# MILL TOWN
EVERETT, WA · NCUA charter 68222 · asset band $50-100M · latest filing 2026-03 · live
Share link (named URL with a preview card): https://getbookiq.com/cu/mill-town-68222

Who the members are: state charter, organized 1939, low-income designated. 3,509 members of 6,724,540 potential (0.1% of the field); checking penetration 25% (share draft accounts per 100 members); loans per 100 members 76.

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

## What the filing shows

| Measure | Value |
|---|---|
| Total assets | $59.5M |
| Members | 3,509 (0.7% YoY) |
| Full-time staff | 11 |
| Net worth | $13.4M |
| Net worth ratio | 22.5% (p96 of band) |
| ROA (annualized) | 1.26% (p77 of band) |
| Total delinquency | 2.61% (p97 of band) |
| Net charge-offs (annualized) | 2.21% (p97 of band) |
| Loans / shares | 102% (p99 of band) |
| Cash / assets | 19.7% |
| Borrowings / assets | 0.00% |
| Net interest margin | 5.06% (p96 of band) |
| Operating expense / assets | 3.53% (p49 of band) |
| Vehicles % of loans | 75% (p94 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 64% |
| Third-party paper % of net worth | 179% (p92 of band) |
| Vehicle delinquency | 3.09% (p95 of band) |
| Vehicle NCO | 3.18% (p97 of band) |
| Repossessed % of vehicle book | 0.81% (p98 of band) |
| Real estate % of loans | 20% |
| Credit cards % of loans | 2% |
| Unsecured % of loans | 3% |
| Commercial % of net worth | 0% |
| Core shares % of member funds | 71% |
| Certificates % of member funds | 29% |
| Average share balance | $11,136 |
| Participations bought / yr | $0 |
| Participations sold / yr | $0 |
| Participations outstanding | $1.5M |
| Loans outstanding per 100 members | 76% |
| Loans granted per 100 members, annualized | 4% |
| Average loan balance | $17,478 |
| Loans granted, annualized | $6.2M |

## Participation posture (from the same filings)

Bought $0 and sold $0 in the latest annualized quarter; $1.5M outstanding purchased (11.3% of net worth), $0 sold and retained. Sold in 0 and bought in 0 of the last 8 quarters. Shares -6.2% year over year.

## Flags firing in the latest filing

- **delinquency 2x band** (`aq_dq_high`)
- **charge-offs p90** (`aq_nco_high`)
- **repo signal** (`aq_repo`)
- **assets shrinking** (`shrink_assets`)
- **loans>95% of shares** (`str_ltos`)
- **3rd-party paper>100% NW** (`str_thirdparty`)
- **auto monoline** (`str_vehicle`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 1 | delinquency 2x band |  |
| 2016-06 | 1 |  |  |
| 2016-09 | 0 |  | delinquency 2x band |
| 2016-12 | 2 | net worth falling, 3rd-party paper>100% NW |  |
| 2017-03 | 2 |  |  |
| 2017-06 | 1 |  | net worth falling |
| 2017-09 | 2 | loans>95% of shares |  |
| 2017-12 | 2 | repo signal | loans>95% of shares |
| 2018-03 | 3 | net worth falling |  |
| 2018-06 | 4 | members leaving, loans>95% of shares | repo signal |
| 2018-09 | 3 |  | net worth falling |
| 2018-12 | 2 |  | loans>95% of shares |
| 2019-03 | 4 | delinquency rising, auto monoline |  |
| 2019-06 | 5 | assets shrinking, loans>95% of shares | members leaving |
| 2019-09 | 3 |  | delinquency rising, assets shrinking |
| 2019-12 | 3 |  |  |
| 2020-03 | 3 |  |  |
| 2020-06 | 3 |  |  |
| 2020-09 | 3 | net worth falling | loans>95% of shares |
| 2020-12 | 4 | delinquency rising |  |
| 2021-03 | 6 | margin squeeze, delinquency 2x band |  |
| 2021-06 | 8 | charge-offs p90, loan book shrinking |  |
| 2021-09 | 8 |  |  |
| 2021-12 | 6 |  | delinquency rising, loan book shrinking |
| 2022-03 | 6 | members leaving | net worth falling |
| 2022-06 | 6 | delinquency rising | margin squeeze |
| 2022-09 | 5 | loans>95% of shares | members leaving, delinquency rising |
| 2022-12 | 4 |  | delinquency 2x band |
| 2023-03 | 6 | net worth falling, delinquency 2x band |  |
| 2023-06 | 6 | repo signal | net worth falling |
| 2023-09 | 4 |  | delinquency 2x band, repo signal |
| 2023-12 | 7 | delinquency 2x band, delinquency rising, members leaving |  |
| 2024-03 | 6 | loan book shrinking | loans>95% of shares, members leaving |
| 2024-06 | 6 |  |  |
| 2024-09 | 8 | repo signal, assets shrinking |  |
| 2024-12 | 5 |  | delinquency rising, repo signal, assets shrinking |
| 2025-03 | 6 | assets shrinking, members leaving | loan book shrinking |
| 2025-06 | 7 | losing money, loans>95% of shares | members leaving |
| 2025-09 | 6 |  | assets shrinking |
| 2025-12 | 7 | repo signal |  |
| 2026-03 | 7 | assets shrinking | losing money |

