# NORTHWEST PLUS
Everett, WA · NCUA charter 67262 · asset band $200-500M · latest filing 2026-03 · live
Share link (named URL with a preview card): https://getbookiq.com/cu/northwest-plus-67262

Who the members are: state charter, organized 1939. 15,213 members of 1,000,000 potential (1.5% of the field); checking penetration 72% (share draft accounts per 100 members); loans per 100 members 38.

**Verdict on the desk:** this could be *indirect buyer*. Composite score 2 of 18 (one point per flag across 17 flags, capital below 7% counted twice).

## What the filing shows

| Measure | Value |
|---|---|
| Total assets | $318.2M |
| Members | 15,213 (-1.7% YoY) |
| Full-time staff | 50 |
| Net worth | $42.3M |
| Net worth ratio | 13.3% (p74 of band) |
| ROA (annualized) | 0.80% (p59 of band) |
| Total delinquency | 0.24% (p16 of band) |
| Net charge-offs (annualized) | 0.55% (p67 of band) |
| Loans / shares | 64% (p28 of band) |
| Cash / assets | 13.3% |
| Borrowings / assets | 0.00% |
| Net interest margin | 3.32% (p34 of band) |
| Operating expense / assets | 2.53% (p13 of band) |
| Vehicles % of loans | 29% (p43 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 79% |
| Third-party paper % of net worth | 115% (p62 of band) |
| Vehicle delinquency | 0.37% (p34 of band) |
| Vehicle NCO | 1.31% (p80 of band) |
| Repossessed % of vehicle book | 1.50% (p99 of band) |
| Real estate % of loans | 59% |
| Credit cards % of loans | 0% |
| Unsecured % of loans | 3% |
| Commercial % of net worth | 0% |
| Core shares % of member funds | 72% |
| Certificates % of member funds | 17% |
| Average share balance | $9,495 |
| Participations bought / yr | $0 |
| Participations sold / yr | $0 |
| Participations outstanding | $23.3M |
| Loans outstanding per 100 members | 38% |
| Loans granted per 100 members, annualized | 5% |
| Average loan balance | $30,573 |
| Loans granted, annualized | $27.7M |

## Participation posture (from the same filings)

Bought $0 and sold $0 in the latest annualized quarter; $23.3M outstanding purchased (55.2% of net worth), $0 sold and retained. Sold in 0 and bought in 6 of the last 8 quarters. Shares 4.0% year over year.

## Flags firing in the latest filing

- **repo signal** (`aq_repo`)
- **3rd-party paper>100% NW** (`str_thirdparty`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 0 |  |  |
| 2016-06 | 0 |  |  |
| 2016-09 | 0 |  |  |
| 2016-12 | 2 | net worth falling, repo signal |  |
| 2017-03 | 2 |  |  |
| 2017-06 | 1 | 3rd-party paper>100% NW | net worth falling, repo signal |
| 2017-09 | 2 | repo signal |  |
| 2017-12 | 2 |  |  |
| 2018-03 | 2 |  |  |
| 2018-06 | 2 |  |  |
| 2018-09 | 2 |  |  |
| 2018-12 | 1 |  | repo signal |
| 2019-03 | 1 |  |  |
| 2019-06 | 1 |  |  |
| 2019-09 | 2 | repo signal |  |
| 2019-12 | 2 |  |  |
| 2020-03 | 4 | net worth falling, delinquency rising |  |
| 2020-06 | 5 | margin squeeze |  |
| 2020-09 | 5 |  |  |
| 2020-12 | 4 |  | delinquency rising |
| 2021-03 | 4 |  |  |
| 2021-06 | 2 |  | net worth falling, margin squeeze |
| 2021-09 | 1 |  | repo signal |
| 2021-12 | 1 | repo signal | 3rd-party paper>100% NW |
| 2022-03 | 1 |  |  |
| 2022-06 | 2 | members leaving |  |
| 2022-09 | 1 | 3rd-party paper>100% NW | repo signal, members leaving |
| 2022-12 | 3 | delinquency 2x band, repo signal |  |
| 2023-03 | 3 | delinquency rising | delinquency 2x band |
| 2023-06 | 3 |  |  |
| 2023-09 | 3 | members leaving | delinquency rising |
| 2023-12 | 3 |  |  |
| 2024-03 | 3 |  |  |
| 2024-06 | 3 |  |  |
| 2024-09 | 2 |  | repo signal |
| 2024-12 | 3 | repo signal |  |
| 2025-03 | 4 | delinquency rising |  |
| 2025-06 | 3 |  | delinquency rising |
| 2025-09 | 3 | delinquency rising | members leaving |
| 2025-12 | 2 |  | delinquency rising |
| 2026-03 | 2 |  |  |

