# VANTAGE WEST
TUCSON, AZ · NCUA charter 68558 · asset band $1-10B · latest filing 2026-03 · live
Share link (named URL with a preview card): https://getbookiq.com/cu/vantage-west-68558

Who the members are: state charter, organized 1955, low-income designated. 214,956 members of 4,822,466 potential (4.5% of the field); checking penetration 55% (share draft accounts per 100 members); loans per 100 members 61.

**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 | $3.30B |
| Members | 214,956 (7.1% YoY) |
| Full-time staff | 489 |
| Net worth | $336.9M |
| Net worth ratio | 10.2% (p38 of band) |
| ROA (annualized) | 0.65% (p46 of band) |
| Total delinquency | 0.85% (p72 of band) |
| Net charge-offs (annualized) | 1.56% (p97 of band) |
| Loans / shares | 87% (p51 of band) |
| Cash / assets | 4.7% |
| Borrowings / assets | 3.03% |
| Net interest margin | 4.20% (p94 of band) |
| Operating expense / assets | 3.40% (p61 of band) |
| Vehicles % of loans | 37% (p71 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 85% |
| Third-party paper % of net worth | 352% (p91 of band) |
| Vehicle delinquency | 0.97% (p77 of band) |
| Vehicle NCO | 1.81% (p80 of band) |
| Repossessed % of vehicle book | 0.06% (p44 of band) |
| Real estate % of loans | 35% |
| Credit cards % of loans | 5% |
| Unsecured % of loans | 17% |
| Commercial % of net worth | 70% |
| Core shares % of member funds | 34% |
| Certificates % of member funds | 24% |
| Average share balance | $7,278 |
| Participations bought / yr | $0 |
| Participations sold / yr | $103.1M |
| Participations outstanding | $149.4M |
| Loans outstanding per 100 members | 61% |
| Loans granted per 100 members, annualized | 25% |
| Average loan balance | $18,770 |
| Loans granted, annualized | $1.12B |

## Participation posture (from the same filings)

Bought $0 and sold $103.1M in the latest annualized quarter; $149.4M outstanding purchased (44.3% of net worth), $26.0M sold and retained. Sold in 8 and bought in 7 of the last 8 quarters. Shares 6.4% year over year.

## Flags firing in the latest filing

- **charge-offs p90** (`aq_nco_high`)
- **3rd-party paper>100% NW** (`str_thirdparty`)

