# VIRGINIA CREDIT UNION, INC.,
Richmond, VA · NCUA charter 66836 · asset band $1-10B · latest filing 2024-06 · stopped filing after 2024-06 (departed; for a credit union that is almost always a merger)
Share link (named URL with a preview card): https://getbookiq.com/cu/virginia-credit-union-inc-66836

Who the members are: state charter, organized 1928, low-income designated. 331,829 members of 1,900,000 potential (17.5% of the field); checking penetration 65% (share draft accounts per 100 members); loans per 100 members 60.

**Verdict on the desk:** this could be *indirect buyer*. 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 | $5.30B |
| Members | 331,829 (2.4% YoY) |
| Full-time staff | 748 |
| Net worth | $565.8M |
| Net worth ratio | 10.7% (p54 of band) |
| ROA (annualized) | 0.40% (p33 of band) |
| Total delinquency | 1.08% (p85 of band) |
| Net charge-offs (annualized) | 0.79% (p77 of band) |
| Loans / shares | 86% (p41 of band) |
| Cash / assets | 0.5% |
| Borrowings / assets | 6.86% |
| Net interest margin | 3.43% (p82 of band) |
| Operating expense / assets | 3.83% (p88 of band) |
| Vehicles % of loans | 32% (p56 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 53% |
| Third-party paper % of net worth | 114% (p37 of band) |
| Vehicle delinquency | 0.96% (p77 of band) |
| Vehicle NCO | 0.82% (p51 of band) |
| Repossessed % of vehicle book | 0.00% (p13 of band) |
| Real estate % of loans | 30% |
| Credit cards % of loans | 9% |
| Unsecured % of loans | 17% |
| Commercial % of net worth | 136% |
| Core shares % of member funds | 36% |
| Certificates % of member funds | 18% |
| Average share balance | $9,601 |
| Participations bought / yr | $0 |
| Participations sold / yr | $0 |
| Participations outstanding | – |
| Loans outstanding per 100 members | 60% |
| Loans granted per 100 members, annualized | 13% |
| Average loan balance | $19,055 |
| Loans granted, annualized | $1.34B |

## Flags firing in the latest filing

- **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 | 1 | leaning on borrowings |  |
| 2016-06 | 1 |  |  |
| 2016-09 | 1 |  |  |
| 2016-12 | 1 |  |  |
| 2017-03 | 2 | net worth falling |  |
| 2017-06 | 1 |  | net worth falling |
| 2017-09 | 2 | delinquency 2x band |  |
| 2017-12 | 2 |  |  |
| 2018-03 | 3 | charge-offs p90 |  |
| 2018-06 | 3 |  |  |
| 2018-09 | 3 |  |  |
| 2018-12 | 3 |  |  |
| 2019-03 | 3 |  |  |
| 2019-06 | 3 |  |  |
| 2019-09 | 3 |  |  |
| 2019-12 | 3 |  |  |
| 2020-03 | 3 |  |  |
| 2020-06 | 5 | net worth falling, expense trap |  |
| 2020-09 | 6 | margin squeeze |  |
| 2020-12 | 5 |  | net worth falling |
| 2021-03 | 3 |  | charge-offs p90, expense trap |
| 2021-06 | 2 |  | margin squeeze |
| 2021-09 | 1 |  | leaning on borrowings |
| 2021-12 | 1 |  |  |
| 2022-03 | 1 |  |  |
| 2022-06 | 1 |  |  |
| 2022-09 | 1 |  |  |
| 2022-12 | 0 |  | delinquency 2x band |
| 2023-03 | 0 |  |  |
| 2023-06 | 1 | leaning on borrowings |  |
| 2023-09 | 2 | 3rd-party paper>100% NW |  |
| 2023-12 | 2 |  |  |
| 2024-03 | 3 | delinquency rising |  |
| 2024-06 | 3 |  |  |

