# PROMISE
Houston, TX · NCUA charter 68592 · asset band <$50M · latest filing 2018-09 · stopped filing after 2018-09 (departed; for a credit union that is almost always a merger)
Share link (named URL with a preview card): https://getbookiq.com/cu/promise-68592

Who the members are: state charter, organized 2008, low-income designated. 2,251 members of 150,000 potential (1.5% of the field); checking penetration 15% (share draft accounts per 100 members); loans per 100 members 13.

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

## What the filing shows

| Measure | Value |
|---|---|
| Total assets | $4.5M |
| Members | 2,251 (-6.4% YoY) |
| Full-time staff | 3 |
| Net worth | $696,550 |
| Net worth ratio | 15.6% (p66 of band) |
| ROA (annualized) | 2.92% (p99 of band) |
| Total delinquency | 0.70% (p47 of band) |
| Net charge-offs (annualized) | 2.93% (p96 of band) |
| Loans / shares | 55% (p44 of band) |
| Cash / assets | 29.0% |
| Borrowings / assets | 6.73% |
| Net interest margin | 4.72% (p89 of band) |
| Operating expense / assets | 12.24% (p99 of band) |
| Vehicles % of loans | 94% (p99 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 0% |
| Third-party paper % of net worth | 0% (p45 of band) |
| Vehicle delinquency | 0.74% (p56 of band) |
| Vehicle NCO | 5.72% (p99 of band) |
| Repossessed % of vehicle book | 0.00% (p45 of band) |
| Real estate % of loans | 0% |
| Credit cards % of loans | 0% |
| Unsecured % of loans | 5% |
| Commercial % of net worth | 0% |
| Core shares % of member funds | 87% |
| Certificates % of member funds | 6% |
| Average share balance | $1,196 |
| Participations bought / yr | $0 |
| Participations sold / yr | $0 |
| Participations outstanding | – |
| Loans outstanding per 100 members | 13% |
| Loans granted per 100 members, annualized | 7% |
| Average loan balance | $7,035 |
| Loans granted, annualized | $800,149 |

## Flags firing in the latest filing

- **expense trap** (`earn_opex`)
- **margin squeeze** (`earn_nim_squeeze`)
- **charge-offs p90** (`aq_nco_high`)
- **members leaving** (`shrink_members`)
- **loan book shrinking** (`shrink_loans`)
- **leaning on borrowings** (`str_borrowings`)
- **auto monoline** (`str_vehicle`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 4 | losing money, expense trap, leaning on borrowings, auto monoline |  |
| 2016-06 | 5 | delinquency 2x band, charge-offs p90 | losing money |
| 2016-09 | 5 |  |  |
| 2016-12 | 5 | loans>95% of shares | charge-offs p90 |
| 2017-03 | 8 | losing money, delinquency rising, assets shrinking, loan book shrinking | loans>95% of shares |
| 2017-06 | 10 | net worth falling, charge-offs p90, members leaving | delinquency rising |
| 2017-09 | 11 | margin squeeze |  |
| 2017-12 | 10 |  | net worth falling |
| 2018-03 | 8 |  | delinquency 2x band, losing money |
| 2018-06 | 6 |  | assets shrinking, members leaving |
| 2018-09 | 7 | members leaving |  |

