# ALTAONE
Ridgecrest, CA · NCUA charter 5612 · asset band $500M-1B · latest filing 2026-03 · live
Share link (named URL with a preview card): https://getbookiq.com/cu/altaone-5612

Who the members are: federal charter, community charter, organized 1947, low-income designated. 53,583 members of 967,900 potential (5.5% of the field); checking penetration 57% (share draft accounts per 100 members); loans per 100 members 62.

**Verdict on the desk:** this could be *indirect buyer*. Composite score 4 of 18 (one point per flag across 17 flags, capital below 7% counted twice).

## What the filing shows

| Measure | Value |
|---|---|
| Total assets | $974.0M |
| Members | 53,583 (-9.4% YoY) |
| Full-time staff | 183 |
| Net worth | $88.3M |
| Net worth ratio | 9.1% (p21 of band) |
| ROA (annualized) | 0.08% (p9 of band) |
| Total delinquency | 0.59% (p50 of band) |
| Net charge-offs (annualized) | 1.37% (p94 of band) |
| Loans / shares | 86% (p65 of band) |
| Cash / assets | 10.2% |
| Borrowings / assets | 2.05% |
| Net interest margin | 3.46% (p49 of band) |
| Operating expense / assets | 3.56% (p50 of band) |
| Vehicles % of loans | 29% (p53 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 71% |
| Third-party paper % of net worth | 180% (p70 of band) |
| Vehicle delinquency | 0.37% (p31 of band) |
| Vehicle NCO | 1.81% (p80 of band) |
| Repossessed % of vehicle book | 0.23% (p83 of band) |
| Real estate % of loans | 46% |
| Credit cards % of loans | 4% |
| Unsecured % of loans | 11% |
| Commercial % of net worth | 73% |
| Core shares % of member funds | 56% |
| Certificates % of member funds | 25% |
| Average share balance | $8,027 |
| Participations bought / yr | $0 |
| Participations sold / yr | $0 |
| Participations outstanding | $258.9M |
| Loans outstanding per 100 members | 62% |
| Loans granted per 100 members, annualized | 8% |
| Average loan balance | $22,632 |
| Loans granted, annualized | $168.4M |

## Participation posture (from the same filings)

Bought $0 and sold $0 in the latest annualized quarter; $258.9M outstanding purchased (293.2% of net worth), $0 sold and retained. Sold in 0 and bought in 7 of the last 8 quarters. Shares 2.9% year over year.

## Flags firing in the latest filing

- **net worth falling** (`cap_falling`)
- **charge-offs p90** (`aq_nco_high`)
- **members leaving** (`shrink_members`)
- **3rd-party paper>100% NW** (`str_thirdparty`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 4 | charge-offs p90, repo signal, loans>95% of shares, 3rd-party paper>100% NW |  |
| 2016-06 | 4 |  |  |
| 2016-09 | 3 |  | loans>95% of shares |
| 2016-12 | 4 | net worth falling |  |
| 2017-03 | 4 |  |  |
| 2017-06 | 3 |  | net worth falling |
| 2017-09 | 4 | expense trap |  |
| 2017-12 | 4 |  |  |
| 2018-03 | 4 | delinquency 2x band | expense trap |
| 2018-06 | 4 |  |  |
| 2018-09 | 4 |  |  |
| 2018-12 | 4 |  |  |
| 2019-03 | 4 | losing money | delinquency 2x band |
| 2019-06 | 6 | delinquency 2x band, assets shrinking |  |
| 2019-09 | 4 |  | repo signal, losing money |
| 2019-12 | 3 | repo signal | delinquency 2x band, assets shrinking |
| 2020-03 | 5 | losing money, delinquency 2x band |  |
| 2020-06 | 8 | net worth falling, margin squeeze, delinquency rising, loan book shrinking | repo signal |
| 2020-09 | 7 |  | delinquency rising |
| 2020-12 | 7 |  |  |
| 2021-03 | 7 | thin capital | delinquency 2x band |
| 2021-06 | 6 | members leaving | losing money, net worth falling |
| 2021-09 | 5 |  | charge-offs p90 |
| 2021-12 | 4 |  | loan book shrinking |
| 2022-03 | 2 |  | margin squeeze, members leaving |
| 2022-06 | 2 |  |  |
| 2022-09 | 3 | net worth falling |  |
| 2022-12 | 2 |  | net worth falling |
| 2023-03 | 2 |  |  |
| 2023-06 | 3 | delinquency rising |  |
| 2023-09 | 3 | net worth falling | delinquency rising |
| 2023-12 | 3 | delinquency rising | net worth falling |
| 2024-03 | 2 |  | delinquency rising |
| 2024-06 | 2 | delinquency rising | thin capital |
| 2024-09 | 3 | repo signal |  |
| 2024-12 | 2 | net worth falling | delinquency rising, repo signal |
| 2025-03 | 2 |  |  |
| 2025-06 | 1 |  | net worth falling |
| 2025-09 | 1 |  |  |
| 2025-12 | 4 | net worth falling, repo signal, members leaving |  |
| 2026-03 | 4 | charge-offs p90 | repo signal |

