# TEXAS DOW EMPLOYEES
Houston, TX · NCUA charter 60705 · asset band $1-10B · latest filing 2026-03 · live
Share link (named URL with a preview card): https://getbookiq.com/cu/texas-dow-employees-60705

Who the members are: state charter, organized 1954. 400,093 members of 31,572,300 potential (1.3% of the field); checking penetration 60% (share draft accounts per 100 members); loans per 100 members 49.

**Verdict on the desk:** this could be *stressed*. Composite score 6 of 18 (one point per flag across 17 flags, capital below 7% counted twice).

## What the filing shows

| Measure | Value |
|---|---|
| Total assets | $5.10B |
| Members | 400,093 (4.0% YoY) |
| Full-time staff | 731 |
| Net worth | $503.0M |
| Net worth ratio | 9.9% (p31 of band) |
| ROA (annualized) | 0.43% (p24 of band) |
| Total delinquency | 1.50% (p94 of band) |
| Net charge-offs (annualized) | 1.02% (p85 of band) |
| Loans / shares | 106% (p97 of band) |
| Cash / assets | 7.9% |
| Borrowings / assets | 7.18% |
| Net interest margin | 4.17% (p93 of band) |
| Operating expense / assets | 4.38% (p93 of band) |
| Vehicles % of loans | 24% (p42 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 70% |
| Third-party paper % of net worth | 188% (p65 of band) |
| Vehicle delinquency | 0.67% (p57 of band) |
| Vehicle NCO | 1.03% (p53 of band) |
| Repossessed % of vehicle book | 0.13% (p66 of band) |
| Real estate % of loans | 51% |
| Credit cards % of loans | 5% |
| Unsecured % of loans | 12% |
| Commercial % of net worth | 61% |
| Core shares % of member funds | 64% |
| Certificates % of member funds | 28% |
| Average share balance | $5,832 |
| Participations bought / yr | $0 |
| Participations sold / yr | $3.9M |
| Participations outstanding | $355.6M |
| Loans outstanding per 100 members | 49% |
| Loans granted per 100 members, annualized | 9% |
| Average loan balance | $22,490 |
| Loans granted, annualized | $1.14B |

## Participation posture (from the same filings)

Bought $0 and sold $3.9M in the latest annualized quarter; $355.6M outstanding purchased (70.7% of net worth), $31.6M sold and retained. Sold in 7 and bought in 7 of the last 8 quarters. Shares 2.7% year over year.

## Flags firing in the latest filing

- **net worth falling** (`cap_falling`)
- **expense trap** (`earn_opex`)
- **delinquency 2x band** (`aq_dq_high`)
- **loans>95% of shares** (`str_ltos`)
- **leaning on borrowings** (`str_borrowings`)
- **3rd-party paper>100% NW** (`str_thirdparty`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 6 | thin capital, expense trap, delinquency 2x band, loans>95% of shares, leaning on borrowings, 3rd-party paper>100% NW |  |
| 2016-06 | 7 | charge-offs p90 |  |
| 2016-09 | 7 |  |  |
| 2016-12 | 8 | net worth falling |  |
| 2017-03 | 7 |  | charge-offs p90 |
| 2017-06 | 7 | charge-offs p90 | net worth falling |
| 2017-09 | 6 |  | delinquency 2x band |
| 2017-12 | 6 |  |  |
| 2018-03 | 5 |  | charge-offs p90 |
| 2018-06 | 6 | charge-offs p90 |  |
| 2018-09 | 6 |  |  |
| 2018-12 | 7 | delinquency 2x band |  |
| 2019-03 | 7 |  |  |
| 2019-06 | 7 |  |  |
| 2019-09 | 7 |  |  |
| 2019-12 | 7 |  |  |
| 2020-03 | 7 | net worth falling | delinquency 2x band |
| 2020-06 | 9 | delinquency 2x band, delinquency rising |  |
| 2020-09 | 8 |  | net worth falling |
| 2020-12 | 8 |  |  |
| 2021-03 | 8 | net worth falling | leaning on borrowings |
| 2021-06 | 6 |  | delinquency rising, net worth falling |
| 2021-09 | 6 |  |  |
| 2021-12 | 6 |  |  |
| 2022-03 | 5 |  | loans>95% of shares |
| 2022-06 | 6 | loans>95% of shares |  |
| 2022-09 | 5 |  | thin capital |
| 2022-12 | 6 | leaning on borrowings |  |
| 2023-03 | 5 |  | leaning on borrowings |
| 2023-06 | 6 | leaning on borrowings |  |
| 2023-09 | 6 |  |  |
| 2023-12 | 6 |  |  |
| 2024-03 | 7 | delinquency rising |  |
| 2024-06 | 7 |  |  |
| 2024-09 | 7 |  |  |
| 2024-12 | 6 |  | leaning on borrowings |
| 2025-03 | 6 | losing money | charge-offs p90 |
| 2025-06 | 5 |  | losing money |
| 2025-09 | 5 | leaning on borrowings | delinquency rising |
| 2025-12 | 5 |  |  |
| 2026-03 | 6 | net worth falling |  |

