# SOUTHBRIDGE
Southbridge, MA · NCUA charter 66374 · asset band $200-500M · latest filing 2026-03 · live
Share link (named URL with a preview card): https://getbookiq.com/cu/southbridge-66374

Who the members are: state charter, organized 1938, low-income designated. 11,310 members of 150,000 potential (7.5% of the field); checking penetration 75% (share draft accounts per 100 members); loans per 100 members 118.

**Verdict on the desk:** this could be *quiet fade*. 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 | $242.3M |
| Members | 11,310 (-3.5% YoY) |
| Full-time staff | 40 |
| Net worth | $25.5M |
| Net worth ratio | 10.5% (p38 of band) |
| ROA (annualized) | 0.49% (p35 of band) |
| Total delinquency | 0.24% (p15 of band) |
| Net charge-offs (annualized) | 0.18% (p25 of band) |
| Loans / shares | 83% (p74 of band) |
| Cash / assets | 7.3% |
| Borrowings / assets | 0.00% |
| Net interest margin | 3.38% (p38 of band) |
| Operating expense / assets | 3.77% (p53 of band) |
| Vehicles % of loans | 6% (p4 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 1% |
| Third-party paper % of net worth | 69% (p47 of band) |
| Vehicle delinquency | 0.36% (p32 of band) |
| Vehicle NCO | 0.73% (p55 of band) |
| Repossessed % of vehicle book | 0.00% (p25 of band) |
| Real estate % of loans | 60% |
| Credit cards % of loans | 0% |
| Unsecured % of loans | 2% |
| Commercial % of net worth | 168% |
| Core shares % of member funds | 57% |
| Certificates % of member funds | 28% |
| Average share balance | $8,843 |
| Participations bought / yr | $13.7M |
| Participations sold / yr | $21,600 |
| Participations outstanding | $17.2M |
| Loans outstanding per 100 members | 118% |
| Loans granted per 100 members, annualized | 17% |
| Average loan balance | $13,255 |
| Loans granted, annualized | $36.7M |

## Participation posture (from the same filings)

Bought $13.7M and sold $21,600 in the latest annualized quarter; $17.2M outstanding purchased (67.4% of net worth), $2.4M sold and retained. Sold in 8 and bought in 8 of the last 8 quarters. Shares 4.9% year over year.

## Flags firing in the latest filing

- **net worth falling** (`cap_falling`)
- **delinquency rising** (`aq_dq_rising`)
- **members leaving** (`shrink_members`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 4 | losing money, delinquency 2x band, loans>95% of shares, leaning on borrowings |  |
| 2016-06 | 4 |  |  |
| 2016-09 | 2 |  | losing money, delinquency 2x band |
| 2016-12 | 3 | net worth falling |  |
| 2017-03 | 4 | losing money |  |
| 2017-06 | 2 |  | net worth falling, losing money |
| 2017-09 | 2 |  |  |
| 2017-12 | 2 |  |  |
| 2018-03 | 4 | net worth falling, losing money |  |
| 2018-06 | 2 |  | net worth falling, losing money |
| 2018-09 | 2 |  |  |
| 2018-12 | 2 |  |  |
| 2019-03 | 3 | losing money |  |
| 2019-06 | 2 |  | losing money |
| 2019-09 | 2 |  |  |
| 2019-12 | 3 | delinquency rising |  |
| 2020-03 | 2 |  | delinquency rising |
| 2020-06 | 3 | net worth falling |  |
| 2020-09 | 1 |  | loans>95% of shares, net worth falling |
| 2020-12 | 1 |  |  |
| 2021-03 | 0 |  | leaning on borrowings |
| 2021-06 | 0 |  |  |
| 2021-09 | 0 |  |  |
| 2021-12 | 0 |  |  |
| 2022-03 | 0 |  |  |
| 2022-06 | 0 |  |  |
| 2022-09 | 0 |  |  |
| 2022-12 | 0 |  |  |
| 2023-03 | 2 | delinquency rising, loans>95% of shares |  |
| 2023-06 | 1 |  | delinquency rising |
| 2023-09 | 1 |  |  |
| 2023-12 | 2 | leaning on borrowings |  |
| 2024-03 | 2 | net worth falling | leaning on borrowings |
| 2024-06 | 0 |  | loans>95% of shares, net worth falling |
| 2024-09 | 3 | delinquency rising, members leaving, loans>95% of shares |  |
| 2024-12 | 2 |  | loans>95% of shares |
| 2025-03 | 3 | net worth falling |  |
| 2025-06 | 2 |  | net worth falling |
| 2025-09 | 1 |  | delinquency rising |
| 2025-12 | 1 |  |  |
| 2026-03 | 3 | net worth falling, delinquency rising |  |

