# FIRST NEW YORK
Albany, NY · NCUA charter 2440 · asset band $500M-1B · latest filing 2026-03 · live
Share link (named URL with a preview card): https://getbookiq.com/cu/first-new-york-2440

Who the members are: federal charter, community charter, organized 1937. 39,123 members of 900,000 potential (4.3% of the field); checking penetration 53% (share draft accounts per 100 members); loans per 100 members 44.

**Verdict on the desk:** this could be *ordinary*. 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 | $556.3M |
| Members | 39,123 (1.6% YoY) |
| Full-time staff | 139 |
| Net worth | $50.1M |
| Net worth ratio | 9.0% (p20 of band) |
| ROA (annualized) | 0.46% (p33 of band) |
| Total delinquency | 0.52% (p43 of band) |
| Net charge-offs (annualized) | 0.23% (p26 of band) |
| Loans / shares | 83% (p53 of band) |
| Cash / assets | 9.3% |
| Borrowings / assets | 0.00% |
| Net interest margin | 3.78% (p73 of band) |
| Operating expense / assets | 4.11% (p76 of band) |
| Vehicles % of loans | 20% (p27 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 0% |
| Third-party paper % of net worth | 0% (p7 of band) |
| Vehicle delinquency | 0.30% (p24 of band) |
| Vehicle NCO | 0.72% (p42 of band) |
| Repossessed % of vehicle book | 0.08% (p60 of band) |
| Real estate % of loans | 58% |
| Credit cards % of loans | 3% |
| Unsecured % of loans | 10% |
| Commercial % of net worth | 94% |
| Core shares % of member funds | 63% |
| Certificates % of member funds | 28% |
| Average share balance | $7,511 |
| Participations bought / yr | $0 |
| Participations sold / yr | $0 |
| Participations outstanding | $961,188 |
| Loans outstanding per 100 members | 44% |
| Loans granted per 100 members, annualized | 6% |
| Average loan balance | $24,220 |
| Loans granted, annualized | $102.6M |

## Participation posture (from the same filings)

Bought $0 and sold $0 in the latest annualized quarter; $961,188 outstanding purchased (1.9% of net worth), $0 sold and retained. Sold in 0 and bought in 0 of the last 8 quarters. Shares 5.7% 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 | 0 |  |  |
| 2016-06 | 0 |  |  |
| 2016-09 | 0 |  |  |
| 2016-12 | 0 |  |  |
| 2017-03 | 2 | net worth falling, delinquency rising |  |
| 2017-06 | 3 | thin capital |  |
| 2017-09 | 1 |  | net worth falling, thin capital |
| 2017-12 | 1 |  |  |
| 2018-03 | 0 |  | delinquency rising |
| 2018-06 | 1 | net worth falling |  |
| 2018-09 | 0 |  | net worth falling |
| 2018-12 | 0 |  |  |
| 2019-03 | 0 |  |  |
| 2019-06 | 0 |  |  |
| 2019-09 | 0 |  |  |
| 2019-12 | 0 |  |  |
| 2020-03 | 0 |  |  |
| 2020-06 | 1 | net worth falling |  |
| 2020-09 | 1 | margin squeeze | net worth falling |
| 2020-12 | 2 | thin capital |  |
| 2021-03 | 3 | net worth falling |  |
| 2021-06 | 5 | delinquency 2x band, delinquency rising |  |
| 2021-09 | 2 |  | net worth falling, delinquency 2x band, delinquency rising |
| 2021-12 | 1 |  | margin squeeze |
| 2022-03 | 3 | net worth falling, delinquency 2x band |  |
| 2022-06 | 3 |  |  |
| 2022-09 | 3 | delinquency rising | net worth falling |
| 2022-12 | 1 |  | delinquency 2x band, delinquency rising |
| 2023-03 | 1 |  |  |
| 2023-06 | 1 |  |  |
| 2023-09 | 0 |  | thin capital |
| 2023-12 | 0 |  |  |
| 2024-03 | 2 | thin capital, net worth falling |  |
| 2024-06 | 0 |  | thin capital, net worth falling |
| 2024-09 | 0 |  |  |
| 2024-12 | 1 | thin capital |  |
| 2025-03 | 2 | delinquency rising |  |
| 2025-06 | 0 |  | thin capital, delinquency rising |
| 2025-09 | 0 |  |  |
| 2025-12 | 0 |  |  |
| 2026-03 | 1 | net worth falling |  |

