# ROCKLAND
Rockland, MA · NCUA charter 24224 · asset band $1-10B · latest filing 2026-03 · live
Share link (named URL with a preview card): https://getbookiq.com/cu/rockland-24224

Who the members are: federal charter, multiple common bond, organized 1985. 213,896 members of 3,000,000 potential (7.1% of the field); checking penetration 29% (share draft accounts per 100 members); loans per 100 members 46.

**Verdict on the desk:** this could be *indirect buyer*. Composite score 2 of 18 (one point per flag across 17 flags, capital below 7% counted twice).

## What the filing shows

| Measure | Value |
|---|---|
| Total assets | $3.74B |
| Members | 213,896 (5.5% YoY) |
| Full-time staff | 255 |
| Net worth | $390.4M |
| Net worth ratio | 10.4% (p43 of band) |
| ROA (annualized) | 0.53% (p33 of band) |
| Total delinquency | 0.34% (p20 of band) |
| Net charge-offs (annualized) | 0.13% (p9 of band) |
| Loans / shares | 98% (p84 of band) |
| Cash / assets | 11.8% |
| Borrowings / assets | 1.09% |
| Net interest margin | 2.35% (p7 of band) |
| Operating expense / assets | 1.94% (p5 of band) |
| Vehicles % of loans | 29% (p56 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 87% |
| Third-party paper % of net worth | 226% (p71 of band) |
| Vehicle delinquency | 0.39% (p26 of band) |
| Vehicle NCO | 0.48% (p16 of band) |
| Repossessed % of vehicle book | 0.19% (p82 of band) |
| Real estate % of loans | 44% |
| Credit cards % of loans | 0% |
| Unsecured % of loans | 1% |
| Commercial % of net worth | 88% |
| Core shares % of member funds | 38% |
| Certificates % of member funds | 38% |
| Average share balance | $12,113 |
| Participations bought / yr | $130.1M |
| Participations sold / yr | $0 |
| Participations outstanding | $239.0M |
| Loans outstanding per 100 members | 46% |
| Loans granted per 100 members, annualized | 9% |
| Average loan balance | $32,651 |
| Loans granted, annualized | $787.3M |

## Participation posture (from the same filings)

Bought $130.1M and sold $0 in the latest annualized quarter; $239.0M outstanding purchased (61.2% of net worth), $1.7M sold and retained. Sold in 0 and bought in 6 of the last 8 quarters. Shares 13.2% year over year.

## Flags firing in the latest filing

- **loans>95% of shares** (`str_ltos`)
- **3rd-party paper>100% NW** (`str_thirdparty`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 3 | loans>95% of shares, leaning on borrowings, 3rd-party paper>100% NW |  |
| 2016-06 | 3 |  |  |
| 2016-09 | 3 |  |  |
| 2016-12 | 3 |  |  |
| 2017-03 | 3 |  |  |
| 2017-06 | 3 |  |  |
| 2017-09 | 3 |  |  |
| 2017-12 | 3 |  |  |
| 2018-03 | 3 |  |  |
| 2018-06 | 3 |  |  |
| 2018-09 | 3 |  |  |
| 2018-12 | 3 |  |  |
| 2019-03 | 3 |  |  |
| 2019-06 | 2 |  | leaning on borrowings |
| 2019-09 | 2 |  |  |
| 2019-12 | 3 | delinquency rising |  |
| 2020-03 | 4 | net worth falling |  |
| 2020-06 | 4 |  |  |
| 2020-09 | 2 |  | delinquency rising, net worth falling |
| 2020-12 | 2 |  |  |
| 2021-03 | 3 | net worth falling |  |
| 2021-06 | 2 |  | net worth falling |
| 2021-09 | 2 |  |  |
| 2021-12 | 3 | delinquency rising |  |
| 2022-03 | 2 |  | delinquency rising |
| 2022-06 | 2 |  |  |
| 2022-09 | 3 | members leaving |  |
| 2022-12 | 3 |  |  |
| 2023-03 | 2 |  | members leaving |
| 2023-06 | 3 | members leaving |  |
| 2023-09 | 4 | margin squeeze, delinquency rising | members leaving |
| 2023-12 | 4 | net worth falling | delinquency rising |
| 2024-03 | 3 | members leaving | margin squeeze, net worth falling |
| 2024-06 | 2 |  | members leaving |
| 2024-09 | 4 | net worth falling, delinquency rising |  |
| 2024-12 | 4 |  |  |
| 2025-03 | 3 |  | net worth falling |
| 2025-06 | 2 |  | delinquency rising |
| 2025-09 | 2 |  |  |
| 2025-12 | 2 |  |  |
| 2026-03 | 2 |  |  |

