# DUGWAY
Dugway, UT · NCUA charter 12841 · asset band <$50M · latest filing 2018-03 · stopped filing after 2018-03 (departed; for a credit union that is almost always a merger)
Share link (named URL with a preview card): https://getbookiq.com/cu/dugway-12841

Who the members are: federal charter, military (single sponsor), organized 1959. 575 members of 750 potential (76.7% of the field); checking penetration 70% (share draft accounts per 100 members); loans per 100 members 41.

**Verdict on the desk:** this could be *stressed*. Composite score 9 of 18 (one point per flag across 17 flags, capital below 7% counted twice).

## What the filing shows

| Measure | Value |
|---|---|
| Total assets | $2.8M |
| Members | 575 (-15.3% YoY) |
| Full-time staff | 2 |
| Net worth | $534,609 |
| Net worth ratio | 19.4% (p83 of band) |
| ROA (annualized) | -32.56% (p0 of band) |
| Total delinquency | 4.22% (p90 of band) |
| Net charge-offs (annualized) | 5.91% (p98 of band) |
| Loans / shares | 75% (p77 of band) |
| Cash / assets | 37.9% |
| Borrowings / assets | 0.00% |
| Net interest margin | -6.61% (p0 of band) |
| Operating expense / assets | 28.14% (p100 of band) |
| Vehicles % of loans | 68% (p73 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 0% |
| Third-party paper % of net worth | 0% (p45 of band) |
| Vehicle delinquency | 4.31% (p93 of band) |
| Vehicle NCO | 5.13% (p98 of band) |
| Repossessed % of vehicle book | 0.00% (p45 of band) |
| Real estate % of loans | 0% |
| Credit cards % of loans | 4% |
| Unsecured % of loans | 20% |
| Commercial % of net worth | 0% |
| Core shares % of member funds | 73% |
| Certificates % of member funds | 21% |
| Average share balance | $2,068 |
| Participations bought / yr | $0 |
| Participations sold / yr | $0 |
| Participations outstanding | – |
| Loans outstanding per 100 members | 41% |
| Loans granted per 100 members, annualized | 10% |
| Average loan balance | $6,991 |
| Loans granted, annualized | $209,368 |

## Flags firing in the latest filing

- **losing money** (`earn_negative`)
- **expense trap** (`earn_opex`)
- **margin squeeze** (`earn_nim_squeeze`)
- **delinquency 2x band** (`aq_dq_high`)
- **charge-offs p90** (`aq_nco_high`)
- **assets shrinking** (`shrink_assets`)
- **members leaving** (`shrink_members`)
- **loan book shrinking** (`shrink_loans`)
- **auto monoline** (`str_vehicle`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 3 | expense trap, delinquency 2x band, auto monoline |  |
| 2016-06 | 3 |  |  |
| 2016-09 | 3 |  |  |
| 2016-12 | 3 |  |  |
| 2017-03 | 5 | assets shrinking, members leaving |  |
| 2017-06 | 5 | delinquency rising, loan book shrinking | assets shrinking, members leaving |
| 2017-09 | 6 | assets shrinking, members leaving | delinquency rising |
| 2017-12 | 8 | losing money, delinquency rising |  |
| 2018-03 | 9 | margin squeeze, charge-offs p90 | delinquency rising |

