# C B S EMPLOYEES
STUDIO CITY, CA · NCUA charter 14588 · asset band <$50M · latest filing 2018-12 · stopped filing after 2018-12 (departed; for a credit union that is almost always a merger)
Share link (named URL with a preview card): https://getbookiq.com/cu/c-b-s-employees-14588

Who the members are: federal charter, multiple common bond, organized 1961. 2,798 members of 5,500 potential (50.9% of the field); checking penetration 36% (share draft accounts per 100 members); loans per 100 members 21.

**Verdict on the desk:** this could be *liquidity-rich*. Composite score 0 of 18 (one point per flag across 17 flags, capital below 7% counted twice).

## What the filing shows

| Measure | Value |
|---|---|
| Total assets | $21.0M |
| Members | 2,798 (0.3% YoY) |
| Full-time staff | 5 |
| Net worth | $2.6M |
| Net worth ratio | 12.6% (p46 of band) |
| ROA (annualized) | 0.57% (p62 of band) |
| Total delinquency | 0.33% (p30 of band) |
| Net charge-offs (annualized) | 0.13% (p37 of band) |
| Loans / shares | 33% (p13 of band) |
| Cash / assets | 24.8% |
| Borrowings / assets | 0.00% |
| Net interest margin | 2.08% (p9 of band) |
| Operating expense / assets | 2.75% (p30 of band) |
| Vehicles % of loans | 49% (p42 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 0% |
| Third-party paper % of net worth | 0% (p45 of band) |
| Vehicle delinquency | 0.23% (p36 of band) |
| Vehicle NCO | 0.00% (p21 of band) |
| Repossessed % of vehicle book | 0.00% (p44 of band) |
| Real estate % of loans | 35% |
| Credit cards % of loans | 4% |
| Unsecured % of loans | 15% |
| Commercial % of net worth | 0% |
| Core shares % of member funds | 81% |
| Certificates % of member funds | 19% |
| Average share balance | $4,389 |
| Participations bought / yr | $0 |
| Participations sold / yr | $0 |
| Participations outstanding | – |
| Loans outstanding per 100 members | 21% |
| Loans granted per 100 members, annualized | 4% |
| Average loan balance | $10,626 |
| Loans granted, annualized | $3.1M |

## Flags firing in the latest filing

- none

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 0 |  |  |
| 2016-06 | 0 |  |  |
| 2016-09 | 0 |  |  |
| 2016-12 | 0 |  |  |
| 2017-03 | 1 | net worth falling |  |
| 2017-06 | 1 |  |  |
| 2017-09 | 2 | delinquency rising |  |
| 2017-12 | 1 |  | net worth falling |
| 2018-03 | 1 |  |  |
| 2018-06 | 2 | net worth falling |  |
| 2018-09 | 1 |  | net worth falling |
| 2018-12 | 0 |  | delinquency rising |

