# FINEX
East Hartford, CT · NCUA charter 68662 · asset band $100-200M · latest filing 2026-03 · live
Share link (named URL with a preview card): https://getbookiq.com/cu/finex-68662

Who the members are: state charter, organized 1938. 16,083 members of 30,000 potential (53.6% of the field); checking penetration 37% (share draft accounts per 100 members); loans per 100 members 34.

**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 | $134.2M |
| Members | 16,083 (-7.3% YoY) |
| Full-time staff | 34 |
| Net worth | $11.6M |
| Net worth ratio | 8.6% (p10 of band) |
| ROA (annualized) | 0.32% (p26 of band) |
| Total delinquency | 1.31% (p83 of band) |
| Net charge-offs (annualized) | 0.52% (p69 of band) |
| Loans / shares | 81% (p73 of band) |
| Cash / assets | 15.4% |
| Borrowings / assets | 0.84% |
| Net interest margin | 4.01% (p71 of band) |
| Operating expense / assets | 6.46% (p99 of band) |
| Vehicles % of loans | 30% (p36 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 42% |
| Third-party paper % of net worth | 103% (p70 of band) |
| Vehicle delinquency | 2.00% (p91 of band) |
| Vehicle NCO | 1.78% (p89 of band) |
| Repossessed % of vehicle book | 0.09% (p78 of band) |
| Real estate % of loans | 65% |
| Credit cards % of loans | 0% |
| Unsecured % of loans | 5% |
| Commercial % of net worth | 0% |
| Core shares % of member funds | 73% |
| Certificates % of member funds | 12% |
| Average share balance | $4,824 |
| Participations bought / yr | $0 |
| Participations sold / yr | $0 |
| Participations outstanding | $845 |
| Loans outstanding per 100 members | 34% |
| Loans granted per 100 members, annualized | 2% |
| Average loan balance | $17,549 |
| Loans granted, annualized | $29.3M |

## Participation posture (from the same filings)

Bought $0 and sold $0 in the latest annualized quarter; $845 outstanding purchased (0.0% of net worth), $2.7M sold and retained. Sold in 0 and bought in 0 of the last 8 quarters. Shares -6.2% year over year.

## Flags firing in the latest filing

- **thin capital** (`cap_low`)
- **net worth falling** (`cap_falling`)
- **expense trap** (`earn_opex`)
- **delinquency 2x band** (`aq_dq_high`)
- **assets shrinking** (`shrink_assets`)
- **members leaving** (`shrink_members`)
- **3rd-party paper>100% NW** (`str_thirdparty`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 4 | thin capital, losing money, expense trap, leaning on borrowings |  |
| 2016-06 | 5 | delinquency 2x band |  |
| 2016-09 | 5 |  |  |
| 2016-12 | 4 |  | losing money |
| 2017-03 | 5 | losing money, members leaving | delinquency 2x band |
| 2017-06 | 6 | net worth falling, delinquency 2x band | members leaving |
| 2017-09 | 4 |  | net worth falling, delinquency 2x band |
| 2017-12 | 3 |  | losing money |
| 2018-03 | 3 |  |  |
| 2018-06 | 5 | net worth falling, delinquency 2x band |  |
| 2018-09 | 5 | delinquency rising | net worth falling |
| 2018-12 | 6 | loans>95% of shares |  |
| 2019-03 | 5 |  | loans>95% of shares |
| 2019-06 | 3 |  | leaning on borrowings, delinquency rising |
| 2019-09 | 4 | leaning on borrowings |  |
| 2019-12 | 2 |  | thin capital, leaning on borrowings |
| 2020-03 | 5 | thin capital, losing money, leaning on borrowings |  |
| 2020-06 | 6 | net worth falling, margin squeeze | losing money |
| 2020-09 | 5 |  | net worth falling |
| 2020-12 | 4 |  | leaning on borrowings |
| 2021-03 | 5 | net worth falling |  |
| 2021-06 | 3 |  | margin squeeze, net worth falling |
| 2021-09 | 2 |  | thin capital |
| 2021-12 | 3 | thin capital |  |
| 2022-03 | 4 | net worth falling |  |
| 2022-06 | 3 | charge-offs p90 | delinquency 2x band, net worth falling |
| 2022-09 | 2 | assets shrinking | thin capital, charge-offs p90 |
| 2022-12 | 1 |  | assets shrinking |
| 2023-03 | 4 | thin capital, net worth falling, leaning on borrowings |  |
| 2023-06 | 4 | delinquency 2x band, delinquency rising | net worth falling, leaning on borrowings |
| 2023-09 | 5 | losing money, 3rd-party paper>100% NW | thin capital |
| 2023-12 | 8 | charge-offs p90, loans>95% of shares, leaning on borrowings |  |
| 2024-03 | 8 | thin capital, net worth falling | loans>95% of shares, leaning on borrowings |
| 2024-06 | 8 |  |  |
| 2024-09 | 8 | assets shrinking, members leaving, loan book shrinking | delinquency rising, thin capital, net worth falling |
| 2024-12 | 8 |  |  |
| 2025-03 | 7 |  | assets shrinking |
| 2025-06 | 8 | net worth falling, assets shrinking | loan book shrinking |
| 2025-09 | 10 | thin capital, loan book shrinking |  |
| 2025-12 | 9 |  | loan book shrinking |
| 2026-03 | 7 |  | losing money, charge-offs p90 |

