# MEMBERS PLUS
Medford, MA · NCUA charter 66706 · asset band $200-500M · latest filing 2026-03 · live
Share link (named URL with a preview card): https://getbookiq.com/cu/members-plus-66706

Who the members are: state charter, organized 1940. 13,687 members of 100,000 potential (13.7% of the field); checking penetration 62% (share draft accounts per 100 members); loans per 100 members 44.

**Verdict on the desk:** this could be *liquidity-rich*. Composite score 2 of 18 (one point per flag across 17 flags, capital below 7% counted twice).

## What the filing shows

| Measure | Value |
|---|---|
| Total assets | $356.4M |
| Members | 13,687 (-0.6% YoY) |
| Full-time staff | 41 |
| Net worth | $38.9M |
| Net worth ratio | 10.9% (p45 of band) |
| ROA (annualized) | -0.53% (p2 of band) |
| Total delinquency | 0.76% (p64 of band) |
| Net charge-offs (annualized) | 0.21% (p30 of band) |
| Loans / shares | 60% (p20 of band) |
| Cash / assets | 22.4% |
| Borrowings / assets | 12.57% |
| Net interest margin | 2.08% (p2 of band) |
| Operating expense / assets | 2.79% (p18 of band) |
| Vehicles % of loans | 9% (p8 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 0% |
| Third-party paper % of net worth | 0% (p19 of band) |
| Vehicle delinquency | 0.26% (p22 of band) |
| Vehicle NCO | 0.00% (p4 of band) |
| Repossessed % of vehicle book | 0.00% (p25 of band) |
| Real estate % of loans | 84% |
| Credit cards % of loans | 1% |
| Unsecured % of loans | 7% |
| Commercial % of net worth | 0% |
| Core shares % of member funds | 50% |
| Certificates % of member funds | 30% |
| Average share balance | $10,307 |
| Participations bought / yr | $0 |
| Participations sold / yr | $0 |
| Participations outstanding | $10,385 |
| Loans outstanding per 100 members | 44% |
| Loans granted per 100 members, annualized | 4% |
| Average loan balance | $28,661 |
| Loans granted, annualized | $17.0M |

## Participation posture (from the same filings)

Bought $0 and sold $0 in the latest annualized quarter; $10,385 outstanding purchased (0.0% of net worth), $0 sold and retained. Sold in 0 and bought in 0 of the last 8 quarters. Shares 8.2% year over year.

## Flags firing in the latest filing

- **losing money** (`earn_negative`)
- **leaning on borrowings** (`str_borrowings`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 0 |  |  |
| 2016-06 | 0 |  |  |
| 2016-09 | 1 | leaning on borrowings |  |
| 2016-12 | 2 | net worth falling |  |
| 2017-03 | 3 | delinquency 2x band |  |
| 2017-06 | 3 | delinquency rising | delinquency 2x band |
| 2017-09 | 2 |  | net worth falling |
| 2017-12 | 2 |  |  |
| 2018-03 | 1 |  | delinquency rising |
| 2018-06 | 1 |  |  |
| 2018-09 | 1 |  |  |
| 2018-12 | 1 |  |  |
| 2019-03 | 2 | net worth falling |  |
| 2019-06 | 1 |  | net worth falling |
| 2019-09 | 1 |  |  |
| 2019-12 | 2 | members leaving |  |
| 2020-03 | 4 | losing money, margin squeeze, assets shrinking | members leaving |
| 2020-06 | 3 | delinquency 2x band | margin squeeze, assets shrinking |
| 2020-09 | 2 |  | delinquency 2x band |
| 2020-12 | 3 | delinquency 2x band, loan book shrinking | losing money |
| 2021-03 | 4 | net worth falling |  |
| 2021-06 | 3 |  | net worth falling |
| 2021-09 | 4 | margin squeeze |  |
| 2021-12 | 3 |  | margin squeeze |
| 2022-03 | 3 | losing money | loan book shrinking |
| 2022-06 | 4 | net worth falling |  |
| 2022-09 | 2 |  | delinquency 2x band, net worth falling |
| 2022-12 | 2 |  |  |
| 2023-03 | 4 | net worth falling, delinquency 2x band |  |
| 2023-06 | 4 |  |  |
| 2023-09 | 5 | delinquency rising |  |
| 2023-12 | 4 | margin squeeze | delinquency 2x band, delinquency rising |
| 2024-03 | 3 |  | margin squeeze |
| 2024-06 | 2 |  | net worth falling |
| 2024-09 | 3 | assets shrinking |  |
| 2024-12 | 5 | delinquency 2x band, delinquency rising |  |
| 2025-03 | 4 |  | delinquency 2x band |
| 2025-06 | 4 | net worth falling | losing money |
| 2025-09 | 2 |  | assets shrinking, delinquency rising |
| 2025-12 | 2 | losing money | net worth falling |
| 2026-03 | 2 |  |  |

