# FEDSTAR
Salem, VA · NCUA charter 5486 · asset band <$50M · latest filing 2021-03 · stopped filing after 2021-03 (departed; for a credit union that is almost always a merger)
Share link (named URL with a preview card): https://getbookiq.com/cu/fedstar-5486

Who the members are: federal charter, multiple common bond, organized 1947. 3,581 members of 80,000 potential (4.5% of the field); checking penetration 51% (share draft accounts per 100 members); loans per 100 members 55.

**Verdict on the desk:** this could be *stressed*. Composite score 10 of 18 (one point per flag across 17 flags, capital below 7% counted twice).

## What the filing shows

| Measure | Value |
|---|---|
| Total assets | $23.8M |
| Members | 3,581 (6.7% YoY) |
| Full-time staff | 5 |
| Net worth | $-169,531 |
| Net worth ratio | -0.7% (p0 of band) |
| ROA (annualized) | -0.28% (p23 of band) |
| Total delinquency | 1.95% (p83 of band) |
| Net charge-offs (annualized) | 2.48% (p97 of band) |
| Loans / shares | 71% (p84 of band) |
| Cash / assets | 25.0% |
| Borrowings / assets | 0.00% |
| Net interest margin | 3.87% (p90 of band) |
| Operating expense / assets | 5.18% (p92 of band) |
| Vehicles % of loans | 66% (p62 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 0% |
| Third-party paper % of net worth | – |
| Vehicle delinquency | 1.42% (p82 of band) |
| Vehicle NCO | 2.86% (p98 of band) |
| Repossessed % of vehicle book | 0.00% (p46 of band) |
| Real estate % of loans | 4% |
| Credit cards % of loans | 5% |
| Unsecured % of loans | 30% |
| Commercial % of net worth | – |
| Core shares % of member funds | 61% |
| Certificates % of member funds | 8% |
| Average share balance | $4,368 |
| Participations bought / yr | $0 |
| Participations sold / yr | $0 |
| Participations outstanding | – |
| Loans outstanding per 100 members | 55% |
| Loans granted per 100 members, annualized | 14% |
| Average loan balance | $8,599 |
| Loans granted, annualized | $2.8M |

## Flags firing in the latest filing

- **thin capital** (`cap_low`)
- **capital below 7%** (`cap_critical`)
- **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`)
- **loan book shrinking** (`shrink_loans`)
- **auto monoline** (`str_vehicle`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 0 |  |  |
| 2016-06 | 0 |  |  |
| 2016-09 | 0 |  |  |
| 2016-12 | 1 | net worth falling |  |
| 2017-03 | 4 | thin capital, margin squeeze, delinquency rising |  |
| 2017-06 | 4 |  |  |
| 2017-09 | 4 | auto monoline | net worth falling |
| 2017-12 | 3 |  | margin squeeze |
| 2018-03 | 3 |  |  |
| 2018-06 | 3 |  |  |
| 2018-09 | 3 | net worth falling | delinquency rising |
| 2018-12 | 3 | delinquency rising | net worth falling |
| 2019-03 | 5 | capital below 7%, delinquency 2x band | delinquency rising |
| 2019-06 | 3 | charge-offs p90 | capital below 7%, delinquency 2x band |
| 2019-09 | 4 | capital below 7% | charge-offs p90 |
| 2019-12 | 4 | delinquency 2x band, delinquency rising | capital below 7% |
| 2020-03 | 2 |  | delinquency 2x band, delinquency rising |
| 2020-06 | 4 | delinquency 2x band, delinquency rising |  |
| 2020-09 | 7 | capital below 7%, net worth falling, losing money, charge-offs p90 | auto monoline, delinquency 2x band |
| 2020-12 | 8 | expense trap, delinquency 2x band | delinquency rising |
| 2021-03 | 10 | delinquency rising, loan book shrinking, auto monoline | net worth falling |

