# KSW
WATERVILLE, ME · NCUA charter 9943 · asset band $100-200M · latest filing 2026-03 · live
Share link (named URL with a preview card): https://getbookiq.com/cu/ksw-9943

Who the members are: federal charter, community charter, organized 1954. 9,553 members of 192,892 potential (5.0% of the field); checking penetration 52% (share draft accounts per 100 members); loans per 100 members 101.

**Verdict on the desk:** this could be *indirect buyer*. 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 | $120.6M |
| Members | 9,553 (0.1% YoY) |
| Full-time staff | 22 |
| Net worth | $17.2M |
| Net worth ratio | 14.2% (p78 of band) |
| ROA (annualized) | 2.01% (p95 of band) |
| Total delinquency | 0.34% (p27 of band) |
| Net charge-offs (annualized) | 0.21% (p35 of band) |
| Loans / shares | 87% (p86 of band) |
| Cash / assets | 20.5% |
| Borrowings / assets | 0.00% |
| Net interest margin | 4.19% (p79 of band) |
| Operating expense / assets | 3.30% (p37 of band) |
| Vehicles % of loans | 56% (p79 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 66% |
| Third-party paper % of net worth | 200% (p85 of band) |
| Vehicle delinquency | 0.40% (p37 of band) |
| Vehicle NCO | 0.62% (p55 of band) |
| Repossessed % of vehicle book | 0.00% (p32 of band) |
| Real estate % of loans | 31% |
| Credit cards % of loans | 2% |
| Unsecured % of loans | 7% |
| Commercial % of net worth | 0% |
| Core shares % of member funds | 60% |
| Certificates % of member funds | 26% |
| Average share balance | $5,198 |
| Participations bought / yr | $892,932 |
| Participations sold / yr | $0 |
| Participations outstanding | $9.4M |
| Loans outstanding per 100 members | 101% |
| Loans granted per 100 members, annualized | 17% |
| Average loan balance | $9,387 |
| Loans granted, annualized | $37.5M |

## Participation posture (from the same filings)

Bought $892,932 and sold $0 in the latest annualized quarter; $9.4M outstanding purchased (55.0% of net worth), $0 sold and retained. Sold in 0 and bought in 8 of the last 8 quarters. Shares 13.8% year over year.

## Flags firing in the latest filing

- **net worth falling** (`cap_falling`)
- **3rd-party paper>100% NW** (`str_thirdparty`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 2 | loans>95% of shares, 3rd-party paper>100% NW |  |
| 2016-06 | 2 |  |  |
| 2016-09 | 2 |  |  |
| 2016-12 | 2 |  |  |
| 2017-03 | 2 |  |  |
| 2017-06 | 2 |  |  |
| 2017-09 | 3 | delinquency rising |  |
| 2017-12 | 2 |  | delinquency rising |
| 2018-03 | 2 |  |  |
| 2018-06 | 2 |  |  |
| 2018-09 | 3 | leaning on borrowings |  |
| 2018-12 | 4 | delinquency rising |  |
| 2019-03 | 2 |  | leaning on borrowings, delinquency rising |
| 2019-06 | 2 |  |  |
| 2019-09 | 2 |  |  |
| 2019-12 | 2 |  |  |
| 2020-03 | 1 |  | loans>95% of shares |
| 2020-06 | 5 | net worth falling, margin squeeze, delinquency 2x band, delinquency rising |  |
| 2020-09 | 2 |  | net worth falling, margin squeeze, delinquency rising |
| 2020-12 | 3 | margin squeeze, delinquency rising | delinquency 2x band |
| 2021-03 | 4 | thin capital, net worth falling | delinquency rising |
| 2021-06 | 2 |  | margin squeeze, net worth falling |
| 2021-09 | 1 |  | thin capital |
| 2021-12 | 1 |  |  |
| 2022-03 | 1 |  |  |
| 2022-06 | 1 |  |  |
| 2022-09 | 1 |  |  |
| 2022-12 | 2 | loans>95% of shares |  |
| 2023-03 | 2 |  |  |
| 2023-06 | 5 | delinquency 2x band, delinquency rising, assets shrinking |  |
| 2023-09 | 4 |  | delinquency 2x band |
| 2023-12 | 3 |  | assets shrinking |
| 2024-03 | 2 |  | delinquency rising |
| 2024-06 | 3 | delinquency 2x band |  |
| 2024-09 | 2 |  | delinquency 2x band |
| 2024-12 | 2 |  |  |
| 2025-03 | 1 |  | loans>95% of shares |
| 2025-06 | 1 |  |  |
| 2025-09 | 1 |  |  |
| 2025-12 | 2 | delinquency rising |  |
| 2026-03 | 2 | net worth falling | delinquency rising |

