# FIRST CENTRAL
Waco, TX · NCUA charter 67644 · asset band $100-200M · latest filing 2026-03 · live
Share link (named URL with a preview card): https://getbookiq.com/cu/first-central-67644

Who the members are: state charter, organized 1937, low-income designated. 20,753 members of 100,000 potential (20.8% of the field); checking penetration 72% (share draft accounts per 100 members); loans per 100 members 44.

**Verdict on the desk:** this could be *liquidity-rich*. Composite score 4 of 18 (one point per flag across 17 flags, capital below 7% counted twice).

## What the filing shows

| Measure | Value |
|---|---|
| Total assets | $188.4M |
| Members | 20,753 (2.2% YoY) |
| Full-time staff | 58 |
| Net worth | $29.7M |
| Net worth ratio | 15.8% (p86 of band) |
| ROA (annualized) | 1.35% (p84 of band) |
| Total delinquency | 1.98% (p93 of band) |
| Net charge-offs (annualized) | 0.97% (p89 of band) |
| Loans / shares | 57% (p27 of band) |
| Cash / assets | 24.3% |
| Borrowings / assets | 0.00% |
| Net interest margin | 4.17% (p78 of band) |
| Operating expense / assets | 5.77% (p95 of band) |
| Vehicles % of loans | 48% (p68 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 9% |
| Third-party paper % of net worth | 14% (p44 of band) |
| Vehicle delinquency | 2.95% (p96 of band) |
| Vehicle NCO | 1.03% (p74 of band) |
| Repossessed % of vehicle book | 1.18% (p98 of band) |
| Real estate % of loans | 32% |
| Credit cards % of loans | 3% |
| Unsecured % of loans | 14% |
| Commercial % of net worth | 5% |
| Core shares % of member funds | 66% |
| Certificates % of member funds | 21% |
| Average share balance | $3,955 |
| Participations bought / yr | $0 |
| Participations sold / yr | $0 |
| Participations outstanding | $16,376 |
| Loans outstanding per 100 members | 44% |
| Loans granted per 100 members, annualized | 19% |
| Average loan balance | $9,838 |
| Loans granted, annualized | $28.7M |

## Participation posture (from the same filings)

Bought $0 and sold $0 in the latest annualized quarter; $16,376 outstanding purchased (0.1% of net worth), $0 sold and retained. Sold in 0 and bought in 3 of the last 8 quarters. Shares 6.1% year over year.

## Flags firing in the latest filing

- **net worth falling** (`cap_falling`)
- **expense trap** (`earn_opex`)
- **delinquency 2x band** (`aq_dq_high`)
- **repo signal** (`aq_repo`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 3 | expense trap, delinquency 2x band, repo signal |  |
| 2016-06 | 3 |  |  |
| 2016-09 | 3 |  |  |
| 2016-12 | 3 |  |  |
| 2017-03 | 3 |  |  |
| 2017-06 | 3 |  |  |
| 2017-09 | 3 |  |  |
| 2017-12 | 3 |  |  |
| 2018-03 | 3 |  |  |
| 2018-06 | 3 |  |  |
| 2018-09 | 3 |  |  |
| 2018-12 | 3 |  |  |
| 2019-03 | 3 |  |  |
| 2019-06 | 3 |  |  |
| 2019-09 | 3 |  |  |
| 2019-12 | 3 |  |  |
| 2020-03 | 5 | net worth falling, charge-offs p90 |  |
| 2020-06 | 6 | margin squeeze |  |
| 2020-09 | 5 |  | net worth falling |
| 2020-12 | 3 |  | repo signal, charge-offs p90 |
| 2021-03 | 5 | net worth falling, repo signal |  |
| 2021-06 | 4 |  | net worth falling |
| 2021-09 | 3 |  | margin squeeze |
| 2021-12 | 3 |  |  |
| 2022-03 | 3 |  |  |
| 2022-06 | 4 | charge-offs p90 |  |
| 2022-09 | 3 |  | charge-offs p90 |
| 2022-12 | 4 | charge-offs p90 |  |
| 2023-03 | 4 | net worth falling | charge-offs p90 |
| 2023-06 | 2 |  | repo signal, net worth falling |
| 2023-09 | 3 | repo signal |  |
| 2023-12 | 3 |  |  |
| 2024-03 | 4 | delinquency rising |  |
| 2024-06 | 4 |  |  |
| 2024-09 | 4 |  |  |
| 2024-12 | 4 |  |  |
| 2025-03 | 4 |  |  |
| 2025-06 | 3 |  | delinquency rising |
| 2025-09 | 3 |  |  |
| 2025-12 | 3 |  |  |
| 2026-03 | 4 | net worth falling |  |

