# ALPHA
Boston, MA · NCUA charter 67872 · asset band <$50M · latest filing 2026-03 · live
Share link (named URL with a preview card): https://getbookiq.com/cu/alpha-67872

Who the members are: state charter, organized 1942. 3,765 members of 55,000 potential (6.8% of the field); checking penetration 20% (share draft accounts per 100 members); loans per 100 members 36.

**Verdict on the desk:** this could be *quiet fade*. Composite score 1 of 18 (one point per flag across 17 flags, capital below 7% counted twice).

## What the filing shows

| Measure | Value |
|---|---|
| Total assets | $35.1M |
| Members | 3,765 (-3.5% YoY) |
| Full-time staff | 7 |
| Net worth | $6.4M |
| Net worth ratio | 18.3% (p68 of band) |
| ROA (annualized) | 2.11% (p94 of band) |
| Total delinquency | 0.16% (p29 of band) |
| Net charge-offs (annualized) | 0.03% (p54 of band) |
| Loans / shares | 67% (p63 of band) |
| Cash / assets | 43.0% |
| Borrowings / assets | 0.00% |
| Net interest margin | 4.52% (p74 of band) |
| Operating expense / assets | 3.30% (p41 of band) |
| Vehicles % of loans | 46% (p31 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 5% |
| Third-party paper % of net worth | 14% (p91 of band) |
| Vehicle delinquency | 0.24% (p41 of band) |
| Vehicle NCO | 0.11% (p72 of band) |
| Repossessed % of vehicle book | 0.00% (p46 of band) |
| Real estate % of loans | 42% |
| Credit cards % of loans | 0% |
| Unsecured % of loans | 12% |
| Commercial % of net worth | 0% |
| Core shares % of member funds | 93% |
| Certificates % of member funds | 0% |
| Average share balance | $5,234 |
| Participations bought / yr | $0 |
| Participations sold / yr | $0 |
| Participations outstanding | $4.8M |
| Loans outstanding per 100 members | 36% |
| Loans granted per 100 members, annualized | 13% |
| Average loan balance | $13,998 |
| Loans granted, annualized | $6.6M |

## Participation posture (from the same filings)

Bought $0 and sold $0 in the latest annualized quarter; $4.8M outstanding purchased (75.0% of net worth), $0 sold and retained. Sold in 0 and bought in 4 of the last 8 quarters. Shares -1.6% year over year.

## Flags firing in the latest filing

- **members leaving** (`shrink_members`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 0 |  |  |
| 2016-06 | 0 |  |  |
| 2016-09 | 1 | net worth falling |  |
| 2016-12 | 0 |  | net worth falling |
| 2017-03 | 1 | members leaving |  |
| 2017-06 | 2 | net worth falling |  |
| 2017-09 | 0 |  | members leaving, net worth falling |
| 2017-12 | 0 |  |  |
| 2018-03 | 0 |  |  |
| 2018-06 | 2 | net worth falling, delinquency rising |  |
| 2018-09 | 0 |  | net worth falling, delinquency rising |
| 2018-12 | 0 |  |  |
| 2019-03 | 0 |  |  |
| 2019-06 | 0 |  |  |
| 2019-09 | 0 |  |  |
| 2019-12 | 0 |  |  |
| 2020-03 | 0 |  |  |
| 2020-06 | 2 | net worth falling, members leaving |  |
| 2020-09 | 3 | margin squeeze |  |
| 2020-12 | 3 |  |  |
| 2021-03 | 3 |  |  |
| 2021-06 | 1 |  | net worth falling, margin squeeze |
| 2021-09 | 1 |  |  |
| 2021-12 | 2 | delinquency rising |  |
| 2022-03 | 1 |  | delinquency rising |
| 2022-06 | 1 |  |  |
| 2022-09 | 2 | 3rd-party paper>100% NW |  |
| 2022-12 | 2 | assets shrinking | 3rd-party paper>100% NW |
| 2023-03 | 4 | delinquency rising, 3rd-party paper>100% NW |  |
| 2023-06 | 1 |  | members leaving, assets shrinking, 3rd-party paper>100% NW |
| 2023-09 | 2 | assets shrinking |  |
| 2023-12 | 1 |  | delinquency rising |
| 2024-03 | 1 |  |  |
| 2024-06 | 1 |  |  |
| 2024-09 | 2 | delinquency rising |  |
| 2024-12 | 3 | members leaving |  |
| 2025-03 | 3 |  |  |
| 2025-06 | 1 |  | assets shrinking, delinquency rising |
| 2025-09 | 1 |  |  |
| 2025-12 | 1 |  |  |
| 2026-03 | 1 |  |  |

