# ELLAFI
Middletown, CT · NCUA charter 854 · asset band $100-200M · latest filing 2026-03 · live
Share link (named URL with a preview card): https://getbookiq.com/cu/ellafi-854

Who the members are: federal charter, community charter, organized 1935. 9,893 members of 417,953 potential (2.4% of the field); checking penetration 84% (share draft accounts per 100 members); loans per 100 members 142.

**Verdict on the desk:** this could be *stressed*. Composite score 5 of 18 (one point per flag across 17 flags, capital below 7% counted twice).

## What the filing shows

| Measure | Value |
|---|---|
| Total assets | $177.8M |
| Members | 9,893 (-21.7% YoY) |
| Full-time staff | 37 |
| Net worth | $12.9M |
| Net worth ratio | 7.2% (p1 of band) |
| ROA (annualized) | 0.15% (p16 of band) |
| Total delinquency | 0.47% (p39 of band) |
| Net charge-offs (annualized) | 0.29% (p44 of band) |
| Loans / shares | 70% (p49 of band) |
| Cash / assets | 4.2% |
| Borrowings / assets | 0.10% |
| Net interest margin | 3.50% (p40 of band) |
| Operating expense / assets | 4.76% (p83 of band) |
| Vehicles % of loans | 30% (p37 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 35% |
| Third-party paper % of net worth | 114% (p72 of band) |
| Vehicle delinquency | 0.36% (p34 of band) |
| Vehicle NCO | 0.20% (p30 of band) |
| Repossessed % of vehicle book | 0.00% (p32 of band) |
| Real estate % of loans | 55% |
| Credit cards % of loans | 3% |
| Unsecured % of loans | 12% |
| Commercial % of net worth | 4% |
| Core shares % of member funds | 63% |
| Certificates % of member funds | 24% |
| Average share balance | $6,193 |
| Participations bought / yr | $9.0M |
| Participations sold / yr | $0 |
| Participations outstanding | $14.3M |
| Loans outstanding per 100 members | 142% |
| Loans granted per 100 members, annualized | 183% |
| Average loan balance | $8,003 |
| Loans granted, annualized | $44.4M |

## Participation posture (from the same filings)

Bought $9.0M and sold $0 in the latest annualized quarter; $14.3M outstanding purchased (110.9% of net worth), $0 sold and retained. Sold in 0 and bought in 8 of the last 8 quarters. Shares 0.9% year over year.

## Flags firing in the latest filing

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

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 3 | thin capital, expense trap, 3rd-party paper>100% NW |  |
| 2016-06 | 5 | losing money, delinquency 2x band |  |
| 2016-09 | 4 |  | losing money |
| 2016-12 | 3 |  | delinquency 2x band |
| 2017-03 | 5 | net worth falling, losing money |  |
| 2017-06 | 5 | delinquency 2x band | net worth falling |
| 2017-09 | 6 | members leaving |  |
| 2017-12 | 6 | assets shrinking | losing money |
| 2018-03 | 5 | losing money | delinquency 2x band, assets shrinking |
| 2018-06 | 6 | auto monoline |  |
| 2018-09 | 6 | loans>95% of shares, leaning on borrowings | members leaving, losing money |
| 2018-12 | 5 |  | leaning on borrowings |
| 2019-03 | 4 |  | loans>95% of shares |
| 2019-06 | 6 | delinquency rising, members leaving |  |
| 2019-09 | 7 | losing money, assets shrinking, loan book shrinking | delinquency rising, members leaving |
| 2019-12 | 10 | delinquency 2x band, delinquency rising, members leaving |  |
| 2020-03 | 6 |  | auto monoline, assets shrinking, delinquency 2x band, delinquency rising |
| 2020-06 | 9 | net worth falling, margin squeeze, delinquency 2x band |  |
| 2020-09 | 10 | capital below 7% | loan book shrinking |
| 2020-12 | 9 |  | delinquency 2x band |
| 2021-03 | 7 | charge-offs p90 | 3rd-party paper>100% NW, losing money, margin squeeze |
| 2021-06 | 7 | 3rd-party paper>100% NW | net worth falling |
| 2021-09 | 6 |  | charge-offs p90 |
| 2021-12 | 6 |  |  |
| 2022-03 | 6 |  |  |
| 2022-06 | 6 |  |  |
| 2022-09 | 4 |  | capital below 7% |
| 2022-12 | 6 | capital below 7% |  |
| 2023-03 | 6 | net worth falling | expense trap |
| 2023-06 | 5 | expense trap, delinquency rising | capital below 7%, net worth falling |
| 2023-09 | 4 |  | delinquency rising |
| 2023-12 | 4 |  |  |
| 2024-03 | 5 | losing money, delinquency rising | expense trap |
| 2024-06 | 5 |  |  |
| 2024-09 | 6 | assets shrinking |  |
| 2024-12 | 3 |  | losing money, delinquency rising, assets shrinking |
| 2025-03 | 3 |  |  |
| 2025-06 | 3 |  |  |
| 2025-09 | 4 | expense trap |  |
| 2025-12 | 5 | net worth falling |  |
| 2026-03 | 5 | delinquency rising | expense trap |

