# WHITE SANDS
LAS CRUCES, NM · NCUA charter 7960 · asset band $200-500M · latest filing 2026-03 · live
Share link (named URL with a preview card): https://getbookiq.com/cu/white-sands-7960

Who the members are: federal charter, multiple common bond, organized 1952, low-income designated. 21,840 members of 54,000 potential (40.4% of the field); checking penetration 59% (share draft accounts per 100 members); loans per 100 members 37.

**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 | $414.6M |
| Members | 21,840 (-10.2% YoY) |
| Full-time staff | 86 |
| Net worth | $53.4M |
| Net worth ratio | 12.9% (p72 of band) |
| ROA (annualized) | 0.97% (p70 of band) |
| Total delinquency | 0.09% (p4 of band) |
| Net charge-offs (annualized) | 0.26% (p35 of band) |
| Loans / shares | 58% (p17 of band) |
| Cash / assets | 25.2% |
| Borrowings / assets | 0.00% |
| Net interest margin | 3.73% (p62 of band) |
| Operating expense / assets | 3.26% (p32 of band) |
| Vehicles % of loans | 61% (p91 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 55% |
| Third-party paper % of net worth | 145% (p71 of band) |
| Vehicle delinquency | 0.01% (p4 of band) |
| Vehicle NCO | 0.32% (p30 of band) |
| Repossessed % of vehicle book | 0.04% (p58 of band) |
| Real estate % of loans | 32% |
| Credit cards % of loans | 0% |
| Unsecured % of loans | 5% |
| Commercial % of net worth | 0% |
| Core shares % of member funds | 73% |
| Certificates % of member funds | 12% |
| Average share balance | $9,481 |
| Participations bought / yr | $20.0M |
| Participations sold / yr | $0 |
| Participations outstanding | $7.1M |
| Loans outstanding per 100 members | 37% |
| Loans granted per 100 members, annualized | 15% |
| Average loan balance | $25,830 |
| Loans granted, annualized | $68.2M |

## Participation posture (from the same filings)

Bought $20.0M and sold $0 in the latest annualized quarter; $7.1M outstanding purchased (13.3% of net worth), $0 sold and retained. Sold in 0 and bought in 6 of the last 8 quarters. Shares 2.1% year over year.

## Flags firing in the latest filing

- **delinquency rising** (`aq_dq_rising`)
- **members leaving** (`shrink_members`)
- **3rd-party paper>100% NW** (`str_thirdparty`)
- **auto monoline** (`str_vehicle`)

