# LEGACY
Portland, OR · NCUA charter 20512 · asset band $50-100M · latest filing 2021-12 · stopped filing after 2021-12 (departed; for a credit union that is almost always a merger)
Share link (named URL with a preview card): https://getbookiq.com/cu/legacy-20512

Who the members are: federal charter, multiple common bond, organized 1971. 3,125 members of 20,000 potential (15.6% of the field); checking penetration 41% (share draft accounts per 100 members); loans per 100 members 55.

**Verdict on the desk:** this could be *too clean*. Composite score 5 of 18 (one point per flag across 17 flags, capital below 7% counted twice).

## What the filing shows

| Measure | Value |
|---|---|
| Total assets | $53.5M |
| Members | 3,125 (-7.3% YoY) |
| Full-time staff | 4 |
| Net worth | $5.7M |
| Net worth ratio | 10.6% (p54 of band) |
| ROA (annualized) | -1.63% (p0 of band) |
| Total delinquency | 0.00% (p4 of band) |
| Net charge-offs (annualized) | 0.19% (p66 of band) |
| Loans / shares | 20% (p2 of band) |
| Cash / assets | 59.4% |
| Borrowings / assets | 0.00% |
| Net interest margin | 0.89% (p0 of band) |
| Operating expense / assets | 3.08% (p55 of band) |
| Vehicles % of loans | 79% (p97 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 37% |
| Third-party paper % of net worth | 48% (p73 of band) |
| Vehicle delinquency | 0.00% (p15 of band) |
| Vehicle NCO | 0.00% (p19 of band) |
| Repossessed % of vehicle book | 0.00% (p41 of band) |
| Real estate % of loans | 11% |
| Credit cards % of loans | 2% |
| Unsecured % of loans | 9% |
| Commercial % of net worth | 0% |
| Core shares % of member funds | 67% |
| Certificates % of member funds | 8% |
| Average share balance | $9,025 |
| Participations bought / yr | $0 |
| Participations sold / yr | $0 |
| Participations outstanding | – |
| Loans outstanding per 100 members | 55% |
| Loans granted per 100 members, annualized | 13% |
| Average loan balance | $5,511 |
| Loans granted, annualized | $3.9M |

## Flags firing in the latest filing

- **losing money** (`earn_negative`)
- **margin squeeze** (`earn_nim_squeeze`)
- **members leaving** (`shrink_members`)
- **loan book shrinking** (`shrink_loans`)
- **auto monoline** (`str_vehicle`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 1 | auto monoline |  |
| 2016-06 | 1 |  |  |
| 2016-09 | 2 | net worth falling |  |
| 2016-12 | 1 |  | net worth falling |
| 2017-03 | 1 |  |  |
| 2017-06 | 1 |  |  |
| 2017-09 | 1 |  |  |
| 2017-12 | 2 | assets shrinking |  |
| 2018-03 | 2 |  |  |
| 2018-06 | 3 | members leaving |  |
| 2018-09 | 2 |  | members leaving |
| 2018-12 | 3 | delinquency rising, members leaving | assets shrinking |
| 2019-03 | 2 |  | members leaving |
| 2019-06 | 2 |  |  |
| 2019-09 | 3 | members leaving |  |
| 2019-12 | 3 |  |  |
| 2020-03 | 2 |  | delinquency rising |
| 2020-06 | 4 | margin squeeze, loan book shrinking |  |
| 2020-09 | 5 | net worth falling |  |
| 2020-12 | 5 |  |  |
| 2021-03 | 6 | losing money |  |
| 2021-06 | 5 |  | net worth falling |
| 2021-09 | 4 |  | losing money |
| 2021-12 | 5 | losing money |  |

