# VERMILLION
VERMILLION, SD · NCUA charter 12983 · asset band <$50M · latest filing 2023-03 · stopped filing after 2023-03 (departed; for a credit union that is almost always a merger)
Share link (named URL with a preview card): https://getbookiq.com/cu/vermillion-12983

Who the members are: federal charter, community charter, organized 1959, low-income designated. 2,818 members of 14,000 potential (20.1% of the field); checking penetration 71% (share draft accounts per 100 members); loans per 100 members 54.

**Verdict on the desk:** this could be *stressed*. Composite score 5 of 18 (one point per flag across 17 flags, capital below 7% counted twice).

## What the filing shows

| Measure | Value |
|---|---|
| Total assets | $28.1M |
| Members | 2,818 (0.5% YoY) |
| Full-time staff | 5 |
| Net worth | $2.5M |
| Net worth ratio | 9.0% (p20 of band) |
| ROA (annualized) | -4.22% (p2 of band) |
| Total delinquency | 0.30% (p43 of band) |
| Net charge-offs (annualized) | 0.02% (p56 of band) |
| Loans / shares | 51% (p44 of band) |
| Cash / assets | 47.0% |
| Borrowings / assets | 0.00% |
| Net interest margin | 3.68% (p71 of band) |
| Operating expense / assets | 9.77% (p99 of band) |
| Vehicles % of loans | 64% (p53 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 18% |
| Third-party paper % of net worth | 57% (p93 of band) |
| Vehicle delinquency | 0.42% (p57 of band) |
| Vehicle NCO | 0.00% (p37 of band) |
| Repossessed % of vehicle book | 0.00% (p47 of band) |
| Real estate % of loans | 19% |
| Credit cards % of loans | 1% |
| Unsecured % of loans | 6% |
| Commercial % of net worth | 0% |
| Core shares % of member funds | 84% |
| Certificates % of member funds | 8% |
| Average share balance | $4,676 |
| Participations bought / yr | $0 |
| Participations sold / yr | $0 |
| Participations outstanding | – |
| Loans outstanding per 100 members | 54% |
| Loans granted per 100 members, annualized | 15% |
| Average loan balance | $8,388 |
| Loans granted, annualized | $4.7M |

## Flags firing in the latest filing

- **thin capital** (`cap_low`)
- **losing money** (`earn_negative`)
- **expense trap** (`earn_opex`)
- **delinquency rising** (`aq_dq_rising`)
- **auto monoline** (`str_vehicle`)

## 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 | 1 | delinquency rising |  |
| 2017-06 | 0 |  | delinquency rising |
| 2017-09 | 0 |  |  |
| 2017-12 | 0 |  |  |
| 2018-03 | 1 | delinquency rising |  |
| 2018-06 | 1 |  |  |
| 2018-09 | 1 |  |  |
| 2018-12 | 0 |  | delinquency rising |
| 2019-03 | 1 | net worth falling |  |
| 2019-06 | 1 |  |  |
| 2019-09 | 0 |  | net worth falling |
| 2019-12 | 1 | delinquency rising |  |
| 2020-03 | 1 | net worth falling | delinquency rising |
| 2020-06 | 1 |  |  |
| 2020-09 | 3 | margin squeeze, delinquency rising |  |
| 2020-12 | 2 |  | delinquency rising |
| 2021-03 | 4 | thin capital, delinquency rising |  |
| 2021-06 | 0 |  | net worth falling, margin squeeze, thin capital, delinquency rising |
| 2021-09 | 1 | auto monoline |  |
| 2021-12 | 1 |  |  |
| 2022-03 | 2 | delinquency rising |  |
| 2022-06 | 2 |  |  |
| 2022-09 | 2 |  |  |
| 2022-12 | 2 |  |  |
| 2023-03 | 5 | thin capital, losing money, expense trap |  |

