# INDIANHEAD
SPOONER, WI · NCUA charter 66434 · asset band $50-100M · latest filing 2026-03 · live
Share link (named URL with a preview card): https://getbookiq.com/cu/indianhead-66434

Who the members are: state charter, organized 1961, low-income designated. 7,274 members of 498,183 potential (1.5% of the field); checking penetration 61% (share draft accounts per 100 members); loans per 100 members 37.

**Verdict on the desk:** this could be *indirect buyer*. 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 | $98.8M |
| Members | 7,274 (1.4% YoY) |
| Full-time staff | 17 |
| Net worth | $14.8M |
| Net worth ratio | 15.0% (p69 of band) |
| ROA (annualized) | 1.69% (p90 of band) |
| Total delinquency | 0.67% (p54 of band) |
| Net charge-offs (annualized) | 0.02% (p20 of band) |
| Loans / shares | 82% (p86 of band) |
| Cash / assets | 18.4% |
| Borrowings / assets | 0.00% |
| Net interest margin | 4.24% (p80 of band) |
| Operating expense / assets | 3.20% (p37 of band) |
| Vehicles % of loans | 43% (p51 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 56% |
| Third-party paper % of net worth | 108% (p86 of band) |
| Vehicle delinquency | 1.06% (p71 of band) |
| Vehicle NCO | 0.06% (p40 of band) |
| Repossessed % of vehicle book | 0.04% (p79 of band) |
| Real estate % of loans | 50% |
| Credit cards % of loans | 0% |
| Unsecured % of loans | 0% |
| Commercial % of net worth | 0% |
| Core shares % of member funds | 79% |
| Certificates % of member funds | 4% |
| Average share balance | $5,655 |
| Participations bought / yr | $0 |
| Participations sold / yr | $0 |
| Participations outstanding | – |
| Loans outstanding per 100 members | 37% |
| Loans granted per 100 members, annualized | 13% |
| Average loan balance | $25,116 |
| Loans granted, annualized | $24.4M |

## Flags firing in the latest filing

- **delinquency rising** (`aq_dq_rising`)
- **3rd-party paper>100% NW** (`str_thirdparty`)

## Warning timeline

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

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

- 2026-05-21 [Insider: Attempted Fraud Foiled by Spooner Credit Union Employees; Charges Filed | Recent News - DrydenWire.com](https://news.google.com/rss/articles/CBMioAFBVV95cUxPNEJoZjVweEx3MmRlRGt5MWNDQUtrTlhUY21SeWJvSlNpZnF1b1h4MTh4VzBxTDl5WVpFN253dUl2ZmU0alh6YVJBM1BkNkVoSkZPLUF5NTdxMXQtSFpkUXJJdEFsNVNIOG43RTlJWmlYWW02S0lWdElnOHZXOVNlbi1ydWxMQjRkVzUxdUE2UFNXblJNZGxjT3lQYUVpNFY1?oc=5) · DrydenWire.com
- 2026-05-23 [Shirley A. Sickler Obituary May 23, 2026 - Downs Life Celebration Center - Downs Life Celebration Center](https://news.google.com/rss/articles/CBMiX0FVX3lxTE8tUEgySzJmZXhiYVZVM1ZuWjE5eEwyZTY2RDhJZGRweXcyVUxRUjdLMVNJN1EwTFlSc1ppX0xfX2N6NWVKQjhNTlNGTUV3ZTNINW55S0lyc0FoclJJbTBZ?oc=5) · Downs Life Celebration Center
- 2025-07-11 [Indianhead Credit Union Now Hiring Member Service Representative Teller - DrydenWire.com](https://news.google.com/rss/articles/CBMiogFBVV95cUxOUTNBWEJhRG16RWpQS01feE5UaE9ielBSZ3J1Zks3NHlvNFFZWTBVckx1V1NxeDJLUUxYNmp2Y1lWdjVuQjQtWDd2WTEyV2ZJVFpodWY3WTAzR2NtLXVuTnJpRnlsbS1nd080THR4M3N5Ql9seW5EZ2FZVE5ORjctem1aQm9tNFBweVlhVC12X3pLUWoxZEJQRUV3aUNEaU5kS0E?oc=5) · DrydenWire.com
- 2024-07-20 [Obituary for John Broadfoot - Bratley-Nelson Funeral Homes & Crematory](https://news.google.com/rss/articles/CBMibkFVX3lxTE54SmZXLVVENmNpZFFGZkViclhQc2hnek9vYi1kUlFRQjBZNTdVUmxhc29QaFZ4QjFqU0dIUkpFbFE4dzUtRlNoWC1DMXNtbU1xZlB5X0d3Z1NRM0QySHJEOHJKbThHeElIaWhPeHZ3?oc=5) · Bratley-Nelson Funeral Homes & Crematory
- 2022-12-16 [Donating presents for Christmas - apg-wi.com](https://news.google.com/rss/articles/CBMizAFBVV95cUxOeFZRd1VnVGFhTVB4VkVhUHlibGpDQ3ZpSE54MnZmdDlXaGktTmVwaVlWZjdaVnFYdXVGZG9CT3JyTzE5dmx3cGI3RS1pbVdqNEZYaXYwOEd3X3N1NW84Rl9iSHpETmdGZ1U4V0x1QldDYl9jZXNMYk5vRzUwNW9zR21jV2VOWWxuODBTWjlzQ040MHA0U1FycVdnMUJrWGRCdlBvdFVJZmREQnVva2lzaHpYOU1WR251ZzJSdU96UGp2SlVKMGMtWDZ2cmI?oc=5) · apg-wi.com
- 2022-10-16 [Obituary for Shirley Frye - Bratley-Nelson Funeral Homes & Crematory](https://news.google.com/rss/articles/CBMia0FVX3lxTFB2bzhnMkNTTzdUblVfeVRyRm1iNHp2T1pUbWxXbEdaaEEySGRvTTFtNktIS3RuUzhLLUJYOHB1eVBhOFIzY0N5dU1BcXVpa0VFcjFISUZCRTVoamlrSEhLQzl6MVhtYjBrRUxz?oc=5) · Bratley-Nelson Funeral Homes & Crematory
- 2023-09-01 [ICU Now Hiring Member Service Representative Teller - DrydenWire.com](https://news.google.com/rss/articles/CBMihwFBVV95cUxOcUpULXp5Q09Kcno2bDhaZVRCUFRzOUJsLUNTYjEtT0dYUm1vODZjeVRKN3I5TldrZ0M0bGYzWDJYUzZkOWxUek9TZG5UWFBkblM4d1p4SXlOYTdIVFZfbXNKR0JtaTdMWmgtVkdKbXVQVzlTNmNxbVZTdkFCMWtVMHJsSVZkbWs?oc=5) · DrydenWire.com
- 2025-06-10 [Dee Campeau Obituary (2025) - Osceola, WI - Grandstrand Funeral Home & Cremation Service - Osceola - legacy.com](https://news.google.com/rss/articles/CBMif0FVX3lxTFBKRGtPSU0wU0NfNWt0Zkh1RjFLY3pPRWN5Rloxb0hVczdzbHQtNlBKbVhuM0pZa1FaSGp6OGFZNGs3SDR4OEFPbVphcUttYlFMOFRWN1hCM2FQYjJ2aFNpRkpaSGJUbm1INFM1b3oxQ0Q2cGJYb3htVWFucmR3NFU?oc=5) · legacy.com

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=66434 (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/2.json (key "66434", 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=66434
- 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