# ALABAMA
TUSCALOOSA, AL · NCUA charter 60823 · asset band $1-10B · latest filing 2026-03 · live
Share link (named URL with a preview card): https://getbookiq.com/cu/alabama-60823

Who the members are: state charter, organized 1956, low-income designated. 152,671 members of 1,300,000 potential (11.7% of the field); checking penetration 60% (share draft accounts per 100 members); loans per 100 members 53.

**Verdict on the desk:** this could be *indirect buyer*. Composite score 2 of 18 (one point per flag across 17 flags, capital below 7% counted twice).

## What the filing shows

| Measure | Value |
|---|---|
| Total assets | $2.06B |
| Members | 152,671 (4.1% YoY) |
| Full-time staff | 384 |
| Net worth | $205.5M |
| Net worth ratio | 10.0% (p33 of band) |
| ROA (annualized) | 0.68% (p48 of band) |
| Total delinquency | 0.79% (p67 of band) |
| Net charge-offs (annualized) | 0.55% (p56 of band) |
| Loans / shares | 86% (p48 of band) |
| Cash / assets | 9.3% |
| Borrowings / assets | 4.78% |
| Net interest margin | 2.58% (p12 of band) |
| Operating expense / assets | 3.63% (p72 of band) |
| Vehicles % of loans | 16% (p22 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 79% |
| Third-party paper % of net worth | 375% (p93 of band) |
| Vehicle delinquency | 2.89% (p99 of band) |
| Vehicle NCO | 2.35% (p90 of band) |
| Repossessed % of vehicle book | 1.03% (p100 of band) |
| Real estate % of loans | 18% |
| Credit cards % of loans | 1% |
| Unsecured % of loans | 6% |
| Commercial % of net worth | 203% |
| Core shares % of member funds | 42% |
| Certificates % of member funds | 33% |
| Average share balance | $6,616 |
| Participations bought / yr | $0 |
| Participations sold / yr | $13.4M |
| Participations outstanding | $76.3M |
| Loans outstanding per 100 members | 53% |
| Loans granted per 100 members, annualized | 7% |
| Average loan balance | $19,257 |
| Loans granted, annualized | $325.2M |

## Participation posture (from the same filings)

Bought $0 and sold $13.4M in the latest annualized quarter; $76.3M outstanding purchased (37.2% of net worth), $122.6M sold and retained. Sold in 7 and bought in 3 of the last 8 quarters. Shares 4.4% year over year.

## Flags firing in the latest filing

- **repo signal** (`aq_repo`)
- **3rd-party paper>100% NW** (`str_thirdparty`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 1 | repo signal |  |
| 2016-06 | 1 |  |  |
| 2016-09 | 1 |  |  |
| 2016-12 | 1 |  |  |
| 2017-03 | 1 |  |  |
| 2017-06 | 1 |  |  |
| 2017-09 | 1 |  |  |
| 2017-12 | 0 |  | repo signal |
| 2018-03 | 0 |  |  |
| 2018-06 | 0 |  |  |
| 2018-09 | 0 |  |  |
| 2018-12 | 1 | delinquency rising |  |
| 2019-03 | 2 | repo signal |  |
| 2019-06 | 2 | net worth falling | delinquency rising |
| 2019-09 | 1 |  | net worth falling |
| 2019-12 | 1 |  |  |
| 2020-03 | 2 | net worth falling |  |
| 2020-06 | 2 |  |  |
| 2020-09 | 1 |  | repo signal |
| 2020-12 | 2 | thin capital |  |
| 2021-03 | 3 | 3rd-party paper>100% NW |  |
| 2021-06 | 3 |  |  |
| 2021-09 | 0 |  | net worth falling, thin capital, 3rd-party paper>100% NW |
| 2021-12 | 0 |  |  |
| 2022-03 | 2 | net worth falling, 3rd-party paper>100% NW |  |
| 2022-06 | 2 |  |  |
| 2022-09 | 3 | delinquency rising, leaning on borrowings | net worth falling |
| 2022-12 | 4 | delinquency 2x band |  |
| 2023-03 | 7 | net worth falling, repo signal, loans>95% of shares |  |
| 2023-06 | 7 |  |  |
| 2023-09 | 7 |  |  |
| 2023-12 | 6 |  | net worth falling |
| 2024-03 | 5 | losing money | delinquency rising, loans>95% of shares |
| 2024-06 | 4 |  | delinquency 2x band |
| 2024-09 | 5 | delinquency 2x band |  |
| 2024-12 | 4 | members leaving | losing money, delinquency 2x band |
| 2025-03 | 4 |  |  |
| 2025-06 | 5 | loans>95% of shares |  |
| 2025-09 | 3 |  | members leaving, loans>95% of shares |
| 2025-12 | 3 |  |  |
| 2026-03 | 2 |  | leaning on borrowings |