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

- 2026-01-21 [The Best Savings Accounts in Washington for 2026 - moneyrates.com](https://news.google.com/rss/articles/CBMie0FVX3lxTFB6SjJ0c0FSM0J5Q3RJSHR4b0VKdmhHYTMwZlZHRURDSDVVMzRzcnNVbzFzM3FLRUpnQzhrbFJWWnM4OTVaaVd2YmpCU1NPd1dYNWt6TnhudnNySFlvRDl1ZGFSQWFha1J0VXBSUGllYVJmUEp0MGFLTE9ORQ?oc=5) · moneyrates.com
- 2026-05-31 [Longview, a town built on mill industry, caught between loss and fear - The Spokesman-Review](https://news.google.com/rss/articles/CBMingFBVV95cUxOZ1ZBbU9ETEJfVHllLWg0dUJfR0xpUEY4MF9HU0IxT2ZmZkttZDk4cWdPNkdTSTcxZ0E1UVJjUzQxNUYwaFlSRmgycUltbU5rdFZpT2t2X3U0ZU5QS1lzZXpxcEw2ZzhxZWZUUHRkaExyWm40S2tSTnNJX2JzOW91V25WcEpkZmtoMmlBYlVNLTJiR0xwS25hMEozUzZSZw?oc=5) · The Spokesman-Review
- 2025-10-03 [Union millworker takes on Longview mayor - NW Labor Press](https://news.google.com/rss/articles/CBMif0FVX3lxTE9Bb1I0VTh2Q3pfY29qemo1akdFMzJ0cmpwajFVZmROblNqaWhQSDF4czlSYlI4M3lvR2JLRVFyeVlKRzJaejFfZklPREtEVXQ0bFpIQVotX3RiaWxrdkVNa2VaTnpHNmxMWnZnUFR2NlZ0SXpxMEFTV1FHZVBMRXM?oc=5) · NW Labor Press
- 2022-06-12 [Gerald Wheeler Obituary (1943 - 2022) - Everett, WA - The Herald (Everett) - legacy.com](https://news.google.com/rss/articles/CBMikAFBVV95cUxQNzE2WjR6c0ExMlQ1amJOVUoxYzhKLXU1YmJ2Ni1rRWt2dWVhR01OZy10a21vQnp0UHpJOVczai00ZDhxbGlYRFhSTVdjNzg0YU5pZ2Q1Y296NlZiSGtHMmpJQ3paNlFQVlVsVlRvTU1oVlBqUk9aRlZkVW5VUkVad3pwbjZNN3FqaGxqYjRJRDI?oc=5) · legacy.com
- 2017-01-28 [John Winsor Obituary - Marysville, WA - Dignity Memorial](https://news.google.com/rss/articles/CBMiggFBVV95cUxNQUFQbnlUZVpRaEx6NE56blg4c2tWVk9wdFM0ZW1vS01fTTNRaFY0QS03ZG5tUDktOUV1bkVxbFB3bWtCV0dKUDJwMXltODY0N3c2c3NkcUZqTmFRalV4QnlfYjIzRVc1bnJ1S1dLMUNyZFBJU3g0YjdXMldsQm1wSG1B?oc=5) · Dignity Memorial
- 2024-10-03 [Fredericksburg region’s third Publix expected to open in December - Fredericksburg Free Press](https://news.google.com/rss/articles/CBMitwFBVV95cUxPbUZTZmhMRlZoUGZ5N1g2RnUxaUpONVZBRFMwS3FuelpfZHpmcWNBNi1HODV0NHp2MjhWRnRvTFlSa1dBaXNyTjA4aW9FQVNNSHR0VkFKM1dIbEFSLW5FOFAxcHNabUdza0p0YTkwT0VsWmJXU3p3UFIxdHJSZlRYNjkwei1qUTdIeUxMZWFkZ2t1Unp3NXZnWVN1aHFhWEtkcnk5YnNIWDB2VlVfTTV1MTVKM2t4WGM?oc=5) · Fredericksburg Free Press
- 2006-12-29 [A Piece of History Saved by a Flood - The Washington Post](https://news.google.com/rss/articles/CBMizwFBVV95cUxOdDQ2czNTR2pEWWlJM09NNUxqV0Zvc2s0QV8yZTRiYWs3akYzN0JrQmpjNUJmbUVTVWJ5c05WNjl6LU80RUZzWXJienROQWN0WXFHclAyZ01LT0dIQkVUZFl4UTI3RmY5RlgyX3lrNnVqU2NGMUduX2FEN1p6YTNNOFEtTl9US2Jja1RkSlV0dUhTc1JhQkE1VUJHTHlIbkcwZEdzVjdveE4zdEFmVnVEN3JTSUhvSXluOVBYSEk4MzdVWUpRQ1plX093OVYyeXc?oc=5) · The Washington Post
- 2021-12-06 [Jeffrey Carter Obituary (2008) - Everett, WA - The Herald (Everett) - legacy.com](https://news.google.com/rss/articles/CBMikAFBVV95cUxPb1YtenRLU2NkaVEwS0RfTmUxd2Nud0RpRjBhSmIyeWR5X0ZQOG1Id1QwTlI5akFuYkQ0RHBmMzgyUFhhSVl2VGRZRWsxN0NIWkFCN0oxaVhEdWdORVdzRmt3cjBMTFNoamJTSHA3dUV0V3Jqak9zYXlKSUI1QWJRWWd6WllUTUhXM0pQWDA5OUE?oc=5) · legacy.com

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=68222 (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 "68222", 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=68222
- 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