# NATIONAL J. A. C. L.
Salt Lake City, UT · NCUA charter 67005 · asset band <$50M · latest filing 2026-03 · live
Share link (named URL with a preview card): https://getbookiq.com/cu/national-j-a-c-l-67005

Who the members are: state charter, organized 1987, minority depository institution. 3,088 members of 1,185,238 potential (0.3% of the field); checking penetration 24% (share draft accounts per 100 members); loans per 100 members 120.

**Verdict on the desk:** this could be *participation buyer*. 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 | $39.2M |
| Members | 3,088 (-0.3% YoY) |
| Full-time staff | 4 |
| Net worth | $3.7M |
| Net worth ratio | 9.5% (p13 of band) |
| ROA (annualized) | -0.11% (p21 of band) |
| Total delinquency | 1.29% (p68 of band) |
| Net charge-offs (annualized) | 0.16% (p62 of band) |
| Loans / shares | 57% (p49 of band) |
| Cash / assets | 37.5% |
| Borrowings / assets | 0.00% |
| Net interest margin | 2.61% (p10 of band) |
| Operating expense / assets | 2.87% (p28 of band) |
| Vehicles % of loans | 38% (p24 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 0% |
| Third-party paper % of net worth | 67% (p95 of band) |
| Vehicle delinquency | 2.12% (p81 of band) |
| Vehicle NCO | 0.42% (p79 of band) |
| Repossessed % of vehicle book | 0.00% (p46 of band) |
| Real estate % of loans | 53% |
| Credit cards % of loans | 5% |
| Unsecured % of loans | 6% |
| Commercial % of net worth | 0% |
| Core shares % of member funds | 41% |
| Certificates % of member funds | 41% |
| Average share balance | $7,236 |
| Participations bought / yr | $0 |
| Participations sold / yr | $0 |
| Participations outstanding | $2.5M |
| Loans outstanding per 100 members | 120% |
| Loans granted per 100 members, annualized | 5% |
| Average loan balance | $5,255 |
| Loans granted, annualized | $5.6M |

## Participation posture (from the same filings)

Bought $0 and sold $0 in the latest annualized quarter; $2.5M outstanding purchased (66.7% of net worth), $1.0M sold and retained. Sold in 0 and bought in 3 of the last 8 quarters. Shares 0.7% year over year.

## Flags firing in the latest filing

- **net worth falling** (`cap_falling`)
- **losing money** (`earn_negative`)
- **delinquency rising** (`aq_dq_rising`)
- **loan book shrinking** (`shrink_loans`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 1 | losing money |  |
| 2016-06 | 1 |  |  |
| 2016-09 | 1 |  |  |
| 2016-12 | 2 | net worth falling |  |
| 2017-03 | 2 |  |  |
| 2017-06 | 3 | delinquency rising |  |
| 2017-09 | 2 | members leaving | net worth falling, delinquency rising |
| 2017-12 | 3 | delinquency rising |  |
| 2018-03 | 4 | net worth falling |  |
| 2018-06 | 4 |  |  |
| 2018-09 | 1 |  | losing money, delinquency rising, net worth falling |
| 2018-12 | 1 | leaning on borrowings | members leaving |
| 2019-03 | 1 |  |  |
| 2019-06 | 1 |  |  |
| 2019-09 | 1 |  |  |
| 2019-12 | 2 | delinquency rising, assets shrinking | leaning on borrowings |
| 2020-03 | 2 |  |  |
| 2020-06 | 2 | delinquency 2x band | assets shrinking |
| 2020-09 | 2 | net worth falling, margin squeeze | delinquency rising, delinquency 2x band |
| 2020-12 | 2 |  |  |
| 2021-03 | 3 | charge-offs p90 |  |
| 2021-06 | 2 | losing money | margin squeeze, charge-offs p90 |
| 2021-09 | 2 |  |  |
| 2021-12 | 0 |  | net worth falling, losing money |
| 2022-03 | 1 | 3rd-party paper>100% NW |  |
| 2022-06 | 2 | members leaving |  |
| 2022-09 | 2 |  |  |
| 2022-12 | 2 |  |  |
| 2023-03 | 3 | delinquency rising |  |
| 2023-06 | 4 | assets shrinking |  |
| 2023-09 | 5 | loan book shrinking |  |
| 2023-12 | 2 |  | 3rd-party paper>100% NW, members leaving, loan book shrinking |
| 2024-03 | 1 | losing money | delinquency rising, assets shrinking |
| 2024-06 | 3 | net worth falling, delinquency rising |  |
| 2024-09 | 3 |  |  |
| 2024-12 | 3 | 3rd-party paper>100% NW | delinquency rising |
| 2025-03 | 2 |  | net worth falling |
| 2025-06 | 2 |  |  |
| 2025-09 | 0 |  | losing money, 3rd-party paper>100% NW |
| 2025-12 | 2 | delinquency rising, loan book shrinking |  |
| 2026-03 | 4 | net worth falling, losing money |  |

