# AEROSPACE
Los Angeles, CA · NCUA charter 14723 · asset band $200-500M · latest filing 2026-03 · live
Share link (named URL with a preview card): https://getbookiq.com/cu/aerospace-14723

Who the members are: federal charter, military (single sponsor), organized 1961. 9,292 members of 27,876 potential (33.3% of the field); checking penetration 56% (share draft accounts per 100 members); loans per 100 members 49.

**Verdict on the desk:** this could be *indirect buyer*. Composite score 4 of 18 (one point per flag across 17 flags, capital below 7% counted twice).

## What the filing shows

| Measure | Value |
|---|---|
| Total assets | $422.8M |
| Members | 9,292 (-1.6% YoY) |
| Full-time staff | 22 |
| Net worth | $42.3M |
| Net worth ratio | 10.0% (p29 of band) |
| ROA (annualized) | 0.00% (p7 of band) |
| Total delinquency | 0.32% (p23 of band) |
| Net charge-offs (annualized) | 0.76% (p81 of band) |
| Loans / shares | 49% (p6 of band) |
| Cash / assets | 4.1% |
| Borrowings / assets | 16.61% |
| Net interest margin | 1.78% (p0 of band) |
| Operating expense / assets | 1.73% (p2 of band) |
| Vehicles % of loans | 23% (p28 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 59% |
| Third-party paper % of net worth | 108% (p60 of band) |
| Vehicle delinquency | 0.34% (p31 of band) |
| Vehicle NCO | 2.86% (p95 of band) |
| Repossessed % of vehicle book | 0.00% (p25 of band) |
| Real estate % of loans | 73% |
| Credit cards % of loans | 4% |
| Unsecured % of loans | 4% |
| Commercial % of net worth | 0% |
| Core shares % of member funds | 58% |
| Certificates % of member funds | 41% |
| Average share balance | $18,160 |
| Participations bought / yr | $0 |
| Participations sold / yr | $0 |
| Participations outstanding | $58.8M |
| Loans outstanding per 100 members | 49% |
| Loans granted per 100 members, annualized | 6% |
| Average loan balance | $34,847 |
| Loans granted, annualized | $41.7M |

## Participation posture (from the same filings)

Bought $0 and sold $0 in the latest annualized quarter; $58.8M outstanding purchased (139.0% of net worth), $0 sold and retained. Sold in 0 and bought in 5 of the last 8 quarters. Shares -2.3% year over year.

## Flags firing in the latest filing

- **delinquency rising** (`aq_dq_rising`)
- **assets shrinking** (`shrink_assets`)
- **leaning on borrowings** (`str_borrowings`)
- **3rd-party paper>100% NW** (`str_thirdparty`)

## 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 | 0 |  |  |
| 2017-06 | 0 |  |  |
| 2017-09 | 0 |  |  |
| 2017-12 | 0 |  |  |
| 2018-03 | 1 | delinquency rising |  |
| 2018-06 | 1 |  |  |
| 2018-09 | 1 |  |  |
| 2018-12 | 1 |  |  |
| 2019-03 | 1 | net worth falling | delinquency rising |
| 2019-06 | 0 |  | net worth falling |
| 2019-09 | 0 |  |  |
| 2019-12 | 0 |  |  |
| 2020-03 | 1 | delinquency rising |  |
| 2020-06 | 1 |  |  |
| 2020-09 | 2 | net worth falling |  |
| 2020-12 | 1 |  | delinquency rising |
| 2021-03 | 2 | margin squeeze |  |
| 2021-06 | 1 |  | margin squeeze |
| 2021-09 | 1 |  |  |
| 2021-12 | 0 |  | net worth falling |
| 2022-03 | 0 |  |  |
| 2022-06 | 1 | assets shrinking |  |
| 2022-09 | 1 |  |  |
| 2022-12 | 2 | members leaving |  |
| 2023-03 | 3 | delinquency rising |  |
| 2023-06 | 3 | losing money | delinquency rising |
| 2023-09 | 2 | leaning on borrowings | assets shrinking, losing money |
| 2023-12 | 2 | net worth falling | members leaving |
| 2024-03 | 4 | thin capital, losing money |  |
| 2024-06 | 1 |  | net worth falling, thin capital, losing money |
| 2024-09 | 3 | thin capital, losing money |  |
| 2024-12 | 3 |  |  |
| 2025-03 | 3 | 3rd-party paper>100% NW | losing money |
| 2025-06 | 4 | delinquency rising |  |
| 2025-09 | 4 |  |  |
| 2025-12 | 4 | assets shrinking | thin capital |
| 2026-03 | 4 |  |  |

