# SECURITYPLUS
Baltimore, MD · NCUA charter 2769 · asset band $500M-1B · latest filing 2026-03 · live
Share link (named URL with a preview card): https://getbookiq.com/cu/securityplus-2769

Who the members are: federal charter, multiple common bond, organized 1938, low-income designated, minority depository institution. 35,873 members of 1,208,178 potential (3.0% of the field); checking penetration 54% (share draft accounts per 100 members); loans per 100 members 46.

**Verdict on the desk:** this could be *ordinary*. Composite score 1 of 18 (one point per flag across 17 flags, capital below 7% counted twice).

## What the filing shows

| Measure | Value |
|---|---|
| Total assets | $604.1M |
| Members | 35,873 (2.5% YoY) |
| Full-time staff | 96 |
| Net worth | $61.5M |
| Net worth ratio | 10.2% (p46 of band) |
| ROA (annualized) | 0.09% (p9 of band) |
| Total delinquency | 1.66% (p97 of band) |
| Net charge-offs (annualized) | 0.68% (p74 of band) |
| Loans / shares | 82% (p51 of band) |
| Cash / assets | 11.2% |
| Borrowings / assets | 1.99% |
| Net interest margin | 3.45% (p48 of band) |
| Operating expense / assets | 3.80% (p63 of band) |
| Vehicles % of loans | 19% (p25 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 67% |
| Third-party paper % of net worth | 97% (p50 of band) |
| Vehicle delinquency | 2.38% (p98 of band) |
| Vehicle NCO | 4.18% (p99 of band) |
| Repossessed % of vehicle book | 0.00% (p18 of band) |
| Real estate % of loans | 46% |
| Credit cards % of loans | 3% |
| Unsecured % of loans | 5% |
| Commercial % of net worth | 204% |
| Core shares % of member funds | 57% |
| Certificates % of member funds | 24% |
| Average share balance | $7,461 |
| Participations bought / yr | $41.7M |
| Participations sold / yr | $0 |
| Participations outstanding | $80.2M |
| Loans outstanding per 100 members | 46% |
| Loans granted per 100 members, annualized | 66% |
| Average loan balance | $26,205 |
| Loans granted, annualized | $113.1M |

## Participation posture (from the same filings)

Bought $41.7M and sold $0 in the latest annualized quarter; $80.2M outstanding purchased (130.4% of net worth), $0 sold and retained. Sold in 0 and bought in 8 of the last 8 quarters. Shares 4.8% year over year.

## Flags firing in the latest filing

- **delinquency 2x band** (`aq_dq_high`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 1 | 3rd-party paper>100% NW |  |
| 2016-06 | 1 |  |  |
| 2016-09 | 1 |  |  |
| 2016-12 | 2 | delinquency 2x band |  |
| 2017-03 | 3 | thin capital |  |
| 2017-06 | 5 | net worth falling, delinquency rising |  |
| 2017-09 | 3 |  | thin capital, net worth falling |
| 2017-12 | 2 |  | delinquency rising |
| 2018-03 | 4 | thin capital, net worth falling |  |
| 2018-06 | 3 |  | delinquency 2x band |
| 2018-09 | 2 | delinquency 2x band | thin capital, net worth falling |
| 2018-12 | 2 |  |  |
| 2019-03 | 1 |  | delinquency 2x band |
| 2019-06 | 2 | loan book shrinking |  |
| 2019-09 | 2 |  |  |
| 2019-12 | 1 |  | loan book shrinking |
| 2020-03 | 4 | net worth falling, losing money, delinquency 2x band |  |
| 2020-06 | 3 |  | losing money |
| 2020-09 | 4 | margin squeeze |  |
| 2020-12 | 3 |  | 3rd-party paper>100% NW |
| 2021-03 | 2 | thin capital | delinquency 2x band, margin squeeze |
| 2021-06 | 3 | delinquency 2x band |  |
| 2021-09 | 1 |  | net worth falling, thin capital |
| 2021-12 | 2 | thin capital |  |
| 2022-03 | 6 | net worth falling, losing money, delinquency rising, members leaving |  |
| 2022-06 | 3 |  | thin capital, net worth falling, delinquency rising |
| 2022-09 | 3 | leaning on borrowings | members leaving |
| 2022-12 | 1 | net worth falling | delinquency 2x band, losing money, leaning on borrowings |
| 2023-03 | 2 | 3rd-party paper>100% NW |  |
| 2023-06 | 1 |  | net worth falling |
| 2023-09 | 2 | delinquency 2x band |  |
| 2023-12 | 4 | net worth falling, delinquency rising |  |
| 2024-03 | 3 |  | net worth falling |
| 2024-06 | 3 |  |  |
| 2024-09 | 3 |  |  |
| 2024-12 | 3 | assets shrinking | delinquency rising |
| 2025-03 | 5 | net worth falling, losing money, charge-offs p90, members leaving | 3rd-party paper>100% NW, assets shrinking |
| 2025-06 | 5 | 3rd-party paper>100% NW | members leaving |
| 2025-09 | 2 |  | net worth falling, losing money, charge-offs p90 |
| 2025-12 | 1 |  | 3rd-party paper>100% NW |
| 2026-03 | 1 |  |  |

