# WESTERN HERITAGE
Alliance, NE · NCUA charter 24907 · 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/western-heritage-24907

Who the members are: federal charter, multiple common bond, organized 1936, low-income designated. 8,393 members of 96,339 potential (8.7% of the field); checking penetration 48% (share draft accounts per 100 members); loans per 100 members 39.

**Verdict on the desk:** this could be *stressed*. 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 | $64.4M |
| Members | 8,393 (-13.2% YoY) |
| Full-time staff | 19 |
| Net worth | $5.6M |
| Net worth ratio | 8.7% (p26 of band) |
| ROA (annualized) | -0.08% (p6 of band) |
| Total delinquency | 0.99% (p82 of band) |
| Net charge-offs (annualized) | 0.28% (p77 of band) |
| Loans / shares | 48% (p37 of band) |
| Cash / assets | 14.2% |
| Borrowings / assets | 0.00% |
| Net interest margin | 2.56% (p60 of band) |
| Operating expense / assets | 3.86% (p81 of band) |
| Vehicles % of loans | 56% (p73 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 0% |
| Third-party paper % of net worth | 0% (p30 of band) |
| Vehicle delinquency | 0.51% (p62 of band) |
| Vehicle NCO | 1.43% (p97 of band) |
| Repossessed % of vehicle book | 0.00% (p41 of band) |
| Real estate % of loans | 29% |
| Credit cards % of loans | 4% |
| Unsecured % of loans | 9% |
| Commercial % of net worth | 0% |
| Core shares % of member funds | 66% |
| Certificates % of member funds | 17% |
| Average share balance | $3,914 |
| Participations bought / yr | $0 |
| Participations sold / yr | $0 |
| Participations outstanding | – |
| Loans outstanding per 100 members | 39% |
| Loans granted per 100 members, annualized | 10% |
| Average loan balance | $8,557 |
| Loans granted, annualized | $10.7M |

## Flags firing in the latest filing

- **thin capital** (`cap_low`)
- **losing money** (`earn_negative`)
- **delinquency 2x band** (`aq_dq_high`)
- **members leaving** (`shrink_members`)
- **loan book shrinking** (`shrink_loans`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2018-09 | 4 | thin capital, losing money, expense trap, charge-offs p90 |  |
| 2018-12 | 4 |  |  |
| 2019-03 | 3 |  | expense trap |
| 2019-06 | 3 |  |  |
| 2019-09 | 7 | delinquency 2x band, delinquency rising, assets shrinking, members leaving, loan book shrinking | losing money |
| 2019-12 | 5 |  | delinquency rising, members leaving |
| 2020-03 | 3 |  | charge-offs p90, assets shrinking |
| 2020-06 | 4 | net worth falling, charge-offs p90 | delinquency 2x band |
| 2020-09 | 5 | delinquency 2x band, members leaving | net worth falling |
| 2020-12 | 3 |  | thin capital, loan book shrinking |
| 2021-03 | 5 | thin capital, margin squeeze, loan book shrinking | charge-offs p90 |
| 2021-06 | 3 |  | margin squeeze, loan book shrinking |
| 2021-09 | 4 | loan book shrinking |  |
| 2021-12 | 5 | losing money |  |