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

- 2026-09-01 [Flag collection drive yields 670 flags for proper retirement - Gold Mountain California News Media](https://news.google.com/rss/articles/CBMipwFBVV95cUxPSmw5MU1RdFNZTl85YnRZekdQVDFpQXhkeE1zaE1LUDFyTDRXN09QWGtVYVluZS1MTDRJQ0NmWVNxYmhnbXhmSlNLcXJwNS1QaUtaOUNqWklkRjYxM0tCT29nX3lUZmFSRklXTmE3d0FJTk1PQTI1RXIxOXRZRzYtN3E5cjNNU1VrVnYySFhJRDBDNktNYXBUMkhPRXZpajIwLTJ5R1dnTQ?oc=5) · Gold Mountain California News Media
- 2026-05-25 [Orange County chemical tank no longer threat for catastrophic explosion, officials say - San Diego Union-Tribune](https://news.google.com/rss/articles/CBMizgFBVV95cUxPQnFmcTNRdkJfMmNRMU43VEdWazdsb012d0ZhNGU0Wi1iRlBGLXlUUHN3bGlmS2JSQUNHNUVlVHN1UmU2cy1mV1RqUmZDQmxyME91WGFoWjExOWRrYnp0MzFEQlM0dzk2N1hkSGZnSWFqYnhzaHMtbFNGUTZfWk9UbTBOYzlfYVdiZTdqWEk2bXlaejVHcUptMElhMWFocVU1blMxcktLRU5zRUhGTU1GOUZfQTdhMks0amZrX2VlV2kxblpzcXdJTFJWU0pzUQ?oc=5) · San Diego Union-Tribune
- 2026-03-13 [Senior Design Projects take center stage at LBS Financial Credit Union Pyramid - California State University, Long Beach](https://news.google.com/rss/articles/CBMisgFBVV95cUxNY2lPZVQySkFUeERLd2JFbHEzSlNzX0syZEYtNVBuU0dZTW1xaFRfa1c3c21tSjU1dGp0UkthXzJlWExkdWJBTW5vY0hvRmpNRlFnZWhFX1RGMUdBVkZmZHE3WklqV0daSXV5UUY1S0xjelN2T0RiTFZMY201WVR4cWNTaF9jMkl0Z2pDRmVGNlJRN0NOUUNQQTJTTHpqU2Y1OEpqX1c4WXF3N2pVTjBkOV9R?oc=5) · California State University, Long Beach
- 2020-02-10 [Contributions of aerospace workers further cemented in Downey - The Downey Patriot](https://news.google.com/rss/articles/CBMipgFBVV95cUxQMjAxNVhGQ0pTc29aQVVxakNfdWxXUjFkZ0s0bkpLNmFnanJzRXZlLTVxdmlReGhrV0hCNi1ybWw5UV9ubEl2TDVSUnJxekdGNVBJNmw0WGFoWl9MSENkY0dROGVYbjNDVGMyU0RkZDh6a0dYUGFmVkxhSm5FMF9OMnZhUkdjcVNqbFdTaWRRNlR1eFdFaXN0aW9vRU5tSFBHZnMta3Rn?oc=5) · The Downey Patriot
- 2025-04-09 [America's Best Regional Banks and Credit Unions 2025 - California - Newsweek Rankings](https://news.google.com/rss/articles/CBMikgFBVV95cUxPbG82S28tWDRWcmVTSGtHM1A2ZDRvTjlrTUJGLUxudnBZSlZwNG5uSk12eFQ1M09ULTYtTFVaU3FJeFlEam53MHZqSDV5ZDRTUk9zRUJEVHBBbzVpRUxnV2s0VXFkc0lzZUxXS1A0YWZHaVMyNXE3Wm5RdG1qX2dBclE0cE5TaDZibmpuVkpiM3diUQ?oc=5) · Newsweek Rankings
- 2024-12-10 [Oklahoma Women in Aviation and Aerospace Day Roses and Wrenches Event Salutes Aircraft Technicians and Beyond - oklahoma.gov](https://news.google.com/rss/articles/CBMiggJBVV95cUxOMzRhdnNaSmpOTU5tTUVFc2FOX2ZNX3RfTWRDV256aGZhMnpmQmpxcmE4YmtWazNvTWRQSkpLSDRad3BpVWJpdkVjaW1za3hYaFZ5VlgteG91RWRhQ0NfUUxNcThHTTFPQl9uOXhjd2o2V3RsVzR1Nm9ZR1BrVHVESFFLenE1WUpIUHBpbnpEbWR2Wmh1RlNHZWFWLTNtaVMtdm5NSXhYbnpUUmt3djNlZFV1VU1UcENlTVFUUDVrQ1Vqa013WExiYndFYUI2OWxmLURCVnRkNEVQUUU1N0VCSjkzX3BfNmYzUkRPQm5WMmFVZHAzNGp5ZUJpMjFHM3NHVWc?oc=5) · oklahoma.gov
- 2024-09-20 [Best of Orange County 2024: Financial: Best credit union - ocregister.com](https://news.google.com/rss/articles/CBMimAFBVV95cUxOdkZEbDBHeE9vRndJN1c5SHZHSHpwMXhFV0Y4QktwWEhPcmNKalR6YXBVNnlIWUpyNDBaREpOY0xQSFN6RjFWcHpKNWxGcURlanhuMzhKdHV5X1RBX3Vsa1N1NEpXOTBaMGFWWDhXQ1lzUlplTXluVW5mYm5BdDlEVzlEc0FGMUdELXdGVmxiVC1wUE91VWJVNQ?oc=5) · ocregister.com
- 2025-03-19 [Collins Aerospace Wins Chamber's Top Business Honor - The Raincross Gazette](https://news.google.com/rss/articles/CBMijAFBVV95cUxPWFVabFJRVUJvU3dGbmdGTVZiSTd1UWxZMFJwVWx5X1lXWmdaRVZwZTlPRDB5VkMta05DN0R2SnJlNTBPNDZvNDZNZ3dDLVpDYUJxMHhpTEZPMjZXcjdyaWZhTENOa1RkbXU4M1ZMMWFwR3ZrMEFXQk4wRE1WWHNyMmU2blR6V2RNbWdhRg?oc=5) · The Raincross Gazette

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=14723 (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/3.json (key "14723", 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=14723
- 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