# VERVE, A CREDIT UNION
Oshkosh, WI · NCUA charter 66777 · asset band $1-10B · latest filing 2026-03 · live
Share link (named URL with a preview card): https://getbookiq.com/cu/verve-a-credit-union-66777

Who the members are: state charter, organized 1938, low-income designated. 63,183 members of 8,949,966 potential (0.7% of the field); checking penetration 79% (share draft accounts per 100 members); loans per 100 members 50.

**Verdict on the desk:** this could be *participation buyer*. Composite score 0 of 18 (one point per flag across 17 flags, capital below 7% counted twice).

## What the filing shows

| Measure | Value |
|---|---|
| Total assets | $1.59B |
| Members | 63,183 (2.1% YoY) |
| Full-time staff | 256 |
| Net worth | $153.5M |
| Net worth ratio | 9.7% (p26 of band) |
| ROA (annualized) | 0.59% (p41 of band) |
| Total delinquency | 0.36% (p22 of band) |
| Net charge-offs (annualized) | 0.38% (p32 of band) |
| Loans / shares | 84% (p43 of band) |
| Cash / assets | 4.8% |
| Borrowings / assets | 4.52% |
| Net interest margin | 3.04% (p32 of band) |
| Operating expense / assets | 2.96% (p36 of band) |
| Vehicles % of loans | 14% (p19 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 0% |
| Third-party paper % of net worth | 25% (p18 of band) |
| Vehicle delinquency | 1.01% (p78 of band) |
| Vehicle NCO | 1.19% (p60 of band) |
| Repossessed % of vehicle book | 0.01% (p24 of band) |
| Real estate % of loans | 34% |
| Credit cards % of loans | 2% |
| Unsecured % of loans | 4% |
| Commercial % of net worth | 295% |
| Core shares % of member funds | 45% |
| Certificates % of member funds | 24% |
| Average share balance | $8,794 |
| Participations bought / yr | $11.2M |
| Participations sold / yr | $48.6M |
| Participations outstanding | $216.0M |
| Loans outstanding per 100 members | 50% |
| Loans granted per 100 members, annualized | 13% |
| Average loan balance | $36,605 |
| Loans granted, annualized | $342.4M |

## Participation posture (from the same filings)

Bought $11.2M and sold $48.6M in the latest annualized quarter; $216.0M outstanding purchased (140.7% of net worth), $81.2M sold and retained. Sold in 8 and bought in 4 of the last 8 quarters. Shares 2.6% year over year.

## Flags firing in the latest filing

- none

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 1 | loans>95% of shares |  |
| 2016-06 | 1 |  |  |
| 2016-09 | 1 |  |  |
| 2016-12 | 2 | leaning on borrowings |  |
| 2017-03 | 1 |  | leaning on borrowings |
| 2017-06 | 1 |  |  |
| 2017-09 | 3 | net worth falling, leaning on borrowings |  |
| 2017-12 | 2 |  | net worth falling |
| 2018-03 | 2 |  |  |
| 2018-06 | 2 |  |  |
| 2018-09 | 2 |  |  |
| 2018-12 | 1 |  | leaning on borrowings |
| 2019-03 | 2 | leaning on borrowings |  |
| 2019-06 | 1 |  | leaning on borrowings |
| 2019-09 | 1 | leaning on borrowings | loans>95% of shares |
| 2019-12 | 0 |  | leaning on borrowings |
| 2020-03 | 2 | margin squeeze, leaning on borrowings |  |
| 2020-06 | 4 | thin capital, net worth falling |  |
| 2020-09 | 3 |  | net worth falling |
| 2020-12 | 3 |  |  |
| 2021-03 | 4 | net worth falling, members leaving | margin squeeze |
| 2021-06 | 2 |  | net worth falling, members leaving |
| 2021-09 | 1 |  | thin capital |
| 2021-12 | 1 |  |  |
| 2022-03 | 1 |  |  |
| 2022-06 | 2 | assets shrinking |  |
| 2022-09 | 1 |  | assets shrinking |
| 2022-12 | 2 | net worth falling |  |
| 2023-03 | 4 | losing money, delinquency rising |  |
| 2023-06 | 4 | margin squeeze | net worth falling |
| 2023-09 | 3 | assets shrinking | delinquency rising, margin squeeze |
| 2023-12 | 3 |  |  |
| 2024-03 | 2 |  | assets shrinking |
| 2024-06 | 3 | net worth falling |  |
| 2024-09 | 2 |  | losing money |
| 2024-12 | 1 |  | net worth falling |
| 2025-03 | 1 |  |  |
| 2025-06 | 1 |  |  |
| 2025-09 | 1 |  |  |
| 2025-12 | 1 |  |  |
| 2026-03 | 0 |  | leaning on borrowings |

