# NORTHERN REDWOOD
Arcata, CA · NCUA charter 10362 · asset band <$50M · latest filing 2026-03 · live
Share link (named URL with a preview card): https://getbookiq.com/cu/northern-redwood-10362

Who the members are: federal charter, community charter, organized 1955, low-income designated. 3,167 members of 7,500 potential (42.2% of the field); checking penetration 29% (share draft accounts per 100 members); loans per 100 members 36.

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

## What the filing shows

| Measure | Value |
|---|---|
| Total assets | $24.5M |
| Members | 3,167 (-1.1% YoY) |
| Full-time staff | 6 |
| Net worth | $1.9M |
| Net worth ratio | 7.7% (p5 of band) |
| ROA (annualized) | -1.80% (p7 of band) |
| Total delinquency | 1.21% (p66 of band) |
| Net charge-offs (annualized) | 1.01% (p86 of band) |
| Loans / shares | 54% (p45 of band) |
| Cash / assets | 43.3% |
| Borrowings / assets | 0.00% |
| Net interest margin | 3.71% (p42 of band) |
| Operating expense / assets | 4.81% (p76 of band) |
| Vehicles % of loans | 78% (p80 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 52% |
| Third-party paper % of net worth | 264% (p99 of band) |
| Vehicle delinquency | 1.03% (p65 of band) |
| Vehicle NCO | 0.95% (p86 of band) |
| Repossessed % of vehicle book | 0.65% (p98 of band) |
| Real estate % of loans | 5% |
| Credit cards % of loans | 2% |
| Unsecured % of loans | 9% |
| Commercial % of net worth | 2% |
| Core shares % of member funds | 61% |
| Certificates % of member funds | 31% |
| Average share balance | $5,430 |
| Participations bought / yr | $0 |
| Participations sold / yr | $0 |
| Participations outstanding | $54,805 |
| Loans outstanding per 100 members | 36% |
| Loans granted per 100 members, annualized | 4% |
| Average loan balance | $10,746 |
| Loans granted, annualized | $3.8M |

## Participation posture (from the same filings)

Bought $0 and sold $0 in the latest annualized quarter; $54,805 outstanding purchased (2.9% of net worth), $0 sold and retained. Sold in 0 and bought in 0 of the last 8 quarters. Shares 2.8% year over year.

## Flags firing in the latest filing

- **thin capital** (`cap_low`)
- **net worth falling** (`cap_falling`)
- **losing money** (`earn_negative`)
- **repo signal** (`aq_repo`)
- **loan book shrinking** (`shrink_loans`)
- **3rd-party paper>100% NW** (`str_thirdparty`)
- **auto monoline** (`str_vehicle`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 3 | thin capital, 3rd-party paper>100% NW, auto monoline |  |
| 2016-06 | 3 |  |  |
| 2016-09 | 3 |  |  |
| 2016-12 | 4 | net worth falling |  |
| 2017-03 | 4 | repo signal | net worth falling |
| 2017-06 | 3 |  | repo signal |
| 2017-09 | 4 | delinquency rising |  |
| 2017-12 | 3 |  | delinquency rising |
| 2018-03 | 4 | delinquency rising |  |
| 2018-06 | 4 |  |  |
| 2018-09 | 5 | repo signal |  |
| 2018-12 | 5 |  |  |
| 2019-03 | 4 |  | repo signal |
| 2019-06 | 4 | repo signal | delinquency rising |
| 2019-09 | 4 |  |  |
| 2019-12 | 4 | delinquency rising | repo signal |
| 2020-03 | 3 |  | delinquency rising |
| 2020-06 | 5 | net worth falling, repo signal |  |
| 2020-09 | 4 |  | repo signal |
| 2020-12 | 5 | margin squeeze |  |
| 2021-03 | 5 | repo signal | margin squeeze |
| 2021-06 | 7 | capital below 7% |  |
| 2021-09 | 3 |  | net worth falling, repo signal, capital below 7% |
| 2021-12 | 3 |  |  |
| 2022-03 | 4 | repo signal |  |
| 2022-06 | 5 | delinquency rising, assets shrinking | repo signal |
| 2022-09 | 4 |  | delinquency rising |
| 2022-12 | 6 | delinquency rising, repo signal, loans>95% of shares | assets shrinking |
| 2023-03 | 5 | losing money | delinquency rising, loans>95% of shares |
| 2023-06 | 5 | assets shrinking | losing money |
| 2023-09 | 3 |  | thin capital, repo signal |
| 2023-12 | 5 | members leaving, loan book shrinking |  |
| 2024-03 | 7 | thin capital, net worth falling |  |
| 2024-06 | 6 | delinquency rising, repo signal | assets shrinking, loan book shrinking, net worth falling |
| 2024-09 | 7 | delinquency 2x band, loan book shrinking | members leaving |
| 2024-12 | 8 | net worth falling |  |
| 2025-03 | 4 |  | delinquency rising, repo signal, delinquency 2x band, loan book shrinking |
| 2025-06 | 7 | delinquency 2x band, delinquency rising, repo signal, assets shrinking, loan book shrinking | thin capital, net worth falling |
| 2025-09 | 6 | thin capital, members leaving | delinquency 2x band, delinquency rising, assets shrinking |
| 2025-12 | 6 | net worth falling | members leaving |
| 2026-03 | 7 | losing money |  |

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

- 2019-11-07 [Suspect Sought in Arcata Credit Union Robbery - North Coast Journal](https://news.google.com/rss/articles/CBMinAFBVV95cUxOVml2SGRueFBuZDh0VGxCbzFIQzVCUjAyZWNtc29tWU9rR1BtVkRWd1QwV2hhUmVaZjlNRjdjbXZ4RThaNHlOcG9HTnBWNHItVlR6ZHNzQS14eTlWb2dHYUVQTTRBdHJWbUYzeUVvS0x6VDNEQWc2Ujgyem9ZYzZUU2J4QzdDY1g4Z0pGeXlrSXlqdEV0akx0MXZSR0k?oc=5) · North Coast Journal
- 2025-01-06 [OBITUARY: Doris Elaine Benge, 1937-2024 - Lost Coast Outpost](https://news.google.com/rss/articles/CBMihAFBVV95cUxOd3c4OEdZNS04NWN1aV9yODhGVEZKeUE4bHAzN09PdG5ybXBsVVhUZFFqa1EtVXNkb3FqWHFzT0hBRFF0eUJPMURfdkJ3WUR1SXBkOFlmT3RWVnFlMEhBX0lZNGJPYmRkQjlzcVRDdVIwNHlTUzdtNnI4QVdtM1UxcXJ6UlQ?oc=5) · Lost Coast Outpost
- 2024-11-08 [Suspect wanted in 2021 bank robbery case found in Maryland - Times-Standard](https://news.google.com/rss/articles/CBMiowFBVV95cUxOdEM5bWpkVUlkMXhzZ3JDZ0xTbzRhWU1KTFpGdHhMdHVrZk9XcjRtNUFQdm1xYmZEbDlsd3phTzNXM1l5c3c4MU4yakpReGtOamxDVEFSZjBaOGpwdllSY0tMUS16bEtxWEwxZ3VTbDI4RmJMY28wdHlDX21vdEo2M0dwZGdSVWlrMHFVNmttVFVBZWlkRkRmVUVKaEh5ZlV0R0d3?oc=5) · Times-Standard

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=10362 (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/58.json (key "10362", 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=10362
- 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