# BEGINNINGS
Ithaca, NY · NCUA charter 68322 · asset band $1-10B · latest filing 2026-03 · live
Share link (named URL with a preview card): https://getbookiq.com/cu/beginnings-68322

Who the members are: state charter, organized 1953, low-income designated. 75,357 members of 903,450 potential (8.3% of the field); checking penetration 54% (share draft accounts per 100 members); loans per 100 members 49.

**Verdict on the desk:** this could be *indirect buyer*. 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 | $1.51B |
| Members | 75,357 (-2.2% YoY) |
| Full-time staff | 225 |
| Net worth | $206.2M |
| Net worth ratio | 13.7% (p88 of band) |
| ROA (annualized) | 0.09% (p6 of band) |
| Total delinquency | 0.60% (p48 of band) |
| Net charge-offs (annualized) | 0.46% (p44 of band) |
| Loans / shares | 82% (p36 of band) |
| Cash / assets | 12.8% |
| Borrowings / assets | 0.33% |
| Net interest margin | 3.29% (p48 of band) |
| Operating expense / assets | 3.55% (p67 of band) |
| Vehicles % of loans | 25% (p45 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 73% |
| Third-party paper % of net worth | 145% (p52 of band) |
| Vehicle delinquency | 1.01% (p79 of band) |
| Vehicle NCO | 1.40% (p70 of band) |
| Repossessed % of vehicle book | 0.08% (p53 of band) |
| Real estate % of loans | 57% |
| Credit cards % of loans | 1% |
| Unsecured % of loans | 3% |
| Commercial % of net worth | 50% |
| Core shares % of member funds | 61% |
| Certificates % of member funds | 28% |
| Average share balance | $8,747 |
| Participations bought / yr | $37.3M |
| Participations sold / yr | $0 |
| Participations outstanding | $66.3M |
| Loans outstanding per 100 members | 49% |
| Loans granted per 100 members, annualized | 13% |
| Average loan balance | $28,574 |
| Loans granted, annualized | $217.3M |

## Participation posture (from the same filings)

Bought $37.3M and sold $0 in the latest annualized quarter; $66.3M outstanding purchased (32.2% of net worth), $0 sold and retained. Sold in 0 and bought in 5 of the last 8 quarters. Shares 2.8% year over year.

## Flags firing in the latest filing

- **3rd-party paper>100% NW** (`str_thirdparty`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 1 | 3rd-party paper>100% NW |  |
| 2016-06 | 1 |  |  |
| 2016-09 | 2 | delinquency 2x band |  |
| 2016-12 | 2 |  |  |
| 2017-03 | 3 | delinquency rising |  |
| 2017-06 | 2 |  | delinquency rising |
| 2017-09 | 2 |  |  |
| 2017-12 | 2 |  |  |
| 2018-03 | 2 |  |  |
| 2018-06 | 2 |  |  |
| 2018-09 | 2 |  |  |
| 2018-12 | 2 |  |  |
| 2019-03 | 2 |  |  |
| 2019-06 | 2 |  |  |
| 2019-09 | 2 |  |  |
| 2019-12 | 2 | members leaving | delinquency 2x band |
| 2020-03 | 4 | losing money, margin squeeze |  |
| 2020-06 | 4 | net worth falling, delinquency 2x band | members leaving, losing money |
| 2020-09 | 3 |  | net worth falling |
| 2020-12 | 3 |  |  |
| 2021-03 | 3 | net worth falling | margin squeeze |
| 2021-06 | 3 |  |  |
| 2021-09 | 4 | members leaving |  |
| 2021-12 | 2 |  | net worth falling, members leaving |
| 2022-03 | 3 | losing money |  |
| 2022-06 | 5 | net worth falling, delinquency rising |  |
| 2022-09 | 3 |  | net worth falling, delinquency rising |
| 2022-12 | 2 |  | losing money |
| 2023-03 | 2 |  |  |
| 2023-06 | 3 | assets shrinking |  |
| 2023-09 | 2 |  | assets shrinking |
| 2023-12 | 2 |  |  |
| 2024-03 | 2 | members leaving | delinquency 2x band |
| 2024-06 | 2 | delinquency 2x band | members leaving |
| 2024-09 | 2 | members leaving | delinquency 2x band |
| 2024-12 | 2 |  |  |
| 2025-03 | 3 | net worth falling |  |
| 2025-06 | 1 |  | members leaving, net worth falling |
| 2025-09 | 1 |  |  |
| 2025-12 | 1 |  |  |
| 2026-03 | 1 |  |  |

