# CREDIT UNION WEST
Glendale, AZ · NCUA charter 68421 · asset band $1-10B · latest filing 2026-03 · live
Share link (named URL with a preview card): https://getbookiq.com/cu/credit-union-west-68421

Who the members are: state charter, organized 1951, low-income designated. 97,148 members of 7,623,818 potential (1.3% of the field); checking penetration 42% (share draft accounts per 100 members); loans per 100 members 57.

**Verdict on the desk:** this could be *indirect buyer*. Composite score 2 of 18 (one point per flag across 17 flags, capital below 7% counted twice).

## What the filing shows

| Measure | Value |
|---|---|
| Total assets | $1.45B |
| Members | 97,148 (4.5% YoY) |
| Full-time staff | 242 |
| Net worth | $149.9M |
| Net worth ratio | 10.3% (p40 of band) |
| ROA (annualized) | 0.42% (p24 of band) |
| Total delinquency | 0.38% (p25 of band) |
| Net charge-offs (annualized) | 0.98% (p84 of band) |
| Loans / shares | 90% (p62 of band) |
| Cash / assets | 6.5% |
| Borrowings / assets | 0.00% |
| Net interest margin | 4.10% (p93 of band) |
| Operating expense / assets | 4.07% (p88 of band) |
| Vehicles % of loans | 46% (p86 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 74% |
| Third-party paper % of net worth | 334% (p89 of band) |
| Vehicle delinquency | 0.35% (p23 of band) |
| Vehicle NCO | 0.86% (p42 of band) |
| Repossessed % of vehicle book | 0.27% (p89 of band) |
| Real estate % of loans | 30% |
| Credit cards % of loans | 4% |
| Unsecured % of loans | 13% |
| Commercial % of net worth | 1% |
| Core shares % of member funds | 35% |
| Certificates % of member funds | 35% |
| Average share balance | $7,678 |
| Participations bought / yr | $93.4M |
| Participations sold / yr | $0 |
| Participations outstanding | $67.4M |
| Loans outstanding per 100 members | 57% |
| Loans granted per 100 members, annualized | 15% |
| Average loan balance | $20,758 |
| Loans granted, annualized | $441.3M |

## Participation posture (from the same filings)

Bought $93.4M and sold $0 in the latest annualized quarter; $67.4M outstanding purchased (45.0% of net worth), $910,524 sold and retained. Sold in 0 and bought in 5 of the last 8 quarters. Shares 9.3% year over year.

## Flags firing in the latest filing

- **net worth falling** (`cap_falling`)
- **3rd-party paper>100% NW** (`str_thirdparty`)

