# SWEETWATER
ROCK SPRINGS, WY · NCUA charter 13600 · asset band <$50M · latest filing 2022-09 · stopped filing after 2022-09 (departed; for a credit union that is almost always a merger)
Share link (named URL with a preview card): https://getbookiq.com/cu/sweetwater-13600

Who the members are: federal charter, community charter, organized 1960. 1,519 members of 30,000 potential (5.1% of the field); checking penetration 46% (share draft accounts per 100 members); loans per 100 members 47.

**Verdict on the desk:** this could be *too clean*. 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 | $22.0M |
| Members | 1,519 (-2.9% YoY) |
| Full-time staff | 5 |
| Net worth | $1.9M |
| Net worth ratio | 8.7% (p20 of band) |
| ROA (annualized) | -0.42% (p15 of band) |
| Total delinquency | 0.00% (p18 of band) |
| Net charge-offs (annualized) | 0.22% (p69 of band) |
| Loans / shares | 36% (p27 of band) |
| Cash / assets | 59.5% |
| Borrowings / assets | 0.00% |
| Net interest margin | 2.26% (p40 of band) |
| Operating expense / assets | 3.36% (p63 of band) |
| Vehicles % of loans | 52% (p39 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 0% |
| Third-party paper % of net worth | 0% (p42 of band) |
| Vehicle delinquency | 0.00% (p17 of band) |
| Vehicle NCO | 0.32% (p81 of band) |
| Repossessed % of vehicle book | 0.00% (p47 of band) |
| Real estate % of loans | 27% |
| Credit cards % of loans | 2% |
| Unsecured % of loans | 6% |
| Commercial % of net worth | 0% |
| Core shares % of member funds | 93% |
| Certificates % of member funds | 4% |
| Average share balance | $8,226 |
| Participations bought / yr | $0 |
| Participations sold / yr | $0 |
| Participations outstanding | – |
| Loans outstanding per 100 members | 47% |
| Loans granted per 100 members, annualized | 15% |
| Average loan balance | $10,000 |
| Loans granted, annualized | $4.6M |

## Flags firing in the latest filing

- **thin capital** (`cap_low`)
- **losing money** (`earn_negative`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 0 |  |  |
| 2016-06 | 0 |  |  |
| 2016-09 | 0 |  |  |
| 2016-12 | 0 |  |  |
| 2017-03 | 4 | losing money, delinquency rising, members leaving, loan book shrinking |  |
| 2017-06 | 5 | net worth falling |  |
| 2017-09 | 2 |  | losing money, members leaving, loan book shrinking |
| 2017-12 | 4 | losing money, members leaving |  |
| 2018-03 | 3 | delinquency 2x band | net worth falling, losing money |
| 2018-06 | 3 |  |  |
| 2018-09 | 1 |  | delinquency rising, delinquency 2x band |
| 2018-12 | 3 | net worth falling, assets shrinking |  |
| 2019-03 | 2 |  | net worth falling |
| 2019-06 | 2 |  |  |
| 2019-09 | 1 |  | assets shrinking |
| 2019-12 | 1 |  |  |
| 2020-03 | 4 | net worth falling, delinquency 2x band, delinquency rising |  |
| 2020-06 | 4 |  |  |
| 2020-09 | 5 | losing money |  |
| 2020-12 | 4 | charge-offs p90 | delinquency 2x band, delinquency rising |
| 2021-03 | 5 | margin squeeze, loan book shrinking | charge-offs p90 |
| 2021-06 | 4 | delinquency 2x band | margin squeeze, loan book shrinking |
| 2021-09 | 2 |  | net worth falling, delinquency 2x band |
| 2021-12 | 4 | thin capital, delinquency 2x band, delinquency rising | members leaving |
| 2022-03 | 7 | net worth falling, charge-offs p90, members leaving |  |
| 2022-06 | 3 |  | delinquency 2x band, delinquency rising, charge-offs p90, members leaving |
| 2022-09 | 2 |  | net worth falling |

