# HEALTH FACILITIES
FLORENCE, SC · NCUA charter 22811 · asset band <$50M · latest filing 2019-12 · stopped filing after 2019-12 (departed; for a credit union that is almost always a merger)
Share link (named URL with a preview card): https://getbookiq.com/cu/health-facilities-22811

Who the members are: federal charter, multiple common bond, organized 1977, low-income designated. 8,677 members of 15,000 potential (57.9% of the field); checking penetration 66% (share draft accounts per 100 members); loans per 100 members 40.

**Verdict on the desk:** this could be *liquidity-rich*. Composite score 1 of 18 (one point per flag across 17 flags, capital below 7% counted twice).

## What the filing shows

| Measure | Value |
|---|---|
| Total assets | $31.1M |
| Members | 8,677 (0.2% YoY) |
| Full-time staff | 14 |
| Net worth | $4.5M |
| Net worth ratio | 14.4% (p57 of band) |
| ROA (annualized) | 1.63% (p96 of band) |
| Total delinquency | 0.83% (p50 of band) |
| Net charge-offs (annualized) | 0.90% (p82 of band) |
| Loans / shares | 47% (p28 of band) |
| Cash / assets | 25.4% |
| Borrowings / assets | 0.00% |
| Net interest margin | 3.54% (p54 of band) |
| Operating expense / assets | 7.42% (p96 of band) |
| Vehicles % of loans | 60% (p55 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 8% |
| Third-party paper % of net worth | 13% (p91 of band) |
| Vehicle delinquency | 0.89% (p59 of band) |
| Vehicle NCO | 0.00% (p21 of band) |
| Repossessed % of vehicle book | 0.00% (p44 of band) |
| Real estate % of loans | 9% |
| Credit cards % of loans | 2% |
| Unsecured % of loans | 28% |
| Commercial % of net worth | 14% |
| Core shares % of member funds | 75% |
| Certificates % of member funds | 4% |
| Average share balance | $1,601 |
| Participations bought / yr | $0 |
| Participations sold / yr | $0 |
| Participations outstanding | – |
| Loans outstanding per 100 members | 40% |
| Loans granted per 100 members, annualized | 80% |
| Average loan balance | $3,628 |
| Loans granted, annualized | $6.5M |

## Flags firing in the latest filing

- **expense trap** (`earn_opex`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 1 | expense trap |  |
| 2016-06 | 1 |  |  |
| 2016-09 | 1 |  |  |
| 2016-12 | 1 |  |  |
| 2017-03 | 2 | delinquency rising |  |
| 2017-06 | 2 | auto monoline | delinquency rising |
| 2017-09 | 2 |  |  |
| 2017-12 | 2 |  |  |
| 2018-03 | 1 |  | auto monoline |
| 2018-06 | 2 | delinquency rising |  |
| 2018-09 | 2 |  |  |
| 2018-12 | 2 |  |  |
| 2019-03 | 3 | auto monoline |  |
| 2019-06 | 2 |  | delinquency rising |
| 2019-09 | 3 | delinquency rising |  |
| 2019-12 | 1 |  | auto monoline, delinquency rising |

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

- 2020-09-14 [SC Federal to merge with its 3rd Florence credit union since 2017 - Post and Courier](https://news.google.com/rss/articles/CBMi6wFBVV95cUxOdjA5UXVIZlFQSU1DSWtjcEluOW1GU2d5R2w3NjF4dHZsaHlyalNwelE0N2UwRDZiVVhXSk41WHFJQjZyY1g0VkIxd0ZqTnkxX0VSRHU3ejdVX2drU09ndjhHZ0J0clVxdGlURk96MTNkUGE2OW50bi1sSFRMYTNxT0ZYandBWXN1dmdUb0hkcGwxLV9Eb1hxVzJyZXdVZjVEUFd3Yy1EODJMQXhkZFA4VFhyMzVPTXFDRWI5SHczY3lUeTVCYThBYmdzNkV6NmhVM1pmYzRzSGNjUXRVOXJ2T3hjS2VjTzJpQlJn?oc=5) · Post and Courier
- 2020-08-26 [South Carolina Federal Credit Union grows via merger - American Banker](https://news.google.com/rss/articles/CBMiowFBVV95cUxPUFRVOU96MWJvOU5TdHlEZkVfbkJTUEVPaWkyeDNaSVM1MGZjVk44Wng0d2Y0MHFtYS1Dell4aHI1RUVCOFIxQUJ4Q2hpLTVmdFpGNnNBYW5GbXRvTkc5eGE2ekxfTzJlc2RxQ05DdlFsRnMxenhGa21ZS2twdktxZkRndER0LXlvdnlRQ2ZhMnY4R2dtekpyWUMydldNUHhGUnRZ?oc=5) · American Banker
- 2024-07-12 [Howard C.C. Parnell, Sr. Obituary Jul 12, 2024 - Smith Funeral Home | Florence, SC](https://news.google.com/rss/articles/CBMicEFVX3lxTE5XckRiS3JTVkhqRXM0c3F1Ykh1M0RvOE54bmVtTTVEbWZoakFJdUlvRnN2WUowdHpEMmxYdVN6d0E0SXJkUmRubzdyZHBqX3FqaUpuQ21DOTRJd2JlTFRvc205a1gxU1lNYy0tX0VlWG0?oc=5) · Smith Funeral Home | Florence, SC
- 2025-02-14 [Martha Ann Nettles Obituary Feb 14, 2025 - stoudenmiredowling.com](https://news.google.com/rss/articles/CBMibEFVX3lxTE5TdFdEenJfcmMzdlNta2RBQi1fYkZaenhXNkN2c3lpRVNWbWdDVlhvODRXUGNRaUU4RV9uUUhybWtIR0N2SXIwbThUN0NHQTNTVjk1VmJBa3Y1bk9SMzZtb0RnYXlGNkVmZzdwNQ?oc=5) · stoudenmiredowling.com
- 2017-08-17 [Heartland Data Breach Update: Thousands of Institutions Impacted - BankInfoSecurity](https://news.google.com/rss/articles/CBMiogFBVV95cUxNWVEyRWhPeVlpYXZaX19sN1VhVk5zZ1RJb2xUMlNFUmhWdnU2c1NxVXRJcVBxYTJXM0ptVjFreVRaQjJQNkdoQmFKWmQxU3ZNMU5ROGRsbVVreFdIeUhHMmEwSjdnaHVoaDd3ZmhWQmdDX1huU3UyeFlYakxsMW1DTEJEMmVsR3BLelpjd0xENjB1eFBqOXFFcFdtc1lqVE44YlE?oc=5) · BankInfoSecurity

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=22811 (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 "22811", 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=22811
- 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