# SECURITY FIRST
MCALLEN, TX · NCUA charter 5547 · asset band $500M-1B · latest filing 2026-03 · live
Share link (named URL with a preview card): https://getbookiq.com/cu/security-first-5547

Who the members are: federal charter, community charter, organized 1947, low-income designated, minority depository institution. 40,489 members of 1,441,785 potential (2.8% of the field); checking penetration 50% (share draft accounts per 100 members); loans per 100 members 38.

**Verdict on the desk:** this could be *auto monoline*. Composite score 4 of 18 (one point per flag across 17 flags, capital below 7% counted twice).

## What the filing shows

| Measure | Value |
|---|---|
| Total assets | $521.3M |
| Members | 40,489 (-5.4% YoY) |
| Full-time staff | 117 |
| Net worth | $60.2M |
| Net worth ratio | 11.6% (p67 of band) |
| ROA (annualized) | 1.63% (p93 of band) |
| Total delinquency | 1.32% (p90 of band) |
| Net charge-offs (annualized) | 0.60% (p67 of band) |
| Loans / shares | 79% (p43 of band) |
| Cash / assets | 20.4% |
| Borrowings / assets | 0.00% |
| Net interest margin | 3.43% (p46 of band) |
| Operating expense / assets | 3.91% (p67 of band) |
| Vehicles % of loans | 80% (p100 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 82% |
| Third-party paper % of net worth | 392% (p96 of band) |
| Vehicle delinquency | 1.51% (p89 of band) |
| Vehicle NCO | 0.62% (p35 of band) |
| Repossessed % of vehicle book | 0.00% (p18 of band) |
| Real estate % of loans | 15% |
| Credit cards % of loans | 1% |
| Unsecured % of loans | 3% |
| Commercial % of net worth | 0% |
| Core shares % of member funds | 66% |
| Certificates % of member funds | 23% |
| Average share balance | $6,646 |
| Participations bought / yr | $0 |
| Participations sold / yr | $0 |
| Participations outstanding | $0 |
| Loans outstanding per 100 members | 38% |
| Loans granted per 100 members, annualized | 9% |
| Average loan balance | $23,257 |
| Loans granted, annualized | $146.4M |

## Participation posture (from the same filings)

Bought $0 and sold $0 in the latest annualized quarter; $0 outstanding purchased (0.0% of net worth), $6,183 sold and retained. Sold in 0 and bought in 0 of the last 8 quarters. Shares -2.0% year over year.

## Flags firing in the latest filing

- **delinquency 2x band** (`aq_dq_high`)
- **members leaving** (`shrink_members`)
- **3rd-party paper>100% NW** (`str_thirdparty`)
- **auto monoline** (`str_vehicle`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 6 | thin capital, losing money, expense trap, charge-offs p90, repo signal, 3rd-party paper>100% NW |  |
| 2016-06 | 5 |  | repo signal |
| 2016-09 | 7 | net worth falling, repo signal |  |
| 2016-12 | 8 | delinquency 2x band |  |
| 2017-03 | 7 | assets shrinking, members leaving | expense trap, repo signal, delinquency 2x band |
| 2017-06 | 8 | delinquency 2x band, repo signal | net worth falling |
| 2017-09 | 7 |  | repo signal |
| 2017-12 | 5 |  | losing money, delinquency 2x band |
| 2018-03 | 3 |  | assets shrinking, members leaving |
| 2018-06 | 4 | delinquency 2x band |  |
| 2018-09 | 4 | members leaving | delinquency 2x band |
| 2018-12 | 4 | delinquency 2x band | thin capital |
| 2019-03 | 3 | thin capital | charge-offs p90, delinquency 2x band |
| 2019-06 | 4 | charge-offs p90, assets shrinking | thin capital |
| 2019-09 | 2 |  | members leaving, charge-offs p90 |
| 2019-12 | 2 | auto monoline | assets shrinking |
| 2020-03 | 3 | members leaving |  |
| 2020-06 | 5 | net worth falling, delinquency 2x band |  |
| 2020-09 | 5 |  |  |
| 2020-12 | 9 | thin capital, margin squeeze, delinquency rising, loan book shrinking |  |
| 2021-03 | 8 |  | members leaving |
| 2021-06 | 6 |  | net worth falling, delinquency rising |
| 2021-09 | 6 |  |  |
| 2021-12 | 7 | members leaving |  |
| 2022-03 | 4 |  | delinquency 2x band, margin squeeze, loan book shrinking |
| 2022-06 | 4 |  |  |
| 2022-09 | 2 |  | thin capital, members leaving |
| 2022-12 | 2 |  |  |
| 2023-03 | 3 | assets shrinking |  |
| 2023-06 | 3 |  |  |
| 2023-09 | 3 |  |  |
| 2023-12 | 2 |  | assets shrinking |
| 2024-03 | 3 | net worth falling |  |
| 2024-06 | 3 |  |  |
| 2024-09 | 4 | delinquency rising |  |
| 2024-12 | 2 |  | net worth falling, delinquency rising |
| 2025-03 | 3 | delinquency rising |  |
| 2025-06 | 3 | delinquency 2x band | delinquency rising |
| 2025-09 | 3 |  |  |
| 2025-12 | 3 |  |  |
| 2026-03 | 4 | members leaving |  |

