# GARDEN STATE
MOORESTOWN, NJ · NCUA charter 14015 · asset band <$50M · latest filing 2026-03 · live
Share link (named URL with a preview card): https://getbookiq.com/cu/garden-state-14015

Who the members are: federal charter, multiple common bond, organized 1960. 3,217 members of 105,585 potential (3.0% of the field); checking penetration 44% (share draft accounts per 100 members); loans per 100 members 38.

**Verdict on the desk:** this could be *ordinary*. Composite score 3 of 18 (one point per flag across 17 flags, capital below 7% counted twice).

## What the filing shows

| Measure | Value |
|---|---|
| Total assets | $37.0M |
| Members | 3,217 (-6.1% YoY) |
| Full-time staff | 0 |
| Net worth | $4.2M |
| Net worth ratio | 11.4% (p26 of band) |
| ROA (annualized) | 0.60% (p52 of band) |
| Total delinquency | 2.05% (p78 of band) |
| Net charge-offs (annualized) | 1.45% (p90 of band) |
| Loans / shares | 76% (p76 of band) |
| Cash / assets | 11.9% |
| Borrowings / assets | 0.00% |
| Net interest margin | 4.84% (p83 of band) |
| Operating expense / assets | 4.92% (p77 of band) |
| Vehicles % of loans | 18% (p11 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 0% |
| Third-party paper % of net worth | 0% (p86 of band) |
| Vehicle delinquency | 2.75% (p86 of band) |
| Vehicle NCO | 0.00% (p35 of band) |
| Repossessed % of vehicle book | 0.00% (p46 of band) |
| Real estate % of loans | 71% |
| Credit cards % of loans | 3% |
| Unsecured % of loans | 11% |
| Commercial % of net worth | 0% |
| Core shares % of member funds | 58% |
| Certificates % of member funds | 16% |
| Average share balance | $6,180 |
| Participations bought / yr | $0 |
| Participations sold / yr | $0 |
| Participations outstanding | $2,734 |
| Loans outstanding per 100 members | 38% |
| Loans granted per 100 members, annualized | 5% |
| Average loan balance | $20,391 |
| Loans granted, annualized | $6.4M |

## Participation posture (from the same filings)

Bought $0 and sold $0 in the latest annualized quarter; $2,734 outstanding purchased (0.1% of net worth), $0 sold and retained. Sold in 0 and bought in 0 of the last 8 quarters. Shares -7.1% year over year.

## Flags firing in the latest filing

- **delinquency 2x band** (`aq_dq_high`)
- **assets shrinking** (`shrink_assets`)
- **members leaving** (`shrink_members`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 0 |  |  |
| 2016-06 | 0 |  |  |
| 2016-09 | 0 |  |  |
| 2016-12 | 1 | delinquency 2x band |  |
| 2017-03 | 0 |  | delinquency 2x band |
| 2017-06 | 0 |  |  |
| 2017-09 | 2 | delinquency 2x band, delinquency rising |  |
| 2017-12 | 1 |  | delinquency rising |
| 2018-03 | 2 | delinquency rising |  |
| 2018-06 | 2 |  |  |
| 2018-09 | 1 |  | delinquency rising |
| 2018-12 | 1 |  |  |
| 2019-03 | 0 |  | delinquency 2x band |
| 2019-06 | 0 |  |  |
| 2019-09 | 1 | delinquency 2x band |  |
| 2019-12 | 1 |  |  |
| 2020-03 | 2 | delinquency rising |  |
| 2020-06 | 4 | net worth falling, margin squeeze |  |
| 2020-09 | 3 |  | delinquency rising |
| 2020-12 | 3 |  |  |
| 2021-03 | 3 |  |  |
| 2021-06 | 1 |  | net worth falling, margin squeeze |
| 2021-09 | 1 |  |  |
| 2021-12 | 3 | thin capital, net worth falling |  |
| 2022-03 | 4 | losing money, margin squeeze | delinquency 2x band |
| 2022-06 | 3 | delinquency 2x band | net worth falling, margin squeeze |
| 2022-09 | 2 |  | losing money |
| 2022-12 | 0 |  | thin capital, delinquency 2x band |
| 2023-03 | 1 | assets shrinking |  |
| 2023-06 | 1 | delinquency 2x band | assets shrinking |
| 2023-09 | 3 | delinquency rising, members leaving |  |
| 2023-12 | 3 |  |  |
| 2024-03 | 2 |  | delinquency 2x band |
| 2024-06 | 3 | net worth falling, delinquency 2x band | delinquency rising |
| 2024-09 | 1 |  | members leaving, net worth falling |
| 2024-12 | 2 | members leaving |  |
| 2025-03 | 3 | delinquency rising |  |
| 2025-06 | 4 | assets shrinking |  |
| 2025-09 | 3 |  | delinquency rising |
| 2025-12 | 3 |  |  |
| 2026-03 | 3 |  |  |

