# FINANCIAL CENTER FIRST
Indianapolis, IN · NCUA charter 68658 · asset band $500M-1B · latest filing 2026-03 · live
Share link (named URL with a preview card): https://getbookiq.com/cu/financial-center-first-68658

Who the members are: state charter, organized 1953, low-income designated. 56,289 members of 2,489,718 potential (2.3% of the field); checking penetration 54% (share draft accounts per 100 members); loans per 100 members 44.

**Verdict on the desk:** this could be *indirect buyer*. Composite score 2 of 18 (one point per flag across 17 flags, capital below 7% counted twice).

## What the filing shows

| Measure | Value |
|---|---|
| Total assets | $952.6M |
| Members | 56,289 (-3.3% YoY) |
| Full-time staff | 191 |
| Net worth | $106.1M |
| Net worth ratio | 11.1% (p61 of band) |
| ROA (annualized) | 0.27% (p20 of band) |
| Total delinquency | 0.66% (p57 of band) |
| Net charge-offs (annualized) | 0.39% (p48 of band) |
| Loans / shares | 79% (p43 of band) |
| Cash / assets | 1.8% |
| Borrowings / assets | 2.10% |
| Net interest margin | 3.67% (p68 of band) |
| Operating expense / assets | 4.10% (p75 of band) |
| Vehicles % of loans | 37% (p67 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 79% |
| Third-party paper % of net worth | 196% (p73 of band) |
| Vehicle delinquency | 0.81% (p66 of band) |
| Vehicle NCO | 1.85% (p80 of band) |
| Repossessed % of vehicle book | 0.03% (p44 of band) |
| Real estate % of loans | 50% |
| Credit cards % of loans | 2% |
| Unsecured % of loans | 3% |
| Commercial % of net worth | 44% |
| Core shares % of member funds | 52% |
| Certificates % of member funds | 26% |
| Average share balance | $7,359 |
| Participations bought / yr | $2.1M |
| Participations sold / yr | $0 |
| Participations outstanding | $81.0M |
| Loans outstanding per 100 members | 44% |
| Loans granted per 100 members, annualized | 8% |
| Average loan balance | $26,144 |
| Loans granted, annualized | $192.8M |

## Participation posture (from the same filings)

Bought $2.1M and sold $0 in the latest annualized quarter; $81.0M outstanding purchased (76.3% of net worth), $6,077 sold and retained. Sold in 0 and bought in 3 of the last 8 quarters. Shares 4.8% year over year.