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

- 2025-09-20 [UNI volleyball sweeps Green Bay for Capital Credit Union Classic title - UNI Athletics](https://news.google.com/rss/articles/CBMixgFBVV95cUxOTWFFcEo1RWNRTlJGN2l4Qmd5MWdjdnF0UnpjLW1FcDFZVkRnd0thZ055cTBBQzEwUGhUT0pRb0dERU1va2ZVX0FoNV9XSEpQMzZVZ0Q4ck1OclczY0tWRjRfN2hDUWYxb2F6N3VFRzRLejBjNV9LSE52R1ZjSUlQSm5lTzI5ellMd1Y3M0U3dWd2Y3VJMG04NVNSNFRNc0kzeTZzVGROb1RRZkE3LU5VbnMtekZPTXFGX004c0pvVjBqa3RhM3c?oc=5) · UNI Athletics
- 2023-05-23 [Credit unions to merge - SiouxFalls.Business](https://news.google.com/rss/articles/CBMiYEFVX3lxTE5EeDIzSFlHdzhlMDZEY2ZmZXI2S1g5dmI1aUpXcjdrOUxQVGE1enN1SnB5b1kzNE5ybUQ2UXNrazZTNmdZc0lBVzgydTV5MUlFX0pUU09nSE84S243SXBTRg?oc=5) · SiouxFalls.Business
- 2026-01-04 [Doris Ione Shadbolt Obituary (2026) - Vermillion, SD - Kober Funeral Home - Elk Point - legacy.com](https://news.google.com/rss/articles/CBMigwFBVV95cUxNRTgtZFZxQm5qcHNrWTR3NmxvUVhLamE0OFlYU2ExYXRDN2JJYUM4MENsSkpKcllMUmd2MEEtaGJmSkVYNnpLdmk1SEZCb21oZVc5WW9RQ0EtTE9ycUpxLXpHRkQtM2s5LU1STzhPazdGSENfdUVPY0VyQlItR2dBUVBzRQ?oc=5) · legacy.com
- 2024-06-04 [Carmen Marie Stewart Obituary Jun 4, 2024 - Hansen Funeral Home | Vermillion SD](https://news.google.com/rss/articles/CBMia0FVX3lxTE9CQ0lhdkVmUVZWdWF2cy15eUtpZUVLdmFUX0Q5M0MtUFE0eExaQTdPUmhCbmVFSEgyX1VGLThMWUxXVmRjTTFrbkI2dnlOa2dBc0JkeHpLOFpzRkdYb2tYaDJVQnRIbnQtRlFJ?oc=5) · Hansen Funeral Home | Vermillion SD
- 2023-05-24 [Voyage and First Century Credit Union announce intent to merge - KELOLAND.com](https://news.google.com/rss/articles/CBMipwFBVV95cUxOS1FVOFljLTFrZUUwRjlGbWQxWXhXVVIxTS1wN0UyRzRqT05WZlI3QXUyRm93X05KVXpUNFJ1Qk14cExLY1dvOHF2aWRwbVY3M0dEekhWeVNiVV91NFRXRzV0clNpN1FyWDE3OTVueVFnYzU3MmdXQWo3a0tzQ05Ud0QwNWQzdHc0dklyU1c5dW1aT0Rha0ZBN21FS1hlUWE0ei1DNndjZ9IBrAFBVV95cUxOYWJRN0dTZEk4QUJybnFvQ2RLV29zMlJ5dm9rWTdzTWo1N3F3T21oQXdadldpZEJSQU1uS294NkFvb2VTU0NVbDQ2c0RhN2dmeGVrbWVoQnBLbjdFM2F0S21XdU9CQ0dDdzExVnZGWjNiVXBIQmNIV0NXNmV5aFdRNTU5Z1RVT04xNm5OZDgyWDJzalBpWEtiX0VKdGxmNDlUZHhGXzZvblZvaGJo?oc=5) · KELOLAND.com
- 2023-08-17 [Karen K Vermillion Obituary Aug 17, 2023 - Petersen Family Funeral Home](https://news.google.com/rss/articles/CBMieEFVX3lxTFBfb0F3Q195dVhWam82SDctN3d6OVU4dWdQZXI5Y0RZc012cnMtMUpWcExEVVh3WmlsUS1jUjMtWHBYU2d1WDFXQXR1SDJIUmdabThnSWRXbnFmQlpNWE9XOG4zazYxWkpucnVGRVJ5OVJiLWVpZHF6VQ?oc=5) · Petersen Family Funeral Home
- 2025-04-09 [America's Best Regional Banks and Credit Unions 2025 - Minnesota - Newsweek Rankings](https://news.google.com/rss/articles/CBMikAFBVV95cUxOUzh0Z3pCcmdqcXR3Vi0xQ0IzV0VKUGE3ZHpzRWVTcGpKSjFNMk5BZ2c0SnRCa1ZYRVlzd0dfX3ZlWVpDaDVhNXdGSXpERG0tZzN6VzRTRkp1ek50ZFJCei1sWHhSNXoxSlg0di1CMkpLUzliel9KS1dLWXMwOVdnaXpFcHJMUm9ydmxuMFpISDg?oc=5) · Newsweek Rankings
- 2024-01-19 [Welcome! First