# FIRST NEBRASKA
OMAHA, NE · NCUA charter 65398 · asset band $100-200M · latest filing 2026-03 · live
Share link (named URL with a preview card): https://getbookiq.com/cu/first-nebraska-65398

Who the members are: state charter, organized 1964. 16,107 members of 1,157,461 potential (1.4% of the field); checking penetration 41% (share draft accounts per 100 members); loans per 100 members 45.

**Verdict on the desk:** this could be *indirect buyer*. Composite score 3 of 18 (one point per flag across 17 flags, capital below 7% counted twice).

## What the filing shows

| Measure | Value |
|---|---|
| Total assets | $183.1M |
| Members | 16,107 (-4.1% YoY) |
| Full-time staff | 47 |
| Net worth | $28.6M |
| Net worth ratio | 15.6% (p85 of band) |
| ROA (annualized) | 0.42% (p32 of band) |
| Total delinquency | 0.47% (p39 of band) |
| Net charge-offs (annualized) | 0.35% (p53 of band) |
| Loans / shares | 79% (p69 of band) |
| Cash / assets | 7.2% |
| Borrowings / assets | 0.00% |
| Net interest margin | 4.00% (p70 of band) |
| Operating expense / assets | 4.42% (p76 of band) |
| Vehicles % of loans | 53% (p75 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 65% |
| Third-party paper % of net worth | 146% (p78 of band) |
| Vehicle delinquency | 0.75% (p60 of band) |
| Vehicle NCO | 1.32% (p82 of band) |
| Repossessed % of vehicle book | 0.48% (p94 of band) |
| Real estate % of loans | 42% |
| Credit cards % of loans | 1% |
| Unsecured % of loans | 3% |
| Commercial % of net worth | 4% |
| Core shares % of member funds | 66% |
| Certificates % of member funds | 19% |
| Average share balance | $5,713 |
| Participations bought / yr | $0 |
| Participations sold / yr | $0 |
| Participations outstanding | $1.2M |
| Loans outstanding per 100 members | 45% |
| Loans granted per 100 members, annualized | 54% |
| Average loan balance | $16,917 |
| Loans granted, annualized | $52.4M |

## Participation posture (from the same filings)

Bought $0 and sold $0 in the latest annualized quarter; $1.2M outstanding purchased (4.0% of net worth), $0 sold and retained. Sold in 0 and bought in 0 of the last 8 quarters. Shares -3.6% year over year.

## Flags firing in the latest filing

- **repo signal** (`aq_repo`)
- **members leaving** (`shrink_members`)
- **3rd-party paper>100% NW** (`str_thirdparty`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 0 |  |  |
| 2016-06 | 0 |  |  |
| 2016-09 | 0 |  |  |
| 2016-12 | 0 |  |  |
| 2017-03 | 1 | net worth falling |  |
| 2017-06 | 1 |  |  |
| 2017-09 | 2 | leaning on borrowings |  |
| 2017-12 | 3 | delinquency rising |  |
| 2018-03 | 2 | repo signal | net worth falling, leaning on borrowings |
| 2018-06 | 1 |  | repo signal |
| 2018-09 | 1 |  |  |
| 2018-12 | 1 | net worth falling | delinquency rising |
| 2019-03 | 0 |  | net worth falling |
| 2019-06 | 0 |  |  |
| 2019-09 | 0 |  |  |
| 2019-12 | 1 | delinquency rising |  |
| 2020-03 | 1 | repo signal | delinquency rising |
| 2020-06 | 1 |  |  |
| 2020-09 | 1 | net worth falling | repo signal |
| 2020-12 | 1 |  |  |
| 2021-03 | 1 |  |  |
| 2021-06 | 1 | delinquency rising | net worth falling |
| 2021-09 | 1 |  |  |
| 2021-12 | 0 |  | delinquency rising |
| 2022-03 | 3 | net worth falling, delinquency rising, 3rd-party paper>100% NW |  |
| 2022-06 | 3 |  |  |
| 2022-09 | 1 |  | net worth falling, delinquency rising |
| 2022-12 | 2 | delinquency rising |  |
| 2023-03 | 2 |  |  |
| 2023-06 | 2 |  |  |
| 2023-09 | 1 |  | delinquency rising |
| 2023-12 | 1 |  |  |
| 2024-03 | 1 |  |  |
| 2024-06 | 1 |  |  |
| 2024-09 | 2 | delinquency rising |  |
| 2024-12 | 2 | repo signal | delinquency rising |
| 2025-03 | 1 |  | repo signal |
| 2025-06 | 2 | delinquency rising |  |
| 2025-09 | 2 | repo signal | delinquency rising |
| 2025-12 | 2 | members leaving | repo signal |
| 2026-03 | 3 | repo signal |  |

