# FIRST EDUCATION
Cheyenne, WY · NCUA charter 5465 · asset band $50-100M · latest filing 2026-03 · live
Share link (named URL with a preview card): https://getbookiq.com/cu/first-education-5465

Who the members are: federal charter, community charter, organized 1947, low-income designated. 5,576 members of 95,000 potential (5.9% of the field); checking penetration 65% (share draft accounts per 100 members); loans per 100 members 45.

**Verdict on the desk:** this could be *ordinary*. Composite score 1 of 18 (one point per flag across 17 flags, capital below 7% counted twice).

## What the filing shows

| Measure | Value |
|---|---|
| Total assets | $88.2M |
| Members | 5,576 (0.4% YoY) |
| Full-time staff | 15 |
| Net worth | $8.8M |
| Net worth ratio | 9.9% (p20 of band) |
| ROA (annualized) | 1.12% (p71 of band) |
| Total delinquency | 0.29% (p28 of band) |
| Net charge-offs (annualized) | -0.01% (p10 of band) |
| Loans / shares | 44% (p18 of band) |
| Cash / assets | 57.1% |
| Borrowings / assets | 0.00% |
| Net interest margin | 3.87% (p61 of band) |
| Operating expense / assets | 3.58% (p51 of band) |
| Vehicles % of loans | 45% (p55 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 0% |
| Third-party paper % of net worth | 0% (p25 of band) |
| Vehicle delinquency | 0.23% (p28 of band) |
| Vehicle NCO | 0.00% (p17 of band) |
| Repossessed % of vehicle book | 0.00% (p38 of band) |
| Real estate % of loans | 40% |
| Credit cards % of loans | 4% |
| Unsecured % of loans | 9% |
| Commercial % of net worth | 0% |
| Core shares % of member funds | 81% |
| Certificates % of member funds | 7% |
| Average share balance | $7,791 |
| Participations bought / yr | $0 |
| Participations sold / yr | $0 |
| Participations outstanding | – |
| Loans outstanding per 100 members | 45% |
| Loans granted per 100 members, annualized | 10% |
| Average loan balance | $13,850 |
| Loans granted, annualized | $10.9M |

## Flags firing in the latest filing

- **delinquency rising** (`aq_dq_rising`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 1 | thin capital |  |
| 2016-06 | 1 |  |  |
| 2016-09 | 1 |  |  |
| 2016-12 | 1 |  |  |
| 2017-03 | 2 | delinquency rising |  |
| 2017-06 | 1 |  | delinquency rising |
| 2017-09 | 2 | delinquency rising |  |
| 2017-12 | 1 |  | delinquency rising |
| 2018-03 | 1 |  |  |
| 2018-06 | 1 |  |  |
| 2018-09 | 1 |  |  |
| 2018-12 | 1 |  |  |
| 2019-03 | 2 | delinquency rising |  |
| 2019-06 | 1 |  | delinquency rising |
| 2019-09 | 2 | delinquency rising |  |
| 2019-12 | 2 |  |  |
| 2020-03 | 1 |  | delinquency rising |
| 2020-06 | 2 | net worth falling |  |
| 2020-09 | 2 |  |  |
| 2020-12 | 3 | delinquency rising |  |
| 2021-03 | 4 | margin squeeze |  |
| 2021-06 | 2 |  | net worth falling, delinquency rising |
| 2021-09 | 2 |  |  |
| 2021-12 | 2 |  |  |
| 2022-03 | 1 |  | margin squeeze |
| 2022-06 | 1 |  |  |
| 2022-09 | 2 | delinquency rising |  |
| 2022-12 | 1 |  | delinquency rising |
| 2023-03 | 2 | delinquency rising |  |
| 2023-06 | 2 |  |  |
| 2023-09 | 2 | assets shrinking | delinquency rising |
| 2023-12 | 2 |  |  |
| 2024-03 | 3 | delinquency rising |  |
| 2024-06 | 1 |  | assets shrinking, delinquency rising |
| 2024-09 | 3 | delinquency rising, repo signal |  |
| 2024-12 | 2 |  | delinquency rising |
| 2025-03 | 1 |  | repo signal |
| 2025-06 | 0 |  | thin capital |
| 2025-09 | 0 |  |  |
| 2025-12 | 1 | delinquency rising |  |
| 2026-03 | 1 |  |  |

