# TRAILHEAD
PORTLAND, OR · NCUA charter 644 · asset band $100-200M · latest filing 2026-03 · live
Share link (named URL with a preview card): https://getbookiq.com/cu/trailhead-644

Who the members are: federal charter, community charter, organized 1935, low-income designated. 8,546 members of 795,083 potential (1.1% of the field); checking penetration 86% (share draft accounts per 100 members); loans per 100 members 55.

**Verdict on the desk:** this could be *ordinary*. Composite score 4 of 18 (one point per flag across 17 flags, capital below 7% counted twice).

## What the filing shows

| Measure | Value |
|---|---|
| Total assets | $155.5M |
| Members | 8,546 (-1.7% YoY) |
| Full-time staff | 34 |
| Net worth | $14.3M |
| Net worth ratio | 9.2% (p16 of band) |
| ROA (annualized) | -1.18% (p2 of band) |
| Total delinquency | 3.87% (p99 of band) |
| Net charge-offs (annualized) | 0.33% (p50 of band) |
| Loans / shares | 74% (p59 of band) |
| Cash / assets | 15.5% |
| Borrowings / assets | 0.00% |
| Net interest margin | 3.95% (p67 of band) |
| Operating expense / assets | 4.62% (p80 of band) |
| Vehicles % of loans | 9% (p6 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 24% |
| Third-party paper % of net worth | 16% (p45 of band) |
| Vehicle delinquency | 3.71% (p98 of band) |
| Vehicle NCO | 0.97% (p72 of band) |
| Repossessed % of vehicle book | 0.00% (p32 of band) |
| Real estate % of loans | 50% |
| Credit cards % of loans | 3% |
| Unsecured % of loans | 5% |
| Commercial % of net worth | 6% |
| Core shares % of member funds | 70% |
| Certificates % of member funds | 13% |
| Average share balance | $6,739 |
| Participations bought / yr | $0 |
| Participations sold / yr | $0 |
| Participations outstanding | $7.3M |
| Loans outstanding per 100 members | 55% |
| Loans granted per 100 members, annualized | 6% |
| Average loan balance | $21,984 |
| Loans granted, annualized | $13.1M |

## Participation posture (from the same filings)

Bought $0 and sold $0 in the latest annualized quarter; $7.3M outstanding purchased (50.8% of net worth), $0 sold and retained. Sold in 0 and bought in 0 of the last 8 quarters. Shares -3.2% year over year.

## Flags firing in the latest filing

- **net worth falling** (`cap_falling`)
- **losing money** (`earn_negative`)
- **delinquency 2x band** (`aq_dq_high`)
- **delinquency rising** (`aq_dq_rising`)

