# LOWELL MUNICIPAL EMPLOYEES
Lowell, MA · NCUA charter 2065 · asset band <$50M · latest filing 2026-03 · live
Share link (named URL with a preview card): https://getbookiq.com/cu/lowell-municipal-employees-2065

Who the members are: federal charter, government (single sponsor), organized 1937, low-income designated. 1,278 members of 2,200 potential (58.1% of the field); checking penetration 9% (share draft accounts per 100 members); loans per 100 members 40.

**Verdict on the desk:** this could be *auto monoline*. Composite score 4 of 18 (one point per flag across 17 flags, capital below 7% counted twice).

## What the filing shows

| Measure | Value |
|---|---|
| Total assets | $8.7M |
| Members | 1,278 (-0.3% YoY) |
| Full-time staff | 1 |
| Net worth | $681,283 |
| Net worth ratio | 7.8% (p5 of band) |
| ROA (annualized) | 0.50% (p46 of band) |
| Total delinquency | 0.00% (p8 of band) |
| Net charge-offs (annualized) | 0.00% (p37 of band) |
| Loans / shares | 60% (p53 of band) |
| Cash / assets | 43.7% |
| Borrowings / assets | 0.00% |
| Net interest margin | 3.60% (p38 of band) |
| Operating expense / assets | 3.10% (p34 of band) |
| Vehicles % of loans | 73% (p70 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 0% |
| Third-party paper % of net worth | 0% (p43 of band) |
| Vehicle delinquency | 0.00% (p16 of band) |
| Vehicle NCO | 0.00% (p35 of band) |
| Repossessed % of vehicle book | 0.00% (p46 of band) |
| Real estate % of loans | 0% |
| Credit cards % of loans | 0% |
| Unsecured % of loans | 23% |
| Commercial % of net worth | 0% |
| Core shares % of member funds | 62% |
| Certificates % of member funds | 11% |
| Average share balance | $5,060 |
| Participations bought / yr | $0 |
| Participations sold / yr | $0 |
| Participations outstanding | – |
| Loans outstanding per 100 members | 40% |
| Loans granted per 100 members, annualized | 14% |
| Average loan balance | $9,410 |
| Loans granted, annualized | $692,060 |

## Flags firing in the latest filing

- **thin capital** (`cap_low`)
- **margin squeeze** (`earn_nim_squeeze`)
- **loan book shrinking** (`shrink_loans`)
- **auto monoline** (`str_vehicle`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 2 | thin capital, losing money |  |
| 2016-06 | 2 |  |  |
| 2016-09 | 1 |  | thin capital |
| 2016-12 | 1 |  |  |
| 2017-03 | 7 | thin capital, delinquency 2x band, delinquency rising, assets shrinking, members leaving, loan book shrinking |  |
| 2017-06 | 6 | net worth falling | delinquency 2x band, members leaving |
| 2017-09 | 3 |  | delinquency rising, loan book shrinking, net worth falling |
| 2017-12 | 4 | members leaving |  |
| 2018-03 | 2 |  | losing money, members leaving |
| 2018-06 | 2 |  |  |
| 2018-09 | 1 |  | assets shrinking |
| 2018-12 | 1 |  |  |
| 2019-03 | 4 | net worth falling, delinquency rising, auto monoline |  |
| 2019-06 | 4 |  |  |
| 2019-09 | 2 |  | net worth falling, delinquency rising |
| 2019-12 | 3 | assets shrinking |  |
| 2020-03 | 3 |  |  |
| 2020-06 | 3 | net worth falling | assets shrinking |
| 2020-09 | 5 | losing money, members leaving |  |
| 2020-12 | 6 | margin squeeze, delinquency rising | net worth falling |
| 2021-03 | 5 |  | delinquency rising |
| 2021-06 | 5 | net worth falling | members leaving |
| 2021-09 | 4 | delinquency rising | auto monoline, margin squeeze |
| 2021-12 | 3 | auto monoline | net worth falling, delinquency rising |
| 2022-03 | 6 | capital below 7%, delinquency rising |  |
| 2022-06 | 6 | net worth falling | losing money |
| 2022-09 | 2 |  | capital below 7%, delinquency rising, net worth falling |
| 2022-12 | 2 |  |  |
| 2023-03 | 3 | assets shrinking |  |
| 2023-06 | 3 |  |  |
| 2023-09 | 2 |  | assets shrinking |
| 2023-12 | 3 | members leaving |  |
| 2024-03 | 2 |  | members leaving |
| 2024-06 | 2 |  |  |
| 2024-09 | 2 |  |  |
| 2024-12 | 2 |  |  |
| 2025-03 | 2 |  |  |
| 2025-06 | 3 | delinquency rising |  |
| 2025-09 | 4 | net worth falling |  |
| 2025-12 | 2 |  | delinquency rising, net worth falling |
| 2026-03 | 4 | margin squeeze, loan book shrinking |  |

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

- 2026-04-15 [Kathleen M. Goddard Obituary - Littleton , MA - Lowell Sun](https://news.google.com/rss/articles/CBMieEFVX3lxTE5UNGFFc3FheHdhLTRDSUdrZlYwcGJNRlI5QWd0ZzJCRDU5eTRnM1VrNzZsUzEzd2J1NkxMckx4Xy10bFdLRlhWWUxjUjA0SHdtcldSazFXclpQSWdPT09zVUdMVEstYTlJU3dqWkpVUjVuV2JOZWl2bg?oc=5) · Lowell Sun
- 2019-03-01 [Michael G. Demaras Obituary Mar 1, 2019 - obits.mckennaouellette.com](https://news.google.com/rss/articles/CBMiX0FVX3lxTE1OWUpxeWZCMklJMXNvNUR5NzQwX0VibERPcEpSb3lNbUtnRHBEQUViT1BSbUJFb0h4MmxadzZsQ0RsQ0M0Nk5FRkdYd0dMeGcwc2htNnhTRjNWb2h5SVdr?oc=5) · obits.mckennaouellette.com

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=2065 (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/17.json (key "2065", 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=2065
- 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