# MEMBERS CHOICE OF CENTRAL TEXAS
WACO, TX · NCUA charter 199 · asset band $200-500M · latest filing 2026-03 · live
Share link (named URL with a preview card): https://getbookiq.com/cu/members-choice-of-central-texas-199

Who the members are: federal charter, community charter, organized 1935, low-income designated. 18,295 members of 724,568 potential (2.5% of the field); checking penetration 58% (share draft accounts per 100 members); loans per 100 members 34.

**Verdict on the desk:** this could be *indirect buyer*. 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 | $213.3M |
| Members | 18,295 (-3.8% YoY) |
| Full-time staff | 49 |
| Net worth | $34.3M |
| Net worth ratio | 16.1% (p92 of band) |
| ROA (annualized) | 0.69% (p49 of band) |
| Total delinquency | 0.05% (p2 of band) |
| Net charge-offs (annualized) | 0.26% (p37 of band) |
| Loans / shares | 69% (p39 of band) |
| Cash / assets | 16.3% |
| Borrowings / assets | 0.00% |
| Net interest margin | 3.08% (p20 of band) |
| Operating expense / assets | 3.63% (p47 of band) |
| Vehicles % of loans | 47% (p76 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 61% |
| Third-party paper % of net worth | 105% (p59 of band) |
| Vehicle delinquency | 0.09% (p9 of band) |
| Vehicle NCO | 0.49% (p42 of band) |
| Repossessed % of vehicle book | 0.12% (p76 of band) |
| Real estate % of loans | 46% |
| Credit cards % of loans | 0% |
| Unsecured % of loans | 5% |
| Commercial % of net worth | 0% |
| Core shares % of member funds | 60% |
| Certificates % of member funds | 25% |
| Average share balance | $5,645 |
| Participations bought / yr | $0 |
| Participations sold / yr | $0 |
| Participations outstanding | – |
| Loans outstanding per 100 members | 34% |
| Loans granted per 100 members, annualized | 91% |
| Average loan balance | $19,988 |
| Loans granted, annualized | $36.4M |

## Flags firing in the latest filing

- **members leaving** (`shrink_members`)
- **3rd-party paper>100% NW** (`str_thirdparty`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 3 | charge-offs p90, repo signal, 3rd-party paper>100% NW |  |
| 2016-06 | 4 | auto monoline |  |
| 2016-09 | 5 | loans>95% of shares |  |
| 2016-12 | 5 |  |  |
| 2017-03 | 7 | losing money, delinquency rising |  |
| 2017-06 | 7 | net worth falling | delinquency rising |
| 2017-09 | 7 |  |  |
| 2017-12 | 7 | members leaving | net worth falling |
| 2018-03 | 7 | delinquency rising | losing money |
| 2018-06 | 8 | assets shrinking |  |
| 2018-09 | 8 |  |  |
| 2018-12 | 6 |  | members leaving, delinquency rising |
| 2019-03 | 5 |  | loans>95% of shares |
| 2019-06 | 6 | losing money, members leaving | repo signal |
| 2019-09 | 5 | net worth falling | auto monoline, assets shrinking |
| 2019-12 | 5 |  |  |
| 2020-03 | 7 | margin squeeze, loan book shrinking |  |
| 2020-06 | 6 |  | losing money |
| 2020-09 | 6 | losing money | loan book shrinking |
| 2020-12 | 4 |  | net worth falling, losing money |
| 2021-03 | 2 |  | charge-offs p90, members leaving |
| 2021-06 | 2 |  |  |
| 2021-09 | 2 | members leaving | margin squeeze |
| 2021-12 | 2 |  |  |
| 2022-03 | 2 |  |  |
| 2022-06 | 1 |  | members leaving |
| 2022-09 | 2 | assets shrinking |  |
| 2022-12 | 2 |  |  |
| 2023-03 | 1 |  | assets shrinking |
| 2023-06 | 1 |  |  |
| 2023-09 | 1 |  |  |
| 2023-12 | 1 |  |  |
| 2024-03 | 3 | assets shrinking, members leaving |  |
| 2024-06 | 3 |  |  |
| 2024-09 | 3 |  |  |
| 2024-12 | 4 | delinquency rising |  |
| 2025-03 | 2 |  | assets shrinking, delinquency rising |
| 2025-06 | 3 | delinquency rising |  |
| 2025-09 | 2 |  | delinquency rising |
| 2025-12 | 2 |  |  |
| 2026-03 | 2 |  |  |

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

- 2023-01-02 [Elizabeth Scaman Obituary (1981 - 2023) - Marlin, TX - Waco Tribune-Herald - legacy.com](https://news.google.com/rss/articles/CBMikgFBVV95cUxONC1zZEUzRUxUQlNOZmNEak9TNDFSQnIxcGpZWFhxZWxiMmtyNzRiNjhMU3dVT1RValFMU1EySkF4N3VNdGQyQmM4OGpPNVpRU2F4ZGVZWmdEMFVudFE2NldMTUNlb09mQjlmX1loRTBBSW9uUDdpWlczMjNqei1uN0xwMXhqSEd2NkYyN1V6NGRTQQ?oc=5) · legacy.com

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=199 (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/7.json (key "199", 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=199
- 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