# TONGASS
Ketchikan, AK · NCUA charter 15523 · asset band $200-500M · latest filing 2026-03 · live
Share link (named URL with a preview card): https://getbookiq.com/cu/tongass-15523

Who the members are: federal charter, community charter, organized 1963, low-income designated. 14,609 members of 154,000 potential (9.5% of the field); checking penetration 78% (share draft accounts per 100 members); loans per 100 members 45.

**Verdict on the desk:** this could be *ordinary*. 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 | $246.6M |
| Members | 14,609 (5.3% YoY) |
| Full-time staff | 90 |
| Net worth | $32.0M |
| Net worth ratio | 13.0% (p72 of band) |
| ROA (annualized) | 0.42% (p30 of band) |
| Total delinquency | 0.56% (p46 of band) |
| Net charge-offs (annualized) | 0.24% (p33 of band) |
| Loans / shares | 78% (p60 of band) |
| Cash / assets | 14.0% |
| Borrowings / assets | 6.08% |
| Net interest margin | 4.35% (p89 of band) |
| Operating expense / assets | 5.30% (p96 of band) |
| Vehicles % of loans | 19% (p20 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 13% |
| Third-party paper % of net worth | 31% (p35 of band) |
| Vehicle delinquency | 1.25% (p83 of band) |
| Vehicle NCO | 0.07% (p12 of band) |
| Repossessed % of vehicle book | 0.00% (p25 of band) |
| Real estate % of loans | 37% |
| Credit cards % of loans | 2% |
| Unsecured % of loans | 3% |
| Commercial % of net worth | 145% |
| Core shares % of member funds | 69% |
| Certificates % of member funds | 25% |
| Average share balance | $5,999 |
| Participations bought / yr | $0 |
| Participations sold / yr | $0 |
| Participations outstanding | $9.2M |
| Loans outstanding per 100 members | 45% |
| Loans granted per 100 members, annualized | 8% |
| Average loan balance | $25,011 |
| Loans granted, annualized | $52.1M |

## Participation posture (from the same filings)

Bought $0 and sold $0 in the latest annualized quarter; $9.2M outstanding purchased (28.6% of net worth), $0 sold and retained. Sold in 0 and bought in 5 of the last 8 quarters. Shares 8.6% year over year.

## Flags firing in the latest filing

- **expense trap** (`earn_opex`)
- **delinquency rising** (`aq_dq_rising`)
- **leaning on borrowings** (`str_borrowings`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 0 |  |  |
| 2016-06 | 0 |  |  |
| 2016-09 | 0 |  |  |
| 2016-12 | 1 | net worth falling |  |
| 2017-03 | 2 | thin capital |  |
| 2017-06 | 2 |  |  |
| 2017-09 | 2 |  |  |
| 2017-12 | 1 |  | net worth falling |
| 2018-03 | 1 |  |  |
| 2018-06 | 1 |  |  |
| 2018-09 | 2 | net worth falling |  |
| 2018-12 | 2 | delinquency rising | net worth falling |
| 2019-03 | 1 |  | delinquency rising |
| 2019-06 | 1 |  |  |
| 2019-09 | 1 |  |  |
| 2019-12 | 1 |  |  |
| 2020-03 | 1 |  |  |
| 2020-06 | 3 | net worth falling, margin squeeze |  |
| 2020-09 | 3 |  |  |
| 2020-12 | 2 |  | net worth falling |
| 2021-03 | 2 |  |  |
| 2021-06 | 6 | capital below 7%, net worth falling, delinquency rising |  |
| 2021-09 | 4 |  | margin squeeze, delinquency rising |
| 2021-12 | 4 | delinquency rising | net worth falling |
| 2022-03 | 4 |  |  |
| 2022-06 | 1 | leaning on borrowings | thin capital, capital below 7%, delinquency rising |
| 2022-09 | 1 |  |  |
| 2022-12 | 1 |  |  |
| 2023-03 | 2 | expense trap, delinquency rising | leaning on borrowings |
| 2023-06 | 2 |  |  |
| 2023-09 | 1 |  | expense trap |
| 2023-12 | 2 | expense trap |  |
| 2024-03 | 3 | assets shrinking |  |
| 2024-06 | 2 |  | assets shrinking |
| 2024-09 | 2 | net worth falling | delinquency rising |
| 2024-12 | 1 |  | net worth falling |
| 2025-03 | 1 |  |  |
| 2025-06 | 1 |  |  |
| 2025-09 | 2 | net worth falling, leaning on borrowings | expense trap |
| 2025-12 | 1 |  | net worth falling |
| 2026-03 | 3 | expense trap, delinquency rising |  |