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

- 2024-07-24 [Ted Nagata - Starks Funeral Parlor](https://news.google.com/rss/articles/CBMiWkFVX3lxTE5YYUUtSUVmcVNiTlU2MWlpb24wRjU1RFBmQXoyN1lmcUdQTzRWZ24wdGYwc3pSWVIwd3NiR0FfSGpKYzhDa0dVeHpHSjJmNks4ZjhuM2kxbm9rUQ?oc=5) · Starks Funeral Parlor
- 2022-10-17 [University of Utah Honors Ted Nagata - Pacific Citizen](https://news.google.com/rss/articles/CBMid0FVX3lxTE02Y0pGdkVXZnRXVlhqQmVoc1Z5OXQ2OWxkOHpPTENJNDgxeGxHdFJBQ1hMQXp6TVJTWHp6MkEtLXZIZjVRNUw2RXBGOWFxbUtocGFGcVZFSDBJX204NWRoWGg5d0xsbXkzajJwanNCYjE5MmpMR1Rz?oc=5) · Pacific Citizen
- 2023-04-27 [Lisa Kasai Obituary (1962 - 2023) - Salt Lake City, UT - The Salt Lake Tribune - legacy.com](https://news.google.com/rss/articles/CBMikwFBVV95cUxNSXBBUXFOU3dYN2F5NzI2WUFNeDdadGJ1NVVSTnlsdlhDM3l0aG9pd2FwVHAyZ3RwdC1OVnNTTTBndUlRNnoyYTdLQTd5dUdOUzJWZGQ3WnltRDcyUkZpcWlwTnVxYmNZVXQ5elUzSzVqWWpvWUlyV1U3N1J5dGMybWNONUh2dnpxT192Y3J4cjd5UEE?oc=5) · legacy.com
- 2016-11-25 [Nobuo Iwamoto Obituary - Millcreek, UT - Dignity Memorial](https://news.google.com/rss/articles/CBMigwFBVV95cUxPSGZRU3pVbmx3NmJBcTJjc2V4MWJoTHVkTkNJNFlKTzBGcTFyUUkwRlIzU1BSbG9GNGxYdHZpUUVRdDA2ZkQxVEsyWXh5VnYtMmVvak56dUp5d0NfaFgxSFRPaF9vNDVYek1lOVprZnh4eHVZUkdXWG9rV3FkRnJOQXI1NA?oc=5) · Dignity Memorial
- 2021-02-24 [Yoshie Fujii Obituary (1923 - 2021) - Salt Lake City, UT - Deseret News - legacy.com](https://news.google.com/rss/articles/CBMikAFBVV95cUxQckNPWjBBRS1jcC00enVBbExwNEpsc001bTBxbmhYeURlREtic2Z5M1FocG9OaE5SeU1NNlQwa05QU3Fyc3IxTjVtbUl2aERCbmxUT3liR1BjTzJSVXFXVnJoZGhUejRFNnYwcjF0WE5WWmZvYzFlUTB3b2VZeFF6MVRyZ3BZYXEtQmFQYlJyOUc?oc=5) · legacy.com
- 2021-12-06 [Ronald Mano Obituary (1942 - 2021) - Salt Lake City, UT - Deseret News - legacy.com](https://news.google.com/rss/articles/CBMijwFBVV95cUxOdzk3bmRjcTVfSUJQX2hyOUtKVklXQlNXMXM1UjdDa01jUWRzOHNxUlZ3MnVmc0l2NUlLb0FzRlNQSTFUV0xiY0NHTXczc0RpU19CRmZkRXNrUDBlN1FnN2dGSFZxWmdESUoySjdtX0FWNURYbGNpUy0xWWQ2RVZNQVZuWXdWNGYzOGFuQjcwaw?oc=5) · legacy.com
- 2020-03-15 [Kiyoshi Nodzu Obituary (1927 - 2020) - Salt Lake City, UT - Deseret News - legacy.com](https://news.google.com/rss/articles/CBMikAFBVV95cUxNLWtwNjY3RmRRNzRkZGNIWVlhdUZDbzRWQVhYekJOWFlUaWNoR0JvMWt4ZVdXQW9wM200UXlTWS1jZXo0RlhJNlpHZ3JaemEzU0R0WFdRRXJrQ2I0X0RGdFNUUTZ2U2RCU0dpY0hNTGl6MG82dzhWMG5ZcS1WWXU0T3VZZEtvMzV4MzVKeGhUal8?oc=5) · legacy.com
- 2018-02-18 [Masao Akiyama Obituary (1922 - 2018) - Murray, UT - The Salt Lake Tribune - legacy.com](https://news.google.com/rss/articles/CBMilgFBVV95cUxONnhtQktUeU5ZdEtENWg2T3kwUG9BdWtsaUlRRDhqd2dEV2Y4RXBDb18teHlHSzJkYUlvT29Fa1VGMEpCU3JaRm93bVY5ZkdXU1J6cUc4WEI4WkhSSzlOVzZRWmtOam5Za09NbW9PcU1DcFNpUkd3dWstNS1HTHlJd0VmU005b2MxNFRMNzk2MnZYSW1pUkE?oc=5) · legacy.com

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=67005 (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/61.json (key "67005", 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=67005
- 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