# MARINE
La Crosse, WI · NCUA charter 66752 · asset band $1-10B · latest filing 2026-03 · live
Share link (named URL with a preview card): https://getbookiq.com/cu/marine-66752

Who the members are: state charter, organized 1949, low-income designated. 74,860 members of 6,127,640 potential (1.2% of the field); checking penetration 61% (share draft accounts per 100 members); loans per 100 members 55.

**Verdict on the desk:** this could be *liquidity-tight*. Composite score 4 of 18 (one point per flag across 17 flags, capital below 7% counted twice).

## What the filing shows

| Measure | Value |
|---|---|
| Total assets | $1.10B |
| Members | 74,860 (-0.5% YoY) |
| Full-time staff | 398 |
| Net worth | $136.9M |
| Net worth ratio | 12.4% (p75 of band) |
| ROA (annualized) | 0.90% (p66 of band) |
| Total delinquency | 1.89% (p97 of band) |
| Net charge-offs (annualized) | 0.52% (p52 of band) |
| Loans / shares | 107% (p98 of band) |
| Cash / assets | 6.9% |
| Borrowings / assets | 13.58% |
| Net interest margin | 5.54% (p100 of band) |
| Operating expense / assets | 5.90% (p100 of band) |
| Vehicles % of loans | 15% (p21 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 46% |
| Third-party paper % of net worth | 43% (p23 of band) |
| Vehicle delinquency | 1.43% (p89 of band) |
| Vehicle NCO | 3.60% (p98 of band) |
| Repossessed % of vehicle book | 0.00% (p23 of band) |
| Real estate % of loans | 70% |
| Credit cards % of loans | 0% |
| Unsecured % of loans | 3% |
| Commercial % of net worth | 1% |
| Core shares % of member funds | 53% |
| Certificates % of member funds | 26% |
| Average share balance | $5,191 |
| Participations bought / yr | $0 |
| Participations sold / yr | $0 |
| Participations outstanding | $38.5M |
| Loans outstanding per 100 members | 55% |
| Loans granted per 100 members, annualized | 32% |
| Average loan balance | $21,142 |
| Loans granted, annualized | $343.8M |

## Participation posture (from the same filings)

Bought $0 and sold $0 in the latest annualized quarter; $38.5M outstanding purchased (28.1% of net worth), $2.2M sold and retained. Sold in 5 and bought in 0 of the last 8 quarters. Shares 1.4% year over year.

## Flags firing in the latest filing

- **expense trap** (`earn_opex`)
- **delinquency 2x band** (`aq_dq_high`)
- **loans>95% of shares** (`str_ltos`)
- **leaning on borrowings** (`str_borrowings`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 5 | expense trap, delinquency 2x band, loans>95% of shares, leaning on borrowings, 3rd-party paper>100% NW |  |
| 2016-06 | 5 |  |  |
| 2016-09 | 5 |  |  |
| 2016-12 | 5 |  |  |
| 2017-03 | 5 |  |  |
| 2017-06 | 7 | net worth falling, charge-offs p90 |  |
| 2017-09 | 7 |  |  |
| 2017-12 | 6 |  | net worth falling |
| 2018-03 | 6 |  |  |
| 2018-06 | 6 |  |  |
| 2018-09 | 6 |  |  |
| 2018-12 | 4 |  | loans>95% of shares, leaning on borrowings |
| 2019-03 | 5 | loans>95% of shares |  |
| 2019-06 | 5 |  |  |
| 2019-09 | 5 | leaning on borrowings | charge-offs p90 |
| 2019-12 | 7 | net worth falling, members leaving |  |
| 2020-03 | 7 |  |  |
| 2020-06 | 10 | thin capital, losing money, margin squeeze, charge-offs p90 | members leaving |
| 2020-09 | 7 |  | net worth falling, thin capital, margin squeeze |
| 2020-12 | 6 |  | losing money |
| 2021-03 | 6 | margin squeeze | loans>95% of shares |
| 2021-06 | 5 |  | margin squeeze |
| 2021-09 | 5 |  |  |
| 2021-12 | 5 | net worth falling | 3rd-party paper>100% NW |
| 2022-03 | 5 |  |  |
| 2022-06 | 3 |  | charge-offs p90, net worth falling |
| 2022-09 | 3 |  |  |
| 2022-12 | 5 | charge-offs p90, loans>95% of shares |  |
| 2023-03 | 4 |  | charge-offs p90 |
| 2023-06 | 4 |  |  |
| 2023-09 | 4 |  |  |
| 2023-12 | 4 |  |  |
| 2024-03 | 4 |  |  |
| 2024-06 | 4 |  |  |
| 2024-09 | 4 |  |  |
| 2024-12 | 4 |  |  |
| 2025-03 | 4 |  |  |
| 2025-06 | 4 |  |  |
| 2025-09 | 4 |  |  |
| 2025-12 | 4 |  |  |
| 2026-03 | 4 |  |  |

