# MADISON
MADISON, WI · NCUA charter 66431 · asset band $50-100M · latest filing 2026-03 · live
Share link (named URL with a preview card): https://getbookiq.com/cu/madison-66431

Who the members are: state charter, organized 1936. 3,111 members of 150,000 potential (2.1% of the field); checking penetration 59% (share draft accounts per 100 members); loans per 100 members 3524.

**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 | $62.6M |
| Members | 3,111 (0.2% YoY) |
| Full-time staff | 11 |
| Net worth | $7.0M |
| Net worth ratio | 11.2% (p33 of band) |
| ROA (annualized) | 1.26% (p76 of band) |
| Total delinquency | 0.24% (p24 of band) |
| Net charge-offs (annualized) | 0.35% (p61 of band) |
| Loans / shares | 49% (p27 of band) |
| Cash / assets | 5.7% |
| Borrowings / assets | 0.00% |
| Net interest margin | 3.94% (p66 of band) |
| Operating expense / assets | 2.86% (p27 of band) |
| Vehicles % of loans | 63% (p81 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 41% |
| Third-party paper % of net worth | 173% (p92 of band) |
| Vehicle delinquency | 0.31% (p33 of band) |
| Vehicle NCO | 0.35% (p57 of band) |
| Repossessed % of vehicle book | 0.00% (p38 of band) |
| Real estate % of loans | 31% |
| Credit cards % of loans | 1% |
| Unsecured % of loans | 3% |
| Commercial % of net worth | 9% |
| Core shares % of member funds | 72% |
| Certificates % of member funds | 9% |
| Average share balance | $8,417 |
| Participations bought / yr | $3.0M |
| Participations sold / yr | $0 |
| Participations outstanding | $5.9M |
| Loans outstanding per 100 members | 3524% |
| Loans granted per 100 members, annualized | 1438% |
| Average loan balance | $245 |
| Loans granted, annualized | $12.7M |

## Participation posture (from the same filings)

Bought $3.0M and sold $0 in the latest annualized quarter; $5.9M outstanding purchased (83.9% of net worth), $0 sold and retained. Sold in 0 and bought in 8 of the last 8 quarters. Shares 5.7% year over year.

## Flags firing in the latest filing

- **3rd-party paper>100% NW** (`str_thirdparty`)
- **auto monoline** (`str_vehicle`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 1 | 3rd-party paper>100% NW |  |
| 2016-06 | 1 |  |  |
| 2016-09 | 2 | net worth falling |  |
| 2016-12 | 2 |  |  |
| 2017-03 | 2 |  |  |
| 2017-06 | 1 |  | net worth falling |
| 2017-09 | 2 | members leaving |  |
| 2017-12 | 1 |  | 3rd-party paper>100% NW |
| 2018-03 | 2 | delinquency rising |  |
| 2018-06 | 1 |  | members leaving |
| 2018-09 | 1 |  |  |
| 2018-12 | 1 |  |  |
| 2019-03 | 0 |  | delinquency rising |
| 2019-06 | 0 |  |  |
| 2019-09 | 0 |  |  |
| 2019-12 | 0 |  |  |
| 2020-03 | 0 |  |  |
| 2020-06 | 2 | net worth falling, loan book shrinking |  |
| 2020-09 | 1 |  | net worth falling |
| 2020-12 | 2 | margin squeeze, members leaving | loan book shrinking |
| 2021-03 | 2 | net worth falling | members leaving |
| 2021-06 | 4 | thin capital, members leaving |  |
| 2021-09 | 3 |  | members leaving |
| 2021-12 | 3 |  |  |
| 2022-03 | 4 | losing money, delinquency rising, 3rd-party paper>100% NW | margin squeeze, net worth falling |
| 2022-06 | 4 |  |  |
| 2022-09 | 2 |  | losing money, delinquency rising |
| 2022-12 | 2 |  |  |
| 2023-03 | 2 |  |  |
| 2023-06 | 3 | delinquency rising |  |
| 2023-09 | 2 |  | delinquency rising |
| 2023-12 | 2 | assets shrinking | thin capital |
| 2024-03 | 2 | delinquency rising | assets shrinking |
| 2024-06 | 2 | auto monoline | delinquency rising |
| 2024-09 | 3 | assets shrinking |  |
| 2024-12 | 2 |  | assets shrinking |
| 2025-03 | 2 |  |  |
| 2025-06 | 2 |  |  |
| 2025-09 | 2 |  |  |
| 2025-12 | 3 | delinquency rising |  |
| 2026-03 | 2 |  | delinquency rising |

