# FIRSTMARK
San Antonio, TX · NCUA charter 62509 · asset band $1-10B · latest filing 2026-03 · live
Share link (named URL with a preview card): https://getbookiq.com/cu/firstmark-62509

Who the members are: state charter, organized 1932, low-income designated. 89,089 members of 3,047,804 potential (2.9% of the field); checking penetration 65% (share draft accounts per 100 members); loans per 100 members 46.

**Verdict on the desk:** this could be *indirect buyer*. 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 | $1.27B |
| Members | 89,089 (-2.8% YoY) |
| Full-time staff | 224 |
| Net worth | $122.6M |
| Net worth ratio | 9.6% (p25 of band) |
| ROA (annualized) | 0.68% (p48 of band) |
| Total delinquency | 0.71% (p61 of band) |
| Net charge-offs (annualized) | 0.97% (p83 of band) |
| Loans / shares | 70% (p15 of band) |
| Cash / assets | 7.7% |
| Borrowings / assets | 0.76% |
| Net interest margin | 3.54% (p65 of band) |
| Operating expense / assets | 3.71% (p76 of band) |
| Vehicles % of loans | 35% (p68 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 82% |
| Third-party paper % of net worth | 266% (p79 of band) |
| Vehicle delinquency | 0.94% (p75 of band) |
| Vehicle NCO | 1.90% (p83 of band) |
| Repossessed % of vehicle book | 0.00% (p11 of band) |
| Real estate % of loans | 35% |
| Credit cards % of loans | 4% |
| Unsecured % of loans | 12% |
| Commercial % of net worth | 114% |
| Core shares % of member funds | 48% |
| Certificates % of member funds | 33% |
| Average share balance | $6,666 |
| Participations bought / yr | $25.8M |
| Participations sold / yr | $0 |
| Participations outstanding | $93.5M |
| Loans outstanding per 100 members | 46% |
| Loans granted per 100 members, annualized | 9% |
| Average loan balance | $19,585 |
| Loans granted, annualized | $381.2M |

## Participation posture (from the same filings)

Bought $25.8M and sold $0 in the latest annualized quarter; $93.5M outstanding purchased (76.2% of net worth), $10.0M sold and retained. Sold in 0 and bought in 8 of the last 8 quarters. Shares 5.7% year over year.

## Flags firing in the latest filing

- **net worth falling** (`cap_falling`)
- **3rd-party paper>100% NW** (`str_thirdparty`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 4 | thin capital, expense trap, leaning on borrowings, 3rd-party paper>100% NW |  |
| 2016-06 | 4 |  |  |
| 2016-09 | 4 |  |  |
| 2016-12 | 3 |  | thin capital |
| 2017-03 | 3 | thin capital | expense trap |
| 2017-06 | 3 |  |  |
| 2017-09 | 3 | expense trap | thin capital |
| 2017-12 | 3 |  |  |
| 2018-03 | 3 |  |  |
| 2018-06 | 2 |  | expense trap |
| 2018-09 | 2 |  |  |
| 2018-12 | 2 |  |  |
| 2019-03 | 2 |  |  |
| 2019-06 | 1 |  | leaning on borrowings |
| 2019-09 | 1 |  |  |
| 2019-12 | 1 |  |  |
| 2020-03 | 2 | leaning on borrowings |  |
| 2020-06 | 5 | net worth falling, losing money, expense trap |  |
| 2020-09 | 8 | margin squeeze, delinquency 2x band, delinquency rising, loan book shrinking | expense trap |
| 2020-12 | 7 | members leaving | net worth falling, delinquency 2x band |
| 2021-03 | 5 |  | leaning on borrowings, delinquency rising |
| 2021-06 | 3 | delinquency 2x band, delinquency rising | losing money, margin squeeze, loan book shrinking, members leaving |
| 2021-09 | 2 | leaning on borrowings | delinquency 2x band, delinquency rising |
| 2021-12 | 1 |  | leaning on borrowings |
| 2022-03 | 4 | delinquency 2x band, delinquency rising, leaning on borrowings |  |
| 2022-06 | 2 |  | delinquency 2x band, delinquency rising |
| 2022-09 | 3 | delinquency rising |  |
| 2022-12 | 2 |  | delinquency rising |
| 2023-03 | 3 | assets shrinking |  |
| 2023-06 | 4 | expense trap |  |
| 2023-09 | 6 | delinquency rising, loan book shrinking |  |
| 2023-12 | 5 |  | assets shrinking |
| 2024-03 | 6 | net worth falling, losing money | loan book shrinking |
| 2024-06 | 5 |  | leaning on borrowings |
| 2024-09 | 3 |  | delinquency rising, net worth falling |
| 2024-12 | 2 |  | losing money |
| 2025-03 | 2 | losing money | expense trap |
| 2025-06 | 2 | net worth falling | losing money |
| 2025-09 | 1 |  | net worth falling |
| 2025-12 | 3 | losing money, members leaving |  |
| 2026-03 | 2 | net worth falling | losing money, members leaving |

