# CAROLINA
CHERRYVILLE, NC · NCUA charter 19788 · asset band $50-100M · latest filing 2026-03 · live
Share link (named URL with a preview card): https://getbookiq.com/cu/carolina-19788

Who the members are: federal charter, multiple common bond, organized 1969, low-income designated. 7,435 members of 15,445 potential (48.1% of the field); checking penetration 35% (share draft accounts per 100 members); loans per 100 members 56.

**Verdict on the desk:** this could be *auto monoline*. Composite score 2 of 18 (one point per flag across 17 flags, capital below 7% counted twice).

## What the filing shows

| Measure | Value |
|---|---|
| Total assets | $84.9M |
| Members | 7,435 (2.7% YoY) |
| Full-time staff | 16 |
| Net worth | $8.9M |
| Net worth ratio | 10.4% (p25 of band) |
| ROA (annualized) | 0.71% (p51 of band) |
| Total delinquency | 0.74% (p57 of band) |
| Net charge-offs (annualized) | 0.44% (p68 of band) |
| Loans / shares | 81% (p85 of band) |
| Cash / assets | 21.7% |
| Borrowings / assets | 0.00% |
| Net interest margin | 4.15% (p77 of band) |
| Operating expense / assets | 4.24% (p73 of band) |
| Vehicles % of loans | 61% (p78 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 14% |
| Third-party paper % of net worth | 62% (p79 of band) |
| Vehicle delinquency | 0.86% (p65 of band) |
| Vehicle NCO | 0.68% (p74 of band) |
| Repossessed % of vehicle book | 0.19% (p90 of band) |
| Real estate % of loans | 20% |
| Credit cards % of loans | 2% |
| Unsecured % of loans | 5% |
| Commercial % of net worth | 0% |
| Core shares % of member funds | 41% |
| Certificates % of member funds | 31% |
| Average share balance | $6,971 |
| Participations bought / yr | $0 |
| Participations sold / yr | $0 |
| Participations outstanding | – |
| Loans outstanding per 100 members | 56% |
| Loans granted per 100 members, annualized | 17% |
| Average loan balance | $14,646 |
| Loans granted, annualized | $23.7M |

## Flags firing in the latest filing

- **delinquency rising** (`aq_dq_rising`)
- **auto monoline** (`str_vehicle`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 3 | delinquency 2x band, repo signal, auto monoline |  |
| 2016-06 | 4 | charge-offs p90 |  |
| 2016-09 | 5 | net worth falling, losing money | delinquency 2x band |
| 2016-12 | 4 | delinquency 2x band | net worth falling, losing money |
| 2017-03 | 3 |  | charge-offs p90 |
| 2017-06 | 6 | net worth falling, losing money, charge-offs p90 |  |
| 2017-09 | 6 | delinquency rising | net worth falling |
| 2017-12 | 4 |  | charge-offs p90, delinquency rising |
| 2018-03 | 6 | net worth falling, delinquency rising, charge-offs p90 | losing money |
| 2018-06 | 5 |  | delinquency rising |
| 2018-09 | 4 |  | net worth falling |
| 2018-12 | 3 |  | repo signal |
| 2019-03 | 4 | repo signal |  |
| 2019-06 | 5 | assets shrinking |  |
| 2019-09 | 5 |  |  |
| 2019-12 | 3 |  | repo signal, assets shrinking |
| 2020-03 | 6 | net worth falling, margin squeeze, repo signal |  |
| 2020-06 | 5 |  | repo signal |
| 2020-09 | 5 |  |  |
| 2020-12 | 5 |  |  |
| 2021-03 | 5 | thin capital | charge-offs p90 |
| 2021-06 | 1 |  | delinquency 2x band, net worth falling, margin squeeze, thin capital |
| 2021-09 | 1 |  |  |
| 2021-12 | 1 |  |  |
| 2022-03 | 1 |  |  |
| 2022-06 | 1 |  |  |
| 2022-09 | 1 |  |  |
| 2022-12 | 1 |  |  |
| 2023-03 | 2 | assets shrinking |  |
| 2023-06 | 1 |  | assets shrinking |
| 2023-09 | 1 |  |  |
| 2023-12 | 1 |  |  |
| 2024-03 | 3 | net worth falling, delinquency rising |  |
| 2024-06 | 1 |  | net worth falling, delinquency rising |
| 2024-09 | 2 | delinquency rising |  |
| 2024-12 | 2 | net worth falling | delinquency rising |
| 2025-03 | 2 |  |  |
| 2025-06 | 1 |  | net worth falling |
| 2025-09 | 1 |  |  |
| 2025-12 | 1 |  |  |
| 2026-03 | 2 | delinquency rising |  |

