# FINANCIAL PLUS
West Des Moines, IA · NCUA charter 62965 · asset band $200-500M · latest filing 2026-03 · live
Share link (named URL with a preview card): https://getbookiq.com/cu/financial-plus-62965

Who the members are: state charter, organized 1929, low-income designated. 11,608 members of 700,000 potential (1.7% of the field); checking penetration 68% (share draft accounts per 100 members); loans per 100 members 691.

**Verdict on the desk:** this could be *ordinary*. Composite score 1 of 18 (one point per flag across 17 flags, capital below 7% counted twice).

## What the filing shows

| Measure | Value |
|---|---|
| Total assets | $239.6M |
| Members | 11,608 (-1.6% YoY) |
| Full-time staff | 35 |
| Net worth | $33.8M |
| Net worth ratio | 14.1% (p84 of band) |
| ROA (annualized) | 0.85% (p62 of band) |
| Total delinquency | 0.53% (p44 of band) |
| Net charge-offs (annualized) | 0.10% (p15 of band) |
| Loans / shares | 81% (p68 of band) |
| Cash / assets | 14.9% |
| Borrowings / assets | 0.00% |
| Net interest margin | 3.42% (p40 of band) |
| Operating expense / assets | 3.21% (p30 of band) |
| Vehicles % of loans | 35% (p53 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 37% |
| Third-party paper % of net worth | 79% (p50 of band) |
| Vehicle delinquency | 0.48% (p44 of band) |
| Vehicle NCO | 0.09% (p13 of band) |
| Repossessed % of vehicle book | 0.00% (p25 of band) |
| Real estate % of loans | 49% |
| Credit cards % of loans | 2% |
| Unsecured % of loans | 5% |
| Commercial % of net worth | 40% |
| Core shares % of member funds | 54% |
| Certificates % of member funds | 15% |
| Average share balance | $7,902 |
| Participations bought / yr | $3.8M |
| Participations sold / yr | $0 |
| Participations outstanding | $27.4M |
| Loans outstanding per 100 members | 691% |
| Loans granted per 100 members, annualized | 393% |
| Average loan balance | $2,072 |
| Loans granted, annualized | $35.7M |

## Participation posture (from the same filings)

Bought $3.8M and sold $0 in the latest annualized quarter; $27.4M outstanding purchased (81.1% of net worth), $0 sold and retained. Sold in 1 and bought in 8 of the last 8 quarters. Shares 5.5% year over year.

## Flags firing in the latest filing

- **net worth falling** (`cap_falling`)

