# CAROLINAS TELCO
Charlotte, NC · NCUA charter 23494 · asset band $500M-1B · latest filing 2026-03 · live
Share link (named URL with a preview card): https://getbookiq.com/cu/carolinas-telco-23494

Who the members are: federal charter, multiple common bond, organized 1979. 31,566 members of 3,125,094 potential (1.0% of the field); checking penetration 51% (share draft accounts per 100 members); loans per 100 members 54.

**Verdict on the desk:** this could be *ordinary*. Composite score 2 of 18 (one point per flag across 17 flags, capital below 7% counted twice).

## What the filing shows

| Measure | Value |
|---|---|
| Total assets | $514.4M |
| Members | 31,566 (-2.9% YoY) |
| Full-time staff | 92 |
| Net worth | $75.5M |
| Net worth ratio | 14.7% (p92 of band) |
| ROA (annualized) | 0.41% (p29 of band) |
| Total delinquency | 0.78% (p65 of band) |
| Net charge-offs (annualized) | 0.47% (p55 of band) |
| Loans / shares | 68% (p20 of band) |
| Cash / assets | 14.6% |
| Borrowings / assets | 5.83% |
| Net interest margin | 3.18% (p31 of band) |
| Operating expense / assets | 3.38% (p38 of band) |
| Vehicles % of loans | 17% (p21 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 0% |
| Third-party paper % of net worth | 1% (p15 of band) |
| Vehicle delinquency | 0.44% (p37 of band) |
| Vehicle NCO | 2.23% (p87 of band) |
| Repossessed % of vehicle book | 0.07% (p57 of band) |
| Real estate % of loans | 61% |
| Credit cards % of loans | 5% |
| Unsecured % of loans | 14% |
| Commercial % of net worth | 27% |
| Core shares % of member funds | 80% |
| Certificates % of member funds | 16% |
| Average share balance | $8,089 |
| Participations bought / yr | $0 |
| Participations sold / yr | $0 |
| Participations outstanding | $18.4M |
| Loans outstanding per 100 members | 54% |
| Loans granted per 100 members, annualized | 5% |
| Average loan balance | $17,202 |
| Loans granted, annualized | $42.4M |

## Participation posture (from the same filings)

Bought $0 and sold $0 in the latest annualized quarter; $18.4M outstanding purchased (24.3% of net worth), $16.5M sold and retained. Sold in 3 and bought in 4 of the last 8 quarters. Shares 0.4% year over year.

## Flags firing in the latest filing

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

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 0 |  |  |
| 2016-06 | 0 |  |  |
| 2016-09 | 0 |  |  |
| 2016-12 | 0 |  |  |
| 2017-03 | 2 | net worth falling, leaning on borrowings |  |
| 2017-06 | 2 | delinquency rising | net worth falling |
| 2017-09 | 1 |  | delinquency rising |
| 2017-12 | 2 | losing money |  |
| 2018-03 | 1 |  | losing money |
| 2018-06 | 0 |  | leaning on borrowings |
| 2018-09 | 0 |  |  |
| 2018-12 | 0 |  |  |
| 2019-03 | 1 | assets shrinking |  |
| 2019-06 | 0 |  | assets shrinking |
| 2019-09 | 0 |  |  |
| 2019-12 | 0 |  |  |
| 2020-03 | 3 | net worth falling, delinquency rising, leaning on borrowings |  |
| 2020-06 | 4 | margin squeeze, members leaving | delinquency rising |
| 2020-09 | 4 |  |  |
| 2020-12 | 3 |  | members leaving |
| 2021-03 | 2 |  | margin squeeze |
| 2021-06 | 3 | delinquency 2x band |  |
| 2021-09 | 2 |  | delinquency 2x band |
| 2021-12 | 0 |  | net worth falling, leaning on borrowings |
| 2022-03 | 2 | delinquency 2x band, leaning on borrowings |  |
| 2022-06 | 1 |  | delinquency 2x band |
| 2022-09 | 1 |  |  |
| 2022-12 | 1 |  |  |
| 2023-03 | 4 | delinquency 2x band, delinquency rising, 3rd-party paper>100% NW |  |
| 2023-06 | 5 | assets shrinking |  |
| 2023-09 | 5 |  |  |
| 2023-12 | 5 | loan book shrinking | 3rd-party paper>100% NW |
| 2024-03 | 8 | losing money, charge-offs p90, members leaving |  |
| 2024-06 | 7 |  | delinquency rising |
| 2024-09 | 8 | repo signal |  |
| 2024-12 | 5 |  | loan book shrinking, members leaving, repo signal |
| 2025-03 | 3 | repo signal | delinquency 2x band, losing money, charge-offs p90 |
| 2025-06 | 2 |  | repo signal |
| 2025-09 | 2 |  |  |
| 2025-12 | 1 |  | assets shrinking |
| 2026-03 | 2 | net worth falling |  |

