# FIRST CONNECTICUT
Wallingford, CT · NCUA charter 66062 · asset band $50-100M · latest filing 2023-06 · stopped filing after 2023-06 (departed; for a credit union that is almost always a merger)
Share link (named URL with a preview card): https://getbookiq.com/cu/first-connecticut-66062

Who the members are: state charter, organized 1979. 10,018 members of 100,000 potential (10.0% of the field); checking penetration 13% (share draft accounts per 100 members); loans per 100 members 85.

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

## What the filing shows

| Measure | Value |
|---|---|
| Total assets | $50.5M |
| Members | 10,018 (-13.4% YoY) |
| Full-time staff | 14 |
| Net worth | $4.7M |
| Net worth ratio | 9.3% (p24 of band) |
| ROA (annualized) | 0.58% (p41 of band) |
| Total delinquency | 1.58% (p91 of band) |
| Net charge-offs (annualized) | 0.15% (p42 of band) |
| Loans / shares | 98% (p96 of band) |
| Cash / assets | 7.9% |
| Borrowings / assets | 0.00% |
| Net interest margin | 4.73% (p96 of band) |
| Operating expense / assets | 4.45% (p86 of band) |
| Vehicles % of loans | 93% (p100 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 83% |
| Third-party paper % of net worth | 712% (p100 of band) |
| Vehicle delinquency | 1.59% (p90 of band) |
| Vehicle NCO | 0.11% (p40 of band) |
| Repossessed % of vehicle book | 0.00% (p40 of band) |
| Real estate % of loans | 5% |
| Credit cards % of loans | 0% |
| Unsecured % of loans | 2% |
| Commercial % of net worth | 0% |
| Core shares % of member funds | 71% |
| Certificates % of member funds | 11% |
| Average share balance | $3,669 |
| Participations bought / yr | $0 |
| Participations sold / yr | $219,208 |
| Participations outstanding | – |
| Loans outstanding per 100 members | 85% |
| Loans granted per 100 members, annualized | 12% |
| Average loan balance | $5,066 |
| Loans granted, annualized | $12.7M |

## Flags firing in the latest filing

- **delinquency 2x band** (`aq_dq_high`)
- **delinquency rising** (`aq_dq_rising`)
- **assets shrinking** (`shrink_assets`)
- **members leaving** (`shrink_members`)
- **loans>95% of shares** (`str_ltos`)
- **3rd-party paper>100% NW** (`str_thirdparty`)
- **auto monoline** (`str_vehicle`)

## 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 | 6 | capital below 7% |  |
| 2016-09 | 7 | net worth falling |  |
| 2016-12 | 7 |  |  |
| 2017-03 | 7 |  |  |
| 2017-06 | 6 | loans>95% of shares | losing money, net worth falling |
| 2017-09 | 5 | delinquency rising | capital below 7% |
| 2017-12 | 5 |  |  |
| 2018-03 | 8 | capital below 7%, net worth falling |  |
| 2018-06 | 5 |  | capital below 7%, net worth falling |
| 2018-09 | 4 |  | delinquency rising |
| 2018-12 | 5 | delinquency rising, members leaving | loans>95% of shares |
| 2019-03 | 9 | losing money, margin squeeze, delinquency 2x band, loan book shrinking |  |
| 2019-06 | 6 |  | delinquency rising, delinquency 2x band, loan book shrinking |
| 2019-09 | 7 | assets shrinking, loans>95% of shares | margin squeeze |
| 2019-12 | 4 |  | members leaving, assets shrinking, loans>95% of shares |
| 2020-03 | 4 | loans>95% of shares | losing money |
| 2020-06 | 6 | capital below 7%, delinquency 2x band | loans>95% of shares |
| 2020-09 | 5 | loan book shrinking | capital below 7% |
| 2020-12 | 4 |  | loan book shrinking |
| 2021-03 | 7 | capital below 7%, charge-offs p90 |  |
| 2021-06 | 5 | members leaving | delinquency 2x band, capital below 7% |
| 2021-09 | 3 |  | charge-offs p90, members leaving |
| 2021-12 | 4 | charge-offs p90 |  |
| 2022-03 | 4 | delinquency 2x band | charge-offs p90 |
| 2022-06 | 5 | loans>95% of shares |  |
| 2022-09 | 5 |  |  |
| 2022-12 | 6 | delinquency rising |  |
| 2023-03 | 5 | members leaving | thin capital, delinquency rising |
| 2023-06 | 7 | delinquency rising, assets shrinking |  |

