NPL Explorer surfaces NCUA-insured credit unions showing signs of loan distress — net-worth pressure, rising delinquencies, and member-business-loan strain — using quarterly NCUA call-report data, so note investors can source distressed debt before the market does.
In Q2 2026, 50 institutions showed capital levels below peer medians.
LAMONT BANK OF ST JOHN · WA
EMPOWERMENT COMMUNITY DEVELOPMENT · TX
HOBART IND SCHOOL EMPLOYEES · IN
Banks (FDIC-insured) are flagged when the Tier 1 leverage ratio drops below 5% OR the total risk-based capital ratio drops below 10%. Credit unions (NCUA-chartered) are flagged when the net worth ratio drops below 7% (the NCUA "well capitalized" line). Flagged institutions are then ranked by how far their nonperforming-loan ratio sits above the median for their size cohort. For banks: Tier 1 leverage ratio — FDIC BankFind RBC1AAJ; total risk-based capital ratio — FDIC BankFind RBCRWAJ. Capital ratios still come from BankFind; only the nonperforming-loan figures moved to direct call-report sourcing. Bank nonperforming-loan ratio: numerator — FFIEC Call Report Schedule RC-N line 9, 90+ days past due col B (RCFD1407 / RCON1407) plus nonaccrual col C (RCFD1403 / RCON1403); denominator — Schedule RC-C line 12 total loans (RCFD2122 / RCON2122). For credit unions: net worth ratio — NCUA ACCT_998 (reported in hundredths of a percent and converted to a percentage). Credit-union delinquency ratio — NCUA ACCT_041B divided by total loans, ACCT_025B. Comparing banks with credit unions: the capital flag uses different regulatory thresholds for each (Tier 1 / total risk-based capital for banks, net worth ratio for credit unions). The peer ranking compares bank "non-current" loans (90+ days past due or nonaccrual) with credit-union "60+ days delinquent" loans — the closest measures the two filings share, not exact equivalents. Methodology updated 2026-03-31: the bank nonperforming-loan figures used in the peer ranking now come directly from FFIEC Call Report Schedule RC-N rather than an approximation derived from BankFind ratios. The capital-flag thresholds (5%, 10%, 7%) are unchanged. Read the methodology update note at /blog/npl-explorer-fdic-cdr-direct-sourcing.
In Q2 2026, nonperforming loans secured by 1-4 family — 1st lien collateral rose among 50 credit unions tracked.
POWER CO-OP EMPLOYEES · IA
LASSEN COUNTY · CA
VUE COMMUNITY · ND
This card ranks credit unions whose nonperforming-loan ratio for the named collateral type rose at least 0.5 percentage points quarter-over-quarter. To qualify, the credit union's loans of that collateral type must exceed $1M, its current ratio must be above 2%, and it must hold at least $50M of total loans (which filters out very small credit unions). Per-collateral nonperforming volume is the sum of the four 60+-days-delinquent buckets for that collateral type (DL0058–DL0061 for 1st-lien, DL0065–DL0068 for junior-lien, DL0093–DL0096 for multifamily) — the same 60+-day delinquency measure NPL Explorer uses for credit unions elsewhere. Source: NCUA 5300 Call Report Schedule FS220P (Loan Loss Distribution) for delinquency, and Schedule FS220L for per-collateral balances. Banks do not publish equivalent per-collateral data in FDIC BankFind; the bank-side counterpart is the FFIEC Call Report (CDR). Sorted by quarter-over-quarter change, largest first.
In Q2 2026, LAMONT BANK OF ST JOHN in WA reported nonperforming loans at 49.83%, exceeding the peer median of 0.36% by +49.47pp.
LAMONT BANK OF ST JOHN · WA
EMPOWERMENT COMMUNITY DEVELOPMENT · TX
HOBART IND SCHOOL EMPLOYEES · IN
We rank institutions whose nonperforming-loan ratio is at least 2× the median for their size cohort. The peer median is the median nonperforming ratio across all active institutions in the same size cohort and quarter. Qualifying institutions are sorted by how far their ratio sits above that median, largest first, so the biggest outliers lead the list. For banks (FDIC-insured): non-current loans — FFIEC Call Report Schedule RC-N line 9, 90+ days past due col B (RCFD1407 / RCON1407) plus nonaccrual col C (RCFD1403 / RCON1403); total loans denominator — Schedule RC-C line 12 (RCFD2122 / RCON2122). For credit unions: 60+ days delinquent — NCUA ACCT_041B (direct aggregate); total loans denominator — NCUA ACCT_025B. Size cohorts and peer medians are recalculated every quarter. Comparing banks with credit unions: bank "non-current" loans (90+ days past due or nonaccrual) and credit-union "60+ days delinquent" loans are the closest measures the two filings share, not exact equivalents. Methodology updated 2026-03-31: bank non-current loan volumes now come directly from FFIEC Call Report Schedule RC-N. Earlier quarters used an approximation derived from BankFind ratios, so today's rankings use a more precise bank-side figure. Read the methodology update note at /blog/npl-explorer-fdic-cdr-direct-sourcing.
