# PATH
Jersey City, NJ · NCUA charter 8118 · asset band <$50M · latest filing 2026-03 · live
Share link (named URL with a preview card): https://getbookiq.com/cu/path-8118

Who the members are: federal charter, service (single sponsor), organized 1952. 1,443 members of 1,600 potential (90.2% of the field); checking penetration 23% (share draft accounts per 100 members); loans per 100 members 48.

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

## What the filing shows

| Measure | Value |
|---|---|
| Total assets | $14.1M |
| Members | 1,443 (7.2% YoY) |
| Full-time staff | 3 |
| Net worth | $3.8M |
| Net worth ratio | 27.1% (p90 of band) |
| ROA (annualized) | -0.73% (p12 of band) |
| Total delinquency | 2.35% (p82 of band) |
| Net charge-offs (annualized) | 1.70% (p92 of band) |
| Loans / shares | 97% (p95 of band) |
| Cash / assets | 32.8% |
| Borrowings / assets | 0.00% |
| Net interest margin | 4.79% (p82 of band) |
| Operating expense / assets | 5.96% (p89 of band) |
| Vehicles % of loans | 57% (p44 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 0% |
| Third-party paper % of net worth | 0% (p43 of band) |
| Vehicle delinquency | 2.37% (p83 of band) |
| Vehicle NCO | 0.42% (p79 of band) |
| Repossessed % of vehicle book | 0.00% (p46 of band) |
| Real estate % of loans | 10% |
| Credit cards % of loans | 0% |
| Unsecured % of loans | 33% |
| Commercial % of net worth | 0% |
| Core shares % of member funds | 56% |
| Certificates % of member funds | 44% |
| Average share balance | $4,761 |
| Participations bought / yr | $0 |
| Participations sold / yr | $0 |
| Participations outstanding | – |
| Loans outstanding per 100 members | 48% |
| Loans granted per 100 members, annualized | 16% |
| Average loan balance | $13,828 |
| Loans granted, annualized | $3.6M |

## Flags firing in the latest filing

- **net worth falling** (`cap_falling`)
- **losing money** (`earn_negative`)
- **margin squeeze** (`earn_nim_squeeze`)
- **delinquency 2x band** (`aq_dq_high`)
- **delinquency rising** (`aq_dq_rising`)
- **charge-offs p90** (`aq_nco_high`)
- **loans>95% of shares** (`str_ltos`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 0 |  |  |
| 2016-06 | 0 |  |  |
| 2016-09 | 0 |  |  |
| 2016-12 | 0 |  |  |
| 2017-03 | 3 | delinquency 2x band, delinquency rising, charge-offs p90 |  |
| 2017-06 | 2 |  | charge-offs p90 |
| 2017-09 | 2 |  |  |
| 2017-12 | 2 |  |  |
| 2018-03 | 1 |  | delinquency rising |
| 2018-06 | 3 | delinquency rising, loans>95% of shares |  |
| 2018-09 | 5 | net worth falling, charge-offs p90 |  |
| 2018-12 | 4 |  | net worth falling |
| 2019-03 | 2 |  | delinquency rising, charge-offs p90 |
| 2019-06 | 3 | assets shrinking |  |
| 2019-09 | 3 | charge-offs p90 | assets shrinking |
| 2019-12 | 2 |  | charge-offs p90 |
| 2020-03 | 2 |  |  |
| 2020-06 | 1 |  | loans>95% of shares |
| 2020-09 | 4 | net worth falling, delinquency rising, loan book shrinking |  |
| 2020-12 | 6 | margin squeeze, charge-offs p90 |  |
| 2021-03 | 6 | losing money | delinquency rising |
| 2021-06 | 4 |  | net worth falling, loan book shrinking |
| 2021-09 | 4 |  |  |
| 2021-12 | 5 | net worth falling |  |
| 2022-03 | 1 |  | margin squeeze, charge-offs p90, losing money, net worth falling |
| 2022-06 | 2 | charge-offs p90 |  |
| 2022-09 | 2 | members leaving | charge-offs p90 |
| 2022-12 | 2 | charge-offs p90 | members leaving |
| 2023-03 | 3 | net worth falling |  |
| 2023-06 | 2 |  | net worth falling |
| 2023-09 | 3 | losing money |  |
| 2023-12 | 5 | net worth falling, loans>95% of shares, leaning on borrowings | delinquency 2x band |
| 2024-03 | 3 |  | charge-offs p90, leaning on borrowings |
| 2024-06 | 3 |  |  |
| 2024-09 | 4 | delinquency 2x band, delinquency rising | net worth falling |
| 2024-12 | 6 | expense trap, assets shrinking |  |
| 2025-03 | 2 |  | losing money, delinquency 2x band, delinquency rising, assets shrinking |
| 2025-06 | 2 | delinquency rising | expense trap |
| 2025-09 | 2 | delinquency 2x band | delinquency rising |
| 2025-12 | 5 | net worth falling, delinquency rising, charge-offs p90 |  |
| 2026-03 | 7 | losing money, margin squeeze |  |

