# FIRST BASIN
Odessa, TX · NCUA charter 67609 · asset band $200-500M · latest filing 2026-03 · live
Share link (named URL with a preview card): https://getbookiq.com/cu/first-basin-67609

Who the members are: state charter, organized 1965, low-income designated. 30,078 members of 760,765 potential (4.0% of the field); checking penetration 72% (share draft accounts per 100 members); loans per 100 members 28.

**Verdict on the desk:** this could be *liquidity-rich*. Composite score 2 of 18 (one point per flag across 17 flags, capital below 7% counted twice).

## What the filing shows

| Measure | Value |
|---|---|
| Total assets | $340.1M |
| Members | 30,078 (0.3% YoY) |
| Full-time staff | 96 |
| Net worth | $38.7M |
| Net worth ratio | 11.4% (p53 of band) |
| ROA (annualized) | 0.50% (p36 of band) |
| Total delinquency | 0.30% (p21 of band) |
| Net charge-offs (annualized) | 0.79% (p83 of band) |
| Loans / shares | 56% (p14 of band) |
| Cash / assets | 8.3% |
| Borrowings / assets | 4.41% |
| Net interest margin | 3.42% (p40 of band) |
| Operating expense / assets | 4.62% (p86 of band) |
| Vehicles % of loans | 44% (p71 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 36% |
| Third-party paper % of net worth | 65% (p46 of band) |
| Vehicle delinquency | 0.63% (p55 of band) |
| Vehicle NCO | 1.59% (p85 of band) |
| Repossessed % of vehicle book | 5.74% (p100 of band) |
| Real estate % of loans | 32% |
| Credit cards % of loans | 2% |
| Unsecured % of loans | 4% |
| Commercial % of net worth | 73% |
| Core shares % of member funds | 72% |
| Certificates % of member funds | 4% |
| Average share balance | $4,870 |
| Participations bought / yr | $0 |
| Participations sold / yr | $0 |
| Participations outstanding | – |
| Loans outstanding per 100 members | 28% |
| Loans granted per 100 members, annualized | 6% |
| Average loan balance | $18,749 |
| Loans granted, annualized | $31.4M |

## Flags firing in the latest filing

- **repo signal** (`aq_repo`)
- **loan book shrinking** (`shrink_loans`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 1 | repo signal |  |
| 2016-06 | 1 |  |  |
| 2016-09 | 1 |  |  |
| 2016-12 | 3 | net worth falling, 3rd-party paper>100% NW |  |
| 2017-03 | 3 |  |  |
| 2017-06 | 4 | loans>95% of shares |  |
| 2017-09 | 3 |  | repo signal |
| 2017-12 | 5 | repo signal, leaning on borrowings |  |
| 2018-03 | 3 |  | net worth falling, leaning on borrowings |
| 2018-06 | 3 |  |  |
| 2018-09 | 2 |  | repo signal |
| 2018-12 | 3 | delinquency 2x band, delinquency rising | loans>95% of shares |
| 2019-03 | 4 | charge-offs p90 |  |
| 2019-06 | 4 | loan book shrinking | delinquency 2x band |
| 2019-09 | 4 |  |  |
| 2019-12 | 3 |  | delinquency rising |
| 2020-03 | 4 | margin squeeze |  |
| 2020-06 | 5 | net worth falling, losing money | loan book shrinking |
| 2020-09 | 5 | delinquency 2x band, repo signal | net worth falling, losing money |
| 2020-12 | 5 |  |  |
| 2021-03 | 4 |  | delinquency 2x band |
| 2021-06 | 2 |  | margin squeeze, repo signal |
| 2021-09 | 3 | expense trap |  |
| 2021-12 | 3 |  |  |
| 2022-03 | 5 | delinquency 2x band, repo signal |  |
| 2022-06 | 6 | delinquency rising |  |
| 2022-09 | 3 |  | charge-offs p90, delinquency 2x band, delinquency rising |
| 2022-12 | 4 | net worth falling |  |
| 2023-03 | 4 | charge-offs p90 | repo signal |
| 2023-06 | 3 |  | net worth falling |
| 2023-09 | 3 | auto monoline | charge-offs p90 |
| 2023-12 | 5 | charge-offs p90, members leaving |  |
| 2024-03 | 5 | delinquency rising, assets shrinking | auto monoline, charge-offs p90 |
| 2024-06 | 3 |  | delinquency rising, assets shrinking |
| 2024-09 | 3 |  |  |
| 2024-12 | 3 | charge-offs p90 | members leaving |
| 2025-03 | 2 | leaning on borrowings | expense trap, charge-offs p90 |
| 2025-06 | 4 | net worth falling, loan book shrinking |  |
| 2025-09 | 3 | repo signal | 3rd-party paper>100% NW, net worth falling |
| 2025-12 | 3 |  |  |
| 2026-03 | 2 |  | leaning on borrowings |

