# VALLEY FINANCIAL
Billings, MT · NCUA charter 68689 · asset band $500M-1B · latest filing 2026-03 · live
Share link (named URL with a preview card): https://getbookiq.com/cu/valley-financial-68689

Who the members are: state charter, organized 1949, low-income designated. 38,943 members of 931,000 potential (4.2% of the field); checking penetration 61% (share draft accounts per 100 members); loans per 100 members 59.

**Verdict on the desk:** this could be *ordinary*. 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 | $593.7M |
| Members | 38,943 (3.5% YoY) |
| Full-time staff | 131 |
| Net worth | $62.9M |
| Net worth ratio | 10.6% (p55 of band) |
| ROA (annualized) | 0.87% (p63 of band) |
| Total delinquency | 0.30% (p23 of band) |
| Net charge-offs (annualized) | 0.36% (p44 of band) |
| Loans / shares | 79% (p42 of band) |
| Cash / assets | 20.4% |
| Borrowings / assets | 0.00% |
| Net interest margin | 3.56% (p59 of band) |
| Operating expense / assets | 3.94% (p68 of band) |
| Vehicles % of loans | 47% (p85 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 50% |
| Third-party paper % of net worth | 168% (p67 of band) |
| Vehicle delinquency | 0.29% (p22 of band) |
| Vehicle NCO | 0.66% (p38 of band) |
| Repossessed % of vehicle book | 0.11% (p69 of band) |
| Real estate % of loans | 28% |
| Credit cards % of loans | 2% |
| Unsecured % of loans | 3% |
| Commercial % of net worth | 83% |
| Core shares % of member funds | 49% |
| Certificates % of member funds | 27% |
| Average share balance | $6,258 |
| Participations bought / yr | $0 |
| Participations sold / yr | $0 |
| Participations outstanding | $0 |
| Loans outstanding per 100 members | 59% |
| Loans granted per 100 members, annualized | 16% |
| Average loan balance | $18,047 |
| Loans granted, annualized | $155.7M |

## Participation posture (from the same filings)

Bought $0 and sold $0 in the latest annualized quarter; $0 outstanding purchased (0.0% of net worth), $3.9M sold and retained. Sold in 0 and bought in 0 of the last 8 quarters. Shares 13.8% year over year.

## Flags firing in the latest filing

- **net worth falling** (`cap_falling`)
- **3rd-party paper>100% NW** (`str_thirdparty`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2018-06 | 2 | 3rd-party paper>100% NW, auto monoline |  |
| 2018-09 | 2 |  |  |
| 2018-12 | 2 |  |  |
| 2019-03 | 2 |  |  |
| 2019-06 | 2 |  |  |
| 2019-09 | 2 |  |  |
| 2019-12 | 2 |  |  |
| 2020-03 | 2 |  |  |
| 2020-06 | 4 | net worth falling, delinquency rising |  |
| 2020-09 | 2 |  | net worth falling, delinquency rising |
| 2020-12 | 2 |  |  |
| 2021-03 | 4 | net worth falling, margin squeeze |  |
| 2021-06 | 3 |  | net worth falling |
| 2021-09 | 3 |  |  |
| 2021-12 | 4 | net worth falling |  |
| 2022-03 | 3 |  | margin squeeze |
| 2022-06 | 2 |  | net worth falling |
| 2022-09 | 2 |  |  |
| 2022-12 | 2 |  |  |
| 2023-03 | 2 |  |  |
| 2023-06 | 2 |  |  |
| 2023-09 | 3 | delinquency rising |  |
| 2023-12 | 1 |  | auto monoline, delinquency rising |
| 2024-03 | 3 | net worth falling, delinquency rising |  |
| 2024-06 | 2 |  | net worth falling |
| 2024-09 | 1 |  | delinquency rising |
| 2024-12 | 2 | net worth falling |  |
| 2025-03 | 2 |  |  |
| 2025-06 | 1 |  | net worth falling |
| 2025-09 | 1 |  |  |
| 2025-12 | 2 | net worth falling |  |
| 2026-03 | 2 |  |  |

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

- 2025-04-11 [America's Best Regional Banks and Credit Unions 2025 - Montana - Newsweek Rankings](https://news.google.com/rss/articles/CBMijgFBVV95cUxNZ2J0bjZCNmZSb1haRXJuaHlrUC02RzNhNF9ZVTZrVTcyTGVMcWRxOHJxdXdNN1VtUG5yYW9sV3dRVEY5VXo5eWxXLW16VnNrcnljZ1VIRG8tblgxSTRvQTh2V2FUN1ZyRWpUZkdKdnR1LVRTUmp6OUE4VFhrbVZpeW5lclZIYWRvR0lBakR3?oc=5) · Newsweek Rankings
- 2026-07-01 [2026 Services & Finance Winners - Chronogram Magazine](https://news.google.com/rss/articles/CBMickFVX3lxTE0wMUJHS0xfbEsyODUtaGdwRXFqeXdFT21wWXNTeW44OGdyU1pkZ2Jab29NQUl6VWNyUkk5aDVuU0pBaURKSGtLWHk4ejhfS1hVYm83OVN0Z1RYYmRyS0VVZEZ2VWhFdmE1T2JFM3UydUhXQQ?oc=5) · Chronogram Magazine
- 2022-08-18 [Bailout List: Banks, Auto Companies, and More | Eye on the Bailout - ProPublica](https://news.google.com/rss/articles/CBMiV0FVX3lxTE9yUjlLUHlRTkFPekMwR3J1MXFxS2o0OWc3cTFybnY2U1ZhZ1BkTVRweEE5bXJuWnVSTTRxWk1malZlQ2dPUVpHSTk0OTZfNUg3aGpUVVJrbw?oc=5) · ProPublica
- 2011-11-04 [Bailout Tracker - ProPublica](https://news.google.com/rss/articles/CBMiYEFVX3lxTE9WRVU5S0txR3VSdlY5QlVQdmdtVTNNdXE0bWZXZnBWT0tuaUx2VFg3Y0FReEZEZnRVV0hDNldzN0puTUpWd3pVcU83V2JYMkdodHRoNTluX2VpMk1ucUtTbQ?oc=5) · ProPublica

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=68689 (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/17.json (key "68689", 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=68689
- 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