# MAC
Fairbanks, AK · NCUA charter 8080 · asset band $100-200M · latest filing 2026-03 · live
Share link (named URL with a preview card): https://getbookiq.com/cu/mac-8080

Who the members are: federal charter, community charter, organized 1952. 18,242 members of 216,216 potential (8.4% of the field); checking penetration 62% (share draft accounts per 100 members); loans per 100 members 57.

**Verdict on the desk:** this could be *ordinary*. Composite score 3 of 18 (one point per flag across 17 flags, capital below 7% counted twice).

## What the filing shows

| Measure | Value |
|---|---|
| Total assets | $175.9M |
| Members | 18,242 (1.7% YoY) |
| Full-time staff | 62 |
| Net worth | $20.0M |
| Net worth ratio | 11.4% (p46 of band) |
| ROA (annualized) | 0.96% (p66 of band) |
| Total delinquency | 1.13% (p78 of band) |
| Net charge-offs (annualized) | 1.94% (p97 of band) |
| Loans / shares | 88% (p87 of band) |
| Cash / assets | 11.9% |
| Borrowings / assets | 0.00% |
| Net interest margin | 5.43% (p98 of band) |
| Operating expense / assets | 6.17% (p97 of band) |
| Vehicles % of loans | 51% (p73 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 0% |
| Third-party paper % of net worth | 0% (p16 of band) |
| Vehicle delinquency | 1.41% (p83 of band) |
| Vehicle NCO | 4.21% (p98 of band) |
| Repossessed % of vehicle book | 0.14% (p82 of band) |
| Real estate % of loans | 10% |
| Credit cards % of loans | 5% |
| Unsecured % of loans | 8% |
| Commercial % of net worth | 16% |
| Core shares % of member funds | 51% |
| Certificates % of member funds | 32% |
| Average share balance | $4,445 |
| Participations bought / yr | $0 |
| Participations sold / yr | $0 |
| Participations outstanding | $368,817 |
| Loans outstanding per 100 members | 57% |
| Loans granted per 100 members, annualized | 9% |
| Average loan balance | $13,407 |
| Loans granted, annualized | $32.5M |

## Participation posture (from the same filings)

Bought $0 and sold $0 in the latest annualized quarter; $368,817 outstanding purchased (1.8% of net worth), $1.7M sold and retained. Sold in 3 and bought in 0 of the last 8 quarters. Shares -10.4% year over year.

## Flags firing in the latest filing

- **expense trap** (`earn_opex`)
- **charge-offs p90** (`aq_nco_high`)
- **assets shrinking** (`shrink_assets`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 4 | expense trap, charge-offs p90, repo signal, auto monoline |  |
| 2016-06 | 3 |  | repo signal |
| 2016-09 | 5 | delinquency 2x band, repo signal |  |
| 2016-12 | 4 |  | repo signal |
| 2017-03 | 6 | repo signal, members leaving |  |
| 2017-06 | 6 |  |  |
| 2017-09 | 6 |  |  |
| 2017-12 | 6 |  |  |
| 2018-03 | 5 |  | members leaving |
| 2018-06 | 6 | loans>95% of shares |  |
| 2018-09 | 7 | margin squeeze |  |
| 2018-12 | 7 | net worth falling | repo signal |
| 2019-03 | 5 |  | delinquency 2x band, loans>95% of shares |
| 2019-06 | 6 | loans>95% of shares |  |
| 2019-09 | 4 |  | margin squeeze, net worth falling |
| 2019-12 | 5 | members leaving |  |
| 2020-03 | 4 |  | loans>95% of shares |
| 2020-06 | 7 | net worth falling, margin squeeze, loans>95% of shares |  |
| 2020-09 | 6 |  | net worth falling |
| 2020-12 | 5 |  | members leaving |
| 2021-03 | 5 | net worth falling | loans>95% of shares |
| 2021-06 | 3 | loans>95% of shares | expense trap, margin squeeze, net worth falling |
| 2021-09 | 4 | expense trap |  |
| 2021-12 | 5 | net worth falling |  |
| 2022-03 | 3 |  | charge-offs p90, net worth falling |
| 2022-06 | 3 |  |  |
| 2022-09 | 7 | net worth falling, delinquency 2x band, delinquency rising, charge-offs p90 |  |
| 2022-12 | 4 |  | loans>95% of shares, net worth falling, delinquency 2x band |
| 2023-03 | 3 |  | charge-offs p90 |
| 2023-06 | 7 | net worth falling, losing money, delinquency 2x band, charge-offs p90 |  |
| 2023-09 | 7 | loans>95% of shares | delinquency rising |
| 2023-12 | 9 | delinquency rising, members leaving |  |
| 2024-03 | 7 | repo signal | net worth falling, losing money, members leaving |
| 2024-06 | 7 | losing money | auto monoline |
| 2024-09 | 8 | assets shrinking, loan book shrinking | loans>95% of shares |
| 2024-12 | 6 |  | delinquency rising, assets shrinking |
| 2025-03 | 3 | members leaving | delinquency 2x band, repo signal, losing money, loan book shrinking |
| 2025-06 | 5 | losing money, assets shrinking, loans>95% of shares | members leaving |
| 2025-09 | 6 | members leaving |  |
| 2025-12 | 6 | delinquency 2x band | loans>95% of shares |
| 2026-03 | 3 |  | losing money, members leaving, delinquency 2x band |

