# CABOT BOSTON
boston, MA · NCUA charter 67891 · asset band <$50M · latest filing 2024-12 · stopped filing after 2024-12 (departed; for a credit union that is almost always a merger)
Share link (named URL with a preview card): https://getbookiq.com/cu/cabot-boston-67891

Who the members are: state charter, organized 1941. 647 members of 1,000 potential (64.7% of the field); checking penetration 9% (share draft accounts per 100 members); loans per 100 members 26.

**Verdict on the desk:** this could be *too clean*. 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 | $4.9M |
| Members | 647 (-9.0% YoY) |
| Full-time staff | 2 |
| Net worth | $868,590 |
| Net worth ratio | 17.9% (p68 of band) |
| ROA (annualized) | -3.48% (p2 of band) |
| Total delinquency | 0.16% (p26 of band) |
| Net charge-offs (annualized) | 1.02% (p85 of band) |
| Loans / shares | 68% (p58 of band) |
| Cash / assets | 38.1% |
| Borrowings / assets | 0.00% |
| Net interest margin | 4.54% (p73 of band) |
| Operating expense / assets | 7.76% (p96 of band) |
| Vehicles % of loans | 58% (p46 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 0% |
| Third-party paper % of net worth | 0% (p43 of band) |
| Vehicle delinquency | 0.27% (p40 of band) |
| Vehicle NCO | 0.00% (p22 of band) |
| Repossessed % of vehicle book | 0.00% (p45 of band) |
| Real estate % of loans | 29% |
| Credit cards % of loans | 0% |
| Unsecured % of loans | 11% |
| Commercial % of net worth | 0% |
| Core shares % of member funds | 98% |
| Certificates % of member funds | 0% |
| Average share balance | $4,987 |
| Participations bought / yr | $0 |
| Participations sold / yr | $0 |
| Participations outstanding | – |
| Loans outstanding per 100 members | 26% |
| Loans granted per 100 members, annualized | 6% |
| Average loan balance | $15,631 |
| Loans granted, annualized | $549,244 |

## Flags firing in the latest filing

- **losing money** (`earn_negative`)
- **expense trap** (`earn_opex`)
- **assets shrinking** (`shrink_assets`)
- **members leaving** (`shrink_members`)
- **loan book shrinking** (`shrink_loans`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 0 |  |  |
| 2016-06 | 1 | losing money |  |
| 2016-09 | 2 | net worth falling |  |
| 2016-12 | 2 |  |  |
| 2017-03 | 2 |  |  |
| 2017-06 | 1 |  | net worth falling |
| 2017-09 | 1 |  |  |
| 2017-12 | 1 |  |  |
| 2018-03 | 0 |  | losing money |
| 2018-06 | 1 | delinquency rising |  |
| 2018-09 | 0 |  | delinquency rising |
| 2018-12 | 1 | delinquency rising |  |
| 2019-03 | 2 | auto monoline |  |
| 2019-06 | 1 |  | delinquency rising |
| 2019-09 | 1 |  |  |
| 2019-12 | 1 |  |  |
| 2020-03 | 5 | losing money, delinquency rising, members leaving, loan book shrinking |  |
| 2020-06 | 3 |  | members leaving, loan book shrinking |
| 2020-09 | 6 | net worth falling, members leaving, loan book shrinking |  |
| 2020-12 | 4 |  | delinquency rising, members leaving |
| 2021-03 | 5 | margin squeeze |  |
| 2021-06 | 4 | members leaving | net worth falling, loan book shrinking |
| 2021-09 | 4 | assets shrinking | losing money |
| 2021-12 | 3 | losing money | auto monoline, assets shrinking |
| 2022-03 | 6 | net worth falling, delinquency rising, auto monoline |  |
| 2022-06 | 3 |  | margin squeeze, delinquency rising, auto monoline |
| 2022-09 | 2 |  | net worth falling |
| 2022-12 | 3 | assets shrinking |  |
| 2023-03 | 3 |  |  |
| 2023-06 | 2 |  | losing money |
| 2023-09 | 2 |  |  |
| 2023-12 | 4 | losing money, delinquency rising |  |
| 2024-03 | 4 | charge-offs p90 | delinquency rising |
| 2024-06 | 5 | delinquency rising, loan book shrinking | charge-offs p90 |
| 2024-09 | 6 | auto monoline |  |
| 2024-12 | 5 | expense trap | delinquency rising, auto monoline |

