# FINANCIAL CENTER
Stockton, CA · NCUA charter 60463 · asset band $500M-1B · latest filing 2021-09 · stopped filing after 2021-09 (departed; for a credit union that is almost always a merger)
Share link (named URL with a preview card): https://getbookiq.com/cu/financial-center-60463

Who the members are: state charter, organized 1954. 29,604 members of 60,642 potential (48.8% of the field); checking penetration 70% (share draft accounts per 100 members); loans per 100 members 64.

**Verdict on the desk:** this could be *too clean*. Composite score 6 of 18 (one point per flag across 17 flags, capital below 7% counted twice).

## What the filing shows

| Measure | Value |
|---|---|
| Total assets | $634.4M |
| Members | 29,604 (-3.1% YoY) |
| Full-time staff | 95 |
| Net worth | $78.7M |
| Net worth ratio | 12.4% (p86 of band) |
| ROA (annualized) | -4.99% (p0 of band) |
| Total delinquency | 0.09% (p11 of band) |
| Net charge-offs (annualized) | 0.36% (p86 of band) |
| Loans / shares | 19% (p0 of band) |
| Cash / assets | 35.3% |
| Borrowings / assets | 0.00% |
| Net interest margin | -1.33% (p0 of band) |
| Operating expense / assets | 4.85% (p97 of band) |
| Vehicles % of loans | 55% (p87 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 0% |
| Third-party paper % of net worth | 0% (p7 of band) |
| Vehicle delinquency | 0.03% (p6 of band) |
| Vehicle NCO | 0.23% (p39 of band) |
| Repossessed % of vehicle book | 0.00% (p18 of band) |
| Real estate % of loans | 4% |
| Credit cards % of loans | 11% |
| Unsecured % of loans | 30% |
| Commercial % of net worth | 0% |
| Core shares % of member funds | 93% |
| Certificates % of member funds | 1% |
| Average share balance | $9,512 |
| Participations bought / yr | $0 |
| Participations sold / yr | $0 |
| Participations outstanding | – |
| Loans outstanding per 100 members | 64% |
| Loans granted per 100 members, annualized | 10% |
| Average loan balance | $5,369 |
| Loans granted, annualized | $30.7M |

## Flags firing in the latest filing

- **net worth falling** (`cap_falling`)
- **losing money** (`earn_negative`)
- **expense trap** (`earn_opex`)
- **margin squeeze** (`earn_nim_squeeze`)
- **members leaving** (`shrink_members`)
- **loan book shrinking** (`shrink_loans`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 0 |  |  |
| 2016-06 | 0 |  |  |
| 2016-09 | 0 |  |  |
| 2016-12 | 1 | net worth falling |  |
| 2017-03 | 1 |  |  |
| 2017-06 | 0 |  | net worth falling |
| 2017-09 | 1 | delinquency rising |  |
| 2017-12 | 0 |  | delinquency rising |
| 2018-03 | 1 | net worth falling |  |
| 2018-06 | 0 |  | net worth falling |
| 2018-09 | 0 |  |  |
| 2018-12 | 0 |  |  |
| 2019-03 | 2 | net worth falling, charge-offs p90 |  |
| 2019-06 | 1 |  | net worth falling |
| 2019-09 | 1 |  |  |
| 2019-12 | 1 |  |  |
| 2020-03 | 2 | net worth falling |  |
| 2020-06 | 5 | losing money, margin squeeze, members leaving |  |
| 2020-09 | 6 | loan book shrinking |  |
| 2020-12 | 6 |  |  |
| 2021-03 | 5 |  | losing money |
| 2021-06 | 4 |  | margin squeeze |
| 2021-09 | 6 | losing money, expense trap, margin squeeze | charge-offs p90 |

