# FIRST CENTURY
SIOUX FALLS, SD · NCUA charter 275 · asset band <$50M · latest filing 2023-06 · stopped filing after 2023-06 (departed; for a credit union that is almost always a merger)
Share link (named URL with a preview card): https://getbookiq.com/cu/first-century-275

Who the members are: federal charter, multiple common bond, organized 1935. 1,510 members of 6,000 potential (25.2% of the field); checking penetration 62% (share draft accounts per 100 members); loans per 100 members 43.

**Verdict on the desk:** this could be *liquidity-rich*. 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 | $28.5M |
| Members | 1,510 (-0.5% YoY) |
| Full-time staff | 6 |
| Net worth | $3.8M |
| Net worth ratio | 13.4% (p54 of band) |
| ROA (annualized) | 1.45% (p87 of band) |
| Total delinquency | 0.77% (p59 of band) |
| Net charge-offs (annualized) | 0.10% (p54 of band) |
| Loans / shares | 55% (p46 of band) |
| Cash / assets | 17.7% |
| Borrowings / assets | 0.00% |
| Net interest margin | 3.33% (p52 of band) |
| Operating expense / assets | 2.39% (p25 of band) |
| Vehicles % of loans | 28% (p15 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 0% |
| Third-party paper % of net worth | 0% (p43 of band) |
| Vehicle delinquency | 0.76% (p64 of band) |
| Vehicle NCO | 0.04% (p65 of band) |
| Repossessed % of vehicle book | 0.51% (p98 of band) |
| Real estate % of loans | 9% |
| Credit cards % of loans | 1% |
| Unsecured % of loans | 1% |
| Commercial % of net worth | 176% |
| Core shares % of member funds | 61% |
| Certificates % of member funds | 10% |
| Average share balance | $8,914 |
| Participations bought / yr | $0 |
| Participations sold / yr | $0 |
| Participations outstanding | – |
| Loans outstanding per 100 members | 43% |
| Loans granted per 100 members, annualized | 15% |
| Average loan balance | $20,633 |
| Loans granted, annualized | $5.1M |

## Flags firing in the latest filing

- **delinquency rising** (`aq_dq_rising`)
- **repo signal** (`aq_repo`)
- **assets shrinking** (`shrink_assets`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 0 |  |  |
| 2016-06 | 0 |  |  |
| 2016-09 | 1 | repo signal |  |
| 2016-12 | 1 |  |  |
| 2017-03 | 3 | delinquency 2x band, delinquency rising |  |
| 2017-06 | 3 |  |  |
| 2017-09 | 1 |  | delinquency 2x band, delinquency rising |
| 2017-12 | 2 | members leaving |  |
| 2018-03 | 2 |  |  |
| 2018-06 | 2 |  |  |
| 2018-09 | 3 | delinquency 2x band, delinquency rising | members leaving |
| 2018-12 | 2 |  | delinquency 2x band |
| 2019-03 | 3 | margin squeeze |  |
| 2019-06 | 2 |  | margin squeeze |
| 2019-09 | 4 | delinquency 2x band, members leaving |  |
| 2019-12 | 4 |  |  |
| 2020-03 | 4 | net worth falling | members leaving |
| 2020-06 | 5 | margin squeeze |  |
| 2020-09 | 3 |  | delinquency rising, net worth falling |
| 2020-12 | 3 |  |  |
| 2021-03 | 4 | net worth falling |  |
| 2021-06 | 2 |  | delinquency 2x band, net worth falling |
| 2021-09 | 2 |  |  |
| 2021-12 | 2 |  |  |
| 2022-03 | 2 | charge-offs p90 | margin squeeze |
| 2022-06 | 1 |  | charge-offs p90 |
| 2022-09 | 1 |  |  |
| 2022-12 | 3 | delinquency 2x band, delinquency rising |  |
| 2023-03 | 4 | assets shrinking |  |
| 2023-06 | 3 |  | delinquency 2x band |

