# UNITED LABOR
Raytown, MO · NCUA charter 67009 · asset band <$50M · latest filing 2026-03 · live
Share link (named URL with a preview card): https://getbookiq.com/cu/united-labor-67009

Who the members are: state charter, organized 1987. 5,547 members of 50,000 potential (11.1% of the field); checking penetration 14% (share draft accounts per 100 members); loans per 100 members 26.

**Verdict on the desk:** this could be *auto monoline*. 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 | $22.6M |
| Members | 5,547 (9.3% YoY) |
| Full-time staff | 6 |
| Net worth | $1.6M |
| Net worth ratio | 7.2% (p3 of band) |
| ROA (annualized) | 0.07% (p26 of band) |
| Total delinquency | 1.26% (p67 of band) |
| Net charge-offs (annualized) | 0.43% (p73 of band) |
| Loans / shares | 55% (p47 of band) |
| Cash / assets | 45.1% |
| Borrowings / assets | 0.00% |
| Net interest margin | 5.20% (p89 of band) |
| Operating expense / assets | 4.54% (p70 of band) |
| Vehicles % of loans | 67% (p59 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 5% |
| Third-party paper % of net worth | 60% (p95 of band) |
| Vehicle delinquency | 1.41% (p72 of band) |
| Vehicle NCO | 0.81% (p85 of band) |
| Repossessed % of vehicle book | 0.00% (p46 of band) |
| Real estate % of loans | 2% |
| Credit cards % of loans | 5% |
| Unsecured % of loans | 20% |
| Commercial % of net worth | 0% |
| Core shares % of member funds | 79% |
| Certificates % of member funds | 21% |
| Average share balance | $2,587 |
| Participations bought / yr | $0 |
| Participations sold / yr | $0 |
| Participations outstanding | $580,538 |
| Loans outstanding per 100 members | 26% |
| Loans granted per 100 members, annualized | 5% |
| Average loan balance | $7,970 |
| Loans granted, annualized | $4.5M |

## Participation posture (from the same filings)

Bought $0 and sold $0 in the latest annualized quarter; $580,538 outstanding purchased (35.9% of net worth), $0 sold and retained. Sold in 0 and bought in 3 of the last 8 quarters. Shares 13.4% year over year.

## Flags firing in the latest filing

- **thin capital** (`cap_low`)
- **auto monoline** (`str_vehicle`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 4 | thin capital, expense trap, 3rd-party paper>100% NW, auto monoline |  |
| 2016-06 | 4 |  |  |
| 2016-09 | 4 |  |  |
| 2016-12 | 4 |  |  |
| 2017-03 | 4 |  |  |
| 2017-06 | 3 |  | thin capital |
| 2017-09 | 3 |  |  |
| 2017-12 | 5 | delinquency rising, loan book shrinking |  |
| 2018-03 | 9 | thin capital, net worth falling, losing money, margin squeeze, charge-offs p90, repo signal | delinquency rising, loan book shrinking |
| 2018-06 | 8 |  | repo signal |
| 2018-09 | 5 |  | net worth falling, margin squeeze, charge-offs p90 |
| 2018-12 | 5 | margin squeeze | expense trap |
| 2019-03 | 4 | expense trap | losing money, margin squeeze |
| 2019-06 | 3 |  | expense trap |
| 2019-09 | 4 | expense trap |  |
| 2019-12 | 3 |  | expense trap |
| 2020-03 | 6 | net worth falling, losing money, delinquency rising |  |
| 2020-06 | 4 |  | losing money, delinquency rising |
| 2020-09 | 4 | margin squeeze | net worth falling |
| 2020-12 | 4 |  |  |
| 2021-03 | 5 | net worth falling, loan book shrinking | 3rd-party paper>100% NW |
| 2021-06 | 8 | capital below 7%, delinquency rising, 3rd-party paper>100% NW | loan book shrinking |
| 2021-09 | 9 | losing money |  |
| 2021-12 | 6 |  | margin squeeze, net worth falling, delinquency rising |
| 2022-03 | 7 | expense trap |  |
| 2022-06 | 7 | assets shrinking, members leaving | capital below 7% |
| 2022-09 | 9 | capital below 7% |  |
| 2022-12 | 8 | net worth falling | expense trap, assets shrinking |
| 2023-03 | 6 |  | losing money, members leaving |
| 2023-06 | 6 |  |  |
| 2023-09 | 5 |  | net worth falling |
| 2023-12 | 5 |  |  |
| 2024-03 | 3 |  | capital below 7% |
| 2024-06 | 3 |  |  |
| 2024-09 | 3 |  |  |
| 2024-12 | 5 | delinquency rising, repo signal |  |
| 2025-03 | 6 | delinquency 2x band |  |
| 2025-06 | 4 |  | 3rd-party paper>100% NW, delinquency 2x band |
| 2025-09 | 3 |  | repo signal |
| 2025-12 | 2 |  | delinquency rising |
| 2026-03 | 2 |  |  |

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

- 2012-10-03 [James Raymond Bryan Obituary Oct 3, 2012 - The Amos Family Funeral Home & Crematory](https://news.google.com/rss/articles/CBMiXkFVX3lxTE1hQkpGcEJyS3R6ZlVKbU52SFh1QndwZEc1WERLODRxdEZpOXU5bzZUb0NWSGpaZ2NpSFZpNTR3TlhFSl9VTHVDaE02Z2wyTEZtdmFVX0puQkE1aTdvM2c?oc=5) · The Amos Family Funeral Home &amp; Crematory
- 2025-08-03 [Tribute for Maxine Ann Bynum - Langsford Funeral Home](https://news.google.com/rss/articles/CBMia0FVX3lxTFBobWJkS2FKQ1VKTHhTMUp3aHBDTzZ3bGw0Qk0zaVRQLW1XZEg4LURaMTVvcTNOV0xRaWN0Z3FLRDc2d0hxN3FmS2cwVGt4ZHJZaWtOZFFLaUNySG81TVNvVmRySDBZUE1qa3VV?oc=5) · Langsford Funeral Home
- 2019-10-19 [Scott Forbes Obituary - Kansas City, MO - Dignity Memorial](https://news.google.com/rss/articles/CBMihAFBVV95cUxQUU5DTURtdVlXSVhWSV9jbjVBY0dyci1CREVPYXNZek1pTnJlNFdoTk5wMjI4amR5dGNoUUNiZ0pGcmlVQ0lQZjk2NVg0VGlrelViWkloRmpDU0hVYU55Z0Zic0wwZVZhU2tnYm1MSHh1VjM5b3ZXb0p3b0hiSDFWZkhXeGo?oc=5) · Dignity Memorial
- 2003-09-01 [Rachel Neely Obituary (2003) - Kansas City, MO - Kansas City Star - legacy.com](https://news.google.com/rss/articles/CBMijgFBVV95cUxNMHQ5UUx1dzkzaUpURzY5RmxJU3lyWXBudXFMbTI5MV9hX3ZyS2JUbHY1SjhpRjA1bC1iY0ZBMGFjT3B4YUc5bDZuaFM2TkZhM29XWm9fY29tM094QVRjTUpxbXZrRHNlRGJYM3NFbzlPSmlGM1Nma0kxTmd0U0otT20wS2p3dkVKb3B2ZHd3?oc=5) · legacy.com

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=67009 (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/1.json (key "67009", 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=67009
- 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