# TRANSIT
VALLEY STREAM, NY · NCUA charter 21831 · asset band <$50M · latest filing 2026-03 · live
Share link (named URL with a preview card): https://getbookiq.com/cu/transit-21831

Who the members are: federal charter, service (single sponsor), organized 1974, low-income designated, minority depository institution. 3,169 members of 3,500 potential (90.5% of the field); checking penetration 0% (share draft accounts per 100 members); loans per 100 members 11.

**Verdict on the desk:** this could be *ordinary*. 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 | $18.5M |
| Members | 3,169 (2.1% YoY) |
| Full-time staff | 4 |
| Net worth | $1.8M |
| Net worth ratio | 10.0% (p16 of band) |
| ROA (annualized) | 0.59% (p51 of band) |
| Total delinquency | 0.06% (p21 of band) |
| Net charge-offs (annualized) | 5.37% (p98 of band) |
| Loans / shares | 12% (p3 of band) |
| Cash / assets | 18.8% |
| Borrowings / assets | 0.00% |
| Net interest margin | 3.53% (p36 of band) |
| Operating expense / assets | 3.32% (p41 of band) |
| Vehicles % of loans | 10% (p8 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 0% |
| Third-party paper % of net worth | 0% (p43 of band) |
| Vehicle delinquency | 0.00% (p16 of band) |
| Vehicle NCO | 0.00% (p35 of band) |
| Repossessed % of vehicle book | 0.00% (p46 of band) |
| Real estate % of loans | 0% |
| Credit cards % of loans | 0% |
| Unsecured % of loans | 89% |
| Commercial % of net worth | 0% |
| Core shares % of member funds | 76% |
| Certificates % of member funds | 0% |
| Average share balance | $4,525 |
| Participations bought / yr | $0 |
| Participations sold / yr | $0 |
| Participations outstanding | – |
| Loans outstanding per 100 members | 11% |
| Loans granted per 100 members, annualized | 4% |
| Average loan balance | $5,657 |
| Loans granted, annualized | $1.1M |

## Flags firing in the latest filing

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

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 2 | losing money, delinquency 2x band |  |
| 2016-06 | 3 | charge-offs p90 |  |
| 2016-09 | 3 |  |  |
| 2016-12 | 1 |  | delinquency 2x band, charge-offs p90 |
| 2017-03 | 3 | net worth falling, members leaving, loan book shrinking | losing money |
| 2017-06 | 3 |  |  |
| 2017-09 | 3 | delinquency 2x band | net worth falling |
| 2017-12 | 1 |  | loan book shrinking, delinquency 2x band |
| 2018-03 | 3 | net worth falling, delinquency rising |  |
| 2018-06 | 1 |  | members leaving, delinquency rising |
| 2018-09 | 0 |  | net worth falling |
| 2018-12 | 0 |  |  |
| 2019-03 | 2 | net worth falling, members leaving |  |
| 2019-06 | 5 | delinquency 2x band, delinquency rising, charge-offs p90 |  |
| 2019-09 | 3 |  | net worth falling, delinquency 2x band |
| 2019-12 | 3 |  |  |
| 2020-03 | 0 |  | members leaving, delinquency rising, charge-offs p90 |
| 2020-06 | 1 | loan book shrinking |  |
| 2020-09 | 1 |  |  |
| 2020-12 | 3 | margin squeeze, members leaving |  |
| 2021-03 | 7 | net worth falling, losing money, delinquency 2x band, delinquency rising |  |
| 2021-06 | 6 | charge-offs p90 | losing money, delinquency rising |
| 2021-09 | 5 | losing money, delinquency rising | loan book shrinking, net worth falling, charge-offs p90 |
| 2021-12 | 4 | charge-offs p90 | delinquency 2x band, delinquency rising |
| 2022-03 | 3 | net worth falling | margin squeeze, charge-offs p90 |
| 2022-06 | 3 |  |  |
| 2022-09 | 2 |  | net worth falling |
| 2022-12 | 1 |  | members leaving |
| 2023-03 | 2 | net worth falling, delinquency rising | losing money |
| 2023-06 | 0 |  | net worth falling, delinquency rising |
| 2023-09 | 1 | charge-offs p90 |  |
| 2023-12 | 2 | members leaving |  |
| 2024-03 | 3 | net worth falling, delinquency rising | charge-offs p90 |
| 2024-06 | 3 | losing money, charge-offs p90 | members leaving, delinquency rising |
| 2024-09 | 1 |  | net worth falling, losing money |
| 2024-12 | 1 | delinquency rising | charge-offs p90 |
| 2025-03 | 3 | net worth falling, losing money, charge-offs p90 | delinquency rising |
| 2025-06 | 2 |  | losing money |
| 2025-09 | 2 | delinquency rising | net worth falling |
| 2025-12 | 1 |  | delinquency rising |
| 2026-03 | 2 | net worth falling |  |

