# JEFFERSON FINANCIAL
Metairie, LA · NCUA charter 24871 · asset band $500M-1B · latest filing 2025-06 · stopped filing after 2025-06 (departed; for a credit union that is almost always a merger)
Share link (named URL with a preview card): https://getbookiq.com/cu/jefferson-financial-24871

Who the members are: federal charter, multiple common bond, organized 1966, low-income designated. 41,460 members of 1,245,929 potential (3.3% of the field); checking penetration 59% (share draft accounts per 100 members); loans per 100 members 54.

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

## What the filing shows

| Measure | Value |
|---|---|
| Total assets | $675.2M |
| Members | 41,460 (-7.9% YoY) |
| Full-time staff | 140 |
| Net worth | $66.9M |
| Net worth ratio | 9.9% (p42 of band) |
| ROA (annualized) | -1.12% (p0 of band) |
| Total delinquency | 1.59% (p91 of band) |
| Net charge-offs (annualized) | 0.93% (p84 of band) |
| Loans / shares | 90% (p69 of band) |
| Cash / assets | 6.8% |
| Borrowings / assets | 18.49% |
| Net interest margin | 2.66% (p13 of band) |
| Operating expense / assets | 4.85% (p94 of band) |
| Vehicles % of loans | 24% (p34 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 47% |
| Third-party paper % of net worth | 190% (p67 of band) |
| Vehicle delinquency | 0.66% (p51 of band) |
| Vehicle NCO | 2.90% (p93 of band) |
| Repossessed % of vehicle book | 0.00% (p17 of band) |
| Real estate % of loans | 51% |
| Credit cards % of loans | 3% |
| Unsecured % of loans | 11% |
| Commercial % of net worth | 60% |
| Core shares % of member funds | 67% |
| Certificates % of member funds | 22% |
| Average share balance | $5,130 |
| Participations bought / yr | $0 |
| Participations sold / yr | $0 |
| Participations outstanding | – |
| Loans outstanding per 100 members | 54% |
| Loans granted per 100 members, annualized | 7% |
| Average loan balance | $20,058 |
| Loans granted, annualized | $70.8M |

## Flags firing in the latest filing

- **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`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-09 | 2 | loans>95% of shares, leaning on borrowings |  |
| 2016-12 | 2 |  |  |
| 2017-03 | 3 | net worth falling |  |
| 2017-06 | 1 |  | loans>95% of shares, leaning on borrowings |
| 2017-09 | 2 | leaning on borrowings |  |
| 2017-12 | 5 | thin capital, margin squeeze, charge-offs p90 |  |
| 2018-03 | 3 |  | margin squeeze, charge-offs p90 |
| 2018-06 | 1 |  | net worth falling, thin capital |
| 2018-09 | 1 |  |  |
| 2018-12 | 2 | members leaving |  |
| 2019-03 | 2 |  |  |
| 2019-06 | 2 |  |  |
| 2019-09 | 4 | delinquency 2x band, delinquency rising, assets shrinking | members leaving |
| 2019-12 | 5 | members leaving |  |
| 2020-03 | 6 | loan book shrinking |  |
| 2020-06 | 4 | margin squeeze | delinquency 2x band, delinquency rising, assets shrinking |
| 2020-09 | 3 |  | members leaving |
| 2020-12 | 5 | net worth falling, losing money |  |
| 2021-03 | 6 | delinquency 2x band |  |
| 2021-06 | 5 | delinquency rising, assets shrinking | margin squeeze, net worth falling, losing money |
| 2021-09 | 6 | losing money |  |
| 2021-12 | 4 |  | loan book shrinking, losing money |
| 2022-03 | 7 | losing money, charge-offs p90, members leaving, 3rd-party paper>100% NW | delinquency rising |
| 2022-06 | 5 |  | assets shrinking, charge-offs p90 |
| 2022-09 | 6 | delinquency rising |  |
| 2022-12 | 6 | net worth falling | delinquency rising |
| 2023-03 | 5 | delinquency rising | losing money, net worth falling |
| 2023-06 | 5 |  |  |
| 2023-09 | 6 | losing money, assets shrinking | delinquency rising |
| 2023-12 | 8 | delinquency rising, loans>95% of shares |  |
| 2024-03 | 7 |  | delinquency rising |
| 2024-06 | 8 | charge-offs p90 |  |
| 2024-09 | 8 | net worth falling | loans>95% of shares |
| 2024-12 | 8 |  |  |
| 2025-03 | 6 |  | charge-offs p90, net worth falling |
| 2025-06 | 7 | expense trap |  |

