# CODE
Dayton, OH · NCUA charter 66840 · asset band $100-200M · latest filing 2026-03 · live
Share link (named URL with a preview card): https://getbookiq.com/cu/code-66840

Who the members are: state charter, organized 1940. 13,095 members of 32,738 potential (40.0% of the field); checking penetration 48% (share draft accounts per 100 members); loans per 100 members 60.

**Verdict on the desk:** this could be *indirect buyer*. Composite score 1 of 18 (one point per flag across 17 flags, capital below 7% counted twice).

## What the filing shows

| Measure | Value |
|---|---|
| Total assets | $176.7M |
| Members | 13,095 (-0.5% YoY) |
| Full-time staff | 29 |
| Net worth | $21.1M |
| Net worth ratio | 12.0% (p53 of band) |
| ROA (annualized) | 1.10% (p74 of band) |
| Total delinquency | 0.75% (p60 of band) |
| Net charge-offs (annualized) | 0.49% (p67 of band) |
| Loans / shares | 65% (p40 of band) |
| Cash / assets | 17.5% |
| Borrowings / assets | 0.01% |
| Net interest margin | 3.38% (p33 of band) |
| Operating expense / assets | 3.78% (p55 of band) |
| Vehicles % of loans | 46% (p66 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 75% |
| Third-party paper % of net worth | 164% (p80 of band) |
| Vehicle delinquency | 1.07% (p74 of band) |
| Vehicle NCO | 0.48% (p48 of band) |
| Repossessed % of vehicle book | 0.00% (p32 of band) |
| Real estate % of loans | 16% |
| Credit cards % of loans | 5% |
| Unsecured % of loans | 9% |
| Commercial % of net worth | 128% |
| Core shares % of member funds | 52% |
| Certificates % of member funds | 22% |
| Average share balance | $5,809 |
| Participations bought / yr | $4.4M |
| Participations sold / yr | $301,748 |
| Participations outstanding | $26.0M |
| Loans outstanding per 100 members | 60% |
| Loans granted per 100 members, annualized | 5% |
| Average loan balance | $12,887 |
| Loans granted, annualized | $29.2M |

## Participation posture (from the same filings)

Bought $4.4M and sold $301,748 in the latest annualized quarter; $26.0M outstanding purchased (122.8% of net worth), $8,382 sold and retained. Sold in 8 and bought in 8 of the last 8 quarters. Shares 2.7% year over year.

## Flags firing in the latest filing

- **3rd-party paper>100% NW** (`str_thirdparty`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 0 |  |  |
| 2016-06 | 0 |  |  |
| 2016-09 | 1 | 3rd-party paper>100% NW |  |
| 2016-12 | 1 |  |  |
| 2017-03 | 2 | delinquency 2x band |  |
| 2017-06 | 1 |  | delinquency 2x band |
| 2017-09 | 1 |  |  |
| 2017-12 | 3 | net worth falling, leaning on borrowings |  |
| 2018-03 | 2 |  | leaning on borrowings |
| 2018-06 | 1 |  | net worth falling |
| 2018-09 | 1 |  |  |
| 2018-12 | 1 |  |  |
| 2019-03 | 3 | net worth falling, auto monoline |  |
| 2019-06 | 1 |  | net worth falling, auto monoline |
| 2019-09 | 1 |  |  |
| 2019-12 | 1 |  |  |
| 2020-03 | 2 | delinquency rising |  |
| 2020-06 | 1 |  | delinquency rising |
| 2020-09 | 2 | net worth falling |  |
| 2020-12 | 2 |  |  |
| 2021-03 | 2 |  |  |
| 2021-06 | 1 |  | net worth falling |
| 2021-09 | 1 |  |  |
| 2021-12 | 1 |  |  |
| 2022-03 | 1 |  |  |
| 2022-06 | 1 |  |  |
| 2022-09 | 1 |  |  |
| 2022-12 | 2 | delinquency rising |  |
| 2023-03 | 2 |  |  |
| 2023-06 | 2 |  |  |
| 2023-09 | 2 |  |  |
| 2023-12 | 2 |  |  |
| 2024-03 | 1 |  | delinquency rising |
| 2024-06 | 1 |  |  |
| 2024-09 | 1 |  |  |
| 2024-12 | 2 | net worth falling |  |
| 2025-03 | 3 | delinquency rising |  |
| 2025-06 | 3 | delinquency 2x band | net worth falling |
| 2025-09 | 3 |  |  |
| 2025-12 | 2 | charge-offs p90 | delinquency rising, delinquency 2x band |
| 2026-03 | 1 |  | charge-offs p90 |

