# EDUCATION FIRST
Beaumont, TX · NCUA charter 24470 · asset band $500M-1B · latest filing 2026-03 · live
Share link (named URL with a preview card): https://getbookiq.com/cu/education-first-24470

Who the members are: federal charter, multiple common bond, organized 1952, low-income designated. 32,587 members of 463,359 potential (7.0% of the field); checking penetration 84% (share draft accounts per 100 members); loans per 100 members 76.

**Verdict on the desk:** this could be *indirect buyer*. Composite score 3 of 18 (one point per flag across 17 flags, capital below 7% counted twice).

## What the filing shows

| Measure | Value |
|---|---|
| Total assets | $589.9M |
| Members | 32,587 (0.2% YoY) |
| Full-time staff | 141 |
| Net worth | $52.0M |
| Net worth ratio | 8.8% (p17 of band) |
| ROA (annualized) | 0.68% (p55 of band) |
| Total delinquency | 0.54% (p45 of band) |
| Net charge-offs (annualized) | 1.19% (p93 of band) |
| Loans / shares | 65% (p16 of band) |
| Cash / assets | 8.6% |
| Borrowings / assets | 0.00% |
| Net interest margin | 3.58% (p61 of band) |
| Operating expense / assets | 4.24% (p80 of band) |
| Vehicles % of loans | 40% (p72 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 51% |
| Third-party paper % of net worth | 153% (p64 of band) |
| Vehicle delinquency | 0.78% (p65 of band) |
| Vehicle NCO | 1.77% (p79 of band) |
| Repossessed % of vehicle book | 0.06% (p53 of band) |
| Real estate % of loans | 34% |
| Credit cards % of loans | 5% |
| Unsecured % of loans | 12% |
| Commercial % of net worth | 46% |
| Core shares % of member funds | 51% |
| Certificates % of member funds | 27% |
| Average share balance | $7,283 |
| Participations bought / yr | $0 |
| Participations sold / yr | $0 |
| Participations outstanding | $22.7M |
| Loans outstanding per 100 members | 76% |
| Loans granted per 100 members, annualized | 26% |
| Average loan balance | $14,339 |
| Loans granted, annualized | $118.0M |

## Participation posture (from the same filings)

Bought $0 and sold $0 in the latest annualized quarter; $22.7M outstanding purchased (43.7% of net worth), $0 sold and retained. Sold in 0 and bought in 7 of the last 8 quarters. Shares -3.8% year over year.

## Flags firing in the latest filing

- **thin capital** (`cap_low`)
- **charge-offs p90** (`aq_nco_high`)
- **3rd-party paper>100% NW** (`str_thirdparty`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 1 | delinquency 2x band |  |
| 2016-06 | 1 |  |  |
| 2016-09 | 1 | charge-offs p90 | delinquency 2x band |
| 2016-12 | 1 | delinquency 2x band | charge-offs p90 |
| 2017-03 | 0 |  | delinquency 2x band |
| 2017-06 | 1 | net worth falling |  |
| 2017-09 | 1 |  |  |
| 2017-12 | 1 |  |  |
| 2018-03 | 3 | losing money, margin squeeze |  |
| 2018-06 | 0 |  | net worth falling, losing money, margin squeeze |
| 2018-09 | 0 |  |  |
| 2018-12 | 0 |  |  |
| 2019-03 | 0 |  |  |
| 2019-06 | 0 |  |  |
| 2019-09 | 0 |  |  |
| 2019-12 | 0 |  |  |
| 2020-03 | 3 | net worth falling, losing money, margin squeeze |  |
| 2020-06 | 5 | delinquency rising, members leaving |  |
| 2020-09 | 3 |  | losing money, delinquency rising |
| 2020-12 | 2 |  | members leaving |
| 2021-03 | 2 | expense trap | margin squeeze |
| 2021-06 | 0 |  | net worth falling, expense trap |
| 2021-09 | 0 |  |  |
| 2021-12 | 0 |  |  |
| 2022-03 | 2 | charge-offs p90, members leaving |  |
| 2022-06 | 6 | net worth falling, delinquency rising, leaning on borrowings, 3rd-party paper>100% NW |  |
| 2022-09 | 4 |  | charge-offs p90, net worth falling |
| 2022-12 | 4 | delinquency 2x band | members leaving |
| 2023-03 | 7 | thin capital, net worth falling, losing money |  |
| 2023-06 | 6 |  | net worth falling |
| 2023-09 | 4 |  | delinquency 2x band, thin capital |
| 2023-12 | 4 | thin capital, members leaving | delinquency rising, losing money |
| 2024-03 | 7 | net worth falling, losing money, delinquency 2x band |  |
| 2024-06 | 7 | delinquency rising | net worth falling |
| 2024-09 | 7 |  |  |
| 2024-12 | 8 | net worth falling, assets shrinking | members leaving |
| 2025-03 | 6 | charge-offs p90 | leaning on borrowings, delinquency 2x band, delinquency rising |
| 2025-06 | 6 |  |  |
| 2025-09 | 5 |  | net worth falling |
| 2025-12 | 3 |  | losing money, assets shrinking |
| 2026-03 | 3 |  |  |

