# THEORY
PAINESVILLE, OH · NCUA charter 24545 · asset band <$50M · latest filing 2026-03 · live
Share link (named URL with a preview card): https://getbookiq.com/cu/theory-24545

Who the members are: federal charter, multiple common bond, organized 1995. 3,515 members of 10,000 potential (35.1% of the field); checking penetration 60% (share draft accounts per 100 members); loans per 100 members 74.

**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 | $39.0M |
| Members | 3,515 (0.8% YoY) |
| Full-time staff | 10 |
| Net worth | $3.3M |
| Net worth ratio | 8.4% (p7 of band) |
| ROA (annualized) | 0.11% (p28 of band) |
| Total delinquency | 0.78% (p56 of band) |
| Net charge-offs (annualized) | 0.78% (p82 of band) |
| Loans / shares | 52% (p41 of band) |
| Cash / assets | 20.2% |
| Borrowings / assets | 0.00% |
| Net interest margin | 4.20% (p63 of band) |
| Operating expense / assets | 3.89% (p57 of band) |
| Vehicles % of loans | 43% (p28 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 0% |
| Third-party paper % of net worth | 0% (p43 of band) |
| Vehicle delinquency | 0.95% (p63 of band) |
| Vehicle NCO | 0.49% (p80 of band) |
| Repossessed % of vehicle book | 0.66% (p98 of band) |
| Real estate % of loans | 36% |
| Credit cards % of loans | 8% |
| Unsecured % of loans | 14% |
| Commercial % of net worth | 0% |
| Core shares % of member funds | 79% |
| Certificates % of member funds | 9% |
| Average share balance | $5,661 |
| Participations bought / yr | $0 |
| Participations sold / yr | $0 |
| Participations outstanding | – |
| Loans outstanding per 100 members | 74% |
| Loans granted per 100 members, annualized | 7% |
| Average loan balance | $7,248 |
| Loans granted, annualized | $3.6M |

## Flags firing in the latest filing

- **thin capital** (`cap_low`)
- **repo signal** (`aq_repo`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 1 | thin capital |  |
| 2016-06 | 1 |  |  |
| 2016-09 | 1 |  |  |
| 2016-12 | 1 |  |  |
| 2017-03 | 1 |  |  |
| 2017-06 | 3 | net worth falling, members leaving |  |
| 2017-09 | 1 |  | net worth falling, members leaving |
| 2017-12 | 1 |  |  |
| 2018-03 | 2 | net worth falling |  |
| 2018-06 | 2 | delinquency rising | net worth falling |
| 2018-09 | 2 |  |  |
| 2018-12 | 2 |  |  |
| 2019-03 | 1 |  | delinquency rising |
| 2019-06 | 1 |  |  |
| 2019-09 | 1 |  |  |
| 2019-12 | 3 | net worth falling, delinquency rising |  |
| 2020-03 | 2 |  | delinquency rising |
| 2020-06 | 2 |  |  |
| 2020-09 | 2 |  |  |
| 2020-12 | 2 |  |  |
| 2021-03 | 4 | losing money, margin squeeze |  |
| 2021-06 | 4 |  |  |
| 2021-09 | 4 | delinquency rising | margin squeeze |
| 2021-12 | 6 | capital below 7% |  |
| 2022-03 | 5 | members leaving | net worth falling, losing money |
| 2022-06 | 4 |  | members leaving |
| 2022-09 | 2 | members leaving | delinquency rising, capital below 7% |
| 2022-12 | 2 |  |  |
| 2023-03 | 1 |  | members leaving |
| 2023-06 | 3 | delinquency 2x band, assets shrinking |  |
| 2023-09 | 2 |  | assets shrinking |
| 2023-12 | 4 | delinquency rising, assets shrinking |  |
| 2024-03 | 3 |  | assets shrinking |
| 2024-06 | 5 | assets shrinking, members leaving |  |
| 2024-09 | 3 |  | assets shrinking, members leaving |
| 2024-12 | 1 |  | delinquency 2x band, delinquency rising |
| 2025-03 | 2 | delinquency 2x band |  |
| 2025-06 | 4 | net worth falling, delinquency rising |  |
| 2025-09 | 2 |  | net worth falling, delinquency rising |
| 2025-12 | 3 | delinquency rising |  |
| 2026-03 | 2 | repo signal | delinquency 2x band, delinquency rising |

