# VIRGINIA
Richmond, VA · NCUA charter 24962 · asset band $1-10B · latest filing 2026-03 · live
Share link (named URL with a preview card): https://getbookiq.com/cu/virginia-24962

Who the members are: federal charter, multiple common bond, organized 1928, low-income designated. 494,625 members of 1,900,000 potential (26.0% of the field); checking penetration 56% (share draft accounts per 100 members); loans per 100 members 55.

**Verdict on the desk:** this could be *indirect buyer*. Composite score 2 of 18 (one point per flag across 17 flags, capital below 7% counted twice).

## What the filing shows

| Measure | Value |
|---|---|
| Total assets | $7.36B |
| Members | 494,625 (0.9% YoY) |
| Full-time staff | 1050 |
| Net worth | $787.0M |
| Net worth ratio | 10.7% (p50 of band) |
| ROA (annualized) | 0.43% (p24 of band) |
| Total delinquency | 0.90% (p75 of band) |
| Net charge-offs (annualized) | 0.88% (p80 of band) |
| Loans / shares | 83% (p40 of band) |
| Cash / assets | 5.2% |
| Borrowings / assets | 2.95% |
| Net interest margin | 3.79% (p81 of band) |
| Operating expense / assets | 3.90% (p83 of band) |
| Vehicles % of loans | 35% (p69 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 65% |
| Third-party paper % of net worth | 157% (p56 of band) |
| Vehicle delinquency | 0.92% (p74 of band) |
| Vehicle NCO | 1.31% (p67 of band) |
| Repossessed % of vehicle book | 0.00% (p11 of band) |
| Real estate % of loans | 30% |
| Credit cards % of loans | 7% |
| Unsecured % of loans | 14% |
| Commercial % of net worth | 135% |
| Core shares % of member funds | 36% |
| Certificates % of member funds | 26% |
| Average share balance | $8,803 |
| Participations bought / yr | $0 |
| Participations sold / yr | $0 |
| Participations outstanding | $1.3M |
| Loans outstanding per 100 members | 55% |
| Loans granted per 100 members, annualized | 10% |
| Average loan balance | $19,523 |
| Loans granted, annualized | $1.76B |

## Participation posture (from the same filings)

Bought $0 and sold $0 in the latest annualized quarter; $1.3M outstanding purchased (0.2% of net worth), $0 sold and retained. Sold in 0 and bought in 0 of the last 8 quarters. Shares 4.5% year over year.

## Flags firing in the latest filing

- **net worth falling** (`cap_falling`)
- **3rd-party paper>100% NW** (`str_thirdparty`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2024-09 | 2 | leaning on borrowings, 3rd-party paper>100% NW |  |
| 2024-12 | 2 | thin capital | leaning on borrowings |
| 2025-03 | 1 |  | thin capital |
| 2025-06 | 1 |  |  |
| 2025-09 | 1 |  |  |
| 2025-12 | 1 |  |  |
| 2026-03 | 2 | net worth falling |  |

