# RTN
WALTHAM, MA · NCUA charter 24311 · asset band $1-10B · latest filing 2023-03 · stopped filing after 2023-03 (departed; for a credit union that is almost always a merger)
Share link (named URL with a preview card): https://getbookiq.com/cu/rtn-24311

Who the members are: federal charter, multiple common bond, organized 1945. 39,866 members of 735,000 potential (5.4% of the field); checking penetration 58% (share draft accounts per 100 members); loans per 100 members 44.

**Verdict on the desk:** this could be *quiet fade*. 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 | $1.02B |
| Members | 39,866 (-3.6% YoY) |
| Full-time staff | 116 |
| Net worth | $111.4M |
| Net worth ratio | 10.9% (p66 of band) |
| ROA (annualized) | 0.82% (p61 of band) |
| Total delinquency | 0.28% (p42 of band) |
| Net charge-offs (annualized) | 0.15% (p23 of band) |
| Loans / shares | 60% (p8 of band) |
| Cash / assets | 1.6% |
| Borrowings / assets | 3.01% |
| Net interest margin | 2.40% (p17 of band) |
| Operating expense / assets | 2.62% (p30 of band) |
| Vehicles % of loans | 8% (p7 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 9% |
| Third-party paper % of net worth | 3% (p10 of band) |
| Vehicle delinquency | 0.53% (p68 of band) |
| Vehicle NCO | 0.00% (p2 of band) |
| Repossessed % of vehicle book | 0.00% (p14 of band) |
| Real estate % of loans | 78% |
| Credit cards % of loans | 3% |
| Unsecured % of loans | 5% |
| Commercial % of net worth | 38% |
| Core shares % of member funds | 61% |
| Certificates % of member funds | 19% |
| Average share balance | $11,194 |
| Participations bought / yr | $0 |
| Participations sold / yr | $0 |
| Participations outstanding | – |
| Loans outstanding per 100 members | 44% |
| Loans granted per 100 members, annualized | 5% |
| Average loan balance | $30,812 |
| Loans granted, annualized | $93.5M |

## Flags firing in the latest filing

- **delinquency rising** (`aq_dq_rising`)
- **assets shrinking** (`shrink_assets`)
- **members leaving** (`shrink_members`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 0 |  |  |
| 2016-06 | 0 |  |  |
| 2016-09 | 1 | net worth falling |  |
| 2016-12 | 0 |  | net worth falling |
| 2017-03 | 0 |  |  |
| 2017-06 | 0 |  |  |
| 2017-09 | 0 |  |  |
| 2017-12 | 0 |  |  |
| 2018-03 | 0 |  |  |
| 2018-06 | 0 |  |  |
| 2018-09 | 0 |  |  |
| 2018-12 | 0 |  |  |
| 2019-03 | 1 | members leaving |  |
| 2019-06 | 1 |  |  |
| 2019-09 | 0 |  | members leaving |
| 2019-12 | 2 | delinquency rising, members leaving |  |
| 2020-03 | 1 |  | delinquency rising |
| 2020-06 | 3 | net worth falling, delinquency 2x band, delinquency rising | members leaving |
| 2020-09 | 2 | losing money | delinquency 2x band, delinquency rising |
| 2020-12 | 2 | margin squeeze | losing money |
| 2021-03 | 2 |  |  |
| 2021-06 | 1 | members leaving | net worth falling, margin squeeze |
| 2021-09 | 1 |  |  |
| 2021-12 | 1 |  |  |
| 2022-03 | 2 | net worth falling |  |
| 2022-06 | 1 |  | net worth falling |
| 2022-09 | 1 |  |  |
| 2022-12 | 3 | delinquency rising, assets shrinking |  |
| 2023-03 | 3 |  |  |

