# MODESTO'S FIRST
MODESTO, CA · NCUA charter 4022 · asset band $50-100M · latest filing 2026-03 · live
Share link (named URL with a preview card): https://getbookiq.com/cu/modesto-s-first-4022

Who the members are: federal charter, community charter, organized 1940, low-income designated. 3,477 members of 225,000 potential (1.6% of the field); checking penetration 47% (share draft accounts per 100 members); loans per 100 members 67.

**Verdict on the desk:** this could be *ordinary*. Composite score 3 of 18 (one point per flag across 17 flags, capital below 7% counted twice).

## What the filing shows

| Measure | Value |
|---|---|
| Total assets | $72.2M |
| Members | 3,477 (7.1% YoY) |
| Full-time staff | 8 |
| Net worth | $6.4M |
| Net worth ratio | 8.9% (p10 of band) |
| ROA (annualized) | 1.19% (p75 of band) |
| Total delinquency | 0.45% (p40 of band) |
| Net charge-offs (annualized) | 0.65% (p79 of band) |
| Loans / shares | 80% (p83 of band) |
| Cash / assets | 25.7% |
| Borrowings / assets | 0.00% |
| Net interest margin | 3.48% (p40 of band) |
| Operating expense / assets | 2.46% (p14 of band) |
| Vehicles % of loans | 43% (p51 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 42% |
| Third-party paper % of net worth | 151% (p91 of band) |
| Vehicle delinquency | 0.85% (p64 of band) |
| Vehicle NCO | 1.13% (p84 of band) |
| Repossessed % of vehicle book | 0.21% (p90 of band) |
| Real estate % of loans | 46% |
| Credit cards % of loans | 3% |
| Unsecured % of loans | 7% |
| Commercial % of net worth | 0% |
| Core shares % of member funds | 46% |
| Certificates % of member funds | 50% |
| Average share balance | $11,118 |
| Participations bought / yr | $0 |
| Participations sold / yr | $0 |
| Participations outstanding | – |
| Loans outstanding per 100 members | 67% |
| Loans granted per 100 members, annualized | 22% |
| Average loan balance | $22,437 |
| Loans granted, annualized | $17.5M |

## Flags firing in the latest filing

- **thin capital** (`cap_low`)
- **net worth falling** (`cap_falling`)
- **3rd-party paper>100% NW** (`str_thirdparty`)

## Warning timeline

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

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

- 2026-05-12 [Payday loans trap Stanislaus County residents in debt cycles. How to break free - modbee.com](https://news.google.com/rss/articles/CBMiZkFVX3lxTE00c1ZSeENEM2ttSjY2RmlxN3R5T3NNUHJSNm5odTNDUlhTdUhyM1JFaGJWTkpySmczUTJkMGprTUlVMU84YUhnNjRZdmsyR0tpaHBRYUhTeHlUU1ZSUVpxaTBUSjA1QdIBZkFVX3lxTFBNbWdnZUwwLVpuVGo1SUQzaWZ4OWZGa1l2NWxlNFZiTV92UHF0SkItQmdjTVIwRDZfN0tVbnpJTk15a256YUZwWEtUVC0wZUItRzdXRWFxUS1EaFhYcDU0SENMcWE5QQ?oc=5) · modbee.com
- 2025-10-21 [Keith Bauman Obituary (1940 - 2025) - Coulterville, CA - Modesto Bee - legacy.com](https://news.google.com/rss/articles/CBMijwFBVV95cUxOdFVLdkZQM05qODBVX2FxMXF3Vm94WktMaFN6WWtaQkJRWEFKYVNHTFdrNUVubkJpUWNGdHFHQmNySWlrYXI4TEwxdmpJQ0xYWnFZQ3JhcDNGbTBVQkJ2Sl93X1UzQnhMRDFZUlVkY0hfLTh0dHJ5YXpSZ1BzRmVudWwwVmJub2NsdXE3cmhBRQ?oc=5) · legacy.com
- 2023-01-17 [New Community Advisory Board members bring fresh eyes to Modesto Bee editorials - modbee.com](https://news.google.com/rss/articles/CBMicEFVX3lxTE85RUlfTlZITllJU2NMemZfb0NSYmxvVkFSZ1VLWURLaUxaWjhQVEc5b1l2Rm9oeUI2WDJJc2dsVElQc0w5UUt5V3lKeWRRV3JQbjZJSG1aR085QkNuNDRhQjMtUUtYNlhDdmFoMV9xb0vSAXBBVV95cUxNcWtEendaemRvOEs2R0ZLMjdiQmJRR253MDluX1Z4ZFI2Tlprc1ctQ3pFLWp6UWo2eW1iX3FxMFlNX2d4dUdhcXcyeDNEUmlMQ092ZmJhSlJMWVJlZkFLdW1BSG1mSkZwWUxSZXpmTUNH?oc=5) · modbee.com
- 2004-12-25 [Jannet Valencia's loss felt by broken-hearted athletes - Ceres Courier](https://news.google.com/rss/articles/CBMimAFBVV95cUxPZ2E2d0tOaXlCeUk1QU1GWENqYWYyMkxhYlI0NVpnMlJwQmZJaGp4SFBTcWlPN2ZHNkdwMzcxQXhURHlUNlJZLXRwdTJVQUViYmM3Mmd2aEp5ZlFCTE5DR2VzMDlITjZCUmtUVGZWWnZDdnRKell1T19tLVdPbWF6cHR0YXMxaDZvU29TLWQ3Yl9BbjlIZ2JBLQ?oc=5) · Ceres Courier

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=4022 (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/54.json (key "4022", 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=4022
- 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