# PUBLIC EMPLOYEES
Waterloo, IA · NCUA charter 64390 · asset band <$50M · latest filing 2025-03 · stopped filing after 2025-03 (departed; for a credit union that is almost always a merger)
Share link (named URL with a preview card): https://getbookiq.com/cu/public-employees-64390

Who the members are: state charter, organized 1952. 1,809 members of 9,000 potential (20.1% of the field); checking penetration 33% (share draft accounts per 100 members); loans per 100 members 36.

**Verdict on the desk:** this could be *liquidity-rich*. 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 | $36.7M |
| Members | 1,809 (-2.4% YoY) |
| Full-time staff | 2 |
| Net worth | $4.6M |
| Net worth ratio | 12.6% (p40 of band) |
| ROA (annualized) | 0.19% (p30 of band) |
| Total delinquency | 0.00% (p9 of band) |
| Net charge-offs (annualized) | 0.00% (p34 of band) |
| Loans / shares | 38% (p21 of band) |
| Cash / assets | 63.6% |
| Borrowings / assets | 0.00% |
| Net interest margin | 1.69% (p3 of band) |
| Operating expense / assets | 1.60% (p6 of band) |
| Vehicles % of loans | 59% (p46 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% (p33 of band) |
| Repossessed % of vehicle book | 0.00% (p45 of band) |
| Real estate % of loans | 23% |
| Credit cards % of loans | 0% |
| Unsecured % of loans | 5% |
| Commercial % of net worth | 0% |
| Core shares % of member funds | 15% |
| Certificates % of member funds | 37% |
| Average share balance | $10,612 |
| Participations bought / yr | $0 |
| Participations sold / yr | $0 |
| Participations outstanding | – |
| Loans outstanding per 100 members | 36% |
| Loans granted per 100 members, annualized | 9% |
| Average loan balance | $18,577 |
| Loans granted, annualized | $3.8M |

## 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 | 0 |  |  |
| 2017-06 | 0 |  |  |
| 2017-09 | 0 |  |  |
| 2017-12 | 0 |  |  |
| 2018-03 | 0 |  |  |
| 2018-06 | 0 |  |  |
| 2018-09 | 0 |  |  |
| 2018-12 | 0 |  |  |
| 2019-03 | 0 |  |  |
| 2019-06 | 0 |  |  |
| 2019-09 | 0 |  |  |
| 2019-12 | 0 |  |  |
| 2020-03 | 0 |  |  |
| 2020-06 | 2 | net worth falling, delinquency rising |  |
| 2020-09 | 1 |  | delinquency rising |
| 2020-12 | 1 |  |  |
| 2021-03 | 2 | delinquency rising |  |
| 2021-06 | 1 |  | delinquency rising |
| 2021-09 | 0 |  | net worth falling |
| 2021-12 | 0 |  |  |
| 2022-03 | 0 |  |  |
| 2022-06 | 2 | delinquency rising, members leaving |  |
| 2022-09 | 0 |  | delinquency rising, members leaving |
| 2022-12 | 0 |  |  |
| 2023-03 | 1 | delinquency rising |  |
| 2023-06 | 0 |  | delinquency rising |
| 2023-09 | 1 | net worth falling |  |
| 2023-12 | 1 |  |  |
| 2024-03 | 1 |  |  |
| 2024-06 | 0 |  | net worth falling |
| 2024-09 | 0 |  |  |
| 2024-12 | 1 | net worth falling |  |
| 2025-03 | 1 |  |  |

