# SEQUOIA
REDWOOD CITY, CA · NCUA charter 7617 · asset band <$50M · latest filing 2023-03 · stopped filing after 2023-03 (departed; for a credit union that is almost always a merger)
Share link (named URL with a preview card): https://getbookiq.com/cu/sequoia-7617

Who the members are: federal charter, multiple common bond, organized 1952. 1,632 members of 10,000 potential (16.3% of the field); checking penetration 46% (share draft accounts per 100 members); loans per 100 members 54.

**Verdict on the desk:** this could be *too clean*. 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 | $42.9M |
| Members | 1,632 (-3.3% YoY) |
| Full-time staff | 4 |
| Net worth | $4.3M |
| Net worth ratio | 10.0% (p29 of band) |
| ROA (annualized) | -0.58% (p13 of band) |
| Total delinquency | 0.05% (p24 of band) |
| Net charge-offs (annualized) | 0.19% (p69 of band) |
| Loans / shares | 61% (p59 of band) |
| Cash / assets | 18.2% |
| Borrowings / assets | 0.00% |
| Net interest margin | 3.14% (p50 of band) |
| Operating expense / assets | 2.94% (p44 of band) |
| Vehicles % of loans | 17% (p9 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 0% |
| Third-party paper % of net worth | 0% (p43 of band) |
| Vehicle delinquency | 0.11% (p42 of band) |
| Vehicle NCO | 0.00% (p37 of band) |
| Repossessed % of vehicle book | 0.00% (p47 of band) |
| Real estate % of loans | 75% |
| Credit cards % of loans | 4% |
| Unsecured % of loans | 7% |
| Commercial % of net worth | 0% |
| Core shares % of member funds | 77% |
| Certificates % of member funds | 5% |
| Average share balance | $13,951 |
| Participations bought / yr | $0 |
| Participations sold / yr | $0 |
| Participations outstanding | – |
| Loans outstanding per 100 members | 54% |
| Loans granted per 100 members, annualized | 11% |
| Average loan balance | $26,810 |
| Loans granted, annualized | $7.1M |

## Flags firing in the latest filing

- **losing money** (`earn_negative`)
- **members leaving** (`shrink_members`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 1 | losing money |  |
| 2016-06 | 1 |  |  |
| 2016-09 | 2 | net worth falling |  |
| 2016-12 | 2 |  |  |
| 2017-03 | 2 |  |  |
| 2017-06 | 1 |  | net worth falling |
| 2017-09 | 0 |  | losing money |
| 2017-12 | 1 | members leaving |  |
| 2018-03 | 1 |  |  |
| 2018-06 | 1 |  |  |
| 2018-09 | 1 |  |  |
| 2018-12 | 2 | repo signal |  |
| 2019-03 | 1 |  | repo signal |
| 2019-06 | 2 | net worth falling |  |
| 2019-09 | 0 |  | members leaving, net worth falling |
| 2019-12 | 0 |  |  |
| 2020-03 | 0 |  |  |
| 2020-06 | 0 |  |  |
| 2020-09 | 1 | net worth falling |  |
| 2020-12 | 1 |  |  |
| 2021-03 | 2 | margin squeeze |  |
| 2021-06 | 1 |  | margin squeeze |
| 2021-09 | 1 |  |  |
| 2021-12 | 0 |  | net worth falling |
| 2022-03 | 2 | losing money, delinquency rising |  |
| 2022-06 | 1 |  | delinquency rising |
| 2022-09 | 2 | net worth falling, delinquency rising | losing money |
| 2022-12 | 0 |  | net worth falling, delinquency rising |
| 2023-03 | 2 | losing money, members leaving |  |

