# KIRTLAND
ALBUQUERQUE, NM · NCUA charter 12199 · asset band $1-10B · latest filing 2026-03 · live
Share link (named URL with a preview card): https://getbookiq.com/cu/kirtland-12199

Who the members are: federal charter, multiple common bond, organized 1958, low-income designated. 50,782 members of 150,000 potential (33.9% of the field); checking penetration 43% (share draft accounts per 100 members); loans per 100 members 71.

**Verdict on the desk:** this could be *indirect buyer*. Composite score 1 of 18 (one point per flag across 17 flags, capital below 7% counted twice).

## What the filing shows

| Measure | Value |
|---|---|
| Total assets | $1.11B |
| Members | 50,782 (-2.5% YoY) |
| Full-time staff | 160 |
| Net worth | $135.0M |
| Net worth ratio | 12.2% (p73 of band) |
| ROA (annualized) | 0.52% (p33 of band) |
| Total delinquency | 0.79% (p67 of band) |
| Net charge-offs (annualized) | 1.10% (p88 of band) |
| Loans / shares | 73% (p19 of band) |
| Cash / assets | 7.9% |
| Borrowings / assets | 0.00% |
| Net interest margin | 3.35% (p53 of band) |
| Operating expense / assets | 3.04% (p40 of band) |
| Vehicles % of loans | 33% (p66 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 70% |
| Third-party paper % of net worth | 161% (p57 of band) |
| Vehicle delinquency | 1.59% (p92 of band) |
| Vehicle NCO | 3.69% (p98 of band) |
| Repossessed % of vehicle book | 0.17% (p78 of band) |
| Real estate % of loans | 57% |
| Credit cards % of loans | 5% |
| Unsecured % of loans | 8% |
| Commercial % of net worth | 0% |
| Core shares % of member funds | 44% |
| Certificates % of member funds | 28% |
| Average share balance | $11,028 |
| Participations bought / yr | $0 |
| Participations sold / yr | $0 |
| Participations outstanding | $71.7M |
| Loans outstanding per 100 members | 71% |
| Loans granted per 100 members, annualized | 5% |
| Average loan balance | $19,361 |
| Loans granted, annualized | $145.2M |

## Participation posture (from the same filings)

Bought $0 and sold $0 in the latest annualized quarter; $71.7M outstanding purchased (53.1% of net worth), $0 sold and retained. Sold in 0 and bought in 5 of the last 8 quarters. Shares 2.5% year over year.

## Flags firing in the latest filing

- **3rd-party paper>100% NW** (`str_thirdparty`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 3 | charge-offs p90, leaning on borrowings, 3rd-party paper>100% NW |  |
| 2016-06 | 2 |  | charge-offs p90 |
| 2016-09 | 2 |  |  |
| 2016-12 | 2 |  |  |
| 2017-03 | 2 |  |  |
| 2017-06 | 2 |  |  |
| 2017-09 | 2 |  |  |
| 2017-12 | 2 |  |  |
| 2018-03 | 2 |  |  |
| 2018-06 | 2 |  |  |
| 2018-09 | 2 |  |  |
| 2018-12 | 1 |  | leaning on borrowings |
| 2019-03 | 1 |  |  |
| 2019-06 | 1 |  |  |
| 2019-09 | 1 |  |  |
| 2019-12 | 1 |  |  |
| 2020-03 | 1 |  |  |
| 2020-06 | 1 |  |  |
| 2020-09 | 2 | net worth falling |  |
| 2020-12 | 3 | margin squeeze |  |
| 2021-03 | 3 |  |  |
| 2021-06 | 1 |  | net worth falling, margin squeeze |
| 2021-09 | 1 |  |  |
| 2021-12 | 2 | net worth falling |  |
| 2022-03 | 1 |  | net worth falling |
| 2022-06 | 1 |  |  |
| 2022-09 | 1 |  |  |
| 2022-12 | 2 | leaning on borrowings |  |
| 2023-03 | 3 | net worth falling |  |
| 2023-06 | 4 | delinquency rising |  |
| 2023-09 | 4 |  |  |
| 2023-12 | 3 |  | net worth falling |
| 2024-03 | 2 |  | leaning on borrowings |
| 2024-06 | 5 | losing money, delinquency 2x band, assets shrinking |  |
| 2024-09 | 5 |  |  |
| 2024-12 | 8 | net worth falling, charge-offs p90, loan book shrinking |  |
| 2025-03 | 5 |  | delinquency rising, delinquency 2x band, assets shrinking |
| 2025-06 | 2 |  | losing money, net worth falling, loan book shrinking |
| 2025-09 | 1 |  | charge-offs p90 |
| 2025-12 | 1 |  |  |
| 2026-03 | 1 |  |  |

