PackageTrendsPeer
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Northeastern CT. Health Care CU, Inc.

Putnam, CT · Charter 66057

NCUA · 2 branches

Q1 2024

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, not published for this institution and quartern/a

Basis

Quarter: Q1 2024, the quarter ended March 31, 2024, on both parts.

Income statement: year to date as filed, annualized, on both parts.

Balance sheet: as filed at quarter end.

Peer group

No peer standings are published for this institution and quarter.

Peer groups below the disclosure floor are suppressed.

Source: NCUA 5300 Call Report, as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas.

CallReports · callreports.ai · Board PackageGenerated 2026-10-11

Northeastern CT. Health Care CU, Inc.

Putnam, CT · Charter 66057

NCUA · 2 branches

Q1 2024

$10.2MAssets
$5.6MLoans
$8.8MShares
$1.4MNet Worth

NIM

NIM decomposition not available for credit unions

Non-interest income vs. expense

Non-interest trend not available for credit unions

Executive Summary

  • Earnings: ROA of -4.11%, down 477 bps year over year; NIM at 3.43%.
  • Asset quality: problem loans at 0.00% of loans (-8 bps YoY).
  • Capital: net worth / assets of 13.20%, down 75 bps from a year ago.
  • Funding: loans stand at 63.77% of shares as of Q1 2024.

Financial Results

Return on Assets (YTD, annualized)

-4.11%-477 bps YoY

Net Interest Margin (YTD, annualized)

3.43%+15 bps YoY

Efficiency Ratio (YTD, annualized)

211%+13,204 bps YoY

Net Worth / Assets

13.20%-75 bps YoY

Year to date, annualized, through each quarter.

MetricQ1 2023Q2 2023Q3 2023Q4 2023Q1 2024YoY ΔTrend
Earnings
Return on Assets0.67%0.54%0.59%0.00%-4.11%-477 bps
Return on Equity4.77%3.74%3.97%0.03%-31.11%-3,588 bps
Net Interest Margin3.28%3.44%3.53%3.49%3.43%+15 bps
Efficiency Ratio78.61%82.45%81.41%98.34%211%+13,204 bps
Growth
Asset Growth (YoY)-7.73%-9.70%-8.54%-3.03%-3.11%+462 bps
Loan Growth (YoY)18.42%12.48%12.58%8.10%3.08%-1,534 bps
Share Growth (YoY)-9.39%-11.72%-10.32%-4.15%-2.94%+645 bps
Asset Quality
Delinquent Loans / Loans0.08%0.00%0.00%0.00%0.00%-8 bps
Net Charge-Offs / Loansn/an/an/an/an/an/an/a
Allowance / Loans0.87%0.84%0.86%0.82%0.88%+1 bps
Capital
Risk-Based Capital13.95%14.44%14.81%14.19%13.20%-75 bps
Net Worth / Assets13.95%14.44%14.81%14.19%13.20%-75 bps
Liquidity & Funding
Loans / Shares60.05%62.09%66.47%64.83%63.77%+372 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0 bps