# RED OAK
Tuscaloosa, AL · NCUA charter 63940 · asset band <$50M · latest filing 2026-03 · live
Share link (named URL with a preview card): https://getbookiq.com/cu/red-oak-63940

Who the members are: state charter, organized 1955, low-income designated. 5,730 members of 10,000 potential (57.3% of the field); checking penetration 48% (share draft accounts per 100 members); loans per 100 members 63.

**Verdict on the desk:** this could be *stressed*. Composite score 6 of 18 (one point per flag across 17 flags, capital below 7% counted twice).

## What the filing shows

| Measure | Value |
|---|---|
| Total assets | $40.5M |
| Members | 5,730 (33.5% YoY) |
| Full-time staff | 10 |
| Net worth | $2.5M |
| Net worth ratio | 6.3% (p1 of band) |
| ROA (annualized) | 0.73% (p58 of band) |
| Total delinquency | 0.73% (p53 of band) |
| Net charge-offs (annualized) | 0.00% (p37 of band) |
| Loans / shares | 60% (p53 of band) |
| Cash / assets | 12.3% |
| Borrowings / assets | 17.40% |
| Net interest margin | 3.85% (p49 of band) |
| Operating expense / assets | 4.81% (p76 of band) |
| Vehicles % of loans | 33% (p20 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 0% |
| Third-party paper % of net worth | 0% (p43 of band) |
| Vehicle delinquency | 0.97% (p64 of band) |
| Vehicle NCO | 0.00% (p35 of band) |
| Repossessed % of vehicle book | 0.00% (p46 of band) |
| Real estate % of loans | 49% |
| Credit cards % of loans | 14% |
| Unsecured % of loans | 17% |
| Commercial % of net worth | 0% |
| Core shares % of member funds | 77% |
| Certificates % of member funds | 12% |
| Average share balance | $4,227 |
| Participations bought / yr | $0 |
| Participations sold / yr | $0 |
| Participations outstanding | – |
| Loans outstanding per 100 members | 63% |
| Loans granted per 100 members, annualized | 2% |
| Average loan balance | $5,225 |
| Loans granted, annualized | $1.4M |

## Flags firing in the latest filing

- **thin capital** (`cap_low`)
- **capital below 7%** (`cap_critical`)
- **assets shrinking** (`shrink_assets`)
- **loan book shrinking** (`shrink_loans`)
- **leaning on borrowings** (`str_borrowings`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 1 | delinquency 2x band |  |
| 2016-06 | 2 | repo signal |  |
| 2016-09 | 2 |  |  |
| 2016-12 | 2 |  |  |
| 2017-03 | 2 |  |  |
| 2017-06 | 2 | net worth falling | repo signal |
| 2017-09 | 2 | charge-offs p90 | net worth falling |
| 2017-12 | 2 | members leaving | charge-offs p90 |
| 2018-03 | 4 | delinquency rising, repo signal |  |
| 2018-06 | 4 |  |  |
| 2018-09 | 4 | charge-offs p90 | repo signal |
| 2018-12 | 3 |  | members leaving |
| 2019-03 | 2 |  | delinquency rising |
| 2019-06 | 3 | repo signal |  |
| 2019-09 | 3 |  |  |
| 2019-12 | 3 |  |  |
| 2020-03 | 6 | net worth falling, delinquency rising, members leaving, auto monoline | charge-offs p90 |
| 2020-06 | 8 | margin squeeze, charge-offs p90, loan book shrinking | delinquency rising |
| 2020-09 | 6 |  | repo signal, auto monoline |
| 2020-12 | 8 | losing money, auto monoline |  |
| 2021-03 | 6 | repo signal | members leaving, loan book shrinking, auto monoline |
| 2021-06 | 5 |  | repo signal |
| 2021-09 | 3 |  | net worth falling, margin squeeze |
| 2021-12 | 4 | repo signal |  |
| 2022-03 | 3 | assets shrinking | losing money, repo signal |
| 2022-06 | 4 | repo signal |  |
| 2022-09 | 3 |  | assets shrinking |
| 2022-12 | 3 | net worth falling | delinquency 2x band |
| 2023-03 | 4 | delinquency 2x band, members leaving | repo signal |
| 2023-06 | 3 |  | net worth falling |
| 2023-09 | 4 | leaning on borrowings |  |
| 2023-12 | 7 | thin capital, losing money, 3rd-party paper>100% NW |  |
| 2024-03 | 9 | net worth falling, delinquency rising |  |
| 2024-06 | 7 | margin squeeze | delinquency 2x band, members leaving, delinquency rising |
| 2024-09 | 7 |  |  |
| 2024-12 | 7 |  |  |
| 2025-03 | 6 | delinquency 2x band | charge-offs p90, margin squeeze |
| 2025-06 | 6 | repo signal, assets shrinking | net worth falling, delinquency 2x band |
| 2025-09 | 8 | capital below 7% |  |
| 2025-12 | 9 | net worth falling, loan book shrinking | repo signal |
| 2026-03 | 6 |  | losing money, 3rd-party paper>100% NW, net worth falling |

