# STRATA
BAKERSFIELD, CA · NCUA charter 6032 · asset band $200-500M · latest filing 2026-03 · live
Share link (named URL with a preview card): https://getbookiq.com/cu/strata-6032

Who the members are: federal charter, multiple common bond, organized 1949, low-income designated. 24,469 members of 400,000 potential (6.1% of the field); checking penetration 59% (share draft accounts per 100 members); loans per 100 members 76.

**Verdict on the desk:** this could be *indirect buyer*. 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 | $346.0M |
| Members | 24,469 (0.7% YoY) |
| Full-time staff | 73 |
| Net worth | $48.3M |
| Net worth ratio | 14.0% (p82 of band) |
| ROA (annualized) | -0.13% (p4 of band) |
| Total delinquency | 0.31% (p22 of band) |
| Net charge-offs (annualized) | 0.91% (p86 of band) |
| Loans / shares | 85% (p78 of band) |
| Cash / assets | 15.7% |
| Borrowings / assets | 0.00% |
| Net interest margin | 4.28% (p87 of band) |
| Operating expense / assets | 4.55% (p85 of band) |
| Vehicles % of loans | 45% (p73 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 59% |
| Third-party paper % of net worth | 140% (p69 of band) |
| Vehicle delinquency | 0.26% (p22 of band) |
| Vehicle NCO | 1.15% (p76 of band) |
| Repossessed % of vehicle book | 0.15% (p79 of band) |
| Real estate % of loans | 46% |
| Credit cards % of loans | 4% |
| Unsecured % of loans | 8% |
| Commercial % of net worth | 0% |
| Core shares % of member funds | 71% |
| Certificates % of member funds | 9% |
| Average share balance | $7,011 |
| Participations bought / yr | $0 |
| Participations sold / yr | $0 |
| Participations outstanding | $3.8M |
| Loans outstanding per 100 members | 76% |
| Loans granted per 100 members, annualized | 166% |
| Average loan balance | $13,517 |
| Loans granted, annualized | $78.4M |

## Participation posture (from the same filings)

Bought $0 and sold $0 in the latest annualized quarter; $3.8M outstanding purchased (7.9% of net worth), $1.2M sold and retained. Sold in 3 and bought in 0 of the last 8 quarters. Shares 0.7% year over year.

## Flags firing in the latest filing

- **net worth falling** (`cap_falling`)
- **losing money** (`earn_negative`)
- **3rd-party paper>100% NW** (`str_thirdparty`)

