# WATER'S EDGE
Biloxi, MS · NCUA charter 8593 · asset band <$50M · latest filing 2026-03 · live
Share link (named URL with a preview card): https://getbookiq.com/cu/water-s-edge-8593

Who the members are: federal charter, government (single sponsor), organized 1953, low-income designated. 597 members of 2,000 potential (29.9% of the field); checking penetration 0% (share draft accounts per 100 members); loans per 100 members 38.

**Verdict on the desk:** this could be *stressed*. 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 | $5.1M |
| Members | 597 (-4.6% YoY) |
| Full-time staff | 2 |
| Net worth | $357,689 |
| Net worth ratio | 7.0% (p2 of band) |
| ROA (annualized) | -0.30% (p18 of band) |
| Total delinquency | 1.10% (p64 of band) |
| Net charge-offs (annualized) | -0.22% (p7 of band) |
| Loans / shares | 54% (p45 of band) |
| Cash / assets | 45.2% |
| Borrowings / assets | 4.87% |
| Net interest margin | 4.00% (p55 of band) |
| Operating expense / assets | 4.64% (p73 of band) |
| Vehicles % of loans | 79% (p82 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 0% |
| Third-party paper % of net worth | 0% (p43 of band) |
| Vehicle delinquency | 1.30% (p70 of band) |
| Vehicle NCO | 1.01% (p87 of band) |
| Repossessed % of vehicle book | 0.00% (p46 of band) |
| Real estate % of loans | 0% |
| Credit cards % of loans | 0% |
| Unsecured % of loans | 16% |
| Commercial % of net worth | 0% |
| Core shares % of member funds | 48% |
| Certificates % of member funds | 51% |
| Average share balance | $6,619 |
| Participations bought / yr | $0 |
| Participations sold / yr | $0 |
| Participations outstanding | – |
| Loans outstanding per 100 members | 38% |
| Loans granted per 100 members, annualized | 14% |
| Average loan balance | $10,630 |
| Loans granted, annualized | $1.0M |

## Flags firing in the latest filing

- **thin capital** (`cap_low`)
- **capital below 7%** (`cap_critical`)
- **losing money** (`earn_negative`)
- **delinquency rising** (`aq_dq_rising`)
- **assets shrinking** (`shrink_assets`)
- **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 | 4 | losing money, delinquency 2x band, charge-offs p90, auto monoline |  |
| 2016-06 | 2 |  | losing money, charge-offs p90 |
| 2016-09 | 2 |  |  |
| 2016-12 | 4 | losing money, charge-offs p90 |  |
| 2017-03 | 8 | net worth falling, delinquency rising, members leaving, loan book shrinking |  |
| 2017-06 | 5 |  | losing money, charge-offs p90, net worth falling |
| 2017-09 | 6 | charge-offs p90, assets shrinking | delinquency rising |
| 2017-12 | 9 | net worth falling, losing money, margin squeeze |  |
| 2018-03 | 7 |  | charge-offs p90, net worth falling |
| 2018-06 | 8 | charge-offs p90 |  |
| 2018-09 | 6 |  | loan book shrinking, assets shrinking |
| 2018-12 | 6 | assets shrinking | losing money |
| 2019-03 | 5 | net worth falling, losing money | delinquency 2x band, charge-offs p90, assets shrinking |
| 2019-06 | 4 |  | net worth falling |
| 2019-09 | 5 | delinquency 2x band |  |
| 2019-12 | 6 | net worth falling, loan book shrinking | delinquency 2x band |
| 2020-03 | 7 | charge-offs p90, assets shrinking | margin squeeze |
| 2020-06 | 6 | expense trap | charge-offs p90, assets shrinking |
| 2020-09 | 7 | margin squeeze |  |
| 2020-12 | 7 | thin capital | loan book shrinking |
| 2021-03 | 8 | capital below 7%, delinquency 2x band, delinquency rising | members leaving, expense trap, margin squeeze |
| 2021-06 | 6 |  | delinquency 2x band, delinquency rising |
| 2021-09 | 6 |  |  |
| 2021-12 | 3 |  | net worth falling, capital below 7% |
| 2022-03 | 6 | margin squeeze, delinquency 2x band, assets shrinking |  |
| 2022-06 | 6 | delinquency rising, members leaving | losing money, margin squeeze |
| 2022-09 | 7 | loan book shrinking |  |
| 2022-12 | 5 |  | members leaving, loan book shrinking |
| 2023-03 | 6 | capital below 7%, net worth falling | auto monoline, assets shrinking |
| 2023-06 | 7 | margin squeeze, members leaving, auto monoline | delinquency rising, net worth falling |
| 2023-09 | 6 |  | members leaving |
| 2023-12 | 8 | losing money, members leaving, leaning on borrowings | margin squeeze |
| 2024-03 | 4 |  | capital below 7%, losing money, leaning on borrowings |
| 2024-06 | 7 | losing money, charge-offs p90, assets shrinking, loan book shrinking | delinquency 2x band |
| 2024-09 | 7 | delinquency 2x band | charge-offs p90 |
| 2024-12 | 9 | delinquency rising, charge-offs p90 |  |
| 2025-03 | 6 | net worth falling | losing money, delinquency 2x band, delinquency rising, charge-offs p90 |
| 2025-06 | 6 | losing money, delinquency rising | assets shrinking, net worth falling |
| 2025-09 | 3 |  | loan book shrinking, losing money, delinquency rising |
| 2025-12 | 8 | capital below 7%, losing money, delinquency 2x band, delinquency rising |  |
| 2026-03 | 9 | assets shrinking, loan book shrinking | delinquency 2x band |

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

- 2026-06-30 [CenturyFirst FCU Plans Merger With Water's Edge FCU - cutoday.info](https://news.google.com/rss/articles/CBMimAFBVV95cUxORENaUF8yREt0MGpzZGxJbXY2ak9paC0zX1JNdjdhcG5Gd0Q5cHhxbEFuT1laYV9kLU1uejdyYXBTZ0tHSHhfbzU2ZGFjMHR2SkM0OXE2U015NUJOVWpWRE1ZYTlSM0hrbk0tRnNRakhkU0o2TTE5N0lvRVZSTHRjdHAtS0hOTUtEUmpjVi1xN04wV09EUEphTg?oc=5) · cutoday.info
- 2018-12-13 [Bomb Threats Sent to Schools and Businesses Across U.S. (Published 2018) - The New York Times](https://news.google.com/rss/articles/CBMif0FVX3lxTFBnanlzY2E4VHhpOUNBREx6a1ZhWUQyNDRTV3ZNb2MyZmY0QVJlTG5DM1hPT09fVTJyV0lMWm9rNGY5UnJJLTlqa1l2TUxtcWpmXzJ5TnF2c0NxbGhNM01KVVpnTW9IT1h0d3QtZE9Xenh2cnJXNC03Nms3WlVpMms?oc=5) · The New York Times

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=8593 (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/17.json (key "8593", 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=8593
- 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