# GENERATIONS
OLYMPIA, WA · NCUA charter 68220 · asset band <$50M · latest filing 2018-09 · stopped filing after 2018-09 (departed; for a credit union that is almost always a merger)
Share link (named URL with a preview card): https://getbookiq.com/cu/generations-68220

Who the members are: state charter, organized 1939. 5,215 members of 50,000 potential (10.4% of the field); checking penetration 35% (share draft accounts per 100 members); loans per 100 members 60.

**Verdict on the desk:** this could be *ordinary*. Composite score 1 of 18 (one point per flag across 17 flags, capital below 7% counted twice).

## What the filing shows

| Measure | Value |
|---|---|
| Total assets | $38.2M |
| Members | 5,215 (18.0% YoY) |
| Full-time staff | 10 |
| Net worth | $3.1M |
| Net worth ratio | 8.1% (p9 of band) |
| ROA (annualized) | 1.08% (p87 of band) |
| Total delinquency | 0.35% (p32 of band) |
| Net charge-offs (annualized) | 0.07% (p35 of band) |
| Loans / shares | 79% (p77 of band) |
| Cash / assets | 22.5% |
| Borrowings / assets | 0.00% |
| Net interest margin | 3.78% (p71 of band) |
| Operating expense / assets | 3.71% (p59 of band) |
| Vehicles % of loans | 9% (p7 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 11% |
| Third-party paper % of net worth | 8% (p91 of band) |
| Vehicle delinquency | 0.29% (p40 of band) |
| Vehicle NCO | 0.96% (p85 of band) |
| Repossessed % of vehicle book | 0.00% (p45 of band) |
| Real estate % of loans | 20% |
| Credit cards % of loans | 4% |
| Unsecured % of loans | 5% |
| Commercial % of net worth | 0% |
| Core shares % of member funds | 70% |
| Certificates % of member funds | 4% |
| Average share balance | $3,873 |
| Participations bought / yr | $0 |
| Participations sold / yr | $21.2M |
| Participations outstanding | – |
| Loans outstanding per 100 members | 60% |
| Loans granted per 100 members, annualized | 24% |
| Average loan balance | $8,377 |
| Loans granted, annualized | $26.0M |

## Flags firing in the latest filing

- **thin capital** (`cap_low`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 3 | thin capital, capital below 7% |  |
| 2016-06 | 3 |  |  |
| 2016-09 | 3 |  |  |
| 2016-12 | 4 | net worth falling |  |
| 2017-03 | 1 |  | capital below 7%, net worth falling |
| 2017-06 | 2 | repo signal |  |
| 2017-09 | 2 |  |  |
| 2017-12 | 3 | loans>95% of shares |  |
| 2018-03 | 2 |  | repo signal |
| 2018-06 | 3 | net worth falling |  |
| 2018-09 | 1 |  | loans>95% of shares, net worth falling |

