# ASSOCIATED SCHOOL EMPLOYEES
Youngstown, OH · NCUA charter 68587 · asset band $200-500M · latest filing 2026-03 · live
Share link (named URL with a preview card): https://getbookiq.com/cu/associated-school-employees-68587

Who the members are: state charter, organized 1958. 15,478 members of 531,794 potential (2.9% of the field); checking penetration 37% (share draft accounts per 100 members); loans per 100 members 57.

**Verdict on the desk:** this could be *auto monoline*. 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 | $220.2M |
| Members | 15,478 (5.1% YoY) |
| Full-time staff | 31 |
| Net worth | $22.1M |
| Net worth ratio | 10.1% (p30 of band) |
| ROA (annualized) | 1.12% (p78 of band) |
| Total delinquency | 0.39% (p29 of band) |
| Net charge-offs (annualized) | 0.13% (p19 of band) |
| Loans / shares | 96% (p96 of band) |
| Cash / assets | 3.8% |
| Borrowings / assets | 0.00% |
| Net interest margin | 3.22% (p27 of band) |
| Operating expense / assets | 2.62% (p15 of band) |
| Vehicles % of loans | 80% (p99 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 97% |
| Third-party paper % of net worth | 665% (p100 of band) |
| Vehicle delinquency | 0.48% (p44 of band) |
| Vehicle NCO | 0.17% (p18 of band) |
| Repossessed % of vehicle book | 0.00% (p25 of band) |
| Real estate % of loans | 18% |
| Credit cards % of loans | 1% |
| Unsecured % of loans | 1% |
| Commercial % of net worth | 0% |
| Core shares % of member funds | 55% |
| Certificates % of member funds | 32% |
| Average share balance | $9,130 |
| Participations bought / yr | $0 |
| Participations sold / yr | $6.5M |
| Participations outstanding | $0 |
| Loans outstanding per 100 members | 57% |
| Loans granted per 100 members, annualized | 16% |
| Average loan balance | $21,429 |
| Loans granted, annualized | $88.2M |

## Participation posture (from the same filings)

Bought $0 and sold $6.5M in the latest annualized quarter; $0 outstanding purchased (0.0% of net worth), $180,496 sold and retained. Sold in 3 and bought in 0 of the last 8 quarters. Shares 10.0% year over year.

## Flags firing in the latest filing

- **loans>95% of shares** (`str_ltos`)
- **3rd-party paper>100% NW** (`str_thirdparty`)
- **auto monoline** (`str_vehicle`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 1 | delinquency 2x band |  |
| 2016-06 | 2 | 3rd-party paper>100% NW |  |
| 2016-09 | 2 |  |  |
| 2016-12 | 2 | losing money | delinquency 2x band |
| 2017-03 | 4 | net worth falling, members leaving |  |
| 2017-06 | 2 |  | net worth falling, members leaving |
| 2017-09 | 1 |  | losing money |
| 2017-12 | 2 | members leaving |  |
| 2018-03 | 1 |  | members leaving |
| 2018-06 | 1 |  |  |
| 2018-09 | 1 |  |  |
| 2018-12 | 1 |  |  |
| 2019-03 | 1 |  |  |
| 2019-06 | 1 |  |  |
| 2019-09 | 1 |  |  |
| 2019-12 | 1 |  |  |
| 2020-03 | 1 |  |  |
| 2020-06 | 2 | net worth falling |  |
| 2020-09 | 3 | margin squeeze |  |
| 2020-12 | 3 |  |  |
| 2021-03 | 3 |  |  |
| 2021-06 | 3 | delinquency rising | margin squeeze |
| 2021-09 | 3 | loan book shrinking | net worth falling |
| 2021-12 | 1 |  | delinquency rising, loan book shrinking |
| 2022-03 | 3 | net worth falling, members leaving |  |
| 2022-06 | 2 |  | net worth falling |
| 2022-09 | 2 | margin squeeze | members leaving |
| 2022-12 | 2 | net worth falling | margin squeeze |
| 2023-03 | 2 | auto monoline | net worth falling |
| 2023-06 | 2 |  |  |
| 2023-09 | 3 | delinquency rising |  |
| 2023-12 | 3 |  |  |
| 2024-03 | 3 |  |  |
| 2024-06 | 3 |  |  |
| 2024-09 | 2 |  | delinquency rising |
| 2024-12 | 2 |  |  |
| 2025-03 | 3 | net worth falling |  |
| 2025-06 | 2 |  | net worth falling |
| 2025-09 | 3 | loans>95% of shares |  |
| 2025-12 | 3 |  |  |
| 2026-03 | 3 |  |  |