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

- 2026-06-03 [Members Approve CU1 Merger with MAC Federal Credit Union - Alaska Business Magazine](https://news.google.com/rss/articles/CBMioAFBVV95cUxQeEhzRmREcjBwLWswWkQyQVdVSjB0T3E2NXkyZERKS0htM2pDSkNYclRSbkdyZ1VYandGS3d6WEw4Q3ZCTkowX2pBSGF6TnlKNkt5WWN4WjlmeTB3RHB2RUFHZ1VOSVNzckVrNTJiN21WOWJjd0VrLTlxUWVnM0VrLXJIWE5oaXRIMkgxaXJhNUhJS2RfMjg1U285TUlXTWxp?oc=5) · Alaska Business Magazine
- 2026-03-09 [State regulators intend to approve merger of two Alaska credit unions - Alaska Beacon](https://news.google.com/rss/articles/CBMiqgFBVV95cUxOazgxWmgxM0ZTQ1JoMkUzdFFrZVRuSE1USy1hRHRNM2RqRlpsQ2xDb3JDYXlQLWdTdVVGVVBKUHU4N2o4VmplcVdSLXpNRnBwQkN1aGRFYUhfZXQ1OXRCWlJyOWVPOUJhaWxDTDU2Uzhoc0NEWHVzQ3ctbnBEeUxzVnp1RGdhV1JPd2lLQ19ZZk5uS3FjZlRwNVlfUEo2NWFlQ2hhc0l4azhjUQ?oc=5) · Alaska Beacon
- 2026-07-28 [Credit Union 1 (Alaska) Expands Collaboration with NCR Atleos Through Statewide ATM Branding in Circle K Stores - Business Wire](https://news.google.com/rss/articles/CBMi-gFBVV95cUxPeFZfNnlHdnpYUklaODJGVkNFNE9XYnhPRS1SY3VfdmpBbEtFM2dOLUJWTEg1OWNrQmxWcGY3aXVOWFg5WmJsOGc4c1lmRk5XVTBYNGFyMUFDLThwOUxTamc0elduRW9NR0lXTjNQdkZvekZiNmo0Y0ZPdWtNd3BZQlpRZTRRTzM5QVBWUGRkQ1JsU3I3Q0thdmNPazNxTl94elZCRmV3T3F5RzFQSHlwdGxzU3NJeGtWdmZvWVJqZ1RyNzlkdXlENUc0U1pVWUk4OHBkTnRHQk9KMGtTUmRfWDZ1bV93Sm5yVHRPbFNkSHY2SG5JYVRZVFFR?oc=5) · Business Wire
- 2026-01-08 [The Best Savings Accounts in Alaska for 2026 - MoneyRates](https://news.google.com/rss/articles/CBMidkFVX3lxTE9SLTFLa3lZSWtFdURPR0cybHgwdURyY2xhM2ozZHZYQlU3bWh2Q2FrV2ZsbU51bFgzSjFwcUMzVDVTSW11MnhPWkh5YlpSbEhFaXBwQkY4Q1hkZ0RGWGhSOGhqbk5RM0ZQZGpLYVUwQ0VKampBNXc?oc=5) · MoneyRates
- 2026-01-27 [Continued Expansion as Credit Union 1 Plans Homer Branch - Alaska Business Magazine](https://news.google.com/rss/articles/CBMioAFBVV95cUxOVTJVSTdpd0hyWi1yTzBRd09sWlRkenRhek9XUlYxTmU4b2VEU1VpWk94M3ROODNuai1pc1ZRSkg3aXZDaUh0Z3N6a3o0alBLT0Y4QWlyZGpHMkdPeC1MQ0JwWDEzR0thLXV2aVY2US1CM3poUWF3RW1iX1k4OEZRR2dzSHVaQ0JObkhuZTRNNWdqelZ4WVMzdWlvc1RVNk1H?oc=5) · Alaska Business Magazine
- 2026-07-28 [Credit Union 1 brands ATMs at 24 Circle K Alaska stores - scanx.trade](https://news.google.com/rss/articles/CBMisgFBVV95cUxNRFJ4Y1JnNEpabTVEUWtSTElFYy1QR0NIU1BlZUJYQjZqSWhhNzV3emJSYk9RVWxWRmNTMEx1TDFuUUV5WGYwMXQ2VkY4RklWQUhGUHJFNlJpMlFrSTV4OWxxWm53Q21aUi1IUmR6WTBZUHZTbHdXSjJRRjJRWkNTdkxCMkdYc2VFUjZmdV9xNFBtWDBQM2k3VGdUNFdrTEF5S2RtUUI5WmlJaHNfOXJGMWdB?oc=5) · scanx.trade
- 2026-07-19 [Man Charged with Killing Former Co-Worker 3 Decades Ago After Anonymous Confession - People.com](https://news.google.com/rss/articles/CBMirwFBVV95cUxQQWxGbU04Wk8zVXl4M1hRZFEwc1BNUXc1XzBCeUdCLXNmOWMwMXJsMFVnaUVfSDFScFlXa29hMGFEd2xkeEtwakV5anJWRXFydXRNODFxbVdOS1lpRTJzeEhDekZpNVFhNjhtLUE5RDFzYUV1QlBTVUllaWZ1eXJrVl9MTWJWRUx4NF9jQ2ZLYTVMY0RHRUVFNDJhUXBiYm5IR3hIXzBSMjhac2lGRGlR?oc=5) · People.com
- 2025-03-12 [CU1 to Merge with MAC Federal Credit Union - Alaska Business Magazine](https://news.google.com/rss/articles/CBMijgFBVV95cUxOVjFMOGxNLVc1RkJPOElTU3hfd3pFQTJfUWgxQm5Ka0pQZ1dfckVubTdmS2lQdDdIakljeXFyYmt1WE5EOGxyYUkxM19tbGM1STZ5Sy04YnpRc09OYUIydnZHNDFfVWQySmctbjdYZUFITW9LbUZIc3pFZS1DbGk2YlBVWEUtNmlWdmFJaVBn?oc=5) · Alaska Business Magazine

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=8080 (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/16.json (key "8080", 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=8080
- 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