# BAXTER
Vernon Hills, IL · NCUA charter 68187 · asset band $1-10B · latest filing 2026-03 · live
Share link (named URL with a preview card): https://getbookiq.com/cu/baxter-68187

Who the members are: state charter, organized 1980. 369,985 members of 12,721,603 potential (2.9% of the field); checking penetration 78% (share draft accounts per 100 members); loans per 100 members 62.

**Verdict on the desk:** this could be *liquidity-tight*. 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 | $6.50B |
| Members | 369,985 (2.5% YoY) |
| Full-time staff | 759 |
| Net worth | $636.8M |
| Net worth ratio | 9.8% (p29 of band) |
| ROA (annualized) | 0.63% (p43 of band) |
| Total delinquency | 0.84% (p72 of band) |
| Net charge-offs (annualized) | 1.12% (p90 of band) |
| Loans / shares | 99% (p87 of band) |
| Cash / assets | 8.9% |
| Borrowings / assets | 9.54% |
| Net interest margin | 3.39% (p55 of band) |
| Operating expense / assets | 3.55% (p67 of band) |
| Vehicles % of loans | 25% (p46 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 2% |
| Third-party paper % of net worth | 5% (p11 of band) |
| Vehicle delinquency | 1.13% (p84 of band) |
| Vehicle NCO | 1.53% (p74 of band) |
| Repossessed % of vehicle book | 0.06% (p45 of band) |
| Real estate % of loans | 54% |
| Credit cards % of loans | 7% |
| Unsecured % of loans | 14% |
| Commercial % of net worth | 26% |
| Core shares % of member funds | 46% |
| Certificates % of member funds | 30% |
| Average share balance | $5,189 |
| Participations bought / yr | $0 |
| Participations sold / yr | $0 |
| Participations outstanding | $3.7M |
| Loans outstanding per 100 members | 62% |
| Loans granted per 100 members, annualized | 11% |
| Average loan balance | $22,348 |
| Loans granted, annualized | $1.74B |

## Participation posture (from the same filings)

Bought $0 and sold $0 in the latest annualized quarter; $3.7M outstanding purchased (0.6% of net worth), $11.6M sold and retained. Sold in 4 and bought in 0 of the last 8 quarters. Shares 5.4% year over year.

## Flags firing in the latest filing

- **net worth falling** (`cap_falling`)
- **loans>95% of shares** (`str_ltos`)
- **leaning on borrowings** (`str_borrowings`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 1 | expense trap |  |
| 2016-06 | 1 |  |  |
| 2016-09 | 2 | loans>95% of shares |  |
| 2016-12 | 2 |  |  |
| 2017-03 | 2 |  |  |
| 2017-06 | 2 |  |  |
| 2017-09 | 2 |  |  |
| 2017-12 | 2 |  |  |
| 2018-03 | 3 | net worth falling |  |
| 2018-06 | 4 | delinquency rising |  |
| 2018-09 | 4 | leaning on borrowings | delinquency rising |
| 2018-12 | 4 |  |  |
| 2019-03 | 1 |  | expense trap, net worth falling, leaning on borrowings |
| 2019-06 | 2 | leaning on borrowings |  |
| 2019-09 | 2 |  |  |
| 2019-12 | 2 |  |  |
| 2020-03 | 3 | net worth falling |  |
| 2020-06 | 5 | thin capital, expense trap |  |
| 2020-09 | 3 | charge-offs p90 | leaning on borrowings, net worth falling, thin capital |
| 2020-12 | 2 |  | charge-offs p90 |
| 2021-03 | 2 | thin capital | loans>95% of shares |
| 2021-06 | 1 |  | thin capital |
| 2021-09 | 1 |  |  |
| 2021-12 | 1 |  |  |
| 2022-03 | 1 |  |  |
| 2022-06 | 4 | charge-offs p90, loans>95% of shares, leaning on borrowings |  |
| 2022-09 | 4 | delinquency rising | charge-offs p90 |
| 2022-12 | 3 |  | delinquency rising |
| 2023-03 | 4 | delinquency rising |  |
| 2023-06 | 5 | charge-offs p90 |  |
| 2023-09 | 5 |  |  |
| 2023-12 | 4 |  | charge-offs p90 |
| 2024-03 | 3 |  | expense trap |
| 2024-06 | 3 |  |  |
| 2024-09 | 2 |  | delinquency rising |
| 2024-12 | 2 |  |  |
| 2025-03 | 3 | net worth falling |  |
| 2025-06 | 2 |  | net worth falling |
| 2025-09 | 2 |  |  |
| 2025-12 | 2 |  |  |
| 2026-03 | 3 | net worth falling |  |

