# FIRST CHOICE
WEST PALM BEACH, FL · NCUA charter 67725 · asset band $100-200M · latest filing 2026-03 · live
Share link (named URL with a preview card): https://getbookiq.com/cu/first-choice-67725

Who the members are: state charter, organized 1929, low-income designated. 8,341 members of 1,832,993 potential (0.5% of the field); checking penetration 71% (share draft accounts per 100 members); loans per 100 members 1570.

**Verdict on the desk:** this could be *participation buyer*. Composite score 3 of 18 (one point per flag across 17 flags, capital below 7% counted twice).

## What the filing shows

| Measure | Value |
|---|---|
| Total assets | $155.4M |
| Members | 8,341 (-5.9% YoY) |
| Full-time staff | 26 |
| Net worth | $16.6M |
| Net worth ratio | 10.7% (p37 of band) |
| ROA (annualized) | 0.33% (p26 of band) |
| Total delinquency | 0.47% (p39 of band) |
| Net charge-offs (annualized) | 0.36% (p53 of band) |
| Loans / shares | 55% (p25 of band) |
| Cash / assets | 17.1% |
| Borrowings / assets | 0.00% |
| Net interest margin | 2.88% (p10 of band) |
| Operating expense / assets | 2.61% (p16 of band) |
| Vehicles % of loans | 59% (p84 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 0% |
| Third-party paper % of net worth | 175% (p83 of band) |
| Vehicle delinquency | 0.21% (p22 of band) |
| Vehicle NCO | 0.68% (p59 of band) |
| Repossessed % of vehicle book | 0.00% (p32 of band) |
| Real estate % of loans | 37% |
| Credit cards % of loans | 2% |
| Unsecured % of loans | 3% |
| Commercial % of net worth | 0% |
| Core shares % of member funds | 60% |
| Certificates % of member funds | 18% |
| Average share balance | $8,739 |
| Participations bought / yr | $18.5M |
| Participations sold / yr | $0 |
| Participations outstanding | $29.1M |
| Loans outstanding per 100 members | 1570% |
| Loans granted per 100 members, annualized | 535% |
| Average loan balance | $599 |
| Loans granted, annualized | $25.9M |

## Participation posture (from the same filings)

Bought $18.5M and sold $0 in the latest annualized quarter; $29.1M outstanding purchased (175.2% of net worth), $0 sold and retained. Sold in 0 and bought in 8 of the last 8 quarters. Shares 0.3% year over year.

## Flags firing in the latest filing

- **delinquency rising** (`aq_dq_rising`)
- **members leaving** (`shrink_members`)
- **3rd-party paper>100% NW** (`str_thirdparty`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 0 |  |  |
| 2016-06 | 0 |  |  |
| 2016-09 | 1 | delinquency 2x band |  |
| 2016-12 | 1 |  |  |
| 2017-03 | 1 | delinquency rising | delinquency 2x band |
| 2017-06 | 1 | net worth falling | delinquency rising |
| 2017-09 | 0 |  | net worth falling |
| 2017-12 | 0 |  |  |
| 2018-03 | 0 |  |  |
| 2018-06 | 0 |  |  |
| 2018-09 | 1 | delinquency 2x band |  |
| 2018-12 | 0 |  | delinquency 2x band |
| 2019-03 | 0 |  |  |
| 2019-06 | 0 |  |  |
| 2019-09 | 0 |  |  |
| 2019-12 | 0 |  |  |
| 2020-03 | 0 |  |  |
| 2020-06 | 2 | net worth falling, members leaving |  |
| 2020-09 | 1 |  | members leaving |
| 2020-12 | 2 | margin squeeze |  |
| 2021-03 | 2 |  |  |
| 2021-06 | 3 | thin capital |  |
| 2021-09 | 2 |  | net worth falling |
| 2021-12 | 3 | delinquency rising |  |
| 2022-03 | 2 | 3rd-party paper>100% NW | margin squeeze, delinquency rising |
| 2022-06 | 2 | members leaving | thin capital |
| 2022-09 | 2 |  |  |
| 2022-12 | 3 | delinquency rising |  |
| 2023-03 | 3 |  |  |
| 2023-06 | 4 | assets shrinking |  |
| 2023-09 | 3 |  | members leaving |
| 2023-12 | 2 |  | delinquency rising |
| 2024-03 | 3 | delinquency rising |  |
| 2024-06 | 1 |  | assets shrinking, delinquency rising |
| 2024-09 | 1 |  |  |
| 2024-12 | 1 |  |  |
| 2025-03 | 2 | charge-offs p90 |  |
| 2025-06 | 3 | delinquency rising, members leaving | charge-offs p90 |
| 2025-09 | 2 |  | delinquency rising |
| 2025-12 | 4 | net worth falling, delinquency rising |  |
| 2026-03 | 3 |  | net worth falling |

