# NEXTMARK
Fairfax, VA · NCUA charter 24658 · asset band $500M-1B · latest filing 2024-12 · stopped filing after 2024-12 (departed; for a credit union that is almost always a merger)
Share link (named URL with a preview card): https://getbookiq.com/cu/nextmark-24658

Who the members are: federal charter, multiple common bond, organized 1958. 16,208 members of 2,500,000 potential (0.7% of the field); checking penetration 58% (share draft accounts per 100 members); loans per 100 members 43.

**Verdict on the desk:** this could be *stressed*. Composite score 5 of 18 (one point per flag across 17 flags, capital below 7% counted twice).

## What the filing shows

| Measure | Value |
|---|---|
| Total assets | $515.7M |
| Members | 16,208 (-3.3% YoY) |
| Full-time staff | 56 |
| Net worth | $84.0M |
| Net worth ratio | 16.3% (p94 of band) |
| ROA (annualized) | 0.78% (p73 of band) |
| Total delinquency | 1.18% (p77 of band) |
| Net charge-offs (annualized) | 0.21% (p23 of band) |
| Loans / shares | 117% (p100 of band) |
| Cash / assets | 2.6% |
| Borrowings / assets | 16.76% |
| Net interest margin | 3.51% (p76 of band) |
| Operating expense / assets | 2.88% (p23 of band) |
| Vehicles % of loans | 4% (p2 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 0% |
| Third-party paper % of net worth | 0% (p7 of band) |
| Vehicle delinquency | 0.00% (p1 of band) |
| Vehicle NCO | 0.15% (p6 of band) |
| Repossessed % of vehicle book | 0.00% (p19 of band) |
| Real estate % of loans | 94% |
| Credit cards % of loans | 1% |
| Unsecured % of loans | 2% |
| Commercial % of net worth | 0% |
| Core shares % of member funds | 45% |
| Certificates % of member funds | 37% |
| Average share balance | $11,938 |
| Participations bought / yr | $0 |
| Participations sold / yr | $0 |
| Participations outstanding | – |
| Loans outstanding per 100 members | 43% |
| Loans granted per 100 members, annualized | 11% |
| Average loan balance | $58,544 |
| Loans granted, annualized | $47.0M |

## Flags firing in the latest filing

- **delinquency rising** (`aq_dq_rising`)
- **assets shrinking** (`shrink_assets`)
- **members leaving** (`shrink_members`)
- **loans>95% of shares** (`str_ltos`)
- **leaning on borrowings** (`str_borrowings`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 1 | leaning on borrowings |  |
| 2016-06 | 2 | loans>95% of shares |  |
| 2016-09 | 2 |  |  |
| 2016-12 | 2 |  |  |
| 2017-03 | 2 |  |  |
| 2017-06 | 2 |  |  |
| 2017-09 | 2 |  |  |
| 2017-12 | 2 |  |  |
| 2018-03 | 2 |  |  |
| 2018-06 | 3 | delinquency rising |  |
| 2018-09 | 3 |  |  |
| 2018-12 | 2 |  | delinquency rising |
| 2019-03 | 2 |  |  |
| 2019-06 | 3 | net worth falling |  |
| 2019-09 | 2 |  | net worth falling |
| 2019-12 | 2 |  |  |
| 2020-03 | 3 | margin squeeze |  |
| 2020-06 | 3 |  |  |
| 2020-09 | 3 |  |  |
| 2020-12 | 3 |  |  |
| 2021-03 | 3 |  |  |
| 2021-06 | 2 |  | margin squeeze |
| 2021-09 | 3 | members leaving |  |
| 2021-12 | 2 | delinquency rising | loans>95% of shares, members leaving |
| 2022-03 | 1 |  | delinquency rising |
| 2022-06 | 4 | delinquency rising, assets shrinking, loans>95% of shares |  |
| 2022-09 | 3 |  | assets shrinking |
| 2022-12 | 2 |  | delinquency rising |
| 2023-03 | 2 |  |  |
| 2023-06 | 2 |  |  |
| 2023-09 | 2 |  |  |
| 2023-12 | 2 |  |  |
| 2024-03 | 3 | delinquency rising |  |
| 2024-06 | 3 |  |  |
| 2024-09 | 3 |  |  |
| 2024-12 | 5 | assets shrinking, members leaving |  |

