# THE LABOR
NEENAH, WI · NCUA charter 66763 · asset band <$50M · latest filing 2019-09 · stopped filing after 2019-09 (departed; for a credit union that is almost always a merger)
Share link (named URL with a preview card): https://getbookiq.com/cu/the-labor-66763

Who the members are: state charter, organized 1984. 277 members of 3,000 potential (9.2% of the field); checking penetration 12% (share draft accounts per 100 members); loans per 100 members 42.

**Verdict on the desk:** this could be *stressed*. Composite score 5 of 18 (one point per flag across 17 flags, capital below 7% counted twice).

## What the filing shows

| Measure | Value |
|---|---|
| Total assets | $1.6M |
| Members | 277 (-8.3% YoY) |
| Full-time staff | 1 |
| Net worth | $139,567 |
| Net worth ratio | 8.5% (p10 of band) |
| ROA (annualized) | -0.73% (p7 of band) |
| Total delinquency | 1.52% (p70 of band) |
| Net charge-offs (annualized) | 0.00% (p20 of band) |
| Loans / shares | 82% (p78 of band) |
| Cash / assets | 21.4% |
| Borrowings / assets | 0.00% |
| Net interest margin | 3.41% (p47 of band) |
| Operating expense / assets | 4.14% (p67 of band) |
| Vehicles % of loans | 47% (p37 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 0% |
| Third-party paper % of net worth | 0% (p45 of band) |
| Vehicle delinquency | 3.20% (p89 of band) |
| Vehicle NCO | 0.00% (p24 of band) |
| Repossessed % of vehicle book | 0.00% (p45 of band) |
| Real estate % of loans | 43% |
| Credit cards % of loans | 3% |
| Unsecured % of loans | 7% |
| Commercial % of net worth | 0% |
| Core shares % of member funds | 44% |
| Certificates % of member funds | 39% |
| Average share balance | $3,881 |
| Participations bought / yr | $0 |
| Participations sold / yr | $0 |
| Participations outstanding | – |
| Loans outstanding per 100 members | 42% |
| Loans granted per 100 members, annualized | 15% |
| Average loan balance | $10,661 |
| Loans granted, annualized | $439,017 |

## Flags firing in the latest filing

- **thin capital** (`cap_low`)
- **losing money** (`earn_negative`)
- **delinquency 2x band** (`aq_dq_high`)
- **assets shrinking** (`shrink_assets`)
- **members leaving** (`shrink_members`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 2 | thin capital, losing money |  |
| 2016-06 | 2 |  |  |
| 2016-09 | 1 |  | losing money |
| 2016-12 | 1 |  |  |
| 2017-03 | 2 | delinquency rising |  |
| 2017-06 | 2 | net worth falling | delinquency rising |
| 2017-09 | 2 | delinquency rising | net worth falling |
| 2017-12 | 3 | assets shrinking |  |
| 2018-03 | 4 | delinquency 2x band |  |
| 2018-06 | 6 | net worth falling, losing money |  |
| 2018-09 | 5 | loan book shrinking | assets shrinking, losing money |
| 2018-12 | 1 |  | thin capital, delinquency rising, delinquency 2x band, net worth falling |
| 2019-03 | 4 | thin capital, losing money, assets shrinking, members leaving | loan book shrinking |
| 2019-06 | 4 | net worth falling, delinquency 2x band | assets shrinking, members leaving |
| 2019-09 | 5 | assets shrinking, members leaving | net worth falling |

