# EXPREE
Frankfort, KY · NCUA charter 62431 · asset band $100-200M · latest filing 2026-03 · live
Share link (named URL with a preview card): https://getbookiq.com/cu/expree-62431

Who the members are: state charter, organized 1938. 8,986 members of 1,857,067 potential (0.5% of the field); checking penetration 64% (share draft accounts per 100 members); loans per 100 members 60.

**Verdict on the desk:** this could be *indirect buyer*. Composite score 1 of 18 (one point per flag across 17 flags, capital below 7% counted twice).

## What the filing shows

| Measure | Value |
|---|---|
| Total assets | $117.7M |
| Members | 8,986 (-0.9% YoY) |
| Full-time staff | 26 |
| Net worth | $12.7M |
| Net worth ratio | 10.8% (p37 of band) |
| ROA (annualized) | 0.80% (p56 of band) |
| Total delinquency | 0.69% (p55 of band) |
| Net charge-offs (annualized) | 0.44% (p61 of band) |
| Loans / shares | 87% (p84 of band) |
| Cash / assets | 12.6% |
| Borrowings / assets | 0.00% |
| Net interest margin | 3.69% (p51 of band) |
| Operating expense / assets | 4.24% (p70 of band) |
| Vehicles % of loans | 32% (p41 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 51% |
| Third-party paper % of net worth | 115% (p73 of band) |
| Vehicle delinquency | 1.12% (p77 of band) |
| Vehicle NCO | 0.67% (p59 of band) |
| Repossessed % of vehicle book | 0.00% (p32 of band) |
| Real estate % of loans | 49% |
| Credit cards % of loans | 3% |
| Unsecured % of loans | 7% |
| Commercial % of net worth | 72% |
| Core shares % of member funds | 40% |
| Certificates % of member funds | 47% |
| Average share balance | $5,502 |
| Participations bought / yr | $0 |
| Participations sold / yr | $0 |
| Participations outstanding | $4.8M |
| Loans outstanding per 100 members | 60% |
| Loans granted per 100 members, annualized | 17% |
| Average loan balance | $16,793 |
| Loans granted, annualized | $38.8M |

## Participation posture (from the same filings)

Bought $0 and sold $0 in the latest annualized quarter; $4.8M outstanding purchased (37.5% of net worth), $44,422 sold and retained. Sold in 3 and bought in 6 of the last 8 quarters. Shares 9.9% year over year.

## Flags firing in the latest filing

- **3rd-party paper>100% NW** (`str_thirdparty`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 2 | leaning on borrowings, 3rd-party paper>100% NW |  |
| 2016-06 | 1 |  | leaning on borrowings |
| 2016-09 | 1 |  |  |
| 2016-12 | 1 |  |  |
| 2017-03 | 1 |  |  |
| 2017-06 | 1 |  |  |
| 2017-09 | 1 |  |  |
| 2017-12 | 1 |  |  |
| 2018-03 | 2 | delinquency rising |  |
| 2018-06 | 4 | expense trap, delinquency 2x band |  |
| 2018-09 | 3 |  | delinquency 2x band |
| 2018-12 | 2 |  | delinquency rising |
| 2019-03 | 2 |  |  |
| 2019-06 | 3 | members leaving |  |
| 2019-09 | 3 |  |  |
| 2019-12 | 3 |  |  |
| 2020-03 | 5 | losing money, margin squeeze, delinquency rising | expense trap |
| 2020-06 | 6 | thin capital, net worth falling, expense trap | members leaving, delinquency rising |
| 2020-09 | 7 | members leaving |  |
| 2020-12 | 7 |  |  |
| 2021-03 | 4 |  | losing money, margin squeeze, expense trap |
| 2021-06 | 4 | expense trap | net worth falling |
| 2021-09 | 3 |  | members leaving |
| 2021-12 | 3 | delinquency rising | thin capital |
| 2022-03 | 2 |  | expense trap |
| 2022-06 | 1 |  | delinquency rising |
| 2022-09 | 3 | expense trap, assets shrinking |  |
| 2022-12 | 2 |  | assets shrinking |
| 2023-03 | 1 |  | expense trap |
| 2023-06 | 2 | delinquency rising |  |
| 2023-09 | 2 |  |  |
| 2023-12 | 1 |  | delinquency rising |
| 2024-03 | 1 |  |  |
| 2024-06 | 1 |  |  |
| 2024-09 | 1 |  |  |
| 2024-12 | 2 | delinquency rising |  |
| 2025-03 | 2 | margin squeeze | delinquency rising |
| 2025-06 | 3 | delinquency rising |  |
| 2025-09 | 2 |  | delinquency rising |
| 2025-12 | 1 |  | margin squeeze |
| 2026-03 | 1 |  |  |

