# PROVIDENCE
MILWAUKIE, OR · NCUA charter 19522 · asset band $100-200M · latest filing 2024-12 · stopped filing after 2024-12 (departed; for a credit union that is almost always a merger)
Share link (named URL with a preview card): https://getbookiq.com/cu/providence-19522

Who the members are: federal charter, multiple common bond, organized 1969, low-income designated. 14,887 members of 176,000 potential (8.5% of the field); checking penetration 63% (share draft accounts per 100 members); loans per 100 members 40.

**Verdict on the desk:** this could be *stressed*. Composite score 6 of 18 (one point per flag across 17 flags, capital below 7% counted twice).

## What the filing shows

| Measure | Value |
|---|---|
| Total assets | $152.7M |
| Members | 14,887 (-5.0% YoY) |
| Full-time staff | 24 |
| Net worth | $12.2M |
| Net worth ratio | 8.0% (p6 of band) |
| ROA (annualized) | -3.89% (p0 of band) |
| Total delinquency | 0.76% (p59 of band) |
| Net charge-offs (annualized) | 1.00% (p90 of band) |
| Loans / shares | 71% (p48 of band) |
| Cash / assets | 14.9% |
| Borrowings / assets | 0.00% |
| Net interest margin | 3.81% (p69 of band) |
| Operating expense / assets | 6.98% (p99 of band) |
| Vehicles % of loans | 25% (p25 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 0% |
| Third-party paper % of net worth | 0% (p15 of band) |
| Vehicle delinquency | 2.10% (p89 of band) |
| Vehicle NCO | 1.22% (p86 of band) |
| Repossessed % of vehicle book | 0.00% (p32 of band) |
| Real estate % of loans | 56% |
| Credit cards % of loans | 6% |
| Unsecured % of loans | 11% |
| Commercial % of net worth | 28% |
| Core shares % of member funds | 59% |
| Certificates % of member funds | 22% |
| Average share balance | $4,699 |
| Participations bought / yr | $0 |
| Participations sold / yr | $0 |
| Participations outstanding | – |
| Loans outstanding per 100 members | 40% |
| Loans granted per 100 members, annualized | 25% |
| Average loan balance | $16,256 |
| Loans granted, annualized | $37.7M |

## Flags firing in the latest filing

- **thin capital** (`cap_low`)
- **losing money** (`earn_negative`)
- **expense trap** (`earn_opex`)
- **charge-offs p90** (`aq_nco_high`)
- **assets shrinking** (`shrink_assets`)
- **members leaving** (`shrink_members`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 0 |  |  |
| 2016-06 | 0 |  |  |
| 2016-09 | 0 |  |  |
| 2016-12 | 0 |  |  |
| 2017-03 | 0 |  |  |
| 2017-06 | 1 | net worth falling |  |
| 2017-09 | 1 | delinquency rising | net worth falling |
| 2017-12 | 0 |  | delinquency rising |
| 2018-03 | 0 |  |  |
| 2018-06 | 0 |  |  |
| 2018-09 | 0 |  |  |
| 2018-12 | 0 |  |  |
| 2019-03 | 0 |  |  |
| 2019-06 | 0 |  |  |
| 2019-09 | 1 | delinquency rising |  |
| 2019-12 | 0 |  | delinquency rising |
| 2020-03 | 0 |  |  |
| 2020-06 | 3 | net worth falling, margin squeeze, repo signal |  |
| 2020-09 | 2 |  | repo signal |
| 2020-12 | 2 |  |  |
| 2021-03 | 2 |  |  |
| 2021-06 | 1 |  | margin squeeze |
| 2021-09 | 1 | delinquency rising | net worth falling |
| 2021-12 | 0 |  | delinquency rising |
| 2022-03 | 2 | net worth falling, delinquency rising |  |
| 2022-06 | 3 | losing money |  |
| 2022-09 | 1 |  | delinquency rising, losing money |
| 2022-12 | 3 | losing money, delinquency rising |  |
| 2023-03 | 2 |  | delinquency rising |
| 2023-06 | 2 | delinquency rising | net worth falling |
| 2023-09 | 2 | assets shrinking | losing money |
| 2023-12 | 3 | losing money |  |
| 2024-03 | 6 | net worth falling, charge-offs p90, members leaving |  |
| 2024-06 | 4 |  | net worth falling, charge-offs p90 |
| 2024-09 | 5 | charge-offs p90 |  |
| 2024-12 | 6 | thin capital, expense trap | delinquency rising |

