# I-C
FITCHBURG, MA · NCUA charter 24250 · asset band $500M-1B · latest filing 2026-03 · live
Share link (named URL with a preview card): https://getbookiq.com/cu/i-c-24250

Who the members are: federal charter, community charter, organized 1934, low-income designated. 36,874 members of 3,919,256 potential (0.9% of the field); checking penetration 55% (share draft accounts per 100 members); loans per 100 members 53.

**Verdict on the desk:** this could be *indirect buyer*. Composite score 4 of 18 (one point per flag across 17 flags, capital below 7% counted twice).

## What the filing shows

| Measure | Value |
|---|---|
| Total assets | $547.3M |
| Members | 36,874 (2.3% YoY) |
| Full-time staff | 100 |
| Net worth | $48.5M |
| Net worth ratio | 8.9% (p18 of band) |
| ROA (annualized) | -0.21% (p4 of band) |
| Total delinquency | 0.99% (p78 of band) |
| Net charge-offs (annualized) | 0.54% (p61 of band) |
| Loans / shares | 83% (p53 of band) |
| Cash / assets | 7.8% |
| Borrowings / assets | 0.91% |
| Net interest margin | 3.04% (p23 of band) |
| Operating expense / assets | 3.70% (p58 of band) |
| Vehicles % of loans | 22% (p31 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 64% |
| Third-party paper % of net worth | 153% (p64 of band) |
| Vehicle delinquency | 2.31% (p98 of band) |
| Vehicle NCO | 2.82% (p94 of band) |
| Repossessed % of vehicle book | 0.00% (p18 of band) |
| Real estate % of loans | 59% |
| Credit cards % of loans | 0% |
| Unsecured % of loans | 3% |
| Commercial % of net worth | 103% |
| Core shares % of member funds | 71% |
| Certificates % of member funds | 21% |
| Average share balance | $4,873 |
| Participations bought / yr | $28.0M |
| Participations sold / yr | $0 |
| Participations outstanding | $27.7M |
| Loans outstanding per 100 members | 53% |
| Loans granted per 100 members, annualized | 6% |
| Average loan balance | $21,569 |
| Loans granted, annualized | $142.6M |

## Participation posture (from the same filings)

Bought $28.0M and sold $0 in the latest annualized quarter; $27.7M outstanding purchased (57.1% of net worth), $102,798 sold and retained. Sold in 0 and bought in 2 of the last 8 quarters. Shares 2.9% year over year.

## Flags firing in the latest filing

- **thin capital** (`cap_low`)
- **net worth falling** (`cap_falling`)
- **losing money** (`earn_negative`)
- **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 | 4 | delinquency 2x band |  |
| 2016-09 | 4 |  |  |
| 2016-12 | 3 |  | delinquency 2x band |
| 2017-03 | 2 |  | loans>95% of shares |
| 2017-06 | 2 |  |  |
| 2017-09 | 2 |  |  |
| 2017-12 | 3 | loans>95% of shares |  |
| 2018-03 | 3 |  |  |
| 2018-06 | 3 |  |  |
| 2018-09 | 3 |  |  |
| 2018-12 | 3 |  |  |
| 2019-03 | 2 |  | loans>95% of shares |
| 2019-06 | 2 |  |  |
| 2019-09 | 3 | delinquency rising |  |
| 2019-12 | 4 | members leaving |  |
| 2020-03 | 3 |  | members leaving |
| 2020-06 | 1 |  | leaning on borrowings, delinquency rising |
| 2020-09 | 3 | net worth falling, margin squeeze |  |
| 2020-12 | 4 | delinquency 2x band |  |
| 2021-03 | 4 | losing money | margin squeeze |
| 2021-06 | 1 |  | net worth falling, delinquency 2x band, losing money |
| 2021-09 | 2 | delinquency 2x band |  |
| 2021-12 | 2 |  |  |
| 2022-03 | 4 | net worth falling, delinquency rising |  |
| 2022-06 | 6 | loans>95% of shares, leaning on borrowings |  |
| 2022-09 | 6 |  |  |
| 2022-12 | 6 |  |  |
| 2023-03 | 4 |  | net worth falling, delinquency rising |
| 2023-06 | 7 | losing money, delinquency rising, charge-offs p90 |  |
| 2023-09 | 6 | assets shrinking | losing money, charge-offs p90 |
| 2023-12 | 9 | losing money, members leaving, loan book shrinking |  |
| 2024-03 | 9 | net worth falling | loans>95% of shares |
| 2024-06 | 8 |  | net worth falling |
| 2024-09 | 8 | charge-offs p90 | delinquency rising |
| 2024-12 | 9 | net worth falling |  |
| 2025-03 | 5 |  | leaning on borrowings, members leaving, charge-offs p90, net worth falling |
| 2025-06 | 5 |  |  |
| 2025-09 | 4 |  | loan book shrinking |
| 2025-12 | 4 | thin capital, net worth falling | delinquency 2x band, assets shrinking |
| 2026-03 | 4 |  |  |