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

- 2026-02-20 [Ready, set, grow: Arbor Day sprouting up across Baldwin County - Gulf Coast Media](https://news.google.com/rss/articles/CBMiowFBVV95cUxQR01iTlN3S2M4ZEh0VnBtcWE5WnFSdjNTQlV5VmlNMnlwM0ZtTUQ3SEdDRkItZjBtWnprSVZUY0I3aDV4dFE4ek9TMVdwdHJhMkJpWWpiWjhlTVlkWlpVeWFmNy1iT0lmNE93MURJZF9Bd0xtSHpGejZNM0J0SXVVR3ZHcW1CdTkxcEk3UUN4Y1JnXzdOUDZ6VWNrQTdOSThwakN3?oc=5) · Gulf Coast Media
- 2026-04-29 [Route 66 The 100-Year Ride: Red Oak II near Carthage, Mo. - KY3](https://news.google.com/rss/articles/CBMiigFBVV95cUxQejJlLV9FU1RhSGlkdDdwWWppOFg0ODhXSU1DT25zWnF0bnljWWRpOVJGQjBTVVI2Y0xuV1FCOFBPRUV6WjJyeXpYV011VXZONGllaFZmSFg0eHNqcklLdjJUZFdhSkg1TXdSVFU1RTR0VWNMX25OeEdQN1FhU3dsY2VUNlJwQWVYTmfSAZ4BQVVfeXFMTnVXbzM5WHI4OUZmUXp6TVFrbXZOVFFSY0V4Tl85M1BSeDFZSDVKY1N6ZWszVmt5T0ZicVIyYjVfN2h2RHhYYmFKT1VpY25RZXVTeEVLNXlwbk9JMFc1UWkwbmFHZU1vWlUydU1SQXJNZXhHcmxzR3JQSVdTTE1WS3VEZE16akM3WGRDRFNMVDZsc1NwdlFxd0xXRXlfTEE?oc=5) · KY3
- 2020-08-04 [Red Oak Capital Group Names Gary Bechtel Chief Executive Officer - PR Newswire](https://news.google.com/rss/articles/CBMivAFBVV95cUxQNVpwLWlKeWNMWmhnajFwVU9zMlRSLU1pQ0Vpdlhmdzk1aVNnc3hqa2xQVVRIVHZGVGpXUDdKMXFncW5PazJpeHFwZmlJY2ZCaUtyRm41TV8zQkcwbEo0REpDRVRyZlhyVUZxRVhSTG80YkRuWkh1dXhIZHhhX0o0NFk0MnZHQkNzMk1PblpTQk5PY1B2TC1OXzBuZXJITVlJclZMWmoyTHVqSTdreGxzcGc5ZkNGU0thZGRqaA?oc=5) · PR Newswire
- 2024-12-06 [Ex-CEO of Red Oak Capital gets 5 years in prison, ordered to pay $5.8M - Crain's Grand Rapids](https://news.google.com/rss/articles/CBMiwgFBVV95cUxQUVMxNmRNUml5V0pmVFhfNnNvWW14Mzg1cTRpYmVZYlctd1YxQW5iZkdKUWVvREhZbnBfb0N2S1Rjc2tIQUU4T2gxRVVLUFI0R29LU0toQVE0RDZVZVYyLUlkSHlPUFdMbV9WYkZUMWhTYnRrYmZlc0J6R3VuV29wT19vSXczaUZBQWtaUG1aT2o4Qldzd0xwMVhwaTZrTW1nX0FfMzJicUo1RVRlM0tWZUUtYU1HTFJEeWpRelk5RXVNUQ?oc=5) · Crain's Grand Rapids