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

- 2023-12-14 [Annette Jacques Obituary - Waterville, ME - Dignity Memorial](https://news.google.com/rss/articles/CBMiiAFBVV95cUxPZDA1WUkwRk5TVjRMS0xJWEw5ZHN2blVLYVJPZjVIUm4xVVpPckJ0ZDZKelBFaTZ0cGRxMGc1SmZzT1FXZTE5U0tDUjBiTlMzVzYtZDJscFhIdjk4Y2lROE5ROHdtLW1YbDdVTm9ZQmVsaVRST1Rlc3l6MnlVUW9OWnNtRC1famlU?oc=5) · Dignity Memorial
- 2025-12-03 [Ken Walsh is grand marshal as annual Parade of Lights kicks off the holiday season in Downtown Waterville - townline.org](https://news.google.com/rss/articles/CBMixgFBVV95cUxOaGxUX1Y4eWg2QVNDUXVjczAydjhlNFhyX2VoQXRPYVdHdEo1Zk4wQ2QzeXE2WTd1YXcxR0NkcVJTdFF3U00zOWctUS0xYmhDYU1aYzFDcTVwYzZMaTlOdVIyUHB0Z1JVRnJ6STVBYkZVY0I0b1o0MTUybUZRT20tNENjVE16b0FJUGxGRU5wdTlpMkVkeWdOTmo5SFpKOWUtZmpWU1hwamVSTHBmZGxudFdtVUV3ZjB0NHBCdFpTMFZFa2d6MFE?oc=5) · townline.org
- 2024-07-02 [Joshua Guy Faulkner Obituary (2024) - Pittsfield, ME - Shorey-Nichols Funeral Home & Crematory Services, Pittsfield - legacy.com](https://news.google.com/rss/articles/CBMihAFBVV95cUxQTzU2eG9MWi1INzc2TGdFeGFoRzhnY2UyVHdYcEpIaWZwa3Z5ZGIzYk90VGRBQzdyR1l6eXozNlVrNDFvLUFaTFBTTzR3MUYybk5WRUVvZ2tMTjhHOWNWTmY5YkVIdzNzb3NuQ3QwSnlEMWNPVlBLRWVrWHhmMUtDUThSUlQ?oc=5) · legacy.com
- 2024-12-01 [Obituary: Anne L. Boulette - Centralmaine.com](https://news.google.com/rss/articles/CBMidEFVX3lxTE0xSXNNSEVySjFKM3dHMVhRMWJIdEdDdjJOczd3RG42a0VCMTRoX21MSnpCcWRCX2pMcURwOXVseWE3U1BSVUVtQzExTkUzQnNfVWFDamhwUTAxN183bk1ZVXJuWEJEaWxRblhrbmVmcmhTY0Nk?oc=5) · Centralmaine.com
- 2024-10-23 [The Annual Camp Out Hunger Food Drive Returns to Central Maine This November - 92 Moose](https://news.google.com/rss/articles/CBMiY0FVX3lxTE15NUFoUEFqN0cwNEw3YlFBb3JqVHpreFg3WHJlUGtsSGhsM3R4dHBaeFlGbXowb1k1djcwQnBWbWNTNXBVTkZaUVRtc1V1NzdHZWpTdkc4aHlXdzNSQzVUbXhNSQ?oc=5) · 92 Moose
- 2018-03-07 [James Veilleux Obituary - Waterville, ME - Dignity Memorial](https://news.google.com/rss/articles/CBMihgFBVV95cUxQQjN2ckJNZmhVdjRwWmxkZmd5TVlBTnB3a2hVZkoxWldsYWJmeUxBZEpGazZ2YTZFbGN6WUtUSVVMdEdUX1J3Y2tfVXIwOHRaOS1Hd0VraE14RXJOT3c4M3lhMXZCdFZscWtLbHZCRVRmQmpPY1F6SlFHZTFsN3NWT0VXT1J3QQ?oc=5) · Dignity Memorial
- 2014-04-21 [Herbert Nielsen Obituary (1928 - 2014) - Waterville, ME - Central Maine - legacy.com](https://news.google.com/rss/articles/CBMiowFBVV95cUxOZ2V2My1qdE9VT2otMWJtOXlQTkZJeFQ0UkNFVEFlUmJhY2VkeDVfam5oM1dQM3dZWkRWdk1ELUNPQ1BBY2JXNnZTN1dCeFRyYnZBM0phWGZoNmFsR3JXN0xiaTFCaXBwZ0pnZjNEMEdXOGt0bzdBbkE1Y1Z3ZXNHTjlIbTFxRVJOTzRGZnl0bzFfWjZiZ1MtRHFnRHVQN0cyb3Ew?oc=5) · legacy.com
- 2013-09-30 [ANGEL FURBUSH Obituary (2013) - Fairfield, ME - Central Maine - legacy.com](https://news.google.com/rss/articles/CBMiogFBVV95cUxQRXZ6N3ppY21zb1QySWk1U0NGREw2TFVGUnhvQmhCWkZmRy1JcTNPcFJnM2ZNTm54ODdDeDVKMXFaTmNVTFB3MG1JeFZCU1drRG9WN1h5NmZGU3FJa1JkRWRSb2xzQTE5TzVkZC1XOWp0bVFfTDUtZjU5SlZIYmp0UFVzMy1oOG10Q0FwTlZKMVY3d2JJdXVHOEdYSEtRTVg1UGc?oc=5) · legacy.com

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=9943 (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 "9943", 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=9943
- 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