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

- 2020-10-21 [First Basin Credit Union invites Permian Basin to be a shining star for needy children - newswest9.com](https://news.google.com/rss/articles/CBMiggJBVV95cUxNMWkxbzhuOWlnb1RyQzlFRUVKVi0zTzZTaG1SZzJJRE1TSWtLQUVmc0V4MWJGQmFMdXZhbzRTSzdfbS16NDI0YjVMUU82c0dwMTRTSVFWaU9meENsRkdDM1pxS0hKenJUQkh1NjhSVzgxQ25aYkV6Y2V5VDRXLTFfV3VtQ3FMdm9MdlFnTDQ1d2QtYXNUUk9tUm8tTkJxQVJpZ0ZfaU1VbVFlTS1vNkVfakJFUl9yYXpzeG1ZZXF3ajJSS3k0cnNCOThnU3FxalN3MkJaLUdhWXI1MFVCVzd0dDhOTDFDQVFfM1RNQnZYOWg0NFdmcjdLYTJ3d0FwOHhyeGc?oc=5) · newswest9.com
- 2026-05-12 [United Way of Odessa hosts their annual telethon - CBS7](https://news.google.com/rss/articles/CBMijgFBVV95cUxOMTVXdHdHZXQtMEdtbmd2UXd4MTRfRjRKQTdQb1Nsck1yQlQ5T0xEOTR3U2JLX0VGUzl3T3ZGYzBCZExfUHoxQjdfNGdmMUJmeDRKa3AzS0trdG81TDJrR00wbXl1azVnVUVVTF9OeUs4ZU5wbzRvU1R3Vm8wQy04Zk4xbFkzQm5yRElkeEJ30gGiAUFVX3lxTFA0eGZEMG1telNtckpUMmlCNENOdjlzTE1FOVJlbmdicVphV1luOVZHVE9ieVc0OWFXUTYxWnJmSkg4MDVCaFp0WWdRVXZPdXdYclhPNzlBS2pGQmtQbmQ3cGxULW1yMjlJeTV4WjVWY2Q4bjVzUzM3M3JTY0E4djBRUmdmYjkzTENjZThDdjJkaVlyUi1wVzhZZVk5TUJwZ09xUQ?oc=5) · CBS7
- 2008-04-15 [Petition Filed Over First Basin Credit Union - newswest9.com](https://news.google.com/rss/articles/CBMiwgFBVV95cUxQeFNzN040Ni11RlVkQTRXVEZ1Q3NxeGtkaWU3eFBqai04S25QWmZUWjBCbkZzN1oxRWpaTmpNOTRxZDcxVnNiTGgybHVvaG14VzJqNEpWWW5maDZZdDZSMmFyaWtmVkJSWGs5Q0R5R2g0bExpQ214djI5NkRfd0pSbXV5N3dwMVB4aUFucEtPM2xqbmt4Vnp3S1JMekxLWmM1YjlTSmVuaUJEMFhJNlFsS1gxWDBvUGpxWFNMZTdzSVBPZw?oc=5) · newswest9.com
- 2025-04-04 [Police Blotter: Four intoxication reports made Sunday - The Daily Toreador](https://news.google.com/rss/articles/CBMimwFBVV95cUxPVl9qY2h2aFNVMkxiUnNrQWkwZzhCUG1fMExvNDB0R2RWQWNNWmswSmtfMTRlbHNPZ21wN0E1cTFUaTE0ZnAtWDJaVFhyMElpeUJQcnp0U2lQaGdGVk94bTBsaV8wa2ZLSTlMaWlSMkM1ZHV1bUExZUc5NndiR2NjQlptRm9CZktJeEIzbkNWeHpDRmZFejV5VGtUWQ?oc=5) · The Daily Toreador
