# ORGANIZED LABOR
Modesto, CA · NCUA charter 61942 · asset band <$50M · latest filing 2026-03 · live
Share link (named URL with a preview card): https://getbookiq.com/cu/organized-labor-61942

Who the members are: state charter, organized 1974, low-income designated. 3,087 members of 10,000 potential (30.9% of the field); checking penetration 33% (share draft accounts per 100 members); loans per 100 members 29.

**Verdict on the desk:** this could be *ordinary*. 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 | $40.5M |
| Members | 3,087 (-8.3% YoY) |
| Full-time staff | 6 |
| Net worth | $4.0M |
| Net worth ratio | 9.8% (p15 of band) |
| ROA (annualized) | 1.07% (p73 of band) |
| Total delinquency | 1.39% (p70 of band) |
| Net charge-offs (annualized) | -0.02% (p19 of band) |
| Loans / shares | 42% (p26 of band) |
| Cash / assets | 48.7% |
| Borrowings / assets | 0.00% |
| Net interest margin | 4.03% (p56 of band) |
| Operating expense / assets | 3.72% (p53 of band) |
| Vehicles % of loans | 38% (p24 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 42% |
| Third-party paper % of net worth | 60% (p95 of band) |
| Vehicle delinquency | 2.98% (p87 of band) |
| Vehicle NCO | 0.00% (p35 of band) |
| Repossessed % of vehicle book | 0.00% (p46 of band) |
| Real estate % of loans | 47% |
| Credit cards % of loans | 4% |
| Unsecured % of loans | 10% |
| Commercial % of net worth | 0% |
| Core shares % of member funds | 85% |
| Certificates % of member funds | 10% |
| Average share balance | $7,859 |
| Participations bought / yr | $0 |
| Participations sold / yr | $0 |
| Participations outstanding | $1.0M |
| Loans outstanding per 100 members | 29% |
| Loans granted per 100 members, annualized | 16% |
| Average loan balance | $16,684 |
| Loans granted, annualized | $4.0M |

## Participation posture (from the same filings)

Bought $0 and sold $0 in the latest annualized quarter; $1.0M outstanding purchased (26.1% of net worth), $0 sold and retained. Sold in 0 and bought in 0 of the last 8 quarters. Shares 14.4% year over year.

## Flags firing in the latest filing

- **delinquency 2x band** (`aq_dq_high`)
- **delinquency rising** (`aq_dq_rising`)
- **members leaving** (`shrink_members`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 2 | thin capital, auto monoline |  |
| 2016-06 | 2 |  |  |
| 2016-09 | 3 | net worth falling |  |
| 2016-12 | 2 |  | net worth falling |
| 2017-03 | 3 | losing money |  |
| 2017-06 | 3 | net worth falling | losing money |
| 2017-09 | 2 |  | net worth falling |
| 2017-12 | 3 | delinquency rising |  |
| 2018-03 | 4 | 3rd-party paper>100% NW |  |
| 2018-06 | 5 | net worth falling |  |
| 2018-09 | 3 |  | delinquency rising, net worth falling |
| 2018-12 | 3 |  |  |
| 2019-03 | 3 |  |  |
| 2019-06 | 4 | net worth falling |  |
| 2019-09 | 4 | delinquency rising | net worth falling |
| 2019-12 | 3 |  | delinquency rising |
| 2020-03 | 3 |  |  |
| 2020-06 | 4 | delinquency rising |  |
| 2020-09 | 4 |  |  |
| 2020-12 | 3 |  | delinquency rising |
| 2021-03 | 4 | margin squeeze |  |
| 2021-06 | 4 | delinquency rising | margin squeeze |
| 2021-09 | 3 |  | auto monoline |
| 2021-12 | 4 | auto monoline |  |
| 2022-03 | 4 |  |  |
| 2022-06 | 3 |  | delinquency rising |
| 2022-09 | 2 |  | auto monoline |
| 2022-12 | 3 | members leaving |  |
| 2023-03 | 2 |  | members leaving |
| 2023-06 | 2 |  |  |
| 2023-09 | 2 |  |  |
| 2023-12 | 2 |  |  |
| 2024-03 | 4 | delinquency rising, members leaving |  |
| 2024-06 | 3 |  | members leaving |
| 2024-09 | 2 | assets shrinking | thin capital, 3rd-party paper>100% NW |
| 2024-12 | 2 | loan book shrinking | assets shrinking |
| 2025-03 | 2 | assets shrinking | delinquency rising |
| 2025-06 | 1 | members leaving | loan book shrinking, assets shrinking |
| 2025-09 | 3 | net worth falling, delinquency rising |  |
| 2025-12 | 1 |  | net worth falling, delinquency rising |
| 2026-03 | 3 | delinquency 2x band, delinquency rising |  |

