# PREMIER SOURCE
East Longmeadow, MA · NCUA charter 24912 · asset band $50-100M · latest filing 2022-03 · stopped filing after 2022-03 (departed; for a credit union that is almost always a merger)
Share link (named URL with a preview card): https://getbookiq.com/cu/premier-source-24912

Who the members are: federal charter, community charter, organized 1941. 4,426 members of 635,000 potential (0.7% of the field); checking penetration 45% (share draft accounts per 100 members); loans per 100 members 50.

**Verdict on the desk:** this could be *liquidity-rich*. 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 | $70.3M |
| Members | 4,426 (-5.5% YoY) |
| Full-time staff | 11 |
| Net worth | $9.4M |
| Net worth ratio | 13.4% (p80 of band) |
| ROA (annualized) | 0.61% (p66 of band) |
| Total delinquency | 1.34% (p91 of band) |
| Net charge-offs (annualized) | 0.48% (p88 of band) |
| Loans / shares | 47% (p36 of band) |
| Cash / assets | 20.0% |
| Borrowings / assets | 0.00% |
| Net interest margin | 3.04% (p82 of band) |
| Operating expense / assets | 3.66% (p77 of band) |
| Vehicles % of loans | 28% (p25 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 0% |
| Third-party paper % of net worth | 0% (p25 of band) |
| Vehicle delinquency | 0.39% (p56 of band) |
| Vehicle NCO | 0.00% (p22 of band) |
| Repossessed % of vehicle book | 0.00% (p42 of band) |
| Real estate % of loans | 59% |
| Credit cards % of loans | 4% |
| Unsecured % of loans | 12% |
| Commercial % of net worth | 0% |
| Core shares % of member funds | 58% |
| Certificates % of member funds | 14% |
| Average share balance | $7,217 |
| Participations bought / yr | $0 |
| Participations sold / yr | $0 |
| Participations outstanding | – |
| Loans outstanding per 100 members | 50% |
| Loans granted per 100 members, annualized | 60% |
| Average loan balance | $13,262 |
| Loans granted, annualized | $10.0M |

## Flags firing in the latest filing

- **delinquency 2x band** (`aq_dq_high`)
- **members leaving** (`shrink_members`)
- **loan book shrinking** (`shrink_loans`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2019-06 | 1 | delinquency 2x band |  |
| 2019-09 | 0 |  | delinquency 2x band |
| 2019-12 | 1 | delinquency 2x band |  |
| 2020-03 | 0 |  | delinquency 2x band |
| 2020-06 | 2 | net worth falling, delinquency 2x band |  |
| 2020-09 | 2 |  |  |
| 2020-12 | 4 | margin squeeze, loan book shrinking |  |
| 2021-03 | 3 |  | net worth falling |
| 2021-06 | 3 | members leaving | margin squeeze |
| 2021-09 | 2 |  | delinquency 2x band |
| 2021-12 | 2 |  |  |
| 2022-03 | 3 | delinquency 2x band |  |

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

- 2021-11-19 [Premier Source Federal Credit Union merges with Polish National Credit Union - MassLive](https://news.google.com/rss/articles/CBMiwAFBVV95cUxQNFl6WTY1R1gxNFRDdXVIdTdTSUJ6NzBOcElUM1N3TVg2Nk5EYmxsSHNtcjV6dHgtY1ZhSWZBRlh5WUpBVDI3VFlPdFR6cnp4NndNTWVRRVRJY2JjV19uS1cwd2hPXzBjUlZfTEp4R3htMzktbXFCRUtPS3U1SzRLMHVPbEh1X0QtRV83U1ZFN3FaZGRhenVJRGZNc2ZUTWFJRTRGaHY4VGF5N3ZJLUhpcm4wNUxBZXdBTEpBQ1F3UEQ?oc=5) · MassLive
- 2021-12-22 [Polish National Credit Union, Premier Source Credit Union to Merge - BusinessWest](https://news.google.com/rss/articles/CBMinAFBVV95cUxQeEp2dmRGdFp1amhLWGwtYTRIWVNCUDRVdDVqVmVxZERQMldWb2c2a0Y4SkdvdGR6V0FmYkloc2dVMHZZQUN2eW51N3BiZU1JZGJJalRhbHJ1R2owX1ZlYkdKa2JJeFNuWWx5czFFeGFLZV9uZEJ2bDMycnBfWmlMWWNlSlF5UlFDOE5WS0trdjVoeWRKSGlwd1dWVXU?oc=5) · BusinessWest
- 2021-10-21 [Cory Garwacki Obituary (2014) - East Longmeadow, MA - MassLive.com](https://news.google.com/rss/articles/CBMikwFBVV95cUxNYjRPOU5tQ2RyNE5vSEdlZmRabU5idTBLc085eWdZM2FRSkZ2OWVJb2RFb1dHYUtYV1FCRlYzYzZfZ1NOdHNDSzZXVTJjN3BIaG96eC1kVkdlcExIMzFqbThNR29LemNmZVk3TWdfSFVwUXdKV0NRYk9SY0hfUklMaUZMNUNpZ3ZNQTZGN3ZHbmdlU3M?oc=5) · MassLive.com
- 2021-10-17 [Alexander Camerlin Obituary (2010) - Springfield, MA - MassLive.com](https://news.google.com/rss/articles/CBMimgFBVV95cUxPMzdfbHF3T29oV2ctRF9pemRlREo2ZVZaWDFGWFJRbG9EMFUybzFWamdUOFRIRks1N05PS0RfbndmZGlvRUtVWTZQU2Y1andUSUs4NEo1V1J2T1REZGRoVXRDYkRtaWhQOF8wLXBJN3Y2X05fbXJzcjZkZGZ0c3l0bm9wYy1leUs1LWFUWUxhM21pX0VjdDVTd3VB?oc=5) · MassLive.com

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=24912 (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/16.json (key "24912", 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=24912
- 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