# PRIMESOURCE
Spokane, WA · NCUA charter 67911 · asset band $50-100M · latest filing 2026-03 · live
Share link (named URL with a preview card): https://getbookiq.com/cu/primesource-67911

Who the members are: state charter, organized 1935, low-income designated. 6,727 members of 50,000 potential (13.4% of the field); checking penetration 44% (share draft accounts per 100 members); loans per 100 members 42.

**Verdict on the desk:** this could be *stressed*. Composite score 8 of 18 (one point per flag across 17 flags, capital below 7% counted twice).

## What the filing shows

| Measure | Value |
|---|---|
| Total assets | $85.3M |
| Members | 6,727 (-1.0% YoY) |
| Full-time staff | 19 |
| Net worth | $10.8M |
| Net worth ratio | 12.6% (p48 of band) |
| ROA (annualized) | -1.38% (p2 of band) |
| Total delinquency | 3.24% (p98 of band) |
| Net charge-offs (annualized) | 2.01% (p97 of band) |
| Loans / shares | 63% (p54 of band) |
| Cash / assets | 31.6% |
| Borrowings / assets | 0.00% |
| Net interest margin | 3.82% (p57 of band) |
| Operating expense / assets | 3.88% (p62 of band) |
| Vehicles % of loans | 51% (p63 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 77% |
| Third-party paper % of net worth | 242% (p95 of band) |
| Vehicle delinquency | 4.17% (p98 of band) |
| Vehicle NCO | 3.85% (p98 of band) |
| Repossessed % of vehicle book | 2.04% (p99 of band) |
| Real estate % of loans | 24% |
| Credit cards % of loans | 3% |
| Unsecured % of loans | 6% |
| Commercial % of net worth | 0% |
| Core shares % of member funds | 50% |
| Certificates % of member funds | 24% |
| Average share balance | $6,166 |
| Participations bought / yr | $0 |
| Participations sold / yr | $0 |
| Participations outstanding | $3.4M |
| Loans outstanding per 100 members | 42% |
| Loans granted per 100 members, annualized | 5% |
| Average loan balance | $16,614 |
| Loans granted, annualized | $7.5M |

## Participation posture (from the same filings)

Bought $0 and sold $0 in the latest annualized quarter; $3.4M outstanding purchased (31.8% of net worth), $0 sold and retained. Sold in 0 and bought in 3 of the last 8 quarters. Shares -8.5% year over year.

## Flags firing in the latest filing

- **losing money** (`earn_negative`)
- **delinquency 2x band** (`aq_dq_high`)
- **delinquency rising** (`aq_dq_rising`)
- **charge-offs p90** (`aq_nco_high`)
- **repo signal** (`aq_repo`)
- **assets shrinking** (`shrink_assets`)
- **loan book shrinking** (`shrink_loans`)
- **3rd-party paper>100% NW** (`str_thirdparty`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 2 | repo signal, 3rd-party paper>100% NW |  |
| 2016-06 | 1 |  | repo signal |
| 2016-09 | 2 | repo signal |  |
| 2016-12 | 3 | delinquency 2x band |  |
| 2017-03 | 3 |  |  |
| 2017-06 | 5 | net worth falling, delinquency rising |  |
| 2017-09 | 2 |  | delinquency 2x band, net worth falling, delinquency rising |
| 2017-12 | 2 |  |  |
| 2018-03 | 3 | charge-offs p90 |  |
| 2018-06 | 3 | delinquency 2x band | charge-offs p90 |
| 2018-09 | 2 |  | repo signal |
| 2018-12 | 4 | net worth falling, delinquency rising |  |
| 2019-03 | 4 | repo signal | delinquency rising |
| 2019-06 | 2 |  | delinquency 2x band, net worth falling |
| 2019-09 | 3 | delinquency 2x band |  |
| 2019-12 | 3 |  |  |
| 2020-03 | 5 | delinquency rising, charge-offs p90 |  |
| 2020-06 | 7 | net worth falling, loan book shrinking |  |
| 2020-09 | 7 | losing money, members leaving, auto monoline | repo signal, delinquency rising, net worth falling |
| 2020-12 | 7 | margin squeeze, delinquency rising | loan book shrinking, losing money |
| 2021-03 | 7 | net worth falling, repo signal | margin squeeze, delinquency rising |
| 2021-06 | 6 |  | net worth falling |
| 2021-09 | 4 |  | delinquency 2x band, repo signal |
| 2021-12 | 5 | delinquency 2x band |  |
| 2022-03 | 5 |  |  |
| 2022-06 | 4 |  | members leaving |
| 2022-09 | 6 | delinquency rising, repo signal |  |
| 2022-12 | 6 | net worth falling | delinquency rising |
| 2023-03 | 5 |  | net worth falling |
| 2023-06 | 5 | delinquency rising | repo signal |
| 2023-09 | 5 | repo signal | delinquency rising |
| 2023-12 | 7 | assets shrinking, members leaving |  |
| 2024-03 | 6 | losing money | assets shrinking, members leaving |
| 2024-06 | 6 |  |  |
| 2024-09 | 7 | delinquency rising, members leaving | losing money |
| 2024-12 | 6 |  | members leaving |
| 2025-03 | 8 | losing money, assets shrinking, loan book shrinking | delinquency rising |
| 2025-06 | 7 | delinquency rising | auto monoline, loan book shrinking |
| 2025-09 | 8 | loan book shrinking |  |
| 2025-12 | 7 |  | delinquency rising |
| 2026-03 | 8 | delinquency rising |  |

