# PEAK
OLYMPIA, WA · NCUA charter 68271 · asset band $1-10B · latest filing 2026-03 · live
Share link (named URL with a preview card): https://getbookiq.com/cu/peak-68271

Who the members are: state charter, organized 1938, low-income designated. 267,669 members of 12,230,551 potential (2.2% of the field); checking penetration 65% (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 | $4.27B |
| Members | 267,669 (2.2% YoY) |
| Full-time staff | 712 |
| Net worth | $474.8M |
| Net worth ratio | 11.1% (p59 of band) |
| ROA (annualized) | 0.03% (p4 of band) |
| Total delinquency | 1.21% (p88 of band) |
| Net charge-offs (annualized) | 1.47% (p96 of band) |
| Loans / shares | 92% (p67 of band) |
| Cash / assets | 5.6% |
| Borrowings / assets | 1.29% |
| Net interest margin | 4.37% (p96 of band) |
| Operating expense / assets | 4.07% (p88 of band) |
| Vehicles % of loans | 28% (p54 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 82% |
| Third-party paper % of net worth | 332% (p88 of band) |
| Vehicle delinquency | 0.90% (p73 of band) |
| Vehicle NCO | 2.54% (p92 of band) |
| Repossessed % of vehicle book | 0.23% (p86 of band) |
| Real estate % of loans | 27% |
| Credit cards % of loans | 6% |
| Unsecured % of loans | 9% |
| Commercial % of net worth | 100% |
| Core shares % of member funds | 56% |
| Certificates % of member funds | 27% |
| Average share balance | $6,890 |
| Participations bought / yr | $0 |
| Participations sold / yr | $0 |
| Participations outstanding | $55.6M |
| Loans outstanding per 100 members | 57% |
| Loans granted per 100 members, annualized | 59% |
| Average loan balance | $22,583 |
| Loans granted, annualized | $1.02B |

## Participation posture (from the same filings)

Bought $0 and sold $0 in the latest annualized quarter; $55.6M outstanding purchased (11.7% of net worth), $23.0M sold and retained. Sold in 0 and bought in 0 of the last 8 quarters. Shares 2.5% year over year.

## Flags firing in the latest filing

- **delinquency rising** (`aq_dq_rising`)
- **charge-offs p90** (`aq_nco_high`)
- **3rd-party paper>100% NW** (`str_thirdparty`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 2 | expense trap, 3rd-party paper>100% NW |  |
| 2016-06 | 3 | charge-offs p90 |  |
| 2016-09 | 3 |  |  |
| 2016-12 | 3 | net worth falling | charge-offs p90 |
| 2017-03 | 3 |  |  |
| 2017-06 | 2 |  | net worth falling |
| 2017-09 | 2 |  |  |
| 2017-12 | 2 |  |  |
| 2018-03 | 2 |  |  |
| 2018-06 | 2 |  |  |
| 2018-09 | 3 | loans>95% of shares |  |
| 2018-12 | 2 |  | loans>95% of shares |
| 2019-03 | 3 | charge-offs p90 |  |
| 2019-06 | 3 |  |  |
| 2019-09 | 3 |  |  |
| 2019-12 | 3 |  |  |
| 2020-03 | 3 |  |  |
| 2020-06 | 4 | net worth falling, margin squeeze | charge-offs p90 |
| 2020-09 | 4 |  |  |
| 2020-12 | 4 |  |  |
| 2021-03 | 4 |  |  |
| 2021-06 | 2 |  | net worth falling, margin squeeze |
| 2021-09 | 2 |  |  |
| 2021-12 | 3 | thin capital, net worth falling | expense trap |
| 2022-03 | 2 | charge-offs p90 | thin capital, net worth falling |
| 2022-06 | 3 | delinquency rising |  |
| 2022-09 | 3 |  |  |
| 2022-12 | 2 |  | delinquency rising |
| 2023-03 | 3 | leaning on borrowings |  |
| 2023-06 | 3 | margin squeeze | charge-offs p90 |
| 2023-09 | 2 |  | margin squeeze |
| 2023-12 | 2 |  |  |
| 2024-03 | 2 |  |  |
| 2024-06 | 3 | expense trap |  |
| 2024-09 | 2 |  | leaning on borrowings |
| 2024-12 | 2 |  |  |
| 2025-03 | 4 | net worth falling, members leaving |  |
| 2025-06 | 2 |  | net worth falling, members leaving |
| 2025-09 | 4 | loans>95% of shares, leaning on borrowings |  |
| 2025-12 | 2 |  | loans>95% of shares, leaning on borrowings |
| 2026-03 | 3 | delinquency rising, charge-offs p90 | expense trap |

