# HARVARD UNIVERSITY EMPLOYEES
Cambridge, MA · NCUA charter 67696 · asset band $1-10B · latest filing 2024-03 · stopped filing after 2024-03 (departed; for a credit union that is almost always a merger)
Share link (named URL with a preview card): https://getbookiq.com/cu/harvard-university-employees-67696

Who the members are: state charter, organized 1939, low-income designated. 55,433 members of 250,000 potential (22.2% of the field); checking penetration 59% (share draft accounts per 100 members); loans per 100 members 62.

**Verdict on the desk:** this could be *liquidity-tight*. 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 | $1.23B |
| Members | 55,433 (4.1% YoY) |
| Full-time staff | 136 |
| Net worth | $103.6M |
| Net worth ratio | 8.5% (p9 of band) |
| ROA (annualized) | 0.01% (p10 of band) |
| Total delinquency | 0.72% (p70 of band) |
| Net charge-offs (annualized) | 0.23% (p20 of band) |
| Loans / shares | 129% (p100 of band) |
| Cash / assets | 2.3% |
| Borrowings / assets | 21.36% |
| Net interest margin | 2.36% (p21 of band) |
| Operating expense / assets | 2.71% (p31 of band) |
| Vehicles % of loans | 2% (p1 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 0% |
| Third-party paper % of net worth | 0% (p3 of band) |
| Vehicle delinquency | 0.02% (p1 of band) |
| Vehicle NCO | 0.11% (p5 of band) |
| Repossessed % of vehicle book | 0.00% (p13 of band) |
| Real estate % of loans | 66% |
| Credit cards % of loans | 4% |
| Unsecured % of loans | 6% |
| Commercial % of net worth | 0% |
| Core shares % of member funds | 55% |
| Certificates % of member funds | 29% |
| Average share balance | $7,665 |
| Participations bought / yr | $0 |
| Participations sold / yr | $28.4M |
| Participations outstanding | – |
| Loans outstanding per 100 members | 62% |
| Loans granted per 100 members, annualized | 17% |
| Average loan balance | $31,481 |
| Loans granted, annualized | $282.0M |

## Flags firing in the latest filing

- **thin capital** (`cap_low`)
- **net worth falling** (`cap_falling`)
- **loans>95% of shares** (`str_ltos`)
- **leaning on borrowings** (`str_borrowings`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 1 | thin capital |  |
| 2016-06 | 1 |  |  |
| 2016-09 | 1 |  |  |
| 2016-12 | 2 | loans>95% of shares |  |
| 2017-03 | 3 | leaning on borrowings |  |
| 2017-06 | 3 |  |  |
| 2017-09 | 3 |  |  |
| 2017-12 | 2 |  | thin capital |
| 2018-03 | 3 | delinquency rising |  |
| 2018-06 | 3 |  |  |
| 2018-09 | 4 | thin capital |  |
| 2018-12 | 4 |  |  |
| 2019-03 | 3 |  | delinquency rising |
| 2019-06 | 3 |  |  |
| 2019-09 | 3 |  |  |
| 2019-12 | 3 |  |  |
| 2020-03 | 4 | net worth falling |  |
| 2020-06 | 4 |  |  |
| 2020-09 | 4 |  |  |
| 2020-12 | 5 | members leaving |  |
| 2021-03 | 3 |  | net worth falling, members leaving |
| 2021-06 | 3 |  |  |
| 2021-09 | 3 |  |  |
| 2021-12 | 3 |  |  |
| 2022-03 | 4 | delinquency 2x band |  |
| 2022-06 | 3 |  | delinquency 2x band |
| 2022-09 | 4 | net worth falling |  |
| 2022-12 | 4 | delinquency rising | net worth falling |
| 2023-03 | 3 |  | delinquency rising |
| 2023-06 | 3 |  |  |
| 2023-09 | 3 |  |  |
| 2023-12 | 4 | net worth falling |  |
| 2024-03 | 4 |  |  |

