# PARTNERS 1ST
Fort Wayne, IN · NCUA charter 7688 · asset band $500M-1B · latest filing 2026-03 · live
Share link (named URL with a preview card): https://getbookiq.com/cu/partners-1st-7688

Who the members are: federal charter, multiple common bond, organized 1952, low-income designated. 44,515 members of 620,201 potential (7.2% of the field); checking penetration 54% (share draft accounts per 100 members); loans per 100 members 50.

**Verdict on the desk:** this could be *indirect buyer*. Composite score 4 of 18 (one point per flag across 17 flags, capital below 7% counted twice).

## What the filing shows

| Measure | Value |
|---|---|
| Total assets | $548.4M |
| Members | 44,515 (-1.1% YoY) |
| Full-time staff | 167 |
| Net worth | $53.0M |
| Net worth ratio | 9.7% (p37 of band) |
| ROA (annualized) | 0.00% (p6 of band) |
| Total delinquency | 0.49% (p40 of band) |
| Net charge-offs (annualized) | 0.03% (p3 of band) |
| Loans / shares | 94% (p88 of band) |
| Cash / assets | 7.1% |
| Borrowings / assets | 0.00% |
| Net interest margin | 3.50% (p52 of band) |
| Operating expense / assets | 4.76% (p92 of band) |
| Vehicles % of loans | 54% (p92 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 82% |
| Third-party paper % of net worth | 378% (p95 of band) |
| Vehicle delinquency | 0.58% (p50 of band) |
| Vehicle NCO | 0.28% (p17 of band) |
| Repossessed % of vehicle book | 0.00% (p18 of band) |
| Real estate % of loans | 38% |
| Credit cards % of loans | 2% |
| Unsecured % of loans | 3% |
| Commercial % of net worth | 43% |
| Core shares % of member funds | 62% |
| Certificates % of member funds | 27% |
| Average share balance | $5,602 |
| Participations bought / yr | $4.0M |
| Participations sold / yr | $0 |
| Participations outstanding | $17.7M |
| Loans outstanding per 100 members | 50% |
| Loans granted per 100 members, annualized | 13% |
| Average loan balance | $20,330 |
| Loans granted, annualized | $230.3M |

## Participation posture (from the same filings)

Bought $4.0M and sold $0 in the latest annualized quarter; $17.7M outstanding purchased (33.5% of net worth), $0 sold and retained. Sold in 0 and bought in 8 of the last 8 quarters. Shares 1.5% year over year.

## Flags firing in the latest filing

- **net worth falling** (`cap_falling`)
- **losing money** (`earn_negative`)
- **expense trap** (`earn_opex`)
- **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 | 0 |  |  |
| 2016-12 | 1 | net worth falling |  |
| 2017-03 | 1 |  |  |
| 2017-06 | 0 |  | net worth falling |
| 2017-09 | 0 |  |  |
| 2017-12 | 0 |  |  |
| 2018-03 | 1 | losing money |  |
| 2018-06 | 0 |  | losing money |
| 2018-09 | 1 | 3rd-party paper>100% NW |  |
| 2018-12 | 2 | delinquency rising |  |
| 2019-03 | 1 |  | delinquency rising |
| 2019-06 | 2 | delinquency rising |  |
| 2019-09 | 3 | delinquency 2x band |  |
| 2019-12 | 3 |  |  |
| 2020-03 | 5 | net worth falling, losing money, charge-offs p90 | delinquency 2x band |
| 2020-06 | 4 |  | delinquency rising |
| 2020-09 | 4 | expense trap, margin squeeze | net worth falling, losing money |
| 2020-12 | 3 |  | expense trap |
| 2021-03 | 3 | net worth falling | charge-offs p90 |
| 2021-06 | 2 |  | net worth falling |
| 2021-09 | 1 |  | margin squeeze |
| 2021-12 | 1 |  |  |
| 2022-03 | 3 | net worth falling, auto monoline |  |
| 2022-06 | 3 |  |  |
| 2022-09 | 4 | delinquency rising, loans>95% of shares | net worth falling |
| 2022-12 | 6 | thin capital, leaning on borrowings |  |
| 2023-03 | 6 | net worth falling | delinquency rising |
| 2023-06 | 5 | delinquency rising | leaning on borrowings, net worth falling |
| 2023-09 | 3 |  | thin capital, delinquency rising |
| 2023-12 | 5 | delinquency rising, assets shrinking |  |
| 2024-03 | 5 | losing money, loan book shrinking | loans>95% of shares, delinquency rising |
| 2024-06 | 4 |  | auto monoline |
| 2024-09 | 5 | expense trap |  |
| 2024-12 | 5 |  |  |
| 2025-03 | 4 |  | expense trap |
| 2025-06 | 2 |  | losing money, loan book shrinking |
| 2025-09 | 2 | expense trap | assets shrinking |
| 2025-12 | 2 |  |  |
| 2026-03 | 4 | net worth falling, losing money |  |

