# CECIL COUNTY SCHOOL EMPLOYEES
ELKTON, MD · NCUA charter 8549 · asset band <$50M · latest filing 2025-12 · stopped filing after 2025-12 (departed; for a credit union that is almost always a merger)
Share link (named URL with a preview card): https://getbookiq.com/cu/cecil-county-school-employees-8549

Who the members are: federal charter, multiple common bond, organized 1953. 2,497 members of 25,500 potential (9.8% of the field); checking penetration 61% (share draft accounts per 100 members); loans per 100 members 70.

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

## What the filing shows

| Measure | Value |
|---|---|
| Total assets | $25.1M |
| Members | 2,497 (-9.9% YoY) |
| Full-time staff | 4 |
| Net worth | $2.1M |
| Net worth ratio | 8.3% (p6 of band) |
| ROA (annualized) | -2.34% (p3 of band) |
| Total delinquency | 1.54% (p70 of band) |
| Net charge-offs (annualized) | 0.89% (p80 of band) |
| Loans / shares | 40% (p21 of band) |
| Cash / assets | 57.2% |
| Borrowings / assets | 0.00% |
| Net interest margin | 3.74% (p41 of band) |
| Operating expense / assets | 6.19% (p91 of band) |
| Vehicles % of loans | 73% (p70 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 0% |
| Third-party paper % of net worth | 0% (p43 of band) |
| Vehicle delinquency | 0.74% (p56 of band) |
| Vehicle NCO | 0.35% (p63 of band) |
| Repossessed % of vehicle book | 0.38% (p96 of band) |
| Real estate % of loans | 0% |
| Credit cards % of loans | 17% |
| Unsecured % of loans | 26% |
| Commercial % of net worth | 0% |
| Core shares % of member funds | 95% |
| Certificates % of member funds | 2% |
| Average share balance | $5,087 |
| Participations bought / yr | $0 |
| Participations sold / yr | $0 |
| Participations outstanding | – |
| Loans outstanding per 100 members | 70% |
| Loans granted per 100 members, annualized | 6% |
| Average loan balance | $5,196 |
| Loans granted, annualized | $2.0M |

## Flags firing in the latest filing

- **thin capital** (`cap_low`)
- **losing money** (`earn_negative`)
- **expense trap** (`earn_opex`)
- **delinquency 2x band** (`aq_dq_high`)
- **members leaving** (`shrink_members`)
- **loan book shrinking** (`shrink_loans`)
- **auto monoline** (`str_vehicle`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 2 | thin capital, delinquency 2x band |  |
| 2016-06 | 1 |  | delinquency 2x band |
| 2016-09 | 3 | net worth falling, delinquency 2x band |  |
| 2016-12 | 2 |  | net worth falling |
| 2017-03 | 1 |  | delinquency 2x band |
| 2017-06 | 3 | net worth falling, repo signal |  |
| 2017-09 | 2 | delinquency 2x band | net worth falling, repo signal |
| 2017-12 | 1 |  | delinquency 2x band |
| 2018-03 | 1 |  |  |
| 2018-06 | 3 | delinquency 2x band, assets shrinking |  |
| 2018-09 | 2 |  | assets shrinking |
| 2018-12 | 2 |  |  |
| 2019-03 | 1 |  | delinquency 2x band |
| 2019-06 | 2 | delinquency 2x band |  |
| 2019-09 | 3 | losing money |  |
| 2019-12 | 5 | net worth falling, delinquency rising |  |
| 2020-03 | 5 | charge-offs p90, assets shrinking | losing money, net worth falling |
| 2020-06 | 7 | losing money, margin squeeze, loan book shrinking, auto monoline | delinquency rising, assets shrinking |
| 2020-09 | 8 | net worth falling, members leaving | delinquency 2x band |
| 2020-12 | 9 | delinquency 2x band |  |
| 2021-03 | 11 | capital below 7% |  |
| 2021-06 | 7 |  | losing money, net worth falling, capital below 7% |
| 2021-09 | 7 |  |  |
| 2021-12 | 6 |  | charge-offs p90 |
| 2022-03 | 4 |  | margin squeeze, auto monoline |
| 2022-06 | 5 | 3rd-party paper>100% NW, auto monoline | members leaving |
| 2022-09 | 6 | assets shrinking, members leaving | loan book shrinking |
| 2022-12 | 6 |  |  |
| 2023-03 | 7 | delinquency rising, charge-offs p90 | 3rd-party paper>100% NW |
| 2023-06 | 5 |  | thin capital, charge-offs p90 |
| 2023-09 | 5 | charge-offs p90 | delinquency rising |
| 2023-12 | 4 |  | charge-offs p90 |
| 2024-03 | 4 |  |  |
| 2024-06 | 5 | losing money |  |
| 2024-09 | 3 |  | members leaving, losing money |
| 2024-12 | 4 | members leaving |  |
| 2025-03 | 4 | losing money | delinquency 2x band |
| 2025-06 | 3 |  | losing money |
| 2025-09 | 4 | delinquency 2x band, loan book shrinking | assets shrinking |
| 2025-12 | 7 | thin capital, losing money, expense trap |  |

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

- 2025-12-16 [Merger Approved for First Financial FCU, Cecil County School Employees FCU - CUTimes](https://news.google.com/rss/articles/CBMirgFBVV95cUxPRkQzRXJMVDFmMGRBYWlyQ0xBWl9SS2ZUS3U3YlB6WjVHR0gwQWE4V3pvZURNR1dWZEY5TUp5MUczNTlkNW9CZUcyNWJpUDg0OWpPaW9zM1RUdGRobkc3QWlVb1lLR0Z2Zy1YMDRMTXo1YWJSODdfcU9odzFrellEVWt0TUdwT1hOYjctYjlCMVkyRTRXTVFXRDlZdUdpcExidk9aYXVZSlhDRlBuM3c?oc=5) · CUTimes
- 2025-12-16 [Baltimore County credit union to enter new territory with acquisition - The Business Journals](https://news.google.com/rss/articles/CBMiqAFBVV95cUxPSGhxbWs1cEx4cUNQVWxmRy1pUnROaWdWaVBmdWl6SFhST1lqWUlsSmdMNnV6eHYwdHNhaEwtUHQ4YWR2cHdIbzdtS1ZqaGtiNjg5WC02OUNKWFMtMFZSS1RFQ01vVzZiTmNNZHAzWDQ2eVMybmtYaVE2U3R6NXZyXzNEZUEtdm1jLVd6WDg0Q3Fmc1BCUXZOcFowd0FLcFpxNjN4QUtpUTU?oc=5) · The Business Journals
- 2019-09-22 [Mary Ann Celeste (Gray) Vannoy Obituary Sep 22, 2019 - Crouch Funeral Home](https://news.google.com/rss/articles/CBMia0FVX3lxTE51UTJDcHJoSGxFa1FWaUI1VVlXRzRmNnU4YTZSN3BUeXZ2amYwdnBZdV90UHA2a0syamNZS3dNWTB4NkhTcXZHenpQU2o3MVQzZ0lVaXZ3S1E5ci0yRXZyQ3poTTVZZU1pVDNv?oc=5) · Crouch Funeral Home

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=8549 (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/37.json (key "8549", 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=8549
- 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