# THE LOCAL
Dallas, TX · NCUA charter 22747 · asset band <$50M · latest filing 2026-03 · live
Share link (named URL with a preview card): https://getbookiq.com/cu/the-local-22747

Who the members are: federal charter, multiple common bond, organized 1977. 4,006 members of 10,000 potential (40.1% of the field); checking penetration 48% (share draft accounts per 100 members); loans per 100 members 53.

**Verdict on the desk:** this could be *auto monoline*. Composite score 4 of 18 (one point per flag across 17 flags, capital below 7% counted twice).

## What the filing shows

| Measure | Value |
|---|---|
| Total assets | $25.2M |
| Members | 4,006 (-7.4% YoY) |
| Full-time staff | 12 |
| Net worth | $5.5M |
| Net worth ratio | 21.9% (p80 of band) |
| ROA (annualized) | 0.69% (p56 of band) |
| Total delinquency | 1.26% (p67 of band) |
| Net charge-offs (annualized) | 0.31% (p69 of band) |
| Loans / shares | 105% (p97 of band) |
| Cash / assets | 18.8% |
| Borrowings / assets | 0.00% |
| Net interest margin | 7.59% (p99 of band) |
| Operating expense / assets | 10.38% (p98 of band) |
| Vehicles % of loans | 61% (p49 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 0% |
| Third-party paper % of net worth | 0% (p43 of band) |
| Vehicle delinquency | 1.90% (p79 of band) |
| Vehicle NCO | 0.38% (p78 of band) |
| Repossessed % of vehicle book | 0.00% (p46 of band) |
| Real estate % of loans | 10% |
| Credit cards % of loans | 0% |
| Unsecured % of loans | 15% |
| Commercial % of net worth | 0% |
| Core shares % of member funds | 79% |
| Certificates % of member funds | 10% |
| Average share balance | $2,192 |
| Participations bought / yr | $0 |
| Participations sold / yr | $0 |
| Participations outstanding | – |
| Loans outstanding per 100 members | 53% |
| Loans granted per 100 members, annualized | 56% |
| Average loan balance | $9,522 |
| Loans granted, annualized | $9.9M |

## Flags firing in the latest filing

- **expense trap** (`earn_opex`)
- **members leaving** (`shrink_members`)
- **loans>95% of shares** (`str_ltos`)
- **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 | 3 |  |  |
| 2016-09 | 3 |  |  |
| 2016-12 | 2 |  | delinquency 2x band |
| 2017-03 | 6 | net worth falling, losing money, margin squeeze, delinquency 2x band |  |
| 2017-06 | 5 |  | losing money |
| 2017-09 | 4 |  | net worth falling |
| 2017-12 | 4 | loans>95% of shares | margin squeeze |
| 2018-03 | 4 | losing money | loans>95% of shares |
| 2018-06 | 3 |  | losing money |
| 2018-09 | 4 | loans>95% of shares |  |
| 2018-12 | 5 | net worth falling |  |
| 2019-03 | 3 |  | loans>95% of shares, net worth falling |
| 2019-06 | 4 | loans>95% of shares |  |
| 2019-09 | 4 |  |  |
| 2019-12 | 5 | assets shrinking |  |
| 2020-03 | 4 |  | assets shrinking |
| 2020-06 | 5 | net worth falling, margin squeeze | loans>95% of shares |
| 2020-09 | 5 |  |  |
| 2020-12 | 5 | members leaving | net worth falling |
| 2021-03 | 4 | losing money | auto monoline, members leaving |
| 2021-06 | 4 | auto monoline | losing money |
| 2021-09 | 3 |  | auto monoline |
| 2021-12 | 2 |  | margin squeeze |
| 2022-03 | 3 | members leaving |  |
| 2022-06 | 2 |  | members leaving |
| 2022-09 | 3 | members leaving |  |
| 2022-12 | 4 | delinquency rising |  |
| 2023-03 | 4 | assets shrinking | members leaving |
| 2023-06 | 5 | members leaving, loans>95% of shares | delinquency rising |
| 2023-09 | 4 |  | members leaving |
| 2023-12 | 5 | auto monoline |  |
| 2024-03 | 6 | members leaving |  |
| 2024-06 | 6 |  |  |
| 2024-09 | 6 |  |  |
| 2024-12 | 6 |  |  |
| 2025-03 | 5 | losing money | assets shrinking, members leaving |
| 2025-06 | 5 | assets shrinking | losing money |
| 2025-09 | 5 | members leaving | delinquency 2x band |
| 2025-12 | 4 |  | assets shrinking |
| 2026-03 | 4 |  |  |

