# SCHOOLSFIRST
SANTA ANA, CA · NCUA charter 24212 · asset band >$10B · latest filing 2026-03 · live
Share link (named URL with a preview card): https://getbookiq.com/cu/schoolsfirst-24212

Who the members are: federal charter, educational (single sponsor), organized 1934. 1,568,368 members of 3,299,844 potential (47.5% of the field); checking penetration 85% (share draft accounts per 100 members); loans per 100 members 72.

**Verdict on the desk:** this could be *ordinary*. Composite score 1 of 18 (one point per flag across 17 flags, capital below 7% counted twice).

## What the filing shows

| Measure | Value |
|---|---|
| Total assets | $36.74B |
| Members | 1,568,368 (5.8% YoY) |
| Full-time staff | 2817 |
| Net worth | $3.45B |
| Net worth ratio | 9.4% (p21 of band) |
| ROA (annualized) | 0.78% (p54 of band) |
| Total delinquency | 0.89% (p50 of band) |
| Net charge-offs (annualized) | 1.09% (p75 of band) |
| Loans / shares | 71% (p12 of band) |
| Cash / assets | 14.8% |
| Borrowings / assets | 3.40% |
| Net interest margin | 2.82% (p21 of band) |
| Operating expense / assets | 1.98% (p17 of band) |
| Vehicles % of loans | 26% (p62 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 42% |
| Third-party paper % of net worth | 73% (p33 of band) |
| Vehicle delinquency | 0.81% (p46 of band) |
| Vehicle NCO | 0.94% (p29 of band) |
| Repossessed % of vehicle book | 0.10% (p46 of band) |
| Real estate % of loans | 55% |
| Credit cards % of loans | 6% |
| Unsecured % of loans | 17% |
| Commercial % of net worth | 8% |
| Core shares % of member funds | 42% |
| Certificates % of member funds | 39% |
| Average share balance | $7,843 |
| Participations bought / yr | $19.6M |
| Participations sold / yr | $0 |
| Participations outstanding | $320.2M |
| Loans outstanding per 100 members | 72% |
| Loans granted per 100 members, annualized | 24% |
| Average loan balance | $19,674 |
| Loans granted, annualized | $8.63B |

## Participation posture (from the same filings)

Bought $19.6M and sold $0 in the latest annualized quarter; $320.2M outstanding purchased (9.3% of net worth), $0 sold and retained. Sold in 2 and bought in 7 of the last 8 quarters. Shares 11.9% year over year.

## Flags firing in the latest filing

- **net worth falling** (`cap_falling`)

## 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 | net worth falling |  |
| 2017-06 | 0 |  | net worth falling |
| 2017-09 | 0 |  |  |
| 2017-12 | 0 |  |  |
| 2018-03 | 0 |  |  |
| 2018-06 | 0 |  |  |
| 2018-09 | 0 |  |  |
| 2018-12 | 0 |  |  |
| 2019-03 | 0 |  |  |
| 2019-06 | 0 |  |  |
| 2019-09 | 0 |  |  |
| 2019-12 | 0 |  |  |
| 2020-03 | 1 | net worth falling |  |
| 2020-06 | 1 |  |  |
| 2020-09 | 2 | margin squeeze |  |
| 2020-12 | 2 |  |  |
| 2021-03 | 2 |  |  |
| 2021-06 | 0 |  | net worth falling, margin squeeze |
| 2021-09 | 0 |  |  |
| 2021-12 | 0 |  |  |
| 2022-03 | 1 | net worth falling |  |
| 2022-06 | 0 |  | net worth falling |
| 2022-09 | 1 | delinquency rising |  |
| 2022-12 | 1 |  |  |
| 2023-03 | 0 |  | delinquency rising |
| 2023-06 | 0 |  |  |
| 2023-09 | 1 | leaning on borrowings |  |
| 2023-12 | 1 |  |  |
| 2024-03 | 3 | net worth falling, delinquency rising |  |
| 2024-06 | 2 |  | delinquency rising |
| 2024-09 | 1 |  | net worth falling |
| 2024-12 | 1 |  |  |
| 2025-03 | 1 | net worth falling | leaning on borrowings |
| 2025-06 | 1 |  |  |
| 2025-09 | 0 |  | net worth falling |
| 2025-12 | 0 |  |  |
| 2026-03 | 1 | net worth falling |  |

