# NORTH MAIN
CORNELIA, GA · NCUA charter 67391 · asset band <$50M · latest filing 2023-06 · stopped filing after 2023-06 (departed; for a credit union that is almost always a merger)
Share link (named URL with a preview card): https://getbookiq.com/cu/north-main-67391

Who the members are: state charter, organized 1979. 3,456 members of 20,000 potential (17.3% of the field); checking penetration 28% (share draft accounts per 100 members); loans per 100 members 51.

**Verdict on the desk:** this could be *ordinary*. 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 | $31.1M |
| Members | 3,456 (5.7% YoY) |
| Full-time staff | 8 |
| Net worth | $4.3M |
| Net worth ratio | 14.0% (p58 of band) |
| ROA (annualized) | -0.05% (p19 of band) |
| Total delinquency | 1.19% (p70 of band) |
| Net charge-offs (annualized) | 0.34% (p72 of band) |
| Loans / shares | 83% (p80 of band) |
| Cash / assets | 24.6% |
| Borrowings / assets | 0.00% |
| Net interest margin | 5.17% (p94 of band) |
| Operating expense / assets | 6.57% (p95 of band) |
| Vehicles % of loans | 56% (p41 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 0% |
| Third-party paper % of net worth | 0% (p43 of band) |
| Vehicle delinquency | 1.75% (p81 of band) |
| Vehicle NCO | 0.46% (p82 of band) |
| Repossessed % of vehicle book | 0.00% (p46 of band) |
| Real estate % of loans | 22% |
| Credit cards % of loans | 4% |
| Unsecured % of loans | 10% |
| Commercial % of net worth | 0% |
| Core shares % of member funds | 67% |
| Certificates % of member funds | 16% |
| Average share balance | $5,848 |
| Participations bought / yr | $0 |
| Participations sold / yr | $0 |
| Participations outstanding | – |
| Loans outstanding per 100 members | 51% |
| Loans granted per 100 members, annualized | 29% |
| Average loan balance | $12,499 |
| Loans granted, annualized | $12.0M |

## Flags firing in the latest filing

- **losing money** (`earn_negative`)
- **expense trap** (`earn_opex`)
- **delinquency 2x band** (`aq_dq_high`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 1 | delinquency 2x band |  |
| 2016-06 | 1 |  |  |
| 2016-09 | 0 |  | delinquency 2x band |
| 2016-12 | 0 |  |  |
| 2017-03 | 1 | net worth falling |  |
| 2017-06 | 0 |  | net worth falling |
| 2017-09 | 0 |  |  |
| 2017-12 | 1 | net worth falling |  |
| 2018-03 | 2 | expense trap |  |
| 2018-06 | 1 |  | expense trap |
| 2018-09 | 1 | expense trap | net worth falling |
| 2018-12 | 2 | delinquency rising |  |
| 2019-03 | 2 | repo signal | delinquency rising |
| 2019-06 | 2 | assets shrinking | repo signal |
| 2019-09 | 1 |  | assets shrinking |
| 2019-12 | 1 |  |  |
| 2020-03 | 3 | net worth falling, delinquency rising |  |
| 2020-06 | 3 | margin squeeze | expense trap |
| 2020-09 | 2 |  | delinquency rising |
| 2020-12 | 1 |  | net worth falling |
| 2021-03 | 0 |  | margin squeeze |
| 2021-06 | 1 | charge-offs p90 |  |
| 2021-09 | 1 | expense trap | charge-offs p90 |
| 2021-12 | 1 |  |  |
| 2022-03 | 2 | margin squeeze, delinquency rising | expense trap |
| 2022-06 | 2 |  |  |
| 2022-09 | 2 |  |  |
| 2022-12 | 1 |  | delinquency rising |
| 2023-03 | 3 | losing money, expense trap, delinquency 2x band | margin squeeze |
| 2023-06 | 3 |  |  |

