# THRIVENT
Appleton, WI · NCUA charter 24849 · asset band $500M-1B · latest filing 2025-03 · stopped filing after 2025-03 (departed; for a credit union that is almost always a merger)
Share link (named URL with a preview card): https://getbookiq.com/cu/thrivent-24849

Who the members are: federal charter, multiple common bond, organized 2012. 51,318 members of 2,059,161 potential (2.5% of the field); checking penetration 43% (share draft accounts per 100 members); loans per 100 members 25.

**Verdict on the desk:** this could be *liquidity-tight*. 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 | $779.9M |
| Members | 51,318 (-2.2% YoY) |
| Full-time staff | 133 |
| Net worth | $81.4M |
| Net worth ratio | 10.4% (p54 of band) |
| ROA (annualized) | 0.28% (p34 of band) |
| Total delinquency | 0.34% (p25 of band) |
| Net charge-offs (annualized) | 0.28% (p31 of band) |
| Loans / shares | 98% (p93 of band) |
| Cash / assets | 4.0% |
| Borrowings / assets | 12.18% |
| Net interest margin | 3.20% (p45 of band) |
| Operating expense / assets | 3.31% (p42 of band) |
| Vehicles % of loans | 5% (p2 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 0% |
| Third-party paper % of net worth | 0% (p6 of band) |
| Vehicle delinquency | 0.35% (p27 of band) |
| Vehicle NCO | 0.55% (p33 of band) |
| Repossessed % of vehicle book | 0.00% (p18 of band) |
| Real estate % of loans | 39% |
| Credit cards % of loans | 2% |
| Unsecured % of loans | 4% |
| Commercial % of net worth | 285% |
| Core shares % of member funds | 47% |
| Certificates % of member funds | 21% |
| Average share balance | $6,821 |
| Participations bought / yr | $0 |
| Participations sold / yr | $0 |
| Participations outstanding | – |
| Loans outstanding per 100 members | 25% |
| Loans granted per 100 members, annualized | 4% |
| Average loan balance | $46,041 |
| Loans granted, annualized | $152.8M |

## Flags firing in the latest filing

- **assets shrinking** (`shrink_assets`)
- **loans>95% of shares** (`str_ltos`)
- **leaning on borrowings** (`str_borrowings`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 0 |  |  |
| 2016-06 | 0 |  |  |
| 2016-09 | 0 |  |  |
| 2016-12 | 1 | expense trap |  |
| 2017-03 | 3 | net worth falling, delinquency rising, members leaving | expense trap |
| 2017-06 | 1 |  | net worth falling, delinquency rising |
| 2017-09 | 1 |  |  |
| 2017-12 | 1 |  |  |
| 2018-03 | 1 | net worth falling | members leaving |
| 2018-06 | 0 |  | net worth falling |
| 2018-09 | 0 |  |  |
| 2018-12 | 2 | net worth falling, leaning on borrowings |  |
| 2019-03 | 2 |  |  |
| 2019-06 | 2 | delinquency rising | net worth falling |
| 2019-09 | 1 |  | delinquency rising |
| 2019-12 | 1 |  |  |
| 2020-03 | 5 | thin capital, net worth falling, losing money, margin squeeze |  |
| 2020-06 | 4 |  | losing money |
| 2020-09 | 4 | members leaving | net worth falling |
| 2020-12 | 4 | delinquency rising | margin squeeze |
| 2021-03 | 5 | net worth falling |  |
| 2021-06 | 4 |  | net worth falling |
| 2021-09 | 2 |  | members leaving, delinquency rising |
| 2021-12 | 3 | net worth falling |  |
| 2022-03 | 3 |  |  |
| 2022-06 | 3 |  |  |
| 2022-09 | 2 |  | net worth falling |
| 2022-12 | 3 | loans>95% of shares |  |
| 2023-03 | 3 |  |  |
| 2023-06 | 4 | assets shrinking |  |
| 2023-09 | 3 |  | thin capital |
| 2023-12 | 4 | members leaving |  |
| 2024-03 | 3 | thin capital | loans>95% of shares, assets shrinking |
| 2024-06 | 4 | assets shrinking, loans>95% of shares | thin capital |
| 2024-09 | 5 | delinquency rising |  |
| 2024-12 | 4 |  | delinquency rising |
| 2025-03 | 3 |  | members leaving |

