# RED CANOE
LONGVIEW, WA · NCUA charter 68196 · asset band $1-10B · latest filing 2026-03 · live
Share link (named URL with a preview card): https://getbookiq.com/cu/red-canoe-68196

Who the members are: state charter, organized 1937, low-income designated. 60,463 members of 8,207,184 potential (0.7% of the field); checking penetration 78% (share draft accounts per 100 members); loans per 100 members 65.

**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 | $1.21B |
| Members | 60,463 (1.7% YoY) |
| Full-time staff | 242 |
| Net worth | $146.8M |
| Net worth ratio | 12.1% (p72 of band) |
| ROA (annualized) | 0.91% (p67 of band) |
| Total delinquency | 0.53% (p41 of band) |
| Net charge-offs (annualized) | 0.47% (p46 of band) |
| Loans / shares | 91% (p65 of band) |
| Cash / assets | 10.1% |
| Borrowings / assets | 0.00% |
| Net interest margin | 3.95% (p88 of band) |
| Operating expense / assets | 3.76% (p77 of band) |
| Vehicles % of loans | 23% (p39 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 70% |
| Third-party paper % of net worth | 115% (p43 of band) |
| Vehicle delinquency | 0.71% (p60 of band) |
| Vehicle NCO | 1.42% (p70 of band) |
| Repossessed % of vehicle book | 0.50% (p96 of band) |
| Real estate % of loans | 45% |
| Credit cards % of loans | 4% |
| Unsecured % of loans | 5% |
| Commercial % of net worth | 171% |
| Core shares % of member funds | 48% |
| Certificates % of member funds | 28% |
| Average share balance | $6,574 |
| Participations bought / yr | $32.0M |
| Participations sold / yr | $0 |
| Participations outstanding | $28.1M |
| Loans outstanding per 100 members | 65% |
| Loans granted per 100 members, annualized | 11% |
| Average loan balance | $24,253 |
| Loans granted, annualized | $261.0M |

## Participation posture (from the same filings)

Bought $32.0M and sold $0 in the latest annualized quarter; $28.1M outstanding purchased (19.1% of net worth), $0 sold and retained. Sold in 0 and bought in 6 of the last 8 quarters. Shares 4.2% year over year.

## Flags firing in the latest filing

- **delinquency rising** (`aq_dq_rising`)
- **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 | 0 |  |  |
| 2017-03 | 1 | members leaving |  |
| 2017-06 | 1 | delinquency rising | members leaving |
| 2017-09 | 1 | 3rd-party paper>100% NW | delinquency rising |
| 2017-12 | 1 |  |  |
| 2018-03 | 1 |  |  |
| 2018-06 | 1 |  |  |
| 2018-09 | 1 |  |  |
| 2018-12 | 1 |  |  |
| 2019-03 | 2 | net worth falling |  |
| 2019-06 | 1 |  | net worth falling |
| 2019-09 | 2 | delinquency rising |  |
| 2019-12 | 1 | net worth falling | 3rd-party paper>100% NW, delinquency rising |
| 2020-03 | 2 | delinquency rising |  |
| 2020-06 | 2 | margin squeeze | delinquency rising |
| 2020-09 | 2 |  |  |
| 2020-12 | 2 |  |  |
| 2021-03 | 3 | delinquency 2x band |  |
| 2021-06 | 0 |  | net worth falling, margin squeeze, delinquency 2x band |
| 2021-09 | 2 | delinquency 2x band, delinquency rising |  |
| 2021-12 | 1 | net worth falling | delinquency 2x band, delinquency rising |
| 2022-03 | 1 |  |  |
| 2022-06 | 0 |  | net worth falling |
| 2022-09 | 0 |  |  |
| 2022-12 | 1 | 3rd-party paper>100% NW |  |
| 2023-03 | 3 | charge-offs p90, assets shrinking |  |
| 2023-06 | 3 | delinquency rising | charge-offs p90 |
| 2023-09 | 3 |  |  |
| 2023-12 | 2 |  | assets shrinking |
| 2024-03 | 1 |  | delinquency rising |
| 2024-06 | 1 |  |  |
| 2024-09 | 1 |  |  |
| 2024-12 | 1 |  |  |
| 2025-03 | 2 | repo signal |  |
| 2025-06 | 1 |  | repo signal |
| 2025-09 | 2 | repo signal |  |
| 2025-12 | 3 | delinquency rising |  |
| 2026-03 | 3 |  |  |