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

- 2026-08-24 [Kristie Richard Elzinga - The Santa Barbara Independent](https://news.google.com/rss/articles/CBMieEFVX3lxTE9OVmNuQ2NpcU44d0V1MXVQQ0JfcE9uNVRodTZWQ0dMZ2ZoSjNDUUxZRHcyenNfWk1ZMGRHY1kza0lPZW1wMUJTc3BLOHRiTjBmSm1DMk1JSGpWRFBYVG1laEt2Vm4zOWtCWVh2b25nT2tLRTdwUXVCOA?oc=5) · The Santa Barbara Independent
- 2026-06-18 [64th Annual Bigfoot Daze: The LoCO Lowdown - Lost Coast Outpost](https://news.google.com/rss/articles/CBMieEFVX3lxTE03RTNnWmVTc1U3Z1pVc185TldzdE90MXFrSzJ1aC05U3dyNTdoaEJKUXVFSzRjLUNEWlZWZExQS0dXM1c2UUhZRzVhOFZNbVprT1pjU1VncmpHZXZiazB6VkloejQ1ZVd3QkNqOVFwTTVhTlhLRlp3dQ?oc=5) · Lost Coast Outpost
- 2026-01-13 [$8.7M Sequoia Benefits and Insurance data breach class action settlement - Top Class Actions](https://news.google.com/rss/articles/CBMi3gFBVV95cUxOMmVRTWVNWUQyLU9mQUdZRVZFUWhqNkI0NHM3TFdLWG5xcXlMYWxUb3hoYnFOVk1ZN2x5am5kU2R1UElqd2tFTklVSXB2LUF2WUNNNmVmNGVUd240ZUxwRnlJVTQycklMWFpQVHhzM3c3TnF2aXRBdTdiLXlYU2FkM2J2b05OdXYzbTlzdlEzOE1PVlJsd0M1VDFXVzljX0JXZ0s2em9GWTRIel8yclFKS1ljMEdTeEFDUG1DV3c4d0kxM0pWZFpGc1JORGxfaGI4bFkyQWEtY0l1RXQzSWc?oc=5) · Top Class Actions
- 2019-11-28 [EECU is proud to bring you the Pledge of Allegiance in Mrs. Horton’s class at Sequoia Middle School - YourCentralValley.com](https://news.google.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?oc=5) · YourCentralValley.com
- 2017-03-23 [In the Land of Giants (Published 2017) - The New York Times](https://news.google.com/rss/articles/CBMihgFBVV95cUxQVXM2aFNnTm50eFZsS2l0VHRpdUk3YTJWaFNIRXBkeDFsc0lkaGE2M2ZnWDZhYUtDNzdYQ2tKeDFaZGhfRHNXOTlUN2F2bXh2cGFicUtEWWxKSVBSa2I3NXhjdGxRWVA4ZC04TXNxaHAyemFZNzMzRTl3M2MyeGZTbF85YWUxdw?oc=5) · The New York Times
- 2025-05-08 [Reno High's MacKenzie Sellers springs to top of the nation among prep pole vaulters - Nevada Sports Net](https://news.google.com/rss/articles/CBMiyAFBVV95cUxQc2c3Z05BejRrcmFLVDFsNkdHalpqOTI2ck9wQWxSeUo0bUpHazk1dUJIVGtSLWtwUHlBZDRBb3pvb3NuLWRnOHFXU3BONXdVMnY3blBrOWk3c1FweW5JQ3JQVXpTQ2pUNVlJNTBBS3Z6ZjIzR1ZCR1B0Mi1PclRySkQxdUJraXd5dVVjQ2JoSjkyMEU5ZkFCeTBqOTRyN2FwTnZaOXdVaV9fLWJFdWxsaWhMWjFvS0ZoZkpiRUl3aXZVU3JzQ2I3SA?oc=5) · Nevada Sports Net
- 2024-05-11 [Jewel King Obituary - Santa Cruz, CA (1934-2017) - Santa Cruz Sentinel](https://news.google.com/rss/articles/CBMibkFVX3lxTE5qSXFxN3A3bFdOcmtsODFOZlZSZXpmOGZISVQzTHhrbGl3OWZ2QldiUE5Ec1ptZE43TVhiN1piamNLMWItTlN6Q3RsRm9UZDJMcGw1Y3NER3pTOTRDSTByZ3I3cnp4Z0RPeXlKVW9n?oc=5) · Santa Cruz Sentinel
- 2021-06-21 [Geraldine Kirchgatter Obituary (1919 - 2018) - Redwood City, CA - San Francisco Chronicle - legacy.com](https://news.google.com/rss/articles/CBMilAFBVV95cUxOMG12Zjl2V1NsVVI1dVZuTk5xejUtemRPUUZqSkpXWW1fd1hJeFNmeVJDbUpiVTN6aFg5UUh6RDRDNTlQVXJMbmZieGxBSFI5blFoQWhNSUI1dW1UNXFjeWRpcmM0QTJqSjl0ZU1RYWdlMjlqUmZuTVNPRC1nNExUTmdCS0otWTZOZHdqcEZ0ajNxLW5l?oc=5) · legacy.com

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=7617 (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/1.json (key "7617", 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=7617
- 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