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

- 2026-02-01 [Margery Ann Krantz Obituary Sep 5, 2021 - Jones & Eden Funeral Home](https://news.google.com/rss/articles/CBMiXkFVX3lxTE1MZUF5ZEV5MExaTWUxUjhvX2ZKOVJMZlh0YTlBM2xCNWFGNjJZOFo2NW1RRFN6YVp1WWI3eE9RWGxqM29DVEZFX1lnQ1RTWVJnWjZid2xqNUlXTVdsWWc?oc=5) · Jones &amp; Eden Funeral Home
- 2020-01-07 [Iowa governor: "I'm not making any changes" to IPERS - Bleeding Heartland](https://news.google.com/rss/articles/CBMimgFBVV95cUxPVUp3NDdhOXprQk1QWm9wdUtsTTZOQ3JiOWx5aU9YOEdPaDEtMHpHMThyM2ZCSmNaaHRJSFl3VmVFTDF4YzFiT0l0Q1pDazNMRV91M2VWOVhneC13NlZ0d0dRampmLVQxd2VqS1hZUzhkMTJhUHlJTFcxNF9VVmRCZFdHRi14bUZ5RmMtSGxIR3dEejVHME9VRGV3?oc=5) · Bleeding Heartland
- 2026-07-01 [The Global Investor 150 2026: The full ranking - Private Equity International | PEI](https://news.google.com/rss/articles/CBMikwFBVV95cUxQQ04wZWlGTVNkTVdpdTNDeGJnTFljWkRuNmZiZ0tHS0dZbDRyZTUyV05uWGpuLXRDTjBYaDBPOE9RRm5HNVRoV1Y3TVBjb0UzWXpNTDhWZ0ZfMm5QVTJ4aWNObDVJamhlVjZQOEcteHR2SlZ6Vk9SZ3J1dkNLbEZOeUM4Sm1vY3BRWHZUWWlHaTI0TVU?oc=5) · Private Equity International | PEI
- 2011-03-30 [Collective Bargaining and Employees in the Public Sector - everycrsreport.com](https://news.google.com/rss/articles/CBMiX0FVX3lxTE5FMklDcVhKSDA3TFdUVVY0UVpFRDREcHZWb0U1ejEzaXRPdE9IY1o3T21nMHh6ZGFCX25XMVBwd3I1dExDRzZ6d1F4bWlSM2x3UmtubGpoMnRFdnE3Q0J3?oc=5) · everycrsreport.com
- 2019-04-12 [George Finch Obituary - Austin, TX - Dignity Memorial](https://news.google.com/rss/articles/CBMifkFVX3lxTFBqSTBLM004dU1NMkRpc2g2dGRKVUkyRG5TbG5IWWtrMkxxUUhUV3ZnS3RSRE03dUotc005ZTZ5cVN6THFvUmlROTFEVGk0VU1oSVVDWFg0UEZsRE82QjZnQTVwSzMwVnkzckhYekhhX0Nhb2VQMlI2RmVsQkRsQQ?oc=5) · Dignity Memorial
- 2024-08-01 [Catherine Cortez Masto Net Worth - Quiver Quantitative](https://news.google.com/rss/articles/CBMioAFBVV95cUxPWTRoeDQtbmFaSzB6dnpOd1dJa3RLa09scHBZcWFVOFdkV28wWGxXeFFrU3hLZTBjWF9mN0JLN3N5TFpLTjJURm5iaWxmRzhMdG45WjNXUGhHUTViYnB6WmN2YXZDVmFYb2dWNHFULXVtQi1LZ0NXcF9UMXhVaktudDIxeFB6Ni1XaEhCWWFwYlk0NS1oTU4xRkFHcHFHaXJ6?oc=5) · Quiver Quantitative
- 2024-02-13 [Scott County lawmakers take 17 questions at forum - North Scott Press](https://news.google.com/rss/articles/CBMinAFBVV95cUxQQWN0cExIU2hUQ2ZpdVAwbEoxUTRCcjNKS29ITTQwbXNJbmxRRTlzbkRyS090ck4tSnU2T2N6NVBrNEtndTY3Y3JaMEthS2VMa2xvNUxJOFhSZGxvamtCUV9XdnFvcUI3UHFvMkp4SVVsYTJQQ1oxd2N4N1hEU2laTlVLT29ZRGZTSTRIaHBkSmh4bHctcDdUOGE5RXQ?oc=5) · North Scott Press
- 2019-12-09 [Iowa's main public pension system seeking new CEO (updated) - Bleeding Heartland](https://news.google.com/rss/articles/CBMimgFBVV95cUxOcXF0akwwdWVWdDdkNFRkdTNLQUUwQ01wX3VPOVFGUHBFX0wzd1VTd0FIN2JWR05wRzNCUHlDYUxTWEFnX2NCUnNaYnZxS01NcEhYNkdwSkdTakczWVRPWVZXMFcyT3dob09MbHpodC1BSWY0X3g5ZlVjcElNQXJlT3B6S3pLZHVCcG1iUUdtOFRUa2ZHbnFlVExR?oc=5) · Bleeding Heartland

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=64390 (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/6.json (key "64390", 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=64390
- 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