# CENTRAL STATE
Stockton, CA · NCUA charter 60363 · asset band $200-500M · latest filing 2026-03 · live
Share link (named URL with a preview card): https://getbookiq.com/cu/central-state-60363

Who the members are: state charter, organized 1936, low-income designated. 14,221 members of 1,523,175 potential (0.9% of the field); checking penetration 82% (share draft accounts per 100 members); loans per 100 members 43.

**Verdict on the desk:** this could be *too clean*. 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 | $255.2M |
| Members | 14,221 (-5.7% YoY) |
| Full-time staff | 47 |
| Net worth | $22.9M |
| Net worth ratio | 9.0% (p14 of band) |
| ROA (annualized) | -0.03% (p6 of band) |
| Total delinquency | 0.01% (p1 of band) |
| Net charge-offs (annualized) | 0.64% (p73 of band) |
| Loans / shares | 40% (p2 of band) |
| Cash / assets | 3.7% |
| Borrowings / assets | 11.95% |
| Net interest margin | 2.95% (p16 of band) |
| Operating expense / assets | 3.62% (p46 of band) |
| Vehicles % of loans | 37% (p59 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 69% |
| Third-party paper % of net worth | 94% (p55 of band) |
| Vehicle delinquency | 0.00% (p2 of band) |
| Vehicle NCO | 0.52% (p44 of band) |
| Repossessed % of vehicle book | 0.00% (p25 of band) |
| Real estate % of loans | 34% |
| Credit cards % of loans | 7% |
| Unsecured % of loans | 8% |
| Commercial % of net worth | 70% |
| Core shares % of member funds | 84% |
| Certificates % of member funds | 2% |
| Average share balance | $7,115 |
| Participations bought / yr | $78.8M |
| Participations sold / yr | $0 |
| Participations outstanding | $33.6M |
| Loans outstanding per 100 members | 43% |
| Loans granted per 100 members, annualized | 5% |
| Average loan balance | $13,656 |
| Loans granted, annualized | $96.0M |

## Participation posture (from the same filings)

Bought $78.8M and sold $0 in the latest annualized quarter; $33.6M outstanding purchased (146.9% of net worth), $323,586 sold and retained. Sold in 0 and bought in 4 of the last 8 quarters. Shares -7.6% year over year.

## Flags firing in the latest filing

- **thin capital** (`cap_low`)
- **losing money** (`earn_negative`)
- **members leaving** (`shrink_members`)
- **leaning on borrowings** (`str_borrowings`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 3 | thin capital, 3rd-party paper>100% NW, auto monoline |  |
| 2016-06 | 3 |  |  |
| 2016-09 | 3 |  |  |
| 2016-12 | 3 |  |  |
| 2017-03 | 5 | net worth falling, losing money |  |
| 2017-06 | 3 |  | net worth falling, losing money |
| 2017-09 | 4 | losing money |  |
| 2017-12 | 4 |  |  |
| 2018-03 | 5 | delinquency rising, charge-offs p90 | losing money |
| 2018-06 | 4 |  | charge-offs p90 |
| 2018-09 | 4 |  |  |
| 2018-12 | 3 |  | delinquency rising |
| 2019-03 | 4 | charge-offs p90 |  |
| 2019-06 | 4 |  |  |
| 2019-09 | 5 | loan book shrinking |  |
| 2019-12 | 5 | delinquency rising | charge-offs p90 |
| 2020-03 | 6 | delinquency 2x band |  |
| 2020-06 | 8 | margin squeeze, members leaving |  |
| 2020-09 | 9 | net worth falling |  |
| 2020-12 | 9 |  |  |
| 2021-03 | 8 |  | delinquency rising |
| 2021-06 | 7 |  | net worth falling |
| 2021-09 | 6 |  | delinquency 2x band |
| 2021-12 | 6 |  |  |
| 2022-03 | 6 | charge-offs p90 | margin squeeze |
| 2022-06 | 6 |  |  |
| 2022-09 | 7 | delinquency rising, assets shrinking | loan book shrinking |
| 2022-12 | 5 |  | charge-offs p90, delinquency rising |
| 2023-03 | 3 |  | thin capital, members leaving |
| 2023-06 | 3 |  |  |
| 2023-09 | 3 |  |  |
| 2023-12 | 4 | delinquency rising |  |
| 2024-03 | 6 | losing money, members leaving, loan book shrinking | assets shrinking |
| 2024-06 | 6 | net worth falling | losing money |
| 2024-09 | 7 | losing money, charge-offs p90 | delinquency rising |
| 2024-12 | 5 |  | net worth falling, losing money |
| 2025-03 | 5 |  |  |
| 2025-06 | 5 |  |  |
| 2025-09 | 3 |  | auto monoline, loan book shrinking |
| 2025-12 | 2 |  | charge-offs p90 |
| 2026-03 | 4 | thin capital, losing money, leaning on borrowings | 3rd-party paper>100% NW |