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

- 2024-04-12 [Verve selects Mitch Kime as Chief Growth Officer - CUInsight](https://news.google.com/rss/articles/CBMikwFBVV95cUxPNWJhUHc3Qkthd0cyN2FxQjhQYW5vaFNJcEVDLUFpNkNNcjFUb2YzdGphaWtENHl5amlWc1Y2M19pM1NtcFN3X2pzQnVqNFZUNFptSUo2RmZLSF83NTZFdEZkaFVabm83QXlFVGJRV1g5eVd4SXNnZ0Fac0tzV0h1NWxfRFluTTRPa3lWWnBBNUU5cmc?oc=5) · CUInsight
- 2025-11-07 [New VP Matt Loranger to oversee risk and compliance at Verve - Oshkosh Northwestern](https://news.google.com/rss/articles/CBMiywFBVV95cUxORVR2RFhfRlpSaW5VU25CU0hmSXpyaW5vdFNNWFA4RW5QLWg0bGp1Z3otOUdQNndFV24wbzZZSnFsVV8xZU83YWRpblc1d0dOckN6cmFFS1NmTGRXSnhVLW1BOS1UYXhaMlZ5QWRmVHZPLVFZdmVMekYwMjd3VzN3N2pzX20zNkd2X19MSUl2OWUyeEtjNjA3dkpoZHE4dGZxaElDRGNLQWp0NFJ4MVJEZWVfZE4wVXV1dGNuaTFtVVZ1UTM1OVRERkxLQQ?oc=5) · Oshkosh Northwestern
- 2023-11-06 [LAST CALL is over! And oh my gosh, there IS a Santa Claus! - WBAY](https://news.google.com/rss/articles/CBMiigFBVV95cUxNQ2R2WW1oQkhMcDZrZjR5cW1qVnZYd2w2cVFmN3VvZzdka2xGX2h5aFAwU3ZqVGFKd0E0WWpqQWxqNV9rajZINEtLczBFVVNtdTRBeU0xVEN6Y3VQTUdmWUZ5R05wYzE1SVJhY0tSbHNnMXkyZWRpV1IzaWgyT0UtM3JhVFZYN0Q4MWc?oc=5) · WBAY
- 2024-12-07 [Nikolay Michael Krupp Obituary Dec 7, 2024 - Konrad-Behlman Funeral Homes](https://news.google.com/rss/articles/CBMiZkFVX3lxTFBBT2hUc1Ytalh2Y2pIWEtaRlNTeVV1TEp1NElEeUxGQUtMNmpyZ3FqZ2RRbml0b2pPZDJHTUo3dGw5NTY4WUpOUWF3S3RtQzRPbTYtc09mc29mYVdtSU9uVEZyR1FMUQ?oc=5) · Konrad-Behlman Funeral Homes
- 2026-03-05 [Candidates Brian Borchardt and Scott Becher battle for Neenah mayor - The Post-Crescent](https://news.google.com/rss/articles/CBMi5gFBVV95cUxNOGkzbGRnX0RoZ1VtVUlrRUs2TDZyQ183VDMyUEVFWV9xbDZ5ZlJlMUozOFhMRDdFeDR0WWxQVjYyakhsTDBzdndlWmctb0N2NWN4Mzg0bHBlbTNncmdZeXJNNVR4MkRfTkl3dHgyNjM0X1RrLThaNnJ6cmRWdmd4VllxRXlDakdpUlA3Ny02RzZxTFBXNG9pZjhIYjV2aWpaQzM3Rnk5Mm5aX2g3WlBQSUszZEtNWHpqREtUTTYtd1NfaFEzSFk5ZGY1MG5PWnFRT0tTSjVkVXNteEtKUXVPVmd1RXV1UQ?oc=5) · The Post-Crescent
- 2026-03-11 [Verve gift boosts major expansion at historic Grand Oshkosh - Oshkosh Northwestern](https://news.google.com/rss/articles/CBMi6AFBVV95cUxNc19oT192b1Axa1E5bUlza0NINmthX21VN0o4MWhHcVp0M2E5a0dvT1RLR2dxSXUzRklRRGJXdnZLZ3RWRHV0OVRWMkNrTGc5VGtRc1V5UlhPYXJ4eTU2UnFVQmlaNm5SMVJoZlpabENZWC1IRFYtbnJWZUZfem0tVFdvVjU2ZVB6U0gySmU1UXc2Yzh5enh6azV1Vk5VeGZ6RXY4VzJpZmVWaU5VRlMwdThjNmlCSTZELVl5SVRrdHotYkhmazlkMkdmNExTSzNTSmYtNlliOW9oYzU1aWxiM19Mb3hrYlg1?oc=5) · Oshkosh Northwestern
- 2022-03-10 [Natasha Ann Friestrom Obituary Nov 29, 2020 - wichmannfuneralhomes.com](https://news.google.com/rss/articles/CBMieEFVX3lxTE9LbDhjY0lRanRwdkpwU3NjekVwYmE1LU9aWEREWVkyMUJxLU9uMU1lRFR2ckRzdEZuYVdWYnhheWllR1dxcy1RYm5ZZ3BteHQ0STJZQzV5STNSeVEzd0lpcnlTUWFielFKcURJWll5MGRBZGhRSWFlYg?oc=5) · wichmannfuneralhomes.com
- 2021-10-19 [Christina M. Loof Obituary Oct 19, 2021 - ueckerwitt.com](https://news.google.com/rss/articles/CBMiZEFVX3lxTE9FOEtZblBaRU1nRzJZQlRzV3h1bFZ1eGJCb2pBTW5WU09SZWlzTHN2SU1uVTVfTTE4NC1YeVpRN294ZEIzZnVnZk5GRkJEeGJsVVlOVWVnRmxXNS1VOFB2eHd1N24?oc=5) · ueckerwitt.com

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=66777 (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/25.json (key "66777", 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=66777
- 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