# WORKERS
Littleton, MA · NCUA charter 24923 · asset band $1-10B · latest filing 2026-03 · live
Share link (named URL with a preview card): https://getbookiq.com/cu/workers-24923

Who the members are: federal charter, multiple common bond, organized 1914, low-income designated. 119,644 members of 2,494,113 potential (4.8% of the field); checking penetration 43% (share draft accounts per 100 members); loans per 100 members 35.

**Verdict on the desk:** this could be *stressed*. Composite score 5 of 18 (one point per flag across 17 flags, capital below 7% counted twice).

## What the filing shows

| Measure | Value |
|---|---|
| Total assets | $2.51B |
| Members | 119,644 (-2.9% YoY) |
| Full-time staff | 341 |
| Net worth | $251.8M |
| Net worth ratio | 10.0% (p34 of band) |
| ROA (annualized) | -0.17% (p2 of band) |
| Total delinquency | 1.04% (p81 of band) |
| Net charge-offs (annualized) | 0.41% (p36 of band) |
| Loans / shares | 106% (p97 of band) |
| Cash / assets | 5.5% |
| Borrowings / assets | 21.73% |
| Net interest margin | 2.00% (p3 of band) |
| Operating expense / assets | 3.24% (p52 of band) |
| Vehicles % of loans | 10% (p12 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 68% |
| Third-party paper % of net worth | 153% (p54 of band) |
| Vehicle delinquency | 1.50% (p91 of band) |
| Vehicle NCO | 2.21% (p88 of band) |
| Repossessed % of vehicle book | 0.00% (p11 of band) |
| Real estate % of loans | 67% |
| Credit cards % of loans | 0% |
| Unsecured % of loans | 2% |
| Commercial % of net worth | 87% |
| Core shares % of member funds | 55% |
| Certificates % of member funds | 27% |
| Average share balance | $10,378 |
| Participations bought / yr | $0 |
| Participations sold / yr | $0 |
| Participations outstanding | $248.6M |
| Loans outstanding per 100 members | 35% |
| Loans granted per 100 members, annualized | 4% |
| Average loan balance | $47,877 |
| Loans granted, annualized | $525.7M |

## Participation posture (from the same filings)

Bought $0 and sold $0 in the latest annualized quarter; $248.6M outstanding purchased (98.7% of net worth), $29.1M sold and retained. Sold in 2 and bought in 7 of the last 8 quarters. Shares 1.0% year over year.

## Flags firing in the latest filing

- **net worth falling** (`cap_falling`)
- **losing money** (`earn_negative`)
- **loans>95% of shares** (`str_ltos`)
- **leaning on borrowings** (`str_borrowings`)
- **3rd-party paper>100% NW** (`str_thirdparty`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2021-03 | 3 | delinquency 2x band, leaning on borrowings, 3rd-party paper>100% NW |  |
| 2021-06 | 3 |  |  |
| 2021-09 | 3 | net worth falling | delinquency 2x band |
| 2021-12 | 4 | delinquency 2x band |  |
| 2022-03 | 3 |  | delinquency 2x band |
| 2022-06 | 2 |  | net worth falling |
| 2022-09 | 3 | loans>95% of shares |  |
| 2022-12 | 6 | net worth falling, delinquency 2x band, delinquency rising |  |
| 2023-03 | 5 |  | net worth falling |
| 2023-06 | 5 | losing money | loans>95% of shares |
| 2023-09 | 5 |  |  |
| 2023-12 | 4 |  | delinquency rising |
| 2024-03 | 6 | net worth falling, delinquency rising |  |
| 2024-06 | 5 | assets shrinking | net worth falling, delinquency rising |
| 2024-09 | 4 |  | assets shrinking |
| 2024-12 | 6 | net worth falling, assets shrinking |  |
| 2025-03 | 6 |  |  |
| 2025-06 | 6 | loans>95% of shares | assets shrinking |
| 2025-09 | 6 | assets shrinking | delinquency 2x band |
| 2025-12 | 5 |  | assets shrinking |
| 2026-03 | 5 |  |  |

