# ADELFI
Brea, CA · NCUA charter 63837 · asset band $500M-1B · latest filing 2025-09 · stopped filing after 2025-09 (departed; for a credit union that is almost always a merger)
Share link (named URL with a preview card): https://getbookiq.com/cu/adelfi-63837

Who the members are: state charter, organized 1964. 17,084 members of 300,000 potential (5.7% of the field); checking penetration 62% (share draft accounts per 100 members); loans per 100 members 37.

**Verdict on the desk:** this could be *participation buyer*. Composite score 2 of 18 (one point per flag across 17 flags, capital below 7% counted twice).

## What the filing shows

| Measure | Value |
|---|---|
| Total assets | $581.3M |
| Members | 17,084 (-2.0% YoY) |
| Full-time staff | 84 |
| Net worth | $90.6M |
| Net worth ratio | 15.6% (p93 of band) |
| ROA (annualized) | 0.56% (p43 of band) |
| Total delinquency | 0.41% (p25 of band) |
| Net charge-offs (annualized) | 0.61% (p68 of band) |
| Loans / shares | 77% (p31 of band) |
| Cash / assets | 10.1% |
| Borrowings / assets | 3.85% |
| Net interest margin | 2.99% (p23 of band) |
| Operating expense / assets | 3.73% (p59 of band) |
| Vehicles % of loans | 17% (p21 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 32% |
| Third-party paper % of net worth | 102% (p49 of band) |
| Vehicle delinquency | 1.98% (p93 of band) |
| Vehicle NCO | 3.17% (p95 of band) |
| Repossessed % of vehicle book | 0.00% (p18 of band) |
| Real estate % of loans | 1% |
| Credit cards % of loans | 1% |
| Unsecured % of loans | 7% |
| Commercial % of net worth | 274% |
| Core shares % of member funds | 35% |
| Certificates % of member funds | 20% |
| Average share balance | $21,748 |
| Participations bought / yr | $0 |
| Participations sold / yr | $2.1M |
| Participations outstanding | – |
| Loans outstanding per 100 members | 37% |
| Loans granted per 100 members, annualized | 0% |
| Average loan balance | $56,419 |
| Loans granted, annualized | $6.2M |

## Flags firing in the latest filing

- **loan book shrinking** (`shrink_loans`)
- **3rd-party paper>100% NW** (`str_thirdparty`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 6 | thin capital, capital below 7%, delinquency 2x band, leaning on borrowings, 3rd-party paper>100% NW |  |
| 2016-06 | 5 |  | delinquency 2x band |
| 2016-09 | 4 | delinquency 2x band | capital below 7% |
| 2016-12 | 2 |  | leaning on borrowings, delinquency 2x band |
| 2017-03 | 3 | assets shrinking |  |
| 2017-06 | 4 | loan book shrinking |  |
| 2017-09 | 4 | delinquency 2x band | loan book shrinking |
| 2017-12 | 3 |  | delinquency 2x band |
| 2018-03 | 4 | delinquency 2x band, delinquency rising | assets shrinking |
| 2018-06 | 7 | losing money, charge-offs p90, assets shrinking |  |
| 2018-09 | 5 |  | thin capital, delinquency rising |
| 2018-12 | 4 |  | delinquency 2x band |
| 2019-03 | 4 | thin capital, leaning on borrowings | losing money, charge-offs p90 |
| 2019-06 | 3 |  | thin capital |
| 2019-09 | 2 | delinquency 2x band | assets shrinking, leaning on borrowings |
| 2019-12 | 5 | thin capital, losing money, charge-offs p90, loan book shrinking | delinquency 2x band |
| 2020-03 | 5 | assets shrinking, leaning on borrowings | losing money, charge-offs p90 |
| 2020-06 | 4 | margin squeeze | assets shrinking, leaning on borrowings |
| 2020-09 | 6 | losing money, assets shrinking |  |
| 2020-12 | 5 | members leaving | loan book shrinking, margin squeeze |
| 2021-03 | 5 | charge-offs p90 | losing money |
| 2021-06 | 3 |  | thin capital, charge-offs p90 |
| 2021-09 | 3 | delinquency 2x band | members leaving |
| 2021-12 | 3 | expense trap | delinquency 2x band |
| 2022-03 | 2 |  | expense trap |
| 2022-06 | 3 | delinquency rising |  |
| 2022-09 | 3 | delinquency 2x band, leaning on borrowings | assets shrinking, delinquency rising |
| 2022-12 | 3 | expense trap, loans>95% of shares | delinquency 2x band, leaning on borrowings |
| 2023-03 | 2 |  | expense trap |
| 2023-06 | 2 |  |  |
| 2023-09 | 2 |  |  |
| 2023-12 | 2 |  |  |
| 2024-03 | 6 | net worth falling, losing money, delinquency 2x band, delinquency rising, loan book shrinking | loans>95% of shares |
| 2024-06 | 5 |  | net worth falling |
| 2024-09 | 3 |  | delinquency 2x band, loan book shrinking |
| 2024-12 | 5 | net worth falling, members leaving, leaning on borrowings | delinquency rising |
| 2025-03 | 4 | loan book shrinking | losing money, net worth falling |
| 2025-06 | 3 |  | leaning on borrowings |
| 2025-09 | 2 |  | members leaving |

