# RIEGELWOOD
Riegelwood, NC · NCUA charter 8660 · asset band $100-200M · latest filing 2020-12 · stopped filing after 2020-12 (departed; for a credit union that is almost always a merger)
Share link (named URL with a preview card): https://getbookiq.com/cu/riegelwood-8660

Who the members are: federal charter, multiple common bond, organized 1953, low-income designated. 12,333 members of 36,999 potential (33.3% of the field); checking penetration 43% (share draft accounts per 100 members); loans per 100 members 54.

**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 | $101.6M |
| Members | 12,333 (-1.5% YoY) |
| Full-time staff | 28 |
| Net worth | $14.5M |
| Net worth ratio | 14.3% (p88 of band) |
| ROA (annualized) | 0.29% (p33 of band) |
| Total delinquency | 2.42% (p97 of band) |
| Net charge-offs (annualized) | 0.99% (p94 of band) |
| Loans / shares | 61% (p41 of band) |
| Cash / assets | 32.5% |
| Borrowings / assets | 0.00% |
| Net interest margin | 3.85% (p97 of band) |
| Operating expense / assets | 4.42% (p91 of band) |
| Vehicles % of loans | 50% (p74 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 0% |
| Third-party paper % of net worth | 0% (p20 of band) |
| Vehicle delinquency | 1.12% (p86 of band) |
| Vehicle NCO | 1.07% (p88 of band) |
| Repossessed % of vehicle book | 0.06% (p77 of band) |
| Real estate % of loans | 17% |
| Credit cards % of loans | 8% |
| Unsecured % of loans | 23% |
| Commercial % of net worth | 0% |
| Core shares % of member funds | 59% |
| Certificates % of member funds | 12% |
| Average share balance | $4,446 |
| Participations bought / yr | $0 |
| Participations sold / yr | $0 |
| Participations outstanding | – |
| Loans outstanding per 100 members | 54% |
| Loans granted per 100 members, annualized | 11% |
| Average loan balance | $7,786 |
| Loans granted, annualized | $15.8M |

## Flags firing in the latest filing

- **expense trap** (`earn_opex`)
- **margin squeeze** (`earn_nim_squeeze`)
- **delinquency 2x band** (`aq_dq_high`)
- **charge-offs p90** (`aq_nco_high`)
- **loan book shrinking** (`shrink_loans`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 1 | delinquency 2x band |  |
| 2016-06 | 1 |  |  |
| 2016-09 | 1 |  |  |
| 2016-12 | 1 |  |  |
| 2017-03 | 1 |  |  |
| 2017-06 | 1 |  |  |
| 2017-09 | 3 | delinquency rising, charge-offs p90 |  |
| 2017-12 | 3 | losing money | delinquency rising |
| 2018-03 | 2 | net worth falling | charge-offs p90, losing money |
| 2018-06 | 1 |  | net worth falling |
| 2018-09 | 1 |  |  |
| 2018-12 | 1 |  |  |
| 2019-03 | 1 |  |  |
| 2019-06 | 1 |  |  |
| 2019-09 | 3 | charge-offs p90, assets shrinking |  |
| 2019-12 | 3 |  |  |
| 2020-03 | 3 |  |  |
| 2020-06 | 4 | net worth falling, loan book shrinking | assets shrinking |
| 2020-09 | 4 | margin squeeze | net worth falling |
| 2020-12 | 5 | expense trap |  |