- 2021-03-02 [Tuscaloosa Mayor Walt Maddox Re-Elected to Fifth Term - Tuscaloosa Thread](https://news.google.com/rss/articles/CBMiiwFBVV95cUxON0FQMnF3LVJtN1J3UW9DaTRHWHdhT1JkeGpiMUxTVXg4R2t5OXp3R3Z4YUc3TjVXbUhfXzhhUGtZSVlPUjhVcVVPQkRjQ1NmV1phckplS2l0OXI1YW1XbzA3dVJXVGU2bG1nSDd1b2lwS09aUWVweVV4M2VaM1kxckhlQ3c1d1lfekFN?oc=5) · Tuscaloosa Thread
- 2025-08-14 [New Mural Telling Vienna History, Honoring Vets Unveiled At Company's Headquarters - Patch](https://news.google.com/rss/articles/CBMitAFBVV95cUxNd2FxcEpvU09GalU0QzdrX09EamkxazdYeFZYY3dNWXYxd011SnYzZ3p3aDloNFF3dzNGdm5ZYU4xM0E3N3c5b19HWEpDd01EOUJUb2w4M2ctVU5MajU3LWlELVV2dHM2RHFmWFhSMFpFWjhiYnQzT20wOFR0cTJzbGFWcG53akc4LU5tYzI4dUQzVG5qalpnZURJZnFsWXkyODdQWVA2UVN0aDN2a3BKdTJSTkM?oc=5) · Patch
- 2017-02-06 [Red Oak High School Athletes Sign Letters Of Intent - Focus Daily News](https://news.google.com/rss/articles/CBMihwFBVV95cUxPXzFlTGdxVzRxbXVBYXVxWWtxV0xoT2F6Z0V2VTh3d0pmZGs3MGcyTFpjWlY0eGJFeUs2NkZ5b0NNODBmMHpLN053dWF6OFhSNnNscjF0VDc5c0NIekRaWTBVTzNyZEdhYUtUYlQ3eVpNd2VwVExOSjZpa0J0SXlnVVc2bm1FcHc?oc=5) · Focus Daily News
- 2026-08-24 [Menomonie Public Library Celebrates 40th Year At Current Facility This Fall - Volume One](https://news.google.com/rss/articles/CBMi1wFBVV95cUxOb1k1Rmhld1lhVjY2aDIzLVA2bGJ5Zy1tZVQ1ZUFweU5DVUVZYzJwVmFhQ0hQNnpoMmxGb1k1YVdiUUREZS1BSmhQMVVsbGFPbTU3Rk5sSnBvNmxRa3FIdko1RXpyeEVUMTc5dVR5WXc4UEl3N1VzWm5TZUpSamNoR2hwYWpNcFRmWm9wX1BqcTNrVkFaRk93NUIweFFUcXZONExKUDA5Slp3dzRjSDgzWU5JQjJfMEVGWWpfS2xhX3c1djNtTHk1TjJvUWNRS0x3MmdXQ2R3bw?oc=5) · Volume One

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=63940 (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/4.json (key "63940", 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=63940
- 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