# COGIC
Lafayette, LA · NCUA charter 65780 · asset band <$50M · latest filing 2026-03 · live
Share link (named URL with a preview card): https://getbookiq.com/cu/cogic-65780

Who the members are: state charter, organized 1981, low-income designated, minority depository institution. 247 members of 1,500 potential (16.5% of the field); checking penetration 0% (share draft accounts per 100 members); loans per 100 members 15.

**Verdict on the desk:** this could be *stressed*. Composite score 11 of 18 (one point per flag across 17 flags, capital below 7% counted twice).

## What the filing shows

| Measure | Value |
|---|---|
| Total assets | $369,494 |
| Members | 247 (-9.8% YoY) |
| Full-time staff | 0 |
| Net worth | $15,657 |
| Net worth ratio | 4.2% (p1 of band) |
| ROA (annualized) | -9.43% (p1 of band) |
| Total delinquency | 2.03% (p78 of band) |
| Net charge-offs (annualized) | 0.00% (p37 of band) |
| Loans / shares | 64% (p59 of band) |
| Cash / assets | 39.3% |
| Borrowings / assets | 0.00% |
| Net interest margin | 4.64% (p78 of band) |
| Operating expense / assets | 13.79% (p99 of band) |
| Vehicles % of loans | 48% (p33 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% (p35 of band) |
| Repossessed % of vehicle book | 0.00% (p46 of band) |
| Real estate % of loans | 23% |
| Credit cards % of loans | 0% |
| Unsecured % of loans | 23% |
| Commercial % of net worth | 0% |
| Core shares % of member funds | 100% |
| Certificates % of member funds | 0% |
| Average share balance | $1,229 |
| Participations bought / yr | $0 |
| Participations sold / yr | $0 |
| Participations outstanding | – |
| Loans outstanding per 100 members | 15% |
| Loans granted per 100 members, annualized | 0% |
| Average loan balance | $6,261 |
| Loans granted, annualized | $0 |

## Flags firing in the latest filing

- **thin capital** (`cap_low`)
- **capital below 7%** (`cap_critical`)
- **net worth falling** (`cap_falling`)
- **losing money** (`earn_negative`)
- **expense trap** (`earn_opex`)
- **margin squeeze** (`earn_nim_squeeze`)
- **delinquency 2x band** (`aq_dq_high`)
- **assets shrinking** (`shrink_assets`)
- **members leaving** (`shrink_members`)
- **loan book shrinking** (`shrink_loans`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 7 | thin capital, capital below 7%, losing money, expense trap, delinquency 2x band, auto monoline |  |
| 2016-06 | 6 |  | auto monoline |
| 2016-09 | 3 |  | capital below 7%, losing money |
| 2016-12 | 3 |  |  |
| 2017-03 | 3 | members leaving | thin capital |
| 2017-06 | 6 | losing money, charge-offs p90, loan book shrinking |  |
| 2017-09 | 5 | margin squeeze | delinquency 2x band, charge-offs p90 |
| 2017-12 | 7 | net worth falling, delinquency 2x band, charge-offs p90 | losing money |
| 2018-03 | 6 | thin capital | members leaving, charge-offs p90 |
| 2018-06 | 8 | losing money, delinquency rising |  |
| 2018-09 | 7 |  | loan book shrinking |
| 2018-12 | 7 | charge-offs p90 | delinquency rising |
| 2019-03 | 7 | capital below 7% | losing money, charge-offs p90 |
| 2019-06 | 5 |  | margin squeeze, net worth falling |
| 2019-09 | 5 |  |  |
| 2019-12 | 7 | losing money, delinquency rising |  |
| 2020-03 | 5 | members leaving | capital below 7%, losing money |
| 2020-06 | 6 | loan book shrinking |  |
| 2020-09 | 6 |  |  |
| 2020-12 | 5 |  | loan book shrinking |
| 2021-03 | 6 | losing money, margin squeeze | members leaving |
| 2021-06 | 3 |  | delinquency rising, losing money, margin squeeze |
| 2021-09 | 5 | capital below 7% |  |
| 2021-12 | 3 |  | capital below 7% |
| 2022-03 | 5 | losing money, members leaving |  |
| 2022-06 | 5 | margin squeeze, loan book shrinking | expense trap, members leaving |
| 2022-09 | 7 | capital below 7%, expense trap, members leaving | margin squeeze, loan book shrinking |
| 2022-12 | 7 | net worth falling | delinquency 2x band |
| 2023-03 | 8 | margin squeeze, delinquency 2x band | expense trap |
| 2023-06 | 7 | expense trap | net worth falling, margin squeeze |
| 2023-09 | 5 |  | losing money, expense trap |
| 2023-12 | 8 | losing money, expense trap, delinquency rising |  |
| 2024-03 | 7 |  | losing money |
| 2024-06 | 6 |  | members leaving |
| 2024-09 | 7 | losing money |  |
| 2024-12 | 4 | assets shrinking | capital below 7%, delinquency rising, losing money |
| 2025-03 | 5 | delinquency rising |  |
| 2025-06 | 8 | capital below 7%, members leaving |  |
| 2025-09 | 10 | charge-offs p90, loan book shrinking |  |
| 2025-12 | 9 | losing money | delinquency rising, charge-offs p90 |
| 2026-03 | 11 | net worth falling, margin squeeze |  |

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

- 2026-02-09 [Here’s how to get free tax help in Milwaukee in 2026 - Milwaukee Neighborhood News Service](https://news.google.com/rss/articles/CBMikgFBVV95cUxOZG4xVGRCeWxUeFg0YXFZeDVzNjNoamU3UVRuRmRZblo3WURwbW5laEFJNjljWDVsbUVpMVFpRWxGaEs1YnU5M0E5X1dJZXdEcnVma0NfeE9obXBTaEt0SkpPamJMbVJVQ21NdE9VTjlRSXljSjhWRVBCd29FYXZKcHUwTjR2UEtmZHBoQzJIM20tUQ?oc=5) · Milwaukee Neighborhood News Service
- 2025-03-01 [Here's how to get free tax help in Milwaukee - OnMilwaukee](https://news.google.com/rss/articles/CBMibEFVX3lxTE5Zckk0b0YxWnN3N0wzUVdDRUg3WUlVTDRaa1BYaDFYV1JqVHBDWGVtX2NVbExuTXNtQy1tUzFqZWFvWFQwLWFNMmM3QjRXRzRUUXBsVDBCcElMNFFkYkFWaF9aRFhJX2ZROGtXZA?oc=5) · OnMilwaukee
- 2024-03-07 [Here’s what you need to know to get free tax help in Milwaukee - Milwaukee Neighborhood News Service](https://news.google.com/rss/articles/CBMinwFBVV95cUxNRHBuZlBRUTNoWUgtS3RBRGYzQmFrWlFHSGtOWHd3LVhRaGl3SWJWYXI4SjNUeGZyMEx6ODZKbFNmVTVvLUtsNUw0empSU3Iyb1M4MVhwTTcwNW1ld3VoTDhGdkZuby1IRnNsVnV2czRBbjFVWXJKQUN4N2RDMWdMMnlzQWZOZlZ4Z0MtVGNVMkJVQVVyVnB4d1RvNy0zTXM?oc=5) · Milwaukee Neighborhood News Service

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=65780 (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/52.json (key "65780", 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=65780
- 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