# DENALI
ANCHORAGE, AK · NCUA charter 5912 · asset band $500M-1B · latest filing 2018-09 · stopped filing after 2018-09 (departed; for a credit union that is almost always a merger)
Share link (named URL with a preview card): https://getbookiq.com/cu/denali-5912

Who the members are: federal charter, multiple common bond, organized 1948. 78,977 members of 100,000 potential (79.0% of the field); checking penetration 54% (share draft accounts per 100 members); loans per 100 members 57.

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

## What the filing shows

| Measure | Value |
|---|---|
| Total assets | $660.5M |
| Members | 78,977 (7.3% YoY) |
| Full-time staff | 292 |
| Net worth | $50.4M |
| Net worth ratio | 7.6% (p2 of band) |
| ROA (annualized) | 0.24% (p6 of band) |
| Total delinquency | 1.17% (p91 of band) |
| Net charge-offs (annualized) | 1.72% (p98 of band) |
| Loans / shares | 103% (p85 of band) |
| Cash / assets | 3.7% |
| Borrowings / assets | 2.73% |
| Net interest margin | 4.89% (p100 of band) |
| Operating expense / assets | 5.95% (p99 of band) |
| Vehicles % of loans | 67% (p95 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 64% |
| Third-party paper % of net worth | 505% (p97 of band) |
| Vehicle delinquency | 1.39% (p96 of band) |
| Vehicle NCO | 2.22% (p98 of band) |
| Repossessed % of vehicle book | 0.13% (p85 of band) |
| Real estate % of loans | 17% |
| Credit cards % of loans | 9% |
| Unsecured % of loans | 10% |
| Commercial % of net worth | 135% |
| Core shares % of member funds | 54% |
| Certificates % of member funds | 13% |
| Average share balance | $4,038 |
| Participations bought / yr | $0 |
| Participations sold / yr | $0 |
| Participations outstanding | – |
| Loans outstanding per 100 members | 57% |
| Loans granted per 100 members, annualized | 12% |
| Average loan balance | $13,358 |
| Loans granted, annualized | $340.9M |

## Flags firing in the latest filing

- **thin capital** (`cap_low`)
- **expense trap** (`earn_opex`)
- **delinquency 2x band** (`aq_dq_high`)
- **charge-offs p90** (`aq_nco_high`)
- **loans>95% of shares** (`str_ltos`)
- **3rd-party paper>100% NW** (`str_thirdparty`)
- **auto monoline** (`str_vehicle`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 6 | thin capital, expense trap, charge-offs p90, loans>95% of shares, 3rd-party paper>100% NW, auto monoline |  |
| 2016-06 | 7 | leaning on borrowings |  |
| 2016-09 | 8 | net worth falling, repo signal | leaning on borrowings |
| 2016-12 | 10 | delinquency 2x band, leaning on borrowings |  |
| 2017-03 | 9 |  | leaning on borrowings |
| 2017-06 | 9 |  |  |
| 2017-09 | 8 | delinquency rising | net worth falling, repo signal |
| 2017-12 | 7 |  | delinquency rising |
| 2018-03 | 7 |  |  |
| 2018-06 | 7 |  |  |
| 2018-09 | 7 |  |  |

