# ELEMENT
Charleston, WV · NCUA charter 23162 · asset band $50-100M · latest filing 2026-03 · live
Share link (named URL with a preview card): https://getbookiq.com/cu/element-23162

Who the members are: federal charter, multiple common bond, organized 1978, low-income designated. 4,401 members of 65,000 potential (6.8% of the field); checking penetration 64% (share draft accounts per 100 members); loans per 100 members 72.

**Verdict on the desk:** this could be *ordinary*. 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 | $51.0M |
| Members | 4,401 (-2.5% YoY) |
| Full-time staff | 15 |
| Net worth | $10.3M |
| Net worth ratio | 20.2% (p91 of band) |
| ROA (annualized) | 1.53% (p86 of band) |
| Total delinquency | 1.44% (p85 of band) |
| Net charge-offs (annualized) | -0.40% (p1 of band) |
| Loans / shares | 74% (p75 of band) |
| Cash / assets | 24.0% |
| Borrowings / assets | 1.18% |
| Net interest margin | 5.64% (p99 of band) |
| Operating expense / assets | 5.70% (p93 of band) |
| Vehicles % of loans | 58% (p74 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 0% |
| Third-party paper % of net worth | 0% (p25 of band) |
| Vehicle delinquency | 1.05% (p71 of band) |
| Vehicle NCO | 0.27% (p53 of band) |
| Repossessed % of vehicle book | 0.09% (p84 of band) |
| Real estate % of loans | 21% |
| Credit cards % of loans | 3% |
| Unsecured % of loans | 10% |
| Commercial % of net worth | 0% |
| Core shares % of member funds | 54% |
| Certificates % of member funds | 24% |
| Average share balance | $4,098 |
| Participations bought / yr | $0 |
| Participations sold / yr | $0 |
| Participations outstanding | – |
| Loans outstanding per 100 members | 72% |
| Loans granted per 100 members, annualized | 10% |
| Average loan balance | $9,266 |
| Loans granted, annualized | $8.3M |

## Flags firing in the latest filing

- **expense trap** (`earn_opex`)
- **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 | 5 | delinquency 2x band, charge-offs p90, repo signal, loans>95% of shares, auto monoline |  |
| 2016-06 | 4 |  | repo signal |
| 2016-09 | 5 | repo signal |  |
| 2016-12 | 5 |  |  |
| 2017-03 | 4 |  | loans>95% of shares |
| 2017-06 | 3 | loans>95% of shares | delinquency 2x band, charge-offs p90 |
| 2017-09 | 5 | charge-offs p90, members leaving |  |
| 2017-12 | 4 |  | charge-offs p90 |
| 2018-03 | 3 |  | members leaving |
| 2018-06 | 2 |  | repo signal |
| 2018-09 | 3 | delinquency rising |  |
| 2018-12 | 2 |  | delinquency rising |
| 2019-03 | 2 | delinquency 2x band | loans>95% of shares |
| 2019-06 | 1 |  | delinquency 2x band |
| 2019-09 | 1 |  |  |
| 2019-12 | 1 |  |  |
| 2020-03 | 3 | thin capital, margin squeeze |  |
| 2020-06 | 4 | charge-offs p90 |  |
| 2020-09 | 4 |  |  |
| 2020-12 | 2 |  | thin capital, charge-offs p90 |
| 2021-03 | 3 | repo signal, assets shrinking | margin squeeze |
| 2021-06 | 3 |  |  |
| 2021-09 | 3 | members leaving | repo signal |
| 2021-12 | 2 |  | members leaving |
| 2022-03 | 1 |  | assets shrinking |
| 2022-06 | 3 | net worth falling, delinquency rising |  |
| 2022-09 | 2 |  | net worth falling |
| 2022-12 | 2 |  |  |
| 2023-03 | 3 | expense trap |  |
| 2023-06 | 2 |  | delinquency rising |
| 2023-09 | 2 |  |  |
| 2023-12 | 2 | delinquency rising | expense trap |
| 2024-03 | 2 |  |  |
| 2024-06 | 4 | delinquency 2x band, repo signal |  |
| 2024-09 | 3 |  | delinquency 2x band |
| 2024-12 | 2 |  | delinquency rising |
| 2025-03 | 4 | delinquency 2x band, delinquency rising |  |
| 2025-06 | 2 | net worth falling | auto monoline, delinquency 2x band, delinquency rising |
| 2025-09 | 3 | delinquency 2x band, delinquency rising | net worth falling |
| 2025-12 | 0 |  | repo signal, delinquency 2x band, delinquency rising |
| 2026-03 | 4 | expense trap, delinquency 2x band, assets shrinking, loan book shrinking |  |

