# NUTMEG STATE FINANCIAL
Rocky Hill, CT · NCUA charter 68657 · asset band $500M-1B · latest filing 2026-03 · live
Share link (named URL with a preview card): https://getbookiq.com/cu/nutmeg-state-financial-68657

Who the members are: state charter, organized 1935. 66,654 members of 2,246,000 potential (3.0% of the field); checking penetration 43% (share draft accounts per 100 members); loans per 100 members 42.

**Verdict on the desk:** this could be *indirect buyer*. Composite score 2 of 18 (one point per flag across 17 flags, capital below 7% counted twice).

## What the filing shows

| Measure | Value |
|---|---|
| Total assets | $885.2M |
| Members | 66,654 (23.3% YoY) |
| Full-time staff | 135 |
| Net worth | $108.0M |
| Net worth ratio | 12.2% (p74 of band) |
| ROA (annualized) | 0.50% (p41 of band) |
| Total delinquency | 0.71% (p63 of band) |
| Net charge-offs (annualized) | 0.33% (p42 of band) |
| Loans / shares | 92% (p85 of band) |
| Cash / assets | 4.5% |
| Borrowings / assets | 1.89% |
| Net interest margin | 4.01% (p86 of band) |
| Operating expense / assets | 3.76% (p61 of band) |
| Vehicles % of loans | 29% (p52 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 66% |
| Third-party paper % of net worth | 129% (p58 of band) |
| Vehicle delinquency | 1.35% (p87 of band) |
| Vehicle NCO | 1.22% (p65 of band) |
| Repossessed % of vehicle book | 0.00% (p18 of band) |
| Real estate % of loans | 58% |
| Credit cards % of loans | 0% |
| Unsecured % of loans | 5% |
| Commercial % of net worth | 53% |
| Core shares % of member funds | 51% |
| Certificates % of member funds | 29% |
| Average share balance | $6,515 |
| Participations bought / yr | $0 |
| Participations sold / yr | $0 |
| Participations outstanding | $7.7M |
| Loans outstanding per 100 members | 42% |
| Loans granted per 100 members, annualized | 6% |
| Average loan balance | $24,970 |
| Loans granted, annualized | $199.2M |

## Participation posture (from the same filings)

Bought $0 and sold $0 in the latest annualized quarter; $7.7M outstanding purchased (7.2% of net worth), $146,801 sold and retained. Sold in 4 and bought in 0 of the last 8 quarters. Shares 27.3% year over year.

## Flags firing in the latest filing

- **delinquency rising** (`aq_dq_rising`)
- **3rd-party paper>100% NW** (`str_thirdparty`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 1 | 3rd-party paper>100% NW |  |
| 2016-06 | 1 |  |  |
| 2016-09 | 1 |  |  |
| 2016-12 | 2 | loans>95% of shares |  |
| 2017-03 | 1 |  | loans>95% of shares |
| 2017-06 | 1 |  |  |
| 2017-09 | 1 |  |  |
| 2017-12 | 0 |  | 3rd-party paper>100% NW |
| 2018-03 | 2 | delinquency rising, members leaving |  |
| 2018-06 | 3 | net worth falling, loans>95% of shares | delinquency rising |
| 2018-09 | 3 |  |  |
| 2018-12 | 1 |  | members leaving, net worth falling |
| 2019-03 | 1 |  |  |
| 2019-06 | 1 |  |  |
| 2019-09 | 1 |  |  |
| 2019-12 | 1 |  |  |
| 2020-03 | 2 | losing money, margin squeeze | loans>95% of shares |
| 2020-06 | 3 | net worth falling |  |
| 2020-09 | 2 |  | net worth falling |
| 2020-12 | 3 | expense trap |  |
| 2021-03 | 2 | net worth falling | losing money, margin squeeze |
| 2021-06 | 2 |  |  |
| 2021-09 | 1 |  | net worth falling |
| 2021-12 | 1 |  |  |
| 2022-03 | 1 |  |  |
| 2022-06 | 1 |  |  |
| 2022-09 | 1 |  |  |
| 2022-12 | 1 |  |  |
| 2023-03 | 1 |  |  |
| 2023-06 | 1 |  |  |
| 2023-09 | 1 |  |  |
| 2023-12 | 1 | net worth falling | expense trap |
| 2024-03 | 1 |  |  |
| 2024-06 | 5 | losing money, margin squeeze, delinquency rising, 3rd-party paper>100% NW |  |
| 2024-09 | 0 |  | net worth falling, losing money, margin squeeze, delinquency rising, 3rd-party paper>100% NW |
| 2024-12 | 1 | 3rd-party paper>100% NW |  |
| 2025-03 | 3 | net worth falling, loans>95% of shares |  |
| 2025-06 | 2 |  | net worth falling |
| 2025-09 | 3 | delinquency rising |  |
| 2025-12 | 3 | net worth falling | loans>95% of shares |
| 2026-03 | 2 |  | net worth falling |

