# NORTHEAST
Portsmouth, NH · NCUA charter 68219 · asset band $1-10B · latest filing 2024-06 · stopped filing after 2024-06 (departed; for a credit union that is almost always a merger)
Share link (named URL with a preview card): https://getbookiq.com/cu/northeast-68219

Who the members are: state charter, organized 1936. 166,096 members of 1,100,000 potential (15.1% of the field); checking penetration 50% (share draft accounts per 100 members); loans per 100 members 59.

**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 | $1.98B |
| Members | 166,096 (3.2% YoY) |
| Full-time staff | 398 |
| Net worth | $202.2M |
| Net worth ratio | 10.2% (p44 of band) |
| ROA (annualized) | 0.43% (p37 of band) |
| Total delinquency | 0.29% (p16 of band) |
| Net charge-offs (annualized) | 0.38% (p36 of band) |
| Loans / shares | 99% (p82 of band) |
| Cash / assets | 6.8% |
| Borrowings / assets | 4.62% |
| Net interest margin | 3.70% (p92 of band) |
| Operating expense / assets | 4.09% (p93 of band) |
| Vehicles % of loans | 39% (p72 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 88% |
| Third-party paper % of net worth | 315% (p84 of band) |
| Vehicle delinquency | 0.39% (p30 of band) |
| Vehicle NCO | 0.70% (p43 of band) |
| Repossessed % of vehicle book | 0.01% (p28 of band) |
| Real estate % of loans | 44% |
| Credit cards % of loans | 3% |
| Unsecured % of loans | 7% |
| Commercial % of net worth | 30% |
| Core shares % of member funds | 59% |
| Certificates % of member funds | 24% |
| Average share balance | $5,885 |
| Participations bought / yr | $43.4M |
| Participations sold / yr | $0 |
| Participations outstanding | – |
| Loans outstanding per 100 members | 59% |
| Loans granted per 100 members, annualized | 12% |
| Average loan balance | $16,782 |
| Loans granted, annualized | $512.4M |

## Flags firing in the latest filing

- **expense trap** (`earn_opex`)
- **delinquency rising** (`aq_dq_rising`)
- **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 | 3 | loans>95% of shares, 3rd-party paper>100% NW, auto monoline |  |
| 2016-06 | 3 |  |  |
| 2016-09 | 3 |  |  |
| 2016-12 | 2 |  | auto monoline |
| 2017-03 | 2 |  |  |
| 2017-06 | 2 |  |  |
| 2017-09 | 2 |  |  |
| 2017-12 | 3 | net worth falling |  |
| 2018-03 | 4 | thin capital |  |
| 2018-06 | 3 | leaning on borrowings | net worth falling, thin capital |
| 2018-09 | 3 |  |  |
| 2018-12 | 3 |  |  |
| 2019-03 | 4 | net worth falling |  |
| 2019-06 | 3 |  | net worth falling |
| 2019-09 | 3 |  |  |
| 2019-12 | 3 |  |  |
| 2020-03 | 3 |  |  |
| 2020-06 | 3 | net worth falling | loans>95% of shares |
| 2020-09 | 3 |  |  |
| 2020-12 | 3 | thin capital | leaning on borrowings |
| 2021-03 | 3 |  |  |
| 2021-06 | 3 |  |  |
| 2021-09 | 2 |  | net worth falling |
| 2021-12 | 2 |  |  |
| 2022-03 | 2 |  |  |
| 2022-06 | 3 | delinquency rising |  |
| 2022-09 | 2 |  | delinquency rising |
| 2022-12 | 2 | assets shrinking | thin capital |
| 2023-03 | 3 | delinquency rising |  |
| 2023-06 | 3 | loans>95% of shares | delinquency rising |
| 2023-09 | 5 | delinquency rising, leaning on borrowings |  |
| 2023-12 | 4 |  | assets shrinking |
| 2024-03 | 4 | expense trap | delinquency rising |
| 2024-06 | 4 | delinquency rising | leaning on borrowings |

