# MIRASTAR
San Jose, CA · NCUA charter 24299 · asset band $1-10B · latest filing 2026-03 · live
Share link (named URL with a preview card): https://getbookiq.com/cu/mirastar-24299

Who the members are: federal charter, multiple common bond, organized 1950, low-income designated. 50,198 members of 936,639 potential (5.4% of the field); checking penetration 62% (share draft accounts per 100 members); loans per 100 members 53.

**Verdict on the desk:** this could be *participation buyer*. Composite score 0 of 18 (one point per flag across 17 flags, capital below 7% counted twice).

## What the filing shows

| Measure | Value |
|---|---|
| Total assets | $1.04B |
| Members | 50,198 (5.0% YoY) |
| Full-time staff | 137 |
| Net worth | $101.0M |
| Net worth ratio | 9.8% (p28 of band) |
| ROA (annualized) | 0.53% (p34 of band) |
| Total delinquency | 1.00% (p79 of band) |
| Net charge-offs (annualized) | 0.61% (p60 of band) |
| Loans / shares | 70% (p15 of band) |
| Cash / assets | 6.6% |
| Borrowings / assets | 2.51% |
| Net interest margin | 3.95% (p88 of band) |
| Operating expense / assets | 3.62% (p71 of band) |
| Vehicles % of loans | 29% (p57 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 13% |
| Third-party paper % of net worth | 66% (p29 of band) |
| Vehicle delinquency | 0.63% (p54 of band) |
| Vehicle NCO | 0.89% (p46 of band) |
| Repossessed % of vehicle book | 0.19% (p81 of band) |
| Real estate % of loans | 62% |
| Credit cards % of loans | 3% |
| Unsecured % of loans | 9% |
| Commercial % of net worth | 0% |
| Core shares % of member funds | 59% |
| Certificates % of member funds | 25% |
| Average share balance | $10,242 |
| Participations bought / yr | $0 |
| Participations sold / yr | $0 |
| Participations outstanding | $135.0M |
| Loans outstanding per 100 members | 53% |
| Loans granted per 100 members, annualized | 15% |
| Average loan balance | $23,988 |
| Loans granted, annualized | $216.3M |

## Participation posture (from the same filings)

Bought $0 and sold $0 in the latest annualized quarter; $135.0M outstanding purchased (133.6% of net worth), $0 sold and retained. Sold in 0 and bought in 7 of the last 8 quarters. Shares 4.3% year over year.

## Flags firing in the latest filing

- none

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 1 | thin capital |  |
| 2016-06 | 1 |  |  |
| 2016-09 | 0 |  | thin capital |
| 2016-12 | 0 |  |  |
| 2017-03 | 2 | thin capital, delinquency rising |  |
| 2017-06 | 0 |  | thin capital, delinquency rising |
| 2017-09 | 0 |  |  |
| 2017-12 | 0 |  |  |
| 2018-03 | 0 |  |  |
| 2018-06 | 0 |  |  |
| 2018-09 | 0 |  |  |
| 2018-12 | 0 |  |  |
| 2019-03 | 1 | thin capital |  |
| 2019-06 | 1 | delinquency rising | thin capital |
| 2019-09 | 1 | leaning on borrowings | delinquency rising |
| 2019-12 | 2 | net worth falling |  |
| 2020-03 | 0 |  | leaning on borrowings, net worth falling |
| 2020-06 | 1 | thin capital |  |
| 2020-09 | 3 | net worth falling, margin squeeze |  |
| 2020-12 | 4 | loan book shrinking |  |
| 2021-03 | 3 |  | net worth falling |
| 2021-06 | 5 | delinquency 2x band, members leaving |  |
| 2021-09 | 3 | net worth falling | loan book shrinking, delinquency 2x band, members leaving |
| 2021-12 | 2 |  | net worth falling |
| 2022-03 | 3 | losing money, members leaving | margin squeeze |
| 2022-06 | 3 | net worth falling | members leaving |
| 2022-09 | 2 | members leaving | losing money, net worth falling |
| 2022-12 | 3 | assets shrinking |  |
| 2023-03 | 4 | delinquency rising |  |
| 2023-06 | 2 |  | thin capital, members leaving |
| 2023-09 | 1 |  | assets shrinking |
| 2023-12 | 1 |  |  |
| 2024-03 | 0 |  | delinquency rising |
| 2024-06 | 0 |  |  |
| 2024-09 | 0 |  |  |
| 2024-12 | 0 |  |  |
| 2025-03 | 1 | 3rd-party paper>100% NW |  |
| 2025-06 | 0 |  | 3rd-party paper>100% NW |
| 2025-09 | 0 |  |  |
| 2025-12 | 1 | net worth falling |  |
| 2026-03 | 0 |  | net worth falling |