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

- 2026-06-04 [Nutmeg State Financial Credit Union seeks return to federal charter to push growth beyond CT - Hartford Business Journal](https://news.google.com/rss/articles/CBMi4wFBVV95cUxOZXJLVnd6VVhZeUlkYjhzRExEeGZsS0NPdWxoQnM4a2FQakRmaFFNWVNpS25McDNHdnp5VjJIVEt5QWRIcVNmQlc4ZHZvWlVoZlZQelAwMnRIVkdaU3kzWTI1QWd5b0JlUjZZN3lhb1hWSkloc3czWE5tQlo1bi1KemxLNzhtcVN5Z3l6b1ZlcGNSbV9oTEgwLU1iSVdGaWhwTmJBRnBlcDBnendDbGtxMGxuaGRyZEYwcWlHR3NBVThHclJnalFHR015ajFyWndEMnJKdHNweGRFQ3VveFQ4N0pMWQ?oc=5) · Hartford Business Journal
- 2026-04-15 [CT LIVE: Nutmeg State Financial Credit Union's Merge with Crosspoint - nbcconnecticut.com](https://news.google.com/rss/articles/CBMizwFBVV95cUxNUE1nUzJ3Vm9vdVFJWGxpMlUtOWc0WmRPWVRoazYwMFlJbkhMY3N6R1pFNEhrRlVkLTdIZ0ZqcTV5dnBQZzlaYy03MjdRbXVJNEpGeW56LUlDbWt4TUdUOG91SjRGMkYtRUw3bHd0WGthWjRxcHBqVlBnUmFraGE2cldDaTJ4aF9mc0xsMmZLcHR5RF9jNXNsMmRqbG55ejBaVHo4aEZTblBwM1dKQlI5R21qYm9jUzVaZW5oR0ZlZXpkbnM1TDY3S1lxa2lUUW_SAdcBQVVfeXFMUGpzNTNMMjU0UjhRWmM5RmtGT2RiWW5MaUROalFvN1VYVG92RWxxQnlQMXlLSFZoMUFDU3lTR1o1SkYtZF9RbzhENUR6UXJTNmgwVXdaQVZKYmJyWEllOWRCVXVPbzU0aEowd3VRT2xWYnNQT2I2ZFp2SlFEM1I5S2I1Y2NtaU9Id3NDQXQwVzVwdHpJUVFyUnlkdmJybGZTY1ktenprNmYwdmlrREc2STNSUURpM0FDRDZvODVnaDE1YWd4bVlMMjZEMUluZGVUcGpfSTVOcXc?oc=5) · nbcconnecticut.com
- 2026-05-05 [Sponsored Content: Nutmeg State Financial Credit Union finalizing merger, opening new Hamden branch - WTNH.com](https://news.google.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?oc=5) · WTNH.com
- 2025-12-01 [Connecticut credit unions with 65,000 members complete merger - ctinsider.com](https://news.google.com/rss/articles/CBMiqgFBVV95cUxNdVptUVVsd3hwanRwbFM2RC00b0pZSnI5N20ySWRnRk5xcXYybjRNYldaUzY4dG9KdW5FRGRpcmE3NHBxZVdTSHdEdjVOODRjMzNvQ3BTcWVueUl4bG1uQlBhakVrOUkyQlFGNnQxZjJ4Z2R1M2VvTVYwajY3NkpxblV4aHpPX1dNQm1hY0VoOE9uS3NIVExtSy1iQTlWalBLdERZSTlodjQ4UQ?oc=5) · ctinsider.com
