# MEMBERS 1ST
Redding, CA · NCUA charter 62677 · asset band $200-500M · latest filing 2025-09 · stopped filing after 2025-09 (departed; for a credit union that is almost always a merger)
Share link (named URL with a preview card): https://getbookiq.com/cu/members-1st-62677

Who the members are: state charter, organized 1936, low-income designated. 23,918 members of 482,210 potential (5.0% of the field); checking penetration 67% (share draft accounts per 100 members); loans per 100 members 49.

**Verdict on the desk:** this could be *indirect buyer*. 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 | $358.9M |
| Members | 23,918 (-0.1% YoY) |
| Full-time staff | 59 |
| Net worth | $37.3M |
| Net worth ratio | 10.4% (p35 of band) |
| ROA (annualized) | 1.49% (p92 of band) |
| Total delinquency | 0.13% (p7 of band) |
| Net charge-offs (annualized) | 0.27% (p38 of band) |
| Loans / shares | 73% (p42 of band) |
| Cash / assets | 22.8% |
| Borrowings / assets | 0.00% |
| Net interest margin | 3.28% (p36 of band) |
| Operating expense / assets | 2.91% (p22 of band) |
| Vehicles % of loans | 55% (p86 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 82% |
| Third-party paper % of net worth | 287% (p90 of band) |
| Vehicle delinquency | 0.12% (p12 of band) |
| Vehicle NCO | 0.33% (p29 of band) |
| Repossessed % of vehicle book | 0.11% (p74 of band) |
| Real estate % of loans | 39% |
| Credit cards % of loans | 3% |
| Unsecured % of loans | 4% |
| Commercial % of net worth | 6% |
| Core shares % of member funds | 61% |
| Certificates % of member funds | 28% |
| Average share balance | $6,562 |
| Participations bought / yr | $2.7M |
| Participations sold / yr | $0 |
| Participations outstanding | – |
| Loans outstanding per 100 members | 49% |
| Loans granted per 100 members, annualized | 9% |
| Average loan balance | $20,054 |
| Loans granted, annualized | $91.5M |

## Flags firing in the latest filing

- **3rd-party paper>100% NW** (`str_thirdparty`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 4 | thin capital, losing money, 3rd-party paper>100% NW, auto monoline |  |
| 2016-06 | 3 |  | thin capital |
| 2016-09 | 2 |  | losing money |
| 2016-12 | 2 |  |  |
| 2017-03 | 3 | delinquency rising |  |
| 2017-06 | 3 | net worth falling | delinquency rising |
| 2017-09 | 2 |  | net worth falling |
| 2017-12 | 2 |  |  |
| 2018-03 | 3 | net worth falling |  |
| 2018-06 | 3 | delinquency rising | net worth falling |
| 2018-09 | 2 |  | delinquency rising |
| 2018-12 | 5 | thin capital, net worth falling, delinquency rising |  |
| 2019-03 | 5 |  |  |
| 2019-06 | 3 |  | thin capital, net worth falling |
| 2019-09 | 3 |  |  |
| 2019-12 | 3 |  |  |
| 2020-03 | 3 | net worth falling | delinquency rising |
| 2020-06 | 4 | thin capital |  |
| 2020-09 | 3 |  | net worth falling |
| 2020-12 | 3 |  |  |
| 2021-03 | 5 | net worth falling, margin squeeze |  |
| 2021-06 | 3 |  | net worth falling, margin squeeze |
| 2021-09 | 3 |  |  |
| 2021-12 | 3 |  |  |
| 2022-03 | 3 |  |  |
| 2022-06 | 4 | net worth falling |  |
| 2022-09 | 4 | delinquency rising | net worth falling |
| 2022-12 | 4 |  |  |
| 2023-03 | 3 |  | delinquency rising |
| 2023-06 | 3 |  |  |
| 2023-09 | 2 |  | thin capital |
| 2023-12 | 3 | assets shrinking |  |
| 2024-03 | 1 |  | auto monoline, assets shrinking |
| 2024-06 | 2 | delinquency rising |  |
| 2024-09 | 2 |  |  |
| 2024-12 | 1 |  | delinquency rising |
| 2025-03 | 2 | delinquency rising |  |
| 2025-06 | 2 |  |  |
| 2025-09 | 1 |  | delinquency rising |

