# EXCEL
Norcross, GA · NCUA charter 7825 · asset band $100-200M · latest filing 2026-03 · live
Share link (named URL with a preview card): https://getbookiq.com/cu/excel-7825

Who the members are: federal charter, community charter, organized 1952, low-income designated. 10,387 members of 1,500,000 potential (0.7% of the field); checking penetration 57% (share draft accounts per 100 members); loans per 100 members 42.

**Verdict on the desk:** this could be *participation buyer*. Composite score 3 of 18 (one point per flag across 17 flags, capital below 7% counted twice).

## What the filing shows

| Measure | Value |
|---|---|
| Total assets | $173.2M |
| Members | 10,387 (-9.2% YoY) |
| Full-time staff | 43 |
| Net worth | $23.1M |
| Net worth ratio | 13.3% (p70 of band) |
| ROA (annualized) | 1.09% (p73 of band) |
| Total delinquency | 0.68% (p54 of band) |
| Net charge-offs (annualized) | 0.28% (p44 of band) |
| Loans / shares | 98% (p98 of band) |
| Cash / assets | 17.6% |
| Borrowings / assets | 0.00% |
| Net interest margin | 3.50% (p40 of band) |
| Operating expense / assets | 5.64% (p94 of band) |
| Vehicles % of loans | 22% (p23 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 0% |
| Third-party paper % of net worth | 32% (p51 of band) |
| Vehicle delinquency | 0.78% (p62 of band) |
| Vehicle NCO | 1.05% (p75 of band) |
| Repossessed % of vehicle book | 0.00% (p32 of band) |
| Real estate % of loans | 37% |
| Credit cards % of loans | 3% |
| Unsecured % of loans | 4% |
| Commercial % of net worth | 183% |
| Core shares % of member funds | 57% |
| Certificates % of member funds | 26% |
| Average share balance | $5,491 |
| Participations bought / yr | $0 |
| Participations sold / yr | $0 |
| Participations outstanding | $42.7M |
| Loans outstanding per 100 members | 42% |
| Loans granted per 100 members, annualized | 4% |
| Average loan balance | $26,104 |
| Loans granted, annualized | $29.5M |

## Participation posture (from the same filings)

Bought $0 and sold $0 in the latest annualized quarter; $42.7M outstanding purchased (184.7% of net worth), $0 sold and retained. Sold in 0 and bought in 7 of the last 8 quarters. Shares -6.5% year over year.

## Flags firing in the latest filing

- **expense trap** (`earn_opex`)
- **members leaving** (`shrink_members`)
- **loans>95% of shares** (`str_ltos`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 1 | expense trap |  |
| 2016-06 | 1 |  |  |
| 2016-09 | 2 | net worth falling |  |
| 2016-12 | 1 |  | net worth falling |
| 2017-03 | 2 | members leaving |  |
| 2017-06 | 1 |  | members leaving |
| 2017-09 | 1 |  |  |
| 2017-12 | 1 |  |  |
| 2018-03 | 2 | net worth falling |  |
| 2018-06 | 2 |  |  |
| 2018-09 | 1 |  | net worth falling |
| 2018-12 | 1 |  |  |
| 2019-03 | 1 |  |  |
| 2019-06 | 1 |  |  |
| 2019-09 | 1 |  |  |
| 2019-12 | 1 |  |  |
| 2020-03 | 2 | delinquency rising |  |
| 2020-06 | 2 | margin squeeze | delinquency rising |
| 2020-09 | 3 | net worth falling |  |
| 2020-12 | 3 |  |  |
| 2021-03 | 3 |  |  |
| 2021-06 | 2 |  | margin squeeze |
| 2021-09 | 1 |  | net worth falling |
| 2021-12 | 1 |  |  |
| 2022-03 | 1 |  |  |
| 2022-06 | 2 | delinquency rising |  |
| 2022-09 | 2 | 3rd-party paper>100% NW | delinquency rising |
| 2022-12 | 2 | delinquency rising | 3rd-party paper>100% NW |
| 2023-03 | 1 |  | delinquency rising |
| 2023-06 | 2 | delinquency rising |  |
| 2023-09 | 2 |  |  |
| 2023-12 | 3 | members leaving |  |
| 2024-03 | 1 |  | expense trap, members leaving |
| 2024-06 | 1 |  |  |
| 2024-09 | 2 | expense trap, members leaving | delinquency rising |
| 2024-12 | 2 |  |  |
| 2025-03 | 2 |  |  |
| 2025-06 | 2 |  |  |
| 2025-09 | 2 | loans>95% of shares | members leaving |
| 2025-12 | 3 | members leaving |  |
| 2026-03 | 3 |  |  |