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

- 2026-06-13 [Josephine Sculpture Park celebrates legacy of Milly Ann Stewart at Barn Raisin': Annual fundraiser honors community leader, dedicates Fox Meadow in her name - State-Journal](https://news.google.com/rss/articles/CBMimwJBVV95cUxNTW1qNGNJQVZpckx3dVp1NXRveUlGT1pUcmtSVHdqNGVNTk9UdWtpQ3pxTHM2RDJtRE52THFQZExDaWJEZjZtaTA0QmJCV3pxNXVHWGVqX2Fwb3hxSEUza185RTQtSGRNV1NBS0ZMbFl0ZzVFVlRSQjFzTFc0NmNKNnFBXzZ0dWtHSlVMVFpGTlpCRVZ3eE5XQ082cU55Nm1nSFE2NUJCY2ZPc3RwNlRReklRQVIyNEVVVlFldnJLU0Y2LUxfY3NxNVduaTl2TGxyU0I5ZmRvWjFnT2dKemcyMHpXcTNWdjVrWEJyRTR3eG5SLU9PdS1rbUlEelpBSU1zRWFMTFF0UFdqQ1pKaWtGTTlaRjBkRFljamtV?oc=5) · State-Journal
- 2026-03-20 [Joy Full: A Gathering of Gratitude – FREE Event - Kentucky Living](https://news.google.com/rss/articles/CBMiiAFBVV95cUxNelBZeFRNb3ljUXZMV2NOcGxGTTB2YVk2bmZVbDVGbkRkWUVNclFLUjJMYUZjM2lUSHNndlJDOTJ2YUYxQWVJSGtBbXlOX3ZEd2RSblhwWHhkSXhQWTFOdk5OOTNMYWtyRXVKMnJESFVPUzZDbk1HV0NkU2tYS1hCQWxMSURaZ2xm?oc=5) · Kentucky Living
- 2026-03-14 [Josephine Sculpture Park announces Barn Raisin’ 2026 - State-Journal](https://news.google.com/rss/articles/CBMikwFBVV95cUxQT25DTTZ1XzRHNVhwc2IzTGh5M09PcHQ0SkFfWUdWTWVCal9NSXl3OW9TU3ZOLVlDczNUeklpYm03WTg1XzZoQ2dlTnpvZEFLMmhnUDVvOXYwMWV4ck1peHFySFlTSjNXS1NpQ3I5aHFSRmN3ZnZJd3Z4MU12Z2gyRUV1R2s4NWZfNU5YMEktQTJZZlU?oc=5) · State-Journal
- 2024-01-29 [Police, fire blotter (Jan. 26-28) - State-Journal](https://news.google.com/rss/articles/CBMidkFVX3lxTFAtNnhYUnMxeVEzcTl0SVRseGJHa3otRE00bTBZVE5uc0V5T2FlR2xDOUltejNRMXZJY3BsRVVYbGdDWkVMWVZpZHpSUGlXM3haQllzYVlHaWdiY3BzNlk4T1JEYTlKejJ4NDlxM0FVLVJtakVETHc?oc=5) · State-Journal
- 2026-03-05 [Good Shepherd Catholic School announces The Great Gala 2026: A Roaring '20s Speakeasy Experience - State-Journal](https://news.google.com/rss/articles/CBMizAFBVV95cUxPS2FwaTFJcWxJeWVab3FUclFleWo2NXlYMTlNQlBlT0RobmhOSnpCb2lhQ3NFLVBsVWp4Y3FEakplaFdHSDVyMzlCUk5NMURSTlg3QTg5OXdySnBNYXpGcFVGdUJHWV94cEJ5ODJaV1pNTzhobjlaN0k3MnpiN3paNWEwTFd5YzhoM0t1MXJ1U2ZPZXVJZXFfQ3VuQlBwRG44T0RQejBoaHhrWmRHdUd3UVhiNk5GbFNpUGJjdDRmSnk5bE15dVpHZzF0eUc?oc=5) · State-Journal
- 2021-02-13 [Frankfort Area Chamber of Commerce welcomes new board - State-Journal](https://news.google.com/rss/articles/CBMilgFBVV95cUxPNlZDcWhzRWZhdGZqUDFhT3k4ZTlLZzN1QjZoYkRYa0hPLWZUd1JTWFhWaHc0NjZLRkJOMF9nS2d3RUtob0EzbG1pNHpka25wMV9MTjFHMDBWekhBVm5RLUd5Q0V1OHVvNUNPTThCSFR1OTR4REJpLUQwblowTEROS2NhZVMwdEdzZ0p0engyMGRkWEhWaWc?oc=5) · State-Journal

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=62431 (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/31.json (key "62431", 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=62431
- 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