- 2026-02-04 [Nutmeg State Financial Credit Union to move Hamden branch after merger - Hartford Business Journal](https://news.google.com/rss/articles/CBMirAFBVV95cUxPeU9rbFhCc1AzVktiWDk3bXdSck9Mb05EQXVRRTc3b0JFRzZZMjFLRG0zYUNsQmVwVUNwS0lPSU1tRnU2clBtblNmVm9MT0lqeWpwSnpuNmVCeGhtYmJYRUk2TDhVblIyR2RFM0MtWUxuOFYwcGJSTXdiTzB3cDNkdXVHeWc5ejJnQmFBbzNCbGE0bGpoZlEySXJEc3RDUGg3ZTgwNkxkWVVNX0o2?oc=5) · Hartford Business Journal
- 2025-10-25 [Glastonbury police seek help identifying who attempted to rob credit union ATM - fox61.com](https://news.google.com/rss/articles/CBMikgJBVV95cUxOWUpTU1ZTWTI1VkY1MU1UNG12OURXbkhESFpLNktuVlU2ZUFWNTNHYlRCUHpXMS1lNlRPR2FjNzdWb0Jra0tDaDJLS1RybGtuUmEwdXB3VGJ1SzJqV1NSb09zTDBwUnB5QzZqWHUtVFJBU1IzZ2Vtb3I3dERYVWo1OFdsREctWko2SlJCVVRqeFpGTnREYk02RXpUc1dzWG9qQ2JqX0d2RkU3RmpwOVZSTG5ab0g1R0FUYUdjRHZsdVFnZlRfUkdHVWVCQXBUSmRhclUyYTZRTkdqZDduVkNOUzVBT3ZsZVZmRXRIZ2ZUbzdMYlFBMTZ4VkdtQVhyQ0UwRmM0MnAyMWlrbmg2WUNwT0FR?oc=5) · fox61.com
- 2025-10-25 [Police ask for help with investigation of attempted ATM theft in Glastonbury - wfsb.com](https://news.google.com/rss/articles/CBMioAFBVV95cUxPYmlfVDdFYVl5cTc1cmkzSi11T3ZnSlZMYXNocGo2OVdCR0l3ZXliSU5pRXBMektYWi1Vb0xvZGRuMjdlUjlPTzdQc1BGTy05NFRqZjhlRXFYRXVpUVpMYlozUEs1WFh0ME15bFEzRmM4VGk3T3BzTWNnckhZY1B5Y0k5ODdLa2t4Tm00SXRHWVBEOHg5VGtUam01OHg4TExH0gG0AUFVX3lxTE1uUVRlY1BiajlLSnY0akNqVHk2dmJWY2ExQThUcm1IOEZiWFA1cXU1UHlTaGlXT2ViMVdKYkViUUowVnpkbnJ2ekxVLW9CanpxSXY1b2xLUlk4QTlJR2kxLVNkd0gwZVdVMXRqRkd5UEVpWUh1T0RiZm1yeGJJdTJXXzU5aGRMMjhyNUVzMmFWcnoyWWp3QThDek1YQ0pQM3NmMzdKb05taU52bGZmbnR4OTItbw?oc=5) · wfsb.com
- 2018-06-07 [DMV Teams Up With Nutmeg Credit Union To Offer Express Service - CT News Junkie](https://news.google.com/rss/articles/CBMirAFBVV95cUxQQXBiU0RhRl9UYWpZR1haZjZxX0VMZjNqR3BKUjRmcnFZbS1LWjZZMnVKNjE5eXd5dlZJdzhmblZYdUxCY0lKbk5pZms4ekpKaU9aZTV4MDRDSEYtWHd4dm01UDBYUEhKYnBHZm5aWmo4S0cxMXJNdVhLNldrc2xrQTJVdzNXa3VDTk8tU2lrc1YzekhpTHcxWjRxZHVIZHNtejZMaUFKWEdQX213?oc=5) · CT News Junkie

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=68657 (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/49.json (key "68657", 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=68657
- 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