# EMC
DES MOINES, IA · NCUA charter 60033 · asset band <$50M · latest filing 2017-03 · stopped filing after 2017-03 (departed; for a credit union that is almost always a merger)
Share link (named URL with a preview card): https://getbookiq.com/cu/emc-60033

Who the members are: state charter, organized 1936. 1,010 members of 3,000 potential (33.7% of the field); checking penetration 29% (share draft accounts per 100 members); loans per 100 members 30.

**Verdict on the desk:** this could be *auto monoline*. 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 | $8.5M |
| Members | 1,010 (-6.8% YoY) |
| Full-time staff | 1 |
| Net worth | $735,925 |
| Net worth ratio | 8.6% (p18 of band) |
| ROA (annualized) | 0.01% (p32 of band) |
| Total delinquency | 0.00% (p5 of band) |
| Net charge-offs (annualized) | 0.00% (p34 of band) |
| Loans / shares | 33% (p16 of band) |
| Cash / assets | 36.7% |
| Borrowings / assets | 0.00% |
| Net interest margin | 1.61% (p6 of band) |
| Operating expense / assets | 1.99% (p14 of band) |
| Vehicles % of loans | 65% (p71 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 0% |
| Third-party paper % of net worth | 0% (p45 of band) |
| Vehicle delinquency | 0.00% (p15 of band) |
| Vehicle NCO | 0.00% (p34 of band) |
| Repossessed % of vehicle book | 0.00% (p44 of band) |
| Real estate % of loans | 21% |
| Credit cards % of loans | 1% |
| Unsecured % of loans | 5% |
| Commercial % of net worth | 0% |
| Core shares % of member funds | 100% |
| Certificates % of member funds | 0% |
| Average share balance | $5,064 |
| Participations bought / yr | $0 |
| Participations sold / yr | $0 |
| Participations outstanding | – |
| Loans outstanding per 100 members | 30% |
| Loans granted per 100 members, annualized | 11% |
| Average loan balance | $8,410 |
| Loans granted, annualized | $1.6M |

## Flags firing in the latest filing

- **thin capital** (`cap_low`)
- **net worth falling** (`cap_falling`)
- **members leaving** (`shrink_members`)
- **auto monoline** (`str_vehicle`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 1 | thin capital |  |
| 2016-06 | 1 | auto monoline | thin capital |
| 2016-09 | 0 |  | auto monoline |
| 2016-12 | 1 | auto monoline |  |
| 2017-03 | 4 | thin capital, net worth falling, members leaving |  |

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

- 2026-07-01 [Quote du jour: Polk's $200K fix for "something that is not broken" - axios.com](https://news.google.com/rss/articles/CBMimwFBVV95cUxNakFBSlhhOVIzcnJXaVZ2NkRqN1llcVZsb2pqS0VqMS02V1R0WHltZG1SN2s1MWx1N2RHVFcyZVctbldtX2hQaEVhWWJWeWs2dkpHRG1reVpMVXM0WlQwUlhVajhLY3ZMMmhXcTNDV3hhV2gyaWRwUVRjemZ6T3hhWTY1UU95cmJvLTJlZ210UW14WnUxX3ViWnA1Zw?oc=5) · axios.com
- 2026-06-16 [Polk County to bid on events center management - axios.com](https://news.google.com/rss/articles/CBMioAFBVV95cUxQV0tIOGRJNlVQTzAtaDdGTE1ITXlscHp3QVZjTVNNb25wcmJmNUN1TS05UXhvVTVHM1U2cjFSbUNhdUNJZXhsUERkRHFwcFhqYy1CbTVYSC1FcWZkRG5BTV84X1BZbWk4ZVQySmpmamR4VVRiNGVtS1gwdEZpc2lHMFd0cjhnWlpDdVVSUzJNRjkyS2Jmb2pCbEpkOFRPSTUz?oc=5) · axios.com
- 2025-09-11 [Iowa Events Center profits drop after record concert year in 2024, arena managers say - The Des Moines Register](https://news.google.com/rss/articles/CBMixAFBVV95cUxNNWlEeEdTeHBWVWJaS29FQWQwazJuN200WDlRb3hVY202blJvWmhkSkU1OWRES1ZwNHdpU0o1ZTNRcXpjYmhRUVM4azFTSFRjdmxXVTNBS3Y2aFRlMVJ0MUZlZFNfQzRET1I0UkpuTksyREdVeTZGYm1XaXVxRDhIb00zMkhmbzY3V3hLbC1VNDVOOFN6TnRoR3VVNFd4Vk5qQ3ZRZkZCenNja1VxQldCcGZabzhOeTIxczVTMzdWajVXY01G?oc=5) · The Des Moines Register
- 2026-07-21 [Leadership Catoosa celebrates 22 program graduates - The Rome News-Tribune](https://news.google.com/rss/articles/CBMi9AFBVV95cUxOc3o3ZF80Z1Q4VGhWeXVPYUhDdzZmUVZoRnU0TVhlVTE4bkM2THRicTQ2M0RGS2twZmxfTDhLelhIUWJNaUNWampyMHdpZ29meEJuQnNuaHRSaUZtaEhuLVFLSTZmZVF6Q0xsNUtqUlk1Sk5oRjVIU0ZDaTIzRm15Q0wtTDFtMHJOQnBKeU9TY19EYkUwcW5HT0lwNlY3eThMeXNfOWkxMnZyc0Z3UGRFVnZaakx0ZVNCVkJTTWpqVUVPZTZzb1RCOWdwR0htTUlkYWVOYllXNjh3WFk1dUpLVVJUcEJhbFM5MXNEMFB1Skx5MlAt?oc=5) · The Rome News-Tribune
- 2018-09-17 [Top Workplaces: I love my job because ... - The Des Moines Register](https://news.google.com/rss/articles/CBMisgFBVV95cUxPQzFNQ0NpMUVOdnFXT21haDRzVWJXZkJaejFxYWZjRDk1Rkt1cnBBMWhoblJmcDhITnJtcnhIUkRCM2FrcjZQLTNzckJlV0JVOTlnZ1doSGdOVWdoTGR0czNYb3FTWkl5Mks4ZlQtWnJGWk1ILVcza19CemJsODRVTjhLTzdObGlZN3hZejI4SFc1NWk4Wm9vZFZLckV1QWFwUWVseHBJQlBXazVuVnk2Vi13?oc=5) · The Des Moines Register

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=60033 (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/1.json (key "60033", 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=60033
- 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