# BORGER
Borger, TX · NCUA charter 6625 · asset band <$50M · latest filing 2022-12 · stopped filing after 2022-12 (departed; for a credit union that is almost always a merger)
Share link (named URL with a preview card): https://getbookiq.com/cu/borger-6625

Who the members are: federal charter, multiple common bond, organized 1950, low-income designated. 2,090 members of 13,000 potential (16.1% of the field); checking penetration 58% (share draft accounts per 100 members); loans per 100 members 45.

**Verdict on the desk:** this could be *too clean*. Composite score 3 of 18 (one point per flag across 17 flags, capital below 7% counted twice).

## What the filing shows

| Measure | Value |
|---|---|
| Total assets | $18.2M |
| Members | 2,090 (-2.6% YoY) |
| Full-time staff | 6 |
| Net worth | $2.0M |
| Net worth ratio | 10.8% (p37 of band) |
| ROA (annualized) | -1.54% (p4 of band) |
| Total delinquency | 0.00% (p8 of band) |
| Net charge-offs (annualized) | 0.15% (p59 of band) |
| Loans / shares | 62% (p61 of band) |
| Cash / assets | 42.5% |
| Borrowings / assets | 0.00% |
| Net interest margin | 3.00% (p65 of band) |
| Operating expense / assets | 5.94% (p95 of band) |
| Vehicles % of loans | 69% (p66 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 0% |
| Third-party paper % of net worth | 0% (p42 of band) |
| Vehicle delinquency | 0.00% (p17 of band) |
| Vehicle NCO | 0.00% (p27 of band) |
| Repossessed % of vehicle book | 0.00% (p47 of band) |
| Real estate % of loans | 4% |
| Credit cards % of loans | 4% |
| Unsecured % of loans | 9% |
| Commercial % of net worth | 0% |
| Core shares % of member funds | 71% |
| Certificates % of member funds | 8% |
| Average share balance | $4,567 |
| Participations bought / yr | $0 |
| Participations sold / yr | $0 |
| Participations outstanding | – |
| Loans outstanding per 100 members | 45% |
| Loans granted per 100 members, annualized | 26% |
| Average loan balance | $10,675 |
| Loans granted, annualized | $6.4M |

## Flags firing in the latest filing

- **losing money** (`earn_negative`)
- **expense trap** (`earn_opex`)
- **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 | 2 | repo signal |  |
| 2016-12 | 1 |  | repo signal |
| 2017-03 | 2 | delinquency rising |  |
| 2017-06 | 1 |  | delinquency rising |
| 2017-09 | 3 | assets shrinking, members leaving |  |
| 2017-12 | 2 |  | members leaving |
| 2018-03 | 2 | losing money | assets shrinking |
| 2018-06 | 1 |  | losing money |
| 2018-09 | 2 | delinquency rising |  |
| 2018-12 | 2 | assets shrinking | delinquency rising |
| 2019-03 | 2 |  |  |
| 2019-06 | 1 |  | assets shrinking |
| 2019-09 | 1 |  |  |
| 2019-12 | 2 | delinquency rising |  |
| 2020-03 | 3 | losing money |  |
| 2020-06 | 5 | net worth falling, members leaving |  |
| 2020-09 | 3 |  | losing money, net worth falling |
| 2020-12 | 2 |  | delinquency rising |
| 2021-03 | 5 | net worth falling, losing money, margin squeeze |  |
| 2021-06 | 2 |  | members leaving, net worth falling, margin squeeze |
| 2021-09 | 2 | margin squeeze | losing money |
| 2021-12 | 2 | losing money | margin squeeze |
| 2022-03 | 1 |  | losing money |
| 2022-06 | 2 | delinquency rising |  |
| 2022-09 | 3 | margin squeeze |  |
| 2022-12 | 3 | losing money, expense trap | delinquency rising, margin squeeze |