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

- 2026-04-03 [James Charles Kiefer Obituary - The Stockton Record](https://news.google.com/rss/articles/CBMiXEFVX3lxTE5hUGVHX3BYM0tfUnBPVHQ1R0JDWXlCcFB2WlhxUWtHZGdrMW5sMVZLa1RLbUJVTjUyU0NqR2VkVkRJWXl3SHZtTE90aGFVanBaYU1pSHlQaVcybUst?oc=5) · The Stockton Record
- 2025-04-09 [America's Best Regional Banks and Credit Unions 2025 - California - Newsweek Rankings](https://news.google.com/rss/articles/CBMikgFBVV95cUxPbG82S28tWDRWcmVTSGtHM1A2ZDRvTjlrTUJGLUxudnBZSlZwNG5uSk12eFQ1M09ULTYtTFVaU3FJeFlEam53MHZqSDV5ZDRTUk9zRUJEVHBBbzVpRUxnV2s0VXFkc0lzZUxXS1A0YWZHaVMyNXE3Wm5RdG1qX2dBclE0cE5TaDZibmpuVkpiM3diUQ?oc=5) · Newsweek Rankings
- 2026-01-27 [Steve Mann: Big decision coming up on access center | Opinion - Lodinews.com](https://news.google.com/rss/articles/CBMiigFBVV95cUxNUjFraWphUlVNWnNGTllOVzJlQmRrcFJTZGFRS3FPN0NoYmVTdzkzZ21iT2dMRWRUYkZWbDFKNkR4RzNFdUxUNjJSWXNoZ2JFczJPYm83OXNMRUkwaS1XanpxWGw5Ti1UNEttQnVRendkdDl6T2tfcHZFRlpWUk9UYVBxRUVmWWlSWlE?oc=5) · Lodinews.com
- 2025-10-07 [Regional Banks, CUs: 3 Proven Strategies to Drive Growth - Resourceful Finance Pro](https://news.google.com/rss/articles/CBMifEFVX3lxTFAxR0V1c1lIRy1GXzQtSGNTNk9EM3N6NjM2M3FzT0p2b2hTUDc2aEw2NVR2Z0lUaDBUYXRTckJsanRGWXdsenQ1SnU3SEw3bldSSWhEcmNqLWdMMVNIM3R1Sks5a2FoZy0xTkpoUkVOaVJISDFDd01PR3IzM3I?oc=5) · Resourceful Finance Pro
- 2020-01-28 [Willard E. Miller Obituary - Tulare County - Visalia Times-Delta](https://news.google.com/rss/articles/CBMiZEFVX3lxTE1QMEM3OWNRSjNnZFZKSkVHSmVOaThKazJkNjBzYzFRa0FmWlJlbmtVaGE2WmtjLXdUNzNiT003ZTVjV056MHRKNE5oa3JJNF9Zc1VHRkVUcF9jVnAxX052WTQ3OUQ?oc=5) · Visalia Times-Delta
- 2021-08-05 [Jill Zarin from 'Real Housewives of New York City' pays $1.7 million for Canton property - Canton Repository](https://news.google.com/rss/articles/CBMiswFBVV95cUxNUFd5YTUyaGVOanFMRmFKQVhBZ012dXY4c2NVSzJ5TGJmeFdFSmhvb1ZFQmVyNWhLWVg0cHBpNmt1ejRkTlhsOS1pcHNwUkt1SkNOMXpNWE42bnRKTUhBZXh4Si1nVnZqbXFKcHI0TlROU25FWlhCQTh5U1VNcDI4NXh1S2llUldzRmxjaUItRkg2MlEydF95R2luckJxSE5HdGxiOTdweEpCOEN1N0pFdC1ISQ?oc=5) · Canton Repository
- 2020-02-28 [Theodore Rich, Sr. Obituary - Stockton, CA - Dignity Memorial](https://news.google.com/rss/articles/CBMihgFBVV95cUxNT1hSeG9VVkY1VUpmbHRjV05vel9MZjJZUkk1LXNDLUtCNlZPNWNrbWxxR3lVOHM0RFM2akN4dVRoUmlDc3hEUF82YW1XRTBWS0xUQ2xvY2JJT0ZGOUVmajRETm5acUVjMzcwaF92YmpoNkUzUnpvM3g3ZE1udC1rc1ZiT2xUQQ?oc=5) · Dignity Memorial
- 2023-09-13 [Angelo “Joe” Loduca Obituary - The Stockton Record](https://news.google.com/rss/articles/CBMiXEFVX3lxTFB5MWg5SUI2Vi1EVURELWI2V0hadURRSmEwUXQyaWVFamtSTnRsVmphRk5UTFNQVU1PRmp3eHRpenVjTnZZUEpyX2lsNEZnRTNGejdWQVZqakhQcXZi?oc=5) · The Stockton Record

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=60363 (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/11.json (key "60363", 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=60363
- 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