# RAIZ
EL PASO, TX · NCUA charter 1409 · asset band $1-10B · latest filing 2026-03 · live
Share link (named URL with a preview card): https://getbookiq.com/cu/raiz-1409

Who the members are: federal charter, multiple common bond, organized 1936, low-income designated, minority depository institution. 79,277 members of 865,657 potential (9.2% of the field); checking penetration 59% (share draft accounts per 100 members); loans per 100 members 48.

**Verdict on the desk:** this could be *indirect buyer*. Composite score 4 of 18 (one point per flag across 17 flags, capital below 7% counted twice).

## What the filing shows

| Measure | Value |
|---|---|
| Total assets | $1.09B |
| Members | 79,277 (4.1% YoY) |
| Full-time staff | 233 |
| Net worth | $108.7M |
| Net worth ratio | 10.0% (p32 of band) |
| ROA (annualized) | 1.01% (p75 of band) |
| Total delinquency | 0.86% (p74 of band) |
| Net charge-offs (annualized) | 1.00% (p85 of band) |
| Loans / shares | 99% (p86 of band) |
| Cash / assets | 9.2% |
| Borrowings / assets | 10.98% |
| Net interest margin | 3.79% (p81 of band) |
| Operating expense / assets | 4.61% (p97 of band) |
| Vehicles % of loans | 57% (p95 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 84% |
| Third-party paper % of net worth | 380% (p94 of band) |
| Vehicle delinquency | 0.77% (p65 of band) |
| Vehicle NCO | 1.69% (p79 of band) |
| Repossessed % of vehicle book | 0.15% (p72 of band) |
| Real estate % of loans | 27% |
| Credit cards % of loans | 2% |
| Unsecured % of loans | 5% |
| Commercial % of net worth | 84% |
| Core shares % of member funds | 59% |
| Certificates % of member funds | 30% |
| Average share balance | $5,830 |
| Participations bought / yr | $0 |
| Participations sold / yr | $0 |
| Participations outstanding | $49.3M |
| Loans outstanding per 100 members | 48% |
| Loans granted per 100 members, annualized | 9% |
| Average loan balance | $22,332 |
| Loans granted, annualized | $223.5M |

## Participation posture (from the same filings)

Bought $0 and sold $0 in the latest annualized quarter; $49.3M outstanding purchased (45.3% of net worth), $2.7M sold and retained. Sold in 0 and bought in 1 of the last 8 quarters. Shares -5.0% year over year.

## Flags firing in the latest filing

- **expense trap** (`earn_opex`)
- **loans>95% of shares** (`str_ltos`)
- **leaning on borrowings** (`str_borrowings`)
- **3rd-party paper>100% NW** (`str_thirdparty`)