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

- 2026-08-13 [Official Rules: TEXAS EATS & Firstmark Credit Union Instagram Giveaway August 2026 #1 - KSAT](https://news.google.com/rss/articles/CBMiyAFBVV95cUxOLVBYdE1Ha0xLeHpHSW5CWThZWXFGNTR3eDZGWXlFTWRqVVBpVl92aWJjYlBrZmQ0M2d5WEFjNnFyMXV6ak1iWlowcS1NR0p5a2NGSDAzZDBTNWRwbHpXNjVBS01KTjNtMXoyc05ZMmxPWklxS2xBWnNodFhYVzcxYTNqNTVrM3BWcTc4QnMwMm1Qcl9PUnJYWnpyYlFzMFZvSTVtcWxSR2gyX0FFeXpvRUpBelFCWW1BY2RtY3dRQTl4ZWlxTjJsRQ?oc=5) · KSAT
- 2022-05-05 [Firstmark Credit Union Selects Upstart for Personal Lending - Upstart](https://news.google.com/rss/articles/CBMitAFBVV95cUxOYkhPczlxc0RoSHlLc1FOemhpOExWNzRNcEpmZ0xaQlJISVU2WDMwb3RJclpRYW1jQVJvc1hpNjNfMkhVRjlTMUNETFVacXBaNmdpZVBQbkdDSGFTdXh2QS1NWUNhc3M5OW9kc2RMRzVBZkRYT2JZYWJoSTNuOHBqMFpZZk5QUmdDbW9tUFh4a09Sb3lUaHhqMDZLMkUwMzcwNHpNOGZOR2c2SDFjY1N5VHdWNVM?oc=5) · Upstart
- 2025-02-07 [Firstmark Credit Union selects Wendy Cleveland as new President and Chief Executive Officer - CUInsight](https://news.google.com/rss/articles/CBMizAFBVV95cUxNSWZuR0tOUkNUNXc1TUpqRFdyX0U2a04wOE51dXhBRjVibzFLb29RLWFKS0pDVnNnX1kzbURUQmR1WjJVT0VQMjdFTlotZ09Hckd2QVU1S2I1dnhGT3F1NnN3b2ViOG5YTjluZVU0TC1KbUoxNlFVYlVLZTlHMmU1WjBKTG9VVVVHaDdrenpQVGM0VHdmZVU0QjVwNUxvS2xsNkN1V1ZwRmhRYWdEUzNzbERtWGhvdmFHTG9MQVJ3ZjVta3Jia2o4eUIzS3Y?oc=5) · CUInsight
- 2025-11-12 [Irene Sandoval Obituary - San Antonio, TX - Dignity Memorial](https://news.google.com/rss/articles/CBMiiAFBVV95cUxOUGpSMmVFSW10RWRocklzNkdCZnByR0stWlEyUUFzV2xTWDZyTVNkYW1FaW51UTMtU0tGUFpBUzlwMnMzN1pNZ253cUZGcmdqRkZFYVVxeUh1d0NUN3BNa1ptQmZLNV9rV051WEsycFQwTDRFYXZYdXFXam10VnlxLVBTY0lpc2JK?oc=5) · Dignity Memorial
- 2015-01-26 [Rick Nelson Joins Firstmark Credit Union Commercial Lending Group - PRWeb](https://news.google.com/rss/articles/CBMitAFBVV95cUxQclJXMUhtaVJvdndpbGdsdm81MTZWcWVHcGxjS0dzWmRiZUpQb2o1bzd4WWxJZ2wyamw0Mnd3Zjl2NTZFa1JoRkVheGZlVjd1MEwtOVRtWDdvSG5yaDJJamxxeWU2eC1SNnd2X3hhd3N1RzJhaXhFM1FlVXhZWGRwZldjamI4NnJvVUlMcUxqWFV0RG5Vc0Z0QXVNbGxsV2RHZEI1bk9DVkcxZjZMdlNxTUpQTTk?oc=5) · PRWeb
- 2009-03-09 [Helen Cunningham Obituary (2009) - San Antonio, TX - San Antonio Express-News - legacy.com](https://news.google.com/rss/articles/CBMilAFBVV95cUxPbjMxMXd0aGJDM2hwZGE1Y256M0JYNDFNNjI3SFNhYndUVGhhaDNjNHphVHphcUNOMjdYdGVrMjk2cnhtUE1uS0RzLVdJeTRCSVUwOVRTdUFwbGpfM1ZuSGJNcWpzTXFGeENsRjdOb3o3TFd0U2RwWXVwQ2JXejJZaEhaTmF0ZUpRLTEyYTBGdS1wNjlD?oc=5) · legacy.com

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=62509 (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 "62509", 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=62509
- 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