# DEPARTMENT OF COMMERCE
Washington, DC · NCUA charter 16410 · asset band $500M-1B · latest filing 2026-03 · live
Share link (named URL with a preview card): https://getbookiq.com/cu/department-of-commerce-16410

Who the members are: federal charter, multiple common bond, organized 1964, low-income designated. 29,033 members of 500,000 potential (5.8% of the field); checking penetration 39% (share draft accounts per 100 members); loans per 100 members 72.

**Verdict on the desk:** this could be *stressed*. Composite score 9 of 18 (one point per flag across 17 flags, capital below 7% counted twice).

## What the filing shows

| Measure | Value |
|---|---|
| Total assets | $762.4M |
| Members | 29,033 (-2.7% YoY) |
| Full-time staff | 83 |
| Net worth | $43.2M |
| Net worth ratio | 5.7% (p0 of band) |
| ROA (annualized) | 0.51% (p42 of band) |
| Total delinquency | 1.39% (p93 of band) |
| Net charge-offs (annualized) | 1.85% (p98 of band) |
| Loans / shares | 96% (p92 of band) |
| Cash / assets | 3.3% |
| Borrowings / assets | 2.95% |
| Net interest margin | 2.97% (p19 of band) |
| Operating expense / assets | 3.03% (p23 of band) |
| Vehicles % of loans | 7% (p5 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 24% |
| Third-party paper % of net worth | 395% (p96 of band) |
| Vehicle delinquency | 0.82% (p67 of band) |
| Vehicle NCO | 0.47% (p27 of band) |
| Repossessed % of vehicle book | 0.10% (p65 of band) |
| Real estate % of loans | 69% |
| Credit cards % of loans | 1% |
| Unsecured % of loans | 17% |
| Commercial % of net worth | 0% |
| Core shares % of member funds | 31% |
| Certificates % of member funds | 39% |
| Average share balance | $12,993 |
| Participations bought / yr | $64.1M |
| Participations sold / yr | $90.0M |
| Participations outstanding | $96.0M |
| Loans outstanding per 100 members | 72% |
| Loans granted per 100 members, annualized | 5% |
| Average loan balance | $31,488 |
| Loans granted, annualized | $45.6M |

## Participation posture (from the same filings)

Bought $64.1M and sold $90.0M in the latest annualized quarter; $96.0M outstanding purchased (222.2% of net worth), $65.8M sold and retained. Sold in 8 and bought in 6 of the last 8 quarters. Shares -9.2% year over year.

## Flags firing in the latest filing

- **thin capital** (`cap_low`)
- **capital below 7%** (`cap_critical`)
- **net worth falling** (`cap_falling`)
- **delinquency 2x band** (`aq_dq_high`)
- **charge-offs p90** (`aq_nco_high`)
- **assets shrinking** (`shrink_assets`)
- **loans>95% of shares** (`str_ltos`)
- **3rd-party paper>100% NW** (`str_thirdparty`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 2 | thin capital, leaning on borrowings |  |
| 2016-06 | 1 |  | leaning on borrowings |
| 2016-09 | 2 | leaning on borrowings |  |
| 2016-12 | 2 |  |  |
| 2017-03 | 2 |  |  |
| 2017-06 | 3 | members leaving |  |
| 2017-09 | 2 |  | leaning on borrowings |
| 2017-12 | 2 |  |  |
| 2018-03 | 2 |  |  |
| 2018-06 | 2 |  |  |
| 2018-09 | 4 | net worth falling, leaning on borrowings |  |
| 2018-12 | 4 |  |  |
| 2019-03 | 2 |  | members leaving, net worth falling |
| 2019-06 | 2 |  |  |
| 2019-09 | 2 |  |  |
| 2019-12 | 2 |  |  |
| 2020-03 | 3 | net worth falling |  |
| 2020-06 | 3 |  |  |
| 2020-09 | 4 | loans>95% of shares |  |
| 2020-12 | 2 |  | net worth falling, loans>95% of shares |
| 2021-03 | 2 |  |  |
| 2021-06 | 1 |  | thin capital |
| 2021-09 | 2 | loans>95% of shares |  |
| 2021-12 | 4 | thin capital, net worth falling |  |
| 2022-03 | 5 | losing money, 3rd-party paper>100% NW | loans>95% of shares |
| 2022-06 | 8 | capital below 7%, delinquency rising, loans>95% of shares | losing money |
| 2022-09 | 5 |  | net worth falling, capital below 7% |
| 2022-12 | 4 |  | leaning on borrowings |
| 2023-03 | 6 | net worth falling, losing money |  |
| 2023-06 | 6 |  |  |
| 2023-09 | 6 | delinquency 2x band | loans>95% of shares |
| 2023-12 | 9 | charge-offs p90, members leaving, loans>95% of shares |  |
| 2024-03 | 11 | capital below 7% |  |
| 2024-06 | 5 |  | delinquency rising, net worth falling, delinquency 2x band, members leaving, capital below 7% |
| 2024-09 | 4 |  | losing money |
| 2024-12 | 3 |  | loans>95% of shares |
| 2025-03 | 12 | capital below 7%, net worth falling, losing money, margin squeeze, delinquency 2x band, repo signal, assets shrinking, loan book shrinking |  |
| 2025-06 | 11 | members leaving | net worth falling, margin squeeze |
| 2025-09 | 10 | loans>95% of shares | delinquency 2x band, loan book shrinking |
| 2025-12 | 11 | delinquency 2x band |  |
| 2026-03 | 9 | net worth falling | losing money, repo signal, members leaving |

