# DUCOTE
JACKSONVILLE, FL · NCUA charter 2654 · asset band <$50M · latest filing 2016-09 · stopped filing after 2016-09 (departed; for a credit union that is almost always a merger)
Share link (named URL with a preview card): https://getbookiq.com/cu/ducote-2654

Who the members are: federal charter, multiple common bond, organized 1938, low-income designated. 805 members of 20,000 potential (4.0% of the field); checking penetration 17% (share draft accounts per 100 members); loans per 100 members 33.

**Verdict on the desk:** this could be *liquidity-rich*. Composite score 4 of 18 (one point per flag across 17 flags, capital below 7% counted twice).

## What the filing shows

| Measure | Value |
|---|---|
| Total assets | $3.0M |
| Members | 805 (– YoY) |
| Full-time staff | 1 |
| Net worth | $746,126 |
| Net worth ratio | 24.9% (p92 of band) |
| ROA (annualized) | -5.88% (p1 of band) |
| Total delinquency | 1.63% (p68 of band) |
| Net charge-offs (annualized) | 4.17% (p98 of band) |
| Loans / shares | 18% (p5 of band) |
| Cash / assets | 54.3% |
| Borrowings / assets | 0.00% |
| Net interest margin | 1.27% (p3 of band) |
| Operating expense / assets | 8.30% (p98 of band) |
| Vehicles % of loans | 18% (p12 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 0% |
| Third-party paper % of net worth | 0% (p45 of band) |
| Vehicle delinquency | 1.90% (p78 of band) |
| Vehicle NCO | 0.00% (p25 of band) |
| Repossessed % of vehicle book | 0.00% (p44 of band) |
| Real estate % of loans | 0% |
| Credit cards % of loans | 0% |
| Unsecured % of loans | 75% |
| Commercial % of net worth | 0% |
| Core shares % of member funds | 97% |
| Certificates % of member funds | 3% |
| Average share balance | $1,735 |
| Participations bought / yr | $0 |
| Participations sold / yr | $0 |
| Participations outstanding | – |
| Loans outstanding per 100 members | 33% |
| Loans granted per 100 members, annualized | 21% |
| Average loan balance | $1,410 |
| Loans granted, annualized | $287,727 |

## Flags firing in the latest filing

- **net worth falling** (`cap_falling`)
- **losing money** (`earn_negative`)
- **expense trap** (`earn_opex`)
- **charge-offs p90** (`aq_nco_high`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 3 | losing money, expense trap, charge-offs p90 |  |
| 2016-06 | 3 |  |  |
| 2016-09 | 4 | net worth falling |  |

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

- 2021-11-29 [Ducote's survival: You can bank on it - The Florida Times-Union](https://news.google.com/rss/articles/CBMipwFBVV95cUxOTXRoRkZDR3l5c3NRYi1vNXRGZkJrRkhSZU9HVlhYUnJXdmo5MXFBdnFDTEJDOFBURjBTbnNSM1ZaYTRmWEI5OTM4SU0zQnJ2TWdwR2J4aXZhUGNWbUxYalMweG84RDZQRFFtLXdFYlpNU1hpV19VanBUQi1nR3VYY0hoMExGXzV1ckc5Z2RDOU5KX0VsRVBXOHZZajBsRS1Wdy1ZeW1LMA?oc=5) · The Florida Times-Union
- 2024-05-03 [History Lovers Tour Covers Northside Historic Monumental Urban Scenes - Jacksonville Free Press](https://news.google.com/rss/articles/CBMipwFBVV95cUxOUFNZUGd2Qy1XcHk4T0djOGpBWnNhRlhOeGFDQjNYNEZMaTJyQUN5N2tud1ZNMDdZSlkyejNYUUVjTndoLVFLSGtQZzYzSl9Ma0pkS3JrU2NBQV80V1hoWHozZGx1MDRUVVJDWDZZUXV4LWd5M3RYNFVKc0RKeDNYMERBUjdkVS1keVpPeDR6UV9qaV9FYVNVWU52YkM5dXc5TEdOZHFsOA?oc=5) · Jacksonville Free Press
- 2026-02-23 [BLACKSONVILLE 100 | The Bethel Church - JaxToday](https://news.google.com/rss/articles/CBMid0FVX3lxTFByYkIxVHBPaWJ4YWl2RVd5Y0xpc2F1cUFSNkxlVTdqaTVzTWNYM2FoSlZ3QWZSejVLaFZ4Y19EQTJ3ZzBiMEVnTVBQekJfS0FDSXUxQkxHUTFrdlVkRWtwRFk3ZDFhdkJTYWVrcTBadENCdTVybFgw?oc=5) · JaxToday
- 2021-09-07 [Alice Comer Moore Denson October 21, 1936 – August 14, 2021 - Jacksonville Free Press](https://news.google.com/rss/articles/CBMijgFBVV95cUxQdUd2M2hyV0tScEJtbFdBRjRqbmJvakFfYTRjd1htZW5iemx3ellQdEYyd092b2d1Z24xbHptendPWmhydmRJYWtjazd1ZEd3LTV6LXh0Q3NLcG5jcFAwM3pLRm5VVXc1aWhBZkszS0RkSnFQSWhYdWl4WS1TcjNNRFZRUWhZLXJ1VWw3TjBB?oc=5) · Jacksonville Free Press

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=2654 (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/30.json (key "2654", 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=2654
- 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