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

- 2026-08-06 [Best Credit Cards for Transit and Commuters - NerdWallet](https://news.google.com/rss/articles/CBMijAFBVV95cUxPVjVBV1ZiNWN4OW9IbkZZWndIYldYNzBtVXdXVy0zTmN2NGtjQkVsQXNPdFBmVDVhRWNXdm5IU1dzZE94cFN0YUU2TTljSC0xRHJPZ1BYN1VMWUQ0N3ZkOFNNM0I2VUV1WHpOamFQbXU5SWxGY2dXUXZybXRJNmF3dHlYM2hSYk84Z0lvdQ?oc=5) · NerdWallet
- 2026-05-18 [Jersey Shore visitors are feeling the heat, but not just at the beach. The trip is getting more expensive. - CBS News](https://news.google.com/rss/articles/CBMimwFBVV95cUxOU0NBaHBZczFYODJuMnFqamxBVFJ3NHdHUVVjb3FCSXRPR18weWd6SVhXSWg3ZU9yQ0oxVjgtSmd4TkJyZVB4c015TjVueElDYmUxckVCby14TjZPdFhTUDhERHg0YWV5MTZNemtLTnNVRkR2UFkwYUpEczFQMFFmR2loU3JVT3lmaUZJZjAzb3lSMENWOW45UWFFTQ?oc=5) · CBS News
- 2024-04-08 [WNY's largest credit union ready to unveil new $3M branch - WGRZ](https://news.google.com/rss/articles/CBMi7AFBVV95cUxPUURfeGRvWlBPdVBnV1AzaFE5MnREVnZjRVBDQ2dtbDhDU2J4RWl0LXZDOTZCbEMzZ1NSS3RtVFJFdlVXRUlETnBTVWFqaUE1TkJzUlJYMGYzSDdHUldkQkdaXzBoRjNDTWRCdWhtVHVzYUxOZmVfdndyNTFzYk1QbjJITEw5U2Zpbm15RGp1bHdyT0FlRVk4b2ZnblcxS0t0OWNwX2FoYUhlZktVNlZZU0hsSHZmNXliMXpjVnpGRGFicUl1QS1paklUXzlnbl9SZGRsS01JVTlGR21IX3o0OHBsMUNmSzJuWEVUYQ?oc=5) · WGRZ
- 2022-05-12 [Cornerstone plans new credit union branch in Lockport - The Business Journals](https://news.google.com/rss/articles/CBMiqgFBVV95cUxQRUxHa3dBeko3SnRadHIwZXNoejdkZXpPdzNBTnlLZGRObmJyTkVDSUkxMDdoR3oxZV9ValhWekY5cG9UdFVzUXNVUlgyb3d4c3lWYzFTaGR6a1BXcVVNUUZnWFp3MkFET2NyZURhcnR5OWRtNlBBUDVkUEVRMW5kVEg5ZUZCYzZvc29kWEFiTk5tdFNMeGlzcGN4VnFRVHhtZ3FmUExZYkVOdw?oc=5) · The Business Journals
- 2024-12-31 [36 Black-Owned Banks and Credit Unions, Sorted by State - businessinsider.com](https://news.google.com/rss/articles/CBMikgFBVV95cUxQR2dKWjVxQ3RoR1BRQi0xZG5sYWowMmFaaF9xWUxVTkZiYlMtTGlTcGgtcGxCZldrMHd2VEQzOWFDNjFUMFVtM1lkNHFEc1gzYU1zMWdVTm1NNk1UWlpESUdBalRXZ3ZMSlNkX0x0ZHB4cVcybF9TN1R0b1NxZVh4TEhReEJ1SVg2dU5TY0tpTnhIdw?oc=5) · businessinsider.com
- 2026-06-15 [Former Jackson Area Federal Credit Union CEO accused of misappropriating $95 million for luxury buys - WAPT](https://news.google.com/rss/articles/CBMilgFBVV95cUxOTkRPejNoWjNpbzVIeVl3SHZRQUlTaTJvbDVYQWdmdFpYTkRBNHprNHZhZURUNmNPSjBFS3gyOXJnTUFlVGxGR3BTQlA4RE9Ga2tTZlRyeGw2M0ZDaTFOMFo5cUEwSDQ1R0ZsUWVoOFlPNElCVUFGRnNsS3JGa3IxbFVCd09jVGh1VDdHVlNXWkpiQnR1TWc?oc=5) · WAPT
- 2018-11-29 [Ex-MCU Bd. Members Press Suit on Firings - thechiefleader.com](https://news.google.com/rss/articles/CBMihgFBVV95cUxQdUQ1M1psQnJUekRibzk2RjVCZjdMZ0RhcHo4WFQ0VWt0LUY0RDdkWk8tNXpldkgwWkFQQ2lid3RGMkl5VFFncE1vUXk5T2N6cGFGdWZ3aGNuWU40RlRkdlZub0tXWGFHX1hOWmtCRV91WUtLNHk2dHFUd1RWUVNsa1Myc0RfQQ?oc=5) · thechiefleader.com
- 2026-07-10 [Board of Directors and Board Committee Members - CDTA.org](https://news.google.com/rss/articles/CBMickFVX3lxTE5raHdkYlplempPbmZoQlZQMVVUUUZoVjB3T1g3Wk1MLXZPODFfZ1oxUE1GNFNlblR2alhLaWw0RVQ1eEJzeDJWQ1lYYms4VklGSTM2RWV6ZERkMWdiRFpvVTNFaElrM0ZyQldicDR6ZE9FZw?oc=5) · CDTA.org

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=21831 (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 "21831", 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=21831
- 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