# OREGON STATE
Corvallis, OR · NCUA charter 68656 · asset band $1-10B · latest filing 2026-03 · live
Share link (named URL with a preview card): https://getbookiq.com/cu/oregon-state-68656

Who the members are: state charter, organized 1954, low-income designated. 157,508 members of 4,300,464 potential (3.7% of the field); checking penetration 66% (share draft accounts per 100 members); loans per 100 members 48.

**Verdict on the desk:** this could be *indirect buyer*. Composite score 1 of 18 (one point per flag across 17 flags, capital below 7% counted twice).

## What the filing shows

| Measure | Value |
|---|---|
| Total assets | $2.73B |
| Members | 157,508 (6.2% YoY) |
| Full-time staff | 352 |
| Net worth | $314.8M |
| Net worth ratio | 11.5% (p65 of band) |
| ROA (annualized) | 0.89% (p65 of band) |
| Total delinquency | 0.63% (p52 of band) |
| Net charge-offs (annualized) | 0.75% (p72 of band) |
| Loans / shares | 81% (p34 of band) |
| Cash / assets | 5.3% |
| Borrowings / assets | 0.00% |
| Net interest margin | 3.56% (p66 of band) |
| Operating expense / assets | 3.02% (p38 of band) |
| Vehicles % of loans | 34% (p66 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 59% |
| Third-party paper % of net worth | 189% (p65 of band) |
| Vehicle delinquency | 0.65% (p56 of band) |
| Vehicle NCO | 1.27% (p64 of band) |
| Repossessed % of vehicle book | 0.09% (p55 of band) |
| Real estate % of loans | 31% |
| Credit cards % of loans | 2% |
| Unsecured % of loans | 6% |
| Commercial % of net worth | 110% |
| Core shares % of member funds | 40% |
| Certificates % of member funds | 25% |
| Average share balance | $6,609 |
| Participations bought / yr | $0 |
| Participations sold / yr | $28.0M |
| Participations outstanding | $170.1M |
| Loans outstanding per 100 members | 48% |
| Loans granted per 100 members, annualized | 10% |
| Average loan balance | $25,665 |
| Loans granted, annualized | $912.0M |

## Participation posture (from the same filings)

Bought $0 and sold $28.0M in the latest annualized quarter; $170.1M outstanding purchased (54.0% of net worth), $11.7M sold and retained. Sold in 4 and bought in 6 of the last 8 quarters. Shares 14.1% year over year.

## Flags firing in the latest filing

- **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 | 2 | net worth falling |  |
| 2016-12 | 1 |  | net worth falling |
| 2017-03 | 1 |  |  |
| 2017-06 | 1 |  |  |
| 2017-09 | 1 |  |  |
| 2017-12 | 1 |  |  |
| 2018-03 | 1 |  |  |
| 2018-06 | 2 | net worth falling |  |
| 2018-09 | 1 |  | net worth falling |
| 2018-12 | 1 |  |  |
| 2019-03 | 1 |  |  |
| 2019-06 | 1 |  |  |
| 2019-09 | 1 |  |  |
| 2019-12 | 1 |  |  |
| 2020-03 | 1 |  |  |
| 2020-06 | 4 | net worth falling, margin squeeze, delinquency rising |  |
| 2020-09 | 4 |  |  |
| 2020-12 | 2 |  | net worth falling, delinquency rising |
| 2021-03 | 2 |  |  |
| 2021-06 | 1 |  | margin squeeze |
| 2021-09 | 1 |  |  |
| 2021-12 | 1 |  |  |
| 2022-03 | 3 | delinquency rising, charge-offs p90 |  |
| 2022-06 | 3 |  |  |
| 2022-09 | 3 |  |  |
| 2022-12 | 3 |  |  |
| 2023-03 | 4 | delinquency 2x band |  |
| 2023-06 | 3 |  | delinquency 2x band |
| 2023-09 | 3 |  |  |
| 2023-12 | 2 |  | delinquency rising |
| 2024-03 | 3 | net worth falling |  |
| 2024-06 | 4 | leaning on borrowings |  |
| 2024-09 | 3 |  | net worth falling |
| 2024-12 | 2 |  | charge-offs p90 |
| 2025-03 | 2 |  |  |
| 2025-06 | 3 | net worth falling |  |
| 2025-09 | 3 |  |  |
| 2025-12 | 1 |  | leaning on borrowings, net worth falling |
| 2026-03 | 1 |  |  |

