# WEDEVELOPMENT
Kansas City, MO · NCUA charter 24937 · asset band <$50M · latest filing 2026-03 · live
Share link (named URL with a preview card): https://getbookiq.com/cu/wedevelopment-24937

Who the members are: federal charter, community charter, organized 2022, low-income designated, minority depository institution. 933 members of 4,000 potential (23.3% of the field); checking penetration 47% (share draft accounts per 100 members); loans per 100 members 27.

**Verdict on the desk:** this could be *stressed*. Composite score 10 of 18 (one point per flag across 17 flags, capital below 7% counted twice).

## What the filing shows

| Measure | Value |
|---|---|
| Total assets | $2.6M |
| Members | 933 (68.7% YoY) |
| Full-time staff | 3 |
| Net worth | $-191,511 |
| Net worth ratio | -7.3% (p0 of band) |
| ROA (annualized) | -38.82% (p0 of band) |
| Total delinquency | 15.24% (p99 of band) |
| Net charge-offs (annualized) | 30.00% (p100 of band) |
| Loans / shares | 48% (p35 of band) |
| Cash / assets | 40.2% |
| Borrowings / assets | 0.00% |
| Net interest margin | 3.90% (p51 of band) |
| Operating expense / assets | 20.63% (p99 of band) |
| Vehicles % of loans | 78% (p80 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 9% |
| Third-party paper % of net worth | – |
| Vehicle delinquency | 17.02% (p99 of band) |
| Vehicle NCO | 32.53% (p100 of band) |
| Repossessed % of vehicle book | 1.06% (p99 of band) |
| Real estate % of loans | 0% |
| Credit cards % of loans | 0% |
| Unsecured % of loans | 21% |
| Commercial % of net worth | – |
| Core shares % of member funds | 19% |
| Certificates % of member funds | 27% |
| Average share balance | $1,856 |
| Participations bought / yr | $0 |
| Participations sold / yr | $0 |
| Participations outstanding | $96,259 |
| Loans outstanding per 100 members | 27% |
| Loans granted per 100 members, annualized | 1% |
| Average loan balance | $5,379 |
| Loans granted, annualized | $343,128 |

## Participation posture (from the same filings)

Bought $0 and sold $0 in the latest annualized quarter; $96,259 outstanding purchased (– of net worth), $0 sold and retained. Sold in 0 and bought in 3 of the last 8 quarters. Shares 4.6% year over year.

## Flags firing in the latest filing

- **thin capital** (`cap_low`)
- **capital below 7%** (`cap_critical`)
- **losing money** (`earn_negative`)
- **expense trap** (`earn_opex`)
- **delinquency 2x band** (`aq_dq_high`)
- **charge-offs p90** (`aq_nco_high`)
- **repo signal** (`aq_repo`)
- **assets shrinking** (`shrink_assets`)
- **auto monoline** (`str_vehicle`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2022-09 | 1 | expense trap |  |
| 2022-12 | 1 |  |  |
| 2023-03 | 3 | net worth falling, losing money |  |
| 2023-06 | 3 |  |  |
| 2023-09 | 5 | delinquency 2x band, repo signal |  |
| 2023-12 | 4 |  | delinquency 2x band |
| 2024-03 | 6 | delinquency 2x band, delinquency rising |  |
| 2024-06 | 8 | charge-offs p90, assets shrinking, auto monoline | repo signal |
| 2024-09 | 8 | thin capital | assets shrinking |
| 2024-12 | 6 |  | net worth falling, thin capital |
| 2025-03 | 7 | repo signal |  |
| 2025-06 | 12 | thin capital, capital below 7%, net worth falling, 3rd-party paper>100% NW |  |
| 2025-09 | 13 | assets shrinking |  |
| 2025-12 | 12 |  | net worth falling |
| 2026-03 | 10 |  | delinquency rising, 3rd-party paper>100% NW |

