# FIRST
Hiawatha, IA · NCUA charter 24673 · asset band $100-200M · latest filing 2026-03 · live
Share link (named URL with a preview card): https://getbookiq.com/cu/first-24673

Who the members are: federal charter, community charter, organized 1926. 10,057 members of 313,009 potential (3.2% of the field); checking penetration 45% (share draft accounts per 100 members); loans per 100 members 41.

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

## What the filing shows

| Measure | Value |
|---|---|
| Total assets | $177.4M |
| Members | 10,057 (-5.4% YoY) |
| Full-time staff | 25 |
| Net worth | $12.9M |
| Net worth ratio | 7.3% (p2 of band) |
| ROA (annualized) | -0.59% (p3 of band) |
| Total delinquency | 0.71% (p57 of band) |
| Net charge-offs (annualized) | 0.48% (p64 of band) |
| Loans / shares | 92% (p94 of band) |
| Cash / assets | 6.0% |
| Borrowings / assets | 5.80% |
| Net interest margin | 2.28% (p3 of band) |
| Operating expense / assets | 3.24% (p35 of band) |
| Vehicles % of loans | 17% (p16 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 54% |
| Third-party paper % of net worth | 100% (p70 of band) |
| Vehicle delinquency | 1.78% (p88 of band) |
| Vehicle NCO | 2.65% (p95 of band) |
| Repossessed % of vehicle book | 0.00% (p32 of band) |
| Real estate % of loans | 78% |
| Credit cards % of loans | 1% |
| Unsecured % of loans | 2% |
| Commercial % of net worth | 15% |
| Core shares % of member funds | 29% |
| Certificates % of member funds | 43% |
| Average share balance | $9,614 |
| Participations bought / yr | $0 |
| Participations sold / yr | $0 |
| Participations outstanding | $296,428 |
| Loans outstanding per 100 members | 41% |
| Loans granted per 100 members, annualized | 6% |
| Average loan balance | $33,608 |
| Loans granted, annualized | $17.4M |

## Participation posture (from the same filings)

Bought $0 and sold $0 in the latest annualized quarter; $296,428 outstanding purchased (2.3% of net worth), $762,900 sold and retained. Sold in 0 and bought in 0 of the last 8 quarters. Shares -3.5% year over year.

## Flags firing in the latest filing

- **thin capital** (`cap_low`)
- **net worth falling** (`cap_falling`)
- **losing money** (`earn_negative`)
- **assets shrinking** (`shrink_assets`)
- **members leaving** (`shrink_members`)
- **leaning on borrowings** (`str_borrowings`)
- **3rd-party paper>100% NW** (`str_thirdparty`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 2 | loans>95% of shares, leaning on borrowings |  |
| 2016-06 | 2 |  |  |
| 2016-09 | 2 |  |  |
| 2016-12 | 2 |  |  |
| 2017-03 | 3 | delinquency 2x band |  |
| 2017-06 | 2 |  | delinquency 2x band |
| 2017-09 | 3 | members leaving |  |
| 2017-12 | 3 |  |  |
| 2018-03 | 5 | net worth falling, delinquency 2x band |  |
| 2018-06 | 4 |  | delinquency 2x band |
| 2018-09 | 3 |  | members leaving |
| 2018-12 | 3 |  |  |
| 2019-03 | 3 |  |  |
| 2019-06 | 5 | thin capital, delinquency rising |  |
| 2019-09 | 4 |  | delinquency rising |
| 2019-12 | 5 | 3rd-party paper>100% NW |  |
| 2020-03 | 5 |  |  |
| 2020-06 | 4 |  | net worth falling |
| 2020-09 | 6 | delinquency 2x band, delinquency rising |  |
| 2020-12 | 6 |  |  |
| 2021-03 | 5 |  | delinquency rising |
| 2021-06 | 5 |  |  |
| 2021-09 | 4 |  | thin capital |
| 2021-12 | 4 |  |  |
| 2022-03 | 5 | charge-offs p90 |  |
| 2022-06 | 6 | thin capital, net worth falling | charge-offs p90 |
| 2022-09 | 5 |  | net worth falling |
| 2022-12 | 5 |  |  |
| 2023-03 | 6 | net worth falling |  |
| 2023-06 | 5 |  | net worth falling |
| 2023-09 | 8 | losing money, margin squeeze, members leaving |  |
| 2023-12 | 8 | net worth falling | margin squeeze |
| 2024-03 | 8 |  |  |
| 2024-06 | 7 | assets shrinking | delinquency 2x band, net worth falling |
| 2024-09 | 7 |  |  |
| 2024-12 | 10 | net worth falling, delinquency 2x band, loan book shrinking |  |
| 2025-03 | 7 |  | loans>95% of shares, delinquency 2x band, loan book shrinking |
| 2025-06 | 8 | delinquency 2x band, delinquency rising | net worth falling |
| 2025-09 | 7 | loans>95% of shares | delinquency 2x band, delinquency rising |
| 2025-12 | 7 | net worth falling | loans>95% of shares |
| 2026-03 | 7 |  |  |