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

- 2026-06-02 [Obituary | William M. Brown of Charlton, Massachusetts - Daniel T. Morrill Funeral Home](https://news.google.com/rss/articles/CBMiaEFVX3lxTFB6X0tyS1poUndPNXZYckpFOF9SNlhxLVp4UEgwZW44UFBJWk9zZEdHbF9fYmtqeG91SzFOWVBTN0x1ZzlnTW9yLWdOcGF3aVBYdzN1NEVRaDd5d0pVQ2NQaEVaYUVFdkRn?oc=5) · Daniel T. Morrill Funeral Home
- 2020-05-25 [Janet Stockhaus Obituary May 25, 2020 - Mulhane Home For Funerals](https://news.google.com/rss/articles/CBMiX0FVX3lxTE53Y01FT0RJbVhwelBpUGo0aDN0Z3JxVm8wTXVuNDlIUnAydGZnUXJWbk4wejdqaC1hNFA5R25VUjdzXy0xUUY5V2xEdjYwb0UwOS1adW82djBEcGkxVWdV?oc=5) · Mulhane Home For Funerals
- 2024-06-04 [Robert Lee Obituary - Hartford Courant](https://news.google.com/rss/articles/CBMingFBVV95cUxOcEd5SFNMSVY4MmhtYnNEc3RNYVN6YW9zSmotSEdqSlMyUjIxUXlFclBER3laY1c4Ylc2UGVHUWZ2Q1hWM0kyZDctUWFSTDJvX2xaZGIwZjhZSW5ZeUlzSldNQnFWcEhlSEFfV0RmZWc1MHJQWGZ6NS1RUFhJcjZmemsyN1p3NU9zMVZtY0JjZDh1Z1I2dzZZN3ppQkR4dw?oc=5) · Hartford Courant
- 2007-11-07 [Joseph Dickson Obituary Nov 7, 2007 - Paradis-Givner Funeral Home](https://news.google.com/rss/articles/CBMibEFVX3lxTE5XQmw0TVh6WWIyRzlVVWZ4STYySzFLaFpoR3oxcGRBU0lTRFVXR2Fna2pJZEdhRVlmeFRyeTdBNDFpNXR0NVJtZUZaRXBienIxVkpaNFlDQWVZWktWZ3p0aVRJZGFWWE92aFBBdg?oc=5) · Paradis-Givner Funeral Home
- 2015-02-21 [Fraud, deception alleged in sale of family farm in Dudley - Worcester Telegram](https://news.google.com/rss/articles/CBMirgFBVV95cUxOWHVLMC01N0h0VUpCTnMwQzktcERpeHJ0dFYzNkR5SFJvNjY2NjVrR183TVFGZVRvdHQ1cUFJcjkxNDNoMEFBdjZLYTBoRHhBekozbndpS1dLYS0zb3kwRGpPODFiQ3lVbGlZODM0NHJOc2pEa1dab2FqM0YwcWlEcWxYd0RqbHYwZGZPZWp0QVFEeU92WUtSNUdwWTc4Uk9QOEVYbGh1SXdDbEVva2c?oc=5) · Worcester Telegram
- 2021-10-03 [Amanda Martin Obituary (2007) - Southbridge, MA - Worcester Telegram & Gazette - legacy.com](https://news.google.com/rss/articles/CBMijgFBVV95cUxOOUhsTkdrRzQyOFFIOTlIcHNDbmZ5WkEwVkNSMU5mcEJpUlpHNDllMm9qWkViWUJnWXJOZHZBZm5aOGhpcHV5emRTSGt1d01ac2FtS2Y5SDZhaXdaeGtTSFptRWNGSmlpNlNrY2ZXY2hackZ4bVBYbGNCSi0zWjU3M1BUZm5sdENOd0lkU3Zn?oc=5) · legacy.com
- 2025-07-02 [Holland man indicted for murder in slaying of Austin Schepper earlier this year - MassLive](https://news.google.com/rss/articles/CBMiyAFBVV95cUxPU2dVckpxbWRxQUdaTjNJbDhiWTRncEkwX09pRFNPLXQ5b2JPS3FpYmtrTHJvU1ZLY1lpX2I2RkNUUXJ2SEphaWNyZGJsTEQ2Z0ZsTDZFSDNJZV9RMEN5TWE3UzFRcURuM0U1Rm9Lc2FRQlN1LXJGbTB1X1NJVUV0SlozX2lEY3V0Q3BmMURwU3pKQVFWVmdJN1NEZjNsRTlMR1ZPb3RuRXBEcUw4OEJtUHVMRzVXVERJMlZuQ2NyRHV5MUhfVU1RSA?oc=5) · MassLive
- 2019-09-07 [Robert Stockhaus, Jr. Obituary Sep 7, 2019 - Mulhane Home For Funerals](https://news.google.com/rss/articles/CBMiY0FVX3lxTE9LV0dob1BRbGYzVzRrc3ZBdlNHUkhzRnpCTFZqakk4Nms5d2RXUFhXaERERzNIbE00Y0VOSURmYUlDTGxBQTFDakFybUFSYnRXMnNWcWxHdS1DSXhvNWhLMExZMA?oc=5) · Mulhane Home For Funerals

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=66374 (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/6.json (key "66374", 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=66374
- 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