# TRUECORE
NEWARK, OH · NCUA charter 4024 · asset band $200-500M · latest filing 2026-03 · live
Share link (named URL with a preview card): https://getbookiq.com/cu/truecore-4024

Who the members are: federal charter, community charter, organized 1940, low-income designated. 16,596 members of 521,979 potential (3.2% of the field); checking penetration 83% (share draft accounts per 100 members); loans per 100 members 52.

**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 | $253.8M |
| Members | 16,596 (0.2% YoY) |
| Full-time staff | 59 |
| Net worth | $23.2M |
| Net worth ratio | 9.1% (p17 of band) |
| ROA (annualized) | 0.51% (p36 of band) |
| Total delinquency | 0.38% (p28 of band) |
| Net charge-offs (annualized) | 0.15% (p21 of band) |
| Loans / shares | 63% (p27 of band) |
| Cash / assets | 12.7% |
| Borrowings / assets | 0.53% |
| Net interest margin | 3.52% (p48 of band) |
| Operating expense / assets | 4.38% (p79 of band) |
| Vehicles % of loans | 18% (p18 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 0% |
| Third-party paper % of net worth | 0% (p9 of band) |
| Vehicle delinquency | 0.72% (p62 of band) |
| Vehicle NCO | 0.54% (p45 of band) |
| Repossessed % of vehicle book | 0.00% (p25 of band) |
| Real estate % of loans | 55% |
| Credit cards % of loans | 5% |
| Unsecured % of loans | 10% |
| Commercial % of net worth | 97% |
| Core shares % of member funds | 64% |
| Certificates % of member funds | 20% |
| Average share balance | $5,088 |
| Participations bought / yr | $713,172 |
| Participations sold / yr | $0 |
| Participations outstanding | $23.4M |
| Loans outstanding per 100 members | 52% |
| Loans granted per 100 members, annualized | 9% |
| Average loan balance | $16,871 |
| Loans granted, annualized | $26.8M |

## Participation posture (from the same filings)

Bought $713,172 and sold $0 in the latest annualized quarter; $23.4M outstanding purchased (100.9% of net worth), $0 sold and retained. Sold in 1 and bought in 8 of the last 8 quarters. Shares 5.5% 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 | 2 | thin capital, leaning on borrowings |  |
| 2016-06 | 2 |  |  |
| 2016-09 | 2 |  |  |
| 2016-12 | 2 |  |  |
| 2017-03 | 1 |  | leaning on borrowings |
| 2017-06 | 2 | leaning on borrowings |  |
| 2017-09 | 2 |  |  |
| 2017-12 | 1 |  | thin capital |
| 2018-03 | 1 | thin capital | leaning on borrowings |
| 2018-06 | 0 |  | thin capital |
| 2018-09 | 0 |  |  |
| 2018-12 | 1 | delinquency rising |  |
| 2019-03 | 0 |  | delinquency rising |
| 2019-06 | 0 |  |  |
| 2019-09 | 0 |  |  |
| 2019-12 | 0 |  |  |
| 2020-03 | 1 | delinquency rising |  |
| 2020-06 | 3 | net worth falling, margin squeeze, leaning on borrowings | delinquency rising |
| 2020-09 | 3 |  |  |
| 2020-12 | 3 | thin capital | leaning on borrowings |
| 2021-03 | 3 |  |  |
| 2021-06 | 2 |  | net worth falling |
| 2021-09 | 1 |  | margin squeeze |
| 2021-12 | 1 |  |  |
| 2022-03 | 2 | net worth falling |  |
| 2022-06 | 1 |  | net worth falling |
| 2022-09 | 1 |  |  |
| 2022-12 | 1 |  |  |
| 2023-03 | 1 |  |  |
| 2023-06 | 1 |  |  |
| 2023-09 | 1 |  |  |
| 2023-12 | 1 |  |  |
| 2024-03 | 2 | delinquency rising |  |
| 2024-06 | 0 |  | thin capital, delinquency rising |
| 2024-09 | 0 |  |  |
| 2024-12 | 1 | delinquency rising |  |
| 2025-03 | 0 |  | delinquency rising |
| 2025-06 | 1 | delinquency rising |  |
| 2025-09 | 1 |  |  |
| 2025-12 | 1 |  |  |
| 2026-03 | 1 | net worth falling | delinquency rising |