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

- 2024-02-12 [Financial adviser who allegedly helped facilitate huge bank fraud still not charged - Nebraska Examiner](https://news.google.com/rss/articles/CBMiwgFBVV95cUxPbDZodVB6Nmk5N25zLTVJeEtlYmlBOXdBblFHa0lqVTU4YzF0LTRsWjd0dEtuYlpwWUdqbW1yRVVaeVQxVkQzUnhXZ25uMjFOMnZqS3VOaUhkYmF5UmNIWGhEWmE1RnBzRFdVbmxuMFkzNW9sQ1RUeEo2NWV3bC1ZUU1OcXhicC1rUjVyd3dIenJvbUltVFlnaXZPNXM5cnhLWnRjZFIxQ2E2LWMzbEQ4NzhXVGtDSHpFR2M1ZHVQRDg2QQ?oc=5) · Nebraska Examiner
- 2024-11-07 [Weekly Market Report: November 7, 2024 - growomaha.com](https://news.google.com/rss/articles/CBMia0FVX3lxTE8zYVVzRzBqb2REeWtBTDZpQUI5U0dSR2pvWDZVa2hLM3hJY1NvVzNIZUpRcHRKMVFzNmdsdzJJMDl3YkVySTVWOW4wSlJQUE4tb1Z3eDNFYks0RE9MZ3hsX01ReWZNdzI0ekVJ?oc=5) · growomaha.com
- 2016-02-17 [Funeral services held for Edwards brothers Wednesday - KETV](https://news.google.com/rss/articles/CBMilgFBVV95cUxOalJ3SzIzemVtZWowUVRTTVUtUkpMMmNSSmotYjZVdG5oOGtnN0tPdV9kLU5ZYkQ5RnZ1akd4TmkwdHVFUVlZXzdUYXN4SHNZenJybXZaelZudXU2Z1dJd2NkUkktN09YLVBzLXoxYnJxRU5RVExrREVlSjZ4YXFsMTZCOTc2b2xNTktTbnY4Nzg1aXF1VGc?oc=5) · KETV
- 2022-12-27 [Claims against estate of deceased Lincoln businessman now extend to Louisiana - Nebraska Examiner](https://news.google.com/rss/articles/CBMiugFBVV95cUxNT3g3d19hdFIzOUl3M3pOaHN1UTZNMmg5ZFBUNXZnVW84dzhTbVJXRTloS3NJSDdSMU02dUl6QzJnbzZuS3psV3NQQ2xUT0UzaXhHQjdQY3FiVXVlYTNrWXBtb2E3QmJCM19leVkwU3BnWEtYaXlIbmVFYVZlRk5ZdlhQSXJ0azBPTi1ibl8wT1BmVjNyOGo1LVdCbFlkUTJqWjhLTnFEZ0pzTFFKREZSeXdJLVRWUzFBMmc?oc=5) · Nebraska Examiner
- 2025-03-15 [At 180th and Blondo, longtime Mulhall family tree farm to make way for housing, businesses - Omaha World-Herald](https://news.google.com/rss/articles/CBMifkFVX3lxTE11Tnl1OVY1NlRMT1FMYzI0dkNpNUx6TlRoOTRuNmF2VlNweFN5dkNrcHU5LU5QUWFkeEN3aTlLUUR1M1M3V24zSlE0ZW5MRzYtcU5tdWxodmwyek1wRkcwNFczZHVBY2MtbHBlQUxJNHhIckNfZkRYeEcwU3haQQ?oc=5) · Omaha World-Herald
- 2023-12-14 [The 10 tallest buildings in Lincoln - Lincoln Journal Star](https://news.google.com/rss/articles/CBMikAFBVV95cUxNR1pGYzYzeE9yUjJhUmNXYzd3cENzNXlaMVRGVHRibzhBdkNDdmFyM1hWVnd4bUpsb1g1RDg3Yk5wR1NWVTNWMjE1ZnU1YWJicHhjU3BGU0JlajBHZU9KN2F2YXNRLUxaQmU5MTJsbUtJcDNBRWlBYk9RbXptMnNGX3dQRVVBN1pIbThvVWxwNmQ?oc=5) · Lincoln Journal Star
- 2026-01-01 [Drury Hotels Releases Rendering of Planned Omaha Building - growomaha.com](https://news.google.com/rss/articles/CBMiigFBVV95cUxNdGxBZnZFOFlUelBVdnFYV0tYUW0yRF9OUE0wcGJYdnRMTW9ic05tR191TVRTVzktRm5rakJfU2hOUDlZY3RFcmhjYU5naUJscEdDSk5WNVN2LVRMVnVXTGpRNEJscV9sMndfd2hZcVZhVVFDNVRqcmVjTmtIU1J6MFlJeGZFLUx6WGc?oc=5) · growomaha.com
- 2014-08-22 [FBI ramps up efforts to identify, capture AK-47 Bandit - KETV](https://news.google.com/rss/articles/CBMilAFBVV95cUxOLTU3NmhSWk5tMm84eGdFNl9MWFdKT0VXNzR5M3V4NkpQYVNVWkM2emxqUHFFb3VGb09nc1lfcHcteTdXcUNEaUNEblVKengzWjVhbURDZzBrRW0zSVRaSlVqYUJkc1p5LXJ1SnZkYzVSMHh6VmVrWEtMTDYxRGdiMXh6NHlmQUs5LWd1QUU4dTNDVnVS?oc=5) · KETV

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=65398 (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/54.json (key "65398", 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=65398
- 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