## 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 | 4 | charge-offs p90 |  |
| 2016-09 | 6 | net worth falling, delinquency 2x band |  |
| 2016-12 | 4 |  | charge-offs p90, net worth falling |
| 2017-03 | 4 | margin squeeze, charge-offs p90 | 3rd-party paper>100% NW, delinquency 2x band |
| 2017-06 | 4 |  |  |
| 2017-09 | 4 | delinquency 2x band | margin squeeze |
| 2017-12 | 3 |  | delinquency 2x band |
| 2018-03 | 3 | net worth falling | charge-offs p90 |
| 2018-06 | 1 |  | repo signal, net worth falling |
| 2018-09 | 2 | repo signal |  |
| 2018-12 | 1 |  | repo signal |
| 2019-03 | 2 | repo signal |  |
| 2019-06 | 1 |  | repo signal |
| 2019-09 | 2 | repo signal |  |
| 2019-12 | 2 |  |  |
| 2020-03 | 2 | delinquency rising | repo signal |
| 2020-06 | 5 | net worth falling, margin squeeze, delinquency 2x band |  |
| 2020-09 | 5 | members leaving | delinquency rising |
| 2020-12 | 4 |  | members leaving |
| 2021-03 | 4 |  |  |
| 2021-06 | 2 |  | net worth falling, delinquency 2x band |
| 2021-09 | 2 | members leaving | margin squeeze |
| 2021-12 | 2 |  |  |
| 2022-03 | 1 |  | members leaving |
| 2022-06 | 4 | delinquency 2x band, delinquency rising, members leaving |  |
| 2022-09 | 4 |  |  |
| 2022-12 | 3 | assets shrinking | delinquency 2x band, delinquency rising |
| 2023-03 | 3 | delinquency 2x band, delinquency rising | thin capital, members leaving |
| 2023-06 | 4 | thin capital, charge-offs p90, leaning on borrowings | assets shrinking, delinquency rising |
| 2023-09 | 1 |  | delinquency 2x band, thin capital, charge-offs p90 |
| 2023-12 | 1 |  |  |
| 2024-03 | 4 | margin squeeze, delinquency 2x band, delinquency rising |  |
| 2024-06 | 2 | assets shrinking | leaning on borrowings, margin squeeze, delinquency rising |
| 2024-09 | 2 | delinquency rising | assets shrinking |
| 2024-12 | 0 |  | delinquency 2x band, delinquency rising |
| 2025-03 | 2 | delinquency 2x band, assets shrinking |  |
| 2025-06 | 3 | losing money |  |
| 2025-09 | 3 |  |  |
| 2025-12 | 4 | delinquency rising |  |
| 2026-03 | 4 | net worth falling | assets shrinking |