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

- 2026-07-08 [A+ Federal Credit Union partners with Dream Publishing to bring financial education resources to Central Texas - CUInsight](https://news.google.com/rss/articles/CBMi5AFBVV95cUxNUEdzVGpEblNuaGZ3VDNQZVlRVWhKUGM1WHNDN2ZFcmVqN2tJMUliSmo4aUJKb0NpVVlKNktjaVFuNzRyRG5XWXdjcjd3WjE4c2p3TWttck5ybHVfdERrWUY3bEo2Y09KNVBVdFhYNXI4Ri1MNzM5blh2bkI2eGNLb3JLQmxLaFQ1bHpyYlNIMjBtVzBWZTBuaWM5MkFHZTh2cFVyS2dHMG1ER1YzZURGd1EtSlJSNy12bU54cUZ5UWZBd1d4RmxxZGIzM19NYUhCSzVNc3ZIX3lkV2FTYnFBN3I0YXA?oc=5) · CUInsight
- 2020-08-20 [New leadership in place at Education First FCU - American Banker](https://news.google.com/rss/articles/CBMimwFBVV95cUxNSVlzbHowTnNfMmF4RVpuTmtwd21QbVdxQk95S0lWY2E2SWtOa21ZR1dtMVY2Wll5REYtb0djdUt0aXdhcHR2eDhWX252OUpPcDFDa0o0bUZlb3dVcW5sSDdsdnZTcTZ3emFqMVM5ck0xODlBQ3VpdzQ4Mjh1UFgwdEM0QWVpcmJkeWdYa0x5emxNUFo0SG0zaURLaw?oc=5) · American Banker
- 2023-07-05 [This Kountze native went from being a full-time teacher to a full-time real estate agent - Beaumont Enterprise](https://news.google.com/rss/articles/CBMirgFBVV95cUxOTU12Um1NbmlLeDc5YTRobGJNQm1NSjJlRG1vMUZNdTJtM2NWc3EtSkV1N1haeWRoNWFVd216UEhxMEFDNEZXM2hwNndDUmRzMTJVd2JuT25aa2FwSW93ZWVRcnRtWi1rUEgtM21VNmliUThYVVdWN2RGRFNEWWR4d2l1SHJTcW5qLVJ2OExJenJrV0lLWkhGdkFEVzlvaWFTai1faWJDaVI2cEU2TEE?oc=5) · Beaumont Enterprise
- 2021-04-15 [Authorities say a Silsbee man used a $50,000 SBA loan for personal expenses - kfdm.com](https://news.google.com/rss/articles/CBMiowFBVV95cUxPNjZEOGE1aDctcVBkTWVZYklvTDBGZTd5ajRocWJSNjB0bmRBY0dVZWRWLXZ5U3JJaU1vTFBzZ0pHYlp4YlcwMDFKbDZEUTZjbXBqTTRRNUNsX1o3cDl3VWVtLXFub0s2Nlc1R2dJekJHdGZTdGwtUEZIcExrWkFSQ2hLYnNONEdfczd4ZXBnWXhvUDlYeTlqZG02QzZsVlpWUGZ3?oc=5) · kfdm.com
- 2025-11-26 [Charlsie Russell Obituary - Beaumont, TX - Dignity Memorial](https://news.google.com/rss/articles/CBMihwFBVV95cUxPMElocUUzc0s3U0tFN0pBN2l2dU00RGphLXV4NmM0SVdEOTkzUGhSbDljaXVVWnNhZkZfMlRwQmcxX3d5azlZdDhFODJjNzc1TkF1YzNyS0txSDJUcTh0b2R4ZmhMVEl0UDlXWGlZTkducE5LZVktSUpac3gwWC1yUUR0Wk1KbWM?oc=5) · Dignity Memorial
- 2025-06-01 [Feds: Gang members in masks robbed Beaumont ATM techs of $300K - 12newsnow.com](https://news.google.com/rss/articles/CBMi-wFBVV95cUxOYndkaDFNUWtCMEtaQVRHVWp4RlNTaU0tN3dYMHBVMjdjSjlweFgzbnFfNHVlbkdHUVlIcjVIRkpIRlFROWIxRmM0OHdyZmxvdmFHcnpLcnU2UGxZRGs2NmVMN25oNnMtYzhNcm5Oc3RFdkRzLVk3TFVvNGk2Rklrd2dHeW9sTFAxTHJyUUhVSGxqeHBzOEpLTFlxcEFDd1M2WW9DNDdVWHBPRS0zSWh0WWY4amJHd0JJWmdKY1RLd09TdXRKc0dpQ2ZkMjVKaTRtWUVTQWFIa1J0bVdrS0hVUHIwamk1U2Y1bTVKMXpaMXRiMlBTZzUyUnZfaw?oc=5) · 12newsnow.com
- 2021-06-24 [McFaddin-Ward House selects new curator - Beaumont Enterprise](https://news.google.com/rss/articles/CBMiogFBVV95cUxNZ2JuZVVybThHMmtHR01GcGRweHdwZTFVNERjem1GcVBHRkRNSlNwRUpwbmk2cUViQnpjblVRZ0h1UktWcmNwZ0Z2MzZTMlFnaHVCblZDZl8yM2ZQTm1PbGVrUDliTlJHVkNOQUI3Q1VITVdIWjdpSFIzMmNLSXhzX1c0M3FlV3JiN3RzX2U5WHhiS25RM3pxVGJ2ZWdHUWpvQXc?oc=5) · Beaumont Enterprise
- 2019-09-23 [How you can help Imelda victims - 12newsnow.com](https://news.google.com/rss/articles/CBMiuAFBVV95cUxOazFDQXJhMGpCWmdoZzZoR1BiZFRKNS1TdmdGN3p0Y2s1QVB2SWstNE4ySkFhcXhnRmdJQm8zeGU3bnVIRFowVnM0am5ES0xZc0RTc05KTy1lZXRtRVh3d0h6RGNBVW9GclZ5TWdxWE52MXVtbUkyMDRfOGxCa3NIWGFHU3YzQ3czaFFyNW9TR2cxa2xUd3BCZ05pbDg0NmFoQkp2dlJ3ODlWTEpMN1ZaekM5bExTYW1h?oc=5) · 12newsnow.com

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=24470 (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 "24470", 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=24470
- 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