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

- 2023-01-17 [Former credit union CEO from Salem pleads guilty to federal charge - WDBJ7](https://news.google.com/rss/articles/CBMilwFBVV95cUxNSENVYWdUYTI1LV9TdkRXdGlxWmpMUk1MdXV0ZmJsTWNnUjA4bUFOY0dFcDA4QThDTUI5Tk5nZUFJMnN0dkZpbWFXOERBWkdUbThEdVNqY2NiYVZyenAwY2QwMXJWNDVEZHF3T0dYdHNjNHpOV0FjOU0xSWhRbnE5TzQ0Y1p0ZjQwcmVOaHFfWGtwZmdpTWZj0gGrAUFVX3lxTFB0V0xJTVFXaGRCeU9xR2h0emZiODlUTDViaERqdUI5QzFwaWFKNk50bEVxbkpIQ3pUbjlLRzNPajJ0N19pQU02aHFraG42cDQ3ZDR4elpIUHBBZy1EcTJiVXR1dXN6RW55SWYzNDd4UjNMRFhSV0xvT3pjMWs5VHRIRE0xdTc2SUxPazE0bHpQWTNSaDdfOVBHTU9DUEJWbGtpaHRENG52c05sdw?oc=5) · WDBJ7
- 2024-06-18 [Ex-CEO of Roanoke Valley credit union gets 10 months in prison for embezzlement - Roanoke Times](https://news.google.com/rss/articles/CBMigwJBVV95cUxPOVZPM3Iwa05ScGhSV0E4NURaQmh3R2pzU1VnLVJuTkdHQm9zMFBsWVV5RlR2OXo0eUVYMXFGbEJ3U0ZXbmRBQ18tTTBNUGZ2eWdaSWpQZG1lbWV1RHJWVU96Ym5TaUx4bUhyRThhbmp0S3VWXzRWcHVVMTRlNWFIakt4eEYzbmg1eVB1TGp6ZWVLbTNNZGRFb2xyWGFDVGxjS1pZT1RIY0U1M00zbGZZem9BV0RYVC1aY2ZtUnZSZGRvaGFta1I4cGhweU11ZG9lX1VVSm1veHhQLU1lUHVhSlEzQmlrRmZXeHJEdHNZOUtNZ3dfLUJXd2RjQ0tjMExiazU0?oc=5) · Roanoke Times
- 2014-08-01 [Lone Ranger Bandit Caught in Arkansas - kagstv.com](https://news.google.com/rss/articles/CBMikAFBVV95cUxPUDZuLU1vcnNrbU5CdVIteVFjbHNLVHQwWDZtdUxnd2RvN0ZrdXQ3Y08xeWRURHh1MHdmTGdkb0JOQy1Na2VzRGZVUjJLVFhTQkJmclltLWNTX0ZJQm5vWG9QaXZXV3Z0VkpKU1JCUFlJNVQxOENsRkowdlVNZGlQeWtTX21WZWFBa2pkLUV6M3c?oc=5) · kagstv.com
- 2024-02-04 [Did a former CEO cause the collapse of a Roanoke Valley credit union? - Roanoke Times](https://news.google.com/rss/articles/CBMimAFBVV95cUxPMUFvTnVURHpFZ2FwR2l4T1Z1bkR4SmU0VHdRdmJjUUd3eTlzZVNyYkwtemFfZURCYzZRMnI3djlubHl5TnhlRzkzUURpM1pxUGpsRTVKMElzUW5YSTByeXRVZXFjTHFpWkJreGcxMzNEUmVNd2lsWFZ1NVdwbXpYOXJycnpjSWlLNFk4VmR4eFRxZmRmSVVGbQ?oc=5) · Roanoke Times
- 2019-06-18 [[Update: 8 more banks] Google Pay adds 57 US banks and credit unions to its already enormous support list - androidpolice.com](https://news.google.com/rss/articles/CBMiwgFBVV95cUxPSjhTQUN1SFZQZDB1ekU5cHJlM201ckRZcllldUJhd1JxaVhqc1lnVzVQaW9jZEJ2M2dNd1ZVVjlUclhITE45eXE1N043Mk1sNkJfTW5JYmhRRy1rWEY5bU5tN1p6S1ZjbmZxTzNveDhNaVF2eGFGMUJROFhOTkIwdE5RRWkxRFN0UFlobmJNajZJcDROSmhES0c3WE1kWHhJckh2bExsc0IzaG1LWDVEYlg3amZKYWdOMFBkYzNNdVo2Zw?oc=5) · androidpolice.com

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=5486 (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/46.json (key "5486", 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=5486
- 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