# SOUTHWEST
Albuquerque, NM · NCUA charter 964 · asset band $50-100M · latest filing 2025-06 · stopped filing after 2025-06 (departed; for a credit union that is almost always a merger)
Share link (named URL with a preview card): https://getbookiq.com/cu/southwest-964

Who the members are: federal charter, multiple common bond, organized 1936, low-income designated, minority depository institution. 4,274 members of 8,548 potential (50.0% of the field); checking penetration 60% (share draft accounts per 100 members); loans per 100 members 80.

**Verdict on the desk:** this could be *too clean*. Composite score 6 of 18 (one point per flag across 17 flags, capital below 7% counted twice).

## What the filing shows

| Measure | Value |
|---|---|
| Total assets | $78.1M |
| Members | 4,274 (-3.1% YoY) |
| Full-time staff | 21 |
| Net worth | $4.7M |
| Net worth ratio | 6.1% (p0 of band) |
| ROA (annualized) | -0.77% (p3 of band) |
| Total delinquency | 0.03% (p5 of band) |
| Net charge-offs (annualized) | 0.34% (p57 of band) |
| Loans / shares | 42% (p15 of band) |
| Cash / assets | 30.5% |
| Borrowings / assets | 0.00% |
| Net interest margin | 2.64% (p10 of band) |
| Operating expense / assets | 4.11% (p73 of band) |
| Vehicles % of loans | 17% (p10 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 0% |
| Third-party paper % of net worth | 38% (p70 of band) |
| Vehicle delinquency | 0.15% (p21 of band) |
| Vehicle NCO | 0.02% (p23 of band) |
| Repossessed % of vehicle book | 0.00% (p39 of band) |
| Real estate % of loans | 32% |
| Credit cards % of loans | 7% |
| Unsecured % of loans | 22% |
| Commercial % of net worth | 0% |
| Core shares % of member funds | 55% |
| Certificates % of member funds | 26% |
| Average share balance | $9,246 |
| Participations bought / yr | $1.1M |
| Participations sold / yr | $0 |
| Participations outstanding | – |
| Loans outstanding per 100 members | 80% |
| Loans granted per 100 members, annualized | 27% |
| Average loan balance | $9,395 |
| Loans granted, annualized | $3.8M |

## Flags firing in the latest filing

- **thin capital** (`cap_low`)
- **capital below 7%** (`cap_critical`)
- **net worth falling** (`cap_falling`)
- **losing money** (`earn_negative`)
- **members leaving** (`shrink_members`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 2 | thin capital, losing money |  |
| 2016-06 | 2 |  |  |
| 2016-09 | 1 |  | losing money |
| 2016-12 | 3 | net worth falling, losing money |  |
| 2017-03 | 2 |  | losing money |
| 2017-06 | 1 |  | net worth falling |
| 2017-09 | 1 |  |  |
| 2017-12 | 2 | delinquency rising |  |
| 2018-03 | 3 | delinquency 2x band |  |
| 2018-06 | 2 | net worth falling | delinquency rising, delinquency 2x band |
| 2018-09 | 3 | delinquency rising |  |
| 2018-12 | 1 |  | net worth falling, delinquency rising |
| 2019-03 | 1 |  |  |
| 2019-06 | 3 | delinquency 2x band, delinquency rising |  |
| 2019-09 | 1 |  | delinquency 2x band, delinquency rising |
| 2019-12 | 1 |  |  |
| 2020-03 | 1 |  |  |
| 2020-06 | 3 | net worth falling, delinquency 2x band |  |
| 2020-09 | 2 | delinquency rising | net worth falling, delinquency 2x band |
| 2020-12 | 1 |  | delinquency rising |
| 2021-03 | 5 | capital below 7%, net worth falling, margin squeeze |  |
| 2021-06 | 1 |  | capital below 7%, net worth falling, margin squeeze |
| 2021-09 | 1 |  |  |
| 2021-12 | 1 |  |  |
| 2022-03 | 1 |  |  |
| 2022-06 | 1 |  |  |
| 2022-09 | 1 |  |  |
| 2022-12 | 1 |  |  |
| 2023-03 | 3 | losing money, members leaving |  |
| 2023-06 | 4 | delinquency rising |  |
| 2023-09 | 4 | assets shrinking | losing money |
| 2023-12 | 4 |  |  |
| 2024-03 | 3 | losing money | members leaving, assets shrinking |
| 2024-06 | 4 | net worth falling |  |
| 2024-09 | 6 | capital below 7%, margin squeeze | delinquency rising |
| 2024-12 | 5 |  | margin squeeze |
| 2025-03 | 6 | members leaving |  |
| 2025-06 | 6 |  |  |

