# MUTUAL SAVINGS
Birmingham, AL · NCUA charter 60501 · asset band $200-500M · latest filing 2026-03 · live
Share link (named URL with a preview card): https://getbookiq.com/cu/mutual-savings-60501

Who the members are: state charter, organized 1936, low-income designated. 19,012 members of 830,000 potential (2.3% of the field); checking penetration 60% (share draft accounts per 100 members); loans per 100 members 31.

**Verdict on the desk:** this could be *ordinary*. Composite score 4 of 18 (one point per flag across 17 flags, capital below 7% counted twice).

## What the filing shows

| Measure | Value |
|---|---|
| Total assets | $244.5M |
| Members | 19,012 (-1.1% YoY) |
| Full-time staff | 70 |
| Net worth | $21.8M |
| Net worth ratio | 8.9% (p13 of band) |
| ROA (annualized) | 0.19% (p15 of band) |
| Total delinquency | 0.44% (p35 of band) |
| Net charge-offs (annualized) | 0.32% (p44 of band) |
| Loans / shares | 68% (p37 of band) |
| Cash / assets | 10.0% |
| Borrowings / assets | 0.00% |
| Net interest margin | 3.34% (p35 of band) |
| Operating expense / assets | 4.83% (p91 of band) |
| Vehicles % of loans | 21% (p23 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 35% |
| Third-party paper % of net worth | 59% (p43 of band) |
| Vehicle delinquency | 0.65% (p56 of band) |
| Vehicle NCO | 0.94% (p67 of band) |
| Repossessed % of vehicle book | 0.04% (p59 of band) |
| Real estate % of loans | 65% |
| Credit cards % of loans | 1% |
| Unsecured % of loans | 4% |
| Commercial % of net worth | 43% |
| Core shares % of member funds | 61% |
| Certificates % of member funds | 28% |
| Average share balance | $5,843 |
| Participations bought / yr | $6.2M |
| Participations sold / yr | $0 |
| Participations outstanding | $6.3M |
| Loans outstanding per 100 members | 31% |
| Loans granted per 100 members, annualized | 12% |
| Average loan balance | $25,115 |
| Loans granted, annualized | $31.4M |

## Participation posture (from the same filings)

Bought $6.2M and sold $0 in the latest annualized quarter; $6.3M outstanding purchased (28.7% of net worth), $0 sold and retained. Sold in 0 and bought in 5 of the last 8 quarters. Shares 0.4% year over year.

## Flags firing in the latest filing

- **thin capital** (`cap_low`)
- **net worth falling** (`cap_falling`)
- **expense trap** (`earn_opex`)
- **delinquency rising** (`aq_dq_rising`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 5 | thin capital, losing money, expense trap, repo signal, leaning on borrowings |  |
| 2016-06 | 3 |  | thin capital, losing money |
| 2016-09 | 5 | thin capital, delinquency 2x band |  |
| 2016-12 | 2 |  | repo signal, thin capital, delinquency 2x band |
| 2017-03 | 4 | thin capital, members leaving |  |
| 2017-06 | 3 |  | thin capital |
| 2017-09 | 4 | assets shrinking |  |
| 2017-12 | 6 | delinquency 2x band, repo signal |  |
| 2018-03 | 5 |  | repo signal |
| 2018-06 | 4 |  | assets shrinking |
| 2018-09 | 4 |  |  |
| 2018-12 | 4 |  |  |
| 2019-03 | 2 |  | leaning on borrowings, members leaving |
| 2019-06 | 1 |  | delinquency 2x band |
| 2019-09 | 1 |  |  |
| 2019-12 | 1 |  |  |
| 2020-03 | 2 | losing money |  |
| 2020-06 | 5 | thin capital, net worth falling, margin squeeze |  |
| 2020-09 | 5 |  |  |
| 2020-12 | 5 |  |  |
| 2021-03 | 4 |  | losing money |
| 2021-06 | 3 |  | margin squeeze |
| 2021-09 | 3 | members leaving | net worth falling |
| 2021-12 | 3 |  |  |
| 2022-03 | 3 |  |  |
| 2022-06 | 4 | assets shrinking |  |
| 2022-09 | 1 |  | thin capital, members leaving, assets shrinking |
| 2022-12 | 3 | thin capital, members leaving |  |
| 2023-03 | 5 | net worth falling, delinquency rising |  |
| 2023-06 | 4 |  | net worth falling |
| 2023-09 | 4 |  |  |
| 2023-12 | 5 | leaning on borrowings |  |
| 2024-03 | 3 | net worth falling | expense trap, delinquency rising, leaning on borrowings |
| 2024-06 | 4 | expense trap |  |
| 2024-09 | 3 |  | net worth falling |
| 2024-12 | 2 |  | thin capital |
| 2025-03 | 3 | thin capital |  |
| 2025-06 | 3 |  |  |
| 2025-09 | 3 | repo signal | thin capital |
| 2025-12 | 1 |  | members leaving, repo signal |
| 2026-03 | 4 | thin capital, net worth falling, delinquency rising |  |

