# PRIMEWAY
Houston, TX · NCUA charter 2131 · asset band $500M-1B · latest filing 2026-03 · live
Share link (named URL with a preview card): https://getbookiq.com/cu/primeway-2131

Who the members are: federal charter, multiple common bond, organized 1937, low-income designated, minority depository institution. 49,745 members of 6,005,546 potential (0.8% of the field); checking penetration 67% (share draft accounts per 100 members); loans per 100 members 35.

**Verdict on the desk:** this could be *ordinary*. 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 | $731.8M |
| Members | 49,745 (0.4% YoY) |
| Full-time staff | 139 |
| Net worth | $94.1M |
| Net worth ratio | 12.9% (p81 of band) |
| ROA (annualized) | 0.16% (p13 of band) |
| Total delinquency | 1.30% (p89 of band) |
| Net charge-offs (annualized) | 0.82% (p79 of band) |
| Loans / shares | 94% (p89 of band) |
| Cash / assets | 5.0% |
| Borrowings / assets | 10.66% |
| Net interest margin | 3.68% (p70 of band) |
| Operating expense / assets | 4.33% (p82 of band) |
| Vehicles % of loans | 27% (p46 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 32% |
| Third-party paper % of net worth | 50% (p37 of band) |
| Vehicle delinquency | 0.84% (p68 of band) |
| Vehicle NCO | 0.93% (p55 of band) |
| Repossessed % of vehicle book | 0.16% (p77 of band) |
| Real estate % of loans | 48% |
| Credit cards % of loans | 0% |
| Unsecured % of loans | 6% |
| Commercial % of net worth | 68% |
| Core shares % of member funds | 59% |
| Certificates % of member funds | 12% |
| Average share balance | $6,124 |
| Participations bought / yr | $0 |
| Participations sold / yr | $0 |
| Participations outstanding | $45.4M |
| Loans outstanding per 100 members | 35% |
| Loans granted per 100 members, annualized | 26% |
| Average loan balance | $31,214 |
| Loans granted, annualized | $183.1M |

## Participation posture (from the same filings)

Bought $0 and sold $0 in the latest annualized quarter; $45.4M outstanding purchased (48.3% of net worth), $1.8M sold and retained. Sold in 2 and bought in 0 of the last 8 quarters. Shares 0.1% year over year.

## Flags firing in the latest filing

- **net worth falling** (`cap_falling`)
- **delinquency 2x band** (`aq_dq_high`)
- **leaning on borrowings** (`str_borrowings`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 3 | thin capital, losing money, 3rd-party paper>100% NW |  |
| 2016-06 | 3 |  |  |
| 2016-09 | 2 |  | losing money |
| 2016-12 | 2 |  |  |
| 2017-03 | 4 | losing money, margin squeeze |  |
| 2017-06 | 3 |  | losing money |
| 2017-09 | 3 |  |  |
| 2017-12 | 3 | net worth falling | margin squeeze |
| 2018-03 | 4 | charge-offs p90 |  |
| 2018-06 | 2 |  | net worth falling, charge-offs p90 |
| 2018-09 | 2 |  |  |
| 2018-12 | 2 |  |  |
| 2019-03 | 2 |  |  |
| 2019-06 | 2 |  |  |
| 2019-09 | 2 |  |  |
| 2019-12 | 1 |  | thin capital |
| 2020-03 | 2 | thin capital |  |
| 2020-06 | 3 | net worth falling |  |
| 2020-09 | 2 |  | net worth falling |
| 2020-12 | 2 |  |  |
| 2021-03 | 3 | net worth falling |  |
| 2021-06 | 2 |  | net worth falling |
| 2021-09 | 2 |  |  |
| 2021-12 | 2 |  |  |
| 2022-03 | 3 | leaning on borrowings |  |
| 2022-06 | 1 |  | thin capital, leaning on borrowings |
| 2022-09 | 0 |  | 3rd-party paper>100% NW |
| 2022-12 | 1 | leaning on borrowings |  |
| 2023-03 | 2 | delinquency rising |  |
| 2023-06 | 3 | delinquency 2x band |  |
| 2023-09 | 2 |  | delinquency 2x band |
| 2023-12 | 3 | loans>95% of shares |  |
| 2024-03 | 3 | net worth falling | delinquency rising |
| 2024-06 | 2 |  | net worth falling |
| 2024-09 | 1 |  | loans>95% of shares |
| 2024-12 | 2 | assets shrinking |  |
| 2025-03 | 2 | charge-offs p90 | assets shrinking |
| 2025-06 | 1 |  | charge-offs p90 |
| 2025-09 | 4 | delinquency 2x band, assets shrinking, loans>95% of shares |  |
| 2025-12 | 2 |  | delinquency 2x band, assets shrinking |
| 2026-03 | 3 | net worth falling, delinquency 2x band | loans>95% of shares |

