# KERN SCHOOLS
BAKERSFIELD, CA · NCUA charter 3804 · asset band $1-10B · latest filing 2019-12 · stopped filing after 2019-12 (departed; for a credit union that is almost always a merger)
Share link (named URL with a preview card): https://getbookiq.com/cu/kern-schools-3804

Who the members are: federal charter, multiple common bond, organized 1940, low-income designated. 148,231 members of 636,702 potential (23.3% of the field); checking penetration 62% (share draft accounts per 100 members); loans per 100 members 36.

**Verdict on the desk:** this could be *ordinary*. 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 | $1.80B |
| Members | 148,231 (0.0% YoY) |
| Full-time staff | 394 |
| Net worth | $183.7M |
| Net worth ratio | 10.2% (p35 of band) |
| ROA (annualized) | 0.95% (p55 of band) |
| Total delinquency | 0.28% (p21 of band) |
| Net charge-offs (annualized) | 0.33% (p44 of band) |
| Loans / shares | 75% (p17 of band) |
| Cash / assets | 8.4% |
| Borrowings / assets | 0.83% |
| Net interest margin | 2.97% (p51 of band) |
| Operating expense / assets | 3.26% (p57 of band) |
| Vehicles % of loans | 24% (p25 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 58% |
| Third-party paper % of net worth | 90% (p34 of band) |
| Vehicle delinquency | 0.51% (p60 of band) |
| Vehicle NCO | 1.23% (p91 of band) |
| Repossessed % of vehicle book | 0.13% (p82 of band) |
| Real estate % of loans | 64% |
| Credit cards % of loans | 2% |
| Unsecured % of loans | 4% |
| Commercial % of net worth | 51% |
| Core shares % of member funds | 61% |
| Certificates % of member funds | 6% |
| Average share balance | $3,182 |
| Participations bought / yr | $179.8M |
| Participations sold / yr | $48.6M |
| Participations outstanding | – |
| Loans outstanding per 100 members | 36% |
| Loans granted per 100 members, annualized | 11% |
| Average loan balance | $22,594 |
| Loans granted, annualized | $344.8M |

## Flags firing in the latest filing

- none

## 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 | 1 |  |  |
| 2017-06 | 0 |  | net worth falling |
| 2017-09 | 1 | 3rd-party paper>100% NW |  |
| 2017-12 | 1 |  |  |
| 2018-03 | 1 |  |  |
| 2018-06 | 1 |  |  |
| 2018-09 | 1 |  |  |
| 2018-12 | 1 |  |  |
| 2019-03 | 1 |  |  |
| 2019-06 | 1 |  |  |
| 2019-09 | 0 |  | 3rd-party paper>100% NW |
| 2019-12 | 0 |  |  |

