# SPIRIT FINANCIAL
LEVITTOWN, PA · NCUA charter 60369 · asset band $50-100M · latest filing 2026-03 · live
Share link (named URL with a preview card): https://getbookiq.com/cu/spirit-financial-60369

Who the members are: state charter, organized 1953. 3,725 members of 646,098 potential (0.6% of the field); checking penetration 66% (share draft accounts per 100 members); loans per 100 members 180.

**Verdict on the desk:** this could be *participation buyer*. Composite score 3 of 18 (one point per flag across 17 flags, capital below 7% counted twice).

## What the filing shows

| Measure | Value |
|---|---|
| Total assets | $68.8M |
| Members | 3,725 (-6.4% YoY) |
| Full-time staff | 9 |
| Net worth | $9.0M |
| Net worth ratio | 13.1% (p53 of band) |
| ROA (annualized) | -0.36% (p7 of band) |
| Total delinquency | 0.94% (p69 of band) |
| Net charge-offs (annualized) | 1.05% (p89 of band) |
| Loans / shares | 51% (p32 of band) |
| Cash / assets | 5.4% |
| Borrowings / assets | 0.00% |
| Net interest margin | 2.56% (p5 of band) |
| Operating expense / assets | 3.47% (p47 of band) |
| Vehicles % of loans | 15% (p8 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 46% |
| Third-party paper % of net worth | 63% (p79 of band) |
| Vehicle delinquency | 0.40% (p42 of band) |
| Vehicle NCO | 0.95% (p80 of band) |
| Repossessed % of vehicle book | 0.00% (p38 of band) |
| Real estate % of loans | 77% |
| Credit cards % of loans | 0% |
| Unsecured % of loans | 7% |
| Commercial % of net worth | 0% |
| Core shares % of member funds | 60% |
| Certificates % of member funds | 22% |
| Average share balance | $7,560 |
| Participations bought / yr | $6.2M |
| Participations sold / yr | $0 |
| Participations outstanding | $5.1M |
| Loans outstanding per 100 members | 180% |
| Loans granted per 100 members, annualized | 251% |
| Average loan balance | $4,539 |
| Loans granted, annualized | $9.1M |

## Participation posture (from the same filings)

Bought $6.2M and sold $0 in the latest annualized quarter; $5.1M outstanding purchased (56.7% of net worth), $0 sold and retained. Sold in 0 and bought in 4 of the last 8 quarters. Shares -1.0% year over year.

## Flags firing in the latest filing

- **losing money** (`earn_negative`)
- **delinquency rising** (`aq_dq_rising`)
- **members leaving** (`shrink_members`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 1 | losing money |  |
| 2016-06 | 0 |  | losing money |
| 2016-09 | 0 |  |  |
| 2016-12 | 0 |  |  |
| 2017-03 | 2 | net worth falling, members leaving |  |
| 2017-06 | 1 |  | members leaving |
| 2017-09 | 1 | loan book shrinking | net worth falling |
| 2017-12 | 0 |  | loan book shrinking |
| 2018-03 | 0 |  |  |
| 2018-06 | 1 | net worth falling |  |
| 2018-09 | 0 |  | net worth falling |
| 2018-12 | 0 |  |  |
| 2019-03 | 1 | net worth falling |  |
| 2019-06 | 1 |  |  |
| 2019-09 | 0 |  | net worth falling |
| 2019-12 | 0 |  |  |
| 2020-03 | 0 |  |  |
| 2020-06 | 1 | net worth falling |  |
| 2020-09 | 1 |  |  |
| 2020-12 | 1 |  |  |
| 2021-03 | 1 |  |  |
| 2021-06 | 0 |  | net worth falling |
| 2021-09 | 0 |  |  |
| 2021-12 | 0 |  |  |
| 2022-03 | 0 |  |  |
| 2022-06 | 0 |  |  |
| 2022-09 | 0 |  |  |
| 2022-12 | 0 |  |  |
| 2023-03 | 1 | charge-offs p90 |  |
| 2023-06 | 0 |  | charge-offs p90 |
| 2023-09 | 1 | charge-offs p90 |  |
| 2023-12 | 0 |  | charge-offs p90 |
| 2024-03 | 3 | net worth falling, delinquency rising, charge-offs p90 |  |
| 2024-06 | 3 | losing money | delinquency rising |
| 2024-09 | 3 | delinquency rising | net worth falling |
| 2024-12 | 3 | assets shrinking | delinquency rising |
| 2025-03 | 1 |  | charge-offs p90, losing money |
| 2025-06 | 3 | delinquency rising, charge-offs p90 |  |
| 2025-09 | 2 | members leaving | assets shrinking, delinquency rising |
| 2025-12 | 5 | delinquency rising, assets shrinking, loan book shrinking |  |
| 2026-03 | 3 | losing money | charge-offs p90, assets shrinking, loan book shrinking |

