# POLAM
Redwood City, CA · NCUA charter 21502 · asset band $50-100M · latest filing 2026-03 · live
Share link (named URL with a preview card): https://getbookiq.com/cu/polam-21502

Who the members are: federal charter, multiple common bond, organized 1973. 3,794 members of 8,000 potential (47.4% of the field); checking penetration 68% (share draft accounts per 100 members); loans per 100 members 36.

**Verdict on the desk:** this could be *ordinary*. 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 | $73.6M |
| Members | 3,794 (-2.4% YoY) |
| Full-time staff | 14 |
| Net worth | $10.0M |
| Net worth ratio | 13.6% (p59 of band) |
| ROA (annualized) | -0.75% (p4 of band) |
| Total delinquency | 3.43% (p99 of band) |
| Net charge-offs (annualized) | 0.09% (p31 of band) |
| Loans / shares | 92% (p96 of band) |
| Cash / assets | 13.2% |
| Borrowings / assets | 0.00% |
| Net interest margin | 2.89% (p13 of band) |
| Operating expense / assets | 4.17% (p71 of band) |
| Vehicles % of loans | 8% (p3 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 0% |
| Third-party paper % of net worth | 14% (p66 of band) |
| Vehicle delinquency | 10.57% (p100 of band) |
| Vehicle NCO | 1.04% (p82 of band) |
| Repossessed % of vehicle book | 0.00% (p38 of band) |
| Real estate % of loans | 83% |
| Credit cards % of loans | 0% |
| Unsecured % of loans | 0% |
| Commercial % of net worth | 17% |
| Core shares % of member funds | 75% |
| Certificates % of member funds | 15% |
| Average share balance | $10,158 |
| Participations bought / yr | $5.6M |
| Participations sold / yr | $0 |
| Participations outstanding | $4.6M |
| Loans outstanding per 100 members | 36% |
| Loans granted per 100 members, annualized | 5% |
| Average loan balance | $42,428 |
| Loans granted, annualized | $8.4M |

## Participation posture (from the same filings)

Bought $5.6M and sold $0 in the latest annualized quarter; $4.6M outstanding purchased (45.6% of net worth), $0 sold and retained. Sold in 0 and bought in 3 of the last 8 quarters. Shares -2.1% year over year.

## Flags firing in the latest filing

- **losing money** (`earn_negative`)
- **delinquency 2x band** (`aq_dq_high`)
- **delinquency rising** (`aq_dq_rising`)
- **loan book shrinking** (`shrink_loans`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 0 |  |  |
| 2016-06 | 0 |  |  |
| 2016-09 | 0 |  |  |
| 2016-12 | 1 | net worth falling |  |
| 2017-03 | 0 |  | net worth falling |
| 2017-06 | 0 |  |  |
| 2017-09 | 0 |  |  |
| 2017-12 | 0 |  |  |
| 2018-03 | 1 | delinquency rising |  |
| 2018-06 | 1 |  |  |
| 2018-09 | 1 |  |  |
| 2018-12 | 2 | loan book shrinking |  |
| 2019-03 | 2 | delinquency 2x band | loan book shrinking |
| 2019-06 | 3 | loan book shrinking |  |
| 2019-09 | 2 |  | loan book shrinking |
| 2019-12 | 0 |  | delinquency rising, delinquency 2x band |
| 2020-03 | 0 |  |  |
| 2020-06 | 0 |  |  |
| 2020-09 | 1 | net worth falling |  |
| 2020-12 | 1 |  |  |
| 2021-03 | 1 |  |  |
| 2021-06 | 3 | delinquency 2x band, delinquency rising |  |
| 2021-09 | 2 |  | delinquency 2x band |
| 2021-12 | 1 |  | net worth falling |
| 2022-03 | 0 |  | delinquency rising |
| 2022-06 | 0 |  |  |
| 2022-09 | 0 |  |  |
| 2022-12 | 1 | assets shrinking |  |
| 2023-03 | 2 | delinquency rising |  |
| 2023-06 | 1 |  | delinquency rising |
| 2023-09 | 2 | delinquency rising |  |
| 2023-12 | 1 |  | delinquency rising |
| 2024-03 | 3 | losing money, loans>95% of shares |  |
| 2024-06 | 3 |  |  |
| 2024-09 | 3 |  |  |
| 2024-12 | 4 | net worth falling |  |
| 2025-03 | 2 |  | assets shrinking, net worth falling |
| 2025-06 | 1 |  | loans>95% of shares |
| 2025-09 | 4 | delinquency 2x band, delinquency rising, loans>95% of shares |  |
| 2025-12 | 5 | assets shrinking |  |
| 2026-03 | 4 | loan book shrinking | loans>95% of shares, assets shrinking |

