# ALPS
SITKA, AK · NCUA charter 13865 · asset band $50-100M · latest filing 2022-12 · stopped filing after 2022-12 (departed; for a credit union that is almost always a merger)
Share link (named URL with a preview card): https://getbookiq.com/cu/alps-13865

Who the members are: federal charter, community charter, organized 1960. 4,086 members of 72,218 potential (5.7% of the field); checking penetration 77% (share draft accounts per 100 members); loans per 100 members 44.

**Verdict on the desk:** this could be *ordinary*. 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 | $78.6M |
| Members | 4,086 (5.0% YoY) |
| Full-time staff | 13 |
| Net worth | $7.3M |
| Net worth ratio | 9.3% (p29 of band) |
| ROA (annualized) | 0.49% (p47 of band) |
| Total delinquency | 0.42% (p45 of band) |
| Net charge-offs (annualized) | -0.04% (p4 of band) |
| Loans / shares | 60% (p49 of band) |
| Cash / assets | 24.1% |
| Borrowings / assets | 0.00% |
| Net interest margin | 3.00% (p70 of band) |
| Operating expense / assets | 3.36% (p62 of band) |
| Vehicles % of loans | 9% (p4 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 0% |
| Third-party paper % of net worth | 0% (p25 of band) |
| Vehicle delinquency | 0.00% (p6 of band) |
| Vehicle NCO | 0.12% (p48 of band) |
| Repossessed % of vehicle book | 0.00% (p40 of band) |
| Real estate % of loans | 46% |
| Credit cards % of loans | 1% |
| Unsecured % of loans | 3% |
| Commercial % of net worth | 129% |
| Core shares % of member funds | 80% |
| Certificates % of member funds | 13% |
| Average share balance | $8,286 |
| Participations bought / yr | $400,000 |
| Participations sold / yr | $0 |
| Participations outstanding | – |
| Loans outstanding per 100 members | 44% |
| Loans granted per 100 members, annualized | 8% |
| Average loan balance | $24,238 |
| Loans granted, annualized | $15.0M |

## Flags firing in the latest filing

- **delinquency rising** (`aq_dq_rising`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 3 | delinquency 2x band, loans>95% of shares, leaning on borrowings |  |
| 2016-06 | 3 |  |  |
| 2016-09 | 3 |  |  |
| 2016-12 | 1 |  | delinquency 2x band, loans>95% of shares |
| 2017-03 | 5 | losing money, delinquency 2x band, assets shrinking, loans>95% of shares |  |
| 2017-06 | 6 | net worth falling, delinquency rising | loans>95% of shares |
| 2017-09 | 5 | loan book shrinking | assets shrinking, delinquency rising |
| 2017-12 | 5 | delinquency rising, assets shrinking | leaning on borrowings, net worth falling |
| 2018-03 | 2 |  | losing money, delinquency 2x band, delinquency rising |
| 2018-06 | 2 | delinquency 2x band | loan book shrinking |
| 2018-09 | 1 |  | delinquency 2x band |
| 2018-12 | 2 | delinquency 2x band |  |
| 2019-03 | 2 | delinquency rising | assets shrinking |
| 2019-06 | 3 | margin squeeze, members leaving, leaning on borrowings | delinquency 2x band, delinquency rising |
| 2019-09 | 1 |  | margin squeeze, leaning on borrowings |
| 2019-12 | 1 |  |  |
| 2020-03 | 0 |  | members leaving |
| 2020-06 | 1 | delinquency rising |  |
| 2020-09 | 3 | net worth falling, margin squeeze |  |
| 2020-12 | 2 |  | delinquency rising |
| 2021-03 | 2 |  |  |
| 2021-06 | 2 |  |  |
| 2021-09 | 3 | thin capital |  |
| 2021-12 | 1 | loan book shrinking | net worth falling, margin squeeze, thin capital |
| 2022-03 | 2 | delinquency rising |  |
| 2022-06 | 0 |  | loan book shrinking, delinquency rising |
| 2022-09 | 3 | thin capital, net worth falling, delinquency rising |  |
| 2022-12 | 1 |  | thin capital, net worth falling |

