# EMPLOYEES FIRST
SAINT PAUL, MN · NCUA charter 63543 · asset band <$50M · latest filing 2016-12 · stopped filing after 2016-12 (departed; for a credit union that is almost always a merger)
Share link (named URL with a preview card): https://getbookiq.com/cu/employees-first-63543

Who the members are: state charter, organized 1966. 1,066 members of 1,500 potential (71.1% of the field); checking penetration 38% (share draft accounts per 100 members); loans per 100 members 66.

**Verdict on the desk:** this could be *ordinary*. 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 | $12.8M |
| Members | 1,066 (– YoY) |
| Full-time staff | 4 |
| Net worth | $2.9M |
| Net worth ratio | 23.0% (p89 of band) |
| ROA (annualized) | -22.20% (p0 of band) |
| Total delinquency | 2.70% (p79 of band) |
| Net charge-offs (annualized) | 8.88% (p99 of band) |
| Loans / shares | 88% (p90 of band) |
| Cash / assets | 41.9% |
| Borrowings / assets | 0.00% |
| Net interest margin | 4.26% (p85 of band) |
| Operating expense / assets | 10.45% (p99 of band) |
| Vehicles % of loans | 52% (p51 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 8% |
| Third-party paper % of net worth | 12% (p92 of band) |
| Vehicle delinquency | 2.81% (p83 of band) |
| Vehicle NCO | 10.44% (p100 of band) |
| Repossessed % of vehicle book | 0.00% (p44 of band) |
| Real estate % of loans | 44% |
| Credit cards % of loans | 0% |
| Unsecured % of loans | 2% |
| Commercial % of net worth | 0% |
| Core shares % of member funds | 23% |
| Certificates % of member funds | 40% |
| Average share balance | $5,436 |
| Participations bought / yr | $0 |
| Participations sold / yr | $0 |
| Participations outstanding | – |
| Loans outstanding per 100 members | 66% |
| Loans granted per 100 members, annualized | 29% |
| Average loan balance | $11,587 |
| Loans granted, annualized | $2.2M |

## Flags firing in the latest filing

- **losing money** (`earn_negative`)
- **expense trap** (`earn_opex`)
- **delinquency 2x band** (`aq_dq_high`)
- **charge-offs p90** (`aq_nco_high`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 2 | delinquency 2x band, charge-offs p90 |  |
| 2016-06 | 3 | repo signal |  |
| 2016-09 | 6 | losing money, expense trap, loans>95% of shares |  |
| 2016-12 | 4 |  | repo signal, loans>95% of shares |

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

- 2020-08-26 [Ideal Credit Union announces merger with Employees First CU - American Banker](https://news.google.com/rss/articles/CBMirAFBVV95cUxNN0I0T0hiX1g3RW0wa29KOU50ek91eHFRRGU2eHg4dlJfRm5KOU5PY2NQZEJYN0x6VmpHRTdDUDZKbGtCLTlMOW9KNllLMlViMTZTMUhXbDB0NmxrUXZlOWd0SWdkLVdmOUducDhJMWk5czdQSHFPalBMZVctUmtRZEQ1VVpzelkwbTlUOUFuQVdTZDhtRHBld0R2REtLYnNYbDNuRlNwSTJEb25z?oc=5) · American Banker
- 2025-09-05 [Celebrating 2025’s Best Places to Work! - Grand Forks Herald](https://news.google.com/rss/articles/CBMikAFBVV95cUxORS1XdTUtRmR5TTdtd1UwOHFPOVBVNHExbFRRYWJKRS1MRXlTRkNkS09RUVo1di1YUHh5R2gzR3hjNGFnLXA0cXAzZzNwcEF6c3h1dUFBRThCZEV0cTg2NENqUTBHMHdFX0VFaEtsTE9yQXJlblp2Ul93WUtBVjBCYmFnVnd6c043cndQNEJ2WV8?oc=5) · Grand Forks Herald

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=63543 (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/55.json (key "63543", 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=63543
- 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.

---
Rendered 2026-09-10 from the desks' own data files. Full guide: https://getbookiq.com/guide