# AERO
Glendale, AZ · NCUA charter 12164 · asset band $200-500M · latest filing 2026-03 · live
Share link (named URL with a preview card): https://getbookiq.com/cu/aero-12164

Who the members are: federal charter, multiple common bond, organized 1958. 23,937 members of 2,050,000 potential (1.2% of the field); checking penetration 34% (share draft accounts per 100 members); loans per 100 members 52.

**Verdict on the desk:** this could be *indirect buyer*. Composite score 2 of 18 (one point per flag across 17 flags, capital below 7% counted twice).

## What the filing shows

| Measure | Value |
|---|---|
| Total assets | $360.9M |
| Members | 23,937 (0.9% YoY) |
| Full-time staff | 53 |
| Net worth | $42.3M |
| Net worth ratio | 11.7% (p57 of band) |
| ROA (annualized) | 1.09% (p76 of band) |
| Total delinquency | 0.24% (p15 of band) |
| Net charge-offs (annualized) | 0.47% (p60 of band) |
| Loans / shares | 86% (p80 of band) |
| Cash / assets | 19.5% |
| Borrowings / assets | 0.00% |
| Net interest margin | 3.12% (p23 of band) |
| Operating expense / assets | 3.08% (p25 of band) |
| Vehicles % of loans | 57% (p89 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 81% |
| Third-party paper % of net worth | 306% (p94 of band) |
| Vehicle delinquency | 0.11% (p10 of band) |
| Vehicle NCO | 0.80% (p61 of band) |
| Repossessed % of vehicle book | 0.13% (p77 of band) |
| Real estate % of loans | 36% |
| Credit cards % of loans | 3% |
| Unsecured % of loans | 3% |
| Commercial % of net worth | 1% |
| Core shares % of member funds | 42% |
| Certificates % of member funds | 37% |
| Average share balance | $8,859 |
| Participations bought / yr | $2.0M |
| Participations sold / yr | $0 |
| Participations outstanding | $499,778 |
| Loans outstanding per 100 members | 52% |
| Loans granted per 100 members, annualized | 11% |
| Average loan balance | $21,674 |
| Loans granted, annualized | $118.9M |

## Participation posture (from the same filings)

Bought $2.0M and sold $0 in the latest annualized quarter; $499,778 outstanding purchased (1.2% of net worth), $0 sold and retained. Sold in 0 and bought in 1 of the last 8 quarters. Shares 7.9% year over year.

## Flags firing in the latest filing

- **net worth falling** (`cap_falling`)
- **3rd-party paper>100% NW** (`str_thirdparty`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 2 | losing money, auto monoline |  |
| 2016-06 | 3 | 3rd-party paper>100% NW |  |
| 2016-09 | 4 | net worth falling |  |
| 2016-12 | 4 |  |  |
| 2017-03 | 4 | delinquency rising | losing money |
| 2017-06 | 2 |  | net worth falling, delinquency rising |
| 2017-09 | 2 |  |  |
| 2017-12 | 3 | delinquency rising |  |
| 2018-03 | 2 |  | delinquency rising |
| 2018-06 | 2 |  |  |
| 2018-09 | 2 |  |  |
| 2018-12 | 2 |  |  |
| 2019-03 | 2 |  |  |
| 2019-06 | 2 |  |  |
| 2019-09 | 2 |  |  |
| 2019-12 | 2 |  |  |
| 2020-03 | 3 | losing money |  |
| 2020-06 | 5 | net worth falling, margin squeeze |  |
| 2020-09 | 4 |  | net worth falling |
| 2020-12 | 4 |  |  |
| 2021-03 | 3 | net worth falling | losing money, margin squeeze |
| 2021-06 | 3 |  |  |
| 2021-09 | 3 |  |  |
| 2021-12 | 3 |  |  |
| 2022-03 | 4 | delinquency rising |  |
| 2022-06 | 3 |  | net worth falling |
| 2022-09 | 3 |  |  |
| 2022-12 | 4 | net worth falling |  |
| 2023-03 | 4 |  |  |
| 2023-06 | 3 |  | net worth falling |
| 2023-09 | 3 |  |  |
| 2023-12 | 3 |  |  |
| 2024-03 | 4 | net worth falling |  |
| 2024-06 | 2 |  | delinquency rising, net worth falling |
| 2024-09 | 2 |  |  |
| 2024-12 | 2 |  |  |
| 2025-03 | 3 | net worth falling |  |
| 2025-06 | 3 |  |  |
| 2025-09 | 3 |  |  |
| 2025-12 | 2 |  | auto monoline |
| 2026-03 | 2 |  |  |

