# ALABAMA STATE EMPLOYEES
Montgomery, AL · NCUA charter 64598 · asset band $200-500M · latest filing 2026-03 · live
Share link (named URL with a preview card): https://getbookiq.com/cu/alabama-state-employees-64598

Who the members are: state charter, organized 1954, low-income designated. 39,014 members of 575,000 potential (6.8% of the field); checking penetration 66% (share draft accounts per 100 members); loans per 100 members 51.

**Verdict on the desk:** this could be *auto monoline*. Composite score 4 of 18 (one point per flag across 17 flags, capital below 7% counted twice).

## What the filing shows

| Measure | Value |
|---|---|
| Total assets | $460.9M |
| Members | 39,014 (-4.9% YoY) |
| Full-time staff | 120 |
| Net worth | $54.6M |
| Net worth ratio | 11.8% (p58 of band) |
| ROA (annualized) | 0.72% (p53 of band) |
| Total delinquency | 0.29% (p20 of band) |
| Net charge-offs (annualized) | 0.68% (p76 of band) |
| Loans / shares | 59% (p19 of band) |
| Cash / assets | 23.6% |
| Borrowings / assets | 0.00% |
| Net interest margin | 3.69% (p60 of band) |
| Operating expense / assets | 4.12% (p68 of band) |
| Vehicles % of loans | 62% (p92 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 47% |
| Third-party paper % of net worth | 139% (p69 of band) |
| Vehicle delinquency | 0.44% (p41 of band) |
| Vehicle NCO | 1.03% (p71 of band) |
| Repossessed % of vehicle book | 0.00% (p25 of band) |
| Real estate % of loans | 18% |
| Credit cards % of loans | 4% |
| Unsecured % of loans | 11% |
| Commercial % of net worth | 16% |
| Core shares % of member funds | 43% |
| Certificates % of member funds | 13% |
| Average share balance | $5,405 |
| Participations bought / yr | $0 |
| Participations sold / yr | $0 |
| Participations outstanding | $6.0M |
| Loans outstanding per 100 members | 51% |
| Loans granted per 100 members, annualized | 10% |
| Average loan balance | $12,251 |
| Loans granted, annualized | $78.3M |

## Participation posture (from the same filings)

Bought $0 and sold $0 in the latest annualized quarter; $6.0M outstanding purchased (11.0% of net worth), $0 sold and retained. Sold in 0 and bought in 0 of the last 8 quarters. Shares 9.4% year over year.

## Flags firing in the latest filing

- **net worth falling** (`cap_falling`)
- **members leaving** (`shrink_members`)
- **3rd-party paper>100% NW** (`str_thirdparty`)
- **auto monoline** (`str_vehicle`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 1 | auto monoline |  |
| 2016-06 | 1 |  |  |
| 2016-09 | 1 |  |  |
| 2016-12 | 1 |  |  |
| 2017-03 | 2 | net worth falling |  |
| 2017-06 | 2 | expense trap | net worth falling |
| 2017-09 | 2 |  |  |
| 2017-12 | 2 |  |  |
| 2018-03 | 2 |  |  |
| 2018-06 | 3 | 3rd-party paper>100% NW |  |
| 2018-09 | 4 | delinquency rising, charge-offs p90 | expense trap |
| 2018-12 | 4 |  |  |
| 2019-03 | 5 | delinquency 2x band |  |
| 2019-06 | 4 |  | delinquency rising |
| 2019-09 | 3 |  | delinquency 2x band |
| 2019-12 | 4 | net worth falling |  |
| 2020-03 | 5 | margin squeeze |  |
| 2020-06 | 5 |  |  |
| 2020-09 | 4 |  | charge-offs p90 |
| 2020-12 | 4 |  |  |
| 2021-03 | 5 | thin capital |  |
| 2021-06 | 3 |  | net worth falling, margin squeeze |
| 2021-09 | 2 |  | thin capital |
| 2021-12 | 2 |  |  |
| 2022-03 | 2 |  |  |
| 2022-06 | 2 |  |  |
| 2022-09 | 3 | delinquency rising |  |
| 2022-12 | 3 | assets shrinking | delinquency rising |
| 2023-03 | 4 | delinquency rising |  |
| 2023-06 | 3 |  | delinquency rising |
| 2023-09 | 3 |  |  |
| 2023-12 | 3 |  |  |
| 2024-03 | 3 |  |  |
| 2024-06 | 4 | expense trap |  |
| 2024-09 | 5 | delinquency rising, members leaving | assets shrinking |
| 2024-12 | 4 |  | delinquency rising |
| 2025-03 | 4 | net worth falling | expense trap |
| 2025-06 | 3 |  | net worth falling |
| 2025-09 | 3 |  |  |
| 2025-12 | 3 |  |  |
| 2026-03 | 4 | net worth falling |  |

