# 1ST CHOICE
ATLANTA, GA · NCUA charter 67505 · asset band <$50M · 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/1st-choice-67505

Who the members are: state charter, organized 1991, low-income designated, minority depository institution. 6,844 members of 441,958 potential (1.6% of the field); checking penetration 42% (share draft accounts per 100 members); loans per 100 members 815.

**Verdict on the desk:** this could be *stressed*. Composite score 12 of 18 (one point per flag across 17 flags, capital below 7% counted twice).

## What the filing shows

| Measure | Value |
|---|---|
| Total assets | $30.6M |
| Members | 6,844 (1.0% YoY) |
| Full-time staff | 8 |
| Net worth | $-264,714 |
| Net worth ratio | -0.9% (p0 of band) |
| ROA (annualized) | -4.47% (p2 of band) |
| Total delinquency | 14.03% (p99 of band) |
| Net charge-offs (annualized) | 4.45% (p98 of band) |
| Loans / shares | 58% (p46 of band) |
| Cash / assets | 37.1% |
| Borrowings / assets | 0.00% |
| Net interest margin | 4.38% (p65 of band) |
| Operating expense / assets | 11.19% (p98 of band) |
| Vehicles % of loans | 50% (p35 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 21% |
| Third-party paper % of net worth | – |
| Vehicle delinquency | 8.27% (p97 of band) |
| Vehicle NCO | 4.10% (p98 of band) |
| Repossessed % of vehicle book | 1.63% (p99 of band) |
| Real estate % of loans | 32% |
| Credit cards % of loans | 6% |
| Unsecured % of loans | 12% |
| Commercial % of net worth | – |
| Core shares % of member funds | 73% |
| Certificates % of member funds | 6% |
| Average share balance | $2,898 |
| Participations bought / yr | $0 |
| Participations sold / yr | $0 |
| Participations outstanding | – |
| Loans outstanding per 100 members | 815% |
| Loans granted per 100 members, annualized | 4% |
| Average loan balance | $320 |
| Loans granted, annualized | $2.0M |

## Flags firing in the latest filing

- **thin capital** (`cap_low`)
- **capital below 7%** (`cap_critical`)
- **net worth falling** (`cap_falling`)
- **losing money** (`earn_negative`)
- **expense trap** (`earn_opex`)
- **margin squeeze** (`earn_nim_squeeze`)
- **delinquency 2x band** (`aq_dq_high`)
- **charge-offs p90** (`aq_nco_high`)
- **repo signal** (`aq_repo`)
- **assets shrinking** (`shrink_assets`)
- **loan book shrinking** (`shrink_loans`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 2 | expense trap, auto monoline |  |
| 2016-06 | 2 |  |  |
| 2016-09 | 2 |  |  |
| 2016-12 | 2 |  |  |
| 2017-03 | 5 | net worth falling, losing money, members leaving |  |
| 2017-06 | 4 | delinquency rising | losing money, members leaving |
| 2017-09 | 5 | losing money, delinquency 2x band | net worth falling |
| 2017-12 | 5 |  |  |
| 2018-03 | 7 | net worth falling, charge-offs p90 |  |
| 2018-06 | 5 |  | delinquency rising, delinquency 2x band |
| 2018-09 | 4 |  | net worth falling |
| 2018-12 | 4 |  |  |
| 2019-03 | 3 | net worth falling | losing money, charge-offs p90 |
| 2019-06 | 4 | losing money |  |
| 2019-09 | 3 |  | net worth falling |
| 2019-12 | 5 | delinquency 2x band, delinquency rising |  |
| 2020-03 | 6 | thin capital, net worth falling, charge-offs p90, members leaving | expense trap, delinquency 2x band, delinquency rising |
| 2020-06 | 9 | capital below 7%, margin squeeze |  |
| 2020-09 | 2 |  | auto monoline, losing money, net worth falling, charge-offs p90, members leaving, capital below 7% |
| 2020-12 | 4 | losing money, expense trap |  |
| 2021-03 | 5 | delinquency 2x band, charge-offs p90 | losing money |
| 2021-06 | 5 | delinquency rising | charge-offs p90 |
| 2021-09 | 5 |  |  |
| 2021-12 | 7 | net worth falling, members leaving, loan book shrinking | delinquency rising |
| 2022-03 | 8 | delinquency rising, charge-offs p90 | net worth falling |
| 2022-06 | 7 |  | margin squeeze |
| 2022-09 | 5 |  | thin capital, loan book shrinking |
| 2022-12 | 4 |  | charge-offs p90 |
| 2023-03 | 8 | thin capital, net worth falling, losing money, auto monoline |  |
| 2023-06 | 5 |  | delinquency rising, thin capital, net worth falling |
| 2023-09 | 5 | charge-offs p90 | losing money |
| 2023-12 | 5 | thin capital, net worth falling, repo signal | members leaving, auto monoline, charge-offs p90 |
| 2024-03 | 8 | losing money, charge-offs p90, assets shrinking, 3rd-party paper>100% NW | repo signal |
| 2024-06 | 12 | capital below 7%, delinquency rising, repo signal |  |
| 2024-09 | 10 |  | net worth falling, delinquency rising |
| 2024-12 | 10 | loan book shrinking | repo signal |
| 2025-03 | 12 | net worth falling, margin squeeze, repo signal | 3rd-party paper>100% NW |
| 2025-06 | 11 |  | margin squeeze |
| 2025-09 | 12 | margin squeeze |  |

