# MILLBURY
Millbury, MA · NCUA charter 24543 · asset band $200-500M · latest filing 2026-03 · live
Share link (named URL with a preview card): https://getbookiq.com/cu/millbury-24543

Who the members are: federal charter, community charter, organized 1934. 30,003 members of 862,111 potential (3.5% of the field); checking penetration 42% (share draft accounts per 100 members); loans per 100 members 29.

**Verdict on the desk:** this could be *indirect buyer*. 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 | $478.3M |
| Members | 30,003 (-1.8% YoY) |
| Full-time staff | 84 |
| Net worth | $45.2M |
| Net worth ratio | 9.5% (p22 of band) |
| ROA (annualized) | 0.31% (p23 of band) |
| Total delinquency | 0.29% (p21 of band) |
| Net charge-offs (annualized) | 0.08% (p12 of band) |
| Loans / shares | 81% (p69 of band) |
| Cash / assets | 8.6% |
| Borrowings / assets | 1.21% |
| Net interest margin | 2.94% (p15 of band) |
| Operating expense / assets | 3.25% (p31 of band) |
| Vehicles % of loans | 26% (p35 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 90% |
| Third-party paper % of net worth | 178% (p77 of band) |
| Vehicle delinquency | 0.85% (p69 of band) |
| Vehicle NCO | 0.34% (p31 of band) |
| Repossessed % of vehicle book | 0.03% (p57 of band) |
| Real estate % of loans | 57% |
| Credit cards % of loans | 0% |
| Unsecured % of loans | 1% |
| Commercial % of net worth | 115% |
| Core shares % of member funds | 53% |
| Certificates % of member funds | 30% |
| Average share balance | $12,561 |
| Participations bought / yr | $0 |
| Participations sold / yr | $10.0M |
| Participations outstanding | $6.0M |
| Loans outstanding per 100 members | 29% |
| Loans granted per 100 members, annualized | 5% |
| Average loan balance | $40,542 |
| Loans granted, annualized | $85.7M |

## Participation posture (from the same filings)

Bought $0 and sold $10.0M in the latest annualized quarter; $6.0M outstanding purchased (13.2% of net worth), $2.3M sold and retained. Sold in 4 and bought in 5 of the last 8 quarters. Shares -1.4% year over year.

## Flags firing in the latest filing

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

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 1 | thin capital |  |
| 2016-06 | 2 | delinquency 2x band |  |
| 2016-09 | 2 |  |  |
| 2016-12 | 1 |  | delinquency 2x band |
| 2017-03 | 2 | delinquency 2x band |  |
| 2017-06 | 1 |  | delinquency 2x band |
| 2017-09 | 1 |  |  |
| 2017-12 | 2 | 3rd-party paper>100% NW |  |
| 2018-03 | 2 |  |  |
| 2018-06 | 2 |  |  |
| 2018-09 | 2 |  |  |
| 2018-12 | 2 |  |  |
| 2019-03 | 2 |  |  |
| 2019-06 | 2 |  |  |
| 2019-09 | 4 | delinquency rising, loans>95% of shares |  |
| 2019-12 | 2 |  | delinquency rising, loans>95% of shares |
| 2020-03 | 3 | net worth falling |  |
| 2020-06 | 4 | delinquency rising |  |
| 2020-09 | 2 |  | net worth falling, delinquency rising |
| 2020-12 | 2 |  |  |
| 2021-03 | 3 | net worth falling |  |
| 2021-06 | 3 |  |  |
| 2021-09 | 2 |  | net worth falling |
| 2021-12 | 2 |  |  |
| 2022-03 | 2 |  |  |
| 2022-06 | 2 |  |  |
| 2022-09 | 2 |  |  |
| 2022-12 | 2 |  |  |
| 2023-03 | 3 | delinquency rising |  |
| 2023-06 | 2 |  | delinquency rising |
| 2023-09 | 3 | members leaving |  |
| 2023-12 | 4 | delinquency rising |  |
| 2024-03 | 4 | margin squeeze | delinquency rising |
| 2024-06 | 4 |  |  |
| 2024-09 | 2 |  | members leaving, margin squeeze |
| 2024-12 | 2 |  |  |
| 2025-03 | 3 | delinquency rising |  |
| 2025-06 | 1 |  | thin capital, delinquency rising |
| 2025-09 | 2 | assets shrinking |  |
| 2025-12 | 1 |  | assets shrinking |
| 2026-03 | 1 |  |  |