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

- 2026-09-08 [54 Credit Union Leaders Earn CUDE Designation - cutoday.info](https://news.google.com/rss/articles/CBMiigFBVV95cUxOZVpnbEstUFVkSDRERlRkaWlLX240b3pWSm1DMTN4VW83REFRZzFMU2w5eDcxSGVhRVdnSlk1c3pMcmJtWk5OeUVvb0tLMWVoT3FRNElON1pPM21aZGR0eEI0SWhUY0wtN0lSSDFsSmJBcDQxenBmZFJSbzhNT2tmTFdZTXphWUZtN0E?oc=5) · cutoday.info
- 2026-06-29 [20 Largest Credit Unions in America | Banking Advice | U.S. News - U.S. News & World Report](https://news.google.com/rss/articles/CBMigAFBVV95cUxPTGo3NzJqcExQdW1NT240R08xaGVXT1pFZHBGS29RSG9UaUJQaWkxV3RrbEZheE5jWjRlUmp0am5oQ3V6SFh6U2lIQ2NvaWtKTnhsNko2TU0zYXRhWUFEb0ZBUWFJUkxYWlQ4eVBTWHFmNjZkbW1QOXg1VnBDbExpWA?oc=5) · U.S. News & World Report
- 2026-08-04 [Community First Credit Union’s $1 million pledge brings hope after tornado - WLUK](https://news.google.com/rss/articles/CBMi4wJBVV95cUxOemN5dkdqanBZVDZHeGlJMXBNYUoxV2ZYQXV2VW81RTZjYTBIUHoxRGN4Z2RyRHQ0NDBwWEhvem9YaUhNMTRWZ2xQRnhNWC16UUJSUlNWWEhFQ3U2eW4tMXJOR2dTd0tVc1Jzd3NxOG5aN2M4c2xnNW9fRnFqVk1aVGJJdUQ0Z0pYeW41Smk1ZkI3OFhfREFaVlkyUlpveE1sZ3RPMEpFbVVLOUVSd0ZTVVlnc0pUUlF4bDh5Mk5nOWVJeGp0bDE0MjdzSWR6RTNjMkNFR2prNTBuQ3ZCcXU3Y3c1a09QN0tTemtxRjR4cWNleHhoSzFwel9CM3hYNUJxaEhBSXB4RnlUQ2kxdVYxUncwY0l3ZHdUR1JWZWVpY0NGOXRtRzU3ZzlWYkFxb1Z0a1IxbG1hQUtaTEpFbWdhSlhGQWhkT0RBT01rTzhoWV8yNXVaY1MyWGQxbWc0d1Jva2Nz?oc=5) · WLUK
- 2026-06-01 [1ST Gateway Credit Union bringing “Credit Union Kicks” to all Clinton elementary schools this fall - Clinton Herald](https://news.google.com/rss/articles/CBMinAJBVV95cUxNX3RmRFBrUU0zQjJQMEI4RWoyUm5CazRtTDYtOElrWnRJOEtUVnFhRndxb3N5bEF2RjhPVEFZMFhGdTUzYmh0by1BckU3Tm9BalpvVjY3cWcwakYwTmZUOEdYemphMDhnampNMnhyQ0V3UlF2c3FFbFlPUXl5MFU2LVN1S2pGbzVaUkVWZ2RGd01vOUFyS1JYamtoYjhTOGlhazhnMXRoVFVzNklBVWJzcDNfTkVneU5KSWJUTnNuUjJEZGlBZ2FjUEk5SE5Mb0lURHRMelJSaXlkTWs4Rk1mNF9YSElFY1VMTGNIRTVGT1Rfd2twMW1ReXRaQWt3d0RWTVFCenBxeWtGR1dRWXdaUnlKUXRWY1JQOTQ5QQ?oc=5) · Clinton Herald
