# BESSEMER SYSTEM
Greenville, PA · NCUA charter 4982 · asset band <$50M · latest filing 2026-03 · live
Share link (named URL with a preview card): https://getbookiq.com/cu/bessemer-system-4982

Who the members are: federal charter, community charter, organized 1943, low-income designated. 3,076 members of 114,598 potential (2.7% of the field); checking penetration 46% (share draft accounts per 100 members); loans per 100 members 41.

**Verdict on the desk:** this could be *quiet fade*. Composite score 2 of 18 (one point per flag across 17 flags, capital below 7% counted twice).

## What the filing shows

| Measure | Value |
|---|---|
| Total assets | $47.5M |
| Members | 3,076 (-5.6% YoY) |
| Full-time staff | 7 |
| Net worth | $5.5M |
| Net worth ratio | 11.5% (p27 of band) |
| ROA (annualized) | 0.70% (p56 of band) |
| Total delinquency | 0.26% (p34 of band) |
| Net charge-offs (annualized) | 0.03% (p53 of band) |
| Loans / shares | 19% (p5 of band) |
| Cash / assets | 74.0% |
| Borrowings / assets | 0.00% |
| Net interest margin | 2.76% (p14 of band) |
| Operating expense / assets | 2.39% (p18 of band) |
| Vehicles % of loans | 45% (p30 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 72% |
| Third-party paper % of net worth | 46% (p94 of band) |
| Vehicle delinquency | 0.57% (p53 of band) |
| Vehicle NCO | 0.00% (p35 of band) |
| Repossessed % of vehicle book | 0.00% (p46 of band) |
| Real estate % of loans | 27% |
| Credit cards % of loans | 10% |
| Unsecured % of loans | 18% |
| Commercial % of net worth | 0% |
| Core shares % of member funds | 70% |
| Certificates % of member funds | 15% |
| Average share balance | $7,585 |
| Participations bought / yr | $0 |
| Participations sold / yr | $0 |
| Participations outstanding | – |
| Loans outstanding per 100 members | 41% |
| Loans granted per 100 members, annualized | 2% |
| Average loan balance | $6,122 |
| Loans granted, annualized | $1.1M |

## Flags firing in the latest filing

- **members leaving** (`shrink_members`)
- **loan book shrinking** (`shrink_loans`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 0 |  |  |
| 2016-06 | 0 |  |  |
| 2016-09 | 0 |  |  |
| 2016-12 | 2 | 3rd-party paper>100% NW, auto monoline |  |
| 2017-03 | 2 |  |  |
| 2017-06 | 2 |  |  |
| 2017-09 | 3 | delinquency rising |  |
| 2017-12 | 3 |  |  |
| 2018-03 | 3 |  |  |
| 2018-06 | 3 |  |  |
| 2018-09 | 4 | members leaving |  |
| 2018-12 | 4 | losing money | delinquency rising |
| 2019-03 | 5 | net worth falling |  |
| 2019-06 | 3 |  | members leaving, net worth falling |
| 2019-09 | 4 | members leaving |  |
| 2019-12 | 3 |  | losing money |
| 2020-03 | 4 | losing money |  |
| 2020-06 | 5 | net worth falling |  |
| 2020-09 | 4 |  | members leaving |
| 2020-12 | 4 |  |  |
| 2021-03 | 4 |  |  |
| 2021-06 | 4 | members leaving | net worth falling |
| 2021-09 | 4 |  |  |
| 2021-12 | 6 | net worth falling, delinquency rising |  |
| 2022-03 | 5 |  | delinquency rising |
| 2022-06 | 6 | delinquency rising |  |
| 2022-09 | 4 |  | members leaving, delinquency rising |
| 2022-12 | 4 |  |  |
| 2023-03 | 3 |  | net worth falling |
| 2023-06 | 3 |  |  |
| 2023-09 | 7 | net worth falling, delinquency rising, assets shrinking, members leaving |  |
| 2023-12 | 7 | loan book shrinking | net worth falling |
| 2024-03 | 6 |  | delinquency rising |
| 2024-06 | 6 | margin squeeze | losing money |
| 2024-09 | 5 |  | assets shrinking |
| 2024-12 | 5 |  |  |
| 2025-03 | 5 | net worth falling, delinquency rising | auto monoline, margin squeeze |
| 2025-06 | 2 |  | 3rd-party paper>100% NW, net worth falling, delinquency rising |
| 2025-09 | 3 | delinquency rising |  |
| 2025-12 | 3 |  |  |
| 2026-03 | 2 |  | delinquency rising |

