# FIRST HERITAGE
Corning, NY · NCUA charter 9604 · asset band $500M-1B · latest filing 2026-03 · live
Share link (named URL with a preview card): https://getbookiq.com/cu/first-heritage-9604

Who the members are: federal charter, community charter, organized 1954, low-income designated. 50,929 members of 494,792 potential (10.3% of the field); checking penetration 58% (share draft accounts per 100 members); loans per 100 members 49.

**Verdict on the desk:** this could be *indirect buyer*. Composite score 1 of 18 (one point per flag across 17 flags, capital below 7% counted twice).

## What the filing shows

| Measure | Value |
|---|---|
| Total assets | $838.4M |
| Members | 50,929 (4.3% YoY) |
| Full-time staff | 152 |
| Net worth | $88.5M |
| Net worth ratio | 10.6% (p54 of band) |
| ROA (annualized) | 1.00% (p74 of band) |
| Total delinquency | 0.29% (p21 of band) |
| Net charge-offs (annualized) | 0.27% (p31 of band) |
| Loans / shares | 81% (p49 of band) |
| Cash / assets | 2.4% |
| Borrowings / assets | 0.00% |
| Net interest margin | 3.45% (p47 of band) |
| Operating expense / assets | 3.23% (p31 of band) |
| Vehicles % of loans | 40% (p73 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 84% |
| Third-party paper % of net worth | 232% (p80 of band) |
| Vehicle delinquency | 0.17% (p9 of band) |
| Vehicle NCO | 0.53% (p31 of band) |
| Repossessed % of vehicle book | 0.00% (p18 of band) |
| Real estate % of loans | 41% |
| Credit cards % of loans | 1% |
| Unsecured % of loans | 2% |
| Commercial % of net worth | 86% |
| Core shares % of member funds | 49% |
| Certificates % of member funds | 35% |
| Average share balance | $6,203 |
| Participations bought / yr | $0 |
| Participations sold / yr | $0 |
| Participations outstanding | $888,604 |
| Loans outstanding per 100 members | 49% |
| Loans granted per 100 members, annualized | 12% |
| Average loan balance | $24,149 |
| Loans granted, annualized | $189.6M |

## Participation posture (from the same filings)

Bought $0 and sold $0 in the latest annualized quarter; $888,604 outstanding purchased (1.0% of net worth), $880,165 sold and retained. Sold in 0 and bought in 0 of the last 8 quarters. Shares 8.3% year over year.

## Flags firing in the latest filing

- **3rd-party paper>100% NW** (`str_thirdparty`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 1 | 3rd-party paper>100% NW |  |
| 2016-06 | 1 |  |  |
| 2016-09 | 1 |  |  |
| 2016-12 | 1 |  |  |
| 2017-03 | 2 | delinquency rising |  |
| 2017-06 | 2 | net worth falling | delinquency rising |
| 2017-09 | 2 | delinquency rising | net worth falling |
| 2017-12 | 1 |  | delinquency rising |
| 2018-03 | 1 |  |  |
| 2018-06 | 1 |  |  |
| 2018-09 | 1 |  |  |
| 2018-12 | 1 |  |  |
| 2019-03 | 3 | net worth falling, delinquency rising |  |
| 2019-06 | 1 |  | net worth falling, delinquency rising |
| 2019-09 | 1 |  |  |
| 2019-12 | 2 | delinquency rising |  |
| 2020-03 | 2 | net worth falling | delinquency rising |
| 2020-06 | 2 |  |  |
| 2020-09 | 4 | margin squeeze, delinquency rising |  |
| 2020-12 | 2 |  | margin squeeze, delinquency rising |
| 2021-03 | 4 | margin squeeze, delinquency rising |  |
| 2021-06 | 2 |  | net worth falling, margin squeeze |
| 2021-09 | 2 | members leaving | delinquency rising |
| 2021-12 | 1 |  | members leaving |
| 2022-03 | 1 |  |  |
| 2022-06 | 1 |  |  |
| 2022-09 | 1 |  |  |
| 2022-12 | 1 |  |  |
| 2023-03 | 2 | net worth falling |  |
| 2023-06 | 1 |  | net worth falling |
| 2023-09 | 1 |  |  |
| 2023-12 | 2 | delinquency rising |  |
| 2024-03 | 2 |  |  |
| 2024-06 | 2 |  |  |
| 2024-09 | 2 |  |  |
| 2024-12 | 1 |  | delinquency rising |
| 2025-03 | 1 |  |  |
| 2025-06 | 2 | net worth falling |  |
| 2025-09 | 1 |  | net worth falling |
| 2025-12 | 2 | delinquency rising |  |
| 2026-03 | 1 |  | delinquency rising |

