# DESERT VALLEYS
Ridgecrest, CA · NCUA charter 5366 · asset band $50-100M · latest filing 2026-03 · live
Share link (named URL with a preview card): https://getbookiq.com/cu/desert-valleys-5366

Who the members are: federal charter, community charter, organized 1946, low-income designated. 5,974 members of 55,000 potential (10.9% of the field); checking penetration 93% (share draft accounts per 100 members); loans per 100 members 71.

**Verdict on the desk:** this could be *ordinary*. 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 | $89.4M |
| Members | 5,974 (1.2% YoY) |
| Full-time staff | 19 |
| Net worth | $8.2M |
| Net worth ratio | 9.1% (p12 of band) |
| ROA (annualized) | 0.69% (p50 of band) |
| Total delinquency | 0.37% (p35 of band) |
| Net charge-offs (annualized) | 0.58% (p76 of band) |
| Loans / shares | 54% (p37 of band) |
| Cash / assets | 41.4% |
| Borrowings / assets | 0.00% |
| Net interest margin | 4.11% (p74 of band) |
| Operating expense / assets | 5.36% (p91 of band) |
| Vehicles % of loans | 42% (p50 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 0% |
| Third-party paper % of net worth | 0% (p25 of band) |
| Vehicle delinquency | 0.67% (p56 of band) |
| Vehicle NCO | 0.56% (p69 of band) |
| Repossessed % of vehicle book | 0.00% (p38 of band) |
| Real estate % of loans | 23% |
| Credit cards % of loans | 4% |
| Unsecured % of loans | 13% |
| Commercial % of net worth | 74% |
| Core shares % of member funds | 68% |
| Certificates % of member funds | 11% |
| Average share balance | $5,341 |
| Participations bought / yr | $0 |
| Participations sold / yr | $0 |
| Participations outstanding | $109,975 |
| Loans outstanding per 100 members | 71% |
| Loans granted per 100 members, annualized | 16% |
| Average loan balance | $10,111 |
| Loans granted, annualized | $17.1M |

## Participation posture (from the same filings)

Bought $0 and sold $0 in the latest annualized quarter; $109,975 outstanding purchased (1.3% of net worth), $749,913 sold and retained. Sold in 3 and bought in 0 of the last 8 quarters. Shares 8.6% year over year.

## Flags firing in the latest filing

- **expense trap** (`earn_opex`)
- **delinquency rising** (`aq_dq_rising`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 4 | thin capital, capital below 7%, expense trap |  |
| 2016-06 | 4 |  |  |
| 2016-09 | 4 |  |  |
| 2016-12 | 4 | net worth falling | expense trap |
| 2017-03 | 4 |  |  |
| 2017-06 | 4 | expense trap | net worth falling |
| 2017-09 | 5 | delinquency rising |  |
| 2017-12 | 3 |  | expense trap, delinquency rising |
| 2018-03 | 4 | expense trap |  |
| 2018-06 | 4 |  |  |
| 2018-09 | 4 |  |  |
| 2018-12 | 4 |  |  |
| 2019-03 | 4 |  |  |
| 2019-06 | 4 |  |  |
| 2019-09 | 2 |  | capital below 7% |
| 2019-12 | 3 | delinquency rising |  |
| 2020-03 | 2 |  | delinquency rising |
| 2020-06 | 7 | capital below 7%, net worth falling, margin squeeze, delinquency rising |  |
| 2020-09 | 6 | leaning on borrowings | net worth falling, delinquency rising |
| 2020-12 | 5 |  | leaning on borrowings |
| 2021-03 | 7 | delinquency 2x band, delinquency rising |  |
| 2021-06 | 6 |  | margin squeeze |
| 2021-09 | 4 |  | delinquency 2x band, delinquency rising |
| 2021-12 | 5 | margin squeeze |  |
| 2022-03 | 5 | net worth falling | margin squeeze |
| 2022-06 | 2 |  | capital below 7%, net worth falling |
| 2022-09 | 4 | delinquency 2x band, delinquency rising |  |
| 2022-12 | 2 |  | delinquency 2x band, delinquency rising |
| 2023-03 | 3 | delinquency rising |  |
| 2023-06 | 3 |  |  |
| 2023-09 | 2 |  | delinquency rising |
| 2023-12 | 2 |  |  |
| 2024-03 | 3 | delinquency rising |  |
| 2024-06 | 2 |  | delinquency rising |
| 2024-09 | 2 |  |  |
| 2024-12 | 1 |  | thin capital |
| 2025-03 | 2 | thin capital |  |
| 2025-06 | 3 | margin squeeze |  |
| 2025-09 | 2 |  | expense trap |
| 2025-12 | 1 |  | margin squeeze |
| 2026-03 | 2 | expense trap, delinquency rising | thin capital |

