# CAROLINA COOPERATIVE
Charlotte, NC · NCUA charter 24801 · asset band <$50M · latest filing 2026-03 · live
Share link (named URL with a preview card): https://getbookiq.com/cu/carolina-cooperative-24801

Who the members are: federal charter, multiple common bond, organized 1962, low-income designated. 8,490 members of 100,000 potential (8.5% of the field); checking penetration 44% (share draft accounts per 100 members); loans per 100 members 46.

**Verdict on the desk:** this could be *ordinary*. Composite score 3 of 18 (one point per flag across 17 flags, capital below 7% counted twice).

## What the filing shows

| Measure | Value |
|---|---|
| Total assets | $47.3M |
| Members | 8,490 (-14.4% YoY) |
| Full-time staff | 13 |
| Net worth | $6.6M |
| Net worth ratio | 13.9% (p43 of band) |
| ROA (annualized) | 0.41% (p42 of band) |
| Total delinquency | 1.35% (p69 of band) |
| Net charge-offs (annualized) | 0.43% (p73 of band) |
| Loans / shares | 80% (p81 of band) |
| Cash / assets | 27.3% |
| Borrowings / assets | 0.00% |
| Net interest margin | 3.63% (p40 of band) |
| Operating expense / assets | 4.99% (p78 of band) |
| Vehicles % of loans | 57% (p43 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 0% |
| Third-party paper % of net worth | 0% (p43 of band) |
| Vehicle delinquency | 1.49% (p73 of band) |
| Vehicle NCO | 0.00% (p35 of band) |
| Repossessed % of vehicle book | 0.02% (p91 of band) |
| Real estate % of loans | 22% |
| Credit cards % of loans | 3% |
| Unsecured % of loans | 11% |
| Commercial % of net worth | 47% |
| Core shares % of member funds | 57% |
| Certificates % of member funds | 26% |
| Average share balance | $3,007 |
| Participations bought / yr | $3.8M |
| Participations sold / yr | $0 |
| Participations outstanding | $8.8M |
| Loans outstanding per 100 members | 46% |
| Loans granted per 100 members, annualized | 18% |
| Average loan balance | $8,193 |
| Loans granted, annualized | $6.8M |

## Participation posture (from the same filings)

Bought $3.8M and sold $0 in the latest annualized quarter; $8.8M outstanding purchased (133.9% of net worth), $0 sold and retained. Sold in 0 and bought in 6 of the last 8 quarters. Shares -7.9% year over year.

## Flags firing in the latest filing

- **delinquency 2x band** (`aq_dq_high`)
- **assets shrinking** (`shrink_assets`)
- **members leaving** (`shrink_members`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 2 | expense trap, charge-offs p90 |  |
| 2016-06 | 2 |  |  |
| 2016-09 | 2 |  |  |
| 2016-12 | 1 |  | expense trap |
| 2017-03 | 4 | losing money, expense trap, margin squeeze, members leaving | charge-offs p90 |
| 2017-06 | 4 | charge-offs p90 | expense trap |
| 2017-09 | 2 | expense trap | losing money, members leaving, charge-offs p90 |
| 2017-12 | 0 |  | margin squeeze, expense trap |
| 2018-03 | 1 | delinquency rising |  |
| 2018-06 | 1 |  |  |
| 2018-09 | 1 |  |  |
| 2018-12 | 0 |  | delinquency rising |
| 2019-03 | 0 |  |  |
| 2019-06 | 0 |  |  |
| 2019-09 | 0 |  |  |
| 2019-12 | 0 |  |  |
| 2020-03 | 0 |  |  |
| 2020-06 | 3 | net worth falling, margin squeeze, auto monoline |  |
| 2020-09 | 2 |  | net worth falling |
| 2020-12 | 2 |  |  |
| 2021-03 | 3 | net worth falling |  |
| 2021-06 | 1 |  | margin squeeze, net worth falling |
| 2021-09 | 2 | expense trap |  |
| 2021-12 | 2 |  |  |
| 2022-03 | 1 |  | expense trap |
| 2022-06 | 3 | delinquency 2x band, loans>95% of shares |  |
| 2022-09 | 2 |  | delinquency 2x band |
| 2022-12 | 3 | delinquency rising |  |
| 2023-03 | 1 |  | loans>95% of shares, delinquency rising |
| 2023-06 | 2 | delinquency 2x band |  |
| 2023-09 | 5 | delinquency rising, assets shrinking, loan book shrinking |  |
| 2023-12 | 5 |  |  |
| 2024-03 | 6 | losing money |  |
| 2024-06 | 5 |  | losing money |
| 2024-09 | 5 |  |  |
| 2024-12 | 4 |  | delinquency rising |
| 2025-03 | 5 | members leaving |  |
| 2025-06 | 6 | losing money |  |
| 2025-09 | 6 |  |  |
| 2025-12 | 3 |  | auto monoline, delinquency 2x band, loan book shrinking |
| 2026-03 | 3 | delinquency 2x band | losing money |

