# MELROSE
BRIARWOOD, NY · NCUA charter 62005 · asset band $1-10B · latest filing 2018-06 · stopped filing after 2018-06 (departed; for a credit union that is almost always a merger)
Share link (named URL with a preview card): https://getbookiq.com/cu/melrose-62005

Who the members are: state charter, organized 1922. 19,864 members of 50,000 potential (39.7% of the field); checking penetration 20% (share draft accounts per 100 members); loans per 100 members 20.

**Verdict on the desk:** this could be *stressed*. Composite score 13 of 18 (one point per flag across 17 flags, capital below 7% counted twice).

## What the filing shows

| Measure | Value |
|---|---|
| Total assets | $1.12B |
| Members | 19,864 (-12.3% YoY) |
| Full-time staff | 83 |
| Net worth | $-359.7M |
| Net worth ratio | -32.0% (p0 of band) |
| ROA (annualized) | -30.61% (p0 of band) |
| Total delinquency | 28.88% (p100 of band) |
| Net charge-offs (annualized) | 22.72% (p100 of band) |
| Loans / shares | 99% (p76 of band) |
| Cash / assets | 5.7% |
| Borrowings / assets | 20.58% |
| Net interest margin | 1.48% (p3 of band) |
| Operating expense / assets | 3.61% (p79 of band) |
| Vehicles % of loans | 0% (p0 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 0% |
| Third-party paper % of net worth | – |
| Vehicle delinquency | 22.19% (p100 of band) |
| Vehicle NCO | 0.00% (p1 of band) |
| Repossessed % of vehicle book | 7.31% (p100 of band) |
| Real estate % of loans | 32% |
| Credit cards % of loans | 0% |
| Unsecured % of loans | 0% |
| Commercial % of net worth | – |
| Core shares % of member funds | 9% |
| Certificates % of member funds | 64% |
| Average share balance | $28,029 |
| Participations bought / yr | $0 |
| Participations sold / yr | $0 |
| Participations outstanding | – |
| Loans outstanding per 100 members | 20% |
| Loans granted per 100 members, annualized | 2% |
| Average loan balance | $309,520 |
| Loans granted, annualized | $103.8M |

## Flags firing in the latest filing

- **thin capital** (`cap_low`)
- **capital below 7%** (`cap_critical`)
- **net worth falling** (`cap_falling`)
- **losing money** (`earn_negative`)
- **delinquency 2x band** (`aq_dq_high`)
- **charge-offs p90** (`aq_nco_high`)
- **repo signal** (`aq_repo`)
- **assets shrinking** (`shrink_assets`)
- **members leaving** (`shrink_members`)
- **loan book shrinking** (`shrink_loans`)
- **loans>95% of shares** (`str_ltos`)
- **leaning on borrowings** (`str_borrowings`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 3 | losing money, delinquency 2x band, loans>95% of shares |  |
| 2016-06 | 6 | thin capital, charge-offs p90, leaning on borrowings |  |
| 2016-09 | 6 | net worth falling | leaning on borrowings |
| 2016-12 | 8 | capital below 7% |  |
| 2017-03 | 11 | margin squeeze, delinquency rising, assets shrinking, loan book shrinking | charge-offs p90 |
| 2017-06 | 11 | members leaving | margin squeeze |
| 2017-09 | 11 | leaning on borrowings | loan book shrinking |
| 2017-12 | 13 | charge-offs p90, repo signal, loan book shrinking | delinquency rising |
| 2018-03 | 13 |  |  |
| 2018-06 | 13 |  |  |

