# MERRITT
WILTON, CT · NCUA charter 4303 · asset band <$50M · latest filing 2022-09 · stopped filing after 2022-09 (departed; for a credit union that is almost always a merger)
Share link (named URL with a preview card): https://getbookiq.com/cu/merritt-4303

Who the members are: federal charter, multiple common bond, organized 1941. 1,912 members of 2,300 potential (83.1% of the field); checking penetration 29% (share draft accounts per 100 members); loans per 100 members 31.

**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 | $12.4M |
| Members | 1,912 (-14.1% YoY) |
| Full-time staff | 1 |
| Net worth | $1.1M |
| Net worth ratio | 9.2% (p24 of band) |
| ROA (annualized) | -0.14% (p24 of band) |
| Total delinquency | 3.58% (p91 of band) |
| Net charge-offs (annualized) | 0.45% (p82 of band) |
| Loans / shares | 50% (p48 of band) |
| Cash / assets | 10.5% |
| Borrowings / assets | 0.00% |
| Net interest margin | 2.94% (p68 of band) |
| Operating expense / assets | 4.87% (p89 of band) |
| Vehicles % of loans | 29% (p17 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 0% |
| Third-party paper % of net worth | 0% (p42 of band) |
| Vehicle delinquency | 4.37% (p94 of band) |
| Vehicle NCO | 0.00% (p30 of band) |
| Repossessed % of vehicle book | 0.00% (p47 of band) |
| Real estate % of loans | 56% |
| Credit cards % of loans | 7% |
| Unsecured % of loans | 14% |
| Commercial % of net worth | 0% |
| Core shares % of member funds | 80% |
| Certificates % of member funds | 11% |
| Average share balance | $5,028 |
| Participations bought / yr | $0 |
| Participations sold / yr | $0 |
| Participations outstanding | – |
| Loans outstanding per 100 members | 31% |
| Loans granted per 100 members, annualized | 4% |
| Average loan balance | $9,310 |
| Loans granted, annualized | $581,363 |

## Flags firing in the latest filing

- **losing money** (`earn_negative`)
- **delinquency 2x band** (`aq_dq_high`)
- **assets shrinking** (`shrink_assets`)
- **members leaving** (`shrink_members`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 1 | delinquency 2x band |  |
| 2016-06 | 1 | losing money | delinquency 2x band |
| 2016-09 | 2 | delinquency 2x band |  |
| 2016-12 | 1 |  | delinquency 2x band |
| 2017-03 | 2 | net worth falling, assets shrinking | losing money |
| 2017-06 | 4 | losing money, charge-offs p90 |  |
| 2017-09 | 2 |  | net worth falling, charge-offs p90 |
| 2017-12 | 2 |  |  |
| 2018-03 | 2 | net worth falling | assets shrinking |
| 2018-06 | 2 |  |  |
| 2018-09 | 2 | delinquency rising | net worth falling |
| 2018-12 | 2 |  |  |
| 2019-03 | 2 | assets shrinking | delinquency rising |
| 2019-06 | 3 | delinquency rising |  |
| 2019-09 | 2 |  | delinquency rising |
| 2019-12 | 2 |  |  |
| 2020-03 | 2 |  |  |
| 2020-06 | 1 |  | assets shrinking |
| 2020-09 | 3 | net worth falling, margin squeeze |  |
| 2020-12 | 6 | delinquency 2x band, delinquency rising, members leaving |  |
| 2021-03 | 5 |  | members leaving |
| 2021-06 | 5 |  |  |
| 2021-09 | 6 | loan book shrinking |  |
| 2021-12 | 6 | thin capital | loan book shrinking |
| 2022-03 | 3 |  | losing money, net worth falling, margin squeeze |
| 2022-06 | 2 |  | delinquency rising |
| 2022-09 | 4 | losing money, assets shrinking, members leaving | thin capital |

