# FIRST SECURITY
LINCOLNWOOD, IL · NCUA charter 62061 · asset band <$50M · latest filing 2018-12 · stopped filing after 2018-12 (departed; for a credit union that is almost always a merger)
Share link (named URL with a preview card): https://getbookiq.com/cu/first-security-62061

Who the members are: state charter, organized 1930, low-income designated. 696 members of 19,202 potential (3.6% of the field); checking penetration 6% (share draft accounts per 100 members); loans per 100 members 66.

**Verdict on the desk:** this could be *stressed*. Composite score 10 of 18 (one point per flag across 17 flags, capital below 7% counted twice).

## What the filing shows

| Measure | Value |
|---|---|
| Total assets | $5.8M |
| Members | 696 (-37.7% YoY) |
| Full-time staff | 2 |
| Net worth | $444,302 |
| Net worth ratio | 7.7% (p5 of band) |
| ROA (annualized) | -2.40% (p2 of band) |
| Total delinquency | 0.58% (p41 of band) |
| Net charge-offs (annualized) | 5.34% (p99 of band) |
| Loans / shares | 73% (p66 of band) |
| Cash / assets | 6.7% |
| Borrowings / assets | 0.00% |
| Net interest margin | 6.19% (p98 of band) |
| Operating expense / assets | 6.50% (p94 of band) |
| Vehicles % of loans | 96% (p100 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 28% |
| Third-party paper % of net worth | 229% (p98 of band) |
| Vehicle delinquency | 0.61% (p50 of band) |
| Vehicle NCO | 5.77% (p99 of band) |
| Repossessed % of vehicle book | 0.00% (p44 of band) |
| Real estate % of loans | 0% |
| Credit cards % of loans | 0% |
| Unsecured % of loans | 4% |
| Commercial % of net worth | 0% |
| Core shares % of member funds | 29% |
| Certificates % of member funds | 62% |
| Average share balance | $5,480 |
| Participations bought / yr | $0 |
| Participations sold / yr | $0 |
| Participations outstanding | – |
| Loans outstanding per 100 members | 66% |
| Loans granted per 100 members, annualized | 5% |
| Average loan balance | $8,460 |
| Loans granted, annualized | $495,000 |

## Flags firing in the latest filing

- **thin capital** (`cap_low`)
- **losing money** (`earn_negative`)
- **expense trap** (`earn_opex`)
- **margin squeeze** (`earn_nim_squeeze`)
- **charge-offs p90** (`aq_nco_high`)
- **assets shrinking** (`shrink_assets`)
- **members leaving** (`shrink_members`)
- **loan book shrinking** (`shrink_loans`)
- **3rd-party paper>100% NW** (`str_thirdparty`)
- **auto monoline** (`str_vehicle`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 3 | charge-offs p90, loans>95% of shares, auto monoline |  |
| 2016-06 | 3 | thin capital | charge-offs p90 |
| 2016-09 | 4 | net worth falling |  |
| 2016-12 | 6 | charge-offs p90, 3rd-party paper>100% NW |  |
| 2017-03 | 6 | delinquency 2x band, delinquency rising | charge-offs p90, 3rd-party paper>100% NW |
| 2017-06 | 7 | charge-offs p90, 3rd-party paper>100% NW | net worth falling |
| 2017-09 | 9 | losing money, repo signal |  |
| 2017-12 | 11 | net worth falling, assets shrinking, loan book shrinking | loans>95% of shares |
| 2018-03 | 7 | margin squeeze | delinquency 2x band, delinquency rising, losing money, repo signal, net worth falling |
| 2018-06 | 10 | losing money, repo signal, members leaving |  |
| 2018-09 | 9 |  | repo signal |
| 2018-12 | 10 | expense trap |  |

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

- 2020-07-01 [Black-Owned Banks by State - Investopedia](https://news.google.com/rss/articles/CBMicEFVX3lxTFB5NHlXMVFqNU0wTjdESlM2b0g4OGp5ODQ0cTNtOW83eFBEMTBWbl9kUUp4VTNHX3plLVBlS3J1X3VNMGdhcDVaajZrZTJlX3RuS3FPNjJHWkNBSlRxbExsUFVlbUJfTjhZa3B3TS02Q2M?oc=5) · Investopedia
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## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=62061 (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 "62061", 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=62061
- 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