# PRIORITY ONE
South Pasadena, CA · NCUA charter 60024 · asset band $200-500M · latest filing 2026-03 · live
Share link (named URL with a preview card): https://getbookiq.com/cu/priority-one-60024

Who the members are: state charter, organized 1929, low-income designated, minority depository institution. 17,123 members of 100,000 potential (17.1% of the field); checking penetration 70% (share draft accounts per 100 members); loans per 100 members 37.

**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 | $205.7M |
| Members | 17,123 (1.1% YoY) |
| Full-time staff | 41 |
| Net worth | $28.3M |
| Net worth ratio | 13.8% (p80 of band) |
| ROA (annualized) | 1.40% (p88 of band) |
| Total delinquency | 0.33% (p24 of band) |
| Net charge-offs (annualized) | 0.63% (p73 of band) |
| Loans / shares | 53% (p9 of band) |
| Cash / assets | 18.6% |
| Borrowings / assets | 0.00% |
| Net interest margin | 4.31% (p88 of band) |
| Operating expense / assets | 4.24% (p73 of band) |
| Vehicles % of loans | 33% (p50 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 0% |
| Third-party paper % of net worth | 27% (p33 of band) |
| Vehicle delinquency | 0.52% (p47 of band) |
| Vehicle NCO | 0.46% (p41 of band) |
| Repossessed % of vehicle book | 0.00% (p25 of band) |
| Real estate % of loans | 53% |
| Credit cards % of loans | 4% |
| Unsecured % of loans | 12% |
| Commercial % of net worth | 0% |
| Core shares % of member funds | 79% |
| Certificates % of member funds | 15% |
| Average share balance | $5,613 |
| Participations bought / yr | $0 |
| Participations sold / yr | $0 |
| Participations outstanding | $7.7M |
| Loans outstanding per 100 members | 37% |
| Loans granted per 100 members, annualized | 9% |
| Average loan balance | $14,986 |
| Loans granted, annualized | $20.9M |

## Participation posture (from the same filings)

Bought $0 and sold $0 in the latest annualized quarter; $7.7M outstanding purchased (27.2% of net worth), $0 sold and retained. Sold in 0 and bought in 5 of the last 8 quarters. Shares 0.0% 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 | 0 |  | thin capital |
| 2016-09 | 0 |  |  |
| 2016-12 | 0 |  |  |
| 2017-03 | 1 | members leaving |  |
| 2017-06 | 1 |  |  |
| 2017-09 | 0 |  | members leaving |
| 2017-12 | 1 | delinquency rising |  |
| 2018-03 | 0 |  | delinquency rising |
| 2018-06 | 1 | delinquency rising |  |
| 2018-09 | 1 |  |  |
| 2018-12 | 1 |  |  |
| 2019-03 | 1 |  |  |
| 2019-06 | 0 |  | delinquency rising |
| 2019-09 | 0 |  |  |
| 2019-12 | 0 |  |  |
| 2020-03 | 2 | delinquency rising, members leaving |  |
| 2020-06 | 2 | net worth falling, margin squeeze | delinquency rising, members leaving |
| 2020-09 | 3 | members leaving |  |
| 2020-12 | 2 |  | net worth falling |
| 2021-03 | 4 | thin capital, losing money |  |
| 2021-06 | 4 | delinquency rising | thin capital |
| 2021-09 | 3 | thin capital | members leaving, delinquency rising |
| 2021-12 | 1 |  | margin squeeze, losing money |
| 2022-03 | 1 |  |  |
| 2022-06 | 0 |  | thin capital |
| 2022-09 | 1 | assets shrinking |  |
| 2022-12 | 1 |  |  |
| 2023-03 | 1 |  |  |
| 2023-06 | 0 |  | assets shrinking |
| 2023-09 | 1 | assets shrinking |  |
| 2023-12 | 1 | delinquency rising | assets shrinking |
| 2024-03 | 1 |  |  |
| 2024-06 | 1 |  |  |
| 2024-09 | 1 |  |  |
| 2024-12 | 0 |  | delinquency rising |
| 2025-03 | 0 |  |  |
| 2025-06 | 0 |  |  |
| 2025-09 | 0 |  |  |
| 2025-12 | 0 |  |  |
| 2026-03 | 0 |  |  |

