# GESA
RICHLAND, WA · NCUA charter 68278 · asset band $1-10B · latest filing 2026-03 · live
Share link (named URL with a preview card): https://getbookiq.com/cu/gesa-68278

Who the members are: state charter, organized 1953, low-income designated. 319,322 members of 12,537,655 potential (2.5% of the field); checking penetration 66% (share draft accounts per 100 members); loans per 100 members 56.

**Verdict on the desk:** this could be *indirect buyer*. Composite score 4 of 18 (one point per flag across 17 flags, capital below 7% counted twice).

## What the filing shows

| Measure | Value |
|---|---|
| Total assets | $6.72B |
| Members | 319,322 (8.7% YoY) |
| Full-time staff | 906 |
| Net worth | $626.2M |
| Net worth ratio | 9.3% (p18 of band) |
| ROA (annualized) | 0.87% (p64 of band) |
| Total delinquency | 0.69% (p58 of band) |
| Net charge-offs (annualized) | 0.58% (p58 of band) |
| Loans / shares | 94% (p77 of band) |
| Cash / assets | 10.7% |
| Borrowings / assets | 6.29% |
| Net interest margin | 3.37% (p54 of band) |
| Operating expense / assets | 3.04% (p40 of band) |
| Vehicles % of loans | 34% (p67 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 79% |
| Third-party paper % of net worth | 252% (p77 of band) |
| Vehicle delinquency | 0.34% (p22 of band) |
| Vehicle NCO | 1.16% (p60 of band) |
| Repossessed % of vehicle book | 0.13% (p67 of band) |
| Real estate % of loans | 34% |
| Credit cards % of loans | 4% |
| Unsecured % of loans | 5% |
| Commercial % of net worth | 213% |
| Core shares % of member funds | 59% |
| Certificates % of member funds | 29% |
| Average share balance | $9,106 |
| Participations bought / yr | $0 |
| Participations sold / yr | $126.5M |
| Participations outstanding | $122.6M |
| Loans outstanding per 100 members | 56% |
| Loans granted per 100 members, annualized | 16% |
| Average loan balance | $29,390 |
| Loans granted, annualized | $2.33B |

## Participation posture (from the same filings)

Bought $0 and sold $126.5M in the latest annualized quarter; $122.6M outstanding purchased (19.6% of net worth), $34.5M sold and retained. Sold in 8 and bought in 3 of the last 8 quarters. Shares 16.3% year over year.

## Flags firing in the latest filing

- **net worth falling** (`cap_falling`)
- **delinquency rising** (`aq_dq_rising`)
- **leaning on borrowings** (`str_borrowings`)
- **3rd-party paper>100% NW** (`str_thirdparty`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 2 | 3rd-party paper>100% NW, auto monoline |  |
| 2016-06 | 2 |  |  |
| 2016-09 | 3 | loans>95% of shares |  |
| 2016-12 | 4 | net worth falling |  |
| 2017-03 | 5 | delinquency rising |  |
| 2017-06 | 1 |  | auto monoline, loans>95% of shares, net worth falling, delinquency rising |
| 2017-09 | 2 | loans>95% of shares |  |
| 2017-12 | 2 |  |  |
| 2018-03 | 2 | net worth falling | loans>95% of shares |
| 2018-06 | 2 | loans>95% of shares | net worth falling |
| 2018-09 | 3 | leaning on borrowings |  |
| 2018-12 | 4 | net worth falling |  |
| 2019-03 | 3 | delinquency rising | loans>95% of shares, leaning on borrowings |
| 2019-06 | 4 | charge-offs p90, loans>95% of shares | net worth falling |
| 2019-09 | 1 |  | delinquency rising, charge-offs p90, loans>95% of shares |
| 2019-12 | 1 |  |  |
| 2020-03 | 1 |  |  |
| 2020-06 | 2 | net worth falling |  |
| 2020-09 | 2 |  |  |
| 2020-12 | 2 |  |  |
| 2021-03 | 4 | margin squeeze, delinquency 2x band |  |
| 2021-06 | 2 |  | net worth falling, margin squeeze |
| 2021-09 | 1 |  | delinquency 2x band |
| 2021-12 | 1 |  |  |
| 2022-03 | 1 |  |  |
| 2022-06 | 3 | thin capital, leaning on borrowings |  |
| 2022-09 | 5 | net worth falling, loans>95% of shares |  |
| 2022-12 | 4 |  | net worth falling |
| 2023-03 | 4 | delinquency rising | thin capital |
| 2023-06 | 3 |  | delinquency rising |
| 2023-09 | 3 |  |  |
| 2023-12 | 4 | delinquency rising |  |
| 2024-03 | 3 |  | delinquency rising |
| 2024-06 | 3 |  |  |
| 2024-09 | 3 |  |  |
| 2024-12 | 3 |  |  |
| 2025-03 | 3 | net worth falling | loans>95% of shares |
| 2025-06 | 3 |  |  |
| 2025-09 | 2 |  | net worth falling |
| 2025-12 | 2 |  |  |
| 2026-03 | 4 | net worth falling, delinquency rising |  |