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

- 2026-05-28 [Peak Credit Union® selects Brant Spangler as Senior Vice President, Consumer Lending - CUInsight](https://news.google.com/rss/articles/CBMiwAFBVV95cUxORjRLcFF5eDBVWGt5aDBZVlpyOXNOcGpNai1ZNTF3bmo1REZkSGVZWDNZQmJsZ19CWnZZTjdWRTYwQ3MyY3dabElEc0Nmc0Q3TElhemdTRDZ0eUtneXRfanRCeTdLYjhjSVNac3g3NlVoNHRBeVozaWdZd2k1OWlDdGlOZklscmdieWZuM0xGZW92WmpXNjlYWXQxak11cWZTbEFHZDhtRk1SX0VCRThldmlvdnM0ZXV2RHFydG9IUHI?oc=5) · CUInsight
- 2026-09-06 [137383 IDSPub#0315103 TS#WA-26-1036566-BB NOTICE OF TRUSTEE'S SALE Pursuant to the Revised Code of Washington 61.24, et seq.108 1st Ave South, Suite 450 Seattle, WA 98104 Trustee Sale No.: WA-26-1036566-BB Title Order No.: 260081928- - Nisqually Valley News](https://news.google.com/rss/articles/CBMi6AFBVV95cUxOX3RPSXM2NEF1R1RMQTg3b2VURWZkT3RQY0V4ajktMUMxOVJOUFN1bzl6bFpxZVJadlhZcTdHb3FjNzF5YW52X0RVY0ttRnhwZkg0R0lUdGZKSHdpbjM2OEJQaFhDVWVHQmtlemFpSm9SVWk3cVJENmhVV0lhTXZSNW00RkNlXzRkYmhlb1lCemdxb2xjVHRkQWM3SEIxOFZsOHZxNWd0MGJaZVpveS0zS2xBVWNDcDhmS3BzaVpRT09xMFp3TTdYVjA0WFFidGZHXzdORHFuWXpsejI0TXhuak83cWYtLXZU?oc=5) · Nisqually Valley News
- 2026-04-01 [Thurston County credit union confirms job cuts. Here’s what we know - The Olympian](https://news.google.com/rss/articles/CBMibEFVX3lxTE5PNmZfUlh6cmlrM3NTTEVRRFh3aDNLRzNPdzZIZlhueWVKWDZadDJCX2UyNWZMQXUxN211WnR3VUVDUHdzUy1RVlY0MFBGbmx5QV9QbnJTTGxuT1UtM3lMVFVLVlQ4UGpUazZhY9IBbEFVX3lxTE5fRkc3MERPRFpDcEpQSEZZVVJWYUYzcmxLQk4yMUttUUFkTmE5S3p2ZEF2UnRmNVJxN0plWjNSaE1QMmtEYkNsRHd1QmprYnY3bDI0aFM4U0tyWGhvXzBSekZpd1RDMkRITlBmVw?oc=5) · The Olympian
- 2026-09-01 [Peak Credit Union Launches $500,000 Donation Match Challenge to Help Build Regional Pickleball Complex at Lane Community College - goSkagit](https://news.google.com/rss/articles/CBMihwJBVV95cUxNeV9xR1hvcE9tbzF3Vl9PMUNLRUJhSUpQZ09lSHBPR2NiOTZwV1ZiSnNmNWtXVjNRR2g4ODN0S1ZVMGwyay01bWxUVDREdnFxY1p1eXFkZXpyM29oU2ZOQmdHYVItbHBvNF9VREZNX1BNNUFQc19jUU5ibklsNUVURnhROEh2dU1rOVUtdDlOc2FWUjA5M0VWWFlaTk9OSmZCLVZKVi01MkU3S0R3anR2dV9UVF9nR1ZhYzVsZk1VNVhXREZpWDlQX3ZpNFRWcWREZ01VZXVldk44NEdVMnJ2MXBMV25UWkdySXRyYkxnazg3VlJwWlozLWxheUozWGEzUEVranNYaw?oc=5) · goSkagit
