# WELCOME
MORRISVILLE, NC · NCUA charter 24807 · asset band $50-100M · latest filing 2026-03 · live
Share link (named URL with a preview card): https://getbookiq.com/cu/welcome-24807

Who the members are: federal charter, multiple common bond, organized 1974, low-income designated. 6,330 members of 146,118 potential (4.3% of the field); checking penetration 48% (share draft accounts per 100 members); loans per 100 members 35.

**Verdict on the desk:** this could be *liquidity-rich*. Composite score 0 of 18 (one point per flag across 17 flags, capital below 7% counted twice).

## What the filing shows

| Measure | Value |
|---|---|
| Total assets | $93.8M |
| Members | 6,330 (-2.4% YoY) |
| Full-time staff | 22 |
| Net worth | $11.9M |
| Net worth ratio | 12.7% (p49 of band) |
| ROA (annualized) | 0.19% (p21 of band) |
| Total delinquency | 0.97% (p71 of band) |
| Net charge-offs (annualized) | 0.17% (p41 of band) |
| Loans / shares | 55% (p40 of band) |
| Cash / assets | 31.1% |
| Borrowings / assets | 0.00% |
| Net interest margin | 3.85% (p60 of band) |
| Operating expense / assets | 4.31% (p74 of band) |
| Vehicles % of loans | 30% (p30 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 0% |
| Third-party paper % of net worth | 4% (p59 of band) |
| Vehicle delinquency | 0.39% (p40 of band) |
| Vehicle NCO | 0.33% (p56 of band) |
| Repossessed % of vehicle book | 0.01% (p76 of band) |
| Real estate % of loans | 62% |
| Credit cards % of loans | 2% |
| Unsecured % of loans | 6% |
| Commercial % of net worth | 0% |
| Core shares % of member funds | 62% |
| Certificates % of member funds | 26% |
| Average share balance | $7,915 |
| Participations bought / yr | $0 |
| Participations sold / yr | $0 |
| Participations outstanding | $427,048 |
| Loans outstanding per 100 members | 35% |
| Loans granted per 100 members, annualized | 21% |
| Average loan balance | $20,223 |
| Loans granted, annualized | $10.7M |

## Participation posture (from the same filings)

Bought $0 and sold $0 in the latest annualized quarter; $427,048 outstanding purchased (3.6% of net worth), $0 sold and retained. Sold in 0 and bought in 0 of the last 8 quarters. Shares 0.7% year over year.

## Flags firing in the latest filing

- none

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 0 |  |  |
| 2016-06 | 0 |  |  |
| 2016-09 | 0 |  |  |
| 2016-12 | 0 |  |  |
| 2017-03 | 2 | delinquency 2x band, delinquency rising |  |
| 2017-06 | 2 |  |  |
| 2017-09 | 1 |  | delinquency rising |
| 2017-12 | 2 | members leaving |  |
| 2018-03 | 3 | losing money |  |
| 2018-06 | 4 | assets shrinking |  |
| 2018-09 | 2 |  | delinquency 2x band, members leaving |
| 2018-12 | 1 |  | losing money |
| 2019-03 | 0 |  | assets shrinking |
| 2019-06 | 3 | delinquency 2x band, delinquency rising, loan book shrinking |  |
| 2019-09 | 4 | members leaving |  |
| 2019-12 | 4 |  |  |
| 2020-03 | 6 | net worth falling, losing money, margin squeeze | delinquency rising |
| 2020-06 | 4 |  | loan book shrinking, members leaving |
| 2020-09 | 4 |  |  |
| 2020-12 | 4 |  |  |
| 2021-03 | 2 |  | losing money, margin squeeze |
| 2021-06 | 2 | members leaving | net worth falling |
| 2021-09 | 3 | delinquency rising |  |
| 2021-12 | 2 |  | delinquency rising |
| 2022-03 | 3 | losing money |  |
| 2022-06 | 2 |  | members leaving |
| 2022-09 | 1 |  | delinquency 2x band |
| 2022-12 | 1 |  |  |
| 2023-03 | 2 | assets shrinking |  |
| 2023-06 | 2 |  |  |
| 2023-09 | 2 |  |  |
| 2023-12 | 1 |  | losing money |
| 2024-03 | 0 |  | assets shrinking |
| 2024-06 | 2 | delinquency 2x band, delinquency rising |  |
| 2024-09 | 3 | loan book shrinking |  |
| 2024-12 | 4 | members leaving |  |
| 2025-03 | 4 |  |  |
| 2025-06 | 3 |  | delinquency rising |
| 2025-09 | 2 |  | loan book shrinking |
| 2025-12 | 1 |  | members leaving |
| 2026-03 | 0 |  | delinquency 2x band |