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

- 2025-01-31 [Securityplus Federal Credit Union selects Mike Barr as Chief Executive Officer - CUInsight](https://news.google.com/rss/articles/CBMiuwFBVV95cUxOTUJVM0Z5MVlvUWlyU1ZhcWZ0SVU5Y2NPdlFfT012WHdBdmZ4d1ZZdDBGc09LdFZQVFh4cDM2MndKTk5CZDFaeHdBNDFpemgtOF8tUy1vSDlnNFdmN2ZaSU9rR3YydWR2SUlBa0dsS0RBaExVZnhibFZOSEE2bS0tYlRtdDVDcThabVZwUTBPZTZuSXdEOGhXVHJGRktfS3R4OFlxYm1vM0ZXejZtR0lvYjZjRnNFXzFNVWZF?oc=5) · CUInsight
- 2026-08-21 [Securityplus Federal Credit Union Review - NerdWallet](https://news.google.com/rss/articles/CBMiggFBVV95cUxNU3NQR0pRcW9mQm03YjhVdG10SVVxNEI0ZDdsYm1hNVQ4dC1WMzltQXo3SV9JUW1qM0pzcWg5emtpMzRpQzg4R1lPR19kZ1pLd2pDYmQyMDkwN1BQTzdhWFp0eUxrR2NZd3VhTGowZy03UFRYVmtCWkhhWGJKV00xZDdR?oc=5) · NerdWallet
- 2023-03-01 [Securityplus Federal Credit Union expands with acquisition of Baltimore credit union - The Business Journals](https://news.google.com/rss/articles/CBMiqwFBVV95cUxOb3c5Tk5CM0lfR2hsM3l4RVdTZ1VKOHJhSm1kRW5iS0xaZjg1YVRyYzdLWTl5bmFXS2V6aE1sVjVTbjJjOEFGNUJyUzV1Z05ybmpUSFRlaTI4dFFzQmVxaWZCUlNJaVN5bkJnMUljblBySDNVRHlJQ3YyRmhsSE1oOHBnNWF3OHRtUm5GWW9sSWpxWVJGeTRXSWV1d3FaSkktNWVvMzNYTTExVlE?oc=5) · The Business Journals
- 2019-09-10 [Bill Kennedy | Securityplus FCU - Maryland Daily Record](https://news.google.com/rss/articles/CBMid0FVX3lxTFBhZ0lSUU5xYkRWb3ZyOEQycWlkd3pJS2V0bVR1TV95a3V0Qkt5NGVURzlHRHFvQWhjZWl4TlFqcVc5dHkzUmR4Y2NXQ0EzcVZJeldOVFBaR2YtNmM4dmliUmcyTThPcklYUHduNDludEJKbkRDVHpZ?oc=5) · Maryland Daily Record
- 2025-05-21 [Securityplus team members honored at Maryland & DC Credit Union Appreciation Night - CUInsight](https://news.google.com/rss/articles/CBMivgFBVV95cUxPZEdJN0x6MjBEU255b2hyYlZ4c1VwY2hWdGpyWHZNSjFGTmVjZWlJSENSR0g1cENuWENsWm9IZEJIMEFCLXlFOW8zSXlSRDUwRkVYRG14NVJZdkdEdUctemV0N2tSYXQtQ3JROEliRzRydGp1OUJpV0ZfNnFTSDlIOFpzNWRxRTdmT3JFRXdJYllMa08xWlhOM2RlZDlXQnlJSkx0a1FmQTVFMjdVcmd3QWtsYWdWVC1JNkRjMG1R?oc=5) · CUInsight
- 2022-03-07 [First Commonwealth exec to become first woman president of Maryland credit union - Lehigh Valley Business](https://news.google.com/rss/articles/CBMingFBVV95cUxQWm9sMFd5Z0dYOGNWc0hsTEUyWlhwV0ljeHdkeTkzRThMWUtUdC1uVXJpcmRqSFdBOGZYOXNyY1pBVU11WXhER2hobzdRRTdaSHBfX2ZNeFIyMC1NUEEwdXVjM2pSUHhfdzNCQ0VKbVdLTXBZdGlHem5YV1BOcDNrLUJRYkZHVW1aeTVfRTJ1Z0x2RUJGWURiSEhNbkVCZw?oc=5) · Lehigh Valley Business
- 2024-04-22 [Baltimore-area credit union CEO departs after two years - The Business Journals](https://news.google.com/rss/articles/CBMiqgFBVV95cUxQUXJQQjZJaFdvQ1lhNVhvN29VNmI3eDJwMHpYcWFUZGkxZnQxaXJHR1FsZHlWaWFOamllM25oSDkzTlZhZE5jUlRmOEdUcnpuRFJoM3V0Sy1PSFNqQ0Q0VXZsZXRWM1lVekdqMGxyNHVXb25vRk9zUzViSDJNQl8tVzhzeHBfNV9oWTFzMjU3YnlWeDFoRjZtWkhYd29rMzNLbTFkWmg2dGFkZw?oc=5) · The Business Journals
- 2022-03-07 [Securityplus FCU names first female president - Maryland Daily Record](https://news.google.com/rss/articles/CBMijAFBVV95cUxPQjNtY0hteURKMENwT0swQUlteWRlckprMnk1YTNjX2dCUk9LQjNTblhPY3dfejhBSm9mWEJnQVZINFdUc3VGZ2tvTmR2WS1DQnJjZE9jYXRnR2g2TWRnNE13TUo1Z1R0dW5aYnRSV0JvTUUtaTFSM2lLS0ZhUkRIQ0JkaGwySVM5QXZkSA?oc=5) · Maryland Daily Record

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=2769 (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/17.json (key "2769", 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=2769
- 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