# MARION AND POLK SCHOOLS
Salem, OR · NCUA charter 64166 · asset band $1-10B · latest filing 2026-03 · live
Share link (named URL with a preview card): https://getbookiq.com/cu/marion-and-polk-schools-64166

Who the members are: state charter, organized 1936, low-income designated. 86,234 members of 2,708,454 potential (3.2% of the field); checking penetration 76% (share draft accounts per 100 members); loans per 100 members 54.

**Verdict on the desk:** this could be *indirect buyer*. Composite score 3 of 18 (one point per flag across 17 flags, capital below 7% counted twice).

## What the filing shows

| Measure | Value |
|---|---|
| Total assets | $1.82B |
| Members | 86,234 (7.9% YoY) |
| Full-time staff | 363 |
| Net worth | $171.8M |
| Net worth ratio | 9.4% (p21 of band) |
| ROA (annualized) | 1.16% (p81 of band) |
| Total delinquency | 1.20% (p88 of band) |
| Net charge-offs (annualized) | 0.36% (p31 of band) |
| Loans / shares | 85% (p44 of band) |
| Cash / assets | 12.4% |
| Borrowings / assets | 0.00% |
| Net interest margin | 3.64% (p71 of band) |
| Operating expense / assets | 4.33% (p92 of band) |
| Vehicles % of loans | 23% (p41 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 78% |
| Third-party paper % of net worth | 264% (p79 of band) |
| Vehicle delinquency | 1.01% (p78 of band) |
| Vehicle NCO | 0.84% (p41 of band) |
| Repossessed % of vehicle book | 0.21% (p84 of band) |
| Real estate % of loans | 30% |
| Credit cards % of loans | 3% |
| Unsecured % of loans | 6% |
| Commercial % of net worth | 180% |
| Core shares % of member funds | 42% |
| Certificates % of member funds | 1% |
| Average share balance | $6,402 |
| Participations bought / yr | $0 |
| Participations sold / yr | $0 |
| Participations outstanding | $3.1M |
| Loans outstanding per 100 members | 54% |
| Loans granted per 100 members, annualized | 69% |
| Average loan balance | $29,293 |
| Loans granted, annualized | $396.0M |

## Participation posture (from the same filings)

Bought $0 and sold $0 in the latest annualized quarter; $3.1M outstanding purchased (1.8% of net worth), $20.1M sold and retained. Sold in 0 and bought in 2 of the last 8 quarters. Shares 29.2% year over year.

## Flags firing in the latest filing

- **expense trap** (`earn_opex`)
- **delinquency rising** (`aq_dq_rising`)
- **3rd-party paper>100% NW** (`str_thirdparty`)

