# INTREPID
Helena, MT · NCUA charter 68495 · asset band $200-500M · latest filing 2026-03 · live
Share link (named URL with a preview card): https://getbookiq.com/cu/intrepid-68495

Who the members are: state charter, organized 1936. 18,704 members of 906,800 potential (2.1% of the field); checking penetration 53% (share draft accounts per 100 members); loans per 100 members 50.

**Verdict on the desk:** this could be *quiet fade*. 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 | $310.5M |
| Members | 18,704 (-8.8% YoY) |
| Full-time staff | 76 |
| Net worth | $33.8M |
| Net worth ratio | 10.9% (p45 of band) |
| ROA (annualized) | 0.65% (p46 of band) |
| Total delinquency | 0.49% (p40 of band) |
| Net charge-offs (annualized) | 0.33% (p45 of band) |
| Loans / shares | 80% (p64 of band) |
| Cash / assets | 10.8% |
| Borrowings / assets | 3.22% |
| Net interest margin | 3.91% (p74 of band) |
| Operating expense / assets | 4.31% (p76 of band) |
| Vehicles % of loans | 30% (p44 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 5% |
| Third-party paper % of net worth | 102% (p57 of band) |
| Vehicle delinquency | 0.32% (p29 of band) |
| Vehicle NCO | 0.25% (p26 of band) |
| Repossessed % of vehicle book | 0.08% (p68 of band) |
| Real estate % of loans | 30% |
| Credit cards % of loans | 1% |
| Unsecured % of loans | 3% |
| Commercial % of net worth | 61% |
| Core shares % of member funds | 62% |
| Certificates % of member funds | 21% |
| Average share balance | $7,330 |
| Participations bought / yr | $0 |
| Participations sold / yr | $0 |
| Participations outstanding | $13.9M |
| Loans outstanding per 100 members | 50% |
| Loans granted per 100 members, annualized | 13% |
| Average loan balance | $22,920 |
| Loans granted, annualized | $70.3M |

## Participation posture (from the same filings)

Bought $0 and sold $0 in the latest annualized quarter; $13.9M outstanding purchased (41.1% of net worth), $0 sold and retained. Sold in 0 and bought in 3 of the last 8 quarters. Shares 2.8% year over year.

## Flags firing in the latest filing

- **delinquency rising** (`aq_dq_rising`)
- **members leaving** (`shrink_members`)
- **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 | 2 | net worth falling |  |
| 2017-03 | 3 | members leaving |  |
| 2017-06 | 2 |  | net worth falling |
| 2017-09 | 2 |  |  |
| 2017-12 | 2 |  |  |
| 2018-03 | 2 | losing money | members leaving |
| 2018-06 | 2 |  |  |
| 2018-09 | 1 |  | losing money |
| 2018-12 | 1 |  |  |
| 2019-03 | 2 | losing money |  |
| 2019-06 | 1 |  | losing money |
| 2019-09 | 1 |  |  |
| 2019-12 | 2 | delinquency rising |  |
| 2020-03 | 1 |  | delinquency rising |
| 2020-06 | 3 | net worth falling, delinquency rising |  |
| 2020-09 | 2 |  | delinquency rising |
| 2020-12 | 2 |  |  |
| 2021-03 | 3 | delinquency rising |  |
| 2021-06 | 1 |  | net worth falling, delinquency rising |
| 2021-09 | 1 |  |  |
| 2021-12 | 2 | net worth falling |  |
| 2022-03 | 2 |  |  |
| 2022-06 | 2 | delinquency rising | net worth falling |
| 2022-09 | 2 |  |  |
| 2022-12 | 2 |  |  |
| 2023-03 | 4 | loans>95% of shares, leaning on borrowings |  |
| 2023-06 | 3 |  | delinquency rising |
| 2023-09 | 3 |  |  |
| 2023-12 | 4 | delinquency rising |  |
| 2024-03 | 3 | net worth falling | loans>95% of shares, leaning on borrowings |
| 2024-06 | 2 |  | net worth falling |
| 2024-09 | 2 |  |  |
| 2024-12 | 2 | assets shrinking | delinquency rising |
| 2025-03 | 2 |  |  |
| 2025-06 | 2 | loan book shrinking | assets shrinking |
| 2025-09 | 2 | members leaving | loan book shrinking |
| 2025-12 | 3 | delinquency rising |  |
| 2026-03 | 3 |  |  |

