# FIRST SOURCE
New Hartford, NY · NCUA charter 2658 · asset band $1-10B · latest filing 2026-03 · live
Share link (named URL with a preview card): https://getbookiq.com/cu/first-source-2658

Who the members are: federal charter, multiple common bond, organized 1938, low-income designated. 64,151 members of 353,905 potential (18.1% of the field); checking penetration 64% (share draft accounts per 100 members); loans per 100 members 82.

**Verdict on the desk:** this could be *liquidity-tight*. 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 | $1.12B |
| Members | 64,151 (2.2% YoY) |
| Full-time staff | 234 |
| Net worth | $111.2M |
| Net worth ratio | 9.9% (p32 of band) |
| ROA (annualized) | 0.74% (p53 of band) |
| Total delinquency | 0.81% (p70 of band) |
| Net charge-offs (annualized) | 0.99% (p84 of band) |
| Loans / shares | 103% (p95 of band) |
| Cash / assets | 6.5% |
| Borrowings / assets | 0.00% |
| Net interest margin | 4.85% (p99 of band) |
| Operating expense / assets | 4.15% (p90 of band) |
| Vehicles % of loans | 29% (p58 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 0% |
| Third-party paper % of net worth | 0% (p3 of band) |
| Vehicle delinquency | 0.59% (p51 of band) |
| Vehicle NCO | 1.34% (p68 of band) |
| Repossessed % of vehicle book | 0.00% (p11 of band) |
| Real estate % of loans | 44% |
| Credit cards % of loans | 3% |
| Unsecured % of loans | 11% |
| Commercial % of net worth | 113% |
| Core shares % of member funds | 40% |
| Certificates % of member funds | 30% |
| Average share balance | $6,752 |
| Participations bought / yr | $0 |
| Participations sold / yr | $0 |
| Participations outstanding | $6.3M |
| Loans outstanding per 100 members | 82% |
| Loans granted per 100 members, annualized | 15% |
| Average loan balance | $19,666 |
| Loans granted, annualized | $318.2M |

## Participation posture (from the same filings)

Bought $0 and sold $0 in the latest annualized quarter; $6.3M outstanding purchased (5.6% of net worth), $0 sold and retained. Sold in 0 and bought in 2 of the last 8 quarters. Shares 4.0% year over year.

## Flags firing in the latest filing

- **loans>95% of shares** (`str_ltos`)

