# WHEELHOUSE
SAN DIEGO, CA · NCUA charter 61003 · asset band $200-500M · latest filing 2026-03 · live
Share link (named URL with a preview card): https://getbookiq.com/cu/wheelhouse-61003

Who the members are: state charter, organized 1934. 32,527 members of 3,298,634 potential (1.0% of the field); checking penetration 35% (share draft accounts per 100 members); loans per 100 members 49.

**Verdict on the desk:** this could be *ordinary*. Composite score 1 of 18 (one point per flag across 17 flags, capital below 7% counted twice).

## What the filing shows

| Measure | Value |
|---|---|
| Total assets | $456.8M |
| Members | 32,527 (1.5% YoY) |
| Full-time staff | 88 |
| Net worth | $36.2M |
| Net worth ratio | 7.9% (p3 of band) |
| ROA (annualized) | 0.33% (p24 of band) |
| Total delinquency | 0.04% (p2 of band) |
| Net charge-offs (annualized) | 0.12% (p18 of band) |
| Loans / shares | 91% (p90 of band) |
| Cash / assets | 7.5% |
| Borrowings / assets | 2.19% |
| Net interest margin | 3.68% (p59 of band) |
| Operating expense / assets | 3.67% (p48 of band) |
| Vehicles % of loans | 6% (p5 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 0% |
| Third-party paper % of net worth | 1% (p20 of band) |
| Vehicle delinquency | 0.05% (p6 of band) |
| Vehicle NCO | 0.23% (p23 of band) |
| Repossessed % of vehicle book | 0.00% (p25 of band) |
| Real estate % of loans | 38% |
| Credit cards % of loans | 1% |
| Unsecured % of loans | 2% |
| Commercial % of net worth | 1% |
| Core shares % of member funds | 55% |
| Certificates % of member funds | 35% |
| Average share balance | $8,828 |
| Participations bought / yr | $0 |
| Participations sold / yr | $0 |
| Participations outstanding | $28.9M |
| Loans outstanding per 100 members | 49% |
| Loans granted per 100 members, annualized | 7% |
| Average loan balance | $22,741 |
| Loans granted, annualized | $106.1M |

## Participation posture (from the same filings)

Bought $0 and sold $0 in the latest annualized quarter; $28.9M outstanding purchased (79.8% of net worth), $5.1M sold and retained. Sold in 1 and bought in 0 of the last 8 quarters. Shares 3.9% year over year.

## Flags firing in the latest filing

- **thin capital** (`cap_low`)

## 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 | 0 |  |  |
| 2017-06 | 1 | delinquency 2x band |  |
| 2017-09 | 1 | loans>95% of shares | delinquency 2x band |
| 2017-12 | 2 | delinquency 2x band, delinquency rising | loans>95% of shares |
| 2018-03 | 2 |  |  |
| 2018-06 | 1 |  | delinquency rising |
| 2018-09 | 1 | loans>95% of shares | delinquency 2x band |
| 2018-12 | 2 | net worth falling |  |
| 2019-03 | 1 | expense trap | loans>95% of shares, net worth falling |
| 2019-06 | 0 |  | expense trap |
| 2019-09 | 0 |  |  |
| 2019-12 | 4 | thin capital, net worth falling, losing money, margin squeeze |  |
| 2020-03 | 4 |  |  |
| 2020-06 | 4 |  |  |
| 2020-09 | 4 |  |  |
| 2020-12 | 3 |  | losing money |
| 2021-03 | 2 |  | margin squeeze |
| 2021-06 | 2 | delinquency rising | net worth falling |
| 2021-09 | 1 |  | delinquency rising |
| 2021-12 | 1 |  |  |
| 2022-03 | 2 | losing money |  |
| 2022-06 | 1 |  | losing money |
| 2022-09 | 3 | loans>95% of shares, leaning on borrowings |  |
| 2022-12 | 4 | net worth falling |  |
| 2023-03 | 5 | losing money |  |
| 2023-06 | 4 |  | net worth falling |
| 2023-09 | 3 |  | losing money |
| 2023-12 | 3 |  |  |
| 2024-03 | 5 | net worth falling, losing money, delinquency rising | loans>95% of shares |
| 2024-06 | 4 |  | delinquency rising |
| 2024-09 | 2 |  | leaning on borrowings, net worth falling |
| 2024-12 | 1 |  | losing money |
| 2025-03 | 1 |  |  |
| 2025-06 | 3 | delinquency rising, assets shrinking |  |
| 2025-09 | 3 |  |  |
| 2025-12 | 1 |  | delinquency rising, assets shrinking |
| 2026-03 | 1 |  |  |

