# TACOMA NARROWS
RUSTON, WA · NCUA charter 7104 · asset band <$50M · latest filing 2022-09 · stopped filing after 2022-09 (departed; for a credit union that is almost always a merger)
Share link (named URL with a preview card): https://getbookiq.com/cu/tacoma-narrows-7104

Who the members are: federal charter, multiple common bond, organized 1951, low-income designated. 825 members of 2,000 potential (41.3% of the field); checking penetration 14% (share draft accounts per 100 members); loans per 100 members 29.

**Verdict on the desk:** this could be *stressed*. Composite score 9 of 18 (one point per flag across 17 flags, capital below 7% counted twice).

## What the filing shows

| Measure | Value |
|---|---|
| Total assets | $8.8M |
| Members | 825 (-3.5% YoY) |
| Full-time staff | 2 |
| Net worth | $1.2M |
| Net worth ratio | 14.1% (p63 of band) |
| ROA (annualized) | -1.83% (p3 of band) |
| Total delinquency | 1.82% (p81 of band) |
| Net charge-offs (annualized) | 1.08% (p92 of band) |
| Loans / shares | 32% (p21 of band) |
| Cash / assets | 70.7% |
| Borrowings / assets | 1.64% |
| Net interest margin | 1.95% (p26 of band) |
| Operating expense / assets | 3.52% (p68 of band) |
| Vehicles % of loans | 80% (p85 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 0% |
| Third-party paper % of net worth | 0% (p42 of band) |
| Vehicle delinquency | 2.04% (p85 of band) |
| Vehicle NCO | 0.43% (p85 of band) |
| Repossessed % of vehicle book | 0.00% (p47 of band) |
| Real estate % of loans | 0% |
| Credit cards % of loans | 0% |
| Unsecured % of loans | 4% |
| Commercial % of net worth | 0% |
| Core shares % of member funds | 90% |
| Certificates % of member funds | 8% |
| Average share balance | $8,338 |
| Participations bought / yr | $0 |
| Participations sold / yr | $0 |
| Participations outstanding | – |
| Loans outstanding per 100 members | 29% |
| Loans granted per 100 members, annualized | 9% |
| Average loan balance | $10,241 |
| Loans granted, annualized | $1.3M |

## Flags firing in the latest filing

- **net worth falling** (`cap_falling`)
- **losing money** (`earn_negative`)
- **margin squeeze** (`earn_nim_squeeze`)
- **delinquency 2x band** (`aq_dq_high`)
- **delinquency rising** (`aq_dq_rising`)
- **charge-offs p90** (`aq_nco_high`)
- **members leaving** (`shrink_members`)
- **loan book shrinking** (`shrink_loans`)
- **auto monoline** (`str_vehicle`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 1 | auto monoline |  |
| 2016-06 | 2 | repo signal |  |
| 2016-09 | 2 | net worth falling | repo signal |
| 2016-12 | 3 | repo signal |  |
| 2017-03 | 5 | losing money, delinquency rising |  |
| 2017-06 | 2 | assets shrinking | net worth falling, repo signal, losing money, delinquency rising |
| 2017-09 | 3 | delinquency rising |  |
| 2017-12 | 3 |  |  |
| 2018-03 | 3 |  |  |
| 2018-06 | 3 | net worth falling, repo signal | assets shrinking, delinquency rising |
| 2018-09 | 1 |  | net worth falling, repo signal |
| 2018-12 | 2 | delinquency rising |  |
| 2019-03 | 1 |  | delinquency rising |
| 2019-06 | 1 |  |  |
| 2019-09 | 2 | net worth falling |  |
| 2019-12 | 2 | repo signal | net worth falling |
| 2020-03 | 5 | losing money, delinquency rising, charge-offs p90 |  |
| 2020-06 | 3 |  | losing money, charge-offs p90 |
| 2020-09 | 4 | members leaving, loan book shrinking | repo signal |
| 2020-12 | 4 | net worth falling | members leaving |
| 2021-03 | 1 |  | delinquency rising, loan book shrinking, net worth falling |
| 2021-06 | 2 | margin squeeze |  |
| 2021-09 | 6 | delinquency rising, repo signal, assets shrinking, members leaving, loan book shrinking | margin squeeze |
| 2021-12 | 5 |  | repo signal |
| 2022-03 | 8 | net worth falling, losing money, charge-offs p90 |  |
| 2022-06 | 8 | delinquency 2x band | charge-offs p90 |
| 2022-09 | 9 | margin squeeze, charge-offs p90 | assets shrinking |

