# CANOPY
SPOKANE, WA · NCUA charter 11162 · asset band $200-500M · latest filing 2026-03 · live
Share link (named URL with a preview card): https://getbookiq.com/cu/canopy-11162

Who the members are: federal charter, community charter, organized 1956, low-income designated. 13,443 members of 582,123 potential (2.3% of the field); checking penetration 75% (share draft accounts per 100 members); loans per 100 members 79.

**Verdict on the desk:** this could be *stressed*. Composite score 6 of 18 (one point per flag across 17 flags, capital below 7% counted twice).

## What the filing shows

| Measure | Value |
|---|---|
| Total assets | $222.2M |
| Members | 13,443 (0.3% YoY) |
| Full-time staff | 58 |
| Net worth | $19.9M |
| Net worth ratio | 9.0% (p14 of band) |
| ROA (annualized) | -0.53% (p2 of band) |
| Total delinquency | 1.15% (p85 of band) |
| Net charge-offs (annualized) | 0.88% (p85 of band) |
| Loans / shares | 91% (p88 of band) |
| Cash / assets | 10.6% |
| Borrowings / assets | 0.00% |
| Net interest margin | 4.46% (p92 of band) |
| Operating expense / assets | 5.20% (p96 of band) |
| Vehicles % of loans | 35% (p54 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 63% |
| Third-party paper % of net worth | 200% (p81 of band) |
| Vehicle delinquency | 0.88% (p70 of band) |
| Vehicle NCO | 1.58% (p85 of band) |
| Repossessed % of vehicle book | 0.44% (p94 of band) |
| Real estate % of loans | 56% |
| Credit cards % of loans | 4% |
| Unsecured % of loans | 6% |
| Commercial % of net worth | 0% |
| Core shares % of member funds | 68% |
| Certificates % of member funds | 22% |
| Average share balance | $7,071 |
| Participations bought / yr | $0 |
| Participations sold / yr | $0 |
| Participations outstanding | $9.8M |
| Loans outstanding per 100 members | 79% |
| Loans granted per 100 members, annualized | 18% |
| Average loan balance | $16,844 |
| Loans granted, annualized | $65.3M |

## Participation posture (from the same filings)

Bought $0 and sold $0 in the latest annualized quarter; $9.8M outstanding purchased (49.1% of net worth), $595,269 sold and retained. Sold in 6 and bought in 0 of the last 8 quarters. Shares 1.1% year over year.

## Flags firing in the latest filing

- **thin capital** (`cap_low`)
- **losing money** (`earn_negative`)
- **expense trap** (`earn_opex`)
- **repo signal** (`aq_repo`)
- **assets shrinking** (`shrink_assets`)
- **3rd-party paper>100% NW** (`str_thirdparty`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 0 |  |  |
| 2016-06 | 0 |  |  |
| 2016-09 | 0 |  |  |
| 2016-12 | 0 |  |  |
| 2017-03 | 2 | net worth falling, losing money |  |
| 2017-06 | 1 | delinquency rising | net worth falling, losing money |
| 2017-09 | 2 | charge-offs p90 |  |
| 2017-12 | 0 |  | delinquency rising, charge-offs p90 |
| 2018-03 | 0 |  |  |
| 2018-06 | 0 |  |  |
| 2018-09 | 0 |  |  |
| 2018-12 | 0 |  |  |
| 2019-03 | 0 |  |  |
| 2019-06 | 0 |  |  |
| 2019-09 | 1 | delinquency rising |  |
| 2019-12 | 2 | charge-offs p90 |  |
| 2020-03 | 1 |  | charge-offs p90 |
| 2020-06 | 1 | net worth falling | delinquency rising |
| 2020-09 | 1 |  |  |
| 2020-12 | 1 |  |  |
| 2021-03 | 2 | thin capital |  |
| 2021-06 | 2 | expense trap | net worth falling |
| 2021-09 | 2 | charge-offs p90 | expense trap |
| 2021-12 | 4 | net worth falling, expense trap |  |
| 2022-03 | 3 |  | charge-offs p90 |
| 2022-06 | 3 | charge-offs p90 | net worth falling |
| 2022-09 | 3 |  |  |
| 2022-12 | 2 | loans>95% of shares | thin capital, charge-offs p90 |
| 2023-03 | 5 | thin capital, losing money, leaning on borrowings |  |
| 2023-06 | 8 | net worth falling, delinquency rising, charge-offs p90 |  |
| 2023-09 | 7 |  | net worth falling |
| 2023-12 | 8 | repo signal, 3rd-party paper>100% NW | expense trap |
| 2024-03 | 9 | delinquency 2x band |  |
| 2024-06 | 8 |  | losing money |
| 2024-09 | 6 |  | delinquency rising, delinquency 2x band |
| 2024-12 | 6 |  |  |
| 2025-03 | 5 |  | loans>95% of shares |
| 2025-06 | 6 | delinquency 2x band |  |
| 2025-09 | 7 | expense trap |  |
| 2025-12 | 5 |  | leaning on borrowings, delinquency 2x band |
| 2026-03 | 6 | losing money, assets shrinking | charge-offs p90 |

