# ARIZONA COPPER
Kearny, AZ · NCUA charter 9951 · asset band <$50M · latest filing 2024-06 · stopped filing after 2024-06 (departed; for a credit union that is almost always a merger)
Share link (named URL with a preview card): https://getbookiq.com/cu/arizona-copper-9951

Who the members are: federal charter, multiple common bond, organized 1955, low-income designated. 2,202 members of 5,000 potential (44.0% of the field); checking penetration 76% (share draft accounts per 100 members); loans per 100 members 295.

**Verdict on the desk:** this could be *stressed*. Composite score 10 of 18 (one point per flag across 17 flags, capital below 7% counted twice).

## What the filing shows

| Measure | Value |
|---|---|
| Total assets | $14.4M |
| Members | 2,202 (-2.5% YoY) |
| Full-time staff | 7 |
| Net worth | $558,575 |
| Net worth ratio | 3.9% (p0 of band) |
| ROA (annualized) | -2.84% (p4 of band) |
| Total delinquency | 2.96% (p87 of band) |
| Net charge-offs (annualized) | 3.54% (p97 of band) |
| Loans / shares | 69% (p59 of band) |
| Cash / assets | 32.7% |
| Borrowings / assets | 0.00% |
| Net interest margin | 5.88% (p95 of band) |
| Operating expense / assets | 9.04% (p98 of band) |
| Vehicles % of loans | 56% (p41 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 0% |
| Third-party paper % of net worth | 0% (p43 of band) |
| Vehicle delinquency | 2.49% (p85 of band) |
| Vehicle NCO | 2.59% (p97 of band) |
| Repossessed % of vehicle book | 0.00% (p46 of band) |
| Real estate % of loans | 13% |
| Credit cards % of loans | 0% |
| Unsecured % of loans | 21% |
| Commercial % of net worth | 0% |
| Core shares % of member funds | 96% |
| Certificates % of member funds | 4% |
| Average share balance | $3,243 |
| Participations bought / yr | $0 |
| Participations sold / yr | $0 |
| Participations outstanding | – |
| Loans outstanding per 100 members | 295% |
| Loans granted per 100 members, annualized | 21% |
| Average loan balance | $1,439 |
| Loans granted, annualized | $2.6M |

## Flags firing in the latest filing

- **thin capital** (`cap_low`)
- **capital below 7%** (`cap_critical`)
- **net worth falling** (`cap_falling`)
- **losing money** (`earn_negative`)
- **expense trap** (`earn_opex`)
- **delinquency 2x band** (`aq_dq_high`)
- **charge-offs p90** (`aq_nco_high`)
- **assets shrinking** (`shrink_assets`)
- **loan book shrinking** (`shrink_loans`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 5 | losing money, expense trap, delinquency 2x band, charge-offs p90, auto monoline |  |
| 2016-06 | 6 | repo signal |  |
| 2016-09 | 5 |  | repo signal |
| 2016-12 | 5 |  |  |
| 2017-03 | 5 | net worth falling, margin squeeze, members leaving | losing money, charge-offs p90, auto monoline |
| 2017-06 | 3 |  | net worth falling, members leaving |
| 2017-09 | 4 | delinquency rising |  |
| 2017-12 | 6 | thin capital, losing money |  |
| 2018-03 | 5 | charge-offs p90 | margin squeeze, losing money |
| 2018-06 | 6 | assets shrinking |  |
| 2018-09 | 5 |  | delinquency rising |
| 2018-12 | 4 |  | thin capital |
| 2019-03 | 6 | thin capital, members leaving |  |
| 2019-06 | 6 | loan book shrinking | thin capital |
| 2019-09 | 7 | thin capital, losing money | charge-offs p90 |
| 2019-12 | 8 | net worth falling, margin squeeze, charge-offs p90 | assets shrinking, losing money |
| 2020-03 | 7 | losing money, delinquency rising | members leaving, loan book shrinking, charge-offs p90 |
| 2020-06 | 8 | members leaving |  |
| 2020-09 | 8 | capital below 7% | delinquency rising, members leaving |
| 2020-12 | 8 |  |  |
| 2021-03 | 7 |  | losing money |
| 2021-06 | 7 | charge-offs p90 | net worth falling |
| 2021-09 | 5 |  | margin squeeze, charge-offs p90 |
| 2021-12 | 5 |  |  |
| 2022-03 | 6 | members leaving |  |
| 2022-06 | 7 | delinquency rising, charge-offs p90 | members leaving |
| 2022-09 | 7 |  |  |
| 2022-12 | 8 | net worth falling |  |
| 2023-03 | 7 | losing money | delinquency rising, net worth falling |
| 2023-06 | 7 |  |  |
| 2023-09 | 8 | assets shrinking |  |
| 2023-12 | 9 | loan book shrinking |  |
| 2024-03 | 9 | net worth falling | assets shrinking |
| 2024-06 | 10 | assets shrinking |  |

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

- 2025-10-17 [Copper State Credit Union's new CFO Joel Gallon aims for $1 billion in assets within five years - The Business Journals](https://news.google.com/rss/articles/CBMigwFBVV95cUxQaUFfS3NlSnlNNFpBbVR5ai02dDFaOXhnbHlWSWR0WkV4S2pDdUppTXppZUdyZFMxUTA5ZDJEV2NsZnhyV05RcmstMy1UaF9oNHZYZEZvTl9FMzFhTGp1NkRiMTlyMEFna191aHA4aGkxdjAxQ1gwbm45cm93RXo2ZmRTaw?oc=5) · The Business Journals
- 2024-04-19 [Arizona Copper Federal Credit Union and American Southwest Credit Union announce merger, expansion - GilaValleyCentral](https://news.google.com/rss/articles/CBMixwFBVV95cUxQSWxqYWdzQWNDM1FMLWhKOFJpS1JZWXFMc0YtckdfSUp1SEhrMFk3RFhHdWpRMXgtLVNVY0s4TDFqSlpwVkR4ejQxMjY1emFIMlFaZnNBaHZnVmhXSDFoMEpHbTZVZ2NEWHBURjVpZlVTM013Y1poSS1DTHNxRDIzNEQ5NUFNNFBaSm5WNDFoYkxnaWVyQVFoV3IyMEI3d1FrdEpfc2dVTW9URWdlU0M3a2JKTGw2ZGE2SGVKVlVhT1hzLUphX0FV?oc=5) · GilaValleyCentral
- 2025-03-24 [Aleynia Boatman: Real Life Wonder Woman - Copper Area News Publishers](https://news.google.com/rss/articles/CBMib0FVX3lxTE5hQy03V0ZsNzlRQXlnWFhtZTV2Rl9mTnFzUnNOUVJrdEN6cHdwSWpsdnBkOTRpRVBJMGxieGJhaUpxa2RPZGRZTzNTbnh3QUpZeGlJbTQtNVFHdWZ5QnJweEpyTHJEVVFwZ2VwbEVuYw?oc=5) · Copper Area News Publishers

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=9951 (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/31.json (key "9951", 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=9951
- 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