# FORMATION
Baton Rouge, LA · NCUA charter 3061 · asset band $50-100M · latest filing 2026-03 · live
Share link (named URL with a preview card): https://getbookiq.com/cu/formation-3061

Who the members are: federal charter, multiple common bond, organized 1939. 9,111 members of 10,000 potential (91.1% of the field); checking penetration 28% (share draft accounts per 100 members); loans per 100 members 49.

**Verdict on the desk:** this could be *ordinary*. 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 | $95.2M |
| Members | 9,111 (-14.8% YoY) |
| Full-time staff | 24 |
| Net worth | $13.0M |
| Net worth ratio | 13.6% (p59 of band) |
| ROA (annualized) | 0.60% (p44 of band) |
| Total delinquency | 1.11% (p75 of band) |
| Net charge-offs (annualized) | 0.85% (p85 of band) |
| Loans / shares | 72% (p71 of band) |
| Cash / assets | 19.1% |
| Borrowings / assets | 0.00% |
| Net interest margin | 3.83% (p58 of band) |
| Operating expense / assets | 3.86% (p61 of band) |
| Vehicles % of loans | 55% (p68 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 0% |
| Third-party paper % of net worth | 0% (p25 of band) |
| Vehicle delinquency | 1.56% (p83 of band) |
| Vehicle NCO | 1.19% (p85 of band) |
| Repossessed % of vehicle book | 0.00% (p38 of band) |
| Real estate % of loans | 33% |
| Credit cards % of loans | 3% |
| Unsecured % of loans | 9% |
| Commercial % of net worth | 0% |
| Core shares % of member funds | 60% |
| Certificates % of member funds | 27% |
| Average share balance | $7,035 |
| Participations bought / yr | $0 |
| Participations sold / yr | $0 |
| Participations outstanding | – |
| Loans outstanding per 100 members | 49% |
| Loans granted per 100 members, annualized | 7% |
| Average loan balance | $13,259 |
| Loans granted, annualized | $11.2M |

## Flags firing in the latest filing

- **delinquency rising** (`aq_dq_rising`)
- **assets shrinking** (`shrink_assets`)
- **members leaving** (`shrink_members`)
- **loan book shrinking** (`shrink_loans`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 0 |  |  |
| 2016-06 | 0 |  |  |
| 2016-09 | 0 |  |  |
| 2016-12 | 1 | net worth falling |  |
| 2017-03 | 1 |  |  |
| 2017-06 | 0 |  | net worth falling |
| 2017-09 | 0 |  |  |
| 2017-12 | 1 | assets shrinking |  |
| 2018-03 | 1 |  |  |
| 2018-06 | 1 |  |  |
| 2018-09 | 0 |  | assets shrinking |
| 2018-12 | 0 |  |  |
| 2019-03 | 0 |  |  |
| 2019-06 | 0 |  |  |
| 2019-09 | 0 |  |  |
| 2019-12 | 1 | delinquency rising |  |
| 2020-03 | 1 | net worth falling | delinquency rising |
| 2020-06 | 1 |  |  |
| 2020-09 | 1 | margin squeeze | net worth falling |
| 2020-12 | 0 |  | margin squeeze |
| 2021-03 | 1 | margin squeeze |  |
| 2021-06 | 0 |  | margin squeeze |
| 2021-09 | 0 |  |  |
| 2021-12 | 3 | delinquency 2x band, delinquency rising, auto monoline |  |
| 2022-03 | 2 |  | auto monoline |
| 2022-06 | 2 |  |  |
| 2022-09 | 1 | auto monoline | delinquency 2x band, delinquency rising |
| 2022-12 | 1 |  |  |
| 2023-03 | 1 |  |  |
| 2023-06 | 1 |  |  |
| 2023-09 | 0 |  | auto monoline |
| 2023-12 | 0 |  |  |
| 2024-03 | 2 | delinquency rising, assets shrinking |  |
| 2024-06 | 1 |  | assets shrinking |
| 2024-09 | 0 |  | delinquency rising |
| 2024-12 | 1 | net worth falling |  |
| 2025-03 | 1 |  |  |
| 2025-06 | 1 | members leaving | net worth falling |
| 2025-09 | 2 | delinquency rising |  |
| 2025-12 | 5 | losing money, delinquency 2x band, assets shrinking, loan book shrinking | members leaving |
| 2026-03 | 4 | members leaving | losing money, delinquency 2x band |

