# HERITAGE SOUTH
Sylacauga, AL · NCUA charter 68586 · asset band $100-200M · latest filing 2026-03 · live
Share link (named URL with a preview card): https://getbookiq.com/cu/heritage-south-68586

Who the members are: state charter, organized 1937, low-income designated. 15,428 members of 1,540,518 potential (1.0% of the field); checking penetration 70% (share draft accounts per 100 members); loans per 100 members 58.

**Verdict on the desk:** this could be *ordinary*. 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 | $189.5M |
| Members | 15,428 (-0.7% YoY) |
| Full-time staff | 58 |
| Net worth | $18.3M |
| Net worth ratio | 9.6% (p23 of band) |
| ROA (annualized) | 0.40% (p30 of band) |
| Total delinquency | 0.67% (p54 of band) |
| Net charge-offs (annualized) | 0.40% (p58 of band) |
| Loans / shares | 77% (p64 of band) |
| Cash / assets | 18.0% |
| Borrowings / assets | 0.00% |
| Net interest margin | 4.02% (p73 of band) |
| Operating expense / assets | 4.95% (p87 of band) |
| Vehicles % of loans | 37% (p50 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 18% |
| Third-party paper % of net worth | 47% (p55 of band) |
| Vehicle delinquency | 1.08% (p75 of band) |
| Vehicle NCO | 0.53% (p50 of band) |
| Repossessed % of vehicle book | 1.03% (p97 of band) |
| Real estate % of loans | 45% |
| Credit cards % of loans | 2% |
| Unsecured % of loans | 8% |
| Commercial % of net worth | 17% |
| Core shares % of member funds | 55% |
| Certificates % of member funds | 29% |
| Average share balance | $5,812 |
| Participations bought / yr | $0 |
| Participations sold / yr | $0 |
| Participations outstanding | – |
| Loans outstanding per 100 members | 58% |
| Loans granted per 100 members, annualized | 16% |
| Average loan balance | $14,611 |
| Loans granted, annualized | $38.2M |

## Flags firing in the latest filing

- **net worth falling** (`cap_falling`)
- **delinquency rising** (`aq_dq_rising`)
- **repo signal** (`aq_repo`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 1 | repo signal |  |
| 2016-06 | 0 |  | repo signal |
| 2016-09 | 2 | net worth falling, repo signal |  |
| 2016-12 | 1 |  | repo signal |
| 2017-03 | 2 | repo signal |  |
| 2017-06 | 1 | delinquency rising | net worth falling, repo signal |
| 2017-09 | 1 | repo signal | delinquency rising |
| 2017-12 | 1 |  |  |
| 2018-03 | 2 | net worth falling |  |
| 2018-06 | 3 | losing money |  |
| 2018-09 | 3 |  |  |
| 2018-12 | 2 |  | net worth falling |
| 2019-03 | 1 |  | losing money |
| 2019-06 | 1 |  |  |
| 2019-09 | 1 |  |  |
| 2019-12 | 1 | net worth falling | repo signal |
| 2020-03 | 2 | repo signal |  |
| 2020-06 | 4 | thin capital, margin squeeze, delinquency 2x band | repo signal |
| 2020-09 | 3 | charge-offs p90 | net worth falling, delinquency 2x band |
| 2020-12 | 3 | repo signal | margin squeeze |
| 2021-03 | 3 | net worth falling | charge-offs p90 |
| 2021-06 | 1 |  | repo signal, net worth falling |
| 2021-09 | 1 |  |  |
| 2021-12 | 2 | repo signal |  |
| 2022-03 | 1 |  | repo signal |
| 2022-06 | 2 | charge-offs p90 |  |
| 2022-09 | 0 |  | thin capital, charge-offs p90 |
| 2022-12 | 2 | expense trap, assets shrinking |  |
| 2023-03 | 2 | repo signal | assets shrinking |
| 2023-06 | 0 |  | expense trap, repo signal |
| 2023-09 | 1 | delinquency rising |  |
| 2023-12 | 0 |  | delinquency rising |
| 2024-03 | 2 | net worth falling, margin squeeze |  |
| 2024-06 | 1 | repo signal | net worth falling, margin squeeze |
| 2024-09 | 1 |  |  |
| 2024-12 | 1 |  |  |
| 2025-03 | 3 | expense trap, assets shrinking |  |
| 2025-06 | 4 | delinquency rising |  |
| 2025-09 | 3 | net worth falling | assets shrinking, delinquency rising |
| 2025-12 | 3 |  |  |
| 2026-03 | 3 | delinquency rising | expense trap |

