# INSTEP
New Orleans, LA · NCUA charter 60842 · asset band <$50M · latest filing 2023-09 · stopped filing after 2023-09 (departed; for a credit union that is almost always a merger)
Share link (named URL with a preview card): https://getbookiq.com/cu/instep-60842

Who the members are: state charter, organized 1948, low-income designated. 5,114 members of 15,000 potential (34.1% of the field); checking penetration 77% (share draft accounts per 100 members); loans per 100 members 67.

**Verdict on the desk:** this could be *stressed*. Composite score 6 of 18 (one point per flag across 17 flags, capital below 7% counted twice).

## What the filing shows

| Measure | Value |
|---|---|
| Total assets | $48.5M |
| Members | 5,114 (-4.7% YoY) |
| Full-time staff | 23 |
| Net worth | $8.1M |
| Net worth ratio | 16.6% (p69 of band) |
| ROA (annualized) | 0.66% (p52 of band) |
| Total delinquency | 1.77% (p77 of band) |
| Net charge-offs (annualized) | 1.15% (p90 of band) |
| Loans / shares | 90% (p84 of band) |
| Cash / assets | 14.3% |
| Borrowings / assets | 0.00% |
| Net interest margin | 4.87% (p89 of band) |
| Operating expense / assets | 8.35% (p98 of band) |
| Vehicles % of loans | 68% (p61 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 0% |
| Third-party paper % of net worth | 0% (p43 of band) |
| Vehicle delinquency | 1.78% (p79 of band) |
| Vehicle NCO | 0.93% (p91 of band) |
| Repossessed % of vehicle book | 0.35% (p96 of band) |
| Real estate % of loans | 2% |
| Credit cards % of loans | 8% |
| Unsecured % of loans | 20% |
| Commercial % of net worth | 0% |
| Core shares % of member funds | 92% |
| Certificates % of member funds | 5% |
| Average share balance | $3,991 |
| Participations bought / yr | $0 |
| Participations sold / yr | $0 |
| Participations outstanding | – |
| Loans outstanding per 100 members | 67% |
| Loans granted per 100 members, annualized | 20% |
| Average loan balance | $10,514 |
| Loans granted, annualized | $15.3M |

## Flags firing in the latest filing

- **expense trap** (`earn_opex`)
- **delinquency 2x band** (`aq_dq_high`)
- **charge-offs p90** (`aq_nco_high`)
- **assets shrinking** (`shrink_assets`)
- **members leaving** (`shrink_members`)
- **auto monoline** (`str_vehicle`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 5 | thin capital, expense trap, charge-offs p90, repo signal, auto monoline |  |
| 2016-06 | 3 |  | charge-offs p90, repo signal |
| 2016-09 | 4 | repo signal |  |
| 2016-12 | 2 |  | thin capital, repo signal |
| 2017-03 | 3 | thin capital |  |
| 2017-06 | 2 |  | thin capital |
| 2017-09 | 3 | delinquency rising |  |
| 2017-12 | 3 | delinquency 2x band | delinquency rising |
| 2018-03 | 3 | repo signal | delinquency 2x band |
| 2018-06 | 5 | net worth falling, charge-offs p90 |  |
| 2018-09 | 4 | delinquency 2x band | repo signal, net worth falling |
| 2018-12 | 5 | repo signal |  |
| 2019-03 | 6 | delinquency rising, members leaving | repo signal |
| 2019-06 | 6 | repo signal | delinquency rising |
| 2019-09 | 5 |  | delinquency 2x band |
| 2019-12 | 6 | delinquency 2x band |  |
| 2020-03 | 3 |  | charge-offs p90, members leaving, delinquency 2x band |
| 2020-06 | 2 |  | repo signal |
| 2020-09 | 3 | repo signal |  |
| 2020-12 | 2 |  | repo signal |
| 2021-03 | 4 | margin squeeze, charge-offs p90 |  |
| 2021-06 | 5 | net worth falling |  |
| 2021-09 | 5 |  |  |
| 2021-12 | 4 |  | net worth falling |
| 2022-03 | 3 |  | charge-offs p90 |
| 2022-06 | 3 | delinquency 2x band | margin squeeze |
| 2022-09 | 5 | delinquency rising, charge-offs p90 |  |
| 2022-12 | 5 | repo signal | charge-offs p90 |
| 2023-03 | 7 | charge-offs p90, assets shrinking, members leaving | repo signal |
| 2023-06 | 5 |  | delinquency rising, charge-offs p90 |
| 2023-09 | 6 | charge-offs p90 |  |

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

- 2025-11-11 [SHONNA MARIA GUILLORY LLOYD Obituary Nov 11, 2025 - davismortuaryservice.com](https://news.google.com/rss/articles/CBMibEFVX3lxTE9VRXcxSlJhVnpUN3RBYl85blZ2QVhKMFNrZUpQMjhuUXJha3dUcVZtXzRpWFdOUVdUS1RTdm1IRzJ1VG5xSWZkcGlObFlsemJER3luR1J3ZGtWVm8wZUdaRnpuVWR1TnNid3NBVg?oc=5) · davismortuaryservice.com
- 2026-01-12 [Luminate announces 2026 board officers following annual elections - CUInsight](https://news.google.com/rss/articles/CBMiqgFBVV95cUxPdWN2M1FWcnBENk5kclhJUFJxQTNTbEUzMVhUMXg2eHlPNG5aTGh6Wl9pa19OZjl1Ui1hNG1MaVRNMXZ4WTRBMTZ3OGNWVFJ5cHFBUGhzLVlmZl94WmJVMVkxRUFGRHJ5Q0lQSXNFb2lRLTNWY2oxdGJTYjlsN2VVX3lKVXBUc1dJZ3poX0lhN01DdGZZalpLX2dsZmY0dEVfNXBESTEtRkUwUQ?oc=5) · CUInsight
- 2023-02-12 [Louisiana Credit Union League names board members - NOLA.com](https://news.google.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?oc=5) · NOLA.com

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=60842 (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/42.json (key "60842", 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=60842
- 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