# BAY RIDGE
BROOKLYN, NY · NCUA charter 78 · asset band $100-200M · latest filing 2018-09 · stopped filing after 2018-09 (departed; for a credit union that is almost always a merger)
Share link (named URL with a preview card): https://getbookiq.com/cu/bay-ridge-78

Who the members are: federal charter, multiple common bond, organized 1934, low-income designated. 8,473 members of 15,000 potential (56.5% of the field); checking penetration 7% (share draft accounts per 100 members); loans per 100 members 44.

**Verdict on the desk:** this could be *stressed*. Composite score 9 of 18 (one point per flag across 17 flags, capital below 7% counted twice).

## What the filing shows

| Measure | Value |
|---|---|
| Total assets | $181.3M |
| Members | 8,473 (3.1% YoY) |
| Full-time staff | 28 |
| Net worth | $6.5M |
| Net worth ratio | 3.6% (p0 of band) |
| ROA (annualized) | -6.00% (p0 of band) |
| Total delinquency | 4.40% (p100 of band) |
| Net charge-offs (annualized) | 7.52% (p100 of band) |
| Loans / shares | 93% (p85 of band) |
| Cash / assets | 4.3% |
| Borrowings / assets | 0.00% |
| Net interest margin | 3.48% (p66 of band) |
| Operating expense / assets | 5.38% (p94 of band) |
| Vehicles % of loans | 2% (p1 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 91% |
| Third-party paper % of net worth | 41% (p52 of band) |
| Vehicle delinquency | 4.17% (p100 of band) |
| Vehicle NCO | 8.35% (p100 of band) |
| Repossessed % of vehicle book | 0.00% (p28 of band) |
| Real estate % of loans | 46% |
| Credit cards % of loans | 0% |
| Unsecured % of loans | 14% |
| Commercial % of net worth | 1565% |
| Core shares % of member funds | 3% |
| Certificates % of member funds | 75% |
| Average share balance | $21,168 |
| Participations bought / yr | $0 |
| Participations sold / yr | $1.3M |
| Participations outstanding | – |
| Loans outstanding per 100 members | 44% |
| Loans granted per 100 members, annualized | 12% |
| Average loan balance | $42,436 |
| Loans granted, annualized | $23.4M |

## Flags firing in the latest filing

- **thin capital** (`cap_low`)
- **capital below 7%** (`cap_critical`)
- **net worth falling** (`cap_falling`)
- **losing money** (`earn_negative`)
- **expense trap** (`earn_opex`)
- **delinquency 2x band** (`aq_dq_high`)
- **charge-offs p90** (`aq_nco_high`)
- **assets shrinking** (`shrink_assets`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 2 | delinquency 2x band, 3rd-party paper>100% NW |  |
| 2016-06 | 3 | loans>95% of shares |  |
| 2016-09 | 3 | net worth falling | 3rd-party paper>100% NW |
| 2016-12 | 2 |  | net worth falling |
| 2017-03 | 3 | delinquency rising |  |
| 2017-06 | 6 | thin capital, net worth falling, losing money |  |
| 2017-09 | 8 | charge-offs p90, assets shrinking |  |
| 2017-12 | 7 |  | delinquency rising |
| 2018-03 | 9 | capital below 7% |  |
| 2018-06 | 10 | delinquency rising |  |
| 2018-09 | 9 | expense trap | loans>95% of shares, delinquency rising |

