# MORTON
taunton, MA · NCUA charter 24511 · asset band <$50M · latest filing 2026-03 · live
Share link (named URL with a preview card): https://getbookiq.com/cu/morton-24511

Who the members are: federal charter, multiple common bond, organized 1978. 891 members of 2,500 potential (35.6% of the field); checking penetration 46% (share draft accounts per 100 members); loans per 100 members 34.

**Verdict on the desk:** this could be *ordinary*. 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 | $10.1M |
| Members | 891 (-14.8% YoY) |
| Full-time staff | 1 |
| Net worth | $1.2M |
| Net worth ratio | 12.0% (p30 of band) |
| ROA (annualized) | 1.13% (p74 of band) |
| Total delinquency | 0.66% (p50 of band) |
| Net charge-offs (annualized) | 0.00% (p22 of band) |
| Loans / shares | 69% (p66 of band) |
| Cash / assets | 38.4% |
| Borrowings / assets | 0.00% |
| Net interest margin | 4.11% (p59 of band) |
| Operating expense / assets | 2.91% (p29 of band) |
| Vehicles % of loans | 45% (p30 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 0% |
| Third-party paper % of net worth | 9% (p90 of band) |
| Vehicle delinquency | 0.82% (p60 of band) |
| Vehicle NCO | 0.01% (p70 of band) |
| Repossessed % of vehicle book | 0.00% (p46 of band) |
| Real estate % of loans | 39% |
| Credit cards % of loans | 0% |
| Unsecured % of loans | 14% |
| Commercial % of net worth | 0% |
| Core shares % of member funds | 61% |
| Certificates % of member funds | 20% |
| Average share balance | $4,938 |
| Participations bought / yr | $0 |
| Participations sold / yr | $0 |
| Participations outstanding | $108,772 |
| Loans outstanding per 100 members | 34% |
| Loans granted per 100 members, annualized | 13% |
| Average loan balance | $20,013 |
| Loans granted, annualized | $2.4M |

## Participation posture (from the same filings)

Bought $0 and sold $0 in the latest annualized quarter; $108,772 outstanding purchased (9.0% of net worth), $0 sold and retained. Sold in 0 and bought in 0 of the last 8 quarters. Shares -1.8% year over year.

## Flags firing in the latest filing

- **delinquency rising** (`aq_dq_rising`)
- **members leaving** (`shrink_members`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 2 | losing money, delinquency 2x band |  |
| 2016-06 | 2 |  |  |
| 2016-09 | 2 |  |  |
| 2016-12 | 1 |  | delinquency 2x band |
| 2017-03 | 2 | members leaving |  |
| 2017-06 | 2 |  |  |
| 2017-09 | 1 |  | members leaving |
| 2017-12 | 3 | assets shrinking, members leaving |  |
| 2018-03 | 5 | net worth falling, loan book shrinking |  |
| 2018-06 | 3 |  | assets shrinking, loan book shrinking |
| 2018-09 | 2 |  | net worth falling |
| 2018-12 | 1 |  | members leaving |
| 2019-03 | 2 | net worth falling |  |
| 2019-06 | 1 |  | net worth falling |
| 2019-09 | 2 | members leaving |  |
| 2019-12 | 3 | delinquency rising |  |
| 2020-03 | 3 | net worth falling | members leaving |
| 2020-06 | 3 | members leaving | delinquency rising |
| 2020-09 | 4 | delinquency rising |  |
| 2020-12 | 4 | margin squeeze, loan book shrinking | members leaving, delinquency rising |
| 2021-03 | 3 |  | loan book shrinking |
| 2021-06 | 3 |  |  |
| 2021-09 | 1 |  | net worth falling, margin squeeze |
| 2021-12 | 3 | thin capital, members leaving |  |
| 2022-03 | 5 | net worth falling, loan book shrinking |  |
| 2022-06 | 4 |  | members leaving |
| 2022-09 | 4 |  |  |
| 2022-12 | 3 | assets shrinking | net worth falling, loan book shrinking |
| 2023-03 | 3 | delinquency rising | losing money |
| 2023-06 | 2 |  | assets shrinking |
| 2023-09 | 1 |  | thin capital |
| 2023-12 | 1 |  |  |
| 2024-03 | 1 |  |  |
| 2024-06 | 1 | assets shrinking | delinquency rising |
| 2024-09 | 2 | delinquency rising |  |
| 2024-12 | 1 |  | delinquency rising |
| 2025-03 | 2 | net worth falling, margin squeeze | assets shrinking |
| 2025-06 | 1 |  | net worth falling |
| 2025-09 | 1 |  |  |
| 2025-12 | 0 |  | margin squeeze |
| 2026-03 | 2 | delinquency rising, members leaving |  |

