# DESERET FIRST
West Valley Cit, UT · NCUA charter 24708 · asset band $1-10B · latest filing 2026-03 · live
Share link (named URL with a preview card): https://getbookiq.com/cu/deseret-first-24708

Who the members are: federal charter, multiple common bond, organized 1955, low-income designated. 87,493 members of 1,300,000 potential (6.7% of the field); checking penetration 68% (share draft accounts per 100 members); loans per 100 members 67.

**Verdict on the desk:** this could be *indirect buyer*. Composite score 2 of 18 (one point per flag across 17 flags, capital below 7% counted twice).

## What the filing shows

| Measure | Value |
|---|---|
| Total assets | $1.26B |
| Members | 87,493 (5.4% YoY) |
| Full-time staff | 219 |
| Net worth | $104.4M |
| Net worth ratio | 8.3% (p6 of band) |
| ROA (annualized) | 0.95% (p72 of band) |
| Total delinquency | 0.70% (p60 of band) |
| Net charge-offs (annualized) | 0.24% (p19 of band) |
| Loans / shares | 89% (p58 of band) |
| Cash / assets | 7.8% |
| Borrowings / assets | 0.00% |
| Net interest margin | 3.36% (p54 of band) |
| Operating expense / assets | 3.37% (p60 of band) |
| Vehicles % of loans | 21% (p35 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 58% |
| Third-party paper % of net worth | 128% (p46 of band) |
| Vehicle delinquency | 1.44% (p89 of band) |
| Vehicle NCO | 0.71% (p32 of band) |
| Repossessed % of vehicle book | 0.00% (p11 of band) |
| Real estate % of loans | 50% |
| Credit cards % of loans | 3% |
| Unsecured % of loans | 4% |
| Commercial % of net worth | 215% |
| Core shares % of member funds | 40% |
| Certificates % of member funds | 30% |
| Average share balance | $5,807 |
| Participations bought / yr | $0 |
| Participations sold / yr | $111.1M |
| Participations outstanding | $71.8M |
| Loans outstanding per 100 members | 67% |
| Loans granted per 100 members, annualized | 9% |
| Average loan balance | $17,293 |
| Loans granted, annualized | $391.1M |

## Participation posture (from the same filings)

Bought $0 and sold $111.1M in the latest annualized quarter; $71.8M outstanding purchased (68.8% of net worth), $21.2M sold and retained. Sold in 8 and bought in 0 of the last 8 quarters. Shares 5.9% year over year.

## Flags firing in the latest filing

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

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 4 | thin capital, capital below 7%, 3rd-party paper>100% NW |  |
| 2016-06 | 4 |  |  |
| 2016-09 | 4 |  |  |
| 2016-12 | 4 |  |  |
| 2017-03 | 4 |  |  |
| 2017-06 | 4 |  |  |
| 2017-09 | 4 |  |  |
| 2017-12 | 6 | net worth falling, leaning on borrowings |  |
| 2018-03 | 5 |  | leaning on borrowings |
| 2018-06 | 5 |  |  |
| 2018-09 | 4 |  | net worth falling |
| 2018-12 | 4 |  |  |
| 2019-03 | 2 |  | capital below 7% |
| 2019-06 | 2 |  |  |
| 2019-09 | 2 |  |  |
| 2019-12 | 2 |  |  |
| 2020-03 | 2 |  |  |
| 2020-06 | 6 | capital below 7%, net worth falling, margin squeeze |  |
| 2020-09 | 6 |  |  |
| 2020-12 | 5 |  | net worth falling |
| 2021-03 | 5 |  |  |
| 2021-06 | 4 |  | margin squeeze |
| 2021-09 | 2 |  | capital below 7% |
| 2021-12 | 2 |  |  |
| 2022-03 | 2 |  |  |
| 2022-06 | 2 |  |  |
| 2022-09 | 3 | loans>95% of shares |  |
| 2022-12 | 4 | delinquency rising |  |
| 2023-03 | 4 |  |  |
| 2023-06 | 4 |  |  |
| 2023-09 | 3 |  | loans>95% of shares |
| 2023-12 | 4 | loans>95% of shares |  |
| 2024-03 | 2 |  | delinquency rising, loans>95% of shares |
| 2024-06 | 2 |  |  |
| 2024-09 | 3 | delinquency rising |  |
| 2024-12 | 3 | loans>95% of shares | delinquency rising |
| 2025-03 | 2 |  | loans>95% of shares |
| 2025-06 | 2 |  |  |
| 2025-09 | 2 |  |  |
| 2025-12 | 2 |  |  |
| 2026-03 | 2 |  |  |

