# ASSOCIATED
Elkhart, IN · NCUA charter 7699 · asset band <$50M · latest filing 2016-03 · stopped filing after 2016-03 (departed; for a credit union that is almost always a merger)
Share link (named URL with a preview card): https://getbookiq.com/cu/associated-7699

Who the members are: federal charter, multiple common bond, organized 1952. 476 members of 551 potential (86.4% of the field); checking penetration 16% (share draft accounts per 100 members); loans per 100 members 39.

**Verdict on the desk:** this could be *liquidity-rich*. Composite score 1 of 18 (one point per flag across 17 flags, capital below 7% counted twice).

## What the filing shows

| Measure | Value |
|---|---|
| Total assets | $4.6M |
| Members | 476 (– YoY) |
| Full-time staff | 2 |
| Net worth | $1.3M |
| Net worth ratio | 28.3% (p95 of band) |
| ROA (annualized) | -0.15% (p23 of band) |
| Total delinquency | 1.20% (p61 of band) |
| Net charge-offs (annualized) | 0.00% (p37 of band) |
| Loans / shares | 48% (p39 of band) |
| Cash / assets | 7.4% |
| Borrowings / assets | 0.00% |
| Net interest margin | 1.81% (p9 of band) |
| Operating expense / assets | 2.04% (p15 of band) |
| Vehicles % of loans | 59% (p62 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 0% |
| Third-party paper % of net worth | 0% (p45 of band) |
| Vehicle delinquency | 1.21% (p68 of band) |
| Vehicle NCO | 0.00% (p35 of band) |
| Repossessed % of vehicle book | 0.00% (p44 of band) |
| Real estate % of loans | 25% |
| Credit cards % of loans | 0% |
| Unsecured % of loans | 8% |
| Commercial % of net worth | 0% |
| Core shares % of member funds | 100% |
| Certificates % of member funds | 0% |
| Average share balance | $5,453 |
| Participations bought / yr | $0 |
| Participations sold / yr | $0 |
| Participations outstanding | – |
| Loans outstanding per 100 members | 39% |
| Loans granted per 100 members, annualized | 27% |
| Average loan balance | $8,725 |
| Loans granted, annualized | $1.3M |

## Flags firing in the latest filing

- **losing money** (`earn_negative`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 1 | losing money |  |

