# O BEE
Lacey, WA · NCUA charter 60059 · asset band $500M-1B · latest filing 2026-03 · live
Share link (named URL with a preview card): https://getbookiq.com/cu/o-bee-60059

Who the members are: state charter, organized 1955, low-income designated. 36,074 members of 8,115,100 potential (0.4% of the field); checking penetration 61% (share draft accounts per 100 members); loans per 100 members 52.

**Verdict on the desk:** this could be *stressed*. Composite score 6 of 18 (one point per flag across 17 flags, capital below 7% counted twice).

## What the filing shows

| Measure | Value |
|---|---|
| Total assets | $667.1M |
| Members | 36,074 (2.5% YoY) |
| Full-time staff | 146 |
| Net worth | $56.5M |
| Net worth ratio | 8.5% (p12 of band) |
| ROA (annualized) | 0.74% (p58 of band) |
| Total delinquency | 0.79% (p66 of band) |
| Net charge-offs (annualized) | 0.98% (p86 of band) |
| Loans / shares | 105% (p98 of band) |
| Cash / assets | 6.9% |
| Borrowings / assets | 6.12% |
| Net interest margin | 4.52% (p96 of band) |
| Operating expense / assets | 4.82% (p93 of band) |
| Vehicles % of loans | 26% (p42 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 90% |
| Third-party paper % of net worth | 274% (p87 of band) |
| Vehicle delinquency | 1.27% (p86 of band) |
| Vehicle NCO | 3.35% (p98 of band) |
| Repossessed % of vehicle book | 0.25% (p86 of band) |
| Real estate % of loans | 49% |
| Credit cards % of loans | 3% |
| Unsecured % of loans | 6% |
| Commercial % of net worth | 176% |
| Core shares % of member funds | 40% |
| Certificates % of member funds | 34% |
| Average share balance | $10,473 |
| Participations bought / yr | $0 |
| Participations sold / yr | $0 |
| Participations outstanding | $84,418 |
| Loans outstanding per 100 members | 52% |
| Loans granted per 100 members, annualized | 15% |
| Average loan balance | $32,220 |
| Loans granted, annualized | $222.5M |

## Participation posture (from the same filings)

Bought $0 and sold $0 in the latest annualized quarter; $84,418 outstanding purchased (0.1% of net worth), $4.8M sold and retained. Sold in 7 and bought in 0 of the last 8 quarters. Shares 9.4% year over year.

## Flags firing in the latest filing

- **thin capital** (`cap_low`)
- **net worth falling** (`cap_falling`)
- **expense trap** (`earn_opex`)
- **loans>95% of shares** (`str_ltos`)
- **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 | 3 | thin capital, repo signal, 3rd-party paper>100% NW |  |
| 2016-06 | 3 |  |  |
| 2016-09 | 3 |  |  |
| 2016-12 | 4 | net worth falling |  |
| 2017-03 | 5 | loans>95% of shares |  |
| 2017-06 | 4 |  | net worth falling |
| 2017-09 | 3 |  | loans>95% of shares |
| 2017-12 | 3 |  |  |
| 2018-03 | 3 |  |  |
| 2018-06 | 4 | charge-offs p90, loans>95% of shares | repo signal |
| 2018-09 | 4 |  |  |
| 2018-12 | 3 |  | charge-offs p90 |
| 2019-03 | 4 | leaning on borrowings |  |
| 2019-06 | 4 |  |  |
| 2019-09 | 3 |  | leaning on borrowings |
| 2019-12 | 3 |  |  |
| 2020-03 | 5 | net worth falling, delinquency rising |  |
| 2020-06 | 4 | margin squeeze | loans>95% of shares, delinquency rising |
| 2020-09 | 4 |  |  |
| 2020-12 | 4 |  |  |
| 2021-03 | 4 |  |  |
| 2021-06 | 3 | expense trap | net worth falling, margin squeeze |
| 2021-09 | 2 |  | expense trap |
| 2021-12 | 2 |  |  |
| 2022-03 | 4 | net worth falling, expense trap |  |
| 2022-06 | 3 | loans>95% of shares | thin capital, net worth falling |
| 2022-09 | 4 | thin capital, leaning on borrowings | expense trap |
| 2022-12 | 3 |  | thin capital |
| 2023-03 | 4 | thin capital |  |
| 2023-06 | 3 |  | thin capital |
| 2023-09 | 5 | thin capital, delinquency rising |  |
| 2023-12 | 7 | net worth falling, repo signal |  |
| 2024-03 | 8 | expense trap |  |
| 2024-06 | 5 |  | delinquency rising, net worth falling, repo signal |
| 2024-09 | 5 | delinquency rising | expense trap |
| 2024-12 | 5 | net worth falling | delinquency rising |
| 2025-03 | 6 | delinquency rising |  |
| 2025-06 | 5 |  | net worth falling |
| 2025-09 | 4 |  | delinquency rising |
| 2025-12 | 4 |  |  |
| 2026-03 | 6 | net worth falling, expense trap |  |

