# SPARTAN
SPARTANBURG, SC · NCUA charter 23416 · asset band <$50M · latest filing 2018-12 · stopped filing after 2018-12 (departed; for a credit union that is almost always a merger)
Share link (named URL with a preview card): https://getbookiq.com/cu/spartan-23416

Who the members are: federal charter, multiple common bond, organized 1979, low-income designated. 3,001 members of 284,000 potential (1.1% of the field); checking penetration 63% (share draft accounts per 100 members); loans per 100 members 47.

**Verdict on the desk:** this could be *auto monoline*. 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 | $17.6M |
| Members | 3,001 (4.8% YoY) |
| Full-time staff | 5 |
| Net worth | $2.3M |
| Net worth ratio | 13.0% (p49 of band) |
| ROA (annualized) | 1.45% (p95 of band) |
| Total delinquency | 1.58% (p69 of band) |
| Net charge-offs (annualized) | 0.80% (p78 of band) |
| Loans / shares | 60% (p48 of band) |
| Cash / assets | 34.6% |
| Borrowings / assets | 0.00% |
| Net interest margin | 4.03% (p76 of band) |
| Operating expense / assets | 5.27% (p86 of band) |
| Vehicles % of loans | 76% (p86 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 0% |
| Third-party paper % of net worth | 0% (p45 of band) |
| Vehicle delinquency | 1.68% (p74 of band) |
| Vehicle NCO | 0.43% (p69 of band) |
| Repossessed % of vehicle book | 0.00% (p89 of band) |
| Real estate % of loans | 4% |
| Credit cards % of loans | 0% |
| Unsecured % of loans | 14% |
| Commercial % of net worth | 0% |
| Core shares % of member funds | 68% |
| Certificates % of member funds | 10% |
| Average share balance | $2,772 |
| Participations bought / yr | $0 |
| Participations sold / yr | $0 |
| Participations outstanding | – |
| Loans outstanding per 100 members | 47% |
| Loans granted per 100 members, annualized | 35% |
| Average loan balance | $6,486 |
| Loans granted, annualized | $7.3M |

## Flags firing in the latest filing

- **auto monoline** (`str_vehicle`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 2 | expense trap, auto monoline |  |
| 2016-06 | 2 |  |  |
| 2016-09 | 2 |  |  |
| 2016-12 | 2 |  |  |
| 2017-03 | 2 | delinquency rising | expense trap |
| 2017-06 | 1 |  | delinquency rising |
| 2017-09 | 2 | delinquency rising |  |
| 2017-12 | 3 | delinquency 2x band |  |
| 2018-03 | 4 | net worth falling |  |
| 2018-06 | 2 |  | delinquency 2x band, net worth falling |
| 2018-09 | 1 |  | delinquency rising |
| 2018-12 | 1 |  |  |