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

- 2026-09-07 [Fuel prices at record Labor Day high in US thanks to Iran war and refinery issues - ehextra.com](https://news.google.com/rss/articles/CBMi-gFBVV95cUxPOE1XbUx0Z0dNZmpVZ1htdGRFNlIxeHpKWjdCTFhFR1BpVnFoMjNTQjJ3enhKLVJmdFV5RENCZGFta2w0WE5VN0FhcFh3RjJjTFZHeHBmZ2FxWks4c0VQd3ZmWGN1RnRManhGVU1laDFRTEw2eU4xVzNTeWtkcnhYT05RNUJXM1diek5WVDZDTkpuM1RheG5Jcl9uVjBYaF9UVE8wQVowMzF0aDRuT2tFOTBQeGlsNE5rVjl1UENtNktnQ3h2OEhwMC1mcmtvV1hpUjZRT3Qzb3FMOE1KNk8xaURScjVnRk9wdW41Vm02bmVuMGd1clVZd0xR?oc=5) · ehextra.com
- 2026-04-08 [Commercial lending by credit unions: What MD businesses should know - Maryland Daily Record](https://news.google.com/rss/articles/CBMijwFBVV95cUxOdFpWTTk4dXhFVVF5eFIwd01pWDVjNU4xcng1Z2JLMmxXczlkTnNqdjJHNzZVZmUtMDF0SEQ2dlBlbGJSRkRlOWRmUFMycl85TzlLRDhJRnAxb0N2c3ZSOURtdHk1RTFHeDEzNEQxaWYxWkVQUG5zV0QyRGdvbXhLMUlCUnE5d0t4V3dyTm9Idw?oc=5) · Maryland Daily Record
- 2026-06-03 [Longview paper mill accident kills 11 workers - NW Labor Press](https://news.google.com/rss/articles/CBMihgFBVV95cUxObjhOcElCeGhKVW1tYzU5VWFnSWJJc25kN2NoRHBBUXAzWnpaQXNVTUFnRnlhQ1JxcVg2T2NUUmxVUlFGbTRYbnlfbzZMVzk3aWl0b01EVGF0NVNEbVl3ank4X20xSG9zcEhoYkVueUNWNWFwSGx3LVVkOUFPWVRSQkVZR1h0Zw?oc=5) · NW Labor Press
- 2023-09-06 [15 steps in the unionization of banks, credit unions - American Banker](https://news.google.com/rss/articles/CBMiogFBVV95cUxNVFBHQzVuY2o2VVFsVFNGWFhvaUJtaVVFOHN2VVNKN04wNkxKTk05QnJpekFIV1hQbG1pRVVLRTNsSnU0ZlVtb0JBZ2hIMjJOa3NOUUg4RlV5UHRQa2p3OWlRT2xRUHNrS3RXeFlRYjVWTGNGUmZvemVlTHRPYXljeV9tSkpCai1HY0I0ZDJDSDZ0SDlQQTQtbDdnbjNiVGFDYlE?oc=5) · American Banker
- 2023-04-12 [Auto workers union, credit union labor negotiations appear to be faltering - GazetteXtra](https://news.google.com/rss/articles/CBMi9AFBVV95cUxOdjJkSzlFU1Y4NEVoMnBFREp5UTJUaUdtaGFyc1M3bjI0Zmo1Y2dJSW1EdkV2VFIzbXdpU05hTDVSTzFoVnlpSjZNaVZfZncxM0lzMHQwaHdVdGxFR0ZkQVQtVXBHTW1GdS1ha3dnWmROMXFLVXNrMDZqSmxDNGdqRjNLeHVzMGJvRzJLRjliSFBzWGR2OE5yaExTSm1VNEJ0V19wcW94WlRrZUJwUUswajUyT3lvSGpEc05od0NVbnlfMlhiUUk4ZFYyZWxvOVNCNmJzQlctTGgtNTJHM3FCdnlENVRuUnF1MVBkMzBuTmxhS3oy?oc=5) · GazetteXtra
- 2023-05-03 [CUNA Mutual labor dispute moves to mediation - Isthmus | Madison, Wisconsin](https://news.google.com/rss/articles/CBMigAFBVV95cUxPTFlXRktfa0Fsblk1a21vR2tUOWxhSkY0MVJ3bkNhX3N3dnliV2U3OXBLeVhoMThwVXFqMW1DendMbDBNWHQyamtpQWJxV0JteUUwOGQtUk1mQlhpN19URGItZk14bWxEYWdOUU9PczdTQXlWNk13R2FvS2o5RlllRw?oc=5) · Isthmus | Madison, Wisconsin
- 2025-09-09 [Michigan’s Labor Movement Gathers Outside Court to Demand House Republicans Follow State Constitution - MI AFL-CIO](https://news.google.com/rss/articles/CBMivwFBVV95cUxPQ0Q1Y1ZYeWZwUThYN0UwVzVOMTU0RG1JQ29PbjNCWHFhUHlDeHVGMnRMZnpQbWlsUW1rZThJaVJIY1lndmxfd3lscXdMblhjVE5vWFJ6NWM0d1NSWXF3WlVhWDBUVEcxd09ONFAwMU9yUlN2bkJLLUVaalQybldjTGNvbU5xaUY4bXpaUVVIamg3Z0lySGxXWThwcnFORy0xUjVVV2R3UzZDOV80MmtIdEtqX0YydFpQejZ5NW9Gcw?oc=5) · MI AFL-CIO
- 2026-06-25 [Westerra Credit Union tops customer satisfaction for mortgage lending in Denver - ColoradoBiz](https://news.google.com/rss/articles/CBMikwFBVV95cUxPTmhTOW5VREpObWRZVXNNTjNUNTNSUGhTeUp1aWpnYlcxa2cwb3dRNkdiYjgyMlN5Q0cwZUwyU1dVaFdKTTlINFFRM1FCT293MzJmdEdZOGFWQ1RpX3FNLXVsXzVLYjVlcncwYUZ6U2FVM3B5b0dvVWthaXFxYWZvREZOLXJ1aWo1V1RlTVJSU1dQdW8?oc=5) · ColoradoBiz

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=66763 (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/11.json (key "66763", 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=66763
- 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