# OUR COMMUNITY
Shelton, WA · NCUA charter 68609 · asset band $500M-1B · latest filing 2026-03 · live
Share link (named URL with a preview card): https://getbookiq.com/cu/our-community-68609

Who the members are: state charter, organized 1941, low-income designated. 30,609 members of 130,600 potential (23.4% of the field); checking penetration 57% (share draft accounts per 100 members); loans per 100 members 45.

**Verdict on the desk:** this could be *quiet fade*. 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 | $640.3M |
| Members | 30,609 (-5.2% YoY) |
| Full-time staff | 99 |
| Net worth | $79.5M |
| Net worth ratio | 12.4% (p76 of band) |
| ROA (annualized) | 1.13% (p80 of band) |
| Total delinquency | 0.43% (p34 of band) |
| Net charge-offs (annualized) | 0.61% (p68 of band) |
| Loans / shares | 41% (p3 of band) |
| Cash / assets | 2.5% |
| Borrowings / assets | 0.00% |
| Net interest margin | 3.46% (p49 of band) |
| Operating expense / assets | 3.03% (p23 of band) |
| Vehicles % of loans | 36% (p65 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 83% |
| Third-party paper % of net worth | 94% (p50 of band) |
| Vehicle delinquency | 0.68% (p59 of band) |
| Vehicle NCO | 0.94% (p56 of band) |
| Repossessed % of vehicle book | 0.11% (p69 of band) |
| Real estate % of loans | 27% |
| Credit cards % of loans | 6% |
| Unsecured % of loans | 10% |
| Commercial % of net worth | 54% |
| Core shares % of member funds | 68% |
| Certificates % of member funds | 27% |
| Average share balance | $8,233 |
| Participations bought / yr | $16.0M |
| Participations sold / yr | $0 |
| Participations outstanding | $42.6M |
| Loans outstanding per 100 members | 45% |
| Loans granted per 100 members, annualized | 8% |
| Average loan balance | $16,294 |
| Loans granted, annualized | $67.8M |

## Participation posture (from the same filings)

Bought $16.0M and sold $0 in the latest annualized quarter; $42.6M outstanding purchased (53.6% of net worth), $0 sold and retained. Sold in 0 and bought in 8 of the last 8 quarters. Shares 1.3% year over year.

## Flags firing in the latest filing

- **members leaving** (`shrink_members`)
- **loan book shrinking** (`shrink_loans`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 1 | 3rd-party paper>100% NW |  |
| 2016-06 | 2 | leaning on borrowings |  |
| 2016-09 | 1 |  | leaning on borrowings |
| 2016-12 | 1 |  |  |
| 2017-03 | 2 | leaning on borrowings |  |
| 2017-06 | 1 |  | leaning on borrowings |
| 2017-09 | 1 |  |  |
| 2017-12 | 1 |  |  |
| 2018-03 | 2 | net worth falling |  |
| 2018-06 | 1 |  | net worth falling |
| 2018-09 | 1 |  |  |
| 2018-12 | 1 |  |  |
| 2019-03 | 1 |  |  |
| 2019-06 | 1 |  |  |
| 2019-09 | 1 |  |  |
| 2019-12 | 1 |  |  |
| 2020-03 | 2 | delinquency rising |  |
| 2020-06 | 2 | margin squeeze | delinquency rising |
| 2020-09 | 3 | net worth falling |  |
| 2020-12 | 4 | delinquency rising |  |
| 2021-03 | 3 |  | delinquency rising |
| 2021-06 | 4 | members leaving |  |
| 2021-09 | 4 |  |  |
| 2021-12 | 3 |  | margin squeeze |
| 2022-03 | 2 |  | net worth falling |
| 2022-06 | 2 | delinquency rising | members leaving |
| 2022-09 | 2 |  |  |
| 2022-12 | 2 |  |  |
| 2023-03 | 2 |  |  |
| 2023-06 | 1 |  | delinquency rising |
| 2023-09 | 2 | delinquency rising |  |
| 2023-12 | 1 |  | delinquency rising |
| 2024-03 | 3 | delinquency rising, charge-offs p90 |  |
| 2024-06 | 1 |  | delinquency rising, charge-offs p90 |
| 2024-09 | 1 |  |  |
| 2024-12 | 1 |  |  |
| 2025-03 | 1 |  |  |
| 2025-06 | 1 |  |  |
| 2025-09 | 1 |  |  |
| 2025-12 | 2 | loan book shrinking |  |
| 2026-03 | 2 | members leaving | 3rd-party paper>100% NW |

