# SPACE CITY
Houston, TX · NCUA charter 61135 · asset band $100-200M · latest filing 2025-03 · stopped filing after 2025-03 (departed; for a credit union that is almost always a merger)
Share link (named URL with a preview card): https://getbookiq.com/cu/space-city-61135

Who the members are: state charter, organized 1965, low-income designated. 12,151 members of 444,264 potential (2.7% of the field); checking penetration 47% (share draft accounts per 100 members); loans per 100 members 46.

**Verdict on the desk:** this could be *ordinary*. 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 | $134.2M |
| Members | 12,151 (0.1% YoY) |
| Full-time staff | 39 |
| Net worth | $19.5M |
| Net worth ratio | 14.6% (p82 of band) |
| ROA (annualized) | 0.44% (p37 of band) |
| Total delinquency | 0.15% (p11 of band) |
| Net charge-offs (annualized) | 0.67% (p80 of band) |
| Loans / shares | 82% (p75 of band) |
| Cash / assets | 17.6% |
| Borrowings / assets | 0.00% |
| Net interest margin | 4.32% (p87 of band) |
| Operating expense / assets | 5.26% (p93 of band) |
| Vehicles % of loans | 57% (p81 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 0% |
| Third-party paper % of net worth | 0% (p15 of band) |
| Vehicle delinquency | 0.13% (p14 of band) |
| Vehicle NCO | 0.89% (p74 of band) |
| Repossessed % of vehicle book | 0.14% (p84 of band) |
| Real estate % of loans | 27% |
| Credit cards % of loans | 1% |
| Unsecured % of loans | 7% |
| Commercial % of net worth | 11% |
| Core shares % of member funds | 61% |
| Certificates % of member funds | 15% |
| Average share balance | $5,506 |
| Participations bought / yr | $0 |
| Participations sold / yr | $0 |
| Participations outstanding | – |
| Loans outstanding per 100 members | 46% |
| Loans granted per 100 members, annualized | 9% |
| Average loan balance | $16,618 |
| Loans granted, annualized | $20.3M |

## Flags firing in the latest filing

- **expense trap** (`earn_opex`)
- **assets shrinking** (`shrink_assets`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 1 | auto monoline |  |
| 2016-06 | 1 |  |  |
| 2016-09 | 1 |  |  |
| 2016-12 | 1 |  |  |
| 2017-03 | 2 | delinquency rising |  |
| 2017-06 | 1 |  | delinquency rising |
| 2017-09 | 1 |  |  |
| 2017-12 | 1 |  |  |
| 2018-03 | 1 |  |  |
| 2018-06 | 2 | expense trap |  |
| 2018-09 | 2 |  |  |
| 2018-12 | 3 | repo signal |  |
| 2019-03 | 2 | net worth falling | expense trap, repo signal |
| 2019-06 | 2 | expense trap | net worth falling |
| 2019-09 | 3 | losing money |  |
| 2019-12 | 3 | net worth falling | expense trap |
| 2020-03 | 1 |  | losing money, net worth falling |
| 2020-06 | 3 | thin capital, margin squeeze |  |
| 2020-09 | 4 | net worth falling |  |
| 2020-12 | 4 |  |  |
| 2021-03 | 4 |  |  |
| 2021-06 | 2 |  | margin squeeze, net worth falling |
| 2021-09 | 0 |  | auto monoline, thin capital |
| 2021-12 | 0 |  |  |
| 2022-03 | 1 | 3rd-party paper>100% NW |  |
| 2022-06 | 0 |  | 3rd-party paper>100% NW |
| 2022-09 | 1 | delinquency rising |  |
| 2022-12 | 0 |  | delinquency rising |
| 2023-03 | 2 | expense trap, delinquency rising |  |
| 2023-06 | 4 | assets shrinking, members leaving |  |
| 2023-09 | 3 |  | members leaving |
| 2023-12 | 3 | losing money, repo signal | expense trap, delinquency rising |
| 2024-03 | 4 | net worth falling |  |
| 2024-06 | 2 |  | assets shrinking, net worth falling |
| 2024-09 | 2 |  |  |
| 2024-12 | 4 | expense trap, assets shrinking, loan book shrinking | repo signal |
| 2025-03 | 2 |  | losing money, loan book shrinking |

