# FORUM
INDIANAPOLIS, IN · NCUA charter 68248 · asset band $1-10B · latest filing 2026-03 · live
Share link (named URL with a preview card): https://getbookiq.com/cu/forum-68248

Who the members are: state charter, organized 1941, low-income designated. 165,080 members of 245,859 potential (67.1% of the field); checking penetration 44% (share draft accounts per 100 members); loans per 100 members 52.

**Verdict on the desk:** this could be *indirect 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 | $2.34B |
| Members | 165,080 (0.5% YoY) |
| Full-time staff | 412 |
| Net worth | $300.3M |
| Net worth ratio | 12.9% (p81 of band) |
| ROA (annualized) | 1.25% (p85 of band) |
| Total delinquency | 0.33% (p18 of band) |
| Net charge-offs (annualized) | 0.44% (p42 of band) |
| Loans / shares | 97% (p83 of band) |
| Cash / assets | 14.4% |
| Borrowings / assets | 1.71% |
| Net interest margin | 3.96% (p89 of band) |
| Operating expense / assets | 3.35% (p59 of band) |
| Vehicles % of loans | 54% (p92 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 95% |
| Third-party paper % of net worth | 326% (p87 of band) |
| Vehicle delinquency | 0.27% (p16 of band) |
| Vehicle NCO | 0.51% (p19 of band) |
| Repossessed % of vehicle book | 0.01% (p25 of band) |
| Real estate % of loans | 22% |
| Credit cards % of loans | 3% |
| Unsecured % of loans | 8% |
| Commercial % of net worth | 96% |
| Core shares % of member funds | 53% |
| Certificates % of member funds | 35% |
| Average share balance | $6,905 |
| Participations bought / yr | $36.0M |
| Participations sold / yr | $0 |
| Participations outstanding | $20.3M |
| Loans outstanding per 100 members | 52% |
| Loans granted per 100 members, annualized | 18% |
| Average loan balance | $22,309 |
| Loans granted, annualized | $884.9M |

## Participation posture (from the same filings)

Bought $36.0M and sold $0 in the latest annualized quarter; $20.3M outstanding purchased (6.8% of net worth), $11.6M sold and retained. Sold in 5 and bought in 4 of the last 8 quarters. Shares 4.8% year over year.

## Flags firing in the latest filing

- **loans>95% of shares** (`str_ltos`)
- **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 | 4 | net worth falling |  |
| 2016-12 | 4 |  |  |
| 2017-03 | 4 |  |  |
| 2017-06 | 3 |  | net worth falling |
| 2017-09 | 3 |  |  |
| 2017-12 | 3 |  |  |
| 2018-03 | 4 | auto monoline |  |
| 2018-06 | 4 |  |  |
| 2018-09 | 4 |  |  |
| 2018-12 | 4 |  |  |
| 2019-03 | 4 | delinquency rising | auto monoline |
| 2019-06 | 3 |  | delinquency rising |
| 2019-09 | 4 | charge-offs p90 |  |
| 2019-12 | 3 |  | charge-offs p90 |
| 2020-03 | 3 |  |  |
| 2020-06 | 4 | net worth falling |  |
| 2020-09 | 3 |  | net worth falling |
| 2020-12 | 3 |  |  |
| 2021-03 | 4 | net worth falling |  |
| 2021-06 | 3 |  | net worth falling |
| 2021-09 | 3 |  |  |
| 2021-12 | 1 |  | loans>95% of shares, leaning on borrowings |
| 2022-03 | 1 |  |  |
| 2022-06 | 3 | loans>95% of shares, auto monoline |  |
| 2022-09 | 4 | leaning on borrowings |  |
| 2022-12 | 4 |  |  |
| 2023-03 | 4 | delinquency rising | auto monoline |
| 2023-06 | 3 | members leaving | leaning on borrowings, delinquency rising |
| 2023-09 | 4 | delinquency rising |  |
| 2023-12 | 4 | leaning on borrowings | delinquency rising |
| 2024-03 | 4 | net worth falling | leaning on borrowings |
| 2024-06 | 3 | delinquency rising | members leaving, net worth falling |
| 2024-09 | 2 |  | delinquency rising |
| 2024-12 | 2 |  |  |
| 2025-03 | 4 | net worth falling, delinquency rising |  |
| 2025-06 | 2 |  | net worth falling, delinquency rising |
| 2025-09 | 2 |  |  |
| 2025-12 | 2 |  |  |
| 2026-03 | 2 |  |  |