## Warning timeline

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

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

- 2026-08-14 [Strata Credit Union Partners with Alkami to Deliver a Seamless, Personalized Digital Banking Experience - Yahoo Finance](https://news.google.com/rss/articles/CBMinAFBVV95cUxQTktrNEpwZnBGaEhqY0R1LVl1UDU5bF9JZHQ3cUp3d0xlMUt0WGM4SzFtdVkzQTBBUkEySElzWDVJbXN0Rmd1QjhJdWlWTjBTVS1pSFlXTGhmSVotWUhZWUpIdGd1MVBXSjhpaERkRlg4NmtoWkh4cl9ObUFOZml6RDY2NmJGZ21fSmZJNUNJRmxvdEpkNktYWTNUbXY?oc=5) · Yahoo Finance
- 2026-03-25 [Chase Bank closure to leave Oildale without financial service branches - bakersfield.com](https://news.google.com/rss/articles/CBMi6AFBVV95cUxPUDIteVN1bG5Hci1Ka2RhMG9uY3NUUXdVUDNqNlRNUHRaVmlRb1RnS2d2cmlTeVo5cHNKcXUwMzNCdmJNWkFwOXdjN0lNbGVyc0g0dmU4eUh1YmVlTzhjNEMtZmFsUE94dlhCNlZRRExHQ3Z3Q1BqQklWaWRsMTRlUzNwcEdJQkZwZjJkanU5NGdteW1PZnBhNmY5aUUxUmlvUTlyUUgtdnRfZUZZYWkyOGJBSWFfSVJsNV9Dbm9lY1l2ekhwRmJJR05SQnNfVmN3bHU5aTVZcGRyVnNwTEpXUnhtcktMTkJZ?oc=5) · bakersfield.com
- 2026-08-25 [Alkami Remains #1 Digital Banking Solution for Credit Unions and Is Now Fastest-Growing Digital Banking Solution for Banks - PR Newswire](https://news.google.com/rss/articles/CBMiiAJBVV95cUxQeVd2REJubnhWWFdBQXRNTjBYRnpIS1BxR180eXRHVVRlbUpnZ05saUxSdldfeVRTMkNaVjQwNnhNb2pRV2Z0QmZ4b254SmdXZE9waFpoWVV3d0RyN1h1cFNnQlRnRUktZDd4czEyem45YVFsLXJ0a0hQcEttM0RkbkN4NnpXZ1cyM0J1MGktS29BTHo1dXlvUnpvZHRYbllNRGRyUkRxeFVqZHZBSG9ETFVSdTlacWJOQXZnbUFPZzRkNHFmblRMc2NfdlREYkJoREVQZHU2YnRiTTlXWEFYUE43MEFuRWJOSGgtRl96ZjVsVWJfeXBHSXFOUFBZZzBvMXJ0eC1QVlM?oc=5) · PR Newswire
- 2025-06-03 [ModernFi CUSO Sets New Industry Standard: Credit Unions Can Now Offer $15 Million in NCUA Insurance* per Account - Business Wire](https://news.google.com/rss/articles/CBMi_gFBVV95cUxObWNka0d2R3VXQjJJbWpLdVFGN3hhbkJTWEVVLXhxX05TeFNFdVlxb1RJbGFoa3J6X0gwQmVaMV9EOUtFZElqdElkSzJnS3RwckNTblljUkRlejlIcThxcUZEWVV6ZW45aVg0NUdqdHotZjBya3lFU2JiNVp2aFhzeTVqZ1UxRm9FblFtVTdkMTZoNnpKOXpPLWY5NE9NcXhEQUZZWGVQM1VSY3I1THZadlZNYmk2ZzFPcU5mY3laNjlJQ2FSdkJxZlBZMVppRXNvcEI3bThXMUh6d0RCQk42UERoWXJNQ0NjYW44TFI3V180LU9ZMjdSYzBBQTVQUQ?oc=5) · Business Wire
- 2019-06-26 [Tabatha Mills - KGET.com](https://news.google.com/rss/articles/CBMiVEFVX3lxTE5KUjlDZ1JmTjhrQk1vLXVYRmpsZ29Vcmg5N3JnekVlazBDWWpfN3NjNjNfVFZtVC1zMXdqajNJR09RV2tRYW91bHZ3cWtwV0hKWWZ5Zg?oc=5) · KGET.com
- 2022-09-27 [Strata plans groundbreaking on Wasco's second financial office - bakersfield.com](https://news.google.com/rss/articles/CBMi3AFBVV95cUxOZTI1TUJDT1NPVW55T1VIYVlLd1BKRWRVRHhiWWVTNjRiTlRBOFBISG1MaS1vUDFlZ0VaOGgzX1o2WmFMd3JjeVBvbERJM2dOeklKS2NCeUZJN2M3bG45QkkzemlPbUg4RnFjcnBCQWF1NV9ESFAwYW1DWTVvbjY2MzZPYzlDbnlLUnZ3Vl9jYS11MWxYN2xGOFZfSTljdVlBWVFDZklRakhZSVVBb3o3X2JMSDVUci02TE9yR3ZvdGY5NGdVbmNQN2dPcmczemN0cXhvT2pIWkg2Zmkx?oc=5) · bakersfield.com
- 2026-09-03 [The best Mastercard credit cards of September 2026 - CNBC](https://news.google.com/rss/articles/CBMiaEFVX3lxTE5XRDVSVDVLbXVkU2cyY1VHbmZpck9yUl9NT1d1d2gtdGlZS1cyTjhBT29ULWowTXBpVWo0U09SamFSVmE1SzVPbFVPT1FhQVozdEZaOVlONGJ1NHhfMi0wQ01mSUxEWmQ00gFuQVVfeXFMTUZORUdyLTdoTFlLdVRibFlGQnNYMGN0RTEzTFNJeGQ0YTN4ZXJVQWV1NmViVmFYVUZXellTd1hKcWVpQ0NkR0s5RE03Zjl2VWJtN1ZOWFI4MllOSEtPLVcybGxJMUNhRGdCZmZER0E?oc=5) · CNBC
- 2021-04-16 [Joseph Cazares Obituary (1947 - 2021) - Bakersfield, CA - Bakersfield Californian - legacy.com](https://news.google.com/rss/articles/CBMikwFBVV95cUxPWVNSQ25mN0JDRC03djZxS1VNY1FZRzliNndiVmZybkxobGozS0t3ang5VFl6eUFtQ0J0WGJnb21KS3BwX2JnQi15ZkRvVXdGQmItdnlMeGx6eVRLZndNdFNIQUhDd09odjUwSjRJZ0gzWTFDZFNDSTZjVG54SnExYU0wQ09SWTFUbFl3c1dlRHNVbWs?oc=5) · legacy.com

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=6032 (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/16.json (key "6032", 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=6032
- 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