# XPLORE
Metairie, LA · NCUA charter 23017 · asset band $100-200M · latest filing 2026-03 · live
Share link (named URL with a preview card): https://getbookiq.com/cu/xplore-23017

Who the members are: federal charter, community charter, organized 1978, low-income designated. 7,789 members of 1,017,000 potential (0.8% of the field); checking penetration 69% (share draft accounts per 100 members); loans per 100 members 68.

**Verdict on the desk:** this could be *ordinary*. 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 | $151.2M |
| Members | 7,789 (-1.8% YoY) |
| Full-time staff | 40 |
| Net worth | $17.6M |
| Net worth ratio | 11.6% (p49 of band) |
| ROA (annualized) | 0.06% (p12 of band) |
| Total delinquency | 0.32% (p24 of band) |
| Net charge-offs (annualized) | 0.36% (p54 of band) |
| Loans / shares | 85% (p81 of band) |
| Cash / assets | 19.2% |
| Borrowings / assets | 6.61% |
| Net interest margin | 3.62% (p46 of band) |
| Operating expense / assets | 4.45% (p77 of band) |
| Vehicles % of loans | 18% (p17 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 2% |
| Third-party paper % of net worth | 6% (p39 of band) |
| Vehicle delinquency | 0.52% (p48 of band) |
| Vehicle NCO | 0.28% (p35 of band) |
| Repossessed % of vehicle book | 0.00% (p32 of band) |
| Real estate % of loans | 61% |
| Credit cards % of loans | 5% |
| Unsecured % of loans | 11% |
| Commercial % of net worth | 50% |
| Core shares % of member funds | 72% |
| Certificates % of member funds | 19% |
| Average share balance | $7,476 |
| Participations bought / yr | $2.1M |
| Participations sold / yr | $0 |
| Participations outstanding | $8.1M |
| Loans outstanding per 100 members | 68% |
| Loans granted per 100 members, annualized | 13% |
| Average loan balance | $19,657 |
| Loans granted, annualized | $17.5M |

## Participation posture (from the same filings)

Bought $2.1M and sold $0 in the latest annualized quarter; $8.1M outstanding purchased (46.2% of net worth), $1.3M sold and retained. Sold in 0 and bought in 8 of the last 8 quarters. Shares 1.8% year over year.

## Flags firing in the latest filing

- **net worth falling** (`cap_falling`)
- **delinquency rising** (`aq_dq_rising`)
- **leaning on borrowings** (`str_borrowings`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 1 | thin capital |  |
| 2016-06 | 1 |  |  |
| 2016-09 | 1 |  |  |
| 2016-12 | 0 |  | thin capital |
| 2017-03 | 1 | thin capital |  |
| 2017-06 | 1 | assets shrinking | thin capital |
| 2017-09 | 1 |  |  |
| 2017-12 | 1 | members leaving | assets shrinking |
| 2018-03 | 1 |  |  |
| 2018-06 | 1 |  |  |
| 2018-09 | 2 | assets shrinking |  |
| 2018-12 | 2 |  |  |
| 2019-03 | 2 |  |  |
| 2019-06 | 0 |  | members leaving, assets shrinking |
| 2019-09 | 1 | members leaving |  |
| 2019-12 | 1 |  |  |
| 2020-03 | 3 | delinquency rising, assets shrinking |  |
| 2020-06 | 3 | net worth falling | assets shrinking |
| 2020-09 | 2 |  | delinquency rising |
| 2020-12 | 3 | margin squeeze |  |
| 2021-03 | 3 |  |  |
| 2021-06 | 0 |  | members leaving, net worth falling, margin squeeze |
| 2021-09 | 0 |  |  |
| 2021-12 | 1 | delinquency rising |  |
| 2022-03 | 1 |  |  |
| 2022-06 | 1 |  |  |
| 2022-09 | 1 |  |  |
| 2022-12 | 2 | leaning on borrowings |  |
| 2023-03 | 2 | assets shrinking | delinquency rising |
| 2023-06 | 2 |  |  |
| 2023-09 | 2 | delinquency rising | assets shrinking |
| 2023-12 | 3 | assets shrinking, members leaving | delinquency rising |
| 2024-03 | 2 | delinquency rising | assets shrinking, members leaving |
| 2024-06 | 2 |  |  |
| 2024-09 | 3 | assets shrinking |  |
| 2024-12 | 2 | net worth falling | delinquency rising, assets shrinking |
| 2025-03 | 2 | assets shrinking | net worth falling |
| 2025-06 | 2 |  |  |
| 2025-09 | 2 |  |  |
| 2025-12 | 3 | delinquency rising |  |
| 2026-03 | 3 | net worth falling | assets shrinking |

