# HERITAGE FAMILY
Rutland, VT · NCUA charter 24742 · asset band $500M-1B · latest filing 2026-03 · live
Share link (named URL with a preview card): https://getbookiq.com/cu/heritage-family-24742

Who the members are: federal charter, community charter, organized 1956. 54,726 members of 851,000 potential (6.4% of the field); checking penetration 54% (share draft accounts per 100 members); loans per 100 members 70.

**Verdict on the desk:** this could be *indirect buyer*. 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 | $852.9M |
| Members | 54,726 (1.3% YoY) |
| Full-time staff | 196 |
| Net worth | $101.9M |
| Net worth ratio | 11.9% (p72 of band) |
| ROA (annualized) | 0.45% (p32 of band) |
| Total delinquency | 0.75% (p64 of band) |
| Net charge-offs (annualized) | 0.51% (p58 of band) |
| Loans / shares | 88% (p72 of band) |
| Cash / assets | 6.3% |
| Borrowings / assets | 4.17% |
| Net interest margin | 4.47% (p95 of band) |
| Operating expense / assets | 4.73% (p92 of band) |
| Vehicles % of loans | 28% (p50 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 65% |
| Third-party paper % of net worth | 125% (p56 of band) |
| Vehicle delinquency | 0.75% (p64 of band) |
| Vehicle NCO | 0.79% (p48 of band) |
| Repossessed % of vehicle book | 0.21% (p81 of band) |
| Real estate % of loans | 39% |
| Credit cards % of loans | 4% |
| Unsecured % of loans | 10% |
| Commercial % of net worth | 106% |
| Core shares % of member funds | 67% |
| Certificates % of member funds | 20% |
| Average share balance | $6,902 |
| Participations bought / yr | $0 |
| Participations sold / yr | $0 |
| Participations outstanding | $7.5M |
| Loans outstanding per 100 members | 70% |
| Loans granted per 100 members, annualized | 10% |
| Average loan balance | $16,476 |
| Loans granted, annualized | $135.0M |

## Participation posture (from the same filings)

Bought $0 and sold $0 in the latest annualized quarter; $7.5M outstanding purchased (7.4% of net worth), $339,210 sold and retained. Sold in 0 and bought in 0 of the last 8 quarters. Shares 5.6% year over year.

## Flags firing in the latest filing

- **net worth falling** (`cap_falling`)
- **expense trap** (`earn_opex`)
- **3rd-party paper>100% NW** (`str_thirdparty`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 0 |  |  |
| 2016-06 | 0 |  |  |
| 2016-09 | 2 | net worth falling, 3rd-party paper>100% NW |  |
| 2016-12 | 2 |  |  |
| 2017-03 | 2 |  |  |
| 2017-06 | 1 |  | net worth falling |
| 2017-09 | 2 | repo signal |  |
| 2017-12 | 2 | loans>95% of shares | repo signal |
| 2018-03 | 2 | expense trap | loans>95% of shares |
| 2018-06 | 3 | net worth falling, loans>95% of shares | expense trap |
| 2018-09 | 2 |  | net worth falling |
| 2018-12 | 2 |  |  |
| 2019-03 | 1 |  | loans>95% of shares |
| 2019-06 | 3 | expense trap, members leaving |  |
| 2019-09 | 3 |  |  |
| 2019-12 | 5 | delinquency 2x band, delinquency rising |  |
| 2020-03 | 3 | charge-offs p90 | members leaving, delinquency 2x band, delinquency rising |
| 2020-06 | 4 | net worth falling, margin squeeze | expense trap |
| 2020-09 | 3 |  | charge-offs p90 |
| 2020-12 | 3 |  |  |
| 2021-03 | 4 | thin capital |  |
| 2021-06 | 2 | charge-offs p90 | 3rd-party paper>100% NW, net worth falling, thin capital |
| 2021-09 | 0 |  | margin squeeze, charge-offs p90 |
| 2021-12 | 0 |  |  |
| 2022-03 | 0 |  |  |
| 2022-06 | 0 |  |  |
| 2022-09 | 0 |  |  |
| 2022-12 | 0 |  |  |
| 2023-03 | 1 | 3rd-party paper>100% NW |  |
| 2023-06 | 2 | leaning on borrowings |  |
| 2023-09 | 2 |  |  |
| 2023-12 | 2 |  |  |
| 2024-03 | 2 |  |  |
| 2024-06 | 3 | delinquency rising |  |
| 2024-09 | 2 |  | delinquency rising |
| 2024-12 | 3 | delinquency rising |  |
| 2025-03 | 2 |  | delinquency rising |
| 2025-06 | 1 |  | leaning on borrowings |
| 2025-09 | 1 |  |  |
| 2025-12 | 2 | leaning on borrowings |  |
| 2026-03 | 3 | net worth falling, expense trap | leaning on borrowings |

