# PALISADES
Pearl River, NY · NCUA charter 4480 · asset band $200-500M · latest filing 2026-03 · live
Share link (named URL with a preview card): https://getbookiq.com/cu/palisades-4480

Who the members are: federal charter, community charter, organized 1941. 12,265 members of 1,334,423 potential (0.9% of the field); checking penetration 44% (share draft accounts per 100 members); loans per 100 members 53.

**Verdict on the desk:** this could be *indirect buyer*. Composite score 4 of 18 (one point per flag across 17 flags, capital below 7% counted twice).

## What the filing shows

| Measure | Value |
|---|---|
| Total assets | $207.0M |
| Members | 12,265 (-9.0% YoY) |
| Full-time staff | 34 |
| Net worth | $19.1M |
| Net worth ratio | 9.2% (p18 of band) |
| ROA (annualized) | -0.12% (p5 of band) |
| Total delinquency | 0.87% (p72 of band) |
| Net charge-offs (annualized) | 0.47% (p60 of band) |
| Loans / shares | 88% (p85 of band) |
| Cash / assets | 8.2% |
| Borrowings / assets | 2.42% |
| Net interest margin | 3.80% (p67 of band) |
| Operating expense / assets | 4.00% (p64 of band) |
| Vehicles % of loans | 23% (p27 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 54% |
| Third-party paper % of net worth | 107% (p60 of band) |
| Vehicle delinquency | 0.90% (p71 of band) |
| Vehicle NCO | 0.00% (p4 of band) |
| Repossessed % of vehicle book | 0.03% (p56 of band) |
| Real estate % of loans | 55% |
| Credit cards % of loans | 2% |
| Unsecured % of loans | 18% |
| Commercial % of net worth | 26% |
| Core shares % of member funds | 62% |
| Certificates % of member funds | 31% |
| Average share balance | $9,534 |
| Participations bought / yr | $763,232 |
| Participations sold / yr | $0 |
| Participations outstanding | $14.3M |
| Loans outstanding per 100 members | 53% |
| Loans granted per 100 members, annualized | 10% |
| Average loan balance | $25,003 |
| Loans granted, annualized | $39.0M |

## Participation posture (from the same filings)

Bought $763,232 and sold $0 in the latest annualized quarter; $14.3M outstanding purchased (75.2% of net worth), $56,723 sold and retained. Sold in 1 and bought in 8 of the last 8 quarters. Shares -2.0% year over year.

## Flags firing in the latest filing

- **net worth falling** (`cap_falling`)
- **losing money** (`earn_negative`)
- **members leaving** (`shrink_members`)
- **3rd-party paper>100% NW** (`str_thirdparty`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 1 | losing money |  |
| 2016-06 | 1 |  |  |
| 2016-09 | 3 | net worth falling, leaning on borrowings |  |
| 2016-12 | 2 |  | losing money |
| 2017-03 | 4 | losing money, members leaving |  |
| 2017-06 | 3 |  | net worth falling |
| 2017-09 | 2 |  | losing money |
| 2017-12 | 1 |  | members leaving |
| 2018-03 | 2 | assets shrinking |  |
| 2018-06 | 4 | losing money, delinquency rising |  |
| 2018-09 | 3 |  | delinquency rising |
| 2018-12 | 4 | delinquency 2x band, delinquency rising | assets shrinking |
| 2019-03 | 3 | net worth falling | losing money, delinquency rising |
| 2019-06 | 1 |  | delinquency 2x band, net worth falling |
| 2019-09 | 2 | delinquency rising |  |
| 2019-12 | 3 | delinquency 2x band |  |
| 2020-03 | 6 | losing money, margin squeeze, assets shrinking |  |
| 2020-06 | 6 | net worth falling | assets shrinking |
| 2020-09 | 7 | charge-offs p90 |  |
| 2020-12 | 9 | thin capital, members leaving, loan book shrinking | delinquency rising |
| 2021-03 | 6 |  | margin squeeze, charge-offs p90, loan book shrinking |
| 2021-06 | 3 |  | losing money, net worth falling, members leaving |
| 2021-09 | 2 |  | thin capital |
| 2021-12 | 1 |  | delinquency 2x band |
| 2022-03 | 3 | net worth falling, delinquency 2x band |  |
| 2022-06 | 1 |  | net worth falling, delinquency 2x band |
| 2022-09 | 4 | delinquency 2x band, loans>95% of shares, 3rd-party paper>100% NW |  |
| 2022-12 | 3 | thin capital | delinquency 2x band, loans>95% of shares |
| 2023-03 | 1 |  | leaning on borrowings, thin capital |
| 2023-06 | 2 | members leaving |  |
| 2023-09 | 2 |  |  |
| 2023-12 | 3 | leaning on borrowings |  |
| 2024-03 | 5 | net worth falling, losing money, margin squeeze | leaning on borrowings |
| 2024-06 | 2 |  | members leaving, net worth falling, margin squeeze |
| 2024-09 | 1 |  | losing money |
| 2024-12 | 1 |  |  |
| 2025-03 | 1 | losing money | 3rd-party paper>100% NW |
| 2025-06 | 2 | 3rd-party paper>100% NW |  |
| 2025-09 | 2 |  |  |
| 2025-12 | 2 |  |  |
| 2026-03 | 4 | net worth falling, members leaving |  |