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

- 2026-06-18 [Troxell acquires Springfield insurance agency - The State Journal-Register](https://news.google.com/rss/articles/CBMitwFBVV95cUxNMjlhY3JwdV9TOTJ4cHZXeVZ3YmU3ZkJTX2g4UlFORzE0WWZUOU14cDhSVXhHY3hWYmx2WnhTNDIwSjVoQVVUY18xTHNyZERXZFNhcHc3UkxhV01JTDg1dXFEaGt2cHYxd2VENnBzNjdvNkF0Sko0U1RpS0VYYTUwaFlQYUMzMmhXT2tkT1pPXzhhbGhhOUtnWUw1c0tQMVQ4Mlp2WFJkY0lyMGc4aW84VHY2Mm0wcVk?oc=5) · The State Journal-Register
- 2025-06-10 [Bryant Partners with Navigant Credit Union for New Field House, Academic and Leadership Opportunities - Bryant University Bulldogs](https://news.google.com/rss/articles/CBMi6gFBVV95cUxNRWhmdkxSSWwxZjdzMmh4Nm4wdy1WU2Jkb3FvUmtHX2JFZk1veU00azdrNWFVUFVlMEVHWnhpR01vMUZBb3hvX3dqUTZGV282V2F3MmhZQk1KWi1acE9SXzVKV3QwSHREeFMzcENQOThWbHBIRVRhcUhpLTNjYlh0MFNPb05DZWwtSEppM0pRUHhadngyRmx5dmw3NURtM1BXaDc0OHVkdzRMWTZaVGN2Z1lXTjRsNGdmZnhqM05sLWhqclljTFZmcWY3ckJhS3BNU0NRNVB0UW4ya282N3ZjWDVMbGxzSEZraFE?oc=5) · Bryant University Bulldogs
- 2019-09-27 [Wilton credit union taken over by Shelton counterpart - ctinsider.com](https://news.google.com/rss/articles/CBMimAFBVV95cUxQWEVVQ05LWkpBV0twczhNT3gwbFVTTHlsU2Q5MmZESm5hS2Z0eHFxZm1Xbm9XUDRDRm1Dd3BXMnBNY2xaVVY5VDBhYlFabWw2UWFMRzRGNVRzM3Q5bG1pUUVnZ2RIcTVwVUZtT19YUlVQd3VvTmR1UlNCQk5LSkhITXpkQV94REY1WE13YUlRdEtqZGUwS0hYdw?oc=5) · ctinsider.com
- 2015-07-12 [CUNA Mutual’s TruStage Reaches 16 Million Members - cutoday.info](https://news.google.com/rss/articles/CBMijwFBVV95cUxORGF1WEVzMXVhb3gtYUx2UTQ1RExLbFZMQzdhU2x0M3ZMRXU4c0NVYnF4R1RUbkpySG9BR2docjEyTjZ2VkhxSnJocWJrUmRCeXdkejNkaFZOV0R2N1VSZGxvekVEeFhvSVBobTBtWjF2OTJUWjJoZWdfbURPRnhFNXJYbDgzZ0RodF9IdUVkVQ?oc=5) · cutoday.info
- 2021-03-19 [Nutmeg Celebrates New Norwalk Location W/ DMV Express - newswire.com](https://news.google.com/rss/articles/CBMilgFBVV95cUxQelhkR0lxdEVQWHN6UjNRbjBTYWdlaU92S2FkQUNCN0d4ZHU4ZXNRd0pvMEk1Z1pwODYxVkZ4X2Z6RFY3RHRJR3hXZDI5alpIcUY0RElIbjlIb2Y2MHZ4alZIdk5HNWl6LUJCX2w5azlNQnVqa3I1WHhqOWRGV3NjQ3A2bFVTQmNETWlZMjVMMktaajBrTFE?oc=5) · newswire.com
- 2025-10-07 [Regional Banks, CUs: 3 Proven Strategies to Drive Growth - Resourceful Finance Pro](https://news.google.com/rss/articles/CBMifEFVX3lxTFAxR0V1c1lIRy1GXzQtSGNTNk9EM3N6NjM2M3FzT0p2b2hTUDc2aEw2NVR2Z0lUaDBUYXRTckJsanRGWXdsenQ1SnU3SEw3bldSSWhEcmNqLWdMMVNIM3R1Sks5a2FoZy0xTkpoUkVOaVJISDFDd01PR3IzM3I?oc=5) · Resourceful Finance Pro
- 2019-10-30 [Couple who pilfered nearly $46,000 from a local union they worked for got sentenced - Times Record News](https://news.google.com/rss/articles/CBMisAFBVV95cUxNZTB5QkFqaVA1dmhPMjE5QUtSaDNFdFA2NG9qQWQ5bEF3b0JMVmZrdnN4eUZJb3dnWTlmOTBZV05ZZnZ2OTM0dmJlY3lfQk5yN1NwX241ZElGazMxd01zWG5kTm5XdW83ME1Ud1ZKSjRCaVQtNzFIM0pQT2RZSE4yS29CMk5VTjRMNWk3cVdsZkZOdUFGckNTMFpKeUVFaFNiZURobXBwUGlTTW8zeWtQNA?oc=5) · Times Record News
- 2022-06-29 [Picture Vernon: The Road Before The Highway - Patch](https://news.google.com/rss/articles/CBMickFVX3lxTE96OVZZY1NJTUtmaWVTTm9RNkNTXzJpVnpBLUJ5MkV0X1prWFJQZ25HYnhocGQzdG9TaE5IdUh5TmwyaWV1MGIxZkg1elJJcGduREVkVjVXNnczUEI4S0h4MlJ3ZWk0VFAySlY5SDltdDVzQQ?oc=5) · Patch

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=4303 (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/15.json (key "4303", 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=4303
- 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.

---
Rendered 2026-09-10 from the desks' own data files. Full guide: https://getbookiq.com/guide