# MIDWEST AMERICA
Fort Wayne, IN · NCUA charter 1427 · asset band $500M-1B · latest filing 2026-03 · live
Share link (named URL with a preview card): https://getbookiq.com/cu/midwest-america-1427

Who the members are: federal charter, multiple common bond, organized 1936, low-income designated. 51,712 members of 216,634 potential (23.9% of the field); checking penetration 56% (share draft accounts per 100 members); loans per 100 members 57.

**Verdict on the desk:** this could be *indirect buyer*. Composite score 1 of 18 (one point per flag across 17 flags, capital below 7% counted twice).

## What the filing shows

| Measure | Value |
|---|---|
| Total assets | $995.0M |
| Members | 51,712 (0.6% YoY) |
| Full-time staff | 190 |
| Net worth | $141.8M |
| Net worth ratio | 14.3% (p89 of band) |
| ROA (annualized) | 0.98% (p73 of band) |
| Total delinquency | 0.82% (p67 of band) |
| Net charge-offs (annualized) | 0.48% (p55 of band) |
| Loans / shares | 88% (p71 of band) |
| Cash / assets | 9.7% |
| Borrowings / assets | 0.25% |
| Net interest margin | 3.81% (p75 of band) |
| Operating expense / assets | 3.41% (p41 of band) |
| Vehicles % of loans | 40% (p73 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 73% |
| Third-party paper % of net worth | 166% (p67 of band) |
| Vehicle delinquency | 1.80% (p94 of band) |
| Vehicle NCO | 1.18% (p64 of band) |
| Repossessed % of vehicle book | 0.11% (p69 of band) |
| Real estate % of loans | 23% |
| Credit cards % of loans | 0% |
| Unsecured % of loans | 1% |
| Commercial % of net worth | 157% |
| Core shares % of member funds | 47% |
| Certificates % of member funds | 36% |
| Average share balance | $8,173 |
| Participations bought / yr | $41.4M |
| Participations sold / yr | $0 |
| Participations outstanding | $103.3M |
| Loans outstanding per 100 members | 57% |
| Loans granted per 100 members, annualized | 16% |
| Average loan balance | $24,968 |
| Loans granted, annualized | $264.9M |

## Participation posture (from the same filings)

Bought $41.4M and sold $0 in the latest annualized quarter; $103.3M outstanding purchased (72.9% of net worth), $0 sold and retained. Sold in 0 and bought in 7 of the last 8 quarters. Shares 4.9% year over year.

## Flags firing in the latest filing

- **3rd-party paper>100% NW** (`str_thirdparty`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 1 | 3rd-party paper>100% NW |  |
| 2016-06 | 1 |  |  |
| 2016-09 | 1 |  |  |
| 2016-12 | 1 |  |  |
| 2017-03 | 1 |  |  |
| 2017-06 | 3 | delinquency rising, loans>95% of shares |  |
| 2017-09 | 2 |  | delinquency rising |
| 2017-12 | 2 |  |  |
| 2018-03 | 1 |  | loans>95% of shares |
| 2018-06 | 2 | loans>95% of shares |  |
| 2018-09 | 2 |  |  |
| 2018-12 | 2 |  |  |
| 2019-03 | 1 |  | loans>95% of shares |
| 2019-06 | 1 |  |  |
| 2019-09 | 1 |  |  |
| 2019-12 | 1 |  |  |
| 2020-03 | 2 | delinquency rising |  |
| 2020-06 | 3 | net worth falling |  |
| 2020-09 | 2 |  | delinquency rising |
| 2020-12 | 1 |  | net worth falling |
| 2021-03 | 1 |  |  |
| 2021-06 | 1 |  |  |
| 2021-09 | 2 | members leaving |  |
| 2021-12 | 2 |  |  |
| 2022-03 | 3 | net worth falling |  |
| 2022-06 | 2 |  | net worth falling |
| 2022-09 | 3 | delinquency rising |  |
| 2022-12 | 3 |  |  |
| 2023-03 | 4 | assets shrinking |  |
| 2023-06 | 3 |  | assets shrinking |
| 2023-09 | 2 |  | delinquency rising |
| 2023-12 | 3 | delinquency rising |  |
| 2024-03 | 2 |  | members leaving |
| 2024-06 | 1 |  | delinquency rising |
| 2024-09 | 2 | delinquency rising |  |
| 2024-12 | 3 | net worth falling |  |
| 2025-03 | 2 |  | delinquency rising |
| 2025-06 | 2 | delinquency rising | net worth falling |
| 2025-09 | 2 |  |  |
| 2025-12 | 2 |  |  |
| 2026-03 | 1 |  | delinquency rising |

