# POWERCO
ATLANTA, GA · NCUA charter 359 · asset band $100-200M · latest filing 2023-03 · stopped filing after 2023-03 (departed; for a credit union that is almost always a merger)
Share link (named URL with a preview card): https://getbookiq.com/cu/powerco-359

Who the members are: federal charter, multiple common bond, organized 1935. 14,769 members of 30,894 potential (47.8% of the field); checking penetration 32% (share draft accounts per 100 members); loans per 100 members 44.

**Verdict on the desk:** this could be *too clean*. 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 | $195.9M |
| Members | 14,769 (-9.5% YoY) |
| Full-time staff | 31 |
| Net worth | $25.3M |
| Net worth ratio | 12.9% (p79 of band) |
| ROA (annualized) | -0.09% (p6 of band) |
| Total delinquency | 0.19% (p28 of band) |
| Net charge-offs (annualized) | 0.10% (p32 of band) |
| Loans / shares | 50% (p19 of band) |
| Cash / assets | 29.6% |
| Borrowings / assets | 0.00% |
| Net interest margin | 2.77% (p30 of band) |
| Operating expense / assets | 2.86% (p33 of band) |
| Vehicles % of loans | 27% (p25 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 0% |
| Third-party paper % of net worth | 0% (p15 of band) |
| Vehicle delinquency | 0.25% (p39 of band) |
| Vehicle NCO | 0.43% (p71 of band) |
| Repossessed % of vehicle book | 0.00% (p34 of band) |
| Real estate % of loans | 62% |
| Credit cards % of loans | 4% |
| Unsecured % of loans | 5% |
| Commercial % of net worth | 14% |
| Core shares % of member funds | 70% |
| Certificates % of member funds | 12% |
| Average share balance | $7,975 |
| Participations bought / yr | $0 |
| Participations sold / yr | $0 |
| Participations outstanding | – |
| Loans outstanding per 100 members | 44% |
| Loans granted per 100 members, annualized | 4% |
| Average loan balance | $13,239 |
| Loans granted, annualized | $16.9M |

## Flags firing in the latest filing

- **losing money** (`earn_negative`)
- **assets shrinking** (`shrink_assets`)
- **members leaving** (`shrink_members`)

