# LEGACY COMMUNITY
BIRMINGHAM, AL · NCUA charter 24421 · asset band $500M-1B · latest filing 2026-03 · live
Share link (named URL with a preview card): https://getbookiq.com/cu/legacy-community-24421

Who the members are: federal charter, community charter, organized 1955, low-income designated. 39,671 members of 1,211,902 potential (3.3% of the field); checking penetration 66% (share draft accounts per 100 members); loans per 100 members 51.

**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 | $736.3M |
| Members | 39,671 (3.3% YoY) |
| Full-time staff | 130 |
| Net worth | $94.6M |
| Net worth ratio | 12.8% (p80 of band) |
| ROA (annualized) | 0.61% (p49 of band) |
| Total delinquency | 1.07% (p81 of band) |
| Net charge-offs (annualized) | 0.27% (p33 of band) |
| Loans / shares | 67% (p19 of band) |
| Cash / assets | 12.0% |
| Borrowings / assets | 0.81% |
| Net interest margin | 2.95% (p18 of band) |
| Operating expense / assets | 3.29% (p35 of band) |
| Vehicles % of loans | 34% (p62 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 75% |
| Third-party paper % of net worth | 119% (p56 of band) |
| Vehicle delinquency | 0.46% (p38 of band) |
| Vehicle NCO | 0.72% (p41 of band) |
| Repossessed % of vehicle book | 0.39% (p93 of band) |
| Real estate % of loans | 45% |
| Credit cards % of loans | 2% |
| Unsecured % of loans | 8% |
| Commercial % of net worth | 42% |
| Core shares % of member funds | 60% |
| Certificates % of member funds | 26% |
| Average share balance | $8,183 |
| Participations bought / yr | $2.4M |
| Participations sold / yr | $0 |
| Participations outstanding | $38.4M |
| Loans outstanding per 100 members | 51% |
| Loans granted per 100 members, annualized | 765% |
| Average loan balance | $21,176 |
| Loans granted, annualized | $102.0M |

## Participation posture (from the same filings)

Bought $2.4M and sold $0 in the latest annualized quarter; $38.4M outstanding purchased (40.6% of net worth), $3.1M sold and retained. Sold in 0 and bought in 8 of the last 8 quarters. Shares 12.3% year over year.

## Flags firing in the latest filing

- **delinquency rising** (`aq_dq_rising`)
- **3rd-party paper>100% NW** (`str_thirdparty`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 0 |  |  |
| 2016-06 | 0 |  |  |
| 2016-09 | 0 |  |  |
| 2016-12 | 1 | 3rd-party paper>100% NW |  |
| 2017-03 | 2 | repo signal |  |
| 2017-06 | 1 |  | repo signal |
| 2017-09 | 1 |  |  |
| 2017-12 | 1 |  |  |
| 2018-03 | 1 |  |  |
| 2018-06 | 1 |  |  |
| 2018-09 | 1 |  |  |
| 2018-12 | 1 |  |  |
| 2019-03 | 2 | net worth falling |  |
| 2019-06 | 1 |  | net worth falling |
| 2019-09 | 1 |  |  |
| 2019-12 | 2 | net worth falling |  |
| 2020-03 | 3 | losing money |  |
| 2020-06 | 3 |  |  |
| 2020-09 | 2 |  | losing money |
| 2020-12 | 1 |  | net worth falling |
| 2021-03 | 1 |  |  |
| 2021-06 | 1 |  |  |
| 2021-09 | 1 |  |  |
| 2021-12 | 1 |  |  |
| 2022-03 | 1 |  |  |
| 2022-06 | 1 |  |  |
| 2022-09 | 2 | delinquency rising |  |
| 2022-12 | 2 |  |  |
| 2023-03 | 2 |  |  |
| 2023-06 | 2 |  |  |
| 2023-09 | 2 |  |  |
| 2023-12 | 2 |  |  |
| 2024-03 | 2 |  |  |
| 2024-06 | 2 |  |  |
| 2024-09 | 2 |  |  |
| 2024-12 | 1 |  | delinquency rising |
| 2025-03 | 1 |  |  |
| 2025-06 | 2 | members leaving |  |
| 2025-09 | 1 |  | members leaving |
| 2025-12 | 3 | delinquency rising, members leaving |  |
| 2026-03 | 2 |  | members leaving |

