# PORTSMOUTH SCHOOLS
PORTSMOUTH, VA · NCUA charter 4833 · asset band <$50M · latest filing 2021-09 · stopped filing after 2021-09 (departed; for a credit union that is almost always a merger)
Share link (named URL with a preview card): https://getbookiq.com/cu/portsmouth-schools-4833

Who the members are: federal charter, educational (single sponsor), organized 1942, low-income designated. 870 members of 3,000 potential (29.0% of the field); checking penetration 47% (share draft accounts per 100 members); loans per 100 members 23.

**Verdict on the desk:** this could be *stressed*. Composite score 11 of 18 (one point per flag across 17 flags, capital below 7% counted twice).

## What the filing shows

| Measure | Value |
|---|---|
| Total assets | $2.3M |
| Members | 870 (-12.7% YoY) |
| Full-time staff | 1 |
| Net worth | $-89,640 |
| Net worth ratio | -3.9% (p0 of band) |
| ROA (annualized) | -11.88% (p0 of band) |
| Total delinquency | 5.95% (p95 of band) |
| Net charge-offs (annualized) | 1.14% (p93 of band) |
| Loans / shares | 40% (p37 of band) |
| Cash / assets | 36.9% |
| Borrowings / assets | 0.00% |
| Net interest margin | 4.07% (p93 of band) |
| Operating expense / assets | 18.35% (p100 of band) |
| Vehicles % of loans | 44% (p30 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 0% |
| Third-party paper % of net worth | – |
| Vehicle delinquency | 8.01% (p97 of band) |
| Vehicle NCO | 0.00% (p30 of band) |
| Repossessed % of vehicle book | 0.00% (p47 of band) |
| Real estate % of loans | 0% |
| Credit cards % of loans | 0% |
| Unsecured % of loans | 55% |
| Commercial % of net worth | – |
| Core shares % of member funds | 89% |
| Certificates % of member funds | 2% |
| Average share balance | $1,470 |
| Participations bought / yr | $0 |
| Participations sold / yr | $0 |
| Participations outstanding | – |
| Loans outstanding per 100 members | 23% |
| Loans granted per 100 members, annualized | 15% |
| Average loan balance | $4,705 |
| Loans granted, annualized | $544,851 |

## Flags firing in the latest filing

- **thin capital** (`cap_low`)
- **capital below 7%** (`cap_critical`)
- **net worth falling** (`cap_falling`)
- **losing money** (`earn_negative`)
- **expense trap** (`earn_opex`)
- **delinquency 2x band** (`aq_dq_high`)
- **delinquency rising** (`aq_dq_rising`)
- **charge-offs p90** (`aq_nco_high`)
- **assets shrinking** (`shrink_assets`)
- **members leaving** (`shrink_members`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 2 | expense trap, charge-offs p90 |  |
| 2016-06 | 3 | losing money |  |
| 2016-09 | 3 |  |  |
| 2016-12 | 3 |  |  |
| 2017-03 | 5 | net worth falling, delinquency rising, members leaving, loan book shrinking | charge-offs p90, losing money |
| 2017-06 | 5 | margin squeeze | delinquency rising |
| 2017-09 | 3 |  | net worth falling, margin squeeze |
| 2017-12 | 6 | losing money, delinquency 2x band, delinquency rising |  |
| 2018-03 | 7 | net worth falling |  |
| 2018-06 | 8 | charge-offs p90, assets shrinking | loan book shrinking |
| 2018-09 | 7 |  | net worth falling |
| 2018-12 | 6 |  | assets shrinking |
| 2019-03 | 7 | thin capital, net worth falling, assets shrinking | delinquency rising, charge-offs p90 |
| 2019-06 | 6 |  | net worth falling |
| 2019-09 | 6 | margin squeeze | assets shrinking |
| 2019-12 | 5 | delinquency rising | members leaving, margin squeeze |
| 2020-03 | 10 | capital below 7%, net worth falling, margin squeeze, charge-offs p90 |  |
| 2020-06 | 9 |  | delinquency rising |
| 2020-09 | 9 |  |  |
| 2020-12 | 9 |  |  |
| 2021-03 | 9 | members leaving | margin squeeze |
| 2021-06 | 9 |  |  |
| 2021-09 | 11 | delinquency rising, assets shrinking |  |

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

- 2022-01-03 [NCUA liquidates small Virginia credit union - americanbanker.com](https://news.google.com/rss/articles/CBMitwFBVV95cUxOYTYtaUxVYVB2VURDdUY2dWxnalFKZ2NVRF8xZEFZa28zd2dKZzVWdmttTkdzZXBsTGIwUHJHSVV2S1p1OEk1aTNNVkVpZkxnNWJlOVBqM2VJUWFzZkFQdjUzMkRUZHljeXFxYThBWGRsaTQzVmNYTXNYLU5fdnNJeDQ4Vlg1UXJfUHJwaGpidFR6TlZLVVExNG5GX0xLV3VSQWJkMEhFRUo0d3dUSXU1c3hNeGxBWkE?oc=5) · americanbanker.com
- 2024-07-02 [2012-2024 List Of Failed Credit Unions - Bankrate](https://news.google.com/rss/articles/CBMib0FVX3lxTFBqUTBmbUhvaEh6UXpMOERnZTMzUjU2djBQVUVxMHd4UmZFRF84OWFtelZtZXQ3eTF5ZE5fbE5YVTRIUWd2dDVDWjZxZ3F4d3gwRFhMV2FyT21RWXlTLVVoRTE5Z0R1Ql9iMHVmYndZUQ?oc=5) · Bankrate
- 2012-01-01 [2011 Images of the Year - Seacoastonline.com](https://news.google.com/rss/articles/CBMipgFBVV95cUxNTTk5eUlWMkZYLVNvV0tUSC1iZ0s2b0VhM1pNeFZQY2tyQWhiNlZDanplTFlLbEpHbFZONGVST3FVbEZVdU9YZVFHM1JJVjVYUFFpakZ2MHp2NXpJRTdfWVh6UHJRaGRLRVVlNXVYVUxKMS1iS0VySUN4LWZsOE5hRWtzZmdlWFJFSTFGV05RUk9YdExsbDVwbHh1QVVQMHFaV1Vkekxn?oc=5) · Seacoastonline.com

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=4833 (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/33.json (key "4833", 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=4833
- 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