# ANDERSON
ANDERSON, SC · NCUA charter 8470 · asset band $100-200M · latest filing 2020-12 · stopped filing after 2020-12 (departed; for a credit union that is almost always a merger)
Share link (named URL with a preview card): https://getbookiq.com/cu/anderson-8470

Who the members are: federal charter, multiple common bond, organized 1953, low-income designated. 14,070 members of 42,000 potential (33.5% of the field); checking penetration 48% (share draft accounts per 100 members); loans per 100 members 42.

**Verdict on the desk:** this could be *too clean*. 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 | $107.5M |
| Members | 14,070 (5.8% YoY) |
| Full-time staff | 29 |
| Net worth | $7.3M |
| Net worth ratio | 6.8% (p4 of band) |
| ROA (annualized) | -0.96% (p1 of band) |
| Total delinquency | 0.10% (p9 of band) |
| Net charge-offs (annualized) | 0.56% (p83 of band) |
| Loans / shares | 59% (p39 of band) |
| Cash / assets | 34.7% |
| Borrowings / assets | 0.00% |
| Net interest margin | 2.68% (p46 of band) |
| Operating expense / assets | 4.83% (p95 of band) |
| Vehicles % of loans | 50% (p74 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 97% |
| Third-party paper % of net worth | 394% (p98 of band) |
| Vehicle delinquency | 0.20% (p32 of band) |
| Vehicle NCO | 0.87% (p84 of band) |
| Repossessed % of vehicle book | 0.08% (p81 of band) |
| Real estate % of loans | 13% |
| Credit cards % of loans | 5% |
| Unsecured % of loans | 8% |
| Commercial % of net worth | 0% |
| Core shares % of member funds | 61% |
| Certificates % of member funds | 15% |
| Average share balance | $4,289 |
| Participations bought / yr | $0 |
| Participations sold / yr | $0 |
| Participations outstanding | – |
| Loans outstanding per 100 members | 42% |
| Loans granted per 100 members, annualized | 13% |
| Average loan balance | $10,014 |
| Loans granted, annualized | $14.9M |

## 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`)
- **margin squeeze** (`earn_nim_squeeze`)
- **loan book shrinking** (`shrink_loans`)
- **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 | 4 | net worth falling, delinquency rising |  |
| 2017-06 | 2 |  | net worth falling, delinquency rising |
| 2017-09 | 2 |  |  |
| 2017-12 | 3 | expense trap |  |
| 2018-03 | 2 |  | expense trap |
| 2018-06 | 2 |  |  |
| 2018-09 | 2 |  |  |
| 2018-12 | 3 | expense trap |  |
| 2019-03 | 2 |  | expense trap |
| 2019-06 | 3 | net worth falling |  |
| 2019-09 | 2 |  | net worth falling |
| 2019-12 | 2 |  |  |
| 2020-03 | 4 | net worth falling, losing money |  |
| 2020-06 | 7 | margin squeeze, delinquency rising, loan book shrinking |  |
| 2020-09 | 7 |  |  |
| 2020-12 | 9 | capital below 7%, expense trap | delinquency rising |

