Federal credit union · Omaha, Nebraska · NCUA charter #24540
Mutual First
Health score 33/100 (Weak) - from the NCUA 5300 Call Report, 2025Q4.
- 33
- Health / 100
- $118.2M
- Total assets
- 10,061
- Members
- 3.1%
- Net-worth ratio
Mutual First - Share Insurance Coverage
Charter #24540's composite supervisory bracket and risk-based capital, as reported in the 2025Q4 NCUA Call Report. See our deposit-insurance coverage note for how NCUSIF protection works.
Mutual First - Five Health Pillars
The five bars below are this credit union's pillar-level 0-100 sub-scores. Sum the weighted pillars and you get the headline health score above - same NCUA 5300 data, no normalisation tricks applied.
- Capital (net worth ratio)26
- Asset quality (delinquency)39
- Earnings (ROA)0
- Member growth0
- Liquidity (loan-to-share)100
Weighted composite: 33/100 - each bar is the 0–100 sub-score; the composite weights them 30/25/15/15/15.
At 3.13%, this institution is below the 7.0% NCUA well-capitalized threshold.
Financial Health Metrics
| Metric | Value | Weight |
|---|---|---|
| Net Worth Ratio | 3.13% | 30% |
| Delinquency Rate | 2.42% | 25% |
| Return on Assets | -0.63% | 15% |
| Member Growth | -10.64% | 15% |
| Loan-to-Share Ratio | 83.79% | 15% |
Health score = weighted composite of above metrics. Scores based on NCUA 5300 Call Report Q4 2025 data. Peer group: $100M–$500M (1069 CUs).
Historical Financials
| Quarter | Assets | Members |
|---|---|---|
| 2025Q4 | $118.2M | 10,061 |
| 2024Q4 | $120.4M | 11,259 |
| 2023Q4 | $122.3M | 13,064 |
Credit Union Details
- Charter Number
- 24540
- Type
- Federal
- Field of Membership
- Community
- Peer Group
- $100M–$500M
- State
- Nebraska
- City
- Omaha
- Data Quarter
- 2025Q4
What This Data Says About Mutual First
The five-factor composite scores Mutual First at 33/100 (Weak), reflecting a net worth ratio of 3.13% - relative to the 7.0% NCUA "well capitalized" threshold under Prompt Corrective Action rules. This federal credit union, headquartered in Omaha, Nebraska, reports 10,061 members, $118.2M in total assets, and $89.2M in outstanding loans as of Q4 2025 under charter #24540 (peer group $100M–$500M, a cohort of 1069 similarly-sized institutions).
On loan book quality: 2.42% of loans are 60+ days past due against the total loan book - the peer group average for $100M–$500M credit unions sits at 0.894%, so this institution is running looser than peers. Meanwhile a 83.79% loan-to-share ratio shows how aggressively member deposits get deployed into lending, above the 80% band that can indicate tighter liquidity management. Return on assets stands at -0.63% on net income of $-748421 for the period; a not-for-profit cooperative typically runs a modest positive ROA, returning surplus to members through better rates and lower fees rather than to shareholders.
Year-over-year membership changed by -10.64%. All of the above reflects the 2025Q4 quarterly NCUA 5300 Call Report. Who can join depends on the field of membership (currently: Community); our disclaimer covers NCUSIF deposit-insurance coverage and how to use this data responsibly.
Nearby Credit Unions in Nebraska
A look at other Nebraska credit unions, ranked by how closely their peer group and asset size match this one.
Sources & disclaimer
Source: NCUA 5300 Call Report, Q4 2025. Source: NCUA Share Insurance Fund (NCUSIF), federal deposit insurance up to $250,000. Not affiliated with NCUA. For informational purposes only.
Frequently Asked Questions
Is Mutual First financially healthy?
A 3.13% net worth ratio and a 2.42% delinquency rate feed into Mutual First's financial health score of 33/100 (Weak), from NCUA 5300 Call Report data as of Q4 2025. The scale: above 80 excellent, below 50 warrants closer monitoring.
How does Mutual First compare to other credit unions?
On PlainCU's health composite, Mutual First lands at 33/100, compared to a peer group average for $100M–$500M credit unions. Five NCUA-reported metrics feed that number: net worth ratio (weighted 30%), delinquency rate (25%), return on assets (15%), member growth (15%), and loan-to-share ratio (15%).
What is a credit union health score?
A credit union health score is a composite rating (0–100) that combines five financial metrics reported to the NCUA: net worth ratio (capital adequacy), delinquency rate (loan quality), return on assets (profitability), member growth, and loan-to-share ratio (liquidity balance). Scores above 80 indicate excellent financial health; 60–79 is good; 40–59 is fair; below 40 is weak.
How can I join Mutual First?
Mutual First operates under a community charter, meaning membership is generally open to anyone who lives, works, worships, or attends school within its defined geographic service area, no employer or association tie required. Contact Mutual First directly for the exact boundaries and application steps.
Is my money safe at Mutual First?
Federal credit unions like Mutual First are insured by the National Credit Union Share Insurance Fund (NCUSIF), administered by the NCUA. Each individual depositor is insured up to $250,000, the same limit as FDIC-insured banks. Mutual First's net worth ratio of 3.13% is relative to the 7% threshold NCUA considers "well capitalized."
What rates does Mutual First offer compared to banks?
Credit unions like Mutual First are not-for-profit cooperatives, which typically allows them to offer higher savings rates and lower loan rates than banks. Nationally, credit unions average 0.25–0.50% lower auto loan rates and 0.10–0.30% higher savings yields. Contact Mutual First directly for current rates, or compare overall credit union vs bank rates on our rates comparison page.
Read our methodology - how this data is sourced, computed, and verified.
Every figure on PlainCU is rendered directly from NCUA quarterly call report data, no number is typed in by an editor. Credit union figures are computed directly from NCUA quarterly call report data, no figure is typed in by an editor. See our editorial standards & corrections policy, the methodology behind these numbers, or report a data error.