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

- 2026-03-23 [Assessing the wreckage after Cesar Chavez’s fall - Politico](https://news.google.com/rss/articles/CBMiwgFBVV95cUxONFVGWXdiMWpWd3ZocTFvMDg1enRjT2VzaS1EN3NjZWVhNFhja1VNSnNpSy1lN1hMbmU3QU5PcU9jVk9vLXFRbTAwQ0RhWF8zZ1ozanMybzN6aU5hR1A1WUZIbUhBQTVUVUFLcVlmb1FwQll0aFZxSmRkaDVGclN2Zy1na05NenlYWkZJcFFmS29meUZ2bWJPY0FwUGhxOU0tMHc3eFFFVFNKRGlLV0hmR0lPamRKbThWY2hyRUlhOTNWQQ?oc=5) · Politico
- 2010-04-13 [Credit Unions Dropping ‘Credit Union’ From Their Names - The Financial Brand](https://news.google.com/rss/articles/CBMirAFBVV95cUxQRnBKTWtxQmI5eGlVVlM2bmZoSmozNXpscWlVOUxIUFZNMm1RUU1janZiT09KTktMYVkzYk5JWTZUb0VhNjFuYkwtLWo2RmctdGs1NkluQm9OLW4tU0FOTXQ3RWJwdjlkSUcxbW9VR2d6MC1tcDZQRW1sUjdoWHNwS0VEa1BRYTNrai03TDVkZEFrNXQ2Z3Z6OWZZWklqbHJnVDhGVW5vVVZrdDJD?oc=5) · The Financial Brand
- 2026-08-16 [In Minneapolis, organized labor makes Minnesota’s resistance its rallying cry - Insight News](https://news.google.com/rss/articles/CBMi8AFBVV95cUxPYnVlMkJaaXlWZ09CbjhUZC1UU0tNQzJoOFFtS3pHNS0wMjNXOVdzOTFyeEpHRHBzMnNOaUxlOVB2bFlMRFFrM2FxcU5WVnBaN25UQ1ItUnlTai1fcDM3X2xBNFVxV2dpSmlScl9aZHlVR3JmdUlLSWVLbjYtdEVyOC1mYVVvMkVzRWR6bWNyMVRGeDdjOV8xUFBvYXl6cC1yTENnLW5rZ1JGODdYeElUaWhaT1VJRXJaY25XU1JXVmFNaG1WaXRtUjF1cDBfSllYaHNHXzJmbmxjM1ZrOFpxZFhjWENRYTNJWGstWU95eks?oc=5) · Insight News
- 2026-05-18 [Celebrating the Life and Legacy of Tony Mazzocchi, a Working-Class Hero - inthesetimes.com](https://news.google.com/rss/articles/CBMifEFVX3lxTFBlSG8tQ2UzcXp1YlR3MGR4Wmh1MEp3RUh1OUlBOHg5bk5nNkZuWEhZZzFwRXRlaEVXYWxEbmp3djdILS1zc253X01yMEF5Q1hHUEw1VlF0eXRtMTJPSGZCUUxhcW9kQVBUenRCU18yMGFtUHp4NFVjUzJHS2g?oc=5) · inthesetimes.com
- 2019-12-26 [How to Start a Union When You Don’t Have the Right - YES! Magazine](https://news.google.com/rss/articles/CBMidEFVX3lxTE5ELXVUUE1sa21jZHh1QnhmS0NCOS1jQ0w4bGFWX0k0Y0ZhY3hyXzliS1J2aVl1dnJWQ1dXZWZuMzhkdmNCdERFb1ZLMnNSRE5vdmFzOWUzQmJxR2dUY2w0TE42TjVwZ0RRN0dZS1pqQ1BoVVkw?oc=5) · YES! Magazine
- 2021-02-24 [How to get 100% of rent, utility debt paid off with Stanislaus County's assistance program - ABC10](https://news.google.com/rss/articles/CBMivAFBVV95cUxNRUlWam1EMkplQWo0SEd3cWpkWEstbGRSeUNiYWxxanVSdVJyaEtyOW91VHRnM3E0bjRadUdNWmZNOXE5Ykh1V0J5ZGdaYVh4dTBEUHJwRTdJZElubGZ3WS12cGRnTUVqYklzZUFWN2pmQTZqMTJLNWpPeWtYaWhtcnYwSkRxc09qakVib2YzU0lEX01jSGhuX1BTZzJuYkRndE1kdkZlLWlsUEJZaEl2d1R0RTViOWZzX2pweg?oc=5) · ABC10
- 2025-04-04 [Unions’ share of California construction jobs at record low - San Diego Union-Tribune](https://news.google.com/rss/articles/CBMiqwFBVV95cUxNTEpCbzJTSkx2Yk0xSjhtdm9KNWhsZFJzQUVqTmtrOVRGVGhiMGhldV9wZmY2YXlSVWs4UFZKSzJ0THBpRXI1TzVoLWs2eEtEeUpwRWN4R0ZtRkhTWE9PQUJfQ2NEMlNFeUNBNWN5QktDMXdlMmptalVQQkFDejFLRGgwOTBqQUdpN2V2cXdybjE5WWl1TmJzdXJZYk5uaGxUd0N3M1FJdDlESWs?oc=5) · San Diego Union-Tribune
- 2023-11-01 [Naming a Street after Cesar Chavez Is a Privilege - fresnoalliance.com](https://news.google.com/rss/articles/CBMigwFBVV95cUxNSVQxREV3UmIxRGtBVG5BUXFDeElGTzJMMnZoSmVrZW5tb2dxSVh3RDN1RkVxTWRLbWc3WDRVLVFIcE1xX3ZrYjB6UVdJS242bzRYNE94akgzbE9RUTBUcmRmQjlSZVh1N0tXR3RpWjlVNDRBLWxVM0NhT1V1UTlfNlZORQ?oc=5) · fresnoalliance.com

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=61942 (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/54.json (key "61942", 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=61942
- 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