# COMMODORE PERRY
OAK HARBOR, OH · NCUA charter 21873 · asset band $100-200M · latest filing 2026-03 · live
Share link (named URL with a preview card): https://getbookiq.com/cu/commodore-perry-21873

Who the members are: federal charter, community charter, organized 1975, low-income designated. 5,948 members of 360,124 potential (1.6% of the field); checking penetration 77% (share draft accounts per 100 members); loans per 100 members 70.

**Verdict on the desk:** this could be *quiet fade*. 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 | $103.0M |
| Members | 5,948 (-10.1% YoY) |
| Full-time staff | 32 |
| Net worth | $10.5M |
| Net worth ratio | 10.2% (p29 of band) |
| ROA (annualized) | 0.92% (p65 of band) |
| Total delinquency | 0.24% (p19 of band) |
| Net charge-offs (annualized) | 0.70% (p79 of band) |
| Loans / shares | 79% (p70 of band) |
| Cash / assets | 15.3% |
| Borrowings / assets | 4.62% |
| Net interest margin | 4.01% (p71 of band) |
| Operating expense / assets | 5.22% (p90 of band) |
| Vehicles % of loans | 38% (p53 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 22% |
| Third-party paper % of net worth | 58% (p59 of band) |
| Vehicle delinquency | 0.48% (p46 of band) |
| Vehicle NCO | 1.09% (p76 of band) |
| Repossessed % of vehicle book | 0.00% (p32 of band) |
| Real estate % of loans | 46% |
| Credit cards % of loans | 2% |
| Unsecured % of loans | 4% |
| Commercial % of net worth | 31% |
| Core shares % of member funds | 39% |
| Certificates % of member funds | 9% |
| Average share balance | $6,170 |
| Participations bought / yr | $577,800 |
| Participations sold / yr | $3.7M |
| Participations outstanding | $4.3M |
| Loans outstanding per 100 members | 70% |
| Loans granted per 100 members, annualized | 17% |
| Average loan balance | $16,769 |
| Loans granted, annualized | $24.3M |

## Participation posture (from the same filings)

Bought $577,800 and sold $3.7M in the latest annualized quarter; $4.3M outstanding purchased (40.8% of net worth), $2.2M sold and retained. Sold in 8 and bought in 8 of the last 8 quarters. Shares 6.9% year over year.

## Flags firing in the latest filing

- **delinquency rising** (`aq_dq_rising`)
- **members leaving** (`shrink_members`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 3 | thin capital, expense trap, 3rd-party paper>100% NW |  |
| 2016-06 | 3 |  |  |
| 2016-09 | 3 |  |  |
| 2016-12 | 4 | delinquency 2x band |  |
| 2017-03 | 4 | losing money | delinquency 2x band |
| 2017-06 | 7 | net worth falling, delinquency 2x band, delinquency rising |  |
| 2017-09 | 7 | margin squeeze | delinquency rising |
| 2017-12 | 7 | repo signal | net worth falling |
| 2018-03 | 6 | capital below 7% | expense trap, losing money, delinquency 2x band |
| 2018-06 | 5 | expense trap, delinquency 2x band | margin squeeze, capital below 7% |
| 2018-09 | 4 |  | repo signal |
| 2018-12 | 3 |  | delinquency 2x band |
| 2019-03 | 2 |  | expense trap |
| 2019-06 | 2 |  |  |
| 2019-09 | 2 |  |  |
| 2019-12 | 1 |  | thin capital |
| 2020-03 | 2 | expense trap |  |
| 2020-06 | 5 | thin capital, net worth falling, margin squeeze |  |
| 2020-09 | 4 |  | net worth falling |
| 2020-12 | 5 | delinquency 2x band |  |
| 2021-03 | 6 | net worth falling, members leaving | delinquency 2x band |
| 2021-06 | 4 |  | net worth falling, members leaving |
| 2021-09 | 2 | delinquency rising | 3rd-party paper>100% NW, thin capital, margin squeeze |
| 2021-12 | 1 |  | delinquency rising |
| 2022-03 | 5 | net worth falling, delinquency 2x band, delinquency rising, charge-offs p90 |  |
| 2022-06 | 2 |  | net worth falling, delinquency 2x band, charge-offs p90 |
| 2022-09 | 2 | delinquency 2x band | delinquency rising |
| 2022-12 | 3 | net worth falling, delinquency rising, leaning on borrowings | expense trap, delinquency 2x band |
| 2023-03 | 1 |  | net worth falling, delinquency rising |
| 2023-06 | 1 |  |  |
| 2023-09 | 3 | delinquency 2x band, delinquency rising |  |
| 2023-12 | 3 |  |  |
| 2024-03 | 1 |  | delinquency 2x band, delinquency rising |
| 2024-06 | 1 |  |  |
| 2024-09 | 1 | delinquency 2x band | leaning on borrowings |
| 2024-12 | 3 | members leaving, leaning on borrowings, 3rd-party paper>100% NW | delinquency 2x band |
| 2025-03 | 1 | net worth falling | members leaving, leaning on borrowings, 3rd-party paper>100% NW |
| 2025-06 | 1 |  |  |
| 2025-09 | 1 |  |  |
| 2025-12 | 1 | members leaving | net worth falling |
| 2026-03 | 2 | delinquency rising |  |

