# MERITUS
LAFAYETTE, LA · NCUA charter 9643 · asset band $200-500M · latest filing 2026-03 · live
Share link (named URL with a preview card): https://getbookiq.com/cu/meritus-9643

Who the members are: federal charter, community charter, organized 1954, low-income designated. 23,654 members of 489,634 potential (4.8% of the field); checking penetration 55% (share draft accounts per 100 members); loans per 100 members 48.

**Verdict on the desk:** this could be *quiet fade*. Composite score 2 of 18 (one point per flag across 17 flags, capital below 7% counted twice).

## What the filing shows

| Measure | Value |
|---|---|
| Total assets | $249.5M |
| Members | 23,654 (-4.2% YoY) |
| Full-time staff | 76 |
| Net worth | $32.8M |
| Net worth ratio | 13.2% (p73 of band) |
| ROA (annualized) | 0.10% (p11 of band) |
| Total delinquency | 0.53% (p44 of band) |
| Net charge-offs (annualized) | 0.72% (p79 of band) |
| Loans / shares | 77% (p56 of band) |
| Cash / assets | 14.2% |
| Borrowings / assets | 0.00% |
| Net interest margin | 3.79% (p66 of band) |
| Operating expense / assets | 5.48% (p98 of band) |
| Vehicles % of loans | 41% (p65 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 0% |
| Third-party paper % of net worth | 0% (p9 of band) |
| Vehicle delinquency | 0.60% (p52 of band) |
| Vehicle NCO | 0.97% (p68 of band) |
| Repossessed % of vehicle book | 0.21% (p85 of band) |
| Real estate % of loans | 42% |
| Credit cards % of loans | 5% |
| Unsecured % of loans | 9% |
| Commercial % of net worth | 0% |
| Core shares % of member funds | 66% |
| Certificates % of member funds | 18% |
| Average share balance | $5,197 |
| Participations bought / yr | $0 |
| Participations sold / yr | $0 |
| Participations outstanding | – |
| Loans outstanding per 100 members | 48% |
| Loans granted per 100 members, annualized | 10% |
| Average loan balance | $14,270 |
| Loans granted, annualized | $59.1M |

## Flags firing in the latest filing

- **expense trap** (`earn_opex`)
- **members leaving** (`shrink_members`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 0 |  |  |
| 2016-06 | 0 |  |  |
| 2016-09 | 1 | repo signal |  |
| 2016-12 | 1 |  |  |
| 2017-03 | 2 | delinquency 2x band |  |
| 2017-06 | 0 |  | repo signal, delinquency 2x band |
| 2017-09 | 1 | charge-offs p90 |  |
| 2017-12 | 1 |  |  |
| 2018-03 | 0 |  | charge-offs p90 |
| 2018-06 | 0 |  |  |
| 2018-09 | 0 |  |  |
| 2018-12 | 0 |  |  |
| 2019-03 | 1 | net worth falling |  |
| 2019-06 | 0 |  | net worth falling |
| 2019-09 | 0 |  |  |
| 2019-12 | 0 |  |  |
| 2020-03 | 0 |  |  |
| 2020-06 | 2 | net worth falling, losing money |  |
| 2020-09 | 0 |  | net worth falling, losing money |
| 2020-12 | 1 | margin squeeze |  |
| 2021-03 | 3 | net worth falling, losing money |  |
| 2021-06 | 2 |  | losing money |
| 2021-09 | 2 |  |  |
| 2021-12 | 0 |  | margin squeeze, net worth falling |
| 2022-03 | 0 |  |  |
| 2022-06 | 1 | delinquency rising |  |
| 2022-09 | 1 |  |  |
| 2022-12 | 2 | assets shrinking |  |
| 2023-03 | 3 | expense trap |  |
| 2023-06 | 2 |  | delinquency rising |
| 2023-09 | 2 |  |  |
| 2023-12 | 1 |  | assets shrinking |
| 2024-03 | 2 | assets shrinking |  |
| 2024-06 | 1 |  | assets shrinking |
| 2024-09 | 3 | delinquency rising, assets shrinking |  |
| 2024-12 | 2 |  | delinquency rising |
| 2025-03 | 2 | losing money | assets shrinking |
| 2025-06 | 4 | delinquency rising, members leaving |  |
| 2025-09 | 3 |  | delinquency rising |
| 2025-12 | 2 |  | losing money |
| 2026-03 | 2 |  |  |

