# POLK COUNTY
DES MOINES, IA · NCUA charter 65039 · asset band <$50M · latest filing 2026-03 · live
Share link (named URL with a preview card): https://getbookiq.com/cu/polk-county-65039

Who the members are: state charter, organized 1955. 650 members of 2,000 potential (32.5% of the field); checking penetration 0% (share draft accounts per 100 members); loans per 100 members 50.

**Verdict on the desk:** this could be *auto monoline*. 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 | $5.5M |
| Members | 650 (-3.0% YoY) |
| Full-time staff | 2 |
| Net worth | $1.3M |
| Net worth ratio | 23.3% (p83 of band) |
| ROA (annualized) | 3.60% (p98 of band) |
| Total delinquency | 0.00% (p8 of band) |
| Net charge-offs (annualized) | 0.44% (p74 of band) |
| Loans / shares | 97% (p95 of band) |
| Cash / assets | 24.5% |
| Borrowings / assets | 0.00% |
| Net interest margin | 6.54% (p97 of band) |
| Operating expense / assets | 3.32% (p41 of band) |
| Vehicles % of loans | 93% (p98 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 | 0.34% (p77 of band) |
| Repossessed % of vehicle book | 0.00% (p46 of band) |
| Real estate % of loans | 0% |
| Credit cards % of loans | 0% |
| Unsecured % of loans | 4% |
| Commercial % of net worth | 0% |
| Core shares % of member funds | 77% |
| Certificates % of member funds | 23% |
| Average share balance | $6,076 |
| Participations bought / yr | $0 |
| Participations sold / yr | $0 |
| Participations outstanding | – |
| Loans outstanding per 100 members | 50% |
| Loans granted per 100 members, annualized | 27% |
| Average loan balance | $12,664 |
| Loans granted, annualized | $1.8M |

## Flags firing in the latest filing

- **loans>95% of shares** (`str_ltos`)
- **auto monoline** (`str_vehicle`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 2 | loans>95% of shares, auto monoline |  |
| 2016-06 | 2 |  |  |
| 2016-09 | 1 |  | loans>95% of shares |
| 2016-12 | 1 |  |  |
| 2017-03 | 2 | delinquency rising |  |
| 2017-06 | 2 | loans>95% of shares | delinquency rising |
| 2017-09 | 2 |  |  |
| 2017-12 | 1 |  | loans>95% of shares |
| 2018-03 | 1 |  |  |
| 2018-06 | 2 | delinquency rising |  |
| 2018-09 | 3 | delinquency 2x band |  |
| 2018-12 | 3 | loans>95% of shares | delinquency 2x band |
| 2019-03 | 3 |  |  |
| 2019-06 | 2 |  | loans>95% of shares |
| 2019-09 | 2 | loans>95% of shares | delinquency rising |
| 2019-12 | 1 |  | loans>95% of shares |
| 2020-03 | 2 | net worth falling |  |
| 2020-06 | 3 | margin squeeze |  |
| 2020-09 | 4 | delinquency rising |  |
| 2020-12 | 3 |  | delinquency rising |
| 2021-03 | 4 | members leaving |  |
| 2021-06 | 4 |  |  |
| 2021-09 | 4 |  |  |
| 2021-12 | 2 |  | net worth falling, margin squeeze |
| 2022-03 | 1 |  | members leaving |
| 2022-06 | 1 |  |  |
| 2022-09 | 2 | assets shrinking |  |
| 2022-12 | 3 | members leaving |  |
| 2023-03 | 2 |  | members leaving |
| 2023-06 | 4 | delinquency rising, members leaving |  |
| 2023-09 | 5 | loans>95% of shares |  |
| 2023-12 | 4 |  | members leaving |
| 2024-03 | 5 | members leaving, loan book shrinking | loans>95% of shares |
| 2024-06 | 3 |  | delinquency rising, members leaving |
| 2024-09 | 3 | delinquency rising | assets shrinking |
| 2024-12 | 2 |  | delinquency rising |
| 2025-03 | 2 | delinquency rising | loan book shrinking |
| 2025-06 | 4 | charge-offs p90, members leaving, loans>95% of shares | delinquency rising |
| 2025-09 | 3 |  | charge-offs p90 |
| 2025-12 | 4 | net worth falling, delinquency rising | loans>95% of shares |
| 2026-03 | 2 | loans>95% of shares | members leaving, net worth falling, delinquency rising |