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

- 2026-09-02 [The best credit unions near Houston - Chron](https://news.google.com/rss/articles/CBMiakFVX3lxTFByd3FwR2MyYUVxZW9EdktCYWRyR3lKWjlCRTBzcXlnSUN2NUYxYzNaTmZqMEdPWThnY3dHblpUTUw5STJKU05idWEyREpoOVJrSXg3MmRuay1MeUI2N3lJLVRvT21hbkpFdWc?oc=5) · Chron
- 2026-06-22 [RadiFi Credit Union's new CFO charts growth strategy focused on education over mergers - The Business Journals](https://news.google.com/rss/articles/CBMipgFBVV95cUxPVGxrdEFjaW54UXZzZF9rOU5ZcWlaWExSWDd2ZkFIMHhLWWd6NlRmUFY0c3BCaHhqcWZJRXVud3dtMFJOSWV1enI1RFd4a1ZFX1BOTGFWQWwzejBjQTAwZ2hMNkxGS2ZKUTRxLWNGc2lfYXF4VlE2TkdtZDNSeFJ1NTNaOEtOVkV2MW13WU9rTUhCTjRkaXlGVnNoeXRWUjNqY3NDMm9n?oc=5) · The Business Journals
- 2024-06-03 [Why a Rochester Credit Union Wants the Local Government To Create Its Own Bank - Next City](https://news.google.com/rss/articles/CBMilAFBVV95cUxPNDF5X2J1bkMyVXJKMW8zTWJuSW1ZNGZrNFNsN1M3eVF2NG1TRVhFQ0g2cWEzSXJVdTM5dlhGUm9URzlhTHlpVUZxeTBuQlJObE1FMU52OWZwaFIwOVpqWTE5M3VCd3BZSUpQRXl3UmpQakRRNnJncFNxUHdtamtLVDRab205RnBrT1l3RzdTSU1HaVFs?oc=5) · Next City
- 2024-01-03 [Credit Unions & Community Banks in All 50 States Oppose the Durbin-Marshall Credit Card Bill - Electronic Payments Coalition](https://news.google.com/rss/articles/CBMi2AFBVV95cUxQNVIyczVKbld6VExzUFh5aE5lSFpFMHE3cXVWaEtPcy15d1g3U21zd3NsUGdFcGFkQXRfbk12TDFhVkQxa2NVVC1IeWNtWkNVbUZMNFA1aFdPSXNxUTFFbFJNQy1CTnp3RWJqZWRGZFE0dGZTUU85bGl4R0FoVm55dVByX1NpaUw3QlA4Wm1MRjkzSHVndU5LWS1EMzd3R3NDTlB6MUpFaWZYQ01XOE5heHhBZG43SnRQU3pWUi1JdnpqWkE4Z0ZSOU1GUkhXMkludk1zMFJlMkI?oc=5) · Electronic Payments Coalition
- 2026-04-21 [Houston Dynamo FC confirms Texas Bay Credit Union as the Club’s exclusive credit union partner - Houston Dynamo FC](https://news.google.com/rss/articles/CBMiywFBVV95cUxQRVRNWkgxTTlnYXQtekJXOHBGYVVUazBVcjczUXFVdjBLQjl2cktwbjA3TElOaWJyeTJPRTZVNG5GV0xQSEIwSWItM3NTbUhQUVpuVmNwQkxQTER0dERlWm9fQW9lNmNlbVplQk1NU1NtUHp0U0RxNkJFbTVGYTl3LUhrNktPdGtQQnVDY2ExZlRPSzFnYU1wSjJpUG95SG9FN1QtRFQ3R01GMF95UXpuMy1ZMkpyQUtCRk81NTJ0MDdKNmFsZ2lvYnlHVQ?oc=5) · Houston Dynamo FC
- 2024-10-29 [UCU Launches UTA-Branded Credit and Debit Cards - University of Texas Arlington Athletics](https://news.google.com/rss/articles/CBMilgFBVV95cUxPWlhCTFR0bWRXdE5vN0Z0SzFyZjlBdkplYXpvbEY4alpXMzNOQ1B4ZkdyN0FRcE9aUGhRd3pCNUZ0NFFVeFQzR0J6S1h4dzRjNGVERzIzM0ZCUnlPZEppb3FIZms3VVRfZ2RUNWczc0FEQzRLbHpQWTBqMDFCelV3dmxNZXU2aXJqZEhBRFRMWDFUTm5uMnc?oc=5) · University of Texas Arlington Athletics
- 2022-08-30 [Best Credit Unions to Work For 2022 - americanbanker.com](https://news.google.com/rss/articles/CBMijAFBVV95cUxOcm9zTEJkQ0FYOHVjRENIMDBVQ241cnE3MG9Ha0Z2NDFyVXRQRDZPd0t5RUk1aENLTWNzTHBtY3R0dTdhRUw0UTROU2ZDcU5sa0NrTHdzUzZhSW1zRlpnQlAtdGhZalctYlktZTFrRlUyZXFsLUFQTVNpWDlucFlJZDBsdUx0UkVKcXBJLQ?oc=5) · americanbanker.com
- 2022-01-04 [11 people arrested, accused of defrauding local credit union - kens5.com](https://news.google.com/rss/articles/CBMi2AFBVV95cUxQc0dGbVdCWjEzYnY3THNuUXdXb0xqckVsdnZDR3M5THh5a2czQzFjZUFWNDNmWDFzMjB0M0xTRV9ZVkhtQjA2ZWY0WklRY3BpRlp1OFhRUGR0OEhmQ25rWmxjSHhRbDYyQTVnMTRoYWI5RW83MHp1Y2RTVlpIQTNmejRMekpta0w1UzIyM2dWeVo2LWtZWUZwNE1NMWxTRkRIdVdxaTQ0UTFwVU5kRzVvRkpVd2xYM25yNUtMdm5fWk9xdThaaDljQW4xNThNNnVrQnRBdGFMLWI?oc=5) · kens5.com

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=22747 (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/27.json (key "22747", 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=22747
- 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