# CORAZO
El Centro, CA · NCUA charter 68356 · asset band $200-500M · latest filing 2026-03 · live
Share link (named URL with a preview card): https://getbookiq.com/cu/corazo-68356

Who the members are: state charter, organized 1942, low-income designated, minority depository institution. 23,794 members of 667,150 potential (3.6% of the field); checking penetration 62% (share draft accounts per 100 members); loans per 100 members 47.

**Verdict on the desk:** this could be *auto monoline*. Composite score 4 of 18 (one point per flag across 17 flags, capital below 7% counted twice).

## What the filing shows

| Measure | Value |
|---|---|
| Total assets | $241.8M |
| Members | 23,794 (4.0% YoY) |
| Full-time staff | 65 |
| Net worth | $33.3M |
| Net worth ratio | 13.8% (p80 of band) |
| ROA (annualized) | -0.01% (p6 of band) |
| Total delinquency | 1.89% (p96 of band) |
| Net charge-offs (annualized) | 1.04% (p89 of band) |
| Loans / shares | 85% (p77 of band) |
| Cash / assets | 15.8% |
| Borrowings / assets | 0.00% |
| Net interest margin | 4.13% (p84 of band) |
| Operating expense / assets | 4.52% (p83 of band) |
| Vehicles % of loans | 80% (p99 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 15% |
| Third-party paper % of net worth | 61% (p44 of band) |
| Vehicle delinquency | 1.77% (p91 of band) |
| Vehicle NCO | 1.08% (p72 of band) |
| Repossessed % of vehicle book | 0.10% (p72 of band) |
| Real estate % of loans | 7% |
| Credit cards % of loans | 3% |
| Unsecured % of loans | 11% |
| Commercial % of net worth | 8% |
| Core shares % of member funds | 57% |
| Certificates % of member funds | 34% |
| Average share balance | $4,892 |
| Participations bought / yr | $0 |
| Participations sold / yr | $0 |
| Participations outstanding | $3.5M |
| Loans outstanding per 100 members | 47% |
| Loans granted per 100 members, annualized | 28% |
| Average loan balance | $15,538 |
| Loans granted, annualized | $59.7M |

## Participation posture (from the same filings)

Bought $0 and sold $0 in the latest annualized quarter; $3.5M outstanding purchased (10.6% of net worth), $0 sold and retained. Sold in 0 and bought in 0 of the last 8 quarters. Shares 4.4% year over year.

## Flags firing in the latest filing

- **net worth falling** (`cap_falling`)
- **losing money** (`earn_negative`)
- **delinquency 2x band** (`aq_dq_high`)
- **auto monoline** (`str_vehicle`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 2 | expense trap, auto monoline |  |
| 2016-06 | 2 |  |  |
| 2016-09 | 2 |  |  |
| 2016-12 | 3 | delinquency 2x band |  |
| 2017-03 | 5 | net worth falling, members leaving |  |
| 2017-06 | 5 | charge-offs p90 | delinquency 2x band |
| 2017-09 | 2 |  | expense trap, net worth falling, members leaving |
| 2017-12 | 2 |  |  |
| 2018-03 | 2 | expense trap | charge-offs p90 |
| 2018-06 | 4 | delinquency 2x band, charge-offs p90, repo signal | expense trap |
| 2018-09 | 4 | net worth falling | repo signal |
| 2018-12 | 5 | delinquency rising |  |
| 2019-03 | 5 | repo signal | charge-offs p90 |
| 2019-06 | 4 | charge-offs p90 | net worth falling, delinquency rising |
| 2019-09 | 3 |  | repo signal |
| 2019-12 | 3 |  |  |
| 2020-03 | 4 | repo signal |  |
| 2020-06 | 4 | margin squeeze | repo signal |
| 2020-09 | 4 | net worth falling | delinquency 2x band |
| 2020-12 | 4 | delinquency 2x band | net worth falling |
| 2021-03 | 3 |  | charge-offs p90 |
| 2021-06 | 2 |  | delinquency 2x band |
| 2021-09 | 2 |  |  |
| 2021-12 | 2 | charge-offs p90 | margin squeeze |
| 2022-03 | 2 | delinquency 2x band | charge-offs p90 |
| 2022-06 | 2 | delinquency rising | delinquency 2x band |
| 2022-09 | 1 |  | delinquency rising |
| 2022-12 | 2 | delinquency 2x band |  |
| 2023-03 | 1 |  | delinquency 2x band |
| 2023-06 | 2 | delinquency 2x band |  |
| 2023-09 | 1 |  | delinquency 2x band |
| 2023-12 | 2 | delinquency 2x band |  |
| 2024-03 | 3 | delinquency rising |  |
| 2024-06 | 3 | charge-offs p90 | delinquency rising |
| 2024-09 | 2 | loans>95% of shares | delinquency 2x band, charge-offs p90 |
| 2024-12 | 2 | charge-offs p90 | loans>95% of shares |
| 2025-03 | 3 | net worth falling, delinquency 2x band | charge-offs p90 |
| 2025-06 | 4 | expense trap, charge-offs p90 | net worth falling |
| 2025-09 | 4 | delinquency rising, loans>95% of shares | expense trap, charge-offs p90 |
| 2025-12 | 2 |  | delinquency rising, loans>95% of shares |
| 2026-03 | 4 | net worth falling, losing money |  |

