# SEATTLE METROPOLITAN
Seattle, WA · NCUA charter 68315 · asset band $1-10B · latest filing 2026-03 · live
Share link (named URL with a preview card): https://getbookiq.com/cu/seattle-metropolitan-68315

Who the members are: state charter, organized 1933, low-income designated. 47,393 members of 8,001,020 potential (0.6% of the field); checking penetration 70% (share draft accounts per 100 members); loans per 100 members 57.

**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 | $1.14B |
| Members | 47,393 (-14.1% YoY) |
| Full-time staff | 181 |
| Net worth | $133.4M |
| Net worth ratio | 11.7% (p68 of band) |
| ROA (annualized) | -0.32% (p1 of band) |
| Total delinquency | 0.67% (p55 of band) |
| Net charge-offs (annualized) | 1.25% (p94 of band) |
| Loans / shares | 106% (p97 of band) |
| Cash / assets | 6.2% |
| Borrowings / assets | 11.69% |
| Net interest margin | 4.08% (p92 of band) |
| Operating expense / assets | 4.11% (p89 of band) |
| Vehicles % of loans | 12% (p16 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 51% |
| Third-party paper % of net worth | 58% (p26 of band) |
| Vehicle delinquency | 1.44% (p90 of band) |
| Vehicle NCO | 6.16% (p99 of band) |
| Repossessed % of vehicle book | 0.73% (p98 of band) |
| Real estate % of loans | 38% |
| Credit cards % of loans | 3% |
| Unsecured % of loans | 10% |
| Commercial % of net worth | 238% |
| Core shares % of member funds | 53% |
| Certificates % of member funds | 21% |
| Average share balance | $9,728 |
| Participations bought / yr | $1.5M |
| Participations sold / yr | $0 |
| Participations outstanding | $120.3M |
| Loans outstanding per 100 members | 57% |
| Loans granted per 100 members, annualized | 8% |
| Average loan balance | $35,681 |
| Loans granted, annualized | $267.4M |

## Participation posture (from the same filings)

Bought $1.5M and sold $0 in the latest annualized quarter; $120.3M outstanding purchased (90.2% of net worth), $29.4M sold and retained. Sold in 0 and bought in 3 of the last 8 quarters. Shares 3.3% year over year.

## Flags firing in the latest filing

- **net worth falling** (`cap_falling`)
- **losing money** (`earn_negative`)
- **charge-offs p90** (`aq_nco_high`)
- **repo signal** (`aq_repo`)
- **members leaving** (`shrink_members`)
- **loans>95% of shares** (`str_ltos`)
- **leaning on borrowings** (`str_borrowings`)

