# VERITY
Seattle, WA · NCUA charter 68517 · asset band $500M-1B · latest filing 2026-03 · live
Share link (named URL with a preview card): https://getbookiq.com/cu/verity-68517

Who the members are: state charter, organized 1933, low-income designated. 34,442 members of 8,074,082 potential (0.4% of the field); checking penetration 71% (share draft accounts per 100 members); loans per 100 members 60.

**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 | $762.9M |
| Members | 34,442 (-4.3% YoY) |
| Full-time staff | 127 |
| Net worth | $71.0M |
| Net worth ratio | 9.3% (p26 of band) |
| ROA (annualized) | 0.13% (p11 of band) |
| Total delinquency | 1.10% (p82 of band) |
| Net charge-offs (annualized) | 0.56% (p64 of band) |
| Loans / shares | 89% (p74 of band) |
| Cash / assets | 7.0% |
| Borrowings / assets | 0.00% |
| Net interest margin | 3.85% (p76 of band) |
| Operating expense / assets | 3.86% (p64 of band) |
| Vehicles % of loans | 8% (p7 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 54% |
| Third-party paper % of net worth | 269% (p87 of band) |
| Vehicle delinquency | 1.99% (p95 of band) |
| Vehicle NCO | 1.16% (p63 of band) |
| Repossessed % of vehicle book | 0.67% (p98 of band) |
| Real estate % of loans | 42% |
| Credit cards % of loans | 5% |
| Unsecured % of loans | 6% |
| Commercial % of net worth | 138% |
| Core shares % of member funds | 59% |
| Certificates % of member funds | 27% |
| Average share balance | $9,264 |
| Participations bought / yr | $64.1M |
| Participations sold / yr | $0 |
| Participations outstanding | $60.0M |
| Loans outstanding per 100 members | 60% |
| Loans granted per 100 members, annualized | 7% |
| Average loan balance | $28,810 |
| Loans granted, annualized | $113.9M |

## Participation posture (from the same filings)

Bought $64.1M and sold $0 in the latest annualized quarter; $60.0M outstanding purchased (84.5% of net worth), $2.6M sold and retained. Sold in 1 and bought in 3 of the last 8 quarters. Shares -0.9% year over year.

## Flags firing in the latest filing

- **repo signal** (`aq_repo`)
- **members leaving** (`shrink_members`)
- **3rd-party paper>100% NW** (`str_thirdparty`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 3 | expense trap, leaning on borrowings, 3rd-party paper>100% NW |  |
| 2016-06 | 3 |  |  |
| 2016-09 | 3 | net worth falling | leaning on borrowings |
| 2016-12 | 2 |  | net worth falling |
| 2017-03 | 3 | thin capital |  |
| 2017-06 | 2 |  | thin capital |
| 2017-09 | 2 |  |  |
| 2017-12 | 2 |  |  |
| 2018-03 | 2 |  |  |
| 2018-06 | 5 | net worth falling, delinquency rising, leaning on borrowings |  |
| 2018-09 | 5 | loans>95% of shares | net worth falling |
| 2018-12 | 3 |  | expense trap, delinquency rising |
| 2019-03 | 4 | net worth falling, delinquency rising | loans>95% of shares |
| 2019-06 | 2 |  | net worth falling, delinquency rising |
| 2019-09 | 3 | loans>95% of shares |  |
| 2019-12 | 3 |  |  |
| 2020-03 | 4 | net worth falling, delinquency rising | loans>95% of shares |
| 2020-06 | 3 | expense trap | leaning on borrowings, delinquency rising |
| 2020-09 | 4 | thin capital |  |
| 2020-12 | 4 |  |  |
| 2021-03 | 4 | repo signal | expense trap |
| 2021-06 | 2 |  | net worth falling, repo signal |
| 2021-09 | 2 |  |  |
| 2021-12 | 3 | repo signal |  |
| 2022-03 | 4 | charge-offs p90 |  |
| 2022-06 | 3 |  | charge-offs p90 |
| 2022-09 | 3 | loans>95% of shares | repo signal |
| 2022-12 | 6 | net worth falling, repo signal, leaning on borrowings |  |
| 2023-03 | 5 |  | net worth falling |
| 2023-06 | 6 | expense trap |  |
| 2023-09 | 6 | delinquency rising | thin capital |
| 2023-12 | 8 | assets shrinking, members leaving |  |
| 2024-03 | 8 |  |  |
| 2024-06 | 9 | delinquency 2x band, loan book shrinking | leaning on borrowings |
| 2024-09 | 8 |  | expense trap |
| 2024-12 | 5 |  | loans>95% of shares, delinquency rising, delinquency 2x band |
| 2025-03 | 7 | net worth falling, losing money, delinquency rising | members leaving |
| 2025-06 | 3 | members leaving | repo signal, assets shrinking, loan book shrinking, net worth falling, delinquency rising |
| 2025-09 | 4 | repo signal |  |
| 2025-12 | 5 | thin capital, net worth falling | repo signal |
| 2026-03 | 3 | repo signal | losing money, thin capital, net worth falling |