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

- 2025-10-21 [Local Pride Drives Credit Union Growth - Business Journal Daily](https://news.google.com/rss/articles/CBMifEFVX3lxTE1SNkhNOFhLWkMwdmxpc0tWNzNvdDlUNW1CcTJlc2lKcDNvSS1rcFpiMWFLTlNzclVlR3NxNVRjU05iTFJYZ0JZUUJqSFotUjgxNy1rSHNma2N2Sy1YVW50X21hM01ZUTRWWk9uRTZDVjY4R1JxRVduNUF6T0c?oc=5) · Business Journal Daily
- 2026-02-19 [Luanne Goodman Obituary May 16, 2020 - higgins-reardon.com](https://news.google.com/rss/articles/CBMiaEFVX3lxTE5YMnRuNl9hSkNrV2Njdmt6d2NYNHZvUGkwVnp2aG1yOUw3VHlFa1Bvd3hiNjRGVzZhd3dyZDVlUjNMODFQZmJfNzhMV25MUHpMMHVSU0lSQXJ4ME02b1Flc25NT0d2dzVt?oc=5) · higgins-reardon.com
- 2018-12-03 [Credit unions brace for fallout from General Motors layoffs - americanbanker.com](https://news.google.com/rss/articles/CBMirAFBVV95cUxORGs5bmhKVFdjTjRST0Z3QXpvdnYydC1mdGFDTHVYbG1oOE5Nc1pETFYtZmdScnVxSk55b3lZMjIxQVllRndtS1BaQkVDWF9SNUhGS2dJTEtzTVhSMnllQmp5ZDVPTWdqME8wNXlJd0FEQXRxT3k5S3hIT2lEN2xCcUVwdnNsNkpRd1U1dkJ2Vk1nZUl4M0Zhb1lWRTBZMjJmX1VvVTFJZGlRVmNk?oc=5) · americanbanker.com
- 2025-03-06 [Growth Report 2: ASECU Grows with Innovation and Engagement - Business Journal Daily](https://news.google.com/rss/articles/CBMiggFBVV95cUxNbGk5RmQwdVM0WDVUblpkd3R2dTZhUnBUN05kS3lnVmEyZU9WUVhES2I5ZWNoaFFqWUxEZXoxbDhYbndBMU1IaGlRSGpZT3RYLXBVT1lPNGtDV0l0VUg3NDluRFF0M2FraWh1SWVKd2RtejJCbzhYZHE2ZnVuOXhHVWZ3?oc=5) · Business Journal Daily
- 2021-05-05 [Edison G. Lugibihl 1924-2021 - The Vindicator](https://news.google.com/rss/articles/CBMieEFVX3lxTE15M0dpUFU1M3Y1OEtwcVhzSjZRM0RBN01SWUt6dGxzUGQzaUgtdnhLY2dwQkdGWV9qdFB4Wk5SZTFlZmdjbzdxRWREaDVneU1SZTRGc2x0XzN1MndXS2RLWXVIdjFPcE4tclQ2MEJCaV9IY1JGVVNKZA?oc=5) · The Vindicator
- 2025-08-19 [Katherine “Kay” H. Lugibihl, Columbiana, Ohio - WKBN.com](https://news.google.com/rss/articles/CBMipAFBVV95cUxPTnVtdzhvMUJYUzI4RzhFd3pubkdPQlRpVGUxVlV0dVRnUXl3c0R5SGVmZUdWUWl0TlhES1dmamxUMkhwczRoN2h2ekh5SzRjYWhiLXJlb0Y1eWZMbDB3Z2tzcnkwZUMyaU43ck03ODYxSm9wTDFRTnVIVHlsTnJ0RGEwRGFYWHdtRjZkZ2ctRkxXaGw0OGVPQWVlMnlJcjdvMFdpddIBqgFBVV95cUxQRjQyTWtWNnF5dHg3WVhxZGJISzgtellLZ0NJc2dhc1BUSGVLaVhxd0FWUFlNZWFTeEN4WG1Ga19RRkdQa0NnLUh6cTI2U1k1RHAwSEhXVkpHUUI1aG9BR0Zta3RaeGVxY3NQWUttREttS2RwRlJBVHVmRDhfTHY0ZUoyemlKRlpDWllPUTRvNWNJNTF0WnJNSGJkek1BQnV5VllPWG90V2hHUQ?oc=5) · WKBN.com
- 2021-10-29 [Credit Unions Find Growth Amid Challenges - Business Journal Daily](https://news.google.com/rss/articles/CBMiiwFBVV95cUxQQ1lKYkFtT29UcllCQlJabjJaRzNEM2hGSHp1T2JoTkxJelF4NmMwUURvMGYxdS1ueEU2X2dIZ3kyVmFjV2VKb0N6aUV0OE5YZWF3Q2hvQkhnY0R4OTduUTkwYlhUZUJONlhYbEQxTkcxbFlTY25wWUhFdnNGWG5OTTY2Y1RlOXZiQkRF?oc=5) · Business Journal Daily
- 2026-01-24 [Local Credit Unions, Law Enforcement Address Rising Fraud - Business Journal Daily](https://news.google.com/rss/articles/CBMilAFBVV95cUxPWDZjQjZhUVBZY0RrS2I1LXczanVkM01TSkJ1STlhMW5YMlkzLWdUMS1GQTF3YzFHWm1sRXBQbmY5V09IRFlSQ2ZMN3NyWUhDWW1vTHhVNXktVnR3QUtPMkxXalJ3TV85QmJvUGRta1YzZEpvc09vNEJ6eWpuNGxtMEI3NzVPWjY1VlRhZXlSS3E1UjhS?oc=5) · Business Journal Daily

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=68587 (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/43.json (key "68587", 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=68587
- 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