# INFIRST
Alexandria, VA · NCUA charter 233 · asset band $100-200M · latest filing 2026-03 · live
Share link (named URL with a preview card): https://getbookiq.com/cu/infirst-233

Who the members are: federal charter, multiple common bond, organized 1935, low-income designated. 14,636 members of 1,000,000 potential (1.5% of the field); checking penetration 45% (share draft accounts per 100 members); loans per 100 members 50.

**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 | $191.9M |
| Members | 14,636 (-1.1% YoY) |
| Full-time staff | 42 |
| Net worth | $19.9M |
| Net worth ratio | 10.3% (p31 of band) |
| ROA (annualized) | 0.13% (p14 of band) |
| Total delinquency | 0.66% (p53 of band) |
| Net charge-offs (annualized) | 0.33% (p50 of band) |
| Loans / shares | 84% (p79 of band) |
| Cash / assets | 9.9% |
| Borrowings / assets | 0.00% |
| Net interest margin | 3.18% (p22 of band) |
| Operating expense / assets | 4.13% (p66 of band) |
| Vehicles % of loans | 22% (p24 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 65% |
| Third-party paper % of net worth | 107% (p71 of band) |
| Vehicle delinquency | 0.58% (p51 of band) |
| Vehicle NCO | 0.60% (p54 of band) |
| Repossessed % of vehicle book | 0.06% (p74 of band) |
| Real estate % of loans | 61% |
| Credit cards % of loans | 6% |
| Unsecured % of loans | 8% |
| Commercial % of net worth | 32% |
| Core shares % of member funds | 55% |
| Certificates % of member funds | 21% |
| Average share balance | $7,151 |
| Participations bought / yr | $0 |
| Participations sold / yr | $0 |
| Participations outstanding | $10.8M |
| Loans outstanding per 100 members | 50% |
| Loans granted per 100 members, annualized | 6% |
| Average loan balance | $19,550 |
| Loans granted, annualized | $21.2M |

## Participation posture (from the same filings)

Bought $0 and sold $0 in the latest annualized quarter; $10.8M outstanding purchased (54.2% of net worth), $8.5M sold and retained. Sold in 0 and bought in 2 of the last 8 quarters. Shares -3.3% 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 | 1 | leaning on borrowings |  |
| 2016-06 | 1 |  |  |
| 2016-09 | 0 |  | leaning on borrowings |
| 2016-12 | 0 |  |  |
| 2017-03 | 1 | delinquency rising |  |
| 2017-06 | 3 | delinquency 2x band, 3rd-party paper>100% NW |  |
| 2017-09 | 3 |  |  |
| 2017-12 | 3 |  |  |
| 2018-03 | 3 | assets shrinking | delinquency rising |
| 2018-06 | 2 |  | assets shrinking |
| 2018-09 | 3 | net worth falling |  |
| 2018-12 | 1 |  | 3rd-party paper>100% NW, net worth falling |
| 2019-03 | 1 |  |  |
| 2019-06 | 2 | net worth falling |  |
| 2019-09 | 1 |  | net worth falling |
| 2019-12 | 1 |  |  |
| 2020-03 | 1 |  |  |
| 2020-06 | 4 | net worth falling, margin squeeze, loan book shrinking |  |
| 2020-09 | 1 |  | delinquency 2x band, net worth falling, loan book shrinking |
| 2020-12 | 2 | members leaving |  |
| 2021-03 | 3 | thin capital, net worth falling | members leaving |
| 2021-06 | 3 | 3rd-party paper>100% NW | margin squeeze |
| 2021-09 | 4 | delinquency 2x band |  |
| 2021-12 | 3 |  | net worth falling |
| 2022-03 | 2 |  | delinquency 2x band |
| 2022-06 | 5 | net worth falling, loans>95% of shares, leaning on borrowings |  |
| 2022-09 | 4 |  | net worth falling |
| 2022-12 | 2 |  | loans>95% of shares, leaning on borrowings |
| 2023-03 | 5 | delinquency rising, assets shrinking, members leaving |  |
| 2023-06 | 5 | loan book shrinking | delinquency rising |
| 2023-09 | 4 |  | members leaving |
| 2023-12 | 4 |  |  |
| 2024-03 | 5 | losing money |  |
| 2024-06 | 3 |  | thin capital, 3rd-party paper>100% NW |
| 2024-09 | 4 | 3rd-party paper>100% NW |  |
| 2024-12 | 2 |  | losing money, 3rd-party paper>100% NW |
| 2025-03 | 3 | 3rd-party paper>100% NW |  |
| 2025-06 | 2 |  | loan book shrinking |
| 2025-09 | 2 |  |  |
| 2025-12 | 2 | delinquency rising | assets shrinking |
| 2026-03 | 1 |  | delinquency rising |