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

- 2025-12-06 [Ohio lawmakers connect financial literacy, hands-on bank work: 5 takeaways - Cleveland.com](https://news.google.com/rss/articles/CBMitwFBVV95cUxOODBCejRtb3dYbEdDelpvbGdtU3FpM2NnN0REc0U5SFJPUzY2R01fVmZGLWJkcGRiMG8zc1ZQUjZrdXpWa21BNXh2T0hNZHM4ZUdlMl9aT3NEbllWUkR5ajE1VFlUaU5KdExhUFNvMGZ0bHBRbV9LY3NhUHZ4eV95SEZjeUhUVXhVLUlFQk8zVC1IVEY0YUw3djJpb19MYW1sQWNzZ1F2Ul9yY2RRSUoyNURSTTNuZWM?oc=5) · Cleveland.com
- 2025-11-30 [Budding entrepreneurs: High school finance lessons blossom for brothers into business success - Cleveland.com](https://news.google.com/rss/articles/CBMi2AFBVV95cUxPbE42Z0RBWUJPbXZlLXhyVnFMVDh0aVR6Qk45d0xodEtUT0p3YWlBQ3lQVjFBRjJDMjJHZ3A1NVBVQU56WUFsckltTWFMUVNrZEpJTXFCclFTWDRhOTBjU0xSS2pnME42ZE5vaVZveWVhLWpLM19ueTRZZXp1MEdzOVl1QXRYQmFUZFZUR3BkWUk3Zk42YTZBNjVFMEttcG1QMjRWejd0OXBhYnpfWkVYVEtaVVhOeWY5QVpJTkZITV9LUTlsSWwzUGdlc1BRRzBrZjl4WUhjRDQ?oc=5) · Cleveland.com
- 2025-12-04 [Financial literacy now required in 30 states, including Ohio, for high school graduation - Cleveland.com](https://news.google.com/rss/articles/CBMi0AFBVV95cUxQMm16TlFqWEVmNk1fSHFsbFZ5Vk9YX3dRdkFVWThiVzNRTWJwNFN6UThUanhzalNDRTNWQlMySF9GN3BZYUtlV3FISkR1aW5jcnpwV3BCUDVNOHZjUnR6RzJid0RsOWE1TFVsbWxaRHE4MXd3dGFPTTFpOUN4QkpMdTBiSTA2Y2tJcHBNeFdnS29PaWtSWEhfczNUM0liMUpCY08yR2xTY2xERGhMdVpvcHV6WTdrbzRWYVVTeU1HX3VyQ09CZWZpS3pwTVduS2NB?oc=5) · Cleveland.com
- 2025-05-20 [Falling In Reverse Announce 2025 Tour: How to Get Tickets - Ticketmaster Blog](https://news.google.com/rss/articles/CBMia0FVX3lxTE85clFoLXNGdVkyUGtOdjNScnA0OGpfbGdkd3poamJTWXp0eXVRSlhEY1NXZkI2bUhXeW1GXzRjT0tCTjBXdHUzM3VteUtGVWs1UXdfYXMwWE9kRVIyRHpQbkZ2OWYxdG9ZVkw0?oc=5) · Ticketmaster Blog
- 2025-07-09 [Sleep Theory Launching Second Leg Of U.S. Headline Tour - antiMusic](https://news.google.com/rss/articles/CBMingFBVV95cUxOc283VFNGQ1lja0JYOGFiUFFuNzV6NUNHMUNOakdjWG0xVnR4eWFFN3hQalRkS24xcS1tWkdHbEVPY0Fxb21YQjlyZ3Q4SHRpQWJ0aXdHdmZzZGhjVjlqTkFlNVRsSl94dHg2VVNOTE81VUd1SXprcktfSDd0amVFeU95YjB6dWhwVjJNWVJhb3Q4eUQ1MnRNQ2xJekw2QQ?oc=5) · antiMusic
- 2015-11-11 [UGA professor Mehrsa Baradaran's book details bank shortcomings for poor - Online Athens](https://news.google.com/rss/articles/CBMi0wFBVV95cUxQU0d3QUJPVjhJUHhLY0VuWHNJUzhCSUV2M2ZEQW5sek1TeWdUZDJsaUtnc3gwc2VxLWZUVXBzYTRseE5Gc1dFeXJubFhweEpJWjhucDdndUJtRWJYYnViWjg2Q3hra0Q1cjR4UUg0Qm54NWJsRU1VM0JMSTcyaEY5eVFNMXlMNmRPZVNfYWJPUkZWTWxzMXZPOFFaU3ZDWUF2S0kyZ3llY2hXUFZFUFgxM0gwTlJLNGU4TTZwc2FSWXFOTFdXRjRteGp1NE1fX1NXazdR?oc=5) · Online Athens
- 2023-02-06 [Disturbed Announces 2023 North American Tour Dates - 93.3 WMMR](https://news.google.com/rss/articles/CBMihgFBVV95cUxPUlI5VGM3R015Wm5YNHpVWmduWmhPZlhCdUI4ZTNNNzhRRDBoQnAtakpFSC1vaDdXSExKRzRoYWQtRzg1MEFuTUFHRUt2aTREaGNMcUJSUFBwZFNtOHNSa0ZZVFpCdHNfenFqUUpBSTNOQldod3ZidGoxb2RhR2tmcVJFZUdIdw?oc=5) · 93.3 WMMR
- 2025-05-23 [Falling In Reverse Announce Summer 2025 Headline Tour With Hollywood Undead, Sleep Theory And More - celebrityaccess.com](https://news.google.com/rss/articles/CBMi0wFBVV95cUxPNXl2c1JSZU1EbVRaN0ZFZktJVFp4am10d2IzMm9DaWVVRlNST0hFNk1BN2RGLVFDOFViMkl0dnBDMW1WZGlwVXJBeGRZS3ZiOW1xQzhGWGkwenJ1aWNZVG1EX3hlcld2ODV3U0JHMnlKZWEwZkExaXRocXp3RnZjeDhBcmVJX0NHbzUzOE9RQ3NqTkVYYTViM29EelVLSWdOM29WdVk1WTlrUmVNa2tTaTVGYmc3cXphbDRDTTVIcTJxTVJNRG5iREM4Z1JZRUdIWUhv?oc=5) · celebrityaccess.com

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=24545 (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/33.json (key "24545", 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=24545
- 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