# COBALT
Papillion, NE · NCUA charter 24917 · asset band $1-10B · latest filing 2026-03 · live
Share link (named URL with a preview card): https://getbookiq.com/cu/cobalt-24917

Who the members are: federal charter, community charter, organized 1946, low-income designated. 117,031 members of 1,024,858 potential (11.4% of the field); checking penetration 52% (share draft accounts per 100 members); loans per 100 members 50.

**Verdict on the desk:** this could be *indirect buyer*. 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 | $1.33B |
| Members | 117,031 (0.9% YoY) |
| Full-time staff | 230 |
| Net worth | $119.3M |
| Net worth ratio | 9.0% (p13 of band) |
| ROA (annualized) | 0.74% (p52 of band) |
| Total delinquency | 0.69% (p57 of band) |
| Net charge-offs (annualized) | 1.01% (p85 of band) |
| Loans / shares | 96% (p80 of band) |
| Cash / assets | 2.0% |
| Borrowings / assets | 2.79% |
| Net interest margin | 4.80% (p98 of band) |
| Operating expense / assets | 4.37% (p93 of band) |
| Vehicles % of loans | 37% (p72 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 92% |
| Third-party paper % of net worth | 437% (p96 of band) |
| Vehicle delinquency | 1.06% (p80 of band) |
| Vehicle NCO | 1.98% (p84 of band) |
| Repossessed % of vehicle book | 0.00% (p11 of band) |
| Real estate % of loans | 30% |
| Credit cards % of loans | 0% |
| Unsecured % of loans | 13% |
| Commercial % of net worth | 190% |
| Core shares % of member funds | 41% |
| Certificates % of member funds | 19% |
| Average share balance | $5,407 |
| Participations bought / yr | $0 |
| Participations sold / yr | $0 |
| Participations outstanding | $43.3M |
| Loans outstanding per 100 members | 50% |
| Loans granted per 100 members, annualized | 15% |
| Average loan balance | $18,971 |
| Loans granted, annualized | $425.8M |

## Participation posture (from the same filings)

Bought $0 and sold $0 in the latest annualized quarter; $43.3M outstanding purchased (36.3% of net worth), $1.2M sold and retained. Sold in 3 and bought in 4 of the last 8 quarters. Shares -1.0% year over year.

## Flags firing in the latest filing

- **thin capital** (`cap_low`)
- **expense trap** (`earn_opex`)
- **loans>95% of shares** (`str_ltos`)
- **3rd-party paper>100% NW** (`str_thirdparty`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2020-06 | 5 | thin capital, charge-offs p90, loans>95% of shares, leaning on borrowings, 3rd-party paper>100% NW |  |
| 2020-09 | 5 |  |  |
| 2020-12 | 6 | net worth falling |  |
| 2021-03 | 7 | auto monoline |  |
| 2021-06 | 5 |  | thin capital, net worth falling |
| 2021-09 | 4 |  | charge-offs p90 |
| 2021-12 | 4 |  |  |
| 2022-03 | 5 | net worth falling |  |
| 2022-06 | 4 |  | net worth falling |
| 2022-09 | 5 | thin capital |  |
| 2022-12 | 4 |  | thin capital |
| 2023-03 | 6 | thin capital, delinquency rising |  |
| 2023-06 | 5 |  | thin capital |
| 2023-09 | 4 |  | auto monoline |
| 2023-12 | 4 |  |  |
| 2024-03 | 5 | losing money |  |
| 2024-06 | 4 | net worth falling | loans>95% of shares, leaning on borrowings |
| 2024-09 | 5 | thin capital |  |
| 2024-12 | 3 |  | delinquency rising, net worth falling |
| 2025-03 | 2 |  | losing money |
| 2025-06 | 2 |  |  |
| 2025-09 | 3 | members leaving |  |
| 2025-12 | 2 |  | members leaving |
| 2026-03 | 4 | expense trap, loans>95% of shares |  |