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

- 2020-08-26 [Meritus Credit Union names retiring CEO's successor - American Banker](https://news.google.com/rss/articles/CBMioAFBVV95cUxNWXRtTTUxQnJwNkNWdmNMWWgyOW5aS1Z2UUstbzB4ajhpVDhYUnJhQk9iTGQ1SjMzSEFzcDlzOFhDYVZkT0NNQThhWHRNNkcwV1BzcFRfZW9qV2xidnV6Sm5xc1Izd3J4ZzZybHpyY1BjemFzTk5PUVEwb2lXdmhuR1NIWjM3R05vN1ZtNVpNNGpISGdJZDJLV1F4bjBMcVo0?oc=5) · American Banker
- 2018-07-13 [EEOC sues Meritus Credit Union for retaliation - KLFY.com](https://news.google.com/rss/articles/CBMif0FVX3lxTE5fcEVvSlh6WDQ3V2RKbV9OQXV0eGFiOXVBWldlcXdZSGFETWZCWS02OUoyY0FFdnM0ejFPNHQ4azVIZktEeDVtdGhoSVFmU3NtazBhOUZzaER3UndtSHJWVUNCVFJzcFRtd0ZkcjJPWG1FUE9fWm94UEN5ek5xM0HSAYQBQVVfeXFMT0pvRDluUFlFR0N1M1FMd3BTYzZ4YWtGM2NqOVcwMmkwWUNSdDV4bVBoVnotZS1MV0MzbzRrTzNWaXVmNEpuWVl0UXlzY25WYmNMY2MyRE1kUG1pS0lsSGJWWXpPbS1SZE94bUFWNTFvU3phTkNTWmtYZFpDb2lMb1N6bUF2?oc=5) · KLFY.com
- 2022-03-09 [Empowerment, health focus of Women’s Leadership Conference - University of Louisiana at Lafayette](https://news.google.com/rss/articles/CBMitwFBVV95cUxNeW84bVdIS1hYbkROZkdvUjNrUW5sNXo1OUhRaDNsazlXZjZYVURfcVN5aG8wOXpGaXNjME9MenZHN0x4bXNtaWJycWhwcXRaXzlOZl9jbXJXVFNySnIycll6SXBUSzZYVlo1M05zeUpyZEJSTGEyVVd2djlqcG5GVENfemwyUTVZd1o0bUs0MVRyQnBRcDJ1S2dNbnJCVklIQ3I5elRkbkxJWUNTaHF4cFUxTldHMEU?oc=5) · University of Louisiana at Lafayette
- 2025-11-03 [Luminate announces CUDE scholarship recipients - CUInsight](https://news.google.com/rss/articles/CBMikwFBVV95cUxObXhUMUlPVUhzRVlzdmZyS2xmYV9RU1NkaHZYbHNoQ1dnT255RlBsdHBYTG9xeXoyNXd6SVpCYmZDZ25TcDczcU95UDB5QWNYdDlReEd4OFN6M1BaRlJaVTNoX3dvOXktT2d5VDVoWmoxemx5cFBhaVo0UzN6WTg2dXNWd3ZfbFpSQ2Q2Z3hJRGlzTHM?oc=5) · CUInsight
- 2022-07-11 [List of school supply drives taking place across Acadiana - KATC](https://news.google.com/rss/articles/CBMilAFBVV95cUxQS3d2eHVKSThxM0t6WU5Gd3lhNG13ZHluMThGb3l1NlVfYjZxNU1HTjZwc0xaclkyWmxpcU9YRVZudl9aZHBTYVRHekJyNVNKeno5OUs1ek1qYlpiNE5oT0NzZXhxNl9EMVhsTk8wWmROdko4dHVfT2JDY2JHWkNGTVExVVkwUHA0V1lqdGFzdVJtNkxL?oc=5) · KATC
- 2025-10-08 [– Court News – - Teche Today](https://news.google.com/rss/articles/CBMiX0FVX3lxTE9qLUdmejV2WGpfZ0NWOE1CUUk3WlFsLUFMV0VzSFFmZl81cW0yWlJrMW5oVTQyUXBxWExmQUtnUXdUVW96aG1TQ3V5THRqLUJEUlowSlZ6N19EZGZtUFVv?oc=5) · Teche Today
- 2020-02-14 [Small Louisiana credit union appoints new CEO - American Banker](https://news.google.com/rss/articles/CBMimgFBVV95cUxNZ09kUGZPVXZrTXBibTJIS1FEN3k3WjluQno1RzJrNFI1WHJXZ1FMUUF5TzZjRE95OVZtMU1aOW43S2RudnBSM3REUnN1ZlNKWGxmb25UT09PNk5jaEI5Z0xNUkxwZVVpMmpZaXBlTllnbUdFTlBSWXlhNENHZEcwMDBlcHFWTk1nM1drYzRmajlNYXZWMWFhTWdR?oc=5) · American Banker
- 2021-03-10 [Portions of Ambassador Caffery in Lafayette to Close Thursday Morning - 99.9 KTDY](https://news.google.com/rss/articles/CBMilAFBVV95cUxPc1QteDUybTZlX0hRcnc4MlhDMzRKZXdkWmx0bFJpanhDMElZbkU0cG43QVZyb2tJdS1yVGZiRzBKMWFWQ0lFSUhuMXNSVGwzeUFfZllkcm1yYW1ucHgxSDlEdnJmMWNOdlduSEctM1VKeS1SWXBMSE8xRVhDNWtBQ3JFanhSV0g5ZE96R2JqbmtnSFV0?oc=5) · 99.9 KTDY

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=9643 (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/43.json (key "9643", 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=9643
- 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