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

- 2026-07-01 [Oregon State Credit Union to Open Cedar Mill Branch, Expand Access in Portland Area - Business Wire](https://news.google.com/rss/articles/CBMi1gFBVV95cUxNcTZqS201YjgyRFlVbXY0Sk4yNjNWaGdzcnpQcVFZME54ank3UFRSaUQ1cDU2Z2pvaUFFMW5qZTBodnQ5NlVRMU03WktnRlhVcVM0N2ZZSm9sZVNLQVRlbFZMeGNUQ2ZDUnA4VEhOcFk5NW9LRjl3eVBCVllacjZHOGF0VnZnM0NKa09zVVNXZmlfSlp3d3FWcFROZXl2LVNpM1E1UHVvQ09Va0FiTnRmMDZrd0pSbVE2Y1NmdHdyc2RxU2dHOF9zMkd4ZWVyZVc3MW1EU1pn?oc=5) · Business Wire
- 2026-07-02 [Oregon State Credit Union to open in Cedar Mill - The Business Journals](https://news.google.com/rss/articles/CBMiiAFBVV95cUxPZzRsa2toZkhLN0RBSVM5TTFSWmV4dEhzalNoM01BTHkwY2Y5dF95VzFubE0xbUpSUlZMWHZlT0JjX2pObjFENndKZ0lBQjNoTF9tOWkyMnhweGN0ZEs5SUtFdnFwekZIZURoWGE0WWJNekN5OW9zbDFPa3plejVLZ3N4eWhyNzJl?oc=5) · The Business Journals
- 2026-07-22 [Washington credit union to buy Oregon bank - Banking Dive](https://news.google.com/rss/articles/CBMinAFBVV95cUxNMGtTVWZSWUR5NU93WlN1Tm5SWWZVNlR4QWx4RUFLSFpBdm1Gb1dtc1VLNXEtV3JYQ25mZHgwY1lpOXB4RWI4ZmxybmFNQkxqTEc2MjcxcU9oYWIyREgybHRmVFBGNnpHSENjWHBJZjJJYUpZcEF2Q182bmpFQ1VGME5CVU1jV3YtMzVUbl9fT2docU5XV2JuTHZyaUc?oc=5) · Banking Dive
- 2026-06-09 [Woodburn senior nabs an Oregon State Credit Union scholarship - Woodburn Independent](https://news.google.com/rss/articles/CBMiqAFBVV95cUxOTTFmV05YeVJSYVpzZ1I3eERHUUZMZGNLZmxwQUZPZnd4QnZCV3FDajR6QW9GNU04bHZsZ19qUzJjeFp4bDNvOWFGWllpX0hGNWdFQWlrVTdrVldacjA1SjYwWWJaWEdPQWZxTmZtRUJaaWdPc0hmM3dTRWFIR2NwUUFRMjF2cGd0NDQ3VUUtR0FyOEU1YjZGb0V6REZNYWFtNk9xd1VFTWc?oc=5) · Woodburn Independent
- 2026-04-14 [Oregon State Credit Union Hires New CFO, Promotes Key Team Members - Yahoo Finance](https://news.google.com/rss/articles/CBMinAFBVV95cUxPQnhQMjJWYlA1R0hUYlZPaDNwWE1QemU1UWRmYXdNZ2F3X3hqbnJUWnp6UncwWGVyVDloRFNSdEx4bUtQQW94TUdIaWNJSHVWLXcxRXo3M1pGWElDczg2UVpHam42Rnl1ZlctMTM5TEtSZjl2dE9CVWYxeUpHcXJBT19CWWJEYm1xS19pQlBReFJ3YjBLazh1YnVOMWk?oc=5) · Yahoo Finance
- 2026-07-10 [3 arrested in Beaverton after pizza, beer theft leads to car crash into credit union - KPTV](https://news.google.com/rss/articles/CBMikgFBVV95cUxQV0tlQWdvd1JybDlTOEdMTnBHcU8tRHllNERFV19kZTh5dDJTQ0Z3UjlpdE1WbC1LVXA5U2s4V0VQa0lfMXRzeHJPdVBEVWN3OHVlSmwxTG4tQVZjemxoMTY5eDM0Y3RpckZiVm95aUVZM0tlQWQwMmszRTMxd25ScXFjLUV4Ukx4RUs1dTduNnFjQdIBpgFBVV95cUxPWWJhQkd5Q2thMEZTejFfVlBlZlVxYUwzMDFFNWswMHZXY1VuOU1mbXZVd1dPNWN0a0c4MzZKUUJ1R2VBVzM4LW9uN2dSSDdEVm1VdWxrNE42UUpTRzEtRExYZHVfSnY3NzdnZEFtdklSOVBRV1dxT251eU1LcFVOOERuZU8tOWJYdUJuekxBdnlhTE1TR0t6TFdScG54d2Q4YkJRZW5n?oc=5) · KPTV
- 2025-10-03 [Oregon State Credit Union Becomes First-Ever Presenting Sponsor of Oregon State Women’s Soccer - Oregon State University Athletics](https://news.google.com/rss/articles/CBMi3gFBVV95cUxNOFpqN0JTRU54U2VQWjZzUGFhMFA3ZjZYbWJBVFNscEVEeTJBdXlJcFlDSml5d3VxM2lGTUNpcHd1alNOQlRsWlFvVUIxbkpzTVgyUnVqUGNVeXYxZ2w0UEp3UXptRE5IUHFlRWJFb2hiNkQzSzlZSzFDUGxCc1hreHJRM3JDaDM2cjlkX0FiV0hyWmtlQ29iNEhqczVTZFFDMVJPQ1hXNkRNMUc2LTNoQmJ2UnpPcFRfbF9fZlA4b2g4QjUxUUQ5QTQ5cC1BX0t5T2dKSnJXd0hnc0pNR1E?oc=5) · Oregon State University Athletics
- 2026-03-19 [The Women Weaving the Fabric That Builds and Strengthens Communities - Willamette Week](https://news.google.com/rss/articles/CBMiswFBVV95cUxOb1JwVU5GdV9CYmN6aFduMTJRYWZoSjVDenl3bm5XbjhqbnE3bEJRSllrVWVCRTdNUU42MG9VM3dDRTNXZUttejYyM3BTRFRvU1lPbzBGbkljb0E0UUJvSTFyb2lfSVUteV95MnJwdS1BN1dKQnN2dm44Q2YyVlV5ZERWLWY5TmZqX2pTMWc0dGdNaGMzdENwZ0ViU2tHMGFXcnMtSjRUb3Q1NU1TOGwyRGR4cw?oc=5) · Willamette Week

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=68656 (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/48.json (key "68656", 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=68656
- 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