# TRUENERGY
SPRINGFIELD, VA · NCUA charter 3323 · asset band $100-200M · latest filing 2026-03 · live
Share link (named URL with a preview card): https://getbookiq.com/cu/truenergy-3323

Who the members are: federal charter, multiple common bond, organized 1939, low-income designated. 7,802 members of 17,000 potential (45.9% of the field); checking penetration 44% (share draft accounts per 100 members); loans per 100 members 61.

**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 | $129.0M |
| Members | 7,802 (-2.8% YoY) |
| Full-time staff | 22 |
| Net worth | $15.7M |
| Net worth ratio | 12.2% (p56 of band) |
| ROA (annualized) | 0.32% (p26 of band) |
| Total delinquency | 0.87% (p67 of band) |
| Net charge-offs (annualized) | 0.53% (p70 of band) |
| Loans / shares | 84% (p78 of band) |
| Cash / assets | 10.3% |
| Borrowings / assets | 0.00% |
| Net interest margin | 4.01% (p72 of band) |
| Operating expense / assets | 4.02% (p63 of band) |
| Vehicles % of loans | 12% (p10 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 1% |
| Third-party paper % of net worth | 2% (p36 of band) |
| Vehicle delinquency | 1.52% (p86 of band) |
| Vehicle NCO | 0.17% (p28 of band) |
| Repossessed % of vehicle book | 0.00% (p32 of band) |
| Real estate % of loans | 66% |
| Credit cards % of loans | 3% |
| Unsecured % of loans | 19% |
| Commercial % of net worth | 11% |
| Core shares % of member funds | 56% |
| Certificates % of member funds | 30% |
| Average share balance | $10,228 |
| Participations bought / yr | $15.8M |
| Participations sold / yr | $0 |
| Participations outstanding | $29.0M |
| Loans outstanding per 100 members | 61% |
| Loans granted per 100 members, annualized | 25% |
| Average loan balance | $19,771 |
| Loans granted, annualized | $28.5M |

## Participation posture (from the same filings)

Bought $15.8M and sold $0 in the latest annualized quarter; $29.0M outstanding purchased (184.9% of net worth), $0 sold and retained. Sold in 0 and bought in 3 of the last 8 quarters. Shares 0.4% year over year.

## Flags firing in the latest filing

- **net worth falling** (`cap_falling`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 0 |  |  |
| 2016-06 | 1 | losing money |  |
| 2016-09 | 1 |  |  |
| 2016-12 | 1 |  |  |
| 2017-03 | 2 | net worth falling, delinquency rising | losing money |
| 2017-06 | 4 | losing money, members leaving, leaning on borrowings | delinquency rising |
| 2017-09 | 4 |  |  |
| 2017-12 | 3 |  | losing money |
| 2018-03 | 4 | losing money |  |
| 2018-06 | 1 |  | net worth falling, members leaving, losing money |
| 2018-09 | 1 |  |  |
| 2018-12 | 2 | delinquency rising |  |
| 2019-03 | 1 |  | delinquency rising |
| 2019-06 | 1 |  |  |
| 2019-09 | 1 |  |  |
| 2019-12 | 1 |  |  |
| 2020-03 | 4 | net worth falling, losing money, delinquency rising |  |
| 2020-06 | 2 |  | leaning on borrowings, delinquency rising |
| 2020-09 | 2 |  |  |
| 2020-12 | 2 | delinquency rising | losing money |
| 2021-03 | 2 | members leaving | delinquency rising |
| 2021-06 | 1 | delinquency rising | net worth falling, members leaving |
| 2021-09 | 1 |  |  |
| 2021-12 | 2 | delinquency 2x band |  |
| 2022-03 | 5 | net worth falling, assets shrinking, members leaving |  |
| 2022-06 | 4 |  | assets shrinking |
| 2022-09 | 2 |  | net worth falling, members leaving |
| 2022-12 | 2 |  |  |
| 2023-03 | 4 | net worth falling, charge-offs p90 |  |
| 2023-06 | 3 |  | net worth falling |
| 2023-09 | 2 |  | delinquency rising |
| 2023-12 | 2 |  |  |
| 2024-03 | 4 | losing money, assets shrinking |  |
| 2024-06 | 5 | net worth falling |  |
| 2024-09 | 4 |  | net worth falling |
| 2024-12 | 4 | members leaving | assets shrinking |
| 2025-03 | 2 | net worth falling | delinquency 2x band, charge-offs p90, losing money |
| 2025-06 | 1 |  | net worth falling |
| 2025-09 | 2 | delinquency 2x band |  |
| 2025-12 | 1 |  | members leaving |
| 2026-03 | 1 | net worth falling | delinquency 2x band |

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

- 2021-05-18 [TruEnergy FCU elevates Benson to CEO - American Banker](https://news.google.com/rss/articles/CBMijgFBVV95cUxNeVoyWm9pZlE4eFpGSlZ6eTJ2c3pVcE9wSHZlMU1RcnBaQ2ZyaFJVZXhLRUNDSGJSbktLR1pNRjYtbnUwV19oU0VYbmZ3TjBMaDU5WmhzczBfSG81dHFXbHRGajdKSGNFWVRBNTRHUVZZeWJOb2ZqNTJfZ3ZzQ1ZTcXNfeUVqM0t6XzBNOWV3?oc=5) · American Banker
- 2025-09-04 [2025 CU Times Luminaries Finalists: Excellence in Marketing - CUTimes](https://news.google.com/rss/articles/CBMimgFBVV95cUxNZnhwU0V1XzhrbXJMX3F1RTVjWjJJYkZCWlN0ekpFcl9HbDd5SHZCWDkzRWZTUjZ0WVRXRURvY1QzYzZqaUZxS3ZwQUZQLXItX3M5XzZFSEt3YVVwZ0lNbFBiWGlXYndEOEE3SmFWeFJ4WjhEbWowVUtyay01cVJUeTJxSThyeTVDUE1rN205b1hXM3dqUnI2Xy1R?oc=5) · CUTimes
- 2020-08-26 [TruEnergy's rebrand reflects credit union's utility-company roots - American Banker](https://news.google.com/rss/articles/CBMisgFBVV95cUxNNDF6SlYzZTZLVjB4alJqUFpycHBQRDlOR3lsYVQzWFRMWjBVZEhndjEtbTRZQkVBcUNYQU85aEdTRGYtU2ZESzFmTEpFTVp6NlFtRmsyaUxQQ0U5dzZYQzBaQkVEbnd0TFFwdTMwZmxHNlJ2My1ObHdOYzdYMVlpU0hmckxyY0NJWkEzeWw2bFp5dGgzTlhMaEUxMVJKa1lEMWVOSi0xdHM4cHpIcHM2cDVR?oc=5) · American Banker
- 2025-08-28 [2025 CU Times Luminaries Awards Finalists Announced - CUTimes](https://news.google.com/rss/articles/CBMikAFBVV95cUxPdUVmaGI5bkJnSm1WSU82SmxZOWJKcko2RkdBbFlkUDJWMlNCajFhejlvbS00cFdLSmZyX1FLX24xZlM0UG9PUlowRkVmQlFwaDhEYzZNNVI5NXdqS1hUZ0Y5Z09LNVZyem5oZGcwb2tYLUZnX1h5dkFmbVpoN2ZuOXhKNzdyaWJsT2VOUUlMQ2E?oc=5) · CUTimes

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=3323 (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/59.json (key "3323", 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=3323
- 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