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

- 2026-08-25 [Former Credit Union Employee Makes Run For Congress In North Carolina - cutoday.info](https://news.google.com/rss/articles/CBMiqgFBVV95cUxOZEMtenFZMDBCSzV1MF9qekhqYVBtSERkSHZ3ZE1YNEZFSVhUZDljLTFuT3Qwck04MjR4NWxEZTkteHZoeHhCUHZ1OUxSRjNXMWM3S19vWnNNelNqelB1ODZGcTljUTUzcXZvLVJLanJiUXNfUTRYaS1BbW5EaEQ4QXpwOVBBR0dqWTR1MlJ1dUN5RXMxVkFXbFMxY1UxbGpxREh4X1F0djY5dw?oc=5) · cutoday.info
- 2026-06-25 [N.C. credit union bill sails after compromise with bankers - Business North Carolina](https://news.google.com/rss/articles/CBMiiAFBVV95cUxQbWpXSWtIMEpOUW16djk4ZDFZcjBZc1RZQW9Lb2RNSnNHNHJJOUhhQnJ0YXNLbWdhUnFuU2lLa2xMa1Jta2U3M3NSYU1TLXhmZUswVmg4S3VnWWhudFFzZnAyVTFseG5Hb0JyMVlzQlQ1RldCcHNweWJzZlE0QmtWUFRqS0oyTHIx?oc=5) · Business North Carolina
- 2025-12-09 [North Carolina credit union sues Fiserv over 'insecure' systems - American Banker](https://news.google.com/rss/articles/CBMinwFBVV95cUxPNnlKNjdjdEtQdG1jMzMtcGtTWlFhVU13ejBnLUE4aDVTMmJTR0VKRmVKSlpDcTVaWVE5T3JtTnhxdXQ1MURRQ0VreGY1ajlMa3A1Y1NYb09aaHNhV0NFb0lsLS1IXzlzNTZuVVFveDgxWkRVaEtYeTJxNnJtMEU5aFRQNTZpN2poS3lFMi0zZTNleFRST0o0YkpVSzdPSGc?oc=5) · American Banker
- 2026-04-20 [North Carolina erects marker to honor nation’s first Black credit union - qcitymetro.com](https://news.google.com/rss/articles/CBMiogFBVV95cUxOT20xU0FRLUgwWm5ySVFFLVpqT1ljQUllWDNaTXRBOUVYalI0NzNMdWVYeXVxSVZSelplb1Y2WlZkTkFWN0xwVUhrMXR5am8wb1NiUWhLLWFBZ3RIYXlCRVhJNWVEcEcxUmdiemUyTUtJLWFHTENXdDdJc3VmcDloNDd6YzhFX0h6NlFKcDNrNXItZjdiemk4MGRsTHVYbEZVdFE?oc=5) · qcitymetro.com
- 2026-08-09 [State Employees /NC Number of Employees 2026 | Employee Count & Headcount Data - reveliolabs.com](https://news.google.com/rss/articles/CBMidEFVX3lxTE95QlZPckU2dVBtemsybUFHM2oyUTJyNVlLUjRZUi1vRGJCZldBOU1CeHRpUVMzUlpFcFBTTEFSMjhCV0RhY0pvNWpEUndYQXpFZDZ0Wld1RDczdGpxOEVDX1kwMGRXb0lXemFXWDhWRXk0dUdK?oc=5) · reveliolabs.com
- 2025-10-16 [MEMBERS CREDIT UNION ANNOUNCES GRAND OPENING & RIBBON CUTTING OF NEW STATESVILLE BRANCH - City of Statesville](https://news.google.com/rss/articles/CBMipgJBVV95cUxPaFU5cnpXYlB1WUJPWUJTcWpoT2YtTnJ1aUVrNGJhT0w5aHBDNl92eHJsaW00NUhoMVZEVG1wY1ZYeEhVcEhqME96N1FWRnl5UWlHa2RkX3poLUhOSVhTeVNFYS1JVHd5bzJYdXVpODBrNFNnSTBZZXFPa3E4Zk1aSzllOWhlVEJubjFOR1VjbWp4dTRrd2h4WE9WUkpYZWtjWVIyLXR4a1hWWUZoWDI3RHhZYXl4cWFyMWZXWEE4NGkwSFVQM19fcnJkN0FpbmtlakIwUV83ZEJiak9fZjBSMXQ2V1BESUpISEJVbW15cmRNS2oyZldaVllQa3RuRFpiYkc5QjIzejBnaUVqTU1CTFJqX3habm8yS0t6V2gzcmQ1YUc1TEE?oc=5) · City of Statesville
- 2026-02-17 [ABNB Federal Credit Union to Acquire Two North Carolina Bank Branches - CUTimes](https://news.google.com/rss/articles/CBMiqAFBVV95cUxOeHl5TkJKa3pxQzNadE1fcHVFRFNkRkRCSU1CREdSdTAzRTVuQlJUTzZ3SkZZNUpUaGNJcUotOWo0Vl9fZHcwX0VSOWxoM0VNcEI1bUlkaWUtOGtvNVRvS2VNVzQ0Y2VlS0psSWo5SVRKaGtyRmJwdmhob092NkFrUERMcG1fQTM5LXFPakNiNUJpNEU2MXBBTEdrYTdldnFxRzFiVzZXdGo?oc=5) · CUTimes
- 2025-12-18 [North Carolina food banks receive $500,000 from State Employees' Credit Union Foundation to combat hunger - ABC11 News](https://news.google.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?oc=5) · ABC11 News

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=19788 (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/12.json (key "19788", 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=19788
- 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