# SOUTH SIDE COMMUNITY
Chicago, IL · NCUA charter 24704 · asset band <$50M · latest filing 2026-03 · live
Share link (named URL with a preview card): https://getbookiq.com/cu/south-side-community-24704

Who the members are: federal charter, community charter, organized 2003, low-income designated, minority depository institution. 1,550 members of 75,000 potential (2.1% of the field); checking penetration 21% (share draft accounts per 100 members); loans per 100 members 10.

**Verdict on the desk:** this could be *stressed*. Composite score 9 of 18 (one point per flag across 17 flags, capital below 7% counted twice).

## What the filing shows

| Measure | Value |
|---|---|
| Total assets | $5.4M |
| Members | 1,550 (-3.1% YoY) |
| Full-time staff | 3 |
| Net worth | $1.1M |
| Net worth ratio | 20.5% (p76 of band) |
| ROA (annualized) | -2.24% (p5 of band) |
| Total delinquency | 2.25% (p80 of band) |
| Net charge-offs (annualized) | 0.28% (p68 of band) |
| Loans / shares | 35% (p18 of band) |
| Cash / assets | 70.1% |
| Borrowings / assets | 5.05% |
| Net interest margin | 5.05% (p87 of band) |
| Operating expense / assets | 7.81% (p96 of band) |
| Vehicles % of loans | 78% (p80 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 61% |
| Third-party paper % of net worth | 128% (p98 of band) |
| Vehicle delinquency | 2.80% (p86 of band) |
| Vehicle NCO | 0.00% (p35 of band) |
| Repossessed % of vehicle book | 0.00% (p46 of band) |
| Real estate % of loans | 6% |
| Credit cards % of loans | 0% |
| Unsecured % of loans | 9% |
| Commercial % of net worth | 0% |
| Core shares % of member funds | 89% |
| Certificates % of member funds | 1% |
| Average share balance | $2,775 |
| Participations bought / yr | $0 |
| Participations sold / yr | $0 |
| Participations outstanding | $713,365 |
| Loans outstanding per 100 members | 10% |
| Loans granted per 100 members, annualized | 3% |
| Average loan balance | $9,354 |
| Loans granted, annualized | $325,044 |

## Participation posture (from the same filings)

Bought $0 and sold $0 in the latest annualized quarter; $713,365 outstanding purchased (64.6% of net worth), $0 sold and retained. Sold in 0 and bought in 3 of the last 8 quarters. Shares -4.9% year over year.

## Flags firing in the latest filing

- **net worth falling** (`cap_falling`)
- **losing money** (`earn_negative`)
- **expense trap** (`earn_opex`)
- **delinquency 2x band** (`aq_dq_high`)
- **assets shrinking** (`shrink_assets`)
- **members leaving** (`shrink_members`)
- **leaning on borrowings** (`str_borrowings`)
- **3rd-party paper>100% NW** (`str_thirdparty`)
- **auto monoline** (`str_vehicle`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 6 | thin capital, losing money, expense trap, delinquency 2x band, charge-offs p90, leaning on borrowings |  |
| 2016-06 | 5 | auto monoline | charge-offs p90, leaning on borrowings |
| 2016-09 | 6 | net worth falling |  |
| 2016-12 | 6 | leaning on borrowings | net worth falling |
| 2017-03 | 5 |  | auto monoline |
| 2017-06 | 6 | assets shrinking, loan book shrinking | losing money |
| 2017-09 | 6 |  |  |
| 2017-12 | 5 | auto monoline | assets shrinking, loan book shrinking |
| 2018-03 | 7 | members leaving, 3rd-party paper>100% NW |  |
| 2018-06 | 5 |  | thin capital, delinquency 2x band |
| 2018-09 | 5 | delinquency 2x band | members leaving |
| 2018-12 | 5 | members leaving | delinquency 2x band |
| 2019-03 | 5 |  |  |
| 2019-06 | 4 | losing money | leaning on borrowings, members leaving |
| 2019-09 | 4 | charge-offs p90 | losing money |
| 2019-12 | 7 | delinquency 2x band, delinquency rising, members leaving, loan book shrinking | charge-offs p90 |
| 2020-03 | 7 | net worth falling, margin squeeze | delinquency rising, loan book shrinking |
| 2020-06 | 5 |  | delinquency 2x band, margin squeeze |
| 2020-09 | 8 | thin capital, margin squeeze, delinquency 2x band |  |
| 2020-12 | 6 |  | members leaving, delinquency 2x band |
| 2021-03 | 8 | delinquency 2x band, loan book shrinking |  |
| 2021-06 | 6 |  | 3rd-party paper>100% NW, net worth falling |
| 2021-09 | 7 | delinquency rising |  |
| 2021-12 | 7 | charge-offs p90 | thin capital |
| 2022-03 | 6 |  | margin squeeze |
| 2022-06 | 8 | margin squeeze, leaning on borrowings |  |
| 2022-09 | 7 | members leaving | auto monoline, margin squeeze |
| 2022-12 | 8 | assets shrinking |  |
| 2023-03 | 6 | auto monoline | charge-offs p90, leaning on borrowings, assets shrinking |
| 2023-06 | 5 | charge-offs p90 | delinquency rising, auto monoline |
| 2023-09 | 6 | net worth falling, assets shrinking | members leaving |
| 2023-12 | 8 | losing money, leaning on borrowings, auto monoline | net worth falling |
| 2024-03 | 7 |  | auto monoline |
| 2024-06 | 8 | net worth falling |  |
| 2024-09 | 7 |  | delinquency 2x band |
| 2024-12 | 7 | members leaving | leaning on borrowings |
| 2025-03 | 5 | delinquency 2x band | charge-offs p90, losing money, net worth falling |
| 2025-06 | 5 | 3rd-party paper>100% NW, auto monoline | loan book shrinking, delinquency 2x band |
| 2025-09 | 7 | losing money, leaning on borrowings |  |
| 2025-12 | 7 | delinquency 2x band, delinquency rising | 3rd-party paper>100% NW, leaning on borrowings |
| 2026-03 | 9 | net worth falling, leaning on borrowings, 3rd-party paper>100% NW | delinquency rising |

