# MINNEQUA WORKS
Pueblo, CO · NCUA charter 68240 · asset band $200-500M · latest filing 2026-03 · live
Share link (named URL with a preview card): https://getbookiq.com/cu/minnequa-works-68240

Who the members are: state charter, organized 1937, low-income designated. 12,837 members of 145,000 potential (8.8% of the field); checking penetration 58% (share draft accounts per 100 members); loans per 100 members 56.

**Verdict on the desk:** this could be *liquidity-rich*. 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 | $273.9M |
| Members | 12,837 (4.4% YoY) |
| Full-time staff | 45 |
| Net worth | $34.6M |
| Net worth ratio | 12.7% (p69 of band) |
| ROA (annualized) | 0.12% (p12 of band) |
| Total delinquency | 0.87% (p72 of band) |
| Net charge-offs (annualized) | 1.07% (p90 of band) |
| Loans / shares | 48% (p6 of band) |
| Cash / assets | 21.2% |
| Borrowings / assets | 0.00% |
| Net interest margin | 2.91% (p13 of band) |
| Operating expense / assets | 3.29% (p33 of band) |
| Vehicles % of loans | 34% (p51 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 57% |
| Third-party paper % of net worth | 72% (p48 of band) |
| Vehicle delinquency | 2.34% (p96 of band) |
| Vehicle NCO | 2.24% (p93 of band) |
| Repossessed % of vehicle book | 0.25% (p88 of band) |
| Real estate % of loans | 33% |
| Credit cards % of loans | 3% |
| Unsecured % of loans | 9% |
| Commercial % of net worth | 70% |
| Core shares % of member funds | 42% |
| Certificates % of member funds | 31% |
| Average share balance | $9,520 |
| Participations bought / yr | $16.8M |
| Participations sold / yr | $0 |
| Participations outstanding | $32.1M |
| Loans outstanding per 100 members | 56% |
| Loans granted per 100 members, annualized | 15% |
| Average loan balance | $16,179 |
| Loans granted, annualized | $58.8M |

## Participation posture (from the same filings)

Bought $16.8M and sold $0 in the latest annualized quarter; $32.1M outstanding purchased (92.7% of net worth), $0 sold and retained. Sold in 0 and bought in 8 of the last 8 quarters. Shares 7.6% year over year.

## Flags firing in the latest filing

- **net worth falling** (`cap_falling`)
- **delinquency rising** (`aq_dq_rising`)
- **charge-offs p90** (`aq_nco_high`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 1 | delinquency 2x band |  |
| 2016-06 | 2 | charge-offs p90 |  |
| 2016-09 | 2 |  |  |
| 2016-12 | 2 |  |  |
| 2017-03 | 2 | members leaving | charge-offs p90 |
| 2017-06 | 2 | repo signal | delinquency 2x band |
| 2017-09 | 2 | delinquency 2x band | members leaving |
| 2017-12 | 0 |  | repo signal, delinquency 2x band |
| 2018-03 | 0 |  |  |
| 2018-06 | 0 |  |  |
| 2018-09 | 0 |  |  |
| 2018-12 | 1 | delinquency 2x band |  |
| 2019-03 | 2 | members leaving |  |
| 2019-06 | 1 |  | delinquency 2x band |
| 2019-09 | 1 |  |  |
| 2019-12 | 1 |  |  |
| 2020-03 | 1 |  |  |
| 2020-06 | 2 | net worth falling |  |
| 2020-09 | 2 |  |  |
| 2020-12 | 2 |  |  |
| 2021-03 | 3 | margin squeeze |  |
| 2021-06 | 1 |  | members leaving, margin squeeze |
| 2021-09 | 1 | members leaving | net worth falling |
| 2021-12 | 2 | delinquency rising |  |
| 2022-03 | 1 |  | delinquency rising |
| 2022-06 | 1 |  |  |
| 2022-09 | 1 |  |  |
| 2022-12 | 1 |  |  |
| 2023-03 | 1 |  |  |
| 2023-06 | 1 |  |  |
| 2023-09 | 2 | delinquency rising |  |
| 2023-12 | 1 |  | members leaving |
| 2024-03 | 1 | net worth falling | delinquency rising |
| 2024-06 | 1 | delinquency rising | net worth falling |
| 2024-09 | 1 |  |  |
| 2024-12 | 0 |  | delinquency rising |
| 2025-03 | 0 |  |  |
| 2025-06 | 1 | delinquency rising |  |
| 2025-09 | 0 |  | delinquency rising |
| 2025-12 | 1 | delinquency rising |  |
| 2026-03 | 3 | net worth falling, charge-offs p90 |  |

