SchoolsFirst Q1 growth data summarize how Schoolsfirst's balance sheet, member base, credit metrics, earnings, and net worth moved through the first quarter.
Highlights
- Assets: $36.7B at March 31, 3.85% from year-end and 9.93% from a year earlier.
- Loans: $22.3B, equal to 60.79% of assets.
- Member shares: $31.6B, with loan-to-share at 70.7%.
- Credit: delinquency was 0.89%; net charge-offs were 1.04% of average loans.
- Net worth: 9.39%; return on assets was 0.8%; year-to-date net income was $71.8M.
SchoolsFirst Q1 growth narrative
NCUA 5300 Call Report data for charter 24212 show Schoolsfirst reported $36.7B in assets, $22.3B in loans, and $31.6B in member shares at March 31.
The lending side accounted for 60.79% of assets, and the loan-to-share ratio was 70.7%. Those two measures give readers the basic balance-sheet context for comparing Schoolsfirst with other large credit unions.
Credit and earnings metrics round out the Q1 view. Schoolsfirst reported a 0.89% delinquent-loans-to-total-loans ratio, 1.04% net charge-offs to average loans, 0.8% return on assets, and $71.8M in year-to-date net income.
Net worth ratio, loan concentration, member-share growth, and credit costs should be read together because they describe different parts of the same cooperative balance sheet. None of those measures alone is the story; together they show how the quarter moved.
This series uses a straightforward format: highlights first, then the narrative around assets, loans, member shares, credit, earnings, and net worth. The goal is to make the Q1 call-report movement readable as a data update for industry readers.