# FIRST BRISTOL
Bristol, CT · NCUA charter 722 · asset band $100-200M · latest filing 2024-03 · stopped filing after 2024-03 (departed; for a credit union that is almost always a merger)
Share link (named URL with a preview card): https://getbookiq.com/cu/first-bristol-722

Who the members are: federal charter, community charter, organized 1935. 5,687 members of 60,000 potential (9.5% of the field); checking penetration 61% (share draft accounts per 100 members); loans per 100 members 29.

**Verdict on the desk:** this could be *participation buyer*. Composite score 1 of 18 (one point per flag across 17 flags, capital below 7% counted twice).

## What the filing shows

| Measure | Value |
|---|---|
| Total assets | $106.7M |
| Members | 5,687 (-2.1% YoY) |
| Full-time staff | 21 |
| Net worth | $10.3M |
| Net worth ratio | 9.7% (p29 of band) |
| ROA (annualized) | 0.26% (p28 of band) |
| Total delinquency | 0.95% (p76 of band) |
| Net charge-offs (annualized) | 0.29% (p51 of band) |
| Loans / shares | 33% (p3 of band) |
| Cash / assets | 30.0% |
| Borrowings / assets | 0.00% |
| Net interest margin | 3.07% (p36 of band) |
| Operating expense / assets | 3.45% (p49 of band) |
| Vehicles % of loans | 39% (p49 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 32% |
| Third-party paper % of net worth | 85% (p62 of band) |
| Vehicle delinquency | 2.23% (p93 of band) |
| Vehicle NCO | 0.80% (p77 of band) |
| Repossessed % of vehicle book | 0.00% (p33 of band) |
| Real estate % of loans | 54% |
| Credit cards % of loans | 0% |
| Unsecured % of loans | 3% |
| Commercial % of net worth | 0% |
| Core shares % of member funds | 78% |
| Certificates % of member funds | 8% |
| Average share balance | $8,693 |
| Participations bought / yr | $0 |
| Participations sold / yr | $0 |
| Participations outstanding | – |
| Loans outstanding per 100 members | 29% |
| Loans granted per 100 members, annualized | 5% |
| Average loan balance | $19,334 |
| Loans granted, annualized | $6.9M |

## Flags firing in the latest filing

- **assets shrinking** (`shrink_assets`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 2 | losing money, delinquency 2x band |  |
| 2016-06 | 1 |  | delinquency 2x band |
| 2016-09 | 1 |  |  |
| 2016-12 | 1 |  |  |
| 2017-03 | 4 | net worth falling, delinquency 2x band, members leaving |  |
| 2017-06 | 3 | loan book shrinking | losing money, delinquency 2x band |
| 2017-09 | 1 |  | net worth falling, loan book shrinking |
| 2017-12 | 1 |  |  |
| 2018-03 | 1 |  |  |
| 2018-06 | 1 |  |  |
| 2018-09 | 1 |  |  |
| 2018-12 | 1 |  |  |
| 2019-03 | 2 | delinquency rising |  |
| 2019-06 | 2 |  |  |
| 2019-09 | 2 | delinquency 2x band | delinquency rising |
| 2019-12 | 3 | delinquency rising |  |
| 2020-03 | 2 | net worth falling | delinquency 2x band, delinquency rising |
| 2020-06 | 5 | losing money, delinquency 2x band, delinquency rising |  |
| 2020-09 | 5 | margin squeeze | delinquency rising |
| 2020-12 | 6 | loan book shrinking |  |
| 2021-03 | 3 |  | losing money, delinquency 2x band, loan book shrinking |
| 2021-06 | 3 |  |  |
| 2021-09 | 3 | delinquency 2x band | margin squeeze |
| 2021-12 | 3 | thin capital | delinquency 2x band |
| 2022-03 | 4 | 3rd-party paper>100% NW |  |
| 2022-06 | 5 | losing money |  |
| 2022-09 | 3 |  | net worth falling, losing money |
| 2022-12 | 3 | delinquency rising | thin capital |
| 2023-03 | 5 | losing money, delinquency 2x band |  |
| 2023-06 | 2 |  | members leaving, losing money, delinquency 2x band |
| 2023-09 | 3 | assets shrinking, members leaving | delinquency rising |
| 2023-12 | 3 | delinquency 2x band, delinquency rising | 3rd-party paper>100% NW, members leaving |
| 2024-03 | 1 |  | delinquency 2x band, delinquency rising |

