# THE MUNICIPAL
Sioux City, IA · NCUA charter 24939 · asset band <$50M · latest filing 2024-03 · stopped filing after 2024-03 (departed; for a credit union that is almost always a merger)
Share link (named URL with a preview card): https://getbookiq.com/cu/the-municipal-24939

Who the members are: federal charter, community charter, organized 1938. 2,175 members of 3,200 potential (68.0% of the field); checking penetration 50% (share draft accounts per 100 members); loans per 100 members 27.

**Verdict on the desk:** this could be *liquidity-rich*. 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 | $22.9M |
| Members | 2,175 (-3.3% YoY) |
| Full-time staff | 3 |
| Net worth | $2.9M |
| Net worth ratio | 12.9% (p45 of band) |
| ROA (annualized) | 0.87% (p63 of band) |
| Total delinquency | 1.71% (p76 of band) |
| Net charge-offs (annualized) | 0.01% (p52 of band) |
| Loans / shares | 56% (p44 of band) |
| Cash / assets | 49.3% |
| Borrowings / assets | 0.00% |
| Net interest margin | 3.62% (p47 of band) |
| Operating expense / assets | 2.31% (p18 of band) |
| Vehicles % of loans | 48% (p30 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 0% |
| Third-party paper % of net worth | 0% (p43 of band) |
| Vehicle delinquency | 2.24% (p83 of band) |
| Vehicle NCO | 0.06% (p73 of band) |
| Repossessed % of vehicle book | 0.00% (p46 of band) |
| Real estate % of loans | 48% |
| Credit cards % of loans | 0% |
| Unsecured % of loans | 3% |
| Commercial % of net worth | 0% |
| Core shares % of member funds | 92% |
| Certificates % of member funds | 5% |
| Average share balance | $5,322 |
| Participations bought / yr | $0 |
| Participations sold / yr | $0 |
| Participations outstanding | – |
| Loans outstanding per 100 members | 27% |
| Loans granted per 100 members, annualized | 6% |
| Average loan balance | $18,725 |
| Loans granted, annualized | $2.9M |

## Flags firing in the latest filing

- **delinquency 2x band** (`aq_dq_high`)
- **delinquency rising** (`aq_dq_rising`)
- **members leaving** (`shrink_members`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2022-09 | 0 |  |  |
| 2022-12 | 0 |  |  |
| 2023-03 | 1 | losing money |  |
| 2023-06 | 0 |  | losing money |
| 2023-09 | 1 | delinquency rising |  |
| 2023-12 | 2 | delinquency 2x band |  |
| 2024-03 | 3 | members leaving |  |