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

- 2026-03-27 [Ellafi Federal Credit Union - wfsb.com](https://news.google.com/rss/articles/CBMidEFVX3lxTE0xdFVpbUhrcXNTeGMyNkNOYjlBb1JONWF5MjRRRTVSaW1wNkNkOUpyUndrWHFHNlpHVEdXQXNieVUwRnJsNld6dGQyRUI3aEppRnBBZzZuQ1gwc1J0Wi1iZlc5MWlpb2taY2ZwMG1BNjhLRHdZ?oc=5) · wfsb.com
- 2026-01-22 [CT credit union hit with proposed class-action lawsuit over data breach affecting 17,600+ - Hartford Business Journal](https://news.google.com/rss/articles/CBMiWkFVX3lxTE83QWQxY211WDNsWXJMUTl4cllvcW5oUlFlRVQ5WkJjX2N4WVVtSjU5T0thQk1jamxmU1I5OEFiNG9FeFhGRzcxN3RNSWl2eEJnWGdzTUZKQWdOUQ?oc=5) · Hartford Business Journal
- 2025-09-08 [CT credit union plans new full-service branch. It hopes to improve ‘convenience’. - Hartford Courant](https://news.google.com/rss/articles/CBMiswFBVV95cUxPeDlVOWNJRHNCZXhDYTlPRWkzQkFLMnV6V2JfSV9aTGJaZlF5UEdLSnJ5OE1wTEtXVFlZRTJreFNHSzNDaUNib2Jxa2RFQWFPZy1XVTdZVzJLa1EwNzdZdDh5TDBpcWFyWmhrUEZjZnpsSGgzNTBnMDhZWlVnNUVUdXBIb1NCd3ZDbHNWQThWMVpmNzNiOS13bW9MQm1FSDR2dnh6RUh1bGtXS1A5T195S1JuZw?oc=5) · Hartford Courant
- 2026-01-14 [Ellafi Federal Credit Union empowers women through Ellafi Kind - CUInsight](https://news.google.com/rss/articles/CBMikwFBVV95cUxQYW10dmw0LVpPMjF6dnI5UW5jYS16MzZuSE96bDIyaGNfVzZWNjM0bS1WNE9DZFdBYzZlVnYyZjNBTnpRM1hQZ01rNE5xSUhLLXJJZXFHZnNqVFZrcll4emJ5OTBsZ0FJMGdFeEJfOC1uSkRiOUFjMkFCVHdvUHNsTVZaTmlaN0FUSjE3YmtvbFFYTkE?oc=5) · CUInsight
- 2025-04-28 [Seasons Federal Credit Union Rebrands to Ellafi Federal Credit Union - Business Wire](https://news.google.com/rss/articles/CBMiwwFBVV95cUxQT1hhdWc0RGNaN3MwUFdaWVBvR1FqaEJCdjhHRks3UUZhdWJYdHJ3NWhtOGtaS052V25HSjBqcDQybGc1bnoteHY5SVY2RHFHTXFrd1oxaWFsSkpxQnRTNGFQYTA1TWd0akpKWllXbUNjekhDY1FobXBVYzJjX1hNODk3RDMwMkg1V1ctOWdyX2JTTnVsM0JhMUxPbzZIaXlwdUlGNzhpY1VvQ2IyUmZwSXUxc3FUTVRKbkp2ckhib3VjYVU?oc=5) · Business Wire
- 2025-04-28 [Major CT credit union rebrands - Hartford Business Journal](https://news.google.com/rss/articles/CBMid0FVX3lxTE13cHJmVXlReDVpSUtBamhlVk1faElqMXlPVndZY0RxWURtYVN6aWVBYlA0SnBWWUFheFVMaTQ4WmhTam1NVllUTjdIYU1FZGlSNWszdzd4Mno2Q0ZrbzhBWURWcVA5aFFTcEtvYlBOeGhCQldGcFhR?oc=5) · Hartford Business Journal
- 2025-05-08 [Ellafi Federal Credit Union - wfsb.com](https://news.google.com/rss/articles/CBMidEFVX3lxTE01SEZsLWNaYlRtcUc4RWVNRHlUaTVzcERBdGd6Qm43aFN3aVB2Y096RHdhZWg5YW0yQUFqaWdlTDlyN2Z4MlZVQWxaN19aUzY0NHhPU3c4RF92cFI4aTdRR245Z2lMNGpXNzNNSjhtb2lMcHln?oc=5) · wfsb.com
- 2025-07-10 [Middletown repurposes $565,000 ARPA money after Dairy Queen project falls through - ctinsider.com](https://news.google.com/rss/articles/CBMipAFBVV95cUxPVFdWdFplSEYtemNhQW1PLV9kb0Y3MjlCUVZzRWJNaVBIN2hvbVQzUWkycDdFMVpQLWZpUHRJQV9SZUoxQXpmaUdCT0VOcVhieDVmUEpZYXFIc1FJV3NSb0FQZGV0ZG1PQnNyRDV1V2xDUXFtUmhfbmNJSV8waDlQTUlEdXJJem55dHprdGJMTFczME81U2JXcTRoQ2paaUhzOWNneQ?oc=5) · ctinsider.com

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=854 (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 "854", 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=854
- 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