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

- 2026-04-22 [Member One-Virginia Credit Union merger creates bank account issues - WDBJ7](https://news.google.com/rss/articles/CBMiowFBVV95cUxPQVJnRU42cmdiLUJkMFlrOWhuaHYzbEh3eE1HM0xnelNUcDRCRjFESVB2QjRxLVFRWVJhalNOak9RN2k0REFtMkphbmFRSHkxT2VTWjNPaUZ4UVNWVk5sR2NIRW9xbGxram5ZQTBRS0V6YjYtSGcyUXE3OVR0VGVUcnVKUlZRbUx6d1dOWmYtRnlhRm9IcElHRFFKbTA2bkswY1Mw0gG3AUFVX3lxTE5ld3dNS2dtc2tSWVhTZzc5cVcxMlozRHk4WWpPYWR1OVlteUh6bEFPREhtR3RKRnhzQUN5bXlwZzJKRXlmLVJOZjdselROTm1lZXliT2ZCbWNXWW5HV1MyNmVra3VYZktmNWFxMlU3NExyUksyR0hGODhwaHU2aHNSWU11M0NYYVVfZTVmb1gzVWRwYmRwNjBsYWRkbVg0YUZEQ2VmQlJyRFhUS2ZEeTk5c0UwNzk1Zw?oc=5) · WDBJ7
- 2026-04-27 [Merger between MemberOne and Virginia Credit Union causes issues for ex-MemberOne customers - WSLS](https://news.google.com/rss/articles/CBMi0AFBVV95cUxPT1FGT3ItekkybXRjWmdSaFpQM25JNzVsc0ZEcnBJUlF0NVhldncwYjJSN2pGS19hSHVuV1RqYU85RjJLYmpEOUNscmNoRWRBcWVrR0ZsRFVwVVVEbnZ3TV9uYW5SX0lKU3R5andhNGlENUZUQ3JSZ0NqYWJNUkI2S0U3VzZJbjMtQjFDcVloWF9lMjVNbE1veEU0M3FvWGx2ZklJbTllZXAxS1c5XzlDcFRDSGNJV3EtQlVtT1d5Z2JXa1J2RVZadVlDeWY3SzVn?oc=5) · WSLS
- 2026-08-27 [Va. state senator calls on Navy Federal to help victims forced to repay loans they didn't take out - WTKR](https://news.google.com/rss/articles/CBMizAFBVV95cUxPRFU3R0FEX2NTLWgwcGlfbkVaUUdsbk1UU1pHR1BKdmZvWW9TMFQ2Tjd1VHJsRXVlR0Q2cUU3THlJSTMtdWRLZ3JuNXh1alU4c2FXVi0zVjRnTGJqbUdfSjhjdzhCY2ZHeWhhRkF5ZkpNU3FrWmY2d0VlbklqUDVTdng5VDNSWFpDOGw0dnZTQm9TVDBEZzIyQ0Z4TGJFZlgydDJxY2lyLTV6N3VGa0JtVHVBek81MGpzR3psVVNoN2JYU2p3ZFFIOW1MWTA?oc=5) · WTKR
- 2025-10-08 [Virginia Credit Union to open new Chesterfield County branch - CUInsight](https://news.google.com/rss/articles/CBMiowFBVV95cUxOdnhXbFI4akR2aS1udnFETlQzMUZMNVZ0cWY4YWxieHRxNy1kMDhmRk9LUEJldlExN01jQTEyY285TzQ4YkhKa0JROTk5WVZpV0tSWW16dnBia3N6WlNqUjJobEtRaHBhNFVNUHBtSVp3Y0VKUjVjRU4ySTBUOF9FQjMtWTFpRGpkcUdOMWRHbDZiM2xheXdVTC1nWlRUNHZzaENn?oc=5) · CUInsight
- 2026-04-24 [Credit Union merger continues to leave some customers without paychecks, insurance payments - WDBJ7](https://news.google.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?oc=5) · WDBJ7
- 2026-04-13 [Official Fredericksburg Nationals Website - MLB.com](https://news.google.com/rss/articles/CBMiUEFVX3lxTE92M0ZtYjRjSW1XbkROR0xZcXQ0Yy1OVUNXMjJ3R29jWEo5TWs0LWpFUXowc0NMSERoWGJmdDdjMHBGTElHMFRyYnVzMUV4VW5i?oc=5) · MLB.com
- 2026-03-23 [No. 9 Virginia Set to Play Maryland in Fredericksburg on Tuesday - virginiasports.com](https://news.google.com/rss/articles/CBMiqgFBVV95cUxQZEpSRTc4T0RCZHh0djFIVEk4MVZWVmJIQWJ3Y2JObTJ6ZFplcFpqSEFRaXQ4UkpuX05CV19nWG5KS1J2Uy1MSVdJOURnSzJNRXRXVjdNZEVibUFIOTQ2OHdSM0Rmck9fYkFmcUhBaWRfRDhzQ3N1N3pqUkI4enF3SFdnRjJ0T29tWmpGOGU5bEgxUS1XTXh5R2daemVzd3l6SC1jbERSWG5KZw?oc=5) · virginiasports.com
- 2026-01-05 [West Virginia Central Credit Union surprises members with owner dividend deposits - WTAP](https://news.google.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?oc=5) · WTAP

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=24962 (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/2.json (key "24962", 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=24962
- 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