## Warning timeline

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

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

- 2025-10-09 [Powerlist: Credit Unions - oregonbusiness.com](https://news.google.com/rss/articles/CBMiYEFVX3lxTFBHNGdGRndIcGtFMTVKM280WTh6cWYwRE9QZVpkcktRT2kwSDh4WWd6ZEktVGZ2V3l6U3dDNGxJUzBsazUySmtOS3pkaEU1aGFWTlhvMmZhQVFBVWhZaUVMNA?oc=5) · oregonbusiness.com
- 2025-04-17 [Oregon credit union to buy bank; Citizens taps Azra Pravdic - American Banker](https://news.google.com/rss/articles/CBMimgFBVV95cUxQOTlEczNoc0prT2pOTHNtMWVpTjdTNGh6V0k2QjhIeVZ0Q2VKTVA2dGZJRV8xXzA4WjZXSjBXbzgzSm9aVlFkR3VucUxSQlQ3MWVqcC1Kc1g2b2czeUtVb1RiTVlYSVUzamVNbUZSeDlGamdCMHY0VHFUZTF5SWxuOW1hOG8zUnJYeDhEWnJhT2tRc3pleEI3a2h3?oc=5) · American Banker
- 2016-04-02 [Marion County court records, March 26-April 1 - statesmanjournal.com](https://news.google.com/rss/articles/CBMipwFBVV95cUxOeHRJa3FkRkNkbVAzUExiNHlnb0pEQWNEcmEyb3JWV0VaRVdxaVNlenJwV2t3VEQyV3REQmRoVElxeXkzTVBSZ3JPTzd6TDJleUhrVTdWcnVhZkRXQV9KWXBzMXBqWWtsOHE2Q1FFT3RHMXFpdHdITExKWk1GQ01lLUh3dmxKSWhka0hfM0Y0bXdKUUltLWpLRmtXUGQ4LUlqNlpCYi1pUQ?oc=5) · statesmanjournal.com
- 2016-04-08 [Marion County court records, April 2-8 - statesmanjournal.com](https://news.google.com/rss/articles/CBMinwFBVV95cUxPNUpqamNTQ1VUZ2diQzhkTkpLRTVzck1sZzNJNU5TVVJ1VndVWXc1anRIUUM5MHhjY2E1enVUNnc0QkVXTHMzbkhhczVFa0hfTXhXNkJCV29oVFhjVVl4bGlGUW83TWlkZjNfME9iODBXS2h1RE9MbmhxOTlwM2RMbkJJY0pkcWdGb0VDRDVwMzZSeVliMndOZkJ4VFdBTUU?oc=5) · statesmanjournal.com
- 2016-09-09 [Marion County court records: Sept. 3-9 - statesmanjournal.com](https://news.google.com/rss/articles/CBMingFBVV95cUxQUmtUUFZNYTBLMF9UTEpwNXMtZjIwUDF4R1ZpY1VuazhQYm9WV2tESnA1WFNMclN0Vm1Rcmk5dGNySWNuRko4QXNVb192Y01kMnNaWU5XYnJhY1hnSzJOVEM4eExFeVRpSWU5bjhZT3k3QjZjRGJ3ZVlfVUNNS3Z4Y3lEd2x0bGhQbjlneHhva3NLT0hPeXVHZU1hSlNNUQ?oc=5) · statesmanjournal.com
- 2016-03-19 [Marion County court records, Feb. 29-March 18 - statesmanjournal.com](https://news.google.com/rss/articles/CBMipAFBVV95cUxPMHBqRlROaGJKT0x0SWJtV2JlNUdOY3FCNXBPT0NaMGFtS1V4Ym1YTEFpVHZpZldlU0xJc3ZuX1JWSGlidXQzaVQ3UmFBd3RMUzdEZkZtOEE1cENOWVlsSUJ5TmZfczZBaVU4dHdES1ZDVVE1RjVXV25ESWV5Tnd2ZlhkM09HMmhMQXJ2X1VMRmxwX3B3UkVEY2EwNVlnTzBPeDhVZA?oc=5) · statesmanjournal.com
- 2016-07-01 [Marion County court records: June 24-July 1 - statesmanjournal.com](https://news.google.com/rss/articles/CBMipAFBVV95cUxNUmxFcEFPaXFIOTdwSmY5bmw0empsdDFVSm9XUHpYMGNmVHNZVEt4SFdZTW9YbXFmd0lSczlTS3ZDdmhETEpZb0hVQXpGeGdKcHhMendzTmFFUGtCLWhMN3RxSHJOTFY4V3JWRndMbTFCQXZGYmttaVFKZkRKU0VPdkNoY1o5YzRrMlRfczdnS3RaZXJ1d21xZEQ2b1hIWUh2WjRTaQ?oc=5) · statesmanjournal.com
- 2015-09-11 [Marion County court records, Sept. 3-10 - statesmanjournal.com](https://news.google.com/rss/articles/CBMingFBVV95cUxPR3dLNXRFRjlkb0JOaVVRcjZ4ZUtZY09Ya2ZXVnRBTFJVMUM0OU5XN2R2dmRVcExOSGhDSnJLNHlPMHhPSE1ldm9jcFplbjlmLUx5TnRDVlEyTHFiTXFRZThlNUZ4OUxxVUNQOWJjN1gtNm81RlpnSU5hX2pTXzdEbTJpZXRjejZRLWhTMTdwSDBRZEtJUEFIWVRVZkhnZw?oc=5) · statesmanjournal.com

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=64166 (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/38.json (key "64166", 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=64166
- 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