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

- 2026-03-18 [First Central Credit Union breaks ground on new Waco corporate office - KWTX](https://news.google.com/rss/articles/CBMioAFBVV95cUxQb3NYTUNpLTlTRDBfbldpeWNQQ0Vnay0tOWVxLXhXRFlIZ2plNFVjcnVGaXZ4ZTV4QnhqX2FILUNjNV8tOGJPUWc4cll3WmN0dTVDVXJ5ekdUanFMX3l0UGZnSW84UGxMR1FuR2FhakRkY05JRjVkS21oM3Y4M1FTRjBCOEpSSkwyTW9MVE4zSERZNWpoT0NhNXp5VjZQeGw30gG0AUFVX3lxTE1FTU5vaDNqNkpZLVRzcVk0emtselU2LWRVSDVNS1U2SElYSG1xbG1RVHlqZEtKX2JGV3cyQV9BSXpUbThxY3NpUFptcVo2cjEyLTY2T1M5dXFhclVGUmZSdGY3azdxNmFldnUwZzRhTlYxLTVnMFVZYXhkbjBhN0p3ZXc2aWJPaDNpS2ZrRmxVc1gyMWxkTlp3MXQ2TWJLOHZ0cGh6NWhJZF9ZOG5uLUthZWo4ZA?oc=5) · KWTX
- 2026-03-18 [Central Texas Banking Boom: Groundbreaking Times Two - KWKT - FOX 44](https://news.google.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?oc=5) · KWKT - FOX 44
- 2026-03-18 [First Central Credit Union breaks ground on new Waco corporate office - KWTX](https://news.google.com/rss/articles/CBMiqAFBVV95cUxQNWRCeDhjaU1uZVRibExxVHVESGY1WTQ4czhhNG9RSzFac0czVVdMQ0VpRjJHVGFnU0E2YWltS3k2MGp4bFRoZmExRGNWSzRxazRhWVZtbmZqOUdOLTZaQmFJYlhkblZ3dEFvd0NDdjdkTWw1UlVPRkpEWjBZQmpUMkJ4UXlnbEI3dXpWU3pYMi0zalVzeHA3NG9HQl9wRWVwSHNCUURCM1M?oc=5) · KWTX
- 2025-10-15 [First Central CEO Jo Betsy Tyler Elected to Cornerstone League Board - Brownwood News](https://news.google.com/rss/articles/CBMirwFBVV95cUxQWWpkZndydm40QlZralR4RnhLdHdRcS1ITUdwc2kydUgxc2RjM3FRRmo3TWd5VmVmNE9jUEt5RkdfNGpMaTl1RGRJTV9iZU9mQWgwRXlIdzM3OHhpQ3lCcTdJY041WDR1TDExWEJ2N0pZNXRnNF96Qmlob0Joa2ZoY2dDV2trTkdLU3BWR0h6UUJuVkdUNi1Dd0xIWC1QUEtOeDBDSndiUmJrejg4RDlN?oc=5) · Brownwood News
- 2026-07-13 [Heart of Texas Readers' Choice 2026: Here are the winners - Waco Tribune-Herald](https://news.google.com/rss/articles/CBMijwFBVV95cUxPVktZVzE2Y1VKMkRvNWFCd0pKcllCWTZrdWJyanVJWXpXTnJWaVcza29POGpkbVRkTmUtQkZIbnVuTmE0bDNSZVE4MHBmNndRdFdlVGdDT2w1U3FlSjBhZF9iYnhiN2gwUF9GbEdzN2ZjQ3FJSXlYaWtRMVlzQXBzWWFFX0VNeGZOWlFtSER0bw?oc=5) · Waco Tribune-Herald
- 2021-05-06 [Man overcharged $1.3K for breakfast, company refunds the money - KXXV](https://news.google.com/rss/articles/CBMipwFBVV95cUxNT3c4cThjVGhPNEU0Q1NkQ3NaYnhOTS1BWUpENTMyUHpCcms4akdvR09uak15MFdiV0JYakxYa3dFNkpRWUhxS0JXcnBhUExMcG1Sb1hSaEcyTk5HNlVEMDA2MUFZbXoxMkdxbEdPVjlEZ0htemZjR0xOeWQ2WVhCMUVfYm1UQ2xSakZnRGJRWVRlUDd3ZjBuWFNwNmozRmdNWnFnRFhYbw?oc=5) · KXXV
- 2026-07-21 [Kicks for Kids collection ongoing, event slated for Aug. 7 at Citizens National Bank - Brownwood News](https://news.google.com/rss/articles/CBMiwgFBVV95cUxPaFRQLVFJNVpKd0ZSUlEwSzY3enotMzFNbWdmYmNneVVnLWJ3UW9mUjRVcE5pcW1PQWFwMTQ1TEhxMlAyeFMzdnZibmlSLXhrcTNBSnBMazRvUFhNRmk5NWNUVnBGZldIMHk3VEVHOUpKbDlPRkE0ajNiUElaQkhPYWwwaGZLZ1VGeElFVEduY1RXYVBJZGhzY05ZMDlqTG1BamJCZW53QTRSUEl1TEpaZEpMWE9sMXlXNTl6UHZ5UFZzQQ?oc=5) · Brownwood News
- 2025-07-15 [Heart of Texas Readers' Choice 2025: Here are the winners - Waco Tribune-Herald](https://news.google.com/rss/articles/CBMijwFBVV95cUxPRlRfU0xpMHpfMmlISDgxb1RmT2FuR1oyMllPczFrQUU1MHFGMHRmLXVsLTkzRDNDRnQ4RjgxNlZlSlNKbDNZUVY0WERWeVhlVWFmSGpsN3pYSlkxNmRzVm5LYTRfODJHelFEOXZyVlItczZoVW0xYTQzS0JONHpicmQ0ZVNNR1FVQzYyWWpaOA?oc=5) · Waco Tribune-Herald

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=67644 (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/60.json (key "67644", 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=67644
- 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