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

- 2025-07-29 [Partners 1st Federal Credit Union focuses on experience with the promotion of Kelly Johns - CUInsight](https://news.google.com/rss/articles/CBMiygFBVV95cUxNZGpfZnd2LWNaTVJ6eHB1MHJROGt6NzVNOXVjanNjTURVMXI1NzdYLXpRQ0M3U2JiOGI5UWdVU0ZpZzhvMkVsTGJlZkJFMXRheUtmRnVGcUUwOTZjN0I4R2VZZlNUdS1KUTlZRnNTUV9XZVMtblhQQm9zb01Sei1fSFpTVUtqTWZ6dllsRV9hUE9oNjRhbVpiSFl4RW0wLXpUYVRJVG9mMEFMTDFJSlJRRXZjNGp6UW5nODNqMy1MWDRuc2o2cDNMbHNn?oc=5) · CUInsight
- 2024-08-23 [Aug. 23 - Partners 1st Federal Credit Union appoints Clinton Miller as new CEO - Fort Wayne Business Weekly](https://news.google.com/rss/articles/CBMiiAFBVV95cUxQNGJOWHdUSVQ4RjIxdU5fUzJJRFd4MUNBWTV0dVloanFncWlYRTR0emdlbEZCcFptRVRQZDBzWl9tSlFWQzUtQmhZV3NHQmk4enpmck9iOWJZYjhid1pydFRFazdPTEtZUFJuOTVha1dJbUo2VVRtUmF6MFlmU2w5YUxHODlWeXlZ?oc=5) · Fort Wayne Business Weekly
- 2017-12-08 [PARTNERS 1ST OFFERS SUPPORT TO THE COMMUNITY - The Waynedale News](https://news.google.com/rss/articles/CBMihgFBVV95cUxQZTFkMFJiNW9ueXUyZF9jMU91bkdYZzIyZjBISVhiLWprQ2QwVlpSZDJhRDZ2TEJYZkR1MEVYMkJIcE9IdFpZUnhwS0loRjRUdk5FT21DS2EtX3FYVG51WmVIZFhNUjZqZkFJajlfN3pZUTcxZW9odk55RFFQaE1Zb2JQallPQQ?oc=5) · The Waynedale News
- 2024-08-20 [Partners 1st Federal Credit Union appoints Clinton Miller as new President - CUInsight](https://news.google.com/rss/articles/CBMitgFBVV95cUxQNHZNdlpxaTJfN05McGJCZHpvLW4waUZIYzZqMW03R01ud0V0M1BKRUtxdHNseDgzNm5LRHhtNDVQU0ZLMkYzY0c2SzVRR3FGUDAyRmMwZjItUFpJNFBzTFRDYmplVjJPay00U29MdlB4ajUzaVk5MXJiQWwxX2pvb3Q5d3RIRUNhRnByWUhiSHAtSTdVUjFJcFNqN3dPZ0MtWFBoZXU0M2ZRWEpuLU1TZVYzY3pqdw?oc=5) · CUInsight
