# ROCKFORD MUNICIPAL EMPLOYEES
Rockford, IL · NCUA charter 62826 · asset band <$50M · latest filing 2026-03 · live
Share link (named URL with a preview card): https://getbookiq.com/cu/rockford-municipal-employees-62826

Who the members are: state charter, organized 1942. 2,102 members of 2,500 potential (84.1% of the field); checking penetration 33% (share draft accounts per 100 members); loans per 100 members 42.

**Verdict on the desk:** this could be *auto monoline*. 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 | $23.7M |
| Members | 2,102 (-4.5% YoY) |
| Full-time staff | 5 |
| Net worth | $3.7M |
| Net worth ratio | 15.8% (p55 of band) |
| ROA (annualized) | 0.85% (p63 of band) |
| Total delinquency | 0.09% (p24 of band) |
| Net charge-offs (annualized) | 0.32% (p69 of band) |
| Loans / shares | 50% (p38 of band) |
| Cash / assets | 55.4% |
| Borrowings / assets | 0.00% |
| Net interest margin | 2.68% (p12 of band) |
| Operating expense / assets | 2.02% (p11 of band) |
| Vehicles % of loans | 76% (p76 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 0% |
| Third-party paper % of net worth | 0% (p43 of band) |
| Vehicle delinquency | 0.00% (p16 of band) |
| Vehicle NCO | 0.00% (p35 of band) |
| Repossessed % of vehicle book | 0.00% (p46 of band) |
| Real estate % of loans | 9% |
| Credit cards % of loans | 3% |
| Unsecured % of loans | 9% |
| Commercial % of net worth | 0% |
| Core shares % of member funds | 99% |
| Certificates % of member funds | 0% |
| Average share balance | $5,637 |
| Participations bought / yr | $0 |
| Participations sold / yr | $0 |
| Participations outstanding | – |
| Loans outstanding per 100 members | 42% |
| Loans granted per 100 members, annualized | 12% |
| Average loan balance | $11,421 |
| Loans granted, annualized | $3.8M |

## Flags firing in the latest filing

- **margin squeeze** (`earn_nim_squeeze`)
- **members leaving** (`shrink_members`)
- **auto monoline** (`str_vehicle`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 0 |  |  |
| 2016-06 | 0 |  |  |
| 2016-09 | 0 |  |  |
| 2016-12 | 1 | auto monoline |  |
| 2017-03 | 2 | losing money |  |
| 2017-06 | 1 |  | losing money |
| 2017-09 | 1 |  |  |
| 2017-12 | 1 |  |  |
| 2018-03 | 1 |  |  |
| 2018-06 | 1 |  |  |
| 2018-09 | 1 |  |  |
| 2018-12 | 1 |  |  |
| 2019-03 | 1 |  |  |
| 2019-06 | 2 | members leaving |  |
| 2019-09 | 1 |  | members leaving |
| 2019-12 | 1 |  |  |
| 2020-03 | 1 |  |  |
| 2020-06 | 2 | net worth falling |  |
| 2020-09 | 2 |  |  |
| 2020-12 | 4 | margin squeeze, loan book shrinking |  |
| 2021-03 | 5 | losing money |  |
| 2021-06 | 4 |  | losing money |
| 2021-09 | 2 |  | net worth falling, loan book shrinking |
| 2021-12 | 2 |  |  |
| 2022-03 | 3 | net worth falling, members leaving | margin squeeze |
| 2022-06 | 3 | losing money | net worth falling |
| 2022-09 | 3 | delinquency rising | losing money |
| 2022-12 | 3 | delinquency 2x band | members leaving |
| 2023-03 | 3 |  |  |
| 2023-06 | 4 | assets shrinking |  |
| 2023-09 | 2 |  | delinquency rising, delinquency 2x band |
| 2023-12 | 2 |  |  |
| 2024-03 | 3 | charge-offs p90 |  |
| 2024-06 | 2 |  | charge-offs p90 |
| 2024-09 | 3 | members leaving |  |
| 2024-12 | 4 | delinquency rising |  |
| 2025-03 | 4 |  |  |
| 2025-06 | 3 |  | assets shrinking |
| 2025-09 | 3 |  |  |
| 2025-12 | 1 |  | members leaving, delinquency rising |
| 2026-03 | 3 | margin squeeze, members leaving |  |

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

- 2026-07-01 [Rockford Municipal Employees Credit Union merges with Rock Valley Credit Union - Rock River Current](https://news.google.com/rss/articles/CBMivAFBVV95cUxPVi1xMVo4YzZYM1k2UG5vczBCaHplWk80YXI5dVlCYzdWOVZ5UUZ4WUJCNE9ITXFKOHJjTmRqT3MyZFB1aUtncW9hc2dVdXdjTERFX1lyeW9KMzloZlBZUlk2ZXp4WVNBZUZDaExUYmpkR0RxWUY3SFE1c1VzWlVKSkFOZUFPeDVVRmE1WFhZOHd4WXpoTVVDa0NySWZreGpJMjByVHY5VmM0TUpVaGllalJ1eEtPV1ZScHVWdA?oc=5) · Rock River Current
- 2024-09-22 [William Bondick Obituary September 22, 2024 - Fitzgerald Funeral Home & Crematory LTD.](https://news.google.com/rss/articles/CBMiZkFVX3lxTE83ZnJ3QlgzaXVaQzNEVDZBVTR4RkZBUnJSYXI5NzRXVWZyZ2Z2aTViYzNveXdTdFdTR096THVvc0J1b2pMQUxUV3NncjQ5YWc0Rno1cFI5NmNlM2N1MzFMelBYN1R5Zw?oc=5) · Fitzgerald Funeral Home &amp; Crematory LTD.
- 2024-04-08 [Repair or demolish: Owner of 'disaster' next door gets order from Rockford judge - Rockford Register Star](https://news.google.com/rss/articles/CBMivgFBVV95cUxNRS1JeGRZZEMzT2Z5eTRlUnBsTXNGWkRHUFZMUVlrUGFnZDk3aXd0MzI2TWJWdVlWMWp0TFpFNWFicHhlZjZNYy1feEd5MjRxNFFPYXAzeHpjOHVMWl9hYTY3WElxUVV1UzJMV1VxMTlHdmNwVGNCQXhQSC1lTnJCd0xoY1N3Q0tpTmVkV09rSk5PeTZJZkNoN3JnSWl6YVBPVThDalNiSm45Q25EZXRxMXFQcnVfbk9CcGU1bm9B?oc=5) · Rockford Register Star
- 2016-07-06 [Power Outages Reported Across Northern Illinois - Northern Public Radio](https://news.google.com/rss/articles/CBMioAFBVV95cUxOSTlOQkdIWmlsbWhUWkNhSlRXa0ctZ3pxUTJ1WllzR1VBNF9NR0M3dU9JNjhZNG03TnF4RVlORU4wT2VYV3A5S1BENzFSa3MtUjFCTzEyNTduY21UQm1EY3NBUWdOYXBVZldKUzV5VmtmS3EwUHFPQ1pUNmUwYkowMDBVOXBLM2JtNno5UGhwbi1XeWdyWVAwcndjQy1vaVJT?oc=5) · Northern Public Radio

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=62826 (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/42.json (key "62826", 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=62826
- 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