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

- 2026-06-16 [Rockland Federal Credit Union, Soon to Become Arise Financial, Selected as Boston College's First Exclusive Credit Union Partner - Boston College Athletics](https://news.google.com/rss/articles/CBMilAJBVV95cUxQcVhtX3dZNVhhbHN3VjB5TDU0RzdhQ2dxZDh3NG1mdjk4Q0djUmxubnhXX3pNa2lUaW96T1N0Mk53OHRYOGRpd1dsZ2hkS2lqOUxuNWNYTlJfbkFrdFVsdDRZUF9zMjVKeFRuUGdqZG5lRzFJazU3UWMwSzlTcmo3ZkVOM2dyTmVKanBORjI4dFFFUnE1OEtpM2xhV1ZLazViTmp4R1BVbTVrWUJ5bmp1Y3FucTBqa0xlNkFJREt0Xzd1S2xwdGZscHFPYVhiTzlmYjNoczJyUnF5WEJMeVI5dmJmSDYwaDFxTmc0SmdXWGRGSmNJMFJ1aG9IZk5BVDRfcFBMR0hKTUY3VHNlU25pbzIzZHo?oc=5) · Boston College Athletics
- 2026-06-03 [Second-largest Massachusetts credit union rebrands as it prepares to grow beyond South Shore - The Business Journals](https://news.google.com/rss/articles/CBMiogFBVV95cUxOMkV6aWt5RU41eXZEV0FVM2t4MndEVFlEZ1BPNFZ4aElLQWxYQTQycWt3NktKOWJuM0hsQWhHSnNHUERQUnU4V09xQVhaWTM4T2JpRTZPYTlsc1BiSE12TUdrWWVhc3FPZFlWbzJVNC1ZQjBSZll4TlMzYlY0dWQ0Q0tXaVBGbWF4MVpEbGdkcmVDMlRlM21mRjd5VDBZb0pla1E?oc=5) · The Business Journals
- 2026-02-22 [Credit union merger finalized - Itemlive](https://news.google.com/rss/articles/CBMib0FVX3lxTE1jOVlRU1M5WDdmY25lY0o0Nmt4OE9iRGRoc0QxU1pLaWlfQnhFUmFVVXdHdGI5ZHVvaFRXZE4xbG9JNjVqa0daR3BIWjhNdWJUMzBzUmdtTjk2SmEzZ01zTlBUWEtDU0xCTmsxMUtNYw?oc=5) · Itemlive
- 2026-02-05 [Two Massachusetts credit unions to merge into $2.3B institution - The Business Journals](https://news.google.com/rss/articles/CBMipwFBVV95cUxQeXk0dDhwU2ItVXB3NHJLWmFBZzBMSDlTcHdPdE1Obm9jeDZiVTFMVjE2Umgtd0RWS1BhVFlucGpDR2FlZmFSMXVyTWlqcTdGSllqMkI4XzNpUmVTUU5PSUo4VFlJUVhOcE1lc1dGZlhyc3l1cldJeGp2bG5sSmlOX3EyS0lxdDJGOWd6X1JZVHoyM0N2M1NETGNHTm45SW9GY0h0ZnlCbw?oc=5) · The Business Journals
- 2026-04-07 [Brockton announces $200K for first-time homebuyer assistance - Enterprise News](https://news.google.com/rss/articles/CBMixAFBVV95cUxPRy1tR2dVNWNRczE0WUNhOHpudHY5eFJxOGtKUjRuUXlCaE1reldvUTcwUWJxT1djaDhsUXBsQTR4RTQzZkd3bGtBMVEyZ2lpQ205X0UtVW95UGp1a19xc1dMWHBtODNkaTg5YjQxM3lhTEVCT01UQlhCVmdwZ0tGYlNmdEo0RzVOVWI5Nm1UWHVWRWVsX0NuaXpOeS1iWnBnRURLV1lxeEZibUl1cFlxX0REUUF6VVNlX3FTb0ZzUlpBWXZv?oc=5) · Enterprise News
- 2026-04-15 [Christopher Zawadzki Obituary - Hanover, MA - Dignity Memorial](https://news.google.com/rss/articles/CBMiiwFBVV95cUxPdmNrbHZTN2haVy15bTBVemtweUcxVXNVbGRzeE9raUp3Tkc2WmNhLXJLd0ROcC1ZZFpwb0N0UF8tNEhnV3REZDE1S0xFY0wwUkw0d3JrY3ZjRzNLU0NaVmIxazRIdEE4SXVWV0tKLThkcm1uMzZsQlpPU3FMbk5waUpRNHdHYV91Tk5r?oc=5) · Dignity Memorial
- 2025-10-30 [David Jerome Chase Obituary - Foster's Daily Democrat](https://news.google.com/rss/articles/CBMiWkFVX3lxTE5fUVlOWUZzTm1HdWdmVzczN1B0WFFVSzNkWU5pbEI0Y2NCSGhGT1ljMk9SX0ZwdlM2Z2VpeTloTk9PY084RFh6a0V2OGJDeVpSY2pGdlFuZWlXQQ?oc=5) · Foster's Daily Democrat
- 2025-04-28 [Top banks and credit unions in Massachusetts revealed for 2025 - businessinsider.com](https://news.google.com/rss/articles/CBMimwFBVV95cUxQSkpLOG1xWW40SzM4a3ljMGtCMDM5U24tSS1pRnl4bFVvRDJoWV9zc2VmZldQYmNaeU0wanhvY1dyb245MWRuT2VlcF9Sc0pvY3FpWEVIbmRCZElqOEVsV19BU3dsanBkd2gwWHpGQzc4dWpvVmhtNWtIZWFkaGhscXNncnROazMtR2EwcWtWcGdTdWh0WmNBMkZuWQ?oc=5) · businessinsider.com

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=24224 (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/32.json (key "24224", 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=24224
- 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