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

- 2020-08-26 [As CEO plans retirement, First Heritage FCU names new leadership - americanbanker.com](https://news.google.com/rss/articles/CBMiyAFBVV95cUxNWTltNmZOM2dPRzMtandhc1JhSF9qWllGWTdPcmU5UjdIQ3hVaFFGVUN0U0FDN01YNWdEMDFVcER4cEx2TkExT0VpeWNhWkptTWc3dnItUjQ3bW5BcE1rOXowSl81SWpIaVh4UWhIeHVyd1FXbC1EbzRPdXk4RUNmTHFuVnAxMW85X1pJX25TT1lkczFsV185NEEydUg1Vlg5RW1RY0tlZ0JMekNKaUpKZE40b1k1cWlMNUhkSTZPWEI2ZWpWeEsyRw?oc=5) · americanbanker.com
- 2025-08-22 [Police searching for man who allegedly stole $4,000 in Addison bank robbery. What we know - Corning Leader](https://news.google.com/rss/articles/CBMixwFBVV95cUxNRWJQMGt5eklxTDBFTHh5QUZJR1B3SnlyZGF4LWtFSFF2ZG5GNjVQRzdsR016Zm5QWWdJTURfT3UxWkgyaXVWeXFwSmdITHZaMWlGOUx6QnZZRjlHRFpHaGdVSU5nSGlUZkdiV2t3bTAzS1FxYnp0bE9Yem5VLUZtV2VfRzExZHV6ZzRYZWpTWk1qSXh0RDhxRDFoaE1XUmUwMGdLVWZPY1BrQktZSDlhZHJ5NTNSeTA4djNXcTI2anM1TkJ4dkNR?oc=5) · Corning Leader
- 2023-11-28 [First Heritage Federal Credit Union Partners with CULA for Vehicle Leasing - PRWeb](https://news.google.com/rss/articles/CBMivAFBVV95cUxPVzc4MmlpTlJyZXpZRE9nd2UzeGpnQWcySnJQMzNPWVEwQ3FWOUxPS1JqS1h5YlN5cFNMa1B5Wi0xLXlMUTVUNHBwcWR2UmQ0a0paUWhUU01mOE5OY3F2aHZxYnFXcm54cU84QjZBNVBfVTEtUHk5YXlMc1ZUREFNZkt6UWRtNE9kVTZTcy1RdFhFWFFEUExITzVHZDFMR0RUWjU1UU5aQXoxSWowdkdETEhaRXAtUC1WckJWSA?oc=5) · PRWeb
- 2018-07-31 [First Heritage opens Hornell branch - Hornell Evening Tribune](https://news.google.com/rss/articles/CBMioAFBVV95cUxOSVVfRGF5aG1rMm1jTzMyLWhzRHJ2c0FjSUtwQXE2eTRKUWk3ZE9RRy1aXzE2WEpFZG5tRUE2VU1SMHRzbndPTDN0aXZQOC1zV08xSEtDNDJvUmdpWHB1cFRGakozbi16N2RhQ1NrRlowRHpybzQ2NDJldTdEd2poZnhBc2x3ODNFYjVmU0cwRVFFZzlweUU5RzR6OUNBdkNE?oc=5) · Hornell Evening Tribune
- 2025-08-25 [Authorities seek to ID bank robbery suspect in Steuben County - 607 News Now](https://news.google.com/rss/articles/CBMingFBVV95cUxPSVY3cFZLNlI0UEIzX1VvWjBHUWJUanY0ZVBmMExOYmVpd0V6OENYZGwyLUY5RGNuWWQxWG9HQVMwT2RwTnd0dXY2MDNIRlVEU290S0c3b2tqLW83QXNlUTg4cmhrU18wZy1KNzduN3J4YVVrSEJBMDhCTGQxMlpIMzhfTEQtcFR0enpRNmNzaXZRWWdINXZFNUk5dHEydw?oc=5) · 607 News Now
- 2023-04-26 [2023 Everyday Heroes honored at Corning Museum of Glass - weny.com](https://news.google.com/rss/articles/CBMixAFBVV95cUxQOGQtRGtXbXUwYnhsTWNYODY2Y096ZDhRVGM5aHZ0UTl3RC1pNUZyRUpKZXlUOFJKNTB4bjE0eU9JQno4VHR2RTR0N3R3ZXhhYTJPRGVPSFQzSWVtVlVtUW9JSC1XSjc0dHowWTJITGxTNk9rdWhUOTZTQTFXdmRYX2M4elZfcl8yNEpBQzFuTUh6ZGYwXzIxaWZzTmw1M3MxN2FIc1A3elRuc0tmZVBPRDAyeUtvSUp1bEI4Ni1RNmZkem0t?oc=5) · weny.com
- 2015-04-21 [UPDATE: Southport bank robbery suspect identified - Star-Gazette](https://news.google.com/rss/articles/CBMimAFBVV95cUxNbl8yTlNMd1I2dENQSUY0Vkh3dFowR2RQZEJWUUNtWDU3MDNYcWNNNDhvWGpaQXlwUjZXX2FaX2toLVFYOXdkWl9kSXdNSi1FOFh3SzBCTkluR3BfaWkzNmVxblViSnNoMFdjWlRiQ280c1daSjkyTTdsZ1cwc0RJQ2Nuc3dBQWVLZGRESUlrUGIwT1B2VFhQbA?oc=5) · Star-Gazette
- 2019-12-06 [First Heritage Credit Union Donates Generously to the Canisteo Police Club - wlea.net](https://news.google.com/rss/articles/CBMilwFBVV95cUxNei15dnVHZ3dPM1ZfR0VtYTZubTl0aGZoU1FxTFRxa1pIUm9EX3BFTW9FSE1veWpDVFoyYXRLTVhZUHgtWVJEZDNtbEVIVW05VnJ6UUhXSDFnMVdTUXloaTI1SzNzcENVREhqT3ZOSEJacHptWjlaYzRVR3ZndUo3dlJ5ZnFxdlQxTGVTdkFrSnlRcC16UlE00gGXAUFVX3lxTE16LXl2dUdnd08zVl9HRW1hNm5tOXRoZmhTUXFMVHFrWkhSb0RfcEVNb0VITW95akNUWjJhdEtNWFlQeC1ZUkRkM21sRUhVbTlWcnpRSFdIMWcxV1NReWhpMjVLM3NwQ1VESGpPdk5IQlpwem1aOVpjNFVHdmd1Sjd2UnlmcXF2VDFMZVN2QWtKeVFwLXpSUTQ?oc=5) · wlea.net

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=9604 (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/4.json (key "9604", 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=9604
- 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