# USC
Los Angeles, CA · NCUA charter 68459 · asset band $500M-1B · latest filing 2026-03 · live
Share link (named URL with a preview card): https://getbookiq.com/cu/usc-68459

Who the members are: state charter, organized 1973, low-income designated, minority depository institution. 74,649 members of 13,304,137 potential (0.6% of the field); checking penetration 69% (share draft accounts per 100 members); loans per 100 members 34.

**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 | $719.2M |
| Members | 74,649 (-9.6% YoY) |
| Full-time staff | 96 |
| Net worth | $74.5M |
| Net worth ratio | 10.4% (p49 of band) |
| ROA (annualized) | 0.55% (p44 of band) |
| Total delinquency | 0.70% (p62 of band) |
| Net charge-offs (annualized) | 0.57% (p65 of band) |
| Loans / shares | 89% (p76 of band) |
| Cash / assets | 5.8% |
| Borrowings / assets | 4.03% |
| Net interest margin | 3.69% (p70 of band) |
| Operating expense / assets | 3.41% (p41 of band) |
| Vehicles % of loans | 25% (p40 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 32% |
| Third-party paper % of net worth | 117% (p55 of band) |
| Vehicle delinquency | 0.62% (p56 of band) |
| Vehicle NCO | 1.39% (p71 of band) |
| Repossessed % of vehicle book | 0.02% (p42 of band) |
| Real estate % of loans | 61% |
| Credit cards % of loans | 2% |
| Unsecured % of loans | 7% |
| Commercial % of net worth | 0% |
| Core shares % of member funds | 56% |
| Certificates % of member funds | 18% |
| Average share balance | $4,699 |
| Participations bought / yr | $0 |
| Participations sold / yr | $0 |
| Participations outstanding | $63.8M |
| Loans outstanding per 100 members | 34% |
| Loans granted per 100 members, annualized | 42% |
| Average loan balance | $21,957 |
| Loans granted, annualized | $233.7M |

## Participation posture (from the same filings)

Bought $0 and sold $0 in the latest annualized quarter; $63.8M outstanding purchased (85.7% of net worth), $194,234 sold and retained. Sold in 0 and bought in 6 of the last 8 quarters. Shares 1.3% year over year.

## Flags firing in the latest filing

- **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 | thin capital |  |
| 2016-06 | 1 |  |  |
| 2016-09 | 2 | net worth falling |  |
| 2016-12 | 1 |  | net worth falling |
| 2017-03 | 1 |  |  |
| 2017-06 | 1 |  |  |
| 2017-09 | 1 |  |  |
| 2017-12 | 2 | loans>95% of shares |  |
| 2018-03 | 2 |  |  |
| 2018-06 | 2 |  |  |
| 2018-09 | 2 |  |  |
| 2018-12 | 2 |  |  |
| 2019-03 | 1 |  | loans>95% of shares |
| 2019-06 | 1 |  |  |
| 2019-09 | 1 |  |  |
| 2019-12 | 2 | delinquency rising |  |
| 2020-03 | 3 | net worth falling |  |
| 2020-06 | 3 | margin squeeze | delinquency rising |
| 2020-09 | 2 |  | net worth falling |
| 2020-12 | 2 |  |  |
| 2021-03 | 3 | net worth falling |  |
| 2021-06 | 2 |  | margin squeeze |
| 2021-09 | 1 |  | net worth falling |
| 2021-12 | 1 |  |  |
| 2022-03 | 2 | 3rd-party paper>100% NW |  |
| 2022-06 | 3 | delinquency rising |  |
| 2022-09 | 3 |  |  |
| 2022-12 | 2 |  | thin capital |
| 2023-03 | 2 | leaning on borrowings | delinquency rising |
| 2023-06 | 2 |  |  |
| 2023-09 | 3 | assets shrinking |  |
| 2023-12 | 1 |  | 3rd-party paper>100% NW, assets shrinking |
| 2024-03 | 3 | assets shrinking, 3rd-party paper>100% NW |  |
| 2024-06 | 2 |  | assets shrinking |
| 2024-09 | 2 |  |  |
| 2024-12 | 2 | assets shrinking | leaning on borrowings |
| 2025-03 | 2 |  |  |
| 2025-06 | 5 | net worth falling, delinquency rising, members leaving |  |
| 2025-09 | 4 |  | delinquency rising |
| 2025-12 | 2 |  | assets shrinking, net worth falling |
| 2026-03 | 2 |  |  |