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

- 2020-03-09 [Stephanie Bohannon Obituary - Charlotte, NC - Dignity Memorial](https://news.google.com/rss/articles/CBMiigFBVV95cUxPVjJKRll3Q2ZDZXhaMmtCWlpIakFiVEdVQzN3akVXQTBfWEJ1VHRzRTJmYXRqVm5POEF1czEtR2lLdlZjSWpnUXRtYkthN01oOElIUzBfRkN0UW0tUzh1NDZXay1meDZiOWYxN1huNTdpQVlCdTBxbUt5QXJadjl2cUd2RkxtQzdHZWc?oc=5) · Dignity Memorial
- 2012-09-14 [Police search for two men who disappeared after bank robbery - WSOC TV](https://news.google.com/rss/articles/CBMimwFBVV95cUxOQWw5YnNHVmZMTVRJck1OTGc1OUpJbzg1bHY1bjdrMnFpXzdkZzdwVzdBU0MzQWdsLVd5OW1TQXpCamZSOHNWY3VGNVVyMGtYRFBqMFh1VVo2UVhwMTVLSjdSekQ0dDVrdFNseHdhMVhUU1dKbWdHSjZYMFZLMnhMeVlfM3laTEhCQTQxaEJtZU1PZHdNOWtHejVHVdIBrwFBVV95cUxOaEJ6NTFCcGFTSFl0SWJzeWhuZGdxRkJ2amZEV0xic0JIVm9ON3ktaElITFZ2Q2ZDTVFLM3Q3MmJWQ09rdjRKQUQ1ZXlGa1d6bjJFVXJOcklYLWc3Q082dE96Mkx5Z01BMU5jaldWVVF0ZVhkcl96Q0VtckZhQkVYLVNuWWhvVmFBc2xhOG9UaE0zU01kTnVGdkM2VkYzaWwxQ0VGNkQwdzBmU093c3Nv?oc=5) · WSOC TV
- 2020-04-22 [Celebrations, June 17 - dailyadvance.com](https://news.google.com/rss/articles/CBMitAFBVV95cUxPajZRZ1lHYjlBa1ZNSGRrVkE4UEctMHlqcHJnZU9fdWo4QWkxb2JwLUdUN05mRW1oRktHSVZDMzFfVU9zNFNoQnZ6ZU9vZjJyZG1zUU9WeWwwdjd4UnFpUUpoMFFWREVnUi1IQjJqWk5MeGFCSWFwODBTMTMyUWt3T1pLMmh2eTQxWEVwUUduaHRVQUxxaUt2YklWZjJjalp0Ymp3dlpmVmtXWVBHU2Z1TFloOVY?oc=5) · dailyadvance.com
- 2022-05-16 [Billy Reid Obituary - Charlotte, NC - Dignity Memorial](https://news.google.com/rss/articles/CBMigAFBVV95cUxPdkF0NGh2M2piTjR0TkNXTTk0bXNjaXZxNXoybXZpWTdVS1NQVjQ5bW1MOGdRMHRHeFEwT0RFM3RxVnk5MElQUWhTUkJobHVXMzdVdDYzSENsUFozQm5UYzdaQWdwVjZrdTZmNGVqdTZNenVqMVpTQmoxSm0yazBjQg?oc=5) · Dignity Memorial
- 2015-02-04 [Wade Horne Obituary (2015) - Gastonia, NC - Gaston Gazette - Legacy obituary](https://news.google.com/rss/articles/CBMikAFBVV95cUxQYkF6UnI2bTZwQ2JJSnRRSVlMdVZLMjVtaG9DVF95OGF0ejJnR3FQcHJkUUFNMXF4dVdMNHhVTk1rSlJfZ2hfUUxlcnBwUVRFZFhQd1dTd0dxcHo2Rm5Ia2RCdDBkRTB2SnlqSm1zVHYxZ1ZHY090N0Q5VTUtQUNaNlVwVnJDVlU1c0Y4N2dkWlY?oc=5) · Legacy obituary

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=24801 (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 "24801", 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=24801
- 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