# IRONWORKERS USA
Portland, OR · NCUA charter 13649 · asset band $100-200M · latest filing 2026-03 · live
Share link (named URL with a preview card): https://getbookiq.com/cu/ironworkers-usa-13649

Who the members are: federal charter, associational, organized 1960, low-income designated. 18,169 members of 130,000 potential (14.0% of the field); checking penetration 43% (share draft accounts per 100 members); loans per 100 members 45.

**Verdict on the desk:** this could be *auto monoline*. Composite score 3 of 18 (one point per flag across 17 flags, capital below 7% counted twice).

## What the filing shows

| Measure | Value |
|---|---|
| Total assets | $147.1M |
| Members | 18,169 (11.6% YoY) |
| Full-time staff | 25 |
| Net worth | $16.9M |
| Net worth ratio | 11.5% (p47 of band) |
| ROA (annualized) | 1.10% (p74 of band) |
| Total delinquency | 2.95% (p97 of band) |
| Net charge-offs (annualized) | 1.11% (p91 of band) |
| Loans / shares | 93% (p94 of band) |
| Cash / assets | 16.6% |
| Borrowings / assets | 0.85% |
| Net interest margin | 5.12% (p97 of band) |
| Operating expense / assets | 4.54% (p79 of band) |
| Vehicles % of loans | 64% (p90 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 0% |
| Third-party paper % of net worth | 0% (p16 of band) |
| Vehicle delinquency | 3.05% (p96 of band) |
| Vehicle NCO | 0.91% (p70 of band) |
| Repossessed % of vehicle book | 0.05% (p72 of band) |
| Real estate % of loans | 11% |
| Credit cards % of loans | 2% |
| Unsecured % of loans | 8% |
| Commercial % of net worth | 0% |
| Core shares % of member funds | 37% |
| Certificates % of member funds | 30% |
| Average share balance | $3,540 |
| Participations bought / yr | $0 |
| Participations sold / yr | $0 |
| Participations outstanding | $0 |
| Loans outstanding per 100 members | 45% |
| Loans granted per 100 members, annualized | 23% |
| Average loan balance | $14,669 |
| Loans granted, annualized | $64.8M |

## Participation posture (from the same filings)

Bought $0 and sold $0 in the latest annualized quarter; $0 outstanding purchased (0.0% of net worth), $0 sold and retained. Sold in 3 and bought in 0 of the last 8 quarters. Shares 13.4% year over year.

## Flags firing in the latest filing

- **delinquency 2x band** (`aq_dq_high`)
- **charge-offs p90** (`aq_nco_high`)
- **auto monoline** (`str_vehicle`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 2 | loans>95% of shares, auto monoline |  |
| 2016-06 | 2 |  |  |
| 2016-09 | 2 |  |  |
| 2016-12 | 3 | repo signal |  |
| 2017-03 | 3 |  |  |
| 2017-06 | 5 | delinquency rising, members leaving |  |
| 2017-09 | 4 |  | repo signal |
| 2017-12 | 3 | repo signal | delinquency rising, members leaving |
| 2018-03 | 3 | margin squeeze | repo signal |
| 2018-06 | 2 | net worth falling | loans>95% of shares, margin squeeze |
| 2018-09 | 2 | loans>95% of shares | net worth falling |
| 2018-12 | 2 |  |  |
| 2019-03 | 4 | thin capital, delinquency 2x band |  |
| 2019-06 | 2 |  | thin capital, delinquency 2x band |
| 2019-09 | 3 | delinquency 2x band |  |
| 2019-12 | 2 |  | delinquency 2x band |
| 2020-03 | 4 | thin capital, delinquency 2x band |  |
| 2020-06 | 5 | net worth falling, margin squeeze | loans>95% of shares |
| 2020-09 | 5 |  |  |
| 2020-12 | 4 |  | net worth falling |
| 2021-03 | 5 | charge-offs p90 |  |
| 2021-06 | 4 |  | margin squeeze |
| 2021-09 | 4 |  |  |
| 2021-12 | 2 |  | thin capital, delinquency 2x band |
| 2022-03 | 3 | expense trap |  |
| 2022-06 | 3 |  |  |
| 2022-09 | 1 |  | charge-offs p90, expense trap |
| 2022-12 | 2 | loans>95% of shares |  |
| 2023-03 | 4 | expense trap, delinquency 2x band, delinquency rising | loans>95% of shares |
| 2023-06 | 5 | net worth falling, repo signal | expense trap |
| 2023-09 | 3 |  | delinquency 2x band, repo signal |
| 2023-12 | 4 | delinquency 2x band, loans>95% of shares | net worth falling |
| 2024-03 | 4 | expense trap | delinquency rising |
| 2024-06 | 3 |  | delinquency 2x band |
| 2024-09 | 4 | delinquency 2x band, delinquency rising | loans>95% of shares |
| 2024-12 | 2 |  | expense trap, delinquency rising |
| 2025-03 | 3 | delinquency rising |  |
| 2025-06 | 3 |  |  |
| 2025-09 | 4 | net worth falling |  |
| 2025-12 | 3 | charge-offs p90 | delinquency rising, net worth falling |
| 2026-03 | 3 |  |  |

