# FINANCIAL SECURITY
CARLSBAD, NM · NCUA charter 62452 · asset band $50-100M · latest filing 2026-03 · live
Share link (named URL with a preview card): https://getbookiq.com/cu/financial-security-62452

Who the members are: state charter, organized 1954, low-income designated. 5,139 members of 10,000 potential (51.4% of the field); checking penetration 56% (share draft accounts per 100 members); loans per 100 members 43.

**Verdict on the desk:** this could be *auto monoline*. 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 | $63.8M |
| Members | 5,139 (0.3% YoY) |
| Full-time staff | 16 |
| Net worth | $10.4M |
| Net worth ratio | 16.3% (p78 of band) |
| ROA (annualized) | 1.08% (p69 of band) |
| Total delinquency | 0.93% (p69 of band) |
| Net charge-offs (annualized) | 0.15% (p39 of band) |
| Loans / shares | 86% (p91 of band) |
| Cash / assets | 19.8% |
| Borrowings / assets | 0.00% |
| Net interest margin | 3.98% (p68 of band) |
| Operating expense / assets | 4.78% (p85 of band) |
| Vehicles % of loans | 76% (p95 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 0% |
| Third-party paper % of net worth | 0% (p25 of band) |
| Vehicle delinquency | 1.00% (p69 of band) |
| Vehicle NCO | 0.31% (p56 of band) |
| Repossessed % of vehicle book | 0.00% (p38 of band) |
| Real estate % of loans | 0% |
| Credit cards % of loans | 2% |
| Unsecured % of loans | 11% |
| Commercial % of net worth | 15% |
| Core shares % of member funds | 75% |
| Certificates % of member funds | 19% |
| Average share balance | $5,755 |
| Participations bought / yr | $0 |
| Participations sold / yr | $0 |
| Participations outstanding | – |
| Loans outstanding per 100 members | 43% |
| Loans granted per 100 members, annualized | 19% |
| Average loan balance | $20,581 |
| Loans granted, annualized | $17.0M |

## Flags firing in the latest filing

- **auto monoline** (`str_vehicle`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 1 | auto monoline |  |
| 2016-06 | 2 | delinquency 2x band |  |
| 2016-09 | 1 |  | delinquency 2x band |
| 2016-12 | 1 |  |  |
| 2017-03 | 4 | net worth falling, margin squeeze, loan book shrinking |  |
| 2017-06 | 2 |  | net worth falling, loan book shrinking |
| 2017-09 | 3 | delinquency rising |  |
| 2017-12 | 2 |  | delinquency rising |
| 2018-03 | 1 |  | margin squeeze |
| 2018-06 | 2 | net worth falling |  |
| 2018-09 | 2 | delinquency 2x band | net worth falling |
| 2018-12 | 1 |  | delinquency 2x band |
| 2019-03 | 1 |  |  |
| 2019-06 | 1 |  |  |
| 2019-09 | 1 |  |  |
| 2019-12 | 1 |  |  |
| 2020-03 | 2 | delinquency 2x band |  |
| 2020-06 | 4 | net worth falling, margin squeeze |  |
| 2020-09 | 3 |  | net worth falling |
| 2020-12 | 3 |  |  |
| 2021-03 | 2 |  | margin squeeze |
| 2021-06 | 3 | net worth falling |  |
| 2021-09 | 3 | expense trap | net worth falling |
| 2021-12 | 4 | margin squeeze |  |
| 2022-03 | 3 | net worth falling | expense trap, margin squeeze |
| 2022-06 | 1 |  | delinquency 2x band, net worth falling |
| 2022-09 | 1 |  |  |
| 2022-12 | 1 |  |  |
| 2023-03 | 1 |  |  |
| 2023-06 | 1 |  |  |
| 2023-09 | 2 | delinquency rising |  |
| 2023-12 | 3 | delinquency 2x band |  |
| 2024-03 | 3 |  |  |
| 2024-06 | 2 |  | delinquency 2x band |
| 2024-09 | 3 | delinquency 2x band |  |
| 2024-12 | 1 |  | delinquency rising, delinquency 2x band |
| 2025-03 | 1 |  |  |
| 2025-06 | 2 | net worth falling |  |
| 2025-09 | 1 |  | net worth falling |
| 2025-12 | 2 | delinquency rising |  |
| 2026-03 | 1 |  | delinquency rising |