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

- 2026-09-04 [OneAZ Credit Union opens new Peoria branch - azbigmedia.com](https://news.google.com/rss/articles/CBMigAFBVV95cUxOR2hWbXpYb1JUOHBObGJhZEtoMm9pRWZTNDVCMTQ1VXN5RzBaUURVbkJvWDFYMTRhZHE2bHU1RG45dHRNZ2hXNDFBd2l3amJveEJKZmlMUXRWdm00QU9xb2thQVljZm4yZXVHWUZIYjhFSFFNUWxNODZ1M0ZVaDQxRg?oc=5) · azbigmedia.com
- 2025-11-18 [Catalyst Expands FedNow Instant Payments, RTP Real-Time Payments and P2P Payments Reach for Trailhead Credit Union - Newswire.com](https://news.google.com/rss/articles/CBMiqgFBVV95cUxPTTJ2NnBnTkFWNzJPcVhNMnRKenctVlRIank0ajJjemdtZzJZUzZLOENqX2dhTExMRG5qRGg0elE5TGRXTHcyS0ZWUm0zaE1GMS1qVE5tNXVvX3I1TGpURmVfVVc1M2dBeGFyTGY0ZldLN19rdHduR1ZRbXdicmhVVzhqRjJYcGYzUmJKT1J2a0t6SWJENmZhbzJhSUpNSmhkc2dtWFo4V2dhQQ?oc=5) · Newswire.com
- 2026-06-20 [Trailhead CU Teller Helps Police Capture Alleged Robber Within Hour - cutoday.info](https://news.google.com/rss/articles/CBMirgFBVV95cUxOTFhQWm1lenZMNlltVW5ITEVqWTV4MHh0d0FQcWtpMWF6Mjkydkk0eVVXQUJGbWFseXIxb0Y5RzN2Z0xKQ21NbzV1RFdVaFR0MmhGeXZoNGFsS21OYUtCM0ItTDQ4cFF4Y3RFWjMyX2FVWG0yOG1RaXRjZVQ3Zjc4UlZ3ajRyRUU0Wk1DWDNhTE5yZmJkNjhFZlpNeDY4NUduSU52bWl0WHpoWXB0a0E?oc=5) · cutoday.info
- 2026-08-26 [Waterloo city council votes to take down paintings in regional trailhead building - Daily Jefferson County Union](https://news.google.com/rss/articles/CBMi_gFBVV95cUxQZV9vbXNIZlc5X2txT0F4YzFsV1ZLZUF0TVRLN3hOcE5feVN3YlJnN1YxTVQtYjNNQ2hYYXhhWWtkNjBVMGx4cDdLZVg1R0o4SFlTbDBtbktjSkZBNkdxak1VdkVMZDY1ZldpdkZKYlVDN2ZrNzdHeGF5X0xJSXdPZXdOQnhXdkp1dWFvNGVWcFhURWhnQ29Zazg0NThYbkM0NjA1U3NiYUdxeE0yWWxPZlN2Yi1wTlVTeDYwYlExN2VhVVZFcnlwYlVmWjdBTTVlZjJSWElWRG1YZ3VlNUFIVDlsUzJ3UnB0SzhreFg5SWthZTFHUThNb1J6aEtadw?oc=5) · Daily Jefferson County Union
- 2026-06-19 [Suspected Portland bank robber arrested after GPS tracker leads police to his location - KOIN.com](https://news.google.com/rss/articles/CBMiogFBVV95cUxPdnhQem9lMHZ5QkVWcXc4Qlc3OUwzejlsQ2FMeC1xeUlpQ2NJYkF0Y0Ftel8wcF9lUDNlZ3ZrQi0ydDNQTUZONVpXLUJNdExQRnZDOHk5Sm90Q3lQWEE3c2RNaHFndlQ5N1ZJOHd5Q1hadFluN1hjblo5UFJodnJVZ24zeTl0NW9MQWVKSkd6UVhVZGtNcGVzQnd0NF84eGc2SGfSAacBQVVfeXFMUGduU0lFcUZCYk1jT19ISTN2eVhwa0lkYUExa29zQVZPQi10aEQtV0lBNjFDc0dvMWgzdmEyb1pHTVp2aXdjZmRaQzZLYm91RkQ2VjM5UER5eHJwYkFJcUZmb2p6UzJmaGRNVDV3aW9FQVFoQnBsTnF2UXVlTDNWMV92Z3N1VVlRTjJ5bHhjdWdUWDBPblJEdllvOE41LW9sbXAtVWY4Z00?oc=5) · KOIN.com
- 2026-07-15 [What is going up at Peoria's The Trailhead development? - azcentral.com and The Arizona Republic](https://news.google.com/rss/articles/CBMipgFBVV95cUxNTFBGYUJfMWRocHhva2o2Um1fVmFGeGE0LUJzeENHbVpyRlBKLU05YWFTUEpvblpYMlFsZ1YwMXlscklLOEJSUE5oOHd3NU1BMS1EZVZ1S0VSNXBnOG1SMXh5ZUtrUmhCaFl2MGFIUUY4TjZQcWh6dFlKbUJrM1pwRVk5QThTQzhqSnhza29rVW52b0t5TkV4QWxuSllXR1VtZ3JRcUJn?oc=5) · azcentral.com and The Arizona Republic
- 2026-07-22 [2026 Best of Portland Readers’ Poll: Goods and Services - Willamette Week](https://news.google.com/rss/articles/CBMinwFBVV95cUxOS0JKQWdiZEtYdmk5Sm4zMUIyUG1XYzJnVDJ1WTBaVFdsSm9mZGsyRVJOblZaalJKb2tGQ3ZDcl9ZcVNDVk9BR0tSYk1MeTNEdWl2VnU3Zkd5WENPUUN3WTFPZi15SEtsQjBjckg3UlNCZEU3bk9MX3R1aFV2UUhtcjBxb3dKQUZ0a1VvaHRHX2dIMVVfZ3hwS2NWMU5KU0E?oc=5) · Willamette Week
- 2025-10-09 [Powerlist: Credit Unions - oregonbusiness.com](https://news.google.com/rss/articles/CBMiYEFVX3lxTFBHNGdGRndIcGtFMTVKM280WTh6cWYwRE9QZVpkcktRT2kwSDh4WWd6ZEktVGZ2V3l6U3dDNGxJUzBsazUySmtOS3pkaEU1aGFWTlhvMmZhQVFBVWhZaUVMNA?oc=5) · oregonbusiness.com

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=644 (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/4.json (key "644", 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=644
- 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