# CREDIT UNION 1
Anchorage, AK · NCUA charter 66157 · asset band $1-10B · latest filing 2026-03 · live
Share link (named URL with a preview card): https://getbookiq.com/cu/credit-union-1-66157

Who the members are: state charter, organized 1982. 96,058 members of 563,161 potential (17.1% of the field); checking penetration 66% (share draft accounts per 100 members); loans per 100 members 67.

**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 | $1.53B |
| Members | 96,058 (3.1% YoY) |
| Full-time staff | 377 |
| Net worth | $217.0M |
| Net worth ratio | 14.2% (p90 of band) |
| ROA (annualized) | 1.40% (p90 of band) |
| Total delinquency | 0.80% (p68 of band) |
| Net charge-offs (annualized) | 0.80% (p76 of band) |
| Loans / shares | 95% (p80 of band) |
| Cash / assets | 8.5% |
| Borrowings / assets | 4.24% |
| Net interest margin | 4.83% (p99 of band) |
| Operating expense / assets | 4.53% (p96 of band) |
| Vehicles % of loans | 40% (p78 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 57% |
| Third-party paper % of net worth | 161% (p57 of band) |
| Vehicle delinquency | 0.78% (p66 of band) |
| Vehicle NCO | 2.51% (p92 of band) |
| Repossessed % of vehicle book | 0.13% (p68 of band) |
| Real estate % of loans | 45% |
| Credit cards % of loans | 5% |
| Unsecured % of loans | 8% |
| Commercial % of net worth | 1% |
| Core shares % of member funds | 47% |
| Certificates % of member funds | 17% |
| Average share balance | $6,485 |
| Participations bought / yr | $0 |
| Participations sold / yr | $156.9M |
| Participations outstanding | $0 |
| Loans outstanding per 100 members | 67% |
| Loans granted per 100 members, annualized | 22% |
| Average loan balance | $18,432 |
| Loans granted, annualized | $393.2M |

## Participation posture (from the same filings)

Bought $0 and sold $156.9M in the latest annualized quarter; $0 outstanding purchased (0.0% of net worth), $3.5M sold and retained. Sold in 2 and bought in 0 of the last 8 quarters. Shares 4.2% year over year.

## Flags firing in the latest filing

- **expense trap** (`earn_opex`)
- **loans>95% of shares** (`str_ltos`)
- **3rd-party paper>100% NW** (`str_thirdparty`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 1 | expense trap |  |
| 2016-06 | 3 | delinquency 2x band, charge-offs p90 |  |
| 2016-09 | 3 |  |  |
| 2016-12 | 3 | net worth falling | delinquency 2x band |
| 2017-03 | 4 | delinquency 2x band |  |
| 2017-06 | 2 |  | net worth falling, delinquency 2x band |
| 2017-09 | 3 | delinquency 2x band |  |
| 2017-12 | 3 |  |  |
| 2018-03 | 2 |  | delinquency 2x band |
| 2018-06 | 3 | delinquency 2x band |  |
| 2018-09 | 3 |  |  |
| 2018-12 | 2 |  | delinquency 2x band |
| 2019-03 | 1 |  | charge-offs p90 |
| 2019-06 | 1 |  |  |
| 2019-09 | 1 |  |  |
| 2019-12 | 1 |  |  |
| 2020-03 | 1 |  |  |
| 2020-06 | 2 | margin squeeze |  |
| 2020-09 | 2 |  |  |
| 2020-12 | 4 | delinquency 2x band, delinquency rising |  |
| 2021-03 | 3 | net worth falling | expense trap, delinquency rising |
| 2021-06 | 1 |  | margin squeeze, net worth falling |
| 2021-09 | 1 |  |  |
| 2021-12 | 2 | net worth falling |  |
| 2022-03 | 2 | expense trap | net worth falling |
| 2022-06 | 3 | 3rd-party paper>100% NW |  |
| 2022-09 | 3 |  |  |
| 2022-12 | 3 |  |  |
| 2023-03 | 3 |  |  |
| 2023-06 | 4 | members leaving |  |
| 2023-09 | 6 | delinquency rising, assets shrinking |  |
| 2023-12 | 5 | leaning on borrowings | delinquency rising, assets shrinking |
| 2024-03 | 7 | net worth falling, delinquency rising |  |
| 2024-06 | 5 | loans>95% of shares | members leaving, net worth falling, delinquency rising |
| 2024-09 | 4 |  | delinquency 2x band |
| 2024-12 | 4 | assets shrinking | loans>95% of shares |
| 2025-03 | 4 |  |  |
| 2025-06 | 4 | loans>95% of shares | assets shrinking |
| 2025-09 | 4 |  |  |
| 2025-12 | 3 |  | leaning on borrowings |
| 2026-03 | 3 |  |  |