- 2023-03-09 [Credit union reports email scam asking for money - wane.com](https://news.google.com/rss/articles/CBMijwFBVV95cUxQa0hnU0RaLUcyMWxKUGhOOWxNeWpWSGNpMTllemFZc29ET3BSekxqRGRSaUk0YnFsX3ZhbG5uWDF4LXg1cVVxamh6WnVxWTdrdnVtdTloLXpvZ055T21HejdoYjNFdVB4YVRJTS00eWpRWGNzdlNWc0FrMzFLMUo1amItY2wtS0V0YWN4NDJNWdIBlAFBVV95cUxObWNTSk9IMThFSlFVc2pTUG9jWWxab1V1eVZvbkRpQnpmazBWNXlkQVVvblJDNkVuVUN1NVYwUFowZkhkREx6czRYdndLVDB2SFRpZkkxcEhTMEVkV1BaM2xhNUdJcVdjYUVKS19QaEp5dnZ5VkY0VXVWR25CQjBqOUJjNGNYOVV3a0hUR1RUYi1EQVJ5?oc=5) · wane.com
- 2020-08-26 [Two Fort Wayne credit unions seeking ‘proactive strategic merger’ - americanbanker.com](https://news.google.com/rss/articles/CBMisgFBVV95cUxNNXAyVk5HS2xBNmFWQTNVYVZraVUzaThkSzVaci1ZWHVBX0NKcU9jYWFFQk92YS1wWThEb3BRZHBBcDFOZG5sMmc1V0dld2RDellBalpIZF9LYnlHOUxrT0t3RzlKWHVOTzNabnhiX2VxNEM3bkNFdHdDLVBwQnhFRkRHcGdhNXRjWk5sSEFtOEQzZk5FOEpRa2ctVFFqX2NucDBXankxZWZuV2FnUXltWGhB?oc=5) · americanbanker.com
- 2025-01-23 [Partners 1st Federal Credit Union’s CEO Carla Bienz is retiring - CUInsight](https://news.google.com/rss/articles/CBMipgFBVV95cUxNck9BSkh6Z2pJeEswWGRqN1ZORFNjUkJlR0E5TlVpcHo0SkhrcTMxeUtRUUFack9OUWdSRTR2dXVmMllSNURRZDlhc1dzc1lybjEyTHFweGZycXI0UnBqZWxuOGhadWxZbW1KMmwzUG5xQjdHb3ZsMG9SVk9CRjduOG9kZWdSY3dJQmJLVHBoS2NIM3hDQndOaXd5UjVXTzhwNDZIUzNB?oc=5) · CUInsight
- 2019-04-04 [Police release video of clown-masked robber - wane.com](https://news.google.com/rss/articles/CBMiggFBVV95cUxQRlNZQUVnR0Vzd3o2dGxPTEpuclBDaWtaZHBSYkhUZldlUVVRMUVSRDBrMENITkoxNllOa2FLSFV1SmltcGg2c0pVeVRELVloREg0eFpzbkY5bWZnNDI1Qm5CRjJoUDVvZnhMS0pzbzB3OVh0Um03Q2NrMEh0dUVNRm1n0gGHAUFVX3lxTFAxd0VyVWhSN2swTkJLcG82UXZOcGQ0WmlNLWtoc0d0clMwdVl1bmxvTmpidFJhMWxkYkJGWWJPMFg5WFBIcFM2VS1BdFpxWDNhTEx6MjNlWVVWNUhhNGx6cGlSTmUxSVZabm9LRldmZS1WRmpzdmpYNjdBX3NFT1RTUlRHUHFCWQ?oc=5) · wane.com

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=7688 (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/8.json (key "7688", 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=7688
- 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