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

- 2026-03-30 [Checking your credit score could save you money - kxly.com](https://news.google.com/rss/articles/CBMixwFBVV95cUxNX3hCWURKaVdDaGNwUWc4QVJQb3BURzY1cmFkYUV1WHpCUmFMeVFWR3hMM0x5THA4U0tLSWxwVW5FVHJLQ05sOW1LSm9UWTZibC1JSmUtb1BRSEplZHpiMHhRQk5CUGZkd1hyYnFpNlVLdVJMNk5DaHdlSnJmWWJseFo4WEN0alA3RDJndEtQY05FSUNQRFlGMVZfQXdubC1BTS1WdFgxaEF4aWtLZi1yM1MweGppdGVhQld3ZTJoTVo5UC14SV9F?oc=5) · kxly.com
- 2026-06-18 [Auto loan volumes increase despite price hikes - Spokane Journal of Business](https://news.google.com/rss/articles/CBMinwFBVV95cUxNSjdEUWM5Tnl6R3dUc2kxZXN5R1o4QjFqUlc2QVRIUWp1R3Rac2d6V05pSEZadlIwT1NuRFVyUzdFV1prWDBvVVdmb05BRlZJcGtBRXIycXpBYjhSREllZ1N6eVpMbVhxVldSaXk5R2dlaThPTjFXSUVUUDJzQklnOGRhbW1UXzZwWTVvMzR4QmQtUXJmVDlkNzdxejRiX3c?oc=5) · Spokane Journal of Business
- 2026-03-30 [Best Credit Union: STCU | Best Of 2026 - inlander.com](https://news.google.com/rss/articles/CBMirgFBVV95cUxNX21XdmtOR2RIV3FnOTB0aDhyVHpuNzBuXzlSSDdFYlQ2UWtmdjN2Sm5ENTZCQzIzX0hKTm1KT0FSSEhubEFEZHdCWDFlZG9sNE53SGo1Z0pnQnZ0VUxmQzlMUlpaZ0ZXV0lHUWMyOTZGUEJnbG9fRUtvTEpQMjAxVGVoY3lmLXIteVZxeXNpTU9IbEU0LUViU0pWM0MtSl9OUU5IMzllcGtGNkhWdXc?oc=5) · inlander.com
- 2026-07-27 [Money Saving Monday: First-time homebuyer mistakes and how to avoid them - kxly.com](https://news.google.com/rss/articles/CBMi4AFBVV95cUxQRFVENnI2THBLNWxoTG5nUk9vQ0w1TkhrWVU1TkZjazdtQjZ0dlpIVlZyNE55TmZXMkMwYTBXNGV1Z2E0Mjh1Q0NlRmk4MHBrSllpVTZaSHMwLTFoUktkcXdrMmdqSTh3OW9UTENZV3FxUUdxVnRzZ0RGcEVvMVF5QWZJSFMyd2hyV0pZWE14Q2FrLUNYNGRsQ1E1TDJLRWx5RnZyN3FTeTFZTEROWG9yNDhDODg2UGpmcWtJUTdSSFJrSEwtZ19PSEJ0M1Q3VktQSno1OGRFNlF3Nk0wY3VKTw?oc=5) · kxly.com
- 2025-10-06 [2025 CU Times Luminaries Finalists: Rising Star – Credit Union - CUTimes](https://news.google.com/rss/articles/CBMinAFBVV95cUxPRWhHQzQ4NE1LNGt5bWhMVXhTcGNhcTQtR2lSRk94RFhvT01vRWlkSXd2UUtoQjc3eTBuWHpBaUd0bGZyTE83TTR0YjI4MjkwckF4R0VzSmNWdm84d1kybGNuYVJrUHVJdzRyNlVwSFp0YmdBeGowUE8zYmF1Wk1vQUlKZGVlWG8zbTRCb0I5c3VaQUstM0EwcmhQWXk?oc=5) · CUTimes
- 2026-04-08 [Best Credit Union: STCU - inlander.com](https://news.google.com/rss/articles/CBMilgFBVV95cUxNeExIY3ltRjJXNWJ3OE50RUxQaXVHY01TTTFURDhFUXhVYW1BZXFiYnJQMm9YZnhvaW1wRUo4SXVJTmZrNmo3UTVtU3B2cVNKak1EWWpNMTc3UzhHUWt6VVpvZEJCLXdXb0dTaDRHNVRkVXZubnhhQmFmREpBbjdZUFZ5d3JjZHdQa091NmJ1dW5PU092MUE?oc=5) · inlander.com
- 2025-09-25 [Parting Thoughts with Greg Hansen, Numerica Credit Union chief credit officer - Spokane Journal of Business](https://news.google.com/rss/articles/CBMivwFBVV95cUxOLVVoTElpU1hKd2RBbjRwQmY1TmpCUXhqa1ZZU3JldlJmbjNydTV5V2FPUEppVU1xY0J0Z0JwTUtackRMOE5zdWwzZEpEbDZvZGZUYUN3RURLQ2hsN0hqbGF1b1hQQTdfOVBOZHd3eXJMSEtMUmwtYTZOTnNObkpmUEhhVGF3cThtUUJKNXk5bTVaTDhZNHNZSkdyUFNKS3FUc2hkTWxNaWZtQy1mWFBJNUt6NGFpU2x0ZjlIRW4zUQ?oc=5) · Spokane Journal of Business
- 2022-08-30 [Best Credit Unions to Work For 2022 - American Banker](https://news.google.com/rss/articles/CBMijAFBVV95cUxOcm9zTEJkQ0FYOHVjRENIMDBVQ241cnE3MG9Ha0Z2NDFyVXRQRDZPd0t5RUk1aENLTWNzTHBtY3R0dTdhRUw0UTROU2ZDcU5sa0NrTHdzUzZhSW1zRlpnQlAtdGhZalctYlktZTFrRlUyZXFsLUFQTVNpWDlucFlJZDBsdUx0UkVKcXBJLQ?oc=5) · American Banker

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=11162 (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/26.json (key "11162", 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=11162
- 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