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

- 2024-12-03 [Merrimack Valley Credit Union and Cabot Boston Credit Union members approve proposed merger - CUInsight](https://news.google.com/rss/articles/CBMizAFBVV95cUxPVEViMHlXeHVMS1pmYncyNnd3ZkhkZW9ncFN5Y0JKQWNKRTRmTWdZZTdWX25pTGx2REc3N0JpNmVqaVVsdDJRZ1lKcEZ5ME1id2RucEpHYWJ2TXRPb1V4NXU0a05ULXpOWXhkaGpSMldXdU42RzFQTm1qbFk1anoxeHdESFdfTk5yQVc2R0swaGVpZ1hwNU15TmQ5Q3lGeTlKZG9JQnJ3ZUtjYV8zSnB2MHBzZmxmeDBDaWxQQlJ1SXRSdm1pN2xULTB0Q0U?oc=5) · CUInsight
- 2024-12-03 [Merrimack Valley Credit Union approves latest merger - The Business Journals](https://news.google.com/rss/articles/CBMipgFBVV95cUxNZXREVlRjZDJ4bjZOVDl3Wkcxam0yR1QtVldNVVdiYmw2WXl2MXNrOVRKeXZCMzVLY21wb0ZvVDF4c0ctOVd5RHE0UzVCRml0c3o0bG1ZWkJWMU0zRmNsVENRZlJKN0g1SXdQTkdONndtNWlqTGx3clNneG1yTjRjZW5VTDhCUlU5dDhJNktBU21PN3d0MzRRTUkxT3BoWDNjWEM0a193?oc=5) · The Business Journals
- 2023-09-20 [Merrimack Valley Credit Union Team Builds Children’s Beds For Lynn-Based A Bed for Every Child - WHAV](https://news.google.com/rss/articles/CBMivwFBVV95cUxQc1pGM25OUXU4QlM4Q1pDOW94cmUzNGVOME5lYncwZzZPZ0RTQkxVVnd5aWdtd0paUWlaSlcwNW9TMHR6WGZNeFVJRUtEWlJTTWFpaEh1T1kxOVFsTGhFTUZ3MDVBR2E0RWo4aDA3bl85MzZRc2FHcUJKdWMxUDg3MnlheTc1eFFzS1dEalpTS3RLTTZ1c2l5S0ItTnpDTUVHc2NfQVFGbkJfb3JlS2l0OFVtVXNheFFJTE40THRqaw?oc=5) · WHAV
- 2025-07-16 [BrightBridge Credit Union plans to expand westward with merger - The Business Journals](https://news.google.com/rss/articles/CBMilwFBVV95cUxQUmdwaV95dHItb1JUeV9mU3ZCQ2M3aWJlMHRyR0I3eWZsamdIcDduYVlrLTlTcTZtZW5JLWpKSE5MSU5iZ0pqYW1ISlRkTjBGZEFzUDFGaVgzdHhRV1h2dFBGSEo2Yy1meTM3eXN4THBsVkxBNnA5UnVPVlpKbWZiQmVuM3JYWS1xQWlnUHk5NGVtX0dMcVRN?oc=5) · The Business Journals
- 2024-09-23 [Merrimack Valley Credit Union unveils new name - The Business Journals](https://news.google.com/rss/articles/CBMipAFBVV95cUxNQjJhM0N2VE1jZFRLTzV3ckVPZWg1eHNZLVZ6Vl9TOHF3bVAyWFE0c0NEZXhkRzhSaGdZX2xIVFNBTFpWRWhUQ0xkVENUdncwSkN0V2hXc0hqel9xQ2xrU3AyOHhfUURDUG1EUzZHc2NPdWV6cDBGUlBIVkV6UDRsOTljYmsxQmFrdVMwbnpBVUNHX1QyenJ4cGtKUUxwR2hKUUZiNg?oc=5) · The Business Journals
- 2025-03-26 [Merrimack Valley Credit Union adopts new name, following string of mergers - The Business Journals](https://news.google.com/rss/articles/CBMiqgFBVV95cUxPeW94OWc4NGtzNzZoVlV3VzdHcHYySm5MNVk1bHR1R0lsOTJXVnhMZDBvbXhULTdVOXZiRjVHWVlONWtIeVpJY3FQZUxQU1FOdjBBc25RWXBCTEVONDR5RGlKS2hKZkc0c09JVHdEcnIwaEp5MDVneGJVeWVhTmV4TGp5VG5vMkcwT2hkdjVmMGlVcm1ER1NaazRUZjlySldUQ3I3NjJ5NkNJQQ?oc=5) · The Business Journals
- 2025-12-02 [Two Mass. credit unions clear major hurdle in planned merger - The Business Journals](https://news.google.com/rss/articles/CBMiqAFBVV95cUxOdkRlNElSRGhBcjY4TWdDbEVOT0V1dFlQclJSZ1lVRlpIa0N5azFSOW9WbGwzT2VRYy1vVUxtcnRxWkNKTmljZHYyQWRtRm9SQ2V3QVU2UlFoWjcyRDgtcW9wSmRGdVR2OVdQNGxNWlJFLTFybEhkR2Z0UGpvb3cwY1ZoMlV2NUxKaVNET2xTMFM3TjdQVlZNSTBFVlRveFV0VlFVYVM5Ri0?oc=5) · The Business Journals
- 2024-12-31 [These Mass. bank mergers, acquisitions made headlines in 2024 - The Business Journals](https://news.google.com/rss/articles/CBMilgFBVV95cUxOYUlEb1F2cTliRUc1amEzQ051M0N0SXY4U1BrdzVCV0VwQ1pSRlZWU1I1V05LNllmZ0ZkcVJNNG1FQ3g0MkVzeFBIYi1ZZEt4V2J4a0lEX2M0M1BLU212bUp2eWl0MFZoaTlxN0NLZ1VsMjR3cmlXSWVQeFBjV2h0cUZidGdrYm5kNTFnZjVFRDBMaEh0S2c?oc=5) · The Business Journals

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=67891 (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/51.json (key "67891", 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=67891
- 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