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

- 2026-09-07 [This Week in Navy Sports Presented by Navy Federal Credit Union - Naval Academy Athletics](https://news.google.com/rss/articles/CBMivgFBVV95cUxONUpWZ05GRGlKZ2F4TWVaWFhLU0Q5dzlKMndiN1JLeDR2VGoxbDB2VGNKR2trVzdWZW5aejUyVGJqUENGaGVlTGZ1cEVwd3ByQTVKa0lwWHJJdnZzbDJGdzgxS1c5LUZjZVZxdlM3NWxCeEJ2MnNodVUxd3RPdXU0Y25KWTY5T2pMdzVVSEJvN0ZsT2pKRHpPZkJaTDJxWkJJb2hWaERKWEx3N3RXUmFJQU1yMlVYQzhDa2otWUxB?oc=5) · Naval Academy Athletics
- 2026-07-06 [AMOCO Federal Credit Union on path to reach $1 billion in assets - galvnews.com](https://news.google.com/rss/articles/CBMi4AFBVV95cUxNRFBTMUhvVm1lYm9wRnNsZTZjZ3FGVnRzeDZCRGtsM1FRXzhUQXBBYXg0M25LNVVVekFPeXpva0FGN2FaaEtuWG96d2NOUUU3TXBtd2VHZi1qMFVJLVZ4VmhiYmVyTXpiTEVjWVoxZGppOVI1VXVzYmcyckJaUTBydmN2OE8yYWtxLTBjeU5XTE5VOTc4S3FMeTdfbEd6cEh0MU9vNFBJak1aazk2dkpBbnk0b1cwV0JDd1JIWHFBdHlHYXcxUWJfRlEyeHltU2plZDVxOUtDQ2R6YXdtZkl5Tw?oc=5) · galvnews.com
- 2026-09-06 [UC TEAMS Expands College Access With Five Advanced Placement Courses - TAPinto](https://news.google.com/rss/articles/CBMi-AFBVV95cUxQQnpJZ1ZxVm1LX3BYRVdqRFRKN2RLbFVsNTNBNEFhTkJGaWFMem5GOG9NM2tfWVdtelp1aUVmOVc1VTg3c0VPeV9ud24xczVXd1ktam5rN2hnQTFHRUdvZ3otX3hKbERLT1FDei1xUFRsRGgtUHpHNTI2dDBwSTdvMG12dS1zU2U1QndrdGVmSUFYM0puMjJxVWRMOC11Wm1lZmh5SXlNclNXZjJKVS1kbFdiVFFmbktpTjBXMFRrdVcyd0t4emdlOGhvd2JzUlBadHpadnJKVmJINkY5emRMSzduMEJZbWxoR1JKMmtGbkRsYjdXbXFKbA?oc=5) · TAPinto
- 2026-07-07 [Robert Wood Johnson University Hospital Somerset Accepting Applications For Healing Homes Transitional Housing Program - RWJBarnabas Health](https://news.google.com/rss/articles/CBMikAFBVV95cUxPYkNmYkN6TFJ4Nl9GR3ZVeWNoUDVwakttVkJ1ajlFR0diSnpPNXppaUY3Y2RoWFpKek1wMVpzeER6MUNUZlhsendTdllTbFVUdU1FYlhDWUZoZDM2N0hxMXZWWEJNZm9zRWVNeFFjeXlGZlRXMU1SS1BGN29GSTc4a2pnRHdRMlpOMldLWVE0cEM?oc=5) · RWJBarnabas Health
- 2026-02-06 [Catherine Sipe Obituary - Secaucus, NJ - Dignity Memorial](https://news.google.com/rss/articles/CBMihAFBVV95cUxNTHJQb3NxX1dPMkZDMkpndDFaQ1JmOVdNOEFIcjhUdWxCQUZMTmU2MTZhNzdQOFlxRXdQc0J2LUhuR0dLQXQySTVYRWJCb0djRC1QeXpXa3hiNHVXZjNzeFppd2ozSUpYQzQyWk45M2VLMnBfUjVPR2xTSDN0aERPWTVJMlY?oc=5) · Dignity Memorial
- 2025-09-11 [Credit Union of New Jersey selects Timothy Grossman as SVP/CFO - CUInsight](https://news.google.com/rss/articles/CBMipgFBVV95cUxQZy1jY2NsY2FBMDVFcUhNYlNac1RybzJfUTRHSGZYN05JNUVSbWQ5ZDc3dFdTdEFXOFc5Ml9wMm5UU2ZPMGlTSFF5TURtZnN0YTRtYWFGWVpnNld1UE9SZU1QRW0tZVZvcFZlWGp0dXhBSHdjWVBWWXNZZ0NZaThXQlRuZlZvd1pHdjl6ODdadmFuQUpiSHVaaTltWEpRc1NycXkyenpR?oc=5) · CUInsight
- 2023-12-04 [The Tiny Credit Union Powering Brooklyn’s Economy - Next City](https://news.google.com/rss/articles/CBMihAFBVV95cUxPWmV4VHF6anhHU1NZbVRXSTBnTVZuRXZaeFZYM3pZc2VZVmU3Q3M4b3phN2lYcEl1N1RibDY0aDBSVl8xb092X05ENlVZMWF0cWtzTlpKZXVRclF5Y0JPOUozVmgxUmFfUXM4SjBHdEtVN2V2WTRWeDlpYjNvdWdCYlVuUHY?oc=5) · Next City
- 2025-11-13 [Peter C. Caggiano Obituary (2025) - Middletown, NJ - John F. Pfleger Funeral Home, Inc. - legacy.com](https://news.google.com/rss/articles/CBMigwFBVV95cUxQVlg4NkNQZFdUeGI2bkU1Z09NOVczUzJFYWpJMnJQMlpqUV9VXzBRU2gtUFVWSlpGRWZhNnA1LXZ2Tk1zZVM5dF9BcTkwSVRGTU9lVDJHQkZXVjc1Zlg0UGhUMDNuRGZvNjdYZnRBQzF5MDJmd0J5c041bGlwOTdfcGJJYw?oc=5) · legacy.com

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=8118 (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/54.json (key "8118", 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=8118
- 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