# GUNDERSEN
LA CROSSE, WI · NCUA charter 66477 · asset band $50-100M · latest filing 2026-03 · live
Share link (named URL with a preview card): https://getbookiq.com/cu/gundersen-66477

Who the members are: state charter, organized 1971. 3,677 members of 100,000 potential (3.7% of the field); checking penetration 48% (share draft accounts per 100 members); loans per 100 members 78.

**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 | $65.0M |
| Members | 3,677 (1.8% YoY) |
| Full-time staff | 9 |
| Net worth | $8.2M |
| Net worth ratio | 12.6% (p48 of band) |
| ROA (annualized) | 1.05% (p68 of band) |
| Total delinquency | 0.11% (p12 of band) |
| Net charge-offs (annualized) | 0.14% (p37 of band) |
| Loans / shares | 90% (p95 of band) |
| Cash / assets | 9.1% |
| Borrowings / assets | 0.00% |
| Net interest margin | 3.04% (p19 of band) |
| Operating expense / assets | 2.69% (p21 of band) |
| Vehicles % of loans | 28% (p27 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 58% |
| Third-party paper % of net worth | 129% (p89 of band) |
| Vehicle delinquency | 0.16% (p21 of band) |
| Vehicle NCO | 0.35% (p58 of band) |
| Repossessed % of vehicle book | 0.00% (p38 of band) |
| Real estate % of loans | 55% |
| Credit cards % of loans | 4% |
| Unsecured % of loans | 5% |
| Commercial % of net worth | 19% |
| Core shares % of member funds | 40% |
| Certificates % of member funds | 31% |
| Average share balance | $7,204 |
| Participations bought / yr | $0 |
| Participations sold / yr | $0 |
| Participations outstanding | $1.5M |
| Loans outstanding per 100 members | 78% |
| Loans granted per 100 members, annualized | 17% |
| Average loan balance | $17,540 |
| Loans granted, annualized | $20.7M |

## Participation posture (from the same filings)

Bought $0 and sold $0 in the latest annualized quarter; $1.5M outstanding purchased (18.6% of net worth), $0 sold and retained. Sold in 0 and bought in 0 of the last 8 quarters. Shares 4.9% year over year.

## Flags firing in the latest filing

- **net worth falling** (`cap_falling`)
- **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 | 0 |  |  |
| 2016-12 | 0 |  |  |
| 2017-03 | 0 |  |  |
| 2017-06 | 1 | net worth falling |  |
| 2017-09 | 1 |  |  |
| 2017-12 | 1 |  |  |
| 2018-03 | 0 |  | net worth falling |
| 2018-06 | 0 |  |  |
| 2018-09 | 1 | loans>95% of shares |  |
| 2018-12 | 2 | delinquency rising |  |
| 2019-03 | 2 | net worth falling | loans>95% of shares |
| 2019-06 | 0 |  | delinquency rising, net worth falling |
| 2019-09 | 1 | delinquency rising |  |
| 2019-12 | 1 | net worth falling | delinquency rising |
| 2020-03 | 1 |  |  |
| 2020-06 | 1 |  |  |
| 2020-09 | 1 |  |  |
| 2020-12 | 1 |  |  |
| 2021-03 | 1 |  |  |
| 2021-06 | 0 |  | net worth falling |
| 2021-09 | 1 | members leaving |  |
| 2021-12 | 2 | delinquency rising |  |
| 2022-03 | 2 |  |  |
| 2022-06 | 1 |  | delinquency rising |
| 2022-09 | 2 | assets shrinking |  |
| 2022-12 | 0 |  | members leaving, assets shrinking |
| 2023-03 | 2 | delinquency rising, assets shrinking |  |
| 2023-06 | 2 |  |  |
| 2023-09 | 1 |  | assets shrinking |
| 2023-12 | 2 | 3rd-party paper>100% NW |  |
| 2024-03 | 2 |  |  |
| 2024-06 | 3 | assets shrinking |  |
| 2024-09 | 2 |  | assets shrinking |
| 2024-12 | 1 |  | delinquency rising |
| 2025-03 | 1 |  |  |
| 2025-06 | 1 |  |  |
| 2025-09 | 1 |  |  |
| 2025-12 | 2 | delinquency rising |  |
| 2026-03 | 2 | net worth falling | delinquency rising |