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

- 2026-08-31 [Credit Unions Press Congressional Priorities During August Recess - cutoday.info](https://news.google.com/rss/articles/CBMipAFBVV95cUxOeXZEemZkSmxad0pRa2NmUm5lLTdkcHNzX2ttdmxuS0tSa0R6YU9VQXpJd29BU2EtRDNhVl9fNjZ2elRUMXlMMkJ3YUdqcjZtNVpHVG5qSUZPWU1LVEJxTzB3RXJGMVQ1Y2lzdTRzb0VQbjVxNXNEZWt1cXI5WS1iamVRcjBKQU9WRTV4N1BPV3FaUXdJcWZjbHVmSlFySkp0SzN2Zw?oc=5) · cutoday.info
- 2020-12-01 [Heritage South selected Credit Union of Year for Alabama - The Anniston Star](https://news.google.com/rss/articles/CBMi6gFBVV95cUxPNjNsWGl6Q3B2ejZmcjR6YUFmc1h5RmlHRVY1X19rMDJPbG9VNGh5djY4dGdWd1BmQ0oxeFVIWGkydDFTYzBvbFZnakdWOUdqWkxYTExsYmFVNzN4cFVZaHVzT1o3anVEaHk1YUxTXzdMSjVWTkVhTWMxRV81TnR3VFRoRFU4QnJFR0g2RHhMOUo2ZHBHcURvbFkxd0lCdWVJUjV2OHZJRnpLa0plU2ZoSEFvalBJYjBBNVlJNERwRjJsLUF3TUhKRWE2QnkyUGxmQ2xQWnBLR0ltR0cwLWVGNk1Sc0JqTENBWlE?oc=5) · The Anniston Star
- 2025-12-09 [2025 Sylacauga Christmas Parade winners announced - Sylacauga News](https://news.google.com/rss/articles/CBMijwFBVV95cUxNUUJjTFVNM1BISnNFRFVpVkNmMlJYbEJYdDQ2cWVuY2dqMm1kVUdNYzkwczdudlNqcGI3YVlpR1RZNzdnVjRjTFE2bXRkR05aSmtRaHlacFpqLUtsbHE2TlNfakNzSTctTExfa3lNQ2poVy0za2FLNTc0WnVhbjlfMFlxX3RrZlhkUFBTSWxFVQ?oc=5) · Sylacauga News
- 2025-12-03 [40 companies named as Best Companies to Work for in Alabama - businessalabama.com](https://news.google.com/rss/articles/CBMikgFBVV95cUxOdzRHR0k2NnA5NGpvY3BOYTBLVG80YU9RWTBUNzVjYV91M1FJRUgtdVVNUm5HZ0RxVnlHQjNSYXVRZVpfRWJnQUVCQzNWVWV1cW9taEZWZkQtRXFRSnNqYzVrNjdWWUpXRWV3Qms3YW9OeXdCNWMwTUlGTkRDa1l1RmhNZjZCZ01vWVd4OU9hVTFLZw?oc=5) · businessalabama.com
- 2025-12-29 [Howard Barnett Obituary - Sylacauga, AL - Dignity Memorial](https://news.google.com/rss/articles/CBMihgFBVV95cUxQUmZQWm1ZRkJvLXNkOHY1WmVlWlVtZTVzdDV1UDlYalpNTkltUFJFczE2T1dKdk83bjREZ0FhRmViS2ljbF90U1dIR3NjNTNyRWR1N2xYUHJQdG5rTnk3cGFYRkk2QUQ1UC1tNjlYam5nalVMTlJKNDlreHRzckhmMmZhZmZHdw?oc=5) · Dignity Memorial
- 2025-10-21 [Sylacauga Parks and Recreation to host second annual Fall Festival on Saturday, Oct. 25 - Sylacauga News](https://news.google.com/rss/articles/CBMivwFBVV95cUxPemRlR0xRZkI4UWRKcmhkQTVpb3FPb3NxQnBvNXR5Wl9tM0NWdjZRQW9qTkxkeFZDdFBrVkEyZ2dCdTF5b1BDREdNbGw2YTROdzcydmtKQXBlc3FKNXROOFhxTk9UaEZnZGFvVlc4VkhOQVJvZ1VGMkhjR1NCNURjMlVZLW44VUdLMm1jOVE4WGxHWWVwWHlGZzFaZV9VZDRDOTdzNVN4Wnd1ZHozOXVKLWhQaW83R0Y3ZkFFQWkwZw?oc=5) · Sylacauga News
- 2017-11-17 [Heritage South Credit Union announces grand opening for new branch in Alexander City - The Anniston Star](https://news.google.com/rss/articles/CBMijwJBVV95cUxNMFpKajBNY2tORFEwTzBiQTAwNFRNcVBCVEZjTFlmdW9lMWZJSkxjbkdaUXktVjNvWG9rRThMRHRrZk14LXhLUHZaN0plaEliaGY2TkNoa3A0UXNPSHFwX1FsZWxCWDBFdDZCaGVNRmhROFhRdElIWGFpVTdLY080dXJzWjJpcm9xb2RDdjNUU25ucFgwTFd0MGwtVE9BV0ZzVmJHWDk5Nlhxdm4xb2hqMENhaVNJdUpYcDlySFJWQk9MU2FfVm0tWl9TS0ZOVmEtcVowTWZnY04xbTdWM3BqQVpxRGlYanFoMTZKZkFfRGRWakhRdEt6Y196eEJtdkxSVV9SdFdfM0VzcGl1dnNj?oc=5) · The Anniston Star
- 2024-01-13 [Suspect in Sylacauga credit union robbery arrested in Mississippi - WVTM](https://news.google.com/rss/articles/CBMipwFBVV95cUxNU1poREpOZ1RHU3FONkxkcE84N3FiMFBlUmNRSFhGVGpFLTF0VjZ3aGhhbHFBTXhCb09QRG5DNVljRVRRNUNCcUIxRVMweHMydGNWZVg1anV1TnA1SVBrYy1pWGNIcU5VSDNYNVVCUDV2aUttc3hzRkh4NUNtYm9LMGVtdzlBVlI3Y25JMk5GMld0Tjl6bnRidHBVZjNmeUN1Znd0NFlVUQ?oc=5) · WVTM

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=68586 (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/42.json (key "68586", 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=68586
- 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