# NORTHLAND AREA
Alpena, MI · NCUA charter 11979 · asset band $500M-1B · latest filing 2026-03 · live
Share link (named URL with a preview card): https://getbookiq.com/cu/northland-area-11979

Who the members are: federal charter, community charter, organized 1957, low-income designated. 46,344 members of 635,533 potential (7.3% of the field); checking penetration 75% (share draft accounts per 100 members); loans per 100 members 41.

**Verdict on the desk:** this could be *ordinary*. Composite score 0 of 18 (one point per flag across 17 flags, capital below 7% counted twice).

## What the filing shows

| Measure | Value |
|---|---|
| Total assets | $708.4M |
| Members | 46,344 (1.3% YoY) |
| Full-time staff | 148 |
| Net worth | $72.1M |
| Net worth ratio | 10.2% (p46 of band) |
| ROA (annualized) | 0.59% (p47 of band) |
| Total delinquency | 0.82% (p68 of band) |
| Net charge-offs (annualized) | 0.22% (p25 of band) |
| Loans / shares | 72% (p27 of band) |
| Cash / assets | 10.4% |
| Borrowings / assets | 1.41% |
| Net interest margin | 3.10% (p26 of band) |
| Operating expense / assets | 3.24% (p32 of band) |
| Vehicles % of loans | 23% (p34 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 61% |
| Third-party paper % of net worth | 93% (p49 of band) |
| Vehicle delinquency | 1.15% (p82 of band) |
| Vehicle NCO | 0.57% (p32 of band) |
| Repossessed % of vehicle book | 0.00% (p18 of band) |
| Real estate % of loans | 42% |
| Credit cards % of loans | 0% |
| Unsecured % of loans | 3% |
| Commercial % of net worth | 187% |
| Core shares % of member funds | 49% |
| Certificates % of member funds | 21% |
| Average share balance | $5,935 |
| Participations bought / yr | $8.0M |
| Participations sold / yr | $0 |
| Participations outstanding | $9.7M |
| Loans outstanding per 100 members | 41% |
| Loans granted per 100 members, annualized | 13% |
| Average loan balance | $23,906 |
| Loans granted, annualized | $131.3M |

## Participation posture (from the same filings)

Bought $8.0M and sold $0 in the latest annualized quarter; $9.7M outstanding purchased (13.5% of net worth), $9.4M sold and retained. Sold in 3 and bought in 2 of the last 8 quarters. Shares 5.4% year over year.

## Flags firing in the latest filing

- none

## 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 | 0 |  |  |
| 2017-06 | 1 | net worth falling |  |
| 2017-09 | 1 |  |  |
| 2017-12 | 1 |  |  |
| 2018-03 | 1 |  |  |
| 2018-06 | 1 |  |  |
| 2018-09 | 1 | delinquency rising | net worth falling |
| 2018-12 | 0 |  | delinquency rising |
| 2019-03 | 1 | delinquency rising |  |
| 2019-06 | 2 | net worth falling, loans>95% of shares | delinquency rising |
| 2019-09 | 1 |  | net worth falling |
| 2019-12 | 2 | leaning on borrowings |  |
| 2020-03 | 3 | net worth falling |  |
| 2020-06 | 1 |  | loans>95% of shares, leaning on borrowings |
| 2020-09 | 1 |  |  |
| 2020-12 | 1 |  |  |
| 2021-03 | 4 | thin capital, margin squeeze, 3rd-party paper>100% NW |  |
| 2021-06 | 2 |  | net worth falling, margin squeeze |
| 2021-09 | 2 |  |  |
| 2021-12 | 2 |  |  |
| 2022-03 | 1 |  | 3rd-party paper>100% NW |
| 2022-06 | 3 | delinquency rising, members leaving, 3rd-party paper>100% NW | thin capital |
| 2022-09 | 4 | thin capital |  |
| 2022-12 | 4 | leaning on borrowings | delinquency rising |
| 2023-03 | 4 |  |  |
| 2023-06 | 3 | margin squeeze | members leaving, 3rd-party paper>100% NW |
| 2023-09 | 1 |  | thin capital, margin squeeze |
| 2023-12 | 1 |  |  |
| 2024-03 | 1 |  |  |
| 2024-06 | 2 | delinquency rising |  |
| 2024-09 | 3 | assets shrinking |  |
| 2024-12 | 2 |  | leaning on borrowings |
| 2025-03 | 1 |  | assets shrinking |
| 2025-06 | 1 | net worth falling | delinquency rising |
| 2025-09 | 0 |  | net worth falling |
| 2025-12 | 0 |  |  |
| 2026-03 | 0 |  |  |

