# 44 NORTH
Lebanon, OR · NCUA charter 68739 · asset band $100-200M · latest filing 2026-03 · live
Share link (named URL with a preview card): https://getbookiq.com/cu/44-north-68739

Who the members are: state charter, organized 1956, low-income designated. 9,761 members of 1,000,000 potential (1.0% of the field); checking penetration 55% (share draft accounts per 100 members); loans per 100 members 86.

**Verdict on the desk:** this could be *stressed*. Composite score 5 of 18 (one point per flag across 17 flags, capital below 7% counted twice).

## What the filing shows

| Measure | Value |
|---|---|
| Total assets | $156.9M |
| Members | 9,761 (-13.8% YoY) |
| Full-time staff | 38 |
| Net worth | $20.0M |
| Net worth ratio | 12.8% (p64 of band) |
| ROA (annualized) | 0.43% (p33 of band) |
| Total delinquency | 1.94% (p93 of band) |
| Net charge-offs (annualized) | 2.13% (p98 of band) |
| Loans / shares | 79% (p69 of band) |
| Cash / assets | 25.9% |
| Borrowings / assets | 0.00% |
| Net interest margin | 5.07% (p97 of band) |
| Operating expense / assets | 4.55% (p79 of band) |
| Vehicles % of loans | 29% (p36 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 85% |
| Third-party paper % of net worth | 248% (p91 of band) |
| Vehicle delinquency | 3.50% (p97 of band) |
| Vehicle NCO | 4.96% (p99 of band) |
| Repossessed % of vehicle book | 0.30% (p90 of band) |
| Real estate % of loans | 47% |
| Credit cards % of loans | 1% |
| Unsecured % of loans | 2% |
| Commercial % of net worth | 0% |
| Core shares % of member funds | 56% |
| Certificates % of member funds | 29% |
| Average share balance | $6,796 |
| Participations bought / yr | $19.5M |
| Participations sold / yr | $0 |
| Participations outstanding | $49.0M |
| Loans outstanding per 100 members | 86% |
| Loans granted per 100 members, annualized | 7% |
| Average loan balance | $12,661 |
| Loans granted, annualized | $25.1M |

## Participation posture (from the same filings)

Bought $19.5M and sold $0 in the latest annualized quarter; $49.0M outstanding purchased (245.0% of net worth), $0 sold and retained. Sold in 0 and bought in 7 of the last 8 quarters. Shares -7.7% year over year.

## Flags firing in the latest filing

- **delinquency 2x band** (`aq_dq_high`)
- **charge-offs p90** (`aq_nco_high`)
- **assets shrinking** (`shrink_assets`)
- **members leaving** (`shrink_members`)
- **3rd-party paper>100% NW** (`str_thirdparty`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2024-03 | 4 | delinquency 2x band, charge-offs p90, repo signal, 3rd-party paper>100% NW |  |
| 2024-06 | 3 |  | repo signal |
| 2024-09 | 4 | repo signal |  |
| 2024-12 | 3 |  | repo signal |
| 2025-03 | 6 | net worth falling, margin squeeze, members leaving, loan book shrinking | charge-offs p90 |
| 2025-06 | 5 |  | loan book shrinking |
| 2025-09 | 6 | charge-offs p90, loan book shrinking | net worth falling |
| 2025-12 | 5 |  | loan book shrinking |
| 2026-03 | 5 | assets shrinking | margin squeeze |