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

- 2022-03-19 [Mountain West Credit Union Association announces new board, annual award winners - CUInsight](https://news.google.com/rss/articles/CBMivAFBVV95cUxNOVFFNExyeFJoaHFOWUI0a09GZnNYejFBQW9VZVRTWlVETEotT0lZSW5XeGVmR1AyZDI1ejdtekJybWM0UU5tQ1lQek9QUjVPSmFPcEVaTlpmanNMbkxCc21fZk0zTjFOY1FVcThCRTgzVTFSRHZXRktGbG9VX21UbkJaUVNQVmFWSGpXWjlZWWdNNTdqS3YtS3h1MFpKNEE5VG15MEhHZHd1UnZ2TGtDM0EwOXBwdUZPYWpnUQ?oc=5) · CUInsight
- 2023-01-07 [Peter Basile Obituary Jan 7, 2023 - Schrader, Aragon & Jacoby Funeral Home](https://news.google.com/rss/articles/CBMiY0FVX3lxTFBrVDg5OXYweVJRQWZZOTNXRmQzMkpXVUxPZFNBUUNBenRXMXVXZDRGX1NvVnVfY2EtbXl5NWhONlJjcTVTaC1GLWM1MzNUVFlFMXVWOXdJZDQ0b2dHQXZuR2ctVQ?oc=5) · Schrader, Aragon & Jacoby Funeral Home
- 2025-05-20 [LCSD1 trustees honor student, staff excellence - Cap City News](https://news.google.com/rss/articles/CBMilwFBVV95cUxQOGQwcktEekVVUWJBd0pOZGN6R2toZC0yMDdOdXhETVBnbXo5bFE4UWp6MXB3YU5PNXdpVHlmUmRBMDRkNGh3SkgyQl9ObHIwVWhMTVFrTjNCSkVmNkpnMW1RUkRuUDlfSGlJa1NNQUdxTFFtYzRjcDFRMmdTWmtKX2NqOGVBSjRuRlhiV1p0RXN1WDVjOGg0?oc=5) · Cap City News
- 2015-04-08 [Signs That You Grew Up Or Live In The State Of Wyoming - KGAB](https://news.google.com/rss/articles/CBMilgFBVV95cUxONmJHVFNwTkQtS3p5OHhHSmY0M2dWUndKM0N1VTVvcVlIdUQzMGF6VXl3NGZwMmtxZzNGSTlDUF85V0oxTm9HVVRUTHRCeW0tdEQtX21sRnhRWjJuSjA0d1pGbkY1bjRqUkFGbVhSNUhub09nMWRVaDhYNmpRYjlZTjhvY0R4cVU0eWRndGRkLUNNaFMwQ3c?oc=5) · KGAB
- 2010-09-27 [Bruce Curl - WyomingNews.com](https://news.google.com/rss/articles/CBMingFBVV95cUxOd0c0ZHBDNDNzQWpDaE1DanNURmVQYkZvZURPMlJ5ZXlyVDNLR1NabnNpYTg1Wi12aXN2Z0twUFJDVGpQMXZuOURLSHV1aC16R2lpb09aQnRTcEJNSE1IQ0JpaEtjSXN1ODE4bWlBR0c1bFl6M1c1cWo4d0V2QzJDMktmaExkREN0WXU0QW5ZNnBCNFlhLU9nNVQxVmU4UQ?oc=5) · WyomingNews.com
- 2012-01-01 [Lorie Hannig Obituary Jan 1, 2012 - Schrader, Aragon & Jacoby Funeral Home](https://news.google.com/rss/articles/CBMiY0FVX3lxTFA5V0JPWmxPUjFTN1FCa0JkMHpKTHMwa0REbktkMVhfMGpnRjB1aUF0ajhGYmFKUy1zUXgtMlNvV3FSckxCeDRLa1Y0eGpkS3pXMXNydTdGNmZfY0h5VG15R2JvTQ?oc=5) · Schrader, Aragon & Jacoby Funeral Home
- 2019-08-16 [Gregg Reisner Obituary (1954 - 2019) - Cheyenne, WY - The Opinion-Tribune - legacy.com](https://news.google.com/rss/articles/CBMilwFBVV95cUxNdUtSWFlSUkxDUkY2a2ZGNl9ISXBrUDEzckN4T21NM0lZaFRoZnZNYWI2dlRMeEljZEJLWUpCLWtGUENDOFFCdjBIRnlraUYxYXF1OW10YkNXdmE0cWgwS2cyTVY1TXFGNDZkVy1OakxmVnkyYk5uYi1ReXlKSUdULW10d3JHbWNNdEpnWkY4dUMwNGVEd05B?oc=5) · legacy.com
- 2015-05-28 [5 Famous People From The Great State Of Wyoming - KGAB](https://news.google.com/rss/articles/CBMic0FVX3lxTE9WcldJcllIS0F5N1BRUENlLW55c29kaFJXOWpsallqZDRFVl82cVRzWXc2ZUV5Y3FMSE85OE1ad0dUZmJWVFF4dmxhX0JCdElhOURKOTJIWFdJTHlWb3dzUXRuRzFJa1lJbXR5ZTd6S3VrTkE?oc=5) · KGAB

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=5465 (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/25.json (key "5465", 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=5465
- 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