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

- 2026-05-15 [TDECU’s merger with Smart Financial delayed; rebranding process takes another turn - The Business Journals](https://news.google.com/rss/articles/CBMimgFBVV95cUxQOW1qQnVLRzFlNFExcmJibTRFM05TQW13SlhRQUxyOUcyOHpqekFraVVrVVM5Zjd0WVJYTi1Ycy1RRXJBekhlblF6bmhCR1pKZnJYcnF1YVNFMW5XbTlMZE5vcVhpRzEwSEFQWHRIYkh2S0lFZE1mUThwSFJMRERITGc5c1lrNThRcTV5QlJmWDJDclRUV0RVNEtR?oc=5) · The Business Journals
- 2025-10-24 [TDECU & Smart Financial Credit Union Announce Merger Plan for 2026 - CUTimes](https://news.google.com/rss/articles/CBMiowFBVV95cUxPWnU1NVo4a1pQOEsxY2NKajg5eUdrUzZ0TW5tZzNBUkJ5eXRvX0RXX1ZKTlFQQ05mT0FqYUIycWhVeGhrT0FuV1p4aXVmY0Jta3JDc1ZQVVdZOWhRX1AtU21CZkJWc1AyaFBWNEFwbmV2VnRnTngzendnUVRYMjN3LUZ1RGZ6RUlPN1l6dXNGaFR1cmRYRG1idGR4WkxqaE9WZ3gw?oc=5) · CUTimes
- 2024-09-17 [UH football stadium will have a new name: Space City Financial Stadium - Houston Chronicle](https://news.google.com/rss/articles/CBMiqgFBVV95cUxQMkRMdWpXVzBQMVBXWmlJRnBNNEdXYzBLLXE4LUpfYzlXRnFTbWZLTzRwWVI4V1M2UXVPMGZVSUdsMXk2S2JCRkJLV1JHSU1aZFQ3S2J3aW9OZXhoM1Q4NW9ESjNfZGQ5SE5fZ3JIWFo2Nk5vQjg5aXFMUDlJYTkza2xsY2pEY1ZLM1BRdE5nRkV5RndVRmttY21qRGRWNUFKd2hUdkFTaVpCUQ?oc=5) · Houston Chronicle
- 2022-05-09 [Space City Credit Union merges with Houston-area peer - American Banker](https://news.google.com/rss/articles/CBMipAFBVV95cUxPQTZZbmRvRjRMN1F1T2V3Q0tKNkVRNUd1dnZFTU81bmFWTzVqY3NsTkxZeHJWN045SnpsdzItUnQtSE04MVE2MER6VEpvQ0tWUm82dUQ5TC11WWVxZGFPME0yMC1BVlJ6WkE4dTFIYUhnbnF6bDA2Y01JQnVNcVpRRWVIN0hiOTlyTUI1WFVRNEMzNUNKVnlpeVg5UmhLU285dUZ1TA?oc=5) · American Banker
- 2024-09-17 [$5 Billion Credit Union Formed as Two Texas Credit Unions Merge - Shoppe Black](https://news.google.com/rss/articles/CBMiZ0FVX3lxTFBzSXUyN2FHWTNWaGtKcUwxZ3ZvejBDaXpwRFlVVFl5MGZuNmRPVFVyeTY5TWsxWExSR0dXVzRSbi1ZWjV3OXNiRkU1QkJzVXZwMzMxQmpfVWNWb01Edk5hcG9VZWgtNDg?oc=5) · Shoppe Black
- 2025-07-03 [TDECU delays rebrand as it closes Space City Credit Union merger, terminates bank acquisition - The Business Journals](https://news.google.com/rss/articles/CBMinwFBVV95cUxNQ1hKTWxUaVJfOW45Y2dVZ1A3TW8xZkIwdldNVkZvWUJfczdvcENDa1UtSXd5TndVclY0OGFFTjBPcm1fcXUwWWVOcm5Gc25aMEVPOHBFZjdvWnAxdng1OFpXNTBUTEsxbER1VFVwa2w5R1FWaDFMbWswOWFHamtHNk82U0FOeDU5ZHNPRFV4QzFPcE9uM2t0Zk1MemNLUlU?oc=5) · The Business Journals
- 2024-09-17 [TDECU, Houston's largest credit union, rebrands after a merger with Space City - Houston Chronicle](https://news.google.com/rss/articles/CBMioAFBVV95cUxQQnZZRDR5dm5pRlRNcjJWM1ktUmlqQjVZRDBCTzlUTDdMQmdmcDJHNjRrT0ZVcExydUExbElHNE8wc1lBT2JEUTMyZXFMX0hNTWxGUi1hTEZsMzBUMFR2ZU9GTVJqOXAwMW9YU05LaUtROW5YMUxDMGs2SUlzcUZZNFdkejBSNElnTzZnVXhhaWh0UGd3QVNROGpJVGhfcGV5?oc=5) · Houston Chronicle
- 2025-05-14 [Big payouts to credit union execs after merger draw flak - American Banker](https://news.google.com/rss/articles/CBMilwFBVV95cUxNMFpTaGM2a3pzWEtxVHRVYlcyakpGcHJKRk5hTUJsd0xQM01qYXI0VzZBUnhlSlg0RHlMNE9UWmdqYVVXVlI5ZVFqU0Y4M1liSU5pWWdYbFBvWi1jblExcmtKSlBvcXpsTTBYUTRndXhHcWxXUTk2YkwzTkt0dFpjdVlLN0l3NjBpamJQdDB6clNYNHp5LVJV?oc=5) · American Banker

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=61135 (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/15.json (key "61135", 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=61135
- 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