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

- 2026-04-21 [Nearly $56M Awarded to Early Learning Facilities in Washington - southsoundmag.com](https://news.google.com/rss/articles/CBMixAFBVV95cUxNb0w5UF92UmE5dk1SbklqWC12dThHazI5Y003N0laQ1hzOVFIQnJmX1M5Tk5vQW1CODAxdXFiSnJwSEV2RlgyRmxHQVUzdVd2Z2ZWd09sUzdDblZJcEoxN0hHTExzTkFGQ205emV3ay0tZ20yZE02MVpoUVRfcjAtV3lHWFZhU3JHOFRtMldUMG84MnI1aUFXYW4zRjFwOGw5VjQyRVgxNkRoVmVXcnBJMmVZMno1c1lZTGJIcjI1MjJJVGtf?oc=5) · southsoundmag.com
- 2026-06-09 [Olympia committee to discuss tenant purchase policies - thejoltnews.com](https://news.google.com/rss/articles/CBMimwFBVV95cUxOUkRmQl95bjFSVS1xaVVFLXhXWEJkcTFpYWpodE9oX1gyQ0xzeHdLanlVNWpNM2VVdmViQlZwM0Q4TkJKdDJybkVDYzRrSVV5UXZhdEd2ejNaR3Vuc2lsNWNVTXNkSmhpQ1FSMlBnYm5laEw3ZFlpTFZob2FDTi1ndERMbHlmalZwSzBhekxkMFllbXgzWDJFQ08zaw?oc=5) · thejoltnews.com
- 2023-06-05 [Clark Retires From DOCFCU - cutoday.info](https://news.google.com/rss/articles/CBMib0FVX3lxTE9xam1aNGU0OE1oVWdwR3pGM0FUTTBjMl8wanljbGRzRTFaV1dXNkRYRlVJcTE4S0RpU1dOR2xXQWNyaC0yY2k2RlVTWjVkZnJZenF5SmdlRl9TeWwtbnY0YnNkM1JzWENPWGpQM2pmcw?oc=5) · cutoday.info
- 2018-09-12 [Commerce grants $3 million from Clean Energy Fund to Nonprofit Lenders - Washington State Department of Commerce (.gov)](https://news.google.com/rss/articles/CBMinwFBVV95cUxOdklvMGdManFyVzJIenBqZVN6Ukw3Q21EcVVIWm5QYi1tYlg5bXlhbWdzZVpQd1hGR2hpdUpCc0ZPaGpqbUgzQXlUTXBUSHlLTkZOMFlGenFoSmtUZlItVUJ4RUNKbVJzSnR2cDJvOU1VNEJiWXRjSDRCLWFnNUd2dWJIUUNhTTc0TU9zN3NJMWJLTkJseDJzNW5YYjhTbGc?oc=5) · Washington State Department of Commerce (.gov)
- 2020-06-18 [Fazio Named New Executive Director, Others Named to Key Positions - NCUA (.gov)](https://news.google.com/rss/articles/CBMiqgFBVV95cUxNbVNhbk4tVTRFZjlPTElnbUMzT3U5bEdYTmlVTEVwbEtTTTNtQU9tb2ZxNi1sRmhnRU11ZG5SLWVKbGd1Z044SUtIYklLVlQ2SEFrbE5kVDFReUF2T1JiXzBBTVRmaXptV1E5SFNlcEF2MHlPTEpSS3h3bXBaMmp0T0RyVDYzdW5pTHRUeEJZemR6c2NmelpNRTQtVkM4Uy11eWswRzRNZ2otZw?oc=5) · NCUA (.gov)
- 2020-11-24 [5 Organizations Win U.S. Department of Commerce’s 2020 Baldrige Awards for Performance Excellence - National Institute of Standards and Technology (.gov)](https://news.google.com/rss/articles/CBMirwFBVV95cUxOa05DRkdPelhOaXZqcG9OWFdTMTF0ZE9wVFZGTVh1VmxMQW1MTE5IbW9KZS1QaDR4VHRSOEQ0dXQ1TW02TGxpTnlrNlBMTVpwNVllZ0YxOVdycWRpRGxQZVNjVkU3c1JJcl9NNFBrWGRoZGY4MEg1ajdRSE5Hc1FwT2Z0UHVXMWdKajRKZUYxc25kMm5KUmxvV29naFBtZmtmejhiZXgyOWFFeGdCenNB?oc=5) · National Institute of Standards and Technology (.gov)
- 2025-03-19 [Washington Business Journal to Honor CEOs of Strativia and Educational Systems Federal Credit Union - The Washington Informer](https://news.google.com/rss/articles/CBMic0FVX3lxTE9nT0xMNngwMDZTRXgwWGVYUU5INThCek40M2JOeU1jMjNWdzl3SjExMldVQ20xWlJFdlBYdmt5RDJYR3cweWJLeEFEMkJ3VW1Ec1ZlUUV6VmcxT3hxUVUwaUt4SkNkc2p6M1VkekdYTHkzdFE?oc=5) · The Washington Informer
- 2024-01-04 [Seattle’s Newest Housing Hero: Credit Unions - Next City](https://news.google.com/rss/articles/CBMigwFBVV95cUxNSzZZTnJKRzY5c3FkaGxTZmJsUlZSSDBQQWxzX1VkcjlQVVktQXhwZm5GZWZVTlRvTk0tbXlTSjdWX0dFMldjcFJRRkxiN1JLVkNoUWphQU5QVTFBTlo2WHN0UlBYYzNiRXA0c3JUNVBWZC1uMlI1UHpCQzdXd3dmMFpVSQ?oc=5) · Next City

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=16410 (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/26.json (key "16410", 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=16410
- 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