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

- 2021-12-23 [REV Credit Union Completes Riegelwood Acquisition; Plans New Hanover Entry - wilmingtonbiz.com](https://news.google.com/rss/articles/CBMitwFBVV95cUxPcWRyUkRsT2sxRURVdjEwY2J6MHh1c1ljajk5RlNqM0F1RlZ3aF8zMjk1TWVTRm1hSmJUOUZRRUhkYXFKczlacEVla0xja0lTY0dOcndSUFcwVy1IblpxR2pCcGZTMWRNaE9fM2JSUzc0VGxfZ21rUWFmdEd2WTd6UHQyajJycnBYb3VDenlmelJBZnpqYVZjeGh4ZS1qenBqVENMci1SVEZnMTBjOEx3N3BQeFE2RUk?oc=5) · wilmingtonbiz.com
- 2021-02-26 [REV Federal Credit Union gears up for double merger - American Banker](https://news.google.com/rss/articles/CBMiogFBVV95cUxQaE9uWFdMWWNHWGtxTEJOOW9sYWRpV01SaWxlSFlkWkl1TkJKR0lCd0VKUUdheFdlUUFYR1FETURoLW1tWU9sRTdFcDZQQkNKRV80VzRETzhlR3dmc0x1WVBPZkxYWDMtZm9IRVlHN1Y4UlJFN3d6blNJVlA1b0pkQmRidzNBRm53ZldMdjVkYU9FLV9WWUVfVm1uYWpXZmhmVFE?oc=5) · American Banker
- 2006-03-14 [Eastern District of North Carolina - Department of Justice (.gov)](https://news.google.com/rss/articles/CBMid0FVX3lxTE1BLXdWZkw2SGlmcE9YODhmQWFjTkl2VllzcEgyandBaHl4allPTV9VNVNYZklzckpsaXpXY0FhYkhUT01PYmxsQkd2MVdFT2dlMk0tbmRBOUxXdWQzbGpoNHYxcW5hUEV1VjBnalZYNjdpLXVUcUJV?oc=5) · Department of Justice (.gov)
- 2017-08-08 [Riegelwood bank robber sentenced to 10 years in prison - WECT](https://news.google.com/rss/articles/CBMilgFBVV95cUxPTW5tRE9vSUc0Nk40eUlEdVplNXJ0LWplN1lBMHlJUU9PX0Z6b3VKLXBmM2FHU25EdHlBSXhpY2FvWENLU0JYTDF0Y2I2MkR0R0RXZDZhVktCbmRHbTJfNVJEeGlicmlPOTFrTDRrMW5QWFduZnBRbzdGOGNxbVR2dGVoRjdocGNNenJMTTRyejhidVRJS1HSAagBQVVfeXFMTmZBTC1iV1BNd2Z6U0lwZ09oNWNheFFjVlZYTzFIb2VFb2hHMmN1UVVVbEw1dno5VjZQZWxJVnBXM194NXR4b2hyWS1oMm5veUdUTUtWbHR6VDlndTRrZVp5SFhxemxXYmtIbVRMeDlPQklBSlRLTWtTTThHQWZmdXRFWVliWkI5S1VJWE1naTBIOG9ROVc5dW1ZV1h2bDNhcEs2dFJDOFY4?oc=5) · WECT
- 2023-10-22 [REV Powers Up With New Branch In Wilmington - wilmingtonbiz.com](https://news.google.com/rss/articles/CBMirwFBVV95cUxPNEV4anRCMlZ5enNTNW9oZzBlankwWWdzSWNFRThGSUZhRUI5WklDaENfOThYS2VKM2NVWkRaeXdkVWt4TjgtdG5QM0JzdDgtcFc0ODhhMy1zRkNRYmJGVHZhZmVZRGJlbS1nOFc1N2FEMHhXYl9ZeHZ0OXVxaFdUeEZMZW9hTXh5UXRNelZic29oYjZuNVBkZDdCQ0UyNEktcUZwTVotTkFPQWxCVDVj?oc=5) · wilmingtonbiz.com
- 2026-06-23 [SBI joins search for Brunswick County man missing for over 5 years - WWAYTV3](https://news.google.com/rss/articles/CBMiSkFVX3lxTE02c3cwN0RBUnJoMU9Ya1FxYVZVTUlzNll2QlpOdDFqZV9EcXM3SVBOcDhnUkFNcmJQNERWcTRUNkJ5MTR4LUwzdlRR?oc=5) · WWAYTV3
- 2026-06-26 [Melva Anne Crawford Wyche Obituary (2026) - Delco, NC - McKenzie Mortuary - legacy.com](https://news.google.com/rss/articles/CBMif0FVX3lxTFBMdzdid0Jocm93d0R5TF9tbDRyMVR0R1BPZkYwejkzYlNMTURLRGF0S0Q2X1E4bVFOOHpXSUxCbjI1WVVReG9VZWllQ0NjZnQxbjJjcVU3Qm42TFRCQWpBV2VqdDlTNXhlY0xiNFYzSF9YdWo0em9XN0dkdHJvUHM?oc=5) · legacy.com
- 2016-12-22 [Suspect robs Brunswick County bank with assault-style rifle - WECT](https://news.google.com/rss/articles/CBMinAFBVV95cUxNQlhnOEFycFZWaVA0X25EUFU2X2d1cGNqU3pXci1EM0ZPOUp2c0xfNndmZkRZVnN1VkRYVVJRM0VSUHJieUxPRVUyb291R0xwZUZxRWlsV0V6SDJ2QU1Cc1EtdVU5RG5WNTlNNjFrem5uY0dQOGVwaGp3Uk0tQWVHM0FtQVcxeVltTkFiN09LNGdmOUlDTU9IaTdmY3LSAa8BQVVfeXFMT2JyWlB4UjctZFl5dzZ6NnF3ejNNaUpNOU5PZVBRTUlzZ0syWFdnTUtfeVpQMm5HQ0xJTnRjMUhjOTJiLVR3Q1JMd2EtRWk3ZG5DSTQ0SklvMjFEdmxhdTFMOTVaNVhYeTc4cXFWX0dTeXU4elRyc1Q3eF9JVFpndV9QOG1PdS1yMi1naXhsNlkxVUNGcEJpdGZxT1UwZHBfVV95R1hKRmg2N2U1X05Raw?oc=5) · WECT

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=8660 (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/20.json (key "8660", 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=8660
- 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