# ALABAMA RURAL ELECTRIC
MONTGOMERY, AL · NCUA charter 68624 · asset band <$50M · latest filing 2020-06 · stopped filing after 2020-06 (departed; for a credit union that is almost always a merger)
Share link (named URL with a preview card): https://getbookiq.com/cu/alabama-rural-electric-68624

Who the members are: state charter, organized 1969, low-income designated. 3,735 members of 6,000 potential (62.3% of the field); checking penetration 41% (share draft accounts per 100 members); loans per 100 members 92.

**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 | $48.6M |
| Members | 3,735 (1.3% YoY) |
| Full-time staff | 9 |
| Net worth | $2.5M |
| Net worth ratio | 5.2% (p1 of band) |
| ROA (annualized) | -7.14% (p1 of band) |
| Total delinquency | 0.71% (p53 of band) |
| Net charge-offs (annualized) | 0.06% (p42 of band) |
| Loans / shares | 62% (p62 of band) |
| Cash / assets | 28.0% |
| Borrowings / assets | 0.00% |
| Net interest margin | -2.10% (p0 of band) |
| Operating expense / assets | 4.56% (p83 of band) |
| Vehicles % of loans | 73% (p77 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 0% |
| Third-party paper % of net worth | 0% (p45 of band) |
| Vehicle delinquency | 0.40% (p51 of band) |
| Vehicle NCO | 0.08% (p61 of band) |
| Repossessed % of vehicle book | 0.00% (p45 of band) |
| Real estate % of loans | 7% |
| Credit cards % of loans | 3% |
| Unsecured % of loans | 10% |
| Commercial % of net worth | 2% |
| Core shares % of member funds | 37% |
| Certificates % of member funds | 33% |
| Average share balance | $5,185 |
| Participations bought / yr | $0 |
| Participations sold / yr | $0 |
| Participations outstanding | – |
| Loans outstanding per 100 members | 92% |
| Loans granted per 100 members, annualized | 26% |
| Average loan balance | $6,963 |
| Loans granted, annualized | $9.7M |

## Flags firing in the latest filing

- **thin capital** (`cap_low`)
- **capital below 7%** (`cap_critical`)
- **net worth falling** (`cap_falling`)
- **losing money** (`earn_negative`)
- **margin squeeze** (`earn_nim_squeeze`)
- **auto monoline** (`str_vehicle`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 1 | auto monoline |  |
| 2016-06 | 1 |  |  |
| 2016-09 | 1 |  |  |
| 2016-12 | 1 |  |  |
| 2017-03 | 1 |  |  |
| 2017-06 | 2 | delinquency rising |  |
| 2017-09 | 2 |  |  |
| 2017-12 | 2 |  |  |
| 2018-03 | 1 |  | delinquency rising |
| 2018-06 | 2 | net worth falling |  |
| 2018-09 | 1 |  | net worth falling |
| 2018-12 | 1 |  |  |
| 2019-03 | 1 |  |  |
| 2019-06 | 1 |  |  |
| 2019-09 | 1 |  |  |
| 2019-12 | 1 |  |  |
| 2020-03 | 2 | margin squeeze |  |
| 2020-06 | 7 | thin capital, capital below 7%, net worth falling, losing money |  |

