# PREMIER
Des Moines, IA · NCUA charter 64271 · asset band $200-500M · latest filing 2026-03 · live
Share link (named URL with a preview card): https://getbookiq.com/cu/premier-64271

Who the members are: state charter, organized 1933. 16,594 members of 2,000,000 potential (0.8% of the field); checking penetration 66% (share draft accounts per 100 members); loans per 100 members 482.

**Verdict on the desk:** this could be *participation buyer*. Composite score 4 of 18 (one point per flag across 17 flags, capital below 7% counted twice).

## What the filing shows

| Measure | Value |
|---|---|
| Total assets | $393.9M |
| Members | 16,594 (-14.8% YoY) |
| Full-time staff | 66 |
| Net worth | $32.4M |
| Net worth ratio | 8.2% (p4 of band) |
| ROA (annualized) | 0.16% (p13 of band) |
| Total delinquency | 0.80% (p68 of band) |
| Net charge-offs (annualized) | 0.30% (p42 of band) |
| Loans / shares | 93% (p93 of band) |
| Cash / assets | 6.7% |
| Borrowings / assets | 0.00% |
| Net interest margin | 2.94% (p15 of band) |
| Operating expense / assets | 3.30% (p34 of band) |
| Vehicles % of loans | 23% (p27 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 37% |
| Third-party paper % of net worth | 162% (p73 of band) |
| Vehicle delinquency | 0.46% (p42 of band) |
| Vehicle NCO | 0.68% (p53 of band) |
| Repossessed % of vehicle book | 0.00% (p25 of band) |
| Real estate % of loans | 71% |
| Credit cards % of loans | 3% |
| Unsecured % of loans | 4% |
| Commercial % of net worth | 14% |
| Core shares % of member funds | 48% |
| Certificates % of member funds | 41% |
| Average share balance | $10,372 |
| Participations bought / yr | $30.4M |
| Participations sold / yr | $0 |
| Participations outstanding | $28.4M |
| Loans outstanding per 100 members | 482% |
| Loans granted per 100 members, annualized | 14% |
| Average loan balance | $4,159 |
| Loans granted, annualized | $83.8M |

## Participation posture (from the same filings)

Bought $30.4M and sold $0 in the latest annualized quarter; $28.4M outstanding purchased (87.6% of net worth), $0 sold and retained. Sold in 0 and bought in 8 of the last 8 quarters. Shares 12.5% year over year.

## Flags firing in the latest filing

- **thin capital** (`cap_low`)
- **net worth falling** (`cap_falling`)
- **members leaving** (`shrink_members`)
- **3rd-party paper>100% NW** (`str_thirdparty`)

## 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 | 1 | delinquency rising |  |
| 2017-06 | 1 |  |  |
| 2017-09 | 1 | loans>95% of shares | delinquency rising |
| 2017-12 | 2 | delinquency rising |  |
| 2018-03 | 0 |  | loans>95% of shares, delinquency rising |
| 2018-06 | 1 | loans>95% of shares |  |
| 2018-09 | 2 | leaning on borrowings |  |
| 2018-12 | 2 |  |  |
| 2019-03 | 3 | net worth falling |  |
| 2019-06 | 1 |  | leaning on borrowings, net worth falling |
| 2019-09 | 2 | leaning on borrowings |  |
| 2019-12 | 3 | net worth falling |  |
| 2020-03 | 2 |  | leaning on borrowings |
| 2020-06 | 3 | delinquency 2x band, delinquency rising | loans>95% of shares |
| 2020-09 | 1 |  | net worth falling, delinquency rising |
| 2020-12 | 2 | delinquency rising |  |
| 2021-03 | 2 | net worth falling | delinquency rising |
| 2021-06 | 0 |  | delinquency 2x band, net worth falling |
| 2021-09 | 1 | delinquency 2x band |  |
| 2021-12 | 0 |  | delinquency 2x band |
| 2022-03 | 2 | thin capital, net worth falling |  |
| 2022-06 | 2 | loans>95% of shares | net worth falling |
| 2022-09 | 2 |  |  |
| 2022-12 | 2 |  |  |
| 2023-03 | 3 | members leaving |  |
| 2023-06 | 4 | net worth falling |  |
| 2023-09 | 4 |  |  |
| 2023-12 | 4 | delinquency rising | net worth falling |
| 2024-03 | 3 |  | members leaving |
| 2024-06 | 3 |  |  |
| 2024-09 | 2 |  | thin capital |
| 2024-12 | 3 | thin capital |  |
| 2025-03 | 4 | net worth falling, delinquency 2x band | loans>95% of shares |
| 2025-06 | 4 | members leaving, loans>95% of shares | thin capital, net worth falling |
| 2025-09 | 3 | thin capital | delinquency rising, delinquency 2x band |
| 2025-12 | 5 | net worth falling, 3rd-party paper>100% NW |  |
| 2026-03 | 4 |  | loans>95% of shares |