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

- 2026-03-30 [Residents Call for Safety Measures after Accident at Larchmont and Clinton - Larchmont Buzz](https://news.google.com/rss/articles/CBMiwgFBVV95cUxOeTduU2dGVzdOVG80b1lTSExGcEtHRERnZ0QxaHN6cEpSTzMwTkpDUUQ3bGNVclN5TWpNLTQ2c1A5Q3h5TUFseGM1bzJydUMwTno2OWZfVXZWMHphX3VVdmszRnpRZ1RwYWozMTFLN3N0VmFOdnFnamMtUzFzQVA2dXJpY3ZuMkNqRlpTbklXWVROS0R6bkZ3c1ZfQTBJTjlHY25CNkdKUEpRUmxWd3FrZWJQRlhKcUZSTGxua3ZKQjJBUQ?oc=5) · Larchmont Buzz
- 2019-08-01 [50 and growing, POLAM Federal Credit Union on Larchmont - Larchmont Chronicle](https://news.google.com/rss/articles/CBMijwFBVV95cUxNc3p5M3lISjlDLXRjQ1d1QzBTOVlqLTREdWpIN195cDV6TGNvdmRocG9pVU9CZTZRaHlFNmoya3JOWUpjWUxnZnlZaVFIUHVaNlZhTmpVc0lJUlhLczd5QzUwNlBQSTZoYzRmRHFNM0hyVHNTaXZreW9yZTJsUFhESDhub1plQ19HVkZMY1dwMA?oc=5) · Larchmont Chronicle
- 2025-12-06 [The CEO Who Pays People to Show Their Debit Card - Larchmont Buzz](https://news.google.com/rss/articles/CBMiogFBVV95cUxQNUgzcGItLVE5Xy1rZjlIVFcxb3huX1hDTFlhS3dJcEpOelRyR0ljMmZzZ3o3clplZ3JVU29aTUg3Zm9ENFh1ZjZlVldMdE95bG1HdEstZkUzWF9uekdaU0ZYcTV6UEFxN3NFQ0ZVbzgwNjBLLUlIZldaZzFHN3JCRFh0YmJOSjNoaVpSbkFJTGVaODg5NzNRaFAyVXFxanRuVVE?oc=5) · Larchmont Buzz
- 2026-06-23 [Judge Denies Fiserv Motion to Dismiss Credit Union Lawsuit - PYMNTS.com](https://news.google.com/rss/articles/CBMiowFBVV95cUxPano1Z3BNNDZEcndVakkzNC1xZ3RZSWQ4R3M4ZVc0M1hteFZEYTJhRXJIbmFaUGxLQ3N2MEFCUmxGNjBlNjFHS0RldWd1eTFWWi15X1dNWEQwQ09veTd6Wk1wMDFTSEZxWEdMQ0RoRDhCTkZRdnktZUJnbmZaLVRJSjBMM3lYbkVKdkJicGtEVjVLeWRxWjMwYVJYa2dSZzRjM3Nj?oc=5) · PYMNTS.com
- 2023-09-28 [Jennifer Audette Named One of Credit Union Rock Stars of 2023 - MyBurbank.com](https://news.google.com/rss/articles/CBMijAFBVV95cUxNanFLZkJSdDdXSENzTjFmT2pDbUtEUW1KMzh0TExzeVJ3UmoxdGZLeG9KS1d1WVJ4UHVYTFhNcDJacGZJbmFzLXZtS2RuN0luQzVuRDJWdjNoOWRZaDBPQlNFQmNkajRsblZnWE9FSkxaenR1dlB4N2JHblZVWndRRk9SZGtzMUdvdGMtTA?oc=5) · MyBurbank.com
- 2026-08-27 [POLAM Federal Credit Union Data Breach: Edelson Lechtzin - GlobeNewswire](https://news.google.com/rss/articles/CBMinAJBVV95cUxQR3NIWnhFV2h4RkVhNFlQcE5QVGoxTE5sakk3cnpIWk1zVGw0M1IxenRZVUxodW1iMjN5dkgyUGJZYm16UVY1enM5QTBFeHd3YUpIUEtzZ1ZGSmo5Q3YyNXNaejl0VXphUFVBckJqZW5Eby1acTJhck1zU0cwN1l0ajVXbFR5T1JuUTNFWjJkb2NhRGx4OEwxT19VeXFhMjE5VDZyWDJKa1dhMjhJSUlIM1NKdlZvQ1ZkaEF3dXRyMFc4SUhkbU5vM2FaQzdhSWtGX2wwS1NtcnRzZFdqcUMtU3RRdGdDRnFlT1V1LVhVM3o3Y2tUTTNIbEVwbGVqenZwZ0U2MzZEamttUkpHeEljb0JPSUtiTExLTmJ6NA?oc=5) · GlobeNewswire
- 2026-06-23 [Judge rules against Fiserv - Payments Dive](https://news.google.com/rss/articles/CBMid0FVX3lxTFBZUmM2ZE56Nm1BTkFBRG9Md2VCeTd4MVJWZmxZdVg0MGlsSVNkNVBKQWtKVEo3dk5VZ21ReWJEVExUU1BUM3JxUHN3c1N2cGRuaDE0eVpJNEpwbkxOcVkwR244QkxfOTJ6WEN0aEMtUU4wZmM3bG04?oc=5) · Payments Dive
- 2015-09-04 [Sacramento credit union employee sentenced for embezzlement - Sacramento Bee](https://news.google.com/rss/articles/CBMibEFVX3lxTE9kX0tWWmx2ekswSU55SDExWFRiaWtDZnQ3dk14Zk9tNWtZZ0FjdWpvN010dGxQbmJ5RWRXMmc4bEtod2E0WWJxTjg1cVJ5VTRoZGdwR3VSZnRDdlM2ckpJdDA0S0ZTWHp3YjRPM9IBbEFVX3lxTE9maFBMTXVjZ1VyalhtNW9GTFo5eEp3bFZSOTA4ZFBHNGxPSXFWTGUxaE1CbGdZWTBqNDhSNmtOakpueTNaWlpXMVRNdnNoTDFwbHIzQjk5OXl3ejc1bjJidGM5dEU2SnJsMTY2WQ?oc=5) · Sacramento Bee

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=21502 (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/62.json (key "21502", 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=21502
- 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