# HEALTHCARE FINANCIAL
New Haven, CT · NCUA charter 6626 · asset band $50-100M · latest filing 2024-12 · stopped filing after 2024-12 (departed; for a credit union that is almost always a merger)
Share link (named URL with a preview card): https://getbookiq.com/cu/healthcare-financial-6626

Who the members are: federal charter, service (single sponsor), organized 1950, low-income designated, minority depository institution. 9,291 members of 200,000 potential (4.7% of the field); checking penetration 51% (share draft accounts per 100 members); loans per 100 members 36.

**Verdict on the desk:** this could be *participation buyer*. Composite score 2 of 18 (one point per flag across 17 flags, capital below 7% counted twice).

## What the filing shows

| Measure | Value |
|---|---|
| Total assets | $63.4M |
| Members | 9,291 (-2.2% YoY) |
| Full-time staff | 17 |
| Net worth | $8.6M |
| Net worth ratio | 13.6% (p62 of band) |
| ROA (annualized) | 0.18% (p20 of band) |
| Total delinquency | 0.53% (p42 of band) |
| Net charge-offs (annualized) | 0.20% (p35 of band) |
| Loans / shares | 84% (p83 of band) |
| Cash / assets | 4.5% |
| Borrowings / assets | 0.00% |
| Net interest margin | 3.96% (p72 of band) |
| Operating expense / assets | 5.65% (p95 of band) |
| Vehicles % of loans | 32% (p30 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 29% |
| Third-party paper % of net worth | 100% (p81 of band) |
| Vehicle delinquency | 1.48% (p81 of band) |
| Vehicle NCO | 0.38% (p51 of band) |
| Repossessed % of vehicle book | 0.00% (p38 of band) |
| Real estate % of loans | 60% |
| Credit cards % of loans | 2% |
| Unsecured % of loans | 6% |
| Commercial % of net worth | 0% |
| Core shares % of member funds | 87% |
| Certificates % of member funds | 3% |
| Average share balance | $3,342 |
| Participations bought / yr | $0 |
| Participations sold / yr | $0 |
| Participations outstanding | – |
| Loans outstanding per 100 members | 36% |
| Loans granted per 100 members, annualized | 16% |
| Average loan balance | $13,791 |
| Loans granted, annualized | $11.9M |

## Flags firing in the latest filing

- **expense trap** (`earn_opex`)
- **assets shrinking** (`shrink_assets`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 1 | losing money |  |
| 2016-06 | 1 |  |  |
| 2016-09 | 1 |  |  |
| 2016-12 | 0 |  | losing money |
| 2017-03 | 4 | net worth falling, losing money, delinquency 2x band, delinquency rising |  |
| 2017-06 | 2 |  | losing money, delinquency 2x band |
| 2017-09 | 0 |  | net worth falling, delinquency rising |
| 2017-12 | 0 |  |  |
| 2018-03 | 0 |  |  |
| 2018-06 | 0 |  |  |
| 2018-09 | 0 |  |  |
| 2018-12 | 1 | delinquency rising |  |
| 2019-03 | 1 | net worth falling | delinquency rising |
| 2019-06 | 1 |  |  |
| 2019-09 | 0 |  | net worth falling |
| 2019-12 | 0 |  |  |
| 2020-03 | 1 | net worth falling |  |
| 2020-06 | 1 |  |  |
| 2020-09 | 1 | margin squeeze | net worth falling |
| 2020-12 | 1 |  |  |
| 2021-03 | 3 | net worth falling, losing money, expense trap | margin squeeze |
| 2021-06 | 4 | delinquency rising |  |
| 2021-09 | 0 |  | net worth falling, losing money, expense trap, delinquency rising |
| 2021-12 | 1 | expense trap |  |
| 2022-03 | 2 | delinquency rising, 3rd-party paper>100% NW | expense trap |
| 2022-06 | 2 | expense trap | delinquency rising |
| 2022-09 | 2 | delinquency rising | expense trap |
| 2022-12 | 5 | expense trap, assets shrinking, members leaving |  |
| 2023-03 | 4 |  | members leaving |
| 2023-06 | 3 |  | delinquency rising |
| 2023-09 | 3 |  |  |
| 2023-12 | 3 | margin squeeze | expense trap |
| 2024-03 | 2 |  | margin squeeze |
| 2024-06 | 3 | expense trap |  |
| 2024-09 | 3 |  |  |
| 2024-12 | 2 |  | 3rd-party paper>100% NW |

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

- 2025-08-08 [CT credit union gets approval to change name - Hartford Business Journal](https://news.google.com/rss/articles/CBMiigFBVV95cUxNUmE2b3poa1VhU3oxMm50XzZvX0RmTzhmcU5ta3BNQm1GU3oxZUE4MEZveEVrd045YV9SQmN6UDZFanRSOWl6V3A4bGQxZDd2cWlqeHVjQ28xNHV2WjN6bXlrWkxueHZDTDctaXdMTE91SU0wdnJWVHIxTFJxeWhJRFRmd25mRXJjNHc?oc=5) · Hartford Business Journal
- 2026-08-18 [Suburban Chicago Office Complex On Sale - bisnow.com](https://news.google.com/rss/articles/CBMinwFBVV95cUxOMHNUZDI2eS1xa3VpcldzejhJMGVuVTJMMmFvdWxoeVd3c2RKVW1ua2x2X1EzQVpLSmUzd1B0QnVVY1pyMWVDQS1DczREMlpabHIxbVpiNWl2Q3NRNUNQT3M5by1DSkk0cnZjSTlhTTN5cGY5TFllT3puWEdadXZYS2RDZnZ6OG1sZnNvODBhN1NMTzNNa0gtSDF2N2Z5bUU?oc=5) · bisnow.com
- 2025-04-25 [Robert Tyrrel Coffey Obituary April 25, 2025 - Harper Funeral Home](https://news.google.com/rss/articles/CBMia0FVX3lxTFBCMXBsd0kwX0RYT3RTamtsUS1zTTBObVBEZTVfVU1YRGgwZmNKZm9QY3YycGpSXzI2b3RyWktrLXVLLVZ2a21RX3pTZ0xxTk1SZXZMU2hJODg0UklwaV9oa0Q5aWo2N25UU3VR?oc=5) · Harper Funeral Home
- 2008-01-14 [New Start For Haven Healthcare? - Hartford Business Journal](https://news.google.com/rss/articles/CBMid0FVX3lxTE1VbmtiVS1CekoyVndwVVozdmVYajVKcUdxQUdSdTdRVDBwd0hSRy1CSGtHV3U5TjdzaFRYdXZIbjZIVlhFTlUybHdRb0hmR2hWcTg1b2hRTjN0YmVzSV93Sk1DM0RkZmtKdERLQTEwY09iOUpmcXhJ?oc=5) · Hartford Business Journal

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=6626 (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 "6626", 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=6626
- 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