# CABRILLO
San Diego, CA · NCUA charter 68409 · asset band $500M-1B · latest filing 2026-03 · live
Share link (named URL with a preview card): https://getbookiq.com/cu/cabrillo-68409

Who the members are: state charter, organized 1955. 29,062 members of 250,000 potential (11.6% of the field); checking penetration 76% (share draft accounts per 100 members); loans per 100 members 58.

**Verdict on the desk:** this could be *ordinary*. 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 | $571.8M |
| Members | 29,062 (5.1% YoY) |
| Full-time staff | 80 |
| Net worth | $53.4M |
| Net worth ratio | 9.3% (p26 of band) |
| ROA (annualized) | 0.44% (p32 of band) |
| Total delinquency | 0.66% (p58 of band) |
| Net charge-offs (annualized) | 0.67% (p73 of band) |
| Loans / shares | 78% (p41 of band) |
| Cash / assets | 4.0% |
| Borrowings / assets | 0.00% |
| Net interest margin | 3.86% (p78 of band) |
| Operating expense / assets | 3.86% (p64 of band) |
| Vehicles % of loans | 22% (p31 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 12% |
| Third-party paper % of net worth | 26% (p28 of band) |
| Vehicle delinquency | 0.33% (p25 of band) |
| Vehicle NCO | 1.23% (p67 of band) |
| Repossessed % of vehicle book | 0.18% (p78 of band) |
| Real estate % of loans | 62% |
| Credit cards % of loans | 7% |
| Unsecured % of loans | 14% |
| Commercial % of net worth | 11% |
| Core shares % of member funds | 59% |
| Certificates % of member funds | 31% |
| Average share balance | $8,272 |
| Participations bought / yr | $0 |
| Participations sold / yr | $0 |
| Participations outstanding | $17.8M |
| Loans outstanding per 100 members | 58% |
| Loans granted per 100 members, annualized | 10% |
| Average loan balance | $23,881 |
| Loans granted, annualized | $162.7M |

## Participation posture (from the same filings)

Bought $0 and sold $0 in the latest annualized quarter; $17.8M outstanding purchased (33.4% of net worth), $0 sold and retained. Sold in 0 and bought in 3 of the last 8 quarters. Shares 12.6% year over year.

## Flags firing in the latest filing

- **delinquency rising** (`aq_dq_rising`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 0 |  |  |
| 2016-06 | 0 |  |  |
| 2016-09 | 0 |  |  |
| 2016-12 | 1 | net worth falling |  |
| 2017-03 | 2 | members leaving |  |
| 2017-06 | 3 | delinquency rising |  |
| 2017-09 | 1 |  | net worth falling, delinquency rising |
| 2017-12 | 0 |  | members leaving |
| 2018-03 | 1 | delinquency rising |  |
| 2018-06 | 0 |  | delinquency rising |
| 2018-09 | 2 | net worth falling, delinquency rising |  |
| 2018-12 | 1 |  | net worth falling |
| 2019-03 | 0 |  | delinquency rising |
| 2019-06 | 3 | thin capital, net worth falling, leaning on borrowings |  |
| 2019-09 | 1 |  | thin capital, net worth falling |
| 2019-12 | 1 |  |  |
| 2020-03 | 1 |  |  |
| 2020-06 | 2 | thin capital |  |
| 2020-09 | 5 | net worth falling, losing money, delinquency rising |  |
| 2020-12 | 5 | margin squeeze | delinquency rising |
| 2021-03 | 3 | loan book shrinking | leaning on borrowings, net worth falling, losing money |
| 2021-06 | 3 |  |  |
| 2021-09 | 2 | members leaving | margin squeeze, loan book shrinking |
| 2021-12 | 2 | delinquency rising | members leaving |
| 2022-03 | 2 |  |  |
| 2022-06 | 3 | assets shrinking |  |
| 2022-09 | 2 |  | assets shrinking |
| 2022-12 | 2 | assets shrinking | delinquency rising |
| 2023-03 | 1 |  | assets shrinking |
| 2023-06 | 2 | delinquency rising |  |
| 2023-09 | 2 | assets shrinking | thin capital |
| 2023-12 | 0 |  | delinquency rising, assets shrinking |
| 2024-03 | 2 | thin capital, losing money |  |
| 2024-06 | 0 |  | thin capital, losing money |
| 2024-09 | 0 |  |  |
| 2024-12 | 1 | delinquency rising |  |
| 2025-03 | 0 |  | delinquency rising |
| 2025-06 | 1 | net worth falling |  |
| 2025-09 | 2 | delinquency rising |  |
| 2025-12 | 2 |  |  |
| 2026-03 | 1 |  | net worth falling |

