# BUFFALO COOPERATIVE
Buffalo, NY · NCUA charter 23495 · asset band <$50M · latest filing 2020-06 · stopped filing after 2020-06 (departed; for a credit union that is almost always a merger)
Share link (named URL with a preview card): https://getbookiq.com/cu/buffalo-cooperative-23495

Who the members are: federal charter, multiple common bond, organized 1979, low-income designated. 1,426 members of 15,000 potential (9.5% of the field); checking penetration 56% (share draft accounts per 100 members); loans per 100 members 38.

**Verdict on the desk:** this could be *stressed*. Composite score 9 of 18 (one point per flag across 17 flags, capital below 7% counted twice).

## What the filing shows

| Measure | Value |
|---|---|
| Total assets | $8.0M |
| Members | 1,426 (-5.4% YoY) |
| Full-time staff | 5 |
| Net worth | $346,220 |
| Net worth ratio | 4.3% (p0 of band) |
| ROA (annualized) | -0.55% (p11 of band) |
| Total delinquency | 1.68% (p75 of band) |
| Net charge-offs (annualized) | 1.39% (p91 of band) |
| Loans / shares | 62% (p62 of band) |
| Cash / assets | 25.6% |
| Borrowings / assets | 0.00% |
| Net interest margin | 3.26% (p61 of band) |
| Operating expense / assets | 4.73% (p85 of band) |
| Vehicles % of loans | 39% (p26 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 0% |
| Third-party paper % of net worth | 0% (p45 of band) |
| Vehicle delinquency | 2.63% (p86 of band) |
| Vehicle NCO | 2.30% (p96 of band) |
| Repossessed % of vehicle book | 0.00% (p45 of band) |
| Real estate % of loans | 49% |
| Credit cards % of loans | 0% |
| Unsecured % of loans | 12% |
| Commercial % of net worth | 0% |
| Core shares % of member funds | 97% |
| Certificates % of member funds | 3% |
| Average share balance | $3,174 |
| Participations bought / yr | $0 |
| Participations sold / yr | $0 |
| Participations outstanding | – |
| Loans outstanding per 100 members | 38% |
| Loans granted per 100 members, annualized | 5% |
| Average loan balance | $8,742 |
| Loans granted, annualized | $1.3M |

## Flags firing in the latest filing

- **thin capital** (`cap_low`)
- **capital below 7%** (`cap_critical`)
- **net worth falling** (`cap_falling`)
- **losing money** (`earn_negative`)
- **margin squeeze** (`earn_nim_squeeze`)
- **delinquency 2x band** (`aq_dq_high`)
- **charge-offs p90** (`aq_nco_high`)
- **members leaving** (`shrink_members`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 1 | thin capital |  |
| 2016-06 | 1 |  |  |
| 2016-09 | 1 |  |  |
| 2016-12 | 1 |  |  |
| 2017-03 | 2 | losing money |  |
| 2017-06 | 5 | net worth falling, delinquency 2x band, delinquency rising |  |
| 2017-09 | 1 |  | losing money, net worth falling, delinquency 2x band, delinquency rising |
| 2017-12 | 1 |  |  |
| 2018-03 | 2 | delinquency rising |  |
| 2018-06 | 2 | delinquency 2x band | delinquency rising |
| 2018-09 | 3 | delinquency rising |  |
| 2018-12 | 8 | capital below 7%, net worth falling, losing money, leaning on borrowings |  |
| 2019-03 | 8 | charge-offs p90 | leaning on borrowings |
| 2019-06 | 6 |  | delinquency rising, net worth falling |
| 2019-09 | 7 | members leaving |  |
| 2019-12 | 4 |  | capital below 7%, losing money |
| 2020-03 | 7 | capital below 7%, losing money |  |
| 2020-06 | 9 | net worth falling, margin squeeze |  |

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

- 2020-05-15 [A Timely Move for the Buffalo Cooperative Federal Credit Union - Buffalo Rising](https://news.google.com/rss/articles/CBMiowFBVV95cUxPVG1LaUZjU1lwaTVuSVdhakpjOEdXc19BZ19VeGZLc3Utb3BFdUFQdkctM0hlLVMzaHQyVTU0Z0ZZdDMxVVZGWW5HTFJ6U3FjLXM5bVJJRU9md2pTbTAxdU5uV1VESVk5YWZhVThSQllLSkVTUHA4M3hoN2N6WVdGUy12My1VcDR2RGxqVzV0cTFSMUc2VHZjMk5jSXhUQzRvcFU4?oc=5) · Buffalo Rising
- 2026-04-27 [BreadHive Bakery hits profit milestone after decade in business - The Business Journals](https://news.google.com/rss/articles/CBMinwFBVV95cUxNcllkeUNpUG5RRXNSQTR3RmRCb01WMEVwamc3MVRtV3dYd2tubVRMRVVxbklhRW94ZnJPWng4NzhlU1JTRHppdXRzdHFGMlJDSWRpNHBEUGkxUm9PZE1WVjYwdVhkTU15Qk16NEVVTm95eW9KSmlSNXpwbDVvYjdEV2pqaHlXQTUxUHRraWxNRmdzMUlOYlMzeFV3V3B0d00?oc=5) · The Business Journals
- 2022-08-18 [Bailout List: Banks, Auto Companies, and More | Eye on the Bailout - ProPublica](https://news.google.com/rss/articles/CBMiV0FVX3lxTE9yUjlLUHlRTkFPekMwR3J1MXFxS2o0OWc3cTFybnY2U1ZhZ1BkTVRweEE5bXJuWnVSTTRxWk1malZlQ2dPUVpHSTk0OTZfNUg3aGpUVVJrbw?oc=5) · ProPublica

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=23495 (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/7.json (key "23495", 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=23495
- 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