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

- 2026-03-25 [Inside Alabama’s credit union movement - Business Alabama Magazine](https://news.google.com/rss/articles/CBMidEFVX3lxTE0xbDYwZ3JkY0JMaXNPSmlMU21DZF9VSHg1TGRnVG5YQUVTUTFncThEbzlqN3JDOERBMXRwT2h5ajhQLTRlNTAzU1RrUDhLZ2lKYUd0NHBDNlZidEU2RDJnbGJoVXBvRVEycUhhbDVXd21QZWtI?oc=5) · Business Alabama Magazine
- 2026-02-10 [Alabama-owned credit union acquires 2 state locations - AL.com](https://news.google.com/rss/articles/CBMimgFBVV95cUxOY1RpY0xLLU50LUE5MFllYmZybnhLcjVqZzVDWmM4bFZqcDdDeWM1NmFzOVpJRld1RWZlWFpRR20zNkNNbm5WSE5nY0Zia1FCZmxBMVBYN0JYbkUzS2Q3Wm9ER3BidXFKY2N0c2ZCdEJVQldGX3Rxd2pzY3BTWG1GLVhrY09sN18tYjNTSE5WbmRRdGdXRHpKX1Vn?oc=5) · AL.com
- 2026-03-27 [Man With Life-Threatening Gunshot Wounds Walks Into Alabama Credit Union - cutoday.info](https://news.google.com/rss/articles/CBMirgFBVV95cUxObnhUYmN0RUZYdGkyWmt6OVlyTFpnaE5xR1B0cWZTS1ZNUFdqdGp4bjhieC1wMzg5TnpBcDhsaU5qem9oZENNUXNHbm0tNnVyWXU5a0J6LV9pRlZET1ZfeURscy1GWUthdlJFbjZ3ZU1BRTAzS0pVVFUzUy1wZlJlVXhKcWQyWW1mblRXaUNEY2lfWXd5eFkyaFJkNGp2ZW1HNlVab1hWdC14Wk8yNWc?oc=5) · cutoday.info
- 2026-02-18 [Alabama ONE Credit Union Acquires Peoples Independent Bank - Patch](https://news.google.com/rss/articles/CBMimwFBVV95cUxQczUzdmZjLXhSb0xoYjlUUnZpUk5HUzByQ0pjaHRKNm1BNkYtaEU4OE1XeUVOSmktRGxYVFhUbmYtbFFZdlhtM1FLcmo3OS1SMG5ZLXd2dFdmYVhSQlg0bXE3UmtlZE9pN3NzZEdsZ0cxZENVa1pmSGJhd2pvRnU0WGNFYnVTMzZnLThMbEZfTGozWUw1VGxVNzA5Zw?oc=5) · Patch
- 2025-03-19 [Alabama credit union to acquire in-state community bank - Banking Dive](https://news.google.com/rss/articles/CBMixAFBVV95cUxNUFRGck4teWNkcy1xVV95WW1mTVNFbHd1cXNGSTk5dE5xYzNaSUNYblc1bHZzbjNuWjY2SFBRSEJrU2l0czNHbjRpREJVQUkzV2E5MXRwRGc5NU1FSjlXSmh2alJ4UjJGdzlQa0xJTXdkbDJSZVBrbVdmTjI2Y1h2OFpPbGstOUt3cXdGdXlBcG8weXFwWGN6TEx0Wm5WVFVwaTRITTc4U1NySk10cVdMb2lfendRQ0NoNGRxa0d4MHYyeVVi?oc=5) · Banking Dive
- 2025-05-09 [Announcements | - | Alabama Credit Union (ACU) offer for UAH employees | The University of Alabama in Huntsville - The University of Alabama in Huntsville](https://news.google.com/rss/articles/CBMinwFBVV95cUxOMHNNZ0xJVDdheW1MbWNCQXBLNXRqcFFNVmU4aEM4YW9MVFk3VnhNQjNjNVVHN2VFeE1HX25sYmRYWXNvSGYtNDFlOHRQUHpfMzNSUFhhTktkZ2ppOFVyX0pneEhYTEdkT1psWlhOeUd6X21vUEh3WjRBekpiWFd3RklJRFRwbEdWTkNYcE1ObW1mSVNLSFJoVW52UXE0VEE?oc=5) · The University of Alabama in Huntsville
- 2022-04-01 [Alabama Credit Union to acquire Security Federal Savings Bank of Jasper, Alabama - CUInsight](https://news.google.com/rss/articles/CBMivAFBVV95cUxQOERsRzBhNE1sdWlwckRtWFpCSHplVDV5UGJraW5TYnNOSkdMS1Zzd1Y5WmJYRGxXb0dKdEo1YnZQY09scVBUVkdUbFI3em1pQVBmR3BQMkRiQjhxNk1KQm1YOUpPeHg3YTF5Q3pqZDJWRDRjTVlRTHpWYXdnYmVQM05UdDRzLUVha3FidXZsQWVwc1EydlMwcGpJZEJJeFZjYkQxbUhXaHhma3RzUWVjUnkzYVFTNWNnVFRNQQ?oc=5) · CUInsight
- 2024-08-15 [Strike Out Hunger with Alabama Credit Union - fox10tv.com](https://news.google.com/rss/articles/CBMihgFBVV95cUxNSmRxQjV0Um94SV9rc1Q1R2ZQaEc1ZUlGdHo3cEhISFZ6SUdDRG03VzM3MkZzY1puMjBVN1FYRTlBRkNLNXBTVl9vUG83RXJRMnlhWWpjT2czSDJHV1NyTlJCWWhMRWpqZ2NPdXIwOUsta0c1Q0hSUUNnTmk5WjRZY2lUU1lMUdIBmgFBVV95cUxNbXhSc1VMeTd0dm91TS1zWmtReEI1emZyRFhTRnJDTF9OMXhXRGlnX2RBZ2lRMHE5Y2hvYXhMMC1SekV0eXlDT2NFRUpzYnhRQmc4YkE0UVAwZ01uN1BJS1BSVGIxUy1UblBnMkR0WmpOUURLODFLMEgtVUIwdzJ4ZVhfQnUtTVE5TTRjei14bGRiN2J1UnBlWm5R?oc=5) · fox10tv.com

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=60823 (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/23.json (key "60823", 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=60823
- 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