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

- 2025-03-19 [Alabama credit union to acquire in-state community bank - Banking Dive](https://news.google.com/rss/articles/CBMixAFBVV95cUxNUFRGck4teWNkcy1xVV95WW1mTVNFbHd1cXNGSTk5dE5xYzNaSUNYblc1bHZzbjNuWjY2SFBRSEJrU2l0czNHbjRpREJVQUkzV2E5MXRwRGc5NU1FSjlXSmh2alJ4UjJGdzlQa0xJTXdkbDJSZVBrbVdmTjI2Y1h2OFpPbGstOUt3cXdGdXlBcG8weXFwWGN6TEx0Wm5WVFVwaTRITTc4U1NySk10cVdMb2lfendRQ0NoNGRxa0d4MHYyeVVi?oc=5) · Banking Dive
- 2022-01-12 [Change of leadership at Legacy credit union - Business Alabama Magazine](https://news.google.com/rss/articles/CBMifEFVX3lxTFBhX0RsUkxTaTZsS0oxWld0azVzMXdaZTNOeGxwTnRsZWtFNlZuTm1oWmI1UDNrWENXdnUtbjg0Y2ZIcnE0dkt0TG91dTRuOFBLaVAydmVINUUtR1g1cEItOHlyY2ROd2U2c0lwZUx0WkZTMlRYZGRTbXNIT0c?oc=5) · Business Alabama Magazine
- 2025-03-20 [Legacy Credit Union to acquire First Community Bank - CUInsight](https://news.google.com/rss/articles/CBMimgFBVV95cUxQVW5LM2FSSmNoOHA5Nlppbnd1X3YwSTJqaDU1ZVQxVlI1aWpTRzVSRnN2V3JtMWhVSHpnUWFlT1cwS1NOZXRvZE5JUFF4U29oYmVPelBYbVJYTE9UQ292bzVoaWVhVGo4SURWOGJMWUtEeEJfNnJmVnBCUnpudDYzN0I4UHhLSm1HV3BsQk5CVThNV05SemVLNktB?oc=5) · CUInsight
- 2025-03-19 [Birmingham’s Legacy Community Federal Credit Union acquiring Alabama bank - AL.com](https://news.google.com/rss/articles/CBMivAFBVV95cUxNQmRua1hSQWdCelZLT29qUWZCOENjTG1tTWZIb1k2YWd3ejZ2UjFOYWlobmFaZWdjaUdUSnduVTNRcVduS01Uazgtb2JPOXYzdWZFc1hwc1o3eVhDdm1Jd1BySGhqUmFlLXJOM0hnRHFTQXdvRTRqZlNSY3R5cDM4VWlSYTdNa2wzQUh1MXFXT2Q0QWVaamRCUTM1TjVRb3hpLU1qRG1yd3g3YUVTdHZseDRNbUZmdGdYWnV1Rw?oc=5) · AL.com
- 2022-11-09 [Two Birmingham credit unions joining forces with merger - The Business Journals](https://news.google.com/rss/articles/CBMirgFBVV95cUxPSk1xMm1vMG5TYjZmY1lBd185M2ozb05GWjJISUZkakwycDR3cXJWZHBEUi1fTWhPOURUSXh1LVd1cThoOVlyWXpRZlZSeGpsdnZ6SkZCNnBfb3VUcHBZUTZ5NGVPMDFNeENIYklVX3BneEJESEVaYThTN1ozUFl4SEVFZnRDa3pDVEVnb3ByMHpqVXNKOFlOUVJxMmlneHRETGlGbHo4Mm1NQTl4elE?oc=5) · The Business Journals
- 2021-10-08 [Protective Stadium’s South Plaza Now Named Legacy Plaza - Patch](https://news.google.com/rss/articles/CBMimwFBVV95cUxQOVB6YUd1OXR5aFdQNmQyRmZNTmFyU1Y5Ukw2cnFqMVpiN1d6N0thUVlDdm1Lb1FSS3lidGlQb2lFUFZvb3k3cjdhOV8wOF9DTlp5dlhaV2NpSDE1Q0xnMlBZR0tubXlVQkZVbENzQmNZbkxLN0lLM3FZVVY2aGh1S3QxMDRvNnh4TTRuRGhKMVNsQ0tjZTJKRGYyYw?oc=5) · Patch
- 2025-03-24 [Alabama’s Largest Credit Unions 2025 - Business Alabama Magazine](https://news.google.com/rss/articles/CBMickFVX3lxTE5vOWstYWZtNXhjWFQ2U090OG9ROS1jUGt1dmN1UEIwMi13Rm9IOWkyaVRRRmxlZUxsTDZDSFprSkExR1FxVjNkMUVsM0VaMkxzejV1TzduMkFFSkJkQUxWSVhtSmNKQWk2MEJxbTZQWDZ5dw?oc=5) · Business Alabama Magazine
- 2022-01-18 [Legacy Community Federal Credit Union names new CEO - The Business Journals](https://news.google.com/rss/articles/CBMihwFBVV95cUxOLUs5WGRiOWZYdk45ZDUxUEQ3bS1oZWdoSGpBTEFzbzMxUnM3NkQzbUc4c3hRQUtZbTFFRTRFS29pSE44NDVOVUZtMXA3THlmelhLRnZ6NjhaQU5BdTR5X2FUd0lsNzJzNXUzdmhka1d3a1lwZEd2ZEctVXFMWWktTk5xMW1hVVE?oc=5) · The Business Journals

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=24421 (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/37.json (key "24421", 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=24421
- 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