# FOCUS FIRST
Rochester, NY · NCUA charter 10220 · asset band <$50M · latest filing 2025-12 · stopped filing after 2025-12 (departed; for a credit union that is almost always a merger)
Share link (named URL with a preview card): https://getbookiq.com/cu/focus-first-10220

Who the members are: federal charter, community charter, organized 1955. 898 members of 759,000 potential (0.1% of the field); checking penetration 21% (share draft accounts per 100 members); loans per 100 members 44.

**Verdict on the desk:** this could be *too clean*. Composite score 5 of 18 (one point per flag across 17 flags, capital below 7% counted twice).

## What the filing shows

| Measure | Value |
|---|---|
| Total assets | $10.1M |
| Members | 898 (-6.7% YoY) |
| Full-time staff | 3 |
| Net worth | $3.2M |
| Net worth ratio | 31.5% (p94 of band) |
| ROA (annualized) | -17.13% (p0 of band) |
| Total delinquency | 0.06% (p20 of band) |
| Net charge-offs (annualized) | 0.69% (p75 of band) |
| Loans / shares | 29% (p11 of band) |
| Cash / assets | 64.5% |
| Borrowings / assets | 0.00% |
| Net interest margin | -4.88% (p0 of band) |
| Operating expense / assets | 12.78% (p99 of band) |
| Vehicles % of loans | 34% (p21 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 0% |
| Third-party paper % of net worth | 1% (p87 of band) |
| Vehicle delinquency | 0.07% (p32 of band) |
| Vehicle NCO | 0.43% (p68 of band) |
| Repossessed % of vehicle book | 0.00% (p45 of band) |
| Real estate % of loans | 48% |
| Credit cards % of loans | 4% |
| Unsecured % of loans | 13% |
| Commercial % of net worth | 0% |
| Core shares % of member funds | 65% |
| Certificates % of member funds | 35% |
| Average share balance | $6,757 |
| Participations bought / yr | $0 |
| Participations sold / yr | $0 |
| Participations outstanding | – |
| Loans outstanding per 100 members | 44% |
| Loans granted per 100 members, annualized | 3% |
| Average loan balance | $4,996 |
| Loans granted, annualized | $369,061 |

## Flags firing in the latest filing

- **losing money** (`earn_negative`)
- **expense trap** (`earn_opex`)
- **margin squeeze** (`earn_nim_squeeze`)
- **assets shrinking** (`shrink_assets`)
- **members leaving** (`shrink_members`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 3 | losing money, loans>95% of shares, auto monoline |  |
| 2016-06 | 3 |  |  |
| 2016-09 | 2 |  | loans>95% of shares |
| 2016-12 | 3 | net worth falling |  |
| 2017-03 | 2 |  | net worth falling |
| 2017-06 | 3 | 3rd-party paper>100% NW |  |
| 2017-09 | 5 | assets shrinking, loans>95% of shares |  |
| 2017-12 | 5 | net worth falling, delinquency rising | assets shrinking, loans>95% of shares |
| 2018-03 | 4 | assets shrinking | 3rd-party paper>100% NW, net worth falling |
| 2018-06 | 5 | loans>95% of shares |  |
| 2018-09 | 6 | members leaving, 3rd-party paper>100% NW | delinquency rising |
| 2018-12 | 5 |  | 3rd-party paper>100% NW |
| 2019-03 | 5 | loan book shrinking | loans>95% of shares |
| 2019-06 | 5 |  |  |
| 2019-09 | 5 |  |  |
| 2019-12 | 6 | delinquency rising |  |
| 2020-03 | 6 |  |  |
| 2020-06 | 6 | net worth falling | delinquency rising |
| 2020-09 | 6 | delinquency rising | assets shrinking |
| 2020-12 | 6 | assets shrinking | net worth falling |
| 2021-03 | 5 |  | delinquency rising |
| 2021-06 | 5 | net worth falling | auto monoline |
| 2021-09 | 3 |  | loan book shrinking, net worth falling |
| 2021-12 | 4 | delinquency rising, loan book shrinking | assets shrinking |
| 2022-03 | 7 | delinquency 2x band, charge-offs p90, assets shrinking |  |
| 2022-06 | 5 |  | delinquency rising, delinquency 2x band |
| 2022-09 | 4 |  | charge-offs p90 |
| 2022-12 | 4 | charge-offs p90 | assets shrinking |
| 2023-03 | 3 | net worth falling | members leaving, charge-offs p90 |
| 2023-06 | 3 |  |  |
| 2023-09 | 4 | members leaving |  |
| 2023-12 | 4 | charge-offs p90 | loan book shrinking |
| 2024-03 | 3 |  | charge-offs p90 |
| 2024-06 | 3 |  |  |
| 2024-09 | 3 | loan book shrinking | net worth falling |
| 2024-12 | 5 | delinquency rising, assets shrinking |  |
| 2025-03 | 4 |  | delinquency rising |
| 2025-06 | 4 |  |  |
| 2025-09 | 5 | delinquency rising |  |
| 2025-12 | 5 | expense trap, margin squeeze | loan book shrinking, delinquency rising |

