# SORG BAY WEST
MIDDLETOWN, OH · NCUA charter 6772 · asset band <$50M · latest filing 2026-03 · live
Share link (named URL with a preview card): https://getbookiq.com/cu/sorg-bay-west-6772

Who the members are: federal charter, community charter, organized 1950. 805 members of 51,478 potential (1.6% of the field); checking penetration 54% (share draft accounts per 100 members); loans per 100 members 67.

**Verdict on the desk:** this could be *stressed*. Composite score 8 of 18 (one point per flag across 17 flags, capital below 7% counted twice).

## What the filing shows

| Measure | Value |
|---|---|
| Total assets | $11.7M |
| Members | 805 (-1.1% YoY) |
| Full-time staff | 4 |
| Net worth | $556,711 |
| Net worth ratio | 4.8% (p1 of band) |
| ROA (annualized) | -0.86% (p11 of band) |
| Total delinquency | 2.18% (p80 of band) |
| Net charge-offs (annualized) | 2.55% (p95 of band) |
| Loans / shares | 76% (p77 of band) |
| Cash / assets | 26.9% |
| Borrowings / assets | 0.00% |
| Net interest margin | 4.43% (p71 of band) |
| Operating expense / assets | 3.97% (p60 of band) |
| Vehicles % of loans | 69% (p62 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 0% |
| Third-party paper % of net worth | 0% (p43 of band) |
| Vehicle delinquency | 1.58% (p74 of band) |
| Vehicle NCO | 3.48% (p96 of band) |
| Repossessed % of vehicle book | 1.15% (p99 of band) |
| Real estate % of loans | 21% |
| Credit cards % of loans | 2% |
| Unsecured % of loans | 9% |
| Commercial % of net worth | 9% |
| Core shares % of member funds | 46% |
| Certificates % of member funds | 49% |
| Average share balance | $5,735 |
| Participations bought / yr | $0 |
| Participations sold / yr | $0 |
| Participations outstanding | – |
| Loans outstanding per 100 members | 67% |
| Loans granted per 100 members, annualized | 13% |
| Average loan balance | $15,691 |
| Loans granted, annualized | $1.5M |

## Flags firing in the latest filing

- **thin capital** (`cap_low`)
- **capital below 7%** (`cap_critical`)
- **losing money** (`earn_negative`)
- **delinquency 2x band** (`aq_dq_high`)
- **charge-offs p90** (`aq_nco_high`)
- **repo signal** (`aq_repo`)
- **auto monoline** (`str_vehicle`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 0 |  |  |
| 2016-06 | 3 | thin capital, losing money, delinquency 2x band |  |
| 2016-09 | 4 | net worth falling, charge-offs p90 | delinquency 2x band |
| 2016-12 | 3 |  | charge-offs p90 |
| 2017-03 | 3 | delinquency 2x band, delinquency rising | losing money, net worth falling |
| 2017-06 | 4 | repo signal, assets shrinking | delinquency rising |
| 2017-09 | 3 | delinquency rising | repo signal, assets shrinking |
| 2017-12 | 4 | net worth falling |  |
| 2018-03 | 2 |  | delinquency 2x band, delinquency rising |
| 2018-06 | 1 |  | net worth falling |
| 2018-09 | 1 |  |  |
| 2018-12 | 1 |  |  |
| 2019-03 | 1 |  |  |
| 2019-06 | 2 | delinquency 2x band |  |
| 2019-09 | 1 |  | thin capital |
| 2019-12 | 1 | thin capital | delinquency 2x band |
| 2020-03 | 4 | net worth falling, delinquency 2x band, delinquency rising |  |
| 2020-06 | 4 |  |  |
| 2020-09 | 4 | margin squeeze | net worth falling |
| 2020-12 | 3 |  | margin squeeze |
| 2021-03 | 4 | net worth falling, auto monoline | delinquency rising |
| 2021-06 | 5 | charge-offs p90 |  |
| 2021-09 | 6 | losing money |  |
| 2021-12 | 5 |  | net worth falling |
| 2022-03 | 3 |  | charge-offs p90, losing money |
| 2022-06 | 4 | delinquency rising |  |
| 2022-09 | 4 |  |  |
| 2022-12 | 5 | repo signal |  |
| 2023-03 | 5 |  |  |
| 2023-06 | 4 |  | delinquency rising |
| 2023-09 | 4 |  |  |
| 2023-12 | 6 | losing money, charge-offs p90 |  |
| 2024-03 | 11 | capital below 7%, net worth falling, margin squeeze, delinquency rising |  |
| 2024-06 | 6 | members leaving | charge-offs p90, capital below 7%, net worth falling, margin squeeze, delinquency rising |
| 2024-09 | 8 | capital below 7% |  |
| 2024-12 | 10 | net worth falling, margin squeeze |  |
| 2025-03 | 9 | charge-offs p90 | losing money, margin squeeze |
| 2025-06 | 12 | losing money, margin squeeze, delinquency rising |  |
| 2025-09 | 9 |  | members leaving, margin squeeze, delinquency rising |
| 2025-12 | 8 |  | net worth falling |
| 2026-03 | 8 |  |  |

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

- 2026-03-05 [Kemba Credit Union buys property to open larger branch - The Business Journals](https://news.google.com/rss/articles/CBMiqAFBVV95cUxQSU5FMzlKMk9fRWg3elJkVEtzWlR2TVIxcmpjeHYyOVoxXzBYNHA1R2Nya05TUjJyTjBnOGpLR014NGZSRkw3REJ3VTFSMUNxaE9vSmtsY1dvWFRPWTUwRkMtWWVwZEhCT0lQRGxyX0xqTkJHZlhmTEhKOFBnOUJVUnhMMzA2a1lkSHNBekdqTmpNS0MwQzM2akh4ZUs0Y3lGZ2JIQzE5bW4?oc=5) · The Business Journals
- 2021-10-16 [Ellen HADDIX Obituary (1942 - 2020) - Middletown, OH - Dayton Daily News - legacy.com](https://news.google.com/rss/articles/CBMiiAFBVV95cUxPc1YxX0wteEZCeGNyeUhUYkRwYnFXX01yT1NSeF9fWm1lNERLSWtMX1Jtbk9MYUF2dDY4M082V3owc2Q4SmJRWllhU1hJcUREX1BKYWVOSTZjbkkzaGFNNk5zbGRXeDJTYUo5YWk2SkJBSThBTVlqQU4waHVfZGt6SWIyM1pfLXVL?oc=5) · legacy.com

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=6772 (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/52.json (key "6772", 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=6772
- 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