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

- 2026-09-04 [California, Nevada Credit Union Groups Name 2026 Award Winners - cutoday.info](https://news.google.com/rss/articles/CBMipgFBVV95cUxNVE5rOHZvOXpkQ1RQWmVnNVI4NkFWVGNSVHBZUXp4NkdDUlNNb094SjFSWDlLM0FnUERmQzFCeDhQX1dmbDF0MUlGNDZFVGFvTlMtLTJhaDUzbFBEczJCWlJUZzdJZHAzeXVrVnhKZFJGMUFKck5aRndWY1pXS0ljQWFGUmRqd1V2ckU1YmllemMzX2VKM3h6M1ZubHQyemZuZW55RWdB?oc=5) · cutoday.info
- 2026-09-02 [23 leaders & organizations honored for excellence, achievements, and contributions to the credit union movement - CUInsight](https://news.google.com/rss/articles/CBMi5AFBVV95cUxQdXBWajNJcUxUZnBOTldCZXZBbnhKU1NaTUdZYTdvd3FyMVAxMTh4YjNaazVsNkNOMVNnZGRlaVZVSm8zMk9FemU0S2hJS2hUeXF5Uk4wYlVPOERMR0ZCYXNyeldQU2tTN055Mmp3RUt4X0JCamNXOWI2b0Jfd2xsS3B0TzdLZm5nNTFEV0FJY2xUZXRRMkU5SzZGeWJBd1JiS0d4RXlFWnlyZ1Y5VnQ1U3o4Y2l6dkplcFl6ZXlZY1lBUmVrdXZDM0NJbVRWYzdJUGdBTm5pNnR4Q1NuZE9XZUFNQzM?oc=5) · CUInsight
- 2025-12-15 [LA County Awards $23.4 Million in LA Region Small Business & Worker Relief Fund s to Wildfire Impacted Communities - COUNTY OF LOS ANGELES (.gov)](https://news.google.com/rss/articles/CBMi2wFBVV95cUxPLTI3OHJEMDNQYjFqM1o0ZWZvWVpQNHEzb3FjWi1BMFFfWGQ3MDBBclpNVmhlSjlqUkpuamtBcTZNX0VOXzIwTktWdXZ3THNjWlRXVTlCWm5Nay03OGlCcnM0bUV2OHByYi1MdjBnUDlhQmRTNDZJMGV0TVlFS20xbWZyUDZSTC0wNzlRbWZFRTR0ekhrb1ZKNnRzZ1lqZFNRRng3amtkd3hRcElnaDF4ejdhZk01SkVBRHFpU2ZmZmhHd3lmTGgyMFFMN1ppMGlZbGNDa3VUN2ZCZkE?oc=5) · COUNTY OF LOS ANGELES (.gov)
- 2026-03-12 [USC Transfer Receiver Terrell Anderson Gets Candid About Lincoln Riley's Offense - Sports Illustrated](https://news.google.com/rss/articles/CBMivwFBVV95cUxNakV3NjRreDU5VE83ckdMY0szUHh0MTRKZ2V2SDl0U1JzMkcxakxtc3lfaGloNVBTZ2hJbWRmcy1ld3NsN21vbWVzSm5OaUhuUkVDMjZHbE1wTmc2cHp1QUFRbFNQeWhJeXhPNjdkbEg2enZtY3BnQm12U1FWdldFZHMzdzhySGNXa045c2U1ZENrTTBsY245N2U0ODdYRHdyY1J2TEZNbEMtaVFxeFBfeERvei1GV3FNQ3VxQjZZdw?oc=5) · Sports Illustrated
- 2014-11-03 [Smith and Johnson Named USC Credit Union Student-Athletes of the Week - USC Athletics](https://news.google.com/rss/articles/CBMiqwFBVV95cUxQdXo0Z0FleVNNSFRKNG9aa1VYckIyU2FZSGdxbWNYcVNpNTdzTFlnUXBLaEtaVnduWUYwdi13dlBaRU13ZjJPZjVvcWJyMzMtQ3I2MUJjamx2TjhIVXZvTlJkMk9VZGU5RzdiNGhxekpyQkp4cHFDQ1dDb3AtS0ZlZkVqR2pEOXUtRlgtU0h6ejdDRkJFQm1rZU5RdXpQTGF3SmRzOTZDeGYwazg?oc=5) · USC Athletics
- 2026-02-24 [NCUA extends 18% interest rate ceiling for most loans - consumerfinancemonitor.com](https://news.google.com/rss/articles/CBMipgFBVV95cUxNanlxNWcwUk8zYW16R1Y1bTZtV0NuZ253eG9FMVgxM205b2hwWC0yNzBRNzVMVGptdnZydWFPR3VuaURweWl6bDQtalJzZmM1SmFSOE4xRE5QTWV5NGtyejJRYkliRkFrNDRaN1lhWU5pbU5pYzB5YmZRVzdyZk00OHFWbzRWR3ZVeERrYjEzYkp3eXdnY0ZIWEJwbkZ3Wng0bTdhYm1B?oc=5) · consumerfinancemonitor.com
- 2026-02-04 [No. 16 CSUN Takes 4-Match Win Streak to Fourth-Ranked USC - CSUN Athletics](https://news.google.com/rss/articles/CBMirgFBVV95cUxQRVEwQ2tBSGYzaGhzMVlLTmtaa3l5QWJEZkhCVU5pWTRvSWtsUUFiWWhVTy1FLUQtdEFvQTVqVjNjQW9OUmpTazFPWHA5Y1hHYzhrRXI3bHFjRm1yZm1JOGNKVlJ1UVNKZm5oZGppdlRLRUlVVFFXeEtMUVllczVfMGlRTUVmNmZjUzZKLWJOYjFrWktJMHZTSDZxcS0tby1uOXl3UU11Qm5Id2h4SVE?oc=5) · CSUN Athletics
- 2023-09-26 [Demand for USC’s free mindfulness classes skyrockets during COVID-19 pandemic - USC Today](https://news.google.com/rss/articles/CBMioAFBVV95cUxNeG1McVNpOTRTdDNIek96QVhfU0w2R1lLTnAyRDJ5YWJKUV92S0pFYkpmWGxGUHBCLVBSZnA4UjRnYUd6Nk41c05VYURMWFpkSmUtLTY2MTBKMEIwNXRVN1hDaXVfbU9xdnJJQXdsLVdGY3ZlMkFpV0RJM2JYUlRCOXBhQ1Fkc0wtYkI1Vmh3LVNrU1B4LTNMaFRFWE9TRkx4?oc=5) · USC Today

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=68459 (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/43.json (key "68459", 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=68459
- 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