# HERITAGE
Newburgh, IN · NCUA charter 16626 · asset band $1-10B · latest filing 2026-03 · live
Share link (named URL with a preview card): https://getbookiq.com/cu/heritage-16626

Who the members are: federal charter, community charter, organized 1965, low-income designated. 64,342 members of 1,004,690 potential (6.4% of the field); checking penetration 78% (share draft accounts per 100 members); loans per 100 members 51.

**Verdict on the desk:** this could be *indirect buyer*. Composite score 2 of 18 (one point per flag across 17 flags, capital below 7% counted twice).

## What the filing shows

| Measure | Value |
|---|---|
| Total assets | $1.06B |
| Members | 64,342 (-1.8% YoY) |
| Full-time staff | 210 |
| Net worth | $124.8M |
| Net worth ratio | 11.8% (p69 of band) |
| ROA (annualized) | 0.83% (p61 of band) |
| Total delinquency | 0.15% (p5 of band) |
| Net charge-offs (annualized) | 0.33% (p27 of band) |
| Loans / shares | 83% (p40 of band) |
| Cash / assets | 8.6% |
| Borrowings / assets | 7.09% |
| Net interest margin | 3.30% (p48 of band) |
| Operating expense / assets | 3.98% (p85 of band) |
| Vehicles % of loans | 30% (p60 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 71% |
| Third-party paper % of net worth | 125% (p46 of band) |
| Vehicle delinquency | 0.32% (p20 of band) |
| Vehicle NCO | 0.67% (p28 of band) |
| Repossessed % of vehicle book | 0.05% (p40 of band) |
| Real estate % of loans | 45% |
| Credit cards % of loans | 3% |
| Unsecured % of loans | 5% |
| Commercial % of net worth | 110% |
| Core shares % of member funds | 66% |
| Certificates % of member funds | 22% |
| Average share balance | $6,066 |
| Participations bought / yr | $0 |
| Participations sold / yr | $0 |
| Participations outstanding | $27.2M |
| Loans outstanding per 100 members | 51% |
| Loans granted per 100 members, annualized | 9% |
| Average loan balance | $22,151 |
| Loans granted, annualized | $284.6M |

## Participation posture (from the same filings)

Bought $0 and sold $0 in the latest annualized quarter; $27.2M outstanding purchased (21.8% of net worth), $8.2M sold and retained. Sold in 3 and bought in 1 of the last 8 quarters. Shares 1.3% year over year.

## Flags firing in the latest filing

- **leaning on borrowings** (`str_borrowings`)
- **3rd-party paper>100% NW** (`str_thirdparty`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 1 | 3rd-party paper>100% NW |  |
| 2016-06 | 1 |  |  |
| 2016-09 | 2 | auto monoline |  |
| 2016-12 | 3 | net worth falling |  |
| 2017-03 | 3 |  |  |
| 2017-06 | 2 |  | net worth falling |
| 2017-09 | 2 |  |  |
| 2017-12 | 2 |  |  |
| 2018-03 | 2 |  |  |
| 2018-06 | 2 |  |  |
| 2018-09 | 2 |  |  |
| 2018-12 | 3 | net worth falling, leaning on borrowings | auto monoline |
| 2019-03 | 2 |  | leaning on borrowings |
| 2019-06 | 1 |  | net worth falling |
| 2019-09 | 2 | leaning on borrowings |  |
| 2019-12 | 3 | net worth falling |  |
| 2020-03 | 3 |  |  |
| 2020-06 | 4 | margin squeeze |  |
| 2020-09 | 3 |  | net worth falling |
| 2020-12 | 3 |  |  |
| 2021-03 | 5 | thin capital, net worth falling, delinquency rising | leaning on borrowings |
| 2021-06 | 4 | delinquency 2x band | margin squeeze, net worth falling |
| 2021-09 | 2 |  | delinquency rising, delinquency 2x band |
| 2021-12 | 2 | leaning on borrowings | thin capital |
| 2022-03 | 2 |  |  |
| 2022-06 | 2 | delinquency 2x band | leaning on borrowings |
| 2022-09 | 2 | leaning on borrowings | delinquency 2x band |
| 2022-12 | 2 |  |  |
| 2023-03 | 2 |  |  |
| 2023-06 | 2 |  |  |
| 2023-09 | 2 |  |  |
| 2023-12 | 2 |  |  |
| 2024-03 | 3 | net worth falling |  |
| 2024-06 | 2 |  | net worth falling |
| 2024-09 | 3 | delinquency rising |  |
| 2024-12 | 2 |  | delinquency rising |
| 2025-03 | 2 |  |  |
| 2025-06 | 2 |  |  |
| 2025-09 | 2 |  |  |
| 2025-12 | 2 |  |  |
| 2026-03 | 2 |  |  |

