# SHEBOYGAN AREA
Sheboygan, WI · NCUA charter 66616 · asset band $50-100M · latest filing 2026-03 · live
Share link (named URL with a preview card): https://getbookiq.com/cu/sheboygan-area-66616

Who the members are: state charter, organized 1954, low-income designated. 6,879 members of 572,139 potential (1.2% of the field); checking penetration 55% (share draft accounts per 100 members); loans per 100 members 33.

**Verdict on the desk:** this could be *fortress*. Composite score 1 of 18 (one point per flag across 17 flags, capital below 7% counted twice).

## What the filing shows

| Measure | Value |
|---|---|
| Total assets | $90.5M |
| Members | 6,879 (1.9% YoY) |
| Full-time staff | 19 |
| Net worth | $13.8M |
| Net worth ratio | 15.2% (p72 of band) |
| ROA (annualized) | 1.85% (p93 of band) |
| Total delinquency | 0.33% (p32 of band) |
| Net charge-offs (annualized) | -0.03% (p8 of band) |
| Loans / shares | 69% (p66 of band) |
| Cash / assets | 37.9% |
| Borrowings / assets | 0.00% |
| Net interest margin | 3.82% (p58 of band) |
| Operating expense / assets | 2.98% (p30 of band) |
| Vehicles % of loans | 45% (p55 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 54% |
| Third-party paper % of net worth | 92% (p85 of band) |
| Vehicle delinquency | 0.18% (p23 of band) |
| Vehicle NCO | 0.00% (p17 of band) |
| Repossessed % of vehicle book | 0.00% (p38 of band) |
| Real estate % of loans | 47% |
| Credit cards % of loans | 0% |
| Unsecured % of loans | 1% |
| Commercial % of net worth | 16% |
| Core shares % of member funds | 74% |
| Certificates % of member funds | 13% |
| Average share balance | $5,222 |
| Participations bought / yr | $0 |
| Participations sold / yr | $0 |
| Participations outstanding | $2.1M |
| Loans outstanding per 100 members | 33% |
| Loans granted per 100 members, annualized | 13% |
| Average loan balance | $23,075 |
| Loans granted, annualized | $19.8M |

## Participation posture (from the same filings)

Bought $0 and sold $0 in the latest annualized quarter; $2.1M outstanding purchased (15.0% of net worth), $0 sold and retained. Sold in 4 and bought in 2 of the last 8 quarters. Shares 4.3% year over year.

## Flags firing in the latest filing

- **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 | 1 | delinquency 2x band |  |
| 2017-03 | 2 | members leaving |  |
| 2017-06 | 2 | net worth falling | delinquency 2x band |
| 2017-09 | 1 |  | members leaving |
| 2017-12 | 0 |  | net worth falling |
| 2018-03 | 0 |  |  |
| 2018-06 | 1 | net worth falling |  |
| 2018-09 | 0 |  | net worth falling |
| 2018-12 | 0 |  |  |
| 2019-03 | 1 | members leaving |  |
| 2019-06 | 1 |  |  |
| 2019-09 | 1 |  |  |
| 2019-12 | 1 |  |  |
| 2020-03 | 0 |  | members leaving |
| 2020-06 | 2 | net worth falling, margin squeeze |  |
| 2020-09 | 1 |  | net worth falling |
| 2020-12 | 1 |  |  |
| 2021-03 | 2 | net worth falling |  |
| 2021-06 | 1 |  | net worth falling |
| 2021-09 | 2 | 3rd-party paper>100% NW |  |
| 2021-12 | 2 |  |  |
| 2022-03 | 1 |  | margin squeeze |
| 2022-06 | 1 |  |  |
| 2022-09 | 1 |  |  |
| 2022-12 | 1 |  |  |
| 2023-03 | 1 |  |  |
| 2023-06 | 2 | delinquency rising |  |
| 2023-09 | 2 |  |  |
| 2023-12 | 1 |  | delinquency rising |
| 2024-03 | 1 |  |  |
| 2024-06 | 1 |  |  |
| 2024-09 | 1 |  |  |
| 2024-12 | 2 | delinquency rising |  |
| 2025-03 | 1 |  | delinquency rising |
| 2025-06 | 1 |  |  |
| 2025-09 | 2 | delinquency rising |  |
| 2025-12 | 0 |  | 3rd-party paper>100% NW, delinquency rising |
| 2026-03 | 1 | delinquency rising |  |