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

- 2026-04-08 [O Bee Credit Union Selects Tyfone’s nFinia® Digital Banking Platform - Business Wire](https://news.google.com/rss/articles/CBMiwAFBVV95cUxNb2JMRUNLNHQxYmE1MGVzVWF2S0N2YUhaMU1fdXlBWEwzTHFYd0V1ellzRVEzVFgtMTEtR190Y2tqbTVEVXZMbm9LN3NZdjI3UHlSem5QMXYxN3pUM21fVlF5djRvTDZhU2RDc29KM2VBYUx4ZDEyZzA2VVNpRjJOUDdsR0tVdHNWSnpIbjZtb0FGUDk2V3JrYXZBMlpFVGJlTi1GczFESDV0MDR3YXRmc0Y1ajhGcjFseUg0bFhoRlI?oc=5) · Business Wire
- 2025-07-21 [O Bee Credit Union selects Sharon Ortiz as VP of people and culture - CUInsight](https://news.google.com/rss/articles/CBMirAFBVV95cUxNUzVlVlBtdG5RWUhCWi1xeHk0ZTFIdXcxVFdLOFBnRTRvcElmdTY3SGJ5X0gzRm1FQ2VOWlhaOXZuMGxCUmtwNlhVUXVaWlhhZjNnNG5VSDZoS3ZVV0pFUWZVWDA3VEtBUFpsNG5ObU5pRmcxWjkxYnBrSVEyVDJsMExtUXFDVkt4MWpTVk85ZXpTY1FXQkgxZ3dlYThTMjQ0aEFsNWMzUDJFajlP?oc=5) · CUInsight
- 2018-09-17 [O Bee Credit Union Celebrates Brewing History with Pub Style Banking - ThurstonTalk](https://news.google.com/rss/articles/CBMirgFBVV95cUxORTV0eEQ0ZVRtbEFXU0J2anJCOGZfUU92bXJZcDJHZy1kS01SdkVfX2lZUmQ5Z18zdjUyaEJwZGRNU1FvaFVJSWs2OEJES1hZYUZtdk9tM2NhaXRlNmFyWWVQRFNpRUlwODhjUGNIdlNHbi00RVVHUWtwbVpMSjFKSUFNZzVPMmVIUGdMbjJPaUZpcnZoeWpFVUpzcEd4XzA5Z0VwZ1VrbVBvaWVsT3c?oc=5) · ThurstonTalk
- 2018-09-25 [Beer and Banking? O Bee Credit Union’s Unique Brewpub Branch Experience - The Financial Brand](https://news.google.com/rss/articles/CBMixwFBVV95cUxPSTZZVjBRWTFMNl9mb1lWTWtGd0VWcG1nWEpIOG05dzc5SUFnMWV5SjVqemdtLWJyaFJSNVhVLXctdDdWcVBhS1ZFSTAxWG5aRnZodnFWNHFtdU0wRDhncHRncldvUGRIelVjMWRGSE9Obmx4UWJJeGhrNTZFRDlWNUlyZncxdnBwM3lQQWV3NVFGVEVleG96cmlBTWVqdWNleGNEbkRPOXZ0cG5mX3NUd0FrTzRYczl4RGJRY1NJVkV6WGhMOXk4?oc=5) · The Financial Brand
- 2018-08-18 [O Bee Credit Union’s pub-themed branches might just be sneaky genius - thenewstribune.com](https://news.google.com/rss/articles/CBMijAFBVV95cUxQRHJ4LW5NYmJNUzFVQ21qRjNkWjdyYThBNTMxWVZNSEE1aldCeG1FNXZTUTdaRGlxbV9waEFxcHk0bHNCWUwtLXdMZURBeGdrMlAyQUYxNGVYRmRWbkloY1JGalBPdnRmcFdsX2tHZV9RenlOLXNiVnRLN0pVY1R5ZHlaOUlDZEl6UE0wTdIBjAFBVV95cUxOOTBKbExabVVxU0pnUFFtcVJqQi1DOWxJZllfQVdpMVJBbDl4Y0dUOG5DaUFKUDNDZWhtTlBtV3lndzFKRFZpcXdvYng5M2o5dWdHenNNM0ZFbWM1T3ktVm1hd2J0d2dHSGVqbl9WSXhKZUhYczhvZ2phZGJBTF9PMFRiTzZFSlZsOXFuOA?oc=5) · thenewstribune.com
- 2020-10-19 [O Bee Credit Union Demonstrates Its Commitment to Strengthening Washington Communities Through Early Financial Literacy Programs - CardRates.com](https://news.google.com/rss/articles/CBMihgFBVV95cUxNRmJrOGMwYldTZXhKWk1hRlg0UGc1X29zVTdvaXBGaDJ3b1V1b3RvbU9NdVlZWGhBSTJCczVtSk9aTDJzZ0FESG1rNlZ4aXJIem1NY1gySmFOeDEyLTVIY0hRc0VxdS1oVjZxa0MzQmVPWXdBOUF4dlFaa0dZZkZWQktCRWdmUQ?oc=5) · CardRates.com
- 2023-01-10 [2 men charged after failed bank robbery attempt with blowtorch in Tumwater - KOMO](https://news.google.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?oc=5) · KOMO
- 2021-07-26 [O Bee Credit Union's Unique Pub-Style Approach and Card Products Celebrate Its Brewery History - CardRates.com](https://news.google.com/rss/articles/CBMikgFBVV95cUxONHpoQ09qX1laelpNOFhGMHBjTXNxZVVrelJzdFRVb21ER3FURUk5cnJ4MDUtN1hURWJaTUtjbzZTaWFZSlZrMC1JdkQyVlBBekVUN0lBMmxNWmpkQ3dzaWlCS0JGOW0yVjV0bVRRUm94STNTeTZmbXlXWVRZdzlUWGV5VFc2REU5bWdIT0s3SmFaQQ?oc=5) · CardRates.com

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=60059 (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/27.json (key "60059", 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=60059
- 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