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

- 2026-07-10 [NCUA Conserves Missouri's WeDevelopment Federal Credit Union - CUTimes](https://news.google.com/rss/articles/CBMimwFBVV95cUxOSWRESDhpZWg0SDhFZWZCaDNnM2F3UW5ycEZxdDFISDczUXNhZ0cwQVpfcDBOalpLV1FXLUpodkJBeHFETnl4OG4xV3pucUtSTDhmMVowcHBtR01nam1rSXJuaEk0NmQ1eW96N1ZBYzBlMXJRcEJxb01FMzEwVklmcGFtZlMtSG01QmlLVFZWSzQtSlA4VVF0c3ZyTQ?oc=5) · CUTimes
- 2026-07-10 [NCUA Conserves WeDevelopment FCU After Net Worth Falls To Negative 7.29% - cutoday.info](https://news.google.com/rss/articles/CBMirAFBVV95cUxOYlItUmZRRmpTeERpLTQ4ck5oMG4yOXozS1hPOEE4WTBnUjJXYVQ5WUtuamNzWUJJVWxhdk8wVjJPakdaMDZyQ2dhZ1NXWERoOEFxR3NFUFBEcEpoUk5POGR5b2F2N2pnTmJzU3ctOUZhb3l4U2JHS29CVjIxd3ZYYVRxblhQTFFvNmcteVZ5Q1pTUWNQT1RvWExxclk4aGlxUi1vdHVtUzgxTC1N?oc=5) · cutoday.info
- 2022-10-22 [WeDevelopment Federal Credit Union at 31st, Prospect aims to prevent predatory banking - KSHB 41 Kansas City](https://news.google.com/rss/articles/CBMivwFBVV95cUxPRFJKaUpPR2FfM0tMTGRBemFtRThHMDcxcUhSZzAyM01MSUNOYjJKYmppN3VWNy1IY1k0WGxmN2VoY1JidXotajFjUWVvYWE5TGUtc2paYkhyQVlrX1ZHbm96Z09FSEpBRW9vWnBzUGZydU9tNGRacnpySU9lMEJuTk9DRzVtdTNvWEJPVVVWM1dTZERDcTJyWENESHZtSmR0cVdLRWdsX05pdENWVXZKYUdwd0NKRHlkeC1RaWZ6dw?oc=5) · KSHB 41 Kansas City
- 2023-02-21 [A new credit union on Prospect aims to be the pebble that causes a ripple effect east of Troost - Startland News](https://news.google.com/rss/articles/CBMiXEFVX3lxTE9RRDhEZXRiejRiOEdXOWxfeXJEWUJqa3paNkZiaGlMYTd0QzNRaVdSQUpXSC1ydjhjS0hsblM3TW1Mb2x4RHlKRVU2ZU9JQzRxU3ZVRjZWdHJBVlN2?oc=5) · Startland News
- 2022-07-01 [WeDevelopment, East Kansas City Credit Union, Finally Approved for Charter - communityvoiceks.com](https://news.google.com/rss/articles/CBMiuAFBVV95cUxQd05iS0lacHNpX3oyU2p2ZlNiRjc1ZHhfV3FOU3J6a09HcTg2aEVDVkNHcVNiRVMwc01tQ1NyYWZjTHY1YVdoM2lPWk9SQzJOa0l5dGxWX1lkbGRNak9mVm9Bd1B3cXJqeWlMdHo3Z3BlRTh5aTdxZnM5Ny1Xb09LSWxvQW9EeDFxbUlyZmlFVE4yWERya3hYa2x6UkNMckUtalNaUTdMLURKWmlDenVMaXN5cUgxUU8x?oc=5) · communityvoiceks.com
- 2022-08-04 [NCUA announces first charter of 2022 - American Banker](https://news.google.com/rss/articles/CBMijgFBVV95cUxPTW0ybUxJbTFhUDZSTEdEUG5jdk1GRlRFYllNa3hVdEg3MVZ4bUpzZ0xWem1PVVhGTWhtMjJXUGp4eFM3ek9ObTdGTlZSQUtoS3hqdmxUaGNNUWhYdkl2RnRzZ0s5dFBPdDRWZGFVem5TWTdEWlMwQ3lOdlV1LUxTZ3JpRFRLeFpWQVQ3THJn?oc=5) · American Banker
- 2026-09-02 [NCUA Merges Conserved WeDevelopment FCU Into CommunityAmerica - cutoday.info](https://news.google.com/rss/articles/CBMinwFBVV95cUxObHZtXzFxa1J3S2VUVk5aOEZTdGxkX3pOYkRud3ZqNjNmMnZrWHJiSE9faEdJYmJmOHJLa211V3E0dTlQNDdSOTFhdWJ1MC1KdVdrR0FubEg3T0ZZYXQ0WjlnWEMtMXd1UmdMeVRHZjV4T0NUQ2xOcVNZNndxVXU1dy1UVzhVOVFhTTROYXYxZ0ZhU0NubmdOdEdodVJKa2c?oc=5) · cutoday.info
- 2023-07-25 [Six Month Update on New Community Credit Union - communityvoiceks.com](https://news.google.com/rss/articles/CBMilgFBVV95cUxPaHFoRDhqWnhaZUtoV0NCZWxwV3VrY1R5WnA0Q1RrU2p1SWxyY0diTDNzMEppajMzUGNMYjgwYVA3V0pwSXNVaV9wRjRyVXdMNm4yWXdpM0pnOUVFRTB3UHlLME15Z1NLYk5teERPQXIzTG9pLVRnQnNxdDdHUU8wV2gtbDZGQ3RSN0V5NnZsM25EeFBLamc?oc=5) · communityvoiceks.com

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=24937 (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/41.json (key "24937", 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=24937
- 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.

---
Rendered 2026-09-10 from the desks' own data files. Full guide: https://getbookiq.com/guide