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

- 2025-10-06 [James William Kavanaugh Obituary Oct 6, 2025 - Christy-Smith Funeral Homes](https://news.google.com/rss/articles/CBMiZkFVX3lxTE1wU3hqVG11dE9RQ014TURLRXcwQlBqMjQ1aEhONmVPR0pyM0pGM2NJR25zRXhBSTV3RnhGUG1zNnB0RXdfV1ozaUMyV25PbmgwV1dVVm1RdFg5TTlSdFN4cFZPOERJQQ?oc=5) · Christy-Smith Funeral Homes
- 2021-09-16 [Municipal Credit Union Unfairly Charges Overdraft, Insufficient Fees, Class Action Alleges - Top Class Actions](https://news.google.com/rss/articles/CBMi4gFBVV95cUxOTnJ6eW80Q1JDSEI1bTU5VWNGSmp0bldNeENYUEZOQ2NmeTRLYUc3Z2RQVFJ1NlpGeG9MdnVpS1dvRkxZWVJWanNWVTBFWEZBOGV6Qlp2eGJlVEY1dU5sWWhRSFNDT2cxMUdCTldFVmVZRGhXbGdncWtRU0ZMVWMzZk9zSW9EUUhlUzJIc2JKMHlFbnpOQzlCQkpyTFR2RXlXYlhvdFJucXU0TkM2Ql9mM3JQNWg3T3dpRDIyUWtXa2M1WmxiNndzNlhDZVYwZEgyVlJJSVBqdE91a1ZlekRYWXhR?oc=5) · Top Class Actions
- 2025-10-20 [The 2025 40 Under 40 - City & State New York](https://news.google.com/rss/articles/CBMigAFBVV95cUxNRnVPS1FldXl1c0FKalVsMGV5c2xkUUxBQjBaZ2VPWEc3TEd4ZHlGUGRuTlJsOU11RjNOeU5RQnBFMWdIQThidklFMlF3T2k5czRqbTBxT1h1RUZDZlhTNzNlS1c3T1NsaWJEclNhdkZPeUdwNjdWejZGWjBpZGxHSQ?oc=5) · City &amp; State New York
- 2020-05-28 [Connie K. Bauman Obituary May 28, 2020 - Meyer Brothers Funeral Homes](https://news.google.com/rss/articles/CBMiaEFVX3lxTE1oNTJIQXRqVUN2cjZCZlhmdUllTkFyZ1hxQThwQlFxUmxzVkFmYVZqZHAwdTA4NGF3SHV2SkI0TGtFbHB4aVd0WXFvT1hHb2NYRmhJX3NaelFoZXlnQlpQaHN0NkNFUU1r?oc=5) · Meyer Brothers Funeral Homes
- 2021-09-29 [Des Moines Police Union Boss Harassed Female Cops, City Says - Iowa Public Radio](https://news.google.com/rss/articles/CBMisAFBVV95cUxNTHRjZ1RIRFJIdzBVa0ZqbFJzbUk0c0wwZ3p5UDdoX3A3Mi02azFjOHpXQnl1cHpRZkpnQk9xLU1sLXVrVjREZDliQlRkMmNqZWV4OWRUWnk0UVcxMnUzYUlLTENmNXpZNlU0Z19MRXRrMXEzWTdDMTFkbVJtMGl5SFl0Rk5KbDJWbTI1YlN4WGhVbFFSbU04dUN5N216S0gyZlhHZXFjZmlBNWFsdlZQSQ?oc=5) · Iowa Public Radio
- 2021-07-17 [Judith Ann Nicolls Obituary Jul 17, 2021 - Meyer Brothers Funeral Homes](https://news.google.com/rss/articles/CBMiakFVX3lxTE1xLW1NNHlqS041RUNwSUtRamd1TUVXTGQxUjAycFB1Y0lELWxvNEZNY0RJNDc4SXVlY0kyeUpIeVprZngtNDFwTjB5Y0RPUzJDVXFFU0ZHN2VzZHhuSDVELTRTbWdmekgtQ2c?oc=5) · Meyer Brothers Funeral Homes
- 2019-01-27 [Arlo D. Herbold Obituary Jan 27, 2019 - Christy-Smith Funeral Homes](https://news.google.com/rss/articles/CBMiYkFVX3lxTE1VMHlwVzdhdWQzNVBHdWxOMktxNlVubWthY1pPei1PYjBnZ2d4aDlMaVVkSk9DY0t5eUlPVnRoVTc0RXJBRWVTUy1sdTJXRDZoZmJUOVRPdFRXQWE3SE50dDBn?oc=5) · Christy-Smith Funeral Homes
- 2017-05-30 [Ronald B. "Ronnie" Snyder Obituary May 30, 2017 - Meyer Brothers Funeral Homes](https://news.google.com/rss/articles/CBMiYEFVX3lxTFBqSDExRjVHU1hNaURjdUlOdWdZTzh0elpMTUQtVkRhemU3aFA0Z2dFNjJZVElTYkduSmRDMENVSUs1dlZWUUw1VkpUd2FQX3lWRzZMTEFJLW5CT0J6NUpsZw?oc=5) · Meyer Brothers Funeral Homes

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=24939 (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/43.json (key "24939", 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=24939
- 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.

---
Rendered 2026-09-10 from the desks' own data files. Full guide: https://getbookiq.com/guide