- 2020-11-17 [Wayne Boring, Jr. Obituary Nov 17, 2020 - Sunset Memorial Gardens & Funeral Home](https://news.google.com/rss/articles/CBMiZEFVX3lxTE9hZ2l1VXNPdnBYejFNeXpkRThjUHhubmUyaHdGWVUxWDljZFp3QWNMX09VYi1oTm5KUTJPRTRkMmktczBxb1o2ZnM3eWZNZGdHaUp3czR4UkJ2aExzVG1mLUdzSTM?oc=5) · Sunset Memorial Gardens & Funeral Home
- 2021-12-02 [Christmas comes to town: McKinney Park dazzles again with light show - Odessa American](https://news.google.com/rss/articles/CBMiogFBVV95cUxNVHlJMllPb0FjdzU1WmtndWQ4X0pzNEUwQW9FYVZxZW5oVDVyUHZudDVVYk9oWVh1Y1VnUTUzVDJZSTBuZHlhdHpwaGlvdERHeXJaX05DYnl3c0xfaVp6TW92YThpS0xoVEw0eVVpTjZ6TWl0aGs0RW52NUtvb1l1RktaNVhxcC04STFTNWxfQjQ5U3gxTlU4d3drdmowOUJ1X2c?oc=5) · Odessa American
- 2019-06-26 [Man sentenced for Odessa bank robbery - CBS7](https://news.google.com/rss/articles/CBMimAFBVV95cUxOTzd6SXJmR3R5V0RVNVRIVnJJM0FfSTdPZjQzT2dCU0JRaHNaQk1hNnNiZExqYjRCa1BjNkJvS09kanViUnNOSTloVkxKV1pDUS1nVU8yYUg0T19qTW52SDBsdGNHaVE1bEZJS0FMSEZjTVFmT0VtMDNUb25BUEtpLUYtS2EtWXFJSWIwR2kzZHBFT29BeW55StIBrAFBVV95cUxOTjBBUnQydmcxbHhQa0h0N0U2TUhRYlNfeVFLMlZJUS1XZ0JIWGExYUNrSTJJMlJqNkhhY29BQXJfaUVEUzdxNGVRNzc1c3BoNWRqY1RrdUVFR0F1Zi1oN3ByQzJuVzU5SWNMOUktbnVFdGkwWnI4Sm96amNJdDFYWjlReDlHcEVpMmJGV0JIMHl5Vkl5LXZhSDhQNlo1dUhIUEF3eFkwTGNRcV9U?oc=5) · CBS7
- 2024-09-30 [Chamber welcomes Leadership Odessa Class of 2024-25 - Odessa American](https://news.google.com/rss/articles/CBMilwFBVV95cUxOd2pMeWRlOUZGN1k2c3IzbWwzQ1BYZzZqZFpoWUUwd3hWWkJkMDJDUjlva2FRVnp5VU00Zy1neVlMNlN2Ykk1a1VrR0dRYzRBekgwcEYzZzlsLUVLTTVWdnZmN0V4WHBhVFg1TzVmRnpkeHBld0pOc1IzSXBsZlNNUjFPRjJ6dnNrT25tVTVDSmdtNC1IbGdj?oc=5) · Odessa American

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=67609 (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/25.json (key "67609", 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=67609
- 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