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

- 2025-03-26 [Merrimack Valley Credit Union adopts new name, following string of mergers - The Business Journals](https://news.google.com/rss/articles/CBMiqgFBVV95cUxPeW94OWc4NGtzNzZoVlV3VzdHcHYySm5MNVk1bHR1R0lsOTJXVnhMZDBvbXhULTdVOXZiRjVHWVlONWtIeVpJY3FQZUxQU1FOdjBBc25RWXBCTEVONDR5RGlKS2hKZkc0c09JVHdEcnIwaEp5MDVneGJVeWVhTmV4TGp5VG5vMkcwT2hkdjVmMGlVcm1ER1NaazRUZjlySldUQ3I3NjJ5NkNJQQ?oc=5) · The Business Journals
- 2015-09-26 [RTN Federal Credit Union donates to Massachusetts Coalition for Homeless - MetroWest Daily News](https://news.google.com/rss/articles/CBMirAFBVV95cUxQMkdaZlNBc2FwbkhZaW1kLURXb3RUVVdERVZ5WDY4VWxKQ0I0THVtWGJNemVQVVNBdlNRV0EwNWI1MkM5eGVnTGtEZUtLcDhDOHRkaVVZLTI2QmV4ZFViU3FubU1jMnhDZmtLRnhCMnhaTVlwcVZpMEFOeTcyX1lhc1F4ZnZQY3B0Mm5XUzJ5OHlvTS1VdkNKakdtV3VfclNoRGVnWGg4M0xHRFln?oc=5) · MetroWest Daily News
- 2023-04-06 [In Vote, Members of Merrimack Valley and RTN Federal Credit Unions Approve Merger - WHAV](https://news.google.com/rss/articles/CBMirgFBVV95cUxPTGhIR0FLUk5PYU5NcGZaaWNaU0lrOEFJajc4NDVIb2ZqeWVPOHNWMFliUEcteTZNVDhVcnJpWDMtc0dnSnVqYUxtZlZjMTBUY1d5QXFDbzFLTzlRbEQwTEZxbHMyMmtNZWNHU0ZfUWZGWlh4UFJfSExwcVBjSkFsYlNWMUtLcHZIWEdZMGtJSHFBd1U2Qm5yXzU1NWtIb0NWZmtKTFRoblhtelBlNWc?oc=5) · WHAV
- 2022-06-15 [Waltham’s RTN Credit Union Member Wins College Scholarship Contest - Patch](https://news.google.com/rss/articles/CBMiqgFBVV95cUxQci1PZUVIT3JVRVhMOHV5am8tYXlVdG9rMkRwR1B5NmVnOWJWXzlndllJTG5fRk9kS1NqZ1BUdGZwRmZramhja01ENnE5TmtLajFLdUFUempZYWZqaHZrOTM2aTBHUlNkNmVQV3VVVVBHcFhoWkdlWmJfX0lFMGNoSEdkb2lmWUlFN0F2aEdHdWk4RDMzTkxfM0tIWFJycWIwTTVjLXdMdkZIQQ?oc=5) · Patch
- 2020-08-21 [Watertown Student Awarded Scholarship from Credit Union - watertownmanews.com](https://news.google.com/rss/articles/CBMimwFBVV95cUxQVDVaYkJMOThONkJGSmd5NURqSXBLQ0k1WUdTMXpka0g2RHQ4VGFJanVXU21MN2RqM3NOQkI2eUlJdThydmlHalhHZENJRWRxWjktbFZtNlZsdTZCY0JzUDJQdlRLT0o2eEppbVRhZGhsVWd6d0NCd1ZKS3RLSlZ4V3hIeVdPQzZ6NEtrdDE0aVk3NHJLaHVOSGI2NA?oc=5) · watertownmanews.com
- 2016-02-22 [RTN Credit union bulks up even as Raytheon shrinks in Mass. - The Business Journals](https://news.google.com/rss/articles/CBMiqgFBVV95cUxOTTlidXVMM0VFUFJucEpEdUktNURWYnlvSUZhOTZ2aUdwSzFobDJlZDhNQnl4Q19JMUMyT3BULTN0UVR1RWJva3B5UTc2ZF9leUJZeU1zN0ZkdTJLZHN2MXEwUXF3Z0tnNUFRWmozNmY1Z1hlZC1nOUVlb1dTcXlEVDYxNHo5OTdaVkNCbWxKVEJQdUlpalNxVzBWQWRUcHpCMXpYSjdNcHVkZw?oc=5) · The Business Journals
- 2022-08-30 [Waltham Credit Union Awards $10K In College Scholarships - Patch](https://news.google.com/rss/articles/CBMilwFBVV95cUxOMmJzclZJczN1N0NHZW1JS3g2eVk5U0J3RnB2YXVDTXozU1lZQmt0aHpWSUxBLW5iak1aUlJOUWFnNmh3ZENmcDZpUGdOZ3VQZnVnY0dSMjhqMUVKaXM0bHd2UDd3RVVQWkpmX0RudjRCTEp2ZjVHdFBrTnUzNXVHci1Nd0lWaVZoczJaanlfZTR5SE9fV0cw?oc=5) · Patch
- 2015-11-04 [Somerville Man Arrested in Tewksbury Bank Robbery - Patch](https://news.google.com/rss/articles/CBMilgFBVV95cUxQMGwyOUljTVhtVHBVLWF5SXg4SjQ4aC1URklLMFphdHc3a1ZIZE1jTDd4dUpMZmZCalVVd2phazJGLVJfSkxEY01US2lBQWJEb1Q5dFc3Y0pRM21WWG50QkkxU3ltUDR2NFVPeGRZUjFBVG03T1lNNndkclVSTEJyeWRKdmVPZ05XYzlGUC1Wc1p4dXVzeWc?oc=5) · Patch

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=24311 (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/55.json (key "24311", 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=24311
- 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