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

- 2026-01-22 [Family First Credit Union acquires Focus First Credit Union - rbj.net](https://news.google.com/rss/articles/CBMikAFBVV95cUxNVWJDY1UyaVZxRUpuMmhSdmNxblRUdjlCMXB6WHRYQ2dfNUU5bE1zT0E0YXFWLVhYZnBUZnhNelpUN0lMMzF6SU41Ym9ZOV80WTR3Y0d3Q2xwMU00WV9SZEZFQ09TTTFOMC1SQjRXbEJaV0Z3eWdIcjBFaFdvODlnNS05eU10Nm5HWm96Z0U1Q2k?oc=5) · rbj.net
- 2025-04-07 [NBT Bank premieres in Rochester before merger with Evans Bank - rbj.net](https://news.google.com/rss/articles/CBMilwFBVV95cUxPNWhnUjloMXVuaUNFbFJLbHhueU9MQ0plRWpSVjV6eUNudkhpN3VJSktCYlhjTXAtamtfWnpObkp5MUZ6XzdZZmRQTHdvVi16emlnQ3NQcG9pSTdOajd3ODdva2x2TUtSOFNMM1ZEVkQyVXNlcG81WTZyLU5BRDhWUXZHQ0xNa2t0TVBrNVNoa2lGTGc2TktJ?oc=5) · rbj.net
- 2020-07-17 [Ed M. Bolling Obituary Jul 17, 2020 - newcomerrochester.com](https://news.google.com/rss/articles/CBMiZkFVX3lxTE9ieUxWZFc0aFFxWFZ2UDMybGxQdTVLN3pMYzlJSUx3RDVmVlVab09mTDVBdkxiSXByd2M5WGF2NnFiV1RJWVRLeXV2Q1lCaHUzUnoyUEV2V25QYWVsb3ZMNHBDSGlMdw?oc=5) · newcomerrochester.com
- 2026-08-31 [Payfinia and MAP on Instant Payments for Credit Unions - The Fintech Times](https://news.google.com/rss/articles/CBMiiwFBVV95cUxOdk0tdE4wak5qZGJpck85TVZEaDJQbERuQWtVaEJkaE5LM3BNTWhFMVlUdGJZOVo2OFp5MHJfcmx4SURKQzNfc2Qxd1Q3Vy1DRTJ5OE5XXzVFQ2tJaFNPVlRQWXVsMVJQcWdrV3pUckFvQ2ZxT3JpMjFJOWhVQzJjUDVnaHRtMDRHQ2xn?oc=5) · The Fintech Times
- 2025-07-14 [Telling your brand’s sustainability story: Purpose, proof and people - Sustainable Biz Canada](https://news.google.com/rss/articles/CBMilgFBVV95cUxNcHdPY2RsSk1JTlprUDUwRmw4czFIOC1IMDZKMEgzQ0p5blpCZHBPcUJDNFJoWE56UlBiaXhYbnlBdHpQcjZFVm1sM1Y5MHhsMnZ3ckJkZVQ0RTV5dHBuZjlab3ViNndpZ1ZQUnZBR2ItMGRFY25oVnJaeUxsOEdLWkZ0V09uNlpyV0xzYWFrMTBUdkltc3c?oc=5) · Sustainable Biz Canada
- 2026-01-22 [Modern Wealth expands Rochester presence with Houck-led advisory acquisition - rbj.net](https://news.google.com/rss/articles/CBMiigFBVV95cUxNWWVoaE1SMm9WTm41aTRzTDRMYW1ReXlMOWM5UnVqNXhFMnNKMWdaTU5oSjY0M1haQUhqVklValNXSXlBMVNTa3p1a3dsbE5vV1kyZVZvbkpUd3c4emVXeFAxWjR6T0hieWJFT1VGU0FiS25wcE1mT2NDNnA5SUtTMHc3bk02MDFhSWc?oc=5) · rbj.net
- 2026-05-21 [Oaks adds Rochester-area trash pick-up service to portfolio - rbj.net](https://news.google.com/rss/articles/CBMicEFVX3lxTE5CR1FQaENtaDBpbGU4ZFV4ZjVseDlnRzZJOE1HVG9jRGVWYUtqNDhwVlh5QjRvOUZlRDZSSng3NWVFTGFJWXhEY2dQN21Ec0htUHZnaDR2b1BPeHBuVVBnWW5FYkRwZHAzOWVubC1OSy0?oc=5) · rbj.net

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=10220 (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/44.json (key "10220", 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=10220
- 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