# FORT FINANCIAL
Fort Wayne, IN · NCUA charter 5431 · asset band $200-500M · latest filing 2026-03 · live
Share link (named URL with a preview card): https://getbookiq.com/cu/fort-financial-5431

Who the members are: federal charter, multiple common bond, organized 1946, low-income designated. 23,413 members of 350,000 potential (6.7% of the field); checking penetration 70% (share draft accounts per 100 members); loans per 100 members 67.

**Verdict on the desk:** this could be *ordinary*. Composite score 0 of 18 (one point per flag across 17 flags, capital below 7% counted twice).

## What the filing shows

| Measure | Value |
|---|---|
| Total assets | $398.4M |
| Members | 23,413 (-2.6% YoY) |
| Full-time staff | 80 |
| Net worth | $43.9M |
| Net worth ratio | 11.0% (p47 of band) |
| ROA (annualized) | 1.11% (p77 of band) |
| Total delinquency | 0.27% (p19 of band) |
| Net charge-offs (annualized) | 0.18% (p25 of band) |
| Loans / shares | 83% (p74 of band) |
| Cash / assets | 18.1% |
| Borrowings / assets | 0.00% |
| Net interest margin | 4.05% (p79 of band) |
| Operating expense / assets | 4.44% (p81 of band) |
| Vehicles % of loans | 25% (p35 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 37% |
| Third-party paper % of net worth | 63% (p45 of band) |
| Vehicle delinquency | 0.85% (p69 of band) |
| Vehicle NCO | 1.98% (p90 of band) |
| Repossessed % of vehicle book | 0.00% (p25 of band) |
| Real estate % of loans | 55% |
| Credit cards % of loans | 3% |
| Unsecured % of loans | 3% |
| Commercial % of net worth | 93% |
| Core shares % of member funds | 55% |
| Certificates % of member funds | 28% |
| Average share balance | $7,210 |
| Participations bought / yr | $4.6M |
| Participations sold / yr | $0 |
| Participations outstanding | $11.9M |
| Loans outstanding per 100 members | 67% |
| Loans granted per 100 members, annualized | 9% |
| Average loan balance | $18,717 |
| Loans granted, annualized | $85.8M |

## Participation posture (from the same filings)

Bought $4.6M and sold $0 in the latest annualized quarter; $11.9M outstanding purchased (27.1% of net worth), $0 sold and retained. Sold in 0 and bought in 7 of the last 8 quarters. Shares 11.0% year over year.

## Flags firing in the latest filing

- none

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 3 | thin capital, 3rd-party paper>100% NW, auto monoline |  |
| 2016-06 | 2 |  | auto monoline |
| 2016-09 | 2 |  |  |
| 2016-12 | 2 |  |  |
| 2017-03 | 3 | members leaving |  |
| 2017-06 | 3 |  |  |
| 2017-09 | 3 |  |  |
| 2017-12 | 2 |  | thin capital |
| 2018-03 | 3 | thin capital |  |
| 2018-06 | 1 |  | members leaving, thin capital |
| 2018-09 | 1 |  |  |
| 2018-12 | 1 |  |  |
| 2019-03 | 1 |  |  |
| 2019-06 | 2 | members leaving |  |
| 2019-09 | 2 | delinquency rising | members leaving |
| 2019-12 | 2 |  |  |
| 2020-03 | 4 | expense trap, delinquency 2x band |  |
| 2020-06 | 4 | net worth falling | expense trap |
| 2020-09 | 3 |  | net worth falling |
| 2020-12 | 4 | expense trap |  |
| 2021-03 | 5 | thin capital, net worth falling | delinquency rising |
| 2021-06 | 4 |  | net worth falling |
| 2021-09 | 4 | delinquency rising | thin capital |
| 2021-12 | 4 |  |  |
| 2022-03 | 6 | net worth falling, charge-offs p90 |  |
| 2022-06 | 5 |  | net worth falling |
| 2022-09 | 4 |  | delinquency rising |
| 2022-12 | 7 | delinquency rising, members leaving, loans>95% of shares |  |
| 2023-03 | 6 |  | loans>95% of shares |
| 2023-06 | 7 | loans>95% of shares |  |
| 2023-09 | 6 |  | delinquency rising |
| 2023-12 | 5 |  | loans>95% of shares |
| 2024-03 | 5 | net worth falling | charge-offs p90 |
| 2024-06 | 4 |  | net worth falling |
| 2024-09 | 3 |  | delinquency 2x band |
| 2024-12 | 3 |  |  |
| 2025-03 | 3 |  |  |
| 2025-06 | 2 |  | 3rd-party paper>100% NW |
| 2025-09 | 1 |  | members leaving |
| 2025-12 | 1 |  |  |
| 2026-03 | 0 |  | expense trap |

