# SHAMROCK FOODS
PHOENIX, AZ · NCUA charter 9111 · asset band <$50M · latest filing 2020-06 · stopped filing after 2020-06 (departed; for a credit union that is almost always a merger)
Share link (named URL with a preview card): https://getbookiq.com/cu/shamrock-foods-9111

Who the members are: federal charter, manufacturing (single sponsor), organized 1954, low-income designated. 1,146 members of 4,000 potential (28.6% of the field); checking penetration 33% (share draft accounts per 100 members); loans per 100 members 43.

**Verdict on the desk:** this could be *stressed*. Composite score 14 of 18 (one point per flag across 17 flags, capital below 7% counted twice).

## What the filing shows

| Measure | Value |
|---|---|
| Total assets | $4.9M |
| Members | 1,146 (-8.9% YoY) |
| Full-time staff | 2 |
| Net worth | $266,519 |
| Net worth ratio | 5.5% (p1 of band) |
| ROA (annualized) | -4.85% (p1 of band) |
| Total delinquency | 1.32% (p69 of band) |
| Net charge-offs (annualized) | 3.62% (p98 of band) |
| Loans / shares | 70% (p74 of band) |
| Cash / assets | 34.0% |
| Borrowings / assets | 0.00% |
| Net interest margin | 3.73% (p77 of band) |
| Operating expense / assets | 9.19% (p99 of band) |
| Vehicles % of loans | 70% (p70 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 0% |
| Third-party paper % of net worth | 0% (p45 of band) |
| Vehicle delinquency | 1.36% (p75 of band) |
| Vehicle NCO | 2.24% (p96 of band) |
| Repossessed % of vehicle book | 0.00% (p45 of band) |
| Real estate % of loans | 0% |
| Credit cards % of loans | 11% |
| Unsecured % of loans | 15% |
| Commercial % of net worth | 0% |
| Core shares % of member funds | 90% |
| Certificates % of member funds | 2% |
| Average share balance | $2,759 |
| Participations bought / yr | $0 |
| Participations sold / yr | $0 |
| Participations outstanding | – |
| Loans outstanding per 100 members | 43% |
| Loans granted per 100 members, annualized | 28% |
| Average loan balance | $6,465 |
| Loans granted, annualized | $532,136 |

## Flags firing in the latest filing

- **thin capital** (`cap_low`)
- **capital below 7%** (`cap_critical`)
- **net worth falling** (`cap_falling`)
- **losing money** (`earn_negative`)
- **expense trap** (`earn_opex`)
- **margin squeeze** (`earn_nim_squeeze`)
- **delinquency 2x band** (`aq_dq_high`)
- **delinquency rising** (`aq_dq_rising`)
- **charge-offs p90** (`aq_nco_high`)
- **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 | 3 | thin capital, expense trap, auto monoline |  |
| 2016-06 | 3 | loans>95% of shares | thin capital |
| 2016-09 | 3 |  |  |
| 2016-12 | 4 | thin capital, net worth falling | loans>95% of shares |
| 2017-03 | 6 | losing money, delinquency rising |  |
| 2017-06 | 7 | margin squeeze |  |
| 2017-09 | 4 |  | net worth falling, delinquency rising, margin squeeze |
| 2017-12 | 4 | delinquency rising | losing money |
| 2018-03 | 5 | losing money |  |
| 2018-06 | 5 | assets shrinking | delinquency rising |
| 2018-09 | 7 | delinquency rising, members leaving, loans>95% of shares | thin capital |
| 2018-12 | 7 | thin capital | loans>95% of shares |
| 2019-03 | 6 | net worth falling | delinquency rising, members leaving |
| 2019-06 | 7 | members leaving |  |
| 2019-09 | 8 | delinquency rising, loans>95% of shares | net worth falling |
| 2019-12 | 8 | delinquency 2x band | loans>95% of shares |
| 2020-03 | 11 | net worth falling, charge-offs p90, loan book shrinking |  |
| 2020-06 | 14 | capital below 7%, margin squeeze |  |

