# PREMIER ONE
San Jose, CA · NCUA charter 68540 · asset band $500M-1B · latest filing 2026-03 · live
Share link (named URL with a preview card): https://getbookiq.com/cu/premier-one-68540

Who the members are: state charter, organized 1968. 27,435 members of 6,771,283 potential (0.4% of the field); checking penetration 69% (share draft accounts per 100 members); loans per 100 members 63.

**Verdict on the desk:** this could be *indirect 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 | $656.4M |
| Members | 27,435 (-20.6% YoY) |
| Full-time staff | 88 |
| Net worth | $63.4M |
| Net worth ratio | 9.7% (p36 of band) |
| ROA (annualized) | 0.34% (p24 of band) |
| Total delinquency | 0.23% (p14 of band) |
| Net charge-offs (annualized) | 0.59% (p66 of band) |
| Loans / shares | 85% (p62 of band) |
| Cash / assets | 12.3% |
| Borrowings / assets | 5.33% |
| Net interest margin | 3.31% (p39 of band) |
| Operating expense / assets | 2.98% (p20 of band) |
| Vehicles % of loans | 20% (p26 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 57% |
| Third-party paper % of net worth | 106% (p52 of band) |
| Vehicle delinquency | 0.37% (p30 of band) |
| Vehicle NCO | 1.85% (p80 of band) |
| Repossessed % of vehicle book | 0.04% (p48 of band) |
| Real estate % of loans | 69% |
| Credit cards % of loans | 4% |
| Unsecured % of loans | 8% |
| Commercial % of net worth | 0% |
| Core shares % of member funds | 56% |
| Certificates % of member funds | 20% |
| Average share balance | $9,939 |
| Participations bought / yr | $0 |
| Participations sold / yr | $0 |
| Participations outstanding | $14.0M |
| Loans outstanding per 100 members | 63% |
| Loans granted per 100 members, annualized | 13% |
| Average loan balance | $27,620 |
| Loans granted, annualized | $149.3M |

## Participation posture (from the same filings)

Bought $0 and sold $0 in the latest annualized quarter; $14.0M outstanding purchased (22.1% of net worth), $0 sold and retained. Sold in 0 and bought in 2 of the last 8 quarters. Shares 4.1% year over year.

## Flags firing in the latest filing

- **members leaving** (`shrink_members`)
- **leaning on borrowings** (`str_borrowings`)
- **3rd-party paper>100% NW** (`str_thirdparty`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 0 |  |  |
| 2016-06 | 0 |  |  |
| 2016-09 | 0 |  |  |
| 2016-12 | 0 |  |  |
| 2017-03 | 2 | thin capital, members leaving |  |
| 2017-06 | 1 |  | thin capital |
| 2017-09 | 1 |  |  |
| 2017-12 | 2 | delinquency rising |  |
| 2018-03 | 1 |  | delinquency rising |
| 2018-06 | 1 |  |  |
| 2018-09 | 1 | delinquency rising | members leaving |
| 2018-12 | 0 |  | delinquency rising |
| 2019-03 | 2 | delinquency rising, members leaving |  |
| 2019-06 | 1 |  | members leaving |
| 2019-09 | 0 |  | delinquency rising |
| 2019-12 | 1 | net worth falling |  |
| 2020-03 | 1 |  |  |
| 2020-06 | 2 | margin squeeze |  |
| 2020-09 | 2 |  |  |
| 2020-12 | 3 | thin capital |  |
| 2021-03 | 3 |  |  |
| 2021-06 | 1 |  | net worth falling, margin squeeze |
| 2021-09 | 1 |  |  |
| 2021-12 | 2 | net worth falling |  |
| 2022-03 | 4 | losing money, delinquency rising |  |
| 2022-06 | 3 |  | net worth falling |
| 2022-09 | 2 |  | losing money |
| 2022-12 | 1 |  | delinquency rising |
| 2023-03 | 1 |  |  |
| 2023-06 | 2 | delinquency rising |  |
| 2023-09 | 1 |  | delinquency rising |
| 2023-12 | 3 | delinquency rising, leaning on borrowings |  |
| 2024-03 | 5 | net worth falling, losing money |  |
| 2024-06 | 2 |  | delinquency rising, net worth falling, losing money |
| 2024-09 | 2 | delinquency rising | thin capital |
| 2024-12 | 1 |  | delinquency rising |
| 2025-03 | 1 |  |  |
| 2025-06 | 1 |  |  |
| 2025-09 | 2 | 3rd-party paper>100% NW |  |
| 2025-12 | 3 | members leaving |  |
| 2026-03 | 3 |  |  |

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

- 2024-05-23 [Marcia Lillis Obituary May 23, 2024 - Cassaday Turkle Christian Funeral & Cremation Service](https://news.google.com/rss/articles/CBMicEFVX3lxTE9Dc3REaTBnSHg4cV9NMFN2djVtcHV5TGN3amNxWDZYMUVKNEgxU3ZvRGV2MzdFbkNId1MtOHRqbEFiSlE0cHBMQW9hcjFSU21PWlpIcEEtV2Y5bjU3a0NIVzFFSlU2RGg2OXZnTENINEo?oc=5) · Cassaday Turkle Christian Funeral & Cremation Service
- 2017-01-02 [Feds charge East Palo Alto woman suspected in nine Bay Area bank robberies - eastbaytimes.com](https://news.google.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?oc=5) · eastbaytimes.com
- 2024-05-19 [Darryl Weeden Obituary - Santa Cruz, CA (1964-2014) - Santa Cruz Sentinel](https://news.google.com/rss/articles/CBMickFVX3lxTE8tTWhvZnR0LWI2LW9IQXZQOXI0MkRULTNZVWRfRWN5ODFOUDR3WkY5YVRLN2w1eS1lNmJ2WkVoSU05VHZBT1V6b0N0cTJGMFNubHh2UVl0Zk9DU0h1NEZINFR0VjByc19YU05hRUZsLUxoUQ?oc=5) · Santa Cruz Sentinel
- 2024-05-17 [Richard Busse Obituary - Los Gatos, CA (1940-2016) - The Mercury News](https://news.google.com/rss/articles/CBMiakFVX3lxTE1kc2Fqem5JZ1R4WXVSSjhrd3p6dE10Rkk3b284RXh3S294QVpFSDZIRGdkZEJZNE4wSW1TcWozaGRHTlFXbzBjYk4xTkZtYVlmV3JqOUw1ZEtOZ0pqZy02SHQ0Vno2ejljTmc?oc=5) · The Mercury News
- 2016-08-09 [Suspected Napa Bank Robber Arrested, Identified Through Fingerprint Left On Pamphlet: Police - Patch](https://news.google.com/rss/articles/CBMisAFBVV95cUxQTV9DdEVGU01RaG1Fc0FLQlVQdUg3ZjhnMVJobGJvU3kwaDkyb3lrcEJzcmxxcWxzNXQwcWhmMEtVa002YUJnZzg3T0p4OW5adjZUYjhOckZaS1ZMbExsY1l3ZTh2c0owQzBORnNzV2NRMDRFRmQyMTNUSHROMWlfb1owb1lzeDZnb3hRZUdndjdlQlJsZC04c3pMZ1Z2c1ZmN0pwSW1INXlvdTkwa2FTdQ?oc=5) · Patch

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=68540 (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/60.json (key "68540", 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=68540
- 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