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

- 2021-06-01 [Jefferson Financial Federal Credit Union - Biz New Orleans](https://news.google.com/rss/articles/CBMieEFVX3lxTFBuQnNFWjZSNy0zT2R1RF9ucjIwajlndWxLTVE5YTQ2bmJRanVLZFFuOThMT0p5MGY3a1hpSmp4MkMzQXd6dEpGaDJkRzRuTXFteFY2MmZ0SmZvQXhnUnE0ZGl5UlJiS0JtcV9rVkZVU3NiT0YzdmR6aQ?oc=5) · Biz New Orleans
- 2026-03-07 [Michelle Charlet Cooper Obituary Mar 4, 2026 - Mothe Funeral Homes, LLC](https://news.google.com/rss/articles/CBMiZ0FVX3lxTFB4bU54WDJuNjRCbHJGNHc2a2x5eEJ4U1k1RDVUaVBIY0xaODRVTDlocTNwa2ZlTDZsckNRb0I4N0xjRXVadl9ZTXRvZWdVaVdpN0xhZzlFUG9Ec29yV3lMaGFVV2xMWmM?oc=5) · Mothe Funeral Homes, LLC
- 2025-05-28 [Companies announce largest credit union merger in Gulf South history - New Orleans CityBusiness](https://news.google.com/rss/articles/CBMimgFBVV95cUxPOFZPRlZGR1FEdlNjX2xRQm5SX0p4Z2R4RFZNQ0pWa2V5MXlJU1BORi1mYkVuRlREV1dWMWx0cFd6cW83ZDVqY0x1c2JYSmlEc1FsbHN0QzZ4bmFiMklpWGxTLTNpTS1kLWktZUZheVFuY2s3bTN3bjM0U0hOTFIyRUxPSjkzVGJLSlhSUm9sVUtieXJrZmRBQm5n?oc=5) · New Orleans CityBusiness
- 2021-07-01 [Jefferson Financial Federal Credit Union - Biz New Orleans](https://news.google.com/rss/articles/CBMikwFBVV95cUxQMjFzZmJYWmx2QmVzcnV4Vk40YUdqampudzlZVUpWZjNBa3gwMTRlQzdjTDJoN3Q3dUVFeEJrdHk3LUV1VmRmY2x3b3FLWW5XaE1TNXV5RUJra0l2Y3NkMmNpcEZwRk9UNVZQSElHQVZrUldjd3BoZmw0bFlRWjVickNxaFpWSW5OVTRTNDdTcER3QmM?oc=5) · Biz New Orleans
- 2017-06-14 [Jefferson Financial Federal Credit Union holds ribbon-cutting event - The Advocate](https://news.google.com/rss/articles/CBMiogJBVV95cUxNUmdqV24xa1lYVFE0MmdBcTZPcUI2NWZOTl8xbi1iZVNwQTZBbGRReWstWUstaFI5QkthY3FqLWFtWWpqaUxQem5CR05XbUhGRVdqZlF1NFNpLVdvcmF2NnQzc2hOT0tnekF5MlVDbHJyV1c4bC16R2IwcE5GVmxwSkpFWlFtNktiNWtYX1liSDhsU1dRajltclVvREpPNFhkLXZQc0d6RjF1TDc4cVpEU3BTM2lGTDJuLTVqYnpRZkFPX3NRY1FXaEhUZDRGM18xbDM4eFFucTNuZk9nd0JFZDFSb0xJWEdrQzZ2TTJCLU9rYVF2aWNmTFlCM2I4bllmUkJMQ19xay1IcTFRVmdvdGFvVjZQSmN1cEhrNHltcVZJUQ?oc=5) · The Advocate
- 2025-08-13 [Former Vidalia Mills, Fruit of the Loom to be deeded to cred... - The Natchez Democrat](https://news.google.com/rss/articles/CBMisAFBVV95cUxPQnk3V2RKa3dmMGk3dXFYcWRsOHVJSjVYbTMxWTQ3cDVEREt1MGR0N0JVUTg3V1lSZVFzT0l2RGlpVHNMUEMzbHV6REU2TDZUTHp4Ymd6YmZ1dE9IVllYam1VM1IzaGhxTHdBU2RuQ3JycGxNdW1mTDdLUEhRYUJkMFNwYzBLcFBZMDNrcWpnUzhnYjNRbzlUSWJqbjdndTNQMzlTSkR2dW9EUU9fREZyVQ?oc=5) · The Natchez Democrat
- 2019-05-29 [Leadership Jefferson graduation concludes nine-month program - NOLA.com](https://news.google.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?oc=5) · NOLA.com
- 2021-07-18 [Mark Rosa, CEO - Biz New Orleans](https://news.google.com/rss/articles/CBMid0FVX3lxTE84YWtiNW5xQndxSHhBeWRwc0Zrb1B0SHpWLW9iOEVLYXFDUVFCenUxU3N0MWp1WGVOdC0wNVlLaERGUGxWRmtiTDFSZ1BlMWwwRFRPbV9Bc3RFdVU3TzViUnlycnk5QnppTzdLSUtXbHBLVVpWWi1V?oc=5) · Biz New Orleans

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=24871 (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 "24871", 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=24871
- 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