# BELLCO
Wyomissing, PA · NCUA charter 2531 · asset band $100-200M · latest filing 2024-03 · stopped filing after 2024-03 (departed; for a credit union that is almost always a merger)
Share link (named URL with a preview card): https://getbookiq.com/cu/bellco-2531

Who the members are: federal charter, multiple common bond, organized 1938. 13,277 members of 432,821 potential (3.1% of the field); checking penetration 58% (share draft accounts per 100 members); loans per 100 members 44.

**Verdict on the desk:** this could be *indirect buyer*. 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 | $175.7M |
| Members | 13,277 (-0.9% YoY) |
| Full-time staff | 29 |
| Net worth | $15.0M |
| Net worth ratio | 8.5% (p12 of band) |
| ROA (annualized) | 0.75% (p56 of band) |
| Total delinquency | 0.75% (p68 of band) |
| Net charge-offs (annualized) | 0.27% (p48 of band) |
| Loans / shares | 85% (p79 of band) |
| Cash / assets | 11.7% |
| Borrowings / assets | 0.00% |
| Net interest margin | 3.66% (p70 of band) |
| Operating expense / assets | 3.66% (p58 of band) |
| Vehicles % of loans | 29% (p31 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 86% |
| Third-party paper % of net worth | 232% (p86 of band) |
| Vehicle delinquency | 1.45% (p87 of band) |
| Vehicle NCO | 1.03% (p83 of band) |
| Repossessed % of vehicle book | 0.20% (p87 of band) |
| Real estate % of loans | 47% |
| Credit cards % of loans | 2% |
| Unsecured % of loans | 3% |
| Commercial % of net worth | 162% |
| Core shares % of member funds | 51% |
| Certificates % of member funds | 23% |
| Average share balance | $5,847 |
| Participations bought / yr | $4.0M |
| Participations sold / yr | $0 |
| Participations outstanding | – |
| Loans outstanding per 100 members | 44% |
| Loans granted per 100 members, annualized | 6% |
| Average loan balance | $23,600 |
| Loans granted, annualized | $28.2M |

## Flags firing in the latest filing

- **thin capital** (`cap_low`)
- **delinquency rising** (`aq_dq_rising`)
- **3rd-party paper>100% NW** (`str_thirdparty`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 1 | 3rd-party paper>100% NW |  |
| 2016-06 | 2 | repo signal |  |
| 2016-09 | 1 |  | repo signal |
| 2016-12 | 1 |  |  |
| 2017-03 | 2 | repo signal |  |
| 2017-06 | 1 |  | repo signal |
| 2017-09 | 1 |  |  |
| 2017-12 | 2 | repo signal |  |
| 2018-03 | 3 | net worth falling |  |
| 2018-06 | 1 |  | repo signal, net worth falling |
| 2018-09 | 3 | thin capital, leaning on borrowings |  |
| 2018-12 | 3 |  |  |
| 2019-03 | 1 |  | thin capital, leaning on borrowings |
| 2019-06 | 1 |  |  |
| 2019-09 | 2 | delinquency rising |  |
| 2019-12 | 1 |  | delinquency rising |
| 2020-03 | 2 | thin capital |  |
| 2020-06 | 4 | net worth falling, margin squeeze |  |
| 2020-09 | 3 |  | net worth falling |
| 2020-12 | 3 |  |  |
| 2021-03 | 3 | net worth falling | margin squeeze |
| 2021-06 | 2 |  | net worth falling |
| 2021-09 | 2 |  |  |
| 2021-12 | 3 | delinquency rising |  |
| 2022-03 | 4 | net worth falling |  |
| 2022-06 | 2 |  | delinquency rising, net worth falling |
| 2022-09 | 2 |  |  |
| 2022-12 | 2 |  |  |
| 2023-03 | 2 |  |  |
| 2023-06 | 3 | delinquency rising |  |
| 2023-09 | 3 |  |  |
| 2023-12 | 3 |  |  |
| 2024-03 | 3 |  |  |

