# FIRST SERVICE
Houston, TX · NCUA charter 68605 · asset band $1-10B · latest filing 2026-03 · live
Share link (named URL with a preview card): https://getbookiq.com/cu/first-service-68605

Who the members are: state charter, organized 1977. 108,239 members of 8,173,200 potential (1.3% of the field); checking penetration 76% (share draft accounts per 100 members); loans per 100 members 51.

**Verdict on the desk:** this could be *ordinary*. 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 | $1.48B |
| Members | 108,239 (4.7% YoY) |
| Full-time staff | 220 |
| Net worth | $161.0M |
| Net worth ratio | 10.9% (p55 of band) |
| ROA (annualized) | 0.24% (p12 of band) |
| Total delinquency | 0.53% (p42 of band) |
| Net charge-offs (annualized) | 0.83% (p78 of band) |
| Loans / shares | 89% (p58 of band) |
| Cash / assets | 7.4% |
| Borrowings / assets | 0.00% |
| Net interest margin | 3.64% (p71 of band) |
| Operating expense / assets | 4.37% (p92 of band) |
| Vehicles % of loans | 45% (p85 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 31% |
| Third-party paper % of net worth | 114% (p42 of band) |
| Vehicle delinquency | 0.55% (p47 of band) |
| Vehicle NCO | 0.39% (p12 of band) |
| Repossessed % of vehicle book | 0.13% (p66 of band) |
| Real estate % of loans | 38% |
| Credit cards % of loans | 3% |
| Unsecured % of loans | 11% |
| Commercial % of net worth | 22% |
| Core shares % of member funds | 46% |
| Certificates % of member funds | 38% |
| Average share balance | $5,930 |
| Participations bought / yr | $0 |
| Participations sold / yr | $7.8M |
| Participations outstanding | $81.1M |
| Loans outstanding per 100 members | 51% |
| Loans granted per 100 members, annualized | 9% |
| Average loan balance | $21,045 |
| Loans granted, annualized | $375.0M |

## Participation posture (from the same filings)

Bought $0 and sold $7.8M in the latest annualized quarter; $81.1M outstanding purchased (50.4% of net worth), $6.9M sold and retained. Sold in 4 and bought in 3 of the last 8 quarters. Shares 4.5% year over year.

## Flags firing in the latest filing

- **net worth falling** (`cap_falling`)
- **expense trap** (`earn_opex`)
- **3rd-party paper>100% NW** (`str_thirdparty`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 3 | expense trap, charge-offs p90, auto monoline |  |
| 2016-06 | 3 |  |  |
| 2016-09 | 3 |  |  |
| 2016-12 | 2 |  | expense trap |
| 2017-03 | 4 | losing money, 3rd-party paper>100% NW |  |
| 2017-06 | 4 | net worth falling, members leaving | losing money, 3rd-party paper>100% NW |
| 2017-09 | 4 |  |  |
| 2017-12 | 2 |  | net worth falling, members leaving |
| 2018-03 | 2 |  |  |
| 2018-06 | 4 | loans>95% of shares, leaning on borrowings |  |
| 2018-09 | 5 | net worth falling |  |
| 2018-12 | 4 |  | net worth falling |
| 2019-03 | 3 | losing money | loans>95% of shares, leaning on borrowings |
| 2019-06 | 3 | net worth falling | losing money |
| 2019-09 | 3 | loans>95% of shares | net worth falling |
| 2019-12 | 3 |  |  |
| 2020-03 | 3 |  |  |
| 2020-06 | 3 | expense trap | loans>95% of shares |
| 2020-09 | 3 |  |  |
| 2020-12 | 4 | loans>95% of shares |  |
| 2021-03 | 2 |  | charge-offs p90, loans>95% of shares |
| 2021-06 | 3 | charge-offs p90 |  |
| 2021-09 | 3 | loans>95% of shares | auto monoline |
| 2021-12 | 3 |  |  |
| 2022-03 | 2 |  | charge-offs p90 |
| 2022-06 | 4 | net worth falling, margin squeeze, delinquency rising, 3rd-party paper>100% NW | expense trap, loans>95% of shares |
| 2022-09 | 2 |  | net worth falling, margin squeeze |
| 2022-12 | 3 | expense trap, leaning on borrowings | 3rd-party paper>100% NW |
| 2023-03 | 2 |  | expense trap |
| 2023-06 | 4 | members leaving, loans>95% of shares |  |
| 2023-09 | 7 | expense trap, delinquency 2x band, assets shrinking |  |
| 2023-12 | 6 |  | members leaving |
| 2024-03 | 4 |  | leaning on borrowings, loans>95% of shares |
| 2024-06 | 2 |  | delinquency rising, delinquency 2x band |
| 2024-09 | 1 |  | assets shrinking |
| 2024-12 | 3 | net worth falling, margin squeeze, leaning on borrowings | expense trap |
| 2025-03 | 1 | expense trap | net worth falling, margin squeeze, leaning on borrowings |
| 2025-06 | 1 |  |  |
| 2025-09 | 1 |  |  |
| 2025-12 | 3 | assets shrinking, 3rd-party paper>100% NW |  |
| 2026-03 | 3 | net worth falling | assets shrinking |

