# XCEED FINANCIAL
EL SEGUNDO, CA · NCUA charter 20068 · asset band $500M-1B · latest filing 2021-03 · stopped filing after 2021-03 (departed; for a credit union that is almost always a merger)
Share link (named URL with a preview card): https://getbookiq.com/cu/xceed-financial-20068

Who the members are: federal charter, multiple common bond, organized 1964. 46,975 members of 507,812 potential (9.3% of the field); checking penetration 63% (share draft accounts per 100 members); loans per 100 members 42.

**Verdict on the desk:** this could be *stressed*. Composite score 5 of 18 (one point per flag across 17 flags, capital below 7% counted twice).

## What the filing shows

| Measure | Value |
|---|---|
| Total assets | $981.8M |
| Members | 46,975 (-9.2% YoY) |
| Full-time staff | 148 |
| Net worth | $108.1M |
| Net worth ratio | 11.0% (p75 of band) |
| ROA (annualized) | -0.85% (p0 of band) |
| Total delinquency | 0.45% (p65 of band) |
| Net charge-offs (annualized) | 0.23% (p56 of band) |
| Loans / shares | 64% (p30 of band) |
| Cash / assets | 23.9% |
| Borrowings / assets | 6.16% |
| Net interest margin | 1.83% (p6 of band) |
| Operating expense / assets | 3.77% (p81 of band) |
| Vehicles % of loans | 18% (p16 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 1% |
| Third-party paper % of net worth | 1% (p19 of band) |
| Vehicle delinquency | 0.47% (p76 of band) |
| Vehicle NCO | 0.98% (p90 of band) |
| Repossessed % of vehicle book | 0.01% (p41 of band) |
| Real estate % of loans | 73% |
| Credit cards % of loans | 3% |
| Unsecured % of loans | 8% |
| Commercial % of net worth | 100% |
| Core shares % of member funds | 49% |
| Certificates % of member funds | 16% |
| Average share balance | $8,407 |
| Participations bought / yr | $0 |
| Participations sold / yr | $0 |
| Participations outstanding | – |
| Loans outstanding per 100 members | 42% |
| Loans granted per 100 members, annualized | 13% |
| Average loan balance | $26,816 |
| Loans granted, annualized | $205.4M |

## Flags firing in the latest filing

- **losing money** (`earn_negative`)
- **margin squeeze** (`earn_nim_squeeze`)
- **members leaving** (`shrink_members`)
- **loan book shrinking** (`shrink_loans`)
- **leaning on borrowings** (`str_borrowings`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 3 | thin capital, loans>95% of shares, leaning on borrowings |  |
| 2016-06 | 0 |  | thin capital, loans>95% of shares, leaning on borrowings |
| 2016-09 | 1 | losing money |  |
| 2016-12 | 3 | loans>95% of shares, leaning on borrowings |  |
| 2017-03 | 2 |  | losing money |
| 2017-06 | 3 | losing money |  |
| 2017-09 | 4 | assets shrinking, members leaving | losing money |
| 2017-12 | 4 |  |  |
| 2018-03 | 4 |  |  |
| 2018-06 | 4 |  |  |
| 2018-09 | 3 |  | assets shrinking |
| 2018-12 | 3 |  |  |
| 2019-03 | 4 | assets shrinking |  |
| 2019-06 | 4 |  |  |
| 2019-09 | 3 |  | assets shrinking |
| 2019-12 | 4 | net worth falling |  |
| 2020-03 | 5 | losing money, margin squeeze | loans>95% of shares |
| 2020-06 | 6 | delinquency rising |  |
| 2020-09 | 5 | loan book shrinking | net worth falling, delinquency rising |
| 2020-12 | 5 |  |  |
| 2021-03 | 5 |  |  |