In Q2 2026, nonperforming loans secured by 1-4 family — 1st lien collateral rose among 50 credit unions tracked.
POWER CO-OP EMPLOYEES · IA
LASSEN COUNTY · CA
VUE COMMUNITY · ND
This card ranks credit unions whose nonperforming-loan ratio for the named collateral type rose at least 0.5 percentage points quarter-over-quarter. To qualify, the credit union's loans of that collateral type must exceed $1M, its current ratio must be above 2%, and it must hold at least $50M of total loans (which filters out very small credit unions). Per-collateral nonperforming volume is the sum of the four 60+-days-delinquent buckets for that collateral type (DL0058–DL0061 for 1st-lien, DL0065–DL0068 for junior-lien, DL0093–DL0096 for multifamily) — the same 60+-day delinquency measure NPL Explorer uses for credit unions elsewhere. Source: NCUA 5300 Call Report Schedule FS220P (Loan Loss Distribution) for delinquency, and Schedule FS220L for per-collateral balances. Banks do not publish equivalent per-collateral data in FDIC BankFind; the bank-side counterpart is the FFIEC Call Report (CDR). Sorted by quarter-over-quarter change, largest first.
In Q2 2026, 50 institutions showed capital levels below peer medians.
LAMONT BANK OF ST JOHN · WA
EMPOWERMENT COMMUNITY DEVELOPMENT · TX
HOBART IND SCHOOL EMPLOYEES · IN
Banks (FDIC-insured) are flagged when the Tier 1 leverage ratio drops below 5% OR the total risk-based capital ratio drops below 10%. Credit unions (NCUA-chartered) are flagged when the net worth ratio drops below 7% (the NCUA "well capitalized" line). Flagged institutions are then ranked by how far their nonperforming-loan ratio sits above the median for their size cohort. For banks: Tier 1 leverage ratio — FDIC BankFind RBC1AAJ; total risk-based capital ratio — FDIC BankFind RBCRWAJ. Capital ratios still come from BankFind; only the nonperforming-loan figures moved to direct call-report sourcing. Bank nonperforming-loan ratio: numerator — FFIEC Call Report Schedule RC-N line 9, 90+ days past due col B (RCFD1407 / RCON1407) plus nonaccrual col C (RCFD1403 / RCON1403); denominator — Schedule RC-C line 12 total loans (RCFD2122 / RCON2122). For credit unions: net worth ratio — NCUA ACCT_998 (reported in hundredths of a percent and converted to a percentage). Credit-union delinquency ratio — NCUA ACCT_041B divided by total loans, ACCT_025B. Comparing banks with credit unions: the capital flag uses different regulatory thresholds for each (Tier 1 / total risk-based capital for banks, net worth ratio for credit unions). The peer ranking compares bank "non-current" loans (90+ days past due or nonaccrual) with credit-union "60+ days delinquent" loans — the closest measures the two filings share, not exact equivalents. Methodology updated 2026-03-31: the bank nonperforming-loan figures used in the peer ranking now come directly from FFIEC Call Report Schedule RC-N rather than an approximation derived from BankFind ratios. The capital-flag thresholds (5%, 10%, 7%) are unchanged. Read the methodology update note at /blog/npl-explorer-fdic-cdr-direct-sourcing.
50 institutions reported negative net worth in Q2 2026.
JACKSON AREA · MS
HOBART IND SCHOOL EMPLOYEES · IN
HERITAGE HUB · TX
We rank credit unions whose net worth ratio is below the 7% well-capitalized threshold. Ratios are shown in percent: 7.0 means 7%. (NCUA reports net worth ratio, ACCT_998, in hundredths of a percent; we divide by 100.) The 7% well-capitalized line and the 6% adequately-capitalized floor are the NCUA Prompt Corrective Action (PCA) triggers under 12 CFR §702 — credit unions below 7% face earnings-retention requirements, and credit unions below 6% are classified undercapitalized, with escalating supervisory restrictions. Sorted by net worth ratio, lowest first, so the most thinly capitalized credit unions lead the list. Credit unions only (NCUA 5300); banks have a separate Tier 1 leverage and risk-based capital framework.
In Q2 2026, LAMONT BANK OF ST JOHN in WA reported nonperforming loans at 49.83%, exceeding the peer median of 0.36% by +49.47pp.