## Warning timeline

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

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

- 2026-09-09 [Cup of Joe presented by White Sands Federal Credit Union - Episode 8 - New Mexico State University Athletics](https://news.google.com/rss/articles/CBMiaEFVX3lxTFBteWJVNXYySXUyYXRqQ3FyajJDYjhNbWJxa2RTaDU0MVk0Ml9hdC1SMi0zd0x6emJ4dlprVGU2X1g3bElEa25TTmhnZTB5a0F5T0U4Wk5TOUs5SnYxRUhoRUxQczJ1ckM4?oc=5) · New Mexico State University Athletics
- 2026-09-09 [NMSU’s Pan Am Center to be renamed in $13M deal with White Sands Federal Credit Union - KTSM 9 News](https://news.google.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?oc=5) · KTSM 9 News
- 2026-09-08 [Credit union acquires naming rights for NMSU basketball arena - KRQE](https://news.google.com/rss/articles/CBMipgFBVV95cUxNLUtLZTNiVUFvdGtPcktGUFowZ0RoZEtBMW5sX3ZKWDlJZ1F4NmRWZVRYbU9mTW5BeWtXMnl5S0RYWlA0Ti1xXzN6RmszUG1jT2duNjlzRzZlT3g0dTRYQ2k3czdsUHIyNnd2R0p0OEljcjYwSmtYcnZ2a0RnQU1mS0xva2RLaWlWcEZ0MUxFV3QzV3dacVdoYkZXdkxJS3M3X2tubUl30gGmAUFVX3lxTE0tS0tlM2JVQW90a09yS0ZQWjBnRGhkS0ExbmxfdkpYOUlnUXg2ZFZlVFhtT2ZNbkF5a1cyeXlLRFhaUDROLXFfM3pGazNQbWNPZ242OXNHNmVPeDR1NFhDaTdzN2xQcjI2d3ZHSnQ4SWNyNjBKa1hydnZrRGdBTWZLTG9rZEtpaVZwRnQxTEVXdDNXd1pxV2hiRld2TElLczdfa25tSXc?oc=5) · KRQE
- 2026-01-12 [NMSU Aggie Uptown Continues to Grow with White Sands Federal Credit Union Groundbreaking - New Mexico State University](https://news.google.com/rss/articles/CBMi7wFBVV95cUxOM2RaS0wtQ0JyZURiOENHVndDYkxHVnZmM3dkYW10cW5GX1JCR3VfWnh5NE1pN1VNU1RmaEh5dU1zckFnR1hZemNZVTVSX3ZTZ09nbkg5SUlvSFVTbzc5aDlRNkRJYUhBV1paV1JkY3hhZDhwQUdkdFJ6czV2bXptbWRmWks5NDNFOFZMcU9VZnAwcDlSa1dRdUxQNmlhQ0x6cURaUjZPTzZMODlkNkFIUFhQM2wwSWFnbHpkTmk5TmQzUXdncTg2RGJ0Z1pha3FFRWlPNlZrci00WkZLZl9LaERUeVpDRFUybUdzZHZJTQ?oc=5) · New Mexico State University
- 2025-12-18 [Aggie Athletics to Debut Cup of Joe with Athletics Director Joe Fields Presented by White Sands Federal Credit Union - New Mexico State University Athletics](https://news.google.com/rss/articles/CBMigAJBVV95cUxNem1pVnVXcFJXMjh2czI3YnFLdXBqd3h4OGUwV2hIUm1lWFhDaHN5TFBNMGduT2dLeWR2UWIyeXBGTE9BYUx6Vk5GQXZuVk5IZW83TU8tX09vSVN1UllSVC1VWFIzUzhfNE9MSUhzeExmanQyanRxSGJsU1pzMS1mcVV6VXNKMzVsbi1XYWplSUpfY0JrNnY0dDJxOG4yc2p3dmFTYkhOQjVVaGtHSHhOWUhYNzJULUpMa0ZDM1RHck15SklKeXRKUjRrR0NDMDBsQzRWbndKZzNIelhScmZiU19udVJDa0JNMnZrLVVNZ01CNl9hQ3JDM05YcXR1TFRl?oc=5) · New Mexico State University Athletics
- 2026-01-16 [What's being built at Telshor and University? - Las Cruces Sun-News](https://news.google.com/rss/articles/CBMiwwFBVV95cUxPMnV1OU5TcU0tb2hsUjdFMUlEZGVMcENldVJDVnhMRGRkZnF1NDJOVmEzWmFBcEFUMzJfTGJpcVlIMERVUTZYcXpRYzNBT1EwMHRfOXY4dkFBZmlNalEwWTEtWkFQUU1lV0sxWllvMThTeldvaWRBQkk5aW5nalhmM3ZlajhoNTB0WEFSTnZWN1p0dGdtSzd4elRvSGRNNVZITGVBWWNwVVR4N1cwZWllT2ZHckVhUkY4dzVSZ2RmQU5NdXM?oc=5) · Las Cruces Sun-News
- 2026-05-18 [Woodie R. Jenkins Jr. - legacy.com](https://news.google.com/rss/articles/CBMigwFBVV95cUxPQW00d0FEb1VsTG1teHVLX1RDSk9fVGhLX3A4cDdtUWVxdUc2WWlaY1BZdzNLNzRYdlptQjdRd0Fac3JhTHJKbl93OFRuS2Rub2FzOHVhejVmeEdPLUh1N2JhbzR0RUNGMExoM3p4cGFIcmtCcFFmZmRpVWs3alFYRnN4cw?oc=5) · legacy.com
- 2023-01-04 [White Sands Federal Credit Union CEO retires - Las Cruces Bulletin](https://news.google.com/rss/articles/CBMilwFBVV95cUxNa0J1NFFkS1BMM2pHUEtFSm15dWJmdnE2MnFsd2x1aGxLUnJyRUdBUnVfUC1FLUVpV0Q0QU01VGY5ekc1TjFxLWhBZnNTQThKWTJuMDNLZVQwVWc3MUZVd0VWLVhOa0xTZTBvS0pmSFJja04xM3hJNGNrUlg5aUNUZ25sMjFxRFpmUkVUUUtBR29oazZ0djRN?oc=5) · Las Cruces Bulletin

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=7960 (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/24.json (key "7960", 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=7960
- 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