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

- 2025-09-16 [Business of the Week: Priority One Credit Union - heysocal.com](https://news.google.com/rss/articles/CBMihgFBVV95cUxPRF83eHMyeWE5MndtdFBiUkdOZkVIYW04V2dLNkYxS2s1emxUa0JTTUJYclJMR253TEhFRTNQN2ROY2ptUEhVeUh5R09FQWxOcmNZa0tkdDFISXZ4dWQ4WHg4a1FKVnROUWZQalNOV2owWmlNOU1RQVlBQmR0dDlVYnNPQkZfQQ?oc=5) · heysocal.com
- 2023-08-31 [The strength of the Postal Service lies in our workforce - about.usps.com](https://news.google.com/rss/articles/CBMirAFBVV95cUxOTFhhZkJYcFBlcTMzSDF3WTE0U0JKaVFXQVl6eHZKbjRORVdCcG5STGdZYndmVmMwWWc1UEthbTNTQnh4YVBvaGFndm9uTks5ZXdVd1ZmQy1zVDdFTWlTUmRRS1lZbDNZb0Q2UFU4Z2JoUkQwanJrUndDdEpCb2Y3WXgydmVqX2prOUVJR1FZR1o5VmJOZ2pxdGMtazlYYm82QmRmbjFFdnVDdUxa?oc=5) · about.usps.com
- 2025-06-26 [USPS Recruitment Drive Set for June 27 in Los Angeles - South Pasadena News](https://news.google.com/rss/articles/CBMiiAFBVV95cUxNR2FtLVU5Q3JvRHdOSHBodV9LcE5nSmpTWkZzdmlOVGdZZ1kwWnByOFZyaVBGTHk3Ml90djg0ZnY2NHZIdG9SZlRld1FuY3hFYk1peGlTbFFFdURETXEwTFVUNy03MlNrSkNCX05fVThIbXU3XzlzV0w2c1BtTkhoejdXLXVZRTcz?oc=5) · South Pasadena News
- 2023-02-28 [The Postal Service workforce is the most diverse in the nation! - about.usps.com](https://news.google.com/rss/articles/CBMixAFBVV95cUxPNmE4b0RkMGtRRl9yczMySlJCX3ppUHpkd1VqSzN2OG9YQVk3TVl4WF9UcmxKWmI4a3pRYjdwUUt0VldjbUt1bWhianZJbmN3WHkyN1p1LU9TNlhWZndPMTVrTFZYQy0tSjd6a21ZZm1hN2dmWmhEd25GZzluT1ZzNjZ6TlpqcHpQNUxrWUYtWDNxZFNYSWtLSkxqUmdPQ0puNHJqb0tmN2dlNzU1czNJZmNHazRTWng4MHpOY250VVE4NE5N?oc=5) · about.usps.com
- 2025-09-04 [USPS Reminds Applicants of the New Non-Career Job Portal - about.usps.com](https://news.google.com/rss/articles/CBMisgFBVV95cUxPNVZYclRZNlBoS3lfdVlSV0JGODFqbUxVUXVTTm00bnp2VlNOeXpVOGYwZUNOS0d5c2hQUy1kOE1YWjJELUNCd0oxMENzNlZndmRMYUxOeVVaTDF5WXh2TFhoZjl1SjNtZDBVdEllNURVSlpPQXY4Ylg4SmR4WEJSOTJwVTdXYzVGQ3FhRGhEajVWQURyN3pGaE5CR2pTZnB4aG5Va0hwX3pCVWRxXzM4NjhR?oc=5) · about.usps.com
- 2023-06-29 [Looking for Work? The Postal Service may have just what you need - about.usps.com](https://news.google.com/rss/articles/CBMinAFBVV95cUxQLV9kOTgtRGJqSmNfY2ZNUXFfdXAtclRTWkZYaXJDRFg5SkJ2R0RHblhzdnpsMnU2RWdBLVptWFZQRC1BMXpVOTVWLXFGZHhBcHBLN21JbDAyejFHcmhQcVR2ZkVPVHpkb185TWFTMnVCbGFUYnlGWlh4LU11ZXU1Rzc3U01VcEhkSllLb1lJeU5NSTF5c29iYlgzZmQ?oc=5) · about.usps.com
- 2025-06-24 [Postal positions for letter carriers, tractor trailer operators, and automotive technicians are open in Los Angeles - about.usps.com](https://news.google.com/rss/articles/CBMi7wFBVV95cUxPbERqSWw4VFpFdmF4TkZJY3NhR0VkemdUbnFEQkUxSFJZRkxDbjVySXpabmdGVElDTFd0MXA2NlBpQjB2eEhleDR0VDJhT1p5T2MtU3BuaEdOSXBEb1prZERWZkFuWHNWd0tXaHVXQi1DZ0g1T3d2d1l0WWdHNHF5VjNhNGVCb0prV241QzNDb1cyYWR2M3hTU2wtNjBOel83Wi1peDlNRVJlZlFuVkRRRUU5N19BRzA4cWNmdlJfNXpzWmpCck1zNC1tSTJuNi1Wa3FRYnFkY3pvam1BWGZGVlFpWFQweDNDTV9mUmxOZw?oc=5) · about.usps.com
- 2022-05-19 [USPS has immediate openings for Drivers in Los Angeles - California newsroom - about.usps.com](https://news.google.com/rss/articles/CBMiqAFBVV95cUxOa3NkeTVIbHVXSk1zR09lbDkyU3RGSExZTEVxdVoyaTYydXZFTnFfWUo3bkRvTl9CeGJraHVpY3hwMTVwT0JDWUtmM2wzR25ZTVZ0YlV3Z3pHdjNheDZlTFVzUG5UalNhUHdmelRIbXlaN1lvMVFneVJScTBDMnpjOXRFeHg2RjgtajVXbjVxYXZnYzJNYXdpT2NKZ2pMYmZMUk02NEZ2MXg?oc=5) · about.usps.com

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=60024 (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/56.json (key "60024", 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=60024
- 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