# ARMCO
BUTLER, PA · NCUA charter 65291 · asset band $500M-1B · latest filing 2026-03 · live
Share link (named URL with a preview card): https://getbookiq.com/cu/armco-65291

Who the members are: state charter, organized 1935. 43,497 members of 46,000 potential (94.6% of the field); checking penetration 55% (share draft accounts per 100 members); loans per 100 members 48.

**Verdict on the desk:** this could be *ordinary*. Composite score 0 of 18 (one point per flag across 17 flags, capital below 7% counted twice).

## What the filing shows

| Measure | Value |
|---|---|
| Total assets | $717.6M |
| Members | 43,497 (2.4% YoY) |
| Full-time staff | 99 |
| Net worth | $96.1M |
| Net worth ratio | 13.4% (p85 of band) |
| ROA (annualized) | 0.72% (p57 of band) |
| Total delinquency | 0.47% (p37 of band) |
| Net charge-offs (annualized) | 0.07% (p7 of band) |
| Loans / shares | 80% (p48 of band) |
| Cash / assets | 24.3% |
| Borrowings / assets | 0.00% |
| Net interest margin | 2.88% (p15 of band) |
| Operating expense / assets | 2.81% (p16 of band) |
| Vehicles % of loans | 36% (p65 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 0% |
| Third-party paper % of net worth | 0% (p7 of band) |
| Vehicle delinquency | 0.21% (p13 of band) |
| Vehicle NCO | 0.16% (p8 of band) |
| Repossessed % of vehicle book | 0.00% (p18 of band) |
| Real estate % of loans | 47% |
| Credit cards % of loans | 1% |
| Unsecured % of loans | 3% |
| Commercial % of net worth | 50% |
| Core shares % of member funds | 65% |
| Certificates % of member funds | 30% |
| Average share balance | $8,055 |
| Participations bought / yr | $0 |
| Participations sold / yr | $0 |
| Participations outstanding | – |
| Loans outstanding per 100 members | 48% |
| Loans granted per 100 members, annualized | 19% |
| Average loan balance | $24,077 |
| Loans granted, annualized | $253.1M |

## Flags firing in the latest filing

- none

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 0 |  |  |
| 2016-06 | 0 |  |  |
| 2016-09 | 0 |  |  |
| 2016-12 | 0 |  |  |
| 2017-03 | 0 |  |  |
| 2017-06 | 3 | net worth falling, delinquency rising, members leaving |  |
| 2017-09 | 1 |  | net worth falling, delinquency rising |
| 2017-12 | 0 |  | members leaving |
| 2018-03 | 0 |  |  |
| 2018-06 | 1 | net worth falling |  |
| 2018-09 | 0 |  | net worth falling |
| 2018-12 | 0 |  |  |
| 2019-03 | 0 |  |  |
| 2019-06 | 0 |  |  |
| 2019-09 | 0 |  |  |
| 2019-12 | 0 |  |  |
| 2020-03 | 0 |  |  |
| 2020-06 | 1 | net worth falling |  |
| 2020-09 | 2 | margin squeeze |  |
| 2020-12 | 2 |  |  |
| 2021-03 | 2 |  |  |
| 2021-06 | 1 |  | margin squeeze |
| 2021-09 | 1 |  |  |
| 2021-12 | 1 |  |  |
| 2022-03 | 1 |  |  |
| 2022-06 | 0 |  | net worth falling |
| 2022-09 | 0 |  |  |
| 2022-12 | 0 |  |  |
| 2023-03 | 1 | loans>95% of shares |  |
| 2023-06 | 1 |  |  |
| 2023-09 | 2 | delinquency rising |  |
| 2023-12 | 2 |  |  |
| 2024-03 | 0 |  | loans>95% of shares, delinquency rising |
| 2024-06 | 1 | delinquency rising |  |
| 2024-09 | 1 |  |  |
| 2024-12 | 2 | net worth falling |  |
| 2025-03 | 2 |  |  |
| 2025-06 | 1 |  | delinquency rising |
| 2025-09 | 1 |  |  |
| 2025-12 | 0 |  | net worth falling |
| 2026-03 | 0 |  |  |