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

- 2021-04-05 [A. Rex Johnson, founder of Baxter Credit Union, dies at 77 - Daily Herald](https://news.google.com/rss/articles/CBMipAFBVV95cUxPdV9lX01aR0VLemVka2toUENqeGg4SklzYi0zZDhXaWVQT0VUaUxNNkxId1pWNndQb2lweHM2TVVOVWdzNlNlS0VrV1pZNXgzQ01kNkhaUUhqNURtUjhsalpjdmdTQ1NhS0pUT2ZYZW0wMlpmTjg1UkNsMjNJSnhPOTdFZ2Y2NkRfS1hOLW9DQVhVWkxyOThhdFVza0pYeG9RWHZOTQ?oc=5) · Daily Herald
- 2022-10-27 [News | Credit Union Pays $41 Million for Two-Building Headquarters in Chicago Suburbs - costar.com](https://news.google.com/rss/articles/CBMiuwFBVV95cUxPVFY0ek1wU0FhZDJIVlMzSVlZZWloVW5lYlBpNlAwRVB6OTNCb21lNWpMdWVGWkZTSU1HNFJFZ0lUQVdSczRiZE9LT3p4di05M1ZpU2tQTDVvUm0ySXFfTjdFVWQ4RWtLdlVBUmZicWtNU2w2Z2hyelRDaEN5M0tNbWsteG1ycEdNU2djbWZtWFE2bFdiZEVuc1JxTG8yd0Q4UGFGYUdPeDdManp0enRvZzl3S2owclgzLVpZ?oc=5) · costar.com
- 2026-07-24 [County Board Appoints New District 9 Member, Elects Vice-Chair - Lake County, IL (.gov)](https://news.google.com/rss/articles/CBMiZEFVX3lxTE4yaFFmZ3BoZVROQ19uckt1OThEUDdPaFFaMDRyaEFVMVEtSzFtT2kxblRLeU1vYXVWZ29mSUc3WkVzdWVqU2F5NW56SC1kT09aLXltRl83bFFIdXRyMzZvMXlVMmo?oc=5) · Lake County, IL (.gov)
- 2025-03-17 [Rayland Baxter at City Winery in Chicago, IL - Loud Hailer Magazine](https://news.google.com/rss/articles/CBMimwFBVV95cUxNSlROREQzdGRtSEh4cEloNnNWbUVJbjJpWXE3djlnbDJvZVlZTnRYQ0FjYXZfR3F5SlVYaUFnRk9rWm0tM0pZdjBFYnBtb3ZvNXdNUnJlLVFRX1VodzVZaFRFN3lZWW5yQ2ZsUk4ycXYwdVB6VENUX0plRktQRjBuTHBwbFBQVmdoUWVuczNCMXhYbGNvOXpma3hhSQ?oc=5) · Loud Hailer Magazine
- 2021-04-02 [Alfred Rex Johnson Obituary Apr 2, 2021 - Haase-Lockwood & Associates Funeral Home and Crematory](https://news.google.com/rss/articles/CBMiakFVX3lxTE5CQ1NLcUJzUExKMEdaRlhpSGpJck8tRnkzM3VtX1Y0ZW9tX21pVC0wWGJpbGlIS3FzTU9CU19rRXpJTlkwOXBjRTRkd1pBTkplMktzcXFSUG42NGU0Zk93WkliZDZaYmNvOUE?oc=5) · Haase-Lockwood & Associates Funeral Home and Crematory
- 2026-08-18 [Congressman Brad Schneider Joins FHLBank Chicago for Roundtable on Housing and Financial Services Issues in Illinois’ 10th Congressional District - Morningstar](https://news.google.com/rss/articles/CBMirwJBVV95cUxOOEgwUnF0ajg5SXJWOEdfODR3MGNXZ0k1cVE4d0gzeG1hV3ZXM3FWWUJBUEd6UjNuMWw3U1lYc3poSERON1lzZ2hQYkxhbi1fOVFYbDllQ2pzWHhKTWxHczhtaEF2aDVxNXVHVVpiNFlsTEJfQ1k0bFlidnFvMjVhRi1hU1ZtX09VeE5RdVk4dVU5b3dZZ2dZczlHb1FySFMxU29MakZ2OWVEQnFGQ3hveEQ5dm1RUF9JS056VWxwdDcyaDE0ejEybDFHcHpBc2g0aW5UTGxqekFGZThHOF9YYlVjLVViTklfWlFCX2ZKY215ZEFrQW9zVTZrN0NDZlZhdTk4aU9YVmQzam1DUlRsbW5NdERSdHNsNkItMnpxMWlwY3c0djBITTE5UHk0d00?oc=5) · Morningstar
- 2025-06-03 [ModernFi CUSO Sets New Industry Standard: Credit Unions Can Now Offer $15 Million in NCUA Insurance* per Account - Business Wire](https://news.google.com/rss/articles/CBMi_gFBVV95cUxObWNka0d2R3VXQjJJbWpLdVFGN3hhbkJTWEVVLXhxX05TeFNFdVlxb1RJbGFoa3J6X0gwQmVaMV9EOUtFZElqdElkSzJnS3RwckNTblljUkRlejlIcThxcUZEWVV6ZW45aVg0NUdqdHotZjBya3lFU2JiNVp2aFhzeTVqZ1UxRm9FblFtVTdkMTZoNnpKOXpPLWY5NE9NcXhEQUZZWGVQM1VSY3I1THZadlZNYmk2ZzFPcU5mY3laNjlJQ2FSdkJxZlBZMVppRXNvcEI3bThXMUh6d0RCQk42UERoWXJNQ0NjYW44TFI3V180LU9ZMjdSYzBBQTVQUQ?oc=5) · Business Wire
- 2021-08-08 [Beverly Baxter Obituary - Bartonville, IL - Dignity Memorial](https://news.google.com/rss/articles/CBMiiAFBVV95cUxQTEQ5TzZSdzBHbkZzckFQTThYTDFMZWl1MFdaNW5peXp0R08xRjBPN19lOE9wbm4zV0J2cWFvMWp1Yk1CMEJPc21JMjdyaXB4cnU0VlBKUGM3UG50N2ozbmg4eENNVmcxdl9tX3l5dExOX1k4eS1kUlFGeW8yMWw1dVoyRlUtb0ty?oc=5) · Dignity Memorial

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=68187 (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/27.json (key "68187", 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=68187
- 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