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

- 2026-08-14 [Carlsbad Student Receives Wheelhouse 'Badge Of Honor' Scholarship - Patch](https://news.google.com/rss/articles/CBMinwFBVV95cUxPdkYzdXdJRWEzY3dsQV93cjZURUE3aGVRS3hUN2JiOWxPa1QzblF3bmJKdkV0dlZHOF83dWRDOUp2TEFHUm5tTkdVRlEyUkxsYlk0X1VNWGxhR29rbHZIdUxtVlB5QTVNYmpjVjZCR1RwUTlfemhybkgxOGExanpaTWE2N0FQUGJHX1JzSE1IajFnc0plUEhyS2wyMnFHM0E?oc=5) · Patch
- 2025-03-18 [Wheelhouse Credit Union presents annual D. Cruz Gonzalez Memorial Grant to Sports4Kids - CUInsight](https://news.google.com/rss/articles/CBMixAFBVV95cUxNUHpmdFEwWnEyWnZPMUxycjlBOGlfNW54di1QQThqS1dWNTVyZlpxd21jMDdvdHR0SXhzNUx1dFdYQ0EyejkyNS1VUEhjX0NHR1c3c3FvODZIeE91c2l1ZXVnR2ltYWlrekRwZkxycUU2bjRvVTJaMWVoaDctU2dZcDVraWlnOVdMSEJvMENnQW1MZENNWWJNM1BBbWg5YTcxQWxDOGo3VjJZRW43NDZzMHBTSGpJbkkzVnZ2RzlRSDdtNlE3?oc=5) · CUInsight
- 2026-02-03 [Oceanside Students Eligible For Wheelhouse College Scholarships - Patch](https://news.google.com/rss/articles/CBMisgFBVV95cUxPYWJjVXYwZDN4VXcyOHQyQ0U5U09vQUpKYU55SGFGcVVDbkg1TkZwaWVPT1JTQWtyZVVlWDFYTnBXVnhONVBoQzB3dkUyV0FQeE93ZktCVnlGMEhKaWFWV1Q5T2xGeVVQUWY0VGwwU3VPSlNyQUdPRFhBNTAtOWVSYmRfenpmQjd5WlNOdVRONVNIYzhRNEhleGZRUjh3WkRQVXRMa1ZoTzd2eTZER2t6blV3?oc=5) · Patch
- 2022-07-27 [Two Ramona High graduates awarded $1,000 ‘Badge of Honor’ scholarships - San Diego Union-Tribune](https://news.google.com/rss/articles/CBMitgFBVV95cUxQTFNiMmFGNERITjgzYXFvNkVMQUppQ0VhZmhsRHhZM1BGNzVNMlFGcE5UekhvNFFxc1hJdi1Wb0lNYVktbGMwRHVfcnZ6djdma0Z0dVBCalZvV056SU9aZDBTOHRLRUhxVzJsRzJyQzBfLUVvQVZYR0JnRDRpRVk1THVvZkU5ZHNPWVd6S3BYNTFYdlQzSm04M1lRTmFrUkFrQURIQVFxY2kxYVQ1dnpFMUxsQkRWZw?oc=5) · San Diego Union-Tribune
- 2025-09-09 [5 San Diego County Students Win Sustainability Scholarships From Wheelhouse Credit Union - Patch](https://news.google.com/rss/articles/CBMirgFBVV95cUxNOEZOZDVKaDhwSHpFcUNuNnF1aDBraHpONmtib0xuVngwTHpZVWxYd0RwMmRwNjN0Ny1hQkVrM19kd3RVWWQ1MHBuMWJCeWNDeEozaFNtT3g4V2JvT2Q0dUViTEVNZTdEWXZDTURkclZDR3FZcHN4N09wWHRDRzkyWVNablV5cEZFTmM1V2pzeWF2NEhWbnNvZ2R6TW1XbjhKNEpIb2x2UWVNTTA3VFE?oc=5) · Patch
- 2025-08-21 [6 San Diego Students Win 'Badge Of Honor' Scholarships From Wheelhouse - Patch](https://news.google.com/rss/articles/CBMioAFBVV95cUxOald1NzIydjctU2U5dnlLekI4UnJjM3VlQmhXd29BUEpjWXFNVzVtVFQxUlpoZzgteWdZZE1SOVpZR2RoLVFvOGU0LVZVbjlyNGdQTkx4V3d4dTV5NEJWUHc2clN0VVRvRk9IdUFhLWEwZEktUm1DZUJwQndLZkJUcVE4RnlRTi1QanNRT3FKXzVadV9MSnJaa1g4VHc3X29p?oc=5) · Patch
- 2024-09-19 [5 San Diego County Students Win Sustainability Scholarships From Wheelhouse Credit Union - Patch](https://news.google.com/rss/articles/CBMipwFBVV95cUxQcGZ3eEZyVVNjbUlzZE4zOFhZaFJLYTZQemVBYU1sZUp3REpvRDJJYmJ5UVFkWkYxUGViRmFTNzQwTk1iYzJJbjRBYml1aE84ZVBXNDBqUjhCelFVeDFhUm9vbkxlN3FmZzZfa1c0cExHZ3FMRllIcWRCOHVxSjJMczBmNnlGSFV2OHFIcGhwMVgteXdYNmczWmQ0bmRsQkQ5RW01N3JTOA?oc=5) · Patch
- 2024-08-14 [Santee Student Wins 'Badge Of Honor' Scholarship From Wheelhouse - Patch](https://news.google.com/rss/articles/CBMilAFBVV95cUxOOF9kM3psaXZlbkZVVk03OHpFNzdXZmhMeUMyTE5BdTVBbzhwTC0tU1pkY09uYlU4RlZFTjdIOFQyZVVUcUd5NUk5YWVXUGJ1OXI2OFZZTDNkOWFBTkpLUk5SWGhYdjFNZGlZbl85T1NkWGVBRHBlNG5UcTF6ZlZvVjNUUVZoaUp4ZVNjYm1MZUVuSTdp?oc=5) · Patch

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=61003 (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 "61003", 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=61003
- 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