# SOUTHERN LAKES
KENOSHA, WI · NCUA charter 66707 · asset band $100-200M · latest filing 2026-03 · live
Share link (named URL with a preview card): https://getbookiq.com/cu/southern-lakes-66707

Who the members are: state charter, organized 1935, low-income designated. 9,683 members of 2,983,500 potential (0.3% of the field); checking penetration 46% (share draft accounts per 100 members); loans per 100 members 44.

**Verdict on the desk:** this could be *auto monoline*. Composite score 3 of 18 (one point per flag across 17 flags, capital below 7% counted twice).

## What the filing shows

| Measure | Value |
|---|---|
| Total assets | $113.2M |
| Members | 9,683 (-2.2% YoY) |
| Full-time staff | 25 |
| Net worth | $10.9M |
| Net worth ratio | 9.6% (p23 of band) |
| ROA (annualized) | 0.93% (p65 of band) |
| Total delinquency | 0.86% (p67 of band) |
| Net charge-offs (annualized) | 0.06% (p16 of band) |
| Loans / shares | 68% (p46 of band) |
| Cash / assets | 21.6% |
| Borrowings / assets | 0.00% |
| Net interest margin | 4.33% (p84 of band) |
| Operating expense / assets | 4.40% (p75 of band) |
| Vehicles % of loans | 73% (p95 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 45% |
| Third-party paper % of net worth | 209% (p86 of band) |
| Vehicle delinquency | 0.83% (p64 of band) |
| Vehicle NCO | 0.08% (p20 of band) |
| Repossessed % of vehicle book | 0.07% (p76 of band) |
| Real estate % of loans | 21% |
| Credit cards % of loans | 0% |
| Unsecured % of loans | 2% |
| Commercial % of net worth | 5% |
| Core shares % of member funds | 66% |
| Certificates % of member funds | 6% |
| Average share balance | $6,178 |
| Participations bought / yr | $0 |
| Participations sold / yr | $0 |
| Participations outstanding | $539,113 |
| Loans outstanding per 100 members | 44% |
| Loans granted per 100 members, annualized | 8% |
| Average loan balance | $16,209 |
| Loans granted, annualized | $23.6M |

## Participation posture (from the same filings)

Bought $0 and sold $0 in the latest annualized quarter; $539,113 outstanding purchased (4.9% of net worth), $0 sold and retained. Sold in 0 and bought in 0 of the last 8 quarters. Shares 4.5% year over year.

## Flags firing in the latest filing

- **net worth falling** (`cap_falling`)
- **3rd-party paper>100% NW** (`str_thirdparty`)
- **auto monoline** (`str_vehicle`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 3 | thin capital, 3rd-party paper>100% NW, auto monoline |  |
| 2016-06 | 3 |  |  |
| 2016-09 | 3 |  |  |
| 2016-12 | 3 |  |  |
| 2017-03 | 4 | net worth falling |  |
| 2017-06 | 4 | losing money | net worth falling |
| 2017-09 | 5 | delinquency rising |  |
| 2017-12 | 3 |  | losing money, delinquency rising |
| 2018-03 | 4 | delinquency rising |  |
| 2018-06 | 4 | net worth falling | delinquency rising |
| 2018-09 | 4 |  |  |
| 2018-12 | 3 |  | net worth falling |
| 2019-03 | 3 |  |  |
| 2019-06 | 4 | delinquency rising |  |
| 2019-09 | 3 |  | delinquency rising |
| 2019-12 | 3 |  |  |
| 2020-03 | 4 | members leaving |  |
| 2020-06 | 4 | net worth falling | members leaving |
| 2020-09 | 4 |  |  |
| 2020-12 | 6 | margin squeeze, delinquency rising |  |
| 2021-03 | 6 |  |  |
| 2021-06 | 6 |  |  |
| 2021-09 | 7 | delinquency 2x band |  |
| 2021-12 | 6 |  | margin squeeze |
| 2022-03 | 9 | capital below 7%, losing money |  |
| 2022-06 | 7 |  | net worth falling, losing money |
| 2022-09 | 4 |  | delinquency rising, capital below 7% |
| 2022-12 | 3 |  | delinquency 2x band |
| 2023-03 | 5 | delinquency 2x band, assets shrinking |  |
| 2023-06 | 5 |  |  |
| 2023-09 | 6 | members leaving |  |
| 2023-12 | 4 |  | thin capital, members leaving |
| 2024-03 | 3 |  | delinquency 2x band |
| 2024-06 | 3 |  |  |
| 2024-09 | 3 |  |  |
| 2024-12 | 2 |  | assets shrinking |
| 2025-03 | 2 |  |  |
| 2025-06 | 2 |  |  |
| 2025-09 | 3 | members leaving |  |
| 2025-12 | 3 |  |  |
| 2026-03 | 3 | net worth falling | members leaving |

