# MEMBERSOURCE
Houston, TX · NCUA charter 68440 · asset band $200-500M · latest filing 2026-03 · live
Share link (named URL with a preview card): https://getbookiq.com/cu/membersource-68440

Who the members are: state charter, organized 1958. 14,907 members of 2,380,676 potential (0.6% of the field); checking penetration 40% (share draft accounts per 100 members); loans per 100 members 80.

**Verdict on the desk:** this could be *indirect buyer*. Composite score 3 of 18 (one point per flag across 17 flags, capital below 7% counted twice).

## What the filing shows

| Measure | Value |
|---|---|
| Total assets | $205.4M |
| Members | 14,907 (14.0% YoY) |
| Full-time staff | 53 |
| Net worth | $24.3M |
| Net worth ratio | 11.8% (p59 of band) |
| ROA (annualized) | -0.02% (p6 of band) |
| Total delinquency | 0.45% (p36 of band) |
| Net charge-offs (annualized) | 0.71% (p78 of band) |
| Loans / shares | 79% (p61 of band) |
| Cash / assets | 15.0% |
| Borrowings / assets | 0.00% |
| Net interest margin | 3.99% (p77 of band) |
| Operating expense / assets | 4.74% (p89 of band) |
| Vehicles % of loans | 43% (p69 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 53% |
| Third-party paper % of net worth | 134% (p67 of band) |
| Vehicle delinquency | 0.50% (p45 of band) |
| Vehicle NCO | 0.60% (p49 of band) |
| Repossessed % of vehicle book | 0.16% (p82 of band) |
| Real estate % of loans | 39% |
| Credit cards % of loans | 6% |
| Unsecured % of loans | 12% |
| Commercial % of net worth | 0% |
| Core shares % of member funds | 70% |
| Certificates % of member funds | 19% |
| Average share balance | $7,822 |
| Participations bought / yr | $2.4M |
| Participations sold / yr | $382,060 |
| Participations outstanding | $5.8M |
| Loans outstanding per 100 members | 80% |
| Loans granted per 100 members, annualized | 18% |
| Average loan balance | $11,828 |
| Loans granted, annualized | $43.8M |

## Participation posture (from the same filings)

Bought $2.4M and sold $382,060 in the latest annualized quarter; $5.8M outstanding purchased (24.0% of net worth), $164,248 sold and retained. Sold in 8 and bought in 8 of the last 8 quarters. Shares 10.7% year over year.

## Flags firing in the latest filing

- **losing money** (`earn_negative`)
- **delinquency rising** (`aq_dq_rising`)
- **3rd-party paper>100% NW** (`str_thirdparty`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 2 | thin capital, 3rd-party paper>100% NW |  |
| 2016-06 | 2 |  |  |
| 2016-09 | 2 |  |  |
| 2016-12 | 2 |  |  |
| 2017-03 | 2 |  |  |
| 2017-06 | 2 |  |  |
| 2017-09 | 2 |  |  |
| 2017-12 | 2 |  |  |
| 2018-03 | 2 |  |  |
| 2018-06 | 3 | assets shrinking |  |
| 2018-09 | 2 |  | assets shrinking |
| 2018-12 | 3 | assets shrinking |  |
| 2019-03 | 3 | losing money | assets shrinking |
| 2019-06 | 2 |  | losing money |
| 2019-09 | 2 | assets shrinking | thin capital |
| 2019-12 | 2 |  |  |
| 2020-03 | 3 | thin capital, losing money | assets shrinking |
| 2020-06 | 1 |  | thin capital, losing money |
| 2020-09 | 2 | margin squeeze |  |
| 2020-12 | 3 | net worth falling |  |
| 2021-03 | 3 | charge-offs p90 | margin squeeze |
| 2021-06 | 3 | members leaving | net worth falling |
| 2021-09 | 2 |  | charge-offs p90 |
| 2021-12 | 2 |  |  |
| 2022-03 | 2 |  |  |
| 2022-06 | 2 |  |  |
| 2022-09 | 2 |  |  |
| 2022-12 | 3 | auto monoline |  |
| 2023-03 | 4 | losing money, assets shrinking | auto monoline |
| 2023-06 | 5 | delinquency rising |  |
| 2023-09 | 4 |  | delinquency rising |
| 2023-12 | 5 | delinquency rising |  |
| 2024-03 | 5 | net worth falling, leaning on borrowings | assets shrinking, delinquency rising |
| 2024-06 | 5 | delinquency rising, loan book shrinking | losing money, net worth falling |
| 2024-09 | 5 | losing money, assets shrinking | leaning on borrowings, delinquency rising |
| 2024-12 | 5 |  |  |
| 2025-03 | 5 |  |  |
| 2025-06 | 2 | expense trap | members leaving, loan book shrinking, losing money, assets shrinking |
| 2025-09 | 2 |  |  |
| 2025-12 | 2 |  |  |
| 2026-03 | 3 | losing money, delinquency rising | expense trap |