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

- 2026-01-05 [First New York Announces Vik Muktavaram as New President and CEO - Capital Region Chamber of Commerce](https://news.google.com/rss/articles/CBMipgFBVV95cUxQVUVYc09EenU0S1NrVEZMTk1FWjF2VklJVVhmd0d2OEk0cDF0c3c1czBfdlNUT09SVHo5YzNaX2FvT2xDS3RMTTdZT3otaGVOR25oWHNqcFFUOG9zc2ozdnRFZ2JubG5ZaWZxSVhISVNFWFVRekRhV25XZlZGY1J2OEVBSWVNb191eDhnOXRQRE1hNUhfdHFGaGl6NW1oSmsySHBkc1JR?oc=5) · Capital Region Chamber of Commerce
- 2026-03-12 [Vik Muktavaram named President of First New York Credit Union - WNYT.com](https://news.google.com/rss/articles/CBMitwFBVV95cUxNTEJRd1ZfVk9DcDdmSkhfWjhreGZoR2xRY3JTeXFCYWRDOWd5bjdpOV9DdTB5ZE52aE5MX094bWR4R2Q5ZlJsdTNqU3BBR3A1bm1vXzcyN0NaM3VRNDl5dG5UU1VPZlFtRjFmWlhxYnFobHl3eFYtRDhGVjhFeGJQZTZYYnBaMktvcHB6X3lrTXFUZnF0TzVlTDV6ejE3NDhQbnlvQUljVDhFbTJ0X05lVE5yNjRVbTA?oc=5) · WNYT.com
- 2026-02-09 [Vik Muktavaram, Hired at First New York Federal Credit Union - Albany Business Review - The Business Journals](https://news.google.com/rss/articles/CBMijwFBVV95cUxQR3FtbmJVaWJ2Y2tMSWc0Mi10NmxVRHpyMFplN0hFbWg3STV4VllMc2ZPbFF4RjVONDZpRllRa05RT1lMSjQxMDFuV1g4ZUZQU0tLMXpOUEhDdC1oTWJRN29LeUtyZHNHeGszTVlqMWVaaEZSTlMtZEhOLXRjcXpWb0wwYkNENk5ES09jN1JqWQ?oc=5) · The Business Journals
- 2025-11-05 [First New York Announces Planned Retirement of President/CEO Lucy Halstead - Capital Region Chamber of Commerce](https://news.google.com/rss/articles/CBMiswFBVV95cUxPYTJkRFBNTW8tbk05VElwZW95dTZVUUZESE5nWnZuSzhLQjJHZHhpSDU4UnR4NUNIRVdCRzA5aWxvMmczeC1OQ0hGNDA3Rk9OQkhyc0dabWUxZDVVZTktVmNUVlQ4LXpNQjd0dnBocWlfQ2hIZXpjelh4TXdVQjVDS3VkaHZfdTFNc0VsNXQ2MU9LWGtTTTBhYUNZeHlwMHdVN3pPOHVwSE5jelByUkZON0tkMA?oc=5) · Capital Region Chamber of Commerce
- 2022-03-14 [First New York Federal Credit Union welcomes new Vice President of Lending - CUInsight](https://news.google.com/rss/articles/CBMitgFBVV95cUxOTW1aVG5taFo1U1doeXlLQnl3T1BBMGVNa19Gdms1d1RSaFBaMnRnRHN3aURTR0tWSzcwcW9mU19XMTJILV91MFRoQV9qNU9JcUhtOVZvTVFXWWhLQXB3eFlWTFRCWHE4T214Q0MyVXlleFBjMVRMUl9jOF9ybTNsWlNwanc0aVBLMUw3S29sMzdMZjZRTEQ4SzFLM2NBdWJ4STd0b2k3VkJuUlBua3paZGlGeXpXUQ?oc=5) · CUInsight
- 2023-12-15 [First New York Federal Credit Union Legacy Branch at Mohonasen High School Ribbon Cutting - Capital Region Chamber of Commerce](https://news.google.com/rss/articles/CBMiXEFVX3lxTE44ZFlRcnlkLWVHZzBSNWZFTl82WWo0V1ppUGtuZGtmNzBmeDQ2ekJ5R2VGTlF2YUx4blItaEtnMk1aQW9xcjRseEdkd0lnMkg3clZfN25YekQwQlJX?oc=5) · Capital Region Chamber of Commerce
- 2025-11-04 [Terri M. McLean Obituary (2025) - Watervliet, NY - New Comer Cremations & Funerals - Watervliet - legacy.com](https://news.google.com/rss/articles/CBMigAFBVV95cUxOLVFCeGdZbmtRR3l6c05MaHNsc2JzMEcxOV9PZXdvOHZ1VDcwQlBReFJodlkybTRETG5LZ2dDREJZVzU2OHVPVWhUMXBvbTZ6Vk1mdUVFYW5JdXN2bngxeUxUTHNTR1Y3OUJNS0lZc053TjdCazRPdnNacWlNQVVOUQ?oc=5) · legacy.com
- 2020-01-16 [First New York Federal Credit Union Millionaire For a Day - Capital Region Chamber of Commerce](https://news.google.com/rss/articles/CBMinAFBVV95cUxPdXgzWXVSUjdnRF9WZW1YcTJuYVVYYVgzUWlMV3UzenQ5T0ZFM0Q1UlRmSTk1bGEwRXdfaHRyU0Z4b0FIQlJQeTY5UFMzQWNCTUZNdEs4WWZDdjlzZmFSUWNOOHRvdUpfS1B1d3U5NjJfN3ZsM0UwcFlTeWEyV2wzWWRjbzcxemk0VV9Ta2tPZmFoR1BHdHBFaW9oX0U?oc=5) · Capital Region Chamber of Commerce

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=2440 (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/8.json (key "2440", 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=2440
- 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