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

- 2019-04-02 [CBS employees credit union manager charged with embezzling $40 million - CBS News](https://news.google.com/rss/articles/CBMioAFBVV95cUxOS0R3ejA2Z0s3cEstZnhvWDhsSGlRMzI3M2xxeWJWMDlkLVlyRXNydkpGdXg2cmRBcVk3Q0luU3dQTUpnOVExaUJhQmJRMVJaZkpYajF3T2ZEYjkxMHM1VXNPYWlLWXlBejU4SFlrUDh1UW9yX25udGZ6X1pyMmlBVmVyejhMbkttMjU5ek1XTVQxcFdDcmtJRHNPSWJZa0d20gGmAUFVX3lxTE1fYUJNdXFfTlhKSWpGZVlEQWZLdXp2bXJjX2ZJaDBodnA1b253R3NFSjlXT2FvY0ltbF8zbjVVZm1Sd2c1SlNmaE9hU3JkdWM2NktNMmFEMGt3bmZyZDBvbHNUeTEyMG5GNzZZS3hMbjdFQi1nVFUzX0NBQ0N0S2NmSHhxX2djbkt4TS11cm90R0c3M2tFellFVEh2Z05LU2hGTlcxSkE?oc=5) · CBS News
- 2019-03-29 [CBS Employees’ Credit Union Shutters Amid $40 Million Embezzlement - Variety](https://news.google.com/rss/articles/CBMijwFBVV95cUxNWTJDakNQbmVLYllmTldGRml4Z3FTWnpPdm1kaGxTVWt0U2YtSVZIbzlWMWpseHhzamoxcmtuT1pnbnBMY1Z6UThwbEJ6Z3FpcS1vLU9kNU5fSk5Tcks3aXgtbTViMVRJY3Bjd2p2N09WVWw4OFVpSlFqZlVKNFRMN3NsZkJuVTdNWlhzSF9wNA?oc=5) · Variety
- 2019-03-30 [Long-Time CEO of California-Based CU Accused of $40 Million Embezzlement - CUTimes](https://news.google.com/rss/articles/CBMiqwFBVV95cUxPV1lMSDJvUVJVem50THFBU0gxU0oxaVNTUnNPWGZCYVZ1Nm5TQVNIUW16UU1qRDhXUUlXbWc5Z0MtRllYd2NLS0FLcTY1QUhkTFA4cHJ3YUg1RGxoUHh6QUNELVAtMjFvNTNtVGZxMldkN0hfQklmbndpaTBXR3VKaUxxVWJabVVMRDZCNmt3dnV4WkNYR3hXSVFzX3ZTdVFGOEhUVXBMOHdzSUU?oc=5) · CUTimes
- 2019-03-29 [CBS Employees Credit Union Shuts Down As Manager Charged With Embezzling $40 Million - Deadline](https://news.google.com/rss/articles/CBMiuAFBVV95cUxORk8xUkFVdEprbzlVZHFoVGJVbEd2RmF2V0NrUTNqVERNNDVhVUdXd0ljVURiQW9PZTlUZHNxdGgtYTNFcmRDbzQ4ZFNISUhxdGJveEJDUVFmdGhrUWVidzZRbnlUbnVyWnZ5SVNpZGJLZDlBdXBzamRHd2c1QXVTOU1WckgxT0VQQkRlSFQxZ0RxVThkeWU0UTM2ekkteG1wUjlEdkd1TlFjcjB1N1JyUmJsUjZFSm9Q?oc=5) · Deadline
- 2024-07-02 [2012-2024 List Of Failed Credit Unions - Bankrate](https://news.google.com/rss/articles/CBMib0FVX3lxTFBqUTBmbUhvaEh6UXpMOERnZTMzUjU2djBQVUVxMHd4UmZFRF84OWFtelZtZXQ3eTF5ZE5fbE5YVTRIUWd2dDVDWjZxZ3F4d3gwRFhMV2FyT21RWXlTLVVoRTE5Z0R1Ql9iMHVmYndZUQ?oc=5) · Bankrate
- 2019-05-20 [CBS Credit Union Manager Pleads Guilty to $40 Million Fraud - Variety](https://news.google.com/rss/articles/CBMiiwFBVV95cUxPdGI2YlFlLWN6VTRjbXlVaXh6MEVFTDg1ZEdRXzl1QlpxZzE5UnhzT1BxdjhhdWFubGNYMVhGeDlJNlJoeHNFdmdTOEE1alVvb1pBaVFiaVJiU2NuZ3JleVExYU9SUERYME5waDAtdDJXOHRDVUJJZWF1NGR4SzlybjA5Y3o2YXhUdURn?oc=5) · Variety
- 2019-08-22 [Time for self-reflection following recent credit union scandals - American Banker](https://news.google.com/rss/articles/CBMitgFBVV95cUxQRlRRdlhVUTdieXlfYk12R0w3dzNRT1hpNWJwUmJlZXZrVU5KLThHSWY4VVZkU2FjbElGS24ya1JWWGxtZnZxekdwNmRETjVmYU1CamxWN1Z6eExJR1EtbmE1SFY0a3UwZUFRMU1uWVItWEZabGtlZEJ6bWJuT25IMktFa1VsMTFHTnRobUtQOHhiX1diNG41cGlHc1k0OUp5SGR4d0dZRkF4TS1HRmhQSXRtREJTQQ?oc=5) · American Banker
- 2019-04-09 [Wife Of CEO In Alleged Embezzlement Has Film, Music Career - cutoday.info](https://news.google.com/rss/articles/CBMilgFBVV95cUxPUWFGbHNxaUtaWkVXbmhMRC15ekV2UHJlMTlMcjhLamVPRVRmcVl6SzVjcGs4NVEzX2FEaTRNeEFBZ1dCbHk3MHRfR3lGbGR5OHVNSGYyMWlUdmhsaFVRSTJVMy1McUpvd2xnMHJTRWZyZ1VOX2p5blNsaFNjSTlKazJncVJLR2cwMGx0WTlPM0VpaVluZ2c?oc=5) · cutoday.info

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=14588 (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/60.json (key "14588", 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=14588
- 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