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

- 2026-09-02 [Delfi Announces Strategic Investment from Members 1st Federal Credit Union to Advance Next-Generation Balance Sheet Management - Yahoo Finance](https://news.google.com/rss/articles/CBMirAFBVV95cUxOQ01QNFJOcFFSMjAtTlhHeHdjMG01VldPa2t6OHljaGxOOWhIUV80a2F3X1NmMEd3MHFOMDdNaFYyVzRCOTBvTkhkLXNHSUhDQmhGcS0tdE5HREMwSUNsYmR5ZW1LeGdqUDh6LWRaVmx1Ti05cFVYWHBwcU1LMS04aXcxZGhwcHFKZ0dfZFdIMVIwN2t0aklxR0VnY0Z5RDU3b0hzUFhsaEJWazFt?oc=5) · Yahoo Finance
- 2022-01-04 [Members 1st Credit Union celebrates Member Appreciation Month - CUInsight](https://news.google.com/rss/articles/CBMipAFBVV95cUxQY0NxanotQUtCR2VRYWZDLVhhSmtvM1ZPSXhGQVRLbU5kLWlIOW9KUndmcFJtRzNrclZ2M0tFMVUzbFBndTdOVWlYR1VPeGVOWllOZ3FvUnY5QU42NnBOdlVtS25QTWljLTNHWFlCZFFqRldoVmdDejc3bUx2SEFQcHp3ME5CWFIzNVNEQ1JCZkFabzBqUjN0clI3SXgxWXl2YmNkTg?oc=5) · CUInsight
- 2025-03-24 [Rogue Credit Union to merge with Members 1st in Northern California - kobi5.com](https://news.google.com/rss/articles/CBMirgFBVV95cUxNNFlCNW5Db2hrbkRpMTdMN0NKOEZoMWFWa044MjZxbFlzU3FyYnM0b0dwbVdnY0ZXSW1BUG12ZmVocnBuNXlwd3FwdnVhbURjTVJJRlRFdl92ZmdjV2tYcnVwZE5YYTdWN3BaQXJucVRKTElBb0M3UTFwUENpc1BnVkZBbTYxdlVQOEpLUktyUmwzT0QtQ3FycW5NaFphSUVIWmZqZ1Z3TkRpV0d2UWc?oc=5) · kobi5.com
- 2025-06-03 [Vacant land in Redding that's home to seasonal Christmas tree lot eyed for construction - Record Searchlight](https://news.google.com/rss/articles/CBMizwFBVV95cUxOc1hINDJYenJLcFNHSnBQMmxmNURsRXk3RFduNktSY2hqQjNNTnJDRy1aNFJsM0ExUFpELVZ4ejlPVm9fNFNvQ2VRdWRXYXZuX19QTXBMZUhOWXpVYjlod3Y4aF9iaG9xaXVLUzFLTzUycEdsemJ5ZGVFR1VmVF9SQTZ5OUtVUVRpUUp3LXZGOVJEa2M3VmphNkhydjJfS0lPS2JYTmVoMzJ5QVlQN0tHR0d0Mk5yUzhmYjdvLS1hemhQQmVQWkhTajBoam5zTTQ?oc=5) · Record Searchlight
- 2023-03-01 [Sacramento Valley Credit Union Network - Comstock's magazine](https://news.google.com/rss/articles/CBMifEFVX3lxTE9qbmdLX2NVUWZTUVphVEVwVU9EMzRSMjZFZ0pkX0VBSm5TM0tBaTdlcDRXZ05lZVVKUTBkeVFFVmRiQXN5UEV1bDg2OWJVT1B2d3BybGMxY2pMdWd6LUNIblZXU1doLW5reU9oeVVYME1uYVhzQ3ZxMFU2UDQ?oc=5) · Comstock's magazine
- 2026-01-22 [YMCA Recognizes Staff Excellence, Leadership, and Service Milestones at 167th Annual Meeting - Berks Community Television](https://news.google.com/rss/articles/CBMiwAFBVV95cUxPMS15anFlaHplRWhSQWJkUGZaQ3ctUFJwU18wNmVJNmsxUUFvUmFzMm9EZ3JyWWJFV3FPLVZuaU5GeUtEbFF6SDJLYXhlaEpMaDYtY1dXeUJvVVFXbC00QzRkNGN0YjhyazVnYUFPdmJWSllieVh3QWtpYWNvWFVYSHhudmpTRDBueWNKcFdBLWxDanp3TDRPMThXOFB2dENwcllqRVBVNGYwZ2RlVmNkNUxSVzVBdmx5QzhKZDFaZjI?oc=5) · Berks Community Television
- 2021-11-01 [Members 1st Federal Credit Union opens third branch in Berks County - CUInsight](https://news.google.com/rss/articles/CBMirAFBVV95cUxOZWFxT25pOWxNY2s4R2VsZG0ySjBEOFhUXzhTRGMwT1M1aW0xbDlULVJFNm9wcUVzQ3JxeUt3V0MxNEVxVUpwOXhhQmJpb2lXa3paSnJIMWlBc1g3SWdHVTNvaHRvSVQ3d29mRHpTcy1wRkxEanNkYlJjaHp4LUFvazNjT2FxeHBzSVBFWWZlWHc2MlJMWS1VNE5vcGVtUWR0bUJ4QlE0NVpvRnZ6?oc=5) · CUInsight
- 2026-08-25 [Red Lion man pleads guilty in $421K bank fraud scheme: officials - local21news.com](https://news.google.com/rss/articles/CBMixwFBVV95cUxOVll2Y0kwaEdYdm5RUHZCMm1ETmZESVp3RDY2ZXNTM1BJc2RiUkJrb2c2OW0yLUstMHpLamFqNzJpRm9FUmV3QUdJYWFPcnpYQ2E2MmxMRG1EREh0WExLeFkzZFExY2dKOE1EZ1REa1ZMVWVGcmF5dEpUd01sdkw2SC1XSHd6TmpOdm1aeXVfV2hnY3BuU2hSdzE0SWlMZGtPbHA4cm5jUlVKMHZGRjBzMDAyTVFfSk13dWJTMUJVdk9UeG9KZElr?oc=5) · local21news.com

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=62677 (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/21.json (key "62677", 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=62677
- 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