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

- 2022-07-15 [Credit Union Opens New Branch Office In Enfield - Patch](https://news.google.com/rss/articles/CBMiigFBVV95cUxNV1A1UWFjd0F6U21sSUcwOWtnWVlqT05ZLTBQZ19HTHBKaGJyaHlBMmNIZlg4d0UzNFNPVmY0V3JkVGdDXy14cVRVcmVPcWVzbk9iU1pkWVlHOGpkRWJTUlRaQUNEZktZM1dHWjRpMzVLQXlLRnEtMmV6ZzQ5a3hUUUJHbDY2a2pETXc?oc=5) · Patch
- 2021-10-18 [Jason Pagni Obituary (2014) - Hamden, CT - New Haven Register - legacy.com](https://news.google.com/rss/articles/CBMijgFBVV95cUxQcnJlVGRUcFA1d0wzSzBvMnJzU2paNWdzTEh0TTEwdVd1Q29VdkU5dEc3WWs0eVJ5YUxwRjdRZWNpblhsLTMwWXJIYnVxTjJpTG5Db2hhQjRIWWoxX3VScThvWHdrSm52dENaNTVleGFOamYyZkNuRHZla1BWVVRPbmUwaVJ3dDJ4NmhUNzZn?oc=5) · legacy.com
- 2024-08-19 [AYR Cannabis Opens First Connecticut Location — In Manchester - Patch](https://news.google.com/rss/articles/CBMingFBVV95cUxNYXhyZHYxcHE0NWU0OU5rSkJLUjROWUl0NTVmbnV1aTBuLUgtdmpjRzBEdnRyS3c5UENVNnVpY3Z0Ty1fT0xaZWFmbkxWNzVCWTIwaU94T195S09SVEdCM3dUV3Vha1hqNEN6WXhBai10VUwyNGx5NTVhTlFRdVhxZTdxV0NYMG41MmswbEtsVTZNVTZPWmM1bEhTZ2ladw?oc=5) · Patch
- 2018-08-16 [1st Connecticut AtHome Store Opens in Manchester - Patch](https://news.google.com/rss/articles/CBMijwFBVV95cUxOdFE4RUkzb25SZE1YTmFhTFd2YXFxVVZWVjM4WUxJVlFaMExTVTdjT3FVam5JUDhSelJOWUZWbnVPOF9QYTBuNG5LXzdUd3RCLVNYWGZFRXJRR0JWcTBtUm9GVlROYmZZTkg5S08tNk5Pd09WQ0VYM0s2aWVwWDdtWGFDWldabVROVXNKOFpYOA?oc=5) · Patch
- 2025-02-26 [Massachusetts-Based Furnishings Outlet Expands Into South Windsor - Patch](https://news.google.com/rss/articles/CBMipgFBVV95cUxPRzFTMFJBNElCcHdTVFZHd1gxRmVKczBhc2hsYTBNOEx1YTVFVUF3b0s4cV8wdFFfTUNrQ0FKYUQ5d2NSbmJ2NnJKMFhiNUF5a3RfWVhzMkxycFZHLXE5ZkNsaXpWSGY1NmdTTUxReTZUZjdoODRBN0pFYlhxUWJ6MWozUnZfWHl5clc1X1lYRS0wRmd5b0tHNkc3RTRCa0huellsY1h3?oc=5) · Patch
- 2015-11-22 [Which Are the Youngest Connecticut Towns? - Patch](https://news.google.com/rss/articles/CBMihgFBVV95cUxOUk82YUZybWt1b3VpcVZqMW9LcEhoT3hiTlJZeEt0VHN2SUE4cGtTLVVqQXVEa1p3cm9oZFJaalF6ZnNlYmFLelJlRVVpOGtwcndOOGRxVVI4eUlfb0l6eTNHMDdsckNjVVEzZTRCQlZoOUUxcE9WeU1XN1lRM1cxMURmU0RkQQ?oc=5) · Patch
- 2013-07-23 [First CT Location of Dave & Buster's Proposed for Manchester - Patch](https://news.google.com/rss/articles/CBMirAFBVV95cUxPN2ZKZDZrUnBSWktndEU2UDI2SmJDeFJQejFEakdiQkZUMVVvMktSTVR5d1BycGwwcGNwY1pJNzMtZE95RWlGeGhGXzQzb01BV0dlRV84d1BMenJqcUVmczVMdWxRSTZicGhKei1nclY4aEhZRVJqZlNRdUpBUUlENzBOMTZrb2JyS2tOTFoydnhoSVhLZS03VFVMM24yaVRXUE42UWdHaTFFbjNT?oc=5) · Patch

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=66062 (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/14.json (key "66062", 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=66062
- 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