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

- 2021-12-02 [Dugway Hall of Fame Awards - army.mil](https://news.google.com/rss/articles/CBMib0FVX3lxTE44WVVXUVN4X1g2OEE0cGdmdTNha0VIT0JNSUtBZ0lzZ0trd0xrdTV2RXZCdlN4WjZRMWpSR3pReXpralZtNzhEN2VxcGN4VVVQVEpWbnd3amJnSTVsdldsUUY2RDVDNjhjS3NzbVhoZ9IBdEFVX3lxTE1MVS1lUkx3ODFLV24ySWJQOFVLX2tvVkxfVTRkbnFhQ3B6Zy1zRF9LSll1QVpUZzVjeXlXMFZGX3dwTzc1TnhvNVJLd2NmbFRJRllqY0dtaThmWGxvRnEzZzQzeU9SUFhBQUJoNDkyeDJ2VTNn?oc=5) · army.mil
- 2018-04-06 [Dugway Federal Credit Union merges into Mountain America - American Banker](https://news.google.com/rss/articles/CBMiqAFBVV95cUxNMnFzaHA4WEJoSXo2U1RPNEM4akdzS0Q1U3dPRjNpTVRrZFZjc3hDbG9icHVJZlI4RzhZSU1lSTEtZVh5V1VxdmhpalBFMnNRZ2ZnaDVzMlZGaXpiTFk2SVV2QzhIMVYwTVNEeGZ2OWZuTVlxaWdoNy1YQnlqalRTMGlydUt1ejdMX0NUdl9pdDlFMkZmU0ZvaDNVandnTFo2N2dGZE1YY1M?oc=5) · American Banker
- 2023-12-12 [News - Legacy of service underpins MICC director’s commitment to Army - DVIDS](https://news.google.com/rss/articles/CBMilwFBVV95cUxPcWlzT0QyWU0ydjhXOFd4M3lPVWgxRWo3a3VETnFibVk1MUI3OUFTQVFZajc3eTJnU0pXbTB6RzROWXFyLVp1S1NKTERRc0UyLUN4ZDQ3RFEtUjBtVkJaa3U1VmhXWGJ2YmpRN3VEZ3hRUkt1TUtmOE9yQ25yZm45bGxfSW0wdzFlMnlzanVwei1fbWN2UnNN?oc=5) · DVIDS
- 2025-03-06 [Dugway Hall of Fame - army.mil](https://news.google.com/rss/articles/CBMiZkFVX3lxTE80RDdDTndrSWVuR2dHM3BJc3pvcjJGQzVaNjd1QkZxa0xMbVNsZlNhRlZxSldrd1RYS3hOcVRjdjNrWE9Oc1lYSC1VZU92VkdFZGl1a2gyTDVpbHRpajVkRnQ5alFTUdIBa0FVX3lxTE0xcUpHQW1TT2U4cnpGZUUzUlNVU2l5Z0hEVGM3SEJZTFJFSXZsRDU1VlZYSHhSei1KQTIzSm1jWFBycFNDZk9RVXlSdkV4akJzaXJUaXNxVE5DZ1ZmZ3EtaXAzcGhvdlE4S2c0?oc=5) · army.mil
- 2010-11-07 [Iris Gladden Brown Obituary Nov 7, 2010 - Wheeler & Sundberg-Olpin Funeral Homes - wheelermortuaries.com](https://news.google.com/rss/articles/CBMiZkFVX3lxTFBzUkpIUGp4LTF6dk1ZQjFlalRjbU40bTFHMEJURkRTbEt1aWhFdVZQdlVtTEZWTC10QVRJcDE5WmR2Zmk1RmIzTzlOMlZVaWJKaV9qbVhQYVF6WGRuMWdtdTlYYTBiZw?oc=5) · wheelermortuaries.com
- 2021-12-24 [Joyce Terry Obituary Dec 24, 2021 - Lindquist Mortuary](https://news.google.com/rss/articles/CBMiZ0FVX3lxTE1NZE9KRktvLVJDNnN6REo2SVlDSl9QWWVsYTRHZ3NSSnI3NVVNX2w1eUdpUUsyTHd5ZHZHOS1nc2lWVDFtZThTU0hnV0NValY1NmtUZnlTcDRVLW5QVWNtUll3ZUFFMzA?oc=5) · Lindquist Mortuary
- 2010-10-19 [Body of fallen Grantsville soldier arrives home - KSL.com](https://news.google.com/rss/articles/CBMimgFBVV95cUxQdUgxT1lURXFLQ194UVNHX2JrcWkxWTRJX3l4STVjenFnc21hVjFnOTJDbUd6RHhCTlc2NXZiWDlDUjNlLTNMTDlvMEdjRGxFeVlLcDhYNjJuMFhPamNOOG9lalcydTZDUmstUExLSmptWTNnUGVpWWYzVUpENFFXMUMwV2doQ0FjZGNUR1JvWHc1Vjkydkd2SzNR?oc=5) · KSL.com
- 2010-10-14 [Utah soldier killed in Afghanistan - KSL.com](https://news.google.com/rss/articles/CBMiiAFBVV95cUxQeTQ1TGpCOEFWV2xCSGVqV2k4LTFNc0FDUUlJeGxlRmFDMVpUOEtFb19XMkNhME1panRqQ0NIdFI3aDdEQXd1eWxzY1k1aEF5bUl1RWpvZ0RaMG5vcXRXdEwybDM0R3F3S3Z2VmF3aDVBMWxiU2pURWJqdjBLeVRyR211cHFOdXQt?oc=5) · KSL.com

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=12841 (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/41.json (key "12841", 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=12841
- 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