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

- 2022-06-07 [Arlington Credit Union To Merge With Alexandria-Based InFirst FCU - Patch](https://news.google.com/rss/articles/CBMingFBVV95cUxNQ3VpQzhjVVNwalBMOVZjZHQ5cy1BQ2lHdUxPWV9ka2dZWkNGbTgtRl9hUnd3NjYta3NVZVYyWG0xc1YxMkQ0bTVVcDBicEFaMjN3cWxVY0tQWXNwMVI4c1hyTERFRGVBYmlMNlhGOHcwR1ZQMWRYbzdreHlxRU9hQUdzWWRKbVdTR0RIRnh0Q3NfX0JaZWhiSHBFbDctQQ?oc=5) · Patch
- 2020-09-21 [The Best Credit Unions to Work For under $200M in assets - americanbanker.com](https://news.google.com/rss/articles/CBMipwFBVV95cUxQRUFDbm9iTHp6Q2FHWjhVLXNYMU9BeWtlLW9ibnRlTTROSXlxYUpUaTZyQnlTR3o2eWlDRmR0SFNVMVNsa2NCNXVydWFUaWhlT1BTV190NmE3MEg4OFVSOXZuSGxWMEFua1lfQ01aSEFiMW1Ja1U0RFl1ak1DMDlBUWpnQmF5NTBzQ05MZzZGOEVaZWVmY1l6cDhGTjAzN3hkdUgxMklubw?oc=5) · americanbanker.com
- 2026-08-31 [Credit Unions Press Congressional Priorities During August Recess - cutoday.info](https://news.google.com/rss/articles/CBMipAFBVV95cUxOeXZEemZkSmxad0pRa2NmUm5lLTdkcHNzX2ttdmxuS0tSa0R6YU9VQXpJd29BU2EtRDNhVl9fNjZ2elRUMXlMMkJ3YUdqcjZtNVpHVG5qSUZPWU1LVEJxTzB3RXJGMVQ1Y2lzdTRzb0VQbjVxNXNEZWt1cXI5WS1iamVRcjBKQU9WRTV4N1BPV3FaUXdJcWZjbHVmSlFySkp0SzN2Zw?oc=5) · cutoday.info
- 2026-07-29 [Cookout honors first responders - WDBJ7](https://news.google.com/rss/articles/CBMic0FVX3lxTE03SFNUQkdReHNGdGYtc0FzSkM1ejhvT0xWTEdNS0NOTlNTOFlJY2Z5TDcxV2J3Q3B0YnczWVRkdVYtMzFoMWxGUmhxVGpybVNocS1hcXptOHh1MFFLWEdfZTJBME5kT19tdWZpbjEyZmFrUXPSAYcBQVVfeXFMTkEtUUROQXJEVTFYaTlkT0pDaGVLdEhrR1hla0x5TEU3ZDVITHIzbWFZaHJhVlFrSUpJQktZcWVHZlUyc054T0gxSHBCQ1kwcW5kVGZnV1NKcHRQMzBtMjY3Y2JZU1pNNXhBX2FoTWE0R3ltdW44aGE2QkxDREJDcjJjTnRNQXhJ?oc=5) · WDBJ7
- 2026-06-22 [Salem's Popular Summer Movies Series Gets New Home in 2024 - City of Salem, VA (.gov)](https://news.google.com/rss/articles/CBMiX0FVX3lxTE9wYlBGLWQ2aVMzNEFycXRNOVdLb2JzVk4tZ0VKNlFzQi01TUhhejVXV2xnLXlGdGl1UmZxS0I3Y0UyTkg5NVBlcUF3SUZhSDk3NlNyNzk3LXRWUXplSmlB?oc=5) · City of Salem, VA (.gov)
- 2019-01-25 [Credit unions, banks offer shutdown assistance to federal workers - WTOP News](https://news.google.com/rss/articles/CBMiqAFBVV95cUxOUmdNeEFaVmpucHhDZ1RoTmVEZ0lvYi1OUXFkWFZZUFY0Y21uU3gwYy11aGdxVVhVRkdQUzBNWW5YWnpTU0FYTi0tTFBnT1hxbkNiVHlpbG1BaHZ1UC05S0Q2eG85LWxHTWxReGhBczlDdTVieWI0ZEl1UXJLMGFlM01QVWhnYjZsSjRWX1FhMVkzR0dKQXBfN0tLOHNVQU90dVB1QjFDY1g?oc=5) · WTOP News
- 2022-08-19 [‘I am going to blow up Roanoke’: Virginia man faces federal charges for alleged threats - WSLS](https://news.google.com/rss/articles/CBMixwFBVV95cUxNUWFVY0V5dFY1WFQ3eEhDdldmQnZYaDFmRFEwNmd1WEtLMElZTWRiYUFnc2JtUEFPZnVwMmxybnBoUkc4VEQyc0FMazE4YlJtM21sYWJxSFVmR3J0X0xXcDU0cGhRbTBjU2p2aEM0UWc5MVB4a2dJYmFlb0U5VUFKa1ZFRTBEWTA0QXJWZkQyQU5iUjhIeHJST2dpeTl6NnROMGt2WEdhMHh6UlhSb19pcFg2bHVsVGIzcHd1UUt5aFFjTDh6alU4?oc=5) · WSLS
- 2020-09-20 [The Best Credit Unions to Work For - americanbanker.com](https://news.google.com/rss/articles/CBMikgFBVV95cUxQR05ZQlFBMzZiNG5sQjNyRW52UGpwNHJmaHJkWEhZbWNwaEt6eGFveldwdGxBaG9SUVJ6SnQ5dmtBU0VYUUF6TXpReU9FRThnWHdHcUI0X0g5NXBEWlFuSlhONXJ3dVRiRTlOYmdlN0FfU0JfUU9qeDN0dEVFZzhfYXpMN1plWm04dW44MUxfYlJsdw?oc=5) · americanbanker.com

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=233 (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/41.json (key "233", 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=233
- 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