# MAX
Montgomery, AL · NCUA charter 68575 · asset band $1-10B · latest filing 2026-03 · live
Share link (named URL with a preview card): https://getbookiq.com/cu/max-68575

Who the members are: state charter, organized 1955, low-income designated. 131,569 members of 752,157 potential (17.5% of the field); checking penetration 60% (share draft accounts per 100 members); loans per 100 members 39.

**Verdict on the desk:** this could be *liquidity-rich*. Composite score 0 of 18 (one point per flag across 17 flags, capital below 7% counted twice).

## What the filing shows

| Measure | Value |
|---|---|
| Total assets | $2.35B |
| Members | 131,569 (2.6% YoY) |
| Full-time staff | 284 |
| Net worth | $336.7M |
| Net worth ratio | 14.3% (p91 of band) |
| ROA (annualized) | 1.74% (p97 of band) |
| Total delinquency | 0.70% (p60 of band) |
| Net charge-offs (annualized) | 0.45% (p42 of band) |
| Loans / shares | 57% (p6 of band) |
| Cash / assets | 9.5% |
| Borrowings / assets | 0.51% |
| Net interest margin | 3.17% (p41 of band) |
| Operating expense / assets | 2.74% (p25 of band) |
| Vehicles % of loans | 37% (p72 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 69% |
| Third-party paper % of net worth | 87% (p36 of band) |
| Vehicle delinquency | 1.33% (p87 of band) |
| Vehicle NCO | 1.46% (p72 of band) |
| Repossessed % of vehicle book | 0.36% (p93 of band) |
| Real estate % of loans | 28% |
| Credit cards % of loans | 2% |
| Unsecured % of loans | 4% |
| Commercial % of net worth | 95% |
| Core shares % of member funds | 52% |
| Certificates % of member funds | 20% |
| Average share balance | $7,364 |
| Participations bought / yr | $1.5M |
| Participations sold / yr | $0 |
| Participations outstanding | $46.9M |
| Loans outstanding per 100 members | 39% |
| Loans granted per 100 members, annualized | 9% |
| Average loan balance | $22,444 |
| Loans granted, annualized | $350.2M |

## Participation posture (from the same filings)

Bought $1.5M and sold $0 in the latest annualized quarter; $46.9M outstanding purchased (13.9% of net worth), $30.8M sold and retained. Sold in 7 and bought in 7 of the last 8 quarters. Shares 2.3% year over year.

## Flags firing in the latest filing

- none

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 2 | delinquency 2x band, 3rd-party paper>100% NW |  |
| 2016-06 | 2 |  |  |
| 2016-09 | 2 |  |  |
| 2016-12 | 2 |  |  |
| 2017-03 | 2 |  |  |
| 2017-06 | 2 |  |  |
| 2017-09 | 3 | repo signal |  |
| 2017-12 | 3 |  |  |
| 2018-03 | 3 |  |  |
| 2018-06 | 2 |  | repo signal |
| 2018-09 | 3 | repo signal |  |
| 2018-12 | 2 |  | repo signal |
| 2019-03 | 4 | net worth falling, repo signal |  |
| 2019-06 | 3 |  | net worth falling |
| 2019-09 | 4 | delinquency rising |  |
| 2019-12 | 2 |  | repo signal, delinquency rising |
| 2020-03 | 3 | net worth falling |  |
| 2020-06 | 2 |  | delinquency 2x band |
| 2020-09 | 4 | margin squeeze, delinquency 2x band |  |
| 2020-12 | 4 |  |  |
| 2021-03 | 4 |  |  |
| 2021-06 | 3 |  | margin squeeze |
| 2021-09 | 3 |  |  |
| 2021-12 | 2 |  | delinquency 2x band |
| 2022-03 | 2 |  |  |
| 2022-06 | 1 |  | net worth falling |
| 2022-09 | 1 |  |  |
| 2022-12 | 4 | delinquency 2x band, delinquency rising, assets shrinking |  |
| 2023-03 | 3 |  | assets shrinking |
| 2023-06 | 1 |  | delinquency 2x band, delinquency rising |
| 2023-09 | 1 |  |  |
| 2023-12 | 1 |  |  |
| 2024-03 | 2 | net worth falling |  |
| 2024-06 | 1 |  | net worth falling |
| 2024-09 | 1 |  |  |
| 2024-12 | 2 | repo signal |  |
| 2025-03 | 2 |  |  |
| 2025-06 | 1 |  | repo signal |
| 2025-09 | 0 |  | 3rd-party paper>100% NW |
| 2025-12 | 0 |  |  |
| 2026-03 | 0 |  |  |

