# FAMILY FIRST OF NY
ROCHESTER, NY · NCUA charter 19304 · asset band $200-500M · latest filing 2026-03 · live
Share link (named URL with a preview card): https://getbookiq.com/cu/family-first-of-ny-19304

Who the members are: federal charter, community charter, organized 1969. 15,381 members of 850,000 potential (1.8% of the field); checking penetration 66% (share draft accounts per 100 members); loans per 100 members 108.

**Verdict on the desk:** this could be *liquidity-tight*. 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 | $340.2M |
| Members | 15,381 (-0.2% YoY) |
| Full-time staff | 61 |
| Net worth | $40.9M |
| Net worth ratio | 12.0% (p61 of band) |
| ROA (annualized) | 0.41% (p29 of band) |
| Total delinquency | 0.32% (p24 of band) |
| Net charge-offs (annualized) | 0.26% (p36 of band) |
| Loans / shares | 110% (p99 of band) |
| Cash / assets | 2.8% |
| Borrowings / assets | 12.64% |
| Net interest margin | 3.52% (p48 of band) |
| Operating expense / assets | 3.75% (p52 of band) |
| Vehicles % of loans | 5% (p3 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 65% |
| Third-party paper % of net worth | 26% (p33 of band) |
| Vehicle delinquency | 0.50% (p45 of band) |
| Vehicle NCO | 0.73% (p56 of band) |
| Repossessed % of vehicle book | 0.00% (p25 of band) |
| Real estate % of loans | 72% |
| Credit cards % of loans | 1% |
| Unsecured % of loans | 3% |
| Commercial % of net worth | 97% |
| Core shares % of member funds | 44% |
| Certificates % of member funds | 35% |
| Average share balance | $7,062 |
| Participations bought / yr | $2.9M |
| Participations sold / yr | $279,740 |
| Participations outstanding | $15.8M |
| Loans outstanding per 100 members | 108% |
| Loans granted per 100 members, annualized | 15% |
| Average loan balance | $16,883 |
| Loans granted, annualized | $96.1M |

## Participation posture (from the same filings)

Bought $2.9M and sold $279,740 in the latest annualized quarter; $15.8M outstanding purchased (38.7% of net worth), $16.6M sold and retained. Sold in 8 and bought in 8 of the last 8 quarters. Shares 6.8% year over year.

## Flags firing in the latest filing

- **loans>95% of shares** (`str_ltos`)
- **leaning on borrowings** (`str_borrowings`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 3 | loans>95% of shares, leaning on borrowings, 3rd-party paper>100% NW |  |
| 2016-06 | 3 |  |  |
| 2016-09 | 3 |  |  |
| 2016-12 | 3 |  |  |
| 2017-03 | 5 | net worth falling, delinquency rising |  |
| 2017-06 | 4 |  | delinquency rising |
| 2017-09 | 3 |  | net worth falling |
| 2017-12 | 3 |  |  |
| 2018-03 | 4 | net worth falling |  |
| 2018-06 | 4 |  |  |
| 2018-09 | 3 |  | net worth falling |
| 2018-12 | 3 |  |  |
| 2019-03 | 3 | net worth falling | loans>95% of shares |
| 2019-06 | 2 |  | net worth falling |
| 2019-09 | 3 | loans>95% of shares |  |
| 2019-12 | 4 | delinquency rising |  |
| 2020-03 | 4 | members leaving | delinquency rising |
| 2020-06 | 5 | net worth falling |  |
| 2020-09 | 3 |  | 3rd-party paper>100% NW, net worth falling |
| 2020-12 | 2 |  | members leaving |
| 2021-03 | 1 |  | loans>95% of shares |
| 2021-06 | 1 |  |  |
| 2021-09 | 2 | loans>95% of shares |  |
| 2021-12 | 1 |  | leaning on borrowings |
| 2022-03 | 1 | net worth falling | loans>95% of shares |
| 2022-06 | 1 |  |  |
| 2022-09 | 3 | delinquency rising, loans>95% of shares, leaning on borrowings | net worth falling |
| 2022-12 | 3 | delinquency 2x band | leaning on borrowings |
| 2023-03 | 3 | leaning on borrowings | delinquency 2x band |
| 2023-06 | 2 |  | delinquency rising |
| 2023-09 | 3 | delinquency rising |  |
| 2023-12 | 2 |  | delinquency rising |
| 2024-03 | 3 | margin squeeze |  |
| 2024-06 | 3 |  |  |
| 2024-09 | 2 |  | margin squeeze |
| 2024-12 | 2 |  |  |
| 2025-03 | 3 | members leaving |  |
| 2025-06 | 3 |  |  |
| 2025-09 | 3 |  |  |
| 2025-12 | 3 |  |  |
| 2026-03 | 2 |  | members leaving |

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

- 2010-04-27 [Dinner celebrated accomplishments of women - Rochester Institute of Technology](https://news.google.com/rss/articles/CBMickFVX3lxTE9wZUxlc2JSa2d4dWM1aGZhb2NhUzQyR2I2OElfbW42bzd6djlFcjI5dlVzTFpyWEE5OG9hQWU5TndTRjdzVjNjMUExandPR2dOaVEtTlpjNkRMTjI4bnE1VlJnYWhyRXJFaWRMa0JScFhOZw?oc=5) · Rochester Institute of Technology
- 2023-01-19 [City uses power of courts to crack down on rental code violations - rbj.net](https://news.google.com/rss/articles/CBMipAFBVV95cUxPWU5NZ3l6V3p1dWdQZHVSUzUzTG1yc0hrSjhBS2FhZGpvVGRKeUZYX0pZbmRYemNDb01tSjZDX3NuMWU5NWZlcFVLSG9Vckt0a0ZmNmR1eEdxekdRUHlzTGUzUVJPd0pTNWJKR011d290MFlwNkNKaWJ5TkthVDhPVzhYdFU1UW1vQWtsTkp4cE8yX0hfTS1CYWpSbGRiV3ZHSU4xbA?oc=5) · rbj.net
- 2018-10-02 [Here are all of the banks that currently support Apple Pay - iMore](https://news.google.com/rss/articles/CBMid0FVX3lxTE9ZY3JkQUdrNTNjWmMzVFk2QXBlWExaRnI3bjVsQ28wVlFRWUc5TEVWMm5TWkZ6RmtKTTNZRUhKbExyS25yb2pnRTc5VklBeW13Mzk0aU9MWVNGbHpiMDJUM1pfOVFvdFhCdGpNLUJQVG9ybXYzNlc4?oc=5) · iMore

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=19304 (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/40.json (key "19304", 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=19304
- 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