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

- 2026-05-21 [CODE Credit Union announces construction of third branch in Kettering expansion - The Business Journals](https://news.google.com/rss/articles/CBMipAFBVV95cUxOeWlKblRyLW10NWliUlBwdGFKRkRFRm5UUjVYT2JuV1NJNjBua2Itd00xdTkzNVAwU1hmYjJXbVlhUlB6d3ozTHUzRGpmRUMxcHY3cHhvLVROaUJsSEVXSWtIWVNjMmxldjNFY3RpMHZjc3BYcTF3b0d3eldOVFlYNjhxMGFkc3NkM3hCcWw1NWR2Z1E1dW5kU1k0a3B4WlpjOExCUg?oc=5) · The Business Journals
- 2026-06-10 [Groundbreaking held for credit union in Kettering - WHIO TV](https://news.google.com/rss/articles/CBMipAFBVV95cUxPcmhlUjlfeUFNWXdpZVdKNUtlNDJrUkp0SWdqS0MtUXZER3NEVW02aTBDY2hseDlROXAwaVYtZFdOSzdZOEE0MmZRajM0d2wzUVpjZjVPUUt6WURNRHJZU2x1NmhLS0prV2kyT2luN0VYMTVaY1dDZzhHZUswcDBZYUFZdDAxajloQjk4VHI1ZDhCT3U2cVRzdnRSOEdtNWhUamp1N9IBuAFBVV95cUxOS1YzX1hvYXJwekluNjRKVnJYdGszTXJMb1c3b3E2cHVBRTlGSlpLbXJFNWgzUmV4aFpJcmFNZEp6R3B2TjZPV1dwQmxmYlVwbUdfWnh6b3kxR013TTUzR0F3a1l2bTRicFpOUWRnZmdNcDBRNGJmTjN4UlpSTzEwWGFHeTZ1STl3aTRDSTNqb0g1X2hNSF9IbnpQNXRUbVp0RHBBVVE4LWN2MWtqVDRKM3Z3em5PQVJj?oc=5) · WHIO TV
- 2026-08-13 [Bankers Lose Key Round As Ohio Clears Path For Interra’s Hicksville Bank Deal - cutoday.info](https://news.google.com/rss/articles/CBMitAFBVV95cUxOX2FGSHU5WWloM0s4VGdpdm92dWJTdVE1M3JoV1B6UWlOOVhFMkpXc3lOb1g2V2lPNEE3cW9fM2N6bGFQSEJyTnMtVVpUT1FwSVl3UnYwWFZIMTgxdXdMYW1BRmZ5QWVIU25LX3d2SlJSQ3VIZTdYTUl0UHJoQUJ2Tmd3RWdPWHFGRFZCYXA1YWllTWpicTJjV0toc2k3Xy1lSUg0Y2x0dlZyVEl6djFWV01vdDc?oc=5) · cutoday.info
- 2026-05-13 [Wright-Patt Credit Union Banks On Cactus As AOR 05/14/2026 - mediapost.com](https://news.google.com/rss/articles/CBMiqgFBVV95cUxNV3docGwteEVJYkViVS1aUElrb3J6dE1CbHdVV0swdkZXOXlWN2xiaVY3dE5tYnVmRDNJZ2pjRlYtc1RJclpzUHpINXhVOFZ2VDE0TFMyWjg5azZuT0pvd0pSTmxzZTZzZ21OaWc3SG1GVkI1Tnl3ekkyd1JlNXJUNVl1NGNVd3BHQjl5V21jdTA1YU51UDhlaU1HNzZOeU85dHhmNTN5bGZKdw?oc=5) · mediapost.com
- 2026-06-01 [These Savings Accounts Will Pay Your Kid 7% APY and Higher | Banking Advice | U.S. News - U.S. News & World Report](https://news.google.com/rss/articles/CBMingFBVV95cUxNclFvRVJLRmFDYW5GU2VjRnZBT3c5Uk9jWllqXzBwbXJ6WXNULTNFVnRub3g5Y0daaXppQVFDTWdEUXQ3cmtCSzl2a1N5cW9XY0VSZXJUT3ltMFE4WS15S19VeWkxaGhrUlFnOTN2TC1PZnNmbVc0c0xEMG0tUVpQTFd6OHctNktiZmZpaldvaTd3RHc1TFN5QU5oS2xFUQ?oc=5) · U.S. News & World Report
- 2026-07-14 [JAC, 7 17 Credit Union Launch Affinity Credit Card - Business Journal Daily](https://news.google.com/rss/articles/CBMiiwFBVV95cUxQUjloOExYM1BhOER2bU8tV1gzVmlhVks4TTZwU2NBdFdCbE8xZF9EeEJWX0RFVE4yNHc0RXBUeTNkVkZsOERjVl9DRjJtMVF5Z0lzbXVLVHJfNWlvM2stNV9oRHc4S0taSlNzR3hoU1FEZ09Hby0xN21OM09zSDNQYWRYNE9aS0ZVWFp3?oc=5) · Business Journal Daily
- 2025-12-04 [Card program aims to keep dollars local in Yellow Springs - ysnews.com](https://news.google.com/rss/articles/CBMikwFBVV95cUxPalRIaENlNVQtdWt4YU5BWnh1ZzJ5QlA0WndaWl83eXkxS05FYXVDN3NNZWJ1elVRQ216dm16cDBSbDdaYmpVdm1QWXJpQVlva0VvMzNOVjZSc3ZiRVAxdGZ6Q1g0LWVic3RaMjdZeFpnMGZVb2piRjU1QVVyQzV2Q1I0Sl91YmJiQXdpc0piOWlmMEU?oc=5) · ysnews.com
- 2026-08-05 [Best Credit Union Bonus Promotions (September 2026) - Best Wallet Hacks](https://news.google.com/rss/articles/CBMia0FVX3lxTFA2QXB2VnhxSnB0eVBNTEc5LUphV2s2Z2FNVVJGVHJWWWZXeGJnUzFWQ0I3dlJjQnd4WDVUOFUzZVRVbGJlMkh6aVBqZWJ4MEpoM2NaZHFTVEhra0xJVkdpOE0zMnJjUFI3aFpr?oc=5) · Best Wallet Hacks

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=66840 (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/24.json (key "66840", 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=66840
- 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