# NORTHWESTERN MUTUAL
Milwaukee, WI · NCUA charter 66555 · asset band $200-500M · latest filing 2026-03 · live
Share link (named URL with a preview card): https://getbookiq.com/cu/northwestern-mutual-66555

Who the members are: state charter, organized 1933. 6,858 members of 15,000 potential (45.7% of the field); checking penetration 71% (share draft accounts per 100 members); loans per 100 members 30.

**Verdict on the desk:** this could be *liquidity-rich*. 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 | $292.3M |
| Members | 6,858 (2.5% YoY) |
| Full-time staff | 18 |
| Net worth | $31.0M |
| Net worth ratio | 10.6% (p40 of band) |
| ROA (annualized) | 0.51% (p37 of band) |
| Total delinquency | 0.05% (p2 of band) |
| Net charge-offs (annualized) | 0.02% (p6 of band) |
| Loans / shares | 49% (p7 of band) |
| Cash / assets | 20.8% |
| Borrowings / assets | 3.95% |
| Net interest margin | 1.64% (p0 of band) |
| Operating expense / assets | 1.30% (p1 of band) |
| Vehicles % of loans | 12% (p10 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 0% |
| Third-party paper % of net worth | 0% (p9 of band) |
| Vehicle delinquency | 0.00% (p2 of band) |
| Vehicle NCO | 0.00% (p4 of band) |
| Repossessed % of vehicle book | 0.00% (p25 of band) |
| Real estate % of loans | 85% |
| Credit cards % of loans | 0% |
| Unsecured % of loans | 1% |
| Commercial % of net worth | 0% |
| Core shares % of member funds | 32% |
| Certificates % of member funds | 13% |
| Average share balance | $14,614 |
| Participations bought / yr | $0 |
| Participations sold / yr | $5.9M |
| Participations outstanding | $0 |
| Loans outstanding per 100 members | 30% |
| Loans granted per 100 members, annualized | 7% |
| Average loan balance | $59,064 |
| Loans granted, annualized | $45.9M |

## Participation posture (from the same filings)

Bought $0 and sold $5.9M in the latest annualized quarter; $0 outstanding purchased (0.0% of net worth), $3.7M sold and retained. Sold in 4 and bought in 0 of the last 8 quarters. Shares 9.3% year over year.

## Flags firing in the latest filing

- **net worth falling** (`cap_falling`)
- **delinquency rising** (`aq_dq_rising`)

## 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 | 1 | delinquency rising |  |
| 2017-06 | 1 |  |  |
| 2017-09 | 1 |  |  |
| 2017-12 | 0 |  | delinquency rising |
| 2018-03 | 0 |  |  |
| 2018-06 | 1 | assets shrinking |  |
| 2018-09 | 0 |  | assets shrinking |
| 2018-12 | 0 |  |  |
| 2019-03 | 1 | delinquency rising |  |
| 2019-06 | 1 |  |  |
| 2019-09 | 1 |  |  |
| 2019-12 | 2 | net worth falling |  |
| 2020-03 | 1 |  | delinquency rising |
| 2020-06 | 2 | delinquency rising |  |
| 2020-09 | 0 |  | net worth falling, delinquency rising |
| 2020-12 | 0 |  |  |
| 2021-03 | 0 |  |  |
| 2021-06 | 0 |  |  |
| 2021-09 | 1 | leaning on borrowings |  |
| 2021-12 | 1 |  |  |
| 2022-03 | 0 |  | leaning on borrowings |
| 2022-06 | 0 |  |  |
| 2022-09 | 0 |  |  |
| 2022-12 | 0 |  |  |
| 2023-03 | 1 | assets shrinking |  |
| 2023-06 | 1 |  |  |
| 2023-09 | 3 | delinquency rising, leaning on borrowings |  |
| 2023-12 | 3 |  |  |
| 2024-03 | 1 |  | assets shrinking, leaning on borrowings |
| 2024-06 | 1 |  |  |
| 2024-09 | 0 |  | delinquency rising |
| 2024-12 | 1 | leaning on borrowings |  |
| 2025-03 | 0 |  | leaning on borrowings |
| 2025-06 | 0 |  |  |
| 2025-09 | 1 | delinquency rising |  |
| 2025-12 | 1 |  |  |
| 2026-03 | 2 | net worth falling |  |

