# SALT CITY
Solvay, NY · NCUA charter 8512 · asset band $100-200M · latest filing 2026-03 · live
Share link (named URL with a preview card): https://getbookiq.com/cu/salt-city-8512

Who the members are: federal charter, community charter, organized 1953, low-income designated. 7,032 members of 15,000 potential (46.9% of the field); checking penetration 51% (share draft accounts per 100 members); loans per 100 members 88.

**Verdict on the desk:** this could be *indirect buyer*. Composite score 4 of 18 (one point per flag across 17 flags, capital below 7% counted twice).

## What the filing shows

| Measure | Value |
|---|---|
| Total assets | $117.0M |
| Members | 7,032 (3.6% YoY) |
| Full-time staff | 21 |
| Net worth | $10.5M |
| Net worth ratio | 9.0% (p13 of band) |
| ROA (annualized) | 0.37% (p29 of band) |
| Total delinquency | 0.52% (p43 of band) |
| Net charge-offs (annualized) | 0.22% (p36 of band) |
| Loans / shares | 66% (p42 of band) |
| Cash / assets | 30.4% |
| Borrowings / assets | 0.00% |
| Net interest margin | 3.00% (p14 of band) |
| Operating expense / assets | 3.56% (p48 of band) |
| Vehicles % of loans | 58% (p83 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 71% |
| Third-party paper % of net worth | 278% (p94 of band) |
| Vehicle delinquency | 0.30% (p29 of band) |
| Vehicle NCO | 0.17% (p27 of band) |
| Repossessed % of vehicle book | 0.00% (p32 of band) |
| Real estate % of loans | 24% |
| Credit cards % of loans | 6% |
| Unsecured % of loans | 10% |
| Commercial % of net worth | 0% |
| Core shares % of member funds | 51% |
| Certificates % of member funds | 35% |
| Average share balance | $8,082 |
| Participations bought / yr | $0 |
| Participations sold / yr | $0 |
| Participations outstanding | $1.8M |
| Loans outstanding per 100 members | 88% |
| Loans granted per 100 members, annualized | 13% |
| Average loan balance | $11,230 |
| Loans granted, annualized | $20.8M |

## Participation posture (from the same filings)

Bought $0 and sold $0 in the latest annualized quarter; $1.8M outstanding purchased (17.0% of net worth), $0 sold and retained. Sold in 0 and bought in 3 of the last 8 quarters. Shares 10.5% year over year.

## Flags firing in the latest filing

- **thin capital** (`cap_low`)
- **net worth falling** (`cap_falling`)
- **delinquency rising** (`aq_dq_rising`)
- **3rd-party paper>100% NW** (`str_thirdparty`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 2 | thin capital, expense trap |  |
| 2016-06 | 2 |  |  |
| 2016-09 | 2 |  |  |
| 2016-12 | 2 |  |  |
| 2017-03 | 2 |  |  |
| 2017-06 | 2 |  |  |
| 2017-09 | 2 |  |  |
| 2017-12 | 2 |  |  |
| 2018-03 | 2 |  |  |
| 2018-06 | 3 | net worth falling |  |
| 2018-09 | 2 |  | net worth falling |
| 2018-12 | 3 | delinquency rising |  |
| 2019-03 | 4 | net worth falling, charge-offs p90 | delinquency rising |
| 2019-06 | 3 |  | net worth falling |
| 2019-09 | 3 |  |  |
| 2019-12 | 3 | net worth falling | charge-offs p90 |
| 2020-03 | 5 | losing money, margin squeeze |  |
| 2020-06 | 5 | capital below 7% | expense trap, losing money |
| 2020-09 | 2 |  | net worth falling, capital below 7% |
| 2020-12 | 2 |  |  |
| 2021-03 | 3 | capital below 7% | margin squeeze |
| 2021-06 | 1 |  | capital below 7% |
| 2021-09 | 2 | margin squeeze |  |
| 2021-12 | 2 |  |  |
| 2022-03 | 2 | charge-offs p90 | margin squeeze |
| 2022-06 | 1 |  | charge-offs p90 |
| 2022-09 | 2 | members leaving |  |
| 2022-12 | 2 | charge-offs p90 | members leaving |
| 2023-03 | 2 | delinquency rising | charge-offs p90 |
| 2023-06 | 2 | delinquency 2x band | thin capital |
| 2023-09 | 1 | assets shrinking | delinquency rising, delinquency 2x band |
| 2023-12 | 3 | delinquency 2x band, delinquency rising, 3rd-party paper>100% NW | assets shrinking |
| 2024-03 | 5 | thin capital, net worth falling, margin squeeze | 3rd-party paper>100% NW |
| 2024-06 | 4 | 3rd-party paper>100% NW | delinquency 2x band, delinquency rising |
| 2024-09 | 2 |  | thin capital, net worth falling |
| 2024-12 | 2 |  |  |
| 2025-03 | 1 |  | margin squeeze |
| 2025-06 | 1 |  |  |
| 2025-09 | 1 |  |  |
| 2025-12 | 2 | delinquency rising |  |
| 2026-03 | 4 | thin capital, net worth falling |  |

