# SOLANO FIRST
Fairfield, CA · NCUA charter 10790 · asset band $100-200M · latest filing 2021-06 · stopped filing after 2021-06 (departed; for a credit union that is almost always a merger)
Share link (named URL with a preview card): https://getbookiq.com/cu/solano-first-10790

Who the members are: federal charter, community charter, organized 1956, low-income designated. 9,540 members of 431,121 potential (2.2% of the field); checking penetration 88% (share draft accounts per 100 members); loans per 100 members 81.

**Verdict on the desk:** this could be *stressed*. Composite score 8 of 18 (one point per flag across 17 flags, capital below 7% counted twice).

## What the filing shows

| Measure | Value |
|---|---|
| Total assets | $186.1M |
| Members | 9,540 (-1.9% YoY) |
| Full-time staff | 30 |
| Net worth | $6.5M |
| Net worth ratio | 3.5% (p0 of band) |
| ROA (annualized) | -1.83% (p0 of band) |
| Total delinquency | 0.42% (p63 of band) |
| Net charge-offs (annualized) | 0.27% (p75 of band) |
| Loans / shares | 39% (p13 of band) |
| Cash / assets | 31.6% |
| Borrowings / assets | 0.00% |
| Net interest margin | 1.88% (p15 of band) |
| Operating expense / assets | 4.65% (p95 of band) |
| Vehicles % of loans | 40% (p54 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 34% |
| Third-party paper % of net worth | 147% (p81 of band) |
| Vehicle delinquency | 0.77% (p86 of band) |
| Vehicle NCO | 0.87% (p90 of band) |
| Repossessed % of vehicle book | 0.00% (p35 of band) |
| Real estate % of loans | 44% |
| Credit cards % of loans | 6% |
| Unsecured % of loans | 7% |
| Commercial % of net worth | 36% |
| Core shares % of member funds | 82% |
| Certificates % of member funds | 2% |
| Average share balance | $7,778 |
| Participations bought / yr | $0 |
| Participations sold / yr | $0 |
| Participations outstanding | – |
| Loans outstanding per 100 members | 81% |
| Loans granted per 100 members, annualized | 6% |
| Average loan balance | $8,943 |
| Loans granted, annualized | $23.9M |

## Flags firing in the latest filing

- **thin capital** (`cap_low`)
- **capital below 7%** (`cap_critical`)
- **net worth falling** (`cap_falling`)
- **losing money** (`earn_negative`)
- **expense trap** (`earn_opex`)
- **margin squeeze** (`earn_nim_squeeze`)
- **3rd-party paper>100% NW** (`str_thirdparty`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 2 | thin capital, 3rd-party paper>100% NW |  |
| 2016-06 | 4 | losing money, delinquency 2x band |  |
| 2016-09 | 5 | repo signal |  |
| 2016-12 | 4 |  | repo signal |
| 2017-03 | 4 | delinquency rising | losing money |
| 2017-06 | 6 | net worth falling, charge-offs p90 |  |
| 2017-09 | 6 |  |  |
| 2017-12 | 5 | losing money | delinquency rising, net worth falling |
| 2018-03 | 6 | capital below 7% | charge-offs p90 |
| 2018-06 | 8 | net worth falling, charge-offs p90 |  |
| 2018-09 | 8 | assets shrinking | net worth falling |
| 2018-12 | 7 |  | assets shrinking |
| 2019-03 | 8 | assets shrinking |  |
| 2019-06 | 8 |  |  |
| 2019-09 | 7 | loan book shrinking | losing money, assets shrinking |
| 2019-12 | 8 | losing money |  |
| 2020-03 | 9 | net worth falling, margin squeeze | losing money |
| 2020-06 | 8 |  | delinquency 2x band |
| 2020-09 | 8 | delinquency 2x band | loan book shrinking |
| 2020-12 | 8 | members leaving | delinquency 2x band |
| 2021-03 | 7 | losing money | charge-offs p90, members leaving |
| 2021-06 | 8 | expense trap |  |

