# FIRST COMMERCE
Tallahassee, FL · NCUA charter 68301 · asset band $1-10B · latest filing 2026-03 · live
Share link (named URL with a preview card): https://getbookiq.com/cu/first-commerce-68301

Who the members are: state charter, organized 1940, low-income designated. 73,982 members of 2,371,029 potential (3.1% of the field); checking penetration 58% (share draft accounts per 100 members); loans per 100 members 42.

**Verdict on the desk:** this could be *indirect 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 | $1.22B |
| Members | 73,982 (-1.5% YoY) |
| Full-time staff | 195 |
| Net worth | $122.9M |
| Net worth ratio | 10.1% (p34 of band) |
| ROA (annualized) | 0.54% (p35 of band) |
| Total delinquency | 0.52% (p40 of band) |
| Net charge-offs (annualized) | 0.41% (p35 of band) |
| Loans / shares | 93% (p72 of band) |
| Cash / assets | 5.4% |
| Borrowings / assets | 5.65% |
| Net interest margin | 3.34% (p52 of band) |
| Operating expense / assets | 3.51% (p66 of band) |
| Vehicles % of loans | 48% (p87 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 85% |
| Third-party paper % of net worth | 321% (p87 of band) |
| Vehicle delinquency | 0.29% (p18 of band) |
| Vehicle NCO | 0.63% (p26 of band) |
| Repossessed % of vehicle book | 0.07% (p48 of band) |
| Real estate % of loans | 31% |
| Credit cards % of loans | 1% |
| Unsecured % of loans | 2% |
| Commercial % of net worth | 107% |
| Core shares % of member funds | 46% |
| Certificates % of member funds | 41% |
| Average share balance | $6,869 |
| Participations bought / yr | $0 |
| Participations sold / yr | $0 |
| Participations outstanding | $33.1M |
| Loans outstanding per 100 members | 42% |
| Loans granted per 100 members, annualized | 16% |
| Average loan balance | $31,251 |
| Loans granted, annualized | $514.1M |

## Participation posture (from the same filings)

Bought $0 and sold $0 in the latest annualized quarter; $33.1M outstanding purchased (26.9% of net worth), $0 sold and retained. Sold in 0 and bought in 3 of the last 8 quarters. Shares 4.4% year over year.

## Flags firing in the latest filing

- **net worth falling** (`cap_falling`)
- **leaning on borrowings** (`str_borrowings`)
- **3rd-party paper>100% NW** (`str_thirdparty`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 3 | loans>95% of shares, leaning on borrowings, 3rd-party paper>100% NW |  |
| 2016-06 | 4 | delinquency 2x band |  |
| 2016-09 | 4 |  |  |
| 2016-12 | 4 |  |  |
| 2017-03 | 5 | net worth falling |  |
| 2017-06 | 4 |  | net worth falling |
| 2017-09 | 4 |  |  |
| 2017-12 | 3 |  | loans>95% of shares |
| 2018-03 | 3 |  |  |
| 2018-06 | 3 |  |  |
| 2018-09 | 3 |  |  |
| 2018-12 | 2 |  | delinquency 2x band |
| 2019-03 | 2 | net worth falling | leaning on borrowings |
| 2019-06 | 1 |  | net worth falling |
| 2019-09 | 1 |  |  |
| 2019-12 | 1 |  |  |
| 2020-03 | 1 |  |  |
| 2020-06 | 4 | thin capital, net worth falling, margin squeeze |  |
| 2020-09 | 3 |  | net worth falling |
| 2020-12 | 3 |  |  |
| 2021-03 | 2 |  | margin squeeze |
| 2021-06 | 2 |  |  |
| 2021-09 | 2 |  |  |
| 2021-12 | 1 |  | thin capital |
| 2022-03 | 1 |  |  |
| 2022-06 | 1 |  |  |
| 2022-09 | 1 |  |  |
| 2022-12 | 2 | net worth falling |  |
| 2023-03 | 2 |  |  |
| 2023-06 | 2 | delinquency rising | net worth falling |
| 2023-09 | 3 | delinquency 2x band |  |
| 2023-12 | 5 | members leaving, leaning on borrowings |  |
| 2024-03 | 4 | net worth falling | delinquency 2x band, members leaving |
| 2024-06 | 3 |  | delinquency rising |
| 2024-09 | 2 |  | net worth falling |
| 2024-12 | 1 |  | leaning on borrowings |
| 2025-03 | 1 |  |  |
| 2025-06 | 1 |  |  |
| 2025-09 | 1 |  |  |
| 2025-12 | 3 | net worth falling, leaning on borrowings |  |
| 2026-03 | 3 |  |  |