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

- 2026-04-26 [William McKenney, Jr. Obituary Apr 26, 2026 - Mulhane Home For Funerals](https://news.google.com/rss/articles/CBMiZEFVX3lxTE82Ungyd1Z0dmhyMGJTN3piOGI0YU9tcElNdWRQYXV0OXhZVVNOTTZwaENDaXVtdW5EVFNqRnlsM0Fnbk5WY08xQVpKR19ybzN3V21sT3ZIX3dOdDFIMUliWExzeXc?oc=5) · Mulhane Home For Funerals
- 2026-03-25 [Jane P. Weidman Obituary (2026) - Millbury, MA - Mulhane Home For Funerals - Millbury - legacy.com](https://news.google.com/rss/articles/CBMigAFBVV95cUxOV3luXzhvVEZHQ2dhMEUxam9Ydjd3NEQ2MDhfdW1WcVRUUlAyNVRnZE5xd2xidmlpXzZtSmlBbDZkVF9LYW9Nd1U0MVNTa1VrVjkyLXN0Q050OXhNeDE5NFpWazVYU1RvTExDYkxKR3dWZ2tKR1FLMDBROWpMSkJZNQ?oc=5) · legacy.com
- 2023-03-17 [Lucas Feen Obituary Mar 16, 2019 - Paradis-Givner Funeral Home](https://news.google.com/rss/articles/CBMiZ0FVX3lxTE5mcGdIQVlxXzlSRVMxZG5UV2VjUVp5eWZlM2lXNmdDRDJjd240UlVVeEs1VTRzLVc1NzBndXd2SlllaDNxSHpmc3A4S1ZDV0hsdzlYakhOMkFPOWFOYTRHRjBUVlJPUW8?oc=5) · Paradis-Givner Funeral Home
- 2023-08-12 [Aquilina Boire Obituary Jun 3, 2018 - Mulhane Home For Funerals](https://news.google.com/rss/articles/CBMiXkFVX3lxTE05bllGckk1Q2pKWmFRem9YWXhQejJOTXR0QTRsUlIxLWhQQ2tlRVlGZ0wtcldoWi1uVl9BcENTdFhVaFpoVXFDbWZwYy1tenhQWnhRWmx0SUo2Zi1qVFE?oc=5) · Mulhane Home For Funerals
- 2021-09-26 [Shirley Huchowski Obituary (2021) - Millbury, MA - Worcester Telegram & Gazette - legacy.com](https://news.google.com/rss/articles/CBMikgFBVV95cUxPMHRVOWlsUDJQZWZzTTF5Mng0QjZuU1FyYkhiWHRITHhZT0JlcDlWeWZCZEEzN1VwQTRCRk5Tb0pmdzJheEdod2NHXzRWRGJyMlpLYjEzcjhjUUdmcUxLaVJvSUM2a2hLVlBqaFBMRnVCcmwwaTRlZXNNQ3FpTGhhNDN3alg1aXFqcWplaFgwTkVXZw?oc=5) · legacy.com
- 2023-07-23 [Raymond Richards Obituary Feb 27, 2021 - Mulhane Home For Funerals](https://news.google.com/rss/articles/CBMiYEFVX3lxTE1zbUVTakVJRWs4N2NXQ3EyRmxPSVFYeDI1ZUIweHo5SlhKZ1Nhc2N6OTlmMmdVbGZXX0E2cWlmdkItckN5eEhrc1JTa2FXYW82bFpVMGFXMzlpNjFQdU9HUg?oc=5) · Mulhane Home For Funerals
- 2024-08-25 [Pauline R. O'Loughlin Obituary Aug 25, 2024 - Mulhane Home For Funerals](https://news.google.com/rss/articles/CBMiYkFVX3lxTFBnNGFjekNBLUJQV3h2TURwbVJyT1dmWWRFZDJMUUZjNmZsYk1zZ05Fc3BfYlZYSmJEMkkyd0diSWl1OU9PZUFraFhZbGwtcGdpT2c1WjUweGd3OWc2aXJwWVln?oc=5) · Mulhane Home For Funerals
- 2024-02-20 [Janet Lucia Cassidy Obituary (2024) - Millbury, MA - Mulhane Home For Funerals - Millbury - legacy.com](https://news.google.com/rss/articles/CBMiggFBVV95cUxPeEdmQWNRaEcwR3Y5MUNOdUFiRXBXTXZWazdZMS1JczVQWFFxSXdyN05mNi1ITVpmemtKRm1sUnRYZVBwMGFmcnVWdm5qNjJENW1CNXdjVVRhMEZ1Z1NMLWRydHh5aG9BVHIwcTRkWnE1Wl9zVE1BekFqdTNKVy1UcjFR?oc=5) · legacy.com

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=24543 (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/31.json (key "24543", 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=24543
- 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