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

- 2026-06-03 [Members Approve CU1 Merger with MAC Federal Credit Union - Alaska Business Magazine](https://news.google.com/rss/articles/CBMioAFBVV95cUxQeEhzRmREcjBwLWswWkQyQVdVSjB0T3E2NXkyZERKS0htM2pDSkNYclRSbkdyZ1VYandGS3d6WEw4Q3ZCTkowX2pBSGF6TnlKNkt5WWN4WjlmeTB3RHB2RUFHZ1VOSVNzckVrNTJiN21WOWJjd0VrLTlxUWVnM0VrLXJIWE5oaXRIMkgxaXJhNUhJS2RfMjg1U285TUlXTWxp?oc=5) · Alaska Business Magazine
- 2026-08-07 [Credit Union 1 stages grand opening celebration for new Homer branch - Homer News](https://news.google.com/rss/articles/CBMiqgFBVV95cUxNVVVGdWtjWlFENUFWTmVsX3VyY0llajNCSEo1NEhUd1JRRE9lcGVwU1QzeFdLc05rM0h6eTVvREpSdW9tdkhvNWF6VTBzdkJOZjBMdndiWnJJV25mOXY0OE4yWDVlMG9lMU9xWHhUMGdrSFp4d0phUHNRWXdYY08wZGlqa3JGNG9LdVRjRVVqY3J6MF9rOHBWbE5NcjVaS2l6dXNvTHAtdHo3UQ?oc=5) · Homer News
- 2026-05-15 [How Alaska’s Credit Union 1 serves ‘banking tundras’ - Banking Dive](https://news.google.com/rss/articles/CBMikAFBVV95cUxQZ0diV0Y3em03R1pWMmZVZXRZOF9HUmVJaU5WTHRuSWRUS3hHTURCckluOW5sREFoUXBpS0FuVGJBTzB3ZDFMOWRJSGl0aUhmcGRIb3pVa2FhM1FSbi14NlV5Q3kyN0JpMmxtb3dVeDMwTXJLdFpKbHRjVHVUNjFIZFhydXA5a2Z2blZRZlNPa3I?oc=5) · Banking Dive
- 2026-03-09 [State regulators intend to approve merger of two Alaska credit unions - Alaska Beacon](https://news.google.com/rss/articles/CBMiqgFBVV95cUxOazgxWmgxM0ZTQ1JoMkUzdFFrZVRuSE1USy1hRHRNM2RqRlpsQ2xDb3JDYXlQLWdTdVVGVVBKUHU4N2o4VmplcVdSLXpNRnBwQkN1aGRFYUhfZXQ1OXRCWlJyOWVPOUJhaWxDTDU2Uzhoc0NEWHVzQ3ctbnBEeUxzVnp1RGdhV1JPd2lLQ19ZZk5uS3FjZlRwNVlfUEo2NWFlQ2hhc0l4azhjUQ?oc=5) · Alaska Beacon
- 2026-07-30 [In Alaska and West Virginia, Credit Unions Innovate to Meet the Needs of Rural Communities - The Daily Yonder](https://news.google.com/rss/articles/CBMiwwFBVV95cUxOLWJmZ2FmTVRYQklWY2kxdldWcE5JNGRqZjB3UmNYN2M1YnJONm1oN2d6eVhFYW1uR1dabldWWHEzMjZFcExZX1JBWFBFWUQtMWh6ZUVYSHc0UXZ0M3JKdmhYSkpYLTNDYmdBUWdza0RBWm96Q0U5X0ZHekE0ZzdoaWN3WWtKOTZPWW05aktQSVJHY1VfcWo5d1MtdnQyME5XTlNNbF84WWlxSGdDWlRTelRKZzBkWXNVd0g5Tk1rQXNoUU0?oc=5) · The Daily Yonder
- 2026-06-29 [20 Largest Credit Unions in America | Banking Advice | U.S. News - U.S. News & World Report](https://news.google.com/rss/articles/CBMigAFBVV95cUxPTGo3NzJqcExQdW1NT240R08xaGVXT1pFZHBGS29RSG9UaUJQaWkxV3RrbEZheE5jWjRlUmp0am5oQ3V6SFh6U2lIQ2NvaWtKTnhsNko2TU0zYXRhWUFEb0ZBUWFJUkxYWlQ4eVBTWHFmNjZkbW1QOXg1VnBDbExpWA?oc=5) · U.S. News & World Report
- 2026-07-28 [Credit Union 1 (Alaska) Expands Collaboration with NCR Atleos Through Statewide ATM Branding in Circle K Stores - Business Wire](https://news.google.com/rss/articles/CBMi-gFBVV95cUxPeFZfNnlHdnpYUklaODJGVkNFNE9XYnhPRS1SY3VfdmpBbEtFM2dOLUJWTEg1OWNrQmxWcGY3aXVOWFg5WmJsOGc4c1lmRk5XVTBYNGFyMUFDLThwOUxTamc0elduRW9NR0lXTjNQdkZvekZiNmo0Y0ZPdWtNd3BZQlpRZTRRTzM5QVBWUGRkQ1JsU3I3Q0thdmNPazNxTl94elZCRmV3T3F5RzFQSHlwdGxzU3NJeGtWdmZvWVJqZ1RyNzlkdXlENUc0U1pVWUk4OHBkTnRHQk9KMGtTUmRfWDZ1bV93Sm5yVHRPbFNkSHY2SG5JYVRZVFFR?oc=5) · Business Wire
- 2026-01-27 [Continued Expansion as Credit Union 1 Plans Homer Branch - Alaska Business Magazine](https://news.google.com/rss/articles/CBMioAFBVV95cUxOVTJVSTdpd0hyWi1yTzBRd09sWlRkenRhek9XUlYxTmU4b2VEU1VpWk94M3ROODNuai1pc1ZRSkg3aXZDaUh0Z3N6a3o0alBLT0Y4QWlyZGpHMkdPeC1MQ0JwWDEzR0thLXV2aVY2US1CM3poUWF3RW1iX1k4OEZRR2dzSHVaQ0JObkhuZTRNNWdqelZ4WVMzdWlvc1RVNk1H?oc=5) · Alaska Business Magazine

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=66157 (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/45.json (key "66157", 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=66157
- 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