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

- 2026-03-26 [AFG Partners With Fort Financial Credit Union - F&I and Showroom](https://news.google.com/rss/articles/CBMihAFBVV95cUxNYTFQVThZZkhuMGVaZmNTXzJFUU00dmZvNEFxd2U5VlJpcDlaVVBreEdxaF83bUVwd0d5VUt4cXFqbkljWXY1aDZ3VVhLVHNsanBPeU1jVV8wa0M1T1hkQ3B3NjRpY21tOGRtWDZHaElKSVZIUjNhQzFfZnM5RVRnUzVZRHg?oc=5) · F&I and Showroom
- 2026-02-02 [Fort Financial, INOVA credit unions merger nixed after membership vote - journalgazette.net](https://news.google.com/rss/articles/CBMi8AFBVV95cUxQN3lxTTI1VjlSQ2VrdGFFR2xaRG1QelhEWm5CM1dfNG94R1dBNDdNaERXSjVpNEdieDNfT1d5N2VmWlRNR1VxaTRLTEh2Yjc1NWlFeDdsdjF2YmMtQUxiaGFhTTRtSHlNR0Z5X1dFaFFSLUN6d25WVVB5Qnc5SHNFZUJKOGMtZHNETVVBU1pCZWdMam1RWEpHMUE3NTRGVTdQUzZEMEtfSmV4UTJVdjB4dEROSEtodUdOSWpoMzdaRG9kUUVQam4xT3FTaGVnMU1VUjRCQ1EwaDdreGVKRzVxN3NEQ0FtbkIxWTM1ZnlDZVE?oc=5) · journalgazette.net
- 2026-02-05 [Members Pull the Plug: Fort Financial Votes Down $1B Merger With INOVA - cutoday.info](https://news.google.com/rss/articles/CBMiqAFBVV95cUxOdE80cVhtR1d6RWEzcEVaUEJ0ZUNRTkJ0djB6eWFRVDVnc1JhU0p0QlgwU2pNeHRtVGE0MUtPa2tvanRPV2F6b3MxeUtKYUtGdVNpMk5jS1AwclFTNnVsM2d4RjFfZVJYWWp0SE9lMWllSG9scDRJY0dwRzBlNzF5RzQzT2tHaXlOY1lEd2I4eEJBNlhQc1hlOW5kWkw2Ul9zakhDNUFVX0k?oc=5) · cutoday.info
- 2026-04-10 [April 10: Chris Mulkey joins Fort Financial as EVP, chief lending officer - Fort Wayne Business Weekly](https://news.google.com/rss/articles/CBMiiAFBVV95cUxOcVhZWGpzclF4MTJWcmZ1cnRjVzVmWWt6RzFhQTFuUFZjNUx0Mk53Y1A1RlZ2V2dTZXB2QVVjbFNnTFd3Ni1FWkh1WlJ2MkwxV2tZRDVnUzV3SkZhRlVTVnNJVUVaUVVCSGFCcjVCSUk4S0VfNElpSVBNaHoybWRRTG1lNGo0ZUhR?oc=5) · Fort Wayne Business Weekly
- 2022-06-03 [New corporate headquarters for Fort Financial Credit Union underway - CUInsight](https://news.google.com/rss/articles/CBMirAFBVV95cUxPR1JQbjJvS3JBcEhOYkZmZS1xUzJKX3F3RzQ3akNkb01ZaU92bHdsNUxRMW9qeUhxaXpIcmxwOE5kMUZGd09VU2FndG85WEltRVEyLXVaNkZEQnNNMFNNT0xvOVN2X0pKUXNTQ1RfLUdBZ0FjSGFhZndTNXE0cVpSU2pBd211NExJcThjN3h5UkdVWmlOMTc4OGJ4dXd1S243SHdZNFN1MnhNYUdH?oc=5) · CUInsight
- 2025-09-28 [David Krieg Obituary - Fort Wayne, IN - Dignity Memorial](https://news.google.com/rss/articles/CBMigwFBVV95cUxQYndvOHFkeUJDd3VVaTc2NTl5dTA4YU1DaTR6NjZnc0ROR2xTRDFabmp0ZVgwV3psWWZPYlRNcGU2eXhISkNpNUtFYVQ0T1hWd2dDSzByS0J2bU8wQ2xaeG1GLWZHWUtIVGFxbmp1R290bEdHeEctYUtCMXB6VnJUdTY1SQ?oc=5) · Dignity Memorial
- 2022-07-27 [July 27 - Design Collaborative working on 3 Fort Financial Credit Union locations - Fort Wayne Business Weekly](https://news.google.com/rss/articles/CBMiiAFBVV95cUxQTncxdzh5M1BLT2xzYmFRX1ZWMVdMT0UzSzBLS29KLVEyVEdpWWVpX01BdFpWbGNNTDZxN2NvdVhSWUJwclFrMU5Fb182bXBScFFhLXBMQ2ZyaTJ1ZmlyaFcyTkJfbDY5SDFjeGRuMGh5ZWxhOFl1dkNpbTV5RlFhYzRmSjRoX3ox?oc=5) · Fort Wayne Business Weekly
- 2021-03-26 [Today In Payments: Fiserv To Acquire Pineapple Payments; Fort Financial Taps Lumin Digital For Digital Banking Tech - PYMNTS.com](https://news.google.com/rss/articles/CBMikgFBVV95cUxQNG5tSGNuWWQ4VGRsWlFaTTdjNUZqRER0UzJyNGdROVY3Wm5sbjI3aG1uM3NMTF9VOHVUMXhRV0tESFBtUkRpUUNiclZLejN3QktYcGRMcVNSV01oUkkxRmdqQjBSNkNOZ1lhWXl2dEpDUFdpZDV4bXBuLU9BeVUyMlNXMDZWQ3lSdk9pR05TZTlVZw?oc=5) · PYMNTS.com

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=5431 (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/55.json (key "5431", 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=5431
- 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