# ST. MARY'S
MARLBOROUGH, MA · NCUA charter 67864 · asset band $1-10B · latest filing 2026-03 · live
Share link (named URL with a preview card): https://getbookiq.com/cu/st-mary-s-67864

Who the members are: state charter, organized 1913. 56,730 members of 3,312,183 potential (1.7% of the field); checking penetration 40% (share draft accounts per 100 members); loans per 100 members 37.

**Verdict on the desk:** this could be *indirect buyer*. 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 | $1.04B |
| Members | 56,730 (1.6% YoY) |
| Full-time staff | 126 |
| Net worth | $119.1M |
| Net worth ratio | 11.4% (p64 of band) |
| ROA (annualized) | 0.19% (p9 of band) |
| Total delinquency | 0.07% (p1 of band) |
| Net charge-offs (annualized) | 0.09% (p5 of band) |
| Loans / shares | 88% (p56 of band) |
| Cash / assets | 4.1% |
| Borrowings / assets | 8.25% |
| Net interest margin | 2.59% (p12 of band) |
| Operating expense / assets | 2.77% (p27 of band) |
| Vehicles % of loans | 30% (p59 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 91% |
| Third-party paper % of net worth | 173% (p60 of band) |
| Vehicle delinquency | 0.15% (p6 of band) |
| Vehicle NCO | 0.47% (p15 of band) |
| Repossessed % of vehicle book | 0.08% (p52 of band) |
| Real estate % of loans | 57% |
| Credit cards % of loans | 0% |
| Unsecured % of loans | 2% |
| Commercial % of net worth | 66% |
| Core shares % of member funds | 52% |
| Certificates % of member funds | 33% |
| Average share balance | $11,599 |
| Participations bought / yr | $24.0M |
| Participations sold / yr | $0 |
| Participations outstanding | $11.9M |
| Loans outstanding per 100 members | 37% |
| Loans granted per 100 members, annualized | 6% |
| Average loan balance | $36,651 |
| Loans granted, annualized | $177.7M |

## Participation posture (from the same filings)

Bought $24.0M and sold $0 in the latest annualized quarter; $11.9M outstanding purchased (10.0% of net worth), $3.3M sold and retained. Sold in 0 and bought in 4 of the last 8 quarters. Shares 3.5% year over year.

## Flags firing in the latest filing

- **net worth falling** (`cap_falling`)
- **leaning on borrowings** (`str_borrowings`)
- **3rd-party paper>100% NW** (`str_thirdparty`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 3 | loans>95% of shares, leaning on borrowings, 3rd-party paper>100% NW |  |
| 2016-06 | 3 |  |  |
| 2016-09 | 3 |  |  |
| 2016-12 | 3 |  |  |
| 2017-03 | 3 |  |  |
| 2017-06 | 3 |  |  |
| 2017-09 | 3 |  |  |
| 2017-12 | 3 |  |  |
| 2018-03 | 4 | delinquency rising |  |
| 2018-06 | 4 |  |  |
| 2018-09 | 3 |  | delinquency rising |
| 2018-12 | 3 |  |  |
| 2019-03 | 3 |  |  |
| 2019-06 | 3 |  |  |
| 2019-09 | 3 |  |  |
| 2019-12 | 3 |  |  |
| 2020-03 | 4 | members leaving |  |
| 2020-06 | 4 | net worth falling | members leaving |
| 2020-09 | 4 | members leaving | net worth falling |
| 2020-12 | 3 |  | loans>95% of shares |
| 2021-03 | 4 | delinquency rising |  |
| 2021-06 | 3 |  | delinquency rising |
| 2021-09 | 3 |  |  |
| 2021-12 | 1 |  | leaning on borrowings, members leaving |
| 2022-03 | 1 |  |  |
| 2022-06 | 1 |  |  |
| 2022-09 | 3 | delinquency rising, leaning on borrowings |  |
| 2022-12 | 3 |  |  |
| 2023-03 | 2 |  | delinquency rising |
| 2023-06 | 3 | delinquency rising |  |
| 2023-09 | 2 |  | delinquency rising |
| 2023-12 | 2 |  |  |
| 2024-03 | 3 | assets shrinking |  |
| 2024-06 | 2 |  | assets shrinking |
| 2024-09 | 3 | loans>95% of shares |  |
| 2024-12 | 2 |  | loans>95% of shares |
| 2025-03 | 2 |  |  |
| 2025-06 | 2 |  |  |
| 2025-09 | 2 |  |  |
| 2025-12 | 2 |  |  |
| 2026-03 | 3 | net worth falling |  |

