# FIRST CHOICE FINANCIAL
Gloversville, NY · NCUA charter 21012 · asset band $100-200M · latest filing 2026-03 · live
Share link (named URL with a preview card): https://getbookiq.com/cu/first-choice-financial-21012

Who the members are: federal charter, community charter, organized 1972. 13,355 members of 107,268 potential (12.4% of the field); checking penetration 61% (share draft accounts per 100 members); loans per 100 members 34.

**Verdict on the desk:** this could be *liquidity-rich*. 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 | $180.8M |
| Members | 13,355 (18.1% YoY) |
| Full-time staff | 29 |
| Net worth | $23.3M |
| Net worth ratio | 12.9% (p66 of band) |
| ROA (annualized) | 0.68% (p49 of band) |
| Total delinquency | 0.85% (p65 of band) |
| Net charge-offs (annualized) | 0.60% (p73 of band) |
| Loans / shares | 56% (p26 of band) |
| Cash / assets | 9.5% |
| Borrowings / assets | 0.00% |
| Net interest margin | 3.71% (p52 of band) |
| Operating expense / assets | 3.43% (p42 of band) |
| Vehicles % of loans | 15% (p13 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 22% |
| Third-party paper % of net worth | 14% (p44 of band) |
| Vehicle delinquency | 0.63% (p54 of band) |
| Vehicle NCO | 0.62% (p55 of band) |
| Repossessed % of vehicle book | 0.06% (p73 of band) |
| Real estate % of loans | 72% |
| Credit cards % of loans | 3% |
| Unsecured % of loans | 10% |
| Commercial % of net worth | 0% |
| Core shares % of member funds | 47% |
| Certificates % of member funds | 17% |
| Average share balance | $6,240 |
| Participations bought / yr | $0 |
| Participations sold / yr | $0 |
| Participations outstanding | $208,944 |
| Loans outstanding per 100 members | 34% |
| Loans granted per 100 members, annualized | 4% |
| Average loan balance | $19,727 |
| Loans granted, annualized | $22.4M |

## Participation posture (from the same filings)

Bought $0 and sold $0 in the latest annualized quarter; $208,944 outstanding purchased (0.9% of net worth), $0 sold and retained. Sold in 0 and bought in 0 of the last 8 quarters. Shares 0.1% year over year.

## Flags firing in the latest filing

- **assets shrinking** (`shrink_assets`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 1 | losing money |  |
| 2016-06 | 0 |  | losing money |
| 2016-09 | 1 | delinquency 2x band |  |
| 2016-12 | 0 |  | delinquency 2x band |
| 2017-03 | 0 |  |  |
| 2017-06 | 1 | net worth falling |  |
| 2017-09 | 0 |  | net worth falling |
| 2017-12 | 2 | delinquency 2x band, delinquency rising |  |
| 2018-03 | 1 |  | delinquency rising |
| 2018-06 | 3 | net worth falling, delinquency rising |  |
| 2018-09 | 1 |  | net worth falling, delinquency rising |
| 2018-12 | 1 |  |  |
| 2019-03 | 1 |  |  |
| 2019-06 | 2 | net worth falling |  |
| 2019-09 | 1 |  | net worth falling |
| 2019-12 | 1 |  |  |
| 2020-03 | 1 | margin squeeze | delinquency 2x band |
| 2020-06 | 2 | net worth falling |  |
| 2020-09 | 3 | delinquency 2x band |  |
| 2020-12 | 2 |  | net worth falling |
| 2021-03 | 2 |  |  |
| 2021-06 | 1 |  | margin squeeze |
| 2021-09 | 1 |  |  |
| 2021-12 | 1 |  |  |
| 2022-03 | 1 |  |  |
| 2022-06 | 3 | net worth falling, losing money |  |
| 2022-09 | 1 |  | net worth falling, losing money |
| 2022-12 | 1 | leaning on borrowings | delinquency 2x band |
| 2023-03 | 1 | net worth falling | leaning on borrowings |
| 2023-06 | 0 |  | net worth falling |
| 2023-09 | 0 |  |  |
| 2023-12 | 0 |  |  |
| 2024-03 | 1 | delinquency rising |  |
| 2024-06 | 2 | net worth falling |  |
| 2024-09 | 3 | leaning on borrowings |  |
| 2024-12 | 1 |  | delinquency rising, net worth falling |
| 2025-03 | 2 | members leaving |  |
| 2025-06 | 3 | delinquency 2x band, delinquency rising | members leaving |
| 2025-09 | 2 | assets shrinking | leaning on borrowings, delinquency rising |
| 2025-12 | 2 | delinquency rising | assets shrinking |
| 2026-03 | 1 | assets shrinking | delinquency 2x band, delinquency rising |