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

- 2025-04-08 [America's Best Regional Banks and Credit Unions 2025 - Florida - Newsweek Rankings](https://news.google.com/rss/articles/CBMijgFBVV95cUxOSV9rYjRvVlQwYzdjRjQ5RWNWYk5sNXpzMEpRQml0ZlN2VkI3cmkwMGRmVTI0eERfeG1tTWp6Y0lXZWtIdTc2N2xOYjZyU1ZEQnpOSkgtd2tHTDd2Z3pnbVNvZDFTUXJyZy1iOU1rc1lsaHJnaXVPM0JpX1FSbjVUTkdBWHl3djA5X2ZvN3Zn?oc=5) · Newsweek Rankings
- 2024-11-21 [ROBERT MRVOS - - Weirton Daily Times](https://news.google.com/rss/articles/CBMidEFVX3lxTFBlcVNjUW41dHgxenJndnFiQl9sTDFoUzVaY1JGcU9mb1hETFVhU3ZCZW03NmE1eEtDTV9wbmZBZTY0c2RNOG92aWdKNTZ4OExXZ2lEUXRuTGdVLVRvQmhlb3ViN3B1Ny1rbGo2VENweGZ1NGJo?oc=5) · Weirton Daily Times
- 2021-09-22 [Google Pay growth continues to explode, with dozens upon dozens of new banks signing on - androidpolice.com](https://news.google.com/rss/articles/CBMijAFBVV95cUxQRjVBSkRYUnhSaHFFUTJvZGt2X0R0RnZtcWp6MUUtQjR3R3RXNmc1Umo4Q3NaV0VKVVpsYTRCSVkzb0dfdmhWS05ZWnpQYWh6d3gzc0VVVzBCYXM0MnBCbG9kekdMdnBfZk9selhhTkhDV2pCMGxUNXVlNG5wMmpodURVQWxjanVxT0VhYQ?oc=5) · androidpolice.com
- 2021-11-30 [Sunday Notebook: Daytona company buys Westside apartment complex, now owns seven in Jacksonville - The Florida Times-Union](https://news.google.com/rss/articles/CBMi6AFBVV95cUxPaC1RNF8yZ2czeUlHa0lCOFBQV1ZtZ3ZZaDdaeFBLMEI1S3NuWEhSRy1ja3prYVlXcEFFT1BoRHNIaDRMS3RzZGVESVZpbG9FakxOV1BXbzdNVXRsaldKWld3NXI3bEREUlZJTEEzMzVjXzltNDdxdktBX3ZsOVp3VU1LMV9Lejh3YlZsVGxyOF8xVTZ2NE5KU2RTOUgyOTJMRVFpVkwwSll5OXhndnJIQnFBRmIxb25jN1FPNGNuRmp2VFVqTXFkN2hvN2NTRkdhZU9MWk9OZTE0QlZWb01FcG92NDZnY0RS?oc=5) · The Florida Times-Union
- 2014-05-09 [Ryne William Hiler - Ellwood City Ledger](https://news.google.com/rss/articles/CBMikAFBVV95cUxNaG1zbWY1MkNSY0VyZ2pjYWlVY0psZ1RxTG80VUYwR0xiVjFhWEFra3FwRTczYTRWUkxwaTFXSDBlQ1UtOGZiZGdOLW5fdU5CY3NCOEI2V2Jjd3lDeTZoTXJxY0g1R0FIc0VHTTlPaHNPR3NXV0FINVZKU1owWXExZ0hTdU4wT09uUENBWnVLQTU?oc=5) · Ellwood City Ledger
- 2025-04-08 [Best Banks and Credit Unions in Florida 2024 - Newsweek Rankings](https://news.google.com/rss/articles/CBMijgFBVV95cUxNRXFEVnMyLUZjc2V1alEyX3gyOURGSlVVRnQtZmlaeEVJdTBCak9saDVkVllZNVJGLWZ1R3hqcEJlc3M2MDV6V1NKVjN4MDgzTjlvOS1PQ3kxMmxBd1BEdUpIYkpxbUtKTng2QXhYQllUQ05BSWM4dVFUREdFQnM4WEU4elFtYkZBTVZHdlB3?oc=5) · Newsweek Rankings
- 2018-03-09 [THE BUSINESS OF MEDICINE: Sheila Schweitzer Joins First Choice Healthcare Solutions Board of Directors - Space Coast Daily](https://news.google.com/rss/articles/CBMi1AFBVV95cUxPck82MVcwUFlRVkdFUWNINWxsdjZNX00zNDB0TklLZ2VIanJtVC1sSnRzZTMyVlQxdFhWR2YxeHJEOUowc0VWdkpOa3BqNmVzcUNQQms5YUUwSklpeE85T29qWFNhUDQxNlB6REdPYkQ0YTZRRE5ZZjlwenk5aEZyZDN5QUhwWFp1UmJHXzgxS053U2FuRDVUUHRYWUxBSkdvd2JUQk1LQV9ZdklEOThhYnFBeHR3YWQtQ2pnUU9yS0dLQlJYN0dMbUV6cERoMjhud3VmSA?oc=5) · Space Coast Daily
- 2017-01-23 [VIDEO: First Choice Medical Group’s Dr. Ray DeLorenzi Talks About His Role In ‘Slap Shot’ - Space Coast Daily](https://news.google.com/rss/articles/CBMivAFBVV95cUxOSWM5cWt0QlMyWk1pVHhXYlppb29IM0J2bDBhSnE3dmNJUnUzZ2dnVWhpelZTVzhvT1RrOVhKZW1CTzVSbW1YaldqMWJKNFlfZDllcFNPaHBvVi00Nm56eTNqRlo4TWpKRnpCX1NYQjFEYjFQakpXaDljM01yMWdSanFlY1BuU3B3ZVNTOW9CMll4Y1YtWDB3dEd6NE42ei1BX3B0TW1UN0JzLVQyWHVKRHh6R2g0SnVod0loaA?oc=5) · Space Coast Daily

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=67725 (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/13.json (key "67725", 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=67725
- 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