# SPERO FINANCIAL
Greenville, SC · NCUA charter 361 · asset band $500M-1B · latest filing 2026-03 · live
Share link (named URL with a preview card): https://getbookiq.com/cu/spero-financial-361

Who the members are: federal charter, multiple common bond, organized 1935, low-income designated. 45,420 members of 1,182,529 potential (3.8% of the field); checking penetration 48% (share draft accounts per 100 members); loans per 100 members 58.

**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 | $712.1M |
| Members | 45,420 (-6.0% YoY) |
| Full-time staff | 167 |
| Net worth | $57.8M |
| Net worth ratio | 8.1% (p9 of band) |
| ROA (annualized) | 0.00% (p7 of band) |
| Total delinquency | 0.81% (p67 of band) |
| Net charge-offs (annualized) | 0.99% (p86 of band) |
| Loans / shares | 91% (p80 of band) |
| Cash / assets | 9.4% |
| Borrowings / assets | 2.32% |
| Net interest margin | 3.60% (p62 of band) |
| Operating expense / assets | 4.16% (p78 of band) |
| Vehicles % of loans | 24% (p39 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 36% |
| Third-party paper % of net worth | 114% (p54 of band) |
| Vehicle delinquency | 0.91% (p72 of band) |
| Vehicle NCO | 3.25% (p97 of band) |
| Repossessed % of vehicle book | 0.07% (p58 of band) |
| Real estate % of loans | 44% |
| Credit cards % of loans | 3% |
| Unsecured % of loans | 7% |
| Commercial % of net worth | 193% |
| Core shares % of member funds | 39% |
| Certificates % of member funds | 38% |
| Average share balance | $7,669 |
| Participations bought / yr | $61.5M |
| Participations sold / yr | $12.7M |
| Participations outstanding | $47.9M |
| Loans outstanding per 100 members | 58% |
| Loans granted per 100 members, annualized | 36% |
| Average loan balance | $21,633 |
| Loans granted, annualized | $188.0M |

## Participation posture (from the same filings)

Bought $61.5M and sold $12.7M in the latest annualized quarter; $47.9M outstanding purchased (82.9% of net worth), $58.1M sold and retained. Sold in 8 and bought in 8 of the last 8 quarters. Shares -1.4% year over year.

## Flags firing in the latest filing

- **thin capital** (`cap_low`)
- **net worth falling** (`cap_falling`)
- **members leaving** (`shrink_members`)
- **3rd-party paper>100% NW** (`str_thirdparty`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 1 | expense trap |  |
| 2016-06 | 2 | charge-offs p90 |  |
| 2016-09 | 3 | net worth falling |  |
| 2016-12 | 2 |  | net worth falling |
| 2017-03 | 2 |  |  |
| 2017-06 | 2 |  |  |
| 2017-09 | 2 |  |  |
| 2017-12 | 3 | delinquency 2x band |  |
| 2018-03 | 4 | delinquency rising |  |
| 2018-06 | 3 | loans>95% of shares | charge-offs p90, delinquency 2x band |
| 2018-09 | 1 | leaning on borrowings | expense trap, delinquency rising, loans>95% of shares |
| 2018-12 | 4 | expense trap, charge-offs p90, loans>95% of shares |  |
| 2019-03 | 3 |  | expense trap |
| 2019-06 | 6 | net worth falling, delinquency 2x band, members leaving |  |
| 2019-09 | 5 | delinquency rising, assets shrinking | leaning on borrowings, net worth falling, delinquency 2x band |
| 2019-12 | 4 | margin squeeze, delinquency 2x band | loans>95% of shares, members leaving, assets shrinking |
| 2020-03 | 8 | net worth falling, losing money, expense trap, members leaving |  |
| 2020-06 | 7 |  | delinquency rising |
| 2020-09 | 7 |  |  |
| 2020-12 | 6 |  | charge-offs p90 |
| 2021-03 | 2 |  | margin squeeze, delinquency 2x band, losing money, members leaving |
| 2021-06 | 1 |  | net worth falling |
| 2021-09 | 1 |  |  |
| 2021-12 | 1 |  |  |
| 2022-03 | 2 | members leaving |  |
| 2022-06 | 4 | loans>95% of shares, leaning on borrowings |  |
| 2022-09 | 3 | net worth falling | expense trap, loans>95% of shares |
| 2022-12 | 3 | delinquency rising | members leaving |
| 2023-03 | 5 | thin capital, losing money, margin squeeze | leaning on borrowings |
| 2023-06 | 5 | 3rd-party paper>100% NW | net worth falling |
| 2023-09 | 4 |  | margin squeeze |
| 2023-12 | 2 |  | delinquency rising, losing money |
| 2024-03 | 4 | net worth falling, losing money |  |
| 2024-06 | 4 |  |  |
| 2024-09 | 4 | members leaving | net worth falling |
| 2024-12 | 4 |  |  |
| 2025-03 | 4 | net worth falling | losing money |
| 2025-06 | 3 |  | net worth falling |
| 2025-09 | 3 |  |  |
| 2025-12 | 3 |  |  |
| 2026-03 | 4 | net worth falling |  |

