# FIRST HARVEST
DEPTFORD, NJ · NCUA charter 3951 · asset band $200-500M · latest filing 2026-03 · live
Share link (named URL with a preview card): https://getbookiq.com/cu/first-harvest-3951

Who the members are: federal charter, multiple common bond, organized 1940, low-income designated. 50,216 members of 1,749,605 potential (2.9% of the field); checking penetration 56% (share draft accounts per 100 members); loans per 100 members 23.

**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 | $472.6M |
| Members | 50,216 (7.7% YoY) |
| Full-time staff | 113 |
| Net worth | $38.0M |
| Net worth ratio | 8.0% (p3 of band) |
| ROA (annualized) | 0.08% (p10 of band) |
| Total delinquency | 0.66% (p56 of band) |
| Net charge-offs (annualized) | 0.50% (p62 of band) |
| Loans / shares | 80% (p64 of band) |
| Cash / assets | 2.7% |
| Borrowings / assets | 0.00% |
| Net interest margin | 3.56% (p51 of band) |
| Operating expense / assets | 4.77% (p90 of band) |
| Vehicles % of loans | 37% (p58 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 71% |
| Third-party paper % of net worth | 233% (p85 of band) |
| Vehicle delinquency | 0.63% (p55 of band) |
| Vehicle NCO | 1.33% (p81 of band) |
| Repossessed % of vehicle book | 0.02% (p56 of band) |
| Real estate % of loans | 52% |
| Credit cards % of loans | 0% |
| Unsecured % of loans | 7% |
| Commercial % of net worth | 18% |
| Core shares % of member funds | 74% |
| Certificates % of member funds | 14% |
| Average share balance | $4,711 |
| Participations bought / yr | $0 |
| Participations sold / yr | $50.5M |
| Participations outstanding | $75.3M |
| Loans outstanding per 100 members | 23% |
| Loans granted per 100 members, annualized | 11% |
| Average loan balance | $29,232 |
| Loans granted, annualized | $191.4M |

## Participation posture (from the same filings)

Bought $0 and sold $50.5M in the latest annualized quarter; $75.3M outstanding purchased (198.2% of net worth), $6.7M sold and retained. Sold in 4 and bought in 4 of the last 8 quarters. Shares 7.7% year over year.

## Flags firing in the latest filing

- **thin capital** (`cap_low`)
- **net worth falling** (`cap_falling`)
- **3rd-party paper>100% NW** (`str_thirdparty`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 3 | delinquency 2x band, charge-offs p90, repo signal |  |
| 2016-06 | 2 |  | repo signal |
| 2016-09 | 1 |  | delinquency 2x band |
| 2016-12 | 3 | delinquency 2x band, repo signal |  |
| 2017-03 | 4 | thin capital |  |
| 2017-06 | 2 |  | repo signal, thin capital |
| 2017-09 | 4 | expense trap, delinquency rising |  |
| 2017-12 | 3 |  | delinquency rising |
| 2018-03 | 4 | net worth falling |  |
| 2018-06 | 4 |  |  |
| 2018-09 | 3 |  | net worth falling |
| 2018-12 | 4 | leaning on borrowings |  |
| 2019-03 | 6 | thin capital, net worth falling |  |
| 2019-06 | 2 |  | delinquency 2x band, leaning on borrowings, thin capital, net worth falling |
| 2019-09 | 3 | leaning on borrowings |  |
| 2019-12 | 4 | delinquency 2x band |  |
| 2020-03 | 5 | thin capital, margin squeeze | expense trap |
| 2020-06 | 7 | net worth falling, delinquency rising |  |
| 2020-09 | 6 |  | net worth falling |
| 2020-12 | 6 | repo signal | delinquency rising |
| 2021-03 | 6 | net worth falling, expense trap | charge-offs p90, repo signal |
| 2021-06 | 5 |  | expense trap |
| 2021-09 | 4 | expense trap | margin squeeze, net worth falling |
| 2021-12 | 3 |  | expense trap |
| 2022-03 | 4 | repo signal, 3rd-party paper>100% NW | leaning on borrowings |
| 2022-06 | 6 | members leaving, leaning on borrowings |  |
| 2022-09 | 7 | charge-offs p90 |  |
| 2022-12 | 8 | assets shrinking |  |
| 2023-03 | 7 | losing money, expense trap | repo signal, charge-offs p90, assets shrinking |
| 2023-06 | 7 | assets shrinking | 3rd-party paper>100% NW |
| 2023-09 | 6 |  | members leaving |
| 2023-12 | 6 | net worth falling | delinquency 2x band |
| 2024-03 | 5 |  | expense trap |
| 2024-06 | 3 |  | assets shrinking, net worth falling |
| 2024-09 | 4 | expense trap |  |
| 2024-12 | 4 | assets shrinking | leaning on borrowings |
| 2025-03 | 3 |  | expense trap |
| 2025-06 | 2 | expense trap | losing money, assets shrinking |
| 2025-09 | 2 |  |  |
| 2025-12 | 4 | net worth falling, 3rd-party paper>100% NW |  |
| 2026-03 | 3 |  | expense trap |