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

- 2026-02-02 [Verity Credit Union Awards $120,000 in Grants for Growth to 16 BIPOC and Women-Led Startups and Nonprofits - Lynnwood Times](https://news.google.com/rss/articles/CBMiYEFVX3lxTE5LUjZESFNmVU0wMk1mZ2Q2ejNsSXhObGtJNFhXN01FNTJSRFFiQ0ZSZFBfX0poTmJzV1pqRnJpZzFfWDY0ZU9nUndpSTlONkRGcWtvMTRaM3pBcWIxMlE3dQ?oc=5) · Lynnwood Times
- 2025-10-27 [Verity Credit Union Unveils Grants for Growth to Empower Community Changemakers - SouthSoundTalk](https://news.google.com/rss/articles/CBMivwFBVV95cUxPTTkybWlHN1lDeWdkaWhTMHV3bDZxLW1pM01kX0NONFJXY3RfWndsNW43eVFsYk1FSXZFZFJHODdCZjZ6X05tYnVVNHh2aFdOYkJPLVkxSXhuNzZreVVrUWF0Znp4b1J0ZzZpd1pCLTVuWUdPSE1Ub3pOVzljVGp2RWRRc0ptbHFhQVFHNHRZN1VqNU94NDhmLUcxZXVxUzdzSUFDLXlnUGFsMWp6TTkycUI3eGdxWGpTMkFPeWpzMA?oc=5) · SouthSoundTalk
- 2021-03-01 [Tonita Webb Named New CEO Of Verity Credit Union - PR Newswire](https://news.google.com/rss/articles/CBMipwFBVV95cUxNbVRQaEhqR1NwSGdYRzdfSElCV2llZ3pDVkRHTFNQdlE2cVVMNjNaZV9feVdEOUJxeHFBS2p2UVNYeHRRQmJVRUJDWGZzc2ZBbDhIRXozSDE3YjIwQ1Juc05CcWlYS3Y0Z25Scl9oSUZjQVphd0Q2WjlHdkhIVU5zN2lhTVlobklYdGRIVEtIQkVOQWpDSVMtUzNDYzI2TnpIV2xROEViMA?oc=5) · PR Newswire
- 2025-09-24 [More than banking: Credit unions support resilient communities with ALICE reports - CUInsight](https://news.google.com/rss/articles/CBMiqwFBVV95cUxNWUFHVkxVN0xyVXB1elJyMGJEeEZDQzdReWVsQWlqZ1hPLWdNU1NuZm9IUlpkbi1iajdQZ1pTUUpiWjVCdUZxWHQzNkJ1a2M0NWhQdlFoUVUxckhDOFRQWkpTQl9tNnFqUnE5cFREd3draThZRFFsVkpDZ2NIQV84NFRwdlEyQVJ6RjdDbGUzbFBQUWFZY2JhLTVjMzhMRnFKUFZ0SHhzbDZiN2c?oc=5) · CUInsight
- 2023-11-14 [The Most Powerful Women in Credit Unions 2023 - American Banker](https://news.google.com/rss/articles/CBMimgFBVV95cUxQby1nUHlLZWZMaEczT182Uy01YzF5cVVGdEZxZm1NUXNESmRKVnhUTlpxTnM0dXVOcE9HaWRpRHNnWUVGM1JnNEN5Q1lPa0JaazM3UTFicXNwZjlQZXlieU1MemstNU5MU19pNjRndHNvdU96LXZGVzhNODZSbjVwN0FBRWx3MzVremdJVXA5cXp4cEVYSnRuS2xB?oc=5) · American Banker
