# ULSTER
Kingston, NY · NCUA charter 21694 · asset band $100-200M · latest filing 2026-03 · live
Share link (named URL with a preview card): https://getbookiq.com/cu/ulster-21694

Who the members are: federal charter, community charter, organized 1974, low-income designated. 6,975 members of 183,565 potential (3.8% of the field); checking penetration 78% (share draft accounts per 100 members); loans per 100 members 59.

**Verdict on the desk:** this could be *liquidity-rich*. Composite score 1 of 18 (one point per flag across 17 flags, capital below 7% counted twice).

## What the filing shows

| Measure | Value |
|---|---|
| Total assets | $176.9M |
| Members | 6,975 (-1.8% YoY) |
| Full-time staff | 29 |
| Net worth | $18.2M |
| Net worth ratio | 10.3% (p30 of band) |
| ROA (annualized) | 0.62% (p44 of band) |
| Total delinquency | 0.58% (p47 of band) |
| Net charge-offs (annualized) | 0.24% (p39 of band) |
| Loans / shares | 25% (p2 of band) |
| Cash / assets | 25.1% |
| Borrowings / assets | 0.00% |
| Net interest margin | 2.86% (p10 of band) |
| Operating expense / assets | 2.99% (p26 of band) |
| Vehicles % of loans | 22% (p23 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 0% |
| Third-party paper % of net worth | 0% (p16 of band) |
| Vehicle delinquency | 0.00% (p3 of band) |
| Vehicle NCO | 0.00% (p8 of band) |
| Repossessed % of vehicle book | 0.00% (p32 of band) |
| Real estate % of loans | 33% |
| Credit cards % of loans | 3% |
| Unsecured % of loans | 9% |
| Commercial % of net worth | 45% |
| Core shares % of member funds | 72% |
| Certificates % of member funds | 18% |
| Average share balance | $10,141 |
| Participations bought / yr | $0 |
| Participations sold / yr | $0 |
| Participations outstanding | $9.0M |
| Loans outstanding per 100 members | 59% |
| Loans granted per 100 members, annualized | 8% |
| Average loan balance | $10,088 |
| Loans granted, annualized | $7.8M |

## Participation posture (from the same filings)

Bought $0 and sold $0 in the latest annualized quarter; $9.0M outstanding purchased (49.2% of net worth), $7,187 sold and retained. Sold in 0 and bought in 0 of the last 8 quarters. Shares 7.9% year over year.

## Flags firing in the latest filing

- **net worth falling** (`cap_falling`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 2 | thin capital, delinquency 2x band |  |
| 2016-06 | 2 |  |  |
| 2016-09 | 2 |  |  |
| 2016-12 | 1 |  | delinquency 2x band |
| 2017-03 | 2 | delinquency 2x band |  |
| 2017-06 | 2 | net worth falling | delinquency 2x band |
| 2017-09 | 1 |  | net worth falling |
| 2017-12 | 2 | delinquency 2x band |  |
| 2018-03 | 3 | net worth falling |  |
| 2018-06 | 2 |  | delinquency 2x band |
| 2018-09 | 2 | delinquency 2x band | net worth falling |
| 2018-12 | 2 |  |  |
| 2019-03 | 1 |  | delinquency 2x band |
| 2019-06 | 3 | net worth falling, delinquency 2x band |  |
| 2019-09 | 2 |  | net worth falling |
| 2019-12 | 2 |  |  |
| 2020-03 | 4 | margin squeeze, delinquency rising |  |
| 2020-06 | 6 | net worth falling, loan book shrinking |  |
| 2020-09 | 4 |  | net worth falling, loan book shrinking |
| 2020-12 | 3 |  | delinquency rising |
| 2021-03 | 4 | net worth falling |  |
| 2021-06 | 4 |  |  |
| 2021-09 | 3 |  | net worth falling |
| 2021-12 | 2 |  | margin squeeze |
| 2022-03 | 3 | delinquency rising |  |
| 2022-06 | 3 | members leaving | delinquency rising |
| 2022-09 | 2 |  | members leaving |
| 2022-12 | 2 |  |  |
| 2023-03 | 3 | charge-offs p90 |  |
| 2023-06 | 4 | assets shrinking |  |
| 2023-09 | 3 |  | thin capital |
| 2023-12 | 3 |  |  |
| 2024-03 | 2 |  | charge-offs p90 |
| 2024-06 | 0 |  | delinquency 2x band, assets shrinking |
| 2024-09 | 0 |  |  |
| 2024-12 | 1 | members leaving |  |
| 2025-03 | 0 |  | members leaving |
| 2025-06 | 0 |  |  |
| 2025-09 | 0 |  |  |
| 2025-12 | 1 | net worth falling |  |
| 2026-03 | 1 |  |  |