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

- 2026-06-17 [Proper Capital & Real Estate represents buyer in ‘strategic move’ in North Jacksonville - Jacksonville Daily Record](https://news.google.com/rss/articles/CBMizAFBVV95cUxQZzhjU3p5Um1pd2xsTGpfTC1lRWo4ajFvRDRnM0JWeU44Q2p3MHZvTWNRcmZRa2FmaTVJTHNRaTFtdVByVWNKMzQxOFliZlBsZUZCN2k5T0x0R0taU3hadzJiTXBzNVNpZDdJb2pBM1FDTk5LaTc2bnk3Yk85SlAtMTFxb2FZMVN4a1RubVpucnZJX2M2anBoS0RYQ2ZyYllDN203VUF2RUlJZTRjMTdpYnZWMjZ4WXJUS09LQWxPZVk4STFobS1QUWw1Smw?oc=5) · Jacksonville Daily Record
- 2023-10-12 [Georgia United Credit Union promotes CFO Bob Bogart to Executive Vice President - CUInsight](https://news.google.com/rss/articles/CBMivAFBVV95cUxNT1N2NS1KSzFlVVF4UWE3RzRROGViUTdCenA2RjAwRC1iTVFTOWZ5aU84QTRMVU00M2ZIUmhKQmZ3Ri1mSnlmQWxCT3FodE1DMDVLY1VqNC14aHI2c2lWamQxYmNqelgwT2gxTFVHSWg4bTM5Y2d6MkZyWnl4VlpqTlBYam1HZjVUczFNMVNLUC05NlpEX0hQMW40YmNtTExmWERkQy1DaUxTdkRpTzdmbTVJMW5Na2JiRnlsQw?oc=5) · CUInsight
- 2025-06-20 [Biz bits: Little Shop launches children’s book festival; Radio Roasters wins award - decaturish.com](https://news.google.com/rss/articles/CBMi-gFBVV95cUxNQXNMYldSX3NoWDdENVFJWnkxb1BSNjJFTUdWal9hbFQ2b2RmUFExWk9rUjVOOXhUbGlRUGtHYTJvN3QxaEFCLTBUY1I0WlhJTWJseF9BNEhHSzNyaEhERnNNRG5BTU94M09vRlpBNzVlZnMyZ0FlRlhrT0lua21WNWRRVHFOUGJUcVVSSXVXX0tONGpxNEhKWER5bWUtRi1OMHBCTHJ6VDB6MFFITElXbmVnUkhHRm9MVDg0MVF1aFE5UXJXWDFlZHp4c2ZXWm11aEJzUDlyRjQtM2xPWkEzYmVCSmRmeGd5QzJMUlc3WklRejY4Wk56SmVB?oc=5) · decaturish.com
- 2018-09-24 [Inside Bulloch Business - CORE breaking ground on new main office - Statesboro Herald](https://news.google.com/rss/articles/CBMiogFBVV95cUxQY2ZIU2J6N0lXNzZYRnJWNWlJX0E0LVhUVlZrU3dlc1NQMGFTaFFmQ0pwU2pZcDFaTnJZUGlpckJ2aHBQbnFDcWNVQklfV2Q1bGYtR1JNYnU0cUFFMWZJTGVwWmR1VUtVdU5fb01mbHRub0lhMTN5cWVfV0s4T0oxNXZHMTkxSjVCLW9Na0RCQlpDREk1d3dfZERXcG9POHYyOWc?oc=5) · Statesboro Herald
- 2024-05-31 [GPC restores power downtown through the westside of Statesboro after a brief outage - griceconnect.com](https://news.google.com/rss/articles/CBMiuAFBVV95cUxNQ0JoaFNJa01QRTZVai1GbUwwZ3pNX2w3cDd3bTRkNDR1bktZRXF2aUUtTHlaVmhzclZiZGpaYU9SMTY3dDl1bWdFbVJVUkhkQjZ0UVJVQUc0TVlaTDh6UkQ4N0d3VEUwOG1RS1RPbUJmR3ZYMERXMXJINUc1blBtZ1QtMXBlTERtUk4wS0NmM0pGRHl6LTZWclViZXNwZTZzWGpZTDNTbTRaNkJDWEtmdlpXdjJIQzdU0gG-AUFVX3lxTE9ySlpILUV1RnVPVmRiM0RSakw1OUd4a25IVmpSbXNVV0gzX2ZpbUZ0OThTd3R2TFoyZ2wzc3NsMGVLRjU0d1FwWV9aN0g2UnBScEV6ejVTdW9sZHBINVBXSmd5eTJQX0lUaE4ydWY4cFlDZTFMREMyVkdpdmh2c2x4Q3dncF8yenpUQnVrMnlqQUgtVWdIT0hJaFZuUWRyTGVjSXlhbGZmX1lGWFVBdTMtNXpGaHZfamJQTTA2QVE?oc=5) · griceconnect.com
- 2023-05-23 [VFL announces this year’s Dec-A-Duck winners - Now Georgia](https://news.google.com/rss/articles/CBMidkFVX3lxTFBmVEZCMmdqZnNsZF9STlpzdklCS19nd0dCZzBuQTRuaU5NOEhSTGNJZWcxRjN1VVo2bTVqbXpSQUpXTDA3RXdVdHJ0bHIzR0NXUktKSmliZnpaeUliTXVVTVVNU21rSU43ajhhLXA2NmlaNXhUMnc?oc=5) · Now Georgia
- 2025-01-20 [Mrs. Joyce Ann Nelson - View Obituary & Service Information - wilsonfuneralhome.com](https://news.google.com/rss/articles/CBMicEFVX3lxTE9vMUdyUDVmeGduSVYxTHVvakp3UjBzWnBNZTRMRE1xOTlaOEpRcXJfY0M3emdraHVSRXM3cVVSY1QxVkpTTkY4YWVENDJHLXhwQkJRQnNMcU1xNXNMYjhPX1hnbHE0WW4zb2JkVmNPVXQ?oc=5) · wilsonfuneralhome.com
- 2019-10-08 [CORE’s history takes it places - Statesboro Herald](https://news.google.com/rss/articles/CBMieEFVX3lxTE5URHRoMXdBb1BVRlc5WUZqdTBVbDY3eENVTnlpLTNtV2lwY0JWQ3Z4MWxHVjlYbzZ2YkNwanBRM09QXzZhekNOc2kycklwbXQ3d3g5ZklYRXhPZFlfN1BQY0pqM0ozNnhldnlIS29FaTdWenBHbUpCbA?oc=5) · Statesboro Herald

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=67391 (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/63.json (key "67391", 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=67391
- 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