## Warning timeline

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

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

- 2026-05-05 [Vantage West celebrates grand opening of Tatum & Shea Branch: Expanding access to Paradise Valley - CUInsight](https://news.google.com/rss/articles/CBMi0AFBVV95cUxQczRoTjZKU0pobktUR0YxTFYwUnhHa0tjRnpTMWc3Q1lZb1g2Z2lLajVLNk9LeG15bVpaVzJBSUxXbWhoeG54NktHWDdhNl8yNXdqTk56SkFIdURKY1pSZDNLZ0luVHozODhoR1FzRDlvM01PbURfMkVla0NOTVBDOFBralh3Mjl2Y2Jfb3hocEtWbmFPU0c5eHJfZzRfbWhhbkQ2RnZVb2E5SWVaOEhNdV9YbEpua2lhUXNjVXdYY0VCb2FKZEhIdHhjS0dyeVIx?oc=5) · CUInsight
- 2022-09-08 [Vantage West Credit Union Partners with Upstart to Offer a More Streamlined, Digital-first Borrowing Experience - Upstart](https://news.google.com/rss/articles/CBMisgFBVV95cUxQeWh5ajlrNXNPSzRySWg4bFdIcDRnbV9NWWpOZWNrREhUeHpXUW96b0tzZlhkdzMyZVVpQWpheHJlQlJHVFZJbncxTkFpSF83dk9vYW1QTlRkUVdYZmEwTXprbm5kaXlWMUlRTTIxbXdtU1JwcEFuekhjSkE2dVpRTTlsM1QwZldKQWFDOE1jb0I1YjVnUnRlOTVtaDA3TVpPVEdBeVpCcVRlTXVmaGtybTd3?oc=5) · Upstart
- 2025-12-16 [Vantage West recognized by Newsweek as one of America’s Best Regional Credit Unions for third consecutive year - CUInsight](https://news.google.com/rss/articles/CBMi6wFBVV95cUxOU3dqUWJzc0xMUVRneC1lYkRpanpsTXFTcUIwSUFRbnkydXY0a0ZaYkZDc3E0S0dsbDl6S1JmUmZ2N1VvYVg5aUlzN04tTVdPQXZNTGFFTmkzMmI3V2tPNldRVFBFSTNERWY1SGVHN3JZWHByd2RMbVlHMi1rSnJ6dVpvelFUOEtnXzRWV2FGS1Y5NEV2ZzZqUVJmZktSaWlfQk5vOU1QRWctc2o0QmFHZ1RkLVZqbTZjYW1oSGhzdjdQMTVMRHJjSl9qMGZIODhlemFxV1N0SF9GZ3lEMzlOdV9Qd3VPV24zRXhN?oc=5) · CUInsight
- 2018-07-15 [Vantage West CEO Robert Ramirez is leaving a legacy of growth - Arizona Daily Star](https://news.google.com/rss/articles/CBMigwFBVV95cUxPR2dvb2s4NXZkdUI5eDBrVzhJR0tVUXBfc2RObHJ3RVhINFhkblNkZkNyRFFJZ0xHTTdhLVhVaVMtTFFzZnNld3llaVE2aElxbE9QeTFaNVltT01JVDBDb3JKX0hQc3NWOEZUeUd5MWFOZTM3OGZUMXV0UkppTFdmc2U5VQ?oc=5) · Arizona Daily Star
- 2024-05-14 [Vantage West Celebrates Grand Opening at Golder Ranch - Real Estate Daily News](https://news.google.com/rss/articles/CBMikAFBVV95cUxOV204OTNfV0dGWFBWd0lvTEwxSkhmT09HUjVKM1hYUWVCdGMycXJ5am5GU0RaT0FrVnVsUVB2U3kwM3U1VUxhazB6YzFZZkhyZUZOYWt3N1JVOXVCQ1VTaTIycE5MVUJnbWZzZk9aQjdHT2I0LXlNcDR6YXFJT0Q5VjktTFQ1NnNkNUxWVmhjQUY?oc=5) · Real Estate Daily News
- 2025-09-15 [Vantage West celebrates grand opening of new Oro Valley branch - CUInsight](https://news.google.com/rss/articles/CBMipgFBVV95cUxQZmlOQXZ0R25wSjV5YU5xRHlPQ1NHQjhlYVpfanl4WG54OWwzelJpWW1ybWJ1LWFzaWFFYWZwc1dpS29Lbm5saEdYeFZxX19aQlF4RWkyYzEtUTY1ZUdWVWxIdDkxOXd0T2U3XzItQUtLT0tlQTBTN2t1N25LT2FrMnRsRDhPWlhQQ3g5UDRweGtSQ0VyQXZFU1RSaXoyTGwzUGI0S1d3?oc=5) · CUInsight
- 2022-05-31 [Reflecting on history of Tucson's glass and steel upside-down pyramid - kgun9.com](https://news.google.com/rss/articles/CBMipwFBVV95cUxNQTdfQWtpSkh3UGFGRXNINjVnenh3eUJMV184M2UxZWhBLUt5R0YtUy0xWV9jQ0twT2duNHlYLXBjZ2dqRjFEQUZ3c1pSVnE3M0h1Q2QxRjE4V3VzNmpwbWlNUUhrM3p3aFhEQnVpWmIyVzlZWjltMGxUT0huclVTOXNfclUtbi1ISGxxeW14NVBYc21pdUEwUDRqaWRrQzh1LW9jVkdlUQ?oc=5) · kgun9.com
- 2025-06-19 [Vantage West named best-in-state credit union by Forbes for third consecutive year - CUInsight](https://news.google.com/rss/articles/CBMiwAFBVV95cUxQa0M3V0FCMS1XR3g5aUhIODdlVUFDYWgxLWQ1UjhFYUFCYnJ0RWF0UU1obmVUM3B6WFEtbjVYcWlvVDVQN0RpY3FzZWlQMHpjVG9NTk1nSlZQQ2FNc3VUSDZaNWdjQWNtUmRIenMxajlXbFF4MW1icmFaT21IcEktUTJkd0tKTG9wNTg2SUM1NjV1WnRqeWxKUFFjNzJka3lsRU1QaUl5ekZCRmhKdzRIaGI1TGcxYV93SVhOZUE4RGE?oc=5) · CUInsight

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=68558 (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/14.json (key "68558", 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=68558
- 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