# TRULIANT
Winston Salem, NC · NCUA charter 7840 · asset band $1-10B · latest filing 2026-03 · live
Share link (named URL with a preview card): https://getbookiq.com/cu/truliant-7840

Who the members are: federal charter, multiple common bond, organized 1952, low-income designated. 333,731 members of 6,629,707 potential (5.0% of the field); checking penetration 58% (share draft accounts per 100 members); loans per 100 members 59.

**Verdict on the desk:** this could be *indirect buyer*. Composite score 2 of 18 (one point per flag across 17 flags, capital below 7% counted twice).

## What the filing shows

| Measure | Value |
|---|---|
| Total assets | $5.45B |
| Members | 333,731 (-1.1% YoY) |
| Full-time staff | 983 |
| Net worth | $558.4M |
| Net worth ratio | 10.2% (p39 of band) |
| ROA (annualized) | 1.52% (p94 of band) |
| Total delinquency | 0.82% (p70 of band) |
| Net charge-offs (annualized) | 1.52% (p97 of band) |
| Loans / shares | 94% (p74 of band) |
| Cash / assets | 5.8% |
| Borrowings / assets | 0.92% |
| Net interest margin | 4.18% (p94 of band) |
| Operating expense / assets | 3.64% (p72 of band) |
| Vehicles % of loans | 26% (p47 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 51% |
| Third-party paper % of net worth | 104% (p41 of band) |
| Vehicle delinquency | 0.71% (p60 of band) |
| Vehicle NCO | 2.39% (p91 of band) |
| Repossessed % of vehicle book | 0.07% (p49 of band) |
| Real estate % of loans | 37% |
| Credit cards % of loans | 3% |
| Unsecured % of loans | 10% |
| Commercial % of net worth | 202% |
| Core shares % of member funds | 41% |
| Certificates % of member funds | 36% |
| Average share balance | $7,147 |
| Participations bought / yr | $0 |
| Participations sold / yr | $134.7M |
| Participations outstanding | $62.2M |
| Loans outstanding per 100 members | 59% |
| Loans granted per 100 members, annualized | 13% |
| Average loan balance | $22,419 |
| Loans granted, annualized | $1.97B |

## Participation posture (from the same filings)

Bought $0 and sold $134.7M in the latest annualized quarter; $62.2M outstanding purchased (11.1% of net worth), $127.5M sold and retained. Sold in 8 and bought in 7 of the last 8 quarters. Shares 2.3% year over year.

## Flags firing in the latest filing

- **charge-offs p90** (`aq_nco_high`)
- **3rd-party paper>100% NW** (`str_thirdparty`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 2 | thin capital, 3rd-party paper>100% NW |  |
| 2016-06 | 2 |  |  |
| 2016-09 | 2 |  |  |
| 2016-12 | 2 |  |  |
| 2017-03 | 3 | net worth falling |  |
| 2017-06 | 2 |  | net worth falling |
| 2017-09 | 3 | delinquency rising |  |
| 2017-12 | 3 |  |  |
| 2018-03 | 3 |  |  |
| 2018-06 | 3 |  |  |
| 2018-09 | 2 |  | delinquency rising |
| 2018-12 | 2 |  |  |
| 2019-03 | 2 |  |  |
| 2019-06 | 2 |  |  |
| 2019-09 | 1 |  | thin capital |
| 2019-12 | 2 | thin capital |  |
| 2020-03 | 3 | net worth falling |  |
| 2020-06 | 5 | margin squeeze, charge-offs p90 |  |
| 2020-09 | 4 |  | net worth falling |
| 2020-12 | 4 |  |  |
| 2021-03 | 5 | net worth falling |  |
| 2021-06 | 3 |  | margin squeeze, net worth falling |
| 2021-09 | 3 |  |  |
| 2021-12 | 2 |  | thin capital |
| 2022-03 | 2 |  |  |
| 2022-06 | 3 | delinquency rising |  |
| 2022-09 | 5 | expense trap, delinquency 2x band |  |
| 2022-12 | 4 | leaning on borrowings | expense trap, delinquency 2x band |
| 2023-03 | 5 | net worth falling, expense trap | delinquency rising |
| 2023-06 | 5 |  |  |
| 2023-09 | 4 |  | expense trap |
| 2023-12 | 5 | thin capital |  |
| 2024-03 | 6 | delinquency rising |  |
| 2024-06 | 4 |  | leaning on borrowings, net worth falling |
| 2024-09 | 5 | loans>95% of shares, leaning on borrowings | delinquency rising |
| 2024-12 | 3 |  | loans>95% of shares, leaning on borrowings |
| 2025-03 | 4 | assets shrinking |  |
| 2025-06 | 5 | members leaving, loans>95% of shares | thin capital |
| 2025-09 | 3 |  | assets shrinking, members leaving |
| 2025-12 | 2 |  | loans>95% of shares |
| 2026-03 | 2 |  |  |