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

- 2022-03-19 [Xceed Financial Credit Union members vote overwhelmingly to approve merger with Kinecta Federal Credit Union - CUInsight](https://news.google.com/rss/articles/CBMi4wFBVV95cUxOa0JNMTBHM0tlMXpXMFViZGJvVlVUV1FnaGZSOXNIa3BLNWVCRG1PeU9ET2dpMDlmSjR0M3hJM1ExZ3VuM3hFOWEzY3lVNzJEQkhJakFtQ3JWd2o5WTdFQzBmMUZoVWNBV0NOdk5uQ0dfNFNNM1FuVHhOU2Rhd1ZYUm9GMm0xczhtRjRMTXFVQ04xajRUaElWcHp1UXhBVlRGSDhqajl1Z1VZTG0tRGhnWG1CckJiLU10TDZ6MmJZVE5sX2tmaGQ5S2VMNHItbzhJMFI3VzRHcFIycXgyRHFpcDBuOA?oc=5) · CUInsight
- 2021-03-02 [Kinecta Federal Credit Union Of Manhattan Beach Merges With Xceed - Patch](https://news.google.com/rss/articles/CBMiowFBVV95cUxQT0NjN2ZJVDBhNzZDSG0tTXdRZkdDcDR2aWlzSFEtTzNYVUo2ZlVMZ1Zub0NZSWxVdjZ1ZUR0RWR3cE56UkdfcnNlNEFqM21kTWUtUDNCZzVZZV92OXA4Z18wam45dUNYQ0NsaWtIdjJmU3lVN3l2YkZuTmNOZVdXTHFBV21mRFJFT3JFdS1WMC1nZnhzck9wS2tsVnY3MlF4ckJR?oc=5) · Patch
- 2022-01-31 [Financial Institutions: The Digital Age - Los Angeles Business Journal](https://news.google.com/rss/articles/CBMiigFBVV95cUxOdGVmVC01MzcybGkxVHRFVWtMamlIXzB5QU5yLXZicFpHazBHel9IQ242MUwxaWRFdEdKZDA4THpCMDJhcTZ4VWRCbzJCa0QzWU41SE9uMmxEeE1PWTY2VnktaDAzendpV3dGMkRvRUhsZWRhdHh3Mll6bDhLZk9aOVRRenpJOGphT3c?oc=5) · Los Angeles Business Journal
- 2021-12-06 [Teresa Freeborn Announces Plans to Depart Kinecta Federal Credit Union - PR Newswire](https://news.google.com/rss/articles/CBMixAFBVV95cUxORHJscU5ZVUx2ZnF3S2M5X1pNN3p6RlJEX21rSHRtY1o3eURDNW96N29OM1VmWl9VOXc0WS1MRTRlRjNRYkl6WFVKdmc4RjJodnJIcW4tSVpyalkxa19SZEhUb1diZi1PZEZPaHFSaGpiUHcwTzc4dnVseC1BT3hwSk51TUIxQ0xTV0N6SVg1bmFoSkI2M0JDdFBqX1R4ejh4NXZ0MDRETk5xZHJVcWhfa09sZmZrcDA4VUZVRGhGVURwOTlt?oc=5) · PR Newswire
- 2017-08-14 [What is the biggest compliance challenge CUs face? - americanbanker.com](https://news.google.com/rss/articles/CBMipgFBVV95cUxOVEozdlBnZlVqUGQyUmZtdkhFbmtKUWZqeFhDRC1KTm1SLVA5bWl0V1QyRUlna1ZsaEdqS3JhU01VdjBpcjlleWtUR3VYSzAwQ2s3ZWxBcnM2YlJaMzlZWUlyeWZ5UmNOTzBwcF93ZjFNMk1VSmZuY0t4bmdnbEh2dGdsYUY0UlNVZVRUYmoyQzk2N1VsVjF2QzEzY21NZDYxdjI4U3lR?oc=5) · americanbanker.com
- 2025-05-19 [California Supreme Court finds parties cannot contract away liability for willful injury - Daily Journal](https://news.google.com/rss/articles/CBMizAFBVV95cUxOWmU1RlktUnJyZFl6RXV1dVotcDlTRndLMEpNbzlHRWNDTHhMMC1DVUtjT1ZwTUxEbDA2NzFSSG9maWItMTNpUV9HcXVRSGRwVjFhdXpLYW5ZdVI5M0sxYjFPS1J3dGlJUm9jMWkyUHlPUkdPWXIzenNRXzBUWDByRnZVSHdld3J4WDh5a3BRdGtUQmxIdThlcTZrRzhpVG5kNHFHdktSUlBLcWpRb1p6Q0RDekptc1VZWXc5WGFxVnFMQ3Zia3UybXQ4ekg?oc=5) · Daily Journal
- 2024-08-07 [Valley First Credit Union appoints Mary Roberts as new Chief Financial Officer - CUInsight](https://news.google.com/rss/articles/CBMiuwFBVV95cUxPMF81ZHlOWXhiaC1LXzRzRjJBclFINXRzbjZRRVNNWlprb0FFOTNMTEJ0REJxQm9yZ1VoOFdVejVRSVNCRC1fczVXZFdjTm1GN0M2cUU3ZERmRWZBVUZvM2JjV1lVckRmenB2Nml0MjJkMTdSX2E1WEktS09mbVZVUTV1NHVTcWJ6SlhrV0oxSVRJQ0xIV0Y5UkNzUmkwSDZHdFFueG5yZWdweDFSM01MYldSMkh5Z3VhOFFF?oc=5) · CUInsight
- 2016-09-27 [Arrest made in fatal 2003 Xerox Credit Union robbery - Democrat and Chronicle](https://news.google.com/rss/articles/CBMiswFBVV95cUxPRjFVLXJyNnd5WThsRVo4U1VVaVhGQ25zck56cUNDY3JzdS1lbXFPSmFzbElqYW9aYjFSSWxKd1dLMDRTR1pNZThtUUVDUVk4MndycDBSTkxJYXdBbUE4ekpIbzhBNHBYd1hBaExmNFZuN0FKeS1nTkZIQ0pZSHlYU0hqcFQwd2NxcHlJcDZ3bGtNSFMyc3FRUWIyck9zMVdoTkRZQlA2Uk9kckl5YW8tTE42cw?oc=5) · Democrat and Chronicle

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=20068 (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/36.json (key "20068", 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=20068
- 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