# WORKERS
Fitchburg, MA · NCUA charter 66479 · asset band $1-10B · latest filing 2020-12 · stopped filing after 2020-12 (departed; for a credit union that is almost always a merger)
Share link (named URL with a preview card): https://getbookiq.com/cu/workers-66479

Who the members are: state charter, organized 1914, low-income designated. 108,628 members of 6,892,503 potential (1.6% of the field); checking penetration 45% (share draft accounts per 100 members); loans per 100 members 45.

**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 | $2.00B |
| Members | 108,628 (4.2% YoY) |
| Full-time staff | 316 |
| Net worth | $206.9M |
| Net worth ratio | 10.4% (p60 of band) |
| ROA (annualized) | 0.34% (p16 of band) |
| Total delinquency | 0.97% (p92 of band) |
| Net charge-offs (annualized) | 0.51% (p82 of band) |
| Loans / shares | 95% (p90 of band) |
| Cash / assets | 4.2% |
| Borrowings / assets | 19.11% |
| Net interest margin | 2.25% (p25 of band) |
| Operating expense / assets | 2.72% (p42 of band) |
| Vehicles % of loans | 15% (p11 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 161% |
| Third-party paper % of net worth | 150% (p55 of band) |
| Vehicle delinquency | 1.30% (p97 of band) |
| Vehicle NCO | 1.20% (p93 of band) |
| Repossessed % of vehicle book | 0.00% (p14 of band) |
| Real estate % of loans | 65% |
| Credit cards % of loans | 0% |
| Unsecured % of loans | 2% |
| Commercial % of net worth | 112% |
| Core shares % of member funds | 69% |
| Certificates % of member funds | 17% |
| Average share balance | $8,422 |
| Participations bought / yr | $4.2M |
| Participations sold / yr | $0 |
| Participations outstanding | – |
| Loans outstanding per 100 members | 45% |
| Loans granted per 100 members, annualized | 12% |
| Average loan balance | $27,114 |
| Loans granted, annualized | $391.4M |

## Flags firing in the latest filing

- **delinquency 2x band** (`aq_dq_high`)
- **delinquency rising** (`aq_dq_rising`)
- **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 | 4 | delinquency 2x band, loans>95% of shares, leaning on borrowings, 3rd-party paper>100% NW |  |
| 2016-06 | 3 |  | delinquency 2x band |
| 2016-09 | 3 |  |  |
| 2016-12 | 3 |  |  |
| 2017-03 | 5 | net worth falling, charge-offs p90 |  |
| 2017-06 | 5 |  |  |
| 2017-09 | 4 |  | net worth falling |
| 2017-12 | 4 |  |  |
| 2018-03 | 5 | net worth falling, margin squeeze | charge-offs p90 |
| 2018-06 | 4 |  | margin squeeze |
| 2018-09 | 4 |  |  |
| 2018-12 | 3 |  | net worth falling |
| 2019-03 | 3 |  |  |
| 2019-06 | 3 |  |  |
| 2019-09 | 4 | delinquency rising |  |
| 2019-12 | 3 |  | delinquency rising |
| 2020-03 | 5 | delinquency 2x band, delinquency rising |  |
| 2020-06 | 5 |  |  |
| 2020-09 | 5 |  |  |
| 2020-12 | 4 |  | loans>95% of shares |