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

- 2023-06-16 [Alabama ONE Takes Home 2022 Credit Union of the Year Award - Tuscaloosa Thread](https://news.google.com/rss/articles/CBMikgFBVV95cUxNVHk2Rk5XUEN2ZjlKYzFYNTdFYWRIRm1zNlltdTVpZnBvY3Z6SjlaNzhHRWJ5LWFGc2RNcHNKR0pua2dQZjhMaHcyQlhISWFWclIyRHdBYXB4Q0x2OWRQSG5jeDU1RTF5MDRpM3BqdE5OX2s3OFJEbUpZUFlkeC1NWk95NWdUWERIaTRzUGgwSFZhQQ?oc=5) · Tuscaloosa Thread
- 2021-12-28 [Alabama One emerges back from the brink - Business Alabama Magazine](https://news.google.com/rss/articles/CBMid0FVX3lxTE1IazUydmNPRUNVOWwydkhDczFhM1JiNkpnTk9DeXUtV20tN19fbTJRd0VpSHllWUdrMWxXcTZhNl85RC11UXRPZjdNRkNMc2JmLTRyREJWQk9ZalN1b01vRHA5VXpOTHhVSlY2RkFkeXNfTXpxcjdJ?oc=5) · Business Alabama Magazine
- 2020-04-01 [Members approve credit union merger in Alabama - American Banker](https://news.google.com/rss/articles/CBMimwFBVV95cUxPOGY2bVpVUFpJWFhqbmJkV3hqaGJELVBPM1hhMUZaUWxXUkVuMkRmQWNJcmVfM1huN0JtVjJvZjJ4eWJHaUNLQXpXeHptZVhoSGYyaHRRSHNCX25Wek14ZjRvRnYzNno0RUhpZTJyaXRITW90c1NqSFVmY3FFWFJkRUhvcVdyR09YRm8tbTlGOTN2T3M4czRxbVBFYw?oc=5) · American Banker
- 2024-07-25 [Alabama ONE Credit Union names new CEO - The Business Journals](https://news.google.com/rss/articles/CBMikgFBVV95cUxOcVRXQ2Q3UWRZdDZUS0NKMHpPMzVNVk0tVjhjRXdHREd3NDNCaVBjM2Z1U04ycXRIVzhZQzNOSXFvSkhqVDI0YkhOOURrZFlMekJqanNuUEpOZS1fZ1daX1JVY1I2S1kweDdWaFA1TG9mY0k2aFRXT01DbDM4dTRydkVWWkxLdUxqQWtNbHFXQUJ6dw?oc=5) · The Business Journals
- 2026-06-03 [Alabama ONE Celebrates 75 Years with Southside Branch Grand Opening - weisradio.com](https://news.google.com/rss/articles/CBMiowFBVV95cUxQeFhkSkZ0UFVTS3dHenNseGo0eGV6ZzY5VHBZVHNGNmxVeXIxRWxNdEotNmZZMnZRT0oxN20yWUhoSXBQQTF2WGFXWGtIbTJ4eVlwVkFIYVByZS12dndzdEI1VF9sYWRJWXVQdlhjdV91UWRTUlpFX2ZMbnNpSVo4TlR1UlEwaXZuSGU1M19QbV9fUTV4bTkzaWU2cW9mbV93QnVz?oc=5) · weisradio.com
- 2024-03-13 [Alabama One taking applications for college scholarships - wvua23.com](https://news.google.com/rss/articles/CBMi1wFBVV95cUxPS0l6MWdyUzVFbE8xSFBMWXhvR19GTUtuaXBWTkRjQWtiLVBTN1pIb1ExMjA3eC1va0FDYWVLaTZBYk1IYmNXc2NINDZIR3JQR1dqQ0VDRXlFbTdabzlVOHBrMEc3U25fMU5HZVpWeGV6TmQtNmtvdlVXeTV1eFZPVkY2a0ZBWTNrTjZGOVJ4WWd5YTVvX1BtbzhTWTRvUDU5OG1pTG1HTkI4dGVjWmF5dlhXNUt4cXB3bnR0SG9iTlBHU1F2VG9UUlJYM215TEhXUnVwRG1SWQ?oc=5) · wvua23.com
- 2021-07-14 [Alabama ONE Credit Union Delivers Products and Resources That Promote Financial Wellness - BadCredit.org](https://news.google.com/rss/articles/CBMijAFBVV95cUxPLTFoaW9teU1abEtIcVBlUnlUd2dITzhaRFNvRGk2c0xKdzQyMTdJOXdSU1h5ZW9uSFJsYkFtUWtjZF9yVFg0UWhubUYzTEJVTTJ4UlI1UUt6cWVkeWk3QkotaXR3ZXVtZW8tclB2Vzl2R254WEVuN1lGNEpCRl81WjQ4b3N2TmRMcDRUNtIBkgFBVV95cUxPTjRrWXlDNmVnNkRaVHBYeHpERnpVLWtfeDVUN2Y4dmVpTjBURnBpcEJ4NU1ud1JmOEZTRE80Wmt2WE9DVVpqYlkwTjNWWkExXzRpLUMtbWlYR0dheGpNZzF1aENhNjNDdWlxbVJ6Q3M4RXZ3ekttUzVEUm04czFONTM2by1BUFhscDU2NEtHNHFxQQ?oc=5) · BadCredit.org
- 2026-06-30 [Alabama ONE Credit Union Responds to Closure of BFGoodrich Tire Plant in Tuscaloosa, Reaffirms Commitment to West Alabama - WEIS | Local & Area News, Sports, & Weather - weisradio.com](https://news.google.com/rss/articles/CBMi6gFBVV95cUxNU05VNXVQbmJwdUhBTTFRSGhkTUh3bUlkS09lc0cyMGczLXhQTUNJcDJfWnJzdEp1bzJEYm5wcmNkZFB3V3VKTDBfelk4M0o1SXNIUjRSWkdoSkRtTmdpbGpoSDJVMHNaREhPcVl3LUh5eWU5Mk1FU1dubldEWXZVbXozU1F5RFNWdXNfYkVOMVlxa2hpTGZZa1VDQ1VzbmpiYXVrbWtIcjFzNUQwNnRadUtUV1g5a3NJMTFKcDRmNDNyZjJmYzdOemkycVAzeHI3Z2RtUkUyVjlqR2xLb19MZW5Ecl9JcXk1OUE?oc=5) · weisradio.com

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=68624 (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/16.json (key "68624", 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=68624
- 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.

---
Rendered 2026-09-10 from the desks' own data files. Full guide: https://getbookiq.com/guide