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

- 2026-05-29 [NCUA Bans Five People From Credit Unions - cutoday.info](https://news.google.com/rss/articles/CBMihAFBVV95cUxNUzJZSk9OSGpqbUhjMlVOaWdJWUJkcG9pZTFjTVhZZjEzQjl3dF91QU5LRHU1LTNyTFFSZkVNNUdZUkZBNllwR1NhQmF3WVUyYmpkdFRGVFhBX0NlTl96c3d3TkM4TkNuMGJFWS15d3NuUHB5SWhOU09tU3FVVGs2V19pYUo?oc=5) · cutoday.info
- 2018-08-31 [NCUA liquidates troubled Melrose Credit Union - americanbanker.com](https://news.google.com/rss/articles/CBMimgFBVV95cUxPNF92TG1uSzBPcUpjVXBmQ2hOYllQVFhYRUxyUkk5WTQtYmV1cUQ3S2Zrdm9mZG9KbkxYV1F0bmk2ZGVlc1drOEhMa0dUbVFBUG13MGRySUZPdGNzQy1CdVFaMXNjOUtuUU1teDF1ZjZMR3lsMklTdGw1R3ZlbDhBdE4zVUk1REJVWFpEdUpNNWNpS1Y2RTVpM1BB?oc=5) · americanbanker.com
- 2018-09-04 [Teachers Federal Credit Union acquires Melrose - Long Island Business News](https://news.google.com/rss/articles/CBMigAFBVV95cUxQUWtPR3ZFMnBVMk41Q2Ewd01VV0o3b0xQLTltb3phUmRGM1lISEhKQlVPdjVZU0NWNFNjMUI5YjM3anFsbWxlbjNRUE5UOEEtY1YtOVhWbjNfaHdhSEhsc0Z2amNrYUVQOHNGcGZ0MTJUT2NBbWxXMWtIcG0wS3g1Xw?oc=5) · Long Island Business News
- 2018-09-04 [Teachers Federal Credit Union acquires Queens-based Melrose Credit Union - qns.com](https://news.google.com/rss/articles/CBMingFBVV95cUxPUktwLUNQN2tocUl5VDAzMlFaNU42YWR5ZWl1MHYtM1dHdDBKN0YwOUFrOUNiTEdyanY2ZUxFSE9uRzhEeVVZazlwVFJhTVBzV1Btb2J3V3N1SUdRdks4aGxmbG55YWtaNjh0bXhPdXdVN0pwMHpqLVZQdi1ETGo2bmZfTlhDVXYwX3pWSWROd1g1NllVVHpZQzF3MkpzQQ?oc=5) · qns.com
- 2018-06-28 [Bank-like credit unions should follow bank rules - Brookings](https://news.google.com/rss/articles/CBMijAFBVV95cUxQMGx2RXgwWUxFczFXTjZnS09hemFDaENOOWpaQ3lqZnhnVkRhYjlQcjJ6eEE5V2UzYjZrZWdjc1ZBNGtCa2l6MnpFOFJTZEhpaXVjYWdGRzJpUWp3QXRsTDM2bHUwRC1zNDROZHJBXy1mQWFrMTU4bV9Eay1vR1Q3WkZMd2dRX3h3N2lmcQ?oc=5) · Brookings
- 2024-07-02 [2012-2024 List Of Failed Credit Unions - Bankrate](https://news.google.com/rss/articles/CBMib0FVX3lxTFBqUTBmbUhvaEh6UXpMOERnZTMzUjU2djBQVUVxMHd4UmZFRF84OWFtelZtZXQ3eTF5ZE5fbE5YVTRIUWd2dDVDWjZxZ3F4d3gwRFhMV2FyT21RWXlTLVVoRTE5Z0R1Ql9iMHVmYndZUQ?oc=5) · Bankrate
- 2021-03-26 [The childhood friend who finked on the taxi king - Crain's New York](https://news.google.com/rss/articles/CBMigwFBVV95cUxNQUdleDFDb0NoekhwTVhDeGFmcDl4dTNUbFVfWi04ZkdXZHJxdFFzeFVodlUtek5zenEwT1VRTm1BRGhOdUhhYldlTkE5QnR6T2JkNm93eExaY3FmUzg0cTI3WWlfWlpVMmFKalQtOTg1ZHpQd3c2SGVIT28wU1JKby04UQ?oc=5) · Crain's New York
- 2018-03-26 [Credit union is driving cabbies to brink of suicide: advocate - New York Post](https://news.google.com/rss/articles/CBMilgFBVV95cUxQclEtQWExb183d3l0d2Z0cE5rRFFpcVlzNjY0RzNuT1Z3WUhxSEc5SHlCRFVFNktibERFRzFsWmRZeE9pMU5nMzNPWVpveTVIYlduXzhIc29WYU5naVVTaVpQbERTdDVPbkNuVEpIdTZoMUVwOVFvYUJNUXNWaTFTamNOY1FBOEYzeV8tbnJFRVVuNkdyTlE?oc=5) · New York Post

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=62005 (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/53.json (key "62005", 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=62005
- 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