# SAVANNAH FEDERAL
Savannah, GA · NCUA charter 67445 · asset band <$50M · latest filing 2018-09 · stopped filing after 2018-09 (departed; for a credit union that is almost always a merger)
Share link (named URL with a preview card): https://getbookiq.com/cu/savannah-federal-67445

Who the members are: state charter, organized 1931. 1,649 members of 5,512 potential (29.9% of the field); checking penetration 53% (share draft accounts per 100 members); loans per 100 members 33.

**Verdict on the desk:** this could be *too clean*. 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 | $20.2M |
| Members | 1,649 (-0.9% YoY) |
| Full-time staff | 5 |
| Net worth | $3.7M |
| Net worth ratio | 18.4% (p77 of band) |
| ROA (annualized) | -1.15% (p5 of band) |
| Total delinquency | 0.08% (p17 of band) |
| Net charge-offs (annualized) | 0.34% (p59 of band) |
| Loans / shares | 46% (p30 of band) |
| Cash / assets | 6.0% |
| Borrowings / assets | 0.00% |
| Net interest margin | 2.49% (p20 of band) |
| Operating expense / assets | 4.67% (p80 of band) |
| Vehicles % of loans | 39% (p29 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 0% |
| Third-party paper % of net worth | 0% (p45 of band) |
| Vehicle delinquency | 0.06% (p31 of band) |
| Vehicle NCO | 0.21% (p61 of band) |
| Repossessed % of vehicle book | 0.00% (p45 of band) |
| Real estate % of loans | 45% |
| Credit cards % of loans | 0% |
| Unsecured % of loans | 15% |
| Commercial % of net worth | 0% |
| Core shares % of member funds | 57% |
| Certificates % of member funds | 32% |
| Average share balance | $5,298 |
| Participations bought / yr | $0 |
| Participations sold / yr | $0 |
| Participations outstanding | – |
| Loans outstanding per 100 members | 33% |
| Loans granted per 100 members, annualized | 13% |
| Average loan balance | $14,046 |
| Loans granted, annualized | $2.7M |

## Flags firing in the latest filing

- **net worth falling** (`cap_falling`)
- **losing money** (`earn_negative`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 1 | delinquency 2x band |  |
| 2016-06 | 2 | losing money |  |
| 2016-09 | 1 |  | delinquency 2x band |
| 2016-12 | 1 |  |  |
| 2017-03 | 0 |  | losing money |
| 2017-06 | 1 | net worth falling |  |
| 2017-09 | 1 |  |  |
| 2017-12 | 0 |  | net worth falling |
| 2018-03 | 0 |  |  |
| 2018-06 | 1 | repo signal |  |
| 2018-09 | 2 | net worth falling, losing money | repo signal |

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

- 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
- 2023-03-18 [GS Alumnus and CORE Credit Union VP Ashley Norris is Savannah St. Patrick's Day Parades 199th Chairman - griceconnect.com](https://news.google.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?oc=5) · griceconnect.com
- 2012-03-11 [March 12 – Georgia Heritage Federal Credit Union Names New CEO - Savannah Business Journal](https://news.google.com/rss/articles/CBMi_AFBVV95cUxQOVdWWjNsNVFmQ0c5UUg4NVlFYmtDdWx1ZVNCcTdkSGx5SnZ0TjhScVRwaV9qLWtha3dDMk9pbGs5UVJLSWhwUlBSVTZWUUhnSE1HQmVyQTBLVjdLTXpjWjBjRVNObjk0bHBqOEJKSU8za2p3eXhPRlFyaENYMHcxY3k5NXUyV1ZRRl9YYkd6aUVCaFp2bkJlMkx1VERheW13eS1pTkw1R01xQXdxaTBBelRWMmk0cGdRNnFIYkFqSlRjdDl1akI1VlNxcTliTFVySkNnMWluRXhqM09DU3VFVUdWdkxTZUJwZzJLTUR1Z0VGZy1vejVyMHZQVVo?oc=5) · Savannah Business Journal
- 2019-10-08 [CORE’s history takes it places - Statesboro Herald](https://news.google.com/rss/articles/CBMieEFVX3lxTE5URHRoMXdBb1BVRlc5WUZqdTBVbDY3eENVTnlpLTNtV2lwY0JWQ3Z4MWxHVjlYbzZ2YkNwanBRM09QXzZhekNOc2kycklwbXQ3d3g5ZklYRXhPZFlfN1BQY0pqM0ozNnhldnlIS29FaTdWenBHbUpCbA?oc=5) · Statesboro Herald
- 2024-07-08 [CORE Credit Union's 50th annual meeting highlights growth and community commitment - griceconnect.com](https://news.google.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?oc=5) · griceconnect.com
- 2021-11-30 [Steven Wright Obituary (2011) - Savannah, GA - Savannah Morning News - legacy.com](https://news.google.com/rss/articles/CBMijgFBVV95cUxQLW1RYzFoY0ozRTM2V0FfS1lHZ0xiemdIQTNzWFBaZjI0eEw4VDJ6ZjVseVNRRDFPZ2MxQU5RMkFLbjBRdWdCOEZ3aTMyZzljWW9yMVYzSDhwV2hFZ3A3eml6bzRvTHBlRU1ETkxyX1pvM21ETTFfTFNCZ2Y5QjN2Z3RtWVllTGJuOW5PcXdn?oc=5) · legacy.com
- 2023-01-26 [Memorial Health Credit Union merges with CORE Credit Union - griceconnect.com](https://news.google.com/rss/articles/CBMipgFBVV95cUxPRE9PUkZDVEtMMTFwTzgxVnE1cGZfOHE1MkdMZjIzZU0tT3QxaURSdDJmaER2VndKYTZwTzNuNmM4WUlJeWtGS2ptVkgzcUpwN0VPWFFuN2RmN0NEUWgzZmFMVkw1V2xRdVpQVFRpazRnOWxSYjR5UU5JUlJMRTNnWHBPcHRZMkkwRzNCdEg4ZXkzUTg5UUFrcTFPbk9DMkRGUHA4Ti1n0gGrAUFVX3lxTE1IWEJLcGV0VDNOODNDaU92LVE5Q3hGTXdGaDBZc0VtNEFtbUxUTW9JUGZPOHNsVDdVNU5mbWhlbWFsS3l6SlBfa0RRVWNfM3NvVkNGR09mdDh3SGE2WmNVMlpYT1BxQ1QtT24zVmlIR21XeUdxTUhuVkROSHBiUFZKTnlOQmVMSHJXWWlDbG5hMlZSdzBrcVpuVGQ5MWVxcWpkNENZc0l4RU03SQ?oc=5) · griceconnect.com
- 2011-07-22 [William Crump Obituary (2011) - Savannah, GA - Savannah Morning News - legacy.com](https://news.google.com/rss/articles/CBMijgFBVV95cUxQY25XMDVISjR3LWh1V1Q2NjN0ZGRJR1QwcFRac1poWDJyN0RTMzlyNUNKOEFpdlBqWVlXdV9MallPUm45bHBZUDM3Rmt0VlN3OGhpaVFFX2U3YVdIQmJkX2RwV1VTOGptLXM5My0yT0Y5WFh3NkhoOXdRUU5sY05tZGgxclhJZWdnaDVlNTVB?oc=5) · legacy.com

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=67445 (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/53.json (key "67445", 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=67445
- 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