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

- 2025-12-09 [Seniors treated to new teddy bears in Hollister - SanBenito.com | Hollister, San Juan Bautista, CA - SanBenito.com](https://news.google.com/rss/articles/CBMiekFVX3lxTFBkeTQzWWVZa0FGUmF0aEJxZzB2SHVTXzdqRUVFeUhKOEM2dENpZkNOQ1ZYT0RzR2pQekV2RzZSM0taT0hNTVZDUlBEX1NHQV9QUjdmY25rTUd5V0hwSFRoUWJiYWd4cl9MUlBJdTZPZE9Zb0VWd2pvQ2pR?oc=5) · SanBenito.com
- 2026-09-02 [Mirastar Federal Credit Union Appoints Robert Williams as Vice President, Credit Solutions - GlobeNewswire](https://news.google.com/rss/articles/CBMi8wFBVV95cUxOQWJoY21Lbjd3RVJEQndhVktjQzZIb3R1N180ZV9GM0RhbXJmamNYYUtiQmphSGk0RXAxYkVGSGRfd0xQdVJVWEpFQk9XeVRuX09pU25iNkhHQmxJYXBhLWZaUEkzQ1FBZWxyaFdzT19qTUtMSm9BYTlxTHI2UHpnalJnS2doVndBRVRLVURzWGFyTVNGSHV6eloyWHJJb2V0dlZTUVczZVBUdkUyU1F5cE9wUUZvZGI0WGEwT181NGtwMGxocUJhWHFBN0hSTHRuTDdHRVFUczRWcVVaaFVrWi1LMmdCMDZxbjlvRy1pR25TTTg?oc=5) · GlobeNewswire
- 2026-08-18 [Redwood Credit Union names three senior leaders - The Press Democrat](https://news.google.com/rss/articles/CBMirwFBVV95cUxNdWpxNXEzeWQ0TjFXcHNxQlRBXzk0UGRCV0NPQkhIemRGOHNiSDAweUFLQ3RQM19RYk4ydXR4S1hrdTdPM3JXaWJ4TWoza2tOYXJqcFR2bVV3NHRabXBIQmx4SU9wZDVvc29oUjhleFotMjdGazNSSW1WRWFkYXpnR3pzSktiNHFmTDUzVDBMa2YzYXpUbnNTck1xMXRwZkI0N0hKY2pHTHJwbHNzRDR3?oc=5) · The Press Democrat
- 2025-10-14 [This 5-Month CD Offers 4.45% APY—Plus 8 More Standout Rates for October 2025 - Investopedia](https://news.google.com/rss/articles/CBMiswFBVV95cUxNS1EwOWxvZFA3VFV5WVVxZnI3Sk90SUR4ZXM1d0xqa1gyREpXMzVWcG9kOXoycmJvd3J6d19YT2lfMGFIb28wMUVNUGNockpyMlNHRUlBRk81d3dMRDRQWXhSclN6aVcxaHlCcy1XckZjcmFYdlhza0pkWjQ1amhEVGFiN2JCM0FKSFdrNDltc1NURmppdFlCRGlKNDNuRFZNcHVhSTVYNVdxQk1maEFDel8wNA?oc=5) · Investopedia
- 2026-05-13 [MeridianLink Celebrates 2026 Arc Award and Customer Choice Award Winners - Business Wire](https://news.google.com/rss/articles/CBMiyAFBVV95cUxPdDZIVnJfY2szV1UzX19LbjF0NzViaEV3YW5MLU5HelhlaFNCNkg2ZHhjZ3A2U1ZMelNaakhMNWhhbXItVzVSZkh6N2tPYnNheElneTgtcUVBbDhIWWdiS0xSc2xkbkhfSUtXemNHcHNBRnhHOTBpQWY1T2xISVZ6eTFtSmZlWlFKQi1sUll6YkM1Z0J1U1FIX1ZsQUpyZnFyX1pFMFdvWk1CN3cyN2MwU2Y5d05xUTAtOWJ2YjlkcUxWZjlNSTNINA?oc=5) · Business Wire
- 2025-09-04 [2025 CU Times Luminaries Finalists: Excellence in Marketing - CUTimes](https://news.google.com/rss/articles/CBMimgFBVV95cUxNZnhwU0V1XzhrbXJMX3F1RTVjWjJJYkZCWlN0ekpFcl9HbDd5SHZCWDkzRWZTUjZ0WVRXRURvY1QzYzZqaUZxS3ZwQUZQLXItX3M5XzZFSEt3YVVwZ0lNbFBiWGlXYndEOEE3SmFWeFJ4WjhEbWowVUtyay01cVJUeTJxSThyeTVDUE1rN205b1hXM3dqUnI2Xy1R?oc=5) · CUTimes

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=24299 (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/43.json (key "24299", 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=24299
- 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