# SPRINGFIELD POSTAL EMPLOYEES
SPRINGFIELD, OH · NCUA charter 7022 · asset band <$50M · latest filing 2024-06 · stopped filing after 2024-06 (departed; for a credit union that is almost always a merger)
Share link (named URL with a preview card): https://getbookiq.com/cu/springfield-postal-employees-7022

Who the members are: federal charter, government (single sponsor), organized 1950. 544 members of 1,000 potential (54.4% of the field); checking penetration 0% (share draft accounts per 100 members); loans per 100 members 51.

**Verdict on the desk:** this could be *stressed*. Composite score 5 of 18 (one point per flag across 17 flags, capital below 7% counted twice).

## What the filing shows

| Measure | Value |
|---|---|
| Total assets | $3.7M |
| Members | 544 (-2.9% YoY) |
| Full-time staff | 0 |
| Net worth | $527,859 |
| Net worth ratio | 14.3% (p53 of band) |
| ROA (annualized) | -8.00% (p1 of band) |
| Total delinquency | 3.02% (p87 of band) |
| Net charge-offs (annualized) | 0.60% (p77 of band) |
| Loans / shares | 79% (p73 of band) |
| Cash / assets | 25.5% |
| Borrowings / assets | 0.00% |
| Net interest margin | 4.33% (p69 of band) |
| Operating expense / assets | 5.82% (p91 of band) |
| Vehicles % of loans | 58% (p43 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 0% |
| Third-party paper % of net worth | 0% (p43 of band) |
| Vehicle delinquency | 1.79% (p79 of band) |
| Vehicle NCO | 0.00% (p30 of band) |
| Repossessed % of vehicle book | 0.00% (p46 of band) |
| Real estate % of loans | 0% |
| Credit cards % of loans | 0% |
| Unsecured % of loans | 34% |
| Commercial % of net worth | 0% |
| Core shares % of member funds | 100% |
| Certificates % of member funds | 0% |
| Average share balance | $5,845 |
| Participations bought / yr | $0 |
| Participations sold / yr | $0 |
| Participations outstanding | – |
| Loans outstanding per 100 members | 51% |
| Loans granted per 100 members, annualized | 10% |
| Average loan balance | $8,979 |
| Loans granted, annualized | $1.0M |

## Flags firing in the latest filing

- **losing money** (`earn_negative`)
- **expense trap** (`earn_opex`)
- **delinquency 2x band** (`aq_dq_high`)
- **delinquency rising** (`aq_dq_rising`)
- **assets shrinking** (`shrink_assets`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 3 | losing money, charge-offs p90, auto monoline |  |
| 2016-06 | 3 |  |  |
| 2016-09 | 3 |  |  |
| 2016-12 | 4 | delinquency 2x band |  |
| 2017-03 | 5 | delinquency rising, assets shrinking | delinquency 2x band |
| 2017-06 | 3 |  | delinquency rising, assets shrinking |
| 2017-09 | 2 |  | charge-offs p90 |
| 2017-12 | 1 |  | losing money |
| 2018-03 | 3 | delinquency 2x band, delinquency rising |  |
| 2018-06 | 6 | losing money, charge-offs p90, assets shrinking |  |
| 2018-09 | 4 |  | delinquency 2x band, delinquency rising |
| 2018-12 | 3 |  | charge-offs p90 |
| 2019-03 | 2 |  | losing money |
| 2019-06 | 2 |  |  |
| 2019-09 | 1 |  | assets shrinking |
| 2019-12 | 0 |  | auto monoline |
| 2020-03 | 5 | losing money, charge-offs p90, assets shrinking, members leaving, auto monoline |  |
| 2020-06 | 3 |  | losing money, charge-offs p90 |
| 2020-09 | 2 | delinquency rising | assets shrinking, members leaving |
| 2020-12 | 3 | net worth falling |  |
| 2021-03 | 4 | margin squeeze, loan book shrinking | delinquency rising |
| 2021-06 | 3 |  | loan book shrinking |
| 2021-09 | 1 |  | net worth falling, margin squeeze |
| 2021-12 | 1 |  |  |
| 2022-03 | 3 | delinquency 2x band, delinquency rising |  |
| 2022-06 | 3 |  |  |
| 2022-09 | 4 | members leaving |  |
| 2022-12 | 4 | net worth falling, losing money | delinquency 2x band, delinquency rising |
| 2023-03 | 4 |  |  |
| 2023-06 | 3 | assets shrinking | members leaving, net worth falling |
| 2023-09 | 3 |  |  |
| 2023-12 | 6 | delinquency rising, members leaving, leaning on borrowings |  |
| 2024-03 | 6 |  |  |
| 2024-06 | 5 | expense trap, delinquency 2x band | auto monoline, members leaving, leaning on borrowings |

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

- nothing found for that search

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=7022 (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/46.json (key "7022", 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=7022
- 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