# EMBARK
Great Falls, MT · NCUA charter 1104 · asset band $100-200M · latest filing 2022-06 · stopped filing after 2022-06 (departed; for a credit union that is almost always a merger)
Share link (named URL with a preview card): https://getbookiq.com/cu/embark-1104

Who the members are: federal charter, community charter, organized 1936, low-income designated. 9,809 members of 100,000 potential (9.8% of the field); checking penetration 60% (share draft accounts per 100 members); loans per 100 members 62.

**Verdict on the desk:** this could be *liquidity-rich*. Composite score 2 of 18 (one point per flag across 17 flags, capital below 7% counted twice).

## What the filing shows

| Measure | Value |
|---|---|
| Total assets | $134.8M |
| Members | 9,809 (-1.9% YoY) |
| Full-time staff | 27 |
| Net worth | $15.2M |
| Net worth ratio | 11.3% (p68 of band) |
| ROA (annualized) | 0.33% (p31 of band) |
| Total delinquency | 0.82% (p83 of band) |
| Net charge-offs (annualized) | 0.17% (p64 of band) |
| Loans / shares | 57% (p40 of band) |
| Cash / assets | 25.7% |
| Borrowings / assets | 0.00% |
| Net interest margin | 2.48% (p50 of band) |
| Operating expense / assets | 3.38% (p66 of band) |
| Vehicles % of loans | 47% (p65 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 0% |
| Third-party paper % of net worth | 0% (p15 of band) |
| Vehicle delinquency | 0.08% (p20 of band) |
| Vehicle NCO | 0.30% (p72 of band) |
| Repossessed % of vehicle book | 0.00% (p35 of band) |
| Real estate % of loans | 31% |
| Credit cards % of loans | 2% |
| Unsecured % of loans | 6% |
| Commercial % of net worth | 1% |
| Core shares % of member funds | 72% |
| Certificates % of member funds | 5% |
| Average share balance | $6,299 |
| Participations bought / yr | $0 |
| Participations sold / yr | $0 |
| Participations outstanding | – |
| Loans outstanding per 100 members | 62% |
| Loans granted per 100 members, annualized | 14% |
| Average loan balance | $11,272 |
| Loans granted, annualized | $36.9M |

## Flags firing in the latest filing

- **delinquency 2x band** (`aq_dq_high`)
- **delinquency rising** (`aq_dq_rising`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 2 | losing money, repo signal |  |
| 2016-06 | 2 |  |  |
| 2016-09 | 4 | net worth falling, charge-offs p90 |  |
| 2016-12 | 2 |  | repo signal, net worth falling |
| 2017-03 | 0 |  | losing money, charge-offs p90 |
| 2017-06 | 1 | net worth falling |  |
| 2017-09 | 0 |  | net worth falling |
| 2017-12 | 1 | delinquency rising |  |
| 2018-03 | 0 |  | delinquency rising |
| 2018-06 | 0 |  |  |
| 2018-09 | 0 |  |  |
| 2018-12 | 1 | delinquency rising |  |
| 2019-03 | 1 | charge-offs p90 | delinquency rising |
| 2019-06 | 0 |  | charge-offs p90 |
| 2019-09 | 0 |  |  |
| 2019-12 | 0 |  |  |
| 2020-03 | 2 | net worth falling, delinquency rising |  |
| 2020-06 | 1 |  | delinquency rising |
| 2020-09 | 1 | margin squeeze | net worth falling |
| 2020-12 | 1 |  |  |
| 2021-03 | 2 | delinquency 2x band |  |
| 2021-06 | 1 |  | delinquency 2x band |
| 2021-09 | 2 | delinquency rising |  |
| 2021-12 | 1 |  | delinquency rising |
| 2022-03 | 1 | losing money | margin squeeze |
| 2022-06 | 2 | delinquency 2x band, delinquency rising | losing money |