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

- 2026-04-29 [UW Credit Union welcomes new chief financial officer - CUInsight](https://news.google.com/rss/articles/CBMimAFBVV95cUxQSWxlX2RPS0J4V0dDdWFkNzh2VVVteUtUTGEteDB5RTBUbHo0c1NZelFRWlg0SkoxdEo3LUxKNk1iSkZ1UWticV84T1VnQm9fV0Q2NVU5RVp4b242TWRVZ01IblplOVJWaE5ZYVpPZnktNXNoTV9Nem9OdXNKWFhIVzNwSmNnU0xWZWc3VXgwOUNjRmlLSF81SA?oc=5) · CUInsight
- 2026-04-09 [2026 Promotional Schedule - Kenosha Kingfish - Northwoods League](https://news.google.com/rss/articles/CBMifEFVX3lxTFB2VUFtRkpSVFJNTW8wR25NQ05PUHl4ekFfRnh5VW1lMXB3U2d6VWpxZUtVcnZMUGVFM05VeWN6SGFHaW1CdUFTUndKbXppQWRaOGNEeUtJZ0RNSms5TV9BMzA2Wl9BN3ZwN1lvS1loSEJzMHotYmxRYWJYTjQ?oc=5) · Northwoods League
- 2020-06-10 [Marine Credit Union to close 18 locations - news8000.com](https://news.google.com/rss/articles/CBMi2gFBVV95cUxOUG1ybHBQQnVuMlhFaG5zaUJQYUdDMGFKYVBBVUpjejVSWEl1ekpmaEpFLWItRm9WYmNDZ2loNzNrRVZrS1Z4TjVXMEFldmNMeTdiYUI5LUxIU2c2bzhPS243bE1CVVVBa25GRWI1X1QxUkdSWGhDVzBrakNuWVJaa204WTFEdDlnOTlLZmhrajc5VVlWQmttZUM2dW1KaFJiMk9MZkhpT0M4SHZRdFJLbTlnS2dua3VETWRfRHRmVUVrRVZfNnZObjIxeUx3Y2JnQ3B0TFFOb1Fvdw?oc=5) · news8000.com
- 2023-12-12 [Skimming scheme defrauds Wis. credit union out of nearly $100K - WISN](https://news.google.com/rss/articles/CBMipgFBVV95cUxOS3VSNDJieUdDYzZSMVNTVEJuREdDZlZHWFAtanZLNG9rM21WVnd5dEpoZHFZT1dzQmd6ZTNXd2djSC1kUGZaQWZwWHJsZWVvQjRxNk9WVUZpTXo3czFOOTh4cGJjd2xuLTlPT1ZacW9CWnNCUkFaSHNyVUJZOFpDVnJabGtxZ3ZWZWJaX2dpdVhkTzZXbFZNZTlPSFg5d3Z1aG4xbDVB?oc=5) · WISN
- 2017-08-10 [Marine Credit Union expands in southeast Wisconsin with Bank Mutual branch acquisitions - Milwaukee Journal Sentinel](https://news.google.com/rss/articles/CBMi4AFBVV95cUxPN2h2MjJJcHZ1SW92ZlhjVDQyUEV4M2RpTTZ0czBNaVFhQUlkYVB6aXlmVGE1NU1kRFVlMkgzUVhGVVM3bUFmX2JLaWZQZnJlbzFoOUE2dC01ZVNUWU9iYnlKYmtUR0V6OWltWG5CZVY2eWdHMmM3XzhCRGR5RlQwZEVUV1JoYk11RGxDMGFzcEJyOENsWHdMNV9nNEdfbjYzbnZJR2k2VC1jWTZmSjBER1FCclVvSWxMSVVYM3diUE1UNDM4cEdWSm5tLVN6TzBCQ0p4UWROYWltd1lDTDRFXw?oc=5) · Milwaukee Journal Sentinel
- 2025-01-02 [How many credit unions acquired banks in 2024? An industry M&A analysis | Credit Union Journal - American Banker](https://news.google.com/rss/articles/CBMiuwFBVV95cUxQRXVobmhmLTlwUVhUSGhzUFNydE44NGZZekt6VlJsa0E0a2cxOV9fTEgwa2tHV0dpTXIxSEI2NUxQTERjeDNLSUlfWkJ4QXdzQzJ4QU9fN2RSUjVpTmJGQmJQSmxJd3NXQ04zSXJWMDU0cC1VenNxcXM4Y3hGXzUwUTAzYzZzeGtzeWU0X2RKN1RVWjhCaUg2QVl4U0xOV01vcUVrOTR1dHFYbTFiMmR0QWtkSzI2TzlLYzJn?oc=5) · American Banker
- 2024-12-04 [Marine Credit Union announces strategic leadership transition - CUInsight](https://news.google.com/rss/articles/CBMipAFBVV95cUxPeEpqYjNEelNhYWFMeXpCWjlzalItX0ZOZU1majJtSGpzWHFzWEFCSVB2UUJWSFRGbHdjTG4wZ2Yzbm1CRVR0a3BnQkFCcktXdWhlYXBvUEhWTjNBUkJwLVB0M1VwRFh1d1NqY0pYUkRJUEM2d1hyOXRWU0xQcW1TTnhSX3lacWpkdV9JUkl5VGVZY215LUJYNWNBc3pDUVExRVh5OA?oc=5) · CUInsight
- 2023-03-17 [Cory James Kaczmarek - Coulee Cremation](https://news.google.com/rss/articles/CBMiXkFVX3lxTFBKcFVNam5NaFNZQTFjWTY1RkMxaXlJdUZ3M0Y4bUNTZjNRN2RKSDZ6RGYwRTR2ZEhoUktkUXkzaElzNkFnY1N4OTJNcTJ0U29hUVkyRmNvZ3c3NHM1UlE?oc=5) · Coulee Cremation

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=66752 (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/0.json (key "66752", 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=66752
- 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