# FIRST JERSEY
WAYNE, NJ · NCUA charter 62750 · asset band $50-100M · latest filing 2017-12 · stopped filing after 2017-12 (departed; for a credit union that is almost always a merger)
Share link (named URL with a preview card): https://getbookiq.com/cu/first-jersey-62750

Who the members are: state charter, organized 1929. 9,045 members of 500,000 potential (1.8% of the field); checking penetration 32% (share draft accounts per 100 members); loans per 100 members 74.

**Verdict on the desk:** this could be *stressed*. Composite score 10 of 18 (one point per flag across 17 flags, capital below 7% counted twice).

## What the filing shows

| Measure | Value |
|---|---|
| Total assets | $85.8M |
| Members | 9,045 (-15.6% YoY) |
| Full-time staff | 16 |
| Net worth | $0 |
| Net worth ratio | 0.0% (p0 of band) |
| ROA (annualized) | -10.39% (p0 of band) |
| Total delinquency | 5.83% (p99 of band) |
| Net charge-offs (annualized) | 4.16% (p100 of band) |
| Loans / shares | 69% (p56 of band) |
| Cash / assets | 5.1% |
| Borrowings / assets | 0.00% |
| Net interest margin | 4.11% (p92 of band) |
| Operating expense / assets | 4.62% (p85 of band) |
| Vehicles % of loans | 26% (p25 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 64% |
| Third-party paper % of net worth | – |
| Vehicle delinquency | 2.31% (p92 of band) |
| Vehicle NCO | 2.83% (p98 of band) |
| Repossessed % of vehicle book | 0.00% (p33 of band) |
| Real estate % of loans | 44% |
| Credit cards % of loans | 3% |
| Unsecured % of loans | 7% |
| Commercial % of net worth | – |
| Core shares % of member funds | 34% |
| Certificates % of member funds | 22% |
| Average share balance | $5,870 |
| Participations bought / yr | $3.1M |
| Participations sold / yr | $0 |
| Participations outstanding | – |
| Loans outstanding per 100 members | 74% |
| Loans granted per 100 members, annualized | 14% |
| Average loan balance | $8,729 |
| Loans granted, annualized | $8.2M |

## Flags firing in the latest filing

- **thin capital** (`cap_low`)
- **capital below 7%** (`cap_critical`)
- **net worth falling** (`cap_falling`)
- **losing money** (`earn_negative`)
- **delinquency 2x band** (`aq_dq_high`)
- **charge-offs p90** (`aq_nco_high`)
- **assets shrinking** (`shrink_assets`)
- **members leaving** (`shrink_members`)
- **loan book shrinking** (`shrink_loans`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 2 | delinquency 2x band, 3rd-party paper>100% NW |  |
| 2016-06 | 2 |  |  |
| 2016-09 | 3 | charge-offs p90 |  |
| 2016-12 | 5 | thin capital, losing money |  |
| 2017-03 | 11 | capital below 7%, net worth falling, assets shrinking, members leaving, loan book shrinking |  |
| 2017-06 | 11 |  |  |
| 2017-09 | 11 |  |  |
| 2017-12 | 10 |  | 3rd-party paper>100% NW |

