Charter 24917 · Papillion, NE
Cobalt Federal Credit Union
Cobalt Federal Credit Union is a federally chartered credit union in Papillion, Nebraska, with $1.33 billion in assets and 115,139 members as of June 30, 2026, according to the call report it filed with NCUA. Its net worth ratio was 9.15%, well above the 7% that NCUA's rules treat as well capitalized.
Also does business as SAC FEDERAL CREDIT UNION, Cobalt Credit Union.
- Total assets
- $1.33 billion
- +0.8% in a year
- Members
- 115,139
- -1.3% in a year
- Net worth ratio
- 9.15%
- Peer median 10.79%
- Loans 60+ days late
- 0.80%
- Peer median 0.67%
- Loans outstanding
- $1.09 billion
- +9.1% in a year
- Shares and deposits
- $1.15 billion
- +0.5% in a year
- Branches
- 19
- 224 employees
- Opened
- 1946
- Federal charter
How Cobalt Federal Credit Union compares
NCUA groups credit unions by size; Cobalt Federal Credit Union is in the group with $500 million and up (759 credit unions). Its net worth ratio of 9.15% is lower than that group's median of 10.79%, and its share of loans 60 or more days past due, 0.80%, is higher than the group median of 0.67%. Loans grew 9.1% over the year to Q2 2026, against a group median of 5.3% growth.
By assets it ranks 2 of 50 credit unions headquartered in Nebraska. See all Nebraska credit unions.
Five quarters of figures
| Quarter | Assets | Members | Loans | Net worth ratio | 60+ days late |
|---|---|---|---|---|---|
| Q2 2026 | $1.33 billion | 115,139 | $1.09 billion | 9.15% | 0.80% |
| Q1 2026 | $1.33 billion | 117,031 | $1.10 billion | 8.95% | 0.69% |
| Q4 2025 | $1.32 billion | 116,118 | $1.06 billion | 8.82% | 0.84% |
| Q3 2025 | $1.31 billion | 115,753 | $1.04 billion | 8.86% | 0.85% |
| Q2 2025 | $1.32 billion | 116,627 | $996 million | 8.68% | 0.87% |
Assets Members
Who can join
The field of membership is the group a credit union is allowed to serve: people who live or work in an area, employees of certain companies, members of an association, and their families. The credit union's own website has the exact rules. On its call report it estimates its field of membership at about 1.0 million potential members. It holds NCUA's low-income designation, which lets it accept non-member deposits and raise secondary capital.
Credit unions that anyone in the US can join
Locations
NCUA's branch file lists 19 sites for Cobalt Federal Credit Union. The branch count in the figures above comes from its call report, which is filed separately, so the two can differ slightly.
- Millard Branch
15325 Weir St, Omaha, NE 68137 - Maple Branch
17020 Evans Plz, Omaha, NE 68116 - Shadow Lake HyVee Branch
11650 S 73Rd St, Papillion, NE 68046 - South Omaha Branch
4704 S 24Th St, Omaha, NE 68107 - Mid-Town HyVee Branch
8809 W Center Rd, Omaha, NE 68124 - Council Bluffs Super Saver Branch
1141 N Broadway, Council Bluffs, IA 51503 - Bellevue Branch
2204 Longo Dr, Bellevue, NE 68005 - Papillion Branch
1216 N Washington St, Papillion, NE 68046 - Plattsmouth Branch
219 S 23Rd St, Plattsmouth, NE 68048 - 31ST AMES
3161 Ames Ave, Omaha, NE 68111 - Blair Family Fare
238 S 8Th St, Blair, NE 68008 - 36Th & Q No Frills Branch
3548 Q St, Omaha, NE 68107 - Headquarters (main office)
7148 Towne Center Pkwy, Papillion, NE 68046 - Base Exchange (BX) Branch
106 Meyer Ave, Offutt Afb, NE 68113 - Old Market Branch
310 S 10 Street, Omaha, NE 68102 - Gretna Branch
11661 S. Hwy 6, Gretna, NE 68028 - Cass Court
7643 Cass St, Omaha, NE 68114 - Lincoln Traditional
2801 N 86Th St, Lincoln, NE 68507 - Dodge Branch
2575 Dodge St, Omaha, NE 68131
About these numbers
Figures come from the NCUA 5300 Call Report quarterly data for Q2 2026 (quarter ended June 30, 2026), which each credit union files itself. "60+ days late" is delinquent loans of two months or more divided by total loans. Peer medians are computed across every credit union in the same NCUA asset-size group. NCUA call report data · Methodology