# CHELSEA EMPLOYEES
Chelsea, MA · NCUA charter 851 · asset band <$50M · latest filing 2026-03 · live
Share link (named URL with a preview card): https://getbookiq.com/cu/chelsea-employees-851

Who the members are: federal charter, multiple common bond, organized 1935, low-income designated. 2,248 members of 3,000 potential (74.9% of the field); checking penetration 43% (share draft accounts per 100 members); loans per 100 members 37.

**Verdict on the desk:** this could be *ordinary*. Composite score 1 of 18 (one point per flag across 17 flags, capital below 7% counted twice).

## What the filing shows

| Measure | Value |
|---|---|
| Total assets | $21.2M |
| Members | 2,248 (5.7% YoY) |
| Full-time staff | 4 |
| Net worth | $1.8M |
| Net worth ratio | 8.6% (p8 of band) |
| ROA (annualized) | 0.28% (p36 of band) |
| Total delinquency | 0.20% (p31 of band) |
| Net charge-offs (annualized) | 0.19% (p64 of band) |
| Loans / shares | 78% (p79 of band) |
| Cash / assets | 24.2% |
| Borrowings / assets | 1.18% |
| Net interest margin | 4.26% (p66 of band) |
| Operating expense / assets | 4.19% (p64 of band) |
| Vehicles % of loans | 55% (p41 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 0% |
| Third-party paper % of net worth | 0% (p43 of band) |
| Vehicle delinquency | 0.37% (p47 of band) |
| Vehicle NCO | 0.00% (p35 of band) |
| Repossessed % of vehicle book | 0.00% (p46 of band) |
| Real estate % of loans | 34% |
| Credit cards % of loans | 0% |
| Unsecured % of loans | 9% |
| Commercial % of net worth | 0% |
| Core shares % of member funds | 96% |
| Certificates % of member funds | 0% |
| Average share balance | $5,221 |
| Participations bought / yr | $0 |
| Participations sold / yr | $0 |
| Participations outstanding | – |
| Loans outstanding per 100 members | 37% |
| Loans granted per 100 members, annualized | 12% |
| Average loan balance | $17,708 |
| Loans granted, annualized | $5.4M |

## Flags firing in the latest filing

- **thin capital** (`cap_low`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 0 |  |  |
| 2016-06 | 0 |  |  |
| 2016-09 | 1 | auto monoline |  |
| 2016-12 | 1 |  |  |
| 2017-03 | 4 | thin capital, net worth falling, delinquency rising |  |
| 2017-06 | 2 |  | auto monoline, delinquency rising |
| 2017-09 | 2 | repo signal | net worth falling |
| 2017-12 | 1 |  | thin capital |
| 2018-03 | 4 | thin capital, delinquency 2x band, delinquency rising |  |
| 2018-06 | 0 |  | repo signal, thin capital, delinquency 2x band, delinquency rising |
| 2018-09 | 1 | delinquency rising |  |
| 2018-12 | 2 | assets shrinking |  |
| 2019-03 | 0 |  | delinquency rising, assets shrinking |
| 2019-06 | 0 |  |  |
| 2019-09 | 0 |  |  |
| 2019-12 | 0 |  |  |
| 2020-03 | 1 | net worth falling |  |
| 2020-06 | 4 | thin capital, margin squeeze, auto monoline |  |
| 2020-09 | 4 |  |  |
| 2020-12 | 4 |  |  |
| 2021-03 | 5 | losing money |  |
| 2021-06 | 7 | capital below 7% |  |
| 2021-09 | 7 |  |  |
| 2021-12 | 7 |  |  |
| 2022-03 | 7 | delinquency rising | margin squeeze |
| 2022-06 | 7 |  |  |
| 2022-09 | 6 |  | net worth falling |
| 2022-12 | 6 |  |  |
| 2023-03 | 5 |  | losing money |
| 2023-06 | 4 |  | delinquency rising |
| 2023-09 | 4 |  |  |
| 2023-12 | 2 |  | capital below 7% |
| 2024-03 | 2 |  |  |
| 2024-06 | 2 | delinquency rising | auto monoline |
| 2024-09 | 4 | assets shrinking, members leaving |  |
| 2024-12 | 3 |  | delinquency rising |
| 2025-03 | 2 |  | assets shrinking |
| 2025-06 | 2 |  |  |
| 2025-09 | 1 |  | members leaving |
| 2025-12 | 2 | delinquency rising |  |
| 2026-03 | 1 |  | delinquency rising |

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

- 2016-09-07 [Peter Kannler Obituary (1979 - 2016) - Chelsea, MA - Boston Herald - legacy.com](https://news.google.com/rss/articles/CBMikwFBVV95cUxNV25NbGw4RmNHMERoYmFabGlXUllPVjM3Z3ZDWW9YcktJTWI5cUhjOHpaSGo1QVBXcEVvSDJOcTJ4dXU4RTRBUlVWeUt3QzJOcklyS1pNeUREbVAyMjUtSHJTc0VDVFhYRnR2TmFzX2oxSTRWOGQxTVdCWG5JdWlfVnoyeDV2OG90c2M4MnhTeGR1MjQ?oc=5) · legacy.com
- 2011-03-07 [Mark E. Moschella - Obituary - Chelsea, MA - Smith Funeral Home - CurrentObituary.com](https://news.google.com/rss/articles/CBMiVEFVX3lxTE1OdEphOHpIUmZ4aWxza01BSERZYjUtUTJ0bnBQUklfOVh1eXROck9SdU1MS1FDUjhwZlNZd3R0MlBYNlp2UWItaUE3QmZ4bzQ4Uy0wRg?oc=5) · CurrentObituary.com
- 2021-10-08 [Mark Moschella Obituary (1962 - 2011) - Chelsea, MA - Boston Globe - legacy.com](https://news.google.com/rss/articles/CBMikwFBVV95cUxQWjJkTHBmZjJKOU5TSHNmU3RHZ1I4ck84VHRzLWlUVUxCQnJFSWNyY21SOHZIbzlRZFFGbzBrb1B0cWVjalJKYlB1VFBnMnFhZFNPZC1GLWNTcUpqcmhlX2hlUl9ENkNDS3lINWFsRFdvd1pUdktfemJ3RkN1d1pLWE51TlhGOFBMWnhkaWNKbHF0eGM?oc=5) · legacy.com
- 2013-04-14 [RICHARD PILCHER Obituary (1937 - 2013) - Chelsea, MA - Boston Globe - legacy.com](https://news.google.com/rss/articles/CBMilAFBVV95cUxNczFHMmVMNF9SeDR5LVhkZHVGM19iQWpSSURNSUhPZ0JMVzJ2T3lQVkV2QTZsTE82OUQ3ckVDNFBmUE9SLWxkR002UGU5RjZ0RExEdjFjcEhUTWdIVFk2OVFLanp0eTRYcER2V0RCQ3d0RDNNSlpFT2hwWDZuNmhXSjBhVlRFdjVIckNOUWlNQWNjR1NG?oc=5) · legacy.com

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=851 (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/19.json (key "851", 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=851
- 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