# CIVIC
RALEIGH, NC · NCUA charter 24003 · asset band $1-10B · latest filing 2026-03 · live
Share link (named URL with a preview card): https://getbookiq.com/cu/civic-24003

Who the members are: federal charter, multiple common bond, organized 1983, low-income designated. 349,847 members of 500,000 potential (70.0% of the field); checking penetration 52% (share draft accounts per 100 members); loans per 100 members 35.

**Verdict on the desk:** this could be *stressed*. Composite score 15 of 18 (one point per flag across 17 flags, capital below 7% counted twice).

## What the filing shows

| Measure | Value |
|---|---|
| Total assets | $3.19B |
| Members | 349,847 (-13.6% YoY) |
| Full-time staff | 491 |
| Net worth | $213.7M |
| Net worth ratio | 6.7% (p0 of band) |
| ROA (annualized) | -2.73% (p0 of band) |
| Total delinquency | 5.04% (p100 of band) |
| Net charge-offs (annualized) | 2.46% (p99 of band) |
| Loans / shares | 106% (p96 of band) |
| Cash / assets | 2.3% |
| Borrowings / assets | 10.11% |
| Net interest margin | 2.47% (p9 of band) |
| Operating expense / assets | 4.74% (p98 of band) |
| Vehicles % of loans | 12% (p15 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 0% |
| Third-party paper % of net worth | 0% (p3 of band) |
| Vehicle delinquency | 6.07% (p100 of band) |
| Vehicle NCO | 9.21% (p100 of band) |
| Repossessed % of vehicle book | 0.27% (p89 of band) |
| Real estate % of loans | 67% |
| Credit cards % of loans | 4% |
| Unsecured % of loans | 13% |
| Commercial % of net worth | 98% |
| Core shares % of member funds | 29% |
| Certificates % of member funds | 40% |
| Average share balance | $4,718 |
| Participations bought / yr | $0 |
| Participations sold / yr | $0 |
| Participations outstanding | $7.0M |
| Loans outstanding per 100 members | 35% |
| Loans granted per 100 members, annualized | 2% |
| Average loan balance | $23,153 |
| Loans granted, annualized | $191.1M |

## Participation posture (from the same filings)

Bought $0 and sold $0 in the latest annualized quarter; $7.0M outstanding purchased (3.3% of net worth), $6.4M sold and retained. Sold in 1 and bought in 2 of the last 8 quarters. Shares -24.4% year over year.

## 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`)
- **delinquency rising** (`aq_dq_rising`)
- **charge-offs p90** (`aq_nco_high`)
- **assets shrinking** (`shrink_assets`)
- **members leaving** (`shrink_members`)
- **loan book shrinking** (`shrink_loans`)
- **loans>95% of shares** (`str_ltos`)
- **leaning on borrowings** (`str_borrowings`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 1 | delinquency 2x band |  |
| 2016-06 | 1 |  |  |
| 2016-09 | 1 |  |  |
| 2016-12 | 1 |  |  |
| 2017-03 | 3 | thin capital, charge-offs p90 |  |
| 2017-06 | 3 |  |  |
| 2017-09 | 2 |  | thin capital |
| 2017-12 | 3 | expense trap |  |
| 2018-03 | 2 |  | expense trap |
| 2018-06 | 2 |  |  |
| 2018-09 | 3 | expense trap |  |
| 2018-12 | 4 | loans>95% of shares |  |
| 2019-03 | 3 |  | loans>95% of shares |
| 2019-06 | 3 |  |  |
| 2019-09 | 3 |  |  |
| 2019-12 | 3 |  |  |
| 2020-03 | 3 |  |  |
| 2020-06 | 5 | thin capital, net worth falling |  |
| 2020-09 | 4 |  | net worth falling |
| 2020-12 | 3 | margin squeeze | charge-offs p90, expense trap |
| 2021-03 | 5 | net worth falling, expense trap, charge-offs p90 | margin squeeze |
| 2021-06 | 2 |  | net worth falling, expense trap, charge-offs p90 |
| 2021-09 | 3 | charge-offs p90 |  |
| 2021-12 | 2 |  | charge-offs p90 |
| 2022-03 | 3 | charge-offs p90 |  |
| 2022-06 | 5 | expense trap, delinquency rising, loans>95% of shares | thin capital |
| 2022-09 | 4 |  | expense trap |
| 2022-12 | 6 | net worth falling, leaning on borrowings |  |
| 2023-03 | 7 | losing money |  |
| 2023-06 | 7 | expense trap | delinquency rising |
| 2023-09 | 7 |  |  |
| 2023-12 | 7 |  |  |
| 2024-03 | 8 | thin capital, delinquency rising | expense trap |
| 2024-06 | 4 | expense trap | net worth falling, leaning on borrowings, losing money, thin capital, delinquency rising |
| 2024-09 | 4 |  |  |
| 2024-12 | 5 | losing money |  |
| 2025-03 | 7 | thin capital, assets shrinking |  |
| 2025-06 | 9 | delinquency rising, members leaving, leaning on borrowings | thin capital |
| 2025-09 | 11 | thin capital, loan book shrinking |  |
| 2025-12 | 12 | net worth falling |  |
| 2026-03 | 15 | capital below 7%, margin squeeze |  |