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

- 2026-09-03 [FORUM Credit Union: Tips for How to Lower Your Financial Stress - Fox 59](https://news.google.com/rss/articles/CBMinAFBVV95cUxNb1ZvNXh1dWhTRzdkNGdtanNGMGsyODZnUmVlTkx5UjJibEhucFNGcUhZZXRKcm1DbXJnWjZVRFpCQ29UUEg3UHlnNkM1eDZaOWxMLXQ0SXhxdm9oYTJ5b1BVMkc4WURuSk1JRndmR3JFWWJ3TDFwXzRoektEeF8yVHRJYnUwcFJWclk4eWJ3bUtHZVZLVmF6bWhTX1E?oc=5) · Fox 59
- 2026-08-27 [FORUM Credit Union: How to Start a Savings Habit that Sticks - Fox 59](https://news.google.com/rss/articles/CBMimAFBVV95cUxOUUwyXy1zbkwwalZBOTd1QTVTb0w3emN1UG1vSFBSWXZMcHpmX0U5emsxc0ZFMnVOc3NzZzZnVWQtdDVNdjNrNE9ISjQzUzdpS1VCc0M1Ykg1OE85cWJHNVJvT1RUd0NpRnNXejQ0alFnczVBUi1RSzlDRm12djdiUEh0NlF6MW52WVNabG1XSGtaTEV3MUJIZw?oc=5) · Fox 59
- 2026-06-14 [FORUM Credit Union Foundation Opens 2026 Educator Grant Application - Building Indiana Business](https://news.google.com/rss/articles/CBMirgFBVV95cUxOVDZaQzlCNzhxdGFoZjBiM3daOWNoVzRMOUxGWHlDdGJrREM2S2FDci1NN1JNTDNyYVRGZU51NHRvMVNvZXBSa1NldDNrNk0xWWlxRTN0UGN6T0hMcVhnRHNvMGJVS1dIem9KVmVscG11MnhTQnA1N0dTYkF2cmk0VmRSa0xzYXhMNG9VOXRCUTRPcjR2aXJ2UHR3Zl9FUG8yWTJaZU9HTmw0YXE2amc?oc=5) · Building Indiana Business
- 2025-09-29 [FORUM Credit Union community day - CUInsight](https://news.google.com/rss/articles/CBMifkFVX3lxTE43UWxkUGRhUHRuSFlNY01MNENlWWFIU1BGM29ZRjRMZ2V3SDRHQ3g2SmJIV1c3eUN5SXJBdDI3TEtYSm9KZ0Z3RGhoVHRqaEpzUnJacDJ0Ujd3LWZiX09Bbi0zWVlPTzRJX0x6SDAyaC1mVjJ2czBXTE5zNTNTdw?oc=5) · CUInsight
- 2025-05-13 [FORUM Credit Union - Temenos](https://news.google.com/rss/articles/CBMie0FVX3lxTFBOX1V5bi04aHNkUGhuSW5UdVpLRmxXNVI2bzNZNnhCZ0dLRExwQVlDLWMxVm5fRlV5NWp3eWp2aFh4eGZTS0lnRy1LUEstMEZXRzFBdW8wdmdCR04wdVA5bEZZNkVRWWlvOGVkalk1LTBsMzJGa0hyeTFBdw?oc=5) · Temenos
- 2026-08-20 [FORUM Credit Union: Vital Signs You Need a Financial Overhaul - Fox 59](https://news.google.com/rss/articles/CBMimgFBVV95cUxQdEdxS2xTMTE2SVhCcHpLdWYyQVVyVUhLbzg0TFNmNW9WWE5BQ0ZOSEVablhERHdQQTY3NzVfb2VnRmZrS3RGSmZJX1V3cVhuY3dBZ0JyYnY2Y1YyaVpaNUVVU2NIamxzcW9UMTRfMEVkaVptTlFfUk1xTE5yZ0EzLWc3ZS1pa3VGbzAxb3NzRTRKZWJXczkzejh3?oc=5) · Fox 59
- 2025-09-15 [FORUM Credit Union Bets on Digital Tools to Keep 5,000 Businesses Loyal - PYMNTS.com](https://news.google.com/rss/articles/CBMiswFBVV95cUxPdjFoT3daQ3AwdFVvdldpVHYzVGVGaTJONktsZDRnUlZobTQyUEVjZF93X2Z6MkFlOEVLODI1eDU0LUJNUEdzMUIzWXJVMW1wangyQ0d6cng3QnRQSzlqWElMcnVpNmxzZ3Ywa1lqUFNpalFjeGtwQzZsQkhDOEV2ckp0UW4wZDhHblM4X1U3VHFqX2JDYzlDSDk5QldxUEF1UmdzM0Z6ZXNTU08xX2dPNzhQOA?oc=5) · PYMNTS.com
- 2026-08-13 [FORUM Credit Union: Simple Steps to Gradually Improve Your Financial Well-Being - Fox 59](https://news.google.com/rss/articles/CBMisgFBVV95cUxPYmprU1Q4bDlkT0s1NmJ3ZTdjaGZITjNYRHRreXJQRWtqcDBHOXZuWnpqdGtVZThNbm5VOVFmcGd6VWF5LVRXYVFLejh5aldmZ19kUDJlTXJTUXIzb3E3Tk56R24wYjNGdUd4NFRDVDVrRWNEbjVnS0NHbXMyY3BQSmlWM2l3WURWSjBHNDBfb1ZWQ1h3Z2lWTm9HaGw1a3k2TWpRbDJlSG1uWHpLNExmWk9n?oc=5) · Fox 59

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=68248 (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 "68248", 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=68248
- 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