# QUALTRUST
Irving, TX · NCUA charter 68569 · asset band $100-200M · latest filing 2017-09 · stopped filing after 2017-09 (departed; for a credit union that is almost always a merger)
Share link (named URL with a preview card): https://getbookiq.com/cu/qualtrust-68569

Who the members are: state charter, organized 1948. 23,601 members of 200,000 potential (11.8% of the field); checking penetration 54% (share draft accounts per 100 members); loans per 100 members 30.

**Verdict on the desk:** this could be *ordinary*. Composite score 4 of 18 (one point per flag across 17 flags, capital below 7% counted twice).

## What the filing shows

| Measure | Value |
|---|---|
| Total assets | $197.0M |
| Members | 23,601 (-1.5% YoY) |
| Full-time staff | 65 |
| Net worth | $15.2M |
| Net worth ratio | 7.7% (p7 of band) |
| ROA (annualized) | -2.43% (p1 of band) |
| Total delinquency | 0.94% (p66 of band) |
| Net charge-offs (annualized) | 0.91% (p89 of band) |
| Loans / shares | 66% (p37 of band) |
| Cash / assets | 23.6% |
| Borrowings / assets | 0.00% |
| Net interest margin | 2.85% (p36 of band) |
| Operating expense / assets | 5.86% (p98 of band) |
| Vehicles % of loans | 48% (p72 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 18% |
| Third-party paper % of net worth | 66% (p60 of band) |
| Vehicle delinquency | 0.29% (p28 of band) |
| Vehicle NCO | 0.31% (p37 of band) |
| Repossessed % of vehicle book | 0.00% (p29 of band) |
| Real estate % of loans | 32% |
| Credit cards % of loans | 0% |
| Unsecured % of loans | 5% |
| Commercial % of net worth | 0% |
| Core shares % of member funds | 54% |
| Certificates % of member funds | 8% |
| Average share balance | $4,190 |
| Participations bought / yr | $0 |
| Participations sold / yr | $0 |
| Participations outstanding | – |
| Loans outstanding per 100 members | 30% |
| Loans granted per 100 members, annualized | 11% |
| Average loan balance | $16,669 |
| Loans granted, annualized | $42.6M |

## Flags firing in the latest filing

- **thin capital** (`cap_low`)
- **losing money** (`earn_negative`)
- **expense trap** (`earn_opex`)
- **loan book shrinking** (`shrink_loans`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 1 | 3rd-party paper>100% NW |  |
| 2016-06 | 1 |  |  |
| 2016-09 | 1 |  |  |
| 2016-12 | 1 |  |  |
| 2017-03 | 3 | net worth falling, losing money |  |
| 2017-06 | 1 |  | 3rd-party paper>100% NW, net worth falling |
| 2017-09 | 4 | thin capital, expense trap, loan book shrinking |  |

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

- 2017-02-24 [Qualtrust Credit Union & Texas Trust Credit Union Merge - Focus Daily News](https://news.google.com/rss/articles/CBMijgFBVV95cUxQbFI1RDFfZ1pITTFuZVZuT3RQcjZQbE0yTldybGlWRWlkaUktbGhNWnktbDJhUmtMYzUzd20zS25CUEFPa0E2dmpXWUE5U2JIdlBwci1CUWttRFFDcG1jdjdtNXE5b3lySlppTXlUWnVMNVlHWEJralhhSkhzRG5kUm5sZTRVbDhoVTlXOG9n?oc=5) · Focus Daily News
- 2020-08-26 [Texas Trust Credit Union closes merger with Qualtrust CU - americanbanker.com](https://news.google.com/rss/articles/CBMiqAFBVV95cUxQRkt4QkVHNU9zbG8tQjZNN29Tckt2bUo2V3Y1dUgtVVlZTG1yeHhBSUFfTlpqVVZEXzMweUhscktFZWdJRm1Ba1JJc21ZOTU1UHFoclZrWnpLbXphc2Z6V2k1c3dQX0ZvRjVJQnMycnlMMnd3ZUV1OW8xSG1XQVgwcTlCNV8zUDhYZVBuNGFxc211cWpydjAzSjg4SGVsZmxNZXQ4TXJMTmY?oc=5) · americanbanker.com
- 2023-08-17 [Under Jim Minge's leadership, Texas Trust Credit Union has become a force to be reckoned with - The Business Journals](https://news.google.com/rss/articles/CBMilAFBVV95cUxPRTYwc0FDNmVRTGpkdWhyUkNpWWpHV0RfdzUtV2JXak5UVjdSTXpORmQtYUU2WWxRMHZYaWd2c0JCT3F3NjFqZEZwX2JETUh6eWthVktDQUNaWlVYSDZreUFCY2hwMERxSnFKc2NRTkVJU1Q5aDV5ZzdkbFpIVjUyNUpTX2psTE5aQW1EVVNtbXNlLXpq?oc=5) · The Business Journals
- 2021-05-25 [Sandra Dell Elliott Harrison Obituary May 25, 2021 - Harper Funeral Home](https://news.google.com/rss/articles/CBMif0FVX3lxTFBhMHk4QlRnUU02ank3ek5FalJrS0FJUXR6YXN0R0JEWHBPdldaYkg4dVZiWlBoV3M0M2NBaXpuZmF0Mlc2bUdJVFZaZFJINXlTa1JCVGJJYUE5RkdNUXRVQXFRaXZPRUlHblVIMjNqY0RrTUZybnRLQ2E4MVBEamc?oc=5) · Harper Funeral Home
- 2018-11-15 [Armed suspects rob Flower Mound bank Thursday - crosstimbersgazette.com](https://news.google.com/rss/articles/CBMimAFBVV95cUxOX0dsWktKYU5vY1JhMjJuRVhFT1YtUjdBVno5UDZHTDdkemVOamhzalhmbkZDQUg0ZnJLUFBiVmxGblotMFFOenFGdktuaEVEb0MxaXdWSDJvUl9IUlpmVVpiOFNXaDdqZjU0OVB3NDBUOHpteVQ4dlB3a2FhRUxVVDJwMXQwWEVmc1NvMExlelZ6R2hNLXc3Wg?oc=5) · crosstimbersgazette.com
- 2022-03-02 [Carlton Ray Baker Obituary (2022) - Hurst, TX - Forest Ridge Funeral Home-Memorial Park Chapel - legacy.com](https://news.google.com/rss/articles/CBMiggFBVV95cUxONVR5OEdJUmxUVmZ5bnBsZmxVWkhCSm5sUjdSakgtTEMxNXptZmxRSm1JcERkYVZtQ2x3V1VxYVpReXByTnptOElKc280LWQyTTJkQmxMb0FFOXZkelRzdG1HUXZKUjhoVm9yZEtxY1E1LWVnWkxqbXF1TzBuT0t3LV9R?oc=5) · legacy.com

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=68569 (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/25.json (key "68569", 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=68569
- 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