# PEOPLE'S FIRST
TARRANT, AL · NCUA charter 1610 · asset band <$50M · latest filing 2019-06 · stopped filing after 2019-06 (departed; for a credit union that is almost always a merger)
Share link (named URL with a preview card): https://getbookiq.com/cu/people-s-first-1610

Who the members are: federal charter, multiple common bond, organized 1936, low-income designated. 473 members of 6,201 potential (7.6% of the field); checking penetration 36% (share draft accounts per 100 members); loans per 100 members 55.

**Verdict on the desk:** this could be *ordinary*. 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 | $3.1M |
| Members | 473 (-8.3% YoY) |
| Full-time staff | 2 |
| Net worth | $335,964 |
| Net worth ratio | 10.7% (p31 of band) |
| ROA (annualized) | -1.00% (p6 of band) |
| Total delinquency | 1.12% (p63 of band) |
| Net charge-offs (annualized) | -0.33% (p3 of band) |
| Loans / shares | 84% (p81 of band) |
| Cash / assets | 18.9% |
| Borrowings / assets | 0.00% |
| Net interest margin | 5.44% (p94 of band) |
| Operating expense / assets | 7.07% (p96 of band) |
| Vehicles % of loans | 31% (p19 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 0% |
| Third-party paper % of net worth | 0% (p45 of band) |
| Vehicle delinquency | 1.78% (p79 of band) |
| Vehicle NCO | 0.00% (p27 of band) |
| Repossessed % of vehicle book | 0.00% (p45 of band) |
| Real estate % of loans | 47% |
| Credit cards % of loans | 2% |
| Unsecured % of loans | 12% |
| Commercial % of net worth | 19% |
| Core shares % of member funds | 72% |
| Certificates % of member funds | 8% |
| Average share balance | $4,132 |
| Participations bought / yr | $0 |
| Participations sold / yr | $0 |
| Participations outstanding | – |
| Loans outstanding per 100 members | 55% |
| Loans granted per 100 members, annualized | 47% |
| Average loan balance | $8,895 |
| Loans granted, annualized | $461,244 |

## Flags firing in the latest filing

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

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 3 | losing money, expense trap, delinquency 2x band |  |
| 2016-06 | 4 | charge-offs p90 |  |
| 2016-09 | 3 |  | delinquency 2x band |
| 2016-12 | 2 |  | charge-offs p90 |
| 2017-03 | 5 | assets shrinking, members leaving, loan book shrinking |  |
| 2017-06 | 5 | net worth falling | loan book shrinking |
| 2017-09 | 5 |  |  |
| 2017-12 | 5 | delinquency rising | net worth falling |
| 2018-03 | 4 | delinquency 2x band | members leaving, delinquency rising |
| 2018-06 | 7 | delinquency rising, members leaving, loan book shrinking |  |
| 2018-09 | 7 | net worth falling | delinquency 2x band |
| 2018-12 | 6 |  | delinquency rising |
| 2019-03 | 5 |  | net worth falling |
| 2019-06 | 4 |  | loan book shrinking |

