PackageTrendsPeer
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Harvard University Employees

Cambridge, MA · Charter 67696

NCUA · 6 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 2026-10-10

Harvard University Employees

Cambridge, MA · Charter 67696

NCUA · 6 branches

Q1 2024

$1.2BAssets
$1.1BLoans
$846.4MShares
$103.6MNet 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 0.01%, down 56 bps year over year; NIM at 2.36%.
  • Asset quality: problem loans at 0.72% of loans (+14 bps YoY).
  • Capital: net worth / assets of 8.46%, down 14 bps from a year ago.
  • Funding: loans stand at 128.65% of shares as of Q1 2024.

Financial Results

Return on Assets (YTD, annualized)

0.01%-56 bps YoY

Net Interest Margin (YTD, annualized)

2.36%-33 bps YoY

Efficiency Ratio (YTD, annualized)

94.34%+1,729 bps YoY

Net Worth / Assets

8.46%-14 bps YoY

Year to date, annualized, through each quarter.

MetricQ1 2023Q2 2023Q3 2023Q4 2023Q1 2024YoY ΔTrend
Earnings
Return on Assets0.57%0.43%0.34%0.28%0.01%-56 bps
Return on Equity6.66%4.93%3.99%3.23%0.09%-656 bps
Net Interest Margin2.68%2.70%2.58%2.53%2.36%-33 bps
Efficiency Ratio77.04%81.26%83.30%85.23%94.34%+1,729 bps
Growth
Asset Growth (YoY)13.18%8.76%7.45%5.87%2.90%-1,029 bps
Loan Growth (YoY)17.06%10.68%9.14%7.59%6.18%-1,087 bps
Share Growth (YoY)-0.28%-0.05%-0.82%-0.90%-1.76%-148 bps
Asset Quality
Delinquent Loans / Loans0.58%0.58%0.55%0.65%0.72%+14 bps
Net Charge-Offs / Loansn/an/an/an/an/an/an/a
Allowance / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Capital
Risk-Based Capital8.60%8.77%8.56%8.54%8.46%-14 bps
Net Worth / Assets8.60%8.77%8.56%8.54%8.46%-14 bps
Liquidity & Funding
Loans / Shares119.03%120.37%125.94%125.80%128.65%+962 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0 bps