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

- 2026-02-18 [What is the construction near Bell Road in Peoria? - azcentral.com and The Arizona Republic](https://news.google.com/rss/articles/CBMiygFBVV95cUxOWFY3MTVTV2FPTXZqQ3pLTFY1ZC1xU19DVHFjZ0RRY0w2amNQWmVwUElsWXNEUmRJaXJITFRLSXRHMHdseGFQengySWh4QUlXSU5HQkVzV3c4RlNXNVg4YmdHcldEZkhTZWZVejlLLUNNMzl3UlhMQ0kyN3lfMWt1anBONDA5Q1gtX1R1WVgxQlRMVWl4WW4zbFVaZklId1htUDJScVFLYzRLWE1HUElWeTRYd0tBRlZXTlBlYmhxNTFYWHloTnpLbWdB?oc=5) · azcentral.com and The Arizona Republic
- 2026-07-30 [AERO Financial Credit Union selects Nook to build its data infrastructure for more personalized member relationships - CUInsight](https://news.google.com/rss/articles/CBMi7gFBVV95cUxNaVpzS2NwNFI4QW1XUGpCUU5IVnpLVDRxN3hXOE42b2E1UVBobkRCNGl1dVRKb29HMDdjNTdkbUItaDlvakRFYUFkSmxwVVl2aElockRiTWRETjVGalJkSzVPc09OWkVWQl9YX01valdtVjVLWDJoX2dnZEd5U1lZVFJyR1dnRkEzNHdSS1pqOXF5akxzcDNuY2c4QTFLUlF2bDBvdVkzelZ0RFVjZ2plU3NZSUFkLXFwVG4xbkNkWnBQdlBFVERPbFd2dTB3SEh3ekRTUzVHZ3lic3kxcjNRVXpTVGRDNFlyX05MaVpB?oc=5) · CUInsight
- 2020-06-05 [AERO Federal Credit Union announces new President/Chief Executive Officer - CUInsight](https://news.google.com/rss/articles/CBMitAFBVV95cUxOUnZaNHFBa3gyb1hPSFcwZ3NKZnJrR1pnSXB5b1VCU0p5X1BWUmpKWmw4dHgtV0dueVFKZjl2MUhmUGloUG5KVWNDdE5Hc2NzRXBHY0hER0J4UzZoT2U1bTVNa1E5UExOYUpabUE1cktVVEViU2dvV1pWN1NnUTdyejNWMDJyeGNYa2NmdEFZSGx0cUFMYURMbXdYQ3B1Z1JDaXVIVkloNnE4Y2pMYkg1eTFBYUU?oc=5) · CUInsight
- 2024-04-21 [Ranking Arizona: Top 10 credit unions for 2024 - AZ Big Media](https://news.google.com/rss/articles/CBMihAFBVV95cUxPa3FJcklQLUxDRWc2ZUExNm1EclVBVTByY0ZmbzltT3RydVIzcnJvdVRvYS1SLXR0X1RidkZvV3lDWHhObUJJOVd1MjI2N0pkanRUaFBzTnE4Q2lRU042ZWlZSkNUN1pfZFRGZ21QeENWM0JJdzJBelJWUzBfYzN6M1VneWI?oc=5) · AZ Big Media
- 2025-07-11 [Ranking Arizona: Top 10 credit unions in Arizona for 2025 - AZ Big Media](https://news.google.com/rss/articles/CBMikwFBVV95cUxQYjJMUkJLbUltdGlDU3dYbmluMGxRYWRLZld1cGJ2cjNBdXJJekZPcWlSaHV6MzBDalpJMnA1Z2tBTkVtQVJkTkhFd19xYnlwaThCYXNHTnVDanJTNS05Y0p5NWw3R3F4Nnp4aEx5OGs0YnFMWlBCRG5GMmFfYlRnSFN0anVIdXItQ2tuWlJ1QjBSWjQ?oc=5) · AZ Big Media
- 2024-05-26 [Stephen Flood Obituary (1950 - 2023) - PEORIA, AZ - Yuma Sun - Legacy obituary](https://news.google.com/rss/articles/CBMijAFBVV95cUxPQi1PS1JrODV6ZFczSGRtNVIzeV9WRGFieVAyV3I4dVFTQ1B2dlhEazcwMkVJQ29Bazh1cHFadTF3cnpNcTdSR0VYQUc5cEVaRExVNlFKWTNkNTVQWFpkMnYxRFhYOXVtV054ZGU4UjYxV0Naakx6bDdHM0ttVlVlb1BVQUhJV2FVNEZKTw?oc=5) · Legacy obituary
- 2024-05-13 [Stephen Edward Flood Obituary - The Arizona Republic - azcentral.com and The Arizona Republic](https://news.google.com/rss/articles/CBMiXEFVX3lxTE50ZUJJYXExN0c5c2VBaks2aENod3dWdUdtVVp6a2JRMXFLQXV6U0xXNVZuX3hsZUFoSHlKNEVEMEpZZVRXb1VVbUF2TldWemdoTDhHQXpUWkJrSkhW?oc=5) · azcentral.com and The Arizona Republic
- 2021-08-20 [Missouri Aero Knife False Advertising Class Action Settlement - Top Class Actions](https://news.google.com/rss/articles/CBMiyAFBVV95cUxQcWo5LU5uOU5lTmstaVk0LVc3ckNYbU80LVJrR2ZYTEFKWTUtQXBEd2dlV2t1Yk5xdEplS3RBU2lQSzB3blgxS0ZDV0VzWmtpMFhzRHI0cDBoNHNfaWVpZzVRVDYtMFhLRzZ4SVI2TVFBbU14Nmg2dE5fYzFHZ0d4d052d0hpb0FHYWY3c1RFc0tBbHdXczRHV0p4RWdjckNLOUprd19YbXZBSUNWRm1rYXJNbHlCUmt4Sy1UMlh4b2lDdU1OYWZveA?oc=5) · Top Class Actions

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=12164 (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 "12164", 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=12164
- 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