# MARSHLAND
Brunswick, GA · NCUA charter 68714 · asset band $200-500M · latest filing 2026-03 · live
Share link (named URL with a preview card): https://getbookiq.com/cu/marshland-68714

Who the members are: state charter, organized 1953, low-income designated. 17,920 members of 831,223 potential (2.2% of the field); checking penetration 56% (share draft accounts per 100 members); loans per 100 members 458.

**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 | $274.4M |
| Members | 17,920 (-0.7% YoY) |
| Full-time staff | 69 |
| Net worth | $23.3M |
| Net worth ratio | 8.5% (p7 of band) |
| ROA (annualized) | 0.51% (p36 of band) |
| Total delinquency | 0.22% (p13 of band) |
| Net charge-offs (annualized) | 0.24% (p33 of band) |
| Loans / shares | 78% (p58 of band) |
| Cash / assets | 8.8% |
| Borrowings / assets | 0.00% |
| Net interest margin | 3.16% (p24 of band) |
| Operating expense / assets | 4.23% (p72 of band) |
| Vehicles % of loans | 42% (p68 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 61% |
| Third-party paper % of net worth | 240% (p86 of band) |
| Vehicle delinquency | 0.17% (p13 of band) |
| Vehicle NCO | 0.53% (p45 of band) |
| Repossessed % of vehicle book | 0.25% (p88 of band) |
| Real estate % of loans | 34% |
| Credit cards % of loans | 2% |
| Unsecured % of loans | 4% |
| Commercial % of net worth | 118% |
| Core shares % of member funds | 54% |
| Certificates % of member funds | 32% |
| Average share balance | $8,012 |
| Participations bought / yr | $0 |
| Participations sold / yr | $0 |
| Participations outstanding | $9.0M |
| Loans outstanding per 100 members | 458% |
| Loans granted per 100 members, annualized | 10% |
| Average loan balance | $2,370 |
| Loans granted, annualized | $88.8M |

## Participation posture (from the same filings)

Bought $0 and sold $0 in the latest annualized quarter; $9.0M outstanding purchased (38.6% of net worth), $0 sold and retained. Sold in 0 and bought in 6 of the last 8 quarters. Shares 6.3% year over year.

## Flags firing in the latest filing

- **thin capital** (`cap_low`)
- **3rd-party paper>100% NW** (`str_thirdparty`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2020-09 | 2 | losing money, leaning on borrowings |  |
| 2020-12 | 1 |  | losing money |
| 2021-03 | 1 | net worth falling | leaning on borrowings |
| 2021-06 | 1 |  |  |
| 2021-09 | 1 |  |  |
| 2021-12 | 1 | margin squeeze | net worth falling |
| 2022-03 | 1 | losing money | margin squeeze |
| 2022-06 | 2 | thin capital, net worth falling | losing money |
| 2022-09 | 0 |  | thin capital, net worth falling |
| 2022-12 | 1 | expense trap |  |
| 2023-03 | 1 | 3rd-party paper>100% NW | expense trap |
| 2023-06 | 1 |  |  |
| 2023-09 | 1 |  |  |
| 2023-12 | 2 | delinquency rising |  |
| 2024-03 | 3 | thin capital, net worth falling | delinquency rising |
| 2024-06 | 2 |  | net worth falling |
| 2024-09 | 2 |  |  |
| 2024-12 | 2 |  |  |
| 2025-03 | 4 | delinquency rising, members leaving |  |
| 2025-06 | 4 |  |  |
| 2025-09 | 3 |  | delinquency rising |
| 2025-12 | 5 | net worth falling, delinquency rising |  |
| 2026-03 | 2 |  | members leaving, net worth falling, delinquency rising |