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

- 2018-06-01 [Financial Institutions Expand to Pacific Northwest - Alaska Business Magazine](https://news.google.com/rss/articles/CBMimAFBVV95cUxOUHZYdjRQZm1PRldTckR3dTc3TzNyOEtyVDAydHFEUmxiWEV6dzU1LUN2WFRITlRhSkRucFBrVU10SkFrdDV6M0gycERVZXlaY1BLTHBmMHB6U3E5U1ZWQUtscThJOGE2ejJodXp3bU5lQ0tJd0o4WnNpWGNOaFhzYjgyRDNnbTB4OEoyc3AwdG4xeVZSbnZHRw?oc=5) · Alaska Business Magazine
- 2018-09-24 [Nuvision to Acquire Alaska Credit Union - Orange County Business Journal](https://news.google.com/rss/articles/CBMiaEFVX3lxTE10ZFhMcXJwMm5JVGZwZ3N4MWgwQ0FMdF9VblFTN3JDbDRwZWZCdExmWU9jYXVzQU5SX0tiRWlTZnc1N0FKYkJNREdwMnd0cmFuSllCdnU2Rld1NG5sdVZPeG1xcEc2YU1a?oc=5) · Orange County Business Journal
- 2018-03-15 [Denali Federal Credit Union to merge with California credit union - Anchorage Daily News](https://news.google.com/rss/articles/CBMiugFBVV95cUxOeFhpMGx5WnJJTDdTWmZNeE52eWlRM20yS0IzVTRySEU0Ym9pUEwxdEpuYVZJeG1CdUtUYklQV1FuUXVrUmZMVDdHZDRYaFczSG8yQTNUeURyQ01VeTFqN0hWUjdvUWxXc0dDaGRZLTJXa0pVY3JoMWR5ckdXMDlmbFo1UTZCa0xyWEhJNGZWUDNHdFQxeHlMWkFuZ2xEakRkQkJMV0NyRF9oUzlzbktFaGdYX3RVVFVaNlE?oc=5) · Anchorage Daily News
- 2020-08-26 [NuVision Credit Union, Denali FCU set for West Coast mega merger - americanbanker.com](https://news.google.com/rss/articles/CBMiyAFBVV95cUxPenU2WGJGRllrVDhzR1RONUU3TlJydWxfOU1hTjE0bDkzREx3M05VTXBIdzFyRnhoTUlvUmRlN3lyU293anVSQ2FMUUQyc3B4MEVwWXdJLTYwMWlzay14aEFScUNvMHJ0SHI2Y3drX1IydWJiQ0xDa1Fnd2NzVTVBNTF0VXhPcXhJaGFGNG9TY1dhdWoxZGxWb0NsNzFBbHMyUnRzbTBOUzlWVDFnRzdtMnJqVUJfR210R3RuS0swaG9FUGp0TGluRg?oc=5) · americanbanker.com
- 2022-08-04 [Alaska USA Merges with Global Credit Union - Alaska Business Magazine](https://news.google.com/rss/articles/CBMijgFBVV95cUxPdlRhRF9yRDM2QXV1ZC1tcHNVcVNKbUlkWmdmSmJPMUFESzFzdkJScVQzUEZaYW1iNi1kclpjc1Z4Z2hmUTA1VFh2eXE3bW5qb2FuVWlMZXduRjVGcEVub2FldzJpYWZ4aWlXUnhyNTVqVTRFVlRLSjBDTUFlcHlRTkhxMTlPcUpxRnBpWmVn?oc=5) · Alaska Business Magazine
- 2026-01-08 [The Best Savings Accounts in Alaska for 2026 - MoneyRates](https://news.google.com/rss/articles/CBMidkFVX3lxTE9SLTFLa3lZSWtFdURPR0cybHgwdURyY2xhM2ozZHZYQlU3bWh2Q2FrV2ZsbU51bFgzSjFwcUMzVDVTSW11MnhPWkh5YlpSbEhFaXBwQkY4Q1hkZ0RGWGhSOGhqbk5RM0ZQZGpLYVUwQ0VKampBNXc?oc=5) · MoneyRates
- 2017-02-16 [Hub International Acquires The Assets Of Alaska-Based Denali Alaskan Insurance, LLC - PR Newswire](https://news.google.com/rss/articles/CBMi1AFBVV95cUxPd3FEVkFmbVNQaHpxcWZjRDY3d2NmajFZUjVtWFF0SGtzakpqZktzdTBBWlhHMG1hdG9WM2tNcmlkU254YmwzMXZKaEQ4WDRkYzlyNFNoNlNhaXlpeGFEcmdwd081ZktlUWZKdUtYU19ySElmNTRlME5jRE53SEJEeXlZNG5ELXk4Q0JoNloyZTZESlo5LTFuNEZwcGtrUF9VQjg1dndrTmVFUExHcWJLWU1FaU5jZjdobFA5a09pV21pVlVhdFVCeVp4UFktWHJGTUJBdg?oc=5) · PR Newswire
- 2010-03-23 [USDOJ: US Attorney's Office - Alaska - Department of Justice (.gov)](https://news.google.com/rss/articles/CBMijAFBVV95cUxQNS1vd05HY2pKaGlYLTFpdklhbmNLXzNsbVJyTGpNeUdyZEJGMlpKdWJFSFJOeVhjZXBFbHE4Y1JCM3BjUTRVNjlxSUFUbC1taGhmYjVFX0RDT3Vvam5lVERoeHJENHRMaDZsUmJVVFdpV1dVSUkwNEMxZ3R4U0FJSHRTNm92SlNNZXNtWQ?oc=5) · Department of Justice (.gov)

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=5912 (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/24.json (key "5912", 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=5912
- 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