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

- 2026-05-19 [Credit union to move branch 2.5 miles closer to Lowell core - The Business Journals](https://news.google.com/rss/articles/CBMiogFBVV95cUxNRFIybHVnVm9tejNkNEdRWGVYVVBOUmFDQ3JfYzRTM2tidDluNV9GNGpZNGtBVzJISG55dElCa0Q3OUR4em9ucXBhbUR0VjlFdktFaWRWbjR6Rl8zNVkxUTJQX0ZHTnQ5d2w1NjBNWkFpZzBHdGVWWnF4NUNDQXJNRkFtQmoxV0Z2TTZNVTlZWnN3bDZFREZEb0hIZHpVeEo3UUE?oc=5) · The Business Journals
- 2026-01-29 [Workers Credit Union opens new Leominster branch, appoints new growth-focused executive - wbjournal.com](https://news.google.com/rss/articles/CBMiuAFBVV95cUxQcU5CN3V6cXhSUS1rZHNmT210Rkl5NWlyYUZXTWdFX2dsRVlPbUdSZ21XVlBMbGJFaHhyR3h0ZmhUSDAyaEpuMGt5NTdWR1hwMjhRa18tSTNaS1RvVWVDYl9kTFpqdVl3a0xSU0pnRXFRdzhOVHlzaGNwcEtrb3lobmdBQ0tTVTFzQWV5LWtjeUdOWS14aEpva2pmcjQ3cEpCQjV1ak55YlZDaU0zMXJjeWwtMEJ6RGJi?oc=5) · wbjournal.com
- 2026-04-23 [Workers Credit Union Community and Business Development AVP Calla Flannery wins 2026 EIFLE Award for financial literacy - CUInsight](https://news.google.com/rss/articles/CBMi8gFBVV95cUxNdjZSSzVRNG1DV3RRYmVZS1AxR3dqVXRTNkdYMmFBQTVCYlBYYWx0V0ZhVVNacHBycWpqeEFOQXBLUHBnN2hRbmoxbHpmZEp1eWdsWnNyMjZmUmtSZDlHYWJtbW40SkV2MGpiUVhqYzFOX0ZJZ0NHSGxLc1BLSUY1SzkwcGN0WTJQdUl1OGNaVWxnWDBOS1hrQjFtb0o2b0tmMWY5RVBfc1otTlQwN3Q5dFR6NFRjSFRyVHFJUTRNTmVXdThRMHlDTXpvSkJ0MXhhOEhHdVNyQXQwRWdIS3pJR2NfM05RdVpRZ3JzeGtRdENsZw?oc=5) · CUInsight
- 2026-02-02 [Workers Credit Union opens new Leominster branch - Sentinel and Enterprise](https://news.google.com/rss/articles/CBMinwFBVV95cUxOWExzMnM1amhRcDBsblp1T2JwWHM2VGVOMm5yeXhaTUw0Tmh1R3VTRlhLRTJfbnB3QUtNYXhlelg2TE55S2RfY1J2TUg5ZU9nenhCNDlRSGhodU1hc2RZdWZRYVFoeFZxdEdlZUU0ZHBvaF85NVpPOEtadjQ5TEVmZ3k5VnhLLXlpQ0ExWUt4QzBFdHJERE02LXRaNWxmdEU?oc=5) · Sentinel and Enterprise
- 2026-04-08 [Massachusetts Credit Unions Plan Merger to Create $3.6B Financial Cooperative - CUTimes](https://news.google.com/rss/articles/CBMisAFBVV95cUxQdU9PVGxoZVljUXloX1FWdmFvUDVLV3ZTN3hJSGhQYzM3X3haYmtDUHlnMFhDdjRoVmRfX3U3NXY5eVpzSVVDR3czekdYTlRjeDR1N2xhTk9haEp4TFVsLXlsSFdOUXp1VFhMZFdCejh5QThNVHFZYXZQM3praW0wejNTZ0J2bXhOR3dDa2N4VElBc2g2cGFoX0UzenZVZnZmcm5wVzhiSk9KZ2czRVJVTg?oc=5) · CUTimes
- 2025-11-18 [Workers Credit Union Names Worcester Mom the Winner of 2025 Woofster's Workers Reality Augmented Reality Game - MLB.com](https://news.google.com/rss/articles/CBMib0FVX3lxTE1COVktMDlNX1A1VVRpN3VsdGlxcVdyNF9kcnZHM053YkR2M0xzWjJRN2VWTjYzTGJGUGdhbDZlNjIzUVhFUzlHUXFYVFVBNGFVMVdMMHh1UHN1Zl9TNnpxREtpZ1BvcW5ySl9lUWszNA?oc=5) · MLB.com
- 2025-03-12 [Workers Credit Union strengthens commercial and small business lending team - CUInsight](https://news.google.com/rss/articles/CBMitwFBVV95cUxQUDhLbEY2UTFlREpUVnMtN2NwZFVKbjBFZ1o0WndZTlREYjNfUmIxZDQ3d1lTQmVITWw4Rzd1NEFNYkJjWm90cEwwb2ZmV0FGcVY5cFhkZFI2emdwLWZWVlFoRzdrRjE1VUpOSzZURGtod0VfY0JBZTRGVjM5QnRiMEZmOVc4Y2VVT0hiYS12THhHWEJBSVduVmNZZkdBZm9jbS1jemRuNHVDLWNXNmt1cjE5VWtLYWc?oc=5) · CUInsight
- 2022-10-21 [Workers Credit Union receives federal $150M for small business, personal loans - wbjournal.com](https://news.google.com/rss/articles/CBMiqwFBVV95cUxONjVnbE55alltay03N19hRWVRVVg0UFByemJjVnZTSnhmRGFQMlE4MUhibHJrNm9xUEI3dXlQWV9hMjVZNy1DdlJhV0xzdFVFbzctNVZweFpxb1FLSEt6NTF0MWdiNjZDNEtTZC1kOHlwUU1GVTZXVF92d29DRUhJaXVjNHhJQ3Y4WC11VnhZRnpSOF84SnQ3WXlzSlBISy12cDd5YmtOZ3JDRGM?oc=5) · wbjournal.com

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=24923 (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/27.json (key "24923", 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=24923
- 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