## In the news (Google News, unfiltered, newest first; check the city)

- 2026-06-17 [Four Rhode Island financial institutions earn spots on Forbes best-of lists - The Business Journals](https://news.google.com/rss/articles/CBMilgFBVV95cUxQaDJVZkVwZU91NVdZeWhtZDVHaHV6dlR6UXFFSExsbnNuWUhOWUFKc1pDZUxxT0xlYl9LLWFvY3pOOWlqcUlxX3VHRXl6VTNLWGVVeDlCdy0zcHRUQlQyZlZHY2s0TVVhQ292S0R5VDZBQk1oU1M4WTV1TGt2MHdxbDZyS2VPUzVVTEpMdmhBQ2VzaFpCZ3c?oc=5) · The Business Journals
- 2026-03-30 [Lydia Moniz Obituary - The Providence Journal](https://news.google.com/rss/articles/CBMiZ0FVX3lxTE9ZTjdaVHFsa1lESkNJMTF3RE5LdXZXTk16Ynl5U1g2V2RMWV9ZQ19VUDJnNWNNb3h4NVZyalI2R3NzZUg1LVYzY0RYNkVUNkhuQzZSZkpmc0RCVjdkSXQ5YnowZzd6NVk?oc=5) · The Providence Journal
- 2025-10-03 [Ocean State Credit Union opens new branch in Providence - WPRI.com](https://news.google.com/rss/articles/CBMilgFBVV95cUxOV1JBWUZteTc3V1ZRSUZnYWtPNy12aGF6UDN2UWxEekZINzgwQ3NPUzBVdEFKcnRGN2dhRzlGRVRLemx3MHEtZVY1dFJhSEE4cEtkRTVOV1lfSzdoTnhOMFNCZGk0Nl9lOVp3d2ZGNW41OGVIVlFoRUhXSkFTUEhiNDJGMlk2UU94bm5qcmhQTmUyd3JSeWfSAZsBQVVfeXFMTzI3QWtUV2R3YkZldmd6M3d6a0VQME5zbEdfRFE5a2lCcVJtMTB0RWlPNWpUaUNWVGpCSjFocGhLcF9uRkZfaDBkY2hPYlVLQWtPT25KVlBrMHROWmFNNVRhbjNtOGVXYU9xMHExMHRseVV2WU16eUdfYkpOMnJGQmlCR05Fbm5JMDVkbVphRndJWWVCUXBjZDNma0E?oc=5) · WPRI.com
- 2024-04-01 [Rhode Island Government Failure: RISDIC - Collapse of Credit Unions in 1991 - Go Local Prov](https://news.google.com/rss/articles/CBMiqAFBVV95cUxQNFI0MkhFcmxyTHNpc1hFTnpNamZIN0Z2Z3ZtdDdvMGhRTTZBMXRZNjR1TVNsNFJMdDNXRXN0SlAtNWpyZjh2R0U2b0VaUnJSMmVqNkZiOWlNYkd5aXdoanRFV3k3cFNqRGdadnI1OWtmWGI2Y2o2RjNMZ1JLeUJ4ZWZJYk1EM3U0V3pLcy1uQVoyU09DRGVKQmtsSEhDYWlWTWtPOUJndWY?oc=5) · Go Local Prov
- 2025-09-16 [Business Beat: Navigant Credit Union expands wealth management - acquires Randall Financial Group - RINewsToday](https://news.google.com/rss/articles/CBMiuwFBVV95cUxNY0dDa1dGaVkwLXg5d0xUenBtUEsyOTFBMUluRnlFbHVGZU45ZjJ6ck90VDF4ejdXNzZ4MGczN1hBQ3ZDQThMdmg0S3AzdDhpWGZVMzRsVmZqWWZKT2xfcDFCUHpnbnpyaUp4QzlkZFZFbHVUZnVGN2lsaXZ6NVVMWlgtRU55VXNFakFYSmNuNldnbmo3WjNReVB5RDh4bFNTWHlfS2xvSHFoSmxyc2h5WGlsTGRrSVVmdFZr?oc=5) · RINewsToday
- 2024-10-16 [Fibre Federal Credit Union gives to Providence, Arbor Health and Centralia College - The Daily Chronicle](https://news.google.com/rss/articles/CBMivgFBVV95cUxPMjNtMFJ3emdTUzRaSkhKWWNKOVhDamJ0UE1ENThrLXVRWlprSzVGQnMzYll2RDlINUVSd0FhNjRRVXF0bFBkQi15Rkx2ODVDbXd3SDR1dUFHeGh3eGlaZ0ZfamZqZENYNjNVVXNpWVFYODY5TVRsVmpTb3liZXNFcC1fR2N4cnhqUzBab240Y0FCa0tOdWFDdHFibnhjX2U1V05yOVZTWTRROXFrN2pVUlVqNnk5MF96ZWpPQ1d3?oc=5) · The Daily Chronicle
- 2026-08-01 [Matchday | Timbers with Cascadia Cup rivalry showdown Saturday against Seattle - Portland Timbers](https://news.google.com/rss/articles/CBMiqAFBVV95cUxQc2h1UC1TdzdSWDFicjdKTjMtTkg3VDU4X096ZFl4MDZZTlk1d0JQNWRmWHVNaE45YWhtT3I1YXptSVlKT3FhOGtDWmNBZHE0dFJ0dkFlVDNQWHI4OVNEU3luS1hDNUpFcVcxeTY2UVVYZnJheEtTSUFLX0N1SGdYMnhxLXZqN0MwUjc1SFdMUzgwX0pYMW9hWG1jNElsZzhtZS13TzBscTA?oc=5) · Portland Timbers
- 2026-02-02 [Longtime Westerly Community Credit Union leader Andrew Rogers named CEO - Providence Business News](https://news.google.com/rss/articles/CBMikgFBVV95cUxQb1dzclpQVUtMYkl4V3E2QnRzY3p0RnhXSXJSTklHZXh2WlhqX3c4eWZHLVN3SmY1M0FjRUtMS3JnX25aVVdOaUtZcWxERTFrblFsQ3Zpal9RUzFQX2ZXekhLWHJheUlGRzNwQ0d1cE9kNTU5MUtaNHl3bnB6Y2NtZ1k4dndoNlUwWDlxRV9KVE0xd9IBmgFBVV95cUxOZFo5YlNfVXZUMFE3Tmh0QTRaZ1EzbGNmN1I3cGhwc3lOS1B2el90VkthelJkXzN1eUFEUlNaeklScjVhYXdCRWVFSWE3Y0xaU2Nyai1sS09iMVptRjRXakRuU1JzZG5TOS1JSFV3NGRKalBCbkE4dms3M01DM2VESzhWSDM3WkxnbU5rYTR6MGtkdDFPMEstVDJn?oc=5) · Providence Business News

