# UTAH FIRST
Salt Lake City, UT · NCUA charter 528 · asset band $1-10B · latest filing 2026-03 · live
Share link (named URL with a preview card): https://getbookiq.com/cu/utah-first-528

Who the members are: federal charter, multiple common bond, organized 1935, low-income designated. 45,230 members of 1,950,000 potential (2.3% of the field); checking penetration 71% (share draft accounts per 100 members); loans per 100 members 49.

**Verdict on the desk:** this could be *liquidity-tight*. 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 | $1.16B |
| Members | 45,230 (7.6% YoY) |
| Full-time staff | 144 |
| Net worth | $118.6M |
| Net worth ratio | 10.2% (p38 of band) |
| ROA (annualized) | 1.02% (p76 of band) |
| Total delinquency | 0.17% (p6 of band) |
| Net charge-offs (annualized) | 0.30% (p25 of band) |
| Loans / shares | 101% (p93 of band) |
| Cash / assets | 11.4% |
| Borrowings / assets | 9.46% |
| Net interest margin | 3.48% (p61 of band) |
| Operating expense / assets | 3.16% (p47 of band) |
| Vehicles % of loans | 17% (p25 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 31% |
| Third-party paper % of net worth | 40% (p22 of band) |
| Vehicle delinquency | 0.53% (p44 of band) |
| Vehicle NCO | 0.81% (p39 of band) |
| Repossessed % of vehicle book | 0.00% (p11 of band) |
| Real estate % of loans | 43% |
| Credit cards % of loans | 2% |
| Unsecured % of loans | 3% |
| Commercial % of net worth | 288% |
| Core shares % of member funds | 30% |
| Certificates % of member funds | 22% |
| Average share balance | $9,744 |
| Participations bought / yr | $37.7M |
| Participations sold / yr | $0 |
| Participations outstanding | $23.1M |
| Loans outstanding per 100 members | 49% |
| Loans granted per 100 members, annualized | 15% |
| Average loan balance | $42,019 |
| Loans granted, annualized | $500.5M |

## Participation posture (from the same filings)

Bought $37.7M and sold $0 in the latest annualized quarter; $23.1M outstanding purchased (19.5% of net worth), $51.3M sold and retained. Sold in 5 and bought in 7 of the last 8 quarters. Shares 10.3% year over year.

## Flags firing in the latest filing

- **loans>95% of shares** (`str_ltos`)
- **leaning on borrowings** (`str_borrowings`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 0 |  |  |
| 2016-06 | 0 |  |  |
| 2016-09 | 0 |  |  |
| 2016-12 | 0 |  |  |
| 2017-03 | 1 | delinquency rising |  |
| 2017-06 | 0 |  | delinquency rising |
| 2017-09 | 1 | loans>95% of shares |  |
| 2017-12 | 2 | delinquency rising |  |
| 2018-03 | 0 |  | loans>95% of shares, delinquency rising |
| 2018-06 | 0 |  |  |
| 2018-09 | 1 | loans>95% of shares |  |
| 2018-12 | 1 |  |  |
| 2019-03 | 1 | margin squeeze | loans>95% of shares |
| 2019-06 | 2 | delinquency rising |  |
| 2019-09 | 3 | loans>95% of shares |  |
| 2019-12 | 3 |  |  |
| 2020-03 | 2 |  | margin squeeze |
| 2020-06 | 2 | leaning on borrowings | delinquency rising |
| 2020-09 | 2 |  |  |
| 2020-12 | 2 |  |  |
| 2021-03 | 2 | margin squeeze | loans>95% of shares |
| 2021-06 | 2 | net worth falling | margin squeeze |
| 2021-09 | 1 | loans>95% of shares | leaning on borrowings, net worth falling |
| 2021-12 | 0 |  | loans>95% of shares |
| 2022-03 | 2 | net worth falling, loans>95% of shares |  |
| 2022-06 | 2 | leaning on borrowings | net worth falling |
| 2022-09 | 2 |  |  |
| 2022-12 | 2 |  |  |
| 2023-03 | 2 |  |  |
| 2023-06 | 3 | delinquency rising |  |
| 2023-09 | 3 |  |  |
| 2023-12 | 2 |  | delinquency rising |
| 2024-03 | 2 |  |  |
| 2024-06 | 2 |  |  |
| 2024-09 | 3 | delinquency rising |  |
| 2024-12 | 3 |  |  |
| 2025-03 | 2 |  | delinquency rising |
| 2025-06 | 2 |  |  |
| 2025-09 | 2 |  |  |
| 2025-12 | 2 |  |  |
| 2026-03 | 2 |  |  |