- 2026-02-18 [TwinStar Community Foundation renames to expand impact across Washington, Oregon - The Daily Chronicle](https://news.google.com/rss/articles/CBMivAFBVV95cUxQd3M2cFE3Uk1sdDZ1V0tPZGFybWFENUF5V2hDMS1BbWJiQ3JtQmFlRjFwTlRvMmJtbGtMMlJlNktsT3hvaGJXamt6QjNDVzVCMjF2SEVaNTliZGk1cDFkUmUwSjRDTFliZTJzMVFEMHBTNVBMbVgyaEdSd1ktQTdQWmdnOUJzNF9JTlI2ci1BYXVoNGprR1FDcC0xZ2xZdDcwX09rZHdBUmZvWVdlTTdIVnhYYWtnNTR3aDVrMg?oc=5) · The Daily Chronicle
- 2026-03-17 [2026 Relay For Life of Thurston County presented by Peak Credit Union - ThurstonTalk](https://news.google.com/rss/articles/CBMiqAFBVV95cUxNeTFUSDRDQXBpZnVYbk92WkJlVlE4UExEWHI5TE9KZk5NdmN1RVFiSlJxVWtOMVNNQ2RCSUpGRUFoaVRxZ3dYaFZSZGk4SkVacTNaYW5nOWQyXy11c0hrOUVoSHJ3NEk0QjNSQ2JQMmlINFlRQVpLZzlZV3NoSERCTnBDT2NxRFZjOUs2dklDU0tvOFBtSnBYLTVhRkxDOEhGYlhROXVIVks?oc=5) · ThurstonTalk
- 2025-12-01 [Peak Credit Union selects Michelle Anderson as Chief Growth Officer - CUInsight](https://news.google.com/rss/articles/CBMirAFBVV95cUxNQUxIdWVqZGsxX1NEbXQtYUpjUGt0YzJkN011YXZYTzVhZi0wa0NMSzJ6X0Nid1F3V3hPaV9rb2hyZ0NEOWw2RnBwNjBKZ1NhZU9UWUNLaTgyZGx2LVEzbEt4LVFfT0Q2YXpzNjA5LUZoM3gzcnA5dnA5c2MwZXVjQzJsWGtZZk5JRTZzRVNsN2g0WFhERUtRLV92WHVRaEpFb1o1a2RVcmJWN3B3?oc=5) · CUInsight
- 2026-01-05 [NCUA Bans Former CEO, Operations Manager and Senior Specialist - CUTimes](https://news.google.com/rss/articles/CBMingFBVV95cUxPejdackRWWF9kVGRYck8zSGVHLWhFOHdmUE0zWWR4OWFCUkV0cmVERHNoYVd2bE1kZ3daTkJOcFFpMEJza2ljMlpDY1Raa0hYbVZ3eE5OVmZfMzktcXl0S3Y0Z3NDOGVsWjNLdXg5Z0FTd1J1OEVQdXdtU29TTUcycXhWQkpISjRHM0FXamY5NEMycWpPSUJtaFl0Q00tUQ?oc=5) · CUTimes

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=68271 (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/47.json (key "68271", 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=68271
- 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