# ARMSTRONG
BYRAM, MS · NCUA charter 24897 · asset band <$50M · latest filing 2023-03 · stopped filing after 2023-03 (departed; for a credit union that is almost always a merger)
Share link (named URL with a preview card): https://getbookiq.com/cu/armstrong-24897

Who the members are: federal charter, multiple common bond, organized 1956, low-income designated. 306 members of 500 potential (61.2% of the field); checking penetration 0% (share draft accounts per 100 members); loans per 100 members 72.

**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 | $2.8M |
| Members | 306 (-11.8% YoY) |
| Full-time staff | 1 |
| Net worth | $469,547 |
| Net worth ratio | 16.8% (p73 of band) |
| ROA (annualized) | -11.70% (p1 of band) |
| Total delinquency | 5.72% (p96 of band) |
| Net charge-offs (annualized) | 3.86% (p98 of band) |
| Loans / shares | 101% (p96 of band) |
| Cash / assets | 14.3% |
| Borrowings / assets | 0.00% |
| Net interest margin | -4.31% (p0 of band) |
| Operating expense / assets | 4.00% (p75 of band) |
| Vehicles % of loans | 81% (p85 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 0% |
| Third-party paper % of net worth | 0% (p43 of band) |
| Vehicle delinquency | 6.70% (p97 of band) |
| Vehicle NCO | 0.00% (p37 of band) |
| Repossessed % of vehicle book | 0.00% (p47 of band) |
| Real estate % of loans | 0% |
| Credit cards % of loans | 2% |
| Unsecured % of loans | 14% |
| Commercial % of net worth | 0% |
| Core shares % of member funds | 80% |
| Certificates % of member funds | 20% |
| Average share balance | $7,086 |
| Participations bought / yr | $0 |
| Participations sold / yr | $0 |
| Participations outstanding | – |
| Loans outstanding per 100 members | 72% |
| Loans granted per 100 members, annualized | 10% |
| Average loan balance | $10,650 |
| Loans granted, annualized | $293,952 |

## Flags firing in the latest filing

- **losing money** (`earn_negative`)
- **margin squeeze** (`earn_nim_squeeze`)
- **delinquency 2x band** (`aq_dq_high`)
- **delinquency rising** (`aq_dq_rising`)
- **charge-offs p90** (`aq_nco_high`)
- **assets shrinking** (`shrink_assets`)
- **members leaving** (`shrink_members`)
- **loans>95% of shares** (`str_ltos`)
- **auto monoline** (`str_vehicle`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2017-12 | 5 | losing money, expense trap, charge-offs p90, repo signal, auto monoline |  |
| 2018-03 | 5 |  |  |
| 2018-06 | 6 | net worth falling |  |
| 2018-09 | 5 | loans>95% of shares | repo signal, net worth falling |
| 2018-12 | 6 | repo signal, members leaving | charge-offs p90 |
| 2019-03 | 4 | charge-offs p90 | loans>95% of shares, repo signal, members leaving |
| 2019-06 | 5 | net worth falling |  |
| 2019-09 | 4 |  | charge-offs p90 |
| 2019-12 | 4 |  |  |
| 2020-03 | 5 | margin squeeze, members leaving | losing money |
| 2020-06 | 4 |  | members leaving |
| 2020-09 | 4 | delinquency 2x band, delinquency rising | net worth falling, margin squeeze |
| 2020-12 | 6 | margin squeeze, loans>95% of shares, leaning on borrowings | delinquency 2x band |
| 2021-03 | 4 |  | margin squeeze, leaning on borrowings |
| 2021-06 | 3 |  | delinquency rising |
| 2021-09 | 4 | net worth falling |  |
| 2021-12 | 3 |  | net worth falling |
| 2022-03 | 5 | margin squeeze, members leaving |  |
| 2022-06 | 7 | delinquency 2x band, delinquency rising, assets shrinking | margin squeeze |
| 2022-09 | 7 |  |  |
| 2022-12 | 7 |  |  |
| 2023-03 | 9 | losing money, margin squeeze, charge-offs p90 | expense trap |