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

- 2026-05-23 [Heritage Family CU marks 70 years of moving mountains for its members - Vermont Business Magazine](https://news.google.com/rss/articles/CBMipAFBVV95cUxQeUxsTWNDM3pZbl8wbjdrOG1EZWI5N3Awa1RvVG5hMkxBUzdUN3JteWw3a0hlUVVSQmJTRUhjV0VHOVNYYmxRcHd0Ul9NS0plUnZnUHB2TnQyLVFFeHE2MFpzcFFFS1EtdnRMRlFicFRkSWozVTJsb0oyVkRmUGsxblg5NjJtTzE5bnVYb2R4MTFPZVJmczYxUmJueEJUMWFrZUxUWA?oc=5) · Vermont Business Magazine
- 2026-05-13 [Heritage Family Credit Union Marks 70 Years With Paramount Theatre Celebration - Mountain Times](https://news.google.com/rss/articles/CBMiigFBVV95cUxQQ19fdmFEVG9tU3dIb296a015ZkFCN3RxWU1FNWFLSjNEYXZ4Sl9jSWprb2FoZE9zb243V1EyRS0wb0txSTkzTWo2YkNFY1NvcE4xWVQ4UEZLMVBUSUdNSFJLM2VINlkwMUpjc01GMUxQellNUlZQeTlGVUg2Q0hYZVU1TnM1THpORGc?oc=5) · Mountain Times
- 2026-06-16 [Randy Ryan rolls to second win on Heritage Family Credit Union Night - NYVT Media](https://news.google.com/rss/articles/CBMi0AFBVV95cUxOVUllV0xfZXV2RzNlbVpiaHV5MXdSdHhweW5jMTJXSS1ib0FmemY1QzBXLUdmZEtQTDZSWm5zZ09aNzRyR2h3cGxUd1RnUVgwV2NEQWo4T0pzX0l3WjZ1cjhrVG9ORUR6M0dpOVAtWHlMUHg4UGV5ZDhPNEZLNTlNWlRGV2phcllTd05QVS1IQ3VQdVN4YUNSVlVZSHlUdmtfaEd0RGFkODRfVW5wQWlCeDc0eVpnWlJQcy02QU5pUWlwRElQb2FHV1dGRXpFZ0VO?oc=5) · NYVT Media
- 2026-04-08 [Heritage Family Credit Union and Better Bennington Corporation present Thursday Night Live Summer Series - Bennington Banner](https://news.google.com/rss/articles/CBMipAJBVV95cUxPQ2k4NmZBN1NqSkFXM1BNWndJU3ZEYUJ4N3FvVEJpSm1DRHE4VVlXRHNvbWRjM0ZuSklaSHZkMWJpV21rYUs3Y2NXNVUtbTB2WE9oX196NjBGN2s5ZXpVcm1OU1kyQjRmcHdyWElzcmpkeFVMNXpHOUR2VHBQVnNHLWZNS040VFRlem1aVkxOcE84ZEFYc2NyT2FVX3RsX0pJbHlQd2xSS0d5bVh5OW5tVmdkRDBZSVRZaXdIb2lMNkJRcC02MHdrUUwxZHgtN3l4Zk1RNUx3VDN2QWZLZDFpSzJ6MVRaVUdGSThiRHl1WVYwN1NvYUhJS3JfVHh3MFF1eHpoZmFSTTV0b09JajlYSGxZZWxyNWNPV3ZhbGMzS1J3LU9B?oc=5) · Bennington Banner
- 2026-05-20 [Heritage Family Credit Union Celebrates 70 Years Of Service At Paramount Theatre Event - Mountain Times](https://news.google.com/rss/articles/CBMiwwFBVV95cUxPSlViVXRnc3ExcmRneWdWLXpHMzI2QWlVZzFMLXRxcXlfS0dVOHhsd0xVMllfaEl3aU1nQnVmNjlZT0dpaDFtRlBtMm04QmNhNnFOaGYydW5aUTFqMnJZaVVnSF9xMGtwY2NKdjM2Z2VWaUQ3ZUNKSXQzOXVsNmYybnFTSXpMeWtoeDhoa2hBbXNQOWJYQ1FwMG9PRmljVEZDTUUtYVJNdDRuXzRPMUxaNi1YdS0zcUxFQlloMXFoV2xsU1E?oc=5) · Mountain Times
- 2026-03-14 [Rutland’s Shiver Me Shamrock 5K raises money for local charity - WCAX](https://news.google.com/rss/articles/CBMilAFBVV95cUxNRkRPWmswcnpaNGZZV1A5eE1kV0tUeTZxYzc1YkxJWjlhVmlNdWxHVXcyVFlyRGNxVm9hOHVWQ2VaM0JxaXIxTWl5NmVqZEt5YzU1YkFMYnZzalBHTTk2SE5Ya19meHd5ZWE4NUFRbXJPSXhBYUFUanBYMFdzZXRySG55MzQ2dE42emJXUVpsMEdWT3R3?oc=5) · WCAX
- 2026-02-02 [Vermont state treasurer announces new funding for housing development - WAMC](https://news.google.com/rss/articles/CBMiqgFBVV95cUxPVkgyb2ZBaGFNd1VHRWt6a1pPMzZXeHlBejVLUi1CN3RGdlpkSXpNUEZybjZNZF9WZ2lhbTltQndFamZFWUtlXzkzeEdfZjQ2VGtPNkFGY2ZlZkxHR3RRcklMOE55UWZETXlhemZYOTQzaVZtbERYT05ROFNLei1KS195NlVPVnhMbEZKbGJ4ZUhUU01wZGNCWFlJZ3BjZ25IMTROcnlzZVEzQQ?oc=5) · WAMC
- 2026-05-18 [2026 Best of Business in Vermont recipients announced - Vermont Business Magazine](https://news.google.com/rss/articles/CBMikAFBVV95cUxQMld1MGFQeGF5dlpET0I1WEhxa3QybVZiZXJjOHZiTGM5eDFWaVBfSVZHRXA5Y3BoRXpSMlhSazZadXo0eXFPQ25zdU9yQjBlSjNlUDZiLVQtS2FLNkRmZUU1NXZNbzFrcnNBejdyY1VPbGpvMFpPSUpfZWd6Q01NNlZXMzdoVTViMXBzOFMzWm8?oc=5) · Vermont Business Magazine

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=24742 (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/38.json (key "24742", 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=24742
- 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