# MERIDIAN
Ottumwa, IA · NCUA charter 64212 · asset band <$50M · latest filing 2026-03 · live
Share link (named URL with a preview card): https://getbookiq.com/cu/meridian-64212

Who the members are: state charter, organized 1952. 2,113 members of 122,174 potential (1.7% of the field); checking penetration 63% (share draft accounts per 100 members); loans per 100 members 41.

**Verdict on the desk:** this could be *liquidity-rich*. Composite score 2 of 18 (one point per flag across 17 flags, capital below 7% counted twice).

## What the filing shows

| Measure | Value |
|---|---|
| Total assets | $35.1M |
| Members | 2,113 (2.2% YoY) |
| Full-time staff | 5 |
| Net worth | $5.7M |
| Net worth ratio | 16.1% (p57 of band) |
| ROA (annualized) | 1.01% (p70 of band) |
| Total delinquency | 0.37% (p39 of band) |
| Net charge-offs (annualized) | 0.72% (p81 of band) |
| Loans / shares | 44% (p30 of band) |
| Cash / assets | 24.7% |
| Borrowings / assets | 0.00% |
| Net interest margin | 3.44% (p32 of band) |
| Operating expense / assets | 2.93% (p30 of band) |
| Vehicles % of loans | 34% (p21 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 0% |
| Third-party paper % of net worth | 0% (p43 of band) |
| Vehicle delinquency | 1.07% (p66 of band) |
| Vehicle NCO | 1.41% (p90 of band) |
| Repossessed % of vehicle book | 0.43% (p96 of band) |
| Real estate % of loans | 21% |
| Credit cards % of loans | 1% |
| Unsecured % of loans | 11% |
| Commercial % of net worth | 62% |
| Core shares % of member funds | 85% |
| Certificates % of member funds | 13% |
| Average share balance | $7,468 |
| Participations bought / yr | $1.0M |
| Participations sold / yr | $0 |
| Participations outstanding | $3.7M |
| Loans outstanding per 100 members | 41% |
| Loans granted per 100 members, annualized | 13% |
| Average loan balance | $14,937 |
| Loans granted, annualized | $4.3M |

## Participation posture (from the same filings)

Bought $1.0M and sold $0 in the latest annualized quarter; $3.7M outstanding purchased (65.1% of net worth), $0 sold and retained. Sold in 0 and bought in 5 of the last 8 quarters. Shares -1.5% year over year.

## Flags firing in the latest filing

- **net worth falling** (`cap_falling`)
- **repo signal** (`aq_repo`)

## 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 | 4 | delinquency 2x band, delinquency rising, assets shrinking, loan book shrinking |  |
| 2017-06 | 1 |  | delinquency 2x band, delinquency rising, loan book shrinking |
| 2017-09 | 0 |  | assets shrinking |
| 2017-12 | 0 |  |  |
| 2018-03 | 0 |  |  |
| 2018-06 | 1 | members leaving |  |
| 2018-09 | 2 | assets shrinking |  |
| 2018-12 | 2 |  |  |
| 2019-03 | 3 | delinquency rising |  |
| 2019-06 | 2 |  | delinquency rising |
| 2019-09 | 3 | delinquency rising |  |
| 2019-12 | 1 |  | assets shrinking, delinquency rising |
| 2020-03 | 1 |  |  |
| 2020-06 | 1 | net worth falling | members leaving |
| 2020-09 | 2 | margin squeeze |  |
| 2020-12 | 2 |  |  |
| 2021-03 | 2 |  |  |
| 2021-06 | 4 | losing money, members leaving |  |
| 2021-09 | 3 |  | net worth falling |
| 2021-12 | 2 |  | margin squeeze |
| 2022-03 | 4 | net worth falling, delinquency rising |  |
| 2022-06 | 3 |  | delinquency rising |
| 2022-09 | 1 |  | losing money, net worth falling |
| 2022-12 | 2 | delinquency rising |  |
| 2023-03 | 1 |  | delinquency rising |
| 2023-06 | 2 | delinquency rising, assets shrinking | members leaving |
| 2023-09 | 1 |  | assets shrinking |
| 2023-12 | 0 |  | delinquency rising |
| 2024-03 | 1 | delinquency rising |  |
| 2024-06 | 1 |  |  |
| 2024-09 | 2 | assets shrinking, loan book shrinking | delinquency rising |
| 2024-12 | 2 | delinquency rising | assets shrinking |
| 2025-03 | 2 | net worth falling, members leaving | loan book shrinking, delinquency rising |
| 2025-06 | 2 | delinquency rising | net worth falling |
| 2025-09 | 1 |  | members leaving |
| 2025-12 | 1 | repo signal | delinquency rising |
| 2026-03 | 2 | net worth falling |  |

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

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- 2026-04-20 [Boy, 14, arrested for attempted bank robbery in Wainfleet - Niagara This Week](https://news.google.com/rss/articles/CBMixwFBVV95cUxOMEsxdG5kNTN5a2lRZzFUVjBwMmYwM21YT1I1NVlYaXRHLW1MQW1nZWR4OWpWczJfUVRzQ2o2VGpLTFlITXN3UVRWc3dReHJ6RXJxNzh3ZG90WThCazZnZTJYUDl3QlJBR2dBM3ZXQnFLWE16SGhUQ1RjeUhZaFJGaHhGOFBTQnVoX0hnUjRWYUJaODc2dFk3dVluX0lmZ3FhU21wXzRfbkItblZLQzZLUVROMzhwdzFIVFBzZlBoTU5UMENhb1VB?oc=5) · Niagara This Week
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- 2024-05-11 [She runs Ontario’s largest credit union — and she wants to see more women at the top - Toronto Star](https://news.google.com/rss/articles/CBMi8gFBVV95cUxON1l2VEdUcE1ydVJzbm1QbVdpaDJwUGRvLU9BTWNNTlJhUmR4OVJnaWpCWFFCcG1RMWFiZXc0ZHMyazhKTlZFcXNRZEFIZU53M3hBNHZHY3E2dWRneGs3QVd0SGdUdGxna1FBUnFfYUNkdHBnZGZ5d2dzd3pCSjZNQ01mYVgwcmN0TVU0Nnd0QTMwVEJfRDBFMGlSaTNrc0ZrRkZtVkdYZWxEUmVZQ2NwMm9oX0p1dFkzSGJ2RFY1c1ZvMHBHekVOZWFVN3hPNGc4ZjN5RjVtaHp2Q1ZmMktiaEFFVzdXOHRKQ0g5UXJhZU9ZQQ?oc=5) · Toronto Star
- 2026-06-15 [SchoolsFirst Expands in Southern California - CUTimes](https://news.google.com/rss/articles/CBMihgFBVV95cUxQZ0xyYnFHM2U3WDVmYkRPZDBlVVFRNzVBNkJjNnVERlJEN2d5NWFVRGZUWU52UFBZd0FDcHhYblBLd1lxS3lUNzVfR18tQXFqVU5pQ19IMGV1cXJOQTd3TF9ta0oyLTJnUmE1OHZqc1ZRcXprMHF1YXVTUXYybHZTdWtSd2I1QQ?oc=5) · CUTimes

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=64212 (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/20.json (key "64212", 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=64212
- 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