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

- 2024-11-23 [Phoenix credit union named healthiest workplace in America - KTAR News 92.3 FM](https://news.google.com/rss/articles/CBMihwFBVV95cUxNR0NCUV95QzdiWHVzaFRNQzdxelQxcnpaamxpcVJhRU5UY0lxM2tWZWxtNUtjQktOR29tTDNqM0RtUTMyejV0czF6UEdxaENOcThtN3V2VGkwdUpucVZoR3Z5MGQ4dUhnM1BaQjZpaGF3cTdSTWMzV3BNZjdrWnFHRmRIS3ZHdjA?oc=5) · KTAR News 92.3 FM
- 2026-04-17 [62 companies lead the charge as the Valley's 2026 Healthiest Employers - The Business Journals](https://news.google.com/rss/articles/CBMiqAFBVV95cUxPSU5tWUhMUEpVVmswS013MHRyU25SNWE4dmducE5CZXljbVA4MWZTUi0tRXpVSjhvLTY1bmpSUy1WcTctNk1WSUI1dGp5b3k4b2ljRGY1UmtKX3dPSWN4ZGtfQnR0aHJCS2Y5MU4xMDJvUFhrSDVzSS1IMXh3NlhwVGZ4VGpCdzVQVXhuZ0ZXVHVORGFtMDR4dXdNejZrZUFkWFdqdTIwZFY?oc=5) · The Business Journals
- 2026-07-15 [Marana announces development updates - Tucson Local Media](https://news.google.com/rss/articles/CBMi0wFBVV95cUxNZi1DT2NFOXRaOGw0UmpqOFI4N29NZU5vWHAzZmExNmpyRzBfSldXMkoweXdZZEV3cWlCaktYcHJlampXY0ZtZ2FLZ2xCUWE4WGFVbzQ4ZjlsVl9SNEVwYUE4Q0gwVnpaeXY5VXctd1NLbVR2MXRyTmFDbWZhRHZIQTJDeDdROXpSWjdfQWdCV3RpRnlpZ2Q5S3l6SzdtRHVIQV95RkhwOEZWZDBMdVlFWTUzRUZlSUlqTEpIS0pQSzAwTkN0RHdDS3V3NkI1U0ctSWhN?oc=5) · Tucson Local Media
- 2023-03-03 [Here are the finalists for the 2023 Arizona Corporate Counsel Awards - AZ Big Media](https://news.google.com/rss/articles/CBMiqAFBVV95cUxNVHJxSDRzWUEycmNmV3huaVZlUm1GbHdHN3RCNU4xR1pIZjkwS0dGODAzZk1oOENPdy1NRFExZWhDalFtMXZDQVJ3YnZZeVFoNmQtZWVITlZjLUNfQ1lOT1g4dEVBcXktSmN5b295WG5vVkZPUVhLMjgyVU9FR053eHN2dXlpQVp6WWcyVEVjZzJJbFN6WF9CMXhGZXdlMkZwU0NyU3A1OXE?oc=5) · AZ Big Media
- 2025-05-29 [Growth of Marana: Latest development projects coming to the town - kgun9.com](https://news.google.com/rss/articles/CBMixgFBVV95cUxNOU5GUUlOMkh1aVJacjNZYWdCdkpGVEF1T1BEbDQyOHRIWmpKZHgxYkZZeHFVcl9WbGZEalFOalBKZV83RXBxWktvMFl6WnVWZF9tdG5xSWt4WnRaMExFX0lqdXNHanBzQmdfcTVySDVhU1dEclBzekQ0dlBYMUdRdlRGSEhlc2doQ1k4cVZlMDgtRl9BREgxQy1QQlFzOE10X3Jpald2bld2RENic0lGQmdzV0RiSXRhRUh2dFdBRVpDd2lCZlE?oc=5) · kgun9.com
- 2019-06-27 [City of Yuma 4th of July Spectacular - signalsaz.com](https://news.google.com/rss/articles/CBMigwFBVV95cUxOdTlSNy1PZ0tFQ1Y4NFpkZ0dTRE5UbTJHZDJEN0ltNXpPczlNWmNyR182ZThQZGxHaFcxUVp2UDlKLUQ1cndtS0pnTkZKWGk0VXd5X3lzb3Bha1NROTA3TjREZjQ0Wk5IQ05kNmszekpvOGVwdzE2VXcyUWZJZ1pQaGRFVQ?oc=5) · signalsaz.com
- 2025-10-02 [Phoenix Business Journal unveils 2025 Best Places to Work Awards finalists - The Business Journals](https://news.google.com/rss/articles/CBMilgFBVV95cUxQV2pKZEJYUlZycG92VlBTT3FFY0lWcEJDaGdGbHRRYWt5SXpTb3IxRkJCYmdQYnVfQy1OOG9YdWZueVE3Zkw2SmtuSWdGcS1aQURQRGJuem92LXhJRUY1d3RUWkZKTkRlTFhBWGZCU25tNmJ4bGxfWHhGencxVnBWQW9scW1iQ2xlNWREN3UxWmdIRERySnc?oc=5) · The Business Journals
- 2015-03-22 [James Sheffer Obituary (2015) - Phoenix, AZ - The Arizona Republic - legacy.com](https://news.google.com/rss/articles/CBMijwFBVV95cUxQbk9ncG1ybWhteHVFWkVUOXBPQ0o1Q0E0eUtoRnB0N25NTmdVZXVsWXhOcGN2ZHF4UkxvNTA2bTdhMUk0cTMyQnJZRTVndjFJeUdLbzh3aXhwRVBLLWJ6a1BNR05fM05vQktMY3RQOVNGVllYUXpGWk1pdThYWjlHWVY5TTlHTUp1TGNfd2JmVQ?oc=5) · legacy.com

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=9111 (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/23.json (key "9111", 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=9111
- 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