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

- 2014-08-08 [Missing funds spark investigation at Pantex Federal Credit Union - Amarillo Globe-News](https://news.google.com/rss/articles/CBMiekFVX3lxTE9HVGtnZzY4VkluRUYxQlZIcUxqR1ZTUjhxSGhnbVJIUmMtVmtxdHZ4TFdDUm9Zdm9XZXdDd1BySDZ5Q0ZzajgwUklNVm9mYXl5ODBacVV1bXdMdl9rNUEySkNfZEZQSHltOHhDd2oyU0d5eGx2VGo5dXFn?oc=5) · Amarillo Globe-News
- 2007-11-09 [Mason Frost Obituary Nov 9, 2007 - Minton-Chatwell Funeral Directors](https://news.google.com/rss/articles/CBMiY0FVX3lxTE90OEZVb01kUUZQU0xueXdOcjkwUUY4RDRFMnRmMmx2Z0NsUXpwUF9seDdFUjJtSWFoc1I2X1NRQ1RMY1AzUzFUNG9fbXdua3diR2RJUm9zeFBJUU10RGhSUl9YNA?oc=5) · Minton-Chatwell Funeral Directors
- 2023-04-02 [Sorry Borger, city confirms Taco Villa not 'coming soon' despite sign - abc7amarillo.com](https://news.google.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?oc=5) · abc7amarillo.com
- 2012-08-22 [William Brame Obituary Aug 22, 2012 - Minton-Chatwell Funeral Directors](https://news.google.com/rss/articles/CBMiZkFVX3lxTE84Y3ZhODZQOTBYYW5ELVNNbkVheF9fZHczYVBpVWVjelppcVJWaFdXOTlIeHpaQ1dVM3VydkpsNHZTNUVUTmNpMWljWVlUMDNiVndiZ3NSMjRGZEhPSjY3bkRxME8tQQ?oc=5) · Minton-Chatwell Funeral Directors
- 2015-03-16 [5th-grade girl dies after fall from pump jack near Borger - Amarillo Globe-News](https://news.google.com/rss/articles/CBMiqgFBVV95cUxObDhIcUVpV1F1RTBRVWMtUF9oNV9KUXhUMS1UZGdLVVo2M2k3U3ZLUzZVQXZtMUVWVkVQQnMyamZzLTdzRW90alJreFh4dWhCVm15d2UwOHk4Q3N1NTQwclpMb0NxZzVEYV9ISE5ra1hVbHVnemRINHcza05WMnFQMndzb1U1aU9VU3hSZHpmQmxVZ2xtc1JFT0RuZDVkc0JjUUxMSmxYNU0xdw?oc=5) · Amarillo Globe-News
- 2023-02-22 [Zachary Wilkinson Obituary Feb 22, 2023 - Minton-Chatwell Funeral Directors](https://news.google.com/rss/articles/CBMia0FVX3lxTE1BMlhWZEJOZndScVRtckxfOU5TYXJpTDZhT3hrNjFZcFBoVG1kel9GZzZ2UGV4MktSR3BqeF9jYWFIaWdMSnd4ZmdqdjF6VklaWmJGbjlmOFlOaGRGYmYxV2todzdheW44WTRJ?oc=5) · Minton-Chatwell Funeral Directors
- 2012-02-29 [Borger woman sentenced to prison for illegal cash transactions - Amarillo Globe-News](https://news.google.com/rss/articles/CBMitwFBVV95cUxOUWVabHlRUnBfeDBxUGFtYjFmNzlEbmhUYjFHYlc1WDBwMUN6YjBwSlZtWDVobHBpakduM2lxQ1NlR0JCNS1xNHUxbEZ1OHN6emNXQW1sWXFWTWZ5QldmeTZaRHRmbDI3SlNrazZsOWpCdy05SmRmelFEclFiLTUtN1B0Q0hlaDRkM0gzMHFUallIdlgwMW5XUmJwdktXVGpUOVNweDhwWWJzdjFfRkhUN2lDQlR3aHc?oc=5) · Amarillo Globe-News
- 2019-10-26 [William Carder Obituary Oct 26, 2019 - Minton-Chatwell Funeral Directors](https://news.google.com/rss/articles/CBMiZ0FVX3lxTE05QlhOUnFCaC02MjlpZTk3b2w2NnJkSmNoS0NmOWNKOWNTSjBReXhFZGNQZEsxME1vbUdJdEtlU29pc1R3QlNyUU5IT0FTYmpVd1JubVZHM0hmRGljLW1xMURKaVRhRUE?oc=5) · Minton-Chatwell Funeral Directors

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=6625 (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/33.json (key "6625", 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=6625
- 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