# SPARTANBURG CITY EMPLOYEES
SPARTANBURG, SC · NCUA charter 60769 · asset band <$50M · latest filing 2020-06 · stopped filing after 2020-06 (departed; for a credit union that is almost always a merger)
Share link (named URL with a preview card): https://getbookiq.com/cu/spartanburg-city-employees-60769

Who the members are: state charter, organized 1961, low-income designated. 694 members of 1,280 potential (54.2% of the field); checking penetration 0% (share draft accounts per 100 members); loans per 100 members 63.

**Verdict on the desk:** this could be *stressed*. Composite score 8 of 18 (one point per flag across 17 flags, capital below 7% counted twice).

## What the filing shows

| Measure | Value |
|---|---|
| Total assets | $7.5M |
| Members | 694 (-4.1% YoY) |
| Full-time staff | 1 |
| Net worth | $1.2M |
| Net worth ratio | 15.7% (p67 of band) |
| ROA (annualized) | -2.02% (p3 of band) |
| Total delinquency | 10.65% (p97 of band) |
| Net charge-offs (annualized) | 1.03% (p87 of band) |
| Loans / shares | 76% (p82 of band) |
| Cash / assets | 37.2% |
| Borrowings / assets | 0.00% |
| Net interest margin | 2.78% (p38 of band) |
| Operating expense / assets | 1.74% (p10 of band) |
| Vehicles % of loans | 84% (p93 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 0% |
| Third-party paper % of net worth | 0% (p45 of band) |
| Vehicle delinquency | 9.88% (p98 of band) |
| Vehicle NCO | 0.92% (p87 of band) |
| Repossessed % of vehicle book | 0.00% (p45 of band) |
| Real estate % of loans | 0% |
| Credit cards % of loans | 0% |
| Unsecured % of loans | 9% |
| Commercial % of net worth | 0% |
| Core shares % of member funds | 50% |
| Certificates % of member funds | 41% |
| Average share balance | $7,408 |
| Participations bought / yr | $0 |
| Participations sold / yr | $0 |
| Participations outstanding | – |
| Loans outstanding per 100 members | 63% |
| Loans granted per 100 members, annualized | 3% |
| Average loan balance | $10,867 |
| Loans granted, annualized | $12,334 |

## Flags firing in the latest filing

- **net worth falling** (`cap_falling`)
- **losing money** (`earn_negative`)
- **delinquency 2x band** (`aq_dq_high`)
- **delinquency rising** (`aq_dq_rising`)
- **assets shrinking** (`shrink_assets`)
- **members leaving** (`shrink_members`)
- **loan book shrinking** (`shrink_loans`)
- **auto monoline** (`str_vehicle`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 1 | auto monoline |  |
| 2016-06 | 1 |  |  |
| 2016-09 | 3 | net worth falling, losing money |  |
| 2016-12 | 3 |  |  |
| 2017-03 | 3 |  |  |
| 2017-06 | 3 |  |  |
| 2017-09 | 3 | delinquency rising | net worth falling |
| 2017-12 | 4 | members leaving |  |
| 2018-03 | 3 | loans>95% of shares | losing money, members leaving |
| 2018-06 | 4 | net worth falling |  |
| 2018-09 | 3 |  | delinquency rising |
| 2018-12 | 4 | leaning on borrowings |  |
| 2019-03 | 4 |  |  |
| 2019-06 | 6 | margin squeeze, delinquency 2x band, delinquency rising | loans>95% of shares |
| 2019-09 | 4 | loans>95% of shares | net worth falling, leaning on borrowings, margin squeeze |
| 2019-12 | 3 |  | loans>95% of shares |
| 2020-03 | 5 | losing money, margin squeeze |  |
| 2020-06 | 8 | net worth falling, assets shrinking, members leaving, loan book shrinking | margin squeeze |

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

- 2022-04-12 [Albert "Tilly" Tillotson Obituary Apr 12, 2022 - The J. M. Dunbar Funeral Home & Crematory](https://news.google.com/rss/articles/CBMiYkFVX3lxTFBXcU5JTEpVSXhFbTVGdWlKTUVfY2ZIWDZtUURWaFJvV3RwLWVhb2VmZ05DUDlpNExPYjljaGxtX2hQNkJoRktoTmlMaEF6S1RsdnRZTDAyWE9KcHVpUFBlNzFn?oc=5) · The J. M. Dunbar Funeral Home &amp; Crematory
- 2021-10-04 [KRISTY TALANGES Obituary (2018) - Roebuck, SC - Union Daily Times - legacy.com](https://news.google.com/rss/articles/CBMimgFBVV95cUxNSFNqYkdqdmZkTnEwM1R0cnN4N1I0dHVKWjJadGNiMEZsYnJnRl9xcFY1d3BuN0FIaGtyYkg3X3I5VmZsdjNOOUJSZTdFWGZSbUYwMHF4TVlMMnJtalZsakJvSUNTbzM4WUxkejJjelV0eG1tSDNCUjZBc2d3RnNjQXF6cUV3Szk2NEJwNjh2WVplQ1d5YXV4OUtn?oc=5) · legacy.com

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=60769 (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/33.json (key "60769", 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=60769
- 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.

---
Rendered 2026-09-10 from the desks' own data files. Full guide: https://getbookiq.com/guide