# SALT CREEK
Westchester, IL · NCUA charter 68036 · asset band <$50M · latest filing 2016-09 · stopped filing after 2016-09 (departed; for a credit union that is almost always a merger)
Share link (named URL with a preview card): https://getbookiq.com/cu/salt-creek-68036

Who the members are: state charter, organized 1960. 2,258 members of 40,000 potential (5.6% of the field); checking penetration 10% (share draft accounts per 100 members); loans per 100 members 50.

**Verdict on the desk:** this could be *stressed*. Composite score 6 of 18 (one point per flag across 17 flags, capital below 7% counted twice).

## What the filing shows

| Measure | Value |
|---|---|
| Total assets | $8.0M |
| Members | 2,258 (– YoY) |
| Full-time staff | 1 |
| Net worth | $462,007 |
| Net worth ratio | 5.8% (p1 of band) |
| ROA (annualized) | -1.27% (p6 of band) |
| Total delinquency | 2.14% (p75 of band) |
| Net charge-offs (annualized) | 2.03% (p94 of band) |
| Loans / shares | 38% (p22 of band) |
| Cash / assets | 17.8% |
| Borrowings / assets | 0.00% |
| Net interest margin | 3.18% (p59 of band) |
| Operating expense / assets | 4.19% (p72 of band) |
| Vehicles % of loans | 37% (p30 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 0% |
| Third-party paper % of net worth | 0% (p45 of band) |
| Vehicle delinquency | 1.12% (p65 of band) |
| Vehicle NCO | 2.55% (p96 of band) |
| Repossessed % of vehicle book | 0.00% (p44 of band) |
| Real estate % of loans | 31% |
| Credit cards % of loans | 6% |
| Unsecured % of loans | 31% |
| Commercial % of net worth | 0% |
| Core shares % of member funds | 100% |
| Certificates % of member funds | 0% |
| Average share balance | $2,562 |
| Participations bought / yr | $0 |
| Participations sold / yr | $0 |
| Participations outstanding | – |
| Loans outstanding per 100 members | 50% |
| Loans granted per 100 members, annualized | 12% |
| Average loan balance | $2,578 |
| Loans granted, annualized | $1.7M |

## Flags firing in the latest filing

- **thin capital** (`cap_low`)
- **capital below 7%** (`cap_critical`)
- **losing money** (`earn_negative`)
- **delinquency 2x band** (`aq_dq_high`)
- **charge-offs p90** (`aq_nco_high`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 6 | thin capital, capital below 7%, losing money, delinquency 2x band, charge-offs p90 |  |
| 2016-06 | 5 |  | charge-offs p90 |
| 2016-09 | 6 | charge-offs p90 |  |

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

- 2017-12-26 [Remembering the Credit Unions We Lost in 2017 - cutoday.info](https://news.google.com/rss/articles/CBMihgFBVV95cUxNZDhaZEtnc0h3TWR6ZHBmd2NSX0d0YVdaTk0zQWx4T3RFYjRkSngzWGFiWGlXVjhOZHdTaXJ2c3FxTEtmRmRObmZ1Q243TG8xeDdBM1E0UndiaTFjVkNVN1JraDV0bnFfVkg1ZndoUGo4QXNxLWlKMkpYeXpZZHg1U0VvR3hnZw?oc=5) · cutoday.info
- 2021-10-17 [Alex Bartsch Obituary (2005) - Arlington Heights, IL - Daily Herald - Legacy obituary](https://news.google.com/rss/articles/CBMikAFBVV95cUxOeXJDWVNVNDJ1SC15VHNVWHpaTjRGLThxNnk3dG9oSU5Gd0RyZEtwZThCOUg0OXMzUGlITHRjaWhoS0Q3b3RyaVhBN256enFrclJGYlhvYWNQNGVjTUw3anlqS3U1cVNHaWtTUVJMUVNuVDloaFpwVVVFX25JdWdJQjZ4Um9kYWQtR0RYbDhqc2M?oc=5) · Legacy obituary
- 2025-04-18 [Fresh Tracks: Billy Strings and Bryan Sutton Go “Way Downtown” - Blue Ridge Outdoors Magazine](https://news.google.com/rss/articles/CBMioAFBVV95cUxOdzZ3dWI2SFNsQk1TTlNla3Z0XzlDS1VZamZzSS0yenhjNUMzeDB2Sm5iT19lV1RISHJ6c0hPbS1xV1d1TklGcmE3STMweklPVmJpT3NydWVUekJzUGxpZzdFWUFncHNrRGRyY1Q5aGZHUEM4anNwbllEN2tiSjhoTEExdU9ER3JCN00wbkhHMHlTd2szakFGalJrTUxMTkNh?oc=5) · Blue Ridge Outdoors Magazine

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=68036 (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/4.json (key "68036", 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=68036
- 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