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

- 2026-03-26 [SchoolsFirst Federal Credit Union and community leaders celebrate new Los Angeles Mid-City branch - CUInsight](https://news.google.com/rss/articles/CBMi1AFBVV95cUxQTU5DSmxVVlRZTE11OHNUWFoxYjVWQ0NZTlhrZ1hpM3dNWFh1dnFjT0U2RFItLUhMQmN1b2d5NUpWMjdoelJDdXIwNl9oRlpzQ0JmT1NMUXF6ZTVFVWJxdE1aYVB4TjBMdFAxSUtUbDkxNUtLSXVVSFVibE9WeVZMYkxlSWplZFhjUWNSR1duc2tfQm9Rbk5Qc21NemFIVkpxQm11SWxfNWZ5WXgxNGhmNGtqSVFPTlFzdmFLQWtvR0t3R3MxSmZFNEdQWERpSTAyNkp0Vg?oc=5) · CUInsight
- 2026-05-05 [The 10 Largest Credit Unions In The U.S. - Bankrate](https://news.google.com/rss/articles/CBMidEFVX3lxTFA4ZGZEYmpOV1llV1R3VDk5T1pYcURFb01HcEc0VTQ2RlFfajJfa1UtMi1HRGN6ZDFsaXUzcEVsaDlKZDE5NW9YTkgyWU82V3lWT25sYi1SOXlNSWhlT0p0N1JLbzFKaWJRc2N5dHozMndDbVI0?oc=5) · Bankrate
- 2025-12-09 [SchoolsFirst Federal Credit Union opens scholarship application period for student members - OCDE Newsroom](https://news.google.com/rss/articles/CBMitwFBVV95cUxNMlJyQnlqSVBxVi0tczU2eGt5QS1hZ2VMYm9melRfZm9YNURHdkYtLWQ0NkpFdHFWRDl1V0RSZ0hrdjZNdlM0UEk2cUdrZFduWHdaOERUY1FFMUJCbTdNcXUwbjhlckkzMWdpRmRDdEx5S3M3RHR1T0RqU0RwREV0NFRQblJIb2tuRkJub2tfbjQ0YUpweVNSX1lucjQwemlIbWI1cmlIdVVEeUlnZFdiR0dQWk5IeVE?oc=5) · OCDE Newsroom
- 2025-10-07 [SchoolsFirst Federal Credit Union Partners with the California County Superintendents to Recognize Education Leaders Throughout the State - PR Newswire](https://news.google.com/rss/articles/CBMingJBVV95cUxPNlFodExaTW01V2hGUkR0bWZ5bDhzSzkzVFRtbERDN2t0TTBwTnJJRlkzb1ZvWkpETW1hRk1USFNid25faklPM3pyc3FxTm9JT0puMnU5aTNXZHF4Q1lpRklZTmdKSXBQTGl6QWkwOC1XSWw3SmhadFBwTnc5b2FXd0U2RWs1UHRQTWNiNEZzNjYxQlpBb05LVi1ZcHNRbk0wN0V1clpWUW43aEhVLWhsRUNiaFNrYzYwR2NEZnhOOUdwYUhFOFpwZzBiMHdNd3N6VWg5aGduZGJRWXdUaS1zeG1LTmd4R0kwcGVjLURldk82aU0xMGFRYjZGXzlqbEtick9qQUdzVTFTenpjc0liSi1DT1N6Mkk5UW0zclBR?oc=5) · PR Newswire
- 2025-10-28 [SchoolsFirst Federal Credit Union opens new branch in Burbank - CUInsight](https://news.google.com/rss/articles/CBMipAFBVV95cUxQVGt0MDY0azNGWlJBR3pHTTdyMjBPTHZVZVJ2UnRkdmMxUVJxZXVtbHYzOVB6dG5ncGQxenpwZ3VZeFJyS19yZmE0YjBzNGtjcjhGdTNqYkZZb3IwVnpVeThCNUo4V21Ua1VpbFh4SlM5V3k3bW9zZmZyalZ4a0ZSTm1IQzAzeHdvLWtKZlZmTC11MzhKN0tJQVZzQWNyOE5XZ21wbg?oc=5) · CUInsight
- 2025-03-20 [SchoolsFirst Federal Credit Union Gifts $200K to Support CEIS Programs - cpp.edu](https://news.google.com/rss/articles/CBMivwFBVV95cUxQMndEaC1PRFp6ZV9ndkZkZmhlMGRNYVNNMm1OY0pqZ21zVlgzN1lxV3FTT2dScTl6TjVZQ3VlSWFXd0c1TVVmQWR2cGlBX0xabUJIcjdqSWhwSUhpYjNCWE84X1lWRDJ1eTZaR28tbVRwb0NCbEtmVjFNMGpkM0dRR3l3U01qaXRwZ09JMjZIMi1YXy1IUFNRRzdqUXJMV2NReDRpMFc2NUpBNTVIYjlOTThLd0JSeDZ0aHVkQU9Vcw?oc=5) · cpp.edu
- 2025-04-29 [SchoolsFirst Federal Credit Union Donates $3 Million to CHOC in Support of New Nine-Story Outpatient Tower - CHOC Inside](https://news.google.com/rss/articles/CBMigAFBVV95cUxNc01rTVVGOHBqVllURk5tUlBjRlV0QzZCR3JKVlhzX1IwMWZvZ0dlWkhsUFc4ekp4UHQ5Nm5wOTJ3MkpGcFFidnphQkpyU3kzVFRvcHRSQmdsRmdHcUZRZkxXQTVzNW5QdTFzaTBxMzIyT0FkcTNtbGptVlZOakx0cQ?oc=5) · CHOC Inside
- 2026-08-11 [SchoolsFirst FCU Launches Credit Card Rewards Promotion to Help Members Offset Rising Transportation Costs - Yahoo Finance](https://news.google.com/rss/articles/CBMiqgFBVV95cUxPcnBXM2J0ZEVGOXFBQ3ZERHBMd2dGa2lENUZ1N1VRYmdmUGNUMXpyLUlVZk1sbVdXUEJmckp0NFNLb0dXdDdBSUxOMnc5dTh0eVdib0dDNVZGUVJiOHg5Z1pJSUFOR29MRmxBWlFVX0RyUnVob3NtOFZjSEhTZnVGMzlxMXJRdWtxcTJ0RllMNTRGX3p5Uk5MdXNmdl8ydTJCYzZ6OWM2dWNDdw?oc=5) · Yahoo Finance

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=24212 (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/20.json (key "24212", 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=24212
- 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