# COWBOY COUNTRY
PREMONT, TX · NCUA charter 5935 · asset band <$50M · latest filing 2026-03 · live
Share link (named URL with a preview card): https://getbookiq.com/cu/cowboy-country-5935

Who the members are: federal charter, multiple common bond, organized 1948, low-income designated, minority depository institution. 2,260 members of 3,000 potential (75.3% of the field); checking penetration 33% (share draft accounts per 100 members); loans per 100 members 38.

**Verdict on the desk:** this could be *stressed*. Composite score 8 of 18 (one point per flag across 17 flags, capital below 7% counted twice).

## What the filing shows

| Measure | Value |
|---|---|
| Total assets | $17.3M |
| Members | 2,260 (-3.1% YoY) |
| Full-time staff | 7 |
| Net worth | $2.6M |
| Net worth ratio | 14.8% (p50 of band) |
| ROA (annualized) | -4.65% (p2 of band) |
| Total delinquency | 5.71% (p94 of band) |
| Net charge-offs (annualized) | 4.14% (p97 of band) |
| Loans / shares | 77% (p77 of band) |
| Cash / assets | 33.6% |
| Borrowings / assets | 0.00% |
| Net interest margin | 3.67% (p42 of band) |
| Operating expense / assets | 5.12% (p80 of band) |
| Vehicles % of loans | 76% (p77 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 0% |
| Third-party paper % of net worth | 0% (p43 of band) |
| Vehicle delinquency | 7.03% (p96 of band) |
| Vehicle NCO | 5.44% (p98 of band) |
| Repossessed % of vehicle book | 0.00% (p46 of band) |
| Real estate % of loans | 0% |
| Credit cards % of loans | 0% |
| Unsecured % of loans | 3% |
| Commercial % of net worth | 0% |
| Core shares % of member funds | 70% |
| Certificates % of member funds | 28% |
| Average share balance | $4,612 |
| Participations bought / yr | $0 |
| Participations sold / yr | $0 |
| Participations outstanding | – |
| Loans outstanding per 100 members | 38% |
| Loans granted per 100 members, annualized | 14% |
| Average loan balance | $13,084 |
| Loans granted, annualized | $4.7M |

## Flags firing in the latest filing

- **losing money** (`earn_negative`)
- **delinquency 2x band** (`aq_dq_high`)
- **delinquency rising** (`aq_dq_rising`)
- **charge-offs p90** (`aq_nco_high`)
- **assets shrinking** (`shrink_assets`)
- **members leaving** (`shrink_members`)
- **loan book shrinking** (`shrink_loans`)
- **auto monoline** (`str_vehicle`)

## Warning timeline

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

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

- 2021-12-11 [NFR’s Final Night Brings 17,373 To Thomas & Mack Center Saturday, With 10-Night Total Attendance Hitting 169,539 - LVSportsBiz](https://news.google.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?oc=5) · LVSportsBiz

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=5935 (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/47.json (key "5935", 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=5935
- 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