# WESTSTAR
Las Vegas, NV · NCUA charter 68227 · asset band $200-500M · latest filing 2026-03 · live
Share link (named URL with a preview card): https://getbookiq.com/cu/weststar-68227

Who the members are: state charter, organized 1975, low-income designated. 19,256 members of 359,800 potential (5.3% of the field); checking penetration 84% (share draft accounts per 100 members); loans per 100 members 54.

**Verdict on the desk:** this could be *participation buyer*. 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 | $274.1M |
| Members | 19,256 (-3.2% YoY) |
| Full-time staff | 61 |
| Net worth | $29.4M |
| Net worth ratio | 10.7% (p42 of band) |
| ROA (annualized) | 0.43% (p31 of band) |
| Total delinquency | 0.49% (p41 of band) |
| Net charge-offs (annualized) | 0.59% (p70 of band) |
| Loans / shares | 65% (p30 of band) |
| Cash / assets | 9.4% |
| Borrowings / assets | 0.00% |
| Net interest margin | 3.58% (p52 of band) |
| Operating expense / assets | 4.11% (p68 of band) |
| Vehicles % of loans | 41% (p66 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 35% |
| Third-party paper % of net worth | 120% (p63 of band) |
| Vehicle delinquency | 0.43% (p38 of band) |
| Vehicle NCO | 1.01% (p69 of band) |
| Repossessed % of vehicle book | 0.11% (p73 of band) |
| Real estate % of loans | 51% |
| Credit cards % of loans | 3% |
| Unsecured % of loans | 7% |
| Commercial % of net worth | 0% |
| Core shares % of member funds | 59% |
| Certificates % of member funds | 20% |
| Average share balance | $6,014 |
| Participations bought / yr | $25.4M |
| Participations sold / yr | $0 |
| Participations outstanding | $25.5M |
| Loans outstanding per 100 members | 54% |
| Loans granted per 100 members, annualized | 14% |
| Average loan balance | $15,641 |
| Loans granted, annualized | $76.0M |

## Participation posture (from the same filings)

Bought $25.4M and sold $0 in the latest annualized quarter; $25.5M outstanding purchased (86.9% of net worth), $0 sold and retained. Sold in 0 and bought in 7 of the last 8 quarters. Shares 1.8% year over year.

## Flags firing in the latest filing

- **net worth falling** (`cap_falling`)
- **members leaving** (`shrink_members`)
- **3rd-party paper>100% NW** (`str_thirdparty`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 1 | expense trap |  |
| 2016-06 | 1 |  |  |
| 2016-09 | 1 |  |  |
| 2016-12 | 1 |  |  |
| 2017-03 | 2 | delinquency rising |  |
| 2017-06 | 2 | net worth falling | delinquency rising |
| 2017-09 | 1 |  | net worth falling |
| 2017-12 | 1 |  |  |
| 2018-03 | 0 |  | expense trap |
| 2018-06 | 1 | expense trap |  |
| 2018-09 | 1 |  |  |
| 2018-12 | 1 |  |  |
| 2019-03 | 0 |  | expense trap |
| 2019-06 | 1 | delinquency rising |  |
| 2019-09 | 2 | expense trap |  |
| 2019-12 | 1 |  | expense trap |
| 2020-03 | 2 | net worth falling, expense trap | delinquency rising |
| 2020-06 | 4 | losing money, margin squeeze |  |
| 2020-09 | 3 |  | expense trap |
| 2020-12 | 3 |  |  |
| 2021-03 | 3 | loan book shrinking | losing money |
| 2021-06 | 2 |  | net worth falling |
| 2021-09 | 1 |  | loan book shrinking |
| 2021-12 | 0 |  | margin squeeze |
| 2022-03 | 1 | delinquency rising |  |
| 2022-06 | 1 |  |  |
| 2022-09 | 1 |  |  |
| 2022-12 | 0 |  | delinquency rising |
| 2023-03 | 0 |  |  |
| 2023-06 | 1 | assets shrinking |  |
| 2023-09 | 1 |  |  |
| 2023-12 | 1 | members leaving | assets shrinking |
| 2024-03 | 4 | net worth falling, delinquency rising, charge-offs p90 |  |
| 2024-06 | 3 |  | net worth falling |
| 2024-09 | 2 |  | charge-offs p90 |
| 2024-12 | 2 |  |  |
| 2025-03 | 2 | net worth falling | delinquency rising |
| 2025-06 | 2 | repo signal | net worth falling |
| 2025-09 | 0 |  | members leaving, repo signal |
| 2025-12 | 1 | members leaving |  |
| 2026-03 | 3 | net worth falling, 3rd-party paper>100% NW |  |