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

- 2026-08-15 [Sharon K. Jirsa Obituary Aug 15, 2026 - Schumacher-Kish Funeral and Cremation Services](https://news.google.com/rss/articles/CBMiZkFVX3lxTE1jbG1IYVd1M214amdzakFSZjJfUFJpUTB6R25ielJiYTdpVGNKbzloa1lvalpSWElIUTlTcnRyNlg4ZUZ4N2puYTloNHBZbVUzem1kUUZVRGhYMzJ3VjBVRnRfdjRtUQ?oc=5) · Schumacher-Kish Funeral and Cremation Services
- 2026-01-20 [Vicki A. Gilbertson Obituary Jan 20, 2026 - Schumacher-Kish Funeral and Cremation Services](https://news.google.com/rss/articles/CBMia0FVX3lxTE1ZX3hHcmRZU3hnMy1saE9PTTY4cHh6NU0tbmZNQmpmNWEzNGxSS0J5c3lQS2hEemt0ekticXB6YXBCYTlfOGpkbDZEd0pVaExwX2EzbHZUR1Z3NkI3XzY4bi1JOHlNd1hfVHZJ?oc=5) · Schumacher-Kish Funeral and Cremation Services
- 2021-06-20 [Brett Thompson: Credit unions forging ties with community - The Capital Times](https://news.google.com/rss/articles/CBMi2gFBVV95cUxPcXE2RDI3RWZ3VWxpakNHckxWbGNjekdndFdKcndCM1kzdDNwakszR0o5NnJ1V3lTTWFmOE9EbUx6RW9mVHZ5Y2RQUmV6cnJ4WkZDSVVxb2ZYN0lpVmNXd3lHM2gxeVRPZ0UtU2RhRWo0V1BSR2tSckJfbFpBX3RlUHJsY2EtR0ppby15UFlCdzFKa0J6OE9DVk5IMDZiTXZLTUM3bHR4WmhDMFNHd1hxM2o0eXQtWk5kUHJqdE9Vd0lVc2t4eG55bk5KcjR1WGJURmFSTEZ2MTF2Zw?oc=5) · The Capital Times
- 2023-04-10 [Obituary for Stepheny R Rostkowski - Lanham-Schanhofer Funeral Home and Cremation](https://news.google.com/rss/articles/CBMiaEFVX3lxTFBfbDVjV3BNVU9wTHFWNE8wSkZpRkRZVkhYMVR2YnF5TjhXVWdPSHB4a3Q3cExmSWNEbjlBS1ppc1JPeTg4cV9PLU9KaXROZzFkZzFZT0hVY0tFbkFoZGtyQkh5QjNYOGpF?oc=5) · Lanham-Schanhofer Funeral Home and Cremation
- 2025-08-08 [James "Jim" A. Petersen Obituary (2025) - La Crosse, WI - Blaschke & Schneider Funeral Home - legacy.com](https://news.google.com/rss/articles/CBMiiAFBVV95cUxNX3dsTHhScFh4RXFUMlZPS2dXV2RUMkhLVkRlTTdsQmRkTU4wMk5FajU3eWwtMjJ4Ui1mZ2NyNTIyUTZ2bTBrNjdJd19Oa0xzdm4tcURlQ3Y2cDlteDB2WWJ2bHpOTmRkSHFXNUFLWS1zOER6dTIwb0lHcDdadUhOOUF1Sk1XV2NR?oc=5) · legacy.com
- 2022-04-13 [Anndrea L. Olson Obituary Apr 13, 2022 - Schumacher-Kish Funeral and Cremation Services](https://news.google.com/rss/articles/CBMiZ0FVX3lxTE9sdEdOQ2lmbnRlcWtXMHE4ZFpSdW4tMFIyRmJndTFPYTlSaDZ6NlVVVUlrUzZFNnNMRkxSNmZqYjNMRUFXdHdSS1hQRFhESmJKQk9UYWRtTTBCcWYyc01iRmkxeWZEZkk?oc=5) · Schumacher-Kish Funeral and Cremation Services
- 2023-06-10 [Judith Arnold Obituary (1948 - 2023) - Onalaska, WI - La Crosse Tribune - legacy.com](https://news.google.com/rss/articles/CBMilwFBVV95cUxNS1pmcHl3MmpWbkFDMkJubXREOXo5QnlRTXhZN3FPS2xYb2NxV20zYkhlWEVQSXN6RGZEN1dPS3M3ZE83NDBOd2xjQ1AyanRZSnNyaXR6T05qZFhDQnFXWU92bnJ5ajJaQmFiMWVNeTV4a3ZfZUs1bGNnc0FZOUFOZFphRVVWTUNnMEpXYU4xUnV1TnN4NVVN?oc=5) · legacy.com
- 2024-01-03 [James Ehrsam Obituary (1927 - 2024) - La Crosse, WI - La Crosse Tribune - legacy.com](https://news.google.com/rss/articles/CBMilgFBVV95cUxQaC10ZjZXLVlZeFVZQUxBUk84cEhadmUzTEIwdVpkcG1BejdVd1RVSUkyQWJZMFYzc01BeUdZTkg0Z3p0ZEVjUWxIOTRyaG1JamRoLThETGIzMXFwRm9nTTNoT2ROYzRhVm1NUlhYU1kyVlNBOUM0MllXSkt2aDhFUnJOWEp4ME1PazRJd2FnM0lzd2xXRUE?oc=5) · legacy.com

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=66477 (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/45.json (key "66477", 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=66477
- 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