# LOGAN MEDICAL
LOGAN, UT · NCUA charter 14571 · asset band <$50M · latest filing 2026-03 · live
Share link (named URL with a preview card): https://getbookiq.com/cu/logan-medical-14571

Who the members are: federal charter, multiple common bond, organized 1961, low-income designated. 1,979 members of 10,000 potential (19.8% of the field); checking penetration 46% (share draft accounts per 100 members); loans per 100 members 44.

**Verdict on the desk:** this could be *quiet fade*. Composite score 2 of 18 (one point per flag across 17 flags, capital below 7% counted twice).

## What the filing shows

| Measure | Value |
|---|---|
| Total assets | $32.8M |
| Members | 1,979 (-3.1% YoY) |
| Full-time staff | 3 |
| Net worth | $6.0M |
| Net worth ratio | 18.4% (p68 of band) |
| ROA (annualized) | 1.35% (p81 of band) |
| Total delinquency | 0.55% (p46 of band) |
| Net charge-offs (annualized) | 0.00% (p37 of band) |
| Loans / shares | 61% (p55 of band) |
| Cash / assets | 48.0% |
| Borrowings / assets | 0.00% |
| Net interest margin | 3.48% (p34 of band) |
| Operating expense / assets | 2.26% (p15 of band) |
| Vehicles % of loans | 47% (p32 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 0% |
| Third-party paper % of net worth | 0% (p43 of band) |
| Vehicle delinquency | 0.78% (p60 of band) |
| Vehicle NCO | 0.00% (p35 of band) |
| Repossessed % of vehicle book | 0.00% (p46 of band) |
| Real estate % of loans | 37% |
| Credit cards % of loans | 0% |
| Unsecured % of loans | 2% |
| Commercial % of net worth | 0% |
| Core shares % of member funds | 49% |
| Certificates % of member funds | 43% |
| Average share balance | $6,239 |
| Participations bought / yr | $0 |
| Participations sold / yr | $0 |
| Participations outstanding | – |
| Loans outstanding per 100 members | 44% |
| Loans granted per 100 members, annualized | 8% |
| Average loan balance | $18,999 |
| Loans granted, annualized | $5.5M |

## Flags firing in the latest filing

- **delinquency rising** (`aq_dq_rising`)
- **members leaving** (`shrink_members`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 0 |  |  |
| 2016-06 | 0 |  |  |
| 2016-09 | 0 |  |  |
| 2016-12 | 0 |  |  |
| 2017-03 | 1 | delinquency rising |  |
| 2017-06 | 1 |  |  |
| 2017-09 | 0 |  | delinquency rising |
| 2017-12 | 1 | delinquency rising |  |
| 2018-03 | 0 |  | delinquency rising |
| 2018-06 | 0 |  |  |
| 2018-09 | 1 | delinquency rising |  |
| 2018-12 | 0 |  | delinquency rising |
| 2019-03 | 0 |  |  |
| 2019-06 | 0 |  |  |
| 2019-09 | 0 |  |  |
| 2019-12 | 1 | delinquency rising |  |
| 2020-03 | 2 | net worth falling |  |
| 2020-06 | 2 |  |  |
| 2020-09 | 2 |  |  |
| 2020-12 | 1 |  | delinquency rising |
| 2021-03 | 1 |  |  |
| 2021-06 | 0 |  | net worth falling |
| 2021-09 | 0 |  |  |
| 2021-12 | 0 |  |  |
| 2022-03 | 1 | net worth falling |  |
| 2022-06 | 1 | delinquency rising | net worth falling |
| 2022-09 | 0 |  | delinquency rising |
| 2022-12 | 1 | delinquency rising |  |
| 2023-03 | 2 | members leaving |  |
| 2023-06 | 0 |  | delinquency rising, members leaving |
| 2023-09 | 2 | delinquency rising, members leaving |  |
| 2023-12 | 2 |  |  |
| 2024-03 | 1 |  | members leaving |
| 2024-06 | 1 | members leaving | delinquency rising |
| 2024-09 | 1 | delinquency rising | members leaving |
| 2024-12 | 2 | assets shrinking |  |
| 2025-03 | 1 | margin squeeze | delinquency rising, assets shrinking |
| 2025-06 | 2 | delinquency rising, loan book shrinking | margin squeeze |
| 2025-09 | 0 |  | delinquency rising, loan book shrinking |
| 2025-12 | 3 | delinquency 2x band, delinquency rising, members leaving |  |
| 2026-03 | 2 |  | delinquency 2x band |

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

- 2019-02-13 [Logan Medical Credit Union: Time to Focus on What Matters - adp.com](https://news.google.com/rss/articles/CBMipwFBVV95cUxNRjZETldxbEVvcEM2Q0Fhd2ZTR1B0aGNoaUVyUl9EWk55ZUtUWDZSb2NLUVRhaXIzSjNwanRFNkRXRjVidDdfbEIyZ19nbkZKdlRrX1N5WVYwWDZGcGdXVlRtSWNMVWNLMmI5U0d3SHNxOE42Vmw3V3NVU0w3SXZqdm1XNXEyWURVV0pXZ1JaZkdSY2hDTUptQmlsOVVFVHByNUZEVFlBQQ?oc=5) · adp.com
- 2014-06-22 [Michael Dennis Funk Obituary Jun 22, 2014 - Allen Mortuaries](https://news.google.com/rss/articles/CBMiaEFVX3lxTFBxVUlsMmxKZFZfV01FSEg0aFgtX0ZxbUliQkNUNndHTkVHVC16cGFRdzRJd1FrWWJHYl82TVlIcUxPbFVmWW9vM2s0dEdtaFhyRWh3YmhDRlJBajQzM2RObXdmVGNtcE9V?oc=5) · Allen Mortuaries
- 2021-10-08 [Michael Funk Obituary (2014) - Paradise, UT - Logan Herald Journal - Legacy obituary](https://news.google.com/rss/articles/CBMiigFBVV95cUxOMVNrVVN3djBjbFZ4dHlOMXZ6TkIweDdCSVRISFNpNTN6YmV6cF9fZ2JlYko4ZmFSUlRlOUNndjA5M1FjenZ1dUhMNE5DYS1FM0xCWHNtX1hqOC1QS21pb2JON1BOUVktQTB3aDJ2WjRRMWRtRGs4SDA4Qnc3SmhXUFZSaHl0a1VoZ1E?oc=5) · Legacy obituary
- 2020-09-16 [Eric Hall Brenchley Obituary Sep 16, 2020 - Allen Mortuaries](https://news.google.com/rss/articles/CBMiaEFVX3lxTE50T1NEcnhHaTVwbzVNVzh2RDE5RlI1ZXpwa1V0c2dZaUxRTWlzZU5najNzd1ZJYmhtaC1aM0lWQXZxSTF6ZGtEQ3lUNUVOQVdtNDhzS3JrclN6R25yZ1RVTjJCOFJOR3BH?oc=5) · Allen Mortuaries

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=14571 (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/43.json (key "14571", 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=14571
- 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