# MINERVA AREA
Minerva, OH · NCUA charter 20622 · asset band <$50M · latest filing 2026-03 · live
Share link (named URL with a preview card): https://getbookiq.com/cu/minerva-area-20622

Who the members are: federal charter, community charter, organized 1971, low-income designated. 2,365 members of 7,000 potential (33.8% of the field); checking penetration 57% (share draft accounts per 100 members); loans per 100 members 32.

**Verdict on the desk:** this could be *auto monoline*. Composite score 3 of 18 (one point per flag across 17 flags, capital below 7% counted twice).

## What the filing shows

| Measure | Value |
|---|---|
| Total assets | $17.6M |
| Members | 2,365 (-2.4% YoY) |
| Full-time staff | 10 |
| Net worth | $2.6M |
| Net worth ratio | 14.9% (p50 of band) |
| ROA (annualized) | 1.13% (p74 of band) |
| Total delinquency | 0.47% (p43 of band) |
| Net charge-offs (annualized) | 4.01% (p97 of band) |
| Loans / shares | 50% (p38 of band) |
| Cash / assets | 56.2% |
| Borrowings / assets | 0.00% |
| Net interest margin | 5.06% (p87 of band) |
| Operating expense / assets | 4.55% (p70 of band) |
| Vehicles % of loans | 79% (p82 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 0% |
| Third-party paper % of net worth | 0% (p43 of band) |
| Vehicle delinquency | 0.19% (p40 of band) |
| Vehicle NCO | 4.19% (p97 of band) |
| Repossessed % of vehicle book | 0.05% (p92 of band) |
| Real estate % of loans | 0% |
| Credit cards % of loans | 0% |
| Unsecured % of loans | 5% |
| Commercial % of net worth | 0% |
| Core shares % of member funds | 76% |
| Certificates % of member funds | 24% |
| Average share balance | $3,522 |
| Participations bought / yr | $0 |
| Participations sold / yr | $0 |
| Participations outstanding | – |
| Loans outstanding per 100 members | 32% |
| Loans granted per 100 members, annualized | 14% |
| Average loan balance | $9,709 |
| Loans granted, annualized | $4.7M |

## Flags firing in the latest filing

- **net worth falling** (`cap_falling`)
- **charge-offs p90** (`aq_nco_high`)
- **auto monoline** (`str_vehicle`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 3 | expense trap, delinquency 2x band, auto monoline |  |
| 2016-06 | 2 |  | delinquency 2x band |
| 2016-09 | 4 | delinquency 2x band, charge-offs p90 |  |
| 2016-12 | 3 |  | delinquency 2x band |
| 2017-03 | 7 | losing money, margin squeeze, repo signal, members leaving, loan book shrinking | charge-offs p90 |
| 2017-06 | 5 | charge-offs p90 | margin squeeze, repo signal, loan book shrinking |
| 2017-09 | 5 |  |  |
| 2017-12 | 2 |  | losing money, members leaving, charge-offs p90 |
| 2018-03 | 1 |  | expense trap |
| 2018-06 | 3 | expense trap, repo signal |  |
| 2018-09 | 2 |  | repo signal |
| 2018-12 | 2 |  |  |
| 2019-03 | 3 | delinquency rising, charge-offs p90 | expense trap |
| 2019-06 | 4 | expense trap |  |
| 2019-09 | 2 |  | charge-offs p90, expense trap |
| 2019-12 | 2 | expense trap | delinquency rising |
| 2020-03 | 3 | repo signal |  |
| 2020-06 | 3 | net worth falling | repo signal |
| 2020-09 | 3 | margin squeeze | net worth falling |
| 2020-12 | 3 | delinquency rising | expense trap |
| 2021-03 | 5 | net worth falling, delinquency 2x band |  |
| 2021-06 | 3 |  | net worth falling, delinquency 2x band |
| 2021-09 | 3 |  |  |
| 2021-12 | 2 |  | delinquency rising |
| 2022-03 | 1 |  | margin squeeze |
| 2022-06 | 1 |  |  |
| 2022-09 | 2 | delinquency rising |  |
| 2022-12 | 3 | delinquency 2x band |  |
| 2023-03 | 1 |  | delinquency rising, delinquency 2x band |
| 2023-06 | 1 |  |  |
| 2023-09 | 1 |  |  |
| 2023-12 | 2 | repo signal |  |
| 2024-03 | 4 | delinquency 2x band, delinquency rising |  |
| 2024-06 | 2 |  | repo signal, delinquency 2x band |
| 2024-09 | 3 | delinquency 2x band |  |
| 2024-12 | 3 | repo signal, loan book shrinking | delinquency rising, delinquency 2x band |
| 2025-03 | 5 | net worth falling, margin squeeze, charge-offs p90, members leaving | repo signal, loan book shrinking |
| 2025-06 | 2 |  | net worth falling, margin squeeze, members leaving |
| 2025-09 | 2 | margin squeeze | charge-offs p90 |
| 2025-12 | 2 | repo signal | margin squeeze |
| 2026-03 | 3 | net worth falling, charge-offs p90 | repo signal |