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

- 2026-06-15 [First Commerce Credit Union launches free summer camp database - WTXL ABC 27](https://news.google.com/rss/articles/CBMiqAFBVV95cUxOeGNWMl9LOGFKNWhPSmZhaUxMSEJFUUJqeXFFVDltLXdqWTV3c0FCbm5aV2JXcWZ4Y1QtRExVS3VTdmluWnVoLVlXemdQX2RBVG8tTjNCZkk4OUtUQ28xdExsRVhFLU5TOUFJMEZsT19JTDNBbm9ka2RZY0kzY2ZEYzZNak9VWFE2ZnFDSEo1X2dsdGY2bkZrVjdualNRSzF6YTBBMlZVQ1E?oc=5) · WTXL ABC 27
- 2026-05-23 [First Commerce Credit Union ‘Dogs for Dogs’ community cookouts support local humane societies - WCTV](https://news.google.com/rss/articles/CBMiwwFBVV95cUxNS2o4SURQZFJlZ1F5TGVfZkk3WktCU1R6T0NlVmJIdlNMSVdNQ0Z4T1k2dVlIc1E2YTE1RlI3blNVb2lMandadkVJdkx0eURZVHpBbnRRckx6UXRUU015SFJqOV90aXJ2bm9EQWJjTkZHNllGa0pvUUdad09ENWtoQ1h5WElXc3A3NEJFMHVablVXZFk1SjFTMFgyRC1jS0RWLXdFWUExakJ1ZlJOZERDTTk3MTVDME5kV0Q4RV94Y1JEVHc?oc=5) · WCTV
- 2026-06-04 [FCCU Creates Free Online Tool for Summer Break Programs - Valdosta Today](https://news.google.com/rss/articles/CBMipgFBVV95cUxNOWJSMnIzMS1jclViMmFhVWJtSDd3VV8yTmN4ZVRpM0hvYUxPZ3pWMk52T1FFc3VPcXJZMWhkZlVSd0Uxb2d2RFYtOUVqRVJhdHN5LUY3OTdnRVF6R3h5MjR5ZHRFRmp6YjZ3NVQyX0E5TXV1dWtBYkdTXzBkb3BvN2Ficjg5SjdnVUxWVUJtQlJka3lJZnl6cDc1MnZQZU9vTm13WUxn?oc=5) · Valdosta Today
- 2026-07-16 [Flamingo Challenge aims to boost mammogram access in Bay County - WJHG](https://news.google.com/rss/articles/CBMilAFBVV95cUxNbkd6TXVYcWRLV1JzSjNRc2JKN1hwS0U3ajNMT09KVWhPWloyWFVnXzRvbnA5QVB3N3F5UHUtNmp0UE52TG5LTDdqb2dQSzN4S2hubXg5M21iZm9LQUdkVlBEMDZoOVhwckJYNG41NWdIb3EwMS1VdWN0WmZTSkFpRXpHQUJZUlVJWWk1dlRoMVdpQkVx0gGoAUFVX3lxTFBOMldtNkNXanpVekFaWjNYV3J5OVN0bXdkeWZQakFiNC1wS1B4MVU2dHRxcHN5X3FHcUFVNzZDM29QRGV3bGY4M3FwajY2VEFNZjhnUHlESjVkUC1KRkN6SmF2TU8zbG1IRTV1NFBJTDFOdm50dUxUeGZIdE0yTDNVRmR6U1F4WXl6QjAyVmZ5UkNKbzZ1cFdiS0FBQTlEY2JKX3FiY0VFOA?oc=5) · WJHG
