# LIFE
Nashville, TN · NCUA charter 24932 · asset band <$50M · 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/life-24932

Who the members are: federal charter, multiple common bond, organized 1958. 3,843 members of 14,000 potential (27.4% of the field); checking penetration 47% (share draft accounts per 100 members); loans per 100 members 41.

**Verdict on the desk:** this could be *too clean*. 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 | $43.1M |
| Members | 3,843 (– YoY) |
| Full-time staff | 8 |
| Net worth | $2.5M |
| Net worth ratio | 5.8% (p1 of band) |
| ROA (annualized) | -2.64% (p3 of band) |
| Total delinquency | 0.13% (p35 of band) |
| Net charge-offs (annualized) | 0.56% (p85 of band) |
| Loans / shares | 66% (p77 of band) |
| Cash / assets | 35.4% |
| Borrowings / assets | 0.00% |
| Net interest margin | 2.75% (p68 of band) |
| Operating expense / assets | 6.96% (p97 of band) |
| Vehicles % of loans | 32% (p21 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 0% |
| Third-party paper % of net worth | 0% (p43 of band) |
| Vehicle delinquency | 0.41% (p59 of band) |
| Vehicle NCO | 2.35% (p98 of band) |
| Repossessed % of vehicle book | 0.00% (p47 of band) |
| Real estate % of loans | 45% |
| Credit cards % of loans | 5% |
| Unsecured % of loans | 12% |
| Commercial % of net worth | 0% |
| Core shares % of member funds | 54% |
| Certificates % of member funds | 6% |
| Average share balance | $6,344 |
| Participations bought / yr | $0 |
| Participations sold / yr | $0 |
| Participations outstanding | – |
| Loans outstanding per 100 members | 41% |
| Loans granted per 100 members, annualized | 8% |
| Average loan balance | $16,795 |
| Loans granted, annualized | $10.1M |

## Flags firing in the latest filing

- **thin capital** (`cap_low`)
- **capital below 7%** (`cap_critical`)
- **losing money** (`earn_negative`)
- **expense trap** (`earn_opex`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2021-12 | 1 | losing money |  |
| 2022-03 | 5 | thin capital, capital below 7%, expense trap |  |

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

- 2026-05-06 [Bruce Baker Sipe, Jr. Obituary May 2, 2026 - Smith Funeral & Cremation Service](https://news.google.com/rss/articles/CBMic0FVX3lxTFAxa2V4STZJNlhXVFdmbEZnUDlhbG9qZ3pFWUlGbUtiZUdlVl96LXp0R3F5bjcxLVQxTEpUaXBpVktjQVJ3ZVFqZDJmUHpucmZ0TkpyREl6czM4NGRUV3diUXpLdDBwdERHNnc3NGVaczh0UlU?oc=5) · Smith Funeral &amp; Cremation Service
- 2026-06-16 [Linda R. Brown Obituary - Knoxville News Sentinel](https://news.google.com/rss/articles/CBMiW0FVX3lxTFB0aHNLV24tSXZidmdLRkJtMUpZWjc0R0luQmY5SUxOYUtPSDE1QTBnZF9GOGRzQVBfRHh5b09Zd1ZvX1VQQlEzNm5xMnJtVEt1QVZVZGNHS0NnRDQ?oc=5) · Knoxville News Sentinel
- 2026-06-15 [What to Know for Evanescence: 2026 World Tour Setlist - Ticketmaster Blog](https://news.google.com/rss/articles/CBMiX0FVX3lxTFBuTTN6MkU3Z0oxU0tnRnpPVlJBR3JaTXd5UEpUbDdTWjhmeTdaNUV6UkFUSVhMYXU2N2J2R21nb2NHemZoMUdTUTZNbGtiQ1FCTVpLdFRuMVJERXpwaW1j?oc=5) · Ticketmaster Blog
- 2026-08-10 [Billie McKenzie Obituary - Chattanooga, TN - Dignity Memorial](https://news.google.com/rss/articles/CBMiigFBVV95cUxQdTA5S0ZBdXN1NDVuNmdKSk5uWlo3UVBTMkdpLWhlUnR6WmJzX2ZGTXZyUk1ydkRxeTZPTVpHekVnejlVSGhwZnZFdUY5QXFrWm5taHh6M3h3NkI2ZnY2OHc2TlNPZlVENFFsTzR6dUVMRy1WZnB6cXZGUFRrUXpod1Y0SUcxOVRlbmc?oc=5) · Dignity Memorial
- 2022-04-01 [Fortera Credit Union completes merger with Life Credit Union - Clarksville Now](https://news.google.com/rss/articles/CBMimgFBVV95cUxOaS04aFYzZlBrX256SF91eFh5VGRlc0JtSjBCZzNCLWVMUUpGdGhxeTVSV01mQjhGVnl0YUxmNnUyb2JpbzVnME9LcXVsdDczdmJGR1Qyc3hZN2F5Zm9uMkZDUU1yandRdl83ZDlvbUFaLUJDVmVuOWM2T1lWak1Ib3ZQcHAwVktKeV91VmtRazQwVDJBVUdRVzJ3?oc=5) · Clarksville Now
- 2026-04-27 [SBI probing officer-involved shooting that claimed a life - Rocky Mount Telegram](https://news.google.com/rss/articles/CBMi6AFBVV95cUxPckdCejJHV1QtdkdPZG1SaV9SNHA4NlRPVW5mT3VwcDk3dHFIdTZyeTlaZjBOMDFOZFNBVUJKaTd6bDdVc2tkalYwVDcwTmZPZ2ZGQ19zTkQ5YktaaWxjUlRpUF9QYnNwT19PUDJYbmZCN3lsczR6Nlo1cXFjc2l2TGRzdXFWeFBNd1d0eWpncXAta0hpZDdwX3hJQjVoUjk3WGhkVFpBcXBoVEdpTkE2Mk0xZGl3OFdhY3pPdnp2TkMyc3gxSk5rWnp3eVc3b1Q3QlBoYzMxLXB3bFVENHl6Ry1sUF9tQTUz?oc=5) · Rocky Mount Telegram
- 2026-06-16 [Two Decades On, Staind Bring ‘Break The Cycle’ Back To Life For Fans - That Eric Alper](https://news.google.com/rss/articles/CBMiqwFBVV95cUxQMXV6cWdmU1VvSGZxa0wyaXg2b0xBb0RheEZRME9QUUJXZjhmeGU0dlpabVJfWks5aDJTZUlhNFNFa0N1OWhNUXdqRGlvRW9MbDZ6VGQwOVJuZXdlek5Eb1NkLXhnenhBOUxNaVM3RU1tZ1VYWVU1SnpNcG85QzhZWkdVX0E5MG5lODBqckJOQU9xek5DcjhzRHVsQ01BR3IxbXQwSXlram5HY3M?oc=5) · That Eric Alper
- 2024-07-02 [2012-2024 List Of Failed Credit Unions - Bankrate](https://news.google.com/rss/articles/CBMib0FVX3lxTFBqUTBmbUhvaEh6UXpMOERnZTMzUjU2djBQVUVxMHd4UmZFRF84OWFtelZtZXQ3eTF5ZE5fbE5YVTRIUWd2dDVDWjZxZ3F4d3gwRFhMV2FyT21RWXlTLVVoRTE5Z0R1Ql9iMHVmYndZUQ?oc=5) · Bankrate

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=24932 (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/36.json (key "24932", 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=24932
- 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