# FIRST CHOICE COMMUNITY
NILES, OH · NCUA charter 60973 · asset band <$50M · latest filing 2020-09 · stopped filing after 2020-09 (departed; for a credit union that is almost always a merger)
Share link (named URL with a preview card): https://getbookiq.com/cu/first-choice-community-60973

Who the members are: state charter, organized 1968, low-income designated. 2,503 members of 5,000 potential (50.1% of the field); checking penetration 36% (share draft accounts per 100 members); loans per 100 members 16.

**Verdict on the desk:** this could be *too clean*. 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 | $20.0M |
| Members | 2,503 (-5.4% YoY) |
| Full-time staff | 6 |
| Net worth | $3.6M |
| Net worth ratio | 18.2% (p78 of band) |
| ROA (annualized) | -0.18% (p18 of band) |
| Total delinquency | 0.24% (p34 of band) |
| Net charge-offs (annualized) | 0.07% (p40 of band) |
| Loans / shares | 23% (p9 of band) |
| Cash / assets | 8.0% |
| Borrowings / assets | 0.00% |
| Net interest margin | 2.24% (p17 of band) |
| Operating expense / assets | 2.92% (p42 of band) |
| Vehicles % of loans | 29% (p18 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 0% |
| Third-party paper % of net worth | 0% (p45 of band) |
| Vehicle delinquency | 0.53% (p57 of band) |
| Vehicle NCO | 0.00% (p26 of band) |
| Repossessed % of vehicle book | 0.00% (p46 of band) |
| Real estate % of loans | 49% |
| Credit cards % of loans | 0% |
| Unsecured % of loans | 8% |
| Commercial % of net worth | 0% |
| Core shares % of member funds | 74% |
| Certificates % of member funds | 14% |
| Average share balance | $4,438 |
| Participations bought / yr | $0 |
| Participations sold / yr | $0 |
| Participations outstanding | – |
| Loans outstanding per 100 members | 16% |
| Loans granted per 100 members, annualized | 7% |
| Average loan balance | $9,623 |
| Loans granted, annualized | $1.2M |

## Flags firing in the latest filing

- **net worth falling** (`cap_falling`)
- **losing money** (`earn_negative`)
- **margin squeeze** (`earn_nim_squeeze`)
- **members leaving** (`shrink_members`)
- **loan book shrinking** (`shrink_loans`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 2 | delinquency 2x band, charge-offs p90 |  |
| 2016-06 | 1 |  | charge-offs p90 |
| 2016-09 | 3 | losing money, charge-offs p90 |  |
| 2016-12 | 2 |  | losing money |
| 2017-03 | 4 | delinquency rising, members leaving, loan book shrinking | charge-offs p90 |
| 2017-06 | 3 |  | delinquency rising |
| 2017-09 | 2 |  | members leaving |
| 2017-12 | 4 | assets shrinking, members leaving |  |
| 2018-03 | 6 | losing money, charge-offs p90 |  |
| 2018-06 | 4 |  | losing money, charge-offs p90 |
| 2018-09 | 7 | delinquency rising, charge-offs p90, leaning on borrowings |  |
| 2018-12 | 4 |  | delinquency rising, charge-offs p90, leaning on borrowings |
| 2019-03 | 4 |  |  |
| 2019-06 | 4 |  |  |
| 2019-09 | 4 |  |  |
| 2019-12 | 4 |  |  |
| 2020-03 | 4 |  |  |
| 2020-06 | 5 | net worth falling, losing money | assets shrinking |
| 2020-09 | 5 | margin squeeze | delinquency 2x band |

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

- 2020-10-26 [Credit Union of Ohio acquires First Choice Community Credit Union - Smart Business Dealmakers](https://news.google.com/rss/articles/CBMivgFBVV95cUxQbzRvaV9CM2JGeVJOLS1HdnlEQmI0RlVTT2hLaUJKMGlQVUFGNGZSR2pZLUJQX0VzNnpEN1l5VDZVZ0ZEN05kZkxBLUpmOUlRbFQwUXJ1dHY2SFl6eWxDMktqZ0tEWGVOY2xXWFpJUzd0enhJLVBVTDEyRnM3LVN3UFZXVGVVM1Zucm52cHp4dzZJY2VWSFMybjVjc1ZfcXFhREZCeldVYUh0NVJGbV9LU1NiZldLUW5rVkVYa0ZR?oc=5) · Smart Business Dealmakers
- 2020-10-23 [Hilliard credit union makes Northeast Ohio acquisition - The Business Journals](https://news.google.com/rss/articles/CBMiogFBVV95cUxNXzVsVVRSNzhLTUF6eHVPWFI4VjZvbEN4ZW9WMUtzUTVhSUZlN25QZDBwalZkN3prRVZfWmdILURDUVBLaDBvZkk3NTdpSVFQWXBEOXZjb2ZMRlMzdjRlQnZ1cHhMTXFWUzV4N3hHSy1QNHFuOEtJczR4d1Q4X1lGX3ZWYU45WTB4NlFWVEFBaXh3QUY4LUQxNk5PSGVBMXB2SEE?oc=5) · The Business Journals
- 2021-08-27 [Hilliard credit union extends reach in Northeast Ohio - The Business Journals](https://news.google.com/rss/articles/CBMiqAFBVV95cUxNVG9ja3VmSHlvYU9Ba1B2YkE4SGpxTENldjdwQ3NiX0xtRXJmSEhkd2NGbEY2OVFETHFVSURXWlcwd202cGJSaEREd0RhVlNHRWRWMkIwSFhWN29DRkZrNnkyV2RGNmFtS18tNUtFYnBRZUdMM0xZa3E1bXdSVTk4TUJpWW5Pcm43WmZLT3JMaGg1cFpjZHFhUWg2VzUxejdWZGktckc1QlU?oc=5) · The Business Journals
- 2024-07-15 [Weirton Steel retirees gather for picnic, to reminisce - - Weirton Daily Times](https://news.google.com/rss/articles/CBMisgFBVV95cUxPMmJCcVhRZ052OXZEelNmTWlXMGhBZ0JBaUJORGQza0l3b2VkNlZ3MTRBc3VxQnoyd1hsUXgyVnhtZzVHQ1Z3Qk04WmdDbWVna1A1LUYyQ1FPYWtncWR2dDFsV0pGNXhIRjlIY2pQTmRUbjdQZnJEMjdrSnQxalIzZ0tOOGdoYjQ2cnJYU2NqZW11eHRhS2tYZWdVQ3gyMUxYT3N6dURPcldPeUVjT2xUdkpn?oc=5) · Weirton Daily Times
- 2009-04-07 [Colleen Latimer Obituary (2009) - Warren, OH - CLOSED-McFarland & Son Funeral Home - legacy.com](https://news.google.com/rss/articles/CBMihwFBVV95cUxPaHY2Zno0bkpUaXNtTVN3ODZwZVVRVDZfbzNJbzFjZ1FxczA2X3JWa0NxUXUwMEFCeTU5WWhLVm9KSmNoUXJGdmExM0RaU2VFSUs4MHFHeG5Bd1FtdFBEQlRyUDN6Wk83VThZYzJMSHhtODVFNnBERlZXQ3ZFcWZmcEZsdFR3eWM?oc=5) · legacy.com

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=60973 (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/45.json (key "60973", 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=60973
- 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