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

- 2025-11-19 ['I just want to be able to walk': Make-A-Wish grants trip of a lifetime to Alabama teen - WBMA](https://news.google.com/rss/articles/CBMitgFBVV95cUxOczI4Zi1zdkJlRVc2T1o1RGxyUGxIQnhxbUpkVjNaOEVkc01reFlIcjA4OXJRR24tb1NPSHowdlJVRUtZSkF1YWdLUVhWVnZJZ2Y3cFE4YWVkemlKOWlURk9OS21iN3VFYW9wZmZTdmdkeXJLdmxqMHByQ0EwaDNyMUktVS1jN1Jwa1ZrUkk4RVl6SGVxUUljUTNOaXBseGRCSk9ib2tFRG40NzVZZlEyOWRyYmJOZw?oc=5) · WBMA
- 2026-07-07 [Wanda Willingham Hogan Obituary (2026) - Buchanan, GA - Patterson-Forest Grove Funeral Home & Crematory - legacy.com](https://news.google.com/rss/articles/CBMif0FVX3lxTE9MZDVvNDhsUm1XM2xaenF4SnJDS2ZTazBhdnVqRVptakhKN1JlT2U3SVluZ0d6aWwwM2N0TXktNWVlaXh1NG5PMDhSMklFQ3ozNll2S0dKVXpBYmZUNEJKeTBPMXRIbHZZdjdZTzh2dGpUR01UWWdGOG1Vei16VnM?oc=5) · legacy.com
- 2025-06-17 [Jasper branch, other growth follows Southern Energy rebrand for APCO - The Business Journals](https://news.google.com/rss/articles/CBMirgFBVV95cUxOZHJzRUw1R1M2QW9mSk1LanZ6RjFKZnMxQmpxM3kwNFc5aUR1VW5wUXUxTGRsSkxWVXB4Zm4xaktVSUVrRmh3a0dIRGFuRjBqc09lb3FPUWI3a25ncGVBcllualFkZkhyYy1QZ0NkZk90QU5nNkVZN2N5OFhXdVVZTTVBTjE5S2R6cTU3QUVpcGVJUzZhbGFIYVRfdGp0bzItOEhKZzV5VVVEclhPaUE?oc=5) · The Business Journals
- 2016-10-29 [Conversion of Credit Union Charter to Mutual Savings Bank Charter: Current Legal Process and Congressional Response - everycrsreport.com](https://news.google.com/rss/articles/CBMiYEFVX3lxTE1DRHVyajNsUDdoaVV5QVB5bmVzRGhtN2RCZnpQRmZxUGNSZXRIdlBhV2dMLU80Q19iQXhWUnJVeEVuM3N1bDhyWDU2TlR5bnFRVW1jamRBeU5YZTVNaVlFbw?oc=5) · everycrsreport.com
- 2020-08-26 [Mutual Savings CU names new president/CEO - American Banker](https://news.google.com/rss/articles/CBMilAFBVV95cUxPMml3MHg4VFJOUExRbi1BV241MEUzM2s2Y0t1TlNjeHgwRUJtMVJ1eTc4bGV5TXB1NWVNdjFxNDRMdkJyUGNKMG1jQldiejdndUUyNjNvUGdlVDMtUWJLUFNlWGVtYjN2VGd2M09xYVlwV3c1cEFFZ1VqWnlkZERIYjJhN1Z0RnA2VTdVZVpvLWtRclhD?oc=5) · American Banker
- 2023-02-10 [New member profile: Rep. Mike Shaw - Alabama Daily News](https://news.google.com/rss/articles/CBMiaEFVX3lxTFBLOFpWRjBtRGs3ZU14bHpncVgwY19venh4VkV0Vld0N25UamxLeWRtOG1vS0ZkUnFOaWNOMHJyaUN6eGhJVXFXS3dqWk5pcFloMDlvWEJQTHl0SmtPTmJFOEpiR0ZYcUVX?oc=5) · Alabama Daily News
- 2025-02-25 [APCO Employees Credit Union rebranding to Southern Energy Cr... - The Clanton Advertiser](https://news.google.com/rss/articles/CBMitwFBVV95cUxQTVlVdUtaN2o3VjFIVjZJanFvT0VEUG5nbGJaSU5fNHZ3OEwzT3Z5NkNoQUpfQmZaVHBfQmxuUjNDSmpiN2lBODZyRkFMcjZSTXBPLXh1aUo1bHQ2YmdSVFo1ZVdad2VBUTA2QTdGU3RFRjBJNkhaNWhiOEd0MEN6TGx1aEREWGlqQXlmRkVtR0w5YUNxQUZ4cnphcDhMc1RqUDg3QnhNUGpSSnVkUTFzM1VfdDFBTEE?oc=5) · The Clanton Advertiser
- 2025-03-06 [Hoover Business Happenings March 2025 - HooverSun.com](https://news.google.com/rss/articles/CBMie0FVX3lxTE5LRE40TDhFeC05Vk9tTW5QT3hQUThiM0VDak9UR3F6X0xNTHNBR2k4Zlp1R3RXcnJveWRNU3dsMHEtRHdpRUg1ZF9UaU1OSW9PTl9ubzVtem9sS05iMmlUemN1alpPOE5XTXpxSXJNRnE1d2E0VHBYb2dnd9IBhgFBVV95cUxPLXpPMVREZTZGdWNNV3dJUl9rZW80TXNxdXphbnRWUmt4UU5RTmdCSDFTRGtiSzkyV3BZczRoVWhZMUJIOENNWTMzb044cnlIeU5xMGlIWjRaUGRqWnIxR1hwY2Nfa2kyN1RuVWhuVFEzNGNHT3ZkblpMZkJDcGQxUEtzczItUQ?oc=5) · HooverSun.com

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=60501 (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/21.json (key "60501", 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=60501
- 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