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

- 2012-10-03 [Minerva Area Federal Credit Union ranked number one - Alliance Review](https://news.google.com/rss/articles/CBMirgFBVV95cUxNQUZ5cVhmZkdKZkd6RmtsRTFmT3NoYUxLTDE0OGhfLWNXM3dHUnl0eUVvN2tHd0M3RFJLREg3Vy1yM0FuTmpUend4UF81ZVk1aXhvY0VKSWxnMm5EdUpseWF1enBoTVNCbzhzN2l5eXVDR0hPZ2FKRWRKRWEzdGltaDkwMWdHWHF6WXRPa1k5eVZNX2JFcTlZY0FHY3dPSWFSTFg2bUR1RnZ4TS10TWc?oc=5) · Alliance Review
- 2026-05-04 [The 2026 Sourcebook is HERE! Get Yours – Win Cash too! - News-Talk 1480 WHBC](https://news.google.com/rss/articles/CBMifEFVX3lxTE5JQXJMdW8zblFmRUdKbWJWN0o5dGNCRFd1OVF1b2JjaGViUno0dFQ5Qm9OUm5uRTZ1VFc4VUVHNFZQeEtNQ241Q2RMQkZtdnIzNmxCUFh6VnViRmtXNWNDa2JlbExRZHJyMTZTd29DT092UlZwTzYycmR1WWw?oc=5) · News-Talk 1480 WHBC
- 2025-06-17 [Minerva seniors awarded over $151,000 in scholarships - Your Ohio News](https://news.google.com/rss/articles/CBMipAFBVV95cUxOekNac182ZFlGNTlyQ2Y0c3lIMWJTV3BjTERuSWR2YW1sY21qcm9CTm1id3NkYjRDYlM2OUFXT3B2eC1LMUFrekpoS3hvYXFnOVloU1BFcXFTZElRNDd3a1podW14aFBuN3Q1aWF3aEJUSXhwTTNjN21MWTVkU3dpR3pVcHJITVp5MVN4UG9vdjBOMGJ0UkhpTm5USHFJdWJKTnBHWg?oc=5) · Your Ohio News
- 2016-05-16 [Village of Minerva to host Brick Street Art & Jazz Festival - Times Reporter](https://news.google.com/rss/articles/CBMirAFBVV95cUxQcjN1VXJja2hZcXQzSkJ6NTlxOTJ2a2xOQjZXczA1MjJRdEhyUXBVNmE3dGR5dUNHc1BQMnliQUJ4MEJSTmxRQjRuQjA2S0s5TEdyaE1MT2hqdWdMQ2dhVDFKaU0yUlpCTGZTWTlTLVMwZ08xeUtqZllfazJTWktJbTdrZ2VJekVEWFByMG1qQldpRXA1Z3Q5b1dQV2tYajIzcVBkcUFkWDZyeWJU?oc=5) · Times Reporter
- 2021-09-22 [Google Pay growth continues to explode, with dozens upon dozens of new banks signing on - androidpolice.com](https://news.google.com/rss/articles/CBMijAFBVV95cUxQRjVBSkRYUnhSaHFFUTJvZGt2X0R0RnZtcWp6MUUtQjR3R3RXNmc1Umo4Q3NaV0VKVVpsYTRCSVkzb0dfdmhWS05ZWnpQYWh6d3gzc0VVVzBCYXM0MnBCbG9kekdMdnBfZk9selhhTkhDV2pCMGxUNXVlNG5wMmpodURVQWxjanVxT0VhYQ?oc=5) · androidpolice.com
- 2012-06-06 [MAFCU ranked first in Return on Assets - Alliance Review](https://news.google.com/rss/articles/CBMipwFBVV95cUxNeS1uelluMHdqOVJkOFJCREJGSENHX1BIYjJScGg2VnBxOV9POFBhWHFjeXJvNFUxVUZ2NlVYenBhX0tDNTRiVUhFVGJiemlmUkRtQjdJUEk1YWpmdVRQb3ktOUJXcFFUb3NBeENtT0pOSGtnc2VyUlp5UGdOdkRhbG9RZkdEZUFjOFFvUDFnQlBOX2JBY3YydC1GdmZiY1NncDVyWXBmNA?oc=5) · Alliance Review
- 2025-07-09 [Sally A. Critean Obituary (2025) - East Canton, OH - Sanders Funeral Home - East Canton - legacy.com](https://news.google.com/rss/articles/CBMiggFBVV95cUxOTTZDdGU4ZlhlVi1JSEJ4cUY3cEZVbU1LTnRFOTN3TnU2elZhUlpCTjBRY0tqYUl1ZWV2c1VvUkY1b1h3WlU1d3gtOXJYVHFnTEJZdTlBZ294RGQ5ZURSS3BBMzFUamNnbGtlSmRvWmlrcEhadkVHaFZPaXA5dC1rVGZn?oc=5) · legacy.com
- 2013-08-09 [Frank Ross Obituary (2013) - Canton, OH - The Repository - legacy.com](https://news.google.com/rss/articles/CBMiiwFBVV95cUxPLTRiUEZHQmhILU9XUjA5OTM1anVtZ3BpNHJ2MnZuU2JabzJ2aENzdlJFdkgwQVlycmp1Q2pHTHhRdUZzcHVqelJyR3lSSFd0bTkxcXMxYlJzUy16RFppZXA5ZkZuUVQ1aEotTVJrUmE5cFdGU0dPdVUwTDJ3dVFTVlBETWNnY3NvVVpn?oc=5) · legacy.com

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=20622 (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/14.json (key "20622", 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=20622
- 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