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

- 2026-08-20 [Driver Ejected In 4-Car Crash On Garden State Parkway - Patch](https://news.google.com/rss/articles/CBMilwFBVV95cUxNVWp1OTM1VEF3RFZrcDhjRG5DSzZvWlVkS0lnYUFhVXJlTmJDTkI4cVluRWFCckhQWFZNWldHcmU4UDVUQjdfUjFjQzU5QmJNemllbUlWeTZnbWU5aW9vckRlLU4ySk5odVdWeHRJWU14TDNFSGpORmlqMjdsMlRFY2gwN2tiSzg5RVpZTWlDWGxKNE1rTVJB?oc=5) · Patch
- 2026-06-16 [C&W: Credit union sells Nutley office property, potential redevelopment site, for $2 million - Real Estate NJ](https://news.google.com/rss/articles/CBMiqgFBVV95cUxNQkdVd1RPVkhoR3kwd0Rld2s2aWtIblk2dnNrSG12by1ad09TT180TDJiQTFJNTlrUFNPenNmdTBuZTVaOEVNOFBLMC05ZHRfU242SmxVTkc1dzc1RUd3bk1pakttZnNGd1BtYTFMU0FmRjlWYkpXMklZMXRFYmg4ZlM2YXZIMnY3azBlNTRPbzctZHdjM1JDREl1S2NDYWVrZEdjQXQtdTJ1QQ?oc=5) · Real Estate NJ
- 2026-01-21 [The Best Savings Accounts in New Jersey for 2026 - moneyrates.com](https://news.google.com/rss/articles/CBMie0FVX3lxTE9wZlJFeDdnMVVETFBrSGdHZFE1V1Vua3J5NmdJa1NGcjZaWl9qNmhzWXIyUW45b1l5MTk4d0RsTl9MMC1QV1drYUFaZVNmQlhORkk5THBBeGFBOW9lSEwwNDl3bUtTaUpWZXdaY2syMWhoeGZmMnFwU1VVQQ?oc=5) · moneyrates.com
- 2026-02-16 [ICE agents were again seen taking individuals into custody in NJ. Learn where. - New Jersey 101.5](https://news.google.com/rss/articles/CBMiX0FVX3lxTE1qLUN2QzQ2MmVFbGxFOFFoMllFOUFhOUhPck1wSDlubzY1VndxcXNDY0J6LWZCOUt4NzJ1YTFIREtYNExRcklnd2thclVVSzFYODc1dHVxRWlPSEM4WC1J?oc=5) · New Jersey 101.5
- 2026-05-15 [Gregory J. Quagliato Obituary (1956 - 2026) - Bordentown, NJ - NJ.com - obits.nj.com](https://news.google.com/rss/articles/CBMikwFBVV95cUxOcEozX3BUM19mWl9KUlN5OWt2OUEyRjdMQmRmRzZzUGphdDZBX2VjaHFvSUt6V09GTXNkQkpsaUEwNTdGQ1lTVlpYTU9TNmhBRHo5UjRzUEU1Nk50clZQNzQ5TUtKMG5kem1US0d4NkVKVTVsbFNobnFaZmV4NExKdXFQNmpRWkpKMG9vZS0xdUwzZWs?oc=5) · obits.nj.com
- 2024-05-10 [LinkBank sells 3 NJ branches to credit union - Banking Dive](https://news.google.com/rss/articles/CBMimgFBVV95cUxQSUtkeU93N0p0bWhhazNFUjhvLTRUUWwxNkxpT093d1BsUzFKalNYeGduUkg5UDBTc29sNEZvWVJYcUVRcm1BNndWSG9qTTdQZ3RlbWRqRmhRLTFsN0d4djlVd1VPQi1vUXNsdFlkbUtmaW1FVVV3ZmNmNm1vNXNNbWE2Vkh5R1NxYWlrazNsVjR5UlpMeEdvRld3?oc=5) · Banking Dive
- 2025-06-11 [Financial Resources Federal Credit Union: Putting People First - newswire.com](https://news.google.com/rss/articles/CBMiogFBVV95cUxONWFUb1RLNFFFN2U4R1d2R2h2SHVFZjhUN2w5M0x5ZHpVcy1XVWNRSGtBT2ZCUzRPRWtPam1KT2ttQUxfYjBpb0RwM2dZSHNReEtRblpvVXdUR1dMZVJlRV9UZU11bjRGOXdIRFpzVTVjQUxyTDYwaERpckVuejBrSVB2RTV1TnBGV0NoVnF2QmV6RloxVmVDSFdNdW5vWGNGQlE?oc=5) · newswire.com
- 2026-02-04 [Where is my refund? Track your 2026 state, federal income tax refund - delawareonline.com](https://news.google.com/rss/articles/CBMizAFBVV95cUxORkZnQm1EaHJ0Unh2MkZER0xxVGVKYjkycXVDV2lFb1c5NmdsTmJkbHZfdG5mNWkwbWt1cXRpNDB1QzA1U2xiaFBYNnhnalI5ejdDU1VzeEdtUFBwdi1acDlQVzZTNHByQ1IzMmplSDU4d2lpMkdFQzhHVFdKQTYxN2tNOEo0a3k4WmZ4dHppRF81bDRtb3RBUkgyalgzdHVObmx1XzRINTNKSElIVDlIMFRwSFlxUHZFcTdaNnlxZm5HdGpBaFItSnp1SlY?oc=5) · delawareonline.com

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=14015 (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/63.json (key "14015", 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=14015
- 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