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

- 2022-05-10 [Fulton County Sheriff holds annual appreciation breakfast - NEWS10 ABC](https://news.google.com/rss/articles/CBMiogFBVV95cUxNV0dDNUNkbWwxc3VEdjhGYVp5YVNPQ2NPbUozSWNDOVFGUWdkSU5sWTdvTjdGZm5ieHFXdl9NS0kwLWVveVROSnhNNkd6TE81WUFmdWZ1alk4c3dVd091OXRrRkRjWGp5T3lBUy1yNFZwUE1Qc3E1Y1ZIOWFyYUF3YWI2cVFVYXhBakNDcXlRY0VuVGRKQ1pjMzQ2V2ZCNENrUlHSAacBQVVfeXFMTklXVm01aE1CMUdNYjFoakZ1NElYREQ3UzNJLUFvMnRCZDZPMDIxR2QzNGZ3cS10UTg4bnVIZGZjS3BEOXdSQzZHSzEtWXozWDAzOEdveEY1R3hZMVhab2FTOFg1d2tEbUtXZDZfSV8wM0l1eC1PYUItTXBaUDJuc1I3OE9WVFpLb00wMXJ5bkpMWW1NVTY0T2hEcmJtLTV6cTl5MXRKbWc?oc=5) · NEWS10 ABC
- 2019-07-08 [Cooperative Teachers Credit Union announces selection of new accounting manager - CUInsight](https://news.google.com/rss/articles/CBMivAFBVV95cUxQVS00b0JyZ3QtcVkxRDN0MFJXTzJDRElLOUxLLWtaZmNSTGF2cGplbVVCV2ZRNUJxSUNzdmFadmZxMlgzdHd1VXpJWUFuTzlsci1tNkQ3cVJaZTUwRG1xLWZvMTU0cEExamRaNldkMFpRZi15TE52QndkY1daOW9wbEhibUtvbEd3dW5aYnl4cXJxaFFzRzM0bUpET2ljMW5ZNTNmWjhyMElJUFJxMEpXRVp0M0JobU8tSTNWWA?oc=5) · CUInsight
- 2025-11-28 [Vincent Ralph Laporta Obituary Nov 28, 2025 - Altogether Funeral](https://news.google.com/rss/articles/CBMi3gFBVV95cUxPdldIa3hPUXh5Q3d4VnFaeHhrbWdUdGt1ekM5S0dXZUdFZ1c3ZVFuQXlQSnpWdzNwWFhvdnhYWFdsTzh1dThjbUcxalBEcXkxVVUtaExTX3g3VnZ0WUFMNTlydDluSThGR2ZxREpyMGZLUEVVTlNSZmxYUUJLRmJ1YmllLTFpbXVENkhtX05ySnlHbFBHVThNZjNlbGFXcDZBSEdQYU1kR25LLXZPV0h1NEx4NFJNaFJmWGtsS0EwN3lta3FBaGZOYW1TRVgybmtpa21QZm1HM2w4M0tFblE?oc=5) · Altogether Funeral
- 2026-09-03 [HIGH NOTES: Backpacks and fun for school kids, help for crash victim family, grant for kids' health - The Daily Gazette](https://news.google.com/rss/articles/CBMirwFBVV95cUxQSVA4WmZGWjBDYkNUUFE1SGhpLUlzMUtVRjNTZVNrSFdIYjgzTVhnMDJ6aUotNk9XaGxPWnBZX294UzltenNQdXRLZ0lYVl9ab0VTNVNLb2hLVlpSU1FodUIwOU1DZGp6RzdTWllhOXBCMHYxNEx6S3BkZHhrRHgtdnhBOG9HMFF3aXkwbzZPb1RVZndBb3NsZWNyRElzT1pKNUYzRmZEUVUtSm1XaWxF?oc=5) · The Daily Gazette
- 2024-08-02 [11 CFO-focused events still to come in 2024 - CFO.com](https://news.google.com/rss/articles/CBMilwFBVV95cUxOQ2Y5WjJrcUVUdzhHY3dwb21WXzBnZE9GVjVrSHM4M2hXOGt2ODl5bzdYM0VlTzRvZnlJdFZiMTFiZkJIcGY1TENxaDRzSDhkV3FaTF96NHN4S0pZY1hpVlI1a21HZkY2WHN4OTRlVEZHOHp3eTBPVVVBcXhTRmV6TWJMSUpKNF95Q01weEppNDhOeVNmZ0Rj?oc=5) · CFO.com
- 2023-06-16 [Post offices, DMV, banks: What will be open and what will be closed on Juneteenth? - Lohud](https://news.google.com/rss/articles/CBMixAFBVV95cUxQNWVNczR3QmtxYk56LVZnMmRLS2hJaEtoRUxSMjVIRjRpNTllRG83Q0I1OWpfb0prMFowdTd5OVl5Qzl5UDE5Ml9GOUVzZERMclk2ODEwQXpZRno0ZzZ1MTBuZUh3cXc0X2FzMElnNnp6ZFNsNlBIdGI0dldmbFNHVm42VFZFc3NudGpNNlFlSXMtWmR3b2FsUWlYbVpac0RwTDJSb3VKX2RnTU53RkNJRUdZTEdMb2dKTUw0RFFSREI5aF90?oc=5) · Lohud
- 2023-12-07 [Francis G. "Frank" DeRosa - legacy.com](https://news.google.com/rss/articles/CBMigwFBVV95cUxOR2JYazU3aEh2cnlpb1RfVlkzN19wcEkzS3MxeXRRUTUxb2o2V0xPaVNOYkxrZlVLZFhRY0o3RHhNT1BlLUhPSTg0TmNFc2drV1JESEU0QmJLZF9IZmJvdmN1QUU4ZnZFRGxwYXFNMkhxWXNlX1EyTmJxV2NfOGRjeGdvQQ?oc=5) · legacy.com
- 2023-07-28 [CFO Annual conferences and events tracker - CFO.com](https://news.google.com/rss/articles/CBMie0FVX3lxTE5ZNnNmYU4xTEFrZ3hWZ2FleVB1TDhNYW9wNzV1VmhsX0gyZlRoc0x1QmY3THduTlQ4b202U196NHJyNm94cXJjck5XQk5RNXkwd0xZSnlMQXM2NXV2cWQ0TkY5NGV6alJRVFZaRGctd1NZLUdfdG5Nc29FTQ?oc=5) · CFO.com

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=21012 (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/20.json (key "21012", 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=21012
- 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.

---
Rendered 2026-09-10 from the desks' own data files. Full guide: https://getbookiq.com/guide