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

- 2024-06-24 [Thrivent receives ILC charter - Banking Dive](https://news.google.com/rss/articles/CBMimAFBVV95cUxOY0t3azhTZUdYWUcya3FQeG5lNDNNQmpscVYyY2FnM3ZSTDdVQXFDVGR3cFYyNi15LUhEeFhKYWREVU5ucUF0YmJWbjFWQmFfdE9RbmczZ2NXN1dlRVU3QmQyU0U1aUw4dEhBWnZKYmUtSnRKU0lCeUx3Wnl1Y0E5T1dUVU5Oajl1djl0U0JLOEczX0kyOW10dA?oc=5) · Banking Dive
- 2025-06-09 [Bucking the trend: Why one credit union became a bank - American Banker](https://news.google.com/rss/articles/CBMimgFBVV95cUxPS1ZnVUJNN3hoVjdNelQ1bnZZOWxTd1JjczhjSmFNMjJ2ZXNBbWhXbms1b0tBZUZZNk4yU1otY1BDYVIzZmNubDlwZmhrUWQ1aXNaMXNYeVh1WTFHU3pjWm5jZ00wTTdrX09vSFFzdVJLU2ZPcWU3ZWNKWk9vRW5ScU9BLWZiRnB5UjZuRjlxQ2l1cWdJOUt3VXB3?oc=5) · American Banker
- 2012-01-27 [Thrivent to Turn Bank Into Nonprofit Credit Union - Twin Cities Business](https://news.google.com/rss/articles/CBMieEFVX3lxTFBiV25iZ1FCTzlyVzZ3WE9ld0x5aFVobjlIU1Fxa2c3QmdQSzJYX2k4WVdYTnQyVTRITHhqMFNDRnhnTm5LaWEzMEtvSU8zMHJ5RWR4cGxlejJNRVRObUwzeFlCcVdvd04tbnQ1bXBGQXhBRUc5Nmdsag?oc=5) · Twin Cities Business
- 2017-12-08 [Thrivent Financial to get new credit union operations center in Appleton - The Post-Crescent](https://news.google.com/rss/articles/CBMiqgFBVV95cUxOaXVWZThPVVE5SDdycHJkYnEwRVRPMmV0T3hZQmk3S3ZZM2dheHdibXRvOUlTRkFMdVJRLUh1amp2MEhmaUlqOUk2em12VUZFdmRJUlZOSDZDUkMwRDQwX2p6UEJndndjSUlMb2RwQ19peFlDQ1FMZDJkYzJKSFVxSDhFb1k1YTFBS0VaYk12RWlfa0xEakhEMTNDV1Yyb2FET3NzbzlBemI3UQ?oc=5) · The Post-Crescent
- 2014-10-10 [Streetwise: Thrivent opens second office, credit union relocates - Oshkosh Northwestern](https://news.google.com/rss/articles/CBMimAFBVV95cUxOVWN1WEZZWVVqcmRNQi1zYklsQ2F0V2dQRXc1Mm1HVFJZZXNKRDZuMTl0T2R6NWY0ZFM4TDJQdzFfeExPOTJsUF84M0h1SkNqTG1xZEEwU3BGcFBfemF0NFFwT3dxM29SZ2t3UTBGdDhvWG1UZXQtcmRBSVBFeFNFS2x1NUhmVGpWSWZUZVZIcV9ncU1vU0dEQQ?oc=5) · Oshkosh Northwestern
- 2024-06-21 [Thrivent acquires ILC charter, plans to convert credit union - American Banker](https://news.google.com/rss/articles/CBMiogFBVV95cUxPOVFlTjVQN3FVZEdpVzBQSUozcEZxbFVHX2t0LWJyZ2tRc3JQMEV5Sl9WMi13WjZPYzJkT29BNk5kQzZkZENMMkpjeTlObERXTmdwdDJaaGcyUWk3dHZZbjVYYmwwYkozMndGQnNWbXpEN1EwWjBnVWJxdDFoVGN5THhrNFk1SmZTdzJLQnVrcHZOOHNxNk5jdjhjYUVTS21RVEE?oc=5) · American Banker
- 2017-12-13 [The Buzz: Thrivent follow-up questions answered - The Post-Crescent](https://news.google.com/rss/articles/CBMivAFBVV95cUxPYk05SjdDXzFJSVp0ZXVGYzVVNVlINXNuT2xvcjg5XzdCc0lpWW9YVXZacDFVaVZrTWMzaUlIZUR0RGw2eDlTYmJCWGVYVFZkbXlxbUtXMkpqYjEyQ3ZtZnlzam5HWk5vWE5JRE9Hd2dsOE5EV1Y5LXpScHNCek5aZUFxU1B0bmtlYm1aVXl4Rmp2ZGZHUWdVMVFqcXJaVU01ZDNobnQxYzNQN3lhblNVMFFPV012TlUxbjVPMg?oc=5) · The Post-Crescent
- 2025-03-11 [Mary C. Fulcer Obituary (2025) - Appleton, WI - Wichmann Funeral Homes & Crematories - Downtown Appleton - Legacy obituary](https://news.google.com/rss/articles/CBMif0FVX3lxTFAzYi1BOWVhS0N4d3o1TVNpdGxUN215WXhfTmRoM0FYTE8yX3JnVVZBcFhCN0hvNkwxQ0xjOFltdmlMS01ocC01TkUyenUzZUl6R3c2ZEpYS2R3QTA1RlZXN3hFamFQRVg3MVloM24xSWZ4dWVCcTVKa0VCNzYycUk?oc=5) · Legacy obituary

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=24849 (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 "24849", 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=24849
- 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