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

- 2026-09-08 [54 Credit Union Leaders Earn CUDE Designation - cutoday.info](https://news.google.com/rss/articles/CBMiigFBVV95cUxOZVpnbEstUFVkSDRERlRkaWlLX240b3pWSm1DMTN4VW83REFRZzFMU2w5eDcxSGVhRVdnSlk1c3pMcmJtWk5OeUVvb0tLMWVoT3FRNElON1pPM21aZGR0eEI0SWhUY0wtN0lSSDFsSmJBcDQxenBmZFJSbzhNT2tmTFdZTXphWUZtN0E?oc=5) · cutoday.info
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- 2026-02-17 [ABNB Federal Credit Union to Acquire Two North Carolina Bank Branches - CUTimes](https://news.google.com/rss/articles/CBMiqAFBVV95cUxOeHl5TkJKa3pxQzNadE1fcHVFRFNkRkRCSU1CREdSdTAzRTVuQlJUTzZ3SkZZNUpUaGNJcUotOWo0Vl9fZHcwX0VSOWxoM0VNcEI1bUlkaWUtOGtvNVRvS2VNVzQ0Y2VlS0psSWo5SVRKaGtyRmJwdmhob092NkFrUERMcG1fQTM5LXFPakNiNUJpNEU2MXBBTEdrYTdldnFxRzFiVzZXdGo?oc=5) · CUTimes
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- 2026-04-30 [Tedeschi Trucks Band Welcome Todd Smallie in Raleigh, Announce Newport Folk Festival Performance - Relix](https://news.google.com/rss/articles/CBMiwwFBVV95cUxPakhzSzFqb2tsb2NhUVNBU0pOVWtCRkRoRlA3a0V6MGpQSWZld3BFdGJ2YXdSc3pSaHpWcWFzTW9PbFZXdm1vay13N1EwczlRcXpmZmNnZ2pCOGx4Qmc4X2swV2dYRFFxRjZ1X2QzYksxV2diN3ZOX1Jfb2tOT21saFoxWmZKTkVGVGNlRWFsQ2ljd3NHTWN1RUdNRlp5TjZFWWF3VFpsWm5vYmhmczgzU1lUeHB2UTUzRzUtLWgyNUhVU0U?oc=5) · Relix
- 2026-07-18 [Phish Deliver a Four-Song Second Set and Four-Song Encore in Raleigh, Relaunch '90s Newsletter - Jambands](https://news.google.com/rss/articles/CBMiygFBVV95cUxPZEcxOENvNWx3OWQtdlkzSGlMTFJ1T09zVW1pQURjdlZxemhRcjRzV00zWHBKclJxbVYtV1llT1ZaTENJMUFRX0g5QmdmTTBoU1Z3bTB6bXFuZWNjdHdrSjBhcGZRbV9wQnFvVzVYNk5ncUJocnNzeUJlZnc4Z3FhbWRDYUNjdk1yOU1IdURVVGhMazVpMi1DX29pNW45clBiR2RiU3psMGtfRDNWUFF2eHVMdGMzV19vSnUxTXBkUnF2WTBIME85U2ZR?oc=5) · Jambands

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=24807 (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/39.json (key "24807", 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=24807
- 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