# FIRST CHEYENNE
CHEYENNE, WY · NCUA charter 402 · asset band <$50M · latest filing 2017-12 · stopped filing after 2017-12 (departed; for a credit union that is almost always a merger)
Share link (named URL with a preview card): https://getbookiq.com/cu/first-cheyenne-402

Who the members are: federal charter, community charter, organized 1935, low-income designated. 2,950 members of 82,000 potential (3.6% of the field); checking penetration 68% (share draft accounts per 100 members); loans per 100 members 40.

**Verdict on the desk:** this could be *stressed*. Composite score 5 of 18 (one point per flag across 17 flags, capital below 7% counted twice).

## What the filing shows

| Measure | Value |
|---|---|
| Total assets | $28.2M |
| Members | 2,950 (-31.7% YoY) |
| Full-time staff | 11 |
| Net worth | $2.3M |
| Net worth ratio | 8.1% (p11 of band) |
| ROA (annualized) | -0.35% (p15 of band) |
| Total delinquency | 0.69% (p43 of band) |
| Net charge-offs (annualized) | 0.65% (p71 of band) |
| Loans / shares | 62% (p57 of band) |
| Cash / assets | 10.5% |
| Borrowings / assets | 0.00% |
| Net interest margin | 3.35% (p61 of band) |
| Operating expense / assets | 4.81% (p82 of band) |
| Vehicles % of loans | 47% (p42 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 43% |
| Third-party paper % of net worth | 141% (p97 of band) |
| Vehicle delinquency | 0.95% (p59 of band) |
| Vehicle NCO | 1.18% (p87 of band) |
| Repossessed % of vehicle book | 0.70% (p97 of band) |
| Real estate % of loans | 42% |
| Credit cards % of loans | 5% |
| Unsecured % of loans | 7% |
| Commercial % of net worth | 0% |
| Core shares % of member funds | 57% |
| Certificates % of member funds | 25% |
| Average share balance | $4,533 |
| Participations bought / yr | $0 |
| Participations sold / yr | $0 |
| Participations outstanding | – |
| Loans outstanding per 100 members | 40% |
| Loans granted per 100 members, annualized | 45% |
| Average loan balance | $13,559 |
| Loans granted, annualized | $7.0M |

## Flags firing in the latest filing

- **thin capital** (`cap_low`)
- **losing money** (`earn_negative`)
- **repo signal** (`aq_repo`)
- **members leaving** (`shrink_members`)
- **3rd-party paper>100% NW** (`str_thirdparty`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 5 | thin capital, losing money, charge-offs p90, repo signal, 3rd-party paper>100% NW |  |
| 2016-06 | 3 |  | charge-offs p90, repo signal |
| 2016-09 | 4 | repo signal |  |
| 2016-12 | 4 | net worth falling | repo signal |
| 2017-03 | 8 | margin squeeze, delinquency rising, repo signal, loan book shrinking |  |
| 2017-06 | 6 |  | delinquency rising, repo signal |
| 2017-09 | 4 | repo signal | net worth falling, margin squeeze, loan book shrinking |
| 2017-12 | 5 | members leaving |  |

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

- 2018-10-20 [Cheyenne credit unions merge to become Nuvision - WyomingNews.com](https://news.google.com/rss/articles/CBMi2AFBVV95cUxNTDR0aWl6eDZnbnVhSTh6c0tiT0lCNUFfNFp4RktNcVBZWUVSY2o4U1h1MUY2Yzd3OF9uUEJCbW15eDltWGs1SmxFTUtaaHUtUk1FVkpKMzdDMzU0VVBidEs2MlpNa1pnSWYtU25xSlZvczZWalBSWE1VSHAxOGRYSTlSeFFGa2JUbDRraUJnT2tnaU54dFI0Sko4dmo1azFUVV94SklFU3ZhSGw5N2FqNWt2MWJBczQ4eS0wWTVvZk5pM0ZjSlkzNHJtOVo3eU9iRUY1RnJqQjc?oc=5) · WyomingNews.com
- 2017-08-17 [Heartland Data Breach Update: Thousands of Institutions Impacted - BankInfoSecurity](https://news.google.com/rss/articles/CBMiogFBVV95cUxNWVEyRWhPeVlpYXZaX19sN1VhVk5zZ1RJb2xUMlNFUmhWdnU2c1NxVXRJcVBxYTJXM0ptVjFreVRaQjJQNkdoQmFKWmQxU3ZNMU5ROGRsbVVreFdIeUhHMmEwSjdnaHVoaDd3ZmhWQmdDX1huU3UyeFlYakxsMW1DTEJEMmVsR3BLelpjd0xENjB1eFBqOXFFcFdtc1lqVE44YlE?oc=5) · BankInfoSecurity
- 2025-07-21 [Flip, whip, repeat: Cheyenne’s 59th pancake breakfast off to a flying start - WyomingNews.com](https://news.google.com/rss/articles/CBMi-gFBVV95cUxQU1k5bGtFV0hvZmdBRktjZzJmMVE1bTAwYXp2WU9IOEpJcTdLNXllMTl4d29yWGo3b2JydFNabmpjLUE3eXFTQWg1eGpBdnlVR3RkcmpZOGNMa25iUkFlbHk1bnJtMkZWNlZ3bkpUeHpyMkVGcDFmNkU1Uks0ZTZlblk2VXNkZVoxcGJaWEVhX1I5RUhfbE5OdjBzNTJtSmlNLWtVcEdNd19XaGVsYVV5OG1laTNCajFBWGJjQk1WR1FLVVJqWTVadnJjMnpacDhMSTBsV0JuZzNZQkU4UDdiZERRekRUVHRVVERkbVZ4RDN3TkEtVHVFMWJ3?oc=5) · WyomingNews.com

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=402 (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/18.json (key "402", 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=402
- 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