# ASSOCIATES
WINDSOR, CT · NCUA charter 23743 · 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/associates-23743

Who the members are: federal charter, multiple common bond, organized 1981. 573 members of 5,000 potential (11.5% of the field); checking penetration 45% (share draft accounts per 100 members); loans per 100 members 56.

**Verdict on the desk:** this could be *stressed*. Composite score 6 of 18 (one point per flag across 17 flags, capital below 7% counted twice).

## What the filing shows

| Measure | Value |
|---|---|
| Total assets | $4.0M |
| Members | 573 (-42.0% YoY) |
| Full-time staff | 3 |
| Net worth | $858,812 |
| Net worth ratio | 21.3% (p85 of band) |
| ROA (annualized) | -6.28% (p0 of band) |
| Total delinquency | 1.24% (p61 of band) |
| Net charge-offs (annualized) | 0.04% (p27 of band) |
| Loans / shares | 115% (p99 of band) |
| Cash / assets | 5.4% |
| Borrowings / assets | 0.00% |
| Net interest margin | 5.01% (p91 of band) |
| Operating expense / assets | 12.33% (p100 of band) |
| Vehicles % of loans | 39% (p28 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 0% |
| Third-party paper % of net worth | 0% (p45 of band) |
| Vehicle delinquency | 1.85% (p77 of band) |
| Vehicle NCO | 0.35% (p66 of band) |
| Repossessed % of vehicle book | 0.00% (p44 of band) |
| Real estate % of loans | 51% |
| Credit cards % of loans | 6% |
| Unsecured % of loans | 10% |
| Commercial % of net worth | 0% |
| Core shares % of member funds | 74% |
| Certificates % of member funds | 6% |
| Average share balance | $3,024 |
| Participations bought / yr | $0 |
| Participations sold / yr | $0 |
| Participations outstanding | – |
| Loans outstanding per 100 members | 56% |
| Loans granted per 100 members, annualized | 6% |
| Average loan balance | $11,471 |
| Loans granted, annualized | $681,798 |

## Flags firing in the latest filing

- **losing money** (`earn_negative`)
- **expense trap** (`earn_opex`)
- **delinquency rising** (`aq_dq_rising`)
- **assets shrinking** (`shrink_assets`)
- **members leaving** (`shrink_members`)
- **loans>95% of shares** (`str_ltos`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 1 | losing money |  |
| 2016-06 | 1 |  |  |
| 2016-09 | 2 | net worth falling |  |
| 2016-12 | 1 |  | net worth falling |
| 2017-03 | 1 | members leaving | losing money |
| 2017-06 | 0 |  | members leaving |
| 2017-09 | 1 | losing money |  |
| 2017-12 | 1 | members leaving | losing money |
| 2018-03 | 2 | losing money, assets shrinking | members leaving |
| 2018-06 | 4 | net worth falling, members leaving |  |
| 2018-09 | 5 | delinquency rising, loans>95% of shares | net worth falling |
| 2018-12 | 6 | expense trap |  |

