# ERIE TIMES
ERIE, PA · NCUA charter 776 · asset band <$50M · latest filing 2021-12 · stopped filing after 2021-12 (departed; for a credit union that is almost always a merger)
Share link (named URL with a preview card): https://getbookiq.com/cu/erie-times-776

Who the members are: federal charter, multiple common bond, organized 1935, low-income designated. 771 members of 3,165 potential (24.4% of the field); checking penetration 48% (share draft accounts per 100 members); loans per 100 members 33.

**Verdict on the desk:** this could be *too clean*. 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 | $6.4M |
| Members | 771 (-17.3% YoY) |
| Full-time staff | 3 |
| Net worth | $644,217 |
| Net worth ratio | 10.0% (p33 of band) |
| ROA (annualized) | -4.51% (p1 of band) |
| Total delinquency | 0.00% (p9 of band) |
| Net charge-offs (annualized) | 3.38% (p99 of band) |
| Loans / shares | 6% (p2 of band) |
| Cash / assets | 51.9% |
| Borrowings / assets | 0.00% |
| Net interest margin | 0.93% (p4 of band) |
| Operating expense / assets | 5.57% (p94 of band) |
| Vehicles % of loans | 26% (p16 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 0% |
| Third-party paper % of net worth | 0% (p46 of band) |
| Vehicle delinquency | 0.00% (p19 of band) |
| Vehicle NCO | 14.28% (p100 of band) |
| Repossessed % of vehicle book | 0.00% (p47 of band) |
| Real estate % of loans | 0% |
| Credit cards % of loans | 51% |
| Unsecured % of loans | 74% |
| Commercial % of net worth | 0% |
| Core shares % of member funds | 96% |
| Certificates % of member funds | 0% |
| Average share balance | $4,413 |
| Participations bought / yr | $0 |
| Participations sold / yr | $0 |
| Participations outstanding | – |
| Loans outstanding per 100 members | 33% |
| Loans granted per 100 members, annualized | 1% |
| Average loan balance | $1,390 |
| Loans granted, annualized | $58,775 |

## Flags firing in the latest filing

- **net worth falling** (`cap_falling`)
- **losing money** (`earn_negative`)
- **expense trap** (`earn_opex`)
- **margin squeeze** (`earn_nim_squeeze`)
- **charge-offs p90** (`aq_nco_high`)
- **members leaving** (`shrink_members`)
- **loan book shrinking** (`shrink_loans`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 1 | losing money |  |
| 2016-06 | 1 |  |  |
| 2016-09 | 1 |  |  |
| 2016-12 | 1 |  |  |
| 2017-03 | 3 | members leaving, loan book shrinking |  |
| 2017-06 | 6 | net worth falling, delinquency 2x band, delinquency rising |  |
| 2017-09 | 5 |  | net worth falling |
| 2017-12 | 5 |  |  |
| 2018-03 | 5 | charge-offs p90 | delinquency 2x band |
| 2018-06 | 5 | assets shrinking | delinquency rising |
| 2018-09 | 5 |  |  |
| 2018-12 | 5 |  |  |
| 2019-03 | 4 |  | charge-offs p90 |
| 2019-06 | 4 |  |  |
| 2019-09 | 3 |  | loan book shrinking |
| 2019-12 | 3 | loan book shrinking | assets shrinking |
| 2020-03 | 3 |  |  |
| 2020-06 | 5 | net worth falling, margin squeeze |  |
| 2020-09 | 3 |  | net worth falling, margin squeeze |
| 2020-12 | 6 | margin squeeze, delinquency 2x band, delinquency rising |  |
| 2021-03 | 7 | net worth falling, charge-offs p90 | delinquency 2x band |
| 2021-06 | 7 | delinquency 2x band | net worth falling |
| 2021-09 | 7 |  |  |
| 2021-12 | 7 | net worth falling, expense trap | delinquency rising, delinquency 2x band |