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

- 2026-07-22 [Ohio credit unions worry proposed federal funding cuts may hurt communities - WYSO Public Radio](https://news.google.com/rss/articles/CBMivgFBVV95cUxPUExpSDl3YTNON3B4Z2lOdm1mX29PTlBGZ2pZOXR5ZXNhOGxCNTl5ODdnQ3k4LUJUdVg1RC1wdko2ajFVWUhDd2xNMkpuNHh3eDBXdHZIZHNfLWsxV084RVpBYWFWdmtZcTJ2eGhYYmtHU0FpS2NrYnVSdVRsaWE5cWowTG5GZ25RT0hPR0xSMGpCckotZ0Y2S3ZyQUp0cGhhTEttaUVOX09uOW1YaU94c21PNEhLS3JzY3A2cm9R?oc=5) · WYSO Public Radio
- 2019-03-30 [Ottawa County credit union sparks a change with unique loans - Toledo Blade](https://news.google.com/rss/articles/CBMi1wFBVV95cUxOanYxY3QxVFY1aExyN1J5d1pjVVdXMTdvZTNqRmRva28tYXExSThCNWViWmU4bEVPVEdLUWZzbERFOHRrLXo3c3YtODhWN29HLTRxeUhfWG9adlQ4dXR2bThmT0lRYWx1c2kzWEVUM2NkeWY0OEVJUUU0R3c1b0d5OElFZG9ySmNIaHdzZHh5RnJaVFo5ZjVoT1N1LWx0bFU5VEs4eGpFZFBVU1Q3WnFYWmNDWXRoVkc0ZnJkOWp4RGRFVGRXMUwyWXdwVTFMUDYzTzFVNnphQQ?oc=5) · Toledo Blade
- 2021-10-09 [Ralph G. Woessner Obituary - thenews-messenger.com](https://news.google.com/rss/articles/CBMiZEFVX3lxTE9BVVpTN0V6RTBIMEM5eDFDY0ZWOWJaN1hONkpoX3dQVUNHN01OYVljcmlUbmVTT08zWl9neXc1QW1FTHgtSEZFMzlhNVAzUWZ0b3NRSVNHTFBLZWYtZjA5WTVzODE?oc=5) · thenews-messenger.com
- 2024-01-12 [Virginia Dunn Obituary (2024) - Sylvania Township, OH - Kingsport Times News](https://news.google.com/rss/articles/CBMilgFBVV95cUxOTVdBRFdITkc5V0FQc1FJMDRmUVRlUExYVFZwZm9hN2FQWmVOYzM0ZzVacFk4WDZ6OG4zVUhreEJ5cEZJd3pmRzZSTURST3FCa0pIdF9TSDhkdTZma0xfYlFqN0NIVURKTmQtcUMzNUkzUkZCSG5zVC03YkRnS1dWREFMQ0c3MHBjYXg0WDRNRWFTOEo5b3c?oc=5) · Kingsport Times News
- 2026-02-12 [Wendy Annette Havens - legacy.com](https://news.google.com/rss/articles/CBMigAFBVV95cUxQVEh0OGs2bFNHbVZQTFVST3RUT1kzMHhHbDFtcTEwRjJJcUcxYnA2aWRydjYyX2c2NnEyN3dIMnJtUjZZUS1RSWEyNE15QlNrbmdlWmEwNmdJYWotQUlVRnAxbWZ4MzNkdklBUG4ySld4QUFIV1NzR3BhY3RuQjViOQ?oc=5) · legacy.com
- 2023-09-07 [Steven Patrick Gipe Obituary - thenews-messenger.com](https://news.google.com/rss/articles/CBMiZEFVX3lxTE1WT2lVTXZ2Q0ZBWXFNV0lVSE5tOVNPRzlUMVpnaldBYzdoQ2RuWUR5Xy0zT3FaTF9kdkhIRjRZLUdkZGFqdzBLWkRMYjIzaWpYc1pnTURWQzhxYzJ5YkJlT0ZRMEQ?oc=5) · thenews-messenger.com
- 2016-05-25 [STEM students complete project at Oak Harbor - Port Clinton News-Herald](https://news.google.com/rss/articles/CBMiuAFBVV95cUxPR0hpY2MyWkRqNENCUkdKdWZTaDFpU1YycjJUYVVGc2Frb3lVRU04U09FR1hFbXo4dEFNSEZSaDF6eU5jVC1zdG1NdWRtUjM5M1BnVThiM1Y4MHU4Um1LSFQ4MHJwYXhaamZCSEJDblpQc3VxQWhNNWxsSkNuaEFaeHVCNV91cjhkTjc1amNlS1FRTE9oRVdlZVBObmJYYlhnS2EwOFRsS3NyU0Rfb2I4Q3lweEs1aElC?oc=5) · Port Clinton News-Herald
- 2021-01-02 [Sylvia Cox Obituary (2021) - Port Clinton, OH - News Herald - legacy.com](https://news.google.com/rss/articles/CBMimgFBVV95cUxNWkJKdzRzSXZMQUo3RmlVMkdacnFOVHdlVkItQU1fMzhEZWIwclUyVzJEOF9YaVFFeXBMemRHWnc5S3FJQnBDMTB2ZHZVQmZzejRMN2tDbWpjc1VWMC1UQTJhbzAzZnhqZzkxWXF0S0NSSHVISk52VG83WmhXWkZDb1FsWU0yd2lXLW1kYk9tVU1lejZBa0xUTlRB?oc=5) · legacy.com

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=21873 (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/49.json (key "21873", 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=21873
- 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