# WJC
DAMASCUS, VA · NCUA charter 23938 · asset band <$50M · latest filing 2020-09 · stopped filing after 2020-09 (departed; for a credit union that is almost always a merger)
Share link (named URL with a preview card): https://getbookiq.com/cu/wjc-23938

Who the members are: federal charter, community charter, organized 1982, low-income designated. 1,193 members of 79,000 potential (1.5% of the field); checking penetration 0% (share draft accounts per 100 members); loans per 100 members 51.

**Verdict on the desk:** this could be *stressed*. Composite score 12 of 18 (one point per flag across 17 flags, capital below 7% counted twice).

## What the filing shows

| Measure | Value |
|---|---|
| Total assets | $5.3M |
| Members | 1,193 (3.0% YoY) |
| Full-time staff | 4 |
| Net worth | $145,121 |
| Net worth ratio | 2.7% (p0 of band) |
| ROA (annualized) | -4.52% (p1 of band) |
| Total delinquency | 13.78% (p98 of band) |
| Net charge-offs (annualized) | 5.85% (p99 of band) |
| Loans / shares | 81% (p88 of band) |
| Cash / assets | 11.1% |
| Borrowings / assets | 0.00% |
| Net interest margin | 6.15% (p99 of band) |
| Operating expense / assets | 7.93% (p98 of band) |
| Vehicles % of loans | 50% (p38 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 0% |
| Third-party paper % of net worth | 0% (p45 of band) |
| Vehicle delinquency | 16.38% (p99 of band) |
| Vehicle NCO | 3.22% (p97 of band) |
| Repossessed % of vehicle book | 0.92% (p98 of band) |
| Real estate % of loans | 0% |
| Credit cards % of loans | 0% |
| Unsecured % of loans | 37% |
| Commercial % of net worth | 0% |
| Core shares % of member funds | 55% |
| Certificates % of member funds | 40% |
| Average share balance | $8,859 |
| Participations bought / yr | $0 |
| Participations sold / yr | $0 |
| Participations outstanding | – |
| Loans outstanding per 100 members | 51% |
| Loans granted per 100 members, annualized | 21% |
| Average loan balance | $6,937 |
| Loans granted, annualized | $1.4M |

## Flags firing in the latest filing

- **thin capital** (`cap_low`)
- **capital below 7%** (`cap_critical`)
- **net worth falling** (`cap_falling`)
- **losing money** (`earn_negative`)
- **expense trap** (`earn_opex`)
- **margin squeeze** (`earn_nim_squeeze`)
- **delinquency 2x band** (`aq_dq_high`)
- **charge-offs p90** (`aq_nco_high`)
- **repo signal** (`aq_repo`)
- **assets shrinking** (`shrink_assets`)
- **loan book shrinking** (`shrink_loans`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 3 | thin capital, delinquency 2x band, repo signal |  |
| 2016-06 | 3 | charge-offs p90 | repo signal |
| 2016-09 | 3 |  |  |
| 2016-12 | 1 |  | thin capital, charge-offs p90 |
| 2017-03 | 2 | expense trap |  |
| 2017-06 | 4 | delinquency rising, loans>95% of shares |  |
| 2017-09 | 4 |  |  |
| 2017-12 | 4 |  |  |
| 2018-03 | 3 |  | delinquency rising |
| 2018-06 | 3 |  |  |
| 2018-09 | 6 | thin capital, net worth falling, leaning on borrowings |  |
| 2018-12 | 6 |  |  |
| 2019-03 | 7 | margin squeeze, delinquency rising, repo signal | loans>95% of shares, leaning on borrowings |
| 2019-06 | 5 | losing money | net worth falling, delinquency rising, repo signal |
| 2019-09 | 7 | capital below 7%, repo signal | margin squeeze |
| 2019-12 | 9 | net worth falling, delinquency rising |  |
| 2020-03 | 10 | charge-offs p90, assets shrinking | delinquency rising |
| 2020-06 | 11 | margin squeeze, loan book shrinking | assets shrinking |
| 2020-09 | 12 | assets shrinking |  |

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

- 2020-11-13 [Truliant adds to Virginia footprint with merger - American Banker](https://news.google.com/rss/articles/CBMilAFBVV95cUxOX1RWUUZGVDd5dGJDdVJfdUp5YXdJSmFySlRQalJla1dtLTlSMlotX05uS18tWXZaUXljMHFIMlBNbDJ1UGNiN3ZfRmY2S0kyeGxkOVh4TFRaU1Y5a0p6M2hvNVZyRFVEck9mNFQxTWJWUG9laVRuVEg2NndnS29GREo4RjNyeDlqNFd6dnpvSjlHdmpV?oc=5) · American Banker

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=23938 (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/2.json (key "23938", 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=23938
- 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