# SOUTHERN CHAUTAUQUA
Lakewood, NY · NCUA charter 9107 · asset band $100-200M · latest filing 2026-03 · live
Share link (named URL with a preview card): https://getbookiq.com/cu/southern-chautauqua-9107

Who the members are: federal charter, community charter, organized 1954, low-income designated. 21,346 members of 126,807 potential (16.8% of the field); checking penetration 56% (share draft accounts per 100 members); loans per 100 members 42.

**Verdict on the desk:** this could be *fortress*. Composite score 3 of 18 (one point per flag across 17 flags, capital below 7% counted twice).

## What the filing shows

| Measure | Value |
|---|---|
| Total assets | $166.3M |
| Members | 21,346 (6.5% YoY) |
| Full-time staff | 72 |
| Net worth | $22.6M |
| Net worth ratio | 13.6% (p73 of band) |
| ROA (annualized) | 2.53% (p99 of band) |
| Total delinquency | 1.75% (p91 of band) |
| Net charge-offs (annualized) | 0.89% (p86 of band) |
| Loans / shares | 83% (p77 of band) |
| Cash / assets | 18.7% |
| Borrowings / assets | 3.55% |
| Net interest margin | 5.68% (p99 of band) |
| Operating expense / assets | 5.80% (p95 of band) |
| Vehicles % of loans | 48% (p68 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 0% |
| Third-party paper % of net worth | 0% (p16 of band) |
| Vehicle delinquency | 2.14% (p93 of band) |
| Vehicle NCO | 2.14% (p93 of band) |
| Repossessed % of vehicle book | 0.00% (p32 of band) |
| Real estate % of loans | 29% |
| Credit cards % of loans | 0% |
| Unsecured % of loans | 17% |
| Commercial % of net worth | 0% |
| Core shares % of member funds | 58% |
| Certificates % of member funds | 22% |
| Average share balance | $3,143 |
| Participations bought / yr | $0 |
| Participations sold / yr | $0 |
| Participations outstanding | – |
| Loans outstanding per 100 members | 42% |
| Loans granted per 100 members, annualized | 13% |
| Average loan balance | $12,900 |
| Loans granted, annualized | $38.6M |

## Flags firing in the latest filing

- **expense trap** (`earn_opex`)
- **delinquency 2x band** (`aq_dq_high`)
- **delinquency rising** (`aq_dq_rising`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 2 | losing money, delinquency 2x band |  |
| 2016-06 | 0 |  | losing money, delinquency 2x band |
| 2016-09 | 2 | net worth falling, delinquency 2x band |  |
| 2016-12 | 3 | thin capital |  |
| 2017-03 | 5 | expense trap, charge-offs p90 |  |
| 2017-06 | 4 |  | net worth falling |
| 2017-09 | 3 |  | thin capital |
| 2017-12 | 3 |  |  |
| 2018-03 | 4 | thin capital |  |
| 2018-06 | 3 |  | expense trap |
| 2018-09 | 3 | expense trap | thin capital |
| 2018-12 | 4 | members leaving |  |
| 2019-03 | 1 |  | delinquency 2x band, charge-offs p90, members leaving |
| 2019-06 | 2 | charge-offs p90, loans>95% of shares | expense trap |
| 2019-09 | 3 | expense trap |  |
| 2019-12 | 3 |  |  |
| 2020-03 | 2 | net worth falling | charge-offs p90, loans>95% of shares |
| 2020-06 | 4 | margin squeeze, delinquency 2x band, charge-offs p90 | expense trap |
| 2020-09 | 3 | expense trap | net worth falling, delinquency 2x band |
| 2020-12 | 3 |  |  |
| 2021-03 | 2 | thin capital | charge-offs p90, expense trap |
| 2021-06 | 0 |  | margin squeeze, thin capital |
| 2021-09 | 0 |  |  |
| 2021-12 | 1 | expense trap |  |
| 2022-03 | 1 |  |  |
| 2022-06 | 2 | delinquency rising |  |
| 2022-09 | 2 |  |  |
| 2022-12 | 5 | charge-offs p90, loans>95% of shares, leaning on borrowings |  |
| 2023-03 | 5 | delinquency 2x band | leaning on borrowings |
| 2023-06 | 3 | net worth falling | delinquency rising, loans>95% of shares, delinquency 2x band |
| 2023-09 | 2 |  | net worth falling |
| 2023-12 | 4 | delinquency 2x band, delinquency rising, loans>95% of shares | charge-offs p90 |
| 2024-03 | 2 |  | delinquency rising, loans>95% of shares |
| 2024-06 | 3 | delinquency rising, charge-offs p90 | delinquency 2x band |
| 2024-09 | 1 |  | delinquency rising, charge-offs p90 |
| 2024-12 | 1 |  |  |
| 2025-03 | 2 | charge-offs p90 |  |
| 2025-06 | 2 | net worth falling | charge-offs p90 |
| 2025-09 | 1 |  | net worth falling |
| 2025-12 | 2 | delinquency rising |  |
| 2026-03 | 3 | delinquency 2x band |  |