## Warning timeline

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

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

- 2026-01-08 [Credit Union West becomes the Official Credit Union of Desert Diamond Arena and Westgate Entertainment District - CUInsight](https://news.google.com/rss/articles/CBMi5wFBVV95cUxNY1hUUV9LeHhIS1dYb0xiZDUwbEVOaHpaQjFaMnBuZlp1dnc1MkNPT000bm0xQmM4bHN4R0RRWFVSelVCdTJvWlpsckNSbVZxVko3a3pKSzFFWDJfajRiUEVxN3RIQ1B1Y1BqZXM1UjhkX21tS1N5bEMtdzhsTFZWczBSUVRxSjRnRXpEYV90MkpraFRxeTA4MjBKeF9BekJjQzBzWTRGSDQ4VDdjRFJBVG1lb1B2YW9XQjZfcFZEbjI2T1p3Q3hpRUNRWHRBSW9PQUxuellJMG1tVlNjWHo5U0cxUmFjWVU?oc=5) · CUInsight
- 2026-08-07 [Vantage West Credit Union Number of Employees 2026 | Employee Count & Headcount Data - reveliolabs.com](https://news.google.com/rss/articles/CBMifkFVX3lxTE1ncE93NG02MHJMaklxWHdpWGxYdDBBcVFrQjJkcWR6SWlFM3laRVRMWjZ4X2xlY2RISFFBa0VQemRLbVNNVF93Nk1IeE5uWEQ5eklGV0xSMVVfN1RPYVJuTklOU09MSjlBV05MMEtLQW5SaEhNM1VUd0xFU0tBdw?oc=5) · reveliolabs.com
- 2026-08-03 [Utah credit union adds West Valley branch, more in the works - The Business Journals](https://news.google.com/rss/articles/CBMioAFBVV95cUxPRF85aWgydWlQS3FEMWdXY0ZsSFAzZm1lNk9yZlNlT0dEcjVFR2NfNXRzNGFUYURRVXFJSTNmQ04zNE5DWVZ4bFlRY3RQZE9scGpVYmVOM3Jld0V5NVNJak5sQnMyeXhwV3Y0WGVGbG1wbFBYUF9hU3RCYWdpRll1bDNTQjF4NjROV0RBdkN3VkF2LWIzc1VFeTZNazdhOV9W?oc=5) · The Business Journals
- 2026-03-20 [Ranking Arizona: Top 10 credit unions for 2026 - AZ Big Media](https://news.google.com/rss/articles/CBMioAFBVV95cUxOeWFjalFNMzJPeGs5WjNUenAwX2tCX1h6WmJLSUhyOEZiX0hGLXRNVUZVazhrLWctOUE0enh4OEJ3a1dMUkdJU1hHU0pTNHVqSEVScmMwbk1kWWlQWEIxbU9YNXJaZmNxc2dsdGdNXzFJWWI5MzVKa0VEWDJZMDJDc0ZvaE03X19ZZE5kWUhFS3hEY0E2ZnpxajZ1Y1R5REts?oc=5) · AZ Big Media
- 2025-10-10 [Q&A: Jennifer Robinson on Rural Credit Unions - The Daily Yonder](https://news.google.com/rss/articles/CBMihgFBVV95cUxNeUxCNFc4TEhaUDlEVENRTURZcXVCMkNSUEExYnktU3M5WHhaUXhYMGJkQV9JWUZuNGR2WGJMX3l1ZW1PRGlwQnhJdDBDdHFYdTRpSXlHa21UY0RVb0FrMHZsZklvR2pOUXpRMFFxWDN3YW43S0hkd2ExcWxXVXBUTllWZGltdw?oc=5) · The Daily Yonder
- 2026-02-10 [Credit Union West appoints Sonya Watkins to Board of Directors - CUInsight](https://news.google.com/rss/articles/CBMipgFBVV95cUxOaDV2UmtZeEE5YUlnVkFNQnhaV2tOT2ZWWTIzVDdaMFZNLW1jXzNFUEVYRlBDZmpYLV8zWDBveHVBNjhRcTVRZVJIdzZ1WnFhZ3NqUXB4Wno5VHpPdnQ1cWZoWVZEcmVUTnNFVW9uXzBRQU15Rllpa3JEekhaSkxWcHFLRHZGb0JpX254aG1ia1o0V2puV25QeF9maU4zUjhVaVhZSDJn?oc=5) · CUInsight
- 2025-12-10 [What's coming to 83rd Avenue and Camelback Road in Glendale? - azcentral.com and The Arizona Republic](https://news.google.com/rss/articles/CBMi3gFBVV95cUxPU2Q1bXZ4LWE3d19naDJrRXhQOGhBU3RHMVlBZlB0U2xiWG1tUEJXU0dRcXF3aldSSmFDSlEybVg5ZjROSUtxbHlxV0NnSlF0M1RLSkk5TnNnbkRlUUpqLUlQM0xNazZqTHpDc1pITUF2Z2E0NW5kTkVQTUdkS2tEcWhGMUk2ZklYR01YdG9fLWJTeFhIWlBaUUU5YmZ4U1hHa2tTMjVJUzhZblNoS1RzZWpWMzA5TmlncjhCWmZFZHYzVzA2RkZSSzZyQnRxQWlzaldxZGxkVktBZ3pqTXc?oc=5) · azcentral.com and The Arizona Republic
- 2026-08-27 [Most Influential Women in Arizona from 2012-2025 - AZ Big Media](https://news.google.com/rss/articles/CBMiiAFBVV95cUxNWTJrRW9ILXNwb1Z4OE00TXVEQ0VYZ3dHbjBUSV9kS0xReFlBV3FaMjBzWEZ6ek9MeG5TTFlOODRqdmhYcXVIRlFCbzJmTkJ3SThsNGVPYTJmOGhWVFhrbGNqaWJPMXBTR1dWZUtYWHBoVmVxOHBUUm5kWnNQcVo1VG5Kd202SG4x?oc=5) · AZ Big Media

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=68421 (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/5.json (key "68421", 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=68421
- 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