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

- 2026-07-02 [What’s going up on Airline Highway, near Coursey Boulevard? - The Advocate](https://news.google.com/rss/articles/CBMi0wFBVV95cUxNaVFlVDl3S1pCTFVWQ1IzWXMzdWpnOGJZcHRHMHhyRmNHRVNuZHlVT3pVYlY4VjhZMGUyOGI1aWJzY3JPSDlIYkc5REZxNXlLZ2dyOTh6VDNVLTM2QUlLaVdWMF96Sm1lcnNabi1xZktOOVBXZVFDX3htc0RrRzg2aTRvTXRiUS16UXJkYlYxV2F6ZGdQb2lBb3I3M2NmNEZ4MzE4QklSZW5tTFBRSjF3LW1FbzQxVjhwRFhyU0dXWnpjVGZMc0wxSkFOLTFfWFhjRl9J?oc=5) · The Advocate
- 2026-06-26 [608 Brewing, Altra Federal Credit Union partner for limited edition beer - news8000.com](https://news.google.com/rss/articles/CBMiggJBVV95cUxPNEhuSWFJam4xdUhwZTVMNW5lbDV4NXJEZWY3bDNQaGhMWUs5RGZGWEZSMzJtZEliMV9uZnJSVGpBTjBlS1hTbGQxM2xWNGttM216aThiNXFfRHpfS1FfYzRablJtbUhmS1lfTzRkMXhfTWt2YVc4alVOM1lMd0xTdlVpb1dPZ2Mya2t1a0ZLdXE0ZE02MmU1c1ZqdDRjZUhKXzlFZVZuMUdNUDMybXZHVFlBRVF4RUc5Vm1rRmFTc2V3VHNod1VxTkc1eEViTW1hVGk2U013VFoyQ29XUWlPSUpLY0dtdy1yeDVLcVBOLUZBOGQwRGZGb25fM3B6UVN3Ymc?oc=5) · news8000.com
- 2026-05-21 [House Advances Housing Bill With Credit Union Relief Provisions - CUTimes](https://news.google.com/rss/articles/CBMioAFBVV95cUxOOW1ELWFpNVBfbjV1M3QyUGRpWHBsSXFDYkRRRE1ubWxzcXlTZHhIbnlOSDg2d1Vac1VYX1A5NHl0TW55Nm9UMC1RUUxyc19BZVVVWDFVaGx1dFVweHRtdHpIRUxpVmJUVVA2Yy1SaWlDTW14dURIRDVtaEdKS0VwNmN4QV90M1Zzd1BIdTVVTXA5S2dXaGl4aVR4RjFrcFZl?oc=5) · CUTimes
- 2026-01-08 [Best Certificates of Deposit Rates in Louisiana for 2026 - moneyrates.com](https://news.google.com/rss/articles/CBMiaEFVX3lxTE1Idkd3aUNMNFRmdzItSUI5ZEdWMEVxZUFSTHdzY0oyZnYtamhWM2UxQWs0enY3Wl9CeHFMZml0bU9sSkVJX3R5OWlrUkxPRE1CRTlod3NXUFo2UTJ3Q0I5QWNFU3pSQ1Fz?oc=5) · moneyrates.com
- 2020-02-16 [Kanye West Returns to Chicago for Soul-Stirring Sunday Service - Billboard](https://news.google.com/rss/articles/CBMijgFBVV95cUxPT1U4UTNLZkwyYnowMURrYjRGNkJ6X1U0SFVfVzhINWs5dk5HZ3c2WFh1MmprN1dZakxGdVNKVXUzSjdjZEN6ajg0STh0Z3RfeFdCek4wQzBVY2Uzc2RTcXFlaVRaS0daZGNQLW0yaGtEVTk1V2RENDBYazM5aHJKQkV6X180czVTZE1acHJR?oc=5) · Billboard
- 2025-08-29 [Bank gives greenlight to seize vehicle of Jonathan La Crette - thenewtodaygrenada.com](https://news.google.com/rss/articles/CBMiqwFBVV95cUxPY3BTMEdNOHIzc1JUX0F3cXBUckdoN180WWlUWE5WZTFfN1I5Yk9yQWprcm95VVAtWUY0czR3SWZhSWdtWTk1eUJ1UDRPX1NlMkJGdkVhbUg2RmhfQWE2T1NBaGlvVWlPZnQzR3lVakx0cE5ZbmUwUUtUeFVUcDNZVXo4N1NHZnhRZXF4aVpQN0tsS01uLVdkVVJhUG9fN0MxTldSSGxmMnV0THc?oc=5) · thenewtodaygrenada.com
- 2012-03-15 [Senate eyes capital formation bill - Hacker attacks against the government on the rise - Google and Hollywood unite for WHCD - Mobility on the mind - Politico](https://news.google.com/rss/articles/CBMirAJBVV95cUxQWDFoUWZCS1pCZ3p3UFZtdmJWb0ZJRERuNGNJS1U0bW84M1dUY1d5RzdqbU9IOTNNMGR4dXlqbUw5X2ZBNHM3bXNsTVJfVTg1RzJveFdhX2lGaHJsbmVLOGVjMVh3ckxMVFZmc1lDMkRkd21uSHpnc1cycndWLXJNNGhTR3E0Z3BiQkw3Q2FYZXhUb2hzemZfX2VKOVZTRGtRV0VzZEdlNWVhWV8wMmdxYkU5aFJGS01GOFdOc1JubWVmcXl3VWZ6Q256bjNwcjBpbW5ZUWFWLTU0WkVFaUxVMExsNzI5bkJOYWUtaGpiWjFhS0YxNUs1MG5VUy1MSEpLeFZCZk9BbGpCUFk5bXZYMy1LLVFEdEtkaVY1dlFPOUdZN3NRUlRDeDNqYk8?oc=5) · Politico
- 2023-05-05 [Teachers Credit Union moves from under 100 members to over 13,000 in 45 years - SearchLight.vc](https://news.google.com/rss/articles/CBMinwFBVV95cUxNMUpfWUFMZ1p4czI3ck5QU0ZvSUpMdTJXM09FdlY1WmNTOWdjRFU1V0FvT09pck0zWXhBcXhlNnVCLW9HSU9nOXR6cks2RFR3MmRmRWx2XzMxYWdrQ3VjTjlhUDBSSzN4SjRkLVdOM20xYWNoNi1NUlhjN19hazh0R2JRSFVrT0JZRjYxZDFVT21oa3pOWFlZbG9ySThqWFE?oc=5) · SearchLight.vc

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=3061 (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/53.json (key "3061", 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=3061
- 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