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

- 2023-01-30 [Marshland Credit Union celebrates past, looks to future - The Brunswick News](https://news.google.com/rss/articles/CBMi1AFBVV95cUxNUXc3bFhLLXE3WkRZR2MwemF3VlZ3bS1zOXZLQmFGaWJRVHJXV2t6azdMdDF2ZzNnV3EwQWtrNUp6QzRUN292Yk1iU3pSS0V0V0huY1JJU3NsYUR1RmM2X3BGdHVYazc0cjZuZWstSE1telV0a2dDMXdBbWx1RTdKMmxIUUVyRVFqVnBBMHlHT21aZWY0TmFNcFktU2NwQjBvMjNiWTFkdVk5QUJCaFJPbzQtSEVOck9iNENFMUYtUzY3S29aMm9WR2JvVFhXakNGc3FnTQ?oc=5) · The Brunswick News
- 2026-06-24 [29 Credit Union Professionals Graduate From Southeast Management School - cutoday.info](https://news.google.com/rss/articles/CBMirAFBVV95cUxQaWpNSnBVRW94T0dRR1FOZmlLNXhuMjNMbWVUbFZYcV9qX2pueDR0VFlmU0JzaldLUmljdjVWdUdUSmdtSU5DWjVZUnhocE5zdVdXOEtGdmFLaUdZTWVkcmpmMFRMei1kUF9mejMwMzh1eGthS1NNc0xTTm5zTzBHbkpGdHR1anZ0VVk1d3BOWE9odWFRcm43RFl4NEtpdndYVWRPVVlfcFZPMTRu?oc=5) · cutoday.info
- 2021-11-30 [Glynn County police looking for man who robbed credit union at gunpoint Monday - The Florida Times-Union](https://news.google.com/rss/articles/CBMi2AFBVV95cUxNS2xzbVVXNlFGTklxbDhGSkZ6Q0FWd0gwc0FmeUFsSlBWZFF5NnlxMGlvM1dpS3lFcjloOXpLUU84aUlaQ3ppbjJaemdoSjF2dm5TaTVreVJfa1BuYXdUaVhkenZXVjFvaGRpYVdRSEphZnpfUUlKdXBrSnM4VTItUWNMd3h0X0g4WGVta1psV256VG9BREdOSHdfOUZmak1rR3VFZnY4Mk1jeHpBTGNEclY1SjRlaV94ME01T08xaGN1WXoxVUNfaWNsdkJMWFZvMXk4VVU1bWg?oc=5) · The Florida Times-Union
- 2021-04-12 [Phoebe Griffin Obituary - Brunswick, GA - Dignity Memorial](https://news.google.com/rss/articles/CBMihgFBVV95cUxQeW0xcnA2cXNyVlZIVU5MX2ZOQzl1S1JXU0xJaDJDNTBTLXQxSUFuRnJ4cUpZcTNpSjB6THZ6alFrOWpPUEEwa1MyRWJlVVY5UGhwSFZvZGZIU3pKb3pOdnhiWG9KWFgwZ3NUdW1lYTBSVzQtUjhPZC01RHZxaV96TlpWYUpyUQ?oc=5) · Dignity Memorial
- 2017-08-26 [John Lovvorn Obituary - Brunswick, GA - Dignity Memorial](https://news.google.com/rss/articles/CBMiggFBVV95cUxPMHdRbUhRLV94QzhPZzk3Y0RiUWxqZ2w1eVkwckpQV2ZnY0ViZlIydmNUMVBCQndORzBSeTZYZDhkdFFya0RWUW5uamFkaldXR2NZMDdCUDhfaFFyeXdXcWFwQ09mSGxhclptX203TG9NUGJER2xSUVJVNG8xWkR3Vkhn?oc=5) · Dignity Memorial
- 2017-06-05 [William "Bill" Rayburn Obituary - Brunswick, GA - Dignity Memorial](https://news.google.com/rss/articles/CBMijAFBVV95cUxPUm93b0dsRHpjdHdiZVMwQ0tra2VQa2xRYlBfZlgxT2JKbV9vSVo1WGZmdVlpTzJDZWVpN082Ty1tNXMyYm9sMFlEUm9YSzhCWndPMHA3dFQxdzhhVFAteEpPeHRaTk91bnhDdVB1bWpkeHM1YVlPMlpfYkg4aFd3ZlNTOXZTNENmSFNhcA?oc=5) · Dignity Memorial
- 2023-08-04 [A. Delburt Griffin Obituary - Brunswick, GA - Dignity Memorial](https://news.google.com/rss/articles/CBMiigFBVV95cUxQRUhZSG5uaXhiZ05uX3lES2lnZG5hUmU3ZEhnZG5WRDM4STF2b24xLTAySVdzTS1IZ1RfRGVMT19KM2hNRDZhUHFFTkNvYThuUWl3SmZrdjY2SjZRdXIyVnFta3RlaHRsTXItMU53YTdhLVlXaUFnaHVHelhpeERhVTNSRHY4UXpNLWc?oc=5) · Dignity Memorial
- 2021-08-04 [Isabelle "Bess" Wolfes Obituary - Brunswick, GA - Dignity Memorial](https://news.google.com/rss/articles/CBMijgFBVV95cUxOdF9MLUhwcXNhbm9xYmg1Y2xCdkNFdTdLR0UyWkpYMXNfcWdHNHQ5WWFLdmFJRUpfUzVIZGhLZkhocmxid1lTb21yWkdCM1U0bXJaUjRubDRJVmVJOHhCRG1ZQVlfNXd6eTRIWFNVSlRZZTRxSkU3anlLOFlVellxeXdVZHM4aDktOGVpcHZB?oc=5) · Dignity Memorial

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=68714 (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/42.json (key "68714", 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=68714
- 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