# LA FINANCIAL
Pasadena, CA · NCUA charter 2024 · asset band $500M-1B · latest filing 2024-12 · stopped filing after 2024-12 (departed; for a credit union that is almost always a merger)
Share link (named URL with a preview card): https://getbookiq.com/cu/la-financial-2024

Who the members are: federal charter, community charter, organized 1937, low-income designated. 22,978 members of 9,606,925 potential (0.2% of the field); checking penetration 61% (share draft accounts per 100 members); loans per 100 members 33.

**Verdict on the desk:** this could be *ordinary*. Composite score 3 of 18 (one point per flag across 17 flags, capital below 7% counted twice).

## What the filing shows

| Measure | Value |
|---|---|
| Total assets | $559.1M |
| Members | 22,978 (-7.1% YoY) |
| Full-time staff | 77 |
| Net worth | $48.7M |
| Net worth ratio | 8.7% (p16 of band) |
| ROA (annualized) | 0.23% (p26 of band) |
| Total delinquency | 0.46% (p27 of band) |
| Net charge-offs (annualized) | 0.16% (p15 of band) |
| Loans / shares | 85% (p50 of band) |
| Cash / assets | 9.5% |
| Borrowings / assets | 4.65% |
| Net interest margin | 2.87% (p28 of band) |
| Operating expense / assets | 3.13% (p33 of band) |
| Vehicles % of loans | 15% (p17 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 0% |
| Third-party paper % of net worth | 0% (p7 of band) |
| Vehicle delinquency | 0.55% (p37 of band) |
| Vehicle NCO | 0.36% (p23 of band) |
| Repossessed % of vehicle book | 0.00% (p19 of band) |
| Real estate % of loans | 60% |
| Credit cards % of loans | 0% |
| Unsecured % of loans | 4% |
| Commercial % of net worth | 166% |
| Core shares % of member funds | 58% |
| Certificates % of member funds | 20% |
| Average share balance | $11,052 |
| Participations bought / yr | $3.1M |
| Participations sold / yr | $0 |
| Participations outstanding | – |
| Loans outstanding per 100 members | 33% |
| Loans granted per 100 members, annualized | 12% |
| Average loan balance | $54,541 |
| Loans granted, annualized | $71.9M |

## Flags firing in the latest filing

- **thin capital** (`cap_low`)
- **delinquency rising** (`aq_dq_rising`)
- **members leaving** (`shrink_members`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 2 | thin capital, losing money |  |
| 2016-06 | 2 |  |  |
| 2016-09 | 1 |  | losing money |
| 2016-12 | 1 |  |  |
| 2017-03 | 1 |  |  |
| 2017-06 | 1 |  |  |
| 2017-09 | 1 |  |  |
| 2017-12 | 1 |  |  |
| 2018-03 | 1 |  |  |
| 2018-06 | 2 | members leaving |  |
| 2018-09 | 1 |  | thin capital |
| 2018-12 | 1 |  |  |
| 2019-03 | 2 | delinquency rising |  |
| 2019-06 | 1 |  | members leaving |
| 2019-09 | 1 |  |  |
| 2019-12 | 1 |  |  |
| 2020-03 | 0 |  | delinquency rising |
| 2020-06 | 0 |  |  |
| 2020-09 | 1 | net worth falling |  |
| 2020-12 | 2 | thin capital |  |
| 2021-03 | 3 | margin squeeze |  |
| 2021-06 | 2 |  | net worth falling |
| 2021-09 | 3 | members leaving |  |
| 2021-12 | 2 |  | margin squeeze |
| 2022-03 | 4 | losing money, delinquency rising |  |
| 2022-06 | 3 |  | losing money |
| 2022-09 | 3 |  |  |
| 2022-12 | 4 | net worth falling |  |
| 2023-03 | 1 |  | members leaving, delinquency rising, net worth falling |
| 2023-06 | 3 | delinquency rising, members leaving |  |
| 2023-09 | 3 |  |  |
| 2023-12 | 3 | assets shrinking | delinquency rising |
| 2024-03 | 3 | losing money | assets shrinking |
| 2024-06 | 2 |  | losing money |
| 2024-09 | 1 |  | members leaving |
| 2024-12 | 3 | delinquency rising, members leaving |  |