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

- 2026-08-25 [&Barr unleashes latest chapter of Space Coast Credit Union's Watchdog advertising campaign - The National Law Review](https://news.google.com/rss/articles/CBMitwFBVV95cUxOQWFGQUpNck9KcU5laWtqU25nMC1td3dnWFBGNWdSN0N5RTNRT0FFZjktZ0NpbXFtbWZjTDZPdjNZeWo5V0lKWW16eDUzdU1rczRvWWlLd3JkaVdRdXI2ald0VTdVVU8yelRUU202UWdXQ2J3UnUwdExZWHQ3UTlCQzVuUVdXS1RtVWswWEVXbGlIUnFLM1pCUnVZR2pGMVQ3UkdydktMY3hBcDA5T0xycG13YVE5Yk0?oc=5) · The National Law Review
- 2026-03-17 [Video What happened inside Texas bank during robbery - ABC News - Breaking News, Latest News and Videos](https://news.google.com/rss/articles/CBMiS0FVX3lxTE9nY3gtMmgySXl4YzNNdWtyQ3RHUWFONUd3LTdJai1HMmdUc1RzbDBKUEQ4RFFsSGU4akNnLU5zR3NxeTJLdnZ1ZjVBZw?oc=5) · ABC News - Breaking News, Latest News and Videos
- 2026-07-14 [John Mellencamp Kicks Off Greatest Hits Tour, Living Up to Its Promise - Consequence of Sound](https://news.google.com/rss/articles/CBMigwFBVV95cUxPU2FEQ1h1OUU0NnRPMEdVc2RXbFQzWHU2c0VrcGdyQWdabXQ1QTNEa1dvb1BFUkFWZ2p5RmZvLURSUXJJYkVSWnJSaVdNMUUzbExyU3dNUVJ1NG9tSjVUQWY1RW5lVU93b1owQ2hYSC1RMGdHdGptdkw2WlY1bC1tc0N6RQ?oc=5) · Consequence of Sound
- 2025-11-18 [Catalyst Expands FedNow Instant Payments, RTP Real-Time Payments and P2P Payments Reach for Trailhead Credit Union - Newswire.com](https://news.google.com/rss/articles/CBMiqgFBVV95cUxPTTJ2NnBnTkFWNzJPcVhNMnRKenctVlRIank0ajJjemdtZzJZUzZLOENqX2dhTExMRG5qRGg0elE5TGRXTHcyS0ZWUm0zaE1GMS1qVE5tNXVvX3I1TGpURmVfVVc1M2dBeGFyTGY0ZldLN19rdHduR1ZRbXdicmhVVzhqRjJYcGYzUmJKT1J2a0t6SWJENmZhbzJhSUpNSmhkc2dtWFo4V2dhQQ?oc=5) · Newswire.com
- 2023-10-04 [International Organization Honors City Efforts with Promise Zone and Bridge to Home - Inside San Diego](https://news.google.com/rss/articles/CBMiqgFBVV95cUxNT05NMDUxZURya3luekU1S3poYnpOa2lRbWhKWVBzLUV3Q0RDT0RDVjdpOWM0am9sZjJCblllLTByMjdUSmUtbnpkRXR0a0F6dTctbUhaODJ4R3RtRTNPdE9ZZ3V6ZmtzTEVVTUVNck5XR3d1TE1USi1Qc2pYZllOdTNqRUtKbWViM21vd2VsdmRTY0FySFhKaUlmZmc4dmY0WGo4dHRSc2VXZw?oc=5) · Inside San Diego
- 2025-11-09 [5 Things to Know About the PenFed Promise Visa Card - NerdWallet](https://news.google.com/rss/articles/CBMidkFVX3lxTE85eVJ6c05UMEh6R2tFOFNpM1R4RVg1RnY2S2hLYXF6dWZVazBiZlViU183VXoyWndiblBCcnFKN3ozcldMTFhSY3ptMnp0VGFGNGNsLVpaZ2pKNERuUk5lRjNIalZrN3ZBdklGbHVlc0ZOQUprdlE?oc=5) · NerdWallet
- 2025-10-01 [The federal government has shut down. Here’s what it means for Texas - The Texas Tribune](https://news.google.com/rss/articles/CBMioAFBVV95cUxON19SVlhhdjg1OWR1Q3pVV255TWlQa2JibV82eUZHRlpJVkJsQ1MwLVE3Tno1U3RseFdWQVJ6M2xRZkdEamZQRVo5REFMV3FKdTZLMUNadEdqc3pFeE95c0stRnFETjJsLVlEUml0dlh1VEI4R2dGZHZqTnBJYl9KWEF6NzVvN0ZMeFZFX1daTmh1MlMzYUt0c0MtZmhnaUZ4?oc=5) · The Texas Tribune
- 2025-09-18 [‘As good as it gets.’ This 12-month CD pays up to 5.11% APY — plus more on the 10 highest yielding 1-year accounts of September 2025 - MarketWatch](https://news.google.com/rss/articles/CBMi_wFBVV95cUxPMG5PenJfRlJ5X2pLLUZIT0dkR1o5eGhONkI2dUZaYUpQNUtMNXRXeFRxUS1naE1DUVY0eGhsMWJlOUtnWjFteWVJQlRSbHFsSUV1eTh3TGtPQlpCZUpUeW9CUFVuOHhTdkhGOE1DNll2eElHUzFWS0dzYmU2amhkYk9mem9mb243dHdOcnZ0eHd1N3N0MkpPVGN4MTl2eV9IdURZY09YaXhnM1U5UldtaVIwbDBaVHZ3MUN3M3pBMnFkd0RCbFZ6QktUaEgtQmlwQURvd0cyLUVSbnhnai1yY2xHMDNvcW9GeGZYRkFHT0ZhbkJvQnBTM1NPRURCRFU?oc=5) · MarketWatch

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=68592 (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/48.json (key "68592", 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=68592
- 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