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

- 2026-09-08 [American Heritage Credit Union Marketing Chief Wins 2026 OnCon Top 50 Global Marketer Award - PHILADELPHIA.Today](https://news.google.com/rss/articles/CBMinwFBVV95cUxONmJWdUNpSzRvZGpubU5hcXJjdW04dGhVSHRvcHhHdllzX0gycWxOeWpRUjd1cWdMRzhwYmIwX0tZeHVkcTAzMjdVcG9fVGF6RG9kTE1uQU1iSEhXQ0RITXVza3F4Zl84TGRid01qSGVOTFgyWV91eVVfVDJrRkNET2hINUp3bHdRVFhSdnJBUlR2WVVpa1ZOSWlXRkVXRW8?oc=5) · PHILADELPHIA.Today
- 2026-08-27 [United Heritage Credit Union branch coming to Liberty Hill - Community Impact](https://news.google.com/rss/articles/CBMiuAFBVV95cUxObjlEOFBjd2NfakgzLVZxTEZ5RHBQWGlQTEdXTE5mb1NDZ05ZZGtXTW9oVHh0dGFVOG5xQngxSDdXNzhLN2hjLVlpaVRWb0NpTThlVWU0cTdqYkRiN3Z3OVhRVGJ2cmFvc2hGTTFoa0s3ZHA5U0dPU2kteGtuZG43SFY1RE5XWHd6cGlzWHJESE5YcXdiOUxTZTh6bXhmcEFWd0dyaGRJNmtVTTh1NXhQS214VmdBMGZN?oc=5) · Community Impact
- 2026-04-22 [American Heritage Credit Union recognized for its community impact by South Jersey Biz - CUInsight](https://news.google.com/rss/articles/CBMixgFBVV95cUxQanF1cHQ1R2hKS21SNDFYLUNXVzRsWFFOUFZHOV9OV2JiZVNVN2NNV2UxY1A3LUpLbHBlWHB2TXBzN3R5UXEwOWk1NjJmNGUxZ0ZjMzh3VExOcURlNURqSEpoY2NNbE1fRzd2UUNZUG81N18wY3RnTFlIajNWNkNrNV9hb3VZV00yTlBtNHVXRFpURWF0ZmVib0FvbVN5QUNhOGtaUWhXNzhPbHAyRHZ4UUw3Q3FqVHc3dVdnZkhkTlJlTFoyUFE?oc=5) · CUInsight
- 2026-07-01 [Did You Know? Philadelphia is home to many of America's firsts - 6abc Philadelphia](https://news.google.com/rss/articles/CBMia0FVX3lxTE1IVUdhVm5OTmRwYWtQcVgxWlh6cTFqcXI4aEFkbzFmU1FUZ0RROWgzdnM2VHVUUERicEpNbDVBRU5JdEZqdGF3RlQxWUltY0NvYlluUXNzLTdEWDlxemt3Tk5yT3d0eFp3cFBR?oc=5) · 6abc Philadelphia
- 2026-08-25 [AEG Presents to Open United Heritage Hall in Austin, TX in 2027 - Business Wire](https://news.google.com/rss/articles/CBMiuwFBVV95cUxQMVNwem0tUTdSM21WNzdZX3VNeFFHaE5EMUpMcVJXNjZyX2JnR1RKcTVTS1Rxdm1IQ2Q2ZGprazBrYkhvVk1SN0ZPOWtBV2xseUg3dEN1QkIxZ0JfV0xwdW0wZ2ttUlhGOXJFeTFCeU4yVUVIS0dYNXVFVTlTQXp6elNGX1hNc0xNdEZlaHRYUWNST0h1RWRrSzE3MmdXem9VUV9rOUdtQ2k4UnVRaTQ3WTZzQmJTcEc4bjZv?oc=5) · Business Wire
- 2026-04-27 [Georgia Heritage Federal Credit Union Data Breach Affects 43K - classaction.org](https://news.google.com/rss/articles/CBMingFBVV95cUxPdFJ3Sk43WDdmbXF6R1RUVWxjMk1MeGRxU3l2U2tfckk1UjBsT0hZWHUwYkhqY1BLdGpiemEzQmNJNEZrcURlNnZWWjhQRkNvOHRmbW9aN3AtWk9raV9wZXNkLU04dzZZX1FCbHItRnFacEZOb0p1VnNfUEl3Wmdxa1JXeE9EV3lmQTk4aVI2N3ZmT0VUNE1NSEJUNURaQQ?oc=5) · classaction.org
- 2026-08-25 [Local company gets naming rights to SE Austin's new music venue - The Business Journals](https://news.google.com/rss/articles/CBMingFBVV95cUxOVGt1c2o5UGNYM1NFOFNvcmNPVzNPeVJxa1RGcWFHV3Y0RTRNcnQxRDRaWkFtd2dLcXBwV1c3UGIwaWp2eUc0QV9QQ2V6Y3BTdUN4UmJ6M2s2dEZyZURnRmN0U2F4M3RBMkZjZzQ0SmtNOUhldk1uNW4wQzl0X2lqdXZUTDBYMGMtdFQxOXVINmVwRXQ2bk9QX21ILVZMQQ?oc=5) · The Business Journals
- 2026-07-09 [Philadelphia-based credit union expanding, first location in Lehigh Valley - Lehighvalleylive.com](https://news.google.com/rss/articles/CBMixwFBVV95cUxQVG1CZlZFOEhUY2xSM0hPZ1pETWY2U24wY216U2ROcGEyWFZFSFNGOGl1VmZfRlkzLVhUODR2Z3dpZG1OZk9YVlFVd29hTDk4azRuT2MxU0JrR3RSRjlHZXM3YTk4TVp5VG1McVAxM3EzQXVKUUd6T3NOYjM3OEtUbE9WQklnYXBrVS1sSURhMTE4MHdGOE1JSUVrYWo1QzladFVaV0M0S2NLX1JEdzVZOEwwX2ZXVDM2MHhsT3hQbGpGczBjdG5B?oc=5) · Lehighvalleylive.com

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=16626 (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/50.json (key "16626", 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=16626
- 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