# FALL RIVER MUNICIPAL
Fall River, MA · NCUA charter 67894 · asset band $200-500M · latest filing 2026-03 · live
Share link (named URL with a preview card): https://getbookiq.com/cu/fall-river-municipal-67894

Who the members are: state charter, organized 1930, low-income designated. 13,082 members of 600,000 potential (2.2% of the field); checking penetration 44% (share draft accounts per 100 members); loans per 100 members 50.

**Verdict on the desk:** this could be *participation buyer*. Composite score 2 of 18 (one point per flag across 17 flags, capital below 7% counted twice).

## What the filing shows

| Measure | Value |
|---|---|
| Total assets | $315.1M |
| Members | 13,082 (-1.9% YoY) |
| Full-time staff | 45 |
| Net worth | $29.7M |
| Net worth ratio | 9.4% (p21 of band) |
| ROA (annualized) | 0.02% (p8 of band) |
| Total delinquency | 0.23% (p14 of band) |
| Net charge-offs (annualized) | 0.09% (p13 of band) |
| Loans / shares | 80% (p64 of band) |
| Cash / assets | 6.1% |
| Borrowings / assets | 16.88% |
| Net interest margin | 1.94% (p1 of band) |
| Operating expense / assets | 2.14% (p5 of band) |
| Vehicles % of loans | 13% (p11 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 8% |
| Third-party paper % of net worth | 280% (p91 of band) |
| Vehicle delinquency | 0.72% (p62 of band) |
| Vehicle NCO | 0.34% (p30 of band) |
| Repossessed % of vehicle book | 0.00% (p25 of band) |
| Real estate % of loans | 51% |
| Credit cards % of loans | 0% |
| Unsecured % of loans | 2% |
| Commercial % of net worth | 6% |
| Core shares % of member funds | 49% |
| Certificates % of member funds | 42% |
| Average share balance | $9,722 |
| Participations bought / yr | $19.5M |
| Participations sold / yr | $0 |
| Participations outstanding | $29.7M |
| Loans outstanding per 100 members | 50% |
| Loans granted per 100 members, annualized | 7% |
| Average loan balance | $29,096 |
| Loans granted, annualized | $31.1M |

## Participation posture (from the same filings)

Bought $19.5M and sold $0 in the latest annualized quarter; $29.7M outstanding purchased (99.8% of net worth), $0 sold and retained. Sold in 0 and bought in 3 of the last 8 quarters. Shares 5.3% year over year.

## Flags firing in the latest filing

- **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 | 1 | leaning on borrowings |  |
| 2016-06 | 1 |  |  |
| 2016-09 | 1 |  |  |
| 2016-12 | 1 |  |  |
| 2017-03 | 2 | net worth falling |  |
| 2017-06 | 3 | members leaving |  |
| 2017-09 | 1 |  | net worth falling, members leaving |
| 2017-12 | 2 | members leaving |  |
| 2018-03 | 3 | delinquency rising |  |
| 2018-06 | 1 |  | members leaving, delinquency rising |
| 2018-09 | 1 |  |  |
| 2018-12 | 2 | members leaving |  |
| 2019-03 | 2 |  |  |
| 2019-06 | 2 |  |  |
| 2019-09 | 2 |  |  |
| 2019-12 | 1 |  | members leaving |
| 2020-03 | 2 | members leaving |  |
| 2020-06 | 3 | net worth falling |  |
| 2020-09 | 3 | margin squeeze | members leaving |
| 2020-12 | 4 | members leaving |  |
| 2021-03 | 4 | loan book shrinking | members leaving |
| 2021-06 | 4 |  |  |
| 2021-09 | 4 |  |  |
| 2021-12 | 3 |  | margin squeeze |
| 2022-03 | 4 | losing money, delinquency rising | loan book shrinking |
| 2022-06 | 2 |  | net worth falling, delinquency rising |
| 2022-09 | 4 | delinquency rising, assets shrinking |  |
| 2022-12 | 2 |  | losing money, delinquency rising |
| 2023-03 | 2 |  |  |
| 2023-06 | 3 | net worth falling, delinquency rising | assets shrinking |
| 2023-09 | 5 | losing money, members leaving |  |
| 2023-12 | 4 | 3rd-party paper>100% NW | losing money, members leaving |
| 2024-03 | 3 |  | delinquency rising |
| 2024-06 | 3 | delinquency rising | net worth falling |
| 2024-09 | 2 |  | delinquency rising |
| 2024-12 | 4 | net worth falling, delinquency rising |  |
| 2025-03 | 4 | losing money | delinquency rising |
| 2025-06 | 2 |  | net worth falling, losing money |
| 2025-09 | 2 |  |  |
| 2025-12 | 3 | net worth falling |  |
| 2026-03 | 2 |  | net worth falling |