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

- 2026-03-27 [Carol Adell Trusty Obituary (2026) - Aberdeen, WA - Twibell’s Fern Hill Funeral Home - Aberdeen - legacy.com](https://news.google.com/rss/articles/CBMigAFBVV95cUxNN2JmbmFhZnVtTy1TMzNjNGpJSFBtSmJON1VjSGc4WGJMNVhhcDMyU0JtMmFrRzhoYVJCVDhkVGZxdXlWODBJM0RTVzNIUHQtNEFxQ1FfUmpsdVE1bExReXhKTF84eGR6Wi1tVXd3VXFldmhaWFhsd052eko1QVFXcA?oc=5) · legacy.com
- 2026-02-12 [Behind the scenes, paid and volunteer boards shape bank, credit union leadership - Tri-Cities Area Journal of Business](https://news.google.com/rss/articles/CBMif0FVX3lxTE5NUDQ5NHNLeE16U2dGbWlXQjNUa2RlZFJNa1Uya01INV8wdUlabXBQVzNhazJpYTA3eG9FNUJTU3lmVHpDRWVZNENrMUpxTkRjX0hRcUwwTFNMaDdzSHg1S0lBZjEzSzJlRjM1ek1FblFkQzRmRl9MVDhZZEhnc3c?oc=5) · Tri-Cities Area Journal of Business
- 2025-11-06 [Small credit unions double down on accessibility, empathy - Spokane Journal of Business](https://news.google.com/rss/articles/CBMipgFBVV95cUxQNS1Td1FHazZfUmprNzJzZDlnQWpibWtzZEFuUmlnOS02NU9CVlJEQjB4bUg0aEZrQmxUT0dIa0tHWkdycnBTVDVwOVI4VzUzMU9YR3dYUDRZd3k1eVBQOHBJZTVpV1RPODFqaXZIc3QxVFpRRFNfdlVBUnRjREIyX1ktTDVpd0FzLTVxU1BmcmJDTm9pRGl2US16V19NbVpEeWtabWt3?oc=5) · Spokane Journal of Business
- 2026-02-18 [TwinStar Community Foundation renames to expand impact across Washington, Oregon - The Daily Chronicle](https://news.google.com/rss/articles/CBMivAFBVV95cUxQd3M2cFE3Uk1sdDZ1V0tPZGFybWFENUF5V2hDMS1BbWJiQ3JtQmFlRjFwTlRvMmJtbGtMMlJlNktsT3hvaGJXamt6QjNDVzVCMjF2SEVaNTliZGk1cDFkUmUwSjRDTFliZTJzMVFEMHBTNVBMbVgyaEdSd1ktQTdQWmdnOUJzNF9JTlI2ci1BYXVoNGprR1FDcC0xZ2xZdDcwX09rZHdBUmZvWVdlTTdIVnhYYWtnNTR3aDVrMg?oc=5) · The Daily Chronicle
- 2026-02-12 [Seattle Credit Union CEO to retire after 14 years at the helm - The Business Journals](https://news.google.com/rss/articles/CBMiowFBVV95cUxOTFMzWjhTTXItcXUyTHBSc2N2czA2YzhIcTktVUxWTkU2dFcteTNMZGFaT3lyLWk5VmV5aVNaNGN2cHBuV3lCS0laSFBsbER0c3VyY1JvTUczM0J4VllwbUR6TDZLWVAycWpfdTBXUUVvdmcwME1PTHkwcjZXSlZFdnRRQ2Y3MVdRdGdGSnNEU01nOUd0NXE4VVpSWGlXSS1Fbi1R?oc=5) · The Business Journals
- 2025-03-13 [Gesa Credit Union Secures Naming Rights for Spokane’s Iconic Pavilion - City of Spokane, Washington](https://news.google.com/rss/articles/CBMivgFBVV95cUxQSGptTnVua0RZUzJaRk9POXE5S1Q2b0g0WVRKVkNYNVdwMWdtaUV2cVlOMTVOZW5xdWIyeWQ0a0l5R1R1d1hpT2VRcFRVTk9DUjRmSDhhUEYtYlhleWlsbUN3b2NiQlZ0blJxX0hqWEJqN0dZRm9uTlJ6VnBoREdhV1d1d3lacWo4TmdNUHpCT2NYSUJNcEZ1dWdfcWxjeVhCMjAycVJJV2k2Y3dkTHNuU01JV0lXRDlFeGJYWlF3?oc=5) · City of Spokane, Washington
- 2025-04-07 [Solarity Credit Union fueled $43.4 million in economic impact, supported 340 jobs in 2023 - CUInsight](https://news.google.com/rss/articles/CBMixwFBVV95cUxQLVhTdjhjM0dYLURhaVFxcHRTV195d3AyQlVfVlNhMTczdk9iVXdhU2x2aGJzV25KTnFPb2RjMGxqOXZQdi0zUlJ0LTFRTGllYk1odGI5d2lCU3JRcW1QcFNiUUZtSzltb2QyOXBOV05fTnN3TDlaS0g2SlluWHRtckV3V0JxNlFwQV80Sjh0UnFFekZmSmJ0ZEVaTmZIUlFjYmJHWHNGdmFzWVN1M2p5WndzSC1kdWhXR2x3a0c5M2FJY29pWkd3?oc=5) · CUInsight
- 2023-06-27 [STCU President Ezra Eckhardt - Gonzaga University](https://news.google.com/rss/articles/CBMifEFVX3lxTE1PZS1FN3M0SGlqOWdLTkZ5bmVhYlk5eE5FU0NTYjBreXgteHNIaGFfX1M5SFVzTVVHc1dBcExVdlpVc3p4TG1PWEFJN3djUGlMMGFSU3F2RWVCYWJoZ1BtdnJOZUpXQmE3N1lTZEowVEcybW5IMEVRQ1BOYi0?oc=5) · Gonzaga University

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=68609 (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/1.json (key "68609", 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=68609
- 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