# PARSONS
Pasadena, CA · NCUA charter 22141 · asset band $200-500M · latest filing 2022-12 · stopped filing after 2022-12 (departed; for a credit union that is almost always a merger)
Share link (named URL with a preview card): https://getbookiq.com/cu/parsons-22141

Who the members are: federal charter, multiple common bond, organized 1975. 10,246 members of 23,000 potential (44.5% of the field); checking penetration 68% (share draft accounts per 100 members); loans per 100 members 55.

**Verdict on the desk:** this could be *too clean*. 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 | $284.4M |
| Members | 10,246 (18.6% YoY) |
| Full-time staff | 25 |
| Net worth | $28.0M |
| Net worth ratio | 9.8% (p44 of band) |
| ROA (annualized) | -0.51% (p0 of band) |
| Total delinquency | 0.19% (p22 of band) |
| Net charge-offs (annualized) | 0.34% (p80 of band) |
| Loans / shares | 67% (p33 of band) |
| Cash / assets | 9.4% |
| Borrowings / assets | 0.00% |
| Net interest margin | 1.98% (p5 of band) |
| Operating expense / assets | 2.63% (p21 of band) |
| Vehicles % of loans | 24% (p23 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 0% |
| Third-party paper % of net worth | 0% (p23 of band) |
| Vehicle delinquency | 0.37% (p46 of band) |
| Vehicle NCO | 0.99% (p95 of band) |
| Repossessed % of vehicle book | 0.00% (p27 of band) |
| Real estate % of loans | 55% |
| Credit cards % of loans | 2% |
| Unsecured % of loans | 5% |
| Commercial % of net worth | 87% |
| Core shares % of member funds | 41% |
| Certificates % of member funds | 29% |
| Average share balance | $12,920 |
| Participations bought / yr | $5.0M |
| Participations sold / yr | $0 |
| Participations outstanding | – |
| Loans outstanding per 100 members | 55% |
| Loans granted per 100 members, annualized | 12% |
| Average loan balance | $31,030 |
| Loans granted, annualized | $88.6M |

## Flags firing in the latest filing

- **losing money** (`earn_negative`)
- **delinquency rising** (`aq_dq_rising`)

## 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 | 1 | assets shrinking |  |
| 2017-06 | 2 | delinquency rising |  |
| 2017-09 | 1 |  | delinquency rising |
| 2017-12 | 0 |  | assets shrinking |
| 2018-03 | 0 |  |  |
| 2018-06 | 0 |  |  |
| 2018-09 | 1 | delinquency rising |  |
| 2018-12 | 1 |  |  |
| 2019-03 | 2 | net worth falling |  |
| 2019-06 | 1 |  | net worth falling |
| 2019-09 | 1 |  |  |
| 2019-12 | 2 | net worth falling |  |
| 2020-03 | 2 |  |  |
| 2020-06 | 3 | losing money, leaning on borrowings | delinquency rising |
| 2020-09 | 1 |  | net worth falling, losing money |
| 2020-12 | 0 |  | leaning on borrowings |
| 2021-03 | 0 |  |  |
| 2021-06 | 1 | net worth falling |  |
| 2021-09 | 1 |  |  |
| 2021-12 | 0 |  | net worth falling |
| 2022-03 | 2 | losing money, delinquency rising |  |
| 2022-06 | 3 | net worth falling |  |
| 2022-09 | 1 |  | delinquency rising, net worth falling |
| 2022-12 | 2 | delinquency rising |  |