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

- 2025-12-21 [Member-owned Spirit Financial grew with Levittown. Should it sell to a national credit union? - Inquirer.com](https://news.google.com/rss/articles/CBMikgFBVV95cUxNVHNxbFZuakVQODJNV2Fva3EtNkdqUjVQc1VlTkZnTWpzUjlwVjRQZW13ckhsNC1od080X2g2Y01oWTN3VUNVQXRQSVA1N1Q5a0l1di1pX2I0aVhjb1o2bU5MZDItdDNuZElxRE1GZW5PaXJGOWkxT3E5aWRkZi15YlBsd0VUS0plZVg0cGtMZmY5dw?oc=5) · Inquirer.com
- 2025-03-26 [FLEX converts eight credit unions to its core processing tech - FinTech Futures](https://news.google.com/rss/articles/CBMiwwFBVV95cUxNYkg4QnV6Y25XZVZ5c09PeGNGeDJvNElhb2RHRGFZRXJXV1VWMHo2cG05dHlDdGYxXzI5OHV3c01FTFpydlFLVFJDWWhPOVBIOXpKZUZ6VHAwUmFxZGs2WEpBSW5idEJHa2pNVTdUYTBzdnhPVk9ZTUtZNDY0UDdleEdSWEM1ZVZobDJLb2VWSnRYell3Q1BlbC1lZkZsUmgxRnNQWmJPdkRuc3ZXRzBoUEw2RDgtd2pZc19pdFM3X3F3Y1E?oc=5) · FinTech Futures
- 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
- 2025-05-17 [Obituary information for Thomas "TP" C. Parsons - Life Celebration by Givnish](https://news.google.com/rss/articles/CBMiggFBVV95cUxPVnk1VzRmTlhOYVN4R3MwRkt2TEZyZklZTDc4aVlEbEhwdEYzYUJEVEljUTRCdmIxejhiRFYxSDN0MFlsUWJDcTR0V19ReWxneUlnS0FXWFBNaFdOTVhFVXZPNGYwd21LeFhybjU2aHV2Q3ZGelI3UW1OdjZlQ2d3cUJB?oc=5) · Life Celebration by Givnish
- 2019-07-11 [Bicyclist, Motorcyclist Injured In Serious Falls Crash - Patch](https://news.google.com/rss/articles/CBMilgFBVV95cUxNWlcwWTZiZ2JoWUMyMW5seWMzNE5nTzMzYXI5TklUYzltSl9vemJkT3M4MWg3ZHNiRmdHa1RrZlVaWDBMQXZRNm9oUTVTSm1aaUpta2htd01DZkQ1WDBhbHV4UWhVdENfdjduUFcyMmQxWmZ1QkQtcG5MdzVDdTFQTlBHYm92MGF6cEQxdEIzYmhXVDdqTHc?oc=5) · Patch

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=60369 (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/17.json (key "60369", 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=60369
- 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