## Warning timeline

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

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

- 2026-09-03 [First Source mum sale supports rescue missions - Rome Sentinel](https://news.google.com/rss/articles/CBMi-wFBVV95cUxNZ0RNTnYteml6dmxtbG40TmJyU0FOM0Z4SWw5WXBBMWZQSk16MVZEeW0wbjdMdkhfN1ZNVkl1VGxONXdjRHJsUHM4ODlKWUF1emhycTQxdk1kWi1KWGFTZ0xCT0l1VlcxS0hwRnFKVUZ0S3BhU1pqWTNWUl9qNHZQcFRTaWFad0JFcjY4WmNrRThrTm92WThyb29BZ04yUy11U2drQlFXVnZNMDBQMEY3T1FNTDRTQ1phRk53WDhTUkNWTWQ1RmVQS2lDcE1ZYzJ4ZjZTRFlzV2hQZHlTMjZWTEtxaXhtVGZWUTlxeVFjMkhMUFBPUkd0WWZ2bw?oc=5) · Rome Sentinel
- 2025-08-04 [First Source Federal Credit Union Teaches Kids Financial Literacy - wktv.com](https://news.google.com/rss/articles/CBMi3wFBVV95cUxNUXZNWlNvZkR3VUdFMXhCMWlwNE5aMHpKQS1Eb2tpVEFDS3RCR1hDQkJKLUpDdEEyTFdKRFlvM2Y4VnhfU3FocFlXdGZXSGxUZnd2OFlkNU1jbWc3UVh2cHNiSk91WjAzUU9Eem1xNUZ3Z2tLVHEwSVl6bl9NS0R6VXBvMV9PX1d0dEM0U21tVElSQzBKTmx4V1Y4TS1VU1dPRlczT1gtMEk1V0lvaUZlcGFFcmpIczJvQ1FSNTRJalVMZkRWNWlyak5nYUJkVnpUb0c0RG10SGV5NWFCUzk0?oc=5) · wktv.com
- 2017-02-26 [Focusing on community paying off - Utica Observer Dispatch](https://news.google.com/rss/articles/CBMimwFBVV95cUxQZEUzUlJKYkdGQk9BYnVwVFZaUElpZFRid1pVNGNKX3VtTUtEQTd3aFVhRGRZU21hVm83MUdmeURKTjJCQmhhNndXcGx5Umt4amhHdVJEOFFOVC1UV2pkQTMzZE95QUgxOUpuOGNkUXRUeUdvT1VHNWM4R0hsMmVhWVMxak1QNzlRVjQzUWdBMFp0TFdJd1FvT29ORQ?oc=5) · Utica Observer Dispatch
- 2018-11-02 [First Source Federal Credit Union Serves Members and Communities in Upstate New York Through Financial Literacy Programs and Resources - BadCredit.org](https://news.google.com/rss/articles/CBMinAFBVV95cUxOdlJYZVhodWFaTGhHSTNqMnJQdGNkQmJkNmJrVURuNjBsNWRXS1czaVYtdW11ckpWZ2JZMGxHRHhSWHJGM2p2VkdDM1RGMkhfWnBKNC1Ha1J3UlVSNWMtUkZEYk9BMFJVOVlMS0NiZG1hWUFjdU5ONWlFTmZJQlFaVmVuRjJpZnVzLW5tOHlkOFpoWnc2amtwN2ZHRDDSAaIBQVVfeXFMUENielhzOE9KemowdnBha3JBZ2pyRGhSMHhUbzFzUUhEUlpuNUpJTThUQVBhVjNSZ25TZVdmM3I5OU9OdGNNcEEzT2wzeTMyMUtIQUowWFhfYTQwWTdZa09TNEdnNnM4alRqakR6VjQ2Y1RlaVRINUtMRS1MVnJDeFpwbjhENG1TWkE4MXpXQkZjTllob21zdGRqcDM1YTFpR0dB?oc=5) · BadCredit.org
- 2025-04-18 [First Source announces key senior leadership appointments - Rome Sentinel](https://news.google.com/rss/articles/CBMi5AFBVV95cUxNUFRoeEVDMjk0dGJEdXhhV3lUTGdsYlV2eXZQT3hZRmhYdmQ3MUhXTXQzZEVoYmN1ZFp6VzFXMTg1MW1lTHNSQlBOaUJQMHZrNkJiVFNHQ1J4ZDVqbkIySXhLMVZQT1FZSEdneWlSbmRYSnUza2VIUUxhZVlJN0pJVVpGQzhHbHRvdG1yM3p5UVUxbXNZRDlLcmIxbHk1ZVk4UU5HNU1jcU5DQU1RYTJaT2VpUmpzc0JLbGZVSm53RU01ODAxcjVpTGlxMWExQ2VyZWNqQmhYYjFqRHMwNXNzNUZORXM?oc=5) · Rome Sentinel
- 2023-08-07 [Debit Card Scam Reported at First Source - wktv.com](https://news.google.com/rss/articles/CBMivwFBVV95cUxQcmQzMzJ0VmtjTGpxcFE2MU9nYnVXRkstbUd2aHVwZWJPV1VLUjdOdm42SjEwaVJHVS04Nlh1Mmx0WjlDdFdzM3lIM1NoOWg4YmQxallUaDY3bnJROFZhTXNzblNab0NQZVdWNjdrMVVuaVVWdnFjS3VGMDdpQ1FrdGdqV0V6MmpiMXEyeVI4QjZMcWtMZmRsWU5BR3VBNmN6bktUVU1ISXZxaDR3VU4yNmo2T0dQZFBra2EzUGtrQQ?oc=5) · wktv.com
- 2012-04-09 [First Source Federal Credit Union In Herkimer Robbed - WIBX 950](https://news.google.com/rss/articles/CBMifkFVX3lxTE9rU01wZm8xeG94YU5iYnRwcU9iMnF4aXFFdTByYlVsd1hIMW5ySjdRQ2YwOXpBXzZkVFR0cXhycENFMEstVWZfSmd4ZmFVQ3hnNnU5aVp2bUlwRWdwcU1kWnBaT2dTcWNCeE5jTDd1dFBQOWJ5eVFGdWNsWFpuQQ?oc=5) · WIBX 950
- 2023-10-04 [2 Scholarship Opportunities from First Source—For Students and Teachers - wktv.com](https://news.google.com/rss/articles/CBMi7gFBVV95cUxNTVNtNXlVcFlzZUdJSzI0VE5QRmFDdDJTTklxVjZSNzlnaVpzdFI2cUk1eWlXZ1MtbjFuZjNxbzJPbVJ1dzZWRlM0MmFoM1VUemF4Z0wwWG1TWGdqMEhXVmRiRm1RTmVhZjRjVUVhV3pMUXZ6MjYwbnBaeEp0QkVpcl9TODVVYVZfcVUyUXZUQURUZnBqaU5aMVc2eXlnQXR3Ymw4aWNKOFFBOG1DR2lsTklRVVQ3VmowWnBjS2swc0Vod0xtT0ttSjMzR0pmUWlhZkR6RHVLN0w4clRXTjdtVXRqVlN0MEJ3LUF4Wmh3?oc=5) · wktv.com

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=2658 (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/34.json (key "2658", 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=2658
- 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