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

- 2026-09-01 [Paul M. Leo's Obituary, Visitation & Funeral Information - Thomas J. Pirro Jr. Funeral Home](https://news.google.com/rss/articles/CBMibkFVX3lxTE0tSTRuMTVmNEtMYUE3NWJBemFMckFCZFZCM1ZkX29tM09jYnBXT0N5enNCeEo2bEJSbW1EVzlMY0RialB1bUoxcVpBTzI1WFQwWjRzSzYtdlJ5ODctbHBRTU95dnNtdktLVk1xUE5R?oc=5) · Thomas J. Pirro Jr. Funeral Home
- 2026-04-11 [Credit Unions Continue to See Growth in Membership, Assets - Oswego County Business Magazine](https://news.google.com/rss/articles/CBMilgFBVV95cUxPMERkZzJiZ3FTcWs2eEFoOUpRbUFCNTFPV2N0ckN3OXNVM1p5d3Zrb0UtMzZTRVp1QldlTUpTSmlpRmhhekQtNDllMWdadGlad2R6N21Qb052VDhwdlJ4TUlCZHdMOFcteERkSFVjTzgyWFdwMTN3RlJ6R21mS25sZmtDLVJ5S1U3OTRTNWFuSl9jWjdZZHc?oc=5) · Oswego County Business Magazine
- 2023-10-20 [St. Joe’s Amp in Syracuse gets a new name, starting today - Syracuse.com](https://news.google.com/rss/articles/CBMinwFBVV95cUxPWW5uSldwRGsxeFpMY0haZDc0T2xvYjlwem9raFZ0TG41MnZLempEb2sycXlKRmRhOEFEMzJtSmV0YTVicW9PQTRPbFZURGFXbUZoX0VFMGRDS0NCRnhSSWNBQk5WRnJaZFdfdEp4eHZFblpkb2ZGNFU4c1JjY28xeTVHd1JtMHJzOW1EYW5NX2lMbnhxeXFmRmRVN1BCSkk?oc=5) · Syracuse.com
- 2023-10-20 [Hello, Empower FCU Amphitheater: Syracuse concert venue’s name sold in 7-year, $4M deal - Syracuse.com](https://news.google.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?oc=5) · Syracuse.com
- 2024-04-17 [Peter Rees Obituary (1936 - 2024) - Syracuse, NY - Syracuse.com](https://news.google.com/rss/articles/CBMijwFBVV95cUxNUWEtZW1Db0ZKWmVVekhjcWJ5U2dQUnY4c0pzTWxwYThBcE9oVWZLczIwNXZ0czJKOTBjbDVBRHVUcllYdDlxZlI1OUk5dTRXeXhoLU5GUTNfRDRvelBkbkpBOU9jQXRvOXB2dDJXSy1DOWpBTi1fMXh5V0VZZy1IZnBqa2lxR1dGV0MzdGttVQ?oc=5) · Syracuse.com
- 2026-03-01 [Downtown Dining Weeks return with deals at 50-plus Syracuse restaurants - Syracuse.com](https://news.google.com/rss/articles/CBMitAFBVV95cUxNRUNrTWVRUWZfak1JX3RsNVk5NWJMeHhDanFGTHhua21yUEtKRDlWY2Q4RzROQ2J2MVBGOTZSakxpYmRWQ1k3OGpaeWV5QjBZM1pYbTBFTkNhaW9MdUdpckNZM1A1dUJCQU5lRWFqTGoyNU10SFNqeXhNZ0tuNEZKcVFkN2xnSFlhampxYzZWUFduV3Z1SzBDdzQ5ZUJYYzBoejBxM05uNXNTOGFOTXFWWjc3UHA?oc=5) · Syracuse.com
- 2024-09-23 [The Doobie Brothers, My Morning Jacket, LunaCon III: 17 things to do this week in Central NY - Syracuse.com](https://news.google.com/rss/articles/CBMizwFBVV95cUxQTUJ0NEVYd29ST245cThkSU1oc2pkTF94UmdQcDhnNXVDSWdnQkU4anMxcWs3WWdyZGVuX0l6Yi1YUFhERlpKeHg0aXVIcGtYTWlYaE4xNHVnSGxEX3FTZ0pJc0dsV213ZllNaFB2TG1HMGs1dnBTUGlKYTMxQ2Y3dEJHTVdZdVBCRnZwazNrZGYyaHF1OGFpMV9nbi1sdFgzT290dXNjMjNuYTRkZGNJXzFYcjFoaTFsN09Ob3FzWk55d2VHMkFHekg1YXdVd1E?oc=5) · Syracuse.com
- 2024-03-01 [Syracuse Downtown Dining Weeks underway at 46 locations. See menus and details - Syracuse.com](https://news.google.com/rss/articles/CBMixgFBVV95cUxNY3ZRR0NNQUhWeFhFZnFYaWQ4d0VvSkppX29uY3lXZDlxb3o4SXJzcEVjNmNrZk9GWTN1VDJxRENuZTM2UnF1blNvS1FyY1plYkNkbDNVdGVCUkZ6ZncyeGZQcEJBMUN3dXR4bjFVb0x5allRWElmR1Bad204MThVZE9iYmFjMnlfaTFXX0hKeUJ1OFF5a0NCRlYwTlluREdYT2tDbzNvUXN0U0ZmRjBlSEZoaVp0VEYtZXZXTEo5cXFOTzNLaXc?oc=5) · Syracuse.com

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=8512 (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/0.json (key "8512", 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=8512
- 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