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

- 2023-05-23 [Credit unions to merge - SiouxFalls.Business](https://news.google.com/rss/articles/CBMiYEFVX3lxTE5EeDIzSFlHdzhlMDZEY2ZmZXI2S1g5dmI1aUpXcjdrOUxQVGE1enN1SnB5b1kzNE5ybUQ2UXNrazZTNmdZc0lBVzgydTV5MUlFX0pUU09nSE84S243SXBTRg?oc=5) · SiouxFalls.Business
- 2023-05-24 [Voyage and First Century Credit Union announce intent to merge - KELOLAND.com](https://news.google.com/rss/articles/CBMipwFBVV95cUxOS1FVOFljLTFrZUUwRjlGbWQxWXhXVVIxTS1wN0UyRzRqT05WZlI3QXUyRm93X05KVXpUNFJ1Qk14cExLY1dvOHF2aWRwbVY3M0dEekhWeVNiVV91NFRXRzV0clNpN1FyWDE3OTVueVFnYzU3MmdXQWo3a0tzQ05Ud0QwNWQzdHc0dklyU1c5dW1aT0Rha0ZBN21FS1hlUWE0ei1DNndjZ9IBrAFBVV95cUxOYWJRN0dTZEk4QUJybnFvQ2RLV29zMlJ5dm9rWTdzTWo1N3F3T21oQXdadldpZEJSQU1uS294NkFvb2VTU0NVbDQ2c0RhN2dmeGVrbWVoQnBLbjdFM2F0S21XdU9CQ0dDdzExVnZGWjNiVXBIQmNIV0NXNmV5aFdRNTU5Z1RVT04xNm5OZDgyWDJzalBpWEtiX0VKdGxmNDlUZHhGXzZvblZvaGJo?oc=5) · KELOLAND.com
- 2026-08-16 [Lynette A. Anderson Obituary Apr 13, 2008 - Miller Funeral Home](https://news.google.com/rss/articles/CBMiYkFVX3lxTE83Z21qcFFNYlpZTC1lN1dTRDU1clpGSUJpQlA4eklsSlRfUHo2Y3NHVXdDRlE5Z3RybHNkNXJkSDRialZVTWZfVnMybmxNR2NCRFNFaTJZdTRVM2IwNTdZVFBn?oc=5) · Miller Funeral Home
- 2023-02-28 [Richard "Dick" DeVaney Obituary - Argus Leader](https://news.google.com/rss/articles/CBMiXEFVX3lxTFBvRkwzZnFQVF9LRXYtci1HYmktRGZTdFF5cXJoZ0Z0TzItNElsWmF6dS0xc0JxdmE2T3VsVk9yZjFIajdWeHBHZGYyalowaUo2UmlYYkhUOG5ZNGNV?oc=5) · Argus Leader
- 2021-09-14 [Loren Roger Foss Obituary Sep 14, 2021 - Miller Funeral Home](https://news.google.com/rss/articles/CBMiWkFVX3lxTFBqZlFUVHBVYkw5dTJ6Wk5JTGszQXpOdmVra3drUDRiUi1HV3VFVkxRWU05RFZVQXJKWFQ1cm04NVFxUE9tRFhqd0hrb3MyT1lkZzVUMUxYS29OUQ?oc=5) · Miller Funeral Home
- 2017-08-17 [Heartland Data Breach Update: Thousands of Institutions Impacted - BankInfoSecurity](https://news.google.com/rss/articles/CBMiogFBVV95cUxNWVEyRWhPeVlpYXZaX19sN1VhVk5zZ1RJb2xUMlNFUmhWdnU2c1NxVXRJcVBxYTJXM0ptVjFreVRaQjJQNkdoQmFKWmQxU3ZNMU5ROGRsbVVreFdIeUhHMmEwSjdnaHVoaDd3ZmhWQmdDX1huU3UyeFlYakxsMW1DTEJEMmVsR3BLelpjd0xENjB1eFBqOXFFcFdtc1lqVE44YlE?oc=5) · BankInfoSecurity
- 2018-10-02 [Here are all of the banks that currently support Apple Pay - iMore](https://news.google.com/rss/articles/CBMid0FVX3lxTE9ZY3JkQUdrNTNjWmMzVFk2QXBlWExaRnI3bjVsQ28wVlFRWUc5TEVWMm5TWkZ6RmtKTTNZRUhKbExyS25yb2pnRTc5VklBeW13Mzk0aU9MWVNGbHpiMDJUM1pfOVFvdFhCdGpNLUJQVG9ybXYzNlc4?oc=5) · iMore
- 2014-05-30 [Paul Arthur Harris Obituary May 30, 2014 - Miller Funeral Home](https://news.google.com/rss/articles/CBMiW0FVX3lxTE5YRWpURUgyZ3Z5dVY2TjFXeUZwVU5oc2dfVE5xbGlOVmdUVVNCWURCRlNVdVE4aV80VDZEaV9MbTRReFlMbTFWYktISE5vZm1TcUNpZmgyempUX0U?oc=5) · Miller Funeral Home

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=275 (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/19.json (key "275", 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=275
- 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