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

- 2024-02-09 [Announcement of Minnequa Works Credit Union Chief Lending Officer, Jeremiah Arellano - CUInsight](https://news.google.com/rss/articles/CBMiwgFBVV95cUxOTk1tZ0lTWnJyTFVkLUxaa2FMam9OZElYeUdFMF9OT1c1dkRaaE9ueGhHTUZVaHVYalo2Y000S041Zi1McmRqQ2trUHI2dU9ERklfTFJlZTBCeFJnTFVUQXV2VEpYNmZWek1FTWlNLTQ4X0JRWmlEVHpkbHpiSGNJM1NrVWZBbC1PaG01VTdFQ2JpeW9fQURTNTNSUlBhX01SWUFCcG1RUndqbDVILXQwNk53U3NQMGxYSkc4ajMxSnNIZw?oc=5) · CUInsight
- 2023-01-29 [Let's talk Pueblo business: Minnequa Works Credit Union celebrates remodel - Pueblo Chieftain](https://news.google.com/rss/articles/CBMiugFBVV95cUxPd1dBT2dDaERkMl80ZDlGLU9DYTdsaFlXb2RZcUsxSVhCNjNOVjhnREYwYkU1V202WEV6VnlDWGt3blVFeGVKamlmb1BJRFY2WmtyOFY0dUJnUWVwaHZVUndFZE00eWN6NTNqcmtkX1BOaVJOQ1FCUHM4MmxFODdiNVJocGlTVlU1bFFPWEZlVnJ6d2JtRGk1ZS0xTjByZTNoUmNSZlJydmN1QXEtVVllT2kwMlhDeUxfdVE?oc=5) · Pueblo Chieftain
- 2026-03-30 [Nancy Krall Obituary - Pueblo, CO - Dignity Memorial](https://news.google.com/rss/articles/CBMifkFVX3lxTE5qU0hWMzJqMmhHMmVsZUJLRXd1Mk9nbUdWVUVnbkZGVVczY0JQdE84dzJYZC1sRTRCOGVPdWpwNl9BRUR2Rl84X3lGZ0dNeVVkcjBPcURyMU5fSHFNSEU5MEJ2dXhfSkhBZmRIUDdHcHRMX21PNFplTEt6aEU1Zw?oc=5) · Dignity Memorial
- 2012-02-05 [Generations of Puebloans tied to Minnequa Works Credit Union - Pueblo Chieftain](https://news.google.com/rss/articles/CBMinwFBVV95cUxPY2ItYW9pX3NFYVMyZFEzTGZCQ1h4NnBFVEdpSnF3Q1hPLVlLbjJGU3JTYW4ycE5DQXgtN1ZRcVB6R1BldFJMNmdENXd6SjJfeHVmbHF1bE43TzBZelZtZWhqdUxsWGlpREliY1RlT2FYS3pFZTN4U1VHQmJ1SW9PeTc2WW1hTlhtb2E4bTFjMEtockNhM25SYjZlQll6WFU?oc=5) · Pueblo Chieftain
- 2025-02-10 [Donna Taylor Obituary (2025) - Mitchell, SD - Bittner Funeral Chapel - Mitchell - legacy.com](https://news.google.com/rss/articles/CBMigAFBVV95cUxOMFNESDFJVFFRX2R6blBKVGpHbmY1VXI4R0ZtSWc4QjMxcXB3NmhWZjFjbEVkbk5uejBjMW1RbHJWTG9wX3h2ZjJrWHlBN1F0ZktyXzBNMk5XYWg4RkR3Y3FBb2dzMmw5REZFUXM0TkVzdHVVTmlUb2EwamVIbi1pTA?oc=5) · legacy.com
- 2024-09-16 [Let's Talk Business: New medical offices and a credit union branch open in Pueblo - Pueblo Chieftain](https://news.google.com/rss/articles/CBMizwFBVV95cUxOS0UtbEwydzFoWGczbi1iVW5RTU9kVjRlZHZRZWRnTzFlSHQ1ekhVZGI4Rm8zY3RZN0c5dWFLSlFBYW1iQkVZaTUtakpEN0FQdTY3VTJEUGpNcGJzckktdG5ZbjZMZnliMVY5OGNseHJlQ1ZELXI5VHpaOFFYU2lkN214LUxWaHN2OEtwa19ISldWWVpMZVBnZDJNei1vVlZuR1JvSjEyQk1ZblBzNGxfUy1BbWdpSnpMSm52MEJaMnpnM0JvMFhQN0c5RlhHRGc?oc=5) · Pueblo Chieftain
- 2018-03-18 [Tyler Mahoney Obituary - Pueblo, CO - Dignity Memorial](https://news.google.com/rss/articles/CBMif0FVX3lxTE8zWndmS0YydFZvM2d3S2FtdGVRT3pBSTJBMUJkdEtEWU1WdHNDWWZ6ckdITWlsZ19tUE5CWktWUVNGWVd4MFIzREFEQ2UwNG5CR2xkNGh1MzNyeVdYbF90cDBidU5RRmpCdVZpTFNsQTlJLUtXeTNjajVxaXZwMmM?oc=5) · Dignity Memorial
- 2024-03-31 [Let's talk business in Pueblo: Downtown beautification, chamber awards, job fair and more - Pueblo Chieftain](https://news.google.com/rss/articles/CBMiwgFBVV95cUxOUTdfd2VOUk9UOWxUMWdjR043TE4wT1llbW5GdWoyNUpJLWxZNUVqdnZIY2VZT3g3VElYV3VNN3J0S0lMS2h5dkowVFBZNkJBMUpxWGRzNFFuYnQxY1FTY2VMSGdnVTZKTlZhODFsZmRYUzhuWHhrM3ljMVlzQXJRMVFRS1M3Z3R4RGNvbnIxcnhtNGxLa1U4cU4yRzFNNnBrcTFpTkRTRkRNMl91X2JzMWMtRFJka2ZtTzdiYzVxZ0FxUQ?oc=5) · Pueblo Chieftain

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=68240 (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/16.json (key "68240", 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=68240
- 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