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

- 2022-01-13 [Credit Union’s New Chief Executive Officer - Texas Border Business](https://news.google.com/rss/articles/CBMif0FVX3lxTE4xd25QQUpQQVhVbG4yS0E3NVJmenZYckFIWHlLanNUVXdxWHlIbEdOUGlrRTZqMHY2blg4Nlc5OHpVOUJEWXpsUnU0TVc3RXZEdjhsbmlFYXd5azhjek9DU1B3M3FpMVFPbmR0emtkbmdJOVFyNmREM3JqMVhadzA?oc=5) · Texas Border Business
- 2025-09-08 [Brownsville ISD partners with Security First to launch new banking program - ValleyCentral.com](https://news.google.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?oc=5) · ValleyCentral.com
- 2018-07-16 [Mission location of Security First Credit Union remains closed - Progress Times](https://news.google.com/rss/articles/CBMipwFBVV95cUxOZGVESGFLdkVIXzdmVDcwSVVEX21fUFdRcW1Icm1IbDVjQWdrQnBGVVZXNkR1ZFRZYXctNWJ3RHdfR1BDcHAzRXN2M1pCQUJuNXNsUi1leDg4SjVqRWpfVUE2cElzYko3eWRBWGhNX2s0MDBGMUxWTC1TY1RNQV9GNWxoczBVTlpOTHp0MWpnQU94TUZESXBDRms2cmhnRXFXX2xYZWhjUQ?oc=5) · Progress Times
- 2024-12-31 [Banks for Immigrants and US Non-Citizens: A Comprehensive Guide - businessinsider.com](https://news.google.com/rss/articles/CBMiqwFBVV95cUxPN3RBb1NXSm5seGNfVk4wZlNKRXJad3IwQ25GTUVRdjhlSkw5THZmQ1VQUFM0TzJ0WkFWLVBqcEZLcUI3OXR2VjczeFhfaXVHNEI3c0xPVmgzb1hnMTcwaVV5dVRUenF6cS1NZWZUS2dvQ1VFZDM4RFF5NGhkU3YzSWtOYnlRWWVhOHlpUEtPRUN4aVFXTWVobmNyeDZ3SlVRRm5JTW1rcXNna0E?oc=5) · businessinsider.com
- 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
- 2012-04-23 [CESARIO PEREZ Obituary (2012) - McAllen, TX - The Monitor - Legacy obituary](https://news.google.com/rss/articles/CBMikAFBVV95cUxOYVQ3NnZPSlA3MFFtX0lpcFV2X3BJcl9lOUs0X0xpcXl2bVNCMEhmTHhiSU1xaTlrTEdBdV9zbG1HdWxRTDBXaHVHWTNsZ1RnNDQ5YjJyNlJUUkxnbFkydXVYZnhVclZfcXV0Q0puMXJDcWgxZUhkQkZxY1BiSTJ5VEtLNnRJbE5PbWJhSTRERHY?oc=5) · Legacy obituary

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=5547 (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/43.json (key "5547", 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=5547
- 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