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

- 2018-03-19 [Chicago’s only black-owned credit union soldiers on - Northwestern University](https://news.google.com/rss/articles/CBMinAFBVV95cUxQdXVlRVNHYUYyWVE5VExMaGN4X1lTdkk4ZnNlcHBtQS12WDBuR2RhZ2xJLWtzekJ0WUwxUGx1dkxYZ3FTWDVwNlptRFQxRlRvaUxpOVFIeWpqYUl3dFBaemxVNHRKbm15THZnbTJtSUZRMDFCd2tHMDdIbWtyUVUwNUJoTTFGa1ZFaXFZVGtoZmRRWmVzY3l2UGpWZ1A?oc=5) · Northwestern University
- 2016-07-12 [Banking on the black community - The Chicago Reporter](https://news.google.com/rss/articles/CBMib0FVX3lxTE83NnNyUzVyTWVERDItWWZnZ0hwNEJCMmpnVWptb1o3MVd2aWtwQ1ZoRmR0QkdBNVNMZWZ4aWs3dndTeEYyS1dFT1BQV2c4cmhsNUw3N1NEWm01VTZmQVF5VXY0UWw1RmdiVXdEOFNLOA?oc=5) · The Chicago Reporter
- 2024-07-23 [Illinois CU League Announces Winners of its 2024 Awards - cutoday.info](https://news.google.com/rss/articles/CBMilwFBVV95cUxOVG9BVHVZemJrb0tmN0UzTGZVYWp0aUhpZ1ZfalNORnZDcWtNWHlWR3BLMkFmcllreVlNYmZFdGhNbnNBejBOeXgyWGtyVWtXa0tVNDFhSFVreDU0NHlfak9OYzJiYmdMNFE4V0xOZE0tT2NYbzFETmxsX3hoNnNpQzdFMFYtOU5EZTJlMGN6VDVMeFg3dzln?oc=5) · cutoday.info
- 2020-07-01 [Black-Owned Banks by State - Investopedia](https://news.google.com/rss/articles/CBMicEFVX3lxTFB5NHlXMVFqNU0wTjdESlM2b0g4OGp5ODQ0cTNtOW83eFBEMTBWbl9kUUp4VTNHX3plLVBlS3J1X3VNMGdhcDVaajZrZTJlX3RuS3FPNjJHWkNBSlRxbExsUFVlbUJfTjhZa3B3TS02Q2M?oc=5) · Investopedia
- 2025-02-19 [Black Owned Credit Unions You Should Know - Shoppe Black](https://news.google.com/rss/articles/CBMiXkFVX3lxTE1rWVo2ZldNTEZ4XzlKSlVoaC0yaXlSMmd5dFI0cmpoU0Z3cG8wR0tvT2EtdkI4U1NfamlsT01adjM4RXlfWFRVWkh0RXVXTDc3SG5TVHIwWWJSUVpuVnc?oc=5) · Shoppe Black
- 2022-06-17 [‘Chicago Tonight’ in Your Neighborhood: Fuller Park - WTTW News](https://news.google.com/rss/articles/CBMihAFBVV95cUxQZkQ3MGhBRk1ycDBiSjNHRDdWbzFOeWVka01OSVNHeThHY0NSX2pwNXhDU3UtdHQ2QTRUQWxfSm9YVGtPSWtUaHdzemNEZ1NkN2RBNVRqS3hURHVlWUptUEhHOUV5NW9ld1BKbWRxZFlOTW8xaC04Tko4RUZSakFHNnZuTGY?oc=5) · WTTW News
- 2016-09-23 [With increased competition from larger banks, Bank Black movement faces challenges - Chicago Tribune](https://news.google.com/rss/articles/CBMiwgFBVV95cUxNUkdMTTRldkxUY05jdUc5VFE0Q2s0eU9FYjB3TkRpQjg0NW1FNlJ5STgxdGJ5akg0emdsWnd5QjVtaXg4SFRDUUJFOGYtUTI3QWVCTVZ1eVZ4SkpSei1QZEtCcXdsVU1nM216SUFDVEpkRkFRVHNHOFJOSWdSNXo5ejB0dUp0QmVtcWpkdEwzSHZLaHZaaXpnMVZYcWhHTUl2OUJVNjVtMjJ5aEY5Yy1IZ1F5dkdpdGVleWJTY2NRWl9xdw?oc=5) · Chicago Tribune
- 2016-07-29 [BankBlack movement sends deposits soaring but Chicago’s Seaway still needs investment to stay afloat - Chicago Reader](https://news.google.com/rss/articles/CBMizAFBVV95cUxOTU5ONEdTaHdwSEo1UE0wRU9pTTVkZmNXV3NJV0VWb3pZM1VCUy1JVndlbVZ0S1VwaU9jTU1FdmxqaFRJVC1Gc3pySnVwYy1BaHZTeW9IQjFrTWY4aWkwdHA3SDRBNnRtWlpPaWZqOW1LYkVmRTYtTFVoWHFmOHZIRE02ODZEM24zdHlDWldPaEc4VUMzVGR3VWJ1STFPNVZkWGZ2RkxkQmx0ck1NWC0ycEVrRkJqUEh2VHlKMlRqZ2R6WmRvb3ctNHhWQVY?oc=5) · Chicago Reader

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=24704 (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/0.json (key "24704", 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=24704
- 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