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

- 2026-05-08 [MemberSource Data Breach: 31k Individuals Impacted - Claim Depot](https://news.google.com/rss/articles/CBMieEFVX3lxTFAtdWNMNUVpMk9leVgxR1hsMlp2WHJnSmppbjBReTBpcjFkdE9lWWNVMzBaN05ueG91SGVsT2gwZXBST0FHb01rVDRQb2hYZDNPbWtQXzJHT282Rjhua0JOakVwdm1LWmpxcW9UQ202NmhleG5haXJWUw?oc=5) · Claim Depot
- 2025-12-08 [Marquis Software Solutions Under Investigation for Data Breach of Over 780,000 Financial Records - Schubert Jonckheer & Kolbe](https://news.google.com/rss/articles/CBMickFVX3lxTE1vZVQ4bU5jSFVZOGJmZmVqbDJWLXBOcHcxWUZISVE3djVZZVM4ZHFaRTdFTk9vMGptMU5fY2NjMmNRRlRSX1BHVEJ6VjdDeHlSNEZIeTNYU2VoYVRaaDZqT2otMUJvaEROYWx3OWdlQmdIZw?oc=5) · Schubert Jonckheer & Kolbe
- 2017-01-05 [Willard Named to Lead Cornerstone League, Subsidiaries - cutoday.info](https://news.google.com/rss/articles/CBMilAFBVV95cUxNZFB0T3VOQm8wLTFScW1NYVpiY3BqVnN5T2VuV1g0eTdxZ3EtbXRRRW40SGkyM0VFYlZNQjI5dWE2ZGNCaWxVRjFyYlA2dkE3TDVVbnFRQkZEMmh0dWdqYnlYYXpCVHRHZ3FVdjRyVXU0ZEtra1NtRlJWOVlwdV85OHhpc0RDRW55Q0lHbUlJN2FGaDdM?oc=5) · cutoday.info
- 2025-12-03 [Marquis data breach impacts over 74 US banks, credit unions - BleepingComputer](https://news.google.com/rss/articles/CBMiqgFBVV95cUxNN25wV2ZwYk9ESjhEMGdsY1N4dXdSV2FBTUo2R21EX0JoODBvWlhTcVJ3TmtDdW5veDVucFZwS0V2M0Z5VGJsLVQ3MDJWQUpISFgtb1p6aWI0ZnE2MVdjTU8xXzZuclIwQ3ZGRVBCYl9jWXJjeURoNW9UM2hHay1uOElZSENqalFVWndUYV9xUjRnQ284QkpDSnJZNENHOHRfMnhDSnlSbXRzQdIBrwFBVV95cUxPNWZVaVhpYWZHQmVuT1ZWMUt1eTN6VjE1YnE5VC1wWWo0UE4xUG1BSmduNnBZckhtZE5ZTUFkQjdXa3dQS21JMHlIc015cEhsdkVfRzRsSU9YN3owcWFOcWNQQWJTcmxLcjJlYnRUYkd5UFBVclVVODdhVGQ0RTZVZjJDZlpiUWNQWjllcDBVcFQ0WW9qQ1dNNVY2TDNDeS11cU0xN2lNNHdnSG5mckE0?oc=5) · BleepingComputer
- 2016-02-17 [Nearly 60 FBISD football players sign National Letters of Intent - fbindependent](https://news.google.com/rss/articles/CBMiowFBVV95cUxOT1hRTFliME1CUWlqVnZJdThkeXEwbVF6S2duTzFJYlpUenZIU1NmSF9zQl8ybU9ybW1kaUdVYm5fMkVWaWtRV1M4M3FlOXQ4d2tlUU1OejN3eTVUel9DdklRTHNmR2hJbmJMYzQ3OWZMZUFCY0FDVFRxMTloYzFvYnJIZjJVR19XLUdjZUw3QVphWk5JLXNITkQ0cUx0MWxuUXZr?oc=5) · fbindependent
- 2005-02-01 [Joel Deason Obituary (2005) - Houston, TX - Houston Chronicle - legacy.com](https://news.google.com/rss/articles/CBMilgFBVV95cUxQRjdMQXRZNVBvRGlnZmpqZmw5dEtxYVJPN1psX3VjZ1lMQXlIRUlnaktoalNvdzlHSnZfNk8zMTdNay0yajBiS2VfNUJzX3Zha1VHVV9KSFNxVC03alR4eUdMZGpkMXk4bHFSQjNWVG15Sk1HaUJ2QnhST0lJWno0UDJxSnBreGVua0dac1NUc1VpV0w5aWc?oc=5) · legacy.com

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=68440 (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 "68440", 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=68440
- 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