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

- 2025-08-04 [First Imperial Credit Union Rebrands as Corazo Credit Union - Calexico Chronicle](https://news.google.com/rss/articles/CBMiowFBVV95cUxPSmpzWGlaeGVtcEhCRnhoQWFvdGpWXzJKNTZRWXBPVXVMUWQ3Q1FMQ3ZnSngwRFhEbVlISzdCUnNzZDlPXzQ3MU9wU29GS0FYT1YtZ1NDMi10YWVfWHJDUkdnNHZfNjVYSVpyN1l3QnFRdm85Nm55eFlEelBBZDdNcWhadkJJaE9ScUsxcDAyR1RUVUcxZzFpaTBmS05QSTNSRUVj?oc=5) · Calexico Chronicle
- 2025-08-02 [FICU rebrands as Corazo Credit Union, reflecting its vision for the future - Imperial Valley Press Online](https://news.google.com/rss/articles/CBMi9AFBVV95cUxOTERSMGJCaFFZRnFGaDdqLWV5NzA5QUw2d0QwUVRuRGxWcXlHV1hycXdVMVJrb3k0YU5QcFBZbV92dFpHdG9YeUxUU09oeGZzc2NuSXcwUGJQSWtPS2ljUGdpMDQ1bXdaLXlWbnVmV25jZUNaQXEtZkh5M3d4ZUdpQ0VKUEhod25HdHRDV0Zzc1ZlLXlGRW5vSW1DSHo0OHliVHhTT1FZYmNZTG93cVdOcURXV1lVcmxDNVJGN2ZfSjIya3BfYXlMRkxwRERmX2FIQUhpT1p3enQtUlh4QzdESjVJU1FvVlU5OFVKT0k5NTd3OEJ1?oc=5) · Imperial Valley Press Online
- 2024-11-01 [Monthly Bulletin – November 2024 - The Department of Financial Protection and Innovation (.gov)](https://news.google.com/rss/articles/CBMif0FVX3lxTE9hd3ljSjNJc0lUQVY1WlBXYUFfanRnZ0pSRTBvWlM3VDJTbFVOZWpYbDZfX3pPMjhuOXFrQ1pHU0RYUUpDSFhpdGkzeWh4Q0R5dmVuVU94a3JNcVVHenE3bmRGXzZ4dWlrb25SQmloRERGZnNIZExpOTFDa2tlZEk?oc=5) · The Department of Financial Protection and Innovation (.gov)
- 2026-04-30 [This CD is still offering 6% — and 9 more of the highest-APY CDs this month - MarketWatch](https://news.google.com/rss/articles/CBMitgFBVV95cUxPczNOc05nZ3JSbFBBaUtjMXpCel9XNWNBamNYaWxKenlJMERJN1NobG9VWGxjVFBoakZBU05EVGdycDdTMmY3OGprbHU0VnRKU2tGQ2FfeU5adlF2SkJLazhGS1diMk1adE5Dc2M1Z0ktc3JJdm53RUlvNXFGT3lrWGR4N2NXMEpYN01VdWdCaFNUYld5UnhpR2JJS2Rjc2xha2tvYzR3R3lJNklnd1liVnpvMWVkZw?oc=5) · MarketWatch
