# ARRHA
Springfield, MA · NCUA charter 61189 · asset band $100-200M · latest filing 2025-12 · stopped filing after 2025-12 (departed; for a credit union that is almost always a merger)
Share link (named URL with a preview card): https://getbookiq.com/cu/arrha-61189

Who the members are: state charter, organized 1929, low-income designated. 9,850 members of 1,752,542 potential (0.6% of the field); checking penetration 42% (share draft accounts per 100 members); loans per 100 members 41.

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

## What the filing shows

| Measure | Value |
|---|---|
| Total assets | $159.5M |
| Members | 9,850 (1.3% YoY) |
| Full-time staff | 28 |
| Net worth | $11.2M |
| Net worth ratio | 7.0% (p1 of band) |
| ROA (annualized) | -1.14% (p2 of band) |
| Total delinquency | 0.32% (p19 of band) |
| Net charge-offs (annualized) | 0.06% (p9 of band) |
| Loans / shares | 96% (p94 of band) |
| Cash / assets | 10.0% |
| Borrowings / assets | 9.39% |
| Net interest margin | 2.65% (p8 of band) |
| Operating expense / assets | 4.44% (p76 of band) |
| Vehicles % of loans | 7% (p4 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 37% |
| Third-party paper % of net worth | 163% (p80 of band) |
| Vehicle delinquency | 0.53% (p41 of band) |
| Vehicle NCO | 0.93% (p75 of band) |
| Repossessed % of vehicle book | 0.00% (p32 of band) |
| Real estate % of loans | 77% |
| Credit cards % of loans | 0% |
| Unsecured % of loans | 1% |
| Commercial % of net worth | 163% |
| Core shares % of member funds | 52% |
| Certificates % of member funds | 37% |
| Average share balance | $9,667 |
| Participations bought / yr | $302,476 |
| Participations sold / yr | $1.3M |
| Participations outstanding | – |
| Loans outstanding per 100 members | 41% |
| Loans granted per 100 members, annualized | 4% |
| Average loan balance | $31,219 |
| Loans granted, annualized | $44.3M |

## Flags firing in the latest filing

- **thin capital** (`cap_low`)
- **capital below 7%** (`cap_critical`)
- **losing money** (`earn_negative`)
- **loans>95% of shares** (`str_ltos`)
- **leaning on borrowings** (`str_borrowings`)
- **3rd-party paper>100% NW** (`str_thirdparty`)

