# BAY
Capitola, CA · NCUA charter 12067 · asset band $1-10B · latest filing 2026-03 · live
Share link (named URL with a preview card): https://getbookiq.com/cu/bay-12067

Who the members are: federal charter, community charter, organized 1957, low-income designated. 97,218 members of 764,807 potential (12.7% of the field); checking penetration 60% (share draft accounts per 100 members); loans per 100 members 43.

**Verdict on the desk:** this could be *indirect buyer*. Composite score 1 of 18 (one point per flag across 17 flags, capital below 7% counted twice).

## What the filing shows

| Measure | Value |
|---|---|
| Total assets | $1.89B |
| Members | 97,218 (5.0% YoY) |
| Full-time staff | 259 |
| Net worth | $183.8M |
| Net worth ratio | 9.7% (p27 of band) |
| ROA (annualized) | 0.89% (p65 of band) |
| Total delinquency | 0.17% (p6 of band) |
| Net charge-offs (annualized) | 0.42% (p38 of band) |
| Loans / shares | 69% (p14 of band) |
| Cash / assets | 13.2% |
| Borrowings / assets | 0.00% |
| Net interest margin | 3.31% (p49 of band) |
| Operating expense / assets | 2.93% (p35 of band) |
| Vehicles % of loans | 35% (p68 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 67% |
| Third-party paper % of net worth | 151% (p54 of band) |
| Vehicle delinquency | 0.25% (p15 of band) |
| Vehicle NCO | 0.77% (p36 of band) |
| Repossessed % of vehicle book | 0.19% (p80 of band) |
| Real estate % of loans | 51% |
| Credit cards % of loans | 3% |
| Unsecured % of loans | 5% |
| Commercial % of net worth | 18% |
| Core shares % of member funds | 69% |
| Certificates % of member funds | 19% |
| Average share balance | $8,311 |
| Participations bought / yr | $0 |
| Participations sold / yr | $0 |
| Participations outstanding | $17.9M |
| Loans outstanding per 100 members | 43% |
| Loans granted per 100 members, annualized | 11% |
| Average loan balance | $28,347 |
| Loans granted, annualized | $395.2M |

## Participation posture (from the same filings)

Bought $0 and sold $0 in the latest annualized quarter; $17.9M outstanding purchased (9.7% of net worth), $8,090 sold and retained. Sold in 0 and bought in 4 of the last 8 quarters. Shares 7.2% year over year.

## Flags firing in the latest filing

- **3rd-party paper>100% NW** (`str_thirdparty`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 2 | thin capital, 3rd-party paper>100% NW |  |
| 2016-06 | 2 |  |  |
| 2016-09 | 2 |  |  |
| 2016-12 | 2 |  |  |
| 2017-03 | 2 |  |  |
| 2017-06 | 2 |  |  |
| 2017-09 | 2 |  |  |
| 2017-12 | 2 |  |  |
| 2018-03 | 2 |  |  |
| 2018-06 | 2 |  |  |
| 2018-09 | 1 |  | thin capital |
| 2018-12 | 1 |  |  |
| 2019-03 | 1 |  |  |
| 2019-06 | 1 |  |  |
| 2019-09 | 1 |  |  |
| 2019-12 | 1 |  |  |
| 2020-03 | 2 | net worth falling |  |
| 2020-06 | 4 | thin capital, margin squeeze |  |
| 2020-09 | 4 |  |  |
| 2020-12 | 4 |  |  |
| 2021-03 | 4 |  |  |
| 2021-06 | 3 |  | net worth falling |
| 2021-09 | 2 |  | margin squeeze |
| 2021-12 | 2 |  |  |
| 2022-03 | 2 |  |  |
| 2022-06 | 3 | delinquency rising |  |
| 2022-09 | 3 |  |  |
| 2022-12 | 3 |  |  |
| 2023-03 | 2 |  | delinquency rising |
| 2023-06 | 1 |  | thin capital |
| 2023-09 | 2 | assets shrinking |  |
| 2023-12 | 1 |  | assets shrinking |
| 2024-03 | 1 |  |  |
| 2024-06 | 1 |  |  |
| 2024-09 | 1 |  |  |
| 2024-12 | 1 |  |  |
| 2025-03 | 2 | net worth falling |  |
| 2025-06 | 2 | delinquency rising | net worth falling |
| 2025-09 | 2 |  |  |
| 2025-12 | 1 |  | delinquency rising |
| 2026-03 | 1 |  |  |

