# UNITED LOCAL
Fresno, CA · NCUA charter 60408 · asset band $100-200M · latest filing 2026-03 · live
Share link (named URL with a preview card): https://getbookiq.com/cu/united-local-60408

Who the members are: state charter, organized 1953. 7,613 members of 125,000 potential (6.1% of the field); checking penetration 44% (share draft accounts per 100 members); loans per 100 members 46.

**Verdict on the desk:** this could be *auto monoline*. 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 | $121.1M |
| Members | 7,613 (-6.4% YoY) |
| Full-time staff | 23 |
| Net worth | $24.0M |
| Net worth ratio | 19.8% (p95 of band) |
| ROA (annualized) | -0.31% (p6 of band) |
| Total delinquency | 0.41% (p34 of band) |
| Net charge-offs (annualized) | 0.58% (p73 of band) |
| Loans / shares | 72% (p54 of band) |
| Cash / assets | 20.9% |
| Borrowings / assets | 0.00% |
| Net interest margin | 3.75% (p56 of band) |
| Operating expense / assets | 4.35% (p73 of band) |
| Vehicles % of loans | 74% (p95 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 97% |
| Third-party paper % of net worth | 208% (p86 of band) |
| Vehicle delinquency | 0.50% (p47 of band) |
| Vehicle NCO | 0.84% (p67 of band) |
| Repossessed % of vehicle book | 0.34% (p92 of band) |
| Real estate % of loans | 23% |
| Credit cards % of loans | 2% |
| Unsecured % of loans | 3% |
| Commercial % of net worth | 2% |
| Core shares % of member funds | 73% |
| Certificates % of member funds | 19% |
| Average share balance | $7,898 |
| Participations bought / yr | $0 |
| Participations sold / yr | $0 |
| Participations outstanding | $361,726 |
| Loans outstanding per 100 members | 46% |
| Loans granted per 100 members, annualized | 2% |
| Average loan balance | $19,875 |
| Loans granted, annualized | $12.3M |

## Participation posture (from the same filings)

Bought $0 and sold $0 in the latest annualized quarter; $361,726 outstanding purchased (1.5% of net worth), $0 sold and retained. Sold in 0 and bought in 0 of the last 8 quarters. Shares -2.5% year over year.

## Flags firing in the latest filing

- **losing money** (`earn_negative`)
- **members leaving** (`shrink_members`)
- **3rd-party paper>100% NW** (`str_thirdparty`)
- **auto monoline** (`str_vehicle`)

## Warning timeline

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

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

- 2018-04-26 [Eugene Bopp Obituary - Fresno, CA - Dignity Memorial](https://news.google.com/rss/articles/CBMifEFVX3lxTE5OcXU1aHAwVnlJc0t4b3lvSzdxdHNEczlYTDU2MmFzUGdQM0ExYkpCYlFMYk5xdV8ydjhnWWp2dGdZaWpnd1NlNU9zUmhIWVpZcU03TDVGXzhRNmUtV2hDcUhTbUZmZTlEdVZlRWxjQlFYemlhbGwtNEE4RWw?oc=5) · Dignity Memorial
- 2018-07-01 [United Local High School honors top students - - SalemNews.net](https://news.google.com/rss/articles/CBMipAFBVV95cUxQV1dIV3JUUVRyaHN5Qk5QUWhXNnlzV296VnhXdmdncERwY0c0Ui1VVnNxbUk3ZDdUOTBFS2FQNl85RjRTQmIxeVhQVkI3bkJEbGJlZVpDU1hjNTZTZVFJV21aX1BPNExoYjluYW4xTi1Xb0NjUmptRmlSVjJXYnQ5VXZEZ2xQNl96SjdwQjZncFJ6RHlaNXI0ZC1hSzU4NzFpa1BSUQ?oc=5) · SalemNews.net
- 2018-08-10 [Disneyland raises hourly minimum wage for non-union workers: $13.90 then $15.75 in January - Orange County Register](https://news.google.com/rss/articles/CBMirAFBVV95cUxQcEVjQklmSVBON0VYNmJVV2xIVWtMdkZBWDNjUTFEVUROYTJ6XzJSRHJYYjdfV0h2c19rZUxJSkp6X0JGT3FOYldhNC1DbEJwR09MT3hvZGJINHBiSEFTZTMtZk5BMW9OMTZWbWRZRUt3eDhKcEJvaHk3djVHb1lVVzljZkxsdHpRdXYwQnFGQzF5YThNRzhWekNXOGI2ZmlFSHlJMjZNRFpvejE2?oc=5) · Orange County Register
- 2017-10-03 [Janice Lawson Obituary - Fresno, CA - Dignity Memorial](https://news.google.com/rss/articles/CBMif0FVX3lxTE1RbHJyMkl3NE5IRWMzamN4eUdpS3ZiQjZRN1FvS2ZHR1VmUDl1MXM0V2lpcnp6MHZiTnV4XzJXYTJDM0Znd0xzTXlGbERJTEtBREZRWWtYV2NNcG5MaHRCSlZoNFp1X1g2cTlHMV9UZ1hQbmY3Y2ZScjEtaDJISFU?oc=5) · Dignity Memorial

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=60408 (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 "60408", 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=60408
- 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