# CHICAGO MUNICIPAL EMPLOYEES
Chicago, IL · NCUA charter 65932 · asset band $50-100M · latest filing 2024-09 · stopped filing after 2024-09 (departed; for a credit union that is almost always a merger)
Share link (named URL with a preview card): https://getbookiq.com/cu/chicago-municipal-employees-65932

Who the members are: state charter, organized 1926, low-income designated, minority depository institution. 11,146 members of 1,000,000 potential (1.1% of the field); checking penetration 20% (share draft accounts per 100 members); loans per 100 members 39.

**Verdict on the desk:** this could be *stressed*. Composite score 10 of 18 (one point per flag across 17 flags, capital below 7% counted twice).

## What the filing shows

| Measure | Value |
|---|---|
| Total assets | $59.4M |
| Members | 11,146 (-0.2% YoY) |
| Full-time staff | 15 |
| Net worth | $2.1M |
| Net worth ratio | 3.6% (p0 of band) |
| ROA (annualized) | -4.94% (p0 of band) |
| Total delinquency | 3.18% (p97 of band) |
| Net charge-offs (annualized) | 2.25% (p99 of band) |
| Loans / shares | 67% (p51 of band) |
| Cash / assets | 21.5% |
| Borrowings / assets | 0.00% |
| Net interest margin | 3.30% (p44 of band) |
| Operating expense / assets | 5.31% (p91 of band) |
| Vehicles % of loans | 57% (p70 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 90% |
| Third-party paper % of net worth | 943% (p100 of band) |
| Vehicle delinquency | 2.75% (p94 of band) |
| Vehicle NCO | 0.65% (p73 of band) |
| Repossessed % of vehicle book | 0.00% (p39 of band) |
| Real estate % of loans | 22% |
| Credit cards % of loans | 4% |
| Unsecured % of loans | 20% |
| Commercial % of net worth | 0% |
| Core shares % of member funds | 50% |
| Certificates % of member funds | 32% |
| Average share balance | $4,873 |
| Participations bought / yr | $0 |
| Participations sold / yr | $0 |
| Participations outstanding | – |
| Loans outstanding per 100 members | 39% |
| Loans granted per 100 members, annualized | 4% |
| Average loan balance | $8,748 |
| Loans granted, annualized | $15.8M |

## 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`)
- **delinquency 2x band** (`aq_dq_high`)
- **delinquency rising** (`aq_dq_rising`)
- **charge-offs p90** (`aq_nco_high`)
- **3rd-party paper>100% NW** (`str_thirdparty`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 2 | losing money, expense trap |  |
| 2016-06 | 2 |  |  |
| 2016-09 | 3 | delinquency 2x band |  |
| 2016-12 | 2 |  | delinquency 2x band |
| 2017-03 | 2 | charge-offs p90, members leaving | losing money, expense trap |
| 2017-06 | 0 |  | charge-offs p90, members leaving |
| 2017-09 | 1 | expense trap |  |
| 2017-12 | 1 |  |  |
| 2018-03 | 2 | losing money |  |
| 2018-06 | 6 | net worth falling, delinquency 2x band, delinquency rising, members leaving |  |
| 2018-09 | 4 | charge-offs p90 | net worth falling, delinquency 2x band, delinquency rising |
| 2018-12 | 2 |  | members leaving, charge-offs p90 |
| 2019-03 | 3 | delinquency 2x band |  |
| 2019-06 | 2 |  | delinquency 2x band |
| 2019-09 | 4 | delinquency 2x band, delinquency rising |  |
| 2019-12 | 5 | members leaving |  |
| 2020-03 | 5 | net worth falling, charge-offs p90 | delinquency 2x band, delinquency rising |
| 2020-06 | 6 | margin squeeze |  |
| 2020-09 | 5 |  | members leaving |
| 2020-12 | 5 | thin capital | expense trap |
| 2021-03 | 4 | expense trap, delinquency 2x band | losing money, charge-offs p90, margin squeeze |
| 2021-06 | 3 |  | delinquency 2x band |
| 2021-09 | 2 | delinquency 2x band, 3rd-party paper>100% NW | net worth falling, thin capital, expense trap |
| 2021-12 | 3 | thin capital, charge-offs p90 | delinquency 2x band |
| 2022-03 | 6 | net worth falling, losing money, margin squeeze, delinquency 2x band | charge-offs p90 |
| 2022-06 | 3 | members leaving | thin capital, net worth falling, losing money, margin squeeze |
| 2022-09 | 4 | expense trap, charge-offs p90, assets shrinking | delinquency 2x band, members leaving |
| 2022-12 | 5 | delinquency 2x band |  |
| 2023-03 | 6 | losing money |  |
| 2023-06 | 8 | net worth falling, delinquency rising |  |
| 2023-09 | 5 | members leaving | assets shrinking, delinquency 2x band, net worth falling, delinquency rising |
| 2023-12 | 8 | thin capital, margin squeeze, delinquency 2x band |  |
| 2024-03 | 9 | net worth falling, delinquency rising | charge-offs p90 |
| 2024-06 | 11 | capital below 7%, charge-offs p90 | margin squeeze |
| 2024-09 | 10 |  | members leaving |

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

- 2025-11-10 [Great Lakes Credit Union Completes Merger With Chicago Municipal Employees CU - CUTimes](https://news.google.com/rss/articles/CBMiswFBVV95cUxNOEZlX3Q5Q0hGZWRfaTdORGQ0RG9KdlJBejkyUVVMaXNWRFBvV0hhVlQ1TmN3ZjRsekQyY2JBajQxdjBOY0txZTJjdVRncFotdjNJeHpuUmxBY2h4QlFteUZrbTBjNS14SERTbHhianN3NlFSMWZuTWV1cWpBU0RFNERONXpPVklPVUlHUU9zX0k5aU1BZmZpQ1FYbTdWWFo1UG5lY3U0TkRXNFZ6YTVZOTYzZw?oc=5) · CUTimes
- 2026-06-09 [GLCU is celebrating 100 years of the Chicago Municipal Employees Credit Union - WGN Radio 720](https://news.google.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?oc=5) · WGN Radio 720
- 2024-02-13 [Earn up to 6.17% With 16 Regional CDs That Out-Pay the National Leaders - Investopedia](https://news.google.com/rss/articles/CBMiqgFBVV95cUxNc2llekxGLWZjTkJSaWF1MDYyYTB4MHBCVWJwQnRsaUoyUVkwdDFBZnVMSUVxSmtEa3FwU00wTXozV2xkOXM4M045ck9qOUgwemh2UnlNSXBHNTJuTmQ4OXE4RTRiTzlRclZoRWdJVWNLNlMyZEdLaUJ6VFcySVg3S0E1S05KRGpoSG1hLUNyNUtCRFY4d255UmEwSWhiakJMTjVLemZLay1xUQ?oc=5) · Investopedia
- 2019-08-02 [Embattled alderman and her kids’ troubled finances: a trail of bankruptcies - Chicago Sun-Times](https://news.google.com/rss/articles/CBMingFBVV95cUxNelFwZkJpVmZVNmZERXNfVUFaUy1IQmhKR1BRM0hGVGEtRUN5c3JUN1pFVlZ4ai1TR1JCOUhfNTJuOXozcUZXcTZ4MTN3Q05OUFl3M0VNNTh6Mi1VaFFQd0xrRnN1cmtzdktwcDMycDd3VkVCN1JpMzFYRFh2RDBoeERKNjdmQWtWQ1FkVUxKUzBQUko1M19ZbnRHa2NHdw?oc=5) · Chicago Sun-Times

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=65932 (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/12.json (key "65932", 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=65932
- 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