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

- 2022-03-14 [Katie Armstrong selected as HUECU Chief Financial Officer - CUInsight](https://news.google.com/rss/articles/CBMinwFBVV95cUxNbVR1MkxCY1E1LV9JWmJfd3llU1hzYm9nWUxTZURwc09lT1dUNS1LcVBYRnVXdlBlQzdpRk1CREJxUWlfeC1uTkQ1RklzTnc2RDZ4RXNZUk9jakc1VkdmY20zbFJoUFQzRVUtai1ybDdZQ0tfRWowRGx3OGctSTRjc2ZTeGJHX1FuU0llT200YTlEZVMxYmwzcXlETUp4aHc?oc=5) · CUInsight
- 2024-08-07 [Harvard Federal Credit Union looks to grow under new federal charter, rebrand - The Business Journals](https://news.google.com/rss/articles/CBMiiwFBVV95cUxQRkNPcFZPUFZGdmJXYmg3dl9XNWUySk5BdE9qdnlfMjNaWnZRc1N2a1YwOHNKWmVOUGtvVTRxOEl2WDM5QTFXekJyWmRzNEFObFBINm10cHh5dDNmNFFIQ25FWVNEb1NkMU9CMDFzYzVSSWtxX1JkNFc1bTJQOWJrSkJvdkVwd2JnMXRr?oc=5) · The Business Journals
- 2020-08-26 [Harvard credit union executive promoted to CEO - American Banker](https://news.google.com/rss/articles/CBMimwFBVV95cUxPTnNJdTlNYjRUV3dJd1ZLX3hJQ0J1UWk0V3JJMWU2cXlaTmI5eDUwdWdrZXlzRTlrS04wMXkzMXhwTDBNOGlVWHRHNVVuMVBpVW0yYkdURm01SjhNNkktT1hzRldnUHhYTExfUjhhb3NFbkg4b0Q2bzJjejBSeHBkNURJSzB6YTVidGRRektrWlhsT245UXpsVzh2TQ?oc=5) · American Banker
- 2015-09-09 [Summer a Time of Transition for Square Businesses - The Harvard Crimson](https://news.google.com/rss/articles/CBMihwFBVV95cUxPNG9MZmh6enJpZ3Jmc1B4TEdlQ2Q3NURMM3FvY2I5bXpPSFdkMnI0OXFxc2R1R1UzY2FmcjlUWm4xbUwzMDAwc1pUYmNmOEtsWFZxSEJCLWdaZGlIUlJCT0RpQ3lVcUVqRUJUR2J4YXVvZjk2UjRCd2xDYXJkekRLWHVoNVVpanM?oc=5) · The Harvard Crimson
- 2024-06-04 [Robert Ayer Obituary - MA - Lowell Sun](https://news.google.com/rss/articles/CBMiZEFVX3lxTE82VHFmQUczUFN4bXloMDNFYm1INTl1eWpVV0d0bzB3V0hjSFYzaFN1MG1rRHNKalZZZ1prN1NzeXZDbXl0bUxSQm1Vd0dzMUt0SG9ka1dPVGZYVW9iTzEzSWQ2elI?oc=5) · Lowell Sun
- 2025-08-05 [Two Mass. lenders open new branches - The Business Journals](https://news.google.com/rss/articles/CBMingFBVV95cUxQTDdXY1dkMDVRRWZ3MXI2NXRJMmhXUVRQNWRLS2tvZGNvVHk3WmlYTzQ1RUczeEhaTlI4M1JZdUNrTzdNWmdxTlFBZGpkUkp3dl8yV3hKNHdScVhyMjh2QTVJZ0hsQ1daMk1Eb2pEMFJETExjVVJndEI5UVdLUzhLRmhYdlZXVHF2cHlISVU2ZWYwV1RxcFhaTEh3N1h3Zw?oc=5) · The Business Journals
- 2024-01-18 [Cheryl B. Gorman Obituary Jan 18, 2024 - Phaneuf Funeral Homes & Crematorium](https://news.google.com/rss/articles/CBMiUEFVX3lxTFBGR1dvTFY4Wi1LeUk3aUR4bGo1NEFLS2s0QVVHSk10eGItS2JpNlhpbXRmLUdhVTlfT294MzBvcmxpdW9WdkVsNVB0Z2J4YzI4?oc=5) · Phaneuf Funeral Homes & Crematorium
- 2018-03-14 [Robert Gray Obituary - Norwood, MA - Dignity Memorial](https://news.google.com/rss/articles/CBMifkFVX3lxTFBoNkF4TDA2NFZBMVl2cEVOczczRzdDRzFrQ3p4eVdFZTF5ZWVpU1JqcHFhZzQzRFlfNXhNWHo5WUFwY2VNZkc1ZzYwemtVXzU3N2hQb1FkVEI3X3RoWl8xUjBTMEx2TU1FVlJKVkNEVnl6ZHdWZjJhUUZzeGRsQQ?oc=5) · Dignity Memorial

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=67696 (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/48.json (key "67696", 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=67696
- 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