# FIRST CLASS AMERICAN
FORT WORTH, TX · NCUA charter 67652 · asset band $50-100M · latest filing 2021-03 · stopped filing after 2021-03 (departed; for a credit union that is almost always a merger)
Share link (named URL with a preview card): https://getbookiq.com/cu/first-class-american-67652

Who the members are: state charter, organized 1929. 5,955 members of 2,102,515 potential (0.3% of the field); checking penetration 28% (share draft accounts per 100 members); loans per 100 members 46.

**Verdict on the desk:** this could be *stressed*. Composite score 5 of 18 (one point per flag across 17 flags, capital below 7% counted twice).

## What the filing shows

| Measure | Value |
|---|---|
| Total assets | $60.0M |
| Members | 5,955 (-0.1% YoY) |
| Full-time staff | 11 |
| Net worth | $4.2M |
| Net worth ratio | 7.1% (p8 of band) |
| ROA (annualized) | 0.71% (p72 of band) |
| Total delinquency | 0.47% (p61 of band) |
| Net charge-offs (annualized) | 0.39% (p79 of band) |
| Loans / shares | 73% (p85 of band) |
| Cash / assets | 23.8% |
| Borrowings / assets | 0.00% |
| Net interest margin | 2.63% (p64 of band) |
| Operating expense / assets | 3.58% (p74 of band) |
| Vehicles % of loans | 72% (p92 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 39% |
| Third-party paper % of net worth | 267% (p95 of band) |
| Vehicle delinquency | 0.61% (p72 of band) |
| Vehicle NCO | 0.57% (p78 of band) |
| Repossessed % of vehicle book | 0.00% (p39 of band) |
| Real estate % of loans | 14% |
| Credit cards % of loans | 3% |
| Unsecured % of loans | 5% |
| Commercial % of net worth | 0% |
| Core shares % of member funds | 58% |
| Certificates % of member funds | 21% |
| Average share balance | $6,321 |
| Participations bought / yr | $0 |
| Participations sold / yr | $0 |
| Participations outstanding | – |
| Loans outstanding per 100 members | 46% |
| Loans granted per 100 members, annualized | 7% |
| Average loan balance | $14,718 |
| Loans granted, annualized | $13.3M |

## Flags firing in the latest filing

- **thin capital** (`cap_low`)
- **delinquency rising** (`aq_dq_rising`)
- **loan book shrinking** (`shrink_loans`)
- **3rd-party paper>100% NW** (`str_thirdparty`)
- **auto monoline** (`str_vehicle`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 2 | thin capital, 3rd-party paper>100% NW |  |
| 2016-06 | 2 |  |  |
| 2016-09 | 2 |  |  |
| 2016-12 | 2 |  |  |
| 2017-03 | 4 | delinquency rising, members leaving |  |
| 2017-06 | 3 |  | thin capital |
| 2017-09 | 3 | thin capital, auto monoline | delinquency rising, members leaving |
| 2017-12 | 4 | net worth falling |  |
| 2018-03 | 5 | losing money |  |
| 2018-06 | 5 |  |  |
| 2018-09 | 7 | delinquency rising, loans>95% of shares |  |
| 2018-12 | 5 |  | delinquency rising, loans>95% of shares |
| 2019-03 | 6 | delinquency rising |  |
| 2019-06 | 6 |  |  |
| 2019-09 | 7 | loan book shrinking |  |
| 2019-12 | 6 |  | loan book shrinking |
| 2020-03 | 7 | capital below 7% | delinquency rising |
| 2020-06 | 7 |  |  |
| 2020-09 | 5 |  | net worth falling, losing money |
| 2020-12 | 6 | delinquency rising |  |
| 2021-03 | 5 | loan book shrinking | capital below 7% |

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

- 2013-05-31 [Fort Worth angel network makes fourth investment - The Business Press](https://news.google.com/rss/articles/CBMikAFBVV95cUxPbDFfT1hYNTMxYWh2cVppR0M3S1prQ3g5NE1XUXBITkRnSHFFcTFZcWh2Zm05MENKV05GV19VR3JXNTFwQ0NBMkd1d2I5ZE1xRnYzMk9adHpPOWJXX25ZVTB3U3RxWmVfS1lwNExLMkZGdEkxNVZNSkFLMTc2S0hKamxsU0xLM3ZBeE1PcldRYjg?oc=5) · The Business Press
- 2016-08-13 [List of banks that support Apple Pay in the United States - 9to5Mac](https://news.google.com/rss/articles/CBMie0FVX3lxTE15UkVmX3k3aURqZXBKcFZCVTJuMEEzWTlLUEpQRDdTR25DQ2lPVXZGeEYycEVZcXl5RThsdlg3aUV6WHZFdWIzWDBUR2ZsT2FUcG1JWU5mbzJ3bVRUT0NjaEFFQXJaV0o1RklzdW03bzN2MXJoV3B1aFhEWQ?oc=5) · 9to5Mac
- 2018-10-02 [Here are all of the banks that currently support Apple Pay - iMore](https://news.google.com/rss/articles/CBMid0FVX3lxTE9ZY3JkQUdrNTNjWmMzVFk2QXBlWExaRnI3bjVsQ28wVlFRWUc5TEVWMm5TWkZ6RmtKTTNZRUhKbExyS25yb2pnRTc5VklBeW13Mzk0aU9MWVNGbHpiMDJUM1pfOVFvdFhCdGpNLUJQVG9ybXYzNlc4?oc=5) · iMore

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=67652 (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/4.json (key "67652", 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=67652
- 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