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

- 2025-11-06 [Small credit unions double down on accessibility, empathy - Spokane Journal of Business](https://news.google.com/rss/articles/CBMipgFBVV95cUxQNS1Td1FHazZfUmprNzJzZDlnQWpibWtzZEFuUmlnOS02NU9CVlJEQjB4bUg0aEZrQmxUT0dIa0tHWkdycnBTVDVwOVI4VzUzMU9YR3dYUDRZd3k1eVBQOHBJZTVpV1RPODFqaXZIc3QxVFpRRFNfdlVBUnRjREIyX1ktTDVpd0FzLTVxU1BmcmJDTm9pRGl2US16V19NbVpEeWtabWt3?oc=5) · Spokane Journal of Business
- 2025-08-27 [Small local credit unions engage in collaborative competition for the good of Spokane's financial ecosystem - inlander.com](https://news.google.com/rss/articles/CBMilAJBVV95cUxPaUYycmdsS3lZekI1SnFFU1hLUkdudFZMVVBqeFlHSXNtT1RCZVZvU0xjc3pJSlJXcFVvN2tFVUNOdVZ4bFFJdnhUM3dTMmdlZk1tTWxRYnF4dFlpOTRleEFyOW5kVWp4bWgwY3RldnRQWExnckxDdDVhWnNsQnREWjVqdVVVdmw2WlNtUHEycUFKa21XNmhXX3FXRnFHcHJtNURYZkM5SlprMVExUVdRREpsUmptTmJRYllsTldMUUlVZEhLX1FPN09SaDAzaVVpMmpHT2FjYUp1cmUtTDVZSk1oamM2TmVOS3NHODFMYzYxYUhFQTdCT1VZYXJjZVdUUldfYkhVdElxOExiMXc2aHJub1I?oc=5) · inlander.com
- 2012-08-26 [Obituary: Grant, Bonnie Leanne (Brown) - The Spokesman-Review](https://news.google.com/rss/articles/CBMiiAFBVV95cUxOVlYwU3ZIYTNKNVY2ZElsVnZBeGhIc21YSTdnNlVqU2gwc2F1VUMzRm1xcEdKWW0wTUVzbW5wV1JqclBGbUt2bENDVjFjVEZUSkhTa21oVnpYWmplMnhPckI4RFgwVldKWWZzYmpkdzdocmZCS2xLTDdjTjYzYXAyOE9aZFdCMVBP?oc=5) · The Spokesman-Review
- 2014-02-13 [URM Stores investigation ending; ripple effects continue - Spokane Journal of Business](https://news.google.com/rss/articles/CBMiogFBVV95cUxOeXAta1FxVTlGMndKYzVXVFNXNnBOUGRvLUxKQlJ2UjRPSDRJT0hBMmVJdUQyWWRsdFlVUnFoWmkzcU5pNjJFbXlCb2pzckN3OG15Tno4Zy1CS2ZBdFhoUTE1NnF1dm1lbkE5WUtEbjRkZDMwV2djM3ZoOG5ENXluNjlEemh5Nzk0RTFObXhCdXpDeTNSZXI1NWxpQlRBV2w3THc?oc=5) · Spokane Journal of Business

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=67911 (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/7.json (key "67911", 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=67911
- 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