# PIONEER VALLEY
Springfield, MA · NCUA charter 24443 · asset band $100-200M · latest filing 2026-03 · live
Share link (named URL with a preview card): https://getbookiq.com/cu/pioneer-valley-24443

Who the members are: federal charter, multiple common bond, organized 1923, low-income designated. 11,570 members of 30,000 potential (38.6% of the field); checking penetration 71% (share draft accounts per 100 members); loans per 100 members 68.

**Verdict on the desk:** this could be *ordinary*. Composite score 1 of 18 (one point per flag across 17 flags, capital below 7% counted twice).

## What the filing shows

| Measure | Value |
|---|---|
| Total assets | $164.9M |
| Members | 11,570 (0.9% YoY) |
| Full-time staff | 31 |
| Net worth | $19.1M |
| Net worth ratio | 11.6% (p48 of band) |
| ROA (annualized) | 0.66% (p48 of band) |
| Total delinquency | 0.38% (p31 of band) |
| Net charge-offs (annualized) | 0.64% (p76 of band) |
| Loans / shares | 87% (p86 of band) |
| Cash / assets | 16.1% |
| Borrowings / assets | 1.21% |
| Net interest margin | 3.33% (p31 of band) |
| Operating expense / assets | 3.80% (p56 of band) |
| Vehicles % of loans | 13% (p11 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 8% |
| Third-party paper % of net worth | 12% (p43 of band) |
| Vehicle delinquency | 0.65% (p55 of band) |
| Vehicle NCO | 1.63% (p87 of band) |
| Repossessed % of vehicle book | 0.02% (p66 of band) |
| Real estate % of loans | 60% |
| Credit cards % of loans | 0% |
| Unsecured % of loans | 12% |
| Commercial % of net worth | 0% |
| Core shares % of member funds | 30% |
| Certificates % of member funds | 27% |
| Average share balance | $6,000 |
| Participations bought / yr | $0 |
| Participations sold / yr | $0 |
| Participations outstanding | $9.3M |
| Loans outstanding per 100 members | 68% |
| Loans granted per 100 members, annualized | 5% |
| Average loan balance | $15,810 |
| Loans granted, annualized | $14.4M |

## Participation posture (from the same filings)

Bought $0 and sold $0 in the latest annualized quarter; $9.3M outstanding purchased (48.5% of net worth), $14,305 sold and retained. Sold in 0 and bought in 4 of the last 8 quarters. Shares 9.1% year over year.

## Flags firing in the latest filing

- **delinquency rising** (`aq_dq_rising`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 1 | expense trap |  |
| 2016-06 | 0 |  | expense trap |
| 2016-09 | 0 |  |  |
| 2016-12 | 0 |  |  |
| 2017-03 | 1 | expense trap |  |
| 2017-06 | 1 |  |  |
| 2017-09 | 0 |  | expense trap |
| 2017-12 | 1 | net worth falling |  |
| 2018-03 | 1 |  |  |
| 2018-06 | 3 | loans>95% of shares, leaning on borrowings |  |
| 2018-09 | 2 |  | loans>95% of shares |
| 2018-12 | 2 | loans>95% of shares | net worth falling |
| 2019-03 | 1 |  | loans>95% of shares |
| 2019-06 | 3 | net worth falling, margin squeeze |  |
| 2019-09 | 1 |  | net worth falling, margin squeeze |
| 2019-12 | 2 | delinquency rising |  |
| 2020-03 | 2 |  |  |
| 2020-06 | 1 |  | leaning on borrowings |
| 2020-09 | 0 |  | delinquency rising |
| 2020-12 | 0 |  |  |
| 2021-03 | 1 | margin squeeze |  |
| 2021-06 | 0 |  | margin squeeze |
| 2021-09 | 0 |  |  |
| 2021-12 | 0 |  |  |
| 2022-03 | 0 |  |  |
| 2022-06 | 1 | charge-offs p90 |  |
| 2022-09 | 1 |  |  |
| 2022-12 | 0 |  | charge-offs p90 |
| 2023-03 | 1 | net worth falling |  |
| 2023-06 | 0 |  | net worth falling |
| 2023-09 | 2 | delinquency rising, leaning on borrowings |  |
| 2023-12 | 3 | loans>95% of shares |  |
| 2024-03 | 3 |  |  |
| 2024-06 | 3 |  |  |
| 2024-09 | 3 | assets shrinking | delinquency rising |
| 2024-12 | 2 |  | assets shrinking |
| 2025-03 | 2 | net worth falling | loans>95% of shares |
| 2025-06 | 0 |  | leaning on borrowings, net worth falling |
| 2025-09 | 0 |  |  |
| 2025-12 | 1 | delinquency rising |  |
| 2026-03 | 1 |  |  |