## Warning timeline

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

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

- 2026-01-05 [BrightBridge Credit Union finalizes merger with Arrha Credit Union - CUInsight](https://news.google.com/rss/articles/CBMiqwFBVV95cUxNQUQ1UWlVWUlPb3NxZmFZVXhYaXJuRGhtUW5feHdpclViNXNNa0tiLWtIQjczVkxjOWdJbktjZkFxdTBhb0RyS19WaXVwNWliaEtCU3NIeGRTV3lGQzV1VUxWb3hFbGVVYVBpTTRBbG85WVFkd2xKYi1nbG8xRmRsTTJ4NWdocmFwemJrRnB1VFN0UkViUDdDWjdWei02QzB1anVta0FPNF9lOWc?oc=5) · CUInsight
- 2025-12-02 [Two Mass. credit unions clear major hurdle in planned merger - The Business Journals](https://news.google.com/rss/articles/CBMiqAFBVV95cUxOdkRlNElSRGhBcjY4TWdDbEVOT0V1dFlQclJSZ1lVRlpIa0N5azFSOW9WbGwzT2VRYy1vVUxtcnRxWkNKTmljZHYyQWRtRm9SQ2V3QVU2UlFoWjcyRDgtcW9wSmRGdVR2OVdQNGxNWlJFLTFybEhkR2Z0UGpvb3cwY1ZoMlV2NUxKaVNET2xTMFM3TjdQVlZNSTBFVlRveFV0VlFVYVM5Ri0?oc=5) · The Business Journals
- 2026-01-07 [Credit Unions in Three States Begin New Year With New Mergers - CUTimes](https://news.google.com/rss/articles/CBMingFBVV95cUxQNG1SUWtoMVZWNWFuUXo3aTFXbzFpcUt6QXBld2tEbS1PNDNRVjh4b3ZXX3BZZ1I5MVVhcFFBcjdITmxYTzNlRTAxXzNla1U1bUxzaXdxVjdmRUJ3UTdJcndEVFhqQTZtRXVPTWJmSi1KaWtwMElSdTNXRUZ2M0pNb1R4ZnN0UmpIRXJaaHVWQy0yRU00WlNrNmtsa3FzUQ?oc=5) · CUTimes
- 2025-07-16 [BrightBridge Credit Union Seeks Approval to Merge with Springfield-Based Arrha Credit Union - WHAV](https://news.google.com/rss/articles/CBMivAFBVV95cUxQckZ6RmZ0YVRVYUhPaThGdFhqOGVmY1J5dTdqbWMxd1kxTXBlaDUyRXZIVVc4VGszZzFfX2dXN2FzMGZQNzlOOE8xN2ZwRVhpSTRtamFYZzNLRXBydUMtTkJqQlBaaUxkT3VRNW80Ym84UGZnZS1CSThRLUFyTHJyVm1pLVJtbHFBVkpVRmk3cGtTd1paLWYzWXRjNWxUUjNzZk42MVJqZ3FQQnBXa3BGSDFJcHF6RmxWQ29WUg?oc=5) · WHAV
- 2024-08-16 [Massachusetts credit union seeks merger with neighboring bank - American Banker](https://news.google.com/rss/articles/CBMingFBVV95cUxOVnhMZ012bUY2UDJkYTdXZExCNFJPUWdheGtKQnBKSjhqd1kwZVJKU3lXT1dlVDdjRGJHWUZXWWtJNERhejI1WEdzZGdVUHIydm9LWmJzOEh6WlVPSDJmcjBfcDVTOTV3ZGJWOTZ2ZTlNRjZKX0R6T05KZGpVSU02NkgyemdYamo4WVhBdkduLWZiNFpqaUlDN04xV1VMQQ?oc=5) · American Banker
- 2025-02-28 [Arrha Credit Union opening Sumner Ave. office in Springfield - masslive.com](https://news.google.com/rss/articles/CBMirgFBVV95cUxPOHdETGppTkd0RU5raGhNdkc0TERUMzhvckhoSUQ0WjJRT1dDSXk3UEZIaDRtTEZ6ZGpGckhZVzh1N3lTdWdXTi15Mzd2RVlHdUg4V2V3cTJ2ZTJFS2o3YUZUWmNCclR5M3dxM3Nvb0c2Zk5tcFJhU1RJdkVwWWpXTC1FWmltek1DM2pxc2d3WnFtcmZUaHJpbEJrVkh3SEJkTy1nZGNMWjJBTU1VV2c?oc=5) · masslive.com
- 2022-07-15 [Credit Union Opens New Branch Office In Enfield - Patch](https://news.google.com/rss/articles/CBMiigFBVV95cUxNV1A1UWFjd0F6U21sSUcwOWtnWVlqT05ZLTBQZ19HTHBKaGJyaHlBMmNIZlg4d0UzNFNPVmY0V3JkVGdDXy14cVRVcmVPcWVzbk9iU1pkWVlHOGpkRWJTUlRaQUNEZktZM1dHWjRpMzVLQXlLRnEtMmV6ZzQ5a3hUUUJHbDY2a2pETXc?oc=5) · Patch
- 2025-07-16 [BrightBridge Credit Union plans to expand westward with merger - The Business Journals](https://news.google.com/rss/articles/CBMilwFBVV95cUxQUmdwaV95dHItb1JUeV9mU3ZCQ2M3aWJlMHRyR0I3eWZsamdIcDduYVlrLTlTcTZtZW5JLWpKSE5MSU5iZ0pqYW1ISlRkTjBGZEFzUDFGaVgzdHhRV1h2dFBGSEo2Yy1meTM3eXN4THBsVkxBNnA5UnVPVlpKbWZiQmVuM3JYWS1xQWlnUHk5NGVtX0dMcVRN?oc=5) · The Business Journals

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=61189 (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/5.json (key "61189", 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=61189
- 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