# GRANITE STATE
Manchester, NH · NCUA charter 63272 · asset band $500M-1B · latest filing 2026-03 · live
Share link (named URL with a preview card): https://getbookiq.com/cu/granite-state-63272

Who the members are: state charter, organized 1945. 53,516 members of 175,000 potential (30.6% of the field); checking penetration 67% (share draft accounts per 100 members); loans per 100 members 37.

**Verdict on the desk:** this could be *ordinary*. 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 | $754.0M |
| Members | 53,516 (2.0% YoY) |
| Full-time staff | 151 |
| Net worth | $72.0M |
| Net worth ratio | 9.6% (p32 of band) |
| ROA (annualized) | 1.14% (p81 of band) |
| Total delinquency | 0.49% (p40 of band) |
| Net charge-offs (annualized) | 0.37% (p45 of band) |
| Loans / shares | 77% (p37 of band) |
| Cash / assets | 19.2% |
| Borrowings / assets | 0.00% |
| Net interest margin | 4.60% (p96 of band) |
| Operating expense / assets | 4.50% (p87 of band) |
| Vehicles % of loans | 28% (p49 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 36% |
| Third-party paper % of net worth | 110% (p53 of band) |
| Vehicle delinquency | 0.41% (p35 of band) |
| Vehicle NCO | 0.61% (p35 of band) |
| Repossessed % of vehicle book | 0.03% (p44 of band) |
| Real estate % of loans | 48% |
| Credit cards % of loans | 0% |
| Unsecured % of loans | 9% |
| Commercial % of net worth | 40% |
| Core shares % of member funds | 66% |
| Certificates % of member funds | 23% |
| Average share balance | $6,527 |
| Participations bought / yr | $16.0M |
| Participations sold / yr | $0 |
| Participations outstanding | $21.6M |
| Loans outstanding per 100 members | 37% |
| Loans granted per 100 members, annualized | 9% |
| Average loan balance | $26,014 |
| Loans granted, annualized | $158.6M |

## Participation posture (from the same filings)

Bought $16.0M and sold $0 in the latest annualized quarter; $21.6M outstanding purchased (30.1% of net worth), $0 sold and retained. Sold in 0 and bought in 5 of the last 8 quarters. Shares 2.8% 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 | 1 | thin capital |  |
| 2016-06 | 2 | expense trap |  |
| 2016-09 | 2 |  |  |
| 2016-12 | 3 | 3rd-party paper>100% NW |  |
| 2017-03 | 4 | delinquency rising |  |
| 2017-06 | 3 |  | delinquency rising |
| 2017-09 | 3 |  |  |
| 2017-12 | 3 |  |  |
| 2018-03 | 2 |  | expense trap |
| 2018-06 | 2 |  |  |
| 2018-09 | 2 |  |  |
| 2018-12 | 2 |  |  |
| 2019-03 | 2 |  |  |
| 2019-06 | 3 | expense trap |  |
| 2019-09 | 3 |  |  |
| 2019-12 | 3 | delinquency rising | thin capital |
| 2020-03 | 2 | thin capital | expense trap, delinquency rising |
| 2020-06 | 4 | net worth falling, expense trap |  |
| 2020-09 | 4 |  |  |
| 2020-12 | 5 | margin squeeze |  |
| 2021-03 | 4 |  | expense trap |
| 2021-06 | 3 | expense trap | net worth falling, margin squeeze |
| 2021-09 | 3 |  |  |
| 2021-12 | 3 |  |  |
| 2022-03 | 2 |  | expense trap |
| 2022-06 | 3 | expense trap |  |
| 2022-09 | 4 | delinquency rising |  |
| 2022-12 | 4 |  |  |
| 2023-03 | 2 |  | expense trap, delinquency rising |
| 2023-06 | 3 | delinquency rising |  |
| 2023-09 | 4 | expense trap |  |
| 2023-12 | 3 |  | expense trap |
| 2024-03 | 3 |  |  |
| 2024-06 | 2 |  | delinquency rising |
| 2024-09 | 1 |  | thin capital |
| 2024-12 | 1 |  |  |
| 2025-03 | 3 | net worth falling, expense trap |  |
| 2025-06 | 2 |  | net worth falling |
| 2025-09 | 2 |  |  |
| 2025-12 | 2 |  |  |
| 2026-03 | 1 |  | expense trap |