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

- 2026-08-26 [Florida credit union to acquire bank, rebrand itself - Banking Dive](https://news.google.com/rss/articles/CBMivAFBVV95cUxNQklLX0NJS2w1X19MeHJmbHoxVlNFWUliMVZIZkN6NG5GNjI5a0J3U0VtMlRUNldFVWRHZU1jRWQwM3p1TTFkLXRoMnJuc2VXLVFrcFRkX2ZZNTYzSko5ZERaTGJ0UjVXX2wxdUhYem9WUzJpUnQxaEktT0E0TExVUmRXTjhYc1dHNlNnd3kweHNmdVFsa0N5ZFNUQVNBOEpkM2FXbjBIekVyZEl5eFBMemNHLW1URHVqZGRyVw?oc=5) · Banking Dive
- 2026-03-23 [Universities of Wisconsin, UW Credit Union launch free short-form online learning series on Artificial Intelligence - Universities of Wisconsin](https://news.google.com/rss/articles/CBMi6gFBVV95cUxOLUNBUDZkNUM1SlpOM3g3WXVWX3ZRVDVVSFQtNnpQM2dDX25DZTBURTk0SUU0LThTWHRPUWVkVTJ4Q1JwR2pTY2ZKMlFNS3YzaVRSaXRCak5McVZsbDdFalY2ZzlXZ0NBRmNjRnJnVnk4TmlLTDVCSUk5X05KQkJjdUlYd3M5ZXJORDI2aFZ2SWZJcWdPQUdyOGx2UUFDb29XRHJNWS1kclNJLWd4blJIZlB0S21TYWU3RElNenoxMVhISUJKM1hHWkFBMURKS0dBUWZDZDJFNW5oTUVMdk9fcjQ2UG1OZFFEaHc?oc=5) · Universities of Wisconsin
- 2026-06-29 [Landmark Credit Union Expands its Madison-area Footprint with Plans to Open Five Branches by the End of 2027 - PR Newswire](https://news.google.com/rss/articles/CBMi9wFBVV95cUxNVFFZNTRjaEo0WEhTb3U5NGEzdHkwdXBkbVh6UElwaDBjN3loQ3d3ejZQQ2ZaNGZFY2JpTEpiaFdYdVBnQ0FJZ3puY0NLZ3A4bVVheUxfUEdjV3B1a1J2bXdrYzFOQV96MXdjOVQ3MWc4V0xzZnlkLU94RllNV21jYzI1Q2JUbElHMURhOFBfU1B5cWlTQzJVQTkyeEJIcVhYR25NQ0hOTGNGYlQwbGhYODlmRENMOFVaVzQ2QVc1cmNCSUxJcFlSYXZlUmNrTXc4RTdXMDZ1QUYxbm1IODM5US14N2FvMUVKeklNWE9hUVhaQm5DNUNj?oc=5) · PR Newswire
- 2026-06-04 [Bucky-n-Booms debuts on shores of Lake Mendota with free, all-day July Fourth fun - Wisconsin Union](https://news.google.com/rss/articles/CBMiW0FVX3lxTFBZNGplYkxnWk1wcVNmTjBoWDRKYTJGYUEwUTdZWTBMcVlVOXFKNng1NnM0OUFlMWFqYm1TcmxPSTNTSk1jd2VQd1RfNUw4VllYdDQ3U2Y4RkktYlE?oc=5) · Wisconsin Union
- 2025-12-15 [Kim Sponem – Wisconsin 275 Most Influential Business Leaders - BizTimes - Milwaukee Business News](https://news.google.com/rss/articles/CBMiWEFVX3lxTE1YQnhtNThTWk1Ob0YxYXZGSlJKYTlIeER5OE1DeDQybmZFa1pIVGotV3FDbHB6R0I0RlB0Z0J1alpJUHVXemtIV2ZkZjVyNk9JSWpuT3JWTkc?oc=5) · BizTimes - Milwaukee Business News
- 2026-04-29 [UW Credit Union welcomes new chief financial officer - CUInsight](https://news.google.com/rss/articles/CBMimAFBVV95cUxQSWxlX2RPS0J4V0dDdWFkNzh2VVVteUtUTGEteDB5RTBUbHo0c1NZelFRWlg0SkoxdEo3LUxKNk1iSkZ1UWticV84T1VnQm9fV0Q2NVU5RVp4b242TWRVZ01IblplOVJWaE5ZYVpPZnktNXNoTV9Nem9OdXNKWFhIVzNwSmNnU0xWZWc3VXgwOUNjRmlLSF81SA?oc=5) · CUInsight
- 2026-03-23 [Universities of Wisconsin, UW Credit Union announce video series to teach people about AI - WMTV 15 NEWS](https://news.google.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?oc=5) · WMTV 15 NEWS
- 2021-03-23 [UW renews contract with UW Credit Union - The Badger Herald](https://news.google.com/rss/articles/CBMikgFBVV95cUxNN0RnN1JTYlJTckgtQTdITzZmOE5QQlpQU2xZakJlZEgyOU5RSTZLckcyZjNSMGYyVTZ0SmNfOG4wdk9hUkRDei1jRjZQaHVaZHhIM3A1eXNGRWlCcDhIQmcteHpheFhFYTdhbFctWHRvSElKZHpybWx4SnYxeGtnc3ZkU2VGVEJMd2o2S0kzWUd3dw?oc=5) · The Badger Herald

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=66431 (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/63.json (key "66431", 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=66431
- 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