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

- 2026-05-06 [PrimeWay Federal Credit Union Selects Mahalo Banking to Accelerate Digital Innovation and Strengthen Security - Business Wire](https://news.google.com/rss/articles/CBMi-gFBVV95cUxOUFd5UEFlQUE5eE1rbWxIWC1KUV9mMVF5ckNMcWhtM3g4X2xhMTRRM0xuUnEwTmZhZHdXMF9zUk1feUpHemFvc3UwbS1zOFpNZW55MGVtQ2ZoY0ZuSC16cGxfNUxHUGQ2ZjZncWhsaE11WUYwX1Fqb25DUHZhRVFHNUdrUF9vUDdKNEN4Wkh1RExILTd3ck15RW12NnppeXhkMHUtZC1tWk1YMjZla1Bid1dTOGRnUVRUZnZpNThxM05LQXp3bjZCei1ydGloZW9LOU04dkU1RjFpbTk3NnJsNlVmLTFqV19FbVlydWhRRnQ4Z2d6Sk5XZHB3?oc=5) · Business Wire
- 2026-08-29 [PrimeWay Federal Credit Union relocates Heights retail center further down Washington Avenue - Community Impact](https://news.google.com/rss/articles/CBMi7wFBVV95cUxQNk1fZnM3M0JGX2FtS2tPdVd2MkY2eF9oZFc0Y21yWGRwbnZOZ2ZoeHdOSVBYRzhVdE5WTHItR3ZBWmRfeVJINWhTZHFtREZ1QUFJMlJxT1dSa2EtMmlpbHpVZjZwTGRSRVY5SlRWNk9VYlhGT0NUYkFhQnZvclIyLTV5T3E0N1p0TjlVbUQwTGVmRUxUNmJqc1ItRXpuUHY3TGFXRUIxYi1QeHdZaTdRTmUtai16TjNTVzNGVlFaRkJoLV96UXp4UUVWeDByZzZJaS1fdG9hbU83R3VSaVNTckpQZ25GWkt6R3Z3eWlqZw?oc=5) · Community Impact
- 2016-04-14 [Culture Club: Executives on the Move - americanbanker.com](https://news.google.com/rss/articles/CBMioAFBVV95cUxOYS1VWlpRTWtFbFpMek1mWVBUZmJLZk5sem9xc2E4WTYwb3JwQXVqdTZOQVJ2Q0VucGxMZGZ1OUQtVXFPUmtxNEZ6ZTJoeEdFbURHLTFIU3l2UFNEYkJhblcwbm5USllWYmNteTJGaVdLR1FQUHpNZVpSdTJ0UFk0VUdyV251ZnZjUXFCMkI5OU1jMFZFSTdibWR3SUxrNWUz?oc=5) · americanbanker.com
- 2018-12-07 [ATM damaged in attempted smash-and-grab at NW Houston credit union - Chron](https://news.google.com/rss/articles/CBMiugFBVV95cUxNRmxWVWtDNjJyMjBNblMxZUdjN2JwR0ZTbTJ5U2E0eFRUMWExRDE2TTlSTS12cGhUdWNMZnZseGFJZFcxTWNwU2pIOHNDbldXZlFYLV84cHROLUh2M1k5a2lRSDRzUXlaY052cHQwLXpqWWEtRy1FUXBDMzRVYnhXZDRSU2d5QU84TVVOYzFWWDRfVzJpcWJBQ25fSlJaZlZkZWVfM00zczFLaHhRVEtLcVNDcFpXM1hzdGc?oc=5) · Chron
- 2025-10-29 [Houston Methodist nurse honored with new award; $10,000 gift to hospital announced - CUInsight](https://news.google.com/rss/articles/CBMivAFBVV95cUxNZE83OTdBbnhIZ0NXZE0xcEFzZmZIWTNHckhUem5rRmgwcm5RbWREZEQ1TzVZcG5YckVfVUF2UVVEZFFJOW5yRmdSNFJaZnM5anNPLUwzNWtBMGpjZmszRWxtcFVOZW8xS3FwT2EyNXhCb1VkUTMwOXQwQ1d0dnhKV2VSdDJSeG1yYTdqODYtOGRyS3N1WXhtT2F4Z2pVeUFoSllRN1ZUN01RLW8zdGZZWExDVG1saWVaaFl3Tg?oc=5) · CUInsight
- 2018-02-12 [Thieves use forklift to steal ATM from credit union on North Freeway - KHOU](https://news.google.com/rss/articles/CBMilwFBVV95cUxNVWFWRlpBTDdmU3RMTWdwWkZIN2RrbGhWWkpLdjBEOGhuSm1TX3NmTDY1VGNWcEE4c1NYMTFJd1hqME9CdjNKVWFSUmpzUUF4U2xtLXZZNk03XzY3c0ZLMkRiTGVhM0VYVXVtNVlEbEV6Wi1SZElsTko3dFRkOEZRV2phWXJsOHd4X2JGR0RDTEV4eUJUc25r?oc=5) · KHOU
- 2018-04-05 [Dennis Dorman Obituary - Houston, TX - Dignity Memorial](https://news.google.com/rss/articles/CBMigAFBVV95cUxOMGxIQ1dnNGlBdElJWl9wTE5MTnFHQmJ1Q2l3WFQ3ai11M05VTVJvU3B2UXM4LWxDck1Xd2VWbG1GRXJBVUxNNjd5c01HRm14dHFMYk45cHdlZnVVY0RSaGZ6bHYwY2FZb1BSazFRWk5JMzRpaS1kd2ppSFRfUlJfdw?oc=5) · Dignity Memorial
- 2018-06-06 [Fort Bend Leadership Forum, Class of 2018 graduates - fbindependent](https://news.google.com/rss/articles/CBMijgFBVV95cUxQVlotbmxhbHA5Rl82LWZVNmR3MzJJVFRyelR6TWg4VXl6Z251dVNwVVVIYzkza0dUN01oNTkzcUJJUTF1VnFTZDIxWWF5WkFVVnpZQ092ZjNQQlpMTjZFTzdpcEUybTd4QjlyaUNwRzhOa09WM05pOTVOb3Y5ck9xS0N5UlhBZW5aWWZlODNn?oc=5) · fbindependent

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=2131 (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/19.json (key "2131", 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=2131
- 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