# NORTH BAY
Santa Rosa, CA · NCUA charter 63373 · asset band $100-200M · latest filing 2025-12 · stopped filing after 2025-12 (departed; for a credit union that is almost always a merger)
Share link (named URL with a preview card): https://getbookiq.com/cu/north-bay-63373

Who the members are: state charter, organized 1948, low-income designated. 2,830 members of 500,000 potential (0.6% of the field); checking penetration 57% (share draft accounts per 100 members); loans per 100 members 20.

**Verdict on the desk:** this could be *stressed*. Composite score 11 of 18 (one point per flag across 17 flags, capital below 7% counted twice).

## What the filing shows

| Measure | Value |
|---|---|
| Total assets | $114.4M |
| Members | 2,830 (-4.6% YoY) |
| Full-time staff | 51 |
| Net worth | $5.4M |
| Net worth ratio | 4.7% (p0 of band) |
| ROA (annualized) | -1.94% (p1 of band) |
| Total delinquency | 3.34% (p98 of band) |
| Net charge-offs (annualized) | 0.17% (p27 of band) |
| Loans / shares | 107% (p99 of band) |
| Cash / assets | 8.5% |
| Borrowings / assets | 12.90% |
| Net interest margin | 4.65% (p90 of band) |
| Operating expense / assets | 9.45% (p100 of band) |
| Vehicles % of loans | 1% (p1 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 32% |
| Third-party paper % of net worth | 3% (p38 of band) |
| Vehicle delinquency | 0.00% (p2 of band) |
| Vehicle NCO | 0.14% (p18 of band) |
| Repossessed % of vehicle book | 0.00% (p32 of band) |
| Real estate % of loans | 77% |
| Credit cards % of loans | 0% |
| Unsecured % of loans | 0% |
| Commercial % of net worth | 395% |
| Core shares % of member funds | 45% |
| Certificates % of member funds | 28% |
| Average share balance | $18,726 |
| Participations bought / yr | $0 |
| Participations sold / yr | $0 |
| Participations outstanding | – |
| Loans outstanding per 100 members | 20% |
| Loans granted per 100 members, annualized | 2% |
| Average loan balance | $176,656 |
| Loans granted, annualized | $9.6M |

## Flags firing in the latest filing

- **thin capital** (`cap_low`)
- **capital below 7%** (`cap_critical`)
- **net worth falling** (`cap_falling`)
- **losing money** (`earn_negative`)
- **expense trap** (`earn_opex`)
- **delinquency 2x band** (`aq_dq_high`)
- **delinquency rising** (`aq_dq_rising`)
- **members leaving** (`shrink_members`)
- **loans>95% of shares** (`str_ltos`)
- **leaning on borrowings** (`str_borrowings`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 1 | losing money |  |
| 2016-06 | 1 |  |  |
| 2016-09 | 1 | net worth falling | losing money |
| 2016-12 | 1 |  |  |
| 2017-03 | 2 | delinquency rising |  |
| 2017-06 | 0 |  | net worth falling, delinquency rising |
| 2017-09 | 0 |  |  |
| 2017-12 | 2 | net worth falling, members leaving |  |
| 2018-03 | 1 |  | net worth falling |
| 2018-06 | 1 | delinquency rising | members leaving |
| 2018-09 | 2 | net worth falling |  |
| 2018-12 | 1 |  | delinquency rising |
| 2019-03 | 2 | expense trap |  |
| 2019-06 | 3 | delinquency rising |  |
| 2019-09 | 2 |  | delinquency rising |
| 2019-12 | 1 |  | net worth falling |
| 2020-03 | 1 | margin squeeze | expense trap |
| 2020-06 | 3 | thin capital, net worth falling |  |
| 2020-09 | 3 |  |  |
| 2020-12 | 6 | expense trap, delinquency rising, leaning on borrowings |  |
| 2021-03 | 1 |  | margin squeeze, thin capital, net worth falling, delinquency rising, leaning on borrowings |
| 2021-06 | 3 | delinquency rising, loans>95% of shares |  |
| 2021-09 | 2 | net worth falling | delinquency rising, loans>95% of shares |
| 2021-12 | 1 |  | net worth falling |
| 2022-03 | 1 |  |  |
| 2022-06 | 3 | net worth falling, loan book shrinking |  |
| 2022-09 | 2 |  | loan book shrinking |
| 2022-12 | 3 | margin squeeze |  |
| 2023-03 | 2 | delinquency rising | net worth falling, margin squeeze |
| 2023-06 | 3 | thin capital |  |
| 2023-09 | 2 |  | delinquency rising |
| 2023-12 | 4 | losing money, delinquency rising |  |
| 2024-03 | 7 | net worth falling, margin squeeze, loans>95% of shares |  |
| 2024-06 | 7 |  |  |
| 2024-09 | 10 | capital below 7%, delinquency 2x band |  |
| 2024-12 | 5 | assets shrinking | delinquency rising, net worth falling, margin squeeze, capital below 7%, delinquency 2x band |
| 2025-03 | 6 | capital below 7% | assets shrinking |
| 2025-06 | 8 | net worth falling, members leaving |  |
| 2025-09 | 11 | delinquency 2x band, delinquency rising, assets shrinking, leaning on borrowings | members leaving |
| 2025-12 | 11 | members leaving | assets shrinking |