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

- 2023-09-07 [Northeast Credit Union looks to move headquarters to Dover from Portsmouth - Foster's Daily Democrat](https://news.google.com/rss/articles/CBMiwwFBVV95cUxQY0R6alBEcjBKZXZVN0I1MDA4SFNRNGZHMXdpOFY0cU1FSzNVQnhIaVVUVVlzN1VEWG12LUtLSFBEYllhb3NJT1NHM1ZLdUo2TW5haTk4ZTQzR3JKM3FzWmNteWlFaGI4M08zYjhfWVYwTFNVdWFNN1h0b01hRkl6T0pVbzluYzM0WkRURlRzcmxaTVlvUV8ydS14S0N3VUF5NUVvbjk2OXlVRGp5UmxFMEVseXR0MzJRN09YZDhLYmhHTG8?oc=5) · Foster's Daily Democrat
- 2024-05-23 [Maine to get another ‘lighthouse’ this summer - mainebiz.biz](https://news.google.com/rss/articles/CBMifkFVX3lxTE5pMXN2QVJNdnZPaW1TWmszYmVuWk1vYnlmb2dJdFdWVFU3OXo3dmFNTGdRajUyWHBtRko1dzRldXk2UElhblY1aEdZWDBmVkRzTEhvYnpQMnJMSkhRR2k4d2t6UHROZExJOGJrMnFGRVdtNWZ1VzJXM1FSWXJZUQ?oc=5) · mainebiz.biz
- 2021-03-22 [Northeast Credit Union CEO to retire this summer - American Banker](https://news.google.com/rss/articles/CBMingFBVV95cUxQQjd5blhkczVGWEwyV0syU3JudHJac24wN3JtM3JUUWZfQTNCT2dHaGt2VU1rRGtBWjZIQ05LaHVrV1VKQ0ZfV3VTdndLc0ZVMEVXZ1JwYnhVTjJjZzNHME1QM3AwR3pjNkV0cUZqTm5tbHp1M3pDbEIxc0lNN2F6VEd2ZVBYTE5LaF9ZLXZSY29ZZGZXQmRNYTU2UU9YZw?oc=5) · American Banker
- 2016-07-29 [Northeast Credit Union, Ocean Communities announce merger - nhbr.com](https://news.google.com/rss/articles/CBMihAFBVV95cUxQTy1rWXBZTTBRTjFvdUlfbWZMVTRoSmI5S3ZYSkdoaDlHMHdhTExHMFN0OW1NdjFGcnhGVG9ucGVacjFrYlYyNXpCazNVV2RhYWg1bDFaSjZkNTk1S1N0ZGdvT2wxOWZfS0NRdDlyUUdhNUNxaGhscVpENmY1NXJHcG95cDk?oc=5) · nhbr.com
- 2024-05-22 [Northeast Credit Union to become Lighthouse Credit Union - conwaydailysun.com](https://news.google.com/rss/articles/CBMi9gFBVV95cUxNenRwTldmenMyd1NWTGp2Rm5ycnE1cWQ3WGdPWkJwNGVGWXB5LXpBVXBrMXBGYjh2cW54eFhmWllfVURhajJweFQzbndzU09ScUNnM3p1M1o0cWtCRHIyQWRZMzNyMnRUNmtlQ2JTUFdPMUhYQ0tPYTM4YmtzSlNocm9nX01ycndCd0dqLWd6VzBHSWZTWkVhRFRrOGpTYUxjZmZVSk1FZHh6ZGR4LVlmOEhzMkxZaW9tWW5MM3I1NFRkdHB3bFdnNlc5N0tzYjNyMDZrUkN3b2NTWFJiYzF4UHNTZElZNFBtNk5YSW5VN2RIVUpNY2c?oc=5) · conwaydailysun.com
- 2024-05-10 [Northeast Credit Union's Portsmouth home on market. Here's what could come next. - Seacoastonline.com](https://news.google.com/rss/articles/CBMiwwFBVV95cUxPUFZUa1ZlNjdlMl9wWk5XNWNjcWxUVkl0MDlkeTc1eXVKMHhhdGVhOWJBN284aEZzLVI5LVR4Z1VMcm9qQ2hvX1V6WjBDQ3BSTVZoVlVTLTZuNTFoM1VKUlY3THhEeHR0R3BuMWZVbUZWNUcwTFFmdFk5MDRqQlVrMmNXVS1XVDlPWnVJMUFQeHdvRjkzUnNKd21lTEFvSk4yRHo4MGZtNzJMQl9jZnhibGxRal9CcnBPQTdXbERPekdySEU?oc=5) · Seacoastonline.com
- 2026-08-06 [Lighthouse Credit Union Included on the Forbes list of America’s Best-In-State Credit Unions 2026 Ranking - Business Wire](https://news.google.com/rss/articles/CBMi8wFBVV95cUxOTXIyVzNMSTlPWmJsSDVSSG9aZkVjWENSR00wZnRFa0dWaGhDUWYwMG80bnhMOFF4V2dfXzJ3eEFNUW9yY0pqTFRWallKdEg3di1zN2xMZ09lM3hDQ2hJQ1c0cEEzbEpJUXRWdWRkYk1Dc19wV2lRemR6OWpkSUprZHZFa2ZMOTVLbmR0Vi1Vd1FDYVlYY2x3WGpPZllPSFVFQTJfbVl1emFlMXl3d2FWTUc4eV9VNTRnS0wzdFM2RDJROEpteE5IV1NaZDExOW9xNnJTcjhXY3RMai1qWDlvRW0wTzhIbmNBbXUyQWtNMVVmWGM?oc=5) · Business Wire
- 2024-05-15 [Northeast Credit Union rebranding, becoming Lighthouse Credit Union - UnionLeader.com](https://news.google.com/rss/articles/CBMi7wFBVV95cUxQOFNFaTBIUEwzRXpfbk1YMEI5OVlQNjc5aFlxbzRWMmF1WnVyekIyZHR6WFlEU0VFT2hsZWtDVVRmVU9DcjFTOTVJT1JsdDAzeWNMc3FfVVQ3aUJzXzl2ZWFsN19rTEdXVU1xSW9TaDB5U0l1NnBjWHBvOGhVdnBiTUIzd1JDRVlnc3JIZDNob0diSV8tNHdxYU9MVDZBTVlnQ3hQNENGMzZtUk5EYzhubXcxOVJEcjNOUW1YWjdoenJkX09UUF8yNzBpOVBLQkdGcS12U3d1c2dsOVVOajRUX3pfTWxpbk9xQy1SUl9vVQ?oc=5) · UnionLeader.com

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=68219 (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/59.json (key "68219", 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=68219
- 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