# GRANITE
Salt Lake City, UT · NCUA charter 24726 · asset band $500M-1B · latest filing 2026-03 · live
Share link (named URL with a preview card): https://getbookiq.com/cu/granite-24726

Who the members are: federal charter, community charter, organized 1986, low-income designated. 40,620 members of 2,928,977 potential (1.4% of the field); checking penetration 64% (share draft accounts per 100 members); loans per 100 members 43.

**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 | $917.0M |
| Members | 40,620 (8.7% YoY) |
| Full-time staff | 148 |
| Net worth | $90.9M |
| Net worth ratio | 9.9% (p41 of band) |
| ROA (annualized) | 0.43% (p32 of band) |
| Total delinquency | 0.41% (p32 of band) |
| Net charge-offs (annualized) | 0.55% (p62 of band) |
| Loans / shares | 91% (p82 of band) |
| Cash / assets | 7.5% |
| Borrowings / assets | 6.60% |
| Net interest margin | 2.71% (p10 of band) |
| Operating expense / assets | 2.67% (p13 of band) |
| Vehicles % of loans | 23% (p36 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 63% |
| Third-party paper % of net worth | 126% (p57 of band) |
| Vehicle delinquency | 1.00% (p78 of band) |
| Vehicle NCO | 2.05% (p85 of band) |
| Repossessed % of vehicle book | 0.00% (p18 of band) |
| Real estate % of loans | 34% |
| Credit cards % of loans | 1% |
| Unsecured % of loans | 2% |
| Commercial % of net worth | 311% |
| Core shares % of member funds | 31% |
| Certificates % of member funds | 47% |
| Average share balance | $7,658 |
| Participations bought / yr | $5.8M |
| Participations sold / yr | $0 |
| Participations outstanding | $68.1M |
| Loans outstanding per 100 members | 43% |
| Loans granted per 100 members, annualized | 12% |
| Average loan balance | $39,732 |
| Loans granted, annualized | $156.9M |

## Participation posture (from the same filings)

Bought $5.8M and sold $0 in the latest annualized quarter; $68.1M outstanding purchased (74.9% of net worth), $16.4M sold and retained. Sold in 4 and bought in 5 of the last 8 quarters. Shares 4.1% year over year.

## Flags firing in the latest filing

- **leaning on borrowings** (`str_borrowings`)
- **3rd-party paper>100% NW** (`str_thirdparty`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 1 | 3rd-party paper>100% NW |  |
| 2016-06 | 1 |  |  |
| 2016-09 | 1 |  |  |
| 2016-12 | 1 |  |  |
| 2017-03 | 1 |  |  |
| 2017-06 | 1 |  |  |
| 2017-09 | 1 |  |  |
| 2017-12 | 1 |  |  |
| 2018-03 | 1 |  |  |
| 2018-06 | 1 |  |  |
| 2018-09 | 2 | members leaving |  |
| 2018-12 | 1 |  | members leaving |
| 2019-03 | 1 |  |  |
| 2019-06 | 0 |  | 3rd-party paper>100% NW |
| 2019-09 | 0 |  |  |
| 2019-12 | 0 |  |  |
| 2020-03 | 2 | net worth falling, leaning on borrowings |  |
| 2020-06 | 2 |  |  |
| 2020-09 | 1 |  | net worth falling |
| 2020-12 | 0 |  | leaning on borrowings |
| 2021-03 | 0 |  |  |
| 2021-06 | 1 | net worth falling |  |
| 2021-09 | 1 | delinquency rising | net worth falling |
| 2021-12 | 0 |  | delinquency rising |
| 2022-03 | 0 |  |  |
| 2022-06 | 0 |  |  |
| 2022-09 | 2 | leaning on borrowings, 3rd-party paper>100% NW |  |
| 2022-12 | 2 | delinquency rising | leaning on borrowings |
| 2023-03 | 2 |  |  |
| 2023-06 | 2 | margin squeeze | delinquency rising |
| 2023-09 | 5 | delinquency rising, loans>95% of shares, leaning on borrowings |  |
| 2023-12 | 4 |  | delinquency rising |
| 2024-03 | 3 | net worth falling, delinquency rising | margin squeeze, loans>95% of shares, leaning on borrowings |
| 2024-06 | 0 |  | 3rd-party paper>100% NW, net worth falling, delinquency rising |
| 2024-09 | 2 | leaning on borrowings, 3rd-party paper>100% NW |  |
| 2024-12 | 2 |  |  |
| 2025-03 | 2 |  |  |
| 2025-06 | 2 |  |  |
| 2025-09 | 2 |  |  |
| 2025-12 | 2 |  |  |
| 2026-03 | 2 |  |  |