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

- 2026-07-09 [Ascentra Credit Union Included on Forbes List of the America’s Best-in-State Credit Unions 2026 Ranking - River Cities' Reader](https://news.google.com/rss/articles/CBMiyAFBVV95cUxQR0VidUxpajJHUFdvU0Y2UzlHcjMzVUloVU5KSEk1NEpuY0F3WUl1WkFvTUw2eEQtbTBGejgxTU5NdzFMNEtkc0xoRWVmTV9aNVhJdEFuSWg4VFE4c0JDRXY5NlN4UF9aYXdYX3dKUURzT3E0NUp4QjE0Q3A0MXNMQWJTUmp6SlVRWXVnVzd3aDZMLXA5YmwyU0NoOTRTY0JLd0p2VXI1a0JBclRlU3BMZHA4akxjVlVfU0hWd2JEeE15TXphMzllRw?oc=5) · River Cities' Reader
- 2026-09-01 [Best Credit Unions of 2026 - Forbes](https://news.google.com/rss/articles/CBMiakFVX3lxTFBOaDBEWE9fLUJGRTZsVUVkSUpuS2hYVDFJdTVveUd3Z1YyY043ZXVuQWQwbXpTUlh0Q2FIZUxfTnFzNWUwSlpuS2Vrby16ZXIzNmdtbVdmRVdwQlVkZ01JUkZmN2tFQ1E3Y3c?oc=5) · Forbes
- 2026-09-06 [Three retired wind turbine blades were ground into concrete in Iowa. Today, it stands as a retaining wall - economictimes.com](https://news.google.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?oc=5) · economictimes.com
- 2026-05-27 [Iowa students win $48K in Warren A. Morrow scholarships - kimt.com](https://news.google.com/rss/articles/CBMiyAFBVV95cUxQenpZLTN6ZWlKN3lyRzg3azRyclFPc2E1aTBmNkRUaGlsLVE4VmFkRXlpNGY4OEo2VU5wRVhGNkZ1OFdzNkVRd2tKUmJoRkVwUlM4VFNjN2M4N1IyNDdiVXlQbFpjZ0ZpNmw3cDNiZnk4ZVhUakdleDZSQmtRT190S1lPVW5QUEt2c1lPOWh2MF9lWjM4cVZ6Yi11bnpPWEVuMUFsSjh6ZzdXY3pfaXhYYWlQemcxT2g3cDVvUlVxNG5VX2kzOTJabg?oc=5) · kimt.com
- 2026-06-03 [Marrianne Burkhardt Obituary (2026) - Des Moines, IA - The Cremation Society of Iowa - Des Moines - legacy.com](https://news.google.com/rss/articles/CBMiigFBVV95cUxObEdNTWpRZHNZQ3hEdG82VW9ZWElfRmprYWt2SlNZbFNCM2dJWFB5dmJNYWJIUDJZNldPU2puOXZxckVyY1J4UDQybmlFQ2NHMzljZjJYOEl2aC1FTThzNVdYTElncnNGc2oxR25DZUNkVWZkOFVENjVXWk1PdmxIRHg2aW1YRGZZOFE?oc=5) · legacy.com
- 2022-08-22 [GreenState scraps acquisition of Nebraska bank after judge denies appeal - Banking Dive](https://news.google.com/rss/articles/CBMilwFBVV95cUxNODE4V0Y3X09FTG41c1hWZ2dTTjQ4eUdJY3BNa3FtbnNqSGZ4TGhlZzJSUEhIRlRyMHhSSTJUZTFKUGZHTFBQZ04zMUIyTC16YjJpYjhwVFJhXzVqS3IwQ2pjMGg4b3NPUWJWZ04wcDNyZDZaUHlkcFFFNlhjTGtHN3FfajRianFtVWFLT3hTTGlNYmxORzRr?oc=5) · Banking Dive
- 2026-03-11 [Recycled Turbine Blades Power Sustainable Construction - ConstructConnect News](https://news.google.com/rss/articles/CBMikgFBVV95cUxPSW9ENGRQSFY2ZzY4OTRid1NXTl9VdU8xYnFzZ0M3M1pvWWh6LU91MjBTQXJQWE1kd29qdEQ1eDdpYnF0ZDBvbXJLNHZDbEZZVUJ6em43cTR4c245MUpNbmpXSTBIbnp3WVBGWGFXQVc5R2kxdms5ejNudk5GaTBEQXROR3JHc1pHQi1ha2t5dlJ2Z9IBogFBVV95cUxQM29OWkdoYzNPTlNhQmZHV3dzX1k4QWhUbUtsOW1FOWxBVXlWcTF1Q2ZydjBGTGh5VnI5bWhtdWRsbWJKOVpHVlJWMTdaTU9wX1cyVXNNWVZxa0hoaERtR0g5dUs2R3UwSDlwa2gyLVFfQ0lwNDMxbHYwOWk5bDVLMzV4WTlEYUJMQVpkQjVhUVgzX3NDUFRRTHJLbWo3Z2JEUUE?oc=5) · ConstructConnect News
- 2022-09-19 [GreenState Credit Union in Iowa cuts 5% of workforce over rising rates - americanbanker.com](https://news.google.com/rss/articles/CBMivAFBVV95cUxPb0FaT1dpX0k2UlhnalJRMUZWV1paUlZSLUVtT240aDhFbFF1NTVCRUNqMFg1RVdITXZDQXhfaUEzekZ2QVVyZ3lKZnd1bkVZWEhyYTc3YWRCN09wa0o0ZTBuTXh0azdjWmZRc0MwQThOZHQ4SDNHVzNTYjBjXzVrd25QenNnUGVEdlBKb1ZuLXNPalRXNU5XS3hzLTRGeFVBWTgtNHFEYk8wX0VWLXZSVW0xWkh6U2VKVEZWRg?oc=5) · americanbanker.com

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=64271 (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/15.json (key "64271", 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=64271
- 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