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

- 2016-04-14 [MIKC: Kern Schools Federal Credit Union - 23ABC News Bakersfield](https://news.google.com/rss/articles/CBMikAFBVV95cUxNLUNKZzRoTFU1MnkyRHRrdU1tN1ZuaE1hUXZCckhRRzI3a2JkRHpBTUYzTENsNko0SUF6cEdzOWdyN3dmZlcyUEZ1TTk2UVV3aWJJUDEzMWxaX0NYdjBiMVM1WXhHbFAtZ0xQbV9XN040cjZ2dDJLY3hZUGtwbnhra3JRXzdyMmp6SHh2X1Z6VGk?oc=5) · 23ABC News Bakersfield
- 2025-04-08 [Julia Middleton Obituary - Bakersfield, CA - Dignity Memorial](https://news.google.com/rss/articles/CBMiigFBVV95cUxNMFV6N0dqUXRMa2MwS2txSFZFUXpPNzYxdkNBWk5RR2FLSFZaeFdBc2s3RVY3SlJOaW42X1FaSWNBV2VvclF3YU5QVVJsMS1jUHBWMzJTOUxuYWw0QUxqb05nT1J0RlBtTlpWdUg4cFlaWmNpSXl0ZktkSzhJOVJYenNUaXlyYlctemc?oc=5) · Dignity Memorial
- 2024-03-10 [April Cooper Obituary (1971 - 2024) - Bakersfield, CA - Bakersfield Californian - legacy.com](https://news.google.com/rss/articles/CBMikAFBVV95cUxPemo0QjNVb2pEcW1JUEpUVE91SDkzODRIeGhpWjV2OEY1M2taOW1uUUF0RHZRMUY1VG1BOXJ0ejVXOWF5aFBHTERIN3B6dmZDeUtPZXptcWtHS2I1dmRDS3R2b1BJeURMYzVUU0h1WFdYUTB0LWJVb240Tl80cDI3dFNsUFEzWVhLQW4tZE1XZmk?oc=5) · legacy.com
- 2018-05-09 [Kern County award teacher excellence - 23ABC News Bakersfield](https://news.google.com/rss/articles/CBMiiwFBVV95cUxOWENGY2pZYjB3VGhoaHRiN0c5SjA0UGQ4dW85SzgyYTJFT2JKSUYwMEVCdWE3Vml5endHaUx0LVFPZWM4UjZGbHZtelJnS1JGUTJOczRhQ1FKNVpsbklCZUVwd3hlZVlFU2VHU1k4OEJJNElUSVBreGhicmF3WDRIN1dTemQ1VnFOYTNv?oc=5) · 23ABC News Bakersfield
- 2018-04-12 [Dillon Wilson Obituary - Bakersfield, CA - Dignity Memorial](https://news.google.com/rss/articles/CBMihgFBVV95cUxPQXBSWE1paFdhallZcFNZWE9nWkRuR29uWEFDVDltSHZHWVF1LVQyd1k0QXM2eEQ5UlZHUzVuV2E5Q0hUU0ViaEREcXN1T3g5Q3R6VU10TjVvWXp5bDZQVklZM2hnTEs0X2NyZEVfYjh4M1NEQ243X3A5eHQ5RGI2ODJvX1Frdw?oc=5) · Dignity Memorial
- 2021-10-21 [Pamela Myers Obituary (2003) - Bakersfield, CA - Bakersfield Californian - legacy.com](https://news.google.com/rss/articles/CBMikAFBVV95cUxPYWRvWmMtQTVMWUI5NmJnSjdla2pldkRHeGUzeHpFSUM1X2JONWpWMXYyVHc5VVYyS2lFejVHeEJxNnYxTDlQYTJsNGZfZG56UkhFbzNGRGpJTEhmWU9nTHZ6bVZ5U0NYeWNySnFoQlBFYUxqb0FmblZsY2NXbVl6LUpqMGJlSXJzM2wwaEtYcC0?oc=5) · legacy.com
- 2017-03-20 [Man meets woman who pulled him from burning car - 23ABC News Bakersfield](https://news.google.com/rss/articles/CBMi0wFBVV95cUxOdWV3S2RiYWlrSEdOYU9ISFE4X2JfUzF1UUE0Vk9JbXlXZ0NWcDMweW5mODZDblJpMkhLNEZHVy01bVB5QzRRZmdjUWpQQ2VPSENaU0pxN0FzWU4teUlac1RiU2Njbm5Ic2NhYW1oYmtqSXN0WlluMU02SkFja05haHBPNGFUdjkyc0ZqMFNCOHRvN2pOQXNHV0ZnV0lyZXpQQ0JTa2ZLUjB1SE1xSEtqOXNwZXFqcEprR1gtTkpWMU85TTQ0OFRmSUR4THhVWUZqUzF3?oc=5) · 23ABC News Bakersfield
- 2021-11-19 [Elden Miller Obituary (2004) - Bakersfield, CA - Bakersfield Californian - legacy.com](https://news.google.com/rss/articles/CBMikAFBVV95cUxPREVXVUJxWHpabDVyY2ZtY0l3V0NLN20tSzMtOGVjUTJDNk4yOUxXVTJlVjJKR3I1OVkyS2h6SU1GdHdpZTJWRDBtNm9TUjB5NmdpZDZlTWZtLVVkM2twVUM2V2xHZTdaOXpXNGZJLXhmdUJxbXE4eWp5R2gweHFKb1FCQTNjQ2E5b3Y5ZThBNDA?oc=5) · legacy.com

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=3804 (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/28.json (key "3804", 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=3804
- 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