# THE NEW HORIZONS
WEST POINT, MS · NCUA charter 24886 · asset band <$50M · latest filing 2021-09 · stopped filing after 2021-09 (departed; for a credit union that is almost always a merger)
Share link (named URL with a preview card): https://getbookiq.com/cu/the-new-horizons-24886

Who the members are: federal charter, multiple common bond, organized 1960, low-income designated. 2,578 members of 12,000 potential (21.5% of the field); checking penetration 29% (share draft accounts per 100 members); loans per 100 members 34.

**Verdict on the desk:** this could be *auto monoline*. 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 | $13.7M |
| Members | 2,578 (-5.7% YoY) |
| Full-time staff | 2 |
| Net worth | $2.1M |
| Net worth ratio | 15.2% (p69 of band) |
| ROA (annualized) | 1.04% (p86 of band) |
| Total delinquency | 0.18% (p37 of band) |
| Net charge-offs (annualized) | 0.02% (p47 of band) |
| Loans / shares | 60% (p68 of band) |
| Cash / assets | 30.5% |
| Borrowings / assets | 0.00% |
| Net interest margin | 3.01% (p73 of band) |
| Operating expense / assets | 3.32% (p64 of band) |
| Vehicles % of loans | 65% (p61 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 0% |
| Third-party paper % of net worth | 0% (p46 of band) |
| Vehicle delinquency | 0.18% (p48 of band) |
| Vehicle NCO | 0.05% (p64 of band) |
| Repossessed % of vehicle book | 0.00% (p47 of band) |
| Real estate % of loans | 0% |
| Credit cards % of loans | 0% |
| Unsecured % of loans | 6% |
| Commercial % of net worth | 0% |
| Core shares % of member funds | 84% |
| Certificates % of member funds | 16% |
| Average share balance | $3,140 |
| Participations bought / yr | $0 |
| Participations sold / yr | $0 |
| Participations outstanding | – |
| Loans outstanding per 100 members | 34% |
| Loans granted per 100 members, annualized | 21% |
| Average loan balance | $7,902 |
| Loans granted, annualized | $4.4M |

## Flags firing in the latest filing

- **margin squeeze** (`earn_nim_squeeze`)
- **members leaving** (`shrink_members`)
- **auto monoline** (`str_vehicle`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2017-06 | 1 | auto monoline |  |
| 2017-09 | 1 |  |  |
| 2017-12 | 2 | net worth falling |  |
| 2018-03 | 3 | losing money |  |
| 2018-06 | 3 | delinquency rising, members leaving | net worth falling, losing money |
| 2018-09 | 3 | loan book shrinking | delinquency rising |
| 2018-12 | 2 | net worth falling | members leaving, loan book shrinking |
| 2019-03 | 3 | members leaving |  |
| 2019-06 | 2 | delinquency rising | net worth falling, members leaving |
| 2019-09 | 3 | members leaving |  |
| 2019-12 | 3 |  |  |
| 2020-03 | 3 | losing money | members leaving |
| 2020-06 | 3 | net worth falling | delinquency rising |
| 2020-09 | 2 |  | net worth falling |
| 2020-12 | 3 | delinquency rising, members leaving | losing money |
| 2021-03 | 2 |  | members leaving |
| 2021-06 | 3 | net worth falling, members leaving | delinquency rising |
| 2021-09 | 3 | margin squeeze | net worth falling |

