# NEWPORT NEWS SHIPBUILDING EMPLOYEES
NEWPORT NEWS, VA · NCUA charter 61330 · asset band $1-10B · latest filing 2025-06 · stopped filing after 2025-06 (departed; for a credit union that is almost always a merger)
Share link (named URL with a preview card): https://getbookiq.com/cu/newport-news-shipbuilding-employees-61330

Who the members are: state charter, organized 1928, low-income designated. 156,416 members of 1,750,000 potential (8.9% of the field); checking penetration 62% (share draft accounts per 100 members); loans per 100 members 85.

**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 | $2.66B |
| Members | 156,416 (1.4% YoY) |
| Full-time staff | 481 |
| Net worth | $288.8M |
| Net worth ratio | 10.8% (p54 of band) |
| ROA (annualized) | 0.62% (p49 of band) |
| Total delinquency | 0.68% (p55 of band) |
| Net charge-offs (annualized) | 0.95% (p82 of band) |
| Loans / shares | 95% (p74 of band) |
| Cash / assets | 1.4% |
| Borrowings / assets | 4.69% |
| Net interest margin | 3.99% (p91 of band) |
| Operating expense / assets | 3.96% (p87 of band) |
| Vehicles % of loans | 32% (p59 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 83% |
| Third-party paper % of net worth | 201% (p65 of band) |
| Vehicle delinquency | 0.96% (p76 of band) |
| Vehicle NCO | 2.20% (p89 of band) |
| Repossessed % of vehicle book | 0.26% (p89 of band) |
| Real estate % of loans | 43% |
| Credit cards % of loans | 6% |
| Unsecured % of loans | 11% |
| Commercial % of net worth | 90% |
| Core shares % of member funds | 42% |
| Certificates % of member funds | 26% |
| Average share balance | $6,942 |
| Participations bought / yr | $2.4M |
| Participations sold / yr | $0 |
| Participations outstanding | – |
| Loans outstanding per 100 members | 85% |
| Loans granted per 100 members, annualized | 15% |
| Average loan balance | $16,245 |
| Loans granted, annualized | $1.04B |

## Flags firing in the latest filing

- **loans>95% of shares** (`str_ltos`)
- **3rd-party paper>100% NW** (`str_thirdparty`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 1 | 3rd-party paper>100% NW |  |
| 2016-06 | 1 |  |  |
| 2016-09 | 1 |  |  |
| 2016-12 | 2 | net worth falling |  |
| 2017-03 | 3 | delinquency rising |  |
| 2017-06 | 1 |  | net worth falling, delinquency rising |
| 2017-09 | 2 | leaning on borrowings |  |
| 2017-12 | 1 |  | leaning on borrowings |
| 2018-03 | 2 | leaning on borrowings |  |
| 2018-06 | 2 |  |  |
| 2018-09 | 2 |  |  |
| 2018-12 | 2 | charge-offs p90 | leaning on borrowings |
| 2019-03 | 2 | assets shrinking | charge-offs p90 |
| 2019-06 | 3 | charge-offs p90 |  |
| 2019-09 | 3 |  |  |
| 2019-12 | 2 | net worth falling | 3rd-party paper>100% NW, assets shrinking |
| 2020-03 | 3 | 3rd-party paper>100% NW |  |
| 2020-06 | 3 | margin squeeze | charge-offs p90 |
| 2020-09 | 1 |  | net worth falling, margin squeeze |
| 2020-12 | 1 |  |  |
| 2021-03 | 2 | net worth falling |  |
| 2021-06 | 2 |  |  |
| 2021-09 | 2 |  |  |
| 2021-12 | 3 | leaning on borrowings |  |
| 2022-03 | 3 |  |  |
| 2022-06 | 2 | delinquency rising | net worth falling, leaning on borrowings |
| 2022-09 | 2 |  |  |
| 2022-12 | 3 | delinquency 2x band |  |
| 2023-03 | 2 |  | delinquency 2x band |
| 2023-06 | 2 |  |  |
| 2023-09 | 1 |  | delinquency rising |
| 2023-12 | 1 |  |  |
| 2024-03 | 2 | leaning on borrowings |  |
| 2024-06 | 2 |  |  |
| 2024-09 | 2 |  |  |
| 2024-12 | 2 |  |  |
| 2025-03 | 3 | repo signal |  |
| 2025-06 | 2 | loans>95% of shares | leaning on borrowings, repo signal |