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

- 2025-04-09 [Intrepid Credit Union selects Cindy Trimp as Vice President of Finance - CUInsight](https://news.google.com/rss/articles/CBMisAFBVV95cUxOTGVNMkxSbWdqc1ZGMjVMV0RnQWVzS0NPREpfbHRrbGkwTTJzSEFyTkc5cXlVNWRzQ1h4ejAwZ2xJUnEybERNU0dkaDQ0Wlh2R1lQRVh4a1ptbjdNOGlUbTZuQzlEM0NObTNZa1FrU25KNmNSOFBHSUpFcExOZ2ppS3R3WUFnQWtYVUlkaENHcGlwaWhMbmx0TF9kWDNrQ2duSDUwak56TVhkWWV3QW9BYw?oc=5) · CUInsight
- 2026-07-18 [Symphony Under the Stars - Carroll College](https://news.google.com/rss/articles/CBMicEFVX3lxTE1uVWpEcUk0cTQ5cUNFRm9kRllHVEVkaWw2RnVscHpldkJkalVkVFNpMjNaVHVmR3ktQ05uV2xhZ2w1Z1VVMlN4UVBtRHBsVW5BYTR1RU9nYzFhWk5PR3Z1N00tVVB1S1ZjcVhjSHFjbzU?oc=5) · Carroll College
- 2026-07-17 [Symphony Under the Stars returns for 22nd year in Helena - KTVH](https://news.google.com/rss/articles/CBMiigFBVV95cUxQX1VLYk0xUXFIYXBXM2hDbVZ6amZQZERRLVFWOWlmZWhQenpQSjZtWmQ3b0ItWjRCa1RVaVdEVk1zU1NNbUFRVjdCNUJseHAzaE03bzFRS2hGN2RnZXRLLWc5MnVGdGNLZzl0SHJmaUlFbktJeFQ2M2VjMDdEM1NHRVhjOHVmT01NMUE?oc=5) · KTVH
- 2026-06-22 [Symphony Under the Stars set for July 18, 2026 - Carroll College](https://news.google.com/rss/articles/CBMihAFBVV95cUxOeXJTX3FyeTBtRjRhZjJ4d2oyQU5YNGpDaGliM1BKNV93TXdHT3d5X3l1dUFZbDQ2LVI3VHVVUkc5eGdqYndDTGw5U24wd21UNHJXRnpRV3NVSTBudVlVeGFEVzVydFdneDFaR2ozNGRuS3YyN0dOQk0yRWdkWnlXLXlMeDA?oc=5) · Carroll College
- 2025-07-18 [Thousands get ready for 21st Symphony Under the Stars - KTVH](https://news.google.com/rss/articles/CBMilwFBVV95cUxPX1lXSkxINVRkRElRTW9JSjBDRHowMmJrTGJQTDJfYW84MnR4THBEdjExdEQxWXZ4M2RuRURGRFdKSlkwVHdFd3BJREVJbTZuOUlSMHkyT010RURSWGx1UFF3Uy1wOWgzU2dFblhJRXpyb3NoZ19zbC0yMkE4VFZ2ZXhKZkRfaXYyLURUZ2lhYTMyS240Ump3?oc=5) · KTVH
- 2026-05-18 [Symphony Under the Stars Visit Program: July 18 - Carroll College](https://news.google.com/rss/articles/CBMiiwFBVV95cUxOVXBaRzROQWJkXzlpbTJjb0dNdXBYT1pNVWh2N2FHT2lSRW51ZFcyMWZCLXZPXy1KckFpcXpWenBxdXFXQjZROXZfWWVhcEZxd1plREtMUGkwWURUcjBOOElXbWZEckNMclFmTkNyU2t4Ql8xQzZYaWNjOW9pYmxCSWdyTS1IMjlGOFFV?oc=5) · Carroll College
- 2025-07-17 [Out & About: Art Walk, Symphony Under the Stars, and Last Chance Rodeo - KTVH](https://news.google.com/rss/articles/CBMiogFBVV95cUxOVGlIek5vODlSVnNEVFJ3bktJTTRVbVVMNnlyZXhrMXhwNHZNaVNpcmRSVXRoRFJ6WXVUZVZIeE94VThxMllURU5vc1Nncm5RTXlzX2hwMmxlaDljSWZGM0s2eGdKVnc4ZFhZZ3JzNVJ6YlhSV1pLamhUQkFuTzdzSUo3RlRzSndxQkE4T2xjMkFDT3k4OU1YWmhKamo0ZDR5VXc?oc=5) · KTVH
- 2024-03-25 [Symphony Under the Stars aims to be 'Simply the Best' in 2024 - KTVH](https://news.google.com/rss/articles/CBMijgFBVV95cUxPUzdTWEcycjJqQkNHZ1ZKNjlhOXQ2V3RJX2c1MkpFTFRXOFdQV01DT0xad1RyeWowai01TEtkQkJBMXNuNEdmOGFlak83c0hhWTc3bW9qWkllazF6bEFmUm85VG93cFk0eG1yRndxUmRIcGIzM09wbUpWamRVM3oyS1dSQmhvNTZ5eU9yVmlR?oc=5) · KTVH

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=68495 (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/15.json (key "68495", 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=68495
- 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