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

- 2016-06-10 [Deseret First Duel - University of Utah Athletics](https://news.google.com/rss/articles/CBMiZkFVX3lxTFA1U3AyREZTSkZDMnNPWXM5cTFlbmpxSFJSVVZyRnVLOXg4WjZ6dmozQ0dZWTRKYnpUQng2NDVRQ21zRWZZNTlmQnRoeGN0T3VzWnRiMENsWUVLVHlxb2hxVmdaVXpvZw?oc=5) · University of Utah Athletics
- 2026-03-11 [Carol Ann Frazier Mitchell Obituary Mar 11, 2026 - Wheeler & Sundberg-Olpin Funeral Homes - wheelermortuaries.com](https://news.google.com/rss/articles/CBMicEFVX3lxTE1fRk95aVBGN1NsdVZYUExDN1h0MzFGUkxpaVprVEgwTGVPV3dpczZpZkVfQ21fQU9ndjNRcVpRUEJET0RWNmpkWWdlT052eXF3MXBORGNDMnZVMUFaYmZXNVV5andaSHVpN3ItWEswb3I?oc=5) · wheelermortuaries.com
- 2017-08-10 [West Jordan man faces 17th, 18th bank robbery charges - KSL.com](https://news.google.com/rss/articles/CBMioAFBVV95cUxOMlozcm14R3Vaa3FoWjk3OWZSZG92NkltMlYzWXYwSVo2RG5Weks5Ynl4RFdfLUgyWlhyYjNIMnJaeFhlcVpPTmZlLVhzcVpOTU94Sm1tZWVTVTZTd1JWODFoN1ZXdlRaMXY5ZnFfQXBSTm1TaEY1LUhrMEFlbUlfYWM1eGJTV3R4XzZOSDM3ek1SeU43NzJja0djb1BCbmJF?oc=5) · KSL.com
- 2025-07-23 [Jason Matthew Detton Obituary (2025) - Salt Lake City, UT - Independent Funeral Service - Salt Lake City - legacy.com](https://news.google.com/rss/articles/CBMigAFBVV95cUxNdm1jN1gxRzhXMEVZLWdJdnpYT2hrN0FJWU1FV0ZTbDRQUmxUaEw5dTNucUFJSFpjNUF3UzE0TmN5RnVIV3ZBTEZvRTF5RHhIQ2c5b05OdWFyc3ljcnNlSjlFc2ZTZ3F2Y2s3c2hrVU1vaHNwNHZwVlVaelota3lNWA?oc=5) · legacy.com
- 2014-08-01 [Stephen Aldous Obituary - Millcreek, UT - Dignity Memorial](https://news.google.com/rss/articles/CBMihAFBVV95cUxOLXU4X0dUVDRjTXB1cVQ2M3FEWlNOeXYtTC1ha3N3bmVWWl84RTRZY0xxTkJpR2laZTNsUi13VnVFQ2wwUnZQUXBMSV8xVHFTcEYyUW9XWUpjMDExaTM3WjJ2N0FpUGZvSDhDcTdlazhSOE9tdnlIdDNYV3Btek05QWxWZFI?oc=5) · Dignity Memorial
- 2015-05-28 [Charges filed against couple accused of 'skimming' data from Utah ATMs - KSL.com](https://news.google.com/rss/articles/CBMitgFBVV95cUxOX0RseV9jaGpKbEhNUDFNQTJDd2RZa2wxSjZRSlZMLXVoZDk3TjRtZXBuSjJVQWctYnQxd0lLMVA2dHRLckdhZWZ3b2ltOXBKc2lGbDNVZm5hYUoycWgtMlFJZzRuTU1aa0Vsa3VHbHNOblJkdTZSMHRld0M4eG5GMm43QU9JX0hNN3EzbUprWmY3Wi0zbUc5dGdiM1pTQWdsOU4xcUhPLWhfM1ZHZXd5MFdoTFE0QQ?oc=5) · KSL.com
- 2013-09-13 [Michael Woodruff Obituary (1968 - 2013) - Riverton, UT - Deseret News - legacy.com](https://news.google.com/rss/articles/CBMilgFBVV95cUxOS29lR1o5VlNHcGdoNjF3TVRWem5rd01UMkdBd3VxLW9TQzVMejVwZms0YzhpTXJyM3NRQVhMLVZSOUNlbFROWWgwNGtMb3gwb3VVc1FmRnQ1OUNjUnJuU2dpUHBpMWpRa28xUHFCbWZpTWJ5cWd2MWtnU2ZSNFRFRE1YclhaZGM3Zi1rUEtDbHlsTEp3elE?oc=5) · legacy.com
- 2021-10-09 [Frederick Riley Obituary (1948 - 2016) - Salt Lake City, UT - Deseret News - legacy.com](https://news.google.com/rss/articles/CBMilAFBVV95cUxPX1p1UVE2UkdxUno1UU1odWhpT0tlV1NyWEJ3WmNocEoxY24yUmQ0WmlVZEU4eHRxSXpYazdYQ2VuRndLMnZzOGJjNWIwa3p4NkRVYndranI3YXJqV3czOHo0WW5IOGcxOENzNkxGa1hfQmlucWF2VE9mVG1vVlcxaDMyUm1UMzhrWGdKNVlVLVNRLVJ6?oc=5) · legacy.com

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=24708 (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/4.json (key "24708", 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=24708
- 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