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

- 2007-11-23 [Newport News Shipbuilding Employees Credit Union Becomes ‘BayPort’ - The Financial Brand](https://news.google.com/rss/articles/CBMiugFBVV95cUxOVXZsUmctTVdTWlA1UDhtRnR0QS1FeWRrQXBKeFd2Vjl2MV9uanFrQU9mdEZvQWs3aXJXQUFlaVYyRnI0bXhKVy1qZVVpTVRLU2ZBMjhGVHhrbV9DSmltZlIxMGxQcmZ1M2xVallkU1pOZWhvVl94SWFoOWJtUDlwNWk1dzduNi1IMTEzanNTdXdlWXlfLS1DZ2t4ZWNKM2wtTzhZb1c4UGxxdmpzTWhhamVWWl9RcTVMS1E?oc=5) · The Financial Brand
- 2025-01-08 [BayPort Credit Union Ranks #1 in Virginia for Excellence in Improving Local Community Financing and Education - PR Newswire](https://news.google.com/rss/articles/CBMi9wFBVV95cUxQOFlya0xCcDVVUWg0Tmc3bXJ5OGlkOEZGQkNUQW10dTZWZk42RjZELTQ5UTlMdkNTMzJLeURpdGo1dTRZNlVaaXgxVmN6NjJSRDYzNzRTaldRQ1F6U0Y0bWEtU0RXVlVMZVB2OFBPclhRU3NoSWNpVEFsLWs5dVJnOVBFWnJKclpvVko1SlpHbnp3ZUZhSlVCMEozWENSbTRxU1o3NzBudUhUSEJKd3ZSemJxdExMalgzME1sWFFWTS1ob3pWY0lBcWdKc3pQRnE3T2E4c2k0Z3h3ZVl0VG4wN2VkXzhfdjlxLTlRbk1GX3VaOVpiUWx3?oc=5) · PR Newswire
- 2020-09-17 [Burton Page Hill, 95, retired CFO with Newport News Shipbuilding Employees’ Credit Union - wydaily.com](https://news.google.com/rss/articles/CBMiwAFBVV95cUxQX1VpUXFQMkJYaE1Wb0ZMSUd6Q21aenhHMUxrUFFtZUJid1FwbmU0Wmd6cXpBb3h0RmdtZGhjZllQSUVvM1RkYmg0MW9vaUU3OE1TekdDdzRBaDFITXZwNUZEZTJwWTdFWVJzbTgtS1Y3blRESWZ5N2hqY0lYTzM5TmFOVWs2WmhOOVJyQ21uaUw0aGtTaTVEbXppYlpycEF1Nk9XT3V4TnJhM1ZTT21CSEJ5MjZBVkl6TnBGcnd3N1M?oc=5) · wydaily.com
- 2024-06-01 [George Wiatt Obituary - Newport News, VA - Daily Press](https://news.google.com/rss/articles/CBMiggFBVV95cUxNTUlnMUlnaURaT1ZCb1hGQWhER1BmLXFqTW1yUFFvSWx4R3hOa0tQdWtOQWZjbks4cDJWU2IwbjdPRlY5eGJVR2NDX0N0SUJkSXl3dWVKTllNcjVmR0VYS3A3N2Y2VFk2QTJEQml0bzVKNHhuNUZaS2h2RUFNZ01WSG13?oc=5) · Daily Press
- 2022-01-03 [NCUA liquidates small Virginia credit union - American Banker](https://news.google.com/rss/articles/CBMitwFBVV95cUxOYTYtaUxVYVB2VURDdUY2dWxnalFKZ2NVRF8xZEFZa28zd2dKZzVWdmttTkdzZXBsTGIwUHJHSVV2S1p1OEk1aTNNVkVpZkxnNWJlOVBqM2VJUWFzZkFQdjUzMkRUZHljeXFxYThBWGRsaTQzVmNYTXNYLU5fdnNJeDQ4Vlg1UXJfUHJwaGpidFR6TlZLVVExNG5GX0xLV3VSQWJkMEhFRUo0d3dUSXU1c3hNeGxBWkE?oc=5) · American Banker
- 2023-06-28 [Newport News council approves Peninsula Rescue Mission’s plan for women’s shelter - The Virginian-Pilot](https://news.google.com/rss/articles/CBMiuwFBVV95cUxNclUyVnM2TFJ4a2thWDNrQWZoQXRMWm5VTTAtd1RFbnVTbFNTc2dnOFptcGVjX2RkQ2lOTkJBQVNDYnVDeERTaFBBMjM3U2d0MTNveW9NSEUxT1ZPZGRpcDRZakFSQ19reWl1UlVoYUJIR2JZc3ZjZ2hDdGx1c25pTnBOZzlRWHg5SEl1T0lxeGZrNXpXU3M0WUNkaVVuYzNJamZGZEtLLW9tUjdkV3puM2E2Y3R0Z2p2RFJF?oc=5) · The Virginian-Pilot
- 2024-05-28 [Frank Condo Obituary - Hampton, VA - Daily Press](https://news.google.com/rss/articles/CBMid0FVX3lxTE9UWl9vdlNMN0l0R3hiM3FOdGNPcHBjOGVKR1RQdlJLZWJlRXNGbnQ5N2ViSU5LeTFqcXBEMEdiUndvRU9FazNzY1F6d0FXd3dlT0dIVDAzNHJ4eFdxQ2RiYjBkQUl6a2ZWejg1UDNWT1hreGhHUkZv?oc=5) · Daily Press

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=61330 (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/18.json (key "61330", 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=61330
- 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