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

- 2023-06-07 [Large New Mexico credit union Nusenda buying Western Heritage Bank in El Paso, Las Cruces - El Paso Times](https://news.google.com/rss/articles/CBMi6wFBVV95cUxQVHlBenFDaTNJQjRoOHVaOF9KR2pMdk1hUHR3YVVRMGVxM25vNHM5Vk94cG9oS1R1d045S0t0TWhKM19USmhFc3FiVG1UNGs5QUZzZnQ2S1JpX0kyTGJEeDN4dGVtTnNiWU5sMzB2amdzWEtuUmVsUFhDV3pHWldGaUl6aFN3NTlCYkdrZDhLcDVBMERqYnduUDJyT1R0YlNnVV9Rd3RNaWl5OTdQaFJNZW1aOF9VamtYVXF3RmFyUjlNWXVTcTlrME8xMUNsX2tEYUJFTmRXSDd0d1lQbXliWE5PQk9yaC1Uazdz?oc=5) · El Paso Times
- 2021-09-14 [Wyoming and Nebraska credit unions to merge - americanbanker.com](https://news.google.com/rss/articles/CBMilwFBVV95cUxPN2hPQTFCVVhERVREa1RvVGNuMXhha0RaWURxTnhFZHRPSzFJdnB4WDJOUU5sVzA5UV9yN0p0aFdYeWZkVlpHWV93dHFQYURzbnJKN2NKVFZ1ZlJyYWNvSDR1bERlUjRGeC0xeUZPRzQtbzVHRktVOEhJbXVubWZUenAtamgwVGdpRFRCaFhoYVBFQXl1TnQw?oc=5) · americanbanker.com
- 2021-09-13 [Meridian Trust Federal Credit Union announces proposed merger - County 10](https://news.google.com/rss/articles/CBMiiwFBVV95cUxNTFgwVDBKSE5CZ3Z4TC1CQzE0Y0FfbmdUUUdNUjE5bnpCVE1Dd0pEUzRZVVR6WEtCVVBDZW5QOUVOM0tSR0lqOG9FWWhrRkZCUGkyZGxoOUtPUUpBUXJPdUdmUjhBcFNtam4ybHMxZ2dtMmhZQTZLaVFGQUY2UUZZMHVIb0FaVXNTMmpz?oc=5) · County 10
- 2024-04-22 [Angelica Olvera Obituary - Gering, NE - Dignity Memorial](https://news.google.com/rss/articles/CBMiggFBVV95cUxQN0lpbGpwNk5nYjFPSmRqQTZLU1RUbUpXUWp2Mmt2RUhENkp1SHBYUWNmWktyTTRkbWZlZlpIRGlRVlRfcTV1Y1Jsb25Vc3pnenlMOFdXNmFaTDFza002dkI4XzhMQy1QSl91R3lWLUtpOGFqeWhfOGFSdzRRX0NHcFBB?oc=5) · Dignity Memorial
- 2025-12-22 [Clarice M. Mills Obituary (2025) - Alliance, NE - Bates-Gould Funeral Home - Alliance - legacy.com](https://news.google.com/rss/articles/CBMiggFBVV95cUxNTDl1aWpvTG40T1BPV2xnLXQ5SzdwWktZTFFvZVZOaTAyTzFPNHR6dlhualhpMjBZeGkxdkg2X3FnMzQ2aWJEZC02SjlQckFEb25sZTFxeXJvZGw0TUVaRWN1QWtUQXJMWXo0SVNHcmd3bXNOUFpNX00zMHg4WndhcWpR?oc=5) · legacy.com
- 2024-02-02 [From films to art exhibits, here's how you can celebrate Black History Month in Oklahoma - The Oklahoman](https://news.google.com/rss/articles/CBMixAFBVV95cUxPUGMtV0k4cFMwbExNbDNiR0x6Vl9HOW1NcmZ3UlZpVEs3bEhONGJlWXpXRXJHV1B0S3JXRkVkT2RWTXp6SmdiVEc2djNsSjJ6S1d3dUVGeE54djZFZGtmR0oyWWtjRGN0SHlpemVHcmRPZU1MVW43d0tSdWRrdGhQa043YjVlbkxTbmZYMEpFZEtHMVdjanJ1Y25ZdGVscE1lZjl6N2N6V3NiamJ5YWxBNXYtOUkxMU11S25tenROS3NzMWVa?oc=5) · The Oklahoman
- 2012-02-09 [Deatrich, Doyle engagement - McCook Gazette](https://news.google.com/rss/articles/CBMigAFBVV95cUxPT2o5clhhUG42SllYOE52RGZXTXdyRzZPQVZyZ1ViUkJVQ3lCUlNNRnBoMmNVaW1qT21kOVBnZFVJcGVCcmRsWVlZcG5QSndSZURrekNrbC1rUTJNYlhxeXdENWJ6N096S252YlZTelpyVXUyc2ptdGpyTGlqZFlmeg?oc=5) · McCook Gazette
- 2019-06-13 [Family-Friendly Festivals in the Tulsa Area - TulsaKids Magazine](https://news.google.com/rss/articles/CBMiekFVX3lxTE5wZXZSMmk2TEhUMnllNlhta25mdFhBMkZzSG4ybXQzcVFsMF8yLUNPcnRoOFdsQWtFOEF5VVZXR2ZYVVJtcEZ6RDBTS2FFQmlqdXk2UFBnYmhSajdSSGY3b1RpNklLb056enhWSFBLWFRGRHlfQVoxblhR?oc=5) · TulsaKids Magazine

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=24907 (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/11.json (key "24907", 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=24907
- 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.

---
Rendered 2026-09-10 from the desks' own data files. Full guide: https://getbookiq.com/guide