## 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
- 2026-04-08 [Massachusetts Credit Unions Plan Merger to Create $3.6B Financial Cooperative - CUTimes](https://news.google.com/rss/articles/CBMisAFBVV95cUxQdU9PVGxoZVljUXloX1FWdmFvUDVLV3ZTN3hJSGhQYzM3X3haYmtDUHlnMFhDdjRoVmRfX3U3NXY5eVpzSVVDR3czekdYTlRjeDR1N2xhTk9haEp4TFVsLXlsSFdOUXp1VFhMZFdCejh5QThNVHFZYXZQM3praW0wejNTZ0J2bXhOR3dDa2N4VElBc2g2cGFoX0UzenZVZnZmcm5wVzhiSk9KZ2czRVJVTg?oc=5) · CUTimes
- 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
- 2022-04-18 [John J. Murphy, President & CEO of Members Plus Credit Union - WBZ NewsRadio 1030](https://news.google.com/rss/articles/CBMirAFBVV95cUxOdnBJS29tWktsckdrVVUwMVdOLWZ4aHpJejF2TGo0RG5SV0lOSFFadkJ5Tml0OG1IWEVvdk5mdGhxcmZGWTVDQ3paNGdQMmZwaTl0OGpaZXFDNlktejN3UDVfXzlsX29Sc0Q0R1ZhbFNxRDltcGZwcDRHaXp1YXV2azR2aGlGV1NiazJKRThKVHJWLUFUejdzeDQ2Nm1FMHF5c1JRRF9zWGxqZi110gG0AUFVX3lxTE9vR0R4ams1end5eGlPYXVqX1VKcEV0RXBfX2hpYkJhVUdneXZSU0k2ZFhXMGV2Z2JkZ1hwaE9ZMHhrelE3dGdibWRvLXNrclJoRmUyblZEOEMtSHpnVVlaSmdkYVhubWJNQXBqNjdGc1FId2FzWkFPb3duRXNselJFbGM4bFFnU3hpaXJyNTRqeTVENG5JNXgyTHFhREVXZzVZQktuWG1WeVVHUmYwRmJyd3BsUw?oc=5) · WBZ NewsRadio 1030
- 2022-05-20 [MEMBERS PLUS CREDIT UNION ELECTS NEW BOARD CHAIR - Advocate News Online](https://news.google.com/rss/articles/CBMikAFBVV95cUxPUUI5c042Y29TZDNqd2FtZEZuZkJ1clhFTGdYVE14Q1dhS25SNWNfNndOUU94bWZoT19CenFBZ1ZLVXREcUNUQkJUSlBZeU5rc1FCbE90cGl0REtXRUp5YklBeTZiUG15eGJpODlWaGREUW00dnJBYnRuY25tZmpFVGdlVXFjOU9LLWktaFR6UzY?oc=5) · Advocate News Online
- 2021-10-12 [Credit unions offer an alternative to big banks for consumers - Fifty Plus Advocate](https://news.google.com/rss/articles/CBMitAFBVV95cUxNTDNmN2lqRGttNHRHMEFfZjJ2SnhTR0xKRHlfTWRUQXlmT1ZQaFoxemlDQVJKalBZVFVFdG5VYlZqb1FqeS15Y1VPcks5VzFDN25QaGdBOThiazJZZHpOS016NDNhcFdjZzBveVI4cm4zOFRrcHVaYlh3VnhDTGIyeEhmVWdNMm1qbzJ0MDJXWnpLVUFqTWEyaHFIV0U5SEpsS2QteFVMOUlpSWNUeVY2Q1RrbWQ?oc=5) · Fifty Plus Advocate
- 2021-09-29 [Medford Schools Get 100 Backpacks From Members Plus Credit Union - Patch](https://news.google.com/rss/articles/CBMioAFBVV95cUxPUFBsWTJPWjZXRHpkRHNVU3lPZWwzU0R1S1A1dnNFNTJqS09LNGFDUnJlMVluNUtxR19qV2xndlAtSi1wNEYwNkxBZ3ZveGNhbjRPVWhkYWNFZEUxZVZyaXd1M2tnTDZaZm41MEluRnRmYUJfc3JLbW10LWlYeEdvUHBBeFJXSHQzeTdXV0M2OVZhcndiSE1fOE5MWXRySVdR?oc=5) · Patch

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=66706 (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/18.json (key "66706", 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=66706
- 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