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

- 2026-06-26 [Chamber names dairy farm co-owner Allie Catlin as chair - The Gardner News](https://news.google.com/rss/articles/CBMi4gFBVV95cUxPdlFiT1VUQnJkSmp2ZS10a0N3VlJPYkd1aWVOQ0w2UkR4TE9TOVZRZ3d0WnEwT1haUzIxOGVGSUtVdjJ3a2xTLVVpeERkR2RaZ1JhRGFpRmxJSk03aHE5THh1bUozX3Z3b2U2STZ5UnRsNVFhRDlDWlN4YzRsRHdKSjZORk5XeTRKbThHX2wtTXphUjVuR2dvbUtCMzRqcTc5NFNEY0ZJZkdmUGNweUVmeEEwSnl4UW1leEVnN21DRy1KX0V5eFhHWUhkZnllWWg3cjBjTFY2UXlsWTFSVm5XOEtR?oc=5) · The Gardner News
- 2023-05-29 [Movers & Shakers for May 29, 2023 - Worcester Business Journal](https://news.google.com/rss/articles/CBMibkFVX3lxTE5sQnJOVzZYTFJTQ29iTHpxN3V5ODlhWnU0aE9OZGQ4WHlpcWNmakI1MHJGLTVBMVNfOEpIREdmdGxzY2JsNXROcUo1M2VCY1p4N1JuZUpwOEFibnM5YklBeTVKeEVYRzhXQTVyU1N3?oc=5) · Worcester Business Journal
- 2023-03-31 [Gregory S. Bourekas Obituary May 11, 2018 - Brandon Funeral Home](https://news.google.com/rss/articles/CBMibEFVX3lxTE1adUItaExmbW15eG1NeVB6VnRWSGdzSzJXWHF1UjNWdzRPSWp4Q1JlWnByczZGai1FLTJCbHgyRXdPZUhWTDFDWGdzODNPLUp3Z0lFUVFIeWt1SmtZX010TnhvLWVMZEtjMnVTNA?oc=5) · Brandon Funeral Home
- 2019-01-23 [Shirley M. Carbone Obituary Jan 23, 2019 - Mack Family Funeral Homes](https://news.google.com/rss/articles/CBMiZkFVX3lxTE43S3FlUGNZbl9PdDYxdE9aZzlxOHpnSC1NUGx6ckRFRjZvMDczTXByUzRKQ1Y4R1lIY3owSlZMbXRPdGJta0FKZGNXZUJvTjRVSHhhbkxzZmhNWEctdy1YVXFKdE83QQ?oc=5) · Mack Family Funeral Homes
- 2019-07-19 [Norman R. Cayer - wanderer.com](https://news.google.com/rss/articles/CBMiYEFVX3lxTE1mTy02SWEwb2swUFNSTWt5eXRmU0hPcVNBaERjMWpqRGR4a0hlT0d5TWxiOEFZYkZGbGxhY21Rc1ZaTjF6V3VScGkwdVNJc090cld6VGNTWlIyaGJhVHNFTQ?oc=5) · wanderer.com
- 2024-06-11 [Rachel Croteau Obituary - Fitchburg, MA - sentinelandenterprise.com](https://news.google.com/rss/articles/CBMihgFBVV95cUxNQmpDa0NpY2x5b1V4MTRVbHZ0UFBjd1JBaGdyNmYxakxSekN4UHQ1enhwWmxWUDRVQ0FVRHNjMzUxSWg4ZXVjbmZ0QWh0dnJFazBNejdWbzZEOVdpa2s2S3hzTklXS21RWHBTWmR1NHl1SDFkSEJPVXk0S0VwWHZpNTF3V1g1Zw?oc=5) · sentinelandenterprise.com
- 2021-10-11 [Victor Gervais Obituary (2003) - Fitchburg, MA - Sentinel & Enterprise - Legacy obituary](https://news.google.com/rss/articles/CBMikAFBVV95cUxQU2dLOVF5MlNpcFY5RmxyWEhKWVV4ajdMQU9wOV9HT2VfbENzME1QN2ZzTDFRNHdSb1FzVndJRG83XzRYUVZDWVlXcEdXeVhpX2RjdFB6MWh5T2ZwTE9ISVVzRVE4SllKc0hmeV8xQkVQZUpjVzg1aEJvXzVUOExKMnEwNmJyVnBua3pNMU1ZMVE?oc=5) · Legacy obituary
- 2023-08-23 [North Central chamber graduates 19 from Community Leadership Institute - Worcester Business Journal](https://news.google.com/rss/articles/CBMiowFBVV95cUxNbUVabWJ4TWo1UlhnbWp1NkxRTEtDM3J6OHhtT0F0Q0U1S01XTnlFMmgwNHAwbDJPZ2I1OV96ZnhWMmphbDJGNVR5LWllMkk2UzVtQ0ZOVkc2T25pcm1qTnNjd2l6U1JuQjBSQXlGLU9oR2pvUTFEdE9CcEtWSDdCa3ExSDRKSzZSOFFCY3JOejh1QW82UjJKc2J1MnFXeWMtNnpv?oc=5) · Worcester Business Journal

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=24250 (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/58.json (key "24250", 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=24250
- 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