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

- 2026-08-06 [Civic credit union posts $47M first-half loss; reduces delinquencies - Business North Carolina](https://news.google.com/rss/articles/CBMifEFVX3lxTE5raDV0cTZudF9EMFlHVFJkWXhpYjBFSVNlQkFCZFpZQm5sdWhxSWJaeW5USnZIQW4tcm5wd3Z4THU0YmRTSnpROXBnaXItLTdLTk5Ec1pFcXVIdkp0dEpxRVVDQ1Q5NXVOTTlPcGZkUk5ORVdhbmJSb1NyT3I?oc=5) · Business North Carolina
- 2026-08-10 [Civic's Latest Loss Slips it Into 'Undercapitalized' Category - CUTimes](https://news.google.com/rss/articles/CBMimgFBVV95cUxOUHpNZTAxaHh6OWQ1SlJSVUh0YUtrNWtldGFBeFdycWtaZjJoTHJZOW15VWRoZ1FpcmFvX18xT2JEMTNua0dnTnJ6VUtCWXBpWWZnLTJRRVAzUU9JeFBwVDN2bWVXZk5vZW1PdUxaUTQwd0dMN2o3M2tla0dGclp2bmtKWnAyZDJzWWE3aEZCUWc0cVFTQk1FMG5n?oc=5) · CUTimes
- 2026-02-10 [Civic Federal Credit Union loss widens, membership falls - Business North Carolina](https://news.google.com/rss/articles/CBMihgFBVV95cUxNZFQwNV81NHFCZGFva25PREFEWnp5d05ydTF2YWVlZm1mS2VkZmFfT2xmQ21XcnZHZmNMSkduZ1BNUkVMeHZ1TmQ2TlpWaExtNEFvT2Jpb1UwSXlnTE1Zd1FKZnpvM2FTMTJwRXRDN1Z3TG5INUdQTjJhaTBacHNaNFdJbW5Pdw?oc=5) · Business North Carolina
- 2025-12-10 [Data Failures, Delinquencies, And $75M In Losses Push Civic FCU Into Leadership Transition - cutoday.info](https://news.google.com/rss/articles/CBMiwgFBVV95cUxNUEtaNTUwbXFoaTlXaDJiZmRyYXpaT0ZhWmV5UDhSZE1nY2xMUEI1aEpiUTJOVWNKVWdWcmItUENjZkh0QmRheUZJNjFBS3ZRNS1INUZYa1VDY1R6SDZLd0FLUmFoang2RS1RV19tWnFqa291Nk9LcDNyRVVUaTIzQmtLNlhvekQ3Y1o4TDBEdXcwVkhCY2dtQzhJR2dRc3plMm1LLXE3Z2NTM014aFpVTjNGT2tpdDNvTm04ejFFY1RsZw?oc=5) · cutoday.info
- 2025-11-06 [Lincoln County woman says $350 refund got lost in credit union merger - WBTV](https://news.google.com/rss/articles/CBMinwFBVV95cUxOLThXTll3eHVXN2NLb3RTMlNMcnByUFBfUHNpeXI4aUdNMXNKOXZjb18wS3F6NmVRSl9yVllEWTBJOHBkM2RoRHBDay1OT1BxRm1feVFzX085TXVKUDh1TUlNSVdzWmdoZzFWOHZaS0tyY3ZYc2pKZzB6alAzZEN0M0o4TW5tOHc5Z3hUQ3BXMTNjWWZKSURmSWdVM29KVGPSAbMBQVVfeXFMTVZuSVF2S3pqV3dXQ25Nck92U1Z4MWNPbDRoWXBmRW55d0szN1NvSmhYZldDS2w5SmNIZk5BQVFVMFJzVXAtTXBvejg1MkNScm1GVGpDdnRJOE5LR1lLRFptM0xpbFdqb0Fmc0Q5ODc1QjM5Z1hBNHVkN2NiaU9VWmJVRTJJRGFFdFpTQ3VodzgtbjUzRWRTRERJWHpMenFHVmxBeTU4TGpjSGJhT2dIbTBpeDQ?oc=5) · WBTV
- 2025-11-30 [Unanticipated complaints, rising costs and losses engulf a $4 billion N.C. credit union. - Business North Carolina](https://news.google.com/rss/articles/CBMirAFBVV95cUxQN0UyWnVtb2EtaDBDVzFTUGNlTE5FVnEtNU9MQ1g4ZC1hVkZWbEhDR1JqSHlFUDQ3Nm94b1NNUWZnNWdiZDdMNTFQR21HZ25rT3ZDaEU3bjl4NFU3NW14TDZPVXdZWU9meTJXMl9QM3lBUlJwTUU2YkZScXBWOXA0QWdWT1AwZUhpRFNqM21jZ1JHTFRvM2ctSzRzanFLWG9UNDdicVBWd0xNLVZK?oc=5) · Business North Carolina
- 2025-12-01 [Civic FCU Merger Woes Deepen As Losses Mount, Loan Delinquencies Surge - cutoday.info](https://news.google.com/rss/articles/CBMiqgFBVV95cUxNeHB2YjFBdlNjMGYxbW5FbmE2WGpkaC0zS1kxYXBxQndhMGRQYUQ4anRhaGwyM3VIakxVelMwUXl4U2ZOZGdIY052WTFUTktTTFdha3dJNVhtSkliYnFBRFFXY2pzT2Z6OXhTNTBuQnJicks3WWZoeXZySVZXS1BoeEU4eWtnbUVGbkdzNFgzY0JkSDUxNnhXQnpNMmR1MjFzR0U1ZGN0b2Exdw?oc=5) · cutoday.info
- 2025-07-17 [Civic Credit Union CEO responds to customer concerns after transition from Local Government Federal Credit Union - WNCT](https://news.google.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?oc=5) · WNCT

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=24003 (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/3.json (key "24003", 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=24003
- 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