# LCO
Hayward, WI · NCUA charter 24648 · asset band <$50M · latest filing 2026-03 · live
Share link (named URL with a preview card): https://getbookiq.com/cu/lco-24648

Who the members are: federal charter, associational, organized 2001, low-income designated, minority depository institution. 1,307 members of 6,000 potential (21.8% of the field); checking penetration 24% (share draft accounts per 100 members); loans per 100 members 36.

**Verdict on the desk:** this could be *auto monoline*. Composite score 3 of 18 (one point per flag across 17 flags, capital below 7% counted twice).

## What the filing shows

| Measure | Value |
|---|---|
| Total assets | $2.9M |
| Members | 1,307 (4.9% YoY) |
| Full-time staff | 6 |
| Net worth | $396,543 |
| Net worth ratio | 13.6% (p42 of band) |
| ROA (annualized) | 0.92% (p67 of band) |
| Total delinquency | 0.79% (p56 of band) |
| Net charge-offs (annualized) | -0.03% (p17 of band) |
| Loans / shares | 39% (p23 of band) |
| Cash / assets | 66.1% |
| Borrowings / assets | 3.43% |
| Net interest margin | 6.18% (p96 of band) |
| Operating expense / assets | 7.75% (p95 of band) |
| Vehicles % of loans | 61% (p49 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 | 29% |
| Commercial % of net worth | 0% |
| Core shares % of member funds | 96% |
| Certificates % of member funds | 4% |
| Average share balance | $1,263 |
| Participations bought / yr | $0 |
| Participations sold / yr | $0 |
| Participations outstanding | – |
| Loans outstanding per 100 members | 36% |
| Loans granted per 100 members, annualized | 46% |
| Average loan balance | $2,076 |
| Loans granted, annualized | $1.5M |

## Flags firing in the latest filing

- **net worth falling** (`cap_falling`)
- **expense trap** (`earn_opex`)
- **auto monoline** (`str_vehicle`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 5 | thin capital, expense trap, delinquency 2x band, leaning on borrowings, auto monoline |  |
| 2016-06 | 8 | losing money, charge-offs p90, loans>95% of shares |  |
| 2016-09 | 10 | net worth falling, repo signal |  |
| 2016-12 | 6 |  | auto monoline, losing money, charge-offs p90, repo signal |
| 2017-03 | 8 | assets shrinking, members leaving, loan book shrinking, auto monoline | thin capital, net worth falling |
| 2017-06 | 8 | thin capital | loan book shrinking |
| 2017-09 | 7 | net worth falling, delinquency rising | assets shrinking, members leaving, auto monoline |
| 2017-12 | 6 |  | delinquency rising |
| 2018-03 | 9 | margin squeeze, delinquency rising, charge-offs p90, auto monoline | loans>95% of shares |
| 2018-06 | 7 |  | net worth falling, charge-offs p90 |
| 2018-09 | 4 | loans>95% of shares | thin capital, margin squeeze, delinquency rising, auto monoline |
| 2018-12 | 4 |  |  |
| 2019-03 | 9 | thin capital, losing money, charge-offs p90, assets shrinking, members leaving, auto monoline | loans>95% of shares |
| 2019-06 | 10 | net worth falling |  |
| 2019-09 | 6 | loans>95% of shares | delinquency 2x band, thin capital, losing money, assets shrinking, net worth falling |
| 2019-12 | 6 | margin squeeze | members leaving |
| 2020-03 | 6 | delinquency 2x band, delinquency rising | charge-offs p90, loans>95% of shares |
| 2020-06 | 5 | thin capital, losing money | expense trap, leaning on borrowings, delinquency rising |
| 2020-09 | 8 | net worth falling, expense trap, charge-offs p90, loan book shrinking | delinquency 2x band |
| 2020-12 | 7 |  | net worth falling |
| 2021-03 | 9 | capital below 7%, members leaving | charge-offs p90 |
| 2021-06 | 7 |  | margin squeeze, losing money |
| 2021-09 | 6 | margin squeeze | capital below 7% |
| 2021-12 | 6 |  |  |
| 2022-03 | 8 | losing money, delinquency rising, assets shrinking | members leaving |
| 2022-06 | 7 |  | margin squeeze |
| 2022-09 | 7 | members leaving | auto monoline |
| 2022-12 | 10 | capital below 7%, delinquency 2x band |  |
| 2023-03 | 11 | net worth falling |  |
| 2023-06 | 6 |  | thin capital, losing money, capital below 7%, net worth falling |
| 2023-09 | 4 |  | assets shrinking, members leaving |
| 2023-12 | 3 |  | delinquency rising |
| 2024-03 | 2 |  | expense trap |
| 2024-06 | 1 |  | loan book shrinking |
| 2024-09 | 1 | assets shrinking | delinquency 2x band |
| 2024-12 | 0 |  | assets shrinking |
| 2025-03 | 1 | assets shrinking |  |
| 2025-06 | 2 | expense trap, margin squeeze | assets shrinking |
| 2025-09 | 2 |  |  |
| 2025-12 | 2 |  |  |
| 2026-03 | 3 | net worth falling, auto monoline | margin squeeze |

