# FIRST RELIANCE
ATHENS, GA · NCUA charter 20707 · asset band <$50M · latest filing 2021-03 · stopped filing after 2021-03 (departed; for a credit union that is almost always a merger)
Share link (named URL with a preview card): https://getbookiq.com/cu/first-reliance-20707

Who the members are: federal charter, community charter, organized 1971, low-income designated. 3,000 members of 225,000 potential (1.3% of the field); checking penetration 47% (share draft accounts per 100 members); loans per 100 members 31.

**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 | $16.6M |
| Members | 3,000 (0.9% YoY) |
| Full-time staff | 3 |
| Net worth | $1.6M |
| Net worth ratio | 9.5% (p29 of band) |
| ROA (annualized) | 0.26% (p58 of band) |
| Total delinquency | 0.65% (p60 of band) |
| Net charge-offs (annualized) | 2.31% (p97 of band) |
| Loans / shares | 36% (p30 of band) |
| Cash / assets | 37.0% |
| Borrowings / assets | 0.00% |
| Net interest margin | 2.67% (p59 of band) |
| Operating expense / assets | 3.51% (p69 of band) |
| Vehicles % of loans | 65% (p61 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 0% |
| Third-party paper % of net worth | 0% (p45 of band) |
| Vehicle delinquency | 0.41% (p59 of band) |
| Vehicle NCO | 3.38% (p98 of band) |
| Repossessed % of vehicle book | 0.20% (p96 of band) |
| Real estate % of loans | 14% |
| Credit cards % of loans | 7% |
| Unsecured % of loans | 14% |
| Commercial % of net worth | 0% |
| Core shares % of member funds | 74% |
| Certificates % of member funds | 2% |
| Average share balance | $3,063 |
| Participations bought / yr | $0 |
| Participations sold / yr | $0 |
| Participations outstanding | – |
| Loans outstanding per 100 members | 31% |
| Loans granted per 100 members, annualized | 14% |
| Average loan balance | $5,676 |
| Loans granted, annualized | $2.1M |

## Flags firing in the latest filing

- **net worth falling** (`cap_falling`)
- **margin squeeze** (`earn_nim_squeeze`)
- **charge-offs p90** (`aq_nco_high`)
- **auto monoline** (`str_vehicle`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 0 |  |  |
| 2016-06 | 0 |  |  |
| 2016-09 | 0 |  |  |
| 2016-12 | 0 |  |  |
| 2017-03 | 0 |  |  |
| 2017-06 | 0 |  |  |
| 2017-09 | 0 |  |  |
| 2017-12 | 0 |  |  |
| 2018-03 | 2 | net worth falling, auto monoline |  |
| 2018-06 | 0 |  | net worth falling, auto monoline |
| 2018-09 | 2 | delinquency 2x band, auto monoline |  |
| 2018-12 | 1 |  | delinquency 2x band |
| 2019-03 | 2 | delinquency 2x band |  |
| 2019-06 | 2 | repo signal | delinquency 2x band |
| 2019-09 | 2 |  |  |
| 2019-12 | 4 | delinquency 2x band, delinquency rising |  |
| 2020-03 | 4 |  |  |
| 2020-06 | 7 | net worth falling, margin squeeze, loan book shrinking |  |
| 2020-09 | 3 |  | delinquency 2x band, delinquency rising, net worth falling, loan book shrinking |
| 2020-12 | 4 | delinquency 2x band |  |
| 2021-03 | 4 | net worth falling, charge-offs p90 | repo signal, delinquency 2x band |

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

- 2026-06-26 [Two Southeast banks to merge in $163M deal - Banking Dive](https://news.google.com/rss/articles/CBMiggFBVV95cUxNdnVFcU9uSTNncEtPV3o5dUpuc21hOFI3N1BYVURNa0wtVkNTMlhzaC14cEpuUU0xM2p4d2ItLXpYcnpETEdIN1laTzZpQkR4UldiVGpDUEFCaFY1ODNHemJ3U3dHb1M3TDdBaE9zTGNOaHhHVHJCek1DbnVNcWRWOHNn?oc=5) · Banking Dive
- 2023-09-11 [ICBA: Congress Must Investigate Credit Union Tax Exemption - Banking Exchange](https://news.google.com/rss/articles/CBMirgFBVV95cUxPLWxrRFlmR21JdnVkSXFIbm9tTzhLTGdvOUJ0bGY3TkhUa0Z2MUhWaUdKMlhHUGxiR2lEMFBlMXFfdzVsa1hZTV9zczZ0UDN2cWVUd3lyeUx1ZjhGQnVjWTZoMTRPdlN3ZlZxNHVXN1dRLXpvMGpROTFTMmdpSExPX2RzZWxUeXZaUHVzR0hLa3Q2eHNQZ1hNUE1JYmJ2VmNaUEFXQjVEbXkya2tnZGc?oc=5) · Banking Exchange
- 2018-08-26 [Thomas J McNeeley Obituary Aug 26, 2018 - Lord & Stephens Funeral Homes](https://news.google.com/rss/articles/CBMiakFVX3lxTE5EbU00TDZXMmVXZ1FmUUkxbHE3YzJ1d2xRSC03WlZER1oyOVZNT0s3aTVuQjZrRGpVWlpkSHNsSFNpSF8wVThtSi12bHQzV29kUW1YV3BYWk5aQ2RaN25fTURNbzIzMm4xUnc?oc=5) · Lord &amp; Stephens Funeral Homes
- 2021-09-22 [Google Pay growth continues to explode, with dozens upon dozens of new banks signing on - Android Police](https://news.google.com/rss/articles/CBMijAFBVV95cUxQRjVBSkRYUnhSaHFFUTJvZGt2X0R0RnZtcWp6MUUtQjR3R3RXNmc1Umo4Q3NaV0VKVVpsYTRCSVkzb0dfdmhWS05ZWnpQYWh6d3gzc0VVVzBCYXM0MnBCbG9kekdMdnBfZk9selhhTkhDV2pCMGxUNXVlNG5wMmpodURVQWxjanVxT0VhYQ?oc=5) · Android Police
- 2022-08-18 [Bailout List: Banks, Auto Companies, and More | Eye on the Bailout - ProPublica](https://news.google.com/rss/articles/CBMiV0FVX3lxTE9yUjlLUHlRTkFPekMwR3J1MXFxS2o0OWc3cTFybnY2U1ZhZ1BkTVRweEE5bXJuWnVSTTRxWk1malZlQ2dPUVpHSTk0OTZfNUg3aGpUVVJrbw?oc=5) · ProPublica

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=20707 (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/35.json (key "20707", 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=20707
- 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