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

- 2023-11-16 [New branches of regional credit union to open in Tacoma, Gig Harbor. Here are details - thenewstribune.com](https://news.google.com/rss/articles/CBMidEFVX3lxTE96SHpHR0FIMmVTLXZ5a1V5M29lS29EWE5BYmxvZHc4UHRnNWRKMkwwdFNaV0k5WkpBNk1Obm1DYWd2ckVTQ0x6U0xycHFrWldqSE5WLXJwNFQ4RXh2T2lMaElEMGtUU1JPbzNXREpWTGVMa1840gF0QVVfeXFMTXg3LVFKU3VvSEJITGMtR3V0bDdFRDJwOW1XUHBocVR2TXJXbW9EX3VzSTFOdTZoQ29UZUxGbTNvRmZNTW5WYlpacUJ1a2VpMUg0LUdHSXo2cVNPVjA5VnFYM2dlODgxNXNZbTBFMlBKRW5KMkI?oc=5) · thenewstribune.com
- 2025-03-28 [BECU Opens New Financial Center in Tacoma - BECU](https://news.google.com/rss/articles/CBMidkFVX3lxTFBWSUF4LVg1SnJKU2RUdDNUVVdmbEcxbjZnZHI0V29EM09JS2Y1N0Z5YWVfLVB0UnU0dF82WUVRcDNVOTFEdDJIZE55WFZtak1TQzhYejNOUDRHU21rUzlvYjRJd2l1TVZEcUtOSUNWNkRKM1ctZ3c?oc=5) · BECU
- 2026-08-13 [Doris Adams Obituary Mar 27, 2018 - Altogether Funeral](https://news.google.com/rss/articles/CBMivwFBVV95cUxQOHl0UHhCQVpLRTBqRm15bERldDdEUi1VU0VPdmdaTWROVlkwZ0JDZTNoOWNEV053b3REWjNkQkpiS0ZxTW5ad3ZSUlBKUmhyVUlDSS1YYmVCdjNOMWcxR2pyN0ZUWkJVT0t4dFRSY1V1d0FPZGZfZHo2QlFGZEFSM3NEcVNzSmkzUnUzak5qb0M1VGVGbV82Q1NlYUNRUUxRRGlXMzh0aWJBRjFOMm1ZaUVIdWtwaEQtLTZWb1JYVQ?oc=5) · Altogether Funeral
- 2023-07-17 [This credit union is opening its first Gig Harbor branch. Here’s where it will be - thenewstribune.com](https://news.google.com/rss/articles/CBMikgFBVV95cUxPOG5hcjBvbFZoUjB6aHdIWlFDb2VocHJSYi1QYWRoTzJCU0s1eVpnS0Z5NkNKYzZHMDk4Z1RBaHNyNE1sYTdYSWV2aHRadUxOSHlnOEppaWhiVk5ONERxU0h5WnJXN2R1WEFpVzlONUtDMjRTaURad0NVZjNOOWs4VWJmWlY3T1JsZl91bnQtMmFNd9IBkgFBVV95cUxQQ0VnOWZ0ZFp0QW1WekJOQkVUcXQ1WEJ0Sk0yVFVxOWcxV19rQXZ2YVdvbS03bHJBV1lOQ3l1NVJpWGpfY2tBVk9PdXV0bUNWeThHejlTdVUyNGhwQlpMMkNaOGFyaWphLTR6NjYxWHNNeG1QYlRWMXN6QUhoZ3QxS1pYRWVwX3Iyak9DQnM0UjF1Zw?oc=5) · thenewstribune.com

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=7104 (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/0.json (key "7104", 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=7104
- 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