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

- 2015-09-21 [Alabama State Employees' CU CEO retires after 26 years - WSFA](https://news.google.com/rss/articles/CBMilAFBVV95cUxNc3ZDM3ZGMnJQSnVoOUJMMEM2Y1ppejJJODlHSDhCZDc4WlRNN042eklWbGE2QXljRUJTbW9LVzFDOW9WMTF0S3BoMEFaUktFVlZxOF9palJiSTFITWxzZ3RHb3poQUo0cDBwa0tTSDNxcnhoVmtMWEVFeHFvZEZ1QlJ1RFMxcUl5TjJYS1J0NXdMWEE20gGnAUFVX3lxTFBZRnljaGtRenQ1R09wY2FvZUpfSUZNMTRtTmZZRklaRjNGY2loRkhhcTRJRHZaMTc0U3JuMTM1QXV6SXpHZElHV2JSeUk1dkYwZXlEd0o3Smo2STF4elRJSUkxWU9fZ2dkUGhxb3UtZEJ5ZEtXVGVFREFsMjdZTDRvWnpBWlQ0NFBUTXdGVHJhczdWeFA1Z3lnX1NpTlJVYkpHRHBHdzA4?oc=5) · WSFA
- 2025-04-09 [America's Best Regional Banks and Credit Unions 2025 - Alabama - Newsweek Rankings](https://news.google.com/rss/articles/CBMijgFBVV95cUxPQmVZc2dvS3dXQkpiX250UWRzYnBjSGF5ZDRLMUwtMEtGQ0hTODRZX0tFblFOOGpZb3kyWkZheHFlR19GRVFMal85UElvTjQyXzVCSlZ0ZmZBZUZiUm5lV19MRWFjRE5DNkdSeFZqV2REaUNPRXZaRVN4Nk9RcThkNHZhTGF6eXp0OThkejVn?oc=5) · Newsweek Rankings
- 2025-10-07 [Regional Banks, CUs: 3 Proven Strategies to Drive Growth - Resourceful Finance Pro](https://news.google.com/rss/articles/CBMifEFVX3lxTFAxR0V1c1lIRy1GXzQtSGNTNk9EM3N6NjM2M3FzT0p2b2hTUDc2aEw2NVR2Z0lUaDBUYXRTckJsanRGWXdsenQ1SnU3SEw3bldSSWhEcmNqLWdMMVNIM3R1Sks5a2FoZy0xTkpoUkVOaVJISDFDd01PR3IzM3I?oc=5) · Resourceful Finance Pro
- 2021-10-09 [James Thomas "Tom" Brassell - AL.com](https://news.google.com/rss/articles/CBMijwFBVV95cUxNeENsTzM3WEttQTVrel9fUFgyaEN3SGRQWXZpcVlHM1RLUVYyWTZzb1hMQ1Fod25URFBVLXdLeW9YN3V6cjlmUkZtY3FrRHZCM0xHNkhPYTRpcGlSRkh3Z2lWQzRNLUVFRU1jVi1NcUpKSXRQVHNGYWlQbkhnM1BNWVZtaHVSb0JCUzBCd1dSTQ?oc=5) · AL.com
- 2022-11-14 [Sarah Lee Williams Obituary in Montgomery at Ross-Clayton Funeral Home, Inc. - articobits.com](https://news.google.com/rss/articles/CBMimgFBVV95cUxQVzQ3QUxrSHpuSmVMTkZTemg4RFBmRmRydTZFRXlKaXlDSXV3Ql9VVWowS0M5Y19WQ3BwN1ZBTDQwbzhhekg0RVNnVmpfcjZuWk5FY2JjblhkR3Mwc1BTU2pYX2x0TjNqU3dKMi0wZ1NkMFVNRmktdmltekJUY3Bob29xd29OdXRpREVxY081bjBuR0hVWENyRzNR?oc=5) · articobits.com
- 2017-08-17 [Heartland Data Breach Update: Thousands of Institutions Impacted - BankInfoSecurity](https://news.google.com/rss/articles/CBMiogFBVV95cUxNWVEyRWhPeVlpYXZaX19sN1VhVk5zZ1RJb2xUMlNFUmhWdnU2c1NxVXRJcVBxYTJXM0ptVjFreVRaQjJQNkdoQmFKWmQxU3ZNMU5ROGRsbVVreFdIeUhHMmEwSjdnaHVoaDd3ZmhWQmdDX1huU3UyeFlYakxsMW1DTEJEMmVsR3BLelpjd0xENjB1eFBqOXFFcFdtc1lqVE44YlE?oc=5) · BankInfoSecurity
- 2017-12-28 [Gene Stabler Obituary - Montgomery, AL - Dignity Memorial](https://news.google.com/rss/articles/CBMigwFBVV95cUxPRnVNcVltVUFhRnBaN2s3bC1NcUM3RF9GU2ZuWWF4MzZUeDhTMlp5SG83bUpLSWVmWFFZZVZ0U3p6OFMxVEJFenNUMUZMcV9TdXlHMzMyTG5rSURKVjFMN2Z3aDFtcW1ydXFUWXRWeXB1RVI3UEprTkdzdFBZUEJUdDJkWQ?oc=5) · Dignity Memorial
- 2017-12-31 [Robert Stabler Obituary (1936 - 2017) - Montgomery, AL - Montgomery Advertiser - legacy.com](https://news.google.com/rss/articles/CBMingFBVV95cUxOVUNIYlg5ZTk5dnNfYzFINVRId3pwcEQtcmg4MVhZdG5idFpmM2dYbFNRQmE2ZEJCT0p6cjZWbTA5MGpxY0IyZXk0TUE5cjFEY0NPWnVPS1BYQ0c4aHJZT1VxaUVFT3d1NGJLQ0NQenBQNF9JMElST0xGdHdFY2VhU21udFZGeG9zRVRYOTdKUzZsdHJfQmxya0IxVklhUQ?oc=5) · legacy.com

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=64598 (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/22.json (key "64598", 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=64598
- 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