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

- 2026-08-19 [BJCC board approves extension agreement to keep Legacy Arena name - WBRC](https://news.google.com/rss/articles/CBMimwFBVV95cUxQcHhGVjZ4bGdxd2VGWHRXVndwcTlLdC0zNGswZEFCY2FhU0Y0UjlRN3JxaVFmWHBRTWg3X2kzOGdLYlZ1cFFTeDNySUdPWklyeEd6SGtES1ZUOGZsenBwZ0RtbDFlSkF0RDUxM2s1TXhQR2VyQmNwMjNJZW1QaHB2aUk4SXdsMDI1dm95RFUwZmN0d1lJR3ZhSjN3MNIBrwFBVV95cUxPVjJhRXFUazZZd2hGR1RRdG1NdUFLY2JMeUhTZGVlYXk5ZFY3QzJsSU9hbWdfMHRGNWFTWk9BeU5qQzVIeDlPamRMZU1TUkU3VXBQZnpnbUlOUHdTbzM2ZFU1Tmg0aElEb3dhUmJCelRnVVdjejVwTmctLVVnbG9TOTdPZzlRTVBqWGhvTDEwN01XSDBwcUFyX1FYODJ6dUxSYnhYWVIwdWVHV1VlTHow?oc=5) · WBRC
- 2026-08-19 [Legacy Arena naming rights extended through 2031 - Bham Now](https://news.google.com/rss/articles/CBMihwFBVV95cUxOanFSQXZ4TFFkTXFkWHV1d3dfWFJtSC11cXBvT3ljUTJUbEV4VUN1QllVZ09oOVl2NVViNW1LazJ2VFhTOERvNGhhMXM0cDhaWmxGNDFtRHJmM0c5TnpiYk5zaW9JZzMtdi1wLWc2ajNmUG5iU1YxUy15Umd4c0h1NmQ1UTRaSUU?oc=5) · Bham Now
- 2026-08-20 [Legacy Arena keeps its name as credit union signs $2.5M extension - The Business Journals](https://news.google.com/rss/articles/CBMiqwFBVV95cUxPeTRaQ1AzYVVWSkI4WHVqeC1vNy1KSFNUTm01SWp1MVd2SzhSOHZFZldNV2YzSVc3dWVCRkluRTREY0NqWG5tSUV3QjRENnp2SHVINmp6SmhFZFdkUGIzX1FkQ1g5MXduTjI5eGZzNmpza1NDaS1wWDBxRnhDaFFvMTJfQzM4V2pXTWRoNFlzanNSTloxU1FzOHh5TUVGZDJReFoyOXVJN2lkV3c?oc=5) · The Business Journals
- 2026-08-19 [BJCC board approves 5-year extension of ‘Legacy Arena’ name - Yahoo](https://news.google.com/rss/articles/CBMiigFBVV95cUxNMDYyUEFuTEJYUXNLd09xNGpvU0xqWUlPY2xoWUw1eXhMX3lzSGlLRjdkRmJhSEtGRW1wZ29fc0Ewb241ZHdTZUp5ZEdLZlJkRk9TWTZjZlpadXdhbk96UWZrcDIyczBQb2lQZ01fZHFqTnp0aDNqV0JxbUM2T3B4Q3R6cUhKM2FucHc?oc=5) · Yahoo
- 2026-08-20 [How much will it cost for naming rights to Birmingham’s largest arena? - AL.com](https://news.google.com/rss/articles/CBMitwFBVV95cUxOTGpseG1HWTFCdjNibm9JUlVlZUQ3R1d4N3J1TFdWclNYNm9IalZsTEJzR1JoZEpIYUd5Wld6bVVxd1B0Z1RTZzcyc21wNUlyY3V0OUVhQzNwQWVPZ29GU3ZUU1hWSnpESkQzcjg2Y0RXRGRXSnp2aW9ZQmV6eDBBYWFHQ1BRRDlkRU4wMXIxaWVEOThDUk5aZ3JJcmdNaGJmakxna2p5cVRWaDhxakZWSm5zelkwNUU?oc=5) · AL.com
- 2026-01-21 [Whitefish Credit Union sponsors Whitefish Legacy Partners - Whitefish Pilot](https://news.google.com/rss/articles/CBMipAFBVV95cUxQNmFQOEF4SS1aUnVPNmN0RUM1S2xub3pwekl1RlNGMTB6cWtQaXFnTEN4M3dmNWVSa1JaTkxxLVNGc2JsYVIxcjZXMUtqZ3FIRzFZVDYtYk43TFNzZl8wVTlyZmlSWVFIQl9hZWxJTHR2QmFMYkg4WGpEOHVqZVIySU1zdGpxQXJLQi1rSzc5bXZOUGNZd2VHNHI0REFQOW9TVzBtNg?oc=5) · Whitefish Pilot
- 2026-01-23 [Whitefish Credit Union and Whitefish Legacy Partners extend $50,000 outdoor recreation partnership - KPAX News](https://news.google.com/rss/articles/CBMi3wFBVV95cUxNUUZRVEhQRWpyRnZRYW8yemdjbEtUM3kyNmlBMEpIS1FDUGIyOE5fQTUxdFdiSzMxVXFEb1V3ZUlEbGZScUJKZlZTN0d0azBHbGhibTVzaUlsMHo4RlpMOS1GNG1YSEFEV19kendWVVZMalh5QzY0MzQtT1VZMlBEbFpudk05Vy1vdlZoY1NvaGtiU19adzNPVG10MlZuazBXV0k0MkEyMWdDZjI1US0wb3JaNlNQMGhYWExrMGRzeXVOTDVzYjBscWZDbXU4WEhPWlUwM3NyaFZWZ1JhbDFN?oc=5) · KPAX News
- 2022-01-12 [Change of leadership at Legacy credit union - Business Alabama Magazine](https://news.google.com/rss/articles/CBMifEFVX3lxTFBhX0RsUkxTaTZsS0oxWld0azVzMXdaZTNOeGxwTnRsZWtFNlZuTm1oWmI1UDNrWENXdnUtbjg0Y2ZIcnE0dkt0TG91dTRuOFBLaVAydmVINUUtR1g1cEItOHlyY2ROd2U2c0lwZUx0WkZTMlRYZGRTbXNIT0c?oc=5) · Business Alabama Magazine

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=20512 (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/32.json (key "20512", 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=20512
- 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