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

- 2019-05-02 [Fall River Municipal Credit Union leading way in financial literacy - Fall River Herald News](https://news.google.com/rss/articles/CBMinwFBVV95cUxQb1J0VUxfYmVkQmwyZDdOT1cxakhKdG5pQlZSZ0ViZXZ3bUR0anhVR01YcVhvMHdXVFRxSzFBS2tXVTJtWnpOMmtqc2Z4U21tQ0VJRGtYdGJ0REFUSWFWSUpaNTBSLUUtTGNlYzAxR0psM3Q2UXdhLWhlQUtMODk2eXZMdDQ3dU4tVHZ4QURlN09SMHBFdVBkNTFSNGZPOVU?oc=5) · Fall River Herald News
- 2019-01-30 [Fall River Police: Would-Be Bank Robber Gets Cold Feet, Rips Up Note - WGBH](https://news.google.com/rss/articles/CBMirgFBVV95cUxQRUxRUWNRWE1Md1YyNHRQeDZMald2dWdWaWVfYjJ2UV9MTGIzZ2R5bHJNa1UzM05DM29ab3dIMkdvS2VqcmwwUjB2UWRfVC1NMlRkcG9IbDNYdG5YVkQ2cDZ0WUVIT3dCcG91RUhycWZacXcyOWhrcjBrbkxwb21YWDN1cmhVYi0wQXdvdi14NE5tRlQ1akt1UHZHNThjSUJ2alpNZHNTTFBPRFdBREE?oc=5) · WGBH
- 2019-10-25 [Raymond A. Mcgough, Frpd, Retired Obituary Oct 25, 2019 - Auclair Funeral Home and Cremation Service](https://news.google.com/rss/articles/CBMifEFVX3lxTE8wdVM5Y3ROV2U1V3ZxbjhaQVRIV0NsM0QzbEdHVk85MWdLUERVWjloRHNxWHV4T0dNeG9oRkJEWkxrWDhPZG54XzBNVmpxcW1aTHY3cXZpM0FVTVNncVQ2M0gzU25YemFnaGE5M3E3by1kZTNfWjNjYlJSdHA?oc=5) · Auclair Funeral Home and Cremation Service
- 2015-06-09 [Apponequet’s Matt Michael and Kaleigh Swainamer among the winners - SouthCoastToday.com](https://news.google.com/rss/articles/CBMitwFBVV95cUxOM3ZlNWJDV2V4YUNKMVQ1YmRrZ1hXZ1BGRVcyRHVKbDIyakdORndHRV9FUHFPRVcwZkNxc1U4MEQ5a0dQQkhyS1lHejMyckVzLW85ell1LWEwNDltWUZqWEl3aEdHX1ZHZ0dkUXNlY0xjZEczRWJUeVo3OFZHUDBkOW9mc3dWMUFRVjFCd1NwUl9oRi1GdWZpeTVhbVVnQzJDYi1nS2VBeE9pVUpua3ZDdlktZXBJV1k?oc=5) · SouthCoastToday.com
- 2022-12-29 [Obituary | Nero Farias of Fall River, Massachusetts - Manuel Rogers Funeral Home](https://news.google.com/rss/articles/CBMiX0FVX3lxTE1mVWpsZzNSX0RHNE1ENFAzNUxQTUI1SFRkTWpHZlhiRDlmQzYzUFJzSzBoWXFaQ0ZqX2I5dk9reE0tcFU1QzBtck1JX1dCY2NkRDFqSEhMR0VYdkZPN3VB?oc=5) · Manuel Rogers Funeral Home
- 2019-11-22 [Mayor-elect Paul Coogan announces transition team - Fall River Reporter](https://news.google.com/rss/articles/CBMiigFBVV95cUxPMldWSHpzS3pVbVNOZURURzhTaTY2NjZhNmFKNjY0aERfSWd5RUJDOFR1cnpKc3V4VGlPX0xFcHUxOG1QQ1lGeUFxb3NxZXRNNXEzWnY0b1VqUmJJTUp5eTFnYUV5cFBYNkxRZ1JkVkJDM0kzMk56SjY0bXhhYzNmZFVuRi05M0g3QmfSAYoBQVVfeXFMTzJXVkh6c0t6VW1TTmVEVEc4U2k2NjY2YTZhSjY2NGhEX0lneUVCQzhUdXJ6SnN1eFRpT19MRXB1MThtUENZRnlBcW9zcWV0TTVxM1p2NG9ValJiSU1KeXkxZ2FFeXBQWDZMUWdSZFZCQzNJMzJOeko2NG14YWMzZmRVbkYtOTNIN0Jn?oc=5) · Fall River Reporter
- 2020-12-19 [Edward Walsh Obituary - Fall River, MA - Dignity Memorial](https://news.google.com/rss/articles/CBMigwFBVV95cUxPcmt4d3hDX2FyVnA4RFhtbEZQTEEwSmdKcHM4Q18wNDFPS0dDNVc0RFJvUzgwMjluYUJTUTdWM0Nta20yUkRnUENnbFpmcjR4UVp4Y2ZnYVppT0RZUzFZVFJGU2hXNWZnQVgxU1BVRFU3TkRTa2pSNk1OTVVKeUY3aFZZTQ?oc=5) · Dignity Memorial
- 2018-11-27 [Southern Mass Credit Union announces new senior management team - Fall River Herald News](https://news.google.com/rss/articles/CBMisAFBVV95cUxOemcyZmFyY09LWV93djZaeDFLRkRhUEY3d191TjNuT0NFRXJPMXRVZl9hWnNWclpoVkx6STBvS1ZlbmUycUFubzBYU2RUT3hKTWZJQWQ2OC1UOWVpeXExdHhtYjBQMlVadzQ3RF9HTVpQZ0UxaFZieURuS2R2Yk1IbnZ1d0l0ZVNqWTBtWVpjWHZTOHNHc0FqSnA2T1l6Z2N2Tk1ZVVNlb1RvM2FpdU80aQ?oc=5) · Fall River Herald News

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=67894 (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/54.json (key "67894", 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=67894
- 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