# FIRELANDS
Bellevue, OH · NCUA charter 11674 · asset band $500M-1B · latest filing 2026-03 · live
Share link (named URL with a preview card): https://getbookiq.com/cu/firelands-11674

Who the members are: federal charter, community charter, organized 1957. 36,412 members of 184,962 potential (19.7% of the field); checking penetration 61% (share draft accounts per 100 members); loans per 100 members 60.

**Verdict on the desk:** this could be *indirect buyer*. Composite score 1 of 18 (one point per flag across 17 flags, capital below 7% counted twice).

## What the filing shows

| Measure | Value |
|---|---|
| Total assets | $569.5M |
| Members | 36,412 (0.2% YoY) |
| Full-time staff | 99 |
| Net worth | $54.4M |
| Net worth ratio | 9.6% (p33 of band) |
| ROA (annualized) | 1.38% (p86 of band) |
| Total delinquency | 0.84% (p69 of band) |
| Net charge-offs (annualized) | 0.62% (p69 of band) |
| Loans / shares | 66% (p17 of band) |
| Cash / assets | 7.3% |
| Borrowings / assets | 0.00% |
| Net interest margin | 3.86% (p77 of band) |
| Operating expense / assets | 3.73% (p58 of band) |
| Vehicles % of loans | 44% (p79 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 92% |
| Third-party paper % of net worth | 258% (p84 of band) |
| Vehicle delinquency | 1.13% (p81 of band) |
| Vehicle NCO | 2.27% (p88 of band) |
| Repossessed % of vehicle book | 0.00% (p18 of band) |
| Real estate % of loans | 33% |
| Credit cards % of loans | 3% |
| Unsecured % of loans | 8% |
| Commercial % of net worth | 57% |
| Core shares % of member funds | 40% |
| Certificates % of member funds | 29% |
| Average share balance | $6,083 |
| Participations bought / yr | $21.2M |
| Participations sold / yr | $218,120 |
| Participations outstanding | $33.3M |
| Loans outstanding per 100 members | 60% |
| Loans granted per 100 members, annualized | 19% |
| Average loan balance | $15,411 |
| Loans granted, annualized | $128.7M |

## Participation posture (from the same filings)

Bought $21.2M and sold $218,120 in the latest annualized quarter; $33.3M outstanding purchased (61.1% of net worth), $3.4M sold and retained. Sold in 8 and bought in 8 of the last 8 quarters. Shares 9.3% year over year.

## Flags firing in the latest filing

- **3rd-party paper>100% NW** (`str_thirdparty`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 4 | delinquency 2x band, charge-offs p90, 3rd-party paper>100% NW, auto monoline |  |
| 2016-06 | 3 |  | delinquency 2x band |
| 2016-09 | 3 |  |  |
| 2016-12 | 4 | net worth falling |  |
| 2017-03 | 4 |  |  |
| 2017-06 | 4 |  |  |
| 2017-09 | 3 |  | net worth falling |
| 2017-12 | 2 |  | charge-offs p90 |
| 2018-03 | 3 | net worth falling |  |
| 2018-06 | 2 |  | net worth falling |
| 2018-09 | 2 |  |  |
| 2018-12 | 2 |  |  |
| 2019-03 | 2 |  |  |
| 2019-06 | 2 |  |  |
| 2019-09 | 2 |  |  |
| 2019-12 | 2 |  |  |
| 2020-03 | 2 |  |  |
| 2020-06 | 3 | delinquency 2x band |  |
| 2020-09 | 2 |  | delinquency 2x band |
| 2020-12 | 2 |  |  |
| 2021-03 | 4 | net worth falling, expense trap |  |
| 2021-06 | 2 |  | net worth falling, expense trap |
| 2021-09 | 4 | delinquency 2x band, members leaving |  |
| 2021-12 | 4 |  |  |
| 2022-03 | 3 |  | auto monoline |
| 2022-06 | 4 | delinquency rising |  |
| 2022-09 | 2 |  | members leaving, delinquency rising |
| 2022-12 | 2 |  |  |
| 2023-03 | 3 | auto monoline |  |
| 2023-06 | 5 | losing money, expense trap |  |
| 2023-09 | 5 | net worth falling | losing money |
| 2023-12 | 3 |  | delinquency 2x band, expense trap |
| 2024-03 | 3 |  |  |
| 2024-06 | 1 |  | auto monoline, net worth falling |
| 2024-09 | 1 |  |  |
| 2024-12 | 1 |  |  |
| 2025-03 | 2 | net worth falling |  |
| 2025-06 | 1 |  | net worth falling |
| 2025-09 | 1 |  |  |
| 2025-12 | 1 |  |  |
| 2026-03 | 1 |  |  |