## Warning timeline

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

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

- 2024-04-04 [Georgia United Credit Union announces new Chief Strategy Officer Adam Marlowe - CUInsight](https://news.google.com/rss/articles/CBMiugFBVV95cUxNcmZqV1hhbFdYUS1yQ2hNSXhBcG5ld0RCVl9JeERSTnkyU2FnWnU4MjZ2WFE1dXV1VEdpWlIzQXJwcWZOSXk1WkhZRDJ1bFp4bU5vamJDc1B3cUQ3SGNDWld3a1BreG1lOElXWVc5OWZsdDRkVmhzbVY1d05iMThZQVBMTkpOZ2RWaXpyNzJQdG8wVFBWVkdSZGZVOFZ3NzBKUlVPenZLaG1QVWNHQkctV2k5NkRsRWRUeFE?oc=5) · CUInsight
- 2025-02-25 [APCO Employees Credit Union rebranding to Southern Energy Cr... - The Clanton Advertiser](https://news.google.com/rss/articles/CBMitwFBVV95cUxQTVlVdUtaN2o3VjFIVjZJanFvT0VEUG5nbGJaSU5fNHZ3OEwzT3Z5NkNoQUpfQmZaVHBfQmxuUjNDSmpiN2lBODZyRkFMcjZSTXBPLXh1aUo1bHQ2YmdSVFo1ZVdad2VBUTA2QTdGU3RFRjBJNkhaNWhiOEd0MEN6TGx1aEREWGlqQXlmRkVtR0w5YUNxQUZ4cnphcDhMc1RqUDg3QnhNUGpSSnVkUTFzM1VfdDFBTEE?oc=5) · The Clanton Advertiser
- 2025-06-10 [Credit union CEO to retire this fall, successor named - The Business Journals](https://news.google.com/rss/articles/CBMipgFBVV95cUxPN2RHMDdQbzQ4bEFQOUd2bFNQcldwQnVSeU5aNWM3ajIzcUVCNnVhYURlS0ZocjFXM09zaEQzUENLdTJYb1pBWW5Md1BjMXVNTV9CSzBPaXNrUEo5SzhhYXd6dFljSUlfZFMyMGYyalZyay1tbjZqaUEzVmdZazNRNXpqMHZMRV9YZjhvaEllMVdLUXFhaTMyb3dJVFdEZVBmQUpiVEpn?oc=5) · The Business Journals
- 2013-05-02 [10 Noteworthy Credit Union Name Changes: Vibe, Widget, Nymeo - The Financial Brand](https://news.google.com/rss/articles/CBMimAFBVV95cUxNc3JLdG9OMkJTZFptSkpBTDRRd19wT3dqYTQzdmhfM0d0N0FQdm5QY29uUDIyNExWcWlzeEhjYjJGUnFHd3pqZ1Fzb3FTaWhocXU3X0dDMktoQ19kMF92Y2tnS3RSQVA2VHFsNFJLOVRZZ1pDTFhnNzByTHhTNEFwbWMzeTBUcl9SNGZlTVlZMGFpYndaeU85ag?oc=5) · The Financial Brand
- 2025-03-25 [Merrimack Valley Credit Union Is Officially BrightBridge Credit Union - CUTimes](https://news.google.com/rss/articles/CBMiqAFBVV95cUxNdFo2WmptS1Y3ZXFsRU5SQ2ZlVGFncGlROHctT0E3UnJ2N3pNbjZ1ZWM5TnVGOE9HSlI2Y2dFRlZSaGdtMml5Q05DYmpsZGZLbm9QS3JUZW9VYzBrWHYxQm82SWJlNm5wZ0dYanJkUkNOTEpaQkx4RVg2M1U3eWc2eHV4VUtPZHRWcVJPZW9CN2VDWmZvXzhGOVRPNldYaEMxbThRcGdpcm4?oc=5) · CUTimes
- 2024-12-11 [Ann Richardson Obituary Dec 11, 2024 - asturner.com](https://news.google.com/rss/articles/CBMiX0FVX3lxTE1YMWhVZ0pFR1ZDdmxLUzVJdkJfRlNmbllQRTAxc1BPSEpyRU0xb2ZVVVVkYktFX290eTQ0c3hUUFhyRzlucjRFQWF5My1Nbl94SjFMdU1FYWdpWnBibHgw?oc=5) · asturner.com
- 2021-09-22 [Google Pay growth continues to explode, with dozens upon dozens of new banks signing on - androidpolice.com](https://news.google.com/rss/articles/CBMijAFBVV95cUxQRjVBSkRYUnhSaHFFUTJvZGt2X0R0RnZtcWp6MUUtQjR3R3RXNmc1Umo4Q3NaV0VKVVpsYTRCSVkzb0dfdmhWS05ZWnpQYWh6d3gzc0VVVzBCYXM0MnBCbG9kekdMdnBfZk9selhhTkhDV2pCMGxUNXVlNG5wMmpodURVQWxjanVxT0VhYQ?oc=5) · androidpolice.com
- 2019-09-11 [Guyton couple killed in car accident is laid to rest - Savannah Morning News](https://news.google.com/rss/articles/CBMitAFBVV95cUxNclJfOWNCSS03dG1wbDhlMzg2YlNrSHNGY1NTaWFRdUIyU0kwQTJadFdhN1RHRVBzTG1fejBWSjZqMGo2V0k1ZDJQRmRBLUs3NWdHX2ZGNWV6SE1WUFNnWXZwbzY4QXJabzE3eHJLRERJMmRjNF9qR2tnZVdZc2dEUU80cUlsQkhELWZMUFM3Qk9KOS1XMUh4eE9pZUhxTy1jNVVVQ193bkJnYkoxdzFLZ0ZCOUE?oc=5) · Savannah Morning News

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=359 (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/39.json (key "359", 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=359
- 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