# SAC
BELLEVUE, NE · NCUA charter 5400 · asset band $500M-1B · latest filing 2018-09 · stopped filing after 2018-09 (departed; for a credit union that is almost always a merger)
Share link (named URL with a preview card): https://getbookiq.com/cu/sac-5400

Who the members are: federal charter, community charter, organized 1946. 109,700 members of 950,000 potential (11.6% of the field); checking penetration 47% (share draft accounts per 100 members); loans per 100 members 50.

**Verdict on the desk:** this could be *stressed*. Composite score 5 of 18 (one point per flag across 17 flags, capital below 7% counted twice).

## What the filing shows

| Measure | Value |
|---|---|
| Total assets | $964.5M |
| Members | 109,700 (5.0% YoY) |
| Full-time staff | 238 |
| Net worth | $86.2M |
| Net worth ratio | 8.9% (p14 of band) |
| ROA (annualized) | 0.74% (p46 of band) |
| Total delinquency | 0.83% (p76 of band) |
| Net charge-offs (annualized) | 0.78% (p85 of band) |
| Loans / shares | 115% (p99 of band) |
| Cash / assets | 2.6% |
| Borrowings / assets | 12.68% |
| Net interest margin | 2.98% (p42 of band) |
| Operating expense / assets | 3.27% (p39 of band) |
| Vehicles % of loans | 61% (p91 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 96% |
| Third-party paper % of net worth | 581% (p99 of band) |
| Vehicle delinquency | 1.13% (p91 of band) |
| Vehicle NCO | 0.90% (p76 of band) |
| Repossessed % of vehicle book | 0.00% (p17 of band) |
| Real estate % of loans | 32% |
| Credit cards % of loans | 3% |
| Unsecured % of loans | 7% |
| Commercial % of net worth | 104% |
| Core shares % of member funds | 55% |
| Certificates % of member funds | 28% |
| Average share balance | $3,936 |
| Participations bought / yr | $0 |
| Participations sold / yr | $0 |
| Participations outstanding | – |
| Loans outstanding per 100 members | 50% |
| Loans granted per 100 members, annualized | 14% |
| Average loan balance | $15,615 |
| Loans granted, annualized | $331.2M |

## Flags firing in the latest filing

- **thin capital** (`cap_low`)
- **loans>95% of shares** (`str_ltos`)
- **leaning on borrowings** (`str_borrowings`)
- **3rd-party paper>100% NW** (`str_thirdparty`)
- **auto monoline** (`str_vehicle`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 5 | thin capital, loans>95% of shares, leaning on borrowings, 3rd-party paper>100% NW, auto monoline |  |
| 2016-06 | 5 |  |  |
| 2016-09 | 5 |  |  |
| 2016-12 | 5 |  |  |
| 2017-03 | 6 | delinquency 2x band |  |
| 2017-06 | 6 |  |  |
| 2017-09 | 6 |  |  |
| 2017-12 | 5 |  | delinquency 2x band |
| 2018-03 | 5 |  |  |
| 2018-06 | 6 | net worth falling |  |
| 2018-09 | 5 |  | net worth falling |