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

- 2026-08-05 [AltaOne Launches AI-Powered AnyTimePay and Announces Strategic Investment in Veep - Kern Valley Sun](https://news.google.com/rss/articles/CBMiXEFVX3lxTFBVLVEyT2tKV2pmT2x6cC1NQkJKX0d6S3FMcFVFc0YwbDNBVW13SGY1elB4aklPY2VndFgtUG1sSDJoM09iVk01cVFJR1VKOUtNYmVxOEtpMWZadDht?oc=5) · Kern Valley Sun
- 2025-08-14 [Veep Software Archives - Finovate](https://news.google.com/rss/articles/CBMiV0FVX3lxTE1OTU5idmNWXy1UaGxHdlRJV2R4bTBKTnZWNkRhVnVwOW12cS1SR1FCMXlDUTE0ZHVnekEzNVd4enBLZHhzQmRUblpLQW5CSlpidXRlbzFBVQ?oc=5) · Finovate
- 2022-06-20 [AltaOne Federal Credit Union opens new branch in Tehachapi - Tehachapi News](https://news.google.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?oc=5) · Tehachapi News
- 2026-07-06 [AltaOne Supports Telemundo Backpack Drive at Beale Library - KGET.com](https://news.google.com/rss/articles/CBMimAFBVV95cUxNallhQVFIMjZwdGFEbmtxRWVTalpJNGJicDl1LVJ4b1NVRGREc2dRRF81anN6eDUyc2xWUnp3ajZzbnZnTlZWRWROYzRPSVpmQXBVb1ZlOWJyWjVfOWtmbEhONFpYRUt1TDktWUNGZWNyaGNoak1PNmVNbk4tNXhxNGNlbHE1WXBPZDJwaUVOUHRjZU91UE1KZNIBngFBVV95cUxQQmR4Sk1HeDVYS3VzamNRTTkxQjZCUXBIQnVYMzZIYlVXVWhua2p2UXZhbXBWaFloc1BpcG9nVkpXTWh0Q0FUTEl2aXVMT0ktdktZeVVUcmFLRjRrc2ZrMkJ0Z1BpMllLQUllNDFuM3gtbjNUcjNaV2pXWmdkb3ZJbzhNN0tSRnNXZlE5WjZuT09FbWR0WlRDZ1l2X2Q1UQ?oc=5) · KGET.com
- 2025-08-05 [Black Dragon Capital℠ Forms FinTech Limited Partner Advisory Board Led by Seasoned Credit Union Executives - PR Newswire](https://news.google.com/rss/articles/CBMi8wFBVV95cUxPMFcyREtXeEs3Nk9CUjEzQmZRZkRpWnhxenhsN2Y3OGZEdURSZHZpQS1KdE95cmhDNmtQSnVtQ0lKR1pac3lVdFN6TlJrSVU3dWN4NkFlanltSThXUmNEYjFQSTFYOVIyb2JzS1NPUFU0Tmp6VnNxejlhM3lkLXoxSnpiQ0tpM0t2MDVvSlNOREVZeFFSUDR2eDA0YThDclB1ZExaNFU3NDNEUG1GajdkU0xqMnJqRmt6c3ZDTlpWZFVlOFA4NDI3cUxkSEl1NmthOWlncV8yV3VTOWx5TlZsTjFhd0NURnhISm4xYlpQSDlSdm8?oc=5) · PR Newswire
- 2026-08-05 [AltaOne launches AI-powered AnyTimePay, announces strategic investment in Veep - The Ridgecrest Daily Independent](https://news.google.com/rss/articles/CBMi-AFBVV95cUxOcDcxTXJhY1JUSTBGQV9xQUk4Q2xqR09xMjBIT3I4ZVhucEV2SUpHRk5qZkg1bE5MZXNqREJ6TjdIUTQtLVhFLXM0VzhVM2Vld2Z1ZUk2Tzd1bjgwdmcxc00zRFQ0bVNCSVpkb2oydlVvV1VlTnJnWFBmRl9ra0kzUkVuN2lJd0pYT09jdFd6aTdIajdac3Q1YXBHaS0wMVE5dk1QdzV3dnlEcjY4OERQVmplZ3NJNm90bGxMSjRTNGFvVTZ6M05SdDJlcEhwQXRSQV9WYUpWRDFsVHpPT1JUbWRKRUxBc2k5c01RcFFrMHZRRU1LaE5ydw?oc=5) · The Ridgecrest Daily Independent
- 2025-10-20 [2025 Boron Twenty Mule Team Days Celebration - Mojave Desert News](https://news.google.com/rss/articles/CBMiiAFBVV95cUxPTE1QSlFqa09YTnNVcHBZUXV4SkhQZXBVa3B5ZzduckNnejZZRXRPY2xqWGZoampZcG5RQzZpQkVlemlkZk02VUw2WXo5OVNwanI2NjF0VkNhM2xhQ2xJZUpfdGNxT0lXUFFrbE85aUgyMWU4ZFRlSHgzSjBkODNIOFpkVkttSVJY?oc=5) · Mojave Desert News
- 2016-01-04 [California Credit Union Launches 80/20 Piggyback Mortgage - The Truth About Mortgage](https://news.google.com/rss/articles/CBMimwFBVV95cUxOT3E2VFN6TWlSRUNONlYxTk53OHRLamZEVlVhbHVvRmF5TlpGVXhSRk5hVXhCZi0xek9MRFIxamF3X3VZWkQ1UmgyUXRGZUdSeFc2WnV3X1FaaE9LQmthRGZmbFlQMDdtNUJWaTRNbnZ5bzF6Mi1OSzE4NTFkVGxtWnRxSUF1QXRsOXJqTnJnQjRiM2FvYXZRTXJGZw?oc=5) · The Truth About Mortgage

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=5612 (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/44.json (key "5612", 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=5612
- 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