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

- 2026-07-30 [In Alaska and West Virginia, Credit Unions Innovate to Meet the Needs of Rural Communities - The Daily Yonder](https://news.google.com/rss/articles/CBMiwwFBVV95cUxOLWJmZ2FmTVRYQklWY2kxdldWcE5JNGRqZjB3UmNYN2M1YnJONm1oN2d6eVhFYW1uR1dabldWWHEzMjZFcExZX1JBWFBFWUQtMWh6ZUVYSHc0UXZ0M3JKdmhYSkpYLTNDYmdBUWdza0RBWm96Q0U5X0ZHekE0ZzdoaWN3WWtKOTZPWW05aktQSVJHY1VfcWo5d1MtdnQyME5XTlNNbF84WWlxSGdDWlRTelRKZzBkWXNVd0g5Tk1rQXNoUU0?oc=5) · The Daily Yonder
- 2025-12-12 [Black By God: People Moving the Mountains Spotlight Profile: Shanté Ellis - Black By God](https://news.google.com/rss/articles/CBMixAFBVV95cUxPODlWUU1jamtxaE1TN1RzWGVCVjFpSWxKYW5fd2lrQ0FIcmFpZmtLUUJRRnVCZlZZUVBmWXB6VmZLeTF0NG0xeDlCcEl1RE5RZXQ1SS1RcXdhWC0xMmZLLUNJV1NIYlMxY2VhcDU3U19KbnBROHl0MnRlZFN6bWdLaWFkTEtUUDQ3NDVpbFVhdXNUdU45SG1kQW55RG1Xcl9mTktMYWV6Y0d5SF81RFI2WUE1dEhFYmJEYnMxd1pfbW9kbTVW?oc=5) · Black By God
- 2025-10-22 [West Virginia has collected $34 million from its medical cannabis program. It hasn’t spent a penny. - mountainstatespotlight.org](https://news.google.com/rss/articles/CBMihgFBVV95cUxOdmZ1czRnRXg0SEdrRDdzNWFiTUYyU2tpanBkT1QzMDRuZTkyNkQ3eDhyRFBucUo0M2RqY0VjTDlCVUZ2WGlJc3YwNDEtcnBGNGFJTEhaYk5KRDQ1SXZ2UUwxanlRM1dGTDZPMzdYR0F6NmNkNHpoa3gwU3hPT0U1MkNKNnFKUQ?oc=5) · mountainstatespotlight.org
- 2024-02-29 [New ‘Element Edge’ focuses on financial literacy in Charleston’s West Side - WOWK 13 News](https://news.google.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?oc=5) · WOWK 13 News
- 2025-10-23 [WV has collected $34M from its medical cannabis program; It hasn’t spent a penny - Charleston Gazette-Mail](https://news.google.com/rss/articles/CBMi_wFBVV95cUxPd2pJWFRnME1oSC12QVNZY2tyOXNDd1A2RzVmWXFhT1AydzEzM3ZONHhmVm5Wb0kwOVpoaGx6M3NMQ01HeU84S1N3d2FfNmF5ZGFyRHZYUkszNm9nTVVhSGJ4RzZkRHRyVHQtdWxKelk5aWJiYjYyQ1ZfVnJEUVdaOHc3R3VaeVhwZVFTeHNfaEpYUEdhVi1pQV9XMkF2NEM5dmxOYjhaSmFITWxXTGVDT0kwSk9XUzYzZFFwMTVqNW5ST2dUVjZfWU1UUFpqZFUwcDVhWnRpdGJNaW1seWJrOGJFYm84Ym0zWFVpRmxxeEpWUWRxTzVqS2J4cDc3WFk?oc=5) · Charleston Gazette-Mail
- 2019-08-28 [Element Federal Credit Union to manage fees for medical cannabis - - The Parkersburg News and Sentinel](https://news.google.com/rss/articles/CBMivgFBVV95cUxQaEhJZjZQSTBvbnN5UUdtbmJ3S2lvVnk0NTdHTDdfSGlKY3FCMnJpeWpxQU9sQTZPTmhTZVZaTlpjbHFmSkdmRkowbHctdFBJYVdTYndQVlotS3V1Ry0ybm4zcUlKRXVRWVZVM1NzcjliYnNJc1BWeGRNNURBWDA1MjR3bks5MWlSNVE3eFcteHAwTHo3YlFyaGs0VnRFOHV0WXdNTkRIcGw3MFl6bUZLU2dhNlBtdTVuRWFDTzVn?oc=5) · The Parkersburg News and Sentinel
- 2025-06-16 [LGBTQ+ Friendly Banking: How To Find Inclusive Banks That Support The LGBTQ+ Community - Bankrate](https://news.google.com/rss/articles/CBMicEFVX3lxTE1RLVZseVFNRlF6aHJHZVlSZHZoNnZBeFJ0cWRGcHJXa2g2aDlUS2EzdEtYdmV3WWRYMnZ5WHRrTXBta1lwNlFqc2UtVDFLRlVQNVdxTzZaNEF4VXhXVmh2ZnlFTG9nY2JtV19Xb3ZBaFU?oc=5) · Bankrate
- 2023-11-11 [Expanding Financial Inclusion in West Virginia: The Role of CDFIs and MDIs - Black By God](https://news.google.com/rss/articles/CBMi3AFBVV95cUxOUEd1c282a0lYRW9ETnhBR1ptLVBOZXpra1lmQkF6N1RiaUxIS3FFYnFQeXZSQllxRmFDbi1HMi11N3FrM1lXYXFCMEFpZGlNcFpQS1dfTG5xVjZLeWpnaVp5VXVKVkxrbGRrQnNuM3NKY1V4dnhpbGhpUnFiRjRiMmZfNnI3M2ZPOXNPMTlvLUxmbE9pNWhYTHFMY04zUXhsLVVZWW10bXczWGVDdEp3Ui12el8xblJRUFB5QUd2Yld6RmY4MDlELVJOdk91Tk42bG5wMmgxUjBOQXM1?oc=5) · Black By God

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=23162 (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/58.json (key "23162", 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=23162
- 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