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

- 2026-05-19 [Credit union to move branch 2.5 miles closer to Lowell core - The Business Journals](https://news.google.com/rss/articles/CBMiogFBVV95cUxNRFIybHVnVm9tejNkNEdRWGVYVVBOUmFDQ3JfYzRTM2tidDluNV9GNGpZNGtBVzJISG55dElCa0Q3OUR4em9ucXBhbUR0VjlFdktFaWRWbjR6Rl8zNVkxUTJQX0ZHTnQ5d2w1NjBNWkFpZzBHdGVWWnF4NUNDQXJNRkFtQmoxV0Z2TTZNVTlZWnN3bDZFREZEb0hIZHpVeEo3UUE?oc=5) · The Business Journals
- 2026-01-29 [Workers Credit Union opens new Leominster branch, appoints new growth-focused executive - wbjournal.com](https://news.google.com/rss/articles/CBMiuAFBVV95cUxQcU5CN3V6cXhSUS1rZHNmT210Rkl5NWlyYUZXTWdFX2dsRVlPbUdSZ21XVlBMbGJFaHhyR3h0ZmhUSDAyaEpuMGt5NTdWR1hwMjhRa18tSTNaS1RvVWVDYl9kTFpqdVl3a0xSU0pnRXFRdzhOVHlzaGNwcEtrb3lobmdBQ0tTVTFzQWV5LWtjeUdOWS14aEpva2pmcjQ3cEpCQjV1ak55YlZDaU0zMXJjeWwtMEJ6RGJi?oc=5) · wbjournal.com
- 2026-04-23 [Workers Credit Union Community and Business Development AVP Calla Flannery wins 2026 EIFLE Award for financial literacy - CUInsight](https://news.google.com/rss/articles/CBMi8gFBVV95cUxNdjZSSzVRNG1DV3RRYmVZS1AxR3dqVXRTNkdYMmFBQTVCYlBYYWx0V0ZhVVNacHBycWpqeEFOQXBLUHBnN2hRbmoxbHpmZEp1eWdsWnNyMjZmUmtSZDlHYWJtbW40SkV2MGpiUVhqYzFOX0ZJZ0NHSGxLc1BLSUY1SzkwcGN0WTJQdUl1OGNaVWxnWDBOS1hrQjFtb0o2b0tmMWY5RVBfc1otTlQwN3Q5dFR6NFRjSFRyVHFJUTRNTmVXdThRMHlDTXpvSkJ0MXhhOEhHdVNyQXQwRWdIS3pJR2NfM05RdVpRZ3JzeGtRdENsZw?oc=5) · CUInsight
- 2026-02-02 [Workers Credit Union opens new Leominster branch - Sentinel and Enterprise](https://news.google.com/rss/articles/CBMinwFBVV95cUxOWExzMnM1amhRcDBsblp1T2JwWHM2VGVOMm5yeXhaTUw0Tmh1R3VTRlhLRTJfbnB3QUtNYXhlelg2TE55S2RfY1J2TUg5ZU9nenhCNDlRSGhodU1hc2RZdWZRYVFoeFZxdEdlZUU0ZHBvaF85NVpPOEtadjQ5TEVmZ3k5VnhLLXlpQ0ExWUt4QzBFdHJERE02LXRaNWxmdEU?oc=5) · Sentinel and Enterprise
- 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
- 2025-11-18 [Workers Credit Union Names Worcester Mom the Winner of 2025 Woofster's Workers Reality Augmented Reality Game - MLB.com](https://news.google.com/rss/articles/CBMib0FVX3lxTE1COVktMDlNX1A1VVRpN3VsdGlxcVdyNF9kcnZHM053YkR2M0xzWjJRN2VWTjYzTGJGUGdhbDZlNjIzUVhFUzlHUXFYVFVBNGFVMVdMMHh1UHN1Zl9TNnpxREtpZ1BvcW5ySl9lUWszNA?oc=5) · MLB.com
- 2025-03-12 [Workers Credit Union strengthens commercial and small business lending team - CUInsight](https://news.google.com/rss/articles/CBMitwFBVV95cUxQUDhLbEY2UTFlREpUVnMtN2NwZFVKbjBFZ1o0WndZTlREYjNfUmIxZDQ3d1lTQmVITWw4Rzd1NEFNYkJjWm90cEwwb2ZmV0FGcVY5cFhkZFI2emdwLWZWVlFoRzdrRjE1VUpOSzZURGtod0VfY0JBZTRGVjM5QnRiMEZmOVc4Y2VVT0hiYS12THhHWEJBSVduVmNZZkdBZm9jbS1jemRuNHVDLWNXNmt1cjE5VWtLYWc?oc=5) · CUInsight
- 2022-10-21 [Workers Credit Union receives federal $150M for small business, personal loans - wbjournal.com](https://news.google.com/rss/articles/CBMiqwFBVV95cUxONjVnbE55alltay03N19hRWVRVVg0UFByemJjVnZTSnhmRGFQMlE4MUhibHJrNm9xUEI3dXlQWV9hMjVZNy1DdlJhV0xzdFVFbzctNVZweFpxb1FLSEt6NTF0MWdiNjZDNEtTZC1kOHlwUU1GVTZXVF92d29DRUhJaXVjNHhJQ3Y4WC11VnhZRnpSOF84SnQ3WXlzSlBISy12cDd5YmtOZ3JDRGM?oc=5) · wbjournal.com

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=66479 (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/47.json (key "66479", 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=66479
- 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