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

- 2026-06-23 [Northwestern Mutual Life Insurance Review 2026: Coverage & Insights - wsj.com](https://news.google.com/rss/articles/CBMiowFBVV95cUxObUFlNE5OMm4tVXdwMHBDbmZXVXZVeEZGanN1N2lWTkhIekVLR00wUXZPYnMwY0FnSU1KXy11MXIxREd1ZllpZW9aUTJqR0VzYlc0ODRGUlQxQ3pGcWZKdjlpWVZIWVUwTDhhVlJVSXRfdVRwamc1SEdBWU5EcWVkQ3gtdlY3NnlRQXRUQ2VpUWhScDhsZzhsenBUUVFmZ0hUa3V3?oc=5) · wsj.com
- 2018-10-02 [Should You Ditch Your Bank for a Credit Union? - Northwestern Mutual](https://news.google.com/rss/articles/CBMikgFBVV95cUxOdVlJNE1HMXRFOTFFSzBIX2RpdEJpWlR0eFdxeEZfMTM4NktkZDF6NVFGNDlYeTVfVElRdTRSTmZqWkVHeG55cTF2WWhSV29xNHpmNjBVZlFDN21xdFRycUlVdmlSUkRpd2dEeG5JNk1SYjdZdWFWWm9zZS1meFdrc210aGI2UGdTQzhLR2pxSkloUQ?oc=5) · Northwestern Mutual
- 2024-03-14 [Northwestern Mutual to add public convenience store to downtown campus - BizTimes - Milwaukee Business News](https://news.google.com/rss/articles/CBMilwFBVV95cUxPdTV0MVlqZDExaVlJUkl6Ml9TbmVXUm5Sbl8xeThoRlBkbDRfd1pILTFIdHRyY2Fnb3AtMWQwdGRnUTRBcUFrZ1pOdzJfSVdnWEZSSEkwZlFmTTBUWWVBMTY0R0IxTFZLSXJUYVNyRXpwUmJnbThrcUNSNGt5UjhxWVY4VnVjdnprRVF0Ul9SMjhUQTc5MlFZ?oc=5) · BizTimes - Milwaukee Business News
- 2024-08-14 [What Is a High-Yield Savings Account? - Northwestern Mutual](https://news.google.com/rss/articles/CBMikAFBVV95cUxQQTdHYm4xYWVyMmxrY2hBZG1WSktTRmtSNVB0ZmNWMXpiQ1hpbnZDYlBMd2tLUFhiU19XelhieS1laXY3RVFnUTl1MWdLdXVoeDN4bkRyQ3NmQkhOOW05Yko1QUxmeTh6RVU2cWp3aTRCYVRuZVg5eFgzOWQ3d2Rvb05UUW01YzNFT3NWZTUteGQ?oc=5) · Northwestern Mutual
- 2024-03-14 [Convenience Store Coming to Northwestern Mutual Campus, Starbucks Moving - Urban Milwaukee](https://news.google.com/rss/articles/CBMirwFBVV95cUxPYXpOMWtDRmpMUWZadERMb0JPOG5PQ2tLM1BucVdxWGpFR2dCenVUQVlHaEtEbHJET3ZaSzJtSVVkSTFXMWNEUGNZZVR0YnoxdUItNEFsTVdxcWwycEdzQjdyN1JhUnFjMW9LZ0VhUlpXZWNzaDgwV1RBM0pLeW13SnZLUHE4d3dWVWI0aDhWcGZuZUxmQUlJYWVoalFaQUctbnluVmhVdkoxTW9VMGlJ?oc=5) · Urban Milwaukee
- 2025-05-08 [Milwaukee Brewers and Corporate Partners Team Up For Charity - mlb.com](https://news.google.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?oc=5) · mlb.com
- 2024-03-14 [Convenience store coming to Northwestern Mutual tower, Starbucks to move - The Business Journals](https://news.google.com/rss/articles/CBMiqgFBVV95cUxNS2pUTTJnd0k5V0ZJalk3OVgwZzJ2Z1g4allnRkNibjd0b2NkMkJ3OHd5cmg5UnZQenhnRy0xM2NENjJzQnZRWHZXcUpaa0diVjlPSmd4Ui1HdVYyM2RrekpfRVRxNXA2MXIzYmR6SUdESkUwbnJiSDQtMV9PbTEzeHJWNzRtQ293dDhubDNwSFliUlJ0cVBaTWxQNU5qY3k1VWhrczJQZjF1dw?oc=5) · The Business Journals
- 2024-11-11 [Dino A. Traxel Obituary Jul 15, 2018 - maxsass.com](https://news.google.com/rss/articles/CBMiXEFVX3lxTE9VTkpKMXBPSzZJYkVuQnFiMDRiZEVXc0hUNjc5bVpsMDR0U1cwR2g5VVdrY05zZURVZnJDeGVrbWZ1bERBMkNPUmtsXzFEV0pUMjMzbThqSHBteUNu?oc=5) · maxsass.com

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=66555 (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/59.json (key "66555", 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=66555
- 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