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

- 2026-04-23 [Granite Credit Union Opens 14th Branch Location - Yahoo Finance](https://news.google.com/rss/articles/CBMinAFBVV95cUxOWWtweUFjNFBoWUdyWjJ6UUU2QWh2R2tkUzdzZG5hUmxRek9UcGtqamVBMnh5WFdYem4zQ1lvaUg0VHlVenlUY1pIU1U5eXpmakJsYWVrVVlJUkJLdTRXVlhLa1NNNE5aUDY5ZzlpRnEyOUppWEFNYmNlTlFkOWJhbV90OURtMDNTZ0tSWkc4NEs2S1ZEczNQd3ctalg?oc=5) · Yahoo Finance
- 2025-05-15 [Granite Credit Union turns 90 and celebrates with the community by giving back - CUInsight](https://news.google.com/rss/articles/CBMiuwFBVV95cUxNVThJSURDS09sbUVjSkdXd3J3SEVnRlFvVzFyamlmNmtqT290bnB0anR5ZFZzeVFINml0UWdaNTNvSnY4bG54UWlmRG9mbkNMZzdfT1h3elkxVG11MnUxbExYenFDZjhBcGRXelZoRFNWaEY4Rm5GN0tMSkxuVUtqbHd4dEhqUlRrdUlYV3pDQ09lcWxjenNoSjQxSjFCZi1hQTY4OXVmLVY3eG5kanc4bS1FN3F0QmxYLUFr?oc=5) · CUInsight
- 2026-08-21 [Vaunette C. Hoskins Obituary (2026) - Riverton, UT - Broomhead Funeral Home - Riverton - legacy.com](https://news.google.com/rss/articles/CBMihgFBVV95cUxQNGQ0V3h0R3FvZm1Yc05SZFNXV2FjOFRleUlENHBqMEpHcGlrZWpGcFQwX0gzSGt3eTN4UHZyeVhtajNKRV81dkxQQVJCSnhqMTBYd0ZudE9KQllBWEd2NHF2aExRdm0tNEdfY0FGdHB3cTNFYXhZb092aV9Dam1saVFJRjBBQQ?oc=5) · legacy.com
- 2025-10-21 [Appli Hits $1 Billion in Member Calculations, Expands Credit Union Footprint in First Year - TechBuzz News](https://news.google.com/rss/articles/CBMifkFVX3lxTFBGdU50Ylhmc1M4dzNpMnlvMzA4SHptSUpKejhrMG9sMmFtck1EMC1IMXYzaXdfcXQyNERxX3ROVVhlcFNXY2Q5VDFnMnhVZzhtSXhYMUV5bmVBZkpWbUQ2SU02STZoM2Z1X1dna0ZTSWZWb0cwMjNRak1GWEZfQQ?oc=5) · TechBuzz News
- 2026-05-16 [Andrea Alger Obituary - Millcreek, UT - Dignity Memorial](https://news.google.com/rss/articles/CBMigwFBVV95cUxQSUdxQy1kT2RvU0l1MExjb2FNbUY2QW5rV1ljaVhGODdCNFZiV1pFQ0MzUVJPWjdSZDVkeUZkcnpxMTlxdnV4NVAwb29aOXJva2xvb3JoQlZFT1c4YXJpNUFzaDFKelFQb2VNaldqY2VHeVNmU1FBWXlfNXhkX1dzOXA5TQ?oc=5) · Dignity Memorial
- 2024-05-20 [Granite Credit Union partnership brings first full Spanish-speaking in-store financial branch to Salt Lake Valley now open at Rose Park Rancho Market - Utah Business](https://news.google.com/rss/articles/CBMiogFBVV95cUxQSWdOd1JfdWpVS3EzSkstaXNJTk5QeVlvVktEWDQyTW5CeG4zR1BoMXMyNVVBRER6ZUVmS19oa0FZSG9sSkRrc1J5RVBaNHdyanJOVV9kZEhkdFpSZjhLX2JjNm9ObllGTWxybDNIUy1MWk1NcF9OVl80NFZlTUhaVVNkdmlpSnhLMTR0SnRuQmhIM1N5Vk9ldVFKLVBNQkxKLVE?oc=5) · Utah Business
- 2025-01-02 [Granite Credit Union kicks off 90th anniversary and 2025 with two new branches - CUInsight](https://news.google.com/rss/articles/CBMiuwFBVV95cUxQNkxMQ2VGZGlFQnF3akw5Q3UtX0V2TnVxVWN6dUxaVUR0MU9RNFpzVWVkNFE4SHpYeWdpNjBTRkpnYTRnU2VfMEh3LVk5U3pKSkxmVzhEcFFTeGMycE9FaGVnUndvUWxzOUk5aUZaZXI5dXJXaFFlRzY1TDlBVXg2X04zVlBUYU42TXAtOF91bWtyNE5yS1hwd09CX01ZX3lKRFR4WlpJQ0lJbnozNU41aFhwWjUtXzd6b3Nj?oc=5) · CUInsight
- 2025-04-08 [America's Best Regional Banks and Credit Unions 2025 - Utah - Newsweek Rankings](https://news.google.com/rss/articles/CBMiigFBVV95cUxQek4waVdJMDZoYXhucHVYdlZjdjdNclBsb1VGSjhiNXowd204cGlZdHh1cDhyWkxiem9RSE5pYWk5Ni16RGV4aFNPRWwwRUdyU0pRR2dWVGJvUFpTSGtNOGozc3IzVzJKc3dzLWxkN2Q5Uk5oZm1TeTdUb19ZRzVUc1JodnlrMEp0a1E?oc=5) · Newsweek Rankings

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=24726 (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/22.json (key "24726", 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=24726
- 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