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

- 2026-08-05 [Harborstone Credit Union cuts ribbon on Lynnwood branch, celebrates with $1,500 donation to Boys and Girls Club - Lynnwood Times](https://news.google.com/rss/articles/CBMie0FVX3lxTE16UEt5VElVZmdLYUhzd3F0ZVh0emI3NHRIRk9VVDM3NTdFMTd1Y2E0QWMxYU9wM0ZMdzBlNFN2bnZvc2IzNGtteVRhZlNidkZDZldVVVNJZ3UwZDFmb3FkeGhXUzA1SGVKMDZKRFh0NXhDWVBmMjNWZzYxdw?oc=5) · Lynnwood Times
- 2026-07-17 [PAHO/WHO FCU To Rebrand As Bienestar Federal Credit Union - cutoday.info](https://news.google.com/rss/articles/CBMimgFBVV95cUxOMldQaEFDejFfTTNzR2p3R1FqTkRZZ2twSGtiSGY3UTVxOHp5UjdtVFVTNnB0Q3dJVWlMeVJTZWptNWtheGFjN1FHaDBoQVgtOFAxckVUSjNXVzYwZHJKMGVLdGRLRGY3VHFGWHk0OUVzbXQ1cmlobW5VeFJ6TzVOT2tTV1poRUk2VURzU2lobVFZbF8zcy00UDhB?oc=5) · cutoday.info
- 2025-10-01 [Harborstone Credit Union completes merger of Community 1st Credit Union - CUInsight](https://news.google.com/rss/articles/CBMisgFBVV95cUxNXzVlWlFOMVZlbXlEdjdSUllzVnZIQUJVSHVFY0IzblpFNER2MzlLTVlkeDN4M0ZEbWtPUkJCcmlYczE5am5tc3lGQm0zOGxUbkx5cWhBcGt6bEpLc3RidTJrYjZPMmMxRFd5ZWRUVFJCdUcyNDlOWUtFWURaY2JLTUZ3SFpmaU5Jdzd0aVo1dEJEckFnc0xwTkJrX29lWDg0c3hVdjNBTTJrZms4WldNc3Rn?oc=5) · CUInsight
- 2025-10-11 [ESL Federal Credit Union to consolidate Generations Bank locations in Auburn - auburnpub.com](https://news.google.com/rss/articles/CBMilgFBVV95cUxQY2xLVEdBS3hfWnpmUjRnQWdkYXptSGVwcDJCdmNPZzFRN3ZoWHExMDBKQVk0aEp1M3hOWHpsM3ZYTVZQNXNrbTlVOHgxaDRtRjI3WGdROTl5aGl6UzVmVW05SS1tdDFKOVc0aHdiaGF3Yk9aQ1VSbm5GaUJRTHJUNld3UjBRQVVSOG5tcS1hRTVCdkc5aWc?oc=5) · auburnpub.com
- 2026-02-17 [Yellowcard unites three generations of rock with The Up Up Down Down Tour - MELODIC Magazine](https://news.google.com/rss/articles/CBMiqgFBVV95cUxNUVl0RTFfX3ozMHl1T2dhelJSSUZpMEk2VDBQcmplTXNfVjN5SGRvMXl6d3BORnYtSE5ZbGZZbVdzNGtIb3ZuTmJadEZkemdSOWpTaGZEY3E3Y0N0dTZrUVdzUWFuZ0h6Z0pXQnZYbk04VjM0czN1M0F4dmdxT0lDRjQwZndIVFhJTldNdGFVenJmOHBUWGJ0cThraFhGcko3bG1GZExEdlR3UQ?oc=5) · MELODIC Magazine
- 2026-07-08 [Mary Louise Robertson Obituary (2026) - Rockford, IL - Carl E. Ponds Funeral Home, Inc. - Legacy obituary](https://news.google.com/rss/articles/CBMigwFBVV95cUxOTFlQZ3Rlak1RcDFLREVER0hSSjk5a1pBN2lYdmRtQXhGMzJLYUkxbFZWd3V3bkJFVk1la2RHZVJBQTZHR2NTZkJTNDNQVlhEQ1pLYm9mZDN1V3p6MEp2N1VvRG5ZdGVoSmRBSjRNNXpJLUxqN0pSN1FwODR5QldUaUd3WQ?oc=5) · Legacy obituary
- 2025-01-02 [How many credit unions acquired banks in 2024? An industry M&A analysis | Credit Union Journal - American Banker](https://news.google.com/rss/articles/CBMiuwFBVV95cUxQRXVobmhmLTlwUVhUSGhzUFNydE44NGZZekt6VlJsa0E0a2cxOV9fTEgwa2tHV0dpTXIxSEI2NUxQTERjeDNLSUlfWkJ4QXdzQzJ4QU9fN2RSUjVpTmJGQmJQSmxJd3NXQ04zSXJWMDU0cC1VenNxcXM4Y3hGXzUwUTAzYzZzeGtzeWU0X2RKN1RVWjhCaUg2QVl4U0xOV01vcUVrOTR1dHFYbTFiMmR0QWtkSzI2TzlLYzJn?oc=5) · American Banker
- 2024-08-27 [Washington Commanders and Northwest Federal Credit Union Announce Stadium Naming-Rights Deal - Washington Commanders](https://news.google.com/rss/articles/CBMiwgFBVV95cUxQQ0RHekZBcm01VU1ObjZpc3QxZ19oX0VTRUtyZ3RtSXVaa0VtclRvTndCbzBFZHQ0TzEtWVQ4T0RuTGprMU50VEFUQjJEZFFfNTB2Z2dNeDV2R01pX081a3Y5RW5yajMyQVdMR0l0T1hsb1FmNTV0bWxWUjdGTGVfRk5lR0hUUEwwX1AzczdvdENRRUpUazhKdkMzME5NZWduNFpHUkt2ZmxzTkRBR1NuV1d0aGo3OGVLVkNoYkp2WW9hUQ?oc=5) · Washington Commanders

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=68220 (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/60.json (key "68220", 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=68220
- 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