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

- 2021-04-28 [Army-Navy Baseball Series Shifted to Palisades Credit Union Park in New York - Naval Academy Athletics](https://news.google.com/rss/articles/CBMitAFBVV95cUxONmU5ZzVjSEJ1S1NPWk1kZjB1Ykl0LUI0ZkZGRm10Z0xsclI3TXFTU1RKc2thZkRPeU5ITEZVTnV5T21CRkVDVUs0Y0ZEcThvQlhjdVl1MnJsRGg4SWx4N002MHJ3ZVBLYXNWcmZaVGFWaXFWaFpHd0R0cEFodDlLSTNUZlQxLUxoeVBzSlduQXJLSHhUV2VnNEQ1WHh4YTZJSldwSXVSWEFRWkNlZUpJcXA0bkg?oc=5) · Naval Academy Athletics
- 2022-01-25 [New York Boulders' home ballpark renamed Clover Stadium in partnership with Fiserv Inc - Lohud](https://news.google.com/rss/articles/CBMi6AFBVV95cUxQMnZSY1o4R19NV2lLck90N1hEcXZfWHVHVzluYjcxUVJVMTVXTmM4b3pIZkVFa2tsOTNNYWtCVHdFcDBmc1BobmtaeXJsUWFOc2lGVWpueGNJN2hhVXdMVFhNRWhyNVpsLWp5d1YtdHRGYXFXbm1qRUZkUlcxVXRkbHh4cmljUmNlM3k1MkEyaHhXWGh3Vmxib0JmNXAxQzJDU2xkb0pyWEhPQWpIdjVDV3pJMEdYTGxHMkIzSkxQNFMwN2U0Z2dObnJWSmoxRjNGT3lrdjIyeFZDUk1NVmhQX0lJMG9WdzVi?oc=5) · Lohud
- 2021-04-03 [Spring Valley fire: Hundreds bid final farewell to fallen New York firefighter Jared Lloyd - ABC7 New York](https://news.google.com/rss/articles/CBMikwFBVV95cUxPcF9hTUR2Q0ZqaDFKWThBa2ZKMnR3QS1HYW9SRHJmQ08tSm1VNmpqbUd6MUlxNmxpMm1LSUp6M2pqNW9RcTF2YkZGY3lFbFlXZ0NKR193ZnA0TmR3R0YtQnlpcGprS3UxekhsRXFqRm9EYXM3bV84azBtUE5RaDV0aUNDUkVQd1QzYWR6cklEV0FTOEHSAZgBQVVfeXFMTzg0S2g3TzRhZWxqX2Y0b00yVmFsX2lrVDRITWRibDVOUDM4YmVhTTNabk5DbUE2U0V4bXV1VkZ2OWNrZUpobW1NQ1VoQ21QdXQxQUh0cFl6TGFuYjE5SEVjMzlnRUFKQ0Y1UGpMMGZuUkZfZjBYeVpkRDNYZHM3S2Z6UVZ6YjlqTmZxVUtzbTdmckpMMldrdFg?oc=5) · ABC7 New York
- 2026-03-28 [FUNERAL DATE/TIME ANNOUNCED FOR FALLEN FIREFIGHTER JARED LLOYD, SPRING VALLEY, ROCKLAND COUNTY, NEW YORK - Firefighter Close Calls](https://news.google.com/rss/articles/CBMi1wFBVV95cUxQc0lOeEt2MXVCd0pnS2dqS1BuMWdiZS02X09YVXNkLTUtTF9xbmtCRXIwWjJnRVNqaUwxVHBQQlJoZjhuekNVRmJnZGFVSU9MaUotZkhucE40WVBUTEtCUE5MV2RGaGhwZjBST1VMX3hramg5ZC1TUjdkRDVhbFhJbjhRT29aVHZReC1held5bHBWTWNXTDJaTGhoODB2cnpzM3hULTZUM0s2NmFQR2NCN3g5a0Zva0RRdUl5a0hyZjNtcVU2ZTRVWlFqTHdUYjl3MGhzU1hNQQ?oc=5) · Firefighter Close Calls
