# HERITAGE
DEFOREST, WI · NCUA charter 68385 · asset band $200-500M · latest filing 2021-12 · stopped filing after 2021-12 (departed; for a credit union that is almost always a merger)
Share link (named URL with a preview card): https://getbookiq.com/cu/heritage-68385

Who the members are: state charter, organized 1978. 29,080 members of 4,245,339 potential (0.7% of the field); checking penetration 60% (share draft accounts per 100 members); loans per 100 members 66.

**Verdict on the desk:** this could be *quiet fade*. 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 | $461.3M |
| Members | 29,080 (-3.3% YoY) |
| Full-time staff | 122 |
| Net worth | $51.5M |
| Net worth ratio | 11.2% (p74 of band) |
| ROA (annualized) | 0.78% (p59 of band) |
| Total delinquency | 0.19% (p28 of band) |
| Net charge-offs (annualized) | 0.21% (p70 of band) |
| Loans / shares | 83% (p85 of band) |
| Cash / assets | 6.3% |
| Borrowings / assets | 6.51% |
| Net interest margin | 2.63% (p65 of band) |
| Operating expense / assets | 3.17% (p54 of band) |
| Vehicles % of loans | 31% (p39 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 14% |
| Third-party paper % of net worth | 26% (p41 of band) |
| Vehicle delinquency | 0.51% (p70 of band) |
| Vehicle NCO | 0.46% (p77 of band) |
| Repossessed % of vehicle book | 0.03% (p69 of band) |
| Real estate % of loans | 60% |
| Credit cards % of loans | 2% |
| Unsecured % of loans | 4% |
| Commercial % of net worth | 1% |
| Core shares % of member funds | 61% |
| Certificates % of member funds | 17% |
| Average share balance | $6,495 |
| Participations bought / yr | $0 |
| Participations sold / yr | $0 |
| Participations outstanding | – |
| Loans outstanding per 100 members | 66% |
| Loans granted per 100 members, annualized | 16% |
| Average loan balance | $16,209 |
| Loans granted, annualized | $156.0M |

## Flags firing in the latest filing

- **members leaving** (`shrink_members`)
- **leaning on borrowings** (`str_borrowings`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 0 |  |  |
| 2016-06 | 1 | leaning on borrowings |  |
| 2016-09 | 1 |  |  |
| 2016-12 | 0 |  | leaning on borrowings |
| 2017-03 | 0 |  |  |
| 2017-06 | 0 |  |  |
| 2017-09 | 0 |  |  |
| 2017-12 | 0 |  |  |
| 2018-03 | 1 | net worth falling |  |
| 2018-06 | 0 |  | net worth falling |
| 2018-09 | 0 |  |  |
| 2018-12 | 1 | loans>95% of shares |  |
| 2019-03 | 0 |  | loans>95% of shares |
| 2019-06 | 1 | loans>95% of shares |  |
| 2019-09 | 2 | leaning on borrowings |  |
| 2019-12 | 3 | net worth falling |  |
| 2020-03 | 2 |  | loans>95% of shares |
| 2020-06 | 2 |  |  |
| 2020-09 | 1 |  | net worth falling |
| 2020-12 | 1 |  |  |
| 2021-03 | 1 |  |  |
| 2021-06 | 1 |  |  |
| 2021-09 | 2 | members leaving |  |
| 2021-12 | 2 |  |  |