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

- 2025-12-18 [California - Newsweek Rankings](https://news.google.com/rss/articles/CBMikgFBVV95cUxOTGxlNEF4aW9OOVBlYVYxTjRYMDRvUHFnM3RSZjR0MWpGYi1MbXZHdU5RREhWalRxUENSYlZyQUQ0M1haYThOaWRZSHl5LWVselpYOUpBWmNnOHdaWWJxTXdiczhfc0hOcjFKZ1A1amtUT2k5UU0wRWd6Wk41aEJGOF9MOFBJZE5BeU51XzVyck1PUQ?oc=5) · Newsweek Rankings
- 2026-04-20 [Credit Unions and Fintechs Take the Stage at Eltropy EMERGE 2026 with Customer Story Sprints and Fintech Innovation Showcase - citybiz.co](https://news.google.com/rss/articles/CBMi9gFBVV95cUxNTGxzTHRkM1ZfOVJyWDgyY2xPSjFmdDdFY3JjNnB5VTNqV21VNEo3U0NfTHJkaTBzOFNZczFfQzNPTWlNOFcxeVc3LTZORDZvWUZJYUk1Y0wzVXFnUmo2MDl6cTBhQlBEY0pGclJxdmgwR2F5Rzk4RF95MnpzQTJ3RW9XcU5VUVlOcW5BVVZtUHNwMkFaTHRYX05iM0g2SjFzeUs5ak9iUlVhQUlzby02cjZiaDVoYUl0RnRVQnRQYkVzdE9SaVAxVlM4TFRXRWowb2F4WDMtcklBQ0lDalRHNlBOTTJZM3VoYkNnb2tuVnRMaTFVNmc?oc=5) · citybiz.co
- 2023-11-29 [San Diego area credit unions lean into 'good guy' image while charging millions in overdraft fees - KPBS](https://news.google.com/rss/articles/CBMirgFBVV95cUxORFd0cE9JUmtURkNueUlrNDU3eUFJT0lMbFh0ekxHcUUzVlhDOFFpd0VZbUhmWXZ6UHl2OWRjYzN6cTJ0QjN5SzBCUzVnelV2UTdBZDJlMVBaZVlhNndWOG9HT3NOVnRzQi02TVo2cG5BdUFwN3RGTGN4VUxvRUdGSklQR0otczBlOGp0amV3VmxnUlZNcy0zQTRmSjQwZXhUblVfTGVLRmtmQkl4X0E?oc=5) · KPBS
- 2022-07-09 [Cabrillo Credit Union Raises $44,000 for Rady Children’s Hospital - Times of San Diego](https://news.google.com/rss/articles/CBMisAFBVV95cUxORVl1cXV4eEd6NnBkdWJOX2tremFBZnB3SFpJc3hFbTU3Z3hBZXlwb2hhVG5GLWstbXhOOEhUZklwZlhoQzNCQjdJYlhjYUo4dHNxZFNucTUxUl9mMmMydnVsWTNFNnVnWVBHTGFSSUZqa2ZLRDZibHRLT25TQXZmdURVQlVjSW11aTJwekk5d2t6Y0NMaW9JQ2VpZGJSUlVVazh3V0xQNjV2SnB1SWFfXw?oc=5) · Times of San Diego
- 2020-08-26 [Cabrillo CU removes 'interim' tag from CEO McClure's title - American Banker](https://news.google.com/rss/articles/CBMitAFBVV95cUxNbkM0UjVRcjZCb3VxSHk5aEVRN1lDOU5NbVFBSkZ2eG4xVmNZZWliN1NFdUZYQk9PTkJqSkdzV2tnTDk2alNCWEluaC1RMmFzQUFNTVRrU0pPV0VsV2pIVVJwQklRd3g2Y2VMcWVMcl9ieTR4Nk9ZT2UxWXdpamlPWE9ZQjhBYzA4WHcyZ2w1SVloSDcwRWlRQVVNdEhXUGozZ2hKWVpjNmtUMEZ0amtRbnI1R0c?oc=5) · American Banker
- 2025-03-24 [Bay Federal Credit Union - lookout.co](https://news.google.com/rss/articles/CBMiakFVX3lxTFBRbUNhUWxadzJqb2g2Y3pDbUduZ21haUhHQWZmNmhVUTA5UTJUZ3pMR0taOWE1WXpGaDBweGFyVmJoRmpzYjdNdHVFOFF6RC16ZlUwMjBFM0JLV0s1RmI5bWRua3NDTXNRU1E?oc=5) · lookout.co
- 2022-02-02 [Man arrested in botched La Mesa Credit Union robbery - 10news.com](https://news.google.com/rss/articles/CBMirAFBVV95cUxNWjllXzhhNlBybTNWZmZheUNaU2pWQnhMdkF3enNwaXc4bzAwbGZWZEw4eE9uSWp2eHpGU0VZdm5VckpySjZIYXpvRlNwVV9VWUwtMktvd20wVWM1Q2V4VU1yeWxnRWFjRUhUV1Y2aTd3UGxPcE1KODQyc2prdzlBX29uelBUVlhLcnhsaExhajViVS1TNHRtWWd5OTVGQTZXaVRVRXVvbXBmOUtu?oc=5) · 10news.com
- 2025-03-26 [Corelation’s Keystone core system reaches 50 users - FinTech Futures](https://news.google.com/rss/articles/CBMijAFBVV95cUxNWVJXaFp6WnlxR0hxb3A2ZTd6b0M2a1c2TkRwZjdHOHVxQTdXNUlPdmgxR0Iyay1LQzRMbi15WUlHWWdFanJnZEozdUt1OURGb0JTY3l3M3h2YlpfWVFSNXU0TEUtY1lOTmd0dExJWktWTThoZU5XVWtjbFhHeDFrX3BPbXdDai1qVmdQMQ?oc=5) · FinTech Futures

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=68409 (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 "68409", 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=68409
- 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