- 2023-02-14 [Verity Credit Union Announces Microgrant Recipients - 425business.com](https://news.google.com/rss/articles/CBMi0wFBVV95cUxNQkFPdm9rc1J2YXBlLThRRHFMRXoySm5SUUh1Y3Y1Zks1RzdSc3BDNWx1S1FuLU96Y1cwVVZrM1hrLWlkN1A4NEZwb0RkT0NPWDdnaHp3U2FuWVdNd1V1d2xocXhJcmNWWnlYNXhBSjFPS1EyZFZCdl9NUUJVQkg3U3hMM2NGQndNYS1OM2M5WXVEMjgtR0pabGZoSkRNbkpRNTAwd29wbEp5TUs0VHdFMU1PU28zOUZCc1ZhUWtLcWN6WUxHelVMSk1RMzYyejJmZU9z?oc=5) · 425business.com
- 2023-07-20 [Low-income apartment project with 256 units is coming to Pierce County. Here’s where - thenewstribune.com](https://news.google.com/rss/articles/CBMicEFVX3lxTE00SjBLM0RvTzc0SUd4THZOWUpFTnJGUjlTbWRia0pzWllrY2J5ZU1zWVN4WVM1NWs0cXp4LWZUZUlwRGVRQTdjY1BvdWlabllxOWY5bWJQek9lZFVvY3VmdzdPUDlDWmF6Z1R2ZzU4NVXSAXBBVV95cUxQaTJVUXZIYU1GUHlza0dMMHl4bVduclpVWVJjSDdPcGptal9USktZVV9QeVhJdzF6Q2tmSFd5VTRUamF5WHdLMWlsTi1lUkhyQ0duZy1JMFFxSENzT1dhakhPdnZzRi1DSlJYb1FKeGkt?oc=5) · thenewstribune.com
- 2021-08-30 [Verity Credit Union’s Programs and Partnerships Support Member and Community Prosperity - BadCredit.org](https://news.google.com/rss/articles/CBMilwFBVV95cUxPUDdzYzZHUTZ6SVNVYkx3d3JOUFVpLUNETWdSV3RoZWxRajNTSGc2emx3WXpNOVNBbVk5Y2xDVzFFOUhSd0ZkUXB6Q2tNVEs1RjBRbGJST1k4SjBFRzhZQ1lJSmlMQ2xXc1VXOGV3UnJNVTVnTlhFOUoyRy1kX1pveUl1U0o2ZXlaaXltQ0VHTTZ6NUtlRHhv0gGcAUFVX3lxTE9DRkRZQVctTW5JTE9tdXcxRzNkUWtnWXVHQ0dXRE5ZdldIMy1UclFMUVY5dkRZTm51cEJtb2RPZ21CVkoyRWo5ODlvMlpzQkRsSjJhOFhDd25NOHZ4cVhhSDB6Unc0d01rZWkyNS1NVTA2Y3A1d3lSZGc1bzZENjVqb05BSVdEMGRMY2FCcDRNbWtTMF8yamFHX0U4Zw?oc=5) · BadCredit.org

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=68517 (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/37.json (key "68517", 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=68517
- 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