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

- 2026-08-13 [Utah First Credit Union Amphitheatre evacuated due to severe weather - KUTV](https://news.google.com/rss/articles/CBMinAFBVV95cUxNY1ozQVFUNmJzcU5ObEh5V2t0U25UeTlyMHprSlNtSEZLQkdSVzZwSmFpVXVHMTBPSU9jX21haTFtbEhRN3p1ZE5CcGZLLXhzQTNJYWpsTFdPaTMzMkpmSFJOUnZwOXRRMjk1a2xNeE5CakEySXJmeGZQYUdfTTdqcnBWcHlYc2ZkM2ZpZEFjQnJxaFdzcVB0UXQzbEI?oc=5) · KUTV
- 2026-08-13 [Severe thunderstorms cause concert evacuations, flooding across the Wasatch Front - ABC4 Utah](https://news.google.com/rss/articles/CBMic0FVX3lxTE5CeWRvTkNVSlVvZ25qZkduTU1HdDFYZ1BZU3JZdXFDbzVUZXhtSDVVOTFzNXFqQko5VmlJNmVLYVRrN0hjemtDNTh4a0EybzdOeXBHMHJfYVAzeHBHbWVkcUlMODM3UTljcXpUcXBveHZtZVHSAXhBVV95cUxNZUp5UFFxWWR0cmVVLUJDR1pKRzFyamRQX3R0R1dFODVUbGktODRjQ3o4RFpwaVZieS1JNTZvZFdZQ3RRZHBFdUNCYzd3cThuUG9LS2tFYjJxaVl2UnJvV1h1b2dQSU55a3FsaldRN1lSTXVSN05iLW8?oc=5) · ABC4 Utah
- 2026-09-01 [Bryson Tiller Setlist: What to Expect on the 2026 Neo Trapsoul Tour - Ticketmaster Blog](https://news.google.com/rss/articles/CBMiYkFVX3lxTFBuNWh1Z2U2QXBkME12V2s2OU9PNGx1c1IzZzlWUTk3dkVxdDlrYkEtV0IyTGhXYWhWRUh2SnFPampESFZBakwycl85d284TXBkc3dNbTd4aVBHZWZwdXNQMEFB?oc=5) · Ticketmaster Blog
- 2026-06-20 [Rod Stewart Needs Oxygen Tank During Utah Concert, Video - TMZ](https://news.google.com/rss/articles/CBMigAFBVV95cUxPV1JNbm9tVWw3SjdpWkFQTzlicFMtRlFVSUFkODUzeEE4dVdhOG9adG5Yb1BwWmI2RkpHd2NxWTVhdmpTTXlSTjk4azhXNWNEMmhRaV9JMDRac21uNldybWhHSUtBRGJRNENGVmVYYWVodlJFblZtbG1ycmxpc3A3eg?oc=5) · TMZ
- 2026-08-01 [R&B Star Kali Uchis Announces Remaining "For The Girls" Tour Dates This Summer - That Eric Alper](https://news.google.com/rss/articles/CBMiuAFBVV95cUxPVzJXemIxNUJjWnpsMW5xbUpKdlJnRzMwWDBwOXhELVlUYzd4UW5iOXEwMTE5d0hvcGxqN3Q5dmJ4UXdQSjYtZHlGdVlsbzMycUg0OWk4cjRQQzQyem5rV3BQZXFlcUNPTmNLY01nZHZvSl9EbDZNNVkxaTVDWkhJd09ZbnpENGJ2VV9yTlpzYlBYLTI3eGFjUGozX2pJczNpQ09nQXRDLUpTQVdnSjdzcGhPd2JwVjBN?oc=5) · That Eric Alper
- 2026-07-18 [Hilary Duff tried Swig onstage during her Utah concert. Here’s what she said about it - deseret.com](https://news.google.com/rss/articles/CBMinAFBVV95cUxPb3dZUWhVajdudXp5MmZzVU9RUDA4bXRDanpMUjd1b2ZraGZ2UFlacnAyYzBydzlzdzFVekxiYUVkeWlKUTh3Y21YT1Z3dnpPT09FQW9wYVBIRG14bFVvV0FET2RBRHNsYlNyeGZFZFlmSFpHRTU2d2pkRzVQeU1Fd01yUDczYk5NSGZyUWdteE0tcVljLU5ubDdQYVY?oc=5) · deseret.com
- 2025-11-07 [Singer Rod Stewart including Utah stop on ‘One Last Time’ tour - Gephardt Daily](https://news.google.com/rss/articles/CBMimAFBVV95cUxOSU9NSDR2Mi1ZeHFrWkpjTUZPLU5Jbi1hZ2RWbDRuSmZPaVU4QXFmNkVRWThpbnFjUkQ4cWhMWUFHMmd2aGdtRzNURU44Nld4cXBVNWRyWXFweHZ6RFZfeWlVMFpYWHlMbzNHdXY1bEFfMTV4SlVPdk1sd1FibHlNckVCZjdYa0JCQ2RpVzhvYkpiQ3A0N1V0Sg?oc=5) · Gephardt Daily
- 2026-06-15 [What to Know for Evanescence: 2026 World Tour Setlist - Ticketmaster Blog](https://news.google.com/rss/articles/CBMiX0FVX3lxTFBuTTN6MkU3Z0oxU0tnRnpPVlJBR3JaTXd5UEpUbDdTWjhmeTdaNUV6UkFUSVhMYXU2N2J2R21nb2NHemZoMUdTUTZNbGtiQ1FCTVpLdFRuMVJERXpwaW1j?oc=5) · Ticketmaster Blog

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=528 (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/16.json (key "528", 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=528
- 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