# HORIZON
Spokane Valley, WA · NCUA charter 67264 · asset band $1-10B · latest filing 2026-03 · live
Share link (named URL with a preview card): https://getbookiq.com/cu/horizon-67264

Who the members are: state charter, organized 1948, low-income designated. 105,370 members of 3,342,800 potential (3.1% of the field); checking penetration 50% (share draft accounts per 100 members); loans per 100 members 57.

**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 | $2.00B |
| Members | 105,370 (-3.5% YoY) |
| Full-time staff | 365 |
| Net worth | $254.0M |
| Net worth ratio | 12.7% (p78 of band) |
| ROA (annualized) | 0.55% (p36 of band) |
| Total delinquency | 0.14% (p4 of band) |
| Net charge-offs (annualized) | 0.48% (p47 of band) |
| Loans / shares | 96% (p82 of band) |
| Cash / assets | 6.6% |
| Borrowings / assets | 1.75% |
| Net interest margin | 3.58% (p68 of band) |
| Operating expense / assets | 3.26% (p53 of band) |
| Vehicles % of loans | 29% (p58 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 86% |
| Third-party paper % of net worth | 370% (p93 of band) |
| Vehicle delinquency | 0.11% (p4 of band) |
| Vehicle NCO | 0.70% (p31 of band) |
| Repossessed % of vehicle book | 0.20% (p83 of band) |
| Real estate % of loans | 26% |
| Credit cards % of loans | 1% |
| Unsecured % of loans | 2% |
| Commercial % of net worth | 22% |
| Core shares % of member funds | 47% |
| Certificates % of member funds | 38% |
| Average share balance | $12,113 |
| Participations bought / yr | $0 |
| Participations sold / yr | $0 |
| Participations outstanding | $0 |
| Loans outstanding per 100 members | 57% |
| Loans granted per 100 members, annualized | 10% |
| Average loan balance | $26,928 |
| Loans granted, annualized | $350.9M |

## Participation posture (from the same filings)

Bought $0 and sold $0 in the latest annualized quarter; $0 outstanding purchased (0.0% of net worth), $790,314 sold and retained. Sold in 0 and bought in 0 of the last 8 quarters. Shares 0.0% year over year.

## Flags firing in the latest filing

- **members leaving** (`shrink_members`)
- **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 | 3rd-party paper>100% NW |  |
| 2016-06 | 1 |  |  |
| 2016-09 | 2 | loans>95% of shares |  |
| 2016-12 | 2 | net worth falling | loans>95% of shares |
| 2017-03 | 2 |  |  |
| 2017-06 | 2 | loans>95% of shares | net worth falling |
| 2017-09 | 2 |  |  |
| 2017-12 | 2 |  |  |
| 2018-03 | 1 |  | loans>95% of shares |
| 2018-06 | 2 | net worth falling |  |
| 2018-09 | 2 |  |  |
| 2018-12 | 1 |  | net worth falling |
| 2019-03 | 1 |  |  |
| 2019-06 | 1 |  |  |
| 2019-09 | 2 | loans>95% of shares |  |
| 2019-12 | 1 |  | loans>95% of shares |
| 2020-03 | 1 |  |  |
| 2020-06 | 2 | net worth falling |  |
| 2020-09 | 4 | margin squeeze, delinquency rising, loans>95% of shares | net worth falling |
| 2020-12 | 3 |  | loans>95% of shares |
| 2021-03 | 1 |  | margin squeeze, delinquency rising |
| 2021-06 | 1 |  |  |
| 2021-09 | 1 |  |  |
| 2021-12 | 1 |  |  |
| 2022-03 | 1 |  |  |
| 2022-06 | 3 | delinquency rising, loans>95% of shares |  |
| 2022-09 | 3 |  |  |
| 2022-12 | 3 | net worth falling | loans>95% of shares |
| 2023-03 | 2 |  | delinquency rising |
| 2023-06 | 2 | delinquency rising | net worth falling |
| 2023-09 | 1 |  | delinquency rising |
| 2023-12 | 2 | loans>95% of shares |  |
| 2024-03 | 2 | assets shrinking | loans>95% of shares |
| 2024-06 | 3 | loans>95% of shares |  |
| 2024-09 | 3 |  |  |
| 2024-12 | 2 |  | assets shrinking |
| 2025-03 | 3 | assets shrinking |  |
| 2025-06 | 2 |  | assets shrinking |
| 2025-09 | 2 |  |  |
| 2025-12 | 3 | members leaving |  |
| 2026-03 | 3 |  |  |