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

- 2026-08-04 [VIU BY HUB PARTNERS WITH SPERO FINANCIAL TO BRING INSURANCE TO CREDIT UNION MEMBERS - PR Newswire](https://news.google.com/rss/articles/CBMi1gFBVV95cUxOcVRJSmRubmhaazlFZU9HX2xvVlp6NWJEMHZBVHBDVmE3c0FGYXN4eEp3X2ZxWXhWanBRREZVRU5LWHRMeHhiazZFU0djLTlybThOcFhBc2NjdS03SVFtTTQyUk1GRnFqc080dEtWSGZDN0FUQ252TmM1aW1ISmJZaVNqQUtrQmtyUlpOYm10SC1rUmRvRHRFTy1ld0ZocTNJdVlhWEVwN21pX0huYWpQb215Vzc0M3J1bTdzTjBpX20wRGU3RzRoMUxNTDhCYlBCMjkzUGlR?oc=5) · PR Newswire
- 2020-11-09 [Introducing Spero Financial (formerly SC Telco Federal Credit Union) - CUInsight](https://news.google.com/rss/articles/CBMiqwFBVV95cUxQaW0xbzJ2M1dSaEZUZ2ZyRlpNaXBHUjlJTjdUZnE2ckRNMElTUlNkYlhHNE5HcE1uM2hPM25EYXBSNkpIZG9IQ29jMDlCdjVxTHo1WjVBTGlqdnA2azU4cVFFNURNc0x3ZkFYVE9lRmFYV01WbjdkYWNsMDQxekJnVjhMRkJlV09IX1N6czgyZGV3SkRMOVhoQVNsa3lVTERQRDBuSzJzN3FNb0U?oc=5) · CUInsight
- 2020-08-21 [Anderson Federal Credit Union and SC Telco Federal Credit Union announce name of new merged organization - upstate business journal](https://news.google.com/rss/articles/CBMi8AFBVV95cUxPU0Z1LVZVcFVYWmhFS2NucGZyOFE0bmt5NFlpdEkzSVN5cXlfS3k2ZXQwZnBza3hXelpBV09IRjBuTlJpWll2S00wMGd4UTI2WkliX3NMRFdYUVJldUY1SU9jNGp4MmtMRVpFQjdEZHNEal9SUzgybEV6VmhoSV9JWXZ6emdnRTM4ZVY1cm1zWjUyeVpqQXlhaWpmZWlmVzdCUEZTQnUxdGVYR2VCbmNJTzYxNVlYc1p0QXBld3JhVFNxV2MzRGhPbTJqS3dsSWdXbWQ3UzVlUTZTUW8wdUQwbzB1SUk3c2Q0b1V6YkhacGg?oc=5) · upstate business journal
- 2020-08-26 [Credit unions in South Carolina unveil post-merger branding - American Banker](https://news.google.com/rss/articles/CBMirAFBVV95cUxNRGpNQURWbzVBU0N6cldORmRaNFdpZUh5ejhUZ1NZdjFYZk9jYzVFOGJ3Z28yYXZWWjBkZHRiYVRWRnVKN0dVWHNucHZ3U29jd05BQ3FkaU9va3ZTWEJ0U2tCa2tqTC0yNG9iWEZkUm11WVdFaWQ3eUJMLXFCR1R5T0IxMnF3UTdCWjVJYnptTzd4dmJtMnl1YWJNWkVGMkpLWmp5TEFOUDlqbXFR?oc=5) · American Banker