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

- 2026-08-31 [Truliant adding branches to Charlotte-area footprint in merger with NC credit union - The Business Journals](https://news.google.com/rss/articles/CBMiqgFBVV95cUxOelpKTUlCT1dFYVdOMVN1Z2llR3AwM2EtS0JwbzVtNVhKeWdvUzI4MnpKRmttU3FIeExoY3YzdzRQV0Y3YmVpTlpxM3BkNUJfRkgySFFWWlRDQlhodVVuWWh0RlpKUzlPOUIxVkVUYkpkQ19DbzlJaDlnVWJlVEE4ZFBIWURnbkQtRWdWcFdoemtSeFI5QnNsWHdpZDBwV2R2NUMyY2toMHdTUQ?oc=5) · The Business Journals
- 2026-04-22 [Piedmont Advantage merging into Truliant for $6B CU - Business North Carolina](https://news.google.com/rss/articles/CBMif0FVX3lxTE9GTzNnQXdVYjJFV1pyVF9PdWNZUFhTTS1YUmF5MzVxeGRNTkhZT04xYjZkcnlPTUdRT2I1emxYZEZwaWFrTURzdzJxWG9WYWxldmQtVDdDN2hmekcwX0ZlRXA0MWVRTHFzME56WTV0VnREVDAxUXVvcFFQR3ktakU?oc=5) · Business North Carolina
- 2026-09-01 [Truliant Completes Acquisition of Troubled N.C. Neighbor - CUTimes](https://news.google.com/rss/articles/CBMilAFBVV95cUxOY2c4V2cyWEV4Nl9zS2FGN0J2T1N4LTZHZ2RSZWRyQnNNQmVTbGhzR1lINFBvbEV4UG1GNno4bnp1NGFidUJmUm9rek5QV0MySVBfbEI2R2lHTE93Q2NxajR1N0E2cWk2S0hEalFKZFRLY2FkQzlLdVZlSXlVSU5aQmloZUdCYnRRaEZQeW5ieXlUQXY3?oc=5) · CUTimes
- 2026-04-22 [Piedmont Advantage Credit Union to Combine with Truliant - GlobeNewswire](https://news.google.com/rss/articles/CBMixwFBVV95cUxQVTRSRFhTaFVTRFE5WTlPNktucjFEM2VtRWY5SC0wT3cteDM3Q25RZmo2TEZDc1o0eE9NZjd4TjZaT080bExpRWZidnc0aVcyZGd1NVpIQWNfN0lvdXRhNmtxaWpwcmtMSldrNE0tclRfTWRLRUR2dkotaHp5YS1ybFpUQzF4YWFSSlo3dVJPVXhaUzJuanZTcC03c1hFRzM2djIwa3FYanlHSVo3S1NWWDlickpGRi1DYUo4aEsycEd2alhBZ0tN?oc=5) · GlobeNewswire
- 2026-04-22 [Truliant, Piedmont Advantage Strike Deal To Create $6-Billion CU - cutoday.info](https://news.google.com/rss/articles/CBMioAFBVV95cUxQa1pTVHFTTmFIX3NENWo5aVY2eTl4UU8wTktEYzdESF9XcW9yMHBWRlN5cW1DZ3dlMDVseldiN3RwWmpzRzBva0gzUDRERXYyMy1rT1F6TWg0eTNOaGdEekpHLTZ2MW1nMTVzVnc0Y25XUTNzSFNPN2FQRUVKNTJvR3VaLWVWeV9wYVJVRFN2WXR5eGQ0NVFWX2xBZ3ZxdHdW?oc=5) · cutoday.info
- 2026-08-26 [UPDATED: Real estate shuffle coming as Piedmont, Truliant merge - The Business Journals](https://news.google.com/rss/articles/CBMipwFBVV95cUxQV1VSaEV1VDZ1UW1TMkNDN2RxZUJDRjM4UGJrVHE2andJYzdhWW5ralR6VlNDNXFDQ2Y1dFh2VC1nb3gwSXhxbllZS3JTNUlURnZVd2Z3YzZrZTRzeVVwYy1SY09tMWRwWlluTUxKcnZ2TWE5SDNLdmFFVVFnRW90R0x0TjlGMjFqeVRQMldoNUl0aHVld2Vhb2swR1BLZXRvOExfQnJ6RQ?oc=5) · The Business Journals
- 2025-02-07 [Truliant secures building for new office in SouthPark - WCNC](https://news.google.com/rss/articles/CBMi0wFBVV95cUxNUXZxTGQzcDRwUkdQLVdBeXdKVlhEY3I1LS1LUkVBSEJpc2JMNWwtQV95Z1Nxb1NaWmVQbS1yTmN4R2FZa2QzVmo1QVVheW5PV0xTdTd3VENja20zWDFlQUNWRzVFbGVmM3RmOHRTUWF5Wm1hdzBzcFJBYlRLVmM0TktDUDJXd3VFTFhZVG5qbGk2QkljQzlzLWRVTDJ5eUp5Q2Q4SGV4MGRHcE84LXJZYnBlX2R0Zy1jTWFyWUJ2Q1ZUVFhIX1BRa1VVdzZuUHpPN2pR?oc=5) · WCNC
- 2026-01-13 [Credit Unions Secure Naming Rights for Music Venue, Sports Field - CUTimes](https://news.google.com/rss/articles/CBMioAFBVV95cUxPRUR6ajUxNFJwdXhSRG1wUEIyLWF3SmMtakFxUFRtaUx3eElBRzJIdHB3cHl2dGYwUGhobjZSM3E0TTcyOExzdzl2RS1EVFc1YmVHX2JwTGZaUFptUDRaVmVfU2JzcHJjMzNHQlhObVdtdUUyemJ6eEdfd251OGRjeFdBd2dGUDhLWTF4UEtObHNyNU1YMnZIcEs3cW01dVNU?oc=5) · CUTimes

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=7840 (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/32.json (key "7840", 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=7840
- 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