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

- 2026-09-05 [Joseph J. Walko Obituary - Erie Times-News](https://news.google.com/rss/articles/CBMiWEFVX3lxTFBfT3IwN25zVWsybF83LWx2SEZCTzN2QnlhUHVLTDBBUXg5cTBuUHdsVThtb1RkblZtVE0zWVJUc3F0SU9JcjZSNjZIWm44UUlnZjJNY1NQSjA?oc=5) · Erie Times-News
- 2026-01-21 [Donald L. Harpst Obituary - Erie Times-News](https://news.google.com/rss/articles/CBMiWEFVX3lxTE1NNVNEUmliVkNUMEF1NFFqLWpzU0xqN1dtQXhraXVsa3dsS3ZiSG5XMEJibXVyc1hwNjczRVNCZHppcDZqa1VUVzVCUFBUUHlsQVhRcGJIV3A?oc=5) · Erie Times-News
- 2026-01-10 [Mary Julia "Judy" (Shanley) Brieger Obituary - Erie Times-News](https://news.google.com/rss/articles/CBMiWEFVX3lxTFBrQUlyaE1DOWVtTUk4Ym9SclFMTWpBUXNKaGhtdU9ZZTdNSnNydGlKbkNobzRpUWNYWHFCYkQydjFHWk4ydnlLVWJsSTRjVGctR3N1RUxmQ0c?oc=5) · Erie Times-News
- 2025-10-30 [Penny problem. Erie businesses, banks and credit unions dealing with coin shortage - Erie Times-News](https://news.google.com/rss/articles/CBMiqwFBVV95cUxNel8wMmVxb2djcEJJSm9jUVR4T0dibzRXNzRMZ0FFOHBXZXZ1d1lFUFh2aEV2azhUb1RMbzlObXhCaVR6TkFncmdRNDFIWmdyRUM5aGJSQS1Fb0dkWTd2c2VMRVBHb1lGT3VDdVotTC1jMm5IRGNWSzBHVk9tYlBUOURRdy0zcHhHaEprVUNVR09aNENTV3dnYm1WWTdvdUs2UHowVGFCdXllV3M?oc=5) · Erie Times-News
- 2020-03-08 [Mover of the week, March 8 - Erie Times-News](https://news.google.com/rss/articles/CBMihgFBVV95cUxNeC1jT095Q2FlREZCeF9HUXk1S1ljT3Vkb2EyZUpnQ1hqWk5yLU9naFRPbU5zcThiSk9Ic3BfQTFmR0E1SWZ1Tzl6aEdqZC1fcUE1VVhDV2RqTjZ5TUZ2cWx0SUNQMHpNQXFvQVp2RHAwbXduYnRCZFZacHhlelRYc2V0OXlSZw?oc=5) · Erie Times-News
- 2024-06-21 [George Joseph Nicosia Obituary - Erie Times-News](https://news.google.com/rss/articles/CBMiWEFVX3lxTE1odno3UjJpRVpxWm16THZvTVFCUXVfSE9ZbExNbTdhajVIN1JaR3o5LXhLdWN1NFppaGVkY3JEOE5JcWlaV2JVN3lPeFZsd0NTWGNTU0VzMTY?oc=5) · Erie Times-News
- 2025-01-12 [Carol J. (Schmidt) SanFrotello Obituary - Erie Times-News](https://news.google.com/rss/articles/CBMiWEFVX3lxTE9ySFl1dk03dFVFOHV3ZXRwMjl1djNpU0kwV0NuS3ZjZWMwZEJEX3BZbEhPMldKVjUzX25FR1VYWGFvZ3pZd2plcVItb3RMWDh0OTJLX1pnS20?oc=5) · Erie Times-News
- 2024-06-17 [Lawrence "Larry" Langdon, Sr. Obituary - Erie Times-News](https://news.google.com/rss/articles/CBMiWEFVX3lxTE1ob1h1S3UtWWk3RXBLYllfMHBaM3dYeDBkM0tlRnp5Y21uT3ZkSGF6X3l1Ync1Q180MGh2dWNobDV6bDZ5Yi1wVWkzemVZN3lST2VWSU1kcE8?oc=5) · Erie Times-News

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=776 (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/8.json (key "776", 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=776
- 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