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

- 2026-03-31 [Southern Chautauqua FCU gift will help create Bicentennial mural at SUNY Fredonia - fredonia.edu](https://news.google.com/rss/articles/CBMiuAFBVV95cUxNeWtFdWZJNnZSYnI1cU84ODlRNTI1eTF1bE5USTFBckp2blpmaHBjUG1DeWtjWVJaaVpQNjlidEV2Wmpsc0NTZ20xSzhYWFhiQ191MTJiLWY1bVF0bmR2TE15V0JnVS0zSWpnWkkyM2dod3hrSE1FdXVzRFpLQzVZZjFVQlM3SF9GSkMtWWJZRkIzcDFZdmswTjBoa2hDMEdvSi00cXl0UWp3a2tUaGNNc1RFOEVQQ05j?oc=5) · fredonia.edu
- 2025-12-07 [Sales include former Rite Aid site - - Observer Today](https://news.google.com/rss/articles/CBMilAFBVV95cUxNNW5ONFRzVUwzM05vWU5LcHNoOVZLTFg1bkRBWENlVnZoWVdEX3lhS3l6ZTVBS2ZhTlRNSHFsN0pIZTJsQ3lEem0tdWMzT2Y1WFNLOXhIUXBuZkg0V1QwZW9OeUFKLWFrR0l6ZDNtVjlhUWd6QzVId1hWYlozdWNoRV84d0ZqZGtWVjg1YzVUUDlLUDZt?oc=5) · Observer Today
- 2026-04-15 [Southern Chautauqua FCU Helps Create Bicentennial Mural At SUNY Fredonia - - post-journal.com](https://news.google.com/rss/articles/CBMiwwFBVV95cUxQZDl1a2Izb0p1OUhvX1pkRlJ3NHkta3ZyeDNiNnpjQzkwcjFIZ1U3c2lZbmw5SjEtWjRDbktWcWt1RmNkSFNmbW5RckpUYTR5RHBGb0xhZ3NYakptN004Q1FPTGV6cHM5d3R2V0Npb2pQSHVtR3YyUHJ3R2N2c1RUQ2U5QnJVUEpnR2JWX3NOR3ZybXMtMWVzR0xfWnhOQnpmNVZVLUhjSk8yQVBGUUhtaUFMSVhrRDY5YUN3WjlGc280c3M?oc=5) · post-journal.com
- 2025-09-19 [Southern Chautauqua taps Salus for data analytics tech - FinTech Futures](https://news.google.com/rss/articles/CBMinwFBVV95cUxPdUdLd0ZQT19wVlIzMlEtN0JxcEZNRnpjaGdxWkp4VEJlMUp1cngxX00xMnVYTHAzV1hmSG9ET19yWWJPVVg3RHI4ckpRT2FUdDdEbmczMWp0YkVrb1FhOXAyeUNqektLYjcwRGJkQjhhd0RYUXZNQ3ZGYk5fR245d19iblNxUlQ3cTgwVjRsYk1TV04tLVF5dzQ5c0x0SEE?oc=5) · FinTech Futures
- 2023-08-01 [Southern Chautauqua Federal Credit Union Acquires New Corporate Headquarters in Lakewood - WRFA-LP 107.9 FM](https://news.google.com/rss/articles/CBMisgFBVV95cUxNc2ZfZGFXakxnOEpJMDAzaEthZjBsMUtmUG1fWmFwZDV2ajV3TW5xY3RaajZYSk5ad3pQVk9qLWd6RV92ZVZNanBiZGI2emtCZmxXNU51UGkyR1EzWmpSR3ZOOXhpV1RQWWkweDFhQUdfVEpIZmhKNXI0WDR6MWIxZUdMaFhNLTFFS295cTFfa3hDaVEyOTM0cmd3andrMUluWmZNYkh6M2laYXVmN1lWcGpR?oc=5) · WRFA-LP 107.9 FM
- 2025-02-06 [Less Than 1.5% of New York’s Banks, Credit Unions Service Cannabis Industry - cannabisbusinesstimes.com](https://news.google.com/rss/articles/CBMi2gFBVV95cUxPcE9ESkVyajZicWplenQ0S1BYSGswTGVfbnFuSUE1Q2R6a3BqazRGTmZsREJyNkdVM2hHamUwZDJVVXVuUGpzSW5EaEFRcjVzTnNtQV9XYTRHWl85alFXd1Z1cTN5SDJlczQ5dVZsUXdqaERaY0V0VWJoUGhrSUxEY1IyQzFVRE5UckdpRXVuUUZFN1FSZVlMd1QycDZqT3lYQ1kxQnBHQk1TYzhnNU04SjZfUmhtQlJoQjBEdE9kRmxfaVhOVFo2eWVoR003VnZVSE14aGV1N3Y0QQ?oc=5) · cannabisbusinesstimes.com
- 2021-06-14 [Southern Chautauqua Federal Credit Union heads to Dunkirk - The Business Journals](https://news.google.com/rss/articles/CBMiqAFBVV95cUxQd0lUaUs1dS1iTVVzN0dONFItQ1RndXhuSjQ4MGdxT2RTLXNmeHd5TzNRM3Q3WkVvYldpaFVRVkZIVFJxQ0VoVWdIMEF4aWVEZHBYN2c1UE1yb2MtcVkzOE40OGVuN2xMcTduNWJaZ1FJTG5CT0pvNXNNTVlJZjY0dHBBblo2NWE5WVNobHdRZVpacUxNbUdHV2Z2NXNRbXczd01vbzdtUmI?oc=5) · The Business Journals
- 2021-11-25 [Southern Chautauqua Federal Credit Union opens in Dunkirk - - Observer Today](https://news.google.com/rss/articles/CBMiqwFBVV95cUxPNzJBZnhwZFZGSnJ4aTlVMzE0SmZiNVFXRmstTVZyeS1Md1VqUkJVel85YmI4X2FYSUVmSFFfVnpGcnNZeUdCb3ZrUEFkSVVFckNJUUJBdzUzcVFsRlNsV1RyVm1LblFCcTBKOFdhMHk2d09VaE44c1o1Rnhrc0tPZDc2dXZKbl9YSUlseTJVdlpNSzFMUVhRMGxLNHcxd01ENHBxb29Gd2hGUG8?oc=5) · Observer Today

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=9107 (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/19.json (key "9107", 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=9107
- 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