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

- 2026-09-05 [Numerica Credit Union becomes first jersey patch for Spokane Chiefs - kxly.com](https://news.google.com/rss/articles/CBMi8gFBVV95cUxPSDg2MFRIcDJ2Q2huU3VYMjYxS0dxS0hzVzVvaTNub1hQandJQ3d4RWprWmxiOVRhUVFsTzR1U0p2UFFiM2lZcUgwVDd3cENya25pUEp1MF90WlV5a1YzTFJmcXRSR3JreTVtX2ZnMF8wMDdrT2VhTXRzeWxHQklPZmxHOUE2ckNuaUNrVEV5MnFaYUJNLUJ0ZDEyZ2RkN2pJR1MwQ1RMVENkdHhMTk1TWFYzQjlaUEg2Q2lpZ0Jyb2VLa2RMeDRoWGktTkZOM0J5ZDhqMTdnQ1ZPWkc4N0NuVFVDUjFhVkRvZng5RU5MYmV6UQ?oc=5) · kxly.com
- 2024-07-02 [2012-2024 List Of Failed Credit Unions - Bankrate](https://news.google.com/rss/articles/CBMib0FVX3lxTFBqUTBmbUhvaEh6UXpMOERnZTMzUjU2djBQVUVxMHd4UmZFRF84OWFtelZtZXQ3eTF5ZE5fbE5YVTRIUWd2dDVDWjZxZ3F4d3gwRFhMV2FyT21RWXlTLVVoRTE5Z0R1Ql9iMHVmYndZUQ?oc=5) · Bankrate
- 2026-08-27 [Louisville announces new jersey patch partnership with L&N Federal Credit Union - On3](https://news.google.com/rss/articles/CBMiyAFBVV95cUxQTVZsUGl1NS1jYzFQTFFLQjBZSk1wVzRtOFFWc2NEZzZWNU04bDF5aTc0WlJsYUo5b3RFRDEzYnU2dXBGVjk3aXRnSVY0YkFWWmhCd2lfbmJ2SV96NjJMZG9EZE1fRFA1djBDMWNTQnBBRjBQSnUxdmJKNkFOUHFHcGFvSjJrN085Rk55WlpwV0NDNXJLM3JPMmk1amRjLXlLTjFmNlUxdHFqWlpHakVtTVlyUlpKZFduZmNpMVM5alBBRl91WXJRQw?oc=5) · On3
- 2026-06-18 [MSUFCU Logo to Appear on Uniforms Across Michigan State Athletics - CUTimes](https://news.google.com/rss/articles/CBMiowFBVV95cUxOSkxKWENleVlFQXdWWEJnREZZUjJiRG4yVzJKSmJKVkpiRUVmenVsc1AyZUd5am9uR0RHSHVZSkxCVUU5cUpwR1ZiRE13YkNHdjhiTEgxNU5kVWtxMU1ubDNfcnh5bkhHUnRQcGdHQ2NZN3VRYzh4QmJITjBOb09VckM3U2RJV1NSdVdYM1hnMEdNWmNLTnJTRGt4eXFNWWVfZnRZ?oc=5) · CUTimes
- 2021-11-05 [County’s first Jersey Mike’s Subs planned for Quentin Crossings in North Cornwall - LebTown](https://news.google.com/rss/articles/CBMisAFBVV95cUxPeG5UZW1JcVFxNEJsNWpnQ2ZpNHpyZlpXaF93aXVyeWlqX215c3hNSTRod1NlNEY0NEo3SGdyNXVuVnotWGxxemNOdzc0WmRmcjZfRzd0Q2xBMzBDaHJoOUFZVXMxYWFzd3B0TU5Kd3ExR3BqSmRuUlBiYnBFVVJIYmNnclV0X3U2YzNweUdtSzZaSTcwQkVZUTBtSUtJZ2hMZ0V3QVZXZnBnQzRFM1hoOQ?oc=5) · LebTown
- 2016-12-30 [Lehigh Valley’s first Jersey Mike’s Subs restaurants to open in the new year - The Morning Call](https://news.google.com/rss/articles/CBMirAFBVV95cUxObzg5UWlOMmtBeldoOE41cDZQdkJZNFY3MHJmMDBLYjlpMEhxLU5Ea2JPRHFybmtnZkJzVDltWUdWUXoySzhickhVSVR3c21WMWNNcjNDZFVXdnJpTFJjOFQxT0VHMl9OMzNjVktnTUF1Y3Z5MFBHWXVpbmM4bl9IOVlYRkFrN1QtMzdhQnRHVGo3dnplR05uRkt3WDNHSzQ1WnF2aGszWHhUdGho?oc=5) · The Morning Call
- 2026-08-27 [RAW: NJ: CARS SUBMERGED IN FLOOD WATERS - kxly.com](https://news.google.com/rss/articles/CBMi0AFBVV95cUxNYlN2ZHc0MXNuWnpScVpoS2FsZVd4VnJxenZIdVNLdlpGVG9HYlIwd3doTWdGTkVSUUVXYlYweGdFUHBYcEtXWVVVSy1Kbk5lVzhITTUxRVAwWWtMMFhGcTN4X0RyRjdLQnZiRjRDbnU3VzRuUThPS1U1YTFZMmhFVVBhcXV4bGhnOWdPb1F4N0RHTnRQWHNnZDZOLU9NcjNFbWItMDdPaURXNmtybHRTN3hBcnpBQ3M3dTlSZlNLSU54bG1qVTJZSWtXOXg5R1Bj?oc=5) · kxly.com
- 2026-08-27 [Louisville Football and Volleyball Sign Jersey Patch Sponsorship Deal with L&N Federal Credit Union - 247Sports](https://news.google.com/rss/articles/CBMi1gFBVV95cUxONGVuVXpJR25mbnBMamFnUjg0VXd4eVdORk90VTgtSGxZZG5nMERqLS1NRWFveDk0LWdDZlRxbXN3SVpZYnlReTVPaFJHOUVCRTFtMW9PSlhGaFd3QVBNaHFwdE5adFk0Yk1vN09ORFVCQkFvLUY0cllGVkFjaG1tbUdjZE5MSE81UDZ6LUd1S2pseGV6RjI5VFp0RUFZSVJtanpLMFZpNWJUcXdTZ2FIU043eFV1RXZiTWphWklpX1pEYklfQk5FUDJSVGRUMnQ1Q3l2RkJB?oc=5) · 247Sports

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=62750 (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/30.json (key "62750", 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=62750
- 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