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

- 2026-08-03 [Monday morning bank robbery at Beginnings Credit Union leads to one arrest - The Ithaca Voice](https://news.google.com/rss/articles/CBMiqwFBVV95cUxPVHdQREFCLV82dURObVdxSC1fVG5QVFdsN1JEZWoyZGxwMGRBYUVzNTNBRmRxU2dYbWMtS1dSVmdab1JFaV9icnBhMElUSTJ4Qi1RZnBrX3FpVTZVLU9STUZZYzNqYmtPdG5XSDF0RWxlMU5IbFRJc0ZCbXQ2YTdyR2FIRF9jZEZzT1pTSHUzcUl2Ym1yVUx4THdYMFFzNE42Z2FManFnaUd5Ync?oc=5) · The Ithaca Voice
- 2026-08-03 [Suspect Arrested Minutes After Robbery At Beginnings Credit Union - cutoday.info](https://news.google.com/rss/articles/CBMipAFBVV95cUxOQjA1anI5T2x5OEMwZXQwSTJWRHdpdmwzcndxSHpGcGlSeUs3Z2xoa01kZFo5RzRyN0JDZ25acTBCb1cyb0NFekFUNm9pMDgtbWJPRmJEUmtVYzk5dUVEcnZ3di1VMTRYMkc1dTNSZ3lacUhwNVlZMzNIZkg3WUdWUVJud0NRcUZ4NWVHMUVzYUR6TjdYbUlnZ0ltNy1TWEFCQnQ1bw?oc=5) · cutoday.info
- 2026-08-11 [Beginnings Credit Union seeks more parking at Ithaca branch - 607 News Now](https://news.google.com/rss/articles/CBMimwFBVV95cUxPal90ZXg2VG5qNkNMZ1JaY2FmMjh6a1AxdTR2Q015RVptRDlaTWRjUXJvdU1CaDVYUTNneGNrdy1lckgtNnhiQmVUQV8zcjk1RmFneGNzUjBwbElEdWFweGwtU3RabjBqY0xHQnJibzNOZ3h4WU5pNkZTOFlJaUhHSEtlcmRmZ3JMQThMeFVHSkxJVkpBMUpwZl9aMA?oc=5) · 607 News Now
- 2026-03-24 [A Syracuse credit union is about to get a lot bigger after a merger - Syracuse.com](https://news.google.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?oc=5) · Syracuse.com
- 2026-01-21 [Beginnings opens applications for 2026 scholarships and awar... - Tompkins Weekly](https://news.google.com/rss/articles/CBMif0FVX3lxTE10c2NQZEVaTzIwRDFacmZMM3VIdVB1eXBUekRXQ1dkMUpoaDE4eEtkSGpMSHlCaEtkeFRyNUdUVVJhcTg3a2k2Rk92eTh6ZE1OTTFWcHFCeXNEMGViMmlrZ1BEWEJtQlR2UUZQYXlPLWg4OEhtaTA5V1JtMVd2LWM?oc=5) · Tompkins Weekly
- 2026-08-03 [Ithaca man arrested, charged after bank robbery this morning - weny.com](https://news.google.com/rss/articles/CBMi0AFBVV95cUxPOC1XdlZ5d25HQ2RjNE8zX3JEVlh5M19LOU9Tek5kWnJxRUpCa0RZbWE2OFVHSlM0SEVSNFBZOW9Bc0EyOFgtMTJadU9faURyMDN6NURoTzFtVGdtSEdEY3AxZ1JRWnNSbmR2SDBrR3M4bExfNUJQSFo2djY5blNrYkZibUU4aUhLVndIVURrdnAwWjBvZEZ1OFRSa3NxQU5HT2dfcENHOWYxVV9vajhqSFRNSzQ2djBjZzFCZnVYWG9tQUNQNXVCZ2t0MGhWUUR2?oc=5) · weny.com
- 2025-07-21 [CFCU Community Credit Union Undergoes Rebrand, Becoming Beginnings Credit Union - Ithaca Times](https://news.google.com/rss/articles/CBMi-AFBVV95cUxQRk9na0ZfRl9VcFJibG9ZbG40ZDNwTEN0dU1wUkxURDQ5Q2tBeVdJaHVBQlN4QVNYdm1yb0t3SjNCZWNXaUwyWXVaa21sUVhxMWRCWGxGemlfX2FlTXc4TnQxVldKOVR6YXlwRnJwS3lRZ1Fkb1F0OWZvUzh3clhyWUZLUklPa2MwemJDOXdPRG1wcy0xaDBEQXAtY1JHRklYTEFfYy1mUFBuSkZZZDlqWnNQLTFFbXdnajF6MkFiRE1xSDVwSktVZzFnRkVMR1RQbk9mYmxQVFJMa1JuTzhEZi1jT09UWjhqWC03b0xsc2NTZTZFbFJnUtIB_gFBVV95cUxPRkQwVEczNjRCSzVsSFdKR1ktQmZPUGVfRkFIa21IM3dOUXNPYWxlTTJabXhUMWxwRTlXU29mSFJVYW82dER5dWZiS3dGa2VoTGJ4ckhPbGdlaWppb1Jya21laHl0OFg3YzJVekd3SjZucThEbVFwWnUtNGJPYndQenlmM1k0ZWltVndkNnlibnliNU1MNExIUkJ5SjNGY3JScnR5d2dPV2xCQTFsX0pkNHBYUEV2X0M5VjZoWjZGRUVLWjE5SEFNWUVzTTgxd2RDYjJiOFhmSUIzUDB4M0hxaHduZnRKNi1sV21CXzc3YzR4QzdwZGdMZXByb2RYUQ?oc=5) · Ithaca Times
- 2025-08-13 [Beginnings Credit Union Modernizes Loan Payment Experience - Banking Exchange](https://news.google.com/rss/articles/CBMisAFBVV95cUxNRHdYdnJYcDVGdFIwRDFTY3Boc2I3MmtpUFhxVkFNaGFfR29hRXV3S0F5T2ZkU1o4MDl2Y01iWWd5dXNDcWs2QmZYNFBGTlpReFBGbVhfM2Z5Tk4wOW54OEwwZlJEYjk1MHZUR2I5NUdnNEZmRUpJRnJtY1FxVkVibWZubjdjOVhGVGRXN2gxQkVyVW9rVlIzUjAyaGdBbFM5M29EdHVEdEt4bFVkRmpiYQ?oc=5) · Banking Exchange

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=68322 (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/34.json (key "68322", 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=68322
- 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