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

- 2024-12-13 [Sheboygan Area Credit Union names new President/CEO - CUInsight](https://news.google.com/rss/articles/CBMilwFBVV95cUxPNFQtNkFYMXBSVTdSY1IwY09oaE9fdXdWLVRzMk5hdHZ6VEJSUHg3bFFrTGJ5V3FxdU13MldsTkJzMEoxRDlGV0xmQnRfc3VERWtTTHVsRnBKeVFsZE1qV1RoQTB0SnpVekxmOUFFM1hFdVo0Vmhwam9ES0NJRnFIalVITFlfZzM2Nm1wNGcydU9BRU9OTWRr?oc=5) · CUInsight
- 2025-10-15 [Sheboygan Police investigate attempted robbery at ATM - WBAY](https://news.google.com/rss/articles/CBMiiwFBVV95cUxNb1ltM3VjWnp1SEcteDRXTmFZMTRBZ0VMMVhmcFUtYXZ5dU1ZRmJ5Nk9FbjJldnlqTk1yZ1JIaFIyRnJwdWxadFJVblVaS0Z5UFNIeE5COG5MUVluaHhITld1Umo3bWRLMjdXX0Vtakc2MUtZdnMzR0syM2lENXV4MjByenFvcUUwQTFV?oc=5) · WBAY
- 2026-08-19 [Dylan Mason Shaw - legacy.com](https://news.google.com/rss/articles/CBMifkFVX3lxTE5YNExENTBrTG16bVpSNVZ6czFuRk05LWo0NE1PLUlILVhybHdUQkc0ZW9ZUWxnNUVKTW1fSnRDVGhZUnRBOFZOamVBdGplNEtrWWRoT0k5aTVsMHlJQ29KLUN5dW5tVkNPaGVpNlBOUWdJa205eC0xbENjV1lqZw?oc=5) · legacy.com
- 2022-12-03 [Marvin William Rohde - The Sheboygan Press](https://news.google.com/rss/articles/CBMiYEFVX3lxTFBLMHI5cWZSSVIycFFMcFU5d1JBLUY3YmhuVlgzV2xiR3EtRXZxckVOSEE2Qi1VQm5mbGJJRTJDR0M2eHdPQ2RjbDJ4LVpQdlZfYUhYM28yc1VZc2ctbDBVZQ?oc=5) · The Sheboygan Press
- 2023-03-31 [Candidate Q&A for SASD Board of Education | Elections - Sheboygan Sun](https://news.google.com/rss/articles/CBMi0AFBVV95cUxPUTBLS1h4SkJyVTBxRl9uclRRRE9ES09qeDZQSkk0RDRFMkF4RFhKNlhkbVdCVWVUQi1wOENnWlJnYldyZkZTZDJOWGpDYnBTeDQzMF8ySzBIZzREUDE3endFSzdTVWFBY0Utd3hmbDVOWF9iYlVRWUdkV0dpSkxzcXJ0MDBQX0RTZ2ZhOVl0bHR1anJhSllJOG1EdndhenpaYkF0Q0N4RkZiYWFlT25JRC1pa0FGVUZvcmVrZG5uS3QtaGNXcVhkR1ZHODZUSVFs?oc=5) · Sheboygan Sun
- 2013-09-12 [Tina Ertel Obituary - Sheboygan, WI - Dignity Memorial](https://news.google.com/rss/articles/CBMif0FVX3lxTE1SSjZxaHh4eC05VHE0MFRJUVJ6cEI4SW1aa2ZVVEkyYTJoVXdkdEE5VXlrU0hkbEZfVVlKSmxMbXg3eDJMMVN2bUJsSjdhR3poWVdINU5uMXd0X1B0elgwNU5NTlM5WjhSMUhTVWlnZ29TS0hhRlBNd1EwRnhkSXM?oc=5) · Dignity Memorial
- 2018-03-14 [Sheboygan County Chamber announces Next Wave Young Professionals Awards nominees - The Sheboygan Press](https://news.google.com/rss/articles/CBMi3AFBVV95cUxNUE1oZlkzaFVGUXJsNmdzTHAwRzVYdHYzc0Q5bUdPYzdYMDk2SFFLMEp0VVBOeHhIR3AwTzdld1hjZDNnVnhOTG8tMl9raVlTNU1LSU1fWXRJVkZVaXV1YVBiU3ZyOW5SdF9fNWlqVnJ5NkxESWNDbWduOTlRWE52MkNYRlRZUTFSbEJRc2JRUFFHXzU5ZjBlNlpabTNyQVBwd2xnb3I2LVNQbGtpUXhIaFJkSm5LNm1HUDlBbS1jS2RPYVFHT19FUzhBRlA2RXpEMWRLVFBZUWRNcE1N?oc=5) · The Sheboygan Press
- 2023-09-12 [Emily Lynn Renzelmann - legacy.com](https://news.google.com/rss/articles/CBMihgFBVV95cUxORENrT3l0UnZfVVpXU2dQTW5uOEFMX2lwVDZMSnk2QWhIem1mdndDU2JNQ0dfWnFnTXMtdHJKc2xONldlZl81ZGRNSHpXdE1kcndnSGdzTnBkcFp6WC1tU3F5VlNwS2tvLTMyM0V2SUN5WkpoZ25ydUJqMXlDMGVpTmFBVjdNQQ?oc=5) · legacy.com

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=66616 (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/56.json (key "66616", 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=66616
- 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