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

- 2026-08-12 [Grant Open to L.A. Teachers Through California Credit Union - lamag.com](https://news.google.com/rss/articles/CBMikAFBVV95cUxNQUJjTC1kMUpZa0ZSblo0VTFfb0t5YXFXbUR1aThWUWI2TTBWc3FZZGF5MG9acDJxcUEyQmlNV1I0RDBzUHlZcE5BRnFKUjBBdHg2Y0RvZFRRQ0d1dU1WMTZ5dUR4dGdKcUo1STRtcEVPMEd4UUNVZ0w0aFotdGNaU0d1cVF1VnVUbGJDeHJFUUI?oc=5) · lamag.com
- 2026-05-27 [Happy Money Crosses $7B in Loan Originations, Appoints Tim Parsons Chief Risk & Analytics Officer - PR Newswire](https://news.google.com/rss/articles/CBMi5AFBVV95cUxQWU14N1ZQNWlpM1ZTUlhvRmlpb29MS1NfMnd3ZUVFOFhVb004aUZJd1Y1MUZKV1RJQ2FKcUNpcHVNQ1VZRXhRT0d4Rk5yVFNha2xyRHlDSlNiY2RIajJiYWwzT2traUNTMGU3QjFWMjN2MUFwUEF1QlJSNnVqUFJVajRVdjY3SElBdDc2MGFnVHZJdUNWTWpFaVdXaDk5SEh0NUhvQ3F2WXZTckNYYmNWLUlQVFVqb0FTdE5LZjI0MlZJUU5CcEVLMU1laUkwdEowMjNhWW5VUEdpLU1OSnBMenpKUmk?oc=5) · PR Newswire
- 2022-12-06 [Charlotte-based Skyla Credit Union to merge with Parsons Federal Credit Union - The Business Journals](https://news.google.com/rss/articles/CBMinAFBVV95cUxNY2FJeDhHcTlPQlFLdWZWREVYOWZONnJxNVE2Zi1yOGJMZmZDSVc3UXB4dHpnWFFzeG1zVTNWSFJBMFh3enZHUEJ2MkpzNVloMEZtZUtsSEdXZ1I3N0VYNEFHZWc3VklfNnFJc0hDcG84MkNvR1E2ZExrOE9WeUh6ZFlZUDBudmtxNjkwa0lrN2NJcHNTTE9zZXNSbm4?oc=5) · The Business Journals
- 2026-04-17 [Tamara Hubler Obituary - West Des Moines, IA - Dignity Memorial](https://news.google.com/rss/articles/CBMijAFBVV95cUxOMS1mZTFKb3RKOUhZcFNoeWxUQ2RyOVhuRElBdXlybjYtbHlOTE42UXBYSDEwaXptdnpyN2JkVmF6Q0w5WVppWnE4YnJTY0xmSm5WYmNRM3hCaGJ1RXhFd2J0WGJTTDBGYldBM3hIZ0pFYXg4SGhtLXBHVW5lYTcwMzh0OWpqTzdkWktVZQ?oc=5) · Dignity Memorial
- 2025-10-09 [First Source dedicates Utica Children’s Museum room to Mike Parsons - Rome Sentinel](https://news.google.com/rss/articles/CBMilwJBVV95cUxQRGxFTkFOLUFRU3ZOYi1HZVZzUThFdUl4OUtQU0hRT29nRGtFTFlabFpmelhzTmotRUx4RDZWeTlmci1ZbXY4T3lmYk0xcl85Rkh5ZDRnVTZMM3NLdk9ubEpZbVpLNUp1VnphekNVTUZaSWU5ZmQwckQ4RUpJenVPWGpnWl96MjRkWFJUYXlHNmU3aF82ZHZuejJNRlN2Skw1eGQ4YzNOWmlsdVQ3UFNncmZfd0QwMEVXckc0VGVLeFlMWDhwMmk4OENLQzlQQk9ldzNpNU1DeEVOR1F3WkVNWS1xWnctODBtb2czU1FkRjNmNVRRcnhXZWdiSjZmZER2T29vODFPYmMxRXIxb3NxSmJISzh1c0E?oc=5) · Rome Sentinel
- 2023-08-04 [Pasadena’s Parsons Federal Credit Union Becomes Skyla Credit Union on Monday - Pasadena Now](https://news.google.com/rss/articles/CBMipwFBVV95cUxPcUpnUDlNQlUtbG9yS1BjSHlsZkVNZ1NoVE8zSUtUdkZSTFp5YVZ0c1NHZ29SdTN6Mm5kUWJ6eHhUNmpIWVZwalYxODUwLTdNTFpOcU8xdFdGQVp2N2c0OC1XWTZSOXRBQnlicmgxcGhrMDk5dU9pVlZaazI2QkNIZmFCR29RWVBkODFQakgyenpjVVZhaUVXLVZhLUlvMjRvWHBKUmdoZw?oc=5) · Pasadena Now
- 2024-07-02 [2012-2024 List Of Failed Credit Unions - Bankrate](https://news.google.com/rss/articles/CBMib0FVX3lxTFBqUTBmbUhvaEh6UXpMOERnZTMzUjU2djBQVUVxMHd4UmZFRF84OWFtelZtZXQ3eTF5ZE5fbE5YVTRIUWd2dDVDWjZxZ3F4d3gwRFhMV2FyT21RWXlTLVVoRTE5Z0R1Ql9iMHVmYndZUQ?oc=5) · Bankrate
- 2022-03-17 [Parsons Federal Credit Union appoints Allen H. Gharapetian as Vice President of Marketing - CUInsight](https://news.google.com/rss/articles/CBMiyAFBVV95cUxOamNvSzctMzJiNFpmWFltck11aXRnbHRhOHp0UThLS2pIYU9WOHF1T1FwX0g5aFNaTE43OTBEY1RTeFNtZ2dPWGpoeVA4Rlg1Umlmb0VQSHZRUE9ab0NyS0dyUmFtZHZLRXZicG13bm9xdVkzR05hVUJxdFRzQnoyei1WTmdNMHVIeEU2X1drVGxyQkRBT1BsSVJ5dDgwLTNyQVNIWWZ0aW5kcG5zdkJoR2FIUFEzcmVXUHpxOTdtaTBrYVNwZnA1cQ?oc=5) · CUInsight

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=22141 (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/61.json (key "22141", 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=22141
- 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