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

- 2023-02-02 [TrueCore Federal Credit Union in Ohio names new CEO - American Banker](https://news.google.com/rss/articles/CBMiogFBVV95cUxOTmM0eFNXRjNsR2dfcVVBYVBFNTNZSXNmTFB6Q1MtZnBsUUJUMGs1WjhjdmxCTnBkbXJHS0Z5eDdvNG9pWldtRG5rWU4xRzJ4RXA4ODVmcTEzQnRZbC1VZG5sb1BLWndyc1MtVmJRZHdLVEtia2RfZEVycW5samFqNGExWXNHQVY5TWVvMEQ5Z21VanI4ZDJmUnROM2hFNXRaeGc?oc=5) · American Banker
- 2023-05-01 [TrueCore Federal Credit Union boss thankful for return to Licking County - newarkadvocate.com](https://news.google.com/rss/articles/CBMi3gFBVV95cUxPRGtYeFV3cHN1eWM5c1J3M1IteUlXN05pX3VvdVZvUmhaS2ROZzRHRzBsR0FGbGdnOFp2YkRySmVBZmlmWjgxemxScXQydTk2T0VZdlBRMG5idEk2MlNrTTVTRXlEeXE4NDdGMk5IZjRUSjFDVFZYR0s0Qk1SSnRXekVHRy1mX3FqQnpKMFlzU3BUM29ORFBXMjNzTUVwLTVIcml1ekZUekIwX1IyMTJka21wQVEyUHYxaG5hZ0hzYTZ5WlNFdTVqZnMxRE03REw0bEdha19sSmJHRWpjcEE?oc=5) · newarkadvocate.com
- 2020-01-19 [Business Briefs: TrueCore Federal Credit Union names Hall senior VP - newarkadvocate.com](https://news.google.com/rss/articles/CBMiygFBVV95cUxOTVRDYUFlZXFVNE5Gc3prMUR2bHJTZnRMSEFZVXcwQU5VNUJqMmVpTl9WX0ZYS0NFZ1NfSUkxejI4UXdaeVQ5Z2JRUk41dmotSjJVcmVtS2ZteTYzYUE4d01meGlUVkhzakprbmlpa1R2VWY5M1VRSmdNTDlNdEpxRVNWUTVtUmdkZkFibk1kSkpTdUQxZFNVT0VLcnBoX1BjcUpzUVNaN0t0TTFJb1JTYjhfNTAzMnhjOG9HaVNfT0pia0oybGd5RTBR?oc=5) · newarkadvocate.com
- 2021-08-17 [TrueCore Federal Credit Union appoints Hall to succeed Young as president - newarkadvocate.com](https://news.google.com/rss/articles/CBMiwwFBVV95cUxPTFZYYU9FcW1iZW9icVFnVW9ZLUtDQlZrT0VPbUQ5Tm80VDNJdDR5OXZKVXp4WlQyVEgtcm9JdkVnZm1sWVJfYkgxN1F3eDVlQW5HajRmTWpFNVo1OWpjWmJxV3VnZjVNeEVaSHY2TkhYcWhrMnRGUGdkNHZkOWZGc1hDOXA0Y2NLTE1XNFRQSEd6MDMzaXZIelVCM0YySmliajBEd0x3emZlM2diU3VwNjJBb2dnY2NLR1FWRDhnUG83SXM?oc=5) · newarkadvocate.com
- 2015-01-30 [Fiberglas, Cardinal credit unions become TrueCore on Monday - newarkadvocate.com](https://news.google.com/rss/articles/CBMiwgFBVV95cUxOakNCbzAwd1IteTJxSUkwdjNJdHBvZlM0Z0toT3JHTnRSd283R3NSbVBiV051SGl0MnpuQ2xvV1hwWk1QdFc1ODFkV2NEd2VKcGdSdEExSERDWF9zNjE5OTRYYnVIR3M3T1ZUN0dlQ1VOOHRxaDJjSnZLczBqMEIxZlQwakhjbVZmNDU0VG9mbXRZN3licXVTbURfOVpXMTA2V3pzdE55LVV6QTRyaExwZHpaSUtWSVZRb3BSWXZIcGdFdw?oc=5) · newarkadvocate.com
- 2017-01-23 [Q&A with TrueCore president and CEO Jay Young - newarkadvocate.com](https://news.google.com/rss/articles/CBMirAFBVV95cUxPeUU4aXR1VEpGYWUyS2FxWTF2RWZoQ2w5ZXdNeGYyOXVacWJPMFkwUVdGYkpkdW15Q1RiQUFZYXNDSVBDRU91ZjBFWW5DV0xSWXZJWTBQdGJyUVFlN0dSU2hsNHZWSk5aR0pac2hEYWx6cmZKbEVqVFB6WWthN2RaeGxET1FPUUtMb3ZyWnFQakFtTVNiTVZ6NFJVektaUGhtOU5MTVBOWUZhLWVT?oc=5) · newarkadvocate.com
- 2020-06-08 [Briefs: TrueCore opens Deo Drive branch - newarkadvocate.com](https://news.google.com/rss/articles/CBMirgFBVV95cUxQLVB4UElPVVZNNmc5N04wVHh0UU5xZi0xZDA5elNDLWFHd1RKcW90dlBqRlEyYWpHcEdJUHhVOFlXRnFsbWh3U0pUZzZKNVo4el9YdDdaUWJnelhPRDdhaU9JYnhyMWppclkxWnAtSy0yMjMwWnNkSF9mbGNvOXlrcjR3RVE0YlpqY3VMSFdGZzN2dl81WDlic19fZ0x0V3FJaGU1NDBuRnA3UGE4N0E?oc=5) · newarkadvocate.com
- 2017-06-24 [Patricia Ball promoted at TrueCore - newarkadvocate.com](https://news.google.com/rss/articles/CBMiqAFBVV95cUxQOUk5ekhiel9xamZnU0oyY1g2eDE3ekd1VVVZXzE4WXZodVBINmdJVkdKYUY1NFk3M0RtTVYxbEJEcVFKNWJEaDJrMHU4YWo2bjIxdHRUazBTb054bklUOWJpSE1PQW9aTG1Tb0lpTlFqNVU3bjVDTTBhWjNzUWlmaHBJdjFJTXZndm9ReEZaaWdpN1IzWmdyeWhvSVlLU0ZUMXNHcFBJOVI?oc=5) · newarkadvocate.com

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=4024 (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/56.json (key "4024", 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=4024
- 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