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

- 2026-03-26 [Man walks into Mobile credit union with self-inflicted gunshots, police say - fox10tv.com](https://news.google.com/rss/articles/CBMioAFBVV95cUxOWjJXaGtGTGxfU2pNUkxCV250dlRRMGJSTm5ZVks4Q0ROSjhKM3RJRjZkczlsWHZ3OTh2dkdZc2pUWXBOZFVXT1duYTNQZjNjSDg1TUpaNUpieHJQSDZFbERYekFFRmhSVENvOWR4VmcwWjY0bU5mNnU2NU9JREpUV0pod3l0c09vVDZGdmxROFdza2pINW5lcGwxUnp5YnU10gG0AUFVX3lxTE11UkNBdlZudTR3Ym9TcU43bjFEU29EaG5qRU9SNHRKUy0ySVdYQ0JONlAwTUxpa01ObDhOd2VLTnVrVEk2R19QSGYxaUd6d1Rya0RUVWFXbVhaNU9BRDVOOU1wdlNDM01pQ2VmYllaYkU3cF9QMEszMDhPY2JodkItV2hiMWpVZ2lRSnZfY0VxWmljRXcyOEZhU3FSb0JKcmVMUzZoa3VHT1o1bm0xN2dmYnljZw?oc=5) · fox10tv.com
- 2013-09-24 [Favre making return to NFL? No, says his agent, Bus Cook, but he could if he chose to do so - AL.com](https://news.google.com/rss/articles/CBMid0FVX3lxTE4xQ3pOdlJSQUZNREUxSDVLM21FNVp3b1Y1R3pISWtSTzVrSW1JVGp3RHBoaHdoa3hCYzAxOHRWNFVHTnNDc2tQcXFrOVYwUUFfSTNFVDA0RUM5Qkc5RlY4SzNnbDFUNDhDcWNuaHVzanAtbzVfOTY0?oc=5) · AL.com
- 2026-06-21 [Vicki Wyman Obituary - Ann Arbor, MI - Dignity Memorial](https://news.google.com/rss/articles/CBMiggFBVV95cUxNY0ItRHFLVDFRSk1IMFRUaVJnSk1vMEUxN0hRZldqUUJQWXRMVDZ3YzdINXU2QUMtRUh4MnFCUjhkZ2dhZHo1dE9YeGh6M2JhOXhXd0RRblZvZktycjVmMzI0RzB5SzgyejNCMGVfZFpXUDIzemZnX0ZVX2FpNUdDNEp3?oc=5) · Dignity Memorial
- 2013-10-01 [Basketball coach Wimp Sanderson talks football at 1st and 10 Club - AL.com](https://news.google.com/rss/articles/CBMieEFVX3lxTE1yY05zZ1oyMlBwSGtMampjdnF2eUs0cmJfcGVyZTlSWVRkVm5tYmhwOTdUenBJVnFaRXJWd3hBNG5mX1lDaFdVSS1YTW1PMEtuWllfNF9BbFNhb0tFRGpiaFFpenY4dENGNUlJYnVmOS1lM25LcVU0bg?oc=5) · AL.com
- 2024-12-31 [Pete O'Shea Obituary (2025) - West Point, MS - Robinson Funeral Home - West Point - legacy.com](https://news.google.com/rss/articles/CBMif0FVX3lxTE9JYnVKSk8zM0xvaFNFejV1WmFHbWdSOWt1NFRyRzZMbi1ibXV1RzZsMGFlbnlDSnFXZVFUU1Vtb3FoUTNuUzFGTnJ3dzFnMk5sVVVtRXRQTTVNVWlnZW1oRGw1cXhFYV9WZ21NVDVVOGQwZkZfSk1UTk92ZDV2aXc?oc=5) · legacy.com
- 2012-11-13 [Barbed wire behind him, Mike Haywood dreams of coaching again - AL.com](https://news.google.com/rss/articles/CBMieEFVX3lxTE5vcWY1MU5TbUJ6Q1lScW9TYkF3NTJoZUJIdGdJTVF2MEgwMi15SVNaNjdXYmVCU1pCQzA3MUdTOVNuV0tGTDBZSXNHOTZLT0x4b2c3U1lwMWc4al94Z1pkVXI5WGJneWxGd2dMRDFOT2dtTnBvalgyVQ?oc=5) · AL.com

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=24886 (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/54.json (key "24886", 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=24886
- 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