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

- 2026-08-14 [Fifth Annual Morgan Square Madness powered by Ingles set for October 1st - upstatespartans.com](https://news.google.com/rss/articles/CBMiwAFBVV95cUxPd2NFUHhkS0xGLTVGNDFfcXNCMEp6TUNLYW5IUHgzNkdmUXhuSzI2bFRWNmFadnVQc3hmVUF1WDR3Unh2STJMQ0hqaE51TzhxY2J0OEFwTE0zV1hucWxFQVltWWFCNFA0RGZWVGRRSzF6VDJSMTI0dmN2ODFJdTNPWV9oUG5LTHBGMWpPUE9TN3U4RG9sU2owdk5GUzRsSmZCaGNfcm5rVWNKeWNkdlpHVG9rbENBaXA0bEJqeGdKRmg?oc=5) · upstatespartans.com
- 2020-08-26 [South Carolina credit unions complete merger - American Banker](https://news.google.com/rss/articles/CBMimAFBVV95cUxPaDlobzI1dHlQLXExSGUwMjJhdHljdENLaFdsaXhqX18xMkJMemdCV0JBX2tBMUV1blJGd0Jpa05XeTVKeW1NVGxfc1lpMUhYNmJuSElZUlQ2TllMYU03Zm0zTGpKSF82V1dUdDR6OTR2YWs4QmY3SkJSeS13akRaeThSbjlVSFZiQnFNOXNuN1NlQ3p2cUJwVg?oc=5) · American Banker
- 2021-06-15 [South Carolina Federal Credit Union: For the Members, by the Members - Mount Pleasant Magazine](https://news.google.com/rss/articles/CBMirwFBVV95cUxPX0FRTE13Q3dwTldxbUh3VVZWM1Z4YldENkhTZXZMUWhlYXhUOHBUOHpNZlBwTExrY0NRT1ZSVmtabVNuX00xRXdZeWhUTGI1T0hqbnp1bU1Bb2FGNzN3d1NUcy1ITWt6TTlBUDlDMjRsTDh2aW5YcXBRaGRTZWEwWENWTWRySnpjY3hURDRORDFNOXQ5TEctT2FHaFlPaGliY1dSY0xIWFlaaEl4a004?oc=5) · Mount Pleasant Magazine
- 2019-06-24 [Town Square: Spartan West Rotary Club makes donation to P.S. I Love You Ministries - GoUpstate](https://news.google.com/rss/articles/CBMi3gFBVV95cUxPTkZZTzlQbWM2d015Q3AwTWNrc0FVeGFjY0dvRVl2ZXdweHdDR3lpSTZlYU5MenowNVVTTzRYNDVfV2daVmdqNUtuQUdUNEI5SXBhYnVRSlc1Z3RKVXBGc3FWcUQwdXlFaV9HRUpuU3laaXN1a0liS1NuTG9JSm96amJzeHM3RVY1bFIzd0EzNDlOMFRzSERiN1lLQWpTS0ZQS2lDb3lWSTVBVEQ5cjAzLTdCSERoNE1lbWF6UkNDdXZYOS1ISW5LeFFDU243Y3B0enpGajNzeVdpT04zS1E?oc=5) · GoUpstate
- 2025-02-09 [Upstate Softball ends the Spartan Classic on a high note against Monmouth - upstatespartans.com](https://news.google.com/rss/articles/CBMitgFBVV95cUxNeXVqbTRxS0lNUjk4dHBpTGpLcUc2eTAwNmFhOWI4aU9CcGdzZmZYbjUzdkVxZm9aV213MXlXcVdVZDFpUjl6NGhSVGZVby1icXFtQXdTc3JKYUNlamx0LXhqMGdkblowTUticDJjMHRJa2czOXBiMkxISWI1OEROenBlbTVtSm1PZWpqVXN3dW5PS1E5WUxGV2U5aDhaNFFBeWhlMFFKWWRRblZsZkFsZlBjejYwZw?oc=5) · upstatespartans.com
- 2016-08-30 [Man named 'Genuine Truth Banner' arrested after bank robbery, deputies say - WYFF](https://news.google.com/rss/articles/CBMirgFBVV95cUxQcjFoajdRTlp0SmdJUEVoR083T3ctWmVCSzMzVTZpUHI0RlpzbWlPc1JHVEZObmRPcF9iX3RvSE1WUThZclBuekhRSjdsbHNMeWJFNGx5UTdLOXRQa0ZsN3ZScGtPUkloZWpBZXBpc3JfOGRJRFV3QnN4MTZjVmRqWFFhS2Q1dEFBMnRaOVRUZV8xdjdkTnlyOGdRcFRUWVlHZEx3aHVzT2kxSXU1clE?oc=5) · WYFF
- 2025-02-06 [Upstate Softball ready to open the 2025 Season with the Spartan Classic at Cyrill Stadium - upstatespartans.com](https://news.google.com/rss/articles/CBMiywFBVV95cUxNRC1ONy1Wd2k4bU1aR3V3MlQwUG5MVzFITDJoT3F3cENOeXI0Vml6cjdiVnhYNURjQkVqV3dmZ0taSVNyYU53U1dGUEJDU05mdFNZVEplVWFQQnpVY3l3WUNJS2NBbkI5SV9CQ1ZhcG9QclVxZHFFWW40Q044NFNGNm8xdG5RekoxbEZBaUl6eFc3MF9YYUJnZ3Z2QXN4ODNKb1JBT3YwTTRVNkpRWkdsY2dwWXhLb3NtN2dBYk91UWtHM3VQc0JlbjFMSQ?oc=5) · upstatespartans.com
- 2018-01-23 [Spartanburg man to serve 20 years for 2016 bank robbery - GoUpstate](https://news.google.com/rss/articles/CBMivwFBVV95cUxQNXgxeUVkSVJlbkV5Sy1vQVFxRmZLdzdNdXRqTlpsTFpXWGZTU2lTZ2dKYVdKX09VeGFjZFd1bWF4UGxmN0RTcEgzM2IzUk1SZE96eW1SMHI1S0xoRkc3MFJVZ19pMFlZZ2JtVlY0R0swMzJXLWFqd1JibUg5dEMzYjkxZG9ZcjFFMHZwbkVOTVZWRGpnZ3pGYzJ2OEhGazkxS2ZCWTFqVGRTUHVaTlZfdXpiSWFpOC1KZHZmWWR2Yw?oc=5) · GoUpstate

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=23416 (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/56.json (key "23416", 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=23416
- 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