# FIRST CLASS COMMUNITY
WEST DES MOINES, IA · NCUA charter 64231 · asset band $50-100M · latest filing 2026-03 · live
Share link (named URL with a preview card): https://getbookiq.com/cu/first-class-community-64231

Who the members are: state charter, organized 1925, low-income designated. 6,870 members of 1,006,239 potential (0.7% of the field); checking penetration 73% (share draft accounts per 100 members); loans per 100 members 41.

**Verdict on the desk:** this could be *quiet fade*. 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 | $96.5M |
| Members | 6,870 (-6.0% YoY) |
| Full-time staff | 19 |
| Net worth | $10.0M |
| Net worth ratio | 10.4% (p24 of band) |
| ROA (annualized) | 1.05% (p68 of band) |
| Total delinquency | 0.40% (p37 of band) |
| Net charge-offs (annualized) | 0.29% (p55 of band) |
| Loans / shares | 42% (p17 of band) |
| Cash / assets | 4.9% |
| Borrowings / assets | 0.00% |
| Net interest margin | 3.79% (p55 of band) |
| Operating expense / assets | 3.84% (p61 of band) |
| Vehicles % of loans | 40% (p45 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 28% |
| Third-party paper % of net worth | 43% (p75 of band) |
| Vehicle delinquency | 0.93% (p67 of band) |
| Vehicle NCO | 0.81% (p77 of band) |
| Repossessed % of vehicle book | 0.00% (p38 of band) |
| Real estate % of loans | 46% |
| Credit cards % of loans | 0% |
| Unsecured % of loans | 3% |
| Commercial % of net worth | 30% |
| Core shares % of member funds | 75% |
| Certificates % of member funds | 5% |
| Average share balance | $6,348 |
| Participations bought / yr | $0 |
| Participations sold / yr | $0 |
| Participations outstanding | $3.6M |
| Loans outstanding per 100 members | 41% |
| Loans granted per 100 members, annualized | 6% |
| Average loan balance | $13,048 |
| Loans granted, annualized | $10.4M |

## Participation posture (from the same filings)

Bought $0 and sold $0 in the latest annualized quarter; $3.6M outstanding purchased (35.9% of net worth), $0 sold and retained. Sold in 0 and bought in 7 of the last 8 quarters. Shares -2.6% year over year.

## Flags firing in the latest filing

- **members leaving** (`shrink_members`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 1 | thin capital |  |
| 2016-06 | 1 |  |  |
| 2016-09 | 1 |  |  |
| 2016-12 | 2 | net worth falling |  |
| 2017-03 | 2 |  |  |
| 2017-06 | 1 |  | net worth falling |
| 2017-09 | 3 | delinquency rising, auto monoline |  |
| 2017-12 | 5 | delinquency 2x band, 3rd-party paper>100% NW |  |
| 2018-03 | 5 |  |  |
| 2018-06 | 6 | net worth falling |  |
| 2018-09 | 5 |  | net worth falling |
| 2018-12 | 4 |  | delinquency rising |
| 2019-03 | 4 |  |  |
| 2019-06 | 4 |  |  |
| 2019-09 | 3 |  | thin capital |
| 2019-12 | 4 | thin capital |  |
| 2020-03 | 5 | net worth falling |  |
| 2020-06 | 5 |  |  |
| 2020-09 | 6 | margin squeeze |  |
| 2020-12 | 7 | loan book shrinking |  |
| 2021-03 | 7 |  |  |
| 2021-06 | 6 | charge-offs p90 | 3rd-party paper>100% NW, loan book shrinking |
| 2021-09 | 5 |  | net worth falling |
| 2021-12 | 5 |  |  |
| 2022-03 | 5 | net worth falling, members leaving | margin squeeze, charge-offs p90 |
| 2022-06 | 4 | charge-offs p90 | net worth falling, members leaving |
| 2022-09 | 3 | members leaving | auto monoline, charge-offs p90 |
| 2022-12 | 3 |  |  |
| 2023-03 | 5 | delinquency rising, assets shrinking |  |
| 2023-06 | 5 |  |  |
| 2023-09 | 3 |  | members leaving, assets shrinking |
| 2023-12 | 3 | assets shrinking | delinquency rising |
| 2024-03 | 2 |  | assets shrinking |
| 2024-06 | 1 | assets shrinking | delinquency 2x band, thin capital |
| 2024-09 | 1 |  |  |
| 2024-12 | 0 |  | assets shrinking |
| 2025-03 | 3 | thin capital, net worth falling, delinquency 2x band |  |
| 2025-06 | 0 |  | thin capital, net worth falling, delinquency 2x band |
| 2025-09 | 0 |  |  |
| 2025-12 | 1 | members leaving |  |
| 2026-03 | 1 |  |  |