- 2025-06-11 [First Commerce Credit Union awards $1,000 MyWay Scholarships to exemplary students in Florida and Georgia - CUInsight](https://news.google.com/rss/articles/CBMi3AFBVV95cUxPNHN3cHJBeHpfN2E2OThpb0J3X1NhSzhIenNNLUhGRkdSbnFnX0xZaHZKMm11QVNaX1RlS3pROUhveW5GWHZycTdpRENHZzlyeEI4NHVUNnZHdDNwOWI4TlZBWGpIVXdwSWhqMDRiZ1BBZjllR1drWmlKQk1iMHZXLUlzaVlqY0pVaE9KNWtZY3BnV1hrRmVLcFl1czZ5VkJBdFgzc0xIZmkzNlZ1eE5aajl3Xzc0TGpHVVNVRTc3SmtxaE5mYV9feERxVkk4ZzFiU0xQbkxMQ2VYbFRQ?oc=5) · CUInsight
- 2025-08-17 [First Commerce Credit Union raises more than $10,000 for local Humane Societies - WITN](https://news.google.com/rss/articles/CBMisgFBVV95cUxQaklOMFJVTDhsSFpwcGR1NldmQVBGOHdLeWlDcVFFNnNKc3lyQUlYZVJJUzRZNmxVNzRYU0hOOTU5Q3lJd0hqc2JyZ01qYzAta0M1VGF6RXZRMExRVDJQdFpOVVdwaGpGRjFhNG42Mm9CcEZBWjJsTlFQbVR1TXg3aHhqUzVvVkxlclo0UWk4SUV2TmZ5b3plMkF6LVZFMkFTWHppSE1ZREJVOHNYaGtFb0d3?oc=5) · WITN
- 2025-11-20 [Quite a year. Bay County restaurants, attractions and more that opened in 2025 - Panama City News Herald](https://news.google.com/rss/articles/CBMi2gFBVV95cUxNd3FVcEdwSklhcHlqd3BsODRjdngtdE4yMzBzdXJmX1RGMHV2azNiYm5LOGZ6S1lrQXRRcVFObW5BV3pFdW4yUVJrV3pKbDBneFF1cG9LR1FVNjAwVGN5OTVpWVpDY2dyLXRQQ3NyQUxJSEhVT2ZoWnE0NW5uOTRrWmc1Qm9mR0VEcnRLR1pKcDhyV3ZyOU9TYjduR3RQdnlWTC1qMmphUTd6Sm1pakxvRjJDdm5SVlNQcGdUWVNjQzNtMXZaYVRONl9lQjVSOVduamFVTlRwY21ndw?oc=5) · Panama City News Herald
- 2025-10-02 [Flamingo Challenge supports local breast cancer patients - WJHG](https://news.google.com/rss/articles/CBMikwFBVV95cUxOaE1rRGZCUVhYb3otbXJOZGtkdUg0VWhMczdWZEFyMEFPOEU4VGhMOFFxUF9YT0JBd2JIcy1VT1hjUk8xTkhsTms0Qm15Z0NQR2YyeEpWWDVyYUVsOEtpaFdnWXUwLXhyU01kTmlNUC1DeHA0ZFpaazR3QTlWd0lScGEyQWlOeW50eVgzTUJwNlRjZ3PSAacBQVVfeXFMT1JKX3RWLXBjc2NhdTAtTElzdWJTbTV6N3hpUUtOVEY0R0RCNHFnc19rYW9rVVNIQTAxZjhPaERHUkVNYWZtSzg2LUFmREtyU09Xc3lzVjdlYlZqcmlrR1dOekRNRVJXMG1wekVyeDg4WXl0MGN6ekc2cG5QVHVSS3M1VzZ2UTJ4Q1M0ZWdhWFF4YlVNVFlta2lwYjJIamVyRHBOQTQwVTg?oc=5) · WJHG

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=68301 (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 "68301", 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=68301
- 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