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

- 2026-04-15 [Why Are Federal Regulators Trying To Take Away This Credit Union? - Next City](https://news.google.com/rss/articles/CBMioAFBVV95cUxPdV9yeU1NUnFjU3VEb1hCYlJJMXJBektoVTZOUVppYXVCVzBCV05fbTJvUXNlTTdyMjBKc0tzWFZ6eWI4UkczUTh5SDRjMGpDREU2N0FEVEFhOHNXMmVxT1pYZkpuMTFkcC0xQ3BCOGluN2QtSXJuekdDbEItZnpsb3hDOXd1RGFoa3NvQVM0aTlsSG1uVGFYVjM0MnVIZWYt?oc=5) · Next City
- 2023-08-13 [Alpha Kappa Alpha Sorority opens new credit union - The Houston Defender](https://news.google.com/rss/articles/CBMinAFBVV95cUxQVmtkYUdTUWhXbWUyZmRFbVNSOExHQU5VbGN1UzdhT0FuSzI1TVpMb0FWcGVxcF8xVHlpaTM3N1hTWjZGdHk2cjRKOU83U2ozV0Ryd0xnbGFTRmRNbERiNmdnSjExcDRPZWtxUVVXTV9xSjBDYzFMY2lGQkJBNjV4NDFkeW5UMFZ6d21RM3JaUDIzWlJwcUlOZzVnZks?oc=5) · The Houston Defender
- 2023-02-14 [AKAs Launch Credit Union for its Membership - The Washington Informer](https://news.google.com/rss/articles/CBMihgFBVV95cUxNR2w0SzlScnlaWGpmUGdfM1I3ODNKd1V0ajhLakhlTi05clJueTdfa3FiaGZNaG9uazlreUJ5c3lJamZlUlZLWWl4V3U5R2ZRdzVOLTNyS2hlb3dpeUplMzkxM3F6UF93RElXTHd5eWk1TzhubXI3ZGU0X281VEFHX3dkU09vZw?oc=5) · The Washington Informer
- 2026-05-13 [$1.05M Alpha Baking Co. data breach class action settlement - Top Class Actions](https://news.google.com/rss/articles/CBMiywFBVV95cUxQZ3pualJrSFJTVDRwTko2OW0tVUVjSGh2NmlHWnBjUlJXaGx6UDRKV010UkQ1NE54V3I3NEtMZGs0UXNnTHF6R254elVYdHdPTVhibWJneDRWR3RmUnlta3gxWWdQLUF4ZW5wM3NEcXVCR1lEMUFWOE1KMTVndU5aZGVnY0pGVFBNTE5QS0FPQ2o1Nm4zdFB2LWJLcHcydlBYZ05XYWhEdkNxc2RuUkY2WXhJdWQyUzBPR0FST0d6cnBJdVByVDZCcUp3aw?oc=5) · Top Class Actions
- 2025-10-28 [Darlene Rolfs Obituary (2025) - Milton, MA - Alfred D. Thomas Funeral Home - legacy.com](https://news.google.com/rss/articles/CBMiggFBVV95cUxNWUJTeWhlMjFFZ01vU3lIRmhUTGl2c2FoRFFEbDNoRnRGY2NEYW16UktiNGV1eXA3RFEyT0hlLUoybHFCSGREMHFQZ2w5WEQ2QU9UWWhqRDVfY0J0eTE0WmVndzgzc2llR21iM1htN3hwVFoxbVEyQUxYM3BHNWRIR1ZR?oc=5) · legacy.com
- 2020-04-05 [2020 Best & Brightest: Cassandra Raffi, Massachusetts-Amherst (Isenberg) - Poets&Quants for Undergrads](https://news.google.com/rss/articles/CBMitwFBVV95cUxQWXl2aXl0cjBQcjRkTWlYQjF2bzRWVWVlbnZQRTVWZlRsYV9UMklpZzlNZWQ2al83SWFnQ1JrcXl0bVJnM1BlNW14WHRmeXNBZ0FYUENHSkZtY3BjV3ZyTGg0RVBiMVVvZVI3b3pzY0RTcDRWSkVxNEoyY21HQWItZTlBQWt0Ny1UQjYySk92YU41WXNDMEpMVEtZdGRhSHgxbEJUN3p4TXdtYlhwWjFGZ05fMGhzWkk?oc=5) · Poets&amp;Quants for Undergrads
- 2021-03-03 [Helene Rapaport Obituary - Canton, MA - Dignity Memorial](https://news.google.com/rss/articles/CBMigwFBVV95cUxNU1B3eW4xazNPTmVrLVB3RGRFWDQyb1Ywa05SWVU0dUltd2tJZzVrV3g3bkR0Nzg4WVQ4dTZmd3h5LVU4a1RVTW9UMS1MU3dsY0tYWVhITXFsVldVV0pmeE9QTExzdVlUZENaZDdfVzBYUnpqQWJzcmhuaEpsNTNIZUJFbw?oc=5) · Dignity Memorial
- 2025-04-09 [READY, HUNGRY FOR MORE: ALPHA WOLF REFLECT ON AN ERA OF EVOLUTION - Knotfest](https://news.google.com/rss/articles/CBMiqgFBVV95cUxQalJNd0xLbk5teDhlVERuZWloRDdVQkloY0Q5c0NId1FpLTN0ZnJRZkdTRTFsVW5YaEk5V3ZCZ1pTejFrN2VHODhNNFdGZHBFSXBzS1BwUFlxX2hsWUY1cFp2bHByS0pDTldmMmdnQ0tYYlZpT3h2X29pWnZDZG1FSUUtLV9MMk9JOUdRWU42MGN1RmhzYzF4STE4a01OYzlZT2Y1NVZTcHhRdw?oc=5) · Knotfest

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=67872 (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/32.json (key "67872", 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=67872
- 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