# CITY OF BOSTON
South Boston, MA · NCUA charter 67841 · asset band $500M-1B · latest filing 2026-03 · live
Share link (named URL with a preview card): https://getbookiq.com/cu/city-of-boston-67841

Who the members are: state charter, organized 1915, low-income designated. 31,228 members of 3,108,912 potential (1.0% of the field); checking penetration 54% (share draft accounts per 100 members); loans per 100 members 41.

**Verdict on the desk:** this could be *stressed*. Composite score 5 of 18 (one point per flag across 17 flags, capital below 7% counted twice).

## What the filing shows

| Measure | Value |
|---|---|
| Total assets | $546.2M |
| Members | 31,228 (-3.3% YoY) |
| Full-time staff | 64 |
| Net worth | $48.9M |
| Net worth ratio | 9.0% (p19 of band) |
| ROA (annualized) | 0.46% (p35 of band) |
| Total delinquency | 1.53% (p95 of band) |
| Net charge-offs (annualized) | 0.36% (p44 of band) |
| Loans / shares | 80% (p49 of band) |
| Cash / assets | 16.4% |
| Borrowings / assets | 5.49% |
| Net interest margin | 3.08% (p25 of band) |
| Operating expense / assets | 3.11% (p25 of band) |
| Vehicles % of loans | 8% (p8 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 32% |
| Third-party paper % of net worth | 31% (p31 of band) |
| Vehicle delinquency | 1.38% (p88 of band) |
| Vehicle NCO | 1.15% (p63 of band) |
| Repossessed % of vehicle book | 0.21% (p81 of band) |
| Real estate % of loans | 77% |
| Credit cards % of loans | 1% |
| Unsecured % of loans | 11% |
| Commercial % of net worth | 20% |
| Core shares % of member funds | 56% |
| Certificates % of member funds | 28% |
| Average share balance | $8,421 |
| Participations bought / yr | $0 |
| Participations sold / yr | $0 |
| Participations outstanding | $9.6M |
| Loans outstanding per 100 members | 41% |
| Loans granted per 100 members, annualized | 3% |
| Average loan balance | $29,561 |
| Loans granted, annualized | $30.6M |

## Participation posture (from the same filings)

Bought $0 and sold $0 in the latest annualized quarter; $9.6M outstanding purchased (19.6% of net worth), $82,175 sold and retained. Sold in 2 and bought in 4 of the last 8 quarters. Shares -3.4% year over year.

## Flags firing in the latest filing

- **thin capital** (`cap_low`)
- **delinquency 2x band** (`aq_dq_high`)
- **delinquency rising** (`aq_dq_rising`)
- **members leaving** (`shrink_members`)
- **leaning on borrowings** (`str_borrowings`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 2 | delinquency 2x band, leaning on borrowings |  |
| 2016-06 | 2 | loans>95% of shares | delinquency 2x band |
| 2016-09 | 2 |  |  |
| 2016-12 | 3 | net worth falling |  |
| 2017-03 | 3 |  |  |
| 2017-06 | 3 |  |  |
| 2017-09 | 3 | delinquency 2x band | net worth falling |
| 2017-12 | 3 |  |  |
| 2018-03 | 3 |  |  |
| 2018-06 | 4 | net worth falling |  |
| 2018-09 | 3 |  | net worth falling |
| 2018-12 | 3 |  |  |
| 2019-03 | 3 |  |  |
| 2019-06 | 3 | net worth falling | loans>95% of shares |
| 2019-09 | 4 | delinquency rising |  |
| 2019-12 | 3 |  | delinquency rising |
| 2020-03 | 3 |  |  |
| 2020-06 | 3 |  |  |
| 2020-09 | 4 | margin squeeze |  |
| 2020-12 | 4 |  |  |
| 2021-03 | 3 |  | leaning on borrowings |
| 2021-06 | 4 | thin capital |  |
| 2021-09 | 4 |  |  |
| 2021-12 | 3 |  | net worth falling |
| 2022-03 | 2 |  | margin squeeze |
| 2022-06 | 2 |  |  |
| 2022-09 | 3 | leaning on borrowings |  |
| 2022-12 | 3 | net worth falling | delinquency 2x band |
| 2023-03 | 4 | losing money, delinquency 2x band | net worth falling |
| 2023-06 | 3 |  | delinquency 2x band |
| 2023-09 | 4 | assets shrinking |  |
| 2023-12 | 5 | delinquency rising |  |
| 2024-03 | 4 |  | delinquency rising |
| 2024-06 | 4 |  |  |
| 2024-09 | 4 |  |  |
| 2024-12 | 5 | delinquency rising |  |
| 2025-03 | 4 | net worth falling | losing money, delinquency rising |
| 2025-06 | 5 | delinquency 2x band, delinquency rising, members leaving | assets shrinking, net worth falling |
| 2025-09 | 5 |  |  |
| 2025-12 | 6 | net worth falling |  |
| 2026-03 | 5 |  | net worth falling |