## Warning timeline

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

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

- 2017-09-18 [One of Seattle's oldest credit unions has a new name - The Business Journals](https://news.google.com/rss/articles/CBMipAFBVV95cUxNajVkYTRDblJ6Skp2R3poeE1pYXZyX0ozR2Mzd1hMUUU2WXZ6OXlnQ0E5QWNRQkVjbGttYWMtZjJlanR2OFdsTmtWWThvdmw0ZURUaW5aWFVfR0k4VUtKTGh1a19fTmw3SFR1UVlocUE1d2lqaXFNY1R1VUhjWVNpMTVQekpNd0N1VHlyUGhwV04xMkdFMjBhSFZsQjNKLUFxQ0dNXw?oc=5) · The Business Journals
- 2017-09-19 [Seattle Credit Union drops Metropolitan from name - American Banker](https://news.google.com/rss/articles/CBMinwFBVV95cUxNVTRnVEkwMTFlRHlUcy1wemdHQTI2QTBLWTBoUDlkRm5QcU1zSUZWTmFEMXMzUktUZEMxaGlmZk56Nk92OERvM2NXbXZsMzNnczJqUTBKaHVlUGtiUUR6a3FZdFpuRGxydmFYSGFNZ1JzM20ydnktck1yMFl5YUw0ZWFTQUp0Q0JfTGFKdk1Zc3FMeUhDZzJQT3hOUzgxWXM?oc=5) · American Banker
- 2026-05-29 [NCUA Bans Five People From Credit Unions - cutoday.info](https://news.google.com/rss/articles/CBMihAFBVV95cUxNUzJZSk9OSGpqbUhjMlVOaWdJWUJkcG9pZTFjTVhZZjEzQjl3dF91QU5LRHU1LTNyTFFSZkVNNUdZUkZBNllwR1NhQmF3WVUyYmpkdFRGVFhBX0NlTl96c3d3TkM4TkNuMGJFWS15d3NuUHB5SWhOU09tU3FVVGs2V19pYUo?oc=5) · cutoday.info
- 2006-09-27 [USDOJ: US Attorney's Office - WAW - Department of Justice (.gov)](https://news.google.com/rss/articles/CBMigwFBVV95cUxQeVB1TDNhTXVkV2Nfb2ZGMElxWklZQ05jRTBNNmhMeUVlNGZYemxWV2xMUnFBRjdwZlF4THRzSTZaYWVGU1VBLW9lcGtkNFVhcW9EbjA3QjM3M0Q5LUlYcmVFZDE1azJXTWV1ZnFHOWFTTlk3bURRaTJaN3ZrNy1PR0c4VQ?oc=5) · Department of Justice (.gov)
- 2017-07-21 [Why a Seattle credit union rebranded to serve low-income, immigrant residents - The Business Journals](https://news.google.com/rss/articles/CBMiqAFBVV95cUxNRUZqRnZFanFDbHBSQjRITUpGeVJNZjdTcFJ0YWZfWlFhSzhNNkZFRmRBaU1XcEpnT2VCTFFYV3RQUVZaX05vallFeW5JWmRfNGRpaEVxMlJDVm5zMm5heWZ0bXFOUlJnU1NJUl8tZTJ2LVk1blpoQ1RobTNmX3IyVVQ0cENaNTNhclR2Zkt3a0wxRGtieU4wdnpJVmprX3B3Wnpvd2xUajU?oc=5) · The Business Journals
- 2021-07-09 [Solynn McCurdy Joins Symetra As Senior Vice President, Chief Diversity, Equity & Inclusion Officer - seattlemedium.com](https://news.google.com/rss/articles/CBMivgFBVV95cUxOdlhLOUxYVzhJTVprN1pGWF9OV0tXSFliMW5PSkZPMXpxTi1jT3hsZlVvcGVvcTA2RlFlMmZlOUlwWll6MTBGNXpNMWdjS2pRa0NHS3BRRThQdklJcTRRQlhVemhzV0h6LWNJRDRNT1NNRlpzQmpiQ3dodzY2YzgtY1BkdUVsMHM4WVg1NmhxSml6U3VJb1NnWFhjZ3BiVXU2R2o3NFh0UDQzUlVsN1ZnTzdDTWxNTnVPcDNKRTRR?oc=5) · seattlemedium.com
- 2016-08-13 [List of banks that support Apple Pay in the United States - 9to5Mac](https://news.google.com/rss/articles/CBMie0FVX3lxTE15UkVmX3k3aURqZXBKcFZCVTJuMEEzWTlLUEpQRDdTR25DQ2lPVXZGeEYycEVZcXl5RThsdlg3aUV6WHZFdWIzWDBUR2ZsT2FUcG1JWU5mbzJ3bVRUT0NjaEFFQXJaV0o1RklzdW03bzN2MXJoV3B1aFhEWQ?oc=5) · 9to5Mac
- 2015-11-10 [Seattle’s Balkan folk rockstars celebrate ten years - The Seattle Globalist](https://news.google.com/rss/articles/CBMilwFBVV95cUxPY1JfRjF2STVFLTlmekZERWVzT21ISWNFVVpDUHplT1VId1dKd2U1ZHh3T19VXzNPX18zbG9lMjI2RGdySWdCeERJNlIxR1Z6S2tyOHZsWDNBRWNsazY0TjhHT2M5eGhhQ2ZRR2FyUFhoZDVnbDZLamlFUGJXT2hDMmwyTmppZFlEcnFobUNYRWczZF9DZjNZ?oc=5) · The Seattle Globalist

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=68315 (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/27.json (key "68315", 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=68315
- 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