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

- 2026-04-12 [Granite State Credit Union modernises digital banking with Lumin Digital - fintechfutures.com](https://news.google.com/rss/articles/CBMi0gFBVV95cUxObi1oSWp2cTl4SXljcjJDZkpMVS1OdlF5ZllpSVVRc0N1ck5IOWtLZFhIb3VhUVIyc3dCNEhXd0FJalpaWW9IQ2t1U2tEaU8xS0VsWk9pZGh6RXQ4QXRDUGdkRWZLTm5Cc1Z0eFU0QTdadFlLMzgtVlZzYTFhWlU5R0pzZVVuVzFwLWxoYXdvWDVFVDEzbTZFbjNNbEFuVEwzOGNvU3A5QmthWWJmSkR1UU1qbHYtM1NNRldybEFEZkhCTElWVk4yRjFBNG9BTUR4SWc?oc=5) · fintechfutures.com
- 2025-10-07 [2025 Best Companies to Work for: 6. Granite State Credit Union - Business NH Magazine](https://news.google.com/rss/articles/CBMipgFBVV95cUxQWWZ2T2pDejJNc3pERkhQeDc4S2JOY0N4NllNQm55aW10cVZCSDJXdl9nSzBoZFZpamVvN1J3MzJKWmNrdWRrN0VDUGVQVncxWE9PeU9rUGZVcS1hODA0X3IwRDhnUFgtdGprNC1BVFBtVzRURGNqcGNzVlN0MVluVzRlY2VGWGRQNmEzNkpDQjZya0RMZ19jTEs5ZVRmN2FJOXh6aGhB?oc=5) · Business NH Magazine
- 2025-04-16 [Granite State Credit Union appoints new President & CEO - CUInsight](https://news.google.com/rss/articles/CBMimgFBVV95cUxQdlkybnlUUkkydkh5YVhLUjNEc0thYWVVaHluSHhRRXVTaWNiZkM0akp6TGs2b1hzYnZmcmhJakdFcFgzVmdvSDZSRlJ0aWhlS2V3cFJSS1RBMTU0S2EzUEk2RUNseWlSXzFSdGxYU05LeElQRmlBc3BVaklIdk5RV1JlVG96YnlDQkhuMXFaeXdsZmk0cGRfLUtB?oc=5) · CUInsight
- 2026-03-02 [ATM ‘jackpotting’ theft spree included $60,000 from NH credit union, DOJ alleges - Manchester Ink Link](https://news.google.com/rss/articles/CBMirAFBVV95cUxQVXUyV3dpZldFcmx3SnY1eDBHdUh5S2I0RVVPVjkxcWxZYnR1RnFCNWlBMEJvREVtUzQ4OGJCbFJMTDRKNmFMUm9JaWRBekExWmZackZuU2thUGFET1JiSU1XVUFuZHFiaXZfQ2R4SXUwNTlGeGExdHNuenJudnRmcEpMRXhEWnI4WWtoLWRuSVdUeFRoRHUzV1pHNVR2aWNKLWNfUEg5S3diTHhx?oc=5) · Manchester Ink Link
- 2026-03-09 [Suspects Tied to International Crime Ring Accused in New England ATM Jackpotting Attacks - CUTimes](https://news.google.com/rss/articles/CBMiwgFBVV95cUxNRV81RFVraXJLTjVCc01ickZXRHQxMXlJdGhrcm5BYXJ3azAtMFN1dkZmRXpFS2RIVmlZUmxERlpSaUxNWHM5NDFUaDRGUzFQYklTS2c3eDdOemdFUW1TMUhobjV1VHNIV0pWYmQ5SThZOC1VaVI4OW44bDNna0w5MDZOMVNsWm9vSHdBTjVTWDlsZE83RDljXzRTT3d1cDN5SzNzY2htUkJVSm1RcTNXY202UEV6cDhwNDl4VGVjRU04UQ?oc=5) · CUTimes
- 2026-02-26 [Venezuelan gang’s ATM jackpot scheme hits New England banks - The Boston Globe](https://news.google.com/rss/articles/CBMimgFBVV95cUxQNUpmVWo2SXJDUEM1alpySlhFU2w5UEMzVG5PT2xxRS1ybXdYSHlfckJkTlotN1ZoOHdPQkZfSjFWNG93U3FOSTJFSk5OVXk1b0Z1LUpJcHdNbGlnc01IS3dkU182YnJsWDhrYm5mWHBWaUVoU3pLQ1dXeUhqSmRVOVdtQ3hNUm9KQ0NnSHNBRnBvUFh6cWNtX0NB?oc=5) · The Boston Globe
- 2024-10-14 [2024 Best Companies to Work for: 20. Granite State Credit Union - Business NH Magazine](https://news.google.com/rss/articles/CBMipwFBVV95cUxPbHdBaGpQclQ0dDRreTJTUGtXZWdnSTlBREpFNXRLV2x6MHFfa1luVWZfaUJaM2x2bWlnUC1YYUVHMFBOQjNlXzl1eDk1dzBMLVRNSnVZMGFrdGNBZ2s0dENjdENhVmduU0RRTG5XV1hhSDBHaGtPTFM3ZDhkZjRNRWxfS19GeVVYUXpkRnYwRlg2OUdjQ0Q0LXVvUy1FcGpWV3JuZmJzNA?oc=5) · Business NH Magazine
- 2024-07-15 [The Ridge Outdoor Movies Sponsored by Granite State Credit Union - New Hampshire Public Radio](https://news.google.com/rss/articles/CBMiygFBVV95cUxNcDhtaDA1Qi1ZeTdqZ055RkN6bEZid09wSGIxSE1ERENPYXZaVVdLQnFmdHBVQTVaUXRiY1FuZmZ5TmtzSXhpMG9XeU5TU1JwZURCRHFCVE9lZll6SDRwWW9kcEVqYzFVVExyWFVFMFdhSy1iSW9qaGdEYU5MY2lwTi13cWV6Ui1RWHZsMjl6V2VQZUFwTHRxa2w1UUc0VS1UeDloTEJGUkw3Vy1ZUkRra3l1bXh6WXlRLVhSWV92SV95ejJQUWdBRjhn?oc=5) · New Hampshire Public Radio

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=63272 (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/40.json (key "63272", 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=63272
- 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