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

- 2024-06-18 [Apple Federal Credit Union nears $5B mark with latest merger - The Business Journals](https://news.google.com/rss/articles/CBMipAFBVV95cUxNZU9sWjVxX0l3Qjk3ZWlKbVRCLTlnOUlXNExneDlKUGxFUHJRTkVjZ3JJdjlUT1YxSDdJNUVrS2lnMS1tUmxSMXB2MThXM28tdmFEbENzWFBfY291bXg0SDJoRHd0ZTBvWVd3NDZtQjBXZEdMY05hUVVFcTY3VGp2MnZFVml4TW9iNl9mdmVvVDBpZW41WmRXWm9Ta2FCenc2bG1hRQ?oc=5) · The Business Journals
- 2024-12-08 [Apple FCU/NextMark Combination Approved - cutoday.info](https://news.google.com/rss/articles/CBMiggFBVV95cUxNR2JqelJ0S25xLXBndzRUMHdOTUhubFhSY3FDOE44cTdMWmtKY2gzSzRtN3gwckNkS0pnNWJfcDE0ODM4ZllhdVU2UV9HZTRRd1NqamtrX1R4UWtZZTZTdE5FTnRmWVhBdkdLVldObjNVekRqZkNoOEVjQ3RuNHdXWF9B?oc=5) · cutoday.info
- 2024-06-14 [BNY's new branding, Virginia credit unions to merge - americanbanker.com](https://news.google.com/rss/articles/CBMinwFBVV95cUxOZmlvck5uRXNkS2tXbC1GUWVCS2hzUXAxcGE0ck8zX2M3TU03MFotUEdfTWJfOTB6NUdlRUwzNF9NSmVkQjc2OGVnS1pDTW5jTm1xaWRWUU1YWUx2eV9qQ01JOVQ3czhMbmNXSm9UWkM4aFlTM2VEbVVLTXVBMWg2bVluMHpWa1Y1ZDJNaWMzMUY5YlBtX1BzQldPeUFRd1U?oc=5) · americanbanker.com
- 2024-03-20 [Retail Banks Branch Out With Video Technology, Bold Colors — and Few Tellers - The Financial Brand](https://news.google.com/rss/articles/CBMitgFBVV95cUxOQnhCNWw1TUtPZGkwRVMwdDBsSmhMVHRxbXljVG9MaGRnNmJ1Y2trRllvUVJaZmxuczhQbmdJN0loZW5xb09mVVpfbXZsNlg5UkNJNjZnYUdyOXc4aHFVbDJEY0kyRmRFVS1VeFVETThOVHBKbWVQeWRLV0tMTm5ucFA5N0dySVAzQ1hEQmUxdDlqUlpzWFdRdHlXMEdBd2JyQ1JkcFljMDNKQzhIT1UzRFRpYmZaQQ?oc=5) · The Financial Brand
- 2026-03-01 [Virginia banks saw big mergers and acquisitions in 2025 - Virginia Business](https://news.google.com/rss/articles/CBMidEFVX3lxTE1WOWxCLXJ4V01nNEgwWnFpQU11bjJaam5sMWNKMThHSkFJTG1pVjhHcTNBVGt6VGJkU1V5QjFfRy1aNkpWWWUtYVBqTlFzUzFqckx4clRQejkyY1IwdVRWakZyaWp6azgweEVzVnlDQkFRUXJW?oc=5) · Virginia Business
- 2024-09-04 [League of Southeastern Credit Unions expand into Virginia with new strategic partnerships - Yellowhammer News](https://news.google.com/rss/articles/CBMiuwFBVV95cUxNRmRHV3RHUDB6WEFla29yRmtlTnVkdFpUZUl3cjJsby1MVmp2clI1bUFMaDE4X3JVR3QxU1h0Y21QV3JrQ011U0dGZW9pYW8yYV9jOWswVE5TN25xV3hhZ2U0QU9ucFhlLWJUUFZOZ2cyUTNhcC1ObDBfbC00ZmVCanhYa0tvTFJoT0VGc3QtREVSRHRnYmRReVFDMHpVT2dMQUN1bXNvLWFLMlR2MnNCWjFvMmVOUHB0V1pJ?oc=5) · Yellowhammer News
- 2024-02-13 [Virginia Credit Union League Appoints Karima Freeman to Serve as Interim CEO - citybiz](https://news.google.com/rss/articles/CBMitgFBVV95cUxQclBNQ09VRHllMU5mcmw0ekUtXzNjeWZyNDZ3VWZ5elpROVNzRTJsMnh0MWVtM3RNYVFkVFBDQ2ZLc1FxbEVrTGRjWUdUZHdpME15S2FJSXJEanhISGNLa0FYb2RuSVVSalg2OFRMYVFzS0ZhRFBGSG5BX1NiNHV0QldzMjFhUU9weW1PdDloQktiR1RscXNXbnNkeXJIZ1ljOEszRGNPc19RaWx2ZkQtUHlfcXNBQQ?oc=5) · citybiz
- 2026-02-01 [After bank mergers comes ‘big work’ of integration - Virginia Business](https://news.google.com/rss/articles/CBMifEFVX3lxTE1mYjlSWERiYnpEUW1RM2NoTnYwYi0wTnpMVnFrWWJPVF9SY0FFOUkxS293QW1oR0Roc3pUdDFzUWtkcGNIa2lzQkpPbE95dVgweHJzU3RtZ0EtaWpxdjR1clc4bWlHUC1uUF8zMGxTLWJFdTlUME15NjU4Znk?oc=5) · Virginia Business

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=24658 (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/18.json (key "24658", 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=24658
- 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