# BREWERY
MILWAUKEE, WI · NCUA charter 66637 · asset band $50-100M · latest filing 2026-03 · live
Share link (named URL with a preview card): https://getbookiq.com/cu/brewery-66637

Who the members are: state charter, organized 1934, low-income designated. 7,674 members of 1,000,000 potential (0.8% of the field); checking penetration 45% (share draft accounts per 100 members); loans per 100 members 58.

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

## What the filing shows

| Measure | Value |
|---|---|
| Total assets | $58.1M |
| Members | 7,674 (-5.0% YoY) |
| Full-time staff | 23 |
| Net worth | $13.7M |
| Net worth ratio | 23.5% (p98 of band) |
| ROA (annualized) | 0.09% (p17 of band) |
| Total delinquency | 4.21% (p100 of band) |
| Net charge-offs (annualized) | 2.48% (p98 of band) |
| Loans / shares | 81% (p85 of band) |
| Cash / assets | 10.9% |
| Borrowings / assets | 0.00% |
| Net interest margin | 4.88% (p94 of band) |
| Operating expense / assets | 6.21% (p96 of band) |
| Vehicles % of loans | 27% (p25 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 40% |
| Third-party paper % of net worth | 28% (p71 of band) |
| Vehicle delinquency | 2.75% (p94 of band) |
| Vehicle NCO | 4.96% (p99 of band) |
| Repossessed % of vehicle book | 0.00% (p38 of band) |
| Real estate % of loans | 61% |
| Credit cards % of loans | 6% |
| Unsecured % of loans | 11% |
| Commercial % of net worth | 1% |
| Core shares % of member funds | 55% |
| Certificates % of member funds | 14% |
| Average share balance | $3,252 |
| Participations bought / yr | $0 |
| Participations sold / yr | $0 |
| Participations outstanding | $117,857 |
| Loans outstanding per 100 members | 58% |
| Loans granted per 100 members, annualized | 9% |
| Average loan balance | $7,942 |
| Loans granted, annualized | $5.8M |

## Participation posture (from the same filings)

Bought $0 and sold $0 in the latest annualized quarter; $117,857 outstanding purchased (0.9% of net worth), $0 sold and retained. Sold in 0 and bought in 0 of the last 8 quarters. Shares -6.3% year over year.

## Flags firing in the latest filing

- **expense trap** (`earn_opex`)
- **delinquency 2x band** (`aq_dq_high`)
- **delinquency rising** (`aq_dq_rising`)
- **charge-offs p90** (`aq_nco_high`)
- **assets shrinking** (`shrink_assets`)
- **members leaving** (`shrink_members`)
- **loan book shrinking** (`shrink_loans`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 2 | expense trap, delinquency 2x band |  |
| 2016-06 | 2 |  |  |
| 2016-09 | 2 |  |  |
| 2016-12 | 4 | charge-offs p90, loans>95% of shares |  |
| 2017-03 | 2 |  | charge-offs p90, loans>95% of shares |
| 2017-06 | 3 | charge-offs p90 |  |
| 2017-09 | 6 | losing money, assets shrinking, loans>95% of shares |  |
| 2017-12 | 4 |  | losing money, assets shrinking |
| 2018-03 | 4 | assets shrinking | charge-offs p90 |
| 2018-06 | 4 | net worth falling | assets shrinking |
| 2018-09 | 2 |  | delinquency 2x band, net worth falling |
| 2018-12 | 4 | delinquency 2x band, charge-offs p90 |  |
| 2019-03 | 1 |  | loans>95% of shares, delinquency 2x band, charge-offs p90 |
| 2019-06 | 2 | loans>95% of shares |  |
| 2019-09 | 2 | delinquency 2x band | loans>95% of shares |
| 2019-12 | 2 |  |  |
| 2020-03 | 4 | margin squeeze, delinquency rising |  |
| 2020-06 | 5 | net worth falling, charge-offs p90 | delinquency rising |
| 2020-09 | 5 |  |  |
| 2020-12 | 3 |  | delinquency 2x band, net worth falling |
| 2021-03 | 2 |  | charge-offs p90 |
| 2021-06 | 1 |  | margin squeeze |
| 2021-09 | 2 | delinquency 2x band |  |
| 2021-12 | 3 | delinquency rising |  |
| 2022-03 | 4 | charge-offs p90 |  |
| 2022-06 | 4 |  |  |
| 2022-09 | 5 | loans>95% of shares |  |
| 2022-12 | 5 | net worth falling | delinquency rising |
| 2023-03 | 3 |  | loans>95% of shares, net worth falling |
| 2023-06 | 3 | loans>95% of shares | delinquency 2x band |
| 2023-09 | 3 | delinquency 2x band | loans>95% of shares |
| 2023-12 | 3 |  |  |
| 2024-03 | 3 |  |  |
| 2024-06 | 5 | delinquency rising, members leaving |  |
| 2024-09 | 4 |  | delinquency rising |
| 2024-12 | 6 | assets shrinking, loan book shrinking |  |
| 2025-03 | 6 |  |  |
| 2025-06 | 7 | losing money |  |
| 2025-09 | 7 | delinquency rising | losing money |
| 2025-12 | 6 |  | assets shrinking |
| 2026-03 | 7 | assets shrinking |  |