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

- 2021-06-19 [Valley Strong Credit Union and Solano First Federal Credit Union set to merge in July - thereporter.com](https://news.google.com/rss/articles/CBMiwwFBVV95cUxNa18tbXBKVDQwZ0xwNURuYUgwT3N6SlBfTk1GTVJMNTN2RHJVelBUWXRiYWwxa3lIdUE4ak9nclJ0UkVWU1F1T1k0bWp2bDg5bF90TGxYOXBTTXA1b2taTTVQZWdKUV83OWl3eUZDUWdHM0kyTzZRMm1rbHZ6UFlCM3I1ZG0tYXpBVUZjWkFpcTNYTkI4bjUycng0cXJHRUc1NzlYWnduZWFvRm8yQ3ZHQ2podl9fbno5LTJrZWJidjZQVzg?oc=5) · thereporter.com
- 2021-06-14 [Valley Strong Credit Union and Solano First Federal Credit Union announce merger - IBS Intelligence](https://news.google.com/rss/articles/CBMiuwFBVV95cUxPR1VPOGg2czdtR3NnQlRtWXJDY1h2X2pUSVFlU3RwaFYxZ0doeURhV3NPS1pPQ3pydFJ5NFVJd0dGVjR5MTBwZ0FYTHB1aHBFODVxdzh3SW5lVXBaeEotWlNncUNseU9MbWZWaXRhSG9sTk1tTEIzampVMjQ2OFp5eGJKUXNQU2M4WVVsRDRacjlqcDlsTG1jNGtZeEdSSXVFTndORzk3RWY2VDF4dFd6WDNJVkZjMzM1Tk5v?oc=5) · IBS Intelligence
- 2021-06-01 [California credit union lays out its 2nd merger of 2021 - Banking Dive](https://news.google.com/rss/articles/CBMinAFBVV95cUxNWC0tOTN3d3dmZmRMMmNHU0lxaHZpUThtLWpwRjZpRjlsRkJaaDNPeEhLQkNSZXRsdTloczdUeTBXNWVOY3Rfa0xJX1kzT09PcUdyMzd3YlZiVnZJY3JCTmxTamtRSjA5UHhFaXZjUWJoUzRpWW1YMUVKQThLeWptaGExRE41dF9HNGVXS1lHTEJUUU5CNEdyaEk5SnE?oc=5) · Banking Dive
- 2021-04-07 [San Francisco North Bay credit union lending rises 15% in Q4 - The Press Democrat](https://news.google.com/rss/articles/CBMivgFBVV95cUxOYXVwUmtkaTYwNHljNHJMSWRBelRMMTc1Mm5LUzBtUXYtX1Z1NDgwVTVJNnNsb3BER3FNYXFQTk8tWE1xMmFRWnN4X1NidGZvelljWkVjZm85OVJYbDVublhMZ25VcU9BZjJsQUxUcGhMOURBQVlnUFhNUE9OMWVwUEViWWloWVBxQkxkZ1FaX2JVNkR4SjZUMlBBQ2JhRmU0Sl9ocFg1Nmo1a3ptLTRkczdPM3ZoRkpfMERLOTZR?oc=5) · The Press Democrat
- 2021-05-28 [Valley Strong agrees to merge with Stockton-based credit union - Tehachapi News](https://news.google.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?oc=5) · Tehachapi News
- 2021-03-30 [Press Release: Kyle Flournoy selected as March 2021 PAL / Solano First Federal Credit Union Student of the Month! - dailyrepublic.com](https://news.google.com/rss/articles/CBMitgJBVV95cUxNN1NxMDVNaUhOeDhsd2l2VzJ0ME9QSVJyM0tCMEZWYnBldUFKMGxXOWY0UW9OYzR3cjZqQnB2eWdlLUV0UFBHbmFCUWgxOW9DZXUxUXY1ZG9yMGxraUpvZkVndkx6M0pVbF9wT2EtbGljZ1o3NWVuc25qNWp5azFFMUVMTnotNFI3anltQlc1VFdEUmYzaUgzZnFwYTVtdkkyOTlIUXZuUVR4cDBKdWNjbTk0RDV5ejNreUphc1J1R2NzUktvVWxxQXZiVFBDYkJJNE1SMktpbzBkTmt0ZFQzaVg2N3dVYUlCbEZZclFxRllGN2NtQ0VMYkR6UWpDWHZrWkhSRU53QjExMy02aF8wdGd4M1BTQ0tEVFJDWUJldlZ6TmhNbHcwcXdJUExIMGxXclhZZ2Jn?oc=5) · dailyrepublic.com
- 2018-07-29 [Police arrest 3 suspects in Fairfield bank robbery - kcra.com](https://news.google.com/rss/articles/CBMikAFBVV95cUxQXzRoTUxuUFFRQUNTck54dkM0WmZ0SzU5Y2ZLQkpIbDhWLU1lYWkyQnVrQkhkMkpXS2cxWG1tdmpEN29jOWZ3WUhsMld4YV82R0ZtNTdIZ3pVQk9XXzB6Q2FKX2c3eDRYX1BwNWlaSTh3U2d4eDJkY284azFJcDBkbnFEX2dTSUpnQlA1dU5FbTE?oc=5) · kcra.com
- 2018-01-12 [Bank-robbing spree leads to arrest of ex-credit union worker, authorities said - Sacramento Bee](https://news.google.com/rss/articles/CBMibEFVX3lxTFBEbmZRMzFOcmtUNTdGbnJMdnhBNVY5REJNcEc4bU00dUoydTlPd0hOYVZDM0xrSmJZQnotRE1TU3hfaW1TaWxPa0FhWUxpeWlSWEpIRHdGV3NuN1lBU1JRaUwxb1F5bF9oSGlMWNIBbkFVX3lxTFBGYVcyS2lDRFhGSV9qQ2did2E3aG1FZHQtd1FHeGVMX01PZlU3U1E2T0s5UVB3WDF6RVR1ZDl4bno4ZlNRNzE3UHpTd2szTkl2OTB1WjdWb3BIRU5mQThDQ3NmcEVNZVNWR21JbFVB?oc=5) · Sacramento Bee

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=10790 (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/38.json (key "10790", 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=10790
- 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