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

- 2018-09-20 [Island Federal Credit Union Announces Merger With Brooklyn-Based Bay Ridge Federal Credit Union - PR Newswire](https://news.google.com/rss/articles/CBMi5gFBVV95cUxNdGZhaWFKbzNEVWpRUENXSFpXNlVwQS1mOXhJUWJiWDJsRVVldGRZbXVpVkZPMEpJRFdscnFNSDJ3RWxaZzlHYXQ0V29PTURTeU51dE9KejlPMDZqQXhUMl9YTXItRlFWbjVaOVdzLWdZelBUM1pCcm9HandlTDEyOHZucVhGMXJLTFo4VDhvWUtJWnl4QWpoUnUycXJ0ZWlqRlNLRTJLc3VBTGZaTHktNHFLak5OSXlKWXFZZFNxTkZnanVqeGtSa3ExSmh0a1dZTVI4VER3VUIyVEp5YTJWcDhzRWlidw?oc=5) · PR Newswire
- 2018-10-08 [Unions of credit unions - Long Island Business News](https://news.google.com/rss/articles/CBMiYkFVX3lxTE9HMm82TDN4SG9PMkFYcDlNWDh1bXlkaWJrRXlQRWx5UmlabHZWWk1vR0JXcmo3RGlIS2ZKeGdQZTdka3JHRnJfRFZ3QUlJY0pSdGJPZnFIMGRLUGZWUEhhZllR?oc=5) · Long Island Business News
- 2020-08-26 [Brooklyn-based Bay Ridge Federal Credit Union to merge with Island FCU - American Banker](https://news.google.com/rss/articles/CBMiuwFBVV95cUxQamZ1bjRpcFBEaU05T0NPVmo3MDhnRXVNVzkxc1dIb1AtZ0lJVHVvaS04M2MwZHZ2X0ZLbkdjYXVyNXhaWHNXUWt2WFVEc1N6YU11WG85X0N0d0pQWThNWEJabEtXeTV0SFhOcmVTNkp0V0xmYkFiRGV4N1UtZkVKYTR3VTdRd3I1MGFacWJzYTdWR082a2tjYUZqTVNINTA3ckFBbGJjT242Z2dFS1JIZEdWcTdTTENNRHo4?oc=5) · American Banker
- 2018-09-27 [Merger, they wrote - Brooklyn Paper](https://news.google.com/rss/articles/CBMiXEFVX3lxTE96Tldrb1VuSVZFWW56eGlHWTJ4djg0aHI3YWZWbThpS1hTeVVNNWkteDNPZTZYQUVGZ05BbmRFZGdBaWJRd1pNN0R0c3d1Nk84MzRHXzVUU3EwWGlh?oc=5) · Brooklyn Paper
- 2024-07-02 [2012-2024 List Of Failed Credit Unions - Bankrate](https://news.google.com/rss/articles/CBMib0FVX3lxTFBqUTBmbUhvaEh6UXpMOERnZTMzUjU2djBQVUVxMHd4UmZFRF84OWFtelZtZXQ3eTF5ZE5fbE5YVTRIUWd2dDVDWjZxZ3F4d3gwRFhMV2FyT21RWXlTLVVoRTE5Z0R1Ql9iMHVmYndZUQ?oc=5) · Bankrate
- 2022-02-25 [Grigos Takes the Reins at the Bay Ridge Federal Credit Union - The National Herald](https://news.google.com/rss/articles/CBMimwFBVV95cUxNb0ZMeWJDeG5NOW1URnM4dTZQaHJNT2g5anpwbnlEY1hKdmNpcFU4S25EZTVhVml1VE9zd0ZEMUlkbTF2WS13aHp4Qmk0OFZUd3prUUVfVU5EVVU5d2U3WUxJZ290RF80ME9sY1RHMzJYNmx5WFkzbDJzZkF1TEtpNXFkeXlNZDVETUNPcEY1b2Vka0JxUHQ3REFacw?oc=5) · The National Herald
- 2022-04-18 [DUCKS TEAM UP WITH ISLAND FEDERAL FOR HOME RUNS FOR HUNGER - Long Island Ducks Baseball](https://news.google.com/rss/articles/CBMihgFBVV95cUxNa3EtaTFDdkUwajZEOVBSbmJjdVdNbDRwODRTY2VmaWpzUmJSUE5Ibm1MdWQzQ1NoR1dvdDZwSm9aWnZMM3Z2MVpaMU00SVhUekhTUXQteG9tR0ZCM0l4M3prZDRaSjhGeXl6QlJYMW9XNUVuc0JwMHJ0ckxiLVpLWUtjWlA4UQ?oc=5) · Long Island Ducks Baseball
- 2013-03-11 [Ribbon cut on new Bay Ridge Federal Credit Union building - The Brooklyn Home Reporter -](https://news.google.com/rss/articles/CBMimwFBVV95cUxOUWQtS1dHamtscFo2MDctc0loQ0lJY0k1MENvanRYYXBBM0U3S3YzTkpDV3A5REE0NTA3T2ctdmxSWEhZbXAxUmRvMVhkT3RMc0dZSHNQWEU0cVJkbi1IZzRXREpWOVg5TjNNNHh2Z24wQ0wtNkMxdGhGaTIyaExLTWs0NWphNnI0Wk1OMmFaOUtwTTM0MDItMHV2MA?oc=5) · The Brooklyn Home Reporter -

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=78 (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/14.json (key "78", 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=78
- 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