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

- 2024-07-29 [Carolinas Telco Federal Credit Union moves flagship branch after over 50 years - The Business Journals](https://news.google.com/rss/articles/CBMirgFBVV95cUxOdExlMHY3ZTFDbWg1YzY5c1NycFpaWlBGRmx3RnlQdjRCSWEwX2RZN0xoWHJTOURRTVdKRldmX1EtVGpxUkpXS0RBWTE0ZThLZ3FSMFJmWXBGR2VVcmstRXRXWWlBbkRRR1BhR1FKTXhhc3Z0TFlXaS1TOUpQMjNINjdJUzNfNHphY1paN3ZpbzJFOUdZa1hqVmRvdjY2VUo1ZjBqR25OVEp0SVdjTWc?oc=5) · The Business Journals
- 2026-06-23 [CP Group Announces Nearly 25,000 SF of Leasing Activity at Harris Corners in Charlotte, NC - Business Wire](https://news.google.com/rss/articles/CBMi3gFBVV95cUxPQ3N1SkFHc3NYWHM2MExsdXdnM1FGR0txNEZtMlZzYjRCdjdGdkJrZ2RuWGl5TFctNUQ3V0JkVHAxcWVIT1c5d1F4U1B2SS0zWWNfZ1kySmYzRDJUYk9GWUZKUWpjQVM4QW1xa3l2Ui1MTWN2M1I0SkJRYnFtLUZQOC1VaXdUWTZtNmd1NWU1Ry1mb0tMRC04Q3lqXzZEcVVBUWF5aVJpSXlZZGdPYXB6QW1wdTVqMUlOQnV2QTRReTVqbVg1d2cwZEJ5ZjVzSTN3dWFiTXBvY1ROVmhTcEE?oc=5) · Business Wire
- 2025-05-03 [Barbara Van Slooten Obituary - Charlotte, NC - Dignity Memorial](https://news.google.com/rss/articles/CBMijAFBVV95cUxQTmpRSHoxLW1pUzJkb1ViWHBTdXZCb2Y4cXJxT25rTnNlMnZZNEkza3FUdHl2bG5Dd0c2TGJVWXUyaWpRRjY2MlpJZ1M5Z2pqaXhDWkY5ZXlkZFdVakdPempfb1ZwRGJXTHVIS1E2d21nazBfZTFOMG11TVFUSnBPWUNGRXRTZVU5dGpTTg?oc=5) · Dignity Memorial
- 2022-07-14 [Roger Shelor Obituary (2009) - Tega Cay, SC - The Herald - legacy.com](https://news.google.com/rss/articles/CBMikgFBVV95cUxPaWEzUnFqWHdZS0hidG8zTm9JQUhyTk5RV08xTElvMHc2M1VBWDhUaENCZTRQYk16aTVrU21WanlkU1liQTM5cVQyejRkWTZBQVI4cVdTVVZJVFpWTG5oTTB2UEI2cVAzNUNfWTFGdXFRWlhlZVJMMTc1TnUycUQyN2N1c1E1SUpfcjhreXJQSnp0UQ?oc=5) · legacy.com
- 2024-11-04 [Thelma Porter Obituary - Charlotte, NC - Dignity Memorial](https://news.google.com/rss/articles/CBMihAFBVV95cUxORHYxc0lFUXdXNGRRSlZKYWdUd29rM3QzVmJUcEFTdm1lU2lhQXUwT0pTR0FKZ3QyR0pDV0NwZGhqeFpCM2UzSEJ4RG16akl0MFlITlNDV0M0MHE5ZWlXVU5SbVpmQnB1VFl5Z0pfZVl1QXl2eGw1ZDdfY3pkZVF4VTVrQ3k?oc=5) · Dignity Memorial
- 2022-07-12 [Susan Blythe Obituary (2022) - Huntersville, NC - James Funeral Home - legacy.com](https://news.google.com/rss/articles/CBMigAFBVV95cUxNckJOVDFGVjl6U3lHY0stUUswRm85WlFtVmpIdExKenA0ZXBSZzhWZWtIbXhfcUdaZWZTTWZwVV82bXB4d0x5N3U2djJhSFFuLS1yUkE0ZXktTXY1TlM1SHNBNl9abU4xVUpUek03TkZnWmVjMTMxX05UNXc1b2paWg?oc=5) · legacy.com
- 2018-10-20 [Philip Davis Obituary - Charlotte, NC - Dignity Memorial](https://news.google.com/rss/articles/CBMiggFBVV95cUxQUFJYa3ZObUl1VjlreXg5WG5yQWJ2YkROMkhzdzhEWVVMWXZYWEJHZWpiOUFLYkl2aVR6VmxVSUZfZVppOVBWSE1oS2NuTGJfaUhmWVZrU0RZakI2a0xpNmFqel9pRm1qZV9iWVBQZ21VZDJoYVFYa1IzV0x4VDJKc29B?oc=5) · Dignity Memorial
- 2007-01-08 [Robert Clontz Obituary (2007) - Charlotte, NC - Charlotte Observer - legacy.com](https://news.google.com/rss/articles/CBMijwFBVV95cUxQWkZNdDJxMzBMQ2xoUVdyRkthblpITkhNMDZGVkFfdHNCZ1RNTjZKSTNjTnEybDE3Wm0tdVdRN2xjZlZLdlZweldHSnJic1c2eV82NVlrS25Wcl9mQlp4dU5pUWpGTWxyQjFBckhPQVJHdFdQcldGaG1OLWtzTVpXWnBzb1h1d1NWVm1SQjRyaw?oc=5) · legacy.com

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=23494 (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/6.json (key "23494", 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=23494
- 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