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

- 2026-05-26 [Wallingford Police Detective Honored For Helping Recover Funds Stolen In Phone Scam - Patch](https://news.google.com/rss/articles/CBMiugFBVV95cUxOWlBLTDZGbEpmNS05eVJjWlVZbWFyYk40eGZMdXJENE95bVZINEZqaC0xbG45RWpjQmlBQ05hV29RcTJtZ0p0Sm83RDB4c0F3dV9CTTRrN0ppYkk5bVAwdjQzZXI0aFlOLTJkNW41OHNqR19yaE9BeTlZeW9xbmlkQXlVRnJyUFBtUjZPRmxZck92QlpWT1d1VzMxemMxZVgxbG1MNFpTbEh0SVdFaWJNTy1fMGgzYTFRcVE?oc=5) · Patch
- 2025-07-14 [Finex Credit Union announces new president & CEO - CUInsight](https://news.google.com/rss/articles/CBMikAFBVV95cUxQUkkwLXhsU1pienF2QUducFpNb3ZMUHBUQllYcDltQ09DQ1gyTGx2ODUwS1Jqb3JXb3FXWEk2cG1UY1d2c3BFTkpocGZXTGEtcUQyTXVoTDlvWnhmNlJnX3N4cWU3TzJzdnVXUnZabEw3bzdxSENYaDdRSGdoUFFQaVZPczhLUmZjRnFWUlQ3T04?oc=5) · CUInsight
- 2025-07-15 [CT credit union taps Massachusetts banker as next CEO - Hartford Business Journal](https://news.google.com/rss/articles/CBMilgFBVV95cUxQTG44c3NaVkc0X2RHMkJyMW1LbmxwOFIydmhWVkhOUHUxQXh0a1FsTFJILUh0MFdaNTlrTTlEU2dTRnRSZUpBX3B5UTMxd29Lb2g1VVZIbGZXYnJ1RDNqMVhPajAwT0VMaFdhQ1NsRGQzZ1ZRT3JuWkJpY2E3ak1GQTI3akFKY3d4WXFCYXBHQm54UTYtYnc?oc=5) · Hartford Business Journal
- 2026-06-02 [See Where Manchester Ranks On Connecticut Home Value Map - Patch](https://news.google.com/rss/articles/CBMimgFBVV95cUxNTTFFZWM5eVhSWmRzRVI1ckotWlRLUVUteWh3NlJPS05lZ1Q3NVBzOWJUcV9HVzlPcDZHYzlTZ0cweXVoMUx1OE80SjZfWklhTmV3YTZac1lQaW9mcDFiV0p6eGZuWC14clQ5OF9SSG5tUFk5X1MyVHpycV9BMzVZWWVqNGcxbm40Qm1MTC0tckdaZlVjMGdqM3RB?oc=5) · Patch
- 2025-12-09 [Qdoba To Open At The Shops At Evergreen Walk, Replacing Former Moe’s - Patch](https://news.google.com/rss/articles/CBMingFBVV95cUxQMGk2bFZtbHlLSDk5Z3ZMaWdMdEtMMXVETFUzM01HMjVJU2RGczJldXFETTdqUjZyNTdfQTE5eEZkaU4yZkIwQ21vbWJRb21naDlKdEhUeFhMTnJ0ekZJVTYwSXEzeS1yZnRzbWFXMXhadG9vY3dSNF82U1p0SlY2VDQ3Uy1reDI2NklKTXd0ajFzUjEwaUxSU09yaDcwQQ?oc=5) · Patch
- 2024-07-26 [The Latest Businesses To Register With The State Out Of Manchester - Patch](https://news.google.com/rss/articles/CBMikgFBVV95cUxOT2ZkNm9NUklNcmlPWkdvVzVDYXhNTDZDdjU5TVdmMjVwTV9aMzRMQnQ3bC02MVd6d0JBYThPRFd5eUFPVTRlTnFWMV8zLTJyM2Y4ajE1ZTl3Ymt3SXZXMng3UFZmVVFBNnZVcmlDajZWXzZzQnVLUXdMR083VWJ6TW1scWdPUDJJN1pvc2lUMHdyUQ?oc=5) · Patch
- 2026-08-24 [One-Way Traffic Planned On Haynes Street During Manchester Paving Work - Patch](https://news.google.com/rss/articles/CBMirAFBVV95cUxQcDU3RUdkajVSaXkta0t3UVhUc3V1SC0zUk1scURwRk1FUmNVeTVBX2RxSmtoTTJDQmtHUUpyQkoySXhVb21rX0gxLWR5TGNOX2tYQjZfSTNZUUdFZ1l3Q19SWnEyblFLOVVrc0VFZ0JDcjN5MEotNXBHOUJHMS1GbUJGUUVlR2tCcWN5a3pyZTFBV1BOVzN4YnBwMGJBNXhYSTNwVFRJUzJmVXF1?oc=5) · Patch
- 2024-11-27 [Several New Businesses Register With State Out Of Manchester - Patch](https://news.google.com/rss/articles/CBMimwFBVV95cUxOcmdpRjRMSEJhaXhwNERwMF9yZ1dOQzFXMjZKX2hrZWg0Z2h1d0Y0T0xkMXlzcHUyMFJ1amUyQkNsQjIyVDVJOWdHZm8zbkhqSnppV1FvTjdUdHZNVS1kbDBKVC1iZWFVdGFacGdKb0dJRGtaSHlMakxfTUVxVm5NUExaTlV1b3d2WUpYenJMb0RUOU50dGVUakJSaw?oc=5) · Patch

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=68662 (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/54.json (key "68662", 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=68662
- 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