# WOR CO
POCOMOKE CITY, MD · NCUA charter 9603 · asset band <$50M · latest filing 2021-12 · stopped filing after 2021-12 (departed; for a credit union that is almost always a merger)
Share link (named URL with a preview card): https://getbookiq.com/cu/wor-co-9603

Who the members are: federal charter, multiple common bond, organized 1954. 612 members of 1,500 potential (40.8% of the field); checking penetration 0% (share draft accounts per 100 members); loans per 100 members 20.

**Verdict on the desk:** this could be *ordinary*. 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 | $2.6M |
| Members | 612 (-3.6% YoY) |
| Full-time staff | 0 |
| Net worth | $239,797 |
| Net worth ratio | 9.2% (p25 of band) |
| ROA (annualized) | -0.68% (p10 of band) |
| Total delinquency | 0.65% (p57 of band) |
| Net charge-offs (annualized) | 0.00% (p29 of band) |
| Loans / shares | 17% (p7 of band) |
| Cash / assets | 67.0% |
| Borrowings / assets | 0.00% |
| Net interest margin | 1.81% (p23 of band) |
| Operating expense / assets | 2.59% (p39 of band) |
| Vehicles % of loans | 40% (p27 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 0% |
| Third-party paper % of net worth | 0% (p46 of band) |
| Vehicle delinquency | 0.00% (p19 of band) |
| Vehicle NCO | 0.00% (p27 of band) |
| Repossessed % of vehicle book | 0.00% (p47 of band) |
| Real estate % of loans | 0% |
| Credit cards % of loans | 0% |
| Unsecured % of loans | 60% |
| Commercial % of net worth | 0% |
| Core shares % of member funds | 92% |
| Certificates % of member funds | 8% |
| Average share balance | $3,545 |
| Participations bought / yr | $0 |
| Participations sold / yr | $0 |
| Participations outstanding | – |
| Loans outstanding per 100 members | 20% |
| Loans granted per 100 members, annualized | 9% |
| Average loan balance | $3,172 |
| Loans granted, annualized | $224,140 |

## Flags firing in the latest filing

- **losing money** (`earn_negative`)
- **margin squeeze** (`earn_nim_squeeze`)
- **members leaving** (`shrink_members`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 3 | losing money, delinquency 2x band, charge-offs p90 |  |
| 2016-06 | 2 |  | charge-offs p90 |
| 2016-09 | 2 |  |  |
| 2016-12 | 2 |  |  |
| 2017-03 | 5 | net worth falling, members leaving, loan book shrinking |  |
| 2017-06 | 5 | assets shrinking | members leaving |
| 2017-09 | 4 |  | net worth falling |
| 2017-12 | 6 | delinquency rising, members leaving |  |
| 2018-03 | 6 | net worth falling | delinquency rising |
| 2018-06 | 5 | charge-offs p90 | delinquency 2x band, assets shrinking |
| 2018-09 | 3 |  | members leaving, net worth falling |
| 2018-12 | 3 | delinquency 2x band | loan book shrinking |
| 2019-03 | 4 | net worth falling |  |
| 2019-06 | 3 | delinquency rising | losing money, charge-offs p90 |
| 2019-09 | 3 | members leaving | net worth falling |
| 2019-12 | 3 |  |  |
| 2020-03 | 4 | losing money, assets shrinking | delinquency rising |
| 2020-06 | 3 | net worth falling | members leaving, assets shrinking |
| 2020-09 | 3 | members leaving | net worth falling |
| 2020-12 | 3 | margin squeeze | members leaving |
| 2021-03 | 6 | thin capital, net worth falling, members leaving |  |
| 2021-06 | 4 |  | thin capital, net worth falling |
| 2021-09 | 3 |  | delinquency 2x band |
| 2021-12 | 3 |  |  |

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

- 2025-12-16 [Baltimore County credit union to enter new territory with acquisition - The Business Journals](https://news.google.com/rss/articles/CBMiqAFBVV95cUxPSGhxbWs1cEx4cUNQVWxmRy1pUnROaWdWaVBmdWl6SFhST1lqWUlsSmdMNnV6eHYwdHNhaEwtUHQ4YWR2cHdIbzdtS1ZqaGtiNjg5WC02OUNKWFMtMFZSS1RFQ01vVzZiTmNNZHAzWDQ2eVMybmtYaVE2U3R6NXZyXzNEZUEtdm1jLVd6WDg0Q3Fmc1BCUXZOcFowd0FLcFpxNjN4QUtpUTU?oc=5) · The Business Journals
- 2025-03-18 [Obituary information for Joan P LaRue - Holloway Funeral Home](https://news.google.com/rss/articles/CBMickFVX3lxTFBlWU1qa25FR0VWSXVZam9wQnBEa1czZkdMNzhJeG54Vm11MlRobEhYUnJQZEVYdlRSYWI2U3ZfamdVY3J0NUg3cGppOXdZa3UyWWRVTWdQbjVBZTlOemlZOVhiOHBuQ3VNYm02RXJmcnA4UQ?oc=5) · Holloway Funeral Home
- 2025-03-28 [Baltimore County credit unions to merge - The Business Journals](https://news.google.com/rss/articles/CBMirgFBVV95cUxPVm9aM2VNUGY4ZHVpN0VINlMwbTJDMjBKUFJTaXZ2cUhQVmtFX3NsRzBOdjJOZ2pZQWhxQy1vSlpkQV9helR5cHpvbmtpWmI4OEFLVTlqdklPYmRNRHd1eXZoV1l5Q1NndGYzQkNObFBJaVlJazlKcmN2eW5faEp3YXhZZFRLVG9HNDJCXzF2Z1FsOVJ5TmVISU10WmVYaWhtd0Z6U1FMUmYxck84UHc?oc=5) · The Business Journals

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=9603 (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/3.json (key "9603", 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=9603
- 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