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

- 2026-08-22 [Credit union understands banking is about relationships | opinion - MetroWest Daily News](https://news.google.com/rss/articles/CBMi8AFBVV95cUxNTjZtRUN0Sk5fV0I4d1dUa25LbWJkMW9SQW84MnQxOW5NT3V4aXJHS1o0dkNHeGVCM19ZVFVqZ1dSQlVmNmk5dHZWNkVzOFNIeHJBejBFRGx4dHlDcFhJUERicnBZVkptRzFEc0lrcHp0ZlRZR1lhaFdFd0dDZGtTOHB3WTRUZGxVZnZzMkQtVkNUQUdYSmxBS2xScUdGM1BSdFlmWU5yZUk5QkhtVTdSamtJclkxSENKVFdRSU1wOHNNSzd6MkpRVWVGbW1QZ0RFdC1yaFRWQ1VxQjdFN0dIU0NkRE5XWk5fOHRKanRzTG0?oc=5) · MetroWest Daily News
- 2026-07-02 [St. Mary’s Credit Union completes merger with Framingham firm - Worcester Business Journal](https://news.google.com/rss/articles/CBMilAFBVV95cUxNMVE4Q0c4c3l3VldDUkxBa3BpQXZ2Smo0UWZxcFMxam9aWXlMNDdGUnhWWEtvSkIxV180NGVQMkE4MXJkUmpkT3NMbUk5Mi1BaFdRcnNoS3Jvc2NGX2RuVzdZQmFFWTBOb2tRNmNMZGVfUU1rQkJqVm0zcTBhaEhJZy10OElROWJ4VjhVOU8wSkRDa3I0?oc=5) · Worcester Business Journal
- 2026-05-13 [Credit union CEO leaving less than a year after high-profile hire - The Business Journals](https://news.google.com/rss/articles/CBMingFBVV95cUxPTFBaWFI5ZEY2dDdUUnNwX2tObm9EdFZZV2RWV0R1T3JKcXJmTTB1amY3ZFdzSldPTTBWSzdaYW01Z09jRmNEOXhOZldoRmNWV0JBWTRuRUlxcjFsdFVGa0RxaUVPSTVEY3lEX0M2Tmx2Uk1ETVdOblIzUGNZRmxSOHhQRjVsT3VqTUtHSHdIbTVoOEF0RWhXenMyTGJoUQ?oc=5) · The Business Journals
- 2026-07-15 [St. Mary’s Credit Union completes merger with MetroWest. What's next - MetroWest Daily News](https://news.google.com/rss/articles/CBMi_wFBVV95cUxOS3lnZTNFZ1JXMkRfOGk0YWppUW1UQnhTTUNtWERCX0V0VGNNMHVJeUtoVWZ2R0QzSnh0emRyeXI3Q0pwNmVWZm9acVNvUGRCenRHME12ZDRLd1R5aW1ZbVM2d1hqM2pDamlwVi1wRjNjU1JYbjNZc1NSaHhhVnpGcU0wa0pDcmRGVy1BWDJEWG5ZYVJvUlVLTFZfRHh0Y3dlNVA2a2dGSjVYLW1BaUl3S0FVdXhZVHBpMWRFSXZYOGVqaWVNUjFwb0FpWUJ2Q0E4NU45cnBFcjhuenRjNEVuX0p1a2phdDR6bHhJelNiU2VFazdfN1N1U056czl4aE0?oc=5) · MetroWest Daily News
- 2026-07-14 [St. Mary's Bank Named SBA Credit Union Of The Year, Supporting New Hampshire Small Businesses - Patch](https://news.google.com/rss/articles/CBMiugFBVV95cUxPTWNfTFVHZ1d0ZzVoRm1LU202TXg5eXEyb2lmQXJ0RF9sTzM5TlJRWHFWMXJKTE9yaWphWGhrZ0MzanpnWXhTTnQ3QU1zQ3p5Q1UzTlJ6OGotUHgyQkZXOGVCWUJiMkg5QmZKQ2tOTHFna1FuSDZCMW1zYUwxSkhKbzNDOHBWLU9LRTVnWUd5YU5OYzhYUkNNLXFBbEVyZFFDVUF2U0FfLUp1LU1zSk40cHFuM2t0ZWlldmc?oc=5) · Patch
- 2026-01-31 [As it grows in Mass., M&T Bank names new president here - The Boston Globe](https://news.google.com/rss/articles/CBMihwFBVV95cUxQM0hyRlpvWnhSWk1aX0kyakF1ejJTc2FheWpoLU80TDJGQlFULXVmMHd0WVI2a2lKOU1IZW1ZYzRYWm50WmhLY19MbXN5LTBBYTNfVnN1RWM1cDl3R0lZMXk0Qk5fdjh6cWY2OWJtTVA5ZTdBVkY0UnJiTVJSaHZxVTFGcGFjRDg?oc=5) · The Boston Globe
- 2025-09-04 [St. Mary’s Credit Union taps Lee as new CEO - communityadvocate.com](https://news.google.com/rss/articles/CBMi0AFBVV95cUxNbGJ2MW9OZDhrODQtQndlVGpEbVlyeWU1Mldsd1NkbVh5RHluUXRzN1lvSTdiUjROU1ZHRGhIU0RvUEpzREhiSWFPT18yRDl1WmZXU1BQZlhaNXNWLVdteGRmS3ZpRE5hSm9ucU5kajljeTRPQmRPZk1QUDQ5MEpWdXdlMlpBaDhTM1JsMjZPX0FndU9RRHJxdEw3alZqUG1Ja20xOW5CdVhxN3VuN0NScXNUZTVWVTVGM0JyN0FEak9pX3Q0M2thcHpUa0RSTWxX?oc=5) · communityadvocate.com
- 2024-07-01 [Jeanne D’Arc Credit Union selects Larissa Thurston as Chief Executive Officer - CUInsight](https://news.google.com/rss/articles/CBMiuAFBVV95cUxPaGd1Vjg0LWJjeE1oTkZ2TERmbWZXbVo2WEx6a3M1VFByaG1MMmhLNmNLUHBieVZqSEtGQlZaSFlWcng4QlUyNHR5azF5OVhoR1kyV2sxdXdPcjlfRndQTW41ZFNWWXVWTlB3aXZzWEphZkZTVlVvTVlZWFFYdXlDLXlDeEhyS19OUzZocldiS1UwMjk1Uk1MVExTZUNMRU9oeXFHcl9uSkRJQ3N4RkxVbkpYQzZ2cDVi?oc=5) · CUInsight

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=67864 (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/24.json (key "67864", 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=67864
- 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