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

- 2026-09-04 [Why Credit Unions Are Going All In on NIL Deals - blog.rallyfuel.com](https://news.google.com/rss/articles/CBMigAFBVV95cUxQSFRsam9EV2szeVhHUDhscG5PSWc2czNSUEJRQW8wY1NGLUttcXBaNWY3UFF0WTZBZzV4OG1BRkFmTm53RllQRHNGbmFFeEVSVVlaTVgyVktOeFdxVjdtTE5lTHRpak9iQWl0bzBrTHZBT3ktYkRzUWpMOEo2RjBMbw?oc=5) · blog.rallyfuel.com
- 2026-04-27 [ACU of Texas changes name to Openland Credit Union - Community Impact](https://news.google.com/rss/articles/CBMingFBVV95cUxOaUhEM2dOVnNhUzd4aElpZnJyT0F1aVEwR3k4NEVRekJCN0djUUtFeXJ3MC0ySExOc1JQXzZ5MXlhZnFMUDhYa1RITWNSakZ4LTJIOGdaYmFERnVEb1RKXzN2NTluM3dxbHdRY2dXQkE0VmY5eUFiNU9ZMXlGVkRSVm80SExyNHVxZHVVcGlqdktsbGZtWFVMMFRvYm9nZw?oc=5) · Community Impact
- 2026-05-21 [STCU partners with Associated Industries - Spokane Journal of Business](https://news.google.com/rss/articles/CBMilAFBVV95cUxOX2FkVXJQbWlZVkFJMnhvb2Jyc1RzdnlqR1JDS3dhSXEtQnYybjFzdlVubUM0NmNLMlBGUVNSc2M1eUVGdDktS2VYSUc3ZjdzSE9OUkdHQ1NJLW5lajdzTnQ1VmdsVE5oY05OX1BCQ19PbS0zei1pM0tyamdfUElqekFPZVgzeU1hREJtRC14cUxtSks2?oc=5) · Spokane Journal of Business
- 2025-11-05 [Associated Credit Union signs Georgia Bulldog track stars and Olympians Sanaa & Sole Frederick to NIL deals - CUInsight](https://news.google.com/rss/articles/CBMi3wFBVV95cUxQbWkyNUtuN0l1UkJCelpzQXJXZ01qZGcwbEM5VEVyVWl2RmtXZ2dlcldqTFdQLWxCUHY5SU9aLV9ZX1p1cExrQkk3SUpuVmFuTFo5c2RfbHRPRUVPekNmZU1ZRm96ZHM1Z0NnX1dPV19BYjF2SlNWdHFXcHNfUzk1MmVqT1VjTEpBS1daYXhmTkxSNVQxVWFfT00tSnpHaENMNXVpX3ZqbmhQeXd6M1ZlZWRJUUdJTmdFZlQtM3dxdWpHYVhQT21YdG5vZVA1THBrRGRYWE5YZVBUVjBkVTZB?oc=5) · CUInsight
- 2025-08-20 [Longtime president and CEO of Associated Credit Union to retire - The Business Journals](https://news.google.com/rss/articles/CBMiqgFBVV95cUxOa0NDYmxSVmc2bGFGejVHQWtsTDJBOUYyMXRVZ1NyQU9PVzA5MXFQZXRDR2RYTzBoOVNTQnc1c1J5SS03VmFrbmMxamlZTGhMaTVycHJRcEFJZVZXcUVLZzVldDZDVzgzVFVKaGFjbVRLbTNDWUFTZGp1c0RtN3l0Z28zd1RQYXBpOGY2UU1CemxEY3NVS05VYUZmemd4MGRvajNteG01M2FXdw?oc=5) · The Business Journals
- 2025-08-21 [Associated Credit Union Board Names Timothy G. Bridges President - CUTimes](https://news.google.com/rss/articles/CBMioAFBVV95cUxOamNZVjZPSmE5M3ZKOUlLd1JwdkJybHdvTWdPSXNFaEtGREZpTGFMV1lnMERHMVJZLWhscV9hbm1Uc3ZqLXFacjZKcjhVeVpNbzNXS0ZHX25GRlFsY0NpYTMwMG1SSVR0dUpVUXdKTDFxMzRvbkg2aUFCdHc1MWFEUDNQYk5xMUdlbVhueS05V2JPUzdmaW9oMHBueUNsTktj?oc=5) · CUTimes
- 2025-08-26 [The leader of one of Georgia’s biggest credit unions is retiring - AJC.com](https://news.google.com/rss/articles/CBMiowFBVV95cUxNOEI4UHBnd2pydUZTc29CbHJqR3BiQm5fOUpUYUFLeDktUk9namhjVXdmYnFWMWJFTVYxX21MQzNhUThxUXRZVkQ4NTBLZnJWaWU3ZnBiQ2cyTnZtZWtINVgxV2hNSzEzNV9HNGpsZnZuRDl2MElZcTBldzZDbHN2WFIxbExabUxTUlhQNHo4aXpiWFRDUTNNcGhsX2UtbnFHOVU0?oc=5) · AJC.com
- 2024-05-01 [Associated Credit Union President Clay Franks Adds CEO to his Title - cutoday.info](https://news.google.com/rss/articles/CBMipwFBVV95cUxNUGJnN2lKYVFacUhQLWFiTXBXUURJU3JNUlczekJrb05LNi02OTRJQ2dPUFo1R01SNzFxOE5xUWpvS2hSSzFYeXNqUlhIaE42WlBiQlo0MVU4VWszOTVlbEJjbmJUNVBDRVRlMDFNelZRdF91d2h4WHQ5cW9ETk5fV1hjb1Z2SEljdU1GRVVIVVVOemplSHJ1dTRfRmQ5aGpVYW00NS05RQ?oc=5) · cutoday.info

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=7699 (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/19.json (key "7699", 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=7699
- 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