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

- 2026-07-08 [Kirtland Credit Union - The Business Journals](https://news.google.com/rss/articles/CBMioAFBVV95cUxQM2VtVzdtMEFMbHMtamRoTU5STkdJRWo0TjFfd3FOT3RkaTNGYjJBQ24yUlowM1Vuc0ZIdkl2SmFtOVFzdVdQYzNlYkFlRFRudDh5VERfU2stM3lXeF85aTg2azZDdWZlR1lwRnlyZUNkekxMbkhkUE5kX2ItaXFadjJTUWRoUERybEx3amZsbG9IeXp0MWZOU0dSUnUxM2lZ?oc=5) · The Business Journals
- 2023-10-02 [Kirtland Credit Union helps New Mexicans live confidently - KRQE](https://news.google.com/rss/articles/CBMingFBVV95cUxOa0E5ZDh3Um5xRlhlYzhsbWtJajlXN1JPT3ZuYldEN0xkUG1CRmozWjQwX1o0SHA0Y3lDeU1Od2ZTa0RtV0V6NmhweVVfOWtuVXhtTnBjN19oNHIzUkxGSUZPZklVaHl4Y1ZSWS1pSHY4clFLVzJCUUxxX0NSUlFfcUctWHg4UzVYeWROX25WcEpfeDhKNTl3M29JZUtSUdIBowFBVV95cUxQazVwNVVLMTZlbUcwWjBvUlBXdUVWYndZN3lXWXYyN1hLMGpNeVZ0cF9hZHo3V3hFTS1vd0lQNU1SbTBXV1ZhUmpQUHpmNEhzNEg4VXVCOUF6TFBCb3o1ZEhSWHlEZTFCcUdQUEhsSzRPMERyWHh0MHpYa0pmamY3V0piVWQza185WmNGam1QSExHVDdKdmlsSzJHVHhSdVMzS0ZR?oc=5) · KRQE
- 2026-02-01 [Danette Gurule Obituary (2026) - Albuquerque, NM - Albuquerque Journal - legacy.com](https://news.google.com/rss/articles/CBMikgFBVV95cUxPZmNZVUFtRmVaRDZ1ZzdEelRkX0R3d09Xd0FZN3l5T3l2c3FQWXNINjZmRXRKUXVEWFMtSzhNUVhoTTIyLURsZ3BsOUJ5aTh0RkdmTHN5SGdpellFZnZiRzBENGMwYVdFb1RuTWF4cFpqX3pZbXFuck05VUZBWGZCdGJpR3hCLTNHV0IzYndPbGlrZw?oc=5) · legacy.com
- 2025-07-15 [MaxQ@Kirtland development sees progress with opening of Kirtland Credit Union - Albuquerque Journal](https://news.google.com/rss/articles/CBMiuwFBVV95cUxPWVg5TjN0REkwbzhRTVoxemlJS3ZwZGpTNGdMTHlkbW1Bc3FTUE0tQjdLeE9XZ3dtUlROOEM2U19jdzdMNWFKM2M0MGZieEF3V1Vla0tmaV9KNUJrb1pFUV9rX1FndXRmTDVtSzY4cDYzV1B6T0dXZms1SEZUZDhzM1JnUXlsWGc4cTBRTWIxR2l6Tl9HWEtvQVlYTFVhcmdma2tHallsSE9QUUVvRHdZQXJ6eXdISENxdU9Z?oc=5) · Albuquerque Journal
- 2026-03-13 [Lady Broncos Claim Historic 22nd State Championship as Navajo Athletes Shine on New Mexico’s Biggest Stage - opvp.navajo-nsn.gov](https://news.google.com/rss/articles/CBMikAFBVV95cUxOWmxiNk9GV3A1NkZwV05CUE13eTA0ZDNja1VnaGI4VHdJRDJoYmlLeW0zMjgzczNkRjhnTHVWUUJ1QTFLa3JPMGdOM3hSSGVnSHFFX2JPUUFRRnlrTmZtVzBBUUowVzBEODllY1QxanNlNl93OHRRV2MxM1F3VmNYdkEzQnVvOE9sbHB5NnJYTU0?oc=5) · opvp.navajo-nsn.gov
- 2025-04-03 [Man arrested after failed robbery attempt - KOB 4](https://news.google.com/rss/articles/CBMifkFVX3lxTE5FLUxvNHAybXNfMnNhWVV0dTZ1UnJiay1JVEN3TTF6cnhqbEhkR0VKNzM5RG9pOHRJeUJzOGpzSWkzV092T2U2b3E1YUtfM05wajVNTVZtREtxYmNTd1JJdkg5MVY2YldmZjV6MHpVc3FVVGFBS29xTGtpZnZ5dw?oc=5) · KOB 4
- 2022-09-22 [Kirtland Credit Union to sponsor Balloon Fiesta - KRQE](https://news.google.com/rss/articles/CBMikAFBVV95cUxOZFRJQ2NGUkJCY3NXYXJCaDZlTGxTVjBvajVkbU91RC15QjdmcldZNE13LTZ0V0pYWldOWGZaVHdwd2tPSEZWUGRPTXVYd2JITUNYcm9iTFhHdTNIaEZ2b2N4cFNVVWlhLXY2aVU1LV94M3RZRVctOXJlSGVYM2hVM21rWDM2bjVxbi1VbDBWMFrSAZYBQVVfeXFMUGRLbHRsZ2hGM2JRMC1PMS1SRnZLM3BTR1JONTFDVGI3N29yMkVXdkFGX2ljWFhMdWtFOWNaY1FPaW5NMkxuN2Y1dDdhVVNZTjF3NlkzRmZ5YkNfRk1FWmpNbVBfNmpiVzU4dkY2NUdMT2NseUdBS0UzSUYyWmdwVEJKUGFPbUFMM0NrM2lVUnVReEhIb2xR?oc=5) · KRQE
- 2024-04-15 [New Mexicans to Know: Kirtland Credit Union's Matt Rarden flying high in CEO role - The Business Journals](https://news.google.com/rss/articles/CBMioAFBVV95cUxQQjFZcGJYbGpyZU9kYVdFbWV3alNncFAzbnhQQnMzelRWb2NfOXQ5OHBpb2hJcWJNemNpaWpJRmhHcDYwN2VVcWw5aE5LSGFrOFR3a3VRTlhEek9IV1IweDNVeVFycGtuT3U2dVRQX3gyWU1OYUpyV1VLQ3JxZmVZdURDX0lnQkhrcHpUdEhlVXhPVmFEZnFXNmdXbXRqZ0Rj?oc=5) · The Business Journals

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=12199 (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/39.json (key "12199", 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=12199
- 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