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=19522 (every cell opens its formula and NCUA account codes; the News tab is the same search)
- Latest row, JSON: https://getbookiq.com/cu-intel/data/summary.json · history: https://getbookiq.com/cu-intel/data/h/2.json (key "19522", columns cycle, assets, loans, shares, networth, nwr, roa, total_dq_pct, total_nco_pct, vehicle, veh_pct_loans, indirect, ind_pct_veh, ind_veh, ind_re, ind_comm, ind_other, ind_pct_loans, loans_n, granted_n_ytd, granted_ann, loan_pen, granted_pen, avg_loan_bal, loans_per_fte, veh_part, tp_pct_nw, veh_dq_pct, veh_nco_pct, repo_pct_veh, members_yoy, ltos, cash_pct, borrow_pct, nim_pct, opex_pct, risk_score, members, fte, cash_total, invest_sec, allowance_eff, int_income_ytd, int_exp_ytd, provision_eff_ytd, nonint_income_ytd, nonint_exp_ytd, net_income_ytd, n_flags, re_pct_loans, cc_pct_loans, comm_pct_loans, cert_pct_shares, core_pct_shares, part_buy_ann, part_sell_ann, pot_members, sh_draft_n, chk_pen, fom_pen, flags)
- Participation history: https://getbookiq.com/participation-desk/#cu=19522
- Field definitions: https://getbookiq.com/dictionary/#cu-ltos and the rest of the credit union dictionary
- Source: NCUA 5300 call report bulk files. Income fields are annualized by cycle month (Mar x4, Jun x2, Sep x4/3, Dec x1). Percentiles are within the asset band in the same quarter.

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Rendered 2026-09-10 from the desks' own data files. Full guide: https://getbookiq.com/guide