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

- 2025-07-08 [Southern Lakes welcomes two industry veterans - CUInsight](https://news.google.com/rss/articles/CBMijwFBVV95cUxPQk1ScW4xYTA1RFR4VDlaSVhtRUhyb3BUczBTcDl4SU9sSW53eThWb2tvUFQ4VEhNLVlITE5HYlgtaDJLMFNObkNmM0Vnem11eUJnN29zbWw2YlBmV0tsQUF4SGxZV2VHb2xmaFRhbDVxRUhPWTFKR3NNTHhSVTR4WktYOG9KSWJvWkRreEt5UQ?oc=5) · CUInsight
- 2022-03-14 [Southern Lakes Credit Union names John Lyon as their new President/CEO - CUInsight](https://news.google.com/rss/articles/CBMisAFBVV95cUxPQjQ4NFhIaDNialctVlFvZlg4Nm5ydk55VUkybXBKNHpuZVVjMktEWTlOSHFxd1ZkaWRFdVM0SXBWY1NxMHZHTWNhZXZJd3ptLVZDMXFnYUFGb2FWel9iSG42UVBBWnRaTWtLVk51dXRpNGFuT0JDSEJ5b0NKUHlnckJDUnBaSEQ4UUpNcy1ERFV4ZEVjRVZuZ19ySTlGUHJ0WTRGOG5pdVhYWTR2SXNHNg?oc=5) · CUInsight
- 2026-06-07 [Susan L. Greig Obituary Jun 7, 2026 - Haase-Lockwood & Associates Funeral Home and Crematory](https://news.google.com/rss/articles/CBMiZkFVX3lxTE1NLTVYY1JhbHZvbF84YllfRldWdWVhaFRuUDBlNk44dDFySnBzdkhYRFFFVk9SdXlkNVdpazVwRTlwRGkxMmVNYm9meGdqU25fUjdkZmxqZ3V3R0cybjUzSU5Fbi15QQ?oc=5) · Haase-Lockwood & Associates Funeral Home and Crematory
- 2026-07-10 [Susan Louise Greig, 77, of Elkhorn – Obituary - Racine County Eye](https://news.google.com/rss/articles/CBMifkFVX3lxTE5VM3JJTDZCc0VEMGpPNjBJekNYV2YzSnczQnRWUWtjSjN4XzB3OTBKZVo4aHhKTkJHcVd3LVROcFBzUENFdkQtQzZVRXVLNTdyQVIxZ2o3cmE0NWZqdE5IcjJ3T0hwa3lQQlpRTk1kTU9ITTBfenhWb05yUWp4Zw?oc=5) · Racine County Eye
- 2021-12-27 [Richard A. "Dick" Carbonneau Obituary & Funeral | Racine, WI - Maresh-Meredith & Acklam Funeral Home](https://news.google.com/rss/articles/CBMigAFBVV95cUxONGZEdjFFMmFlamdXUXNqQmpETXBSNWMxRVQ0cFBPU0haNTdzR1BKRDNtWDgxX1Nfb3hpUTRYYU1FVW4zZlFWTmliTDFKN1ZCOGNHeXhNaG8yMDZFUndjT213ZC1DMU5USGhncTlYU3BsU2x5UElxdm85bENVSFNXQQ?oc=5) · Maresh-Meredith & Acklam Funeral Home
- 2024-10-11 [Beloit Memorial girls swim team navigating Southern Lakes Conference - Beloit Daily News](https://news.google.com/rss/articles/CBMi7gFBVV95cUxNUEdOZGtvZnB4eGkzeDBMZUwxZDJwZjJmYS1oUUo4MkNkV0treDF0dS1ROGZnOWZVSWV5am9QT2s2Nzdwb0xnelMtakZVaTNOZU02czhaV0xMTzlGLTJsb0FYeDRHZjZNQmhZdFN0dURnS09qLTJEalV2UEZ2eFEtZE1KWG14VVNwWVVtUWxYQ3BIWlNMcks5bEdzX2dfalpfdkVEUEJUbmtULXFDaWZYbEVsOHBwYmU1bjJjRG1RWktlSjFsVmRoRmdmbEdxRXRNT3JGWjNJY29QMUhuNEZWLTc2OURVcFp1bUVRSHdB?oc=5) · Beloit Daily News
- 2025-04-23 [Marion Reuter Obituary (1929 - 2025) - Kenosha, WI - Kenosha News - Legacy obituary](https://news.google.com/rss/articles/CBMikgFBVV95cUxPcllZVkczVVFubEp3SEcxYWZ0ZXpNRDFvaFNkTzBxSDJUX0hRVDNNN1ZrVDlnRzRMNy1ZZnBVampkTjBidzdRWnR4NWVFSkRJcVppVFZCMEpnRVB5TWVpN2wtYzBHbDNON25feXM1N21ycDZfVW9PY3ZBU1EzSWdBaTJiSWY3LUtEUGlmRGZibWwtdw?oc=5) · Legacy obituary
- 2019-04-25 [2019 Promo Schedule NOW AVAILABLE! - Kenosha Kingfish - Northwoods League](https://news.google.com/rss/articles/CBMilgFBVV95cUxOaHNGem95UDF0aDVtd2hfRHM5SW1lUmF5X1hUTUVmSnhNTVJWc1VMNGNwVE13NXA4YUd0MC1EcldSUXNjSlJtaFd6OG5CS3czOUNUb3pNcGFxMEk3eXRuVVFJMnVHOUpEVElSaUxQNUt4S29LVDFBVkN6aG1hajZmRWgxd09UY2ZrREdud1hERmdoVjY1WUE?oc=5) · Northwoods League

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=66707 (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/19.json (key "66707", 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=66707
- 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