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

- 2023-10-09 [NMSU to introduce new lab, financial center thanks to $3 million Nusenda gift - New Mexico State University](https://news.google.com/rss/articles/CBMi4AFBVV95cUxPNjA4dWpxaGpIRU02ekhGQV9FUk9SM0dwekpoMGlKOVJ6NjB5MDBUYkxzemMyUXc0OG5wbHl2bnZiTC1Wa0JDOVNrRGlNeEJINERxUlRBWUVRbUZXWWRJbFhYeW5qaVB0bl9wMG05ZnByLWFIeWdjUjRrVjNBOGZabUVLdnZDODlSTWJOTV83X2JWOG44MkRFaHZFWTduM1JVcXUzNUNCX2pQOG96T09PWFV3UlRfc0JKa3o2bGszdlpmbHFiRlRXdVVtaWY4eldrWDl4WjRwTlJVcnlYM3BJeA?oc=5) · New Mexico State University
- 2025-12-18 [California - Newsweek Rankings](https://news.google.com/rss/articles/CBMikgFBVV95cUxOTGxlNEF4aW9OOVBlYVYxTjRYMDRvUHFnM3RSZjR0MWpGYi1MbXZHdU5RREhWalRxUENSYlZyQUQ0M1haYThOaWRZSHl5LWVselpYOUpBWmNnOHdaWWJxTXdiczhfc0hOcjFKZ1A1amtUT2k5UU0wRWd6Wk41aEJGOF9MOFBJZE5BeU51XzVyck1PUQ?oc=5) · Newsweek Rankings
- 2017-04-14 [40 Under 40 2017 - The Desert Sun](https://news.google.com/rss/articles/CBMilgFBVV95cUxNSDZDQ2tGeVI1MXJNZHdiRWFIVjRyUTNQV3dabHhZV3pOMUNaRFdtbnZHRTlkeVJPdG83Wl83RmdrSGdQbndSeS1tdGFQNjlfdjZEZXdTOUYyMWFyelB4NVRrMy1iTWNXX09ZNnJ1QXJ0QldCcmQ1c0VhakxUc1ozUmt6X3FXc1U3OFdSZjZZam9Jb0FkWEE?oc=5) · The Desert Sun
- 2020-03-05 [NM Fire Department Providing CISM Training - firehouse.com](https://news.google.com/rss/articles/CBMinAFBVV95cUxObzlwemdFdmFuc3JOT1JCM3luZDZrR05meFl4U2F6aFA1N3pSRGhydkpYNGp2bm1oeldVU19vXzdNUkNzNVNEa2VkeXFlTFlCU3ZueWxqaVNKR3BmVEJwWnhOamRUZEtGMUlqeElfSDNkdVR0NXZvX0ZSUUNTbnZKR0xfczdISWZzRTdmUG10SjZfNm1nTF92R2xUUkc?oc=5) · firehouse.com
- 2022-08-18 [Bailout List: Banks, Auto Companies, and More | Eye on the Bailout - ProPublica](https://news.google.com/rss/articles/CBMiV0FVX3lxTE9yUjlLUHlRTkFPekMwR3J1MXFxS2o0OWc3cTFybnY2U1ZhZ1BkTVRweEE5bXJuWnVSTTRxWk1malZlQ2dPUVpHSTk0OTZfNUg3aGpUVVJrbw?oc=5) · ProPublica

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=62452 (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/52.json (key "62452", 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=62452
- 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