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

- 2026-05-29 [Red Canoe Credit Union Donates, Collects Funds for Relief Efforts After Longview Plant Explosion - southsoundmag.com](https://news.google.com/rss/articles/CBMi6wFBVV95cUxNWHhyTXc5RlVtdURmYzB4VHRYMXljNDlNcXhGX0FSWHpPM1FGSVB0MXV4SWlMM05zck42RDQzVmtraEk0RDhoeWV4X1lpdUR0cHlNX2k1THdCTkZ3NzVmc1BYV2V5NHY1andhNWpCOFJzOXlaaUF6SGxneEtad25rdmxOZUJmcVFQXy1rODQ0U21oSEQ5Q0JEUUdrV0I2R1FSR05HUmdMNXVoblhVc1NnWXlNM1FXLVNaQlFDeDgzWS1iWmVYUXZYQXFSaC1LTHUyZGRZSEdIbmI5TDdRY2t2T2M0czZfTFQtVExB?oc=5) · southsoundmag.com
- 2025-02-10 [Red Canoe welcomes new Chief Experience Officer - CUInsight](https://news.google.com/rss/articles/CBMikgFBVV95cUxPNHdEQ1dOdUQ3azFXcGRGaWloY1JsQmNwYXN6eGoyZXc3WHpVNjgteFpSVTRORDBLVlV3RW5aU21qNjVkSF9BUnh2V0xKS0NZX2E3YjJVaTJUWHFHRG53T0REc2pmQ2lPbWN2UHFVeHNXT0xZTGdoQjBJZ0ZEb0ZhaGotRndKeEZYSmxzeExYall4UQ?oc=5) · CUInsight
- 2025-04-08 [America's Best Regional Banks and Credit Unions 2025 - Washington - Newsweek Rankings](https://news.google.com/rss/articles/CBMikgFBVV95cUxQQ2t1bEtIZVZ0MjQ3V3lITm9lYTdwMGZfOC1aTFIzQTlLQ3pHV19hTXhRWGtHbWpaR2dTVlNva1MyMmdtOFFIZ3RQNHROMGs3b0xvckYtSXBsMlJjeTVET1hCbzhGR0F3VnJQcXpodHlvRTZVSHNQT0hieXFibGVZSHdocDBGeWt2eElGdFVENFhhQQ?oc=5) · Newsweek Rankings
- 2025-01-15 [Red Canoe Credit Union announces upcoming retirement of CEO David Spaulding - CUInsight](https://news.google.com/rss/articles/CBMitwFBVV95cUxNSkFvbjE4RzR1ZThYRURUUHNEdE5mLVJZZkRDM2I1RWp2QWEtdnJSbHIzdFJLWUdGaVZ6cVBONEZzLWxnYUxrOXM0MHFCa0lzdHExQXhheXVnNGdralVjQjU4OGNnb1FnOFVSOUhfMFdmakRBOVRIMFEwUnpSaXJqUnJtcU55bUZnaGJEUDNLT053N3FVVm1hRnB1V0xSTUd0bXlPXzhlTjItLTBsZjJ6MzlRbEgzaGM?oc=5) · CUInsight
- 2026-06-01 [How to Support Longview After Deadly Plant Implosion - MyNorthwest.com](https://news.google.com/rss/articles/CBMiwgFBVV95cUxOaHJMZFBvR3N3UmM4UzlaVlo0ZFRLUTFBM3FlcEZEcXVBOWdrN1VCSEpiM3AzRFdQeTcxQTZjbmFmSTM4a0RSRXFmSnJ0NGR6SlJodFlsenRUaGdnSVdYWlNlVEhkb3BpM2lWSEhnTnoyWVVrM3ZlMnBQamFYTWdqcm5RNUtiWDV3X1ZKaXI2N19vS3g4SlN3T3RfY3RWRkI3M2hCMkdiS0pXSTk4b2dUUjdnZmdsTWRyMTNaMl82MGJlQQ?oc=5) · MyNorthwest.com
- 2026-05-30 [How to help Longview community after deadly paper mill implosion - The Seattle Times](https://news.google.com/rss/articles/CBMiqwFBVV95cUxNaHo3bWJyUVJwV0s1UmtYbHI3RWdtM1U1LXRnZGJTVkQ3ZDJmUjRwdWxFRFBqWDBkbXg1TVFnTHNRTjlVWEhJS3NRT3VaaTVmWmw0azRKTTdvZXR1cXNibXpUeVJBNlVNVVZ3RFlvTjN0NFA4LV8yQWw2NmgzZG1LOGJqX2NDRFBIOUNlaXBWUnVLcGNhaXFwenBRbm9VcDUtTHJ1VlIxSmhMV1U?oc=5) · The Seattle Times
- 2020-01-09 [Elly Award Winners Named - cutoday.info](https://news.google.com/rss/articles/CBMikgFBVV95cUxQbk55QTdQUWdfWW9DM0dBX2NlbW1FMnh5RC1HY0I1M216TmJSOFdDdENvcTFPaDltUDc4YVJhdFVFWUtYYnpjV2xNaENuRjFkRGFxdHFMQW1BbEF4NXNoemZjY3RXMGE2bThVLVNXX1FPSkVlWW1FZUs2LVFua2F3LTN5NXAxcGFLTVZ5NHBnNGp3Zw?oc=5) · cutoday.info
- 2024-06-11 [Lauri Grimes Obituary (1956 - 2024) - Longview, WA - The Daily News - legacy.com](https://news.google.com/rss/articles/CBMihgFBVV95cUxPc3gxeEptTENKeGZJYjQzRE9FR2pnd1NnTTZVcG5QckFMbVhuY193anotU2xXZ1VNb09adUozRHVDSnNQUDA0YUozUjl6SGdhZ0NKU2VxNl9aR21BUllMNjVaa09xUnRoUFNoUFVxUXFaZWI0VlhRR28taEpETjRSRGRQQTZyQQ?oc=5) · legacy.com

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=68196 (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/36.json (key "68196", 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=68196
- 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.

---
Rendered 2026-09-10 from the desks' own data files. Full guide: https://getbookiq.com/guide