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

- 2013-06-05 [Northwest Resource Federal Credit Union changes name to Trailhead Credit Union - oregonlive.com](https://news.google.com/rss/articles/CBMihgFBVV95cUxPLUZ3Y3dDbFVtVkMwWXlSSlBZcTRTQ0otMnBRR1RQRllzU0FoSlJJalJvT1d3ZTE2NGlSRzZMVU82T2dEelFhaGhKOG9SMUpSS1o5VXlXV3FEd0c2MVY3VFE4RmU2UzNQVnowNF8zUzhFdm9hLVB0SFYxVEdVQXRjbWFQQ1FkQQ?oc=5) · oregonlive.com
- 2024-05-30 [Marysville bank robbery suspect arrested at Lynnwood hotel - KIRO 7 News Seattle](https://news.google.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?oc=5) · KIRO 7 News Seattle
- 2024-06-13 [WSP Investigating Southbound I-5 Shooting - My Everett News](https://news.google.com/rss/articles/CBMihgFBVV95cUxPYmEyMnc1bkZYdkJtX0ZIS2RVbkx2VW5jQTgyVDdYS3Bja3o0NnNfU1N1S0NOLXN4WTduMkpzcDk0c1Z2bF91a29sSHEyeDlnWjdVUkEyc0FJclZERXowZEwwbW4ySXloYlNWdEp2dE4wYk9DWXNtOGFTQXZET0p4UmdtdTFDQQ?oc=5) · My Everett News
- 2011-04-22 [Herbert Andrews Obituary - Everett, WA - Dignity Memorial](https://news.google.com/rss/articles/CBMigwFBVV95cUxNZDIza3NLU1UxanYyQ0o1LWxIYnpXQnpLZzdRYlhhdUEyX0M3ZG9OaFFRX0JENldWMEVrcXVkZUo5SEhZZk15VVNJcHVzaWw4ZklXLXdwSHlWSy0zOERraFIwSVBPa0xDMVNza0N0Q1lDTW5scFVHY0g0Y0U1VUdFM24yYw?oc=5) · Dignity Memorial
- 2021-07-20 [Zane Bray Obituary (1994 - 2021) - Everett, WA - The Herald (Everett) - legacy.com](https://news.google.com/rss/articles/CBMiigFBVV95cUxQUkhSSEtSTVl2cV9seWM5d2hhRTEzd29sSC1nRHN3RWRDZktRUjNnWVFKRVIwbDRrTGRrWDNFNEdUU2E4OUJ5U2FRbmNhZjd0T216STVnc3hFb1dOSFlfN1lqRjRidUVxRnBLbVVwanJDNy00WEJaaTBuenlHU1FQRlo3ZUJwOEFmSkE?oc=5) · legacy.com
- 2023-02-15 [What is Google Wallet? Everything you need to know - Android Headlines](https://news.google.com/rss/articles/CBMiYEFVX3lxTFBCaV9kek5yUC10U2x6b3lxN3lSd05qZmJxcmd2dG1fQ2xZYy01bmVlN1dGR2s5b3BrdU1rQUZqWGtkUmUxOHhmSUVBSlhxN1hEd2VQamZ1QTk4bHNJMjBGNw?oc=5) · Android Headlines
- 2004-05-28 [Dayna Fure Obituary (2004) - Everett, WA - The Herald (Everett) - legacy.com](https://news.google.com/rss/articles/CBMiiwFBVV95cUxPSk5fTnZFMDBEYmdzdHBMaHhrbXh2djFnRzhabWpZUDVyTTMxbzZ4c09pRDJ5U2RSWlJZQ3FCamZNd2x3TlUzOFNvanBuallnUlRFNjJvamNicE5KRHFVbWJUQllDZDkwR3dGcDNXZS1BWDBiNkRHQ1hwODdfZ3pQbXZHVmpkZ283alZN?oc=5) · legacy.com

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=67262 (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/62.json (key "67262", 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=67262
- 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