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

- 2025-06-04 [Texas Dow Employees Credit Union Terminates Acquisition of Sabine State Bank - westcentralsbest.com](https://news.google.com/rss/articles/CBMikgJBVV95cUxQV0Frd2hORTNWVFlGVkREZDJidzlZbVF4dktCY0pHVy1iRjVqeHAxaVpmWVVIcWo0THFkRjVlWnRlMHVWNTJ5R0Y5XzZFTU9fWExKeEN0S2ZXLUZ3U3BLXzFpcE1zamtHZHU2NnNuNlpkMkRDSGF5dEVHTk1zTmtDcldhUlJTWE9lMGttV18yYXczeHFjUTF1b1JZdHN0R2JHZ1lwVEV2ZnZLTS11RnhvTjVaNnZnblRIRUFUcHNKVC1ZeTNTODlES2lUVzl4RmxObGZJazFaVWtQWHpNZmhsTzA0dHpOWXFGY1EtR3JybkNaRDV6aldYY3dNVFdtQ0N5WHViV1QxNkZJLWFRc2tFS1Nn?oc=5) · westcentralsbest.com
- 2024-12-19 [TDECU signs eight-floor lease for new corporate office in Houston's Galleria area - The Business Journals](https://news.google.com/rss/articles/CBMiogFBVV95cUxPLWUtTHNabU56cWFfZXY2TVlaUWpqQU44Vkk3TmpFcmNtS1N4c3FlcktGYWZid1oxVGdJNkptSTlndTZuVGYyTU5VbWhtSUNDazZFdWR3bGFTY2hUdDltQUZjaDNsdzlsdGpVc3dzQ1RicnM2TXJ5WU1ia1JrcUJGOUpjQXI4ejNMRUFXTVdYb2VGZGFEODh5Z0lzM2QtNl9GbHc?oc=5) · The Business Journals
- 2025-03-10 [Associated Credit Union of Texas announce the promotion of Erika Plummer to Chief Operations Officer - CUInsight](https://news.google.com/rss/articles/CBMi2AFBVV95cUxNbGQtcE5fRmxmaThfZFFwejlGNVJjUEMtN3UyYVROcTFMcHJYQjZMUC0xcE9QcG5ZY3pKamszcVBZNHVCb1owYTJZSldtN3pFYmN0RF9qNXhnMXZpeFNPUmE3YXk0ODNqY2pMaFByRXNLb3RWa19LMk5uTzhoQWlYQjNIQ3VIWmlKcV83UVRGeTVabU9iQUZYMFRBdDB3NnctaHk2MUVxb1VsWkE2NHBMcnlrVHQ1dnVzbXk0VFdRbG1UODRUbnR6MXh6RjZlOTE0cGJlZ0JyRkQ?oc=5) · CUInsight
- 2024-01-11 [CUREN Marking Its 25th Anniversary in 2024 - cutoday.info](https://news.google.com/rss/articles/CBMihgFBVV95cUxQY0lWSGI5WC0xRnVVNmhSYUdyWEJ1bGVZZEFJS2tFQVRKNGI1SWFkVDJSaTV3NUlKY3FKWlNLZFdQNjFUYWVLZzI4T1RSVUdJY014Q0MyTjYyeHNmTTNIQ0NvMTRxX290X1RiS2UwNGtmZ3JsWGl3NzdHS2V2OGw5Umk1Z1dEUQ?oc=5) · cutoday.info
- 2025-12-16 [Bun B's Award-Winning Trill Burgers Opens Its Third Location In Missouri City, TX - afrotech.com](https://news.google.com/rss/articles/CBMiogFBVV95cUxPaE8yRkZaSmJCYnd5R1VrcTlvQUNRMUlIV1FEMkdVTDhzMG5Db1dpRFJWckZ1S0gtRVRxRF93ODg5NjFRdEdyMEFSaGdvM1I1NzlSX2dvRlhYWFNpXy1BSVZwZnBoakJoUGdiZ3I1RFpEdEJhTEVoNUV4VHpVRkIyQnNqNnhhanVvT2x0MWtGbV9SaGRVU290SGdMTGl0YkZzOVE?oc=5) · afrotech.com
- 2026-04-10 [Luanna May "Lu" Leidy Obituary (2026) - League City, TX - Crowder Funeral Home - Webster/Clear Lake - legacy.com](https://news.google.com/rss/articles/CBMigAFBVV95cUxQaURjbEVyTVRtWjFyR293R1BpamhRbnNCWnN5LUttaGc0VmpuLWtBZ3p3RHQ0ZktwYUdPenRXamtWaktuam5YMHI2TmFKcHV4ZGluVE1zUUxSZEhQMEdkTmZpc1NHdVliUVpsMFpDeFVDZ3hYS1hFUlJsZGpUTEtXcQ?oc=5) · legacy.com
- 2017-02-04 [JC Stevens Obituary - Burnet, TX - Dignity Memorial](https://news.google.com/rss/articles/CBMie0FVX3lxTE1xNmRjSUVzYkJVYjVEU3ZtZmFDVkRNeG9sd1FTZkN0NjBkd0tYSjlseDhMM3U1dTFMejBBV2E5bEVudUtfUUtkYjlBOWJGSVlsNDJoaWdUWmU5dldRWmdZN1RlaExqNHhEamlra1c2SzJsZEtGMF85LWdFQQ?oc=5) · Dignity Memorial
- 2014-07-11 [Introducing Gray Matters, smart stuff for smart people - Houston Chronicle](https://news.google.com/rss/articles/CBMipwFBVV95cUxNZHdCdGVwUkV6a3BSemtRYk5JZEJ0bmlFMWhjREtMYnJtc3FzRXBkV0xJeHUtbmtYNWdMMXVaUEs2V2QtRV9PQUNBMkhSQmUwZGJqRXktblFRc1JlVG83N2xXRXhUREZxNmhnZ2dFMG1HbGdkTjJFUHpnSUxLWVR3S21JMEhva3lHWk1ZWmd1Rm9uUFVNVzVRdy1JSUJRRHBLU1V5S0czOA?oc=5) · Houston Chronicle

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=60705 (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/33.json (key "60705", 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=60705
- 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