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

- 2026-02-13 [Hudson Valley Credit Union Celebrates Grand Opening of New Paltz Branch - Capital Region Chamber of Commerce](https://news.google.com/rss/articles/CBMirwFBVV95cUxNOGdhY1Fyeko5RUMyc3dSNEx6NE1KYzRGYnk0QjFEWk50X3BkQWc0aWhSb1lkcjVhYWxfYzY2S0xoNm5OcnJzNGNLcTRhUXZsSFp4TGJGdzYyQXFPUHN3dW9BUEJPWUlLd1M4bTlaSWFkOXFLUmlLUXE5UkUwNlg0WUxGSXlXQ3ZZbFVHbklzY1hYMzJfNVlyTk1pajEtRW1oSkVRbTl0ODkxWlBjWDlZ?oc=5) · Capital Region Chamber of Commerce
- 2026-06-24 [Hudson Valley Credit Union Invests in The Next Generation of Community Leaders - citybiz.co](https://news.google.com/rss/articles/CBMiuAFBVV95cUxPNFFyWnR5NzdVSW5PVm9zN1BtQlQ0N20xY0tVVUhuYlJPV3NfdUVYcGVjVFNmWHhGV21KdDBJbXh5UmhvZVJELXUzQWZkNFp1UzF5VUxZRVpLU2JtU3JidjBhU0UtaXRhRG9Zc2JMRk85dG5FTmZKeDVFenU2WFR0VmNDS09KU1h4RHdDMG1wbFU0bDlRODhKM0VtZ1NiWUp4S0VBUVNKYlF4VjY2TzZFclFXT3FKazY0?oc=5) · citybiz.co
- 2026-06-26 [Man Tries Cashing Bogus $2.5K Check Issued From Ambulance Company In Red Hook: Cops - DailyVoice.com](https://news.google.com/rss/articles/CBMikgFBVV95cUxNNmlnekdVM2hIOHRkcURtOU9VM2R0N195OUl3Z0MyRGN6Y2w3VzNGV0VvR2JtUVFWaUlyODFLejhCZVZNS2xGcy1lZk5JZ3h4bDl1cmVZUEhyT29EclpfRklIRmxqVTRFT1RTUFFzSlBhdGx0YkU1VUs1aVV2VEJMbktBRDVoZ3VrQ3daUHo5Vmt2dw?oc=5) · DailyVoice.com
- 2026-06-26 [Wanted man caught trying to cash fraudulent check in Red Hook, police say - Daily Freeman](https://news.google.com/rss/articles/CBMiswFBVV95cUxOMzl5YkNFOW5FZHc3SkRJR094TmkzbnRXRlkwRDdVZGtFSUVIMkxUeEhkR2NMU0YwdGN3V3ZBdDUzMlZMNzByWmV4eUtVWEtvOTFFX0xOMGs0NGQyOTA1M3FfeHJ1ZGgxR1VsWUdYbjU1aGNiUkJVU2FYWXdHV25oV2JSRXh2bzRRYXg0c1BiX1Z1NGVwZ25KbWJhNlR1RlpXRGRKTWJiSEFDN3p6b3VlTHdydw?oc=5) · Daily Freeman
- 2025-11-26 [Beginning of Hope Springs Development By Habitat - Hudson Valley Press](https://news.google.com/rss/articles/CBMilAFBVV95cUxNd2pIVTl4WmlQVS1ESWRLSmZjLTNHZW1oSDNnajRmS3p2Z2s4U254TFFrWHR3eUdTUndQTmxoR3NGbU5SalJTOEVUODhDenRnc0JtLUR4TlJNWFF0R19Xb3MzWXA1ZkVCOFVzcFN3MjE3TzZaUkd3ZmVUVjRzTEhQX1JHZGVGbGtjcDdUNGZxb0xONndj?oc=5) · Hudson Valley Press
- 2024-01-11 [NY credit union eyes 1st whole-bank purchase of 2024 - Banking Dive](https://news.google.com/rss/articles/CBMiuwFBVV95cUxOOERZSTNKUzlyanFpRDJrMlZzdVZ6aGZDMEhadExJOUlVMTFLLVNqSWJTeVJwSHJkYjBWbWpkN0Y3ZVF3RTJUekoyY21xNVNwbUd4V09BcWVYQlJIeXdSdGluTnhKbC1LNFJ4TWs0YXR3NmJUWU85OW13cFUwdm9OV2FqdnVDc2FjeGxfb184amhOY1JKNUtvNnZBWl9RSmVObnhlWnltUDFCUHY1NVhDZXlZQ3N1clEzMUdV?oc=5) · Banking Dive
- 2023-01-13 [Episcopal diocese establishes credit union to expand access to financial services - christiancentury.org](https://news.google.com/rss/articles/CBMiswFBVV95cUxQblhwT3QxWVUxRGJCdU5DT29YT2Ywa2FqZkRWUHA3M29FUzRyNEljU2drei1EeFpaSlczTjR5MjZzS3Q2MUZFWkhWdWpubGpqSG5tY1p0Z05GSnBjMTFBYml4NHhETEQ2Ym82SG5LZldOdFNLbV9RVTYxMG5Na0VGV0ZZY09ZcElWczNVRGlwUDgzUUxVWnU4ZzFhTXZ5a3p0akt3MmM0YU5ON2ZuazNzdERwRQ?oc=5) · christiancentury.org
- 2025-12-08 [Marquis Software Solutions Under Investigation for Data Breach of Over 780,000 Financial Records - Schubert Jonckheer & Kolbe](https://news.google.com/rss/articles/CBMickFVX3lxTE1vZVQ4bU5jSFVZOGJmZmVqbDJWLXBOcHcxWUZISVE3djVZZVM4ZHFaRTdFTk9vMGptMU5fY2NjMmNRRlRSX1BHVEJ6VjdDeHlSNEZIeTNYU2VoYVRaaDZqT2otMUJvaEROYWx3OWdlQmdIZw?oc=5) · Schubert Jonckheer & Kolbe

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=21694 (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/62.json (key "21694", 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=21694
- 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