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

- 2026-06-29 [AI Replaces Lending Handoffs At Credit Union - National Mortgage Professional](https://news.google.com/rss/articles/CBMikAFBVV95cUxPeVJuRWllQ1BSTnRmN1NFMkxMYXcwbWw5WGxKdTh3NWdWX054T0U1aVJDZm9HOVVwcnRaM09TaEx3eWp0ZDE4djFrOGhmNkIyUUxvemRxSXdaQm1nTjlmMzI2SW1Uc1EwYVh0SEJsZVB2V3V3V3JIMDZ3aXpPOGc5c252OGJYTGNRd2hEYTRQcjA?oc=5) · National Mortgage Professional
- 2026-07-02 [MidWest America FCU consolidates lending workflows with Algebrik AI - fintechfutures.com](https://news.google.com/rss/articles/CBMipgFBVV95cUxQMTR5cVZMbVE1NDhaQ0RDV0xBNGc4SE9zd3ZLeDJiR0s5QzdqdDFldFlpUlJXOEo4cHdDcVJDMEVJNmRsVDM0Rk14Wk5HOXdKR3RPdGplOEx3NURKV2l5a005cUV1NnJqQ2sxaEhjRHpROG9TUFkybEFkaUFwbmlFOFV5Mk9jTUFSdmJwY2ZPSjVmTjBnc1ZON0ZjWEtEOU5yM2tMLUNn?oc=5) · fintechfutures.com
- 2026-06-29 [MidWest America FCU Partners with Algebrik AI to Modernize Lending for Next-Gen Members - FF News](https://news.google.com/rss/articles/CBMisAFBVV95cUxORDhZbVkwM3p1Tko1ejNwUy01ZURfX3pyQUN2YmVoRFhvcVFDX3I3eFpvU3lMNE5YZ1QtZXVIemhuRkNvWk43ejZsRjkxSXFKUGhzby1sQUJZOUpld0FkZjh5ZjVqbUpoa2w3dks2dzluYlJEX295Q2M5S3M1RlBqTzMtRkg0VFF0MDdKTjJKTEtmdGlyUmxINkdWOGliekZkRkdzNDdEY1FvUE43MnV2aA?oc=5) · FF News
- 2026-06-29 [MidWest America FCU chooses to move to connected lending with Algebrik AI to win next-generation members - Yahoo Finance](https://news.google.com/rss/articles/CBMinAFBVV95cUxPMnppZm42T2dkSG5GZzdDR0VrazFQU00xWUJhbjR2SXl3QV9jal9TamdwMF9MemhYRnJJYTBZTEhfVWgwRGlObWRJQ25xRDV0S3BLZlBTYnFlUHFHYTFmMGZuSzEtUjNueVBheUJNNU1VUE9MV1lRRDl0M0liR2lpQ1loQUgxTlFPaEJiM004S2xhVnY0bnhVUWU1YU4?oc=5) · Yahoo Finance
- 2025-10-15 [Best Banks and Credit Unions in the Midwest for 2026 - money.com](https://news.google.com/rss/articles/CBMiZkFVX3lxTE82RHpGVFdYdmgtYnRZdldhNnpSa1pCX3B2Z2wwajU5RTZrODJQUEI5S3pLLWNzdkIwSEVvRDFSbjN5LURqVFdQVGRUcUxUZHg2b2hVNUJ0MDJXclpsdmJIZnFOVHJHQQ?oc=5) · money.com
- 2022-04-21 [Service One Credit Union to assume ownership of 2 MidWest America FCU - WBKO](https://news.google.com/rss/articles/CBMinAFBVV95cUxQZm82a3NmSUNXc2hDOVNKaGY4X2xUOFNKMGVqeU41OG5iRmhkYVU0dlg4RHZJZTZRekNuZjVpRGNsNHNaV1lRdmd3WkRaZ0pBbmo4MnAxckR3STdEcXBRU29ydENMYlVRTjlCVmVWaWtsZkNMdG41VlJ5eldyLUJKbDZ4cGFXdGVlSndYeDJuMTdub2JnRjNCRHNfNVDSAbABQVVfeXFMT2UtUTBrRUxxTkx4SUEzUHdnRGd6VG1VYmlUMVdnazM3Y09aSGI2YkRfVy03Z2M4OFVLRWVmWVp4MTVVc0xJeFFwZ3NhdWV6NTZ5dWE0M05rVHBWZTNjVXlxTmE1WjgxY3FnTHd3Y01rbFlBbzhZeXc0d2p3UnlkRXZBQ1pDWVdabnFyOFNubXhDeDF0Q0JJdDA4UkVYenNJUEV4VVpFNUFjLXM3amhnZGg?oc=5) · WBKO
- 2024-08-29 [Aug. 29 - MidWest America unveils new location in New Haven - Fort Wayne Business Weekly](https://news.google.com/rss/articles/CBMiiAFBVV95cUxOOHJ6aVhSVnRQRGRZLTJlSGFMbmtOUmNNRlh3WEpKWmw5REVSQ2diWWp4UU1NRHdlRjVuWWpMa1NmOVRoSk1IMVMzTGJRMkR5eVBXQzZpa2ZfM3R4dGQzV2w3YUJmSHJMLXVENXV5MGRhQV9JdmVvTW84MXFOVzRReWVfVnV6d0t2?oc=5) · Fort Wayne Business Weekly
- 2023-02-24 [MidWest America Federal Credit Union in Indiana names new CEO - americanbanker.com](https://news.google.com/rss/articles/CBMirwFBVV95cUxPZDRpSncyd2RfWE1WdGgyYWlMYjhveURMU1NWTVFsR3I5Q00tNWIxRkxyNDJ4RDd0QUktd1dmdjJqV2M1bTdqTWpQRWNqZFhVZHlyN2FvNENxcnlSbnZXWkoxTXFnYW1ucDVTTnpVOGVQOTMxemVZRlRRc3FxNWM5RzA1b0NxUUNQUExZNWNNeFpNeFZRaTU4N0REakNRSjVIb2RRMVV1RmRHT0ZUVGdz?oc=5) · americanbanker.com

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=1427 (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/19.json (key "1427", 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=1427
- 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