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

- 2026-08-31 [NCUA Bans Three People From Credit Unions - cutoday.info](https://news.google.com/rss/articles/CBMihgFBVV95cUxQZUEyVjVDVTRZWXAtU1hicEhsVndrcGpDaWp5RDhRY3lYdndNZXFpWDBPQWVjcC1DRnVsakdDb0xKd05DOVMyUVpjSG41Z3dOejlaUVhRY2sxZGN4V0JYel9DbEFUYVFYS04teGhtVkcxRWkwTkkxT2t1SkFzajFzeG9jYnY5Zw?oc=5) · cutoday.info
- 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
- 2024-10-14 [Native Americans and banking access: What journalists should know - Radio Television Digital News Association | RTDNA](https://news.google.com/rss/articles/CBMirwFBVV95cUxQaEthNU40U2ZqdjVkZmJoMFRtY1hvLVMxbmhQM0FaTWp2Qnhpb3pGT1NOaVFrUnpwODdZTlkzQXlNV0E0QU8zdTloSWYwOWZrQXFIb1ptV25CQXRUMlROUW9VbHVSMWRVV1lHRnFYSHFZVVVrM0s3TTBIWkN3bDZOWWh3U3BiQ2hDWEQ4TFVMbGtnOTBXZk84T0xZMXJtaUFsSElnWTdzSF9uX3Qxa3RR?oc=5) · Radio Television Digital News Association | RTDNA
- 2025-04-28 [Suddenly, Skagway has multiple banking options - KHNS Radio](https://news.google.com/rss/articles/CBMicEFVX3lxTE5Gb2N2eDNyS3U0TmM1Vnl2allqR2Y5RnhOWG5uNmV1VWI4Q2c2alZSdnQ1a3ZMRUZ0ZW81aXoyMEFZdlM0dEhtTGxncmRJU3lLYmNOMEYtWGNUem5XZ242dnRuM2wwQVBCTUNLdFJMUnc?oc=5) · KHNS Radio
- 2026-08-31 [NCUA Permanently Bans Three Former Credit Union Employees - CUTimes](https://news.google.com/rss/articles/CBMimAFBVV95cUxNcGlBRGZzLXJwVWJUV3RyRzFPYUthOEt4OTk3ejRmYTNwUEhuZ080LW5KVFBTSjlYVGFQWm5NX1BnOV9lUFUtYmljXzl1Z3dPNHk0TzJUMm5qZVJXMXJJWnBVOFotcGZaLXVNZ3diclVIa3N0eWRPS1hfc0Q5OUJEVVRVdjNVbTZ3VVJ4T1BZZUJNSm5JLU02dw?oc=5) · CUTimes
- 2025-04-24 [The CDFI fund supports community lenders. The Trump administration wants it "eliminated.” - marketplace.org](https://news.google.com/rss/articles/CBMinwFBVV95cUxOeHFLQlRvWDVDV21RVHFXaWMtNlQyb2hXYU9xSGJ0QUFpLVV1MHVhOUNQVzJHWlNtU0N0elNGSkZjT0JySUxFeWJMR2tuUnNRUFRHaFZNVnBGQXFPclU4WUM5RXJFX21iR1J5T0pDTmNzT3VSbmd2Yl80cFZKdjg3TlRyRGpodVNid3lNMl9PeXdPZUQ5WkVBWHA2NS00REE?oc=5) · marketplace.org
- 2023-02-08 [Two Southeast Alaska Credit Unions Merge - Alaska Business Magazine](https://news.google.com/rss/articles/CBMiiwFBVV95cUxOQzFSYmM3aG5fc3pIOWlBVnM0c0U0T1JUamJpNUJIMm5wVEl0WDg1RmVvY09YTTBqMTMtdXZSMDRDZHZGODhSUGJBWlFXbEV2a0x1Vll6ZlY3M05TWjR2VmFuUEhBSE91TTljeV9aLVFOb3cxRlE5a3dBTklxZmxrUTFuTTNvbmNMeURZ?oc=5) · Alaska Business Magazine
- 2025-01-15 [Credit Union 1 Answers Skagway’s Call for Greater Financial Access - Alaska Business Magazine](https://news.google.com/rss/articles/CBMiogFBVV95cUxNOTJSOEt6MmFMMC1vT0lobnR1eW9ycG9ueUFSUThNZ3lGbTVsb0JsUXRubXlORzZkaEJWaEdXU1JGT01qVE5fZnlQR3g4SmRMNmRrTjZtNUgyNjNCSW1ESE1NT2FXdG1VelNIYWU0TEhWWlhWc2pDeEY1eVZKOXd6MS03R2x1WTdFV3ByQ2taRW5ydjRqdTgyRExTY3d3TVliRnc?oc=5) · Alaska Business Magazine

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=15523 (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/35.json (key "15523", 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=15523
- 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