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

- 2026-02-12 [Trona Valley Breaks Ground On New Headquarters In Rock Springs - SweetwaterNOW](https://news.google.com/rss/articles/CBMimAFBVV95cUxPOWd3Y2NkY3AzaWlQVTNBc0sxTVBldjFKRmYyZzN4MHVSa0RQT2djZUhzRll2ZF9uY2FzaDRWeDBpSVF6RXVubmp1bHJZODBMNlg5cHl6M1JNSW52emk5U08tcmJTb0p4YVlKLXdUSHFzMHF2ZmNRb3liX2J4REFFczQxSzVvbHd0TUl5a3Zld09Ya1k3eGRFdw?oc=5) · SweetwaterNOW
- 2026-03-24 [It’s the Annual TRN Media Easter Egg Hunt! - SweetwaterNOW](https://news.google.com/rss/articles/CBMie0FVX3lxTFAxT05WS1FBLTFra2hlYm9qNk4yWFZQc1EzZTBRbHp5ZGJyMEVudFVZSkZuUWZ6WlZLQVhpY3V0QjJ6WU1QVXQ3N2h4bzV4OGtBRGFXRmNNSWVrdUZHOV9YVUsxTnJkemVfOUlTUWlVZHpCWnE2UURqd05yUQ?oc=5) · SweetwaterNOW
- 2026-04-20 [Jo Ann Ruggera (February 22, 1938 – April 19, 2026) - SweetwaterNOW](https://news.google.com/rss/articles/CBMiggFBVV95cUxNYnhlWDcyY2VyWkpiZU5CUWk3WkJNWk0wYndVOGYyNVlvZkthVUF6VXpwQUtyYVgwUUotR05GN1B3cENOYi1rUUg0dUVfYVJuVjAzVmlWRnc4MzA0WGg3UXZlV2p6WHFYeTROYUo5M1ExT1otamdjWU1fRzZKUWdkMzJ3?oc=5) · SweetwaterNOW
- 2018-09-17 [Sheriff, Sweetwater Scam Alert warn of new 'Fake Check Scam' - WyomingNews.com](https://news.google.com/rss/articles/CBMi7wFBVV95cUxOVDhqUHJqTy14Qm5yczhIMUFvZ0pTQ2JEeVBwTXhTWmUtTm1DbVJqQkRJdzYzVF8xZ183NmxCa0tfVnNaalBMcHlrbWFuM0V1WmlyYllzT1ItaGEzYXB2YlI2NmNGNjFIVWlVRXpobVJRR3RRVVd6dzZYN05JRjVEQmVhYURTN0VBc3ZhTzBoTlJkMVd6VXVOeERqWm5UUXdabEgwUWJRYkhIRWs0ZHp3ZzdYYmF5R1dVMThhdnpWazdDU0k1NjZ1dmhMcTFhWVZkajRyQUo3akF5cFpKU3JfVkFzRjJ1U29QaVA1M21Uaw?oc=5) · WyomingNews.com
- 2026-02-23 [Rock Springs Bookkeeper Admits Stealing From Union For Years - cowboystatedaily.com](https://news.google.com/rss/articles/CBMiowFBVV95cUxON3ZQcnhNV1AzMHdqQjVxSktTME96QmdJa0tBaXpJU0RwTUlyYUg0VWNFcDNpWmtYaGpzV3Y1T1huLUt5dGQ3bzI1cVBOUmNDYXBoXy1oSUhmVG5HZGFvaWg4QU9waDhnR3FoU3h3TDBfV2lXUFBieC16RU9welNoSm9yTzRBejNiVU93WXFPOThxejFEZGZrRl8zU21IMk1zV05J?oc=5) · cowboystatedaily.com
- 2017-10-25 [Davidson, Corbitt to wed at Bunning Hall - WyomingNews.com](https://news.google.com/rss/articles/CBMi1gFBVV95cUxQNzQ1XzJlZkdEV1RNcG5yaVdOZzlpbWlPU214a0M2YmdDTkJOUkYwVEF6bklRUXFIeUR6Q01ReGEySFgxTTIxaHNrX0UtUUhkTkNRT0JhRHM0UXR0U3hJZ3hzSEJLaHNCQzBmY2dtYjJ2aGJCTzc3OGdBeHM1OGl4YVFGeGJXWW1nT0tuQXpqUm9qdzl1c01zc3E1dDJfTnhlRnpma2N5S3dJZERjNlZGOFF1clJCd2ZGWUh2OVFXeHFwZ0JrbHFGMEZId1N5SGdFSEJxcDlR?oc=5) · WyomingNews.com
- 2022-11-26 [WyHy Credit Union and Sweetwater FCU Merge for a Greater Member Experience & Expanded Commitment to Local Communities - SweetwaterNOW](https://news.google.com/rss/articles/CBMi3wFBVV95cUxQSC1qSlN0YmpBYVRBNFdSQjRhaVNwRGV0RG1PSzBZbUh0TkNHUUk5TzZ0a0NqX0RpcVdpVmk1NW5nbmRtRkMyMFVZVXRnYVZKeG54dDY4TVR1a0N0dmFkeGpRaklRUF80RlllUV9mVlhmMzZLallzYm1DMW83UWJnb3B5S0Z6ejJ3RWdhUXVKZzE1MVNwRFpzbWphZFBzQXRySWtRNXdMM19fM2VFMkJvNGZTZ2ppQ3QyVExxS2htcmJWM2pUR2NyUTJ2eENoUE55d2hpa1pSMzdVcHo3aG5B?oc=5) · SweetwaterNOW
- 2018-01-08 [Becky Costantino is URA’s volunteer of the month for December - WyomingNews.com](https://news.google.com/rss/articles/CBMi8wFBVV95cUxOSXphdFJnUU12SFVCbldBNkVHRU5oT0wxSWZ5czJER3dxS0R4U0M5clRqTHVXUGNiN1Y0QjlqWUppMkVEcWt1cW1VbjFTZEJGQTRNaHlISXhJM0tnaGRsT3ppVFNVT3lTczNHbHFGbVptVm9Ld2xwak1uYV9XVkd2NGU3SkZzWjRjTnlIZ25TWXhiWkxabEd0TFdGM0c1bkxFdFBCUjNGZ0pUMGhJWENpUm14QmhCMUs0QjdNaXZaSFFySjkzUHloQ1hCb0hUUXBhVTk2WjdMX3dxWk9DT3FCVm05N1h0WkRMbWxKV3M0MzRVMmM?oc=5) · WyomingNews.com

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=13600 (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/32.json (key "13600", 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=13600
- 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.

---
Rendered 2026-09-10 from the desks' own data files. Full guide: https://getbookiq.com/guide