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

- 2026-05-28 [Firelands Federal Credit Union’s free photo contest returns - CUInsight](https://news.google.com/rss/articles/CBMiowFBVV95cUxNdEpRbHViZ1FtV0hhcnhXLV9nb1NQRENfVGR4QmVUTXhLV1lwV1Q1LWVwU0s0SmlhdklyZU9QdXJMbGh1enJUbW9lRWRkNHBKVHdrY2JNOVZmNDRFT0ZjWHlic2lfNGEySVB2ZmJNTFBtMzA2OWVfYVpFVURqaUg5RTFJQVFrVE5hb253Uk1DRjBKR3FJck5MbUdVc0NpRUItRDhF?oc=5) · CUInsight
- 2026-06-21 [Credit union to open new branch in New London - Norwalk Reflector](https://news.google.com/rss/articles/CBMikgFBVV95cUxOaHNNbV83NXdpMFdPNEowRlQyY2ktcXkwYUY3YXF2czZGV3VSRVBMWDhfeVZ0ZVlsblQ0dG1sRmNjd01NQmtoMW5WXy0yVEhsUE1lbzExM1VHY19JbUx6LXFfSU1reVlpNDlMMlNGNTVGdEV1cHlwdWRhYm80UWQ3V1VoblI5UGZCWTBSVUJoQ0F0UQ?oc=5) · Norwalk Reflector
- 2026-07-01 [Firelands Federal Credit Union Launches Mahalo’s Thoughtful Banking® Platform - Business Wire](https://news.google.com/rss/articles/CBMizAFBVV95cUxPRFZKdTZRZ0czZXZpdXJkZk10aWhjdDl2eWFVZ01DbmxIOHo1RDVFTVgyZmlIUEpaN3E1SFY3RkFHTXFDdm5pcEVTQ2RLaEU5TDVZWHRpZmhSWFQ4SXBPNmUwZ3p0RFZfMkRvelQ2WkJSS3JMWjJCbks3bldxajhKaV80b3BIODNDaktwS2dTWEJBMkVBTWRSM0tDem13ZE5nelJmZTk1SERuMjhGVUhKb1BIRzBSYUdhQ1F2MGJLSmQ5MlBQd0VqRlhjZWI?oc=5) · Business Wire
- 2026-04-13 [Firelands FCU takes bold step to ensure every member gets the Firelands experience - CUInsight](https://news.google.com/rss/articles/CBMiwAFBVV95cUxQNTFmNlpLM2p2R1RVcHhySmdELTU1LUhXWnc3eWRPVzU4aTg1N3pNdEswR1N2U3RzdmU2ZVE3S05ycTZvTWNWVWRadG5YUVpZOERocENrbFlYVlVua1pRd1VPZjRsOFhnYzY4aDFIY0pfOENuS09zdWstMFZYOVFFUnNnZXoxcWVCTWlQSnZqQW10bkpucDRyVWs5ZjB4eWxySE9xeUVQUXRYSmxTeGQ4T1Z3eUFMX3Fobmk3S2RteTg?oc=5) · CUInsight
- 2024-08-26 [Stephen Michael Wasserman Obituary Aug 26, 2024 - Herman Funeral Home](https://news.google.com/rss/articles/CBMiY0FVX3lxTE52LVdKa2RwRE16NGZlS3NyYWFtUWlaZmlBUzNORTJoaDlVaEZ1WEUxRzd3d0NLZTVFLWM2V0R5MzgzaXdoeXpTY1NEWjE0VVF3VW80VE1XYXBLQXl2b05GcDZHcw?oc=5) · Herman Funeral Home
- 2026-03-05 [Firelands FCU offers up to $20,000 in grant funds through 2026 Welcome Home Program - CUInsight](https://news.google.com/rss/articles/CBMivwFBVV95cUxOZHlyOEhOMWE0M0tKZ1FzWHUxamo4ZzRvSjNTLWs4XzNYd1QtYjZwWUF3U3p0Ri1CbEVIWG9kSTE5d0pKZVFCQjZCSlBFZFYzTXBtaTZNU3Z2SGNNUTRpbmxXSExiSlA5a1p3NXV1a3lGVVFWTk1WQjBscVJoQ2RHV0MxZjg0UmR6ZlR0RnpLUEkzUE9FNjF0V0Q0VGZsVV9kMENzRTJrdTJEZU5pdXluYmVOMXhDT2Y5RjhYb3hIOA?oc=5) · CUInsight
- 2024-09-10 [Obituary for Amanda V. Bollinger - Foos and Foos Funeral Service](https://news.google.com/rss/articles/CBMiY0FVX3lxTE14N1dOcGpoQlJ4LXpfbko4Rll6N18tWC1ld0JYODM0WmZkcndVZDF0Mko3OGlURExDTGpGT3RTU0Rybmd0alNwT1ppdEwtbExONHJnXzVsc2tsbDRoQ1lpakVUVQ?oc=5) · Foos and Foos Funeral Service
- 2021-10-12 [AMANDA BOLLINGER Obituary (2014) - Monroeville, OH - The News-Times - legacy.com](https://news.google.com/rss/articles/CBMikwFBVV95cUxOcjEwUE1rQ0FNUV94RG5RS0I5Z05qaWVsbGtpWXk0UE80eFl6XzhLLVpVdmpPUENJYWRMME03a2lyZ2JpZFpKYjVMZks0OUg2ZGJaSlFnOWRJTkRJNFNGU041akxoQUpHMWNVR2pGMmFfUFRiOW9TQTVwY1l1ZFQ1WlNPQkttTkhkTjhYcGFOVDRUV1U?oc=5) · legacy.com

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=11674 (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/26.json (key "11674", 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=11674
- 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