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

- 2025-10-02 [Cobalt Credit Union helps workers with No-Interest loans - KETV](https://news.google.com/rss/articles/CBMiiwFBVV95cUxNNThlQ0JBWXhIVFNqdW02cnBfbnpMM1IzNHY1dnNWRE1vOVR3bTB1Q0JUaV9UbzJqT0dmMnlTVVo1NDFzeUJUbWV5V1hiTVVWMlFpWDdvSm5uSGVsTUFwY1Fsb2luUGQxM2gzZWIwN0lyVnNBOWhoRmtDSGlRb1I4TDlUQUswUHBqTG1Z?oc=5) · KETV
- 2025-10-16 [A Premier Partnership - Creighton University Athletics](https://news.google.com/rss/articles/CBMiiAFBVV95cUxNdldCLXZ2cEZ1ZERvVXdybGdTcmJIMUZsYlVTTHlxZGJiVXQ5MVdSYndfRTgycjFOUDBXeV91WVhtSVRSV3Rxc0M4M0NSNE05T0l3bk9yblhXQmxiWVFmOHBWQTVObUt6ZzBsNlF1Q1FtZk5KWUNaakg2R3dGQjNzWnJrYzdqRWNM?oc=5) · Creighton University Athletics
- 2025-01-06 [Watchdogs say $13.6 million is missing from recently-absorbed Omaha-based credit union - WOWT](https://news.google.com/rss/articles/CBMisgFBVV95cUxQNHBIY2ZLNnpHLUdyTTR6VW12RnkxVE1hdk9nYmFyRGFJZVVrU25TcU9GY3gxUExxbmdxOWtlS2VNcUVyOF9iYzZLTmtaQ1dHY3plbm9VbWQtX18wbkZmbENkcENiTld0eEdOVXpaNC1VNEIxR0hPVU13TTRzTjFPd3k5ZHUwSHlPZC1MVDk2TkNkeVY2ZmFUdWJFN1ZoVWJSSDRGeWlGd2xOVkdmZkxhVE5n0gHGAUFVX3lxTFBmdG5aZU1mNDdrUXVaaTA5cmhTMTZtSnVKUHFaWVJ0LXhWX0IwYl9NVXFLdDJDQ0gtZ0xqX05IOGdXVE93MFRPNEFnNUZkMUJQYXJLbGlxUHRzNzJvek5uSUdKcGphdUFZZWxNSVZlV3VYM2xoZjVUd1ZNWVF2TnhHdVY0NUp5UzdXdlR3LU5MbENWbDZMUVh5ZU0zQ1NOVDdWVk84c21CSjA0SVF1X1I1eXpQeEo1Q2FRUzdDaHNJaDBaSmw4Zw?oc=5) · WOWT
- 2021-01-07 [Cobalt Credit Union Names Bellevue University Alumna Robin Larsen as New President and CEO - Bellevue University News](https://news.google.com/rss/articles/CBMiuAFBVV95cUxQX1p0a0JoaEpybjl2ZGZnVk9haE1vRkNONFMzWTNyVTlsZnFZMWhMZEx6cG8xc2FrSlpSNEJVd1Y4anIxRkstdjRGMGluRWxkNVI0MmV4cGFUUy1GZEsxaWdQVC1Gc01BY1BaMVJMTUpTY2F2X2E4bVJzWEZOSWJSNFRFUFQ5Ulg5VHVQYzFOSlBsTS00X2Y5ZWM0UENUU3dIZVJ5YmY3Tm9zclpXQWpPOXJqNGt0M2Jl?oc=5) · Bellevue University News
- 2024-02-12 [Plattsmouth High School, Cobalt Credit Union team up to open location - WKYT](https://news.google.com/rss/articles/CBMipwFBVV95cUxPVkpxT3NaLVFQZmlZM204M2s0WXNrcGpnQVZfWkg0LVpFcnNtNWNrNVRaandjaEJuSEQyRHhGYnFRb2ZkUmdjUkZKeEFrU0lkdTdXUlNvMGtzVWJBTWwwMEVmbXI3NW02ZUU5bTlEQ1d4QXJ2al9zeVJRanlaQm5XSE8xVnZTbEdORmthaVpPeUhrUEpTZ0VOb3RqeFRGcUJOTldCdlRGMA?oc=5) · WKYT
- 2025-07-07 [Brandon Luetkenhaus Named President/CEO of Nebraska Credit Union League - CUTimes](https://news.google.com/rss/articles/CBMiqgFBVV95cUxQdDQ0aGFPQm5oS3NqNERscENJOGNZNDZ1clFLR216bS1yVlhfaVNhV2R1VHM2NHBpSEJPZXRiS2ZuOTF4OXZUcUdqYkJ3bThiS1VsV2c4ZGo3THEyZUh5M1hhUHd4b1Q0RGVjQUFBS29YZEZ6MGVuVWJmNUJPTjRTeU9aVWE1R2tuTGdjbE9abnBwMUFvS2dKX1JGY0htQnFfWWpNM3BnQ2thdw?oc=5) · CUTimes
- 2025-01-07 [Audit reveals Omaha-based credit union’s $12 million loss was a result of decades of fraud - WOWT](https://news.google.com/rss/articles/CBMiswFBVV95cUxOWmNVM0hTZzUwZlRCeV9ZeXRSeXNYcVFPN0sxLXhYNGpEMENpU1JublpJelF6VjByakcwSWVORjNrZndLUzNZdG1YbEE1akplVnBZM2pvM0NILWNESk1wQ21fUHVJMVo0S1MzMzZwSzk1TWNzNGpiaTdQUXkyN1ZnODFYV0hocWt6TlIyTGlmdFNXakpMS0FVaFktYzJyYTRycWo4ZHgyOFl6ZUxXTjNpQTd2Yw?oc=5) · WOWT
- 2018-08-01 [SAC Federal Credit Union makes a name change - KETV](https://news.google.com/rss/articles/CBMiigFBVV95cUxNanVwVlhFWEZaLXVZN2dMR0hsZUtRXzdjb2xQOFJDUlFLTEJSMEpuNXNNLTBpMEUzOHZhNzk1SG5tUW1wc010TnRxRlgydXYwa0U5ZU5xUTlGRU55WDluZGdaV05pNGJnbnJEeWhYcTN6Yl9KUGJQdXl6MHJBbFJJNE5CWnFnODE5aGc?oc=5) · KETV

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=24917 (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/21.json (key "24917", 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=24917
- 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