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

- 2021-08-29 [Finance | Insurance - Virginia Business](https://news.google.com/rss/articles/CBMiXkFVX3lxTE02Q0M5YXZ3U0Q0NXh3bUdNcFdZOEs0SEdEVmVqMHExN1MzMkwzWGtvX3h4dTVmVlQ1WEdCUW1NUF84WXQxVjFBLVIwNXlTekFHZ3hvcURFT3Npd1V4ckE?oc=5) · Virginia Business
- 2025-01-06 [The+Most+Important+Opinions+of+2024 - Virginia Lawyers Weekly](https://news.google.com/rss/articles/CBMigAFBVV95cUxPNHVlSlVBRVM0YVJKNVlUMm15djFXS1cwTlZDSHlCaXdJajJtandpQW1aME5DSkhHdGJjMmlPWGRfS19yalZnR0VFSUE2U0o0bDFUMUItTGp1RXZTaE5lRWlUMjdtbDJ5dDlpMGVUSE9jMjRpT2VWLVFlanU2cVZLVA?oc=5) · Virginia Lawyers Weekly
- 2025-02-03 [Business notes: Stihl produces 100 millionth unit in Virginia Beach, PBMares moves to Wells Fargo Center - The Virginian-Pilot](https://news.google.com/rss/articles/CBMi2gFBVV95cUxOcUlxNl9zNnNyakVKVlJFSnpFdDBoc1lhenFKYTM4VVlSU1VWd1prZEcwNUt3N0VCcmF4U1VWZUVxVFBJM19ERkRUUWRLdndjZmZOMXowTG45T1E1SVptNnR2ZE45VG1taV9Qd1gta25iRkhkV0s1bXRhczQzcUJiWWVLN1dNZEVJZFRXWnhqTWZmVnpKX19xaWxjV1hweUZ0T1pjNGFCQ2J0MEV4ak93cnBubWNZX1V3NERyM0szZi1sd1RTazFoY0lZbUZ4VFZKRjV6X0ZfTDNQdw?oc=5) · The Virginian-Pilot
- 2023-06-29 [The Docket: Local court roundup for 6.29.23 - Richmond BizSense](https://news.google.com/rss/articles/CBMijAFBVV95cUxNVFJRSjVsdkJCU2huNnZfSEZ5bEJYSDRJWVdKOEdNTFNwRVpwLVc5aXRCZHNrZDFFTERrRW10djByaWZYNXNMcUdjYThoSE9KUm5MU3dCWC1VZTRfUUNZNE1Kbjcxc2IxTjd6Z2kyZDVWdzhyWVM0VFIwX1FzT3ZHU0g2UTJ2d3hGSXc0aA?oc=5) · Richmond BizSense
- 2020-08-29 [Real Estate - Virginia Business](https://news.google.com/rss/articles/CBMiU0FVX3lxTFBub0lPSXQ2YTAzcU81cVJEaTFZcXh4aHlkUjRaMVVCNVVFUTZwSG1GRnF3NVRCd3ZUWnNaNGtsNlhNSURhVUpPRlFhN0pHQ01QMlhN?oc=5) · Virginia Business
- 1996-01-08 [GROUP GIFTS CASCADING TO CHILDREN'S - The Washington Post](https://news.google.com/rss/articles/CBMizAFBVV95cUxNQk1SeV9lNjQwbm40MlpTZjlCcXhpQkx4VUVySm8xX2xaWmdDcndvNS05UlhlT25MYUVuZkZRLXVEZlJHemRIREZ0dFR4Z0tKTzZVSXNqWkNjVTZXZXZmOFJrV05Ha1hsMTVVZ0dsMzViWGJpai0zV0xScDdmN0FUdzFRbklPWGZGbTF1Yi1yc2ItUzdMN1ZSZ3NkRVNmRUV1aG5wMDVCQ0VYUjd3OUk1eHBSdnl2WUx6UFpma21qaFU3RVBLVGNvWkhEUjI?oc=5) · The Washington Post

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=66836 (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/20.json (key "66836", 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=66836
- 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