LAMONT BANK OF ST JOHN · WA
EMPOWERMENT COMMUNITY DEVELOPMENT · TX
HOBART IND SCHOOL EMPLOYEES · IN
We rank institutions whose nonperforming-loan ratio is at least 2× the median for their size cohort. The peer median is the median nonperforming ratio across all active institutions in the same size cohort and quarter. Qualifying institutions are sorted by how far their ratio sits above that median, largest first, so the biggest outliers lead the list. For banks (FDIC-insured): non-current loans — FFIEC Call Report Schedule RC-N line 9, 90+ days past due col B (RCFD1407 / RCON1407) plus nonaccrual col C (RCFD1403 / RCON1403); total loans denominator — Schedule RC-C line 12 (RCFD2122 / RCON2122). For credit unions: 60+ days delinquent — NCUA ACCT_041B (direct aggregate); total loans denominator — NCUA ACCT_025B. Size cohorts and peer medians are recalculated every quarter. Comparing banks with credit unions: bank "non-current" loans (90+ days past due or nonaccrual) and credit-union "60+ days delinquent" loans are the closest measures the two filings share, not exact equivalents. Methodology updated 2026-03-31: bank non-current loan volumes now come directly from FFIEC Call Report Schedule RC-N. Earlier quarters used an approximation derived from BankFind ratios, so today's rankings use a more precise bank-side figure. Read the methodology update note at /blog/npl-explorer-fdic-cdr-direct-sourcing.
In Q2 2026, 50 institutions reported auto loan concentration data.
HALIFAX COUNTY COMMUNITY · VA
BILLERICA MUNICIPAL EMPLOYEES · MA
SIDNEY · NY
This card ranks credit unions whose auto-loan exposure is both elevated and growing. The underlying NCUA series reports all dealer-originated ("indirect") lending — mostly auto in practice (~78% of indirect-lending volume per NCUA FS220P Q4 2025; the rest is dealer-originated residential mortgage, commercial and other lending). Concentration is indirect lending (ACCT_618A) ÷ total loans (ACCT_025B). A credit union qualifies when concentration is above 0.25 (more than 25% of total loans) AND rose at least 0.005 quarter-over-quarter (a 0.5 percentage-point rise on the prior quarter). Sibling to the Auto NPL Trend card, which uses the same NCUA indirect-lending series but ranks on delinquency (ACCT_041E aggregate ÷ ACCT_618A) rather than concentration. Sorted by quarter-over-quarter change, largest first. Credit unions only (NCUA 5300); banks do not report dealer-originated auto lending separately in FDIC BankFind financial data.
In Q2 2026, 50 institutions reported auto loan nonperforming levels.
HAR-CO · MD
ACHIEVE FINANCIAL · CT
BAXTER · IL
This card ranks credit unions whose auto-loan portfolio shows rising delinquency. The underlying NCUA series reports all dealer-originated ("indirect") lending. Auto is the largest part but not the only one: per NCUA FS220P Q4 2025, of $341B in total credit-union indirect loans outstanding, ~$266B (~78%) is new and used vehicle loans (ACCT_IN0002); the rest is dealer-originated residential mortgage, commercial and other lending. The delinquency ratio is the total amount of delinquent indirect loans (ACCT_041E, NCUA Schedule FS220A — "Amount of Delinquent Indirect Loans") divided by total indirect loans outstanding (ACCT_618A). FS220A also defines aging sub-bucket codes (021E/022E/023E), but they are reported as zero across the board, so the ranking does not use them. A credit union qualifies when it holds at least $10M of indirect loans, its current delinquency ratio is above 1.5%, and that ratio rose at least 0.3 percentage points quarter-over-quarter. Sibling to the Auto Concentration card, which ranks on concentration trend rather than delinquency. Sorted by quarter-over-quarter change, largest first. Credit unions only (NCUA 5300); banks do not report dealer-originated auto lending separately in FDIC BankFind financial data.
Net Worth Ratio = net worth ÷ total assets; a credit union falls below "well capitalized" under 7%. Non-performing loans % = (nonaccrual + 90-days-past-due loans) ÷ total loans. Charge-off ratio = net charge-offs ÷ average loans. Member-business-loan concentration and rising delinquencies are the credit-union analogues of bank NPL and OREO stress.
Figures are derived from quarterly NCUA call reports and FFIEC Central Data Repository filings — public-domain U.S. Government data. Methodology maintained by Robert Hytha, mortgage-note investor since 2011.
Frequently asked questions
What is a non-performing loan?
A non-performing loan (NPL) is a loan whose borrower has stopped making scheduled payments — typically 90 or more days past due, or on nonaccrual status. Banks carrying rising NPLs often sell them at a discount to recover capital, which is where note investors source distressed debt.
How do I find credit unions selling distressed debt?
Start with the institutions showing the most loan distress — a high Texas Ratio, rising non-performing loans, and shrinking net worth ratio. NPL Explorer ranks every NCUA-insured credit union on these quarterly call-report signals so you can identify likely sellers before they come to market.
Where does this data come from, and how current is it?
Every metric is derived from quarterly NCUA call reports and FFIEC Central Data Repository filings — the same regulatory data credit unions are required to file. NPL Explorer refreshes each quarter; the figures shown reflect the most recently completed reporting quarter.
How are credit-union distress signals different from banks'?
Credit unions report to the NCUA rather than the FDIC, and their primary capital signal is the Net Worth Ratio — a credit union falls below “well capitalized” under 7%. Member-business-loan concentration and rising delinquencies are the credit-union analogues of bank NPL and OREO stress.