- 2026-03-29 [This CD is still offering 6% — and 8 more of the highest-APY CDs this month - MarketWatch](https://news.google.com/rss/articles/CBMitgFBVV95cUxPWmpQa1gzd1VkdVpocVh0QktxSTcySFFmRk5qUmlINTYwVTQzRXpOUjN2bDNieENFbVRyNW14WG1feldwRnBVN3Y3amlyWkN5ZklwNE43OUE1aU1qbjNwakNDdWJBZ3JKZUpLeXBzcEp5bEU0cktJZmoxZFVLQTlJckt0QVhyY1pRSU1SNjRnQzQ4d0syV0taanB2ZVB1V2gxcnBPTjdtb1FRYXVqaUZla1FwOFdqQQ?oc=5) · MarketWatch
- 2025-12-08 [Generations gather for festive morning at El Centro parade - The Desert Review](https://news.google.com/rss/articles/CBMi3gFBVV95cUxNMWJ6WVNfWXdQdWlCU2FObVAxQ05UYnB4MWNXWHVBT3c5ZXA1dUVBaUtMZVMxTlJLLUl5SXdfck5LZ3kyTmtrR19lRXMtUkdfNUpzVDlySEh3cjdNTVBGUEh0Yk5MakJ4dkVrZ19IdGRMVEJUZTFTZnVqUlVjaE9PaTZEVEJ0OURLYkRZQlJqbTFBTkc2WmZNcHdwempoQXR2dmx4OHVTQi1LVlhTb0JTa0xjWkQ4eTBKUHk5YmhjWTBsQUEtdENDS2JrR0FiTGxZMmRsM2VZc3hvY0tmdnc?oc=5) · The Desert Review
- 2026-09-08 [VALLEY BRIEFS: Calexico partnering with Republic Services for free annual fall clean-up event - Imperial Valley Press Online](https://news.google.com/rss/articles/CBMiiAJBVV95cUxOWjRXSHRHbC1YcGRpNzl3ZE9UMjJxMlFBMXBoQ19fY2d6bEgzV0JyQ2VieHkxNjNQX2JYZ3lmRDlOelFvdVhvVHNEamVqODhoNGNWdmc2SWQtV3J2YkNBTHRIbUJRbTZnanVSUUVfNS1xQVZTUmxvWU1VZEZlR1h2dlhyRVhFYi1weU84LTMzV3djWVRjVmlNdEZaSC0zTHQycTkzN1ZsNkhjd2QzZ3E2R2N2T1BhSzZ1bUtnZUp3bFpENUtuYXAwSlNHWFlWWHFqVVlXcVhnc0FoVDk5czR3X0oxQU1BY3pFZFJIT3czZVZuVEtLaHM4ZUNZbi03cDNZSldkdi04bVQ?oc=5) · Imperial Valley Press Online
- 2026-02-26 [This CD is still offering 6% — and four more with 5%-and-higher APYs - MarketWatch](https://news.google.com/rss/articles/CBMiqwFBVV95cUxNX0ZEREp3WmNheVltLV9CVEZ1U0lnWEY3d1FUQVZxbUphWm41b0N0clJ1MG9CeTd5YktxUE1YMXFGU3BSRUhRbllXUUtjc2RIQ2ROa2hoTXVuSW9BX2MyWUE0d01kUGluMVUxTTJFVEdkaTNpMEdKYjN2Y3U0MFo5OHJIN2tfakVHZlRFUVZ0SEFaVXZsNWRUVTFlallkLTNNN29oTklrYms1d0U?oc=5) · MarketWatch

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=68356 (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/4.json (key "68356", 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=68356
- 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