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

- 2019-04-26 [Fintech giant Fiserv sued by Pa. credit union for ‘baffling security lapses’ - CyberScoop](https://news.google.com/rss/articles/CBMid0FVX3lxTE95NUJmcU80ZVRnbEhzRmxWOE9tTGYtb3dWOTFGUDduLVNLSDZMMUxaNThGd05kRHFxeDd4eU5ZQVVPX3FnQkdVZ2I1U0t3Z1lNMjI1aVBSZWRXNVZwdEhKTUVZd3RBdVNvc2kwd0lfQmZqaG5QOUdR?oc=5) · CyberScoop
- 2019-04-30 [Fiserv Hit With Lawsuit By Credit Union - CFO.com](https://news.google.com/rss/articles/CBMifEFVX3lxTE9ERlA4YUM4NGF1TFYxc2RFMi1yaDVJNDlOeFNFMU04SEJiYURpM0VGRzRnelJCVHBSSEZ0dmlrSmhEZkRnMTl2d3A0Z3M1bmtTcjRncWJRSnBvekxKOVBqTnZLeWpMOG9JZEFkRVd4SDc3c015STNUU0UxTDE?oc=5) · CFO.com
- 2020-08-26 [Small Pa. credit union claims partial victory in Fiserv lawsuit - American Banker](https://news.google.com/rss/articles/CBMisAFBVV95cUxPd3RHaXVqMzd0MXlOWmctamRyanBSVlZwbXBSMC1jeDdjSFdSaGJUeXhjRWgwd3p0blJ5U1EtSDlkV0VxaG9RbmQtQzFvdXdrT195dUlOT3AzeTFua1J3TnMtMGNoamhfaVFsUmRXcTRrMEhyRDdOblA2S3hob1RqTldtQWZ2bHduQ0xVMUdjV3MzR0dHN3FsaEY5VG43ZVRnc1BrU3BDV0RqeW0yOXNpUg?oc=5) · American Banker
- 2019-05-03 [Credit Union Sues Fintech Giant Fiserv Over Security Claims - Krebs on Security](https://news.google.com/rss/articles/CBMinAFBVV95cUxPdnBvZGFvOFRLVW9RcDU2RDYxS3A2TFZzX1dOeE50cTdPN0dRUFFiTG5PYVJjSU5ZOGVkRDNpZk1sY0RMYVhaOG9nUWVBbC05Vm9jZlBOTFR4ZDNVb3pYOTZMOHlnbVBoQTlkOThaSWp2ckNpd3kzXzUwdDVpZ2ctS3FvSXQwMTU5Rk1maFFrc051bi13clM4aHdMaEc?oc=5) · Krebs on Security
- 2019-04-29 [Fintech firm Fiserv sued over alleged security lapses and pervasive bugs - Axios](https://news.google.com/rss/articles/CBMijgFBVV95cUxQQTNQSUJ6ZThib2gxM3ppN205ZG9FQXV0SXVON3luWUl0aFg3YURvb0hLS3ZEcDA1NGptNjNXSU9FSDR1bjM1LVZZLTBhZlN1MHRuMkw3WEdHUVBBOXo1SHJBeXVfd0hiUHZhY2ZoNVlZRldnV3k1VHp6LVlFR1lTb2tObk1zTGIxWE1IT0NB?oc=5) · Axios
- 2026-07-20 [TruStage Discloses Scant Details as Cybersecurity Investigation Continues - CUTimes](https://news.google.com/rss/articles/CBMirgFBVV95cUxOOVFwS0xFS2NnMF9SQWxfRURZWlFsczVTR2EzR2VEeW0zR3F0SjNUZ2lQd1AwYXdLRERTVEl0WFpFTnNSYm9xbGRJSDR1cUZDMnp5TjRwZTRLTVRfZVRYNFF5UEk3Y2hfZlBJcS1LLW1fOWtuM28tZHVrUzNRTWRhcUt2V2RNaWZ1V1o2cTFiZks0QmxXZUNTZG05dUlPNTFfVWNMZEczSFJFaExaNHc?oc=5) · CUTimes
- 2020-07-15 [Credit union’s lawsuit against Fiserv is a test for cybersecurity liability - CyberScoop](https://news.google.com/rss/articles/CBMihgFBVV95cUxPczlIMTlXUG9mQWlnY1ZwTjlxcGhPRFg2dV9PWVNPMnBmSzczU0hOQVhwX3k0ejUwREtINnQ1SS13YXBiajd5bU9keVdSVkd4ODNZWU9qUXFaSHdveHg1VzI4a0otNUFoUEtLbmlhNEhpRnhzNWE2bXlEVVRNa3lSdm5Cdzludw?oc=5) · CyberScoop
- 2026-07-21 [Credit union sues TruStage over cybersecurity incident - American Banker](https://news.google.com/rss/articles/CBMilAFBVV95cUxQdGJpWThxRmxOMlFpRWhTNl9HdzBPZENmdW8yVS1vS2xmOXd3R1I0eU5Ld1VFcUVoNDYzRDNmN0gzbzNiemZibFk5SHlPQmR5MEQ1cllEQVZWaHJvdzJUalhXRXJOdGtnNFdMSnNneDMzR0FabmNzQ1huMGJPN2JBb0pYRE9aenVrTEQ5SkJZTm1DWHVt?oc=5) · American Banker

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=4982 (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/54.json (key "4982", 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=4982
- 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