# LINK
Indianapolis, IN · NCUA charter 23975 · asset band <$50M · latest filing 2023-09 · stopped filing after 2023-09 (departed; for a credit union that is almost always a merger)
Share link (named URL with a preview card): https://getbookiq.com/cu/link-23975

Who the members are: federal charter, multiple common bond, organized 1983, low-income designated. 2,536 members of 446,096 potential (0.6% of the field); checking penetration 47% (share draft accounts per 100 members); loans per 100 members 52.

**Verdict on the desk:** this could be *ordinary*. Composite score 3 of 18 (one point per flag across 17 flags, capital below 7% counted twice).

## What the filing shows

| Measure | Value |
|---|---|
| Total assets | $19.1M |
| Members | 2,536 (-6.6% YoY) |
| Full-time staff | 5 |
| Net worth | $1.7M |
| Net worth ratio | 9.2% (p16 of band) |
| ROA (annualized) | 0.44% (p40 of band) |
| Total delinquency | 0.51% (p48 of band) |
| Net charge-offs (annualized) | -3.58% (p0 of band) |
| Loans / shares | 24% (p8 of band) |
| Cash / assets | 69.9% |
| Borrowings / assets | 0.00% |
| Net interest margin | 3.76% (p64 of band) |
| Operating expense / assets | 4.20% (p75 of band) |
| Vehicles % of loans | 49% (p32 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 24% |
| Third-party paper % of net worth | 27% (p91 of band) |
| Vehicle delinquency | 0.69% (p60 of band) |
| Vehicle NCO | 2.14% (p97 of band) |
| Repossessed % of vehicle book | 0.00% (p46 of band) |
| Real estate % of loans | 12% |
| Credit cards % of loans | 12% |
| Unsecured % of loans | 35% |
| Commercial % of net worth | 0% |
| Core shares % of member funds | 80% |
| Certificates % of member funds | 0% |
| Average share balance | $3,947 |
| Participations bought / yr | $0 |
| Participations sold / yr | $0 |
| Participations outstanding | – |
| Loans outstanding per 100 members | 52% |
| Loans granted per 100 members, annualized | 1% |
| Average loan balance | $3,018 |
| Loans granted, annualized | $701,437 |

## Flags firing in the latest filing

- **assets shrinking** (`shrink_assets`)
- **members leaving** (`shrink_members`)
- **loan book shrinking** (`shrink_loans`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 4 | thin capital, losing money, delinquency 2x band, 3rd-party paper>100% NW |  |
| 2016-06 | 5 | charge-offs p90 |  |
| 2016-09 | 7 | net worth falling, expense trap |  |
| 2016-12 | 7 |  |  |
| 2017-03 | 5 | assets shrinking | charge-offs p90, net worth falling, expense trap |
| 2017-06 | 5 | charge-offs p90 | delinquency 2x band |
| 2017-09 | 9 | capital below 7%, delinquency 2x band, loan book shrinking |  |
| 2017-12 | 9 | net worth falling | delinquency 2x band |
| 2018-03 | 6 |  | losing money, assets shrinking, charge-offs p90 |
| 2018-06 | 6 | margin squeeze | loan book shrinking |
| 2018-09 | 4 |  | net worth falling, margin squeeze |
| 2018-12 | 5 | delinquency rising |  |
| 2019-03 | 8 | losing money, charge-offs p90, repo signal, auto monoline | delinquency rising |
| 2019-06 | 10 | net worth falling, delinquency rising |  |
| 2019-09 | 10 | assets shrinking | net worth falling |
| 2019-12 | 9 | members leaving | delinquency rising, assets shrinking |
| 2020-03 | 9 | assets shrinking, loan book shrinking | losing money, repo signal |
| 2020-06 | 8 | margin squeeze | charge-offs p90, assets shrinking |
| 2020-09 | 7 |  | auto monoline |
| 2020-12 | 6 |  | members leaving |
| 2021-03 | 9 | delinquency rising, charge-offs p90, members leaving |  |
| 2021-06 | 9 |  |  |
| 2021-09 | 9 |  |  |
| 2021-12 | 9 |  |  |
| 2022-03 | 6 |  | capital below 7%, delinquency rising |
| 2022-06 | 6 | delinquency 2x band, delinquency rising | margin squeeze, charge-offs p90 |
| 2022-09 | 7 | assets shrinking |  |
| 2022-12 | 7 | charge-offs p90 | 3rd-party paper>100% NW |
| 2023-03 | 9 | net worth falling, losing money, expense trap | members leaving |
| 2023-06 | 7 | members leaving | delinquency rising, net worth falling, expense trap |
| 2023-09 | 3 |  | thin capital, delinquency 2x band, charge-offs p90, losing money |