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

- 2026-05-07 [Stuck credit unions have a lending problem - CUInsight](https://news.google.com/rss/articles/CBMieEFVX3lxTFBXRGZ1SHk0Wl9sUUwzNVlrb01WNVBQZHpOWTlhWTFlVHBMbmZnR1FidHgyTkpHR1VJNXZabVRxS2QxM2F3VGlZYTZ6OEZ3VVQ0dlFCeWJhcVdLZ3IwUlhDalJIc0VUTEZieVM1cEZlbzV0bnVnbU9xdw?oc=5) · CUInsight
- 2022-01-07 [At Local 29 hall, a night on Santa Lane - NW Labor Press](https://news.google.com/rss/articles/CBMifEFVX3lxTE9URFBSdU9vM0NoQXdtQVE5MFl0NWNEYmVDOGc0b2tza3ljWUxqc0dpZ1VxTDBCb3RkY1NuTi1SNzJ0cDQ4QTd6azMxY0lTbUljSG91UFhJcU9heE5ZZVpEa3RDdUVINmxGakRDMU8tSlpOWFZGOVJaUVRZRUo?oc=5) · NW Labor Press
- 2025-10-09 [Powerlist: Credit Unions - oregonbusiness.com](https://news.google.com/rss/articles/CBMiYEFVX3lxTFBHNGdGRndIcGtFMTVKM280WTh6cWYwRE9QZVpkcktRT2kwSDh4WWd6ZEktVGZ2V3l6U3dDNGxJUzBsazUySmtOS3pkaEU1aGFWTlhvMmZhQVFBVWhZaUVMNA?oc=5) · oregonbusiness.com
- 2025-05-02 [Credit Union House Hall of Leaders Inductee Announced - Biz New Orleans](https://news.google.com/rss/articles/CBMihwFBVV95cUxNQWR4Z3BZMXB1dzlnNFdzRzk1NUpjM05OLWVoN0tQVjZSMEVRX0xXcVRsUWduUWUxbUt1RExQOF9ncjVhellNak8ycVlhYXV4UWlHeU5XYnVlckpLYzlzZm5RWEJETllTOVFYSHE2Q0p0THUxdTMyTEwtQmIwQjJaQU1ZcUplOVk?oc=5) · Biz New Orleans
- 2022-03-14 [Oregon credit unions and Native American tribe announce financial support for besieged Ukrainian government and citizens - NPR for Oregonians](https://news.google.com/rss/articles/CBMi-wFBVV95cUxPZDBVMjMtRHd2TjhYR3hiWTVheENXVHlhMy00c2xvSTczZmhXdm1aMVRUUVIwbUY4eUxUUUlOTEZiWV9RckZ3UTFHNnY0SjFHdTZUOEZ3NW5ZbEctaEo4cWF4VzNCcTF5WTRDeHZxOFZrWWFfMG92eUtKNnk5Y2owVl9rZUJ6bnF0bDJEOU11LXpmdDJGWmk3WFBNQXY1eDV1N2tRenJnT0RjNDlkeUltcFhGbXNLdjRNZkN3Z3RScjFTYmR1Q1RlXzhQMjB3NzN1NkRFNk5HYWp4UjYzQzNOUWkycW9RY0JZeDQ1T0UzOVdJdnpJSVprWVl2bw?oc=5) · NPR for Oregonians
- 2024-06-02 [Construction worker dies after accident at Benson High School - KGW](https://news.google.com/rss/articles/CBMizAFBVV95cUxOV3NwUjhQWFVpalVUWVFJLVZIV0JIc05EQjlxbDd5ZVptOE1iSGh1bFRENnVZVEwyLTdBenR0TzN2d1lwd29kYl84LWpGT3ZGWndXVlk4akk1bXk3Wndfd0hXakc1R0pTcEZZdGVkbHVfLTQ3R2czaFhqR1NiSWROU0ROYVREd0N4aE5EVVRmRGZEWnVYZHk1anZQWFYwbzdoMFZLMHhjQ25QVllQbi16X0VqSGQ1cm9sMFRodmFxdG1QbE96QzFtS2tFOEQ?oc=5) · KGW
- 2024-12-23 [2025 Power Book: Credit Unions - oregonbusiness.com](https://news.google.com/rss/articles/CBMiaEFVX3lxTE12NWlERjQ4Qjhhb2s3cVdRVHVYV0prNjZUS3NROUpPaU90ZGxPOG8yMWFQM3cyb0ZEVERzRFhQZmVEbzNpOTNLbnBFNzc4S1dzNktGVWtMcm5NU3dLUGJlWi1GdDhQWldh?oc=5) · oregonbusiness.com
- 2019-05-21 [Donations pouring in for the families of ironworkers killed in Seattle crane collapse - NW Labor Press](https://news.google.com/rss/articles/CBMiuwFBVV95cUxNZmZKZ2RxTkZ1X1RDbDExZ1VfNHR1UTgzN0I3S09PUHVLRHZ1eGVXNUdSeC1TYU95Q3o1eWQwM3dIY3V3dVhZVjQ0SGFLM2VYUGpaYmVDX08xWHFXcVdKOW15Z2pORmxpNmhBYklnTTdJZHd2N25faEx1bDNnNmtqZTZJcTZjelk4d0tOejZUckU3WGRHeGV5cTY3bFlHQkhGNXQ5MnJfR1haaDBNMkkwdWJDYlpTVjFTR05R?oc=5) · NW Labor Press

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=13649 (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/17.json (key "13649", 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=13649
- 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