# CARTER
SPRINGHILL, LA · NCUA charter 9164 · asset band $500M-1B · latest filing 2026-03 · live
Share link (named URL with a preview card): https://getbookiq.com/cu/carter-9164

Who the members are: federal charter, multiple common bond, organized 1954, low-income designated. 34,100 members of 503,556 potential (6.8% of the field); checking penetration 48% (share draft accounts per 100 members); loans per 100 members 82.

**Verdict on the desk:** this could be *stressed*. Composite score 8 of 18 (one point per flag across 17 flags, capital below 7% counted twice).

## What the filing shows

| Measure | Value |
|---|---|
| Total assets | $751.9M |
| Members | 34,100 (-6.1% YoY) |
| Full-time staff | 111 |
| Net worth | $65.6M |
| Net worth ratio | 8.7% (p15 of band) |
| ROA (annualized) | 1.16% (p82 of band) |
| Total delinquency | 2.85% (p100 of band) |
| Net charge-offs (annualized) | 1.02% (p89 of band) |
| Loans / shares | 96% (p92 of band) |
| Cash / assets | 17.0% |
| Borrowings / assets | 16.30% |
| Net interest margin | 2.84% (p14 of band) |
| Operating expense / assets | 3.23% (p31 of band) |
| Vehicles % of loans | 20% (p26 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 61% |
| Third-party paper % of net worth | 189% (p71 of band) |
| Vehicle delinquency | 2.23% (p97 of band) |
| Vehicle NCO | 1.67% (p78 of band) |
| Repossessed % of vehicle book | 0.00% (p18 of band) |
| Real estate % of loans | 55% |
| Credit cards % of loans | 1% |
| Unsecured % of loans | 9% |
| Commercial % of net worth | 96% |
| Core shares % of member funds | 30% |
| Certificates % of member funds | 42% |
| Average share balance | $10,138 |
| Participations bought / yr | $12.4M |
| Participations sold / yr | $21.4M |
| Participations outstanding | $47.8M |
| Loans outstanding per 100 members | 82% |
| Loans granted per 100 members, annualized | 21% |
| Average loan balance | $19,815 |
| Loans granted, annualized | $168.3M |

## Participation posture (from the same filings)

Bought $12.4M and sold $21.4M in the latest annualized quarter; $47.8M outstanding purchased (72.8% of net worth), $37.3M sold and retained. Sold in 8 and bought in 8 of the last 8 quarters. Shares -4.4% year over year.

## Flags firing in the latest filing

- **thin capital** (`cap_low`)
- **net worth falling** (`cap_falling`)
- **delinquency 2x band** (`aq_dq_high`)
- **assets shrinking** (`shrink_assets`)
- **members leaving** (`shrink_members`)
- **loans>95% of shares** (`str_ltos`)
- **leaning on borrowings** (`str_borrowings`)
- **3rd-party paper>100% NW** (`str_thirdparty`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 6 | thin capital, losing money, delinquency 2x band, loans>95% of shares, leaning on borrowings, 3rd-party paper>100% NW |  |
| 2016-06 | 6 |  |  |
| 2016-09 | 4 |  | losing money, delinquency 2x band |
| 2016-12 | 6 | net worth falling, delinquency 2x band |  |
| 2017-03 | 5 |  | net worth falling |
| 2017-06 | 4 |  | delinquency 2x band |
| 2017-09 | 4 |  |  |
| 2017-12 | 4 |  |  |
| 2018-03 | 4 | margin squeeze | thin capital |
| 2018-06 | 6 | thin capital, delinquency 2x band, delinquency rising | margin squeeze |
| 2018-09 | 6 | net worth falling, margin squeeze | 3rd-party paper>100% NW, delinquency rising |
| 2018-12 | 5 |  | margin squeeze |
| 2019-03 | 6 | 3rd-party paper>100% NW |  |
| 2019-06 | 6 |  |  |
| 2019-09 | 5 |  | net worth falling |
| 2019-12 | 5 |  |  |
| 2020-03 | 5 |  |  |
| 2020-06 | 8 | capital below 7%, net worth falling, margin squeeze | delinquency 2x band |
| 2020-09 | 6 |  | net worth falling, margin squeeze |
| 2020-12 | 5 | delinquency 2x band | capital below 7% |
| 2021-03 | 5 |  |  |
| 2021-06 | 5 |  |  |
| 2021-09 | 5 |  |  |
| 2021-12 | 5 |  |  |
| 2022-03 | 5 |  |  |
| 2022-06 | 5 | delinquency rising | thin capital |
| 2022-09 | 5 | charge-offs p90 | delinquency rising |
| 2022-12 | 4 |  | charge-offs p90 |
| 2023-03 | 4 |  |  |
| 2023-06 | 4 |  |  |
| 2023-09 | 6 | delinquency rising, members leaving |  |
| 2023-12 | 5 |  | delinquency rising |
| 2024-03 | 6 | net worth falling |  |
| 2024-06 | 7 | thin capital |  |
| 2024-09 | 7 |  |  |
| 2024-12 | 8 | losing money, delinquency rising | members leaving |
| 2025-03 | 7 | charge-offs p90 | losing money, delinquency rising |
| 2025-06 | 8 | delinquency rising, members leaving | net worth falling |
| 2025-09 | 5 |  | thin capital, delinquency rising, members leaving |
| 2025-12 | 10 | thin capital, losing money, assets shrinking, members leaving, loan book shrinking |  |
| 2026-03 | 8 | net worth falling | charge-offs p90, losing money, loan book shrinking |

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

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- 2024-02-27 [Merger Update: CEO Comp Nearly 10% of CU’s Assets. A Big Explanatory Infographic. A 1,000-Mile Reach, & More - cutoday.info](https://news.google.com/rss/articles/CBMi1wFBVV95cUxQZG9adXhjMnBDeXptNWw4UTRoWWt4MldRdFhReHpTNmdmdlZNcTgzbzk0LThQUFpoYWhBS3lQM3lZVzhHSzlkNkZXSGhFdDQycFJTMUhtRnRRaVpLRXFZRmpMcVVQRTdVR2JYOVcxV0M2QVB6NlBrd09YQkVuQzhwYWhaMGdMRWxlbWRaN1paT2Z2V3M0Qk5QM1pENnZFUlF5TVMyR2dUQXQ5RDM5eEtmRkF4a2RnUklxTEl3SFplRDZuUkFIRHMxN0tNVW00Y1h4T1JCcE5BQQ?oc=5) · cutoday.info
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## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=9164 (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/12.json (key "9164", 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=9164
- 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