# DES MOINES WATER WORKS
Des Moines, IA · NCUA charter 63486 · asset band <$50M · latest filing 2022-03 · stopped filing after 2022-03 (departed; for a credit union that is almost always a merger)
Share link (named URL with a preview card): https://getbookiq.com/cu/des-moines-water-works-63486

Who the members are: state charter, organized 1933. 373 members of 600 potential (62.2% of the field); checking penetration 0% (share draft accounts per 100 members); loans per 100 members 46.

**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 | $1.1M |
| Members | 373 (-19.6% YoY) |
| Full-time staff | 1 |
| Net worth | $130,857 |
| Net worth ratio | 11.7% (p48 of band) |
| ROA (annualized) | -20.20% (p0 of band) |
| Total delinquency | 5.86% (p96 of band) |
| Net charge-offs (annualized) | 16.64% (p100 of band) |
| Loans / shares | 76% (p87 of band) |
| Cash / assets | 32.5% |
| Borrowings / assets | 0.00% |
| Net interest margin | 3.19% (p80 of band) |
| Operating expense / assets | 12.36% (p99 of band) |
| Vehicles % of loans | 76% (p81 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 0% |
| Third-party paper % of net worth | 0% (p43 of band) |
| Vehicle delinquency | 2.53% (p90 of band) |
| Vehicle NCO | 20.09% (p100 of band) |
| Repossessed % of vehicle book | 0.00% (p47 of band) |
| Real estate % of loans | 0% |
| Credit cards % of loans | 0% |
| Unsecured % of loans | 12% |
| Commercial % of net worth | 0% |
| Core shares % of member funds | 100% |
| Certificates % of member funds | 0% |
| Average share balance | $1,970 |
| Participations bought / yr | $0 |
| Participations sold / yr | $0 |
| Participations outstanding | – |
| Loans outstanding per 100 members | 46% |
| Loans granted per 100 members, annualized | 8% |
| Average loan balance | $4,412 |
| Loans granted, annualized | $247,760 |

## Flags firing in the latest filing

- **losing money** (`earn_negative`)
- **expense trap** (`earn_opex`)
- **delinquency 2x band** (`aq_dq_high`)
- **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 | 5 | charge-offs p90, assets shrinking, loan book shrinking |  |
| 2017-06 | 5 |  |  |
| 2017-09 | 4 | losing money | charge-offs p90, loan book shrinking |
| 2017-12 | 3 |  | delinquency 2x band |
| 2018-03 | 3 | delinquency 2x band, charge-offs p90 | assets shrinking, losing money |
| 2018-06 | 4 | assets shrinking |  |
| 2018-09 | 4 |  |  |
| 2018-12 | 2 |  | delinquency 2x band, charge-offs p90 |
| 2019-03 | 1 |  | assets shrinking |
| 2019-06 | 2 | delinquency 2x band |  |
| 2019-09 | 2 |  |  |
| 2019-12 | 4 | net worth falling, delinquency rising |  |
| 2020-03 | 5 | margin squeeze |  |
| 2020-06 | 4 | loan book shrinking | delinquency 2x band, delinquency rising |
| 2020-09 | 4 | charge-offs p90 | net worth falling |
| 2020-12 | 3 | delinquency 2x band | margin squeeze, loan book shrinking |
| 2021-03 | 4 | delinquency rising, loan book shrinking | charge-offs p90 |
| 2021-06 | 7 | losing money, assets shrinking, members leaving |  |
| 2021-09 | 7 |  |  |
| 2021-12 | 7 |  |  |
| 2022-03 | 8 | expense trap, charge-offs p90 | delinquency rising |

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

- 2025-11-20 [Mammoth Announces Partnership With Lauridsen Amphitheater - CelebrityAccess](https://news.google.com/rss/articles/CBMingFBVV95cUxOcnROc0VZRm40MXA4WTlqWU9oQk4zMjN4RFQwY2w0ZFRDTVl6dXZnUDhHV1JBT0Z1RlN6dzlkbEYxeW1MODhZU3pKR3JWOXVWZkhLS2RmSEk0WXppNFVmU3dTV0pnMUYydmFQLTQzY2QwNzJheUdmZEVaSkw3RkYxMnRCTVZqamhaYVhOVzExakJDUm5fMVI5TU54UUxMQQ?oc=5) · CelebrityAccess
- 2017-03-16 [Angela Mann Obituary - Ankeny, IA - Dignity Memorial](https://news.google.com/rss/articles/CBMifEFVX3lxTFA4ZUptRGhXN1NSbkctdE43WnpEVWRJOVhZUXVuMHE4MWowTHJvVWRBMDhqSXhqVjVuVzhESmFxWGRPYnkwUWZ4UjhQMjNaUDFMU3JYeTRDamVETWRmQ0UtZjhFcUtOdVhPZHQ2bjhzNFg3RlVsM3JxNFRTRjI?oc=5) · Dignity Memorial
- 2025-07-17 [Koe Wetzel Concert Tour 2023: Tickets And Dates - Holler Country](https://news.google.com/rss/articles/CBMiiwFBVV95cUxNUDJ0Qk03RHMydjNOZkRqMVhBdkdyRFNfVWc0eVdfWmVBZndBOWR0RGFrN1JjREhtSmJFcllobUdISklEbDBKQ0hlSU85elE5TFRBNjFwd2tIOVI4YThhcllvZkdyemdiRkRIQkl5LVlGVWxBcVl6c0pjMER0WnpzYTA1MlJHM0J3U0k0?oc=5) · Holler Country
- 2023-06-15 [Milky Chance Releases New Album ‘Living In A Haze’ - CelebMix](https://news.google.com/rss/articles/CBMiekFVX3lxTFB4dkw5S3hGZjhJMGVDNlRDUGxVMXJZd1ZLeVRsVnBUSjROaW5zTTJic0NPaHplMjVCc1NMQkVGc0F1N0R0YVhaQmpFb2h2bFZIWi1qVGtjTXNfTjVkMW5iS0lvenNVU3VoVGo3c2RLSFA0X3QzQTNqWUVB?oc=5) · CelebMix
- 2023-03-01 [Milky Chance Unveils New Single/Music video “Living In A Haze” - CelebMix](https://news.google.com/rss/articles/CBMiigFBVV95cUxQdUR3bmJfdWFxVjF3N3E3cmdSLUZTemhyaVpJNWNmS05adEdFWWhhQ0dTdnJ2UlVOZVlvMEt3c3JqNnZVOTVkcW5ZWUtfay1WUTZxOTdPdXBibThqV1NMeXFjcUY4cGhQRE1Vemc2ZndtNXRoam1vQXJLaGx3bFBLWTg4SDRkdV9YMHc?oc=5) · CelebMix

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=63486 (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/62.json (key "63486", 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=63486
- 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