- 2021-08-18 [NJ Jackals Sweep Twinbill Away From NY Boulders - Hudson Valley Press](https://news.google.com/rss/articles/CBMikwFBVV95cUxQUlIxWDVjZFc1NjFielBMWTYwTzNQc2FNZXcxTkpicmJBWnJYUVAwVDRJaVhHallKeFZQbVVSWDhuLTkzZTJwckZoY2NRZkJ1dHpacW84NnF3WVVsUWhIN2ZGM0pvdmFsdUtoXzB1RHJBa3I5ZURsY3BfaVFEVU9kNWN4R0lXeDc4SnAxQnBBOS1SRDQ?oc=5) · Hudson Valley Press
- 2022-01-25 [New for 2022: Clover Stadium - Ballpark Digest](https://news.google.com/rss/articles/CBMidEFVX3lxTE5ON1ZEYjh2WUlBcHp5QkVvVFNLeGc5dk5hcUZMUXhLdWFPRS01V3BONzFMMFRza3F0VkNtczE4NjFMVmdiTWNKYURIV2E4eDNTOXpnanlZR2F2RFJwNG96YUFpcnI5ckJld2wzMUJiZE1lUGRZ?oc=5) · Ballpark Digest
- 2019-04-10 [TOWN OF RAMAPO ANNOUNCES ADDITION OF NEW NURSING ROOM AT PALISADES CREDIT UNION PARK - Rockland County Times Newspaper](https://news.google.com/rss/articles/CBMivwFBVV95cUxOT2Z4OVdJMVlwaGl3X190TVZUZTJ6TkVPa1VQRlBUNi1fUFVtazdyNWpMbDgwazV5TW55dzg1Vm9peVRNa3lMRnFkVkwzSmU5aU1kMVM3M1F4QVJicUk1bmhPMTFjb0ZpMDF1LV9mbFJpLThuNE1uOG1ORjZLd0xXVFV2VVF0T0NuRFdodUVYdWYxVWI2em1sMF9vbFd2aHo5TmNaMVFEZS01Mk1FNW9rTGVmTWxQWnBoYlRfdUFqbw?oc=5) · Rockland County Times Newspaper
- 2016-09-17 [For Independent League Team, a New Stadium, Indictments and a Title Run (Published 2016) - The New York Times](https://news.google.com/rss/articles/CBMioAFBVV95cUxPNWg2X09HZTFjQWd5NWJqNTIyLXAwYV9lUXdldFI0OVdQSjhxeHNMOXV1N0N2cl84Z2lhWDJfVVN3V3U1TEFOVlBMR2Z3LUVDOXpaRzNqcE9EbEV4ZVJ5Y195TFRDZXgyVkpXajNJY2FrTmt1cS1YSG9IeFdhVnR1RUtnRkM5VEtqTF9JZ3MtUWw3eWxiQWI4ZU91TGdRMnpJ?oc=5) · The New York Times

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=4480 (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/0.json (key "4480", 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=4480
- 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.

---
Rendered 2026-09-10 from the desks' own data files. Full guide: https://getbookiq.com/guide