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

- 2026-02-25 [North Bay Credit Union completes merger with Illinois credit union - The Press Democrat](https://news.google.com/rss/articles/CBMirAFBVV95cUxNQ3oybk9MNGFfRXk2ZlZ6Z1ViLU0tS2MwYUVSSTVYUEZtSHg3a3B1TUNLaGhhWTFLU1h4V0VCRnNlcjk4WjVNazJDRTVzR21uQnh0X1NiWm00NmJqelZBZGtzaXFEcGx0RExzbHZiaEsyaTZBTk0xNnpuSFlKS05PcjRmbVlkWU92RlpSQXloMV92VDJMRVdwcks1bW41eXVtb0pZNUJGaW9MUUN2?oc=5) · The Press Democrat
- 2026-04-02 [Corporate America Family Credit Union rebrands as Alero Financial following strategic merger with North Bay Credit Union - CUInsight](https://news.google.com/rss/articles/CBMi8wFBVV95cUxPcElrR2p2RWNEX2I3d295Y1k3U3hoZzBrNkZLYlpoQXRoeHVPSVVPSWxCVnJuYWc1bV9RLThvNUg2c2g5SlRKb2VTTnRVZXV4YVZzQlpTdFJnYjc4Q3VPUEdiY2Y4dlVtaXowaXZpRWYtemFvRHVUdGRJdGlvQVc4SmJ5SFp3MGdnUVlMbjcxNXVOaDRaTGdxbHdldEhiR294R015cElNRU54RThrMlVtYTJIN08zU0V0cFo4S3NUZGs5NDZXdHpUdHNmNVlGTmE4bGtXTFItcEd6WllUaVVRMF9FVzB0WkltZzB0aG1PODl5UHM?oc=5) · CUInsight
- 2026-05-07 [How a Cannabis CUSO Contributed to a California Credit Union Collapse, Forced Merger - CUTimes](https://news.google.com/rss/articles/CBMiuwFBVV95cUxQQWVWS25MVnRuT1p4ZFFIXzZHRThOU1hPa2lpdG5vd3kzTjgtWE5mYmFkMkhDVTBVd0VPYklPLUw3Z3RtdlczQ3prXzRJRFpVbmtsMVdRdWJpRG1sWGlJTGtLMU1rakJSdXBWLVh6YWx4STJuZXpzc3N2TzVVQmVHT3UxYzlwSWtTUzlYSDMzbDZjNmpEaXhQeW5uVUpnSEFxSXJfSTZmVUpKT0FPUi02SUt5QS1jcUR4ZGxB?oc=5) · CUTimes
- 2026-07-16 [Rogue Credit Union Expansion Into Coos Bay and Northern California - kobi5.com](https://news.google.com/rss/articles/CBMingFBVV95cUxQNEpQVVo3LTBKNTJtN3pUWjJHNjZHOE1xeGMtbzJwSm1pd3pUd0VTYVNJNGk4dHlSOTdIbVRnLWNscEZTX0Jmbkh5NE5iZ3d0azlhbV9yaDNWa1pSSEJSX3Z4dHBiN3lsOF9EUWlYOHZyMVFfNG85Z052aGJISjE2bE9SRENzSU5CN0dOeE9DeU5MbjRyVVVVVTMzaGs0QQ?oc=5) · kobi5.com
- 2026-05-20 [Nuvision Credit Union Partners with Veterans for Bay Area Military Appreciation BBQ - Contra Costa News](https://news.google.com/rss/articles/CBMivAFBVV95cUxQd3pjUWVLX1NSdDMxVWl4ZXN1YmEtQ1hQZEQ3bmVGTUR6SjFFQlhQMU5CdHpPZGw0WlBRTE8zN0Y3YV82QWlZYjdtYmJLcU14b0tIellTblpVdWlsNHhHako1ZHF1azZrdkRBWnJMZ0ZJX01ZeFE4S1QzaDNzY3g5MEJsdlVPT0RJRDFrMVhLdHAwMjJwYkpmZWlvamdhdER1aFE0M0ZpUzJUWW5heGZ3SmdrTUNIaDFfOTZveQ?oc=5) · Contra Costa News
- 2025-11-07 [SAFE Credit Union, Menchie's join revamped Granite Bay center - The Business Journals](https://news.google.com/rss/articles/CBMinwFBVV95cUxQSFpyMDNtMXdydU9vR0dfb0Y0WGJiSHRTSDF1eTkzVFp2Y215UUIzNkpZdGZYMU11MVhnbXpYWTFYdWFHVm1xZUVPYmd0MTFmd0hLcHdEODI4bFFPUGs4eGRtM25zMEg5WVhqWnJGeFZCT19HTlJQZXFYeENkb2s0QlVBVlRpbGVXdWVwNEZlRE5NSGxIVUJ6NW1BMDBIYmc?oc=5) · The Business Journals
- 2026-02-23 [Bay Federal Credit Union announces new leadership in Capitola and Watsonville - CUInsight](https://news.google.com/rss/articles/CBMiugFBVV95cUxPbk01RnhjMF9LTm14Q2JIdEt3XzB3bTZIcFhJN1lRX3oxRmxqdnR3Vi1QWTViMVE1QzFGOGxQVjhXMzNWdU1qYnV4Q09fTGRyYXpQWXNLNjZLTWNURWlYMFp1X0ZDaG9lWTdxTnowcUY0N3lEUkhlajZ4MHE1b1FRYno2S3VfSmdEQU1Ga2o4Y2hPSUdaNzdUaGtrSHBYaGt0TVd3QXUxNXFQdzZUc0ttVnFZSkVLTzdRYUE?oc=5) · CUInsight
- 2026-05-05 [Darin Daggett Appointed Chief Financial Officer at South Bay Credit Union - hrtoday.in](https://news.google.com/rss/articles/CBMimAFBVV95cUxQMzRrOFJZODFIaEVwb1RfZmQtZllJZTY3b29xaUh5X3RQdUVnMFVmWnZsektGaGxoWUtLNDlGa0tRNm5PMTZOQnRNUjJYODNZWDBqTUdmV0ZUeFhfcDc0M01BZGx0eUxBbFdsUUtKTXhoN3pnMkZkQndPNnJPZmdMUmk2b1IteDJaYm9ZMk1EREdjX3E4MVJsWg?oc=5) · hrtoday.in

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=12067 (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/35.json (key "12067", 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=12067
- 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