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

- 2023-04-14 [City of Boston Credit Union Director Neil McGonagle is running the Marathon for Team MR8 - Caught In Southie](https://news.google.com/rss/articles/CBMixAFBVV95cUxNQjlpXzBWWUlpTExJVHFCMk1JUnVtUHQ1bXkzbjNxNmdFNExuN2g5Zmgtb3hNdWVfNGhPUnBTU2Fod0xkeWNaNmpuXy1YY0dCc3JqTnlzY2hiNUJLS2hodjhXYW5WRmhJQW1GNlRzMS1yZUwxZlExYlJQdFYxaEJpaFZLUEZVNi10MmZlUzRvRDVGd3ZJQUlLTTZ5Wm5ETWlkMW5GNk1sbHlrWmRNV1JBQUJUc1FDeGc5RVhOQkZ2enRyX3ll?oc=5) · Caught In Southie
- 2025-07-03 [Boston City Hall payroll glitch leaves employees with delayed paychecks: ‘Major embarrassment’ - Boston Herald](https://news.google.com/rss/articles/CBMizAFBVV95cUxNcF8wYzYtUWduVXg3VDl2YVdkSGFLQjJCNmM5X1Rja2xhWmtRTEYtcU94VVByRzh4N2hxdDFndUN4eWRmRzNEekxicFpKMDljN1dkdjc2TzQteXktWHNpR2JqcFBVOGRMX2RHR3J6SnRpZzdoaHNmNWIySEw4WWxzYkRfZmFIaUo3S0oyb005NDJxS2VqR0FVaUpjQ1ZmLVVrWVNFN2hNMUZUM0x0cXo1MXNrSEZUcEFpSXU5U0ZsTlZ6SUxVcUxXRjhuSUU?oc=5) · Boston Herald
- 2024-09-04 [Helen Theresa (Foley) Fennelly Obituary Sep 4, 2024 - Keohane Funeral Home](https://news.google.com/rss/articles/CBMiXkFVX3lxTE13MDdWeGJDUHNDSGlTZnBVTjExQTdScVRNX2tpQmZNUl96bWQ1UU5Ba1puY0gyNFhRTk56ZW1FeTNQTjdQMm0tSTNRSDR4UnpWZUhBUHRzOW1FeGotRkE?oc=5) · Keohane Funeral Home
- 2022-04-20 [A Conversation with Hinghamite and Actor, Kevin Chapman - Hingham Anchor](https://news.google.com/rss/articles/CBMihAFBVV95cUxPZDlhX1FUSDdfSG9TNXhOcDFhQkhVQ2hQTGNGUXNkc0M1OWpaRzJBSzNfTV9yTEp1MTFOa0JBUWxXSHB6ajl6ajZGc2RqeV9RVV9icmt3SzM1Qk1OWXhPOHhGZnFPNkZnTkJDUGw2SmNVTEJzTWU2aTF0UmpjZ0ZzalI4QlI?oc=5) · Hingham Anchor
- 2022-09-15 [ELAINE ADAMS Obituary (2013) - Dorchester, MA - Boston Globe - legacy.com](https://news.google.com/rss/articles/CBMikAFBVV95cUxNZFJKWnFTdUF6VHRybUcyUHNKQVdFMGZTWFhhcFN4Mjh4bnUxMnZESGdZY1MwODJhN3lDSFQ4VHF0U2RtRGgwTC00Nk10NG84X2NvSUhpN2laaWZDb0dGTkIxMHZtd1ZUQmljOXpGWTFRSGNOU0tmZVZBZWJLU2Y3a1pLZWJia3U2NDdHY0laV0c?oc=5) · legacy.com
- 2024-11-01 [Patricia M. “Patsy” (Craven) Ross Obituary - West Roxbury MA - Gormley Funeral Service - CurrentObituary.com](https://news.google.com/rss/articles/CBMid0FVX3lxTE54bkVLQzlmcG9Sc1JZRFpIY091MWNReU1MYVFhZE83cjluOXVROGhscmhUUlFnbTlZeDZYUG1nMlNJSG8tVDVBeS1rTWNuRnNOUXlWc0lHSl9EV0c1aktsQy1uNW52bXN4SUF5bkRaMmNlRDUwWnZv?oc=5) · CurrentObituary.com
- 2004-01-31 [Obituary information for Frank J. Wilson - Chapman Funerals & Cremations](https://news.google.com/rss/articles/CBMiekFVX3lxTFBWZkZHVzJua3pHbGRVSmpxTjZVSFlEVE9aRVhjcFJJbnRVVkNxNFp1Zk5POEY1bUkwcmtGVVpjX2NBUGJveVdSdTU4QmM0d2d0M2pQRmVVRER3LWt4XzJPS3hNZktHWHFtNDZuRUtpWkY1bGNzNThHODNR?oc=5) · Chapman Funerals & Cremations
- 2019-12-16 [Boston Police Department’s Sgt. Santa - Boston Herald](https://news.google.com/rss/articles/CBMiggFBVV95cUxQbzlsbFZsa2pHUW93ajkzSjZ2cnE1cEhjT3Y2VF9BQ01KMEctVnhKdjNQSzU1bHVqaDI5QWt4dm43RnZrWXZZNGFvZFRSYU1tRUNkYXc0MHljSzVhSVFaVW4zYWNrQTJ5czdXTnZWdkFSb3V0ejBkakk2UEx3eldvbldn?oc=5) · Boston Herald

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=67841 (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 "67841", 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=67841
- 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