# SIERRA POINT
SOUTH SAN FRANC, CA · NCUA charter 68025 · asset band <$50M · latest filing 2016-06 · stopped filing after 2016-06 (departed; for a credit union that is almost always a merger)
Share link (named URL with a preview card): https://getbookiq.com/cu/sierra-point-68025

Who the members are: state charter, organized 1954. 2,155 members of 10,000 potential (21.6% of the field); checking penetration 16% (share draft accounts per 100 members); loans per 100 members 62.

**Verdict on the desk:** this could be *stressed*. 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 | $27.0M |
| Members | 2,155 (– YoY) |
| Full-time staff | 7 |
| Net worth | $1.8M |
| Net worth ratio | 6.6% (p2 of band) |
| ROA (annualized) | -2.61% (p2 of band) |
| Total delinquency | 0.51% (p38 of band) |
| Net charge-offs (annualized) | 0.18% (p51 of band) |
| Loans / shares | 48% (p38 of band) |
| Cash / assets | 24.3% |
| Borrowings / assets | 0.00% |
| Net interest margin | 3.12% (p56 of band) |
| Operating expense / assets | 6.44% (p95 of band) |
| Vehicles % of loans | 12% (p9 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 65% |
| Third-party paper % of net worth | 54% (p95 of band) |
| Vehicle delinquency | 2.12% (p80 of band) |
| Vehicle NCO | 0.00% (p29 of band) |
| Repossessed % of vehicle book | 4.36% (p100 of band) |
| Real estate % of loans | 71% |
| Credit cards % of loans | 4% |
| Unsecured % of loans | 6% |
| Commercial % of net worth | 0% |
| Core shares % of member funds | 56% |
| Certificates % of member funds | 8% |
| Average share balance | $8,686 |
| Participations bought / yr | $0 |
| Participations sold / yr | $0 |
| Participations outstanding | – |
| Loans outstanding per 100 members | 62% |
| Loans granted per 100 members, annualized | 3% |
| Average loan balance | $9,030 |
| Loans granted, annualized | $157,900 |

## Flags firing in the latest filing

- **thin capital** (`cap_low`)
- **capital below 7%** (`cap_critical`)
- **losing money** (`earn_negative`)
- **expense trap** (`earn_opex`)
- **repo signal** (`aq_repo`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 6 | thin capital, capital below 7%, losing money, expense trap, repo signal |  |
| 2016-06 | 6 |  |  |

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

- 2008-08-07 [Mr. South San Francisco, Joe Fernekes, dies - San Mateo Daily Journal](https://news.google.com/rss/articles/CBMizAFBVV95cUxONjdoSGVXeS1xNnE5UE44Q2xlb2VWenN6MjFVYjZmaW5vYjFCRHZXaWZ2S0NXMUF4SlNoUmE2RDRpNFhMS2RZZlo5OEUwQndYS2dsVWpGdG4wVXFtNHZXQWdodU9VbEFCNUo0Z0RRMklPOFhSYTdhSjJMdWtHRjRkNjA3dWpmWmtKcGxabzdYMGdaVjVVZ2lkeENHeUFTUEZtT082THFZbEZSdmFvaUNTUDNhRW9Sd05CWF9qWkdjamhvS3lTd3RXM05maVA?oc=5) · San Mateo Daily Journal
- 2021-10-14 [Verna Teglia Obituary (2006) - San Francisco, CA - San Francisco Chronicle - legacy.com](https://news.google.com/rss/articles/CBMiigFBVV95cUxQRmgtelhDeFpUNndWdExLZVJrYnpfV25YRFJoSTJ2YTByNktIZlRUa3NVbVBhWUxHQUlheUFWVTJPbEp5azZYTUs5WUtXeUJ3d3lRekJXN3Rkb2VPamtKZi0tY1FOTUJwQXRYYUY4bVNfMGMyNTV5X3FPQWp1SkZLVDByUTVNQkh2SHc?oc=5) · legacy.com

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=68025 (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/57.json (key "68025", 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=68025
- 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