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

- 2024-01-19 [Nutmeg Credit Union looks to acquire rival First Bristol Credit Union - ctinsider.com](https://news.google.com/rss/articles/CBMimwFBVV95cUxORTVGZEpuY3VIc3pHc0RDZ2VtbEhiTks2bW9Senl6b19kTV9iNmNPTUlwcGlJajdtUHdZSm1ocjBsSzNMcU43bWpWdTJxbXlFeHJod1M2a1A5SjZvS2RhU3ZLdlFYVFc1U253U3dQSzU1ZktjRlotUmpxT0VhZFkyaC1QcEdfWUhFRTRBSEdCV2VzUnU1djAtb001QQ?oc=5) · ctinsider.com
- 2024-05-29 [CT Dept. of Banking approves merger of Nutmeg State Financial Credit Union, First Bristol FCU - Hartford Business Journal](https://news.google.com/rss/articles/CBMiyAFBVV95cUxPUTdWYmpneTQ5YzNiNDMyZ2pLcGtGUmI5U09lc21MbTFQRGFUVy1MZ29fUE1TRG00UGNNTXJlbG8yWURVSUQzX3VTeVlQaGJlRWJiZ1cyZ0FaR0sxVTJIRjd1dExMNVdpMnMyN3N4Y0pObnFLVGFfQkV6WFlnRGcxRkxwTVY5eTZMUWlZOWxyelk0QUxrb2pFNGtvZ3RQLUd1RlRQVmw1TDNMc3g0N0ZRYVB1SUN5MnhsV1pRbjBWXy0xRlJGMnNDSA?oc=5) · Hartford Business Journal
- 2025-12-01 [Connecticut credit unions with 65,000 members complete merger - New Haven Register](https://news.google.com/rss/articles/CBMiqwFBVV95cUxQN2ZXdDF1b1d4Y0hVaDVnOWhoMTdYTVBZdGhFWXpuR2xiV2M4Y1hWb1ZVMGpDZ2VxT3hIYzdWVzhYLW5ia3VmTTlmb3ZJN0ZacXFFb2g5c2lDZThxazItWlpIMHp2MnQzdk5yb0VkbjZRTGkzS3ZzalYwNUNieE9zTTE2d3E5TEp4bjFuMHZ3c2hvZW0tVW1yTFowSjU4QlQ1SndJVUpJNWxQa2c?oc=5) · New Haven Register
- 2025-07-04 [Obituary information for Robert Valentine - Funk Funeral Home: Bristol](https://news.google.com/rss/articles/CBMifkFVX3lxTE91YzluRXlUODlUU3hfQnZjYUNRc085a0R0TmpXbkNTVHE0cEpKQ0lGRXFnY0toZGk0dVc1ZXVVM0hteFVaOEFacFhHdk9qVXRaa0NGZFozZjFLVkc0S3lnYVZmdE5QLUhJZXZseFNUcDA0NkVoTndSSHB6WnBjUQ?oc=5) · Funk Funeral Home: Bristol
- 2024-02-21 [CT’s largest credit union seeks merger deal with Hartford-based CU - Hartford Business Journal](https://news.google.com/rss/articles/CBMipgFBVV95cUxQOWMxMlo5eEVxX1RvYW5Cb2QtX1BIVElfWVBUQUpSUUhOeFJSREpsYUlpSkVNZFNRdnk4U1NZb3dmYkFVNzhSdjlRRlZYQUVQNjZlWkFsdFZXWTgwVEpDZDhVcllmeHBfaEt0WERCR2h2X2tDU0tPWHQ2dnExVlp2VVQtanNhZWUtUG11czlDU3JadkRyeGtJaVJWa3pwbVlHaTNFanV3?oc=5) · Hartford Business Journal
- 2022-05-24 [Brian Vaughn Obituary (1972 - 2022) - Bristol, CT - The News-Times - legacy.com](https://news.google.com/rss/articles/CBMijgFBVV95cUxQczRNcGxMWTE2ZjJlV0xEdl9FWUlMRXhDVEdWZVdOYzFlM05lUkRIbldlZFo3VG9GanptbzRHbF9ZWEd5NnRhdFdpd1dnSVpHTFJqVFlVR0pjY3NGdkdIaHZ1bEhCbWFDaURBU2xtaHRaVW9SWGVkSmZUeXFtb3drdW8tX0NtMjYzU1R4WFJB?oc=5) · legacy.com
- 2022-07-22 [Nancy Donaghy Obituary (1942 - 2022) - Bristol, CT - The Bristol Press - legacy.com](https://news.google.com/rss/articles/CBMikwFBVV95cUxOTVdOY2ZESkJSQWtYYnJpTFFpMy1DaF9ZeW52UTlQS29KZkY1UXNKSXFvV1lycXpYdUswSWJBX0hnektYQkFLQml5NGxKQ1NSYXdHODlQWV9xeDVJUU9SRnZQUndWRHlsMXQySEthVEV0OVdwYldtTHl4dmxzQlZsVlhjR1NrZG85LWd3ZjJPcUZsQm8?oc=5) · legacy.com
- 1988-08-29 [Obituary information for Sean Noel Landry - Funk Funeral Home: Bristol](https://news.google.com/rss/articles/CBMifkFVX3lxTE1aM1JlbXNfV1cxeGlEVTE1c21zcVF6Y3NHQnY2RUhoOFhFWWlzald1RjVjcnRJRkxJSTZSYVdtSjJJTmxrSFJvNjk2OExLUlZQZlZDZ29NYW1BYlVYYUhpb0x1TzQ4VHQtclQ5dTZ5dzZWTDBSQzNUbV8yQlpJUQ?oc=5) · Funk Funeral Home: Bristol

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=722 (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/18.json (key "722", 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=722
- 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