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

- 2026-04-02 [Graduate Students Excel at 12th Annual 3MT® Competition - Kennesaw State University](https://news.google.com/rss/articles/CBMiiwFBVV95cUxQRjJrdXJrdFpQY2wyNmFhNkVUc3oxNXRGLVNrVkZJWGNaRzRoXzkxdWhNWVJ1eTRxTlV2aXJxMklYczRUSnVCR0V3X0JBOTdEWDZQaDRSbDREQnhKYXdVa2lkcGFDTVNsTTl2WFp2VVd6cDRNNzlTVTl2LWhYenc0N2VmUGpmY0R0RmdN?oc=5) · Kennesaw State University
- 2025-10-16 [Women Empower, Women Excel Luncheon Tickets on Sale Now - georgiastatesports.com](https://news.google.com/rss/articles/CBMiwgFBVV95cUxQWHNRTV92eXU0QlktNUtEYy1RVDJBZ1F1alVMcHFiVWpOMElyZEhyY0J5eE1nVXByMV93aXk1d0RDTXl5c3BrdFVkWnpzN29aVUxnY3U1VjREZU56MzAzSUdHMXZYQ1doclZlenlLazZmVE5vM3hjZVZMcC1xckRwSXM2Yzl4LXFWUENFMzZOc3FFSWpraGtMdXo1MTV6Z1BVV0VuOEtESkJZNnB3OHBzX0dxNE42UU5OUkNSbUdpaS11UQ?oc=5) · georgiastatesports.com
- 2024-07-02 [2012-2024 List Of Failed Credit Unions - Bankrate](https://news.google.com/rss/articles/CBMib0FVX3lxTFBqUTBmbUhvaEh6UXpMOERnZTMzUjU2djBQVUVxMHd4UmZFRF84OWFtelZtZXQ3eTF5ZE5fbE5YVTRIUWd2dDVDWjZxZ3F4d3gwRFhMV2FyT21RWXlTLVVoRTE5Z0R1Ql9iMHVmYndZUQ?oc=5) · Bankrate
- 2016-07-05 [Honoring Those Who Serve Those Who Serve: Executives on the Move - americanbanker.com](https://news.google.com/rss/articles/CBMiuAFBVV95cUxNWS1INHYtRmx2dGhNa2Yyc3lqWE15UVFWR1ZvODZZQWluLXJTRURsa3FXa3lYNHBaOUk2Q2JhUjNwRXJUU0szLVUtV3psZEE2SExVVkwyZEpMTURFT3RhOEozM0QzUVdCSjVoNS1vZklzUGV4ZjkxNWJiaDlLcTVkcXkwTDVRMk5TcVkyd1VtVmtjM3hFdnd1VVBYaHpOUXVVVXpLblNSRVVma3M4eFlMcHZZUVpMcGZz?oc=5) · americanbanker.com
- 2025-09-11 [TN Valley schools excel in health inspections as school year begins - Local 3 News](https://news.google.com/rss/articles/CBMi6wFBVV95cUxQVExWeW9ELUxNS1FKeWE2V0xDRTdfRjV6YnE0WlJWNy1IcTE5VXFQRE1LdGlYbTVzQ0FzbzJvRlB5aTZLSFJuUmdGR0JnTzFJdlM4cmJkSHJjYUlpTU0wS2hPVGZsS2ZKV2QxQUJXTEtWSzBPX1dYYXBZSUI4S2hmc0Z4am16MlhGbzZ3QkZTUjBZV2dmLUN0Uko3Nlp0dXJVSll2YnVlWng5WEFxQ0hJMm9WaXduYlpQYk5ZNGVEYk4xczFFTlRiZ3VneVE3MW11YkEzNllDWFhzVFo2VkZGTXBPYWZjUzU3WVVr?oc=5) · Local 3 News

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=7825 (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/17.json (key "7825", 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=7825
- 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