- 2026-03-18 [Members First Credit Union breaks ground on Bay City branch - MLive.com](https://news.google.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?oc=5) · MLive.com
- 2025-12-03 [Marquis data breach impacts over 74 US banks, credit unions - BleepingComputer](https://news.google.com/rss/articles/CBMiqgFBVV95cUxNN25wV2ZwYk9ESjhEMGdsY1N4dXdSV2FBTUo2R21EX0JoODBvWlhTcVJ3TmtDdW5veDVucFZwS0V2M0Z5VGJsLVQ3MDJWQUpISFgtb1p6aWI0ZnE2MVdjTU8xXzZuclIwQ3ZGRVBCYl9jWXJjeURoNW9UM2hHay1uOElZSENqalFVWndUYV9xUjRnQ284QkpDSnJZNENHOHRfMnhDSnlSbXRzQdIBrwFBVV95cUxPNWZVaVhpYWZHQmVuT1ZWMUt1eTN6VjE1YnE5VC1wWWo0UE4xUG1BSmduNnBZckhtZE5ZTUFkQjdXa3dQS21JMHlIc015cEhsdkVfRzRsSU9YN3owcWFOcWNQQWJTcmxLcjJlYnRUYkd5UFBVclVVODdhVGQ0RTZVZjJDZlpiUWNQWjllcDBVcFQ0WW9qQ1dNNVY2TDNDeS11cU0xN2lNNHdnSG5mckE0?oc=5) · BleepingComputer
- 2021-11-18 [2021 Crystal Performance Awards Show Pandemic Resilience Among Credit Unions - Fiserv](https://news.google.com/rss/articles/CBMixAFBVV95cUxNX3pLYXJNeWI0ck0wTnJNcElTbVU2ZzB1VF9zVEJ5YlFKelQ1dE84VE1nU2ZydXU0Y3ZVZENybXpFQjNSY3VKN2RHODE1OXl1dDRzUUNzQmo3N1diNWR4YnFILXlhWE1jcVJ4N3cwWGh5bWNBQkRmNVJHaWttSHYwMkIyUUFNTTlPUUFWc3RhLVRvaHF1VkQ5UFVxVGZtUWJEd0lXNUJQbXhDYnpKRXZqVnVMSnVieEM5NkowRTZXRjU2NVdW?oc=5) · Fiserv
- 2025-10-07 [Regional Banks, CUs: 3 Proven Strategies to Drive Growth - Resourceful Finance Pro](https://news.google.com/rss/articles/CBMifEFVX3lxTFAxR0V1c1lIRy1GXzQtSGNTNk9EM3N6NjM2M3FzT0p2b2hTUDc2aEw2NVR2Z0lUaDBUYXRTckJsanRGWXdsenQ1SnU3SEw3bldSSWhEcmNqLWdMMVNIM3R1Sks5a2FoZy0xTkpoUkVOaVJISDFDd01PR3IzM3I?oc=5) · Resourceful Finance Pro

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=24673 (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/33.json (key "24673", 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=24673
- 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