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

- 2023-02-08 [Two Southeast Alaska Credit Unions Merge - Alaska Business Magazine](https://news.google.com/rss/articles/CBMiiwFBVV95cUxOQzFSYmM3aG5fc3pIOWlBVnM0c0U0T1JUamJpNUJIMm5wVEl0WDg1RmVvY09YTTBqMTMtdXZSMDRDZHZGODhSUGJBWlFXbEV2a0x1Vll6ZlY3M05TWjR2VmFuUEhBSE91TTljeV9aLVFOb3cxRlE5a3dBTklxZmxrUTFuTTNvbmNMeURZ?oc=5) · Alaska Business Magazine
- 2023-06-12 [Tongass FCU Serves Southeast with Community Microsites - Alaska Business Magazine](https://news.google.com/rss/articles/CBMingFBVV95cUxPbUhlRWtvNTZOWW45Y1NSZm5vRVV0MVJOUjhBMTFDODdxdng5SkNyejZWdEhTNFZDajJjbkpSVllfM19sYUZkTklrRURSLVVXellKT3RKUWM1TmZDS0pxNWVnakdoSjhsX2ZLSHg3VDlRNm11S212SVp5eWFjMEIwb2NkREFkVDhqbmQtNnRoZkpvUkJXT0JUREhlLVpzdw?oc=5) · Alaska Business Magazine
- 2021-05-18 [New exhibit recalls Sitka’s transformation from fishing village to mill town - KCAW](https://news.google.com/rss/articles/CBMirAFBVV95cUxOeW1ic2NaVWZRYVFCb2wtU3V2OTVkREZvQWN5TEpMNjFWZ2ktc0FBY1l2c1NiZTNWSjYxZWo1TnpFMS01b3g5S1hDbW5oWVdpUmhyNHhjYTFkR2RBQnZwRlpNX3M1dGZPcXNkRjlpd0RjVy1obFVnRDhwTEhvR3JiMkVPNjJiWU9adFlQdVdWMEQyYlMwMzRpSTQ3bmtuYi14aWFRQU03S2pmN3li?oc=5) · KCAW
- 2020-08-26 [Credit Union 1 has a new CEO: James Wileman - American Banker](https://news.google.com/rss/articles/CBMilgFBVV95cUxQc1NIR01UdVB0dEtVYXNYY0U5ME1qNjRvNzJ3SlR2X0ItX0VrRW5icjlFUjBiVl8telZmbHhLR2V6YXlJbUp1eGJFT3lNRUhrdWlJOVRhdmNjQVZNdXRJUUxBOWF3dXEyQ2UyejZ2QWNxaTdNYzFObm5KTjhZUHd2T3V3NU9LMUp3TGhnUkwwdURIdnpaX2c?oc=5) · American Banker
- 2018-01-24 [Credit Union 1 Promotes Wileman to President/CEO BY CREDIT UNION 1 - Alaska Business Magazine](https://news.google.com/rss/articles/CBMirgFBVV95cUxPQjEzZG84OWVYQWNDOVBhTllKcEN2b1Zmc1VXQWNBZTQ1bVgzMndWUkZNR0FqR3lxZmZob1NRTm5GYUVsR3hZNGM1bVF6QndLdWxyQUpDSmlBdUZMaXl1cmotTUpIUFR0NzF2emp4NmNQemJieEVGR3FKSTNIZTFLRjY5Q0lXUUZsdVR6bnFuZHpSOGIwem1ETU1aOFRNSXR1bkM0aXYzbEx1M2k2Wnc?oc=5) · Alaska Business Magazine
- 2016-08-13 [List of banks that support Apple Pay in the United States - 9to5Mac](https://news.google.com/rss/articles/CBMie0FVX3lxTE15UkVmX3k3aURqZXBKcFZCVTJuMEEzWTlLUEpQRDdTR25DQ2lPVXZGeEYycEVZcXl5RThsdlg3aUV6WHZFdWIzWDBUR2ZsT2FUcG1JWU5mbzJ3bVRUT0NjaEFFQXJaV0o1RklzdW03bzN2MXJoV3B1aFhEWQ?oc=5) · 9to5Mac
- 2021-05-21 [For one Sitkan, a dream of debt-free home ownership came in the form of a trailer - KCAW](https://news.google.com/rss/articles/CBMiswFBVV95cUxPQnU3eUxoWW9pcW10OEUyZVFzNzBQOGZxMk9walQ1QjJFcG1tTFZkWnBCVWh0LWI0akNaMmg4eUlTVHRlT3JIbkNMOG1mcC15c2lBZnJuYkY3aXZWVGlmS0ZDOHRQb3hZa0cxVERPWlR3ZFR1aHpNRGVJdnpJeWJPWHlzdWY3N0x5R0ZsNV9vaEFYdWlQVUdZQU5mcEQxZUIwNG9mSUR1OTQzS1dJR2x3d2RCcw?oc=5) · KCAW

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=13865 (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 "13865", 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=13865
- 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