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

- 2026-07-30 [First Harvest Credit Union hosts 26 students from Camden Future Bankers Camp 2026 - CUInsight](https://news.google.com/rss/articles/CBMivwFBVV95cUxPLXU1aU0tWkJWTl8wTGM2NDVUZWR1N0VDOGNfMFg1Y2NoSlktMURYV3FYRHBXQ3Bham5xOEZ2SUc3LTZ6MTJUNUdGaU1kdHVuWS00LUtTVDF2dUt5blRSa1NJWWVDeVRIalBKRG9mWUZRTDl0X1F3cll5c2R5UWMxY3B0V21QZkNsblNjN3o2S29LaWFDbXdhSjRQWlYxNEx3c0xJTndvcnFwY0pPbUp2SmpyYVppRUdfYThYX0ZTYw?oc=5) · CUInsight
- 2026-06-18 [18 credit unions in N.J. unite for annual food cooperative to help address hunger - ROI-NJ](https://news.google.com/rss/articles/CBMiwAFBVV95cUxNYmtFejJjOW9WZ2d2d2tEVkNQU0U5ajdMcXJZdkhiV1REdHgzSVkwUE9KLWZBd3VCQWtVSjR0Q1J6cDZobVdlekRoSThYamFwTXlNc3pxTS1vRUZDcmtCYjFNd05lZ0ktSWhuelUzMHJFTG5sZ1I5ay1yT0ZLdGZMMklfcGpRc2VvSzludzlvbXVGaHBvVjhzSnA2aUVOTXJJSlV3Y3h3SEphOTd4QUo5a21uMUh5Q1hyNHVaRU1yU2w?oc=5) · ROI-NJ
- 2026-05-07 [First Harvest Data Breach Impacts Consumers' Personal Information - Claim Depot](https://news.google.com/rss/articles/CBMihAFBVV95cUxNZUpNTDZoYlRFUDh4M3ZsSEFqMzI4TTM3aHJMSEtiWXZ3ZzJZX1k2aUJXTkJmNGNUVVRwb1pMdS1vR2F2SFB0ZThaa1pBaU9SdWE0Y2NCMFFOVy0tNDJDdk5oYmx0bThxM3h3SnIzbXJWTExQZnVnVG1mMV9EWkNydHJOZUc?oc=5) · Claim Depot
- 2026-06-15 [18 New Jersey credit unions launch summer food drive to combat hunger - WRNJ Radio](https://news.google.com/rss/articles/CBMilwFBVV95cUxNcm5wYWVxVUVVM21YMkQyM2VJQVc2aXZmQ1AxZ1Zfa2FWLTNhLWJrdHI4emx0OE14VjB6dWpwVkJKNXFpLWU0dnJkM1BLZ3pSMDRHX3UwWnZxbDNsamx2cWs2Q1o1MVlPWDllRnU3OVpVWEZQTG42VHVEcXh0d3B4aDJsS0hTazlBTDB6VktNR24zMWpGSEh3?oc=5) · WRNJ Radio
- 2026-06-29 [First Harvest Credit Union awards $14,500 in total 2026 scholarships - CUInsight](https://news.google.com/rss/articles/CBMiqwFBVV95cUxNS3R2blh4a2lsUkRQZUp4dlhNaVNIYVFPbTg5dUpKZjluNXpiZ3VQZV9wdnJJXzFEd0QxbGxCbzVXcVhYekNlWXRTVzhTRXh2NDB4MHpYZV9EWWRQblhjRWxlUExnXzFnelJGZ3RxY0dUcW1ONTJycER5WnlDUi1pZnA3SU1PNS1PbjJPWlBCS2tEdXVucng5eWRMMURsUTdwbFg4YWxlazVmakU?oc=5) · CUInsight
- 2025-10-23 [First Harvest Credit Union celebrates grand opening of New Camden County location with community & member give backs - CUInsight](https://news.google.com/rss/articles/CBMi6wFBVV95cUxNaVh2aXJEWWtxU1JRQnBaWlJlTHYtNUhoSXBJOGJxdTFUeUN3VW9FSHVISUJESlEzS3JVbmg2SmI1UF9ONFNKWjdjNk9FQ1lSVzNlNXp1anRkaXVfeFVxYWlRem1pdTlDLUtVcFdVd1JjQ1phdWMzd1hVRnlNLThBUVA2SFhxbnVXUGRJNGVMUjF2eXM0Yk9jcXZzOFp6OTRhYWJCZ1hVeDlleFZnbHNPalFOMTlOeUlqWmNyMG9wa01JQVBTMjVGUDBqSVZMTzRYNlJNV0d6a0M4RkYzMkFJY2RwbjlUdEpUSGlB?oc=5) · CUInsight
- 2025-04-10 [First Harvest Credit Union named South Jersey Biz’s Community Impact Award winner - CUInsight](https://news.google.com/rss/articles/CBMivgFBVV95cUxPS0NMQjZ2Q2dneGF0R0R0aDl3V001YjNYWk1fMWhfazV4OGxOZlVYTEYzajNKdW45MGlWY1YyUG5icGt4NmQtMnV0VldLWWd4bUE4eW4xUW5vVHJsUXVDeWp6T21qaEFYUVhndVl2OVJRYkNiQzBZakx5MjFHVU01Y25xYzB4UkViZ1UwR21KNVBrSzlJWm9NcjhfZk9oY2VzVWszVGI5MDVkQThwWXRJTVdVaGRsSGhxbTFLRWZR?oc=5) · CUInsight
- 2023-06-14 [Michael Dinneen named CEO & president of 2nd-largest credit union in N.J. - ROI-NJ](https://news.google.com/rss/articles/CBMiswFBVV95cUxNWDQ4M1l0TUV2X1JFVDRQdUpxRVpoalBxU0tLdGVULWRhSlJLclFqdFphRHdiSlJiVXpmMDRBcDNYUnVHWWtJbG9yZjVpSGFwcG84OU9vQUZHczVMUFQ0VHl2SFBmRDlFRVM1U2FDaFBmZy0wRVRrTmR0S05yd2ZkZWhkS1loU0VESE1wUVBtYWpuT2I4cy15S0JacXExN2F4bGxLM0Rlc2Vlc0FYYUREMWN3TQ?oc=5) · ROI-NJ

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=3951 (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/47.json (key "3951", 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=3951
- 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