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

- 2025-08-15 [First Service Credit Union opens 2nd Sugar Land location - Community Impact](https://news.google.com/rss/articles/CBMiuwFBVV95cUxQWnUxelptV0tMWHdzd3VlS0pwM21vbjR3TllRYmw4a2hjZHFVOFhkcWMtRFliM0duYU02dXZlbjJzdzhvQnJGMmI5S3ZBamttX0piZlBTWDJDUmdxNUQzSDBXUEpQb0VLNXZ1bDQtd29lQmo2eENyNFRWY0Fzb3RmRnpNZ2tpVGwxY1VhNnpVbFA4NlpTQTY4T2x0UUdPcVFyTEdJX1FoOEs0YU1HUDZvN0ZCeHh5bkhyT2FN?oc=5) · Community Impact
- 2024-10-18 [First Service Credit Union eyes mergers and acquisitions, other expansion to 'ensure survivability' - The Business Journals](https://news.google.com/rss/articles/CBMiqwFBVV95cUxPMExMRkNTM19GZWh4M3BNOGlkZG5IS0tkbTF4eEd6SDU5UWlBWHpwYnlpYWI2YThDbkE3MHVLTlJDWkVqQVNPR3FyWWlKVHFFT3RyMEhud3d2cjloal9FNDJFU3lMZjY4WEtfb05ETVc0anhVYjdOZFpZV0tNRWJEMUgtSzdHZFNxWVRVVW11eF9GSmFST3kzM0dkOWFWbjRNWjB1RFhUVFBHaEE?oc=5) · The Business Journals
- 2021-12-23 [First Service Credit Union hires Steve Gilman to lead political advocacy and community relations efforts - CUInsight](https://news.google.com/rss/articles/CBMi3gFBVV95cUxOQWhNeXc2V1N6d0VoeV9FbU05ZlBQQ09YcEJnOUlaYnZCdG9ZTVZ2NHZCU0g5X1JPMnNKbWRBMUx3NldteW5BOElyTWdfS0diX1EyVmNlWWhsVFllRDBBbDVfd09ndURsUWRXY0pzaWI4eUN1RzR2TXdYYkllV2FYa0E3NzNRNWVjZFZWYndDWkpTLTZVemFVUHpfbWNXNkZ6Tkl4dnJ0S2NKRHNPMm5RMTgtY3dDY3NDa3Fza1BTWTREZkpXbnZZakdWa2hnWG1uZl92MGFZWHR6R08wS1E?oc=5) · CUInsight
- 2026-08-31 [Credit Unions Press Congressional Priorities During August Recess - cutoday.info](https://news.google.com/rss/articles/CBMipAFBVV95cUxOeXZEemZkSmxad0pRa2NmUm5lLTdkcHNzX2ttdmxuS0tSa0R6YU9VQXpJd29BU2EtRDNhVl9fNjZ2elRUMXlMMkJ3YUdqcjZtNVpHVG5qSUZPWU1LVEJxTzB3RXJGMVQ1Y2lzdTRzb0VQbjVxNXNEZWt1cXI5WS1iamVRcjBKQU9WRTV4N1BPV3FaUXdJcWZjbHVmSlFySkp0SzN2Zw?oc=5) · cutoday.info
- 2024-03-19 [Marion (Matt) Leon Maciejeski Obituary Mar 19, 2024 - Klein Funeral Homes](https://news.google.com/rss/articles/CBMiaEFVX3lxTE9acUJYZ1Z2c3ZfYnd6QVltSFFxZ2djaEdjNEJUYVR4ekExVnk3ZkJsUng0V2Z2TUM2UFhXQXBEcjNNQ2NqQ2hoSG9FVHZ5NmNtdXA2WGZ6STNULW9DRjk0STJGdHFVOW5S?oc=5) · Klein Funeral Homes
- 2016-09-08 [Is a Credit Union Mortgage Right For You? - money.com](https://news.google.com/rss/articles/CBMiWEFVX3lxTE50VF9MY281WDgtdnQ2VDk1eUl2WVRwZUhYUUNDa1EtTU05MlRFY3pSN1FZV1MzYU40cXV3SmRmM05Ccjh0eUN1dzVteU9ISlhHMHp6bHVCQkw?oc=5) · money.com
- 2017-08-11 [Waffle Tour to Honor Katy First Responders in August - katymagazine.com](https://news.google.com/rss/articles/CBMiggFBVV95cUxQZjBYNk5hb19WMjdnME94WVJvQzVpeDZoMUdEZ0g3SDktaVIyVmFid0hON1VpTTJqbkszQ0pOOE0tR2prNXlVTEdpOW1tMVNMMjZJWG5lYUs3S2I3R1dzUzBGMUxwdUEyUVZOLTN6SW1FaE9JbFY0cnNLOS05RjNyNm93?oc=5) · katymagazine.com
- 2024-04-02 [Sugar Land Space Cowboys six-game series schedule from April 2-7 at Constellation Field - CW39 Houston](https://news.google.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?oc=5) · CW39 Houston

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=68605 (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/61.json (key "68605", 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=68605
- 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