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

- 2026-09-04 [Wilks and Braun of O,R&L Commercial represent AAA Northeast in $2.35m sale - NEREJ](https://news.google.com/rss/articles/CBMikgFBVV95cUxOVm03ckRxNy1DdHpTbnkwWVFTSmk2VWRmWGFxd0FYMW9aNGNCemZEazBxbVdZYkZGVHUybjdoeG1Gemc3aVVCdUliWDFGc2dzVW1BcjMtTGxteHBRenBycV9qRVdCeWdTUC1BcHRVNUxnOGxDcmhEQ2VJZXl2RVFNcjZhYm9VTE5EaDVpMjRFWFlSdw?oc=5) · NEREJ
- 2026-07-23 [Business Briefs: July 24, 2026 - Greenfield Recorder](https://news.google.com/rss/articles/CBMibkFVX3lxTE1xeURUb0JPOHZDVkVHNEtoNFl1MGpxTnMzcHptYjZJZF9UY2pSbTg5clNyZk9TTF91QkxSbERNbmM0STdKNVJrMng2YXJNWkxIQ002X01XWGhMUF9rWUU0N0NCREFTTmwyczdzalRB?oc=5) · Greenfield Recorder
- 2026-07-08 [Freedom Credit Union Appoints Jennifer McPherson VP of Human Resources - BusinessWest](https://news.google.com/rss/articles/CBMiowFBVV95cUxOdUltWnhSZDJ3c216ZUtFeXdTMFBaRWIxTTV5U2w2bEVSV2diaVRmb0ZjOEJnNTBzQ1NlY0VxSThFZUJ0dWwwNFA5U3lPTktyWnBaTjJlODI5MG03dUJBbDFfNzFTb0ZiVVhLUV8wd25nZjdTdlliTTUtaDQ1NXpqTEswbUxuMEg5M05EeTJXTHNXS25zdC1LTmZyQ19YSzRpQ3NR?oc=5) · BusinessWest
- 2023-04-26 [Mayor Sarno joined with Pioneer Valley Credit Union for 100th Anniversary Celebration - Springfield-MA.gov](https://news.google.com/rss/articles/CBMihwJBVV95cUxOMXdIVXY1MjVVc0Vzd3lUaEljVkJnRW1WWGU3SDNncHFLaTlTQ2VUSjEwbzNnN3JVaF9VUDdDUVVjT1J1WUI0aWdCcjdxS3g5TF8wbXo1cmd2Uk1nUE1qbGY4ZmRCYkF4dHpJWFJfaUlfOVRxdW1mN1BxM2taNHJvbVUzY3Z5RmNKUWZZV3dWRzlCSFhRNkJCSXVBRVFVTkFxMEg1R2o0R3A1bGFDUkw0bmNEZXlsVGV3d2ZjYTdpWmpkMDJxM0k2bUR0M3hoV0FLZS1LZkN2NVhSc2FfTDZ5RzVEdDdjaTFKeV81UmxEYUtMMmlSSnBoRy1WQTJBWGlTaG1ySVp0UQ?oc=5) · Springfield-MA.gov
- 2026-01-06 [Joan Skypeck Obituary (2026) - Chicopee, MA - MassLive.com](https://news.google.com/rss/articles/CBMikgFBVV95cUxOOXBZY2FpdzNTU1BvU1U1WGd1bnhpT191M3hKd0pzYlFvOU9zVUJ6b1RzRGVNMmk1bHBzX01SaHRDTXJnWWpRMEJ3QWJBVlFCZVQ1eU5IVko1b2ptSk9wVWdKUjNuSTcxXy1qa2V1aTQ5VVo0c1ZZQk15YnZHemxwOHJ6Q1NQUHNuSFo3TWdUa2ZRQQ?oc=5) · MassLive.com
- 2026-05-07 [Bulletin Board: Pioneer softball team gets new coach - Greenfield Recorder](https://news.google.com/rss/articles/CBMijAFBVV95cUxNTS1HYmYyYjJSSHJJWmxaNVlBRzEyWlI0LTlFVmpQNUJrT2dlb1JScVRndURVWk1lYktkdmhIa2pITnJuZnl0Nkt4SVFxNHA4c3lpNmNvN0tONmlFWFJySGJIeS1LSFB4a1QzdVR1SjJFelBaRHctaHNuYVNwWDBtRTBweXR5Z1ZKaTJoMQ?oc=5) · Greenfield Recorder
- 2025-10-06 [2025 Halloween Happenings - Western Mass News](https://news.google.com/rss/articles/CBMieEFVX3lxTFBqVVl5TWxxU2ZJYmk2N1JuTG9ZQlQ3UHJKbHBNdDBKbFBNa05aZUtKSTA4Q1VXWWRaLW0yOUozZ20xRjUzN3Z3b2hzYW1LQWZNVm00eW9FQzJMMzZWR01CVUVVekRSb2ZZYnBGYVdjTjdTcUt6VnQyUg?oc=5) · Western Mass News
- 2018-07-02 [Pioneer Valley Credit Union employee charged with stealing from elderly customer's account - MassLive](https://news.google.com/rss/articles/CBMifkFVX3lxTE5fb2pheVZMUHFEa0xnUE5ScFEwSVE0N2I5X2tDZk9ZUW5GQWJuak1valk1b251QTRaOGtEbkFKXzlxUUZha2JBZG1pdWVENi1WTUQwbmYyR1pUSXd3WWNUUW1vY2ZPMzNKSEdaZmFzNWdMWWJHZWhJNk9ZTjBxUQ?oc=5) · MassLive

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=24443 (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/59.json (key "24443", 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=24443
- 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