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

- 2026-08-20 [WestStar Credit Union Selects BOND.AI to Enhance Member Engagement and Financial Experiences - Business Wire](https://news.google.com/rss/articles/CBMi4wFBVV95cUxNbnRtRi10dDRsM2hHQ2ozWFUySHRGS0szS3JnSjNSOEdtZHU4RlZpakF5cmdUYkdKM05KN0NPdldmNnc3OXZib2RmeC1Ib2g4TUdkOVd6R05QdHV0TW5LV0lWSW5oQVpUS0R6SFhVWjVLUExrTkZmMjdaVE0ySXh0SkxEUDdYS2V0VnFqaGllS0hOUmoyZnM5RndrYjc0NDItZWVVTTdJVGcxYURSaTJsd3RsNVVKNERaMXMzMFNCbXAyRm15S0xTY3JyS2NhZmhzMTRHdGFoUVpxS0NiYzNETHFYSQ?oc=5) · Business Wire
- 2022-11-15 [WestStar Credit Union in Las Vegas names new CEO - American Banker](https://news.google.com/rss/articles/CBMingFBVV95cUxNaXFRVGRpYkh2THlhbk5KY2NHU1dYUWdFcUE0NzBBRDZkTmdTTFM3LVRBT0o0VnFBeThXRHVMREsxcmVOLURnLW4zOWZYZmxfdzVFT24xTFpCaXBIcHlLLW8zdkpNeUxCYktQMTB6VkhHYzQyd2RtNUtrRmJlOUZWczRHUHh5UV9Qc0J6RHQyZGpLY24yQTdQTU5sNWtJQQ?oc=5) · American Banker
- 2022-11-16 [WestStar Names New President and CEO - cutoday.info](https://news.google.com/rss/articles/CBMifkFVX3lxTFBsZ0VRTm5aYXIzdGJoaWllTWY3aG9meEZmZ1p1NWNOOXVHZUtHbFc1UzE0SzRmZGp0UHQxZ1Vydy1KODZyRmIwWTZZcmlxazVVX0NmZVQ2Q3JzaDM0TkdxYXQ5Q29BS1lRUkptQ0dQT2VXdkRsUVQ1c2NKZHE5dw?oc=5) · cutoday.info
- 2020-05-16 [What Happens When a Lender’s Borrowers All Lose Their Jobs at Once? - WSJ](https://news.google.com/rss/articles/CBMiqgFBVV95cUxQSHdiNHlrX3pNUkFxY19SRlJmcHNweE9BZHBPb2FIaDloNnBjdkk0TUQtTVhtM2xuQ0pNY3hTVmtKaEtXYjZTeUdSMlRoRExyY2owR1N6LWc1cXNGS091R0NmUkQ3Wld6S20zM0FTd3VNQ2FCa2daTWVRcV9zOEx6QmNSdkFvdEsyQU1fMUNGamZtV1dYSEQ0dngtUEdIZS0tLVBuckJBM3cwUQ?oc=5) · WSJ
- 2021-11-22 [Jennifer Oliver named President/CEO of SCE Federal Credit Union - CUInsight](https://news.google.com/rss/articles/CBMipwFBVV95cUxPSGpNZ09LeTREM0YyVGJyUnVXYmhodHJ0QnZFLXh6UnIxRzZncDFrR3VBSzRmelIwUHpDTEdING1OakhhWkFEaVkwNnpuNVJXeTZZWXZiLS11VnlqM0dpa0d5d1Bpd0stVE83NzFiblFCYS1IVm9Fb19oLUtLcHlHRjc5NWViODZNMjFIYmZtajFvcF8tbE9BVHlVS3B3UkFuVUtrbGJxaw?oc=5) · CUInsight
- 2025-05-08 [Boarded-up building near Las Vegas Strip finds new life - Las Vegas Review-Journal](https://news.google.com/rss/articles/CBMi0gFBVV95cUxPZ0JoektoNGE0Z0RWbkI5aVNPdUM1MWlxSjFkRWJFb19hVGZGRU80OTlUdHpyNXItcC1fM0dLdDZCNVFxWUVoQ0NLLURoOGdSN25vNVhnNE5Bb3plaXNCVXc3QVE0TWFKM19SbDEtaW9ERDh5Q3lwNmQyVVotR29kc1l3ZkJmY0lLQ1lxck5BNUQwMVUzME4wc0UzcWtjZDZKTUYySGU2cU1OVjN1U0U0X21maVA0WEZPNTFrOGdGaFFteVIzOTB5U1d5cHYtZHI1TFE?oc=5) · Las Vegas Review-Journal
- 2006-12-18 [District of Nevada - Department of Justice (.gov)](https://news.google.com/rss/articles/CBMicEFVX3lxTFBTR3RsWld2M1lET2g1YTRLNXl5ZjdUbjRJOXMzT2hIbnRpTll5dThSRVowSmxsektTOS1kOUQ2MVlZcFJPU2RRSE1UMTJ5RERZc0xwakdXclZIckN2c1c5am04Vm5hNmNfcVk2aWNJXzk?oc=5) · Department of Justice (.gov)
- 2009-06-11 [Elizabeth Stilley - Las Vegas Sun](https://news.google.com/rss/articles/CBMia0FVX3lxTE1Pc09vVk0wODdILXhod09Xd3ZtSUF1QU5Cd0c5SUdCQVRoYjlIUE41RWR5NmM0c3BSLTYyaXptSWppdlRUSHZwU01JTHZCRzhyWHZoYUc0LWlIa3ZyelM5bzYzQ01qTmkzNnJR?oc=5) · Las Vegas Sun

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=68227 (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/3.json (key "68227", 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=68227
- 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