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

- 2025-09-27 [Des Moines bank robbery suspect caught in 15 minutes - WHO13.com](https://news.google.com/rss/articles/CBMikAFBVV95cUxPSVBQN0lfMm45Y1RucklyazlKbHloUzNsUE9aV1lDOXl3dHJDTV9Xb2RMdlRueVRYelRDcE9VQkxkTU1YaXZBSUFSek00Vk5mVWNGZl9LS1V1SlF0Z1F6eDVRS3FaRWNNSkotbkFZZ3NpaFNfTDRRaktVNkdrTUhpbUlCbUs5VldkRS1iTGNIeWHSAZYBQVVfeXFMTVNlTmNEekRocThmS3lnVS14V2FuYllhdGFRSGNzdm4zVUh4aEZXRDJIR2pFcm45NGNIdVdJelE2NGhuY01FR3Ric2M4NGg3ajNKbndINlFneVF1OC04MmFnR3RjTGRaeHJ3QklHcC1jUGJaWEFsZVhPS2J5MWF2bnIzRmlER1YzbUpxUGZNcVg3Nk00NUVR?oc=5) · WHO13.com
- 2023-04-18 [Serve Credit Union announces two new hires - CUInsight](https://news.google.com/rss/articles/CBMiiwFBVV95cUxOendyY1F5YVRLNXFaenNPZzNZTzVwQzFHUkJGUld3VEoyX3Zva0tfUHlrSlRSQzFvZHgyVzBpWEl1cnRzOFlxS3dRNk5NcGZITGlDamptMDVTbkJmRHFYbDNPMzRRZXkwZDlveEJnMHQ0UVFiOHRiQTd1VUM2NXk0STdwWG9TWElIM05Z?oc=5) · CUInsight
- 2024-09-03 [Chiefs superfan Xaviar Babudar, aka ChiefsAholic, will be sentenced to prison hours before kickoff Thursday - KSHB 41 Kansas City](https://news.google.com/rss/articles/CBMi2gFBVV95cUxNcVIzcVM1cEVheHRsd0R3Skh1X3pkQ3UwNUdHVWtLdE1JLUQ0T0IxN1ViQUdMdGpuMzlhYXZHWC1lRnJFTEdKN3Y1OW4yQWhDQnNEbHZ1S0FfVURCc1hNYzZsQURKcF9XYU1seGdjWUIxMXdKVzNhd0QtYzVSZVBUQ3BDeDVLS0VYVTlCM3VxWVFuWnRIc0VuUHQxR0U2QVJQTnphNkFSNjRPZUlZa2NsTFBoWWxfaGZILVhyd2I5NENhU0lIU242ZFNLMUVYbjhHQ0o3Q05CcHI4QQ?oc=5) · KSHB 41 Kansas City
- 2023-10-24 [Trial delayed for ChiefsAHolic, Chiefs super fan accused of robbing Iowa banks on national spree - KCCI](https://news.google.com/rss/articles/CBMirwFBVV95cUxPSGxkT0NBN1ZXbk55TlVpcVlxNERhU3UweHVNbHhHRnUwUUR5VS1oWWZEaFFyWTY0TXpyVEpGTmxRT2x2NmEwM1VXeTZpMFRnaHI4bWdsQ2xMVmFnb2c1dnV1MnBmdS1xM0hHVUIzZGZZMjlfc0FXR2NnYXVkaWh0Zk4tTWF3ZnJ5QXlMdmxTR2FXbEdZcVVXWTZEMlNkQUYtMHY2cjdIcGgxWmFSd1BN?oc=5) · KCCI
- 2023-08-17 [KC Chiefs ‘Superfan’ indicted for bank theft, money laundering - KTTN](https://news.google.com/rss/articles/CBMiiAFBVV95cUxPVkRhRU1KS2VZdWlYT1IzRzc4U0poY3NPUlZFU0ZoVG5JZlBobDlkTldLOWVRZ25JY1ZSaFk4Y1pfbHl0dXM5RW5YeHdYNG5tdmY3aENJV19qdTdSX2xkenlUX3k3bTJsZlo5V1hDOEd3RFhCTjZhNktWNmV4Vmp2LWpGOTRoQXJl?oc=5) · KTTN
- 2023-11-16 [‘ChiefsAholic’ featured in new ESPN documentary - FOX4KC.com](https://news.google.com/rss/articles/CBMihgFBVV95cUxOY1hGRVhER0kwTExMejBqcVg4THBDbjZOUFJ1eTg2bXVZMTZ0YmZiWG1NOS0wZG8tSmpmb2prNnlSVWFpZWpyNmVIODRkOVM3Y2M3aUdTZ29JdmFNYUd6OHdGa2QybHVuTU5mVDcwZVRFUWtab3RiRFBlUGk3dlZsbndocHlpZ9IBiwFBVV95cUxPZ0dsMEFta1NjblprYjFsRkxNUTF3WUZhdG9oczRTLW9NWVRfVXJxME1OSGtTV2ZTZUpnOGRQN1pfVjNCNVJNVWZ6Wk0wUWN3WnM4ZHJHT3JWZndwMFBzNFk5eGRGd09uYnNRN1kxblhrT2dDdkxTMzBiaU8zZUdLQUhvWkJlZWM4Z1R3?oc=5) · FOX4KC.com
- 2022-04-08 [Donald "Don" D. Phipps Obituary Apr 8, 2022 - Meyer Brothers Funeral Homes](https://news.google.com/rss/articles/CBMibkFVX3lxTE9zLUV3aU92QWZITV9ualVsaUxDVlNTeDR1ZGNUaUJtbFZwdm44a3dNVTFURUV6M3ZCeHVwNzAxQThYMnFUbk03MFZxeWFnN25pZXgwbTdGRWJaUVNMclFTZlVKcjNwYnp1bkUyYVpB?oc=5) · Meyer Brothers Funeral Homes
- 2023-08-18 ['ChiefsAholic' pleads not guilty to charges, trial date set - KMBC](https://news.google.com/rss/articles/CBMinAFBVV95cUxQU3RQUTlTUm5FZkhpNFVuS2Zjc2NtazlrLVBKRGtVN1hETGJMN1lIdGhXdEtZZG9yeDRSS2x3SElHQWxfb0F5STNnaGkxeTV3N0JvOWRCclVUYjdVb3NLUzRrZks4VEhXRnBrNVdJY1AtZFFGZ2pCT1IwWTdfaHlvbVp5cU5Bd2ZrTXR0QjVMd0dJTFVWVHpVd1Z0TDk?oc=5) · KMBC

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=64231 (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/39.json (key "64231", 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=64231
- 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