# NOVO
Norco, CA · NCUA charter 15784 · asset band <$50M · latest filing 2026-03 · live
Share link (named URL with a preview card): https://getbookiq.com/cu/novo-15784

Who the members are: federal charter, multiple common bond, organized 1963, minority depository institution. 2,323 members of 8,000 potential (29.0% of the field); checking penetration 46% (share draft accounts per 100 members); loans per 100 members 51.

**Verdict on the desk:** this could be *auto monoline*. 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 | $20.8M |
| Members | 2,323 (3.6% YoY) |
| Full-time staff | 6 |
| Net worth | $2.7M |
| Net worth ratio | 13.1% (p38 of band) |
| ROA (annualized) | 0.42% (p42 of band) |
| Total delinquency | 0.00% (p8 of band) |
| Net charge-offs (annualized) | 0.29% (p68 of band) |
| Loans / shares | 72% (p70 of band) |
| Cash / assets | 29.1% |
| Borrowings / assets | 0.00% |
| Net interest margin | 5.53% (p93 of band) |
| Operating expense / assets | 5.90% (p89 of band) |
| Vehicles % of loans | 81% (p84 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 1% |
| Third-party paper % of net worth | 3% (p88 of band) |
| Vehicle delinquency | 0.00% (p16 of band) |
| Vehicle NCO | 0.00% (p35 of band) |
| Repossessed % of vehicle book | 0.00% (p46 of band) |
| Real estate % of loans | 0% |
| Credit cards % of loans | 0% |
| Unsecured % of loans | 18% |
| Commercial % of net worth | 0% |
| Core shares % of member funds | 86% |
| Certificates % of member funds | 14% |
| Average share balance | $4,414 |
| Participations bought / yr | $0 |
| Participations sold / yr | $0 |
| Participations outstanding | – |
| Loans outstanding per 100 members | 51% |
| Loans granted per 100 members, annualized | 49% |
| Average loan balance | $10,939 |
| Loans granted, annualized | $6.4M |

## Flags firing in the latest filing

- **net worth falling** (`cap_falling`)
- **auto monoline** (`str_vehicle`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 3 | expense trap, charge-offs p90, auto monoline |  |
| 2016-06 | 2 |  | charge-offs p90 |
| 2016-09 | 3 | net worth falling |  |
| 2016-12 | 2 |  | net worth falling |
| 2017-03 | 3 | margin squeeze |  |
| 2017-06 | 3 | members leaving | margin squeeze |
| 2017-09 | 2 |  | members leaving |
| 2017-12 | 3 | delinquency rising |  |
| 2018-03 | 3 | net worth falling | delinquency rising |
| 2018-06 | 2 |  | net worth falling |
| 2018-09 | 3 | delinquency rising |  |
| 2018-12 | 3 |  |  |
| 2019-03 | 3 |  |  |
| 2019-06 | 3 | loans>95% of shares | delinquency rising |
| 2019-09 | 3 |  |  |
| 2019-12 | 3 |  |  |
| 2020-03 | 3 | net worth falling | loans>95% of shares |
| 2020-06 | 4 | margin squeeze |  |
| 2020-09 | 3 |  | expense trap |
| 2020-12 | 4 | delinquency rising |  |
| 2021-03 | 4 |  |  |
| 2021-06 | 2 |  | net worth falling, delinquency rising |
| 2021-09 | 2 |  |  |
| 2021-12 | 4 | net worth falling, delinquency rising |  |
| 2022-03 | 1 |  | margin squeeze, net worth falling, delinquency rising |
| 2022-06 | 2 | losing money |  |
| 2022-09 | 1 |  | losing money |
| 2022-12 | 1 |  |  |
| 2023-03 | 1 |  |  |
| 2023-06 | 2 | delinquency rising |  |
| 2023-09 | 1 |  | delinquency rising |
| 2023-12 | 2 | delinquency rising |  |
| 2024-03 | 2 |  |  |
| 2024-06 | 2 |  |  |
| 2024-09 | 2 |  |  |
| 2024-12 | 1 |  | delinquency rising |
| 2025-03 | 3 | delinquency rising, assets shrinking |  |
| 2025-06 | 3 | loan book shrinking | assets shrinking |
| 2025-09 | 1 |  | delinquency rising, loan book shrinking |
| 2025-12 | 3 | margin squeeze, delinquency rising |  |
| 2026-03 | 2 | net worth falling | margin squeeze, delinquency rising |