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

- 2023-05-16 [FIRST COMMONWEALTH FEDERAL CREDIT UNION AND BELLCO FEDERAL CREDIT UNION ANNOUNCE INTENT TO MERGE - PR Newswire](https://news.google.com/rss/articles/CBMi5wFBVV95cUxNN1p0R3M5d0pGVG9lOC05bVdycGhhNm9KU180TjhoSWphMTB4SDFMdnV3TW5vaW9oTXZ6dll5SkRSeEtXWmNaTVhkcGxScy0xN1AwSThwalFFOW9lOFJXcGJMU3RGS2hHZUlSNV85cDdJZXBzWXZ5b0NOZG5QTnFqUFFYUTZEZFJrcHNmZHNyUEhWeUQzWXJvU20tWWE1OWo5V2lOUU4xVDEtdkp1M0xqNHVaUG04NGxPaUZWUElFcDI3eVkzVWJMeDVaa0Rzakpsc0pGeGdIb1gxLWpBbmg2RTc3QUtELVk?oc=5) · PR Newswire
- 2024-02-06 [First Commonwealth Federal, Bellco Federal Credit Union merger expected to be official on June 1 - WFMZ.com](https://news.google.com/rss/articles/CBMijwJBVV95cUxPWEs2M1NsZTJSMzNzblBzbGdCQ28ySTBWUUZVSHJxSVNlOGdudFhsTlNMamI5bmlRNmwtNjVxU3lvckJETXRHZVRUbGVYZkNkTml5WjVxQ0VNQ05yRWRON1dUYVRfbUdUWXBqR1dwd0VreGt1UXhoRTI3REpncGNBemxpcHZCamN3OTVRcGRvXy1YQlc1b0Z2RzNiMHd0ak5YMDByR3REM1cySFpmNmo4R2stcHFxczdrOU5EeDNVNllxSmo2bjJFb2pYbkx3RFhrLVhuU0RyUU8wVHhCTzcya1lZWDhNNVNpeEhMZ21FSFZjaUgxWnY2bXhQNWV5Zld2cU83clJRYWwyb0NxUU5j?oc=5) · WFMZ.com
- 2023-06-20 [Forbes 2026 America's Best Credit Unions In Each State List - Forbes](https://news.google.com/rss/articles/CBMiaEFVX3lxTE9vRWJOaE5OZ1NrY3RJeUZnWS1yRXkwMUYzYllJMTN3VEQxTWtwNHJGdC1FejkwVF9UT045OWFhQ0NSWmtzTHBJeXZFSFdydTNuc2VyT3BjUGRLcmlWLWhaVHNJUVZMRHNt?oc=5) · Forbes
- 2018-09-12 [Getting to the next professional level takes some swimming upstream - American Banker](https://news.google.com/rss/articles/CBMitwFBVV95cUxObTk5b2RiOTlfbDFKZGtnVWRndXE1Vm1WZy0xV1pWUHVxVkh2SEY0eDNDU01xLU16NFFkRmlfTjBUVl91YzRiMVNkVXl2S3BjOE1RNi1RdFFCdmQ5UW1hai1MWVByRGlWdHQ1N0MzaktYMHVjaTg1QWtCck5LOGRva0dmUGRZZHJqbnRDY1plN3RCY1lOQ2oyVVAtZEtHNjN6bzVzSzlTTF8xU0RKR3BNcmtBY2loblk?oc=5) · American Banker
- 2022-02-24 [Chad James Scobie - gabauerfamilyfuneralhomes.com](https://news.google.com/rss/articles/CBMie0FVX3lxTE9TYkFEcjhLNW5OTkxVQlBITkJodnRIcVNLMWlZZ2kxcE9BNWpQbzJ1MGxPSnM2NlJuN0k5M0ZuVGhuRjc0RXNFMXh6bk04RXByb25WNFNMdjU1bW9ySUlzVEh6Nk83ZGhnUUdFT29xZkVFVE5pTUhWLWxlaw?oc=5) · gabauerfamilyfuneralhomes.com
- 2021-10-02 [Benni Schneider Obituary (2017) - Phillipsburg, NJ - Lehighvalleylive.com](https://news.google.com/rss/articles/CBMimwFBVV95cUxPbmFGaWxnZWJSQ0xjeTZfUGZUNlh5dEkzUjY2NmZoY1I2THBnWlpWbnI4U0pPWDluYjRrUFVNRVBTZFdTc1VfZDFWVEhxa1RNMjZxQUtjUE5NQmc4MHo3dERqQWFQYVlfYkVyYjZqRTFSbXZWVDZjWWxRTkRzdDlDOXROZmJmRHdqbnM4MWhCRklBRk4yejlNNnVyOA?oc=5) · Lehighvalleylive.com
- 2024-05-26 [Elizabeth Bobbin Obituary - Schnecksville, PA (1933-2022) - The Morning Call](https://news.google.com/rss/articles/CBMieEFVX3lxTFBOckJQM2g4dlctaDctQkg1cjg4aldaM2lpczJmZTBSV0VJamllMGVhOGZ1dFV4dmhMN1J5ZXJzS1JhSEFLZVE5T09wNVBKTzdvdW9BSkVyYkFsNkwweDhURW1kNVVkdlp4ZkhkT2p4WVl1UGJpVzJNQg?oc=5) · The Morning Call
- 2017-06-22 [Two CUs focus on lending talent, plus new hires, promotions and honors - American Banker](https://news.google.com/rss/articles/CBMiuAFBVV95cUxOUEZHLVU3RjdGc2lhRkJhRzRqbEM0V1duRmxXaW84UnAzdDNNdkxVTjBhSnhtLUl2YTVGS0lYTzBPTjRWTXU5OFhlY3BnNGtfZnVNZkYzaXBzMGU5QUkyamdlNkpVbzU2QU9KWW9KZVlNNVEyQlVneU9zbWlVdzRqajdvLTNBM2ozcnlxWEJLM0VjNzhUUzdXMzBlMFI0Y1hYSjBJWVNMNEFrS1Q3MXhUNG01QldySGtf?oc=5) · American Banker

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=2531 (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/35.json (key "2531", 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=2531
- 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