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

- 2016-04-20 [Pennies for a Cure achieves success at LCO Ojibwe School - apg-wi.com](https://news.google.com/rss/articles/CBMi9gFBVV95cUxPblRGN2F4Xzg3V2twc3BoQzlrMjZJVGl5Q0NSOWg0QzlvZ2JibThQVmlfZUROakxQSVgxMFk0NjkzS0M2cmpuR0MweFp0elB5SFhneXVPVHE2UW5PVEJWc1Q4aUhKOGxycHVKQzh4S0wxUk9pLS11V1NFTmVvRkZsdExSc3JiVk1JbFQwbVV0LThCNVZmMkV0NExZb0FaaUlOd1dMNXpjTXlybGoyQnB1TnRfOWI3X0ROcm1NaXJCNF9qNUl6WG96WmgwY3NMUldkS29qbno4bkNOVnE4WWkycWlFelREQzJJVFhiNXRFdzFXdncyM1E?oc=5) · apg-wi.com
- 2022-07-13 [Dolores DeNasha honored as 2022 Anishinaabekwe - apg-wi.com](https://news.google.com/rss/articles/CBMi1wFBVV95cUxOUmM5VXp1bWhIaWhDd0dnR2JGbmVITmRUWERDdUVqUUdveHVVckxTb3psV0FqN05Hd2NrTFZYWmtxcmt1NVlHbVE2dUhGOXpRM3BfSEJOUTU1U0Zjd3lqZGYzX0pCU2hYMENnVEU1UTFjVGRGSUhXX1NWdnZmbnhPcVhHR1hnQzVzZk9VVEFMMFJEbUpkNk1hN25vSjNHeENoMnJOMElpd3lLdG1KNExMMU9HYTRiYUtnank1aE8zcFNtSGdZNUFkcmpBVExyWmQ4LV9jUS1iWQ?oc=5) · apg-wi.com
- 2018-04-04 [Pennies for a Cure 2018 a success at LCO Ojibwe School - apg-wi.com](https://news.google.com/rss/articles/CBMi6AFBVV95cUxNbm9ueFkyeUh3ZDNaSXhKWENaZk51RGdXVE1OT0w0b2xNdkttRW8wQ3JURmU2TlNTS2ptY21lQ2p0azhMSWlEUGVtaE5sVm1sOUtLS0I0VkpYMGNUXy1xa3dIUl8zTFB5S1BLX19YOEs5cmtncDhraWRndWp4UTJ5MjFsV0NPN0pmUFRoT3hqalpPUEFybXRoM2s0Z0c5bl80cUcxaENsZnlYeG80d3FEQWJnSVZZdG82WHNfWnpmc0poX0dwSWlZaG5RTlFiZkltV19rOHVjN3ZEbzlTWHY1YWVYdWdGZEgz?oc=5) · apg-wi.com
- 2017-12-19 [Sheriff’s officers commended for recent actions - apg-wi.com](https://news.google.com/rss/articles/CBMi4wFBVV95cUxPeVN6c2l1c0hSX1ZvVGc4Ykl0ekRkWUQxZjBxYW9wLVBfcUkwdW5mcXhDTjB1QW5FWE85eEdEZURhOHFKbVBSWDRJZFZ3Z1hMbWpUZ1gxU3JGMEJmbEZlcXJ0WGJnM1F2MmcydUgyRDZKLWwxSng2Um1rQ2czYjVvRkhtN1Y4czdDUGt3cWNVcFJpeEpYTEJZX3FVdUZvR3FyLTdDZG9ac2ZBVi1BeEZFZGlYSldFTDNuQmlfQzdydWh6clRZNzV0SGlOWDZrOUVnUHFWZ2FzVDA5UVJMUnFfVl9vQQ?oc=5) · apg-wi.com

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=24648 (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/8.json (key "24648", 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=24648
- 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