# TURBINE
GREENVILLE, SC · NCUA charter 22452 · asset band <$50M · latest filing 2019-09 · stopped filing after 2019-09 (departed; for a credit union that is almost always a merger)
Share link (named URL with a preview card): https://getbookiq.com/cu/turbine-22452

Who the members are: federal charter, multiple common bond, organized 1976, low-income designated. 3,247 members of 5,000 potential (64.9% of the field); checking penetration 47% (share draft accounts per 100 members); loans per 100 members 54.

**Verdict on the desk:** this could be *liquidity-rich*. 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 | $24.7M |
| Members | 3,247 (7.5% YoY) |
| Full-time staff | 8 |
| Net worth | $4.2M |
| Net worth ratio | 16.8% (p69 of band) |
| ROA (annualized) | 1.45% (p92 of band) |
| Total delinquency | 1.61% (p71 of band) |
| Net charge-offs (annualized) | 0.59% (p73 of band) |
| Loans / shares | 56% (p40 of band) |
| Cash / assets | 13.1% |
| Borrowings / assets | 0.00% |
| Net interest margin | 3.82% (p64 of band) |
| Operating expense / assets | 3.70% (p55 of band) |
| Vehicles % of loans | 58% (p52 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 0% |
| Third-party paper % of net worth | 0% (p45 of band) |
| Vehicle delinquency | 1.72% (p78 of band) |
| Vehicle NCO | 0.61% (p78 of band) |
| Repossessed % of vehicle book | 0.00% (p45 of band) |
| Real estate % of loans | 16% |
| Credit cards % of loans | 8% |
| Unsecured % of loans | 16% |
| Commercial % of net worth | 0% |
| Core shares % of member funds | 84% |
| Certificates % of member funds | 4% |
| Average share balance | $4,120 |
| Participations bought / yr | $0 |
| Participations sold / yr | $0 |
| Participations outstanding | – |
| Loans outstanding per 100 members | 54% |
| Loans granted per 100 members, annualized | 9% |
| Average loan balance | $6,551 |
| Loans granted, annualized | $4.1M |

## Flags firing in the latest filing

- **delinquency 2x band** (`aq_dq_high`)
- **assets shrinking** (`shrink_assets`)
- **loan book shrinking** (`shrink_loans`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 2 | losing money, auto monoline |  |
| 2016-06 | 2 |  |  |
| 2016-09 | 3 | net worth falling |  |
| 2016-12 | 2 |  | net worth falling |
| 2017-03 | 2 | delinquency rising | losing money |
| 2017-06 | 2 | net worth falling | delinquency rising |
| 2017-09 | 4 | delinquency 2x band, members leaving |  |
| 2017-12 | 3 | delinquency rising | auto monoline, net worth falling |
| 2018-03 | 3 | auto monoline | delinquency rising |
| 2018-06 | 3 | delinquency rising | auto monoline |
| 2018-09 | 3 | assets shrinking | delinquency rising |
| 2018-12 | 3 |  |  |
| 2019-03 | 4 | loan book shrinking |  |
| 2019-06 | 4 | repo signal | delinquency 2x band |
| 2019-09 | 3 | delinquency 2x band | members leaving, repo signal |

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

- 2019-12-18 [Turbine Federal Credit Union announces merger with Self-Help Credit Union - upstate business journal](https://news.google.com/rss/articles/CBMiwAFBVV95cUxQMF9Qbzk0c04xbzNLTE1WUTJxVGR3dS1HS1NnY2o3SGJ0R0lTSElEcThRSUxCVEQ3c3Q1WVNQalAtVnlOaXFaSm9xRk9DbmRsM0t3UXBlU3k0dDUxU0VWdHpYbW9ycDhNOUJrRm5EUEdBc3VfSFRyZ3Q4eGxCVURNT0pyTmMyNlZaT3FSU2VlWVVidjE3clZiVDBSRmhLWE9mTGRNZVVuMFBLQkNUbHRFRVFadXFrMmZreURXUmxwY0k?oc=5) · upstate business journal
- 2025-03-10 [New CEO named for Secured Advantage - CUInsight](https://news.google.com/rss/articles/CBMiggFBVV95cUxOdzczSExXSjhwV0o3ZVJiZ0Y5Q1E3RHA4TGFBR28yX1RJQUdfcXFMSEJXcm1Pd2hodTRxUTF0OXV6MHRnUXVsMzhReGs1YmZfc0pVaHNucW9oeXQ0dWF0b3dRbnVhMFh4SUxGNDhVbkZtMTQ0LTlOOWM5X1RIaDhBVDd3?oc=5) · CUInsight

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=22452 (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/52.json (key "22452", 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=22452
- 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