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

- 2025-10-30 [Horizon Credit Union promotes Stefanie Robinson to senior vice president of member experience - CUInsight](https://news.google.com/rss/articles/CBMizwFBVV95cUxQOV9iS0hLVnpCY0xpRThCUExTZy0yZFFNVXdtSDZBa01iN1NwZlhpMnNKU29TVjUzZE42RU8wRXpobG93MDI3bUZtX2tyd1IzUGI5TVZlUExZMlNvTGNLUDd1WUVJckZtZV9VTVd0bVMwTFVXUjZCekJ2cDBGMUNhdWxnMmVleVp6Mlh1cmNOS2QtSUpZdTN4QkFfcjBodjdGZU5jVGJQaVNQN0pLaXkzV2JINGdjVEVyOElkSlVDblhnc243U3JlREtqdzhkZXc?oc=5) · CUInsight
- 2026-02-23 [4 News Now Extreme Team hard at work, supporting local veterans and their families - kxly.com](https://news.google.com/rss/articles/CBMihAJBVV95cUxOeGRwQ3h6QmpMeDh6d1lYWGd0XzhtQ0ZEd1N3eG4xMml4eXF4V1Zab1F4R2JncHlFTkNFNmNvbTBIZzFPaEhtQ3ZKcGtyNFFvd0d3ZDY0T0xoSzF4VHpNbEJuRWxpWjAybENhS3ZnYW1CamxjV1FRMjg3cFMxM0FTZEVUdkdHaUhxU2I1a3JEQWtfWmZielpYUWxfV2N6S05NR3htSFY4YU56U3QzZDRfRVVaOWVtdEVGVnJZMGVZTnppMXZyWHFiZy1EajRnSEJRUFJwOWtfb09oYUlfQ1RoU0VTQ3FlTTB1MWFXZm90M1pSTmVNRGxDX2p4bUswMjhYQmN3eA?oc=5) · kxly.com
- 2024-02-01 [Mergers are usually on the Horizon - Spokane Journal of Business](https://news.google.com/rss/articles/CBMihAFBVV95cUxNcXZ0ejkwQlBTVEFKZVhlTUNVWHU0dHphYTNNY1BfcmhfVFVvT2pmRl80WkRPNzROMnc5QXVzTUVzYndSVVZJcFhUNjQ4S21JSDVDbVV1d19mUURKM296RHpnQ3I3Y0FiQmEtQkV6YW9pT2dkVmRId284WWJRNW9uTGQzQ24?oc=5) · Spokane Journal of Business
- 2025-12-08 [Marquis Software Solutions Under Investigation for Data Breach of Over 780,000 Financial Records - Schubert Jonckheer & Kolbe](https://news.google.com/rss/articles/CBMickFVX3lxTE1vZVQ4bU5jSFVZOGJmZmVqbDJWLXBOcHcxWUZISVE3djVZZVM4ZHFaRTdFTk9vMGptMU5fY2NjMmNRRlRSX1BHVEJ6VjdDeHlSNEZIeTNYU2VoYVRaaDZqT2otMUJvaEROYWx3OWdlQmdIZw?oc=5) · Schubert Jonckheer & Kolbe
- 2020-07-07 [Washington credit union formally takes over Boise CU, transition on the way - BoiseDev](https://news.google.com/rss/articles/CBMipAFBVV95cUxNWUtZV3A2VXRxeFpxRTdvNHgyS2JFVnVkUmNVb2VOWFktVVhBTjNEYnhwYXpOUTdQcVJQa0lLU0tkbEU2cmRSUDhZSWlucU5tTFNueWpJV3lRYnFJSWRpYldyY0V3Y01BbjJ5RFQ2U3YtNnhIRFJNcnRQSmlRZDBEbm1oNkxqUTdYSllYSWROSlFGUTJzcjZVWklwNm1YbHNqMXNwSQ?oc=5) · BoiseDev
- 2025-12-09 [Gina Hardy Obituary - Spokane, WA - Neptune Society](https://news.google.com/rss/articles/CBMid0FVX3lxTFBRZnJGN3I4bE83VlJOM1oyYVV6MXlXVHh2UFVVSzE3anIwU0RzWENaUDlGREhaNHlETDdZRTNpeFJXYV9ta2NxYS1TVHluRHNPT1cwYkRFZ0J0ZF9yYWlCN1hWQzlnNUVMR0dTQmJHMVVURXlEMUFz?oc=5) · Neptune Society
- 2022-03-17 [Horizon Credit Union promotes two to Vice President - CUInsight](https://news.google.com/rss/articles/CBMilwFBVV95cUxPeHJtcGdpUzI1Nl81NlpfT0t5eTNoT3gxT3NSQkJROHpOLXlaWG9WVmhNSnBYQlE5M3V2R1MwYnJIRk5RMlh6OC1tR0J1LTNaRmFNd0ptYkh0T0VNZzZ3NGRVTU9kaXhkZDVwZWVZaW4zelhIcVpPTmN0LTVPN1B5VjZQLXBoanNMZk0wWGp1WlRmbU9sU3pv?oc=5) · CUInsight
- 2025-03-10 [Horizon Credit Union Closes Safeway Branch in Moses Lake After 19 Years - yoursourceone.com](https://news.google.com/rss/articles/CBMi-gFBVV95cUxPbXRESEFvSmNCa28wU3lZZTJ4d2d6eXpxdDk3SFlFcXpKV2JhQ1U3OHFKVHFSMktBVVVNTURwSmRyNHlZU2FreTdhbkJCY1dVM1p1QXVMaG1oX0o3dEM2eXVrejVBdl9uUk0yYU5kcUxDOVNfU0p4SGxqTFVRVjNOZWlQck9YMmdJZEQ3TUJtNFpOWFhrOC1iS3lwME9nX2Y2a2NRaXM0ZVhMcmQycndPT2hQSzVtY2Z3NUQtLTh0aG0xcFozWi1UbVJqTENhZjJSelV6ZjNWbkJEbHdIX3BSVlRZVmk2UVpfbE4yWllFMHBNYW94Z0Q4NUdn?oc=5) · yoursourceone.com

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=67264 (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/0.json (key "67264", 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=67264
- 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