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

- 2025-07-30 [Hope Credit Union to Merge with 1st Choice Credit Union - PR Newswire](https://news.google.com/rss/articles/CBMisAFBVV95cUxNNWVNblprLUVYdDhIdUJfdjY4VDV6aFVGWmptYk83Z2kxMzBSZ2M1T1VoMjRiZ2hmUjI3Njl1b1NEMDZ0RWFYVzFmc3dXNXpxdFh0aTFCdmxuenJaMU4wNTNxaGx3WGpkTHl0WUZvR29ZWkY3UTg5THAtbWpubnNBQkdmYzlHV0FER21SREdzbzZiRXhQd1pNS0lKemNTdEctMkhuaXRCeVBSOEl6TVpkVw?oc=5) · PR Newswire
- 2025-08-06 [Hope Credit Union Expands Into Georgia With Merger of Atlanta-Based 1st Choice - CUTimes](https://news.google.com/rss/articles/CBMitAFBVV95cUxOejNtZVlNcmFxTi1sWXJ2TklvbEJjd3N1WWx2VkZ2YXNBQnN2c0s3SHFnUHVMVmhGakJmU2U0Y0hCaFFWS3g1M3RzLW5sbXNNaWRRTTJQdkcxVUJwLVV1bUtNMy0zdVJIMGtSUF8ybDZxMEZiY2RwR3dMZFg5THdGZ2RSM3pzeEREd0tRMVBwR3pVWFZUMVVjVmdlNTkwUW1LekxIMlV4SmV0Uk1NYlkxS2o1R3A?oc=5) · CUTimes
- 2025-07-31 [Credit union for Grady hospital employees to merge with Mississippi institution - The Business Journals](https://news.google.com/rss/articles/CBMikAFBVV95cUxPVzJqYVRJanJTZ0RsRUV1aTk3eTZSWUlnWUFyN1N5WG5OM1VsajZ2QUoyRHV2Tm1MOGd3d2VVQWVtd3E5bG8wQkxUdWlsMWtpVExXYWJYTWNWUzlDN0dFOHZuTHBzRTlCVWNoa19GVmlnd3ZEZW9FSnd5YUFBVlpQbXVQWHFsZmRPZEtBUV83bXk?oc=5) · The Business Journals
- 2025-08-19 [Atlanta credit union merging with top Black and woman-owned financial co-op - AJC.com](https://news.google.com/rss/articles/CBMiswFBVV95cUxQNmpmSUtCUlhUUG5lSm5jODVLOERkYTNYcTNhMldteFh2c1dNdm9jN2R5RWMzcG1EeDdtVkpSRS1nakNzQWpKRGhJUzhqZF9DeFZXTjFucjIyaXdNR3JmOGV1R25mZmtRLVRVQXVVRm05dnV3eUUwSGZMbFBmbTNXSUFmTGNmQzF2bGRsenJyYlYxUHZVZXhNNEVLUU8xcW9RbVd3T2hxeGJJQzhKYXVNeDVxNA?oc=5) · AJC.com
- 2025-08-22 [Two Major Financial Institutions Merge To Serve The Greater South - Black Enterprise](https://news.google.com/rss/articles/CBMifkFVX3lxTE83eDRGVE9vNG1kOE90M3JzZmZtQmtWS3FHMHhiREoxaXUwSTlHWFpvMl9nV1BQVTJjUWtHdkZWZkpPQ05tMmdycFJQVThTQmFBQ2FOSE1SVDdKS2VDZDhTc0o2bmw1TlRIaTJPQ3NmR3liUmw1di1DWDZxVkpoZw?oc=5) · Black Enterprise
- 2024-07-02 [2012-2024 List Of Failed Credit Unions - Bankrate](https://news.google.com/rss/articles/CBMib0FVX3lxTFBqUTBmbUhvaEh6UXpMOERnZTMzUjU2djBQVUVxMHd4UmZFRF84OWFtelZtZXQ3eTF5ZE5fbE5YVTRIUWd2dDVDWjZxZ3F4d3gwRFhMV2FyT21RWXlTLVVoRTE5Z0R1Ql9iMHVmYndZUQ?oc=5) · Bankrate
- 2020-07-01 [Black-Owned Banks by State - Investopedia](https://news.google.com/rss/articles/CBMicEFVX3lxTFB5NHlXMVFqNU0wTjdESlM2b0g4OGp5ODQ0cTNtOW83eFBEMTBWbl9kUUp4VTNHX3plLVBlS3J1X3VNMGdhcDVaajZrZTJlX3RuS3FPNjJHWkNBSlRxbExsUFVlbUJfTjhZa3B3TS02Q2M?oc=5) · Investopedia
- 2025-04-13 [Rev. James Wright Obituary in Union Point at Watts Funeral Home - articobits.com](https://news.google.com/rss/articles/CBMiigFBVV95cUxNeGxsaXlaTXFqNVBJMWJxaXhhM3FnVmlZcFY4OVozTVNCZXdKZU1NS2EzUF84LXRjV3ZRTEtnempQVDBoNlF2enhWc2o0SGJIWFk5cUMwVk5pbjBOUndKMTJta1dXalhSZmVjMGVjb1A2S0MwclZuZDFSNjA2dlpRUEtfaW1DWHVidWc?oc=5) · articobits.com

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=67505 (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/49.json (key "67505", 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=67505
- 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