# METRO
Chelsea, MA · NCUA charter 66364 · asset band $1-10B · latest filing 2026-03 · live
Share link (named URL with a preview card): https://getbookiq.com/cu/metro-66364

Who the members are: state charter, organized 1926, low-income designated. 215,295 members of 7,879,463 potential (2.7% of the field); checking penetration 32% (share draft accounts per 100 members); loans per 100 members 30.

**Verdict on the desk:** this could be *indirect buyer*. 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 | $3.30B |
| Members | 215,295 (0.9% YoY) |
| Full-time staff | 308 |
| Net worth | $299.8M |
| Net worth ratio | 9.1% (p16 of band) |
| ROA (annualized) | 0.27% (p13 of band) |
| Total delinquency | 0.59% (p47 of band) |
| Net charge-offs (annualized) | 0.16% (p12 of band) |
| Loans / shares | 101% (p92 of band) |
| Cash / assets | 5.8% |
| Borrowings / assets | 6.91% |
| Net interest margin | 2.10% (p3 of band) |
| Operating expense / assets | 2.29% (p11 of band) |
| Vehicles % of loans | 30% (p60 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 98% |
| Third-party paper % of net worth | 277% (p81 of band) |
| Vehicle delinquency | 0.46% (p34 of band) |
| Vehicle NCO | 0.43% (p14 of band) |
| Repossessed % of vehicle book | 0.07% (p49 of band) |
| Real estate % of loans | 46% |
| Credit cards % of loans | 0% |
| Unsecured % of loans | 3% |
| Commercial % of net worth | 184% |
| Core shares % of member funds | 31% |
| Certificates % of member funds | 33% |
| Average share balance | $7,754 |
| Participations bought / yr | $0 |
| Participations sold / yr | $48.0M |
| Participations outstanding | $58.9M |
| Loans outstanding per 100 members | 30% |
| Loans granted per 100 members, annualized | 6% |
| Average loan balance | $43,143 |
| Loans granted, annualized | $563.0M |

## Participation posture (from the same filings)

Bought $0 and sold $48.0M in the latest annualized quarter; $58.9M outstanding purchased (19.6% of net worth), $142.4M sold and retained. Sold in 8 and bought in 2 of the last 8 quarters. Shares 0.5% year over year.

## Flags firing in the latest filing

- **delinquency rising** (`aq_dq_rising`)
- **loans>95% of shares** (`str_ltos`)
- **leaning on borrowings** (`str_borrowings`)
- **3rd-party paper>100% NW** (`str_thirdparty`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 3 | loans>95% of shares, leaning on borrowings, 3rd-party paper>100% NW |  |
| 2016-06 | 3 |  |  |
| 2016-09 | 3 |  |  |
| 2016-12 | 3 |  |  |
| 2017-03 | 4 | thin capital |  |
| 2017-06 | 3 |  | thin capital |
| 2017-09 | 3 |  |  |
| 2017-12 | 3 |  |  |
| 2018-03 | 3 |  |  |
| 2018-06 | 4 | net worth falling |  |
| 2018-09 | 3 |  | net worth falling |
| 2018-12 | 3 |  |  |
| 2019-03 | 3 |  |  |
| 2019-06 | 3 |  |  |
| 2019-09 | 3 |  |  |
| 2019-12 | 3 |  |  |
| 2020-03 | 6 | thin capital, net worth falling, delinquency rising |  |
| 2020-06 | 6 |  |  |
| 2020-09 | 5 |  | net worth falling |
| 2020-12 | 6 | members leaving |  |
| 2021-03 | 6 | net worth falling | loans>95% of shares |
| 2021-06 | 5 | loans>95% of shares | delinquency rising, net worth falling |
| 2021-09 | 5 |  |  |
| 2021-12 | 4 |  | members leaving |
| 2022-03 | 4 |  |  |
| 2022-06 | 5 | net worth falling |  |
| 2022-09 | 4 |  | net worth falling |
| 2022-12 | 4 |  |  |
| 2023-03 | 4 |  |  |
| 2023-06 | 4 |  |  |
| 2023-09 | 5 | delinquency rising |  |
| 2023-12 | 5 | net worth falling | delinquency rising |
| 2024-03 | 5 |  |  |
| 2024-06 | 4 |  | net worth falling |
| 2024-09 | 4 |  |  |
| 2024-12 | 4 |  |  |
| 2025-03 | 4 |  |  |
| 2025-06 | 5 | assets shrinking |  |
| 2025-09 | 4 |  | thin capital |
| 2025-12 | 4 |  |  |
| 2026-03 | 4 | delinquency rising | assets shrinking |