## Warning timeline

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

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

- 2023-06-20 [Forbes 2026 America's Best Credit Unions In Each State List - Forbes](https://news.google.com/rss/articles/CBMiaEFVX3lxTE9vRWJOaE5OZ1NrY3RJeUZnWS1yRXkwMUYzYllJMTN3VEQxTWtwNHJGdC1FejkwVF9UT045OWFhQ0NSWmtzTHBJeXZFSFdydTNuc2VyT3BjUGRLcmlWLWhaVHNJUVZMRHNt?oc=5) · Forbes
- 2025-09-12 [Federal Judge Sentences Leaders for Organizing $15 Million Credit Union, Bank Scheme - CUTimes](https://news.google.com/rss/articles/CBMiugFBVV95cUxOY3owVndhczV6MWdBZmxnLUh4X0sxbnNZUHNvWnhkZXhmYVlyMXg0R0pJcGRvbHBSM0FsNVl2RnhUaW9kMXREOUdZeXhWVHUyNjRNa3BETDV6S3UzZEZ3Nnk4cWlNeDhyR2pQLXdfdG1kNUk5MGlmT0JxWjlNRFlUN1lFb1MtSlFNQ0VseFItaTNTMkNGbXJaQnhLclowNHhibmhoT18zTzFRWkVSVXFGcENBZEh5MElVQVE?oc=5) · CUTimes
- 2025-04-08 [Best Banks and Credit Unions in Michigan 2024 - Newsweek Rankings](https://news.google.com/rss/articles/CBMijwFBVV95cUxNemE4TFFGZFhsWDVlS2JUR2JKYzY1YzJseVY1a0hOU0ZPV3lEZFBYSExYYTdpS245ZURXUUJzVi02Y041ZDFfLUY4SWhIUUlvMl9FVGlRc04wQm5HbHRBWDREejBYQUs4MEs2WGFCci1UdWxXc3JESDAxX0M2cmNnLWxlVEcwdTdTRHd0OUdYaw?oc=5) · Newsweek Rankings
- 2024-09-11 [18 indicted in nationwide bank fraud, money laundering scheme that included 8 Iowa banks - The Des Moines Register](https://news.google.com/rss/articles/CBMi0wFBVV95cUxQZHd4Q0JVZEF0VDA0S3l4RlJFMFhCa3Iyck50LUVad3BaVXRWNGctaUQ3YUllbHFzbUJIUHN1b0hLQlZGdU1IZDdqN1BHbmo5OGVFUGN3WEVFbHdJQjdoWS1jcGZsZGo0Ym9kRE5VVTgwbm93MUtFWkp0ODJJdVRrQUxYcnp4Q1dNeUhMWU4wdGtZT0l2QnZiNjhHaDFnNUZFV2JTdFczMGI5UjZ4ZXMtQWxuMDV4bXRCeFhJcGhCRmM3VEh1R2tuRV8zTG54VjNVT0tn?oc=5) · The Des Moines Register
- 2024-11-04 [Diana Darland - hamiltonsfuneralhome.com](https://news.google.com/rss/articles/CBMibEFVX3lxTFBUT0ctXy14WFlRclJhZjNhM1NpV1VSX1N3YVpla01ERk03ZUhLQ2JzbWVNU0VNMUtOWXZPa2k2bEVmNGIteGxYcERYQTRlMy01Z3BMdUY0ejMyc09mdVRBNzJlWGk5NnhRU0ZTMw?oc=5) · hamiltonsfuneralhome.com
- 2016-07-29 [Mom found unresponsive last Friday has died - KCCI](https://news.google.com/rss/articles/CBMiigFBVV95cUxNNWpfZGRTRGRyT1VDQ0hsRUdXbmJGZHNGd2RuQ0Z0QmdBNDB2dUdCMi1OYkxPZkdRRm9tWFQ5X0pUQkhCU3Rwa0JwN3Y0QXZoRjcxQk9EcnozazViVzJoTDF6Y1lfbjRzV2pmTWNicDQ0Q2I2SloyN2R6aS1SVFlxT0JRX0NMdGkzc0E?oc=5) · KCCI
- 2017-09-24 [Virgil Zunkel Obituary (1932 - 2017) - Des Moines, IA - the Des Moines Register - legacy.com](https://news.google.com/rss/articles/CBMimgFBVV95cUxNeWFXRm15ZXBxUHhQRklYSjdSTnpEMlFTOGdpR3liaDhWSkU3MFotVEJRWURHTnk1VXNEbHB2OE9mNU5qRnhYd0tOckNXUjJ0QWlMS3FSOTI5WkladmE2TEg2Vk9HSFg2T3dZZFpVaGFUejN4NWl0WHhVNFhKSTQzNURCaVRjb01PaFN0dEI0RldiTG8yZGNkY19R?oc=5) · legacy.com
- 2018-04-08 [Thomas Thornton Obituary (1941 - 2018) - Spirit Lake, Formerly Of Urbandale, IA - the Des Moines Register - legacy.com](https://news.google.com/rss/articles/CBMinAFBVV95cUxQS1Q3NFB2ZVppQXhNYzZrLUZFdnAwQUtzQi1NU0N5OEJBM2JDTFdUMFlCeUQ3ZmNKOTlhTnZacGgtSzBoZ0VQbGw2QWVzN2oycEduWUJDQ2VicTIwaHN0eTE5R0wxOUdvWmp4Y3E4ZDNTM3E5VWdrUWdkNEl1c1RhR0FFa0dDMHVzS0cyaUx0V2toTGg0Y0R1NDk5SWE?oc=5) · legacy.com

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=62965 (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/53.json (key "62965", 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=62965
- 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