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

- 2026-06-16 [Polk County to bid on events center management - axios.com](https://news.google.com/rss/articles/CBMioAFBVV95cUxQV0tIOGRJNlVQTzAtaDdGTE1ITXlscHp3QVZjTVNNb25wcmJmNUN1TS05UXhvVTVHM1U2cjFSbUNhdUNJZXhsUERkRHFwcFhqYy1CbTVYSC1FcWZkRG5BTV84X1BZbWk4ZVQySmpmamR4VVRiNGVtS1gwdEZpc2lHMFd0cjhnWlpDdVVSUzJNRjkyS2Jmb2pCbEpkOFRPSTUz?oc=5) · axios.com
- 2026-01-19 [Iowa organizations honor MLK Day with celebrations, days of service - Iowa Capital Dispatch](https://news.google.com/rss/articles/CBMiqgFBVV95cUxQcUFyS1NoMTZZTlJrel9QNmJoYXR4dFZ4QklhTkxpZ0dFUVQ3N3NiYXVyTFI0SFp4clQ1elJhbnhlLXpOeUpsUmVjazlTV1h2N3Nybi1BX2NrSUZzclV1aU94elJzVWIzR19lMzRKYzdGR1NQYS1Mejd0ZFRVTnJsMDA4UjhyZ3FwdmU3WU8tbHdZSjI1N05QbDZGeHhxZ3pScVJkb2VTb0FQUQ?oc=5) · Iowa Capital Dispatch
- 2025-12-10 [Linda Pioch Obituary - West Des Moines, IA - Dignity Memorial](https://news.google.com/rss/articles/CBMiigFBVV95cUxOYnQ3dFhDNGpHLWw2bmdlTnZlMWtZRkxTU1ZXYXFEamhXQjNIV19rV2ZCdDl4ODhQUjl5N0wxUmRmdmtRVC1RNExaR25McEZ3NGhVVUZQbVFqX2xyUWhGS0ItdWpsUHdqR3hxVkgyOFE5bnoydFYwOUllS3FnaUxiYnk5SXpkd0ZDTHc?oc=5) · Dignity Memorial
- 2025-10-11 [Patricia Lynn Trotter Obituary October 11, 2025 - Caldwell Parrish Funeral Home & Crematory](https://news.google.com/rss/articles/CBMia0FVX3lxTFBWNzlLZ3VlLVFxeG43a2ZtZW9oZWM3ZDZULUhZbklCVlVyd0tnazNIN3Z2bDlWMTE3SktYQzludU5pV255ZUxNOVVQT3FWcGhKM0RyamdYSWJ2VG1VbjIyUWo0TGEtT2UtUTdR?oc=5) · Caldwell Parrish Funeral Home &amp; Crematory
- 2025-06-05 [Mark Phillips - Iowa Economic Development Authority (.gov)](https://news.google.com/rss/articles/CBMimAFBVV95cUxNTjR0eXZIWFB2MXhRN2l0TmFoZ01yVWdYdWw2LXM4WThuall0dDE5czEwTVFWbTI3QnAteFdPX0RVcmVNTGhabzVFbmR2bzE4eXBWeGU2UGVQZDZIeTExTjMweVNNWURxN1Z2NG5SbjNLdTh4dWpvMTNsaHZwa2wtNG9ESk9WX0VGckdPVnFNX2VmUk1LN0hOSQ?oc=5) · Iowa Economic Development Authority (.gov)
- 2024-10-22 [Shuttered Zora lands in hands of credit union after bidders take a pass on hefty price tag - The Des Moines Register](https://news.google.com/rss/articles/CBMi9gFBVV95cUxNbkhFaExwc3Q2bzU4X2picC11RjVXRWNZMnl6dTE0QjRlS2JoQzhxUTNhY1NGTDhsNUx3M2NlZ1kxT3QxRGZCNm1tZFlBaG1tbzlyN1ZJbmV0LTBIYnVTQ242WUx2R2QtLWpWN3FSMkVEeU1Fc2NHTllWVm9Ga1J3U0ZoSWNDYnZ2c2tzWi01SXRlSlNHbDEtWXpiWWdFZENBbmZzeUREX3BJanYtMmRoRGRPaHZGRjIzNzVacF9EcFVYX2dDel92RGdzWnVtSnlPV0dGdUM0ZFF1MWJLWVhjQzVCS21SbWRIbjNBS01mS1h2LXJvVXc?oc=5) · The Des Moines Register
- 2026-05-19 [2 men charged in separate Des Moines bank robberies - weareiowa.com](https://news.google.com/rss/articles/CBMi7wFBVV95cUxQMUxyTWFtWlNpM2NUX01lWG8tUzZqRlY2OHRZVG1mYlJITkprTG9aT0REeTdFUTV0SUpFY2ZVZWl4YlBZa0hVd2R5d29MZ3gtSnd1NVlmaW1qaXhCNGRRQUZmMFotMWNOTEVFZXJQcy1vNXFKclA4MTN1eWNZN091Rlpvand0aG1WUV9kcW04ZTJUWXM2cktJa0dESTJMMnhfSXhMak91RS1fNDlEbzFlTk9XeXBNYkZhN0laMk1ZeXNoeGpxdE1KMl83eU5DZVdvNkFFY24weWZfZUxuSDJYekpJZW0wTWpieWxVYkpOTQ?oc=5) · weareiowa.com
- 2026-03-09 [Iowa attorney general files lawsuit against automaker alleging violations of consumer fraud law - JD Supra](https://news.google.com/rss/articles/CBMihAFBVV95cUxPdURPM3FlTkhlMTFtMU1ka1hFQi02UldnWTBDUmhSZUh5cXdsQWdTN0RXYlJLWDZQLXh1bGFZSHVHeHIzbTNpTHc1bkxucUh1R2JZR1JIVFhjZzdBbWVSNFZDQ09LZ3NoMUlvOHBzVVA2cjlPY2lKZkhKOENMREd2amdMTTQ?oc=5) · JD Supra

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=65039 (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 "65039", 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=65039
- 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