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

- 2026-02-12 [Neil Armstrong Academy inspires students with hands-on STEM and creative learning - FOX 13 News Utah](https://news.google.com/rss/articles/CBMiyAFBVV95cUxObTRhd3QtQ2VQNThWeXR1SzdDRnVwMkNxc1RDYVJVY0FyU3FTVHNxSXk4VkV1blk4LWlRcGVNbjI0VTdmalliNnJTWjJjMm1wVHJwb3Rvc2oyVGRhaTA4dzhyS0h3MFkxUndkcERDdlgxQXhFakk2dVFqckxSTTVHdGtOb2tPRDNPaUY2X1d1SmtwRUZCQ2M3aDY3SlZ4akhiR25na2RhUzhsQngxOEFNeF85S3pIbERud19hbmxlRFpvd0xfSTRrZQ?oc=5) · FOX 13 News Utah
- 2025-11-21 [Credit union set to expand New Mexico footprint with new Rio Rancho location - The Business Journals](https://news.google.com/rss/articles/CBMiqgFBVV95cUxNMVRaUWFha0RtcHM3aVZlT3Z0bHpud2J6QWVUc3FBYkI1ZEQ5V3hBRlRmY3hKTGUxUXhxRHlYa0tlOE85ekVBc05NQk5sb0YtNUV3UjBGRnZ3VVN1X3ZTeGEwRWItV1k3M1Z0ZExwU1JwSlhvLUNQRFAwOXZMa0pCTlJZS1d0R0ppRVp2X25EZjE0dzRWZHI2bTMyYUN4MngyRGNjZXI5WlZkUQ?oc=5) · The Business Journals
- 2026-05-14 [Richard H. Armstrong Obituary | Patrick Quinn Funerals and Cremations | North Kingstown, RI - Tribute Archive](https://news.google.com/rss/articles/CBMie0FVX3lxTE1xdkVVb0RpOTlEZ1p5X0VXN3d0NDJnS2pHaGppZV9LZkhsSjNac1B2TXBteTlsYWtPelowdkV6a0xtS1l6U3RzbFVJbUQ1SEtUUXNOY3RzQzFldl9CUEktZWQ2cm1XZTJhbFJYMHIyLUZuWEhBSEM1ODBQUQ?oc=5) · Tribute Archive
- 2025-10-13 [Waffle House employees strike to demand change in policies - KATU](https://news.google.com/rss/articles/CBMimAFBVV95cUxQVk9qTm8zdEQzOXQtanRCcG9fWTFySHpDQXZfOHZweUMzR2JJNUgzTWNfYWVaMUxUbzdZZ1dIbHkwTG1KeEFGOUNkUEJEWkx2Mjdzb1k3dmdiRFJDbjVRekk5MDN0TDJLNDctUl96YzVEbkk1VW9sWnhpcmdVT2hvYmt1eVVUWmZKbFlXLThJTVhyMFN0ZXNHRw?oc=5) · KATU
- 2025-12-26 [$3.55M McDonald’s employee meal breaks class action settlement - Top Class Actions](https://news.google.com/rss/articles/CBMizwFBVV95cUxQcXNHc3ZVa01RZnBsZ0FFNjVqcU1CbW9aX29KZ0QzQm10Ym11OHRoYVFIRTIwOFVoMlpfa05MRU5heU5mRDJ0MS1OWUVrb3R3U09UY2gzVWxDYUE1QkFiaS1sVC03bXppcnFoN1hRSmQyVGNtWXNCMVFDTHVLQktxOUVvVnJtVkc5aUxxRm90ZEVKbWZ4UkxieXVINmJTOFBDT1NMbG5hc2FFQ3Q3WV9ya0pOWXUxRkxfVkV6LVJBVk5XRlpEVkw4cWFuVDVTOEU?oc=5) · Top Class Actions
- 2024-01-21 [Patricia A. "Mimi" Laughlin - The Martenson Family of Funeral Homes](https://news.google.com/rss/articles/CBMibkFVX3lxTE03UkJ3RDJvaHUxSnk5Z3lXdHBjYkZMYkxlSDFfRExCS1JzVFN6ZVlkcFM5ZXBVYmJ6SGYtc1haZ1A1UFVzOFV4S0t3TTdpRXMzdVBpWEFNY1BMWkFvRlZCTlRtWTVJXzRWN0NQUlNR?oc=5) · The Martenson Family of Funeral Homes
- 2012-07-01 [Christopher Neil Armstrong Obituary Jul 1, 2012 - Mynatt Funeral Home](https://news.google.com/rss/articles/CBMib0FVX3lxTE5LUVNxZHZraUhFTlhkUFNHNEhtQmhSZXQzeDFnX3lNYmdOMURfMFA2Q3A2ckNqQjhSSkZoVURqeFIyclJ4WEZoM0J4MEFoZnlUY05YdUhUVVhiNHJMR1ZNQ1hpQ2ZkemdwdUI0bl9HVQ?oc=5) · Mynatt Funeral Home
- 2023-07-27 [Mark D. Armstrong Obituary Jul 27, 2023 - Schertz Funeral Home & Crematory](https://news.google.com/rss/articles/CBMibEFVX3lxTE44c2ZrWFVTWVctMndCVUhucUx0OTVLNnhQS05JRHI5d0tsTFVWWW40NV9fQ213d3Q5TlNtNndWOTlaZV80OEtuUUtiMGlFYmN6cEZhazFlbXJjN2Itc18tNF9pUmJoRUcycGpIMA?oc=5) · Schertz Funeral Home &amp; Crematory

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=24897 (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/1.json (key "24897", 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=24897
- 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