# FINANCIAL 1ST
WILLIAMSPORT, PA · NCUA charter 22934 · asset band <$50M · latest filing 2020-03 · stopped filing after 2020-03 (departed; for a credit union that is almost always a merger)
Share link (named URL with a preview card): https://getbookiq.com/cu/financial-1st-22934

Who the members are: federal charter, multiple common bond, organized 1978, low-income designated. 1,037 members of 114,884 potential (0.9% of the field); checking penetration 45% (share draft accounts per 100 members); loans per 100 members 48.

**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 | $3.7M |
| Members | 1,037 (-10.8% YoY) |
| Full-time staff | 2 |
| Net worth | $300,310 |
| Net worth ratio | 8.1% (p8 of band) |
| ROA (annualized) | -1.05% (p8 of band) |
| Total delinquency | 0.25% (p28 of band) |
| Net charge-offs (annualized) | 1.91% (p93 of band) |
| Loans / shares | 79% (p78 of band) |
| Cash / assets | 22.8% |
| Borrowings / assets | 0.00% |
| Net interest margin | 4.55% (p86 of band) |
| Operating expense / assets | 6.16% (p93 of band) |
| Vehicles % of loans | 74% (p80 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 0% |
| Third-party paper % of net worth | 0% (p45 of band) |
| Vehicle delinquency | 0.27% (p41 of band) |
| Vehicle NCO | 0.00% (p33 of band) |
| Repossessed % of vehicle book | 0.00% (p44 of band) |
| Real estate % of loans | 0% |
| Credit cards % of loans | 11% |
| Unsecured % of loans | 26% |
| Commercial % of net worth | 0% |
| Core shares % of member funds | 100% |
| Certificates % of member funds | 0% |
| Average share balance | $1,950 |
| Participations bought / yr | $0 |
| Participations sold / yr | $0 |
| Participations outstanding | – |
| Loans outstanding per 100 members | 48% |
| Loans granted per 100 members, annualized | 8% |
| Average loan balance | $5,361 |
| Loans granted, annualized | $1.1M |

## Flags firing in the latest filing

- **thin capital** (`cap_low`)
- **net worth falling** (`cap_falling`)
- **losing money** (`earn_negative`)
- **expense trap** (`earn_opex`)
- **charge-offs p90** (`aq_nco_high`)
- **assets shrinking** (`shrink_assets`)
- **members leaving** (`shrink_members`)
- **auto monoline** (`str_vehicle`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 3 | losing money, expense trap, delinquency 2x band |  |
| 2016-06 | 3 | charge-offs p90 | delinquency 2x band |
| 2016-09 | 4 | net worth falling |  |
| 2016-12 | 4 |  |  |
| 2017-03 | 6 | thin capital, members leaving, auto monoline | charge-offs p90 |
| 2017-06 | 4 |  | net worth falling, members leaving |
| 2017-09 | 5 | margin squeeze |  |
| 2017-12 | 6 | delinquency rising, members leaving | margin squeeze |
| 2018-03 | 6 |  |  |
| 2018-06 | 7 | net worth falling, charge-offs p90 | delinquency rising |
| 2018-09 | 5 |  | net worth falling, charge-offs p90 |
| 2018-12 | 5 | assets shrinking | members leaving |
| 2019-03 | 5 |  |  |
| 2019-06 | 4 | net worth falling | losing money, assets shrinking |
| 2019-09 | 7 | losing money, delinquency rising, assets shrinking, members leaving | net worth falling |
| 2019-12 | 6 |  | delinquency rising |
| 2020-03 | 8 | net worth falling, charge-offs p90 |  |

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

- 2020-05-01 [Williamsport credit unions announce merger - NorthcentralPA.com](https://news.google.com/rss/articles/CBMizAFBVV95cUxQOG1UNnJkZmJSX0loTzdmZFlZdi1KekdMV1BVMUZoUUxLWGYxMUZTQmVocFFCN3VuWC0zclJKRGltSzlqSWFLcllPWmw5MnFsMjVyN2hCa2o5UzZpRUdBRXNlME5VWkpmeHRSM2ZvYWhLd012ZXlyY0JzOU1LazhIVFJ3LWRnWTEtU0xQSjF2dXFmV0o2YzNsa2ZOS2JqeDF2ZkgxQjBiTWwwZmYyWmYtaVFibTgyeFVjZkNtOU80SGh1TVlBVUJoeGYyc0U?oc=5) · NorthcentralPA.com
- 2019-05-30 [35 School-to-Work Students from Williamsport Area High School Honored at Annual Event - NorthcentralPA.com](https://news.google.com/rss/articles/CBMigAJBVV95cUxPOXhLY0N3QmliZkliclVzMjBSME5CNUhFU25yQ2pKXzJKNlJnbGs0cS1ocjdKX0s4SmRKR0lzLUtVd1ppMTN2b19TdmlUOTNwSlhYa3lQUE5nOE9EdVc3bE5ZN3FPbjRyU0xJSDJnOVRoOWk2aTYySm1jRWc4elV6dURVYUJVZ2phTlllbmhDODNBVDBuZjQ1SFBUcnlFVXF0TVhmTHlOcnpIQ1NKTkZzQ19qS0hsR3RTdnQ0XzhRMXE4T0lBOUR4blRGMmNyRUJiTy1vMVFPN1l0TUVYZTFPbC1ucmszRVJDQ1RNVjloYnpuaFlWbHVzdzFfYzZLd1ZK?oc=5) · NorthcentralPA.com

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=22934 (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/22.json (key "22934", 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=22934
- 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