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

- 2025-07-03 [AdelFi Credit Union partners Alkami for digital banking platform - fintechfutures.com](https://news.google.com/rss/articles/CBMisAFBVV95cUxQeXdxbkRRbTBzSGlNX29qQm9WWmE3NXJpVkwzb09QLTlVUWxsWEpsNWNyejBnNFdLYVl5R1o2RHVFbzlTOTdIY1RTMzR3TDdhc0RMLV9pOW9CM0FPSjlpTEVjMThmMUkxMGFYSHMwRVE3anU3eGtJWVh5VVZhNGktTEZLQTd5QnpPNUNYMl9ObExRUndUYmlRUnB6N1l0VzZiUnRTdEFMUmg1VVlUOUlTWg?oc=5) · fintechfutures.com
- 2025-12-01 [Two Christian Credit Unions Unite in Strategic Merger to Form the Largest Faith-Based Banking Institution in the U.S. - PRWeb](https://news.google.com/rss/articles/CBMi8wFBVV95cUxNSWQtOW5Yc2hYVmI0UlB1MENnUnJvMjdvTERja0hiaG5ia1hOYi1rSDJZT1hVRUhLLXBMU2FyNm9FcTAzdmU3SEpnZ3pVN3dPM0NleWRvMVhHS0FBbkpqekV0SFJxb3V0QzlBUzhPQlhmNV9wYjNNdlRnbWZ4SFl4STVVbWtzdVZ3QVVOR0MtbkRfVk9MSXNJZ1FEOERJTTRaSWFRbFgwQ2pMLTBJUklnby1DNDVja2pzZ3ptcXpDSGI5VjFoNVY0N1VPZzdsTjBlcVJjZWNhc0dKdzd0WUhWZEdqYkE5TWIxdGEzcEFPcE1QOTQ?oc=5) · PRWeb
- 2023-01-04 [AdelFi Credit Union Sells Imperial Mariner Office Campus in Brea, California for $80M - REBusinessOnline](https://news.google.com/rss/articles/CBMiswFBVV95cUxQX19sYWF6cHctQ1BsQnNiWHVfdnpKdC0taDlpSDJLc0hhcXlMMjJ6SEg2WkdiVmZkSDVxRG11bjZDUjdZc21Ea2daaEJZb0FCR2JQQkIwM2tCaHpzOWduSE5qcTZMQUV0bzZWS011RVYtZTYtUElxV3hLN3lpbGtRN1RfRDFuNkhUdWZ0aHBjY200eWJxTE1KTnItT2VEQUdPUnJmX05XX0drWnRBbjZTNlpRcw?oc=5) · REBusinessOnline
- 2022-02-18 [Evangelical Christian Credit Union Rebrands to AdelFi - PR Newswire](https://news.google.com/rss/articles/CBMirgFBVV95cUxPSzQ0VkxTb2xPZTBvNGgyMUE5bTEzRmVLZVAzTHdnT1p4ektNVk1QNDdUYnVQV3BfWXVtN0ZMTkJDcjlrcVkxM1lEaGhKeWNscmpxRWpDekJyUFZDS3hITThTdlo2SGVqYjd0QkFKXy1rZ18yNnFKdDlxVUhBYVVIaE1xX2FxT0ktM2hmcWNVYkpkV2pXb29DTURjbTB0WGdJeWM5cUhjWkJOWGM5YXc?oc=5) · PR Newswire
- 2026-03-05 [How to choose a bank aligned with your values: A comprehensive guide - Bankrate](https://news.google.com/rss/articles/CBMiiAFBVV95cUxONnBUT05xVWo3Qk90M0VrOTJvRkRUMGxOSFRHWVZmenJ3RE5teFE0UnZEUVhjTHVUVEJPbUFZLWZHQ19wQjlNX2x6dnd3aU9jWEtqNWNzQWpJQlJWc2tMVGJ0clBLY1NHSVhuSVFTMTZSYUMteWFqWS10b21IdmVfY1ZkQWFQMzho?oc=5) · Bankrate
- 2025-12-08 [OC-Based Credit Unions Grow Assets by 8.6% - Orange County Business Journal](https://news.google.com/rss/articles/CBMie0FVX3lxTE0xWng4czZRaUtTZ1cxVXhkOTNGc3doSUltTnlhdnlXZS1uTE1LeElaWUlSMGU3OVdrNXgyUHRrYXYtX0loTkZDQkIyZXdhOXd6QU1WZjBYRF9DSU5OeUpvamRiYll4Y1dNN2hKRkpaY0VaODhMU1loNllZQQ?oc=5) · Orange County Business Journal
- 2023-01-03 [JLL closes $80M sale and arranged $44M financing of office campus for corporate client - JLL](https://news.google.com/rss/articles/CBMimAFBVV95cUxQakNveER6YTNSQVI1SkZRYW5rdnRZb3h2WXlvNlZiQ2hNaHAtQlhRT19RRVA4WV9oSE9uRDRaMnJFbllSc00wNG5PeW9OdndzRFgwOXcwS241OE9HeEVQMWlYVlJ2dVZzelRkREZUbldWb296WmNmeWRSbU03Y3ZsVnNLT2w3MjNNOUZwSDFadGRXZnRvdFNrZg?oc=5) · JLL
- 2023-01-04 [HPA Acquires Brea Office/Medical Campus for $80M - - Connect CRE](https://news.google.com/rss/articles/CBMiiwFBVV95cUxQN1R4czE3dk5hRmpaQkg0cno1QmZnRTBLY0RTVS1UZFc3N0pOZnh1VE5MVmhuN05TWWdHNm1hQzRoRDdoRWRXVmx1ZTRka3NJaHNrc09qUUFVNENMWUdDUjZlemdGaWRfb1BkY3VkbTFTMkFuMXdBSG1RdHd1dDBMSnROUDl5OWF2cWF3?oc=5) · Connect CRE

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=63837 (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/29.json (key "63837", 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=63837
- 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