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

- 2026-03-23 [America First Credit Union | Changemakers – Liza Anderson | Utah Royals - Real Salt Lake](https://news.google.com/rss/articles/CBMikwFBVV95cUxNcy1HVWd5R05aX1V4eTN3bE1Mb2JSeGM1Y0FhVDFIYjUwN184RUhvV0ZHdkFtdldHUGczZXFjVlpmYnlyX19RTzRRcGhMbjVBdG1hc2dRenFQS1FzUFp2MWdIZkc3UVFrOHZMb2pFQ1Rab2VZZWNfbF9lREhtTTBCMXVxWURoNzhhVTRUUFB6TE83Ukk?oc=5) · Real Salt Lake
- 2026-07-27 [Upstate High School's Student-Run Credit Union Inspires Next-Gen Financial Literacy - WYFF](https://news.google.com/rss/articles/CBMiigFBVV95cUxOcHdEMWJpdWJVdEpFZ1h4XzJIMl9LZTQzMW5rSGktTGlSV2pPQnk5VWk1LWJuSFE1cDlkcnRFREJjUG1GaDUtc0IzMjl4eWFGeFh5SjBjT0MxNHR3dldROVRtWGNraEh1Y3k2RkFuSFA2Vkl4dHV4SWEwSDRBQWVqWjhsbERuWGx3ZEE?oc=5) · WYFF
- 2026-07-18 [Community offers opportunity for supplies before first day of school - Independent Mail](https://news.google.com/rss/articles/CBMi0AFBVV95cUxNT2Nsc2lhOHJUR0RQYU1NZkREckJiTklMczRMQVlNWEkwT2JnRXhRcndQa0lVQl9uUjh2UFAyRTQyM0c1SmtrSHN2azFzY3hfVDBXaGFJVmVJbFlQUDM0WGZ5ZzJTLXllTzFWVHZyUjRfRnZPQkdzRTBVWERnY2h3Q2R2bWU2ZjV4djdxOWZXS3Nud3U5WnRrMnAwYlNPcVZpRXRxNTRpSjlOZXhqMFJZTkpiZUVqeDJMdVplSGh4NkE3N20zOExLUmRVbFBFNWdj?oc=5) · Independent Mail
- 2026-03-13 [Nina C. (Harrelson) Vause Obituary Mar 21, 2020 - Layton Anderson Funeral Home](https://news.google.com/rss/articles/CBMickFVX3lxTFBROFJOV2xfVWRscklJb01PNDkzU050YWJkN3Bld3lwaFM0bXRmWTh4bVNpc3d1OHBlZERUdjZiOGVrWjJkUC1vX0dWcFdOc21iU1RjclhobWdMYVp0VVZQX1lvUEdQZ2RmZ0puRVJqSzdRQQ?oc=5) · Layton Anderson Funeral Home
- 2026-01-16 [South Carolina football lands transfer quarterback from MAC school - The State](https://news.google.com/rss/articles/CBMipgFBVV95cUxQYkQ4SHlkUkg3ZFFzYkRvWElqSXNORVJvRkhNZzQ1THZQT0xuMGNHLVJmbGRuY3cyLUdXTldXdmNOQVNlUVNYVE43MXFsQzk3R0tNOTVyYVRDdlJwVUlOVDM5TXZHdTZTSXFadWNQUERORkI4c09yTjVQLXlxRVhoQWlsWVV2VXR2VGNET2NfY3RTMDNOX0ZiQmg2VkpJLXlyUnRWVE5n0gGmAUFVX3lxTE05RzhRNXRyUUxZbkdZM2U3Q3I5ZjYxa0xZTkJXbjVNSU5XMl9vUEFMdVFPUDE2SUdWcnotMllXVHh3eGp5X2NMT2drNFpiSHBSOG55VU1FSzVkOF96anZxWmFXT2w3enZmLXN4RVNmYXJCTXRJbFNtZndFMUJWVElSU3FaN2FUVm5KWkVfN1Z1eURVLWh3T29nRW5iNHU5QW80SVBWZFE?oc=5) · The State
- 2020-08-21 [Anderson Federal Credit Union and SC Telco Federal Credit Union announce name of new merged organization - upstate business journal](https://news.google.com/rss/articles/CBMi8AFBVV95cUxPU0Z1LVZVcFVYWmhFS2NucGZyOFE0bmt5NFlpdEkzSVN5cXlfS3k2ZXQwZnBza3hXelpBV09IRjBuTlJpWll2S00wMGd4UTI2WkliX3NMRFdYUVJldUY1SU9jNGp4MmtMRVpFQjdEZHNEal9SUzgybEV6VmhoSV9JWXZ6emdnRTM4ZVY1cm1zWjUyeVpqQXlhaWpmZWlmVzdCUEZTQnUxdGVYR2VCbmNJTzYxNVlYc1p0QXBld3JhVFNxV2MzRGhPbTJqS3dsSWdXbWQ3UzVlUTZTUW8wdUQwbzB1SUk3c2Q0b1V6YkhacGg?oc=5) · upstate business journal
- 2026-02-03 [STAIND announce 'Break the Cycle' 25th anniversary tour with SEETHER - Revolver Magazine](https://news.google.com/rss/articles/CBMipAFBVV95cUxObDY4NzBQN2JTd1FpcjNEUzNXS3N3LXo3VmJfQnB0NTdoS0xwX3JROEFOU01odkZUQ2tVQ19OT05kTDlWYVNpazdrbTVCakxkQXZ2OGo5WE9kcGxXUWxpWUFMdDZoMmNhQzUwNTdfQVpXNFdPdGdBTEh6Tl81ZDg5VDE5QUtIX2JLSnAzQmhQczV2aEx1U25kY3huSjV4V2Y4UnZwZQ?oc=5) · Revolver Magazine
- 2020-08-26 [Credit unions in South Carolina unveil post-merger branding - American Banker](https://news.google.com/rss/articles/CBMirAFBVV95cUxNRGpNQURWbzVBU0N6cldORmRaNFdpZUh5ejhUZ1NZdjFYZk9jYzVFOGJ3Z28yYXZWWjBkZHRiYVRWRnVKN0dVWHNucHZ3U29jd05BQ3FkaU9va3ZTWEJ0U2tCa2tqTC0yNG9iWEZkUm11WVdFaWQ3eUJMLXFCR1R5T0IxMnF3UTdCWjVJYnptTzd4dmJtMnl1YWJNWkVGMkpLWmp5TEFOUDlqbXFR?oc=5) · American Banker

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=8470 (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/22.json (key "8470", 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=8470
- 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