# HOMEPORT
Corpus Christi, TX · NCUA charter 5450 · asset band <$50M · latest filing 2020-03 · stopped filing after 2020-03 (departed; for a credit union that is almost always a merger)
Share link (named URL with a preview card): https://getbookiq.com/cu/homeport-5450

Who the members are: federal charter, multiple common bond, organized 1947, low-income designated. 2,309 members of 13,000 potential (17.8% of the field); checking penetration 47% (share draft accounts per 100 members); loans per 100 members 38.

**Verdict on the desk:** this could be *stressed*. Composite score 9 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 | 2,309 (-4.3% YoY) |
| Full-time staff | 7 |
| Net worth | $965,591 |
| Net worth ratio | 7.8% (p6 of band) |
| ROA (annualized) | -3.13% (p2 of band) |
| Total delinquency | 2.20% (p79 of band) |
| Net charge-offs (annualized) | 2.08% (p94 of band) |
| Loans / shares | 49% (p34 of band) |
| Cash / assets | 25.3% |
| Borrowings / assets | 0.00% |
| Net interest margin | 4.32% (p83 of band) |
| Operating expense / assets | 7.84% (p97 of band) |
| Vehicles % of loans | 60% (p55 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 0% |
| Third-party paper % of net worth | 0% (p45 of band) |
| Vehicle delinquency | 0.97% (p64 of band) |
| Vehicle NCO | 2.42% (p95 of band) |
| Repossessed % of vehicle book | 0.00% (p44 of band) |
| Real estate % of loans | 3% |
| Credit cards % of loans | 19% |
| Unsecured % of loans | 29% |
| Commercial % of net worth | 0% |
| Core shares % of member funds | 95% |
| Certificates % of member funds | 2% |
| Average share balance | $3,071 |
| Participations bought / yr | $0 |
| Participations sold / yr | $0 |
| Participations outstanding | – |
| Loans outstanding per 100 members | 38% |
| Loans granted per 100 members, annualized | 5% |
| Average loan balance | $6,241 |
| Loans granted, annualized | $870,468 |

## Flags firing in the latest filing

- **thin capital** (`cap_low`)
- **net worth falling** (`cap_falling`)
- **losing money** (`earn_negative`)
- **expense trap** (`earn_opex`)
- **delinquency 2x band** (`aq_dq_high`)
- **charge-offs p90** (`aq_nco_high`)
- **assets shrinking** (`shrink_assets`)
- **members leaving** (`shrink_members`)
- **loan book shrinking** (`shrink_loans`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 5 | losing money, expense trap, delinquency 2x band, charge-offs p90, repo signal |  |
| 2016-06 | 3 |  | charge-offs p90, repo signal |
| 2016-09 | 4 | net worth falling |  |
| 2016-12 | 4 | repo signal | net worth falling |
| 2017-03 | 6 | charge-offs p90, assets shrinking, members leaving | repo signal |
| 2017-06 | 7 | net worth falling |  |
| 2017-09 | 6 | delinquency rising | charge-offs p90, net worth falling |
| 2017-12 | 4 |  | assets shrinking, delinquency rising |
| 2018-03 | 6 | net worth falling, delinquency rising, repo signal | losing money |
| 2018-06 | 5 | losing money, loan book shrinking | members leaving, delinquency rising, repo signal |
| 2018-09 | 4 | assets shrinking | net worth falling, loan book shrinking |
| 2018-12 | 6 | charge-offs p90, members leaving |  |
| 2019-03 | 9 | thin capital, net worth falling, loan book shrinking |  |
| 2019-06 | 9 | repo signal | net worth falling |
| 2019-09 | 8 |  | members leaving |
| 2019-12 | 9 | delinquency rising |  |
| 2020-03 | 9 | net worth falling, members leaving | repo signal, delinquency rising |

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

- 2020-08-26 [Gulf Coast Federal Credit Union to absorb nearby Homeport FCU - American Banker](https://news.google.com/rss/articles/CBMirwFBVV95cUxNXzBTT2dFVGRpUUNUcko4ak1FRmxhLVh3UFRubWlNb1I5dFNpMktOZ0FnUFZqX2pkUmNJakVKbzhQYXNjMW5tTDNiNW95ajcxSERVemliOF9sVlFwQ2dBUGpZRkFnTkVqRWNBVzVWRldUcWg2d3l6NmVJblZrXzYya2d2WDBLWDU3YjduLXFWTFFYOXZoTFp1S0VGcjRDSU91c0dhWGFWMF9hUVdQRE9Z?oc=5) · American Banker
- 2002-11-26 [James Wesson Obituary (2002) - Corpus Christi, TX - Corpus-Christi Caller-Times - legacy.com](https://news.google.com/rss/articles/CBMiigFBVV95cUxQMklhT0x6Z2hEc3RMM0hLcjFuNnQ5aVdNMFVNM2JYRTdfcEh5b1lKdy05V25rVVotbWdOZkVXR3loRFRQT2ZRTHRzSTlaeVFLOU5BWi1QUVJKQVZ5ckc0dHpHUG1aWUN2NF9rMVNqelZmSE1rZk9wZER1T201ZWNkNW9LWWs4NGw4RWc?oc=5) · legacy.com

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=5450 (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/10.json (key "5450", 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=5450
- 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