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

- 2026-09-01 [MAX continues five-year workplace winning streak - Opelika Observer](https://news.google.com/rss/articles/CBMikgFBVV95cUxNc0lEZ09PWG5kdTVsUmFQX2pYVHB4ejZkV2pKNU5hWW9nSlMwSGRiVzZfaVRaRUJsY2ttT0JzWXcxUFNQbXhpWi1oNnpvb0ZCSVZ0d0IyWU95NjNYSzJjSjlEVDVPSkN2Q1BjMWxiUUU2dUZqZkdTV2dPVDFweUlkZ0thYmNxTUJMY19aV0FkOVpRUQ?oc=5) · Opelika Observer
- 2026-06-12 [2026 Summer Fund and Food Drive: Max Credit Union - WSFA](https://news.google.com/rss/articles/CBMiiwFBVV95cUxOQW9aeVRsaTdpRTlmUTE0SVVZUWljY2hqcnRuNG93QjVGZzhLNzVpMUVqb3RRUFA3MG0zSFpGUVBEeF9KSTJoQXNmTHJXcURUMGw0bFEwcnpNY1RTRmdTSGhnX05LS2FhbFA3Ykd5bFJzRHZ2SjFpQnF6aVNwV0UxTExBMzZtQ3lLazlv?oc=5) · WSFA
- 2022-03-16 [MAX Credit Union announces a new senior Vice President of Growth and Innovation and Vice President of Sales and Service Center - CUInsight](https://news.google.com/rss/articles/CBMi-wFBVV95cUxQRENfQ09vampoQTd1ckxHaHRLWWU1WkE3djN3Nzg2d0pRRXY4Vzh5dTlCeU55c2tpeDZYNHFHTWczWHNxMWNud1lVRjRxMHBlUThPbkdZUGVIUmVWeDFXcXY4UDdkZ3RLaXNKQ0FOMW5temVITTQ1TVo1bFREdTdqREp4cUxuTmZBWHA1MHBhUExFZ1EtRHlhQnBRUU9RWmxuWDNqT3lrMjZFaFRHN0hEekZyMUYwaXB3YnpRV1lDcGFlV2xMOUtwRnpLeDJGNHBGbE05N3R1cF9STFBWMU1DOFVLRjVSdFJ0WV8xOFdXUVhQdTBPem9SQ2VPQQ?oc=5) · CUInsight
- 2026-06-21 [Thomas Ballow Obituary - Montgomery, AL - Dignity Memorial](https://news.google.com/rss/articles/CBMihgFBVV95cUxOWERRVWV3OC1iNkMzckE4N3cyc1RNMm8zR3U5dVZlR0p4aXVsaTljWTFHS1UtYW1Ua3dueUR1b05KLWlyWHpYSEY5WXR2TVJjck1UMUxVRTNTaFUxQzRlOVZrQkkyXzZPS1doWVhId05RWS11Q2t1VWk2ZFVHcjVZalFLSXFwdw?oc=5) · Dignity Memorial
- 2026-05-07 [Pinnacle Financial Partners: Expansion Into Auburn Led By Veteran Banker Martee Moseley - Pulse 2.0](https://news.google.com/rss/articles/CBMiqgFBVV95cUxNckhJbFNxSmhBalZsTnJHQUpKdTlDWk9DQWN6UFZabEl0c2ktdmkyZGZRSVV5eVZrX1lHS0lGZ1NtWnpON2o2UVR5aW5HSXBvM2Y2LV93VlpDeU12NTlJZ3lHWGpTUUtpU05Zc2VsTG9IU0tSYjR5ZjZNV0h6VEo1Y0htcEF1bmp5WVgwTlRNY25hU2N3QVdVbmU4d0RKWFJYOVVtV0RsNXNDZ9IBrwFBVV95cUxPYW16YmpvbG5MTEI4WFNKTzh0azBoU3BtRzB1d3o4aEFLMzNKUHRTS0FlX084MU0yZXRwTFdGTE90NFM1YzYxZFpMbHlVN3VOY2lqUTFnSkZZN3dzLWFSVnJtSFNZY2w2N2E0Z0d2Y2ZtWkxWRUhueWdFRUg5a2N6QmxOdlFjOTMtb3lRN2Q1SnZ0dWNNZjhKbm5RZFctVXdCM2xicFFLd0RUTGRsaGI4?oc=5) · Pulse 2.0
- 2025-12-03 [40 companies named as Best Companies to Work for in Alabama - Business Alabama Magazine](https://news.google.com/rss/articles/CBMikgFBVV95cUxOdzRHR0k2NnA5NGpvY3BOYTBLVG80YU9RWTBUNzVjYV91M1FJRUgtdVVNUm5HZ0RxVnlHQjNSYXVRZVpfRWJnQUVCQzNWVWV1cW9taEZWZkQtRXFRSnNqYzVrNjdWWUpXRWV3Qms3YW9OeXdCNWMwTUlGTkRDa1l1RmhNZjZCZ01vWVd4OU9hVTFLZw?oc=5) · Business Alabama Magazine
- 2021-11-23 [MAX Credit Union announces a new Chief Information Officer - CUInsight](https://news.google.com/rss/articles/CBMioAFBVV95cUxPQlV6M25jV0tJTUItVEJTSDFRdDIxYTN1UU16NFVTakZrQjc0SThkYWhDSEZBeElLbVVRSFI4OUl1Y2J3Q0hnb1dYb0dVazktQ3pfeDhKSzRjWGF5bzJEM0dtWWlrYXFUNjF0RWw4bnJORDAtekRNWklxVTVfWmJya3hxUkxDQ2JROWZfYUlkVm1ZNXA4d2NScXdGUWpMUHFy?oc=5) · CUInsight
- 2018-03-01 [Hornets, Montgomery Biscuits, and MAX Credit Union Announce MAX StingFest - Alabama State University Athletics](https://news.google.com/rss/articles/CBMi6AFBVV95cUxPNXZUWG1OZjdoSE5fODlOSTZ3dDNxT2hxZjI2bmFXRXJhUC1Lai1BZDJIT0VicUhnR0FpVjVjamNSSjRlN1k2bDE1d0xFNmNZek9OWlpxckU1OHFjMjBabkRsOGd5MUZLNDd5amVxWWRpdmtjaTN5bFBUNXFLbVE2OVloSkkzdzJmRnZaNUJnb1ZoZU5HM2FzdjYwR1NUcThRVWUxWGt4RTV2NVdSZG03bUJ1dTdSTkFpaXM5WDd6TzBYV3pwVGJzNmNqQjF0bTNXeFBzcVJkSFpuQjg2UjV4YW5reG9fUm51?oc=5) · Alabama State University Athletics

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=68575 (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/31.json (key "68575", 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=68575
- 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