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

- 2026-07-21 [Armco Credit Union prepares to reopen Butler headquarters - Butler Eagle](https://news.google.com/rss/articles/CBMimwFBVV95cUxPLWFPWjh5bm40ZUlmWHVuNmgzNlphX3NsQ2RuT05xUlRUR3ZJamRYRm5DUTcyalFiV0tfT2xOZVpCVEd3MXBDNjdWLW4xUEJueEpGcUdhRzVLWk40V0RTampvREpRVURxQW8tTFcyd19sc0hoc05RREhjV1VWU3hCYzBtb19kQnZJOVNxQl93MmcwWDYwa0JfOE94Yw?oc=5) · Butler Eagle
- 2026-04-14 [Armco Credit Union plans new branch, buys former First Commonwealth building - The Business Journals](https://news.google.com/rss/articles/CBMiggFBVV95cUxQdGVlX2RWQUg3cGw5NDJaVkdDRUk4UnlLTHVCX2JYYWV3ZDFCQ3RUM0FmRDVScVYyT24tVHdzSVhLRFZqcWhPX25EcnQ3OFVFV045a3BUUlRlNW0yNDRyR0lWaXRVemJYdGtCTGJJNFlIQ1RQd2VXT2FDaktxVlFBQWJ3?oc=5) · The Business Journals
- 2026-04-15 [Armco Credit Union plans new branch, buys former First Commonwealth building - WPXI](https://news.google.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?oc=5) · WPXI
- 2026-04-15 [Armco Credit Union Opening Branch in Sarver - butlerradio.com](https://news.google.com/rss/articles/CBMid0FVX3lxTE1XYzFrem13VWp1VG5wdk9YZW9WUUpnV0lnSUx4TkdaTHp5RWhXb05fZW9Eazd3SDcteVYwR3lSSzE2MUpib3RYU2VSYzJPNU9WcGsyaW5WU21LUFU5dTJCOVBuaFI1aTRMbUZlV2pMV1lzaVVMX0tN?oc=5) · butlerradio.com
- 2026-05-01 [Armco Credit Union to reopen Butler drive-through - Butler Eagle](https://news.google.com/rss/articles/CBMikAFBVV95cUxQQkNfeW9Id3llUnRnT3p4cWJlRzFjRE5sdndQOWhYUTRpcEZrcHhzQkJ4ckNVUWxwcC0zMUEzVkZja2dnLVdfTk9DRUlpMi1TWThNUFo1T2hMZFVIWUxhVC1sNnluVGtKV1RKeThpRDNjTlY4b192ajExTUZvTTZTMUhjNS1URTZ3bS10VGNVMWc?oc=5) · Butler Eagle
- 2026-02-14 [Armco Credit Union announces new executive leadership - thecorryjournal.com](https://news.google.com/rss/articles/CBMi3AFBVV95cUxNLS04cm5Lck5fLUM5YjIzVUR6MWlOUFR3M0xXR3dwT1NabEZWWlBzbGJRSGVMaktaTjdWWlk5V3ZxQXZwVlMyVEczaTJ1dUE3b3BCcG13SnMtYlJmMUs3VTcxR19CQnQwNFY4WWkzV2dIZXp0cjdaMlJYRFd4VGZCakF2WTUzMHRDel9telZrOWlyUDdHc2pRM0RnWVFYQzhqdWd6OWI0N1pndXZFWk5OaW5ubk93SUxPOVBmRy1vWVppMy0ycWxNYWNSOVdlN0xMYXJ4SGlEOV9NMDRM?oc=5) · thecorryjournal.com
- 2026-07-28 [Armco Credit Union Reopens Pullman Location - butlerradio.com](https://news.google.com/rss/articles/CBMid0FVX3lxTE80VHJsS0JWVDZEYmNOZ0tYZXhOREhCdXN2VTVwdGZOT2xIM3UzTUI5SUFILXFsRlJXZEI2WGxiRkRMWWpVRnNrTVozX2huSUxFSUdpUDVzME9SdTI5Z2VOVkEtbkxwS0o0Q3JaVFVlQkh0eWZuTHlB?oc=5) · butlerradio.com
- 2026-04-14 [Armco Credit Union to open Sarver branch - Butler Eagle](https://news.google.com/rss/articles/CBMihAFBVV95cUxOd1dRd2hPdGNTMldud0d3ZkF6RnFreXJFLWEzUTRBa3o5UzMxOGxDcDhFN3hWVXItdDRzM2NFZHRvX2FMUnlFLWY0aEtYSTJVNHk1QVpuQjE5QnBQRHZvV0ZCMVRPbzFyRnVSUEZTdEEtLTVfd1ZNc1pmYlFkdkU3azBGQm8?oc=5) · Butler Eagle

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=65291 (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/11.json (key "65291", 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=65291
- 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.

---
Rendered 2026-09-10 from the desks' own data files. Full guide: https://getbookiq.com/guide