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

- 2026-06-25 [La Crosse craft brewery offers chance to win Megadeth tickets at Friday release party - news8000.com](https://news.google.com/rss/articles/CBMijgJBVV95cUxOWlBFd0d5Z2lOeWQ3cnZhbzFRdUpDLWhtaHl1UnJzUW51N0FmWnRQenRoRzMxUDZJdnRNbGNvOGtpR1lURHYyRzlVZnhWcEhjNWg2Y2cyLTZvLVFkWU9jYW9ib0d6UG1HazM0ajdBcXE4ZU51Nlg4TF9adERXSkYwalJ0ejBnbk41NEZDYWI5OEc1cWw2SmVxRmZIY0t5Q3Z1QWdZR0ZKU20zdjZPSl9sV3F6cmNXRFB5enh2OUhzRFdPZVdoWnJUN21nRHc2WGVLYWxNWTlNS2pTU1oxcnFOVWNXLWF0TC1CeDFuakpYVjdEZHFXRGtfTkxRel9aUzdoTEZhWTQ4V25RLWRjNXc?oc=5) · news8000.com
- 2025-07-23 [Brewery Credit Union planning to open another branch in Milwaukee - BizTimes - Milwaukee Business News](https://news.google.com/rss/articles/CBMikAFBVV95cUxPRWxZaTRGSEpUMHFIcEotUlJNM3dJQTc3MzYtSGJLYk04SjhGQU1YTGhUT1pIazFvZWk1TFhGVkJJeTBjTjAzUEtHajhxdl9xd182cDBYVUdTYk1GQl8yWElNZzAydTNKaUw5TG8xQ0hnb3FOdlJSMGlBdWRuSHhOMm1oSDdhMkx4d3l4YUhwTXg?oc=5) · BizTimes - Milwaukee Business News
- 2026-03-25 [Better Together is the Key to Business for Frankenmuth Credit Union - tuscolatoday.com](https://news.google.com/rss/articles/CBMi5gFBVV95cUxPWHNYUlFIai1KejNndzAzRnU5REJEbHJCQnE2OF9aMHAtYnhUd3pfWERDQzVQaEM2d25nQjU1ak90V09JWFc5Wmg2aWVqaldJazRCOF95TFhISEh6NEJYd3JBbUJvVkFmV3g0RFZHY0lTOENIdmVpSS1MY0JCMkFkQTdBZ2Nualg3d3pKUHVNaGUzQXhnbXd0dl9zQkxobXczZ2R3SURwTzgxamJJS3VLSDVnTFM5ZUNUbmhNdlJENXdoR3M0V1RiQ3k4QzFZdEpsRGNqcjE0ejRjR0Z1ejFoX0NzMFdhUQ?oc=5) · tuscolatoday.com
- 2026-07-29 [State Fair gets three exclusive dough-inspired beers this year - OnMilwaukee](https://news.google.com/rss/articles/CBMiXEFVX3lxTFB6SHVRLXlWUzlCLUhVa0hsNWpJTjBrWWMzN1BUVm5MZUgxZDBVdWlBUWVmZXdkZWt6RjduN3RlV003bWhYQU1KaWJTVjJ6R2Z6ZjdmV0hGVTFnQTds?oc=5) · OnMilwaukee
- 2025-07-23 [Brewery Credit Union Opening Third Milwaukee Location - Urban Milwaukee](https://news.google.com/rss/articles/CBMijAFBVV95cUxNWDV1NWxCVlhpMTZHbEFfakFLeXdmdmFzVmlKY2t1bVJvb1FpVWlfajI5ODNmUVFqaW0wOWNJbGU5MUdNMG1vc2dqcnM0Z2lVczF0VDhYREh1aDdSTWctOGkyZ25veUt6ZWljQjRnVmpPN0VNUnVRNXhiVVFhVlQwQW0zVjRNajE5TlhLYQ?oc=5) · Urban Milwaukee
- 2025-07-24 [New tenant eyes former Associated Bank office - The Business Journals](https://news.google.com/rss/articles/CBMiogFBVV95cUxPNTFKMXM0SUNVM1BmNFV3QXJ3UHlwVVpLYzZVejdzQU1QNmxiLV81QURJN1UxQlp4NmlHbHNHRjJiQVc5c09XZGVwdzhwLW84S1NBU3dMc3RwdTJnRlUyWTVWSFhvVkdZZEw0R295Y1F1eUxTQlBmWU42WlgzNTF3UU5YQUdnaFJWOThrWUpKdng3bUh0VVpNTGxhOThxb3hwZlE?oc=5) · The Business Journals
- 2026-05-23 [James Joseph Schrimpf Obituary May 14, 2026 - legacy.com](https://news.google.com/rss/articles/CBMiV0FVX3lxTFBUcUFqYnZHWGU2aXpENkhEcFRWRGJGVktNdTRkVC1ZZmZsS2xlSW9MWnFFUGNCX3RseFhqX1pVSG5rZ1BQNzNqdGJFZEliU2xKcmFaSm9WQQ?oc=5) · legacy.com
- 2026-06-12 [Burnsville's Trove Brewing files for bankruptcy, remains open while restructuring - The Business Journals](https://news.google.com/rss/articles/CBMiowFBVV95cUxOUUljd0ZSVzZlNkdrS1pGallRNlZQUVNfQV9FNGdLRDNFalFiSGNiZTVVQVo0cUlLYXBwYzFzbE4xUXNPTDYwYVFLSGdLS2dUb01kMG5zU3RlZy1BY0RzWmdOSUQyektDNk5IX2Z2X2prMEhTdE04ajFxVmVBSmxiR0xZQnp3WV84NlhaRVpNckdYd3pWdTZrUnAzS2k4VG5RajNJ?oc=5) · The Business Journals

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=66637 (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/13.json (key "66637", 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=66637
- 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.

---
Rendered 2026-09-10 from the desks' own data files. Full guide: https://getbookiq.com/guide