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

- 2026-08-13 [PenFed Credit Union Opens Lemon Creek Financial Center in Boerne, Texas - PR Newswire](https://news.google.com/rss/articles/CBMixAFBVV95cUxObjdyZC14U2I3N0tqSkw5WmFra2tEU3oyT1EzdEgtR0NQNW1ndHZkcml1UjhTYWVwLVRmampKM3RQWWlHVGVuSFJQNEtIUmJSRU9iVzZpVklEMk9YVGNRV085VGNQb2U3VWdweEhZMHotbzJIajBCVEVReThHeXprNEloZHQwV0pfZ3BVNkJPMGlrckQzOEtTNDN6c19sR3R4WHFScUIwV1k0SG9FTnJFUm1uZnF1ajVlYWdiSmROcjlLcmFE?oc=5) · PR Newswire
- 2026-01-21 [Financial Center First Credit Union selects Ning Duong as new CEO - CUInsight](https://news.google.com/rss/articles/CBMiqgFBVV95cUxOQUVoV3I3UDNoQ25Cc1pETWFLMlpHWGVRT1VLT3BNbmJxRG9ZSVhRNHEtVjVrekFNWkd6YTBtWTdkRmZWVHVrODFadmtFVkhNa0lMcWZ3TXpqRS00TzlHX1EwNUlkTFgtY2dMNVFNc3Yxek9vREc0R1Vmak80elhLc0tZMnp5SkM3aF9qUEhnWlExbEhsOWwtMThiTFpFT1drWWdIc0U2c0ctQQ?oc=5) · CUInsight
- 2026-02-17 [PenFed Credit Union Expands to U.S. Virgin Islands with New St. Thomas Financial Center - Yahoo Finance](https://news.google.com/rss/articles/CBMigAFBVV95cUxOSkFXbjlUUjdya2Izak8tZkhqWTJqN3F3bEpWVEFkVlFoX3ZmdnI4Z1FuYUV2eFpOdlhrNHd5Qmg1dnFUa3JGbXhZUzVhTWtWLUJCVmhqNmR3bDBjQ185bnFjazE1ZUt2R0owaDJneEE4LXJucU5GYlY4Mk91cUh5Wg?oc=5) · Yahoo Finance
- 2026-01-20 [Velera to Provide Card Processing Solutions to Indiana-Based Financial Center - PYMNTS.com](https://news.google.com/rss/articles/CBMiuwFBVV95cUxQMXFIZ20wcEFBSEtvaUFfcFdoT0NKZk8zOG84STlZQ1NCS1dDQUc0YUhYNUJOeDk2NDhDSktSOU5BZ09KZFVGRWNNY0ZMd3FGMHFsYzVMdUhFbjNITkYzYXBSWTBFYmtUa1BxYlpUdTRka21uanNTSWtfYXAtanJmSWp4cmhfVEYzdTBHX0JjVjA4THVkRC11S3gzWUtPeEFTRUNwRDdVcTZSMUo5MS1sTjNia3E2YTg4cG9j?oc=5) · PYMNTS.com
- 2026-06-15 [SchoolsFirst Expands in Southern California - CUTimes](https://news.google.com/rss/articles/CBMihgFBVV95cUxQZ0xyYnFHM2U3WDVmYkRPZDBlVVFRNzVBNkJjNnVERlJEN2d5NWFVRGZUWU52UFBZd0FDcHhYblBLd1lxS3lUNzVfR18tQXFqVU5pQ19IMGV1cXJOQTd3TF9ta0oyLTJnUmE1OHZqc1ZRcXprMHF1YXVTUXYybHZTdWtSd2I1QQ?oc=5) · CUTimes
- 2025-11-18 [BECU announces plan to join forces with California-based credit union - thenewstribune.com](https://news.google.com/rss/articles/CBMidEFVX3lxTE1oZ1NrZ0xhM1VOM1BoRVJ4VmFZVEpNTnFaenktdnRxYmxJV1loajBrUENSdldyWmdPaFh0T2U0OXFHS0E0RExTMzJxX21fTzRIb3RiQWlpZ2NWdkg4N1k0Rl9GTjFiUlVSWXZNdmhNN0FDTEhX0gF0QVVfeXFMTzlub09BUzNMWDlJTEg1anhzZVNDalVoYlFEOXZDdWxRTXNYa3ZHeGpLempsQUU3aTU0UzI5NWlEc3NFT2JELUJTNE5TM1AzUmVDV1FFbjBaSHhXalB3LTJobWZwbXNwYm5oSkdyOVpKNXNHYnk?oc=5) · thenewstribune.com
- 2024-07-23 [California Coast Credit Union empowers financial futures - San Diego State University](https://news.google.com/rss/articles/CBMifEFVX3lxTE9vNXpWVnB6WC1MMU93aG90SmRJQmpQaTBhd0hVNDMxYS1IMlgyOXpMX2E3NlNDcFlMWnFQUlctQWl6UHg5Ykd2U041UWN3NG1nWXpZbFhfaGp1VW1aSEZBNmNmNU5CVHA3Yzg3LVJpX25PdFJOS3VYcUNjc2g?oc=5) · San Diego State University
- 2022-05-05 [San Joaquin County-based Financial Center Credit Union now part of Valley Strong - The Stockton Record](https://news.google.com/rss/articles/CBMi-gFBVV95cUxQQnptLWV4ekNmcDcxWDNIajg3SF9nOE81Mkp4bXNwaW4zYlZFTXVjMEZqTkxCTEY3N3BUeWRfTm1YYnc1R0VoVml4b21pLXp2YTBaU0h0a2RzTWVmQjdmVjlxWG5tN2NoU1NqWXQ1TFBSSXpuUGxlZEFyaU9Gd2NkSkZEOG5jQ1RVa1NRSzdWUnBwRVJ3clJRZjJDckJIdkJjXzQ4ZFFEN0NTYnhjc1pvbTdVbjRIQjk5VUV4YWstMG9KZHdRU2ZjbExxOE9hT2FLb05tZ3N3RTRnMWszTFM5LTFLQ25BU19qNWEyUHQ4SHM4RmVHSlJid3BR?oc=5) · The Stockton Record

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=60463 (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/47.json (key "60463", 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=60463
- 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