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

- 2026-04-02 [Metro Credit Union and Members Plus Credit Union Announce Intent to Merge, Powered by Partnership - PR Newswire](https://news.google.com/rss/articles/CBMi5wFBVV95cUxQY3lTbXlicGpvczRGSjU4SktJWFBXdm1YNUdFZlUzM3QzMmV4NnZEanEzX1lab3RzRnluaXVLUDVxdFNrOW9lTGc0ZnB2dVVuSUhtOXdDTmQ4dWhFZDJkVF9iVnpVcnYyWFJiRDBsb3N0a2hsdC0yWmR3NzNaNVlGRHNjbHlRQ0VOMjA5ZjQ1MG02S093Rnk0Nmxyd1NtZjZjQktJZlZpamZhT3dUVjhjNUdtZkQyeGc3NERxS3ZDNVUxeGQ3eHlyX2JBRGZ6X3lxdmt4TFpZRFBvSk1yNnpDWU5hbkcwaDA?oc=5) · PR Newswire
- 2026-04-08 [Merger to create MA credit union titan — 25 branches, $3.5B in assets - Wicked Local](https://news.google.com/rss/articles/CBMi4wFBVV95cUxPd05jc2JNcmI3TjRNY19lRkoyQnNDN1R0akpoZ2FjNmg1QTJhMlVFbkRHZm5jVHBTOTlSNVVPdUFSSVEtUkJiNUp6cnZ4TVpPRW8zTEZhdGZiY3ZBM0dQNm1qUng5MEljWGdHV1VVb0lBbkJUTkxuNmw1cEY5UFUtMkI0VWg5YUFtdHJ4czFZNFBjNGRwbFE3bUNOdDE5dll5UDJsYnBDeTV4MmtMR3VPeUR6RVkxQTFMd0xoZHlSMERBaEEwbE5NbmxoeFB4ZW0zNUpreWY2eUNRaGJ5cjRFX1hTZw?oc=5) · Wicked Local
- 2026-04-02 [Metro Credit Union merger could create Massachusetts' second-largest credit union - The Business Journals](https://news.google.com/rss/articles/CBMipgFBVV95cUxQTTE3TXRmSWVnMTJpMk91NUpUelhhWk1nWU1xbVNrZWpYamxCQlduZlkwS1IyOUYzV3d2aktIMXpDODMwTmR3b1YzWmNGQmc2eFgyMzhSN3cza1FQcjdveHRubWt2TWVWWkZubC1tQ0RkdXJJWjV3R0kweUsxbzRJYWZDZVc0Rno2WXVFUGt5bkRIZ2E0dHlUYzJxQ2ZfT1VXNlc2Ul9R?oc=5) · The Business Journals
- 2026-04-08 [Massachusetts Credit Unions Plan Merger to Create $3.6B Financial Cooperative - CUTimes](https://news.google.com/rss/articles/CBMisAFBVV95cUxQdU9PVGxoZVljUXloX1FWdmFvUDVLV3ZTN3hJSGhQYzM3X3haYmtDUHlnMFhDdjRoVmRfX3U3NXY5eVpzSVVDR3czekdYTlRjeDR1N2xhTk9haEp4TFVsLXlsSFdOUXp1VFhMZFdCejh5QThNVHFZYXZQM3praW0wejNTZ0J2bXhOR3dDa2N4VElBc2g2cGFoX0UzenZVZnZmcm5wVzhiSk9KZ2czRVJVTg?oc=5) · CUTimes
- 2026-07-06 [Lori A. Carbone Obituary Jul 6, 2026 - George L. Doherty Funeral Service, Inc.](https://news.google.com/rss/articles/CBMibkFVX3lxTE5ZS3I2b2d1QS1mN1ZSeGVSOERtSlZQc2tST1g5QW5rVk5oMVlRc1V5MlZWYnBlcC1ZdHVVdHFHR3M0LU41b2NjZUpsU3JCVVBtSUkyVUc2SGw0a3VOb3huN0I1LXFodTZzemtzZ0V3?oc=5) · George L. Doherty Funeral Service, Inc.
- 2026-08-06 [Maltez presents Key to the City to MCU President and CEO Robert Cashman - Chelsea Record](https://news.google.com/rss/articles/CBMirgFBVV95cUxPbUFIUzNsLVg0REVRMm9EVWVDYnhhR014QUUwQTVBdUxFck1WbVRfOU5aNjNRMTZPMm44bU16UlBJNzdmTzk0YVo1dUxTVXZndFpKYXRwWnBHVmZ5WHZtNFJlRmRNekVUWGpxZVhOdTdXcmh1bU9tNVJvVmJlNGRSQVFKanJBekcwWHFkMHRxS2lxNzR6NW03Y0VIUU5wRzJJZjF2bkpNeXhBQmQyN3c?oc=5) · Chelsea Record
- 2022-01-15 [Metro Credit Union Announces Opening of New Branch in Reading - The Reading Post](https://news.google.com/rss/articles/CBMioAFBVV95cUxOTWtKbmdSM2oyTDhBMTExWHRlU051QVRGUWZUaG9ERlUwWWF4RmRxSU5saVU4WEhXMS1LTXVMY1hNampQVjdxQ0tmTlprT01xZGtEZlNUclRjNmNwWVdiTDZ5ak5lR05zTW5pMFpBeFhWbERVMFpSSUZ0MEJHQ3dEVWZrbWxzNE1TVks5aldYLUFSc0xESnlpcDlIZWZ3dzJr?oc=5) · The Reading Post
- 2022-01-19 [Metro Credit Union Opens New Branch In Reading - Patch](https://news.google.com/rss/articles/CBMiiwFBVV95cUxNMjBmVjVROXJ2YmUwbnJNd3RRODd0bFVIdlVDamtoRWlrenh2dW9RejZrYVZEUTA4ZXg3bDJ0ZUhreTExMktLSmw4NXRjQWt0NXdCS2ZwakZoX2hQUERXcENuNHVINDdLZUdMWG42SGpJcVk5REFlLUg4OFlEUWlXeXppLVlwUnY4T3lN?oc=5) · Patch

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=66364 (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/60.json (key "66364", 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=66364
- 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