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

- 2018-05-31 [Knowing when to keep or ditch vendors during core conversion - americanbanker.com](https://news.google.com/rss/articles/CBMirgFBVV95cUxPakZOOG1IejFRcTFvdHZhLUp3aHJuXzRVMWd0a0ZyWW02bUtLZHR0MUtVSGJKdEtrall4YkpvSVVGbFpPMS13WGtxN3NsWlN6QWJrQlVmeHpMRV9pSXhTNHpCbmEzdVY3OTVaZ0RmTWxIRXNoamVNeGg3V0ZNb1FtMy1zcmtPbHg3dER2QVBHYjVpU0F4bV9oMHhzUm94MjhJakhKeVQ3S1FrYWpSVXc?oc=5) · americanbanker.com
- 2024-09-13 [Qdoba opens, sub shop delayed and 2 other fast-casual chains coming at Westgate Mall - Lehighvalleylive.com](https://news.google.com/rss/articles/CBMi1AFBVV95cUxQY0t2ZDJfMjh3R3NweW9sRUExVDVOZU5BOGpJMkhBTS1odWtkMV95MWF0YzhLNDJTQkotYU9vblBWQTEwUU5FWE5ZTGFWYkM5czBvb2J0TS1NdXkxckVjVlpyQ1NIRUZsMTZqbzQwUHlKbndXenhQZ3Y0bUJUYVIzR0JJekZIZ0dLbG1YbS1BdkRsbWNmNFNRdVZiamVDVS1GZXMzeUNoT1p6MWFyQjFLZi1rRFNCYmY2eXE5MzFpalBta2xYNnl2Um10aFk4cnBIMng2ag?oc=5) · Lehighvalleylive.com
- 2024-05-29 [Janine Hahn Obituary - PA - The Morning Call](https://news.google.com/rss/articles/CBMiX0FVX3lxTE14TW9rSkJUVDBPY3ZvSUhJcWVQR3cxa2JPR2JmVUwyQ2pSaGN5bEdfSENPQl9qQ0hBaHU3UUgyZU5GVUZQNHQyc1REYTlGZW9TZDJOQmF1WkYtalRlWlF3?oc=5) · The Morning Call
- 2025-04-02 [‘Cash is not king’: Bank boss reveals future of money and why branches must close - Toowoomba Chronicle](https://news.google.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?oc=5) · Toowoomba Chronicle
- 2025-01-23 [Heritage Bank stops taking new customer applications - The Adviser](https://news.google.com/rss/articles/CBMimwFBVV95cUxOdDl0eTBhNVZaNjU2d0dFY2dtNE9RYk1NM2kxb2I0NTZ2RHpMZi1xZnFrVEZha1JlRWRwVlI0RU1KS2JqQ1RiUXlFNnNnaG93TUZpS3lvMkxHZ1cwUV9GS1dhXzlFOFdoMHJBcHdyZWFFU0VoTWhGNHlWejg4TmFyMlZwaG9BaUU1ekcwZWUzWWtPc3BOTFV2eEh6MA?oc=5) · The Adviser
- 2025-02-11 [Athy Sing and Sign wins €2,000 credit union prize - kildare-nationalist.ie](https://news.google.com/rss/articles/CBMiswFBVV95cUxNNDNIZGpvamFobF8wWDlhVmFFTmdKQW5wc0lXQTloRndmbURlSnZhX0xOYlZiejZ2RGY1aXVndktqN3RNdkVwaUR1MWo4WEFGOHZET1RXdVFLTlFxTExYVmtKanVtLXRsaFgzSTFEc0FkbEZhelJGZW1HU2hkSjRmcFFSYmtLWFMxaFI1cVplNHNFOV91QzBaMDc1RWF6V2hzMG1zNFpVa1hDaWV0TV9kRnlmNA?oc=5) · kildare-nationalist.ie
- 2012-04-10 [Brandon Sommer Obituary (2012) - Easton, PA - Lehighvalleylive.com](https://news.google.com/rss/articles/CBMimgFBVV95cUxNY18tT0dOeHdSMzBhMW45MGRnanh5bkdWa1hDM25wMkY5NnA4LW5zX0xFcGRDczltSTFaRTItcmtMeDFWN2VEdzd0UFhzUHRYaFFGdVJua1FFUXdoRk4tRGJtMm1Xc2d6Y3JiMVJ4NndDNjdGTlVKVUdHRmZaNS1LclVsaXl3WnpIUVRUSHBfZFVydWxscExxelhn?oc=5) · Lehighvalleylive.com
- 2025-02-04 [Queensland hit hardest as People First Bank to close 18 branches - The Courier Mail](https://news.google.com/rss/articles/CBMihwJBVV95cUxOQU42NjlVMHMwUEZGdVZvZHI1MzdGZGhTSDNHdUU4V1lYekMzSjNpUDRuV0VoZGlhaUdscVlXdTBVSlRrZnVqYm1XaE4za0dRTWtkWVNQT1ZOYzJPT1JFU2lseUM2NjUwdEdGZWZBQzc5LXZmSXd4dUxsN1JNNEZsMTZobThSMEtUMG1sdjVDcnZsdHhfdGlNcUdJd1JXaDNzelU5WHdYZ2NDQzNkeVItd2VHM0poWWcwNmctblctM3J2MDA4VG9yZkRSUDZfLWg2dGU3V0dDQ19ocEhSNXowX1RqWkhRMG1zMTBwQXJIUW5GWWVRcnQtVElXZDNGNW1zU0pjZ3lWWQ?oc=5) · The Courier Mail

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=1610 (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/10.json (key "1610", 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=1610
- 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