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

- 2026-09-08 [54 Credit Union Leaders Earn CUDE Designation - cutoday.info](https://news.google.com/rss/articles/CBMiigFBVV95cUxOZVpnbEstUFVkSDRERlRkaWlLX240b3pWSm1DMTN4VW83REFRZzFMU2w5eDcxSGVhRVdnSlk1c3pMcmJtWk5OeUVvb0tLMWVoT3FRNElON1pPM21aZGR0eEI0SWhUY0wtN0lSSDFsSmJBcDQxenBmZFJSbzhNT2tmTFdZTXphWUZtN0E?oc=5) · cutoday.info
- 2026-05-14 [American Heritage Credit Union Auto Loan Review 2026 - WSJ](https://news.google.com/rss/articles/CBMipwFBVV95cUxPdVhNZGVzc1NUOFNJeWJ3YU5HdENPZlpTRlNTb09kOGxseVlxWE1xNWF2U1hya1YwSVk1TEdGQmFkZzFBVEFUZEhObkhFTi1SX2JnaEZibjE0MkpTSkJ6TjlEbUJxR0JONTIzbnprZkFEdVk0OEVFamF2ckx3bk9QaVcwbTFZSlZPdmxXdnRTaEQ3WkhET1RkWTljQWc4NzFSb3ctbko1MA?oc=5) · WSJ
- 2026-07-23 [Heritage Family Credit Union Data Breach Interrupts Services - Claim Depot](https://news.google.com/rss/articles/CBMifEFVX3lxTE5SbTdYUlRwWE9zUERsU2VhTU9HNTJZR2lfd0ZwTFNISnE3OENpNFczdmFOT3J5ZVhjSEZlNEdtNGhZUnp4M3N4UkxxWnlaR1hMV3FuNXpmS1E5MmVzYVZjTDQ4X0RZdlFDOGlvV1l2YXFSbUxMd1p4S0VNRlU?oc=5) · Claim Depot
- 2026-01-08 [American Heritage Credit Union committees recognized by Mastercard - buckscountyherald.com](https://news.google.com/rss/articles/CBMi9wFBVV95cUxPM1FYZUFuQ1dOZFllZWoySDRrWVJVZWMwRFhHSnV6RzY0b09WWlh1U05fZ3U4QW5yQUNyTEJpZUxfSWlpc0d0WEREaUVGbGdlWkNEYnJ0MTN0QnA0VkZaa1plQ1RoNF9rNHZfVGFpdjZITmIzQTQ4dXlqWjk5ZjFvZG96NUpQX0VVMjB1OGFlSDlGMG53Q1M1S0c0M3RTWVMzYmRxbEc2UjhSMXpzRHhjTlV5ZTNQd04yRE41TGZmTzhsemplVEE4Y3pwOVRxRDZRU09rdUJlSXM0NmZvQU9Qb3RHeS14WlhtUDFFNzdjcks2RHh1VFI0?oc=5) · buckscountyherald.com
- 2026-01-16 [Richard C. Maringer - Heritage Funeral Homes Milwaukee, WI](https://news.google.com/rss/articles/CBMibEFVX3lxTE9kYTVvZ2t6WF85Vkg4dVdCZmJxOEJLLVdmSnNnVkY2TjV6QXlOTDlnTTNVY2d3cVFNSk1lVnlsdTkzbmg5Y29hX1JqV0YtU2pCWW5RNXZtamt2ZmxiYkFVLVhmLXhnZFlIQ05qMA?oc=5) · Heritage Funeral Homes Milwaukee, WI
- 2026-06-26 [Milwaukee Brewers unveil pregame hotspot with biergarten, stage and mini-golf - WLUK](https://news.google.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?oc=5) · WLUK
- 2025-11-25 [Heritage Federal Credit Union class action settlement - Top Class Actions](https://news.google.com/rss/articles/CBMixgFBVV95cUxNT2RoVEREdndBSTRSMEt5SHlqLTd3dlp3WFQ0ckEwYUpuRzZmSTFjcEFOOUpIUGRnUjRhNGctcXNIb1BFRjlaOW13NHdoVE1JcWRlTlloM0VxRjBmVlRXYTBPdjNaZm04NmVKb1ZzX2RoOWlXTGtic255a3hHbmpTdHpXS1hwa0JkRkNCNV9HRUZ4TzVGWlJSS0FiX0VZc05GTzRMYVI4dUxvcl9qUFZPMThHcGY4WnFrSTltZWl6UW4ySjZRaVE?oc=5) · Top Class Actions
- 2021-11-05 [Wisconsin credit union merger would create $4.2 billion-asset institution - americanbanker.com](https://news.google.com/rss/articles/CBMivgFBVV95cUxPdjhENGhBMjlTRzF1WjNLZWdLMGlNSjQ4ZnJTLUFPbjBMbGt5ckptOUducUtQd1Q3eVlHM1dGMkJUVUFWNTJNZUpxelF6T2tCang5MXU3Y2twVExhLWdOMmRRQm9oT3ZTMmQyLTE2ckExZ08zQ083Smxjd2RRN3BLaGJLMnV3OXlBcDhsQjJobEdqYzM2SmJycVVSVmNmM1VFUzhIckxOOFYweTBjQXVEZ0o2cUhFU0hNS1JEY0Z3?oc=5) · americanbanker.com

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=68385 (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/33.json (key "68385", 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=68385
- 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