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

- 2026-02-25 [North Bay Credit Union completes merger with Illinois credit union - The Press Democrat](https://news.google.com/rss/articles/CBMirAFBVV95cUxNQ3oybk9MNGFfRXk2ZlZ6Z1ViLU0tS2MwYUVSSTVYUEZtSHg3a3B1TUNLaGhhWTFLU1h4V0VCRnNlcjk4WjVNazJDRTVzR21uQnh0X1NiWm00NmJqelZBZGtzaXFEcGx0RExzbHZiaEsyaTZBTk0xNnpuSFlKS05PcjRmbVlkWU92RlpSQXloMV92VDJMRVdwcks1bW41eXVtb0pZNUJGaW9MUUN2?oc=5) · The Press Democrat
- 2026-04-02 [Corporate America Family Credit Union rebrands as Alero Financial following strategic merger with North Bay Credit Union - CUInsight](https://news.google.com/rss/articles/CBMi8wFBVV95cUxPcElrR2p2RWNEX2I3d295Y1k3U3hoZzBrNkZLYlpoQXRoeHVPSVVPSWxCVnJuYWc1bV9RLThvNUg2c2g5SlRKb2VTTnRVZXV4YVZzQlpTdFJnYjc4Q3VPUEdiY2Y4dlVtaXowaXZpRWYtemFvRHVUdGRJdGlvQVc4SmJ5SFp3MGdnUVlMbjcxNXVOaDRaTGdxbHdldEhiR294R015cElNRU54RThrMlVtYTJIN08zU0V0cFo4S3NUZGs5NDZXdHpUdHNmNVlGTmE4bGtXTFItcEd6WllUaVVRMF9FVzB0WkltZzB0aG1PODl5UHM?oc=5) · CUInsight
- 2026-05-07 [How a Cannabis CUSO Contributed to a California Credit Union Collapse, Forced Merger - CUTimes](https://news.google.com/rss/articles/CBMiuwFBVV95cUxQQWVWS25MVnRuT1p4ZFFIXzZHRThOU1hPa2lpdG5vd3kzTjgtWE5mYmFkMkhDVTBVd0VPYklPLUw3Z3RtdlczQ3prXzRJRFpVbmtsMVdRdWJpRG1sWGlJTGtLMU1rakJSdXBWLVh6YWx4STJuZXpzc3N2TzVVQmVHT3UxYzlwSWtTUzlYSDMzbDZjNmpEaXhQeW5uVUpnSEFxSXJfSTZmVUpKT0FPUi02SUt5QS1jcUR4ZGxB?oc=5) · CUTimes
- 2024-09-04 [Credit unions rarely engage in BaaS. North Bay is an exception - American Banker](https://news.google.com/rss/articles/CBMirwFBVV95cUxOOTdiSjF5ZGRHSEtBV2JXWVc0elhleGllRGhZN01pX0ljdm12cFBUNXVQSEhWZWhWVnppSmRzMTRfU2lycVdfN0piTWtBUDNhSXoza19ocGVhS2R5SEFkZXFKY0hwVEhCMnQtdUdVS0FUTE11ZTF3b2lKUWpMaHViWTktanJFb2ZuVEJqdlVabjhsWk56VVhWQzhVbkFfNE91b0UwTjNGUnRzaE42RWZV?oc=5) · American Banker
- 2026-05-28 [Travis Credit Union opens 24th branch, with focus on in-person relationships - The Press Democrat](https://news.google.com/rss/articles/CBMioAFBVV95cUxOdFJab1U1T1ZMN0JvVHNXdHYtYlhyUjhGNmJGVGJMUWp2WjlDS2ZEQ3ZIWnJKcXA0YUdDRmhWdFByRFlLeGp4ak81enVaQ0ZUd2pvTE55MWJjTVMzN0VQeEhyZWRfblVLbzR4NmVjbjVsdWpvaTJ3Sm92NzZub2tXUkMzckV1bkhtNDNGTUhIT0FGVVpCa2tkUk93aHlPVTNW?oc=5) · The Press Democrat
- 2026-08-06 [North Bay’s new arena has a proposed name: WFCU Place - BayToday.ca](https://news.google.com/rss/articles/CBMimwFBVV95cUxPZ0tKZ1g3RnNXaE5tSEdKTmZQdWxhSlh3RUtNcUNTckRzenBZckk0NjZwWk1ITjVTTUdhV2ZNcEpDVURlS0UtYVF3SkU0eHZHcmJBME9NeWw3YS0ydEcwSTFvaUUtVDlCYlJGd1V2OTV4eWd2Zk9OOHY5ZzhjVElxcWdXS2ZMWUdNZFE2UUZHVVJhWlNfalFyTDRiOA?oc=5) · BayToday.ca
- 2024-07-23 [North Bay Credit Union Joins Banking as a Service (BaaS) Association - newswire.com](https://news.google.com/rss/articles/CBMiqAFBVV95cUxPZV9OOXpzQnJDbkRMa2R6cktZVk9rWkZ0S2ladmNiVklhTFZ5YmllczU4c0hIVmlyTW9wampCeEY5Ym02ekJkUmZjMlZWclNEejk2OHhqbmxhSm5GTnJTWXZjdVNndkJjQ0FhMVpoNUNtZjlsalZSM2EtRkZHcEhVeGRYbTZqVVZtV3p4X1RWSF8yUGJFcUZqVmdhZ01pZkJ3VkZxT1QtWEs?oc=5) · newswire.com
- 2026-08-21 [North Bay's new recreation and community centre is officially opened - North Bay Nugget](https://news.google.com/rss/articles/CBMimgFBVV95cUxOd3UwUExYRlRnUHZFeFVCdGxjTHlubTRCbThWSDNfcGVxQWFMOXRUSjd1b2hibUlacE9PS2N4clJDNDNtaW54ekJfNzdqb2R0V2xoN1UyUDc2SUxzZS1TTDM4RkhWWWQ0ZGN4SHNQVG9rb1VESnNDOE5OWUNWYXYyNFctYU9rcVNhMnQ0NXZBV0w0emNJUlNGVkpB?oc=5) · North Bay Nugget

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=63373 (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/13.json (key "63373", 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=63373
- 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