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

- 2026-03-15 [Weather Related Cancellations, Closing and Delays for Monday, March 16, 2026 - True North Radio Network](https://news.google.com/rss/articles/CBMi5AFBVV95cUxOb1AzaTNwS2lVX3VLMXhwYkx3TjRDUUhJZFp4VnFLM1F2OURvenRQQWhFcFJBSjY4bGRsM1Rja3RDV25XQ2pDQ1dqU2RqYWNLZjBTVWlEYlpyM0NLeHNyRlZHWXBnNUhIYTRXX2Frd21mclUxZHFINkdKQjJLaXFVZjNZbXh2bjduU0VlbEl4dV8zVXZvWkdYUXVNM1g4NFljWk5oZ3J1WW8tZGxQbXRKUGktODRSU19UQy1hVGd5WFlHMVBXSDdKal9wX1VjSlFEYVlKSjhUMk1YYWs4VUk4OGRmZVI?oc=5) · True North Radio Network
- 2026-06-04 [Northland awards scholarships to outstanding students - thealpenanews.com](https://news.google.com/rss/articles/CBMirAFBVV95cUxNLVJsVUxYYTNuVl8td2pUelVTOXVpX1NZS29nSzgwNktzS0tUYUNNWVhadVJ0UXNZQTZCaFV1Sm9Ic21OeTFleG1rUzdPQ3NhR1ZhZy1ZcjZOc1lvNndxSm5DZ0xWWUxXUENId0NGX2pKWEFyaXFfQTJYNzQ5d203MW5ydHdoQ3FaR0FueWVydVFIQ2hqSjVkOUVIWlRIUFJMWTd1TzdkUlBNVTkx?oc=5) · thealpenanews.com
- 2025-10-31 [Petoskey business expo brings networking opportunities and local flavors - Petoskey News-Review](https://news.google.com/rss/articles/CBMi3AFBVV95cUxQN0ItNkxKSmQxX3UtZ0JrSWQ4cWhXMWpUSUhCUm1GdHNJYnNqU2ZlZ0ZiMkhlWHZVZDBsdHlLU0xCZTl5d1NLQzhyR3ZhT2hYZWVISzlTWmFDeXlZOEo4bGszVDRIOXBBbXFrS1llSkJDME04NmtEMkNBRVU0SjRUNHQ3c3VINzhtaFJBTUdVcllmR2RubGlQY3pYdU9WUHFCYXZJT3AybzBuX09iQzBTNGFaN2NuU2pTVGRpdnRYNlV2UklfR0UzNHdjMEg0azdhU3NqNVNNZVlQTkNT?oc=5) · Petoskey News-Review
- 2020-10-31 [Northland Area FCU donates $2K to VFW - - thealpenanews.com](https://news.google.com/rss/articles/CBMihwFBVV95cUxNVTdUS2NfbTM3VnhpeHYzOTYtY3lXdk5wY1BiN0ZrQ0JNVE1Xb3VnMmZ4dzlHWGxhS0J4Z2tDSmdMRE5BVnY4Ry1FOUlGdUZab2h5cEJ3cmpmdG9iTVRKOF91Qlo5MGVfZmQ1VTJhandQWDBraTBzam02TVhFUGE0UUFDME5ZbkU?oc=5) · thealpenanews.com
- 2026-02-13 [Bernard J. "Bernie" Schenk Obituary (2026) - Bay City, MI - Lee-Ramsay Funeral Home - Standish Chapel - legacy.com](https://news.google.com/rss/articles/CBMigwFBVV95cUxQR2x3SjhybklYcjMtZlI1QkEyYkRwR1MxaWl2Q2hZOTlhNVZyZHhod3Q2MC1YUzVoYTlqbWFEY3puRmVrZ3ZXc1M5VWMxVFR6bV9JdHBPTGtmcXlIRlljYndiVmdZVUVhcFpVTDN2RzFiZ0wxX0tFamlva2l2WERUUDAxQQ?oc=5) · legacy.com
- 2024-06-10 [Pamela Lynn Upton Obituary | West Branch, MI - Tribute Archive](https://news.google.com/rss/articles/CBMidkFVX3lxTE5aV1htZWJXSlAyOVhTX0JtcG5SU3hTc3o3RW5qMlZpZ1BHTHllelJObzFXcktLenJveExlRy10QzZ3Y2dtUUJiLTduSmhvMnUxNHNxcFFSQk44Ym5va3AzZDBJNm1WZDlsX1o2OHVNX1VRTW9fcmc?oc=5) · Tribute Archive
- 2024-07-10 [HPC Credit Union Fourth of July Parade float winners announced - - thealpenanews.com](https://news.google.com/rss/articles/CBMiqgFBVV95cUxOeG9KbE5QVmxtQ2c1aVBsajNsRnJfMFkzNFNZalNYVm5ZY3YtS2x1US1FZndxLVlNNktxVGxaWmF5YkFKYXBNX0lkeGw1NlFMdk8zTHBPWDlXaGRfbG9PeTRvdWEtUnVSa2ZWYnFjU0RKaWxJc1VCWktVNC1YMHh2NXB0clRXNVowOElJd1hnZExFT2l5eE5wdmRfVXdfWHEySVFWUGE4RXdhdw?oc=5) · thealpenanews.com
- 2024-06-28 [Northland awards $10,025 in Jerry Erickson scholarships - - thealpenanews.com](https://news.google.com/rss/articles/CBMirAFBVV95cUxNQkVvd1R4OU5Yd05CTzRiM214LWE1cWxjT0lkV2traGM1c205OGVjVUs5T1doTHJHMm5OazlJRWdRRDdVd2I5WXkwUlVPMDdaZFVWRUx2a0NQUmVUQW8yZW51M3ByYTRYcEVTSkZYOU43dk1rSUZWRnBJa3pZLUdXU2hNYk9ZT2xfa2UyRXZIVEc3Ulp4VGZoSWJEZ1Y3aFlWNmQzenpvdGExOE01?oc=5) · thealpenanews.com

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=11979 (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/11.json (key "11979", 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=11979
- 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