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

- 2026-08-31 [Lynyrd Skynyrd Setlist: What to Expect From Their 2026 Tour Dates - Ticketmaster Blog](https://news.google.com/rss/articles/CBMiY0FVX3lxTFBYZlZjVVQ0RGE0akhWdnFodEM2REZoWl9lYU9teW44Ty00NXMwb2Z6ZHFPRExuVGFUVkxlWGtFUW40elpESzFIbDNUeWE5cXlDLVU5WTdaWkpkbUM3ZUxob1ZrRQ?oc=5) · Ticketmaster Blog
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- 2026-06-15 [What to Know for Evanescence: 2026 World Tour Setlist - Ticketmaster Blog](https://news.google.com/rss/articles/CBMiX0FVX3lxTFBuTTN6MkU3Z0oxU0tnRnpPVlJBR3JaTXd5UEpUbDdTWjhmeTdaNUV6UkFUSVhMYXU2N2J2R21nb2NHemZoMUdTUTZNbGtiQ1FCTVpLdFRuMVJERXpwaW1j?oc=5) · Ticketmaster Blog
- 2023-08-01 [Hawaii Central Federal Credit Union presents HUGS with a check - CUInsight](https://news.google.com/rss/articles/CBMipgFBVV95cUxNM2JqS3R4Qk5PUHRSZmVhU1VhMzZUc0ZmRHRQWEdaeklBVEdtNjhrbGNmTTdIbTM2T0JOcVIwNVJ6RVY2cnBhTkR6ZllILWMzZ09GTEd0QXluRTY2b251a0JzeENUWnIwZ0RmZXB6eU9NWWpmVzhGaEJNdllGOUFhUE5ycHFBdVFHeWhkUDc1Zzl6eEdCaGtwNzFuMWtOZTJkb1FaYV93?oc=5) · CUInsight
- 2026-01-15 [Marilyn Manson + Rob Zombie Announce 2026 North American Summer Tour Dates - Loudwire](https://news.google.com/rss/articles/CBMihAFBVV95cUxPS0pwaG5pQ0EtOEpBYlFVR2dlekNub1VNNWlQbmpZTDNERGw4UVI0dl93bjVUVzNvQjZyNXFfSjZ3cVdDQm5fbG40TGFpNER0LWtuTmJjRFJHVDFkZTlKUTNRLV9ORmdqalQzMDY4Ul9uall1SzJkSElTMnEwUlc1bFU2YjQ?oc=5) · Loudwire
- 2026-04-14 [John Mellencamp Announces 'Dancing Words Tour' and New Lyric Book Spanning 50 Years of Songwriting - That Eric Alper](https://news.google.com/rss/articles/CBMi1AFBVV95cUxOd29meVctbmJBY3g2YllfdVNrMjl1cnAtUmxTZENiUmVvQ0J0WWRhaU1yVVcwZWtadGVDT2VvVVNSSnZmVUFCSUI1bzdxeFkyTFZIazJKT1lJZmUtdTNQV05VV0pzYlBmYmlYbVpUakszMDVjbTZ2eExVcjBjVFVmQ2hBUVNTRDgwel9mdTJ1Nm9IMS12QkRoYmhsajA0VVFady1LMEZLei1pOGdfeDZyM0dCT1V6RnhHZVFVcW53T2RtSWlZbDJJbkVHUzJIZTd0dHFFYg?oc=5) · That Eric Alper
- 2026-05-11 [Godsmack Concert Setlist: Discover the Average Song List - Ticketmaster Blog](https://news.google.com/rss/articles/CBMiW0FVX3lxTE01cXJkQllodnFKdDA0NDhFWDVQWkxyVTJlbVQyRWp0dU1RbWxyWjFzbHhuSExaYXRFRHBja0d5LW9Kelc4NmE5NVFfaml5SFo0ZlVEMHlPNTlhQms?oc=5) · Ticketmaster Blog

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=24511 (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/63.json (key "24511", 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=24511
- 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