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

- 2026-01-06 [Cobalt Credit Union Teams Up with Eltropy to Deploy AI Voice - Finovate](https://news.google.com/rss/articles/CBMiigFBVV95cUxNR3VGRFBvTzNzUnQ5V0ZPa0tTVzh0aThVNndoeFk4ZFVJMU9YVENudVdtcm95bXpqMGpUYktqM0hxcVJLZVZ6UHJzamJtSEJoci1qZDlXQ193OFJPeXRMellWLUZCMjg2NkRXS2lSeTN1YTFsU0pQdTMycW8wLUxOXzRXa2NoNUZCcHc?oc=5) · Finovate
- 2026-01-05 [Cobalt Credit Union Deploys Eltropy AI Voice, Achieving 83% Session Containment Rate - livingstondaily.com](https://news.google.com/rss/articles/CBMi2gFBVV95cUxQUzJEOVJyX0JiM3E2Snl3eDI1UTFYb3Jlc3NCM2g5WUhMU3ZjUGZra2s4ZlZqQ2JpSHJMeUdRYk5WeFpFRnQxWV9SdFJXeFZ0bVFuQ2Y5R3ZfZmE2aDF4T2o0VklQbVdVYzR2cXZFSWZUUU4zVTdrUDZWaVZiSlNmRHNFbDZiN0RNM0taNHY2c0lIZDhEa05sdzdiLUNiNFN6OHAyb1ZsdzhRVklPQVdNVHUtTzE4RUdyRFBWZ0pOd1BHUDhuVF9vZDRPUExncjR4LVA4ZUU4Z2ZEQQ?oc=5) · livingstondaily.com
- 2017-08-18 [SAC Federal Credit Union earns Air Force level award - offutt.af.mil](https://news.google.com/rss/articles/CBMiogFBVV95cUxQZE8xTWRZazByR05rUEJuZkNTanlPVHg5eFZCNjVub3pJeDZLT1EzQ1FIZF9rV1FWWWROSkhLcG8zRGVmajZKUG9xMlY1UnV1VHpRMXFtM19LaUVsQm8zaWQzTEhpMnlPOWx2dEVabTNHbHYzZmR6RXl3VktSb1ZPNEZEWGNla1hHQjlTMU55OUxRUndxdnVMQnBlNmtVaFM0ZUE?oc=5) · offutt.af.mil
- 2018-04-26 [Gail L. DeBoer | College of Business Administration - University of Nebraska at Omaha](https://news.google.com/rss/articles/CBMiiAFBVV95cUxNa0RqSUpMbGo2NGJ0WFlSQXpaR1ZhRTc2emdRZVJWelZrTlFuWUZybC1CM3lkNDMzNE93UEtOY0psdkxUTF9jYXZsTWk5eERoMXZLb1FZT1BtSENES2xfQjhlZEN0OU1zdExSRGotZW9uNnJwTEJQS01ObVNwQ2hIOVZWeFl1dEZ2?oc=5) · University of Nebraska at Omaha
- 2018-08-01 [SAC Federal Credit Union makes a name change - KETV](https://news.google.com/rss/articles/CBMiigFBVV95cUxNanVwVlhFWEZaLXVZN2dMR0hsZUtRXzdjb2xQOFJDUlFLTEJSMEpuNXNNLTBpMEUzOHZhNzk1SG5tUW1wc010TnRxRlgydXYwa0U5ZU5xUTlGRU55WDluZGdaV05pNGJnbnJEeWhYcTN6Yl9KUGJQdXl6MHJBbFJJNE5CWnFnODE5aGc?oc=5) · KETV
- 2018-08-01 [SAC Federal Credit Union Changes Name to Cobalt Credit Union - PRWeb](https://news.google.com/rss/articles/CBMirgFBVV95cUxQcUloYWNqVUl6UE94ZXdWanZiYnpkWmdyWUJ1ejNXb0tfdmJxb1BWUExxeW9mYU96NzZCeE5fUDFjR1V2NnhBaXU0a2RLVGxSQzhpUEs4MHRpWC1FSUU4RVZ2YlB3aEVTQ3FYS0JLN3NnUzhPX19qc1IwTXBIbHpNUGFycGtsMnI5SDRBNS1WWURNWmNDVlA4Znd2OHFDelk1bmRTVVh2QTBXcEh5NXc?oc=5) · PRWeb
- 2012-11-15 [SAC Federal Credit Union New Corporate Headquarters - Architect Magazine](https://news.google.com/rss/articles/CBMipAFBVV95cUxPSzlSVVZ5MmdQU2RUYnpBUGVvd2tsUW4tS2x3M1pGOGQ1a1lnV2tVbEpncWl2cVdLeEZCYW9EQi1XcUlZMVRXS3RxalBrd3hRNG5hbkJuXzJNcml6ODV6ZjRWOVVmdG8zd1p5VG9mM0ctREVIeG1ETHAweG9RRlEzSlJyVXJ4X3B0SC13bzF1MTNKdjhDLWNDbEMtQkRORUg5YmdjVQ?oc=5) · Architect Magazine
- 2012-07-28 [SAC Federal Credit Union New Corporate Headquarters / Leo A Daly - ArchDaily](https://news.google.com/rss/articles/CBMimwFBVV95cUxPLW16RGlPdUtwZUxuc3ljc3piX2kxUVJldEJxUnk4bnpIUncxVjdTYXhhNFoxLVZvM0tmaTRwN29FU1hGWmdIa2tBTGxhU3BnWTVwVG1fbkR6aWF6N3JqSlh4ZWJJNnVsQ3dnc2hpVmRaTG9DNDBXLWJ5aWlUWm1OWjJSeWZjSDhITkUwM2x4S1IxLTFkd0ZnNFRyVQ?oc=5) · ArchDaily

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=5400 (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/24.json (key "5400", 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=5400
- 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