## Warning timeline

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

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

- 2026-09-03 [Raiz Federal Credit Union Transforms Community Banking with Alkami's Digital Sales & Service Platform - PR Newswire](https://news.google.com/rss/articles/CBMi6wFBVV95cUxONjB1SEt2aWx6NVN3WEt0SU1JSkpKd2ZVU0pjYkllVkhrYVl5ckpySnVacVFRRXVaVXQ3dlIxcVBOTkFVQ3pwUDN6ekFvcWxISThzZWhpQlJyODF2M0FqLTd6SXNVMHRZRDgtTFN0TnJUMnZwblhNNVcwRFVFVGhiaUo2VUgxeWRzZDdYdVUwR2kySnR3RDZkVkZpY3R0eGFrZXZwX0stU0hzajU2bl80WjBqZVlLSHNLMFI3bnMtdFUzTjNDdVZESHFQbVFIZlBmNFpUZGE1UmhGbHlpZ0EybTd5ci12Rm5GVDJj?oc=5) · PR Newswire
- 2026-09-03 [Raiz Federal Credit Union Transforms Community Banking with Alkami's Digital Sales & Service Platform - starlocalmedia.com](https://news.google.com/rss/articles/CBMiqgJBVV95cUxPb3ROaXktek9lak1ULWR1TXNyZ0VyajUxLWJLMEQ2QWJfSXVUS0x0TDZUWkNLa0RWLVYycUZRRWtJeTZZa3A5d25TX2ctVzByZThkLWY1YWVzcHl6d3gtbkJweFlPbE0wamFTVzZpYXVicTd3WFY5bWVOVzBLZGtfQnNwSmhSajdoNGZybVRYRWM4WE9QdWdLeW5feXNpc0FmakduZnFhZzFpS2xXaGZMZHNXd3FaSWhId0o0cjR0amEwejJXMElHRExTR0lxSC1kTnkxQlZLYms4cnZRWTlSeE5HM3lVeUNjZXQyTlVReFk0YW1JM2FXTXppdDRhRHNfLThSLVNPZHVKelpXUWZoVUxBVDg1YkdmTDhXRG1qZDZQZE02LWVJQnRR?oc=5) · starlocalmedia.com
- 2026-05-07 [New leadership: Raiz Federal Credit Union welcomes Zankhana Desai as Chief Financial Officer - CUInsight](https://news.google.com/rss/articles/CBMizAFBVV95cUxNbHhITndlUElXYmwyOHhac1ZXTWJLejZkTlFoaWF4azZ4cVhSOVZxYm80a25xVTZPb0Q4T1dUazRQX1EtUTRIdEYzZEFtbGxlY1FzZFd6SzR6TWt1Smc5NncwTEV1MC10QXZBOEU0NktsU1FDVVpMTUtCenI4RlZjVTRDMnFnMGN0WktRdkNibTdHVk0yT3czdGlqc0ttUnFIVUgwV3FuVXIzNlBkZExXdjZWdG8zSUFrektHT2c2eXJHQWFjT0ZqdzZSazI?oc=5) · CUInsight
- 2025-09-24 [Raiz Federal Credit Union raises over $188K for local schools, organizations - KTSM 9 News](https://news.google.com/rss/articles/CBMiowFBVV95cUxOQXlWTzQ1UlR4OS1tX0RDa05NNFRZS1Z3S3FZaGRBS1hqNHFZNWhaOEgzX040bjJ2THFFc2FraWk1WjJ3QlFmMXAwT18wSEFmRUhRcm1RWXF6bV94THIxeV8yU3RuOVNfQ2FyeFVMWFZqbzJGQ2hYc1hxNjNTdktYbjMxZzY3RGgtTXlJSEgtblJSSFJjM2J3V1pyX0RZLUVCWk930gGoAUFVX3lxTE9JTmt6MEFSMVRVZUZYdTlKQktLS3VOUEJGLV9Ja0tYcXdBTlh5TmJTQThzSEV6YWkxeGZHZ25EZHBtanNWcnJWLUZLTWxTR18zcmZ4a1JER1VDdk4wZlNLNUtpZmg3MkR6ZjBRNDdUVF91ZTRuNEItUVM1ZzIyOUlJM3FTbTY3QTJnZFFZU1R4aUxHYkVWUnBOTm5OSVZhNWZ4Q0xTOVU2Ng?oc=5) · KTSM 9 News
- 2026-03-10 [Raiz Federal Credit Union President and CEO Max Villaronga inducted into the 2026 African American Credit Union Hall of Fame - CUInsight](https://news.google.com/rss/articles/CBMi-AFBVV95cUxOa2Exd0ZQc1BVeEFheTdMVmtrcFExLUYzYXgzY1FMbG51UGhQc0hjVTFjdVBmdGJ4TG0wVHk3cWxmLXh5RGIyaFpOamRoaERGN3NJVkRHMlhLWGtPMzRaMEU4ZGNOaU5veXdaeGtVZUV6RmZNNy1GTkxjX0J5aEQ4NnVQbGR4Zktrd3RiNTc4SUZjZGw2aXdtaTNUMW5yUUhlLWdJZmkyTVlQaFFBUEU1WllfNE9tRXRqWTZVdTJyczF2OEhMajZnWDc4T1c5RGFZdENwUzZBTVdTQVBKaFR1MVREZFV3V0pkS041Zll6V0F1NkhRRzBCbg?oc=5) · CUInsight
- 2026-02-23 [Jerry Clerveaux, VP of Consumer Lending, at Raiz Federal Credit Union, receives prestigious award from the United Negro College Fund National Alumni Council - CUInsight](https://news.google.com/rss/articles/CBMinwJBVV95cUxQeGdXMzFFNzlLSXFhRGsxQWlGRlgwanBJaEZMekpzekhrT1V2U0JfVEJyN3pHZ2VWYm1kNWU0UzgyQ1JfQmxpNmN4TnN3WXhfN192bDQtT2paTWEwejVvRWdsX1R2V3hqdm03UjNmWkg3WnVoMEV1Vm5GaGUwbXNYdEZ0dUdOTGFHTTJXekFybnJJSlFfWWVicVZ5WjcyQkwtUDBJTlFfTVdmVUVTVFd3SjVWZzNET1ZfN3UyN3FVZXpjZVk5TFZNak5TOHpzWUVWZFZuNFk2Rk5CN1B2dEc2cUZEdEk3RUZfdUlzenJIZFN5TUx6VTdPTjNtQ3JNd2o5Z0p3LUFxLWY5Ym5xOG9UcWhFdmZhZHVoVGhNTk9Idw?oc=5) · CUInsight
- 2022-07-25 [El Paso's 3rd-largest credit union changes name to remove teachers-only perception - El Paso Times](https://news.google.com/rss/articles/CBMi7gFBVV95cUxNU2ttaGxCb2syNjhvektXU280cVA2Q1ZScG9SdEd3aXdxRFN2RTkyaXlaT3lldTlVczJGMEozMWp6WFhXUWxKSUNBS1Z4T01DaVdjMFBBUWdGejhJUFZDRUthMkRaeG9wOWUtUzBqS1I3aVdhSDJLSGJCVllRaWNpcnNaYWVKeFVuMFZaeHdzaUZQNlFZV1ZFTUNJMjlXeFJxNmg2WEZVZlFVMDlNTXlZcWluX0ZDUE5RMDQxR3hpcjhHVHd0U1RtdDVvUURSRjdERm9aVTJoaEc0YktCRGx0al9KV29qbEptSEY5N2h3?oc=5) · El Paso Times
- 2026-01-28 [New leadership: Raiz Federal Credit Union welcomes Todd Cook as Vice President of Accounting and Finance - CUInsight](https://news.google.com/rss/articles/CBMi3AFBVV95cUxORGNodnNRSkJHamhDMkwyeGFIOU5NNzdTd2FvbjJuRlRlYjBPUkRNUXRXUmhQQTBmNXBmcGM0Vmk2Y0Z4U0tkVVdUZXNDX29ZMXRuZk9hSndqeGNwa1FiRUtKajRlQUowTm00Y2daWTZqNkNHcFh0V3lyVWtDMWVYcExNWFlFQXRFMDRNRGlKOWxRd0RSNFp0VjVuNHBGR3piZ3VRUVM2aGNmcFM1OEYyUTlqbHVISUhEUlRBdnE0TkpDdWF0TXJkNUt1XzluQU81VGQ4dEtua1l1anVt?oc=5) · CUInsight

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=1409 (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/1.json (key "1409", 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=1409
- 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