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

- 2024-12-23 [2025 Power Book: Credit Unions - oregonbusiness.com](https://news.google.com/rss/articles/CBMiaEFVX3lxTE12NWlERjQ4Qjhhb2s3cVdRVHVYV0prNjZUS3NROUpPaU90ZGxPOG8yMWFQM3cyb0ZEVERzRFhQZmVEbzNpOTNLbnBFNzc4S1dzNktGVWtMcm5NU3dLUGJlWi1GdDhQWldh?oc=5) · oregonbusiness.com
- 2026-03-10 [Events: March 11, 2026 - Lebanon Local](https://news.google.com/rss/articles/CBMiZEFVX3lxTE1ES0sybDJzU1I1c3J2clR6NU53UnVLOWpoTGpNMm9GMHZoeGtVZFNlaGVTa2sxZ05yX3BPenlpOVVDczBJRHp6ZFZvRVVqU2daUXU5SHlhWTZDWjdtbUowNzNkaEk?oc=5) · Lebanon Local
- 2026-06-16 [Scene Around Town(s): June 17, 2026 - The New Era | Sweet Home, OR](https://news.google.com/rss/articles/CBMib0FVX3lxTE5hcnM2UmlYd3o3NmZmMVkyZ3ROU1JoZ2ZxYmxMajJTWldzd1R2QVpHVmhWcXN0Z0EtcFoxUy0yMzduNUY3VUVFWWpCR3AxNHlVMDh6OExDcVYzeFkxaU84NFlfSWlfeXRmVml1VUN3cw?oc=5) · The New Era | Sweet Home, OR
- 2025-10-09 [Powerlist: Credit Unions - oregonbusiness.com](https://news.google.com/rss/articles/CBMiYEFVX3lxTFBHNGdGRndIcGtFMTVKM280WTh6cWYwRE9QZVpkcktRT2kwSDh4WWd6ZEktVGZ2V3l6U3dDNGxJUzBsazUySmtOS3pkaEU1aGFWTlhvMmZhQVFBVWhZaUVMNA?oc=5) · oregonbusiness.com
- 2018-12-03 [Hootie and the Blowfish Announce First Tour in More Than a Decade - Rolling Stone](https://news.google.com/rss/articles/CBMitAFBVV95cUxPTjViTTY3MWVBdDZEMUpOLVh3Z1ZLMXhrT3dnZDhtS25WMlJjbTZNQVdqQU5BQ1N6eVk2YWFkOVZtbmloNjM4aU4zMkdxZzQyLUVzMkgxNURUREw2NVYxcFlvZzRjaE81QWxRcDVRYzYwZFBNY29TRFhJSmt4REZ2TEk3WU94NXd3aXVWelh2a2I2cGFTZDVzbVBQLV9uZHN3S0ZhRW95MUpkRUJQYU9WTU9ZU3o?oc=5) · Rolling Stone
- 2021-10-04 [Orange County Beaches Closed Due To 'Disastrous' 126K Oil Spill - Patch](https://news.google.com/rss/articles/CBMirwFBVV95cUxPemtUS19YQUZwMkwxWFpQcUstbk9zVnU2M19LeHkyd0Q4VGYzeFRUM3A1ZDNvWExMTTRGRGdmSk82Zk9iWjNmZk5kNmY3Q0xvX1JaSHhPYWRyYXJqdk9lRFJfbnlVZHoxeV92V3BERW0zWVpiWUJ2dF9FcTJLVWdJYXotU2VrcTZRQl9uOTVTajZqY21iVE1USHdXbUxZaHJ1SUhDZ2llLW9lT0FIa0NR?oc=5) · Patch
- 2022-03-19 [On the record for March 19 - Seymour Tribune](https://news.google.com/rss/articles/CBMia0FVX3lxTE5kUUZaQURvNC1QeGw1MUZ3azJmQWtfdm5RaElKVUV2QjEtUFdhNU5aaGdxSGNITEozenJVVkVXX3pOeUlYVnlfTzc1QzB1M0FFTGF5Zm5CdVZEVV8zSnd0RnI4ekhoMElVZWtn?oc=5) · Seymour Tribune
- 2025-05-22 [Chris Kiefer-Cioffi Obituary (2025) - Wallingford, VT - Aldous Funeral Home & Cremation Service - Rutland - legacy.com](https://news.google.com/rss/articles/CBMiigFBVV95cUxNTmJnR1kxVjFONVI4Q3ZIMVVxRVU0RGx5bTZER0VqbHFGMEphdDA0eXdoUDVDcWtsaGhiUlBwdjJFcUo1dzFGa1FaUnkxX2xTY0lCRkxLWnNDZEdlX3N4RURLV3pIRDlqdENGQ09LZm1ySXRIbEV3aEY1a1RnQXIzaEctdjRrMVRLZUE?oc=5) · legacy.com

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=68739 (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/3.json (key "68739", 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=68739
- 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.

---
Rendered 2026-09-10 from the desks' own data files. Full guide: https://getbookiq.com/guide