# HERITAGE GROVE
Salem, OR · NCUA charter 16113 · asset band $100-200M · latest filing 2026-03 · live
Share link (named URL with a preview card): https://getbookiq.com/cu/heritage-grove-16113

Who the members are: federal charter, community charter, organized 1964, low-income designated. 8,393 members of 2,458,874 potential (0.3% of the field); checking penetration 69% (share draft accounts per 100 members); loans per 100 members 66.

**Verdict on the desk:** this could be *indirect buyer*. 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 | $166.3M |
| Members | 8,393 (-3.4% YoY) |
| Full-time staff | 30 |
| Net worth | $19.5M |
| Net worth ratio | 11.7% (p51 of band) |
| ROA (annualized) | 0.53% (p39 of band) |
| Total delinquency | 1.19% (p80 of band) |
| Net charge-offs (annualized) | 0.41% (p59 of band) |
| Loans / shares | 71% (p52 of band) |
| Cash / assets | 14.0% |
| Borrowings / assets | 0.00% |
| Net interest margin | 3.67% (p49 of band) |
| Operating expense / assets | 3.47% (p44 of band) |
| Vehicles % of loans | 49% (p70 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 89% |
| Third-party paper % of net worth | 242% (p90 of band) |
| Vehicle delinquency | 1.84% (p89 of band) |
| Vehicle NCO | 0.65% (p58 of band) |
| Repossessed % of vehicle book | 0.32% (p91 of band) |
| Real estate % of loans | 41% |
| Credit cards % of loans | 2% |
| Unsecured % of loans | 3% |
| Commercial % of net worth | 12% |
| Core shares % of member funds | 60% |
| Certificates % of member funds | 25% |
| Average share balance | $8,524 |
| Participations bought / yr | $5.5M |
| Participations sold / yr | $0 |
| Participations outstanding | $5.5M |
| Loans outstanding per 100 members | 66% |
| Loans granted per 100 members, annualized | 9% |
| Average loan balance | $18,795 |
| Loans granted, annualized | $50.5M |

## Participation posture (from the same filings)

Bought $5.5M and sold $0 in the latest annualized quarter; $5.5M outstanding purchased (28.0% of net worth), $0 sold and retained. Sold in 0 and bought in 1 of the last 8 quarters. Shares 2.0% year over year.

## Flags firing in the latest filing

- **members leaving** (`shrink_members`)
- **3rd-party paper>100% NW** (`str_thirdparty`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 2 | thin capital, 3rd-party paper>100% NW |  |
| 2016-06 | 2 |  |  |
| 2016-09 | 2 |  |  |
| 2016-12 | 2 |  |  |
| 2017-03 | 2 |  |  |
| 2017-06 | 4 | net worth falling, delinquency rising |  |
| 2017-09 | 2 |  | net worth falling, delinquency rising |
| 2017-12 | 2 |  |  |
| 2018-03 | 2 |  |  |
| 2018-06 | 2 |  |  |
| 2018-09 | 1 |  | thin capital |
| 2018-12 | 1 |  |  |
| 2019-03 | 3 | delinquency rising, assets shrinking |  |
| 2019-06 | 3 |  |  |
| 2019-09 | 1 |  | delinquency rising, assets shrinking |
| 2019-12 | 1 |  |  |
| 2020-03 | 1 |  |  |
| 2020-06 | 2 | net worth falling |  |
| 2020-09 | 2 |  |  |
| 2020-12 | 4 | margin squeeze, delinquency 2x band |  |
| 2021-03 | 4 |  |  |
| 2021-06 | 3 |  | net worth falling |
| 2021-09 | 3 |  |  |
| 2021-12 | 2 |  | delinquency 2x band |
| 2022-03 | 1 |  | margin squeeze |
| 2022-06 | 1 |  |  |
| 2022-09 | 1 |  |  |
| 2022-12 | 1 |  |  |
| 2023-03 | 1 |  |  |
| 2023-06 | 1 |  |  |
| 2023-09 | 3 | delinquency rising, assets shrinking |  |
| 2023-12 | 2 |  | assets shrinking |
| 2024-03 | 5 | delinquency 2x band, assets shrinking, members leaving |  |
| 2024-06 | 6 | repo signal |  |
| 2024-09 | 3 |  | delinquency rising, delinquency 2x band, assets shrinking |
| 2024-12 | 2 |  | repo signal |
| 2025-03 | 3 | delinquency 2x band |  |
| 2025-06 | 1 |  | members leaving, delinquency 2x band |
| 2025-09 | 2 | members leaving |  |
| 2025-12 | 2 |  |  |
| 2026-03 | 2 |  |  |