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

- 2021-11-17 [Embark Credit Union in Great Falls merging with Horizon Credit Union - montanarightnow.com](https://news.google.com/rss/articles/CBMi9AFBVV95cUxOOTNrUFlHZ0p5blpQZ3VQUk1iX0VMZTRLZlpFcVFCclVWQTJZdERiVVZqMlppeUlLVjZPRlFwSW16TWVvNkNab01XaEFMT0VEZGtFQU15X3JtY2ExV3QtZE8zNTRoeW5FRjFabDBjWWJkclN4MkFCTGtkSm9sRlo4THptTnFQYThqUFBIN0xqaXN5TjFkLTBVUFd1VU1qWklwUGNTRUtuYnV2aU9rdGhqWFZkbXVFVEQ1YWZwTlpiR01PWnVWV0szR1RXRkJlb2lyc0tnTEtHajVqNUM1b2p6MDNPTVFTNVl3V1otRGh6U0xqZVdy?oc=5) · montanarightnow.com
- 2024-02-01 [Mergers are usually on the Horizon - Spokane Journal of Business](https://news.google.com/rss/articles/CBMihAFBVV95cUxNcXZ0ejkwQlBTVEFKZVhlTUNVWHU0dHphYTNNY1BfcmhfVFVvT2pmRl80WkRPNzROMnc5QXVzTUVzYndSVVZJcFhUNjQ4S21JSDVDbVV1d19mUURKM296RHpnQ3I3Y0FiQmEtQkV6YW9pT2dkVmRId284WWJRNW9uTGQzQ24?oc=5) · Spokane Journal of Business
- 2022-08-02 [Merger That Crossed State Lines is Now Complete - cutoday.info](https://news.google.com/rss/articles/CBMikwFBVV95cUxNejBXWl8tQzZ5alRzOEZqOVNkNUFtZ2JTVnZGeGlzS0h6OXlqNVlvdzBmNzFJTjEwQW9vTGY1ZllFc1hiOHBBSjU3TWpLZVlPeC1jUF9BTks4WDNZX3BULWRUbW0taTBqZldWNGtMR2diRW14R05iak4tY0hqMG4xYWlHR3E1ZnJoanp2WDk0MzdkVzA?oc=5) · cutoday.info
- 2014-06-04 [Great Falls and Montana Business Briefs - Great Falls Tribune](https://news.google.com/rss/articles/CBMiowFBVV95cUxNbjJZQ0F4empzQjQxWHhIc1B2TG9ESVVWVmltNjY3WnNsT294d0dWVFFoQS1HeXJvNDY3ZmRGX0FIM1BaWml0OXNQcmcwcWVNdDVwempLX0pELWw3OHZwaEFmMkZyTUtBZWExSGVlc1JKLW4zMlVmbHd6TnJvSXZyN1hNT2VHZVFLVGlxeGw1cGNXZUxqRkF0X2w0WXlYTFdWekFV?oc=5) · Great Falls Tribune
- 2021-11-17 [Horizon, Great Falls-based credit unions to combine - Spokane Journal of Business](https://news.google.com/rss/articles/CBMimgFBVV95cUxPeDJ0S2RIZUFTbVpPY0oxY29BRU9CYkVIelFfVGtTUEhRc1lqcElqd1VLOWxSNE1ocVNhazNFU0hJWUVvcHpncFh2OGZwNTV6YnpYTEdTblpuQjBiRzNtcGpXWUNycl9UdE5pMWQ2RnJtYU5jdHNZYmotajNOUUZMb2tBUUJNekZ2dG4yNDdYQ3JtMl9zUW1JdVFn?oc=5) · Spokane Journal of Business
- 2024-05-22 [Aggies Embark to Fayetteville for NCAA West First Round - New Mexico State University Athletics](https://news.google.com/rss/articles/CBMitgFBVV95cUxNdEZ4QUs3czd6LVliTVExeVp4VHFoX081QWFiWmk1VXdmd0ZFeEtmTzNReUsyQjhYaFp5YldMaTRFMFhDQ2hVTEdITVRldThqUE5iQndUMVZrdGVwT1d2S1RuTEx2ckdFWnJjTW5oYUo5OG54TkN3dWdUMDRYZkJHUTJ3Z3dYbkpKaEFPM2oyZ2M0MVRJdjNOQW9FRGxpYXUtajVDZV80RGh0SGhqUlA0ZHZjQmtmUQ?oc=5) · New Mexico State University Athletics
- 2025-03-21 [Michael Diekhans Obituary May 1, 2016 - Schnider Funeral Home](https://news.google.com/rss/articles/CBMicEFVX3lxTFBsZm1BWU5XTENjZFNxbzNidENPeGpLeF9aMTJSdWEwSzlxaXV4Y3hWSFp1UGp5NU9STGxyTVZOWG1DNlJFaWVXRlJqVzRGcWg3dkR1VnppaDJ3Nlp4Mnl6LXhFQWo5VFk4SWVuaERBZDU?oc=5) · Schnider Funeral Home
- 2021-12-02 [Business Bites: New Starbucks location; thrift store closing; Rainbow International open in new location; First Command’s new location; Falls Print Works has moved; UP 12 days of giveaways; Embark merging; Citizens Alliance new branch open; Malone nam - theelectricgf.com](https://news.google.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?oc=5) · theelectricgf.com

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=1104 (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 "1104", 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=1104
- 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