# HUDSON HERITAGE
MIDDLETOWN, NY · NCUA charter 3962 · asset band $200-500M · latest filing 2019-12 · stopped filing after 2019-12 (departed; for a credit union that is almost always a merger)
Share link (named URL with a preview card): https://getbookiq.com/cu/hudson-heritage-3962

Who the members are: federal charter, community charter, organized 1940, low-income designated. 42,383 members of 1,059,000 potential (4.0% of the field); checking penetration 45% (share draft accounts per 100 members); loans per 100 members 63.

**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 | $436.0M |
| Members | 42,383 (4.9% YoY) |
| Full-time staff | 136 |
| Net worth | $38.8M |
| Net worth ratio | 8.9% (p11 of band) |
| ROA (annualized) | 0.08% (p2 of band) |
| Total delinquency | 0.75% (p64 of band) |
| Net charge-offs (annualized) | 0.78% (p85 of band) |
| Loans / shares | 95% (p84 of band) |
| Cash / assets | 9.0% |
| Borrowings / assets | 3.23% |
| Net interest margin | 3.81% (p86 of band) |
| Operating expense / assets | 4.60% (p84 of band) |
| Vehicles % of loans | 50% (p73 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 79% |
| Third-party paper % of net worth | 369% (p91 of band) |
| Vehicle delinquency | 0.65% (p61 of band) |
| Vehicle NCO | 0.86% (p75 of band) |
| Repossessed % of vehicle book | 0.02% (p52 of band) |
| Real estate % of loans | 40% |
| Credit cards % of loans | 3% |
| Unsecured % of loans | 10% |
| Commercial % of net worth | 0% |
| Core shares % of member funds | 53% |
| Certificates % of member funds | 18% |
| Average share balance | $5,574 |
| Participations bought / yr | $0 |
| Participations sold / yr | $4.5M |
| Participations outstanding | – |
| Loans outstanding per 100 members | 63% |
| Loans granted per 100 members, annualized | 155% |
| Average loan balance | $13,505 |
| Loans granted, annualized | $136.4M |

## Flags firing in the latest filing

- **thin capital** (`cap_low`)
- **loans>95% of shares** (`str_ltos`)
- **3rd-party paper>100% NW** (`str_thirdparty`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 1 | 3rd-party paper>100% NW |  |
| 2016-06 | 1 |  |  |
| 2016-09 | 1 |  |  |
| 2016-12 | 1 |  |  |
| 2017-03 | 1 |  |  |
| 2017-06 | 2 | net worth falling |  |
| 2017-09 | 2 | loans>95% of shares | net worth falling |
| 2017-12 | 2 |  |  |
| 2018-03 | 2 | net worth falling | loans>95% of shares |
| 2018-06 | 2 |  |  |
| 2018-09 | 2 | loans>95% of shares | net worth falling |
| 2018-12 | 2 |  |  |
| 2019-03 | 3 | net worth falling |  |
| 2019-06 | 3 | thin capital | loans>95% of shares |
| 2019-09 | 2 | loans>95% of shares | net worth falling, thin capital |
| 2019-12 | 3 | thin capital |  |