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

- 2026-08-27 [El Paso credit union wins approval to purchase Roswell-based Bank of the Southwest - Albuquerque Journal](https://news.google.com/rss/articles/CBMixAFBVV95cUxNTEVCSS1pSVBVb3hieV8tb2RkNC1oWGVCbTBlRlIxcE5xMlZqdWsxNWhicUVFR1NWNkpQcWNMQTZfN2hmQUNmN0puUEtDdDRwQmprdDM2dndDLVYwY3hpOVVWc19YMHRDa0liTEJZdlJvS3ZuM0pHZ094MUpnb244T19FNmhUVXlRYkZTU2I2Q290QU40NkxUOGxBY3Q1YW5rd2h0YmMwQmRJN01HbHNXVWsydFp5NTNzcWZ0dWlRa1ZXenVX?oc=5) · Albuquerque Journal
- 2025-11-17 [GECU announces intent to acquire Bank of the Southwest, expand in New Mexico - CUInsight](https://news.google.com/rss/articles/CBMitwFBVV95cUxQODJmTUhnaVpkeEVPRmNCMk40dW1vdmttTUVtdG5zSmQ2azh4RXlmTHVkMG5iUWJmeU1tUkpwY1p5Y3V5VDdoUHJNNEhoempwN2M0V25jTlN3ZGpHZXVuc3NnNGVkdE10RGUxcmdXdWZ0dGlqeC1nSGoySG9OUGRybTBvQVp3Z2kzV01leW80ekRuYnBPYS1HYkxOZm1SVmcwYXluRG0xWTMzU2x2a0hWYzZaM2xHMVU?oc=5) · CUInsight
- 2025-11-18 [El Paso credit union to buy 11-branch bank - Banking Dive](https://news.google.com/rss/articles/CBMiiwFBVV95cUxOdUdFMjBLWkx1cHl1UXZveWNXSUtNZWwzeFlpdzM1LXp3WEhEb0k0UzZXWk95eEZPNGgybVpJVVpnVDJPNno1WWlvbUNTUmJCY1pTc3V6dEFINVhCT2ViRFJERHpvSVpWS2FUUnJBck4yYmhtV2NfdVlGT1NrbVJMTXpoMUFtam9TenRR?oc=5) · Banking Dive
- 2026-09-01 [Sunward Awards $25,000 in Scholarships to Students Across the Southwest - PR Newswire](https://news.google.com/rss/articles/CBMixAFBVV95cUxQTFg4UUlvT2M4V3djSGd6UTJQcnRLQnZYM1lvS0ZvUXo3S19NYzFTejl4WE1Hd0Z2Y19zSktPalBWMGM1SGtfUWNPSGFiWm44bERPMUJINTBRS1duV1NGYU5tZ242UDBJRjRIZTN6OUxWd3Y1bmV1SGoxbVVjcXB1dHZEd0tLSC1kVzFlQTdwLURYLURpazBJNEN4Q1pLSUdNMGlUVm5adE1UOFE3UnNrbGV0VmZzVGp5MWxQQ01Td0N4RVE5?oc=5) · PR Newswire
- 2026-07-10 [America First Federal Credit Union and Meadows Bank Consummate Transaction - Yahoo Finance](https://news.google.com/rss/articles/CBMioAFBVV95cUxPa3ZJMFREdjV0X2U1UllaMURwRWpMa2JZcWQ2NnJ6VFg1TGFzNjdQWDVZZ3padUpMbkpZbDJuMTEtS0RfSkNndVNLOFZkS25ma1E3Zlh6aHBKRXZmckExaUVQYTRXZHN1cjQtVnZzdnhtMWw3aTZxSmFQbmZhZXlXaWVja2tGTm1tRms5ZE9ObC01Z1pPb0JvMVRHekctRTA4?oc=5) · Yahoo Finance
- 2025-11-18 [New Mexico bank to be acquired by Texas-based federal credit union - The Business Journals](https://news.google.com/rss/articles/CBMirgFBVV95cUxONGlwMG9vcFdhSU1iaENyT2ZoREdHcDBJRU1JZWZDelF1RE90a1RfN1N3MXBBQmhtMlRSVzNVVUlIeWhrWEhIZHBDZ3cyRmRQcE9nMmNBS0drQmx4S1E3N05aOW1wVUNXMHljY1hjR1AyNkVxTlk4ZDRua3I2Z1FQQld3WVQzb3ZRcno2S2xqZ214aXZtTWV0MWxZZFdCc1BRRm5jY0lwejI4WTNyd3c?oc=5) · The Business Journals
- 2025-11-19 [El Paso financial giant GECU buying New Mexico's 11-branch Bank of the Southwest - El Paso Times](https://news.google.com/rss/articles/CBMi2AFBVV95cUxOSHByeTd1SFgta28teUF3N0hZdk5BQWZ3Q0JrTEZ6Uk5BZmJ5dXpaVHFxb015RC1GYWtycVRKY0p0SEVPdVo4c25ucTh1bGlOQ0FnNXdpeXdYX25rRUphYkN2bnZnVC1FaVE5SmxrZFBvakMtUVN5VXBfVldGUkt2OFBDQlN6MVZNQlBiQ3hDd1I3RTZvMmdJc1RvUDhOTlZpQUh2MmxON0U1d2tBcjNKX3M5VGhtTlVPaVg1TXZYYVc3NXJSVEZ0MUlSMXJCTjNqTW15bUFSNVo?oc=5) · El Paso Times
- 2024-08-16 [U.S. Eagle Federal Credit Union to buy Southwest Capital Bank - KRQE](https://news.google.com/rss/articles/CBMinwFBVV95cUxQWWhOS2RJQzlyTzFKYndFdkRkZzlOZmNvU21KUllMVmVwUlg1M0VZbF9SR3QtUzVLUDZRQ0dfUnRoVzJ0dnZRNVBBN3o4TmhNZ0NxS3BXRzJOcTBOVzhUVXp0aFBNUzZ0a0w1NzFmZG9CTm5FZDYtbHFQQnlWOEZPcEF1Um85WXhGeFRJeTA4cHE4SElYVDhfaC1vV1hkUkXSAaQBQVVfeXFMTXdBY2dveE53TkN6SGYyWTRRaWZDMFJsVERFeE5yWXVNUGRUWGpGb2s2MU1tRWd3dG9aajFUeWh6RXFfS3I2MXprMjVjUm16dTUxWlpLbm5GYTFQbGh6dm4tQ29WbmR4dUJSVDM1SlR2d3FTX3dGSm8wR3dXblRMWkdXRG5TRzM2RG8tYmkwV2txOHpEaFJlbG9HclljeFFmdXRCUmo?oc=5) · KRQE

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=964 (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/4.json (key "964", 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=964
- 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