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

- 2026-09-01 [Best Credit Unions of 2026 - Forbes](https://news.google.com/rss/articles/CBMiakFVX3lxTFBOaDBEWE9fLUJGRTZsVUVkSUpuS2hYVDFJdTVveUd3Z1YyY043ZXVuQWQwbXpTUlh0Q2FIZUxfTnFzNWUwSlpuS2Vrby16ZXIzNmdtbVdmRVdwQlVkZ01JUkZmN2tFQ1E3Y3c?oc=5) · Forbes
- 2026-04-10 [Cybersecurity and Credit Union System Resilience Annual Report to Congress - NCUA (.gov)](https://news.google.com/rss/articles/CBMixwFBVV95cUxOUF9lWkw3cnBhWGZDTkdlekVZRU1CRHdoMF8yWjQyS1ZkNE5zVDUxZlhoMmM1OUlrYkdYeUNvd2VLVnluQWFadEd1bUcxX0RmemY0R2tLMkx0cFdIRDlybmZEZnJRd2c2c1NKU0NrbnkwMkthRm9tbHB6Q1ZKRWtTSklmdlJIYkdkLXdzVWJfTmljenRmSktKSUpfZmNGdGFoREpwYUx3MloxTTljaHZDRi1OeGxGazRXMTNYYlBfSFBlUmxYUldz?oc=5) · NCUA (.gov)
- 2024-01-24 [8 more credit unions now use Auto Link’s white-label marketing tool - Auto Remarketing](https://news.google.com/rss/articles/CBMitAFBVV95cUxPMUxDeWZKcG1BSk9OLWFmUl9aZnJvRjktRHZ3V2RVZlgxQ0tLZjNWRGU1UzhSQXNkLUplazZIQklvUEZ1bVZNRGg2cW83TEZwejdlUmMtRzQzM1ZIRFJEYU12Qk5Ibi1sbHc4LUx1eU1GUVJ6NndTbjY3WldTdmY1ZFFoNDAtQUJfRnlVa1NUdEpoOWltQldZTk54WUlHXzNtNFpoR2lROUlNRW4wcS1WVXA0OHo?oc=5) · Auto Remarketing
- 2025-11-23 [Lowell woman arrested at Gardner credit union for trying to cash fake $3.6k check says she was recruited on Instagram - News Link Live](https://news.google.com/rss/articles/CBMi6AFBVV95cUxNRkVmWUgwbHZ6d1VFT2dUaXZOZHRoQUtqQ0s2dUVtMkRsVVhXcXRNYWgxRVVXQ0R1blVFVFdqN3RkYzQteGMtdVFWT0ZjREkwX01kVjRvdmhMTmQ4X2NXWjB2VTZXWFNXLU9iUUsxMF9vc1pOTGVCRm5ESU5oOWhIZDFpOHBOWjVSTFZCZUxnUXRTdEFaNGV1QUpnVGR0S0pJTDNyMGZIMHhKWVUxdTgxSHNwYVlnQlcyMTluNl9CYXJCcVJvaGFpR3lzcDBzV1FFTnJTNkUzU3RCVXdsN1ZxdmFQLUlmTFRO?oc=5) · News Link Live
- 2024-01-30 [After 90 Years, It Is Time to Wean Credit Unions off Taxpayer Subsidies - Tax Foundation](https://news.google.com/rss/articles/CBMif0FVX3lxTFBLc3h1a0cxNk1TWV9IbHdTMDVyTk9XVWtXcVRxcEU4YXpMUmVIeVpGc2gwZWtYa09pQTJsNi10RDg0OGpPZzh5Z29DM1VmVlFUN0ZKRnpzU0JDUXhGbWh6VzV4QVV4QUFFNmd6ZEViOVdGQ2UtM0lCX2REN2pQVDA?oc=5) · Tax Foundation
- 2023-06-07 [New Mexico credit union to buy Western Heritage Bank - Banking Dive](https://news.google.com/rss/articles/CBMiswFBVV95cUxNYl91WUg1eE9kczM1U2pzU2RwUGdXYS0zdXNSMjhhN0ltSzgwQ0IzNm5ob3FFd0NfRm5oSUtyd1pfSXhMa1FLNWhydHZqLWVnSWhTQmFHUVItMUhYVHV4aG9fZmk0MmtyaXlRa05CLWRqSnVMdTA3Q2h1Y1oyTDNCSUlWTFdRQmVDVEFoN0g1N0FPRkpFSXNWdVhWZFRBdDY1a0o2aU5QVjFNVjNSVGtPQ3JGaw?oc=5) · Banking Dive
- 2023-11-16 [Merger Update Part III: Lost Sponsors, Legacy Systems and a $1 Million Payout to 5 Top Execs - cutoday.info](https://news.google.com/rss/articles/CBMixAFBVV95cUxPc1F2SkFQRTY5Nko3aTc2NEQyT1hMRXJtdVdQU0tjS2JFV1hBb3NEQVNoUk92Nm5VMFZNTFVzZ2JkcFBCQXNvUXQwaDZ2QlRyaE1IdHhHY0dwbFRlNjk3QXZRcUc2NHl0ODJ5ODdGZTBWbjU4Y0EzdGhHYTBRdno0WUF3LV8wemFhRUkzcXhMX1RqbnAtcFdock9kN0IwUk5lT3I4bHdnRzJqU01NV285ZGxhN3F4REtZRVFZRnYxTmw4NC1i?oc=5) · cutoday.info
- 2026-05-22 [Maine banks warn sophisticated banking scam targeting locals - newscentermaine.com](https://news.google.com/rss/articles/CBMikwJBVV95cUxOenFreW1HUzZTZ2NsSU5aYllZNnFyeE9KZ1luQ1JNRk0wbmdsUkpNV2h5bkQyNjJ1UXQ1RXBxLTNJd1cwVHl2cFZJYVh2WDNqTDg4U0Q0azdkNTNUQ2xsRGtvbldDb3RjMHJPekZ3REtBQ1lYaTlqUE0yUmZzckg3aG9pbUo4VXlGWUNnb0FRSE5aWVA2NDVCcmtaZ3VXUkd5VC04bVNaRlhYazZiYzdlbzhxUEtUaVJJX09JQmFJbkdVazZ6MXlKYlJrNVlEUjBuZHNfZFJ5SlA1WnpRWHVYQkpJY05xTlNiMnVLRmtxVFF5ZWVpUUwtdi13NmJTamUwYUhIQUFqZE9QYWY4YVZxQl84QQ?oc=5) · newscentermaine.com

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=23975 (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/39.json (key "23975", 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=23975
- 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