# FLUKE EMPLOYEES
Everett, WA · NCUA charter 20655 · asset band <$50M · latest filing 2020-06 · stopped filing after 2020-06 (departed; for a credit union that is almost always a merger)
Share link (named URL with a preview card): https://getbookiq.com/cu/fluke-employees-20655

Who the members are: federal charter, manufacturing (single sponsor), organized 1971. 402 members of 2,150 potential (18.7% of the field); checking penetration 0% (share draft accounts per 100 members); loans per 100 members 67.

**Verdict on the desk:** this could be *auto monoline*. 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 | $2.6M |
| Members | 402 (-14.7% YoY) |
| Full-time staff | 0 |
| Net worth | $555,692 |
| Net worth ratio | 21.7% (p87 of band) |
| ROA (annualized) | 2.86% (p99 of band) |
| Total delinquency | 0.00% (p7 of band) |
| Net charge-offs (annualized) | 0.52% (p74 of band) |
| Loans / shares | 53% (p48 of band) |
| Cash / assets | 28.4% |
| Borrowings / assets | 0.00% |
| Net interest margin | 3.27% (p61 of band) |
| Operating expense / assets | 2.06% (p16 of band) |
| Vehicles % of loans | 82% (p90 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 0% |
| Third-party paper % of net worth | 0% (p45 of band) |
| Vehicle delinquency | 0.00% (p16 of band) |
| Vehicle NCO | 0.00% (p29 of band) |
| Repossessed % of vehicle book | 0.00% (p45 of band) |
| Real estate % of loans | 0% |
| Credit cards % of loans | 0% |
| Unsecured % of loans | 18% |
| Commercial % of net worth | 0% |
| Core shares % of member funds | 100% |
| Certificates % of member funds | 0% |
| Average share balance | $4,999 |
| Participations bought / yr | $0 |
| Participations sold / yr | $0 |
| Participations outstanding | – |
| Loans outstanding per 100 members | 67% |
| Loans granted per 100 members, annualized | 39% |
| Average loan balance | $3,982 |
| Loans granted, annualized | $292,326 |

## Flags firing in the latest filing

- **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 | 2 | losing money, auto monoline |  |
| 2016-06 | 2 |  |  |
| 2016-09 | 3 | net worth falling |  |
| 2016-12 | 1 |  | losing money, net worth falling |
| 2017-03 | 3 | losing money, members leaving |  |
| 2017-06 | 5 | charge-offs p90, assets shrinking |  |
| 2017-09 | 4 |  | charge-offs p90 |
| 2017-12 | 4 |  |  |
| 2018-03 | 2 | loan book shrinking | losing money, members leaving, assets shrinking |
| 2018-06 | 2 |  |  |
| 2018-09 | 3 | delinquency 2x band, delinquency rising | loan book shrinking |
| 2018-12 | 3 | repo signal | delinquency 2x band |
| 2019-03 | 3 | members leaving | repo signal |
| 2019-06 | 5 | charge-offs p90, assets shrinking |  |
| 2019-09 | 3 |  | delinquency rising, charge-offs p90 |
| 2019-12 | 3 | net worth falling | assets shrinking |
| 2020-03 | 2 |  | net worth falling |
| 2020-06 | 3 | loan book shrinking |  |

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

- 2020-12-29 [Our most read credit union stories from 2020 - American Banker](https://news.google.com/rss/articles/CBMimAFBVV95cUxQTjlmZ3NiRWtOdzI0N01IZkhSWEtfSmJHekxwNDAtRGo3UUZmdkhpc2dMQmVsaUo4WDllR0xMbndXNjNqUHJxMEZibUZFSGctQlVwLVUxRlB0NXl2MS1vS2tvRXJ6TjgxcjRJUmRheHAybzJkcThVdjhYeW1ZdVhpWmcxSGlkT1F1cnBvNWF3MzFwZjBINFdiZQ?oc=5) · American Banker
- 2024-03-11 [Sound Credit Union to acquire Olympia commercial bank - The Business Journals](https://news.google.com/rss/articles/CBMiogFBVV95cUxONUlHTS1YWC16UDRuMnNuUUo4UGFVVGcyZm5XLWtScTlKVngzbHdWMGNtMkg5dmdma3ZvZDlneVU4dTQ2S09EdXZvUVlweElwMzlEckRzd05vekdLanM5eEpOenJtS2ZJRHlJQnhOOF9yTllmSEVpY0FzTnZXTzZreUUzd2tTcXZjenBXSXc4Y0hwYXFTMFJMUy0tX3pmek4yWGc?oc=5) · The Business Journals
- 2020-08-31 [Sound Credit Union in Wash. buying branch from First Interstate - American Banker](https://news.google.com/rss/articles/CBMisAFBVV95cUxNeEswcjhnakVGZ05fdTlyMUFrVjNXZ3JDT0NBd1dCZEl3Vk4wdlFsX0ZRbWUxMDF4U1ZQQ3FqNTE1QWxxVGVxeHozems2cjlNVk1tajQzdm9uY3VYSjFDR3FhME43Mmp6a3RfNUo4LUVjX2pLN3pieHNkOUVfVXVLU09wNGNOejI0WWxzSm4yZFU2OVdhSGdkaGN1OWZXYjlZSFMtLTlIcDA5SnJlNFJPVA?oc=5) · American Banker

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=20655 (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/47.json (key "20655", 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=20655
- 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