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

- 2026-05-11 [LA Financial Federal Credit Union $725K Data Breach Settlement - Claim Depot](https://news.google.com/rss/articles/CBMib0FVX3lxTE5Ia294NzFwQW9jTXRlczlrQkRvUGpyR09yT2ZhSXVYaC1DR1ZBeC1IcDFkM2tBOUU0UDJHLVJwcUJ1V2xwZzVTZ1dmSVg0Y25TVWJ6MVRuYXgwY0tNM0V0OXE1OFd5YzVVS3d6emNwNA?oc=5) · Claim Depot
- 2026-05-15 [California Credit Union Settles Class Action Data Breach Lawsuit for $725,000 - CUTimes](https://news.google.com/rss/articles/CBMisAFBVV95cUxPMm4wUTV3emNWdlJUMm5IQXpkWUZEZjFiSjFJX0psaTVINGU0aFp4ZnM2WUhZajJtVlZiZWpTLTNpYmYxOS01ODVmb2dsY2ZRMHJUWTZLSUcyYjRZaUIxUW1MNW9PZkRHT05NMkJ1OG1CV0NZRzhmTkxSdnZGNlRYOHB5cUNrekpqUVozT19UQjdRLVZNYXNsUTNQOGF0TGRRNTUxcFlaXzZydTFuaG12Rw?oc=5) · CUTimes
- 2025-06-04 [CREDIT UNION OF SOUTHERN CALIFORNIA COMPLETES MERGER WITH LA FINANCIAL & HAVASU COMMUNITY CREDIT UNION - PR Newswire](https://news.google.com/rss/articles/CBMi7gFBVV95cUxNTnpLNmlQb1dzS2YtVzdldnpuN0Z1ZWtwX0lEZTJXUnpGZXZaa1ZoVzBLckdsYkR2aG9yRjh5bkVocjQtUmZXZ0ROMDZGNXdUd09qSkd2dTBaSnRuX3FhOEpWblJ0MHlxdUVSR2VnRnVwaXZrNVFtOGJwZzBLSFlxQUN4RDNJcHZfbkpYdG9rT005djU1eUxRUDdWLU1nYXIyRms1S3d4MUUwdXRnMUpBZGRPV2tRcjV2ZlRJRkREUTkwZ2RTeFVqUVhGOGc3M1RPX1h6ZVFuZkstUEY0QjYxOVNrVENveDEwSDg0SEVB?oc=5) · PR Newswire
- 2021-12-03 [LA Financial Credit Union ATM Fee Class Action Settlement - Top Class Actions](https://news.google.com/rss/articles/CBMiuwFBVV95cUxNVk5GMzVZTE94eW5DRVdscDFacDN3QXZYNTV4S3FyQ0RJbDAwYi1vMnBVaFFxR0trZ0tMcDg4ejNybHFIR0s4SlhTajJlTlUtdndybFM0eHBNMlllU1NRYndYUWZFT2t6YzNRaFJTRXd6MHUwZzdCVktIZlg5VjlLSzc4U3gxR0FJZnRGVlEzRUJ3VjZWT2N0NmRjS0FCcXJrNERmOXgwbFByZkluZEIzWmpUek1qMkloYmhZ?oc=5) · Top Class Actions
- 2025-06-11 [Havasu Community Credit Union completes merger with CU SoCal, retains local identity - Havasu News](https://news.google.com/rss/articles/CBMi-AFBVV95cUxOY2Rhd3VnNnhLT3ZuM1ZoMG9fRHVBOV80emRwbzIzREhUXzZvZmgzUUpWNmpzV2hkOHRoa2JOcDY4NjVVa0ZqTlg5WVlzMVpRa3BJdU1MRHFVU1ZURDVzQTFSSTdWeWdTY2hpZkZQOWdLT0stbEc2OU04MUlNX0JkU1FWb1hXcmVlVnNDSkM2czdUb0FhVFY0V053V1ZZZFg0YVFyZ215VVYzS0o0MmQ3Z3VXcGFCX1BpSFNaaUI2Tnp2ZTdqMExlVVRrMVFXX2QxOGhqWGJ5V0EtRThHNENEQXBCTEVJbm9NWUZvMnBCRktEcFV1cFdqUA?oc=5) · Havasu News
- 2018-11-19 [Rep. Grace Napolitano (D) is the 31st richest Californian in Congress. - Los Angeles Times](https://news.google.com/rss/articles/CBMif0FVX3lxTE5Vcjh5bFJNQU5qTkFyOVNCU0JzeV9wTHdpdGNxTklrYkFCM183czktaUR3YTB0V2s5R211MmYtbzVGeWU0djdUakdaU21YeUZkbUdLRHdCYjBvV0V2ajlQeHUyWV9uNkhwTXhzVERSdUFaOHk5MGdPSGdjSWRFRGc?oc=5) · Los Angeles Times
- 2024-10-03 [Ronald McDonald House's Shine Gala Set for Oct. 12 - outlooknewspapers.com](https://news.google.com/rss/articles/CBMi3AFBVV95cUxNYXYySnFLaG96MVJicTNoaHVHNUQyQ3pXekZzMUhNOVpGNFlLLW9CaGlPSkRKTDYwTmNoLWRiMGM0UXZKMTA3VThMclNMNjFwU0MtUGNFWFFEbjVISUREM3ZiREgxaFMtV1J0QjFiQ005cmdOM1FsQlkwZHM0T2xQWW94V2pXSUhndE42U2FqcFVJU3hJYWdsVUpWSUJ0SnhtTW45NDd2aXBUMDJka3dOOG5LRU1RWFpmMnhkc05rTllWaTBDT3FKbHdDWHhVSlRfZjlhTFBPYmxrek9D?oc=5) · outlooknewspapers.com
- 2024-09-16 [Ronald McDonald House Pasadena Celebrates 20 Years with Gala Event - Pasadena Now](https://news.google.com/rss/articles/CBMipwFBVV95cUxQSWd1T2dhVXZfbVJ2X2VnSm1YOEx3UzZmc2lzdE9KWk41VXdwaW9KYVFTR2FabXRVcFZMaEV4U2h1eHdnT21jZlhQaHEtXzFhVEVST2x0QW5SWFRubkQ1V3NVYjFNUTZvWld5U1ZrODdOZEc3R0hYZ1RGTm1uUUdJeTV6cGptQ0wzSFFTT3VrRElqQ1ZwQUJ0VmQwTXRTcWIwMTRhWHd6Zw?oc=5) · Pasadena Now

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=2024 (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 "2024", 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=2024
- 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