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

- 2022-07-01 [Xplore Federal Credit Union - Biz New Orleans](https://news.google.com/rss/articles/CBMiggFBVV95cUxNNjhhUTRCNU8xQkxINDQyZjcySE10aWQ3eVpHbzdBbXA5NUo0T253eW0xZ0dKTnEybjNPVTFZbG1pN1Y1QjYwV1hHSG5taXlaX2lZd2ljcEZzQUZWN3hfSVJVOTh6V3loYmFzQ0lVQ3N0LUR0Vkpjcllza3B2VDE0NTJ3?oc=5) · Biz New Orleans
- 2019-06-04 [Explore banking with a credit union - WWLTV.com](https://news.google.com/rss/articles/CBMirgFBVV95cUxOYjlrdlpRcmJnR0tGOUFzVGdhSkoxSzBUTXNGMUswNS1hU1l2bHhDRFFRSGwyRHllZmJHZExGS2tzOWNfRGhfX2E2a3puS0F0OEJGeUExNlVkZ2VXTHpFZTV3VlpOd0NNM0pkZGxjalV3YzVsSzdOYlNGVmQ5NVcxNjVJc2Y4eHgza3p3NFEwUm9SbWhSdHhYYzhnQWZLdnlTdkNsb2R6OUlpWGxxYXc?oc=5) · WWLTV.com
- 2020-08-29 [Revamping branch leadership: Executives on the move - American Banker](https://news.google.com/rss/articles/CBMioAFBVV95cUxQbEZTR0J6cHR3aUY2R1E2cHhld25MdUx4RXIzTlpVR0VQSFlMNUNLMWxfSnVqT29USHBFMTZldHlkQ0h0OV9oQzJ2WTJCeUJhaEtKbjhrTW42Z3hsNjBqRTBtMDQzLXNDY1c5VUktQkFXTzlIbUVPdjJrZWU2N2VLVXAzckNoNXczUl9yRG00SUpiQklnNWZoVURuSm1IVG5u?oc=5) · American Banker
- 2018-11-29 [Xplore Federal Credit Union - Biz New Orleans](https://news.google.com/rss/articles/CBMiZEFVX3lxTE9nQldzQWw5TFJUR1J6YWdidkNGSWlhR3RUdm9wckRIa2gwVGhfY01Gakk1RFdMWF9NdFZuM3ppYXlGdXUwRXVpWk9kc3lwN201QS0zb2VzQUVlTmhVMUhkRThaVTU?oc=5) · Biz New Orleans
- 2013-05-02 [10 Noteworthy Credit Union Name Changes: Vibe, Widget, Nymeo - The Financial Brand](https://news.google.com/rss/articles/CBMimAFBVV95cUxNc3JLdG9OMkJTZFptSkpBTDRRd19wT3dqYTQzdmhfM0d0N0FQdm5QY29uUDIyNExWcWlzeEhjYjJGUnFHd3pqZ1Fzb3FTaWhocXU3X0dDMktoQ19kMF92Y2tnS3RSQVA2VHFsNFJLOVRZZ1pDTFhnNzByTHhTNEFwbWMzeTBUcl9SNGZlTVlZMGFpYndaeU85ag?oc=5) · The Financial Brand
- 2021-06-22 [Alexis Dillon Obituary - Marrero, LA - Dignity Memorial](https://news.google.com/rss/articles/CBMiggFBVV95cUxOSzFrU3kzRDFtTjZ3ZHphcFJOU1hjbXY3TkswTm1rUmpDSmVmcncxd2l1RS0xdHBkUVQyX24tbmhCNGpsdWFESEhxSkpzZ0FpV1pLT3hWOVVnVUxGQUJvdTBSSXVycllPVXVPLXFzLWlUMkpZd0U5TXlXU0RRYzJFUEJB?oc=5) · Dignity Memorial
- 2022-07-22 [Gloria Thomas Obituary (1937 - 2022) - New Orleans, LA - The Times-Picayune - legacy.com](https://news.google.com/rss/articles/CBMiiAFBVV95cUxPQ0NPYW91U3I0alBZQnk3N2ZHcGdoM2VYWmxYMXhfdlJOVk91UHpfd2NPOTBkV2ViZUdYU0xDcWFKaEVOZlpKTUN5c25XbldHVW8zUWJEMHpUTWpzaDBZeHlES1JUeXVRRlc0bUsxUFhsUGVKM1JGUGY1NDFHVlFscmJfNkxVdzBV?oc=5) · legacy.com
- 2021-12-30 [Xplore FCU Announces Joseph Cochran As Director Of Commercial Lending - Biz New Orleans](https://news.google.com/rss/articles/CBMinAFBVV95cUxQdnh5NU91T3pwZFh6TlNqMFh6OVlITVdnbTByOTJ1MW9pMF94SEhaMHNLdEpBc0xIN2ZiUVVCazBmYWlqZ19FcUZNR3VuN0ppT2xnMnVrQjN3UHBZMGJ3b2hqcHVBaC1BaXJzX2ZGMlZCMHhMOHhYdE90UF95NUoxOWdIYWdlaUZmY3diTDZYd0dTNDdjbXdUbGdsU1k?oc=5) · Biz New Orleans

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=23017 (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/41.json (key "23017", 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=23017
- 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.

---
Rendered 2026-09-10 from the desks' own data files. Full guide: https://getbookiq.com/guide