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

- 2025-12-30 [5 trends that shaped the credit union industry in 2025 - American Banker](https://news.google.com/rss/articles/CBMimAFBVV95cUxNWjJLMGhpTEVaRERFakFVWVdaV1ZmeTIzLVZNajV5VDZINFpXaG04VDF2czF0dmZHR3ZqRlNXc09ydjlrN3BHU29tSXppWENtd2V3M2ZIWl9pRVBtWXVDaVpLcWFsbEtfRHZpQ0RqQ21LTmhuUWdFaEZRMEsxbmdVejdjVF9Hd1N1eFNQRFJnZGhpMEItNFE5VQ?oc=5) · American Banker
- 2026-09-01 [The 6 best free business checking accounts of September 2026 - CNBC](https://news.google.com/rss/articles/CBMic0FVX3lxTE90aFZnYUFSSk93cDdadktfVGlnZUVFQ2paaHgtVS0wTldBbl9Wc3paSmdtWVpTcndJSm1jdlJfckVBZnZSRTY5bVRpajdMalVUYTZTdVcxZW5WREFpaDBjaGVwa1ozelZReEZRc0dKekpRaTDSAXhBVV95cUxNbDJlSnh0VnU2cEVVZWF6M3Q0OExUcUNNQkYtM1FnR25TT3dPdmZ2N2ZYelFaOUhIQkZCLVNQV3poZExTMHZSTW9lMEJ1aGYwRjNyZzRQaEZJd2ZyNFhUbzVtZ1pxaVBjYmxFVERyQXVock5qZGVZRVg?oc=5) · CNBC
- 2025-04-08 [Novo Federal Credit Union selects George San Martin as President & CEO - CUInsight](https://news.google.com/rss/articles/CBMirgFBVV95cUxPcV9OVGIxR0JKaF9JSTVQRE0xM3hJdURfb1pXUFQ1Yi1qRXJCSU9WVDM5bDhXT2FPaDg3cjFGNVNxVF9Cdk9BeGsxVUE3QlY3NnE1VlRmRnZWbTByMTZlTXJBZjVFazVRV01qVXo1MXpGVVJJYmJPM3FCX3BzVHNscTFBZGY1d0tGNmxjVnFDWHZzYjJOdEV5M3JvRmV0elRJUWVXbjlFOWZoU1JRUXc?oc=5) · CUInsight
- 2026-07-30 [One UCLA Transfer Could Change Everything on Defense - Sports Illustrated](https://news.google.com/rss/articles/CBMiiwFBVV95cUxPellISmZzMEVZYmZvblZ2VUV2U3VvQWdUd0U1WGZoamFzaFdqRDlQYTRHLXkzNk8yV2RpZURiaVpyWVUxaFdQUFhNLUlocGswXzQ3N1B0NUZGNDlOeFFXd0o5UUx6djIyS2tZQ2dRLVF3NHBPX2t2MVRNeEFqUWJhZ3lOV1J5bHJweFFR?oc=5) · Sports Illustrated
- 2026-07-15 [Texas Country Riser Hudson Westbrook Announces Fall "Hits Me" Tour - That Eric Alper](https://news.google.com/rss/articles/CBMiqgFBVV95cUxOYnlVOWloa05DMUZJZWk1TEV2OVF2bDJQQ1k4NV8ydkZXRmFGMDc4Y2tqTWlPT3NKd1BSYUJrdDlRTTVRcW0yYlR2eE52Nlpia0hyU3NEdWpzME9yTkdUOFJZazNpMFNOZXJJeS01R3VHWHJaZnQxWGRzaWc1RWc1YkNtXzItdXFFcHotTTgtakpsQU5LYWV6T1lhN3hTSVk0QWNTUmRKQ1FBUQ?oc=5) · That Eric Alper
- 2025-07-23 [Ranking Member Maxine Waters Announces Committee Passage of Bipartisan Legislation to Support Small Businesses, Expand Financial Access, and Bolster National Security - U.S. House Committee on Financial Services Democrats (.gov)](https://news.google.com/rss/articles/CBMikgFBVV95cUxOSXhrN1ZzUE5ZOXlzMGVzeG1rVWtPdGx3Wk81WjF2Z1QwTlBVWG5oYXk3Z01QRHI0b1lXLS1hX2xTaDVhRlczRDY3YUs1cC1sTEpoX1ZmekJnM2lSU2tpRVczVzF5RkVGV3pCazdNVkRNUHVqem92MGNFdjcxMlViTzNUbHRDVjZHTEllbEVIdTF2QQ?oc=5) · U.S. House Committee on Financial Services Democrats (.gov)
- 2026-07-29 [Best business checking accounts of July 2026 - CNBC](https://news.google.com/rss/articles/CBMibEFVX3lxTFBzUE5VYWJkajRKNHJMeTlHRTlqMWVxaGZyVnJYZkoyUTVrVnY3MDBpdHNiMVhEU180N2pweW54bkpfbVc5cmFCMVQwRVBQVU9yVW9kOXhLLWs2T285ak5GZDFKZzI2bEdOSkFxWNIBckFVX3lxTE0wUEZxVGN6aFpodFlrVlpXOElqaml0czZsYVRqOFNoanNWNVh3aWc4NTJ4dVlQVGV6ZTM4THVuaDJ2M1F6NGN4NGNEZ3NObExwT3RzeElOUS1qbmRGak1nVFVrNjFxQUQxNWNzcmhKaXVJZw?oc=5) · CNBC
- 2025-12-03 [UCLA Commits Speak on Bob Chesney's Hiring - Sports Illustrated](https://news.google.com/rss/articles/CBMifEFVX3lxTFBNdzBXMkxMNkJUSDRmMWhFUmItWDVqLUVJVmdzdmoyVjlibjN0c3BrT2xfTlo4dm1kSHdUaUJaR2pZLU9KcmRqUlFfZlRQTlcyby1YdERWY2hhVF9CODVsUHBEaHhnQ1pBaFFwekFDMHJlMlFKWENTMTI0UzM?oc=5) · Sports Illustrated

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=15784 (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/40.json (key "15784", 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=15784
- 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.

---
Rendered 2026-09-10 from the desks' own data files. Full guide: https://getbookiq.com/guide