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

- 2013-05-22 [Hudson Heritage to buy tiny MPO - Times Herald-Record](https://news.google.com/rss/articles/CBMimwFBVV95cUxPV21XQWwwTjdlUDlCU3NEQmZ6NzRwdHc5eWF2ekxoT2NJYzhpNTZGdnlBSEprNmh0Ym51LVRtUWFTVXpoakpZVW9GUGRObHAwOWxsYU4xR0NBNGlOWW1idjBqLXhvUV92N1BWX1RjeXpPcmwwNnU0ZkdhRW5LOGYyYjc1MS1KNEd0MnBHMjNzMlliZjhkQWJ6OXdxVQ?oc=5) · Times Herald-Record
- 2019-03-20 [Temenos gains new business from Akcelerant-derived user base - FinTech Futures](https://news.google.com/rss/articles/CBMimgFBVV95cUxQUXlweWU3ci16ZlNNUFUybkVRaFUyS0U5SzQ5RUNkQlFsWGppVzBFSFZQOUpHVllSZ0FDNTJmXzJWa0lGeFFyd2N5MHJUNzJXYXJxdy0yZWo1WEFtWExQb19lcEN2QXVCR3RIbXVrRGRmU2dkV0hDRWpSTExXdmo4dC1nUXhxQUFFcDNVVmVMcVBpTjRkcmZES3Fn?oc=5) · FinTech Futures
- 2022-06-01 [Walden Savings Bank Hires Melissa Blough - Hudson Valley Press](https://news.google.com/rss/articles/CBMiigFBVV95cUxPdkQzZ29OamIyMWpVdFZUYm1TT2xGX3BGcDVWWlFFSV9RdUZKWTRhS09lbWJtSXNla3VUVWE0N1pWOXJfSzF2VUtzb2NQS1ctOVRwSmdCV25pSXJqUE9QLTB4dUpXR05zNVI3UWl5aW0yRzgzRWRjbGx0cmhQMGhQMUZqcGZOcS0yWkE?oc=5) · Hudson Valley Press
- 2017-02-21 [Wappingers Falls Man Sentenced to 16 Years in Prison for Bank Robbery - spectrumlocalnews.com](https://news.google.com/rss/articles/CBMi2AFBVV95cUxONnd1bW5hRnRuZl9JNmg2TU9ORU9LMV9zeFhLX3ByZDc4RHBJeUl6b3ptMXpsUzFobjFTS2o1VVkxQl9CWjhpdG10OVJZWThxOE51ZDA4VDNyWXRXWmp1eGQ5T2pMWUducjBXU3dNdHBtejN3NGZPbmlwT3BYM0xlU0tjRWprNUYzOTlHYUdUY3JfRXN0d2dNWmZjM3pfYjhfbko4cHZsTnVud1lpTVY4S3BQeVU2aEpHT1dpQ0RqbUlfenFlUlhtNUpPZE5VZnB2dWNMbHdWU0c?oc=5) · spectrumlocalnews.com
- 2016-01-08 [A Wappingers Falls man was charged after allegedly stealing $220,000 from a Newburgh Bank. - Hudson Valley Post](https://news.google.com/rss/articles/CBMijwFBVV95cUxQNEVwU09pZFAzdXFSdkpRT3pTOXZ4NlM0bGdmRVdmNEN2SExnUlFmVWtBek9EVXF0ekNPMHUyZWs2ZlBzdDhFNXphV01hRnJBekZISjlPZWpfdFRYMTQ4UHd2LXByMjNvelh4OWNLazBGaE04bmxUcjVoTi1mR2ljOGgxYjcwcENjQUF1TDdCVQ?oc=5) · Hudson Valley Post
- 2017-01-01 [Stefanie Jayne Maloney - legacy.com](https://news.google.com/rss/articles/CBMilAFBVV95cUxPS0lQV3hGQ3BEX1dTWU96QVVGSGVOZUZ4bE1iZ2dwcFJWRWcwNXdsSDVzSlRHeTZiT21kSHlWU3ZIakdOY0FueTR1R2I5NkZUT0M3M2JiS25YelJjMi1md3FvN2pjYVQ4b3Z6TXE2dWQzdndWbGJYYnBWRTFQVE5DUS1QSFBhU1ptOWlUb3hEZ210SFZO?oc=5) · legacy.com
- 2017-01-10 [Man pleads guilty to Newburgh bank robbery - Times Herald-Record](https://news.google.com/rss/articles/CBMioAFBVV95cUxPa0lycWc2ZENfX3JLYzBQdWJZbzZkSHUyVmlGcGdxZUM3d2FHSHAwWGtjLWlXVkdheXJLZ05tdWtQcG5xWlFhVXBxV05TSkpEd0pqeHdTR3FMNFJRZlBHTFFKTDB1RFBDandYUTh6bk4yRmJmTnh0dnFJNV8tSW9rVDRMMVJjTWV0bUY5dGJ3Umdfd09fNmF6TXlseDBrOG9y?oc=5) · Times Herald-Record
- 2017-02-05 [Patrick DeLuca Obituary (1944 - 2017) - Newburgh, NY - The Burlington Free Press - legacy.com](https://news.google.com/rss/articles/CBMingFBVV95cUxPdTZvdnJPYkltVzl4OW1LYUhFQU1JaUF2d2N5M3ZNd2pNcWFqdFdCbmRKaXhWUTcxX2VrbG1KR3hfMUE4LURjbmswUk5JUmFkZHdwLTlRb2Y5ZWcxY0VJSG9vQmFJMkhMaG8tc0xKQ3hCeXB3OFhjcGMzSnNXVFNhLXNWSTRlNUJYUTNjUHY0NjdIVmxNN3lSMW03Nk92dw?oc=5) · legacy.com

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=3962 (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/58.json (key "3962", 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=3962
- 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