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

- 2024-07-03 [Desert Valleys announces merger agreement with High Sierra Credit Union - The Ridgecrest Daily Independent](https://news.google.com/rss/articles/CBMi8AFBVV95cUxQSnB1QkVMTWFsTDJaanNhWE1MTlJNd1NkSWpKRWdyR3hPR0tMSFppd01fbVVWWEtEdVNwQk9RamVUelhzSWhJeXNaMU5EM0JNckxZYTlfZXQ3UXI2X1JpaVJaMElYbng2YVVlS3h0M3o2SkR6Z0JBZ0lkUm50MVpFS0p5UEotWnB6WFZ3UjZuOWZZc016bC01amVEY0ZBM3plZGpfME1xN3p6eU5kV3BhYzlpdkxCLUU4ZEl1emV2QWJjTkI3ZGhWQlQ3MnRXS0tobnY0c2NLTUl5SDJqZGVIUzVQLWJfWEpueFdqUllzcDg?oc=5) · The Ridgecrest Daily Independent
- 2019-03-07 ['People helping people' - Tri-County Independent](https://news.google.com/rss/articles/CBMingFBVV95cUxNOHNLRlNQLXVnRmlYV1ZrX3QwaGhFaGt2TTZiZTNEU1FjVXdqMWlxeXR4aXhSNU1lWjFEZkdZVUZHSjMtOUlfaUNydFJjV3lwZGpIN29oeWlRRmNXUzBKTHRBY3hYQUFCRkw3RlZqU3J5d01YMDJJOTI0Z3hScjhJUk5Qb3hCcDQ2dnFYZHh4OWRWdVBuLTIzNUNFSF9TZw?oc=5) · Tri-County Independent
- 2019-08-06 [Governor Newsom Requests U.S. Small Business Administration Disaster Declaration for Ridgecrest Earthquakes - Cal OES News (.gov)](https://news.google.com/rss/articles/CBMi1AFBVV95cUxOR0tydjFvQXJiNWM2bGFtWVZGQkVxOXRnWVdYY2lCenBCdEFDRW9JVGc1RXUxT2hmbENFOU53TnREdWlia3Nub2xsTWl4eVNXVUtoeWpJTXRxMVRwY0NpUzlMOVRSWnNvdlJnVHhuRmhlVkg2RmFCOXBjSU1QYndraVVRWFEwYmRFYlcyTEM0eW0ydWZ0azhuNmFIZm9aWG5ZY29uY0Q0Sm5QNkZ6SjBRQk8zY003MG1JT0JTUkh4dE93SFFjNFNadW9JeUR4QUVMcnVBRw?oc=5) · Cal OES News (.gov)
- 2009-05-02 [Trona Community Services Council Meets - Oak Ridger](https://news.google.com/rss/articles/CBMioAFBVV95cUxOQkVSNmdYY1c5dTFMTFJmS0lKQ095b1d6VW1UN2x2cW1hS3dBdjBwNFlDMlpETE1KR1ZxbHAzS1JmdlY2TFRUMGFMV1EwRURMWUl1UjhSS3Y0ZDh1VEl4alZGaFpJVWNTUDladF9qSHlZSS1Wc2x5Si1uN2RXWVF2TW54YWxCWHRKRzJaZGdHeEd3aXNHVjVab1dQU3p6b3JD?oc=5) · Oak Ridger
- 2018-11-14 [An overview of Ridgecrest Charter School with Martinez and Hogg - Victorville Daily Press](https://news.google.com/rss/articles/CBMiqgFBVV95cUxQQVBlOGM5WGlVbi04cnF0cFF3d2VCY1FzQTBVV1R1Z1Q5MkE0YTlKMXRWVWRSR2cyZlZrNjFtWXlRNzJVQkZKbzJ1al9tUTc3UjdpSmtIYU54S3haX0FOZ2pjQmtaZ2NWUko2dXpyRkhFQnA2QU5kdzdydHZwblJkY2dyVHlNMkE2RC1Xb3JBbWFrS2lUQ0l5MjlyTG04anFlWXhXeWJtdTM2QQ?oc=5) · Victorville Daily Press
- 2010-04-28 [Valley Voices - Dan and Joann Clark - Fall River Herald News](https://news.google.com/rss/articles/CBMinAFBVV95cUxPYk5pRVNFaks0Sjk3bXEtb2VPTkc2V1hxTXZ4N2hpaXJ0ZzFoNHg0RE9hR29zX2NWVDk1SUFjTTRiM0dRUUNQUjZIU2VqeUg2MTdkcGV2WnE2RGlZSWNYcjU4RjRwZXBFOWtZMy1TaHIxck9WZTFsRlBLOFhLaWJiajRJd0U4X1Q5TWd4b2VpRE9iVFZQMWxqbEk1SkM?oc=5) · Fall River Herald News
- 2009-10-30 [Sierra Art Guild Show - Enterprise News](https://news.google.com/rss/articles/CBMikAFBVV95cUxORWs0VmJFMkRQSnNzZzg1SVJkZG1pclpfaDhTNFV2V09pVnZ5NDRoM0pEWGJuNURRaUtmXzFUNlFfQzlxX1NIeWhkcWVmWWRHMzJSUnlyZXN1TEdPWkwteW93M0NxbENyc25CUWJTS2VPcWlXNUxMc1NtMUo0WHpfdENZTjE3MHNaTWo5ZnNHcU0?oc=5) · Enterprise News
- 2009-02-21 [Trona Commuity Chest Thanks Donors - Waynesboro Record Herald](https://news.google.com/rss/articles/CBMiowFBVV95cUxPdTkxN3hVekhUNV9ac2R6Mmg1N3dLb2EtLWJnS2p2OEI2c1R0WWgxRFlicm5rX1pTOHRZYjhSWmFDUnlJbGJpUHM0LUFhbHF5Wno5TFFzT2txejROQVNRc2dJaTN5MGdTemxGaU0tVHlpdlRZR0t0Y3hZamNvZDgtU21lUjRLcEZhcFpSY2I5SVItOVRETDVRcklzaklmTlp0SDhJ?oc=5) · Waynesboro Record Herald

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=5366 (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 "5366", 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=5366
- 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