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

- 2024-03-28 [Heritage Grove helps replant Oregon forests - Keizertimes](https://news.google.com/rss/articles/CBMiiwFBVV95cUxQeVgtSy1wNE9lNncycGN4MlRRWjR6TE51amRLMTZ2YjRvZS1vdXRHa3BBUGNwLVo2RzJ4V2RrWVYxc1hmb2hQOXNKbHdwRXZNcFREYUZ5WmRDOEwzNmFSNTIwYnhxdDRxSGlmMnpJOHhNdDFTbWJ5QzV6alBwUUZqUUZJalc3OHZ2Mi1Z?oc=5) · Keizertimes
- 2025-10-09 [Powerlist: Credit Unions - oregonbusiness.com](https://news.google.com/rss/articles/CBMiYEFVX3lxTFBHNGdGRndIcGtFMTVKM280WTh6cWYwRE9QZVpkcktRT2kwSDh4WWd6ZEktVGZ2V3l6U3dDNGxJUzBsazUySmtOS3pkaEU1aGFWTlhvMmZhQVFBVWhZaUVMNA?oc=5) · oregonbusiness.com
- 2020-08-26 [myCUmortgage adds 3 new credit union partners - americanbanker.com](https://news.google.com/rss/articles/CBMimgFBVV95cUxQZTdRbFZpMnltVHgxZ3hsMzJpcWNOZm1ZUkJUMUJxaXdUR29rd0Y2enNNRnM4Y0VHZVhwOGkyX3ExSl9aakdzNEtnUmctaEI2bzRiMjJ4MHQya21pRExTRGdNMU0xaGF2bHJGNjVMRkxPRE5TU2UteXNGQzN0bk92TEV4d1JHMlZ6b3MyYzQzdThLYnlGNjl0MW9n?oc=5) · americanbanker.com
- 2013-08-30 [Hello, My Name Is… Truity, Bankwell, Ion, Align, Sage - The Financial Brand](https://news.google.com/rss/articles/CBMiqAFBVV95cUxPRWxQQjgtSFd5YUxrNmZYVWlWeVk5UEJ4X0hJYl8zajgtVDFtdWxtMFo0SXZ6eDZxanVyVnVKVDBfNWdTd3pMZl9mdHNnY3dfSzVWSHp5SjIwNUdBS2Q0WHpTNUZoTTFPUWdyVlFTMk1jcFNxUWZfck9Ob0FoNVg4Mmpwd0xWY2R6d0xlZnJGWHNCZFJuM1czTjZUMzNpZDlWVWZEbWFYRlI?oc=5) · The Financial Brand
- 2019-06-20 [PHOTOS: City of Salem holds sixteenth annual Public Works Day - Statesman Journal](https://news.google.com/rss/articles/CBMi0wFBVV95cUxNdXhXNWFsdnJUX0RSandXQnNZT045N3FCZ05OcXJvbmtXc2hoRDBuN2pXRnZUZWNjYzJKdkM3UWNVV2htY2ZhYVdleUQzbWtsMmg4MThFaElXOEZNdjE3c0Fzc215SUF1YnlRWHRHcWQxc2JtUlpxeDZmaWd3SUhJb3hYRGVXd0NBQTNzQzhPQWU1ZE51Y2ptdnhVVFdXTmw3dGlpZHhmTXNpRW1tSndnSnI1Q2w4VjNGVVhKRXFvNkd1RjR1ODVtdzUyd2N1VEF5dG5j?oc=5) · Statesman Journal
- 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
- 2014-05-07 [Best Of Credit Union Marketing: CUNA Diamond Award Winners 2014 - The Financial Brand](https://news.google.com/rss/articles/CBMinwFBVV95cUxPb2ZFTWl6d3ZwSGt4aDJZczBaUzlEREo5OXl2c0VnbTRzYldJSDBwMXN2aXNoTndTeVV0VFdoMGhuYWtzQUVrZXZDNUxpaEJ4R2Fxcl90eWRUNjZkMmI0d2J2X2doR1d2cmRLQXpBaE8xU2pHZzlWWV9ERjhqUFN4bWQtb1d4LURiQ09pQlo0RURFLW1DODFIXzk5Y2c1bTQ?oc=5) · The Financial Brand
- 2026-02-07 [Paul Oliver Cormier Obituary (2026) - Salem, OR - City View Funeral Home and Cemetery - legacy.com](https://news.google.com/rss/articles/CBMigAFBVV95cUxNVDUzc2pHQUlwN1JsREhRMjNZTzAydU9iMkpnbUFuT1pmaDNLSzRvN3V2RHhWdllKS2dnWFg4a0s1ZzdqU2JTRjJzZ05PSjNxZXZHcDg5T2RlQ1VNTmpEc3VFTmVmaEpNMEpmVFk2azFkUjV4TFhtVFpyVW9JRXo0WA?oc=5) · legacy.com

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=16113 (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/49.json (key "16113", 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=16113
- 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