# A NEW DIRECTION
DALLAS, TX · NCUA charter 67413 · asset band <$50M · latest filing 2022-06 · stopped filing after 2022-06 (departed; for a credit union that is almost always a merger)
Share link (named URL with a preview card): https://getbookiq.com/cu/a-new-direction-67413

Who the members are: state charter, organized 1969, minority depository institution. 2,572 members of 20,000 potential (12.9% of the field); checking penetration 20% (share draft accounts per 100 members); loans per 100 members 34.

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

## What the filing shows

| Measure | Value |
|---|---|
| Total assets | $17.1M |
| Members | 2,572 (-9.0% YoY) |
| Full-time staff | 4 |
| Net worth | $1.0M |
| Net worth ratio | 6.0% (p2 of band) |
| ROA (annualized) | -0.51% (p16 of band) |
| Total delinquency | 0.27% (p40 of band) |
| Net charge-offs (annualized) | 0.64% (p87 of band) |
| Loans / shares | 60% (p67 of band) |
| Cash / assets | 42.6% |
| Borrowings / assets | 0.00% |
| Net interest margin | 3.18% (p79 of band) |
| Operating expense / assets | 5.19% (p92 of band) |
| Vehicles % of loans | 36% (p23 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 0% |
| Third-party paper % of net worth | 0% (p43 of band) |
| Vehicle delinquency | 0.00% (p18 of band) |
| Vehicle NCO | 0.33% (p84 of band) |
| Repossessed % of vehicle book | 0.14% (p96 of band) |
| Real estate % of loans | 29% |
| Credit cards % of loans | 0% |
| Unsecured % of loans | 18% |
| Commercial % of net worth | 0% |
| Core shares % of member funds | 99% |
| Certificates % of member funds | 0% |
| Average share balance | $4,931 |
| Participations bought / yr | $0 |
| Participations sold / yr | $0 |
| Participations outstanding | – |
| Loans outstanding per 100 members | 34% |
| Loans granted per 100 members, annualized | 4% |
| Average loan balance | $11,123 |
| Loans granted, annualized | $2.3M |

## Flags firing in the latest filing

- **thin capital** (`cap_low`)
- **capital below 7%** (`cap_critical`)
- **losing money** (`earn_negative`)
- **expense trap** (`earn_opex`)
- **assets shrinking** (`shrink_assets`)
- **members leaving** (`shrink_members`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 3 | thin capital, losing money, expense trap |  |
| 2016-06 | 3 |  |  |
| 2016-09 | 3 |  |  |
| 2016-12 | 2 |  | losing money |
| 2017-03 | 4 | losing money, delinquency rising |  |
| 2017-06 | 3 |  | delinquency rising |
| 2017-09 | 4 | net worth falling |  |
| 2017-12 | 2 |  | losing money, net worth falling |
| 2018-03 | 5 | losing money, delinquency 2x band, delinquency rising |  |
| 2018-06 | 5 | members leaving | delinquency rising |
| 2018-09 | 7 | assets shrinking, loan book shrinking |  |
| 2018-12 | 7 | charge-offs p90 | delinquency 2x band |
| 2019-03 | 5 |  | members leaving, charge-offs p90 |
| 2019-06 | 6 | net worth falling, members leaving | loan book shrinking |
| 2019-09 | 5 |  | net worth falling |
| 2019-12 | 5 |  |  |
| 2020-03 | 7 | delinquency 2x band, delinquency rising |  |
| 2020-06 | 8 | capital below 7% | assets shrinking |
| 2020-09 | 9 | net worth falling, margin squeeze | delinquency 2x band |
| 2020-12 | 8 |  | delinquency rising |
| 2021-03 | 9 | delinquency 2x band |  |
| 2021-06 | 7 |  | net worth falling, delinquency 2x band |
| 2021-09 | 7 |  |  |
| 2021-12 | 6 |  | losing money |
| 2022-03 | 7 | losing money, assets shrinking | margin squeeze |
| 2022-06 | 7 |  |  |

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

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## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=67413 (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/21.json (key "67413", 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=67413
- 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