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

- 2024-05-01 [Callahan & Associates acquires CU Strategic Planning - Consulting.us](https://news.google.com/rss/articles/CBMikAFBVV95cUxNYlZMbVZ2dDdJdHEyc215RXgxQnlHTU9xRVpoWHlJNTlhbnNES0dBVFBDbmtHazh5UnBhNUtWcXdWU0NfV1k0NXJzdzhreTgxaUNhQXZwRmhhVFFzekNBVXJhZEx1MDZuRi1QQXo2aUlIQ0E3NEw2S1lyQ3RlVHdrX1dXZW9EQjRmcVZoRU1teEbSAZYBQVVfeXFMUHpjeDcxQUJMcEROblV0dkh6bng3ekF4SkVKcnhJZHZtdzJvc0VyQm1Ha1RTdkczSlpfenlWSTB6T08yc1Q4RGN0UDVNTnFRLUJwbmJES1RPdjhnSjQ3YjM1bXdxclBFMzNLYUJIZF96cEIybVB3S01IOTR2akVaQ29tczNqcGdJYUJjSXNsWl92Nm40dG5B?oc=5) · Consulting.us
- 2022-08-10 [Jack Henry & Associates buys Payrailz - Payments Dive](https://news.google.com/rss/articles/CBMiogFBVV95cUxOU3k0LWxkeVFCMnN3ZEFYY1RvX3JZZDZTNThWQzJfN1lwVXhuN0V0N2V3RW95TU9QVmdsd2p0YURmMEkyMEJEeThZeWNOd1VNSFkwV0ZHcHAtMUJFaDlDQUw1YUZnVUJ5ZlluTE9IWXg1dk82bXlsaVdkRy1jdE9qQXRmX0FvMG12aXY2c0c2bjM1ekdPNEUtNEJSSFM0RHZsd2c?oc=5) · Payments Dive
- 2022-11-18 [Chip Filson: Is credit union merger the end of a movement? - vtdigger.org](https://news.google.com/rss/articles/CBMikwFBVV95cUxPU2dwc0wzbEF2SXRLeGJja0xtdDVEVW5EamlLUTBzRUlCZzJhMDlxbHhUTDhrOVd3WHI3SjNMUm96Z04wRGFadUt3eGJRbXk2d1VvV25uVmNCb2gtVUwxZXdFd3k0VDk3UWF6c0U1bGhZVU5tbDI3cW5jUjdXWDVUN0ExQWJxaXUtd0ZrcnhIcW9VRG8?oc=5) · vtdigger.org
- 2020-12-05 [Truity Credit Union names senior vice presidents - examiner-enterprise.com](https://news.google.com/rss/articles/CBMivwFBVV95cUxOY2poaUZTRFRfZnBRMWM3Y2RLX1Uzc1V4dUs4VWhUa0h6WFFld0k2aVZUaDNEYXhzajkxSjlkVExsQnUydkZUdWNwTHhzWnFJcTg2ZHJXNUFxbUs3UW9jbldHTURVbjFNR0EySl9uYmE4V3JFdnVnMmwxbjRtM2hpUzBIOGlNVmxVUFRRSUFZTjZPVmVlU0hYUnJqa2NzY0lTeFVFMm5WWTV2U2ZaUDUwXy1OVW13Vkl2c3BiUGtVMA?oc=5) · examiner-enterprise.com
- 2025-09-22 [Developers seek zoning change for MassMutual campus redevelopment in Enfield - Hartford Business Journal](https://news.google.com/rss/articles/CBMitAFBVV95cUxQUWFRSVFhMm1taS1SRzY2a3dHSjNER2ZCQTdFTnZIQ0twSEw5dlAyQ0prS3NUc0JVMC1YRGFGVG50NHVpd2RtVkswMnhGZDNTRENaSmJnNkpxdlp2bFdaek81RkJnYTQ1MUdIaG5ZeWhuYXBMTXRfTDRJVlZZTC1xSHg1OXpfX090TDdncVdjdGdSSUtKVlRrVHY4UUxwWFZ4emwza2ZCbHNHb0xzT202RktXTmw?oc=5) · Hartford Business Journal
- 2025-10-31 [$33.8M Keenan & Associates data breach class action settlement - Top Class Actions](https://news.google.com/rss/articles/CBMizgFBVV95cUxONUtFbjJHMGoydFl1QXJGbW9oSmg5T3JsYXVlWWdjMjVDYkNfb3k5bTg3UVBQWExjSXdPOUdmTVpIT0FKRUREYjhUX3ZHdkFESDRzWmF3TGRWNVVRTmNFbUxNc1djVjVLcTg5SDBmZ0hjaGFwOXZtbDEwZWRkNWpsazNjSmViZUhpN19GOGg4X19XZU5aTnV6ekhUcElPMkM4SWxRTlhZQnBTMTAxMkYzUTNsZW9fdWE1eG5tY1htUVB5VjdWamh5VmMxNGo0QQ?oc=5) · Top Class Actions
- 2017-01-27 [Navy Federal investing in Pensacola IT talent - Pensacola News Journal](https://news.google.com/rss/articles/CBMiowFBVV95cUxOQjV0MmdzUVNGdEt3UEM5NjVfQU5OTEFhV1pmM013WTlnbnVVWThnbi1pMVFqazJHUFBpeGhaajgyMTBPRWUtU0xOZGV3bE82LWw1dl81TFg1Qm1PZzlDUlFma3RuclVzOVNqSFdjZFQteXNpQ0swRVpxcnpoVnFCcS1JeVVuV3ZyMnZJb0lNd2k2MTJONXU3NmJubzl0bWR2M1FR?oc=5) · Pensacola News Journal
- 2022-04-05 [Members 1st moves into its new 172,000-square-foot headquarters - PennLive.com](https://news.google.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?oc=5) · PennLive.com

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=23743 (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/63.json (key "23743", 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=23743
- 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