- 2022-04-05 [Ukrainian Crisis Response - World Council of Credit Unions](https://news.google.com/rss/articles/CBMieEFVX3lxTE1xcWxVVWEzR1hKU29EM2xrYVI2d05UNW42aVVTZmpDc1JzejRIODN3bmFGRjg5YnNRU2dqYWF5Uk1GMjVOTmJUdTZ6c25fSlJhSkVKZjFwa1NkNUcxcm9Ma1hZTEVJXzk4TUo0Nm80ZVZqbnBpWk5UYg?oc=5) · World Council of Credit Unions
- 2021-07-01 [Anderson University announces $1M gift for football program - Greenville Online](https://news.google.com/rss/articles/CBMi2AFBVV95cUxPc0NYVlVQd2RTRk1SdERTT0g3SDB2dlFkY3NvQkEyWDd3YVd0R0pQSlBoN1ZDZzNwWVhBQ19ObzJuNkdoanFOWnItZlNSUmRYdEJ5eURaeGZpbGlKQUxYdVRmOWVUcjVGWEJnRi1TRDdoVzNIUkpkZ0Rya0h3RXpZckVNQ1BUY1ZHZkF3aG9yRDFZamc2eXdOU2otcE8yVGllWWgxdHB5ZjNLSWZ1d1lybUdocmctUlJ3UFNaanJXdTIwMkhSNERuQndSZnAtRnY1ZEFGVHVYa1o?oc=5) · Greenville Online
- 2022-08-03 [Jessica Baker, Spero Financial COO, awarded South Carolina Women in Business - CUInsight](https://news.google.com/rss/articles/CBMitgFBVV95cUxQNkI5OFFyNnZ1YnFXRXhyOTVWeDlRdnBPYzFFZjJzdnJXUnNpa0NuUUluWUJBcmZqdXhyeTRSN0JNRE1PaEZRMV9tSkVZSUNwU2xMaG5XODFVRjkydktma0VvaU9LTS1RU2RzWlJ6Y0o0b1U2bERwT3Y1d1M5NFdSWlZIVE9NdVBHVWxTdjYwdzdzNS1ERTBjeFo5eEo2MGVjcUVVWklaMzJRWTY2Wlp1NWRFaU5UUQ?oc=5) · CUInsight
- 2026-02-25 [Upstate SC credit unions participate in Habitat Greenville build - Greenville Journal](https://news.google.com/rss/articles/CBMiswFBVV95cUxQMzZPNFV4UGIwXzliNU5sM1NiUU5BRVZNQkdoRnBWeUUzQ29rQTktRnozbV9BS3Y2TWtXWkcybV9RaWZIQnEyN2NfS1hic0VpRWpYanRkQkhVZGEtb2ZLMmZJbFFoVkQ5X09RWHNtMk04MUFoX3cyVTc5WjFqYUlYUnR4QkI2SW9uOHAwN05GdlZ0VjNFQ3lvUEMxWWZWOWw0WklkWmFFaVQxRXBWTmpsN0wzMA?oc=5) · Greenville Journal

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=361 (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/41.json (key "361", 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=361
- 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