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

- 2026-07-22 [Washington credit union to buy Oregon bank - Banking Dive](https://news.google.com/rss/articles/CBMinAFBVV95cUxNMGtTVWZSWUR5NU93WlN1Tm5SWWZVNlR4QWx4RUFLSFpBdm1Gb1dtc1VLNXEtV3JYQ25mZHgwY1lpOXB4RWI4ZmxybmFNQkxqTEc2MjcxcU9oYWIyREgybHRmVFBGNnpHSENjWHBJZjJJYUpZcEF2Q182bmpFQ1VGME5CVU1jV3YtMzVUbl9fT2docU5XV2JuTHZyaUc?oc=5) · Banking Dive
- 2026-08-14 [Gesa Credit Union awards $372,000 to local school districts - applevalleynewsnow.com](https://news.google.com/rss/articles/CBMi4gFBVV95cUxOMXoxRXYzV1N2NWdQV3RNRFVzMEFUbVlTdzlzNWw2NWtfaGJBZ3pVR1Fkd3NSU2Y3bV9sTzRkd3hoZkppR3dTQk9ZN01ReTNGUENOTmhwRFdOWm4wZjV1YU1xZTA3dG00bnlFU0lhNHJhSlIyYWpRaHFKX1FnRm9KZnBXSzQydXhvZXlRSFZWenV5cG1fX0cxUk5PbHpTNng1VXZ5aXJHbzU1VnR5QzBsT0hnb1pXWlZlNllQWjVQdEhpT05Zb2pHR1IxTTJ5VFhHZTlUQmk2bThhX1pxOER5U1BR?oc=5) · applevalleynewsnow.com
- 2026-07-22 [Gesa Credit Union expanding to Oregon with latest acquisition - The Business Journals](https://news.google.com/rss/articles/CBMipwFBVV95cUxOZklHYURGUXZWWFg4Qnh5TWJSaENyeXpUNmdpOV9qOV9oVmRGMllHLTZfbTFnS2N6Q3BkeFNDcDNaZERCdXpFcmZvN3pFdEs3UUlnMWpxdjB0NXRZQTNHaGlEVmlIV2hUR3RFUl9oTi1DM2J3anlEWjZCU1lOQk1LODBSRGstcUZEWUQ1TVV1OUtsNDNnWF9VeVRHWXo1el9ia2FoT2Nqdw?oc=5) · The Business Journals
- 2025-12-03 [Gesa Credit Union announces two vice president promotions - CUInsight](https://news.google.com/rss/articles/CBMinwFBVV95cUxOcU9ZV0tRUmFoUVA5T042VTVFMHpGUjhvbDhBYVpKZWFORmZONEdvaWtSX1lKckJPSFQ2NzV5MFdXQkpOc3FfQV9heDZIdzhPQ3pUUE94ajl1MjhsTFAwaXVaYnpKNDVJcXN6akdySkp5ejR6WWNiNUNUM0JLbzBRdWhXXzlYZzJmWGFPQU9mTmtJVU5MU3hsTjhkRVlkRnM?oc=5) · CUInsight
- 2026-07-24 [GESA Credit Union to Acquire an Oregon Community Bank in 2027 - NEWStalk 870](https://news.google.com/rss/articles/CBMiYEFVX3lxTFBocWtsVnJhWDJGUjJNWmpCZTRKSFdiNlA5TkUyQ3pFSzE3Y1p0WFJYRFdaX1h4eWtMWTdpd3pXa0daMGxwZGFjYjhqU2o1ZmJvUnBwZUNMMjM4NTNMekVmSw?oc=5) · NEWStalk 870
- 2026-03-04 [Gesa reopens Lynnwood High School credit union branch after closure for remodel - Lynnwood Times](https://news.google.com/rss/articles/CBMibkFVX3lxTE5XbFprZEZjam5RbDNqVGZ0V1EtLUJWdVFMYmQ2QktRRzZ1WWtwTm5zS19IUlVoTmpjRkVaZGdJYzZWTnZ0LWRSUjB5Yi1aanJQSEs2djBlREFXQVIzcXNWYkhLemNNU2tqNEFadFJR?oc=5) · Lynnwood Times
- 2026-07-22 [Washington credit union acquires Oregon bank - The Business Journals](https://news.google.com/rss/articles/CBMinwFBVV95cUxNSGhiek83clZ6eTFUVXBDNHZ2Zmc2YlV5Rkc3R25rYWRiUGZsVV82amZKd0x2TkNuUXFOLUFwVFdMbG9sRGl3SDF5UktMejBiOXZMQk5XR3BQbUpWd3VyYzdidXNmZC10NEt5UjZudERLMUJ0TnMzZ0Y5V3l6dnd0RDlyTzdSaE5iVFZvRmRrRmtRT1l2VUlEZjNzemx2Y00?oc=5) · The Business Journals
- 2026-01-27 [Gesa Credit Union partners with Selah School District to launch student-run high school credit union and new fundraising Affinity Debit Card - CUInsight](https://news.google.com/rss/articles/CBMijgJBVV95cUxOekxoMjlDWk1HTlhuTHVuYUJQcC1fWk85UUVhaWszeW9nMXdXZFlPQzlEWjBZRUJDMkhSQzdEUW5EQnhGMEdvMklraHJKOXIwZ2pJcUZrU0xJZDROWHZRVDM2aVY0dEs1Q0UyZ0hQc3JnNlVCSVRfN093dkx6YkEwS0NYTFVNUF9yNWcxYWs1RkdBQUVCa3YzZFo5UjlmNGxtcWhmM3M1QTNQU2hKSWdMOVNDcEc4SmNTUW9NMDlxcXFJTlZ2QllHUkVXaHh1bTVSSTAtejJOdjZJMWJmaTUyM21yRTBmdmVhazQxem9Uek1OQTNQa09mdENvSUpnbVJ0UTZBel9DUzVjWHlRZ3c?oc=5) · CUInsight

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=68278 (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/54.json (key "68278", 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=68278
- 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