## Flags firing in the latest filing

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

## Warning timeline

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

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

- 2026-01-21 [Financial Center First Credit Union selects Ning Duong as new CEO - CUInsight](https://news.google.com/rss/articles/CBMiqgFBVV95cUxOQUVoV3I3UDNoQ25Cc1pETWFLMlpHWGVRT1VLT3BNbmJxRG9ZSVhRNHEtVjVrekFNWkd6YTBtWTdkRmZWVHVrODFadmtFVkhNa0lMcWZ3TXpqRS00TzlHX1EwNUlkTFgtY2dMNVFNc3Yxek9vREc0R1Vmak80elhLc0tZMnp5SkM3aF9qUEhnWlExbEhsOWwtMThiTFpFT1drWWdIc0U2c0ctQQ?oc=5) · CUInsight
- 2026-09-01 [Financial Center First Credit Union Goes Live With Scienaptic AI - Yahoo Finance](https://news.google.com/rss/articles/CBMioAFBVV95cUxQdFhQSDJpMk1aSWZJMVNqTVNjZXZVWFVTNlktWHpWTlR0dlUxY3M3b0NON3k3Ri1Pd09MWGxwQ2E3UW9wZ3RBdGVCSDItZTJSZWtJOUh2RFFIeGNsN3lGNHYyMjNDNjRocWpGamhPV1JUT25FbGZIYWV1dlU0bml4bVpEalRlVTdFMDZaU2JtQnlGZUlLdGNZWThSYW9LbjRQ?oc=5) · Yahoo Finance
- 2026-05-13 [Financial Center becomes first credit union in Indiana to launch Buy Now, Pay Later solution, partnering with equipifi - CUInsight](https://news.google.com/rss/articles/CBMi7gFBVV95cUxQNHVBa0pKcURfS3NfZUdLNHBZTm0tWG5xaXdXRjV6OVNBT3VlLWhoUHNIWk91NXp0R216UjljNzgzSXZseHB4NjE4SUFDS3FWbTMwSHJRX1pyS1hFMXBmcmNfeGh5QnJ2S1FLTXNFb29XVE43ZTRZU2Z4TVdjQ19KZnRLZGpQQUNGeGo1NzhDc0Vnbmw4X1hHYnhJSGprNnhjUk12QmlxTk9Kc05xenNOalpGS210Ql9HSXNpTTVOVGtIQnJxOFdvc25LaGI5aTVTa0lQQTNodDR4X2MzcE9heTE1cnZnSTYySHRuM1hn?oc=5) · CUInsight
- 2026-01-21 [Financial Center First names Ning Duong president and CEO - Inside INdiana Business](https://news.google.com/rss/articles/CBMipwFBVV95cUxOemFVRENPT0puekV5MjlYUzFMekRNRHhmSDJTQVZyRHhmck9rTk1iaDV6NlRWdnZZQ1I4OEQwSXFGXzdvcGdXTW1VSVdTOEN4LTY1Q0JXb2cwZ3N1cWpyUG9MMzVLbnFuMnlrN0RkRGdiWlBlZFpWdlFTYlFjUlhfSjFjNllHT2FUV0NXYTJudWVSQVpUZUprY0JCclhhVkJoRU5HRWJLSQ?oc=5) · Inside INdiana Business
- 2026-08-03 [VyStar brings on industry strategist to advance innovation, partnership efforts - The Business Journals](https://news.google.com/rss/articles/CBMimwFBVV95cUxNSlpiOWFBMEJZQ3VGNmhrb285dkNuQnVOVThEdG1fRzVmTkVORmFNVU5VWS1VbGNTTmdRTnFOVzZoU052aVlUT0xVY0d3UEl2VHE1Y2VocFpCdHp3U214UWZ1WlktSW9mekg4UFFWaWUxdk1XQnZKMExITVFQazYzRTJpMmlCZXdWUWcwOFh2TXRYS1JwWjN4RUZ6bw?oc=5) · The Business Journals
- 2026-04-27 [Help feed your community by donating to Pack the Pantries - Fox 59](https://news.google.com/rss/articles/CBMiqwFBVV95cUxQUkxlR2tPbWRWNGtnaEkwZHUxdTU1NkFFX1FpWXlQQWFYb1Q2S3paSXhWMGxqUmwzNnEyVEwzNnh4aGRqeHJacEhNSEtTdUF5S192R05mM296d2VucmRCb2Rxa3N0MzRHbi11NnYtQUtiUDhUekNmY3J1ck1rRmFUTGNTVmVTU0FiNm44a2ZTYmo3OTFnN1oyR3RQbzM4NmhvYjllMm5LVkpZdWPSAbABQVVfeXFMTXVoQlJvcUUxdldQeDA1NGhrd3BuZ01ybC10RkkwaTE1bWFhNExubFNScG1STUZoR2Rha2lIaUU3dnFqbERybENBNUY0eEpEUEJtbE5oVVQ3a3IyZDhGVnVidzRxY2pWLW51M2ZSOHJpdEh5TFA5TnhqMVoxTm1YTXRlVFoydlQtT2tkZWVzQk9oWUZkeXF5SnNJNEZyZzdXWHNKamZaWUJlOUN2N1NHT20?oc=5) · Fox 59
- 2026-01-21 [Eye on Processing: Regions Bank Picks Worldpay; CU Switches to Velera - Digital Transactions](https://news.google.com/rss/articles/CBMipwFBVV95cUxQTWcwVFd2cGlvb1EzZGxLcDJuem9OMHIyRXBHaTY3MmlXV0liOGp5dElxemMwNHJYSkRQeTZQTG9vWGdoNU1YcVZmSFFiekdpTlQ1RGppV2V6a0hFZFktRnIxTWdaZExBX253aGI3czZlR1NiYklyeXpoWmxQV2RCcjNZRGQ0ZE5kM3d1RENQLWJ2ZzZidWx3NGNCZlRRdFM3S0lfaGlqVQ?oc=5) · Digital Transactions
- 2025-01-29 [Financial Center to absorb Post Office Credit Union in merger - Indianapolis Business Journal](https://news.google.com/rss/articles/CBMickFVX3lxTE8yR1I3NUpLanBUYkJMTV9ZV256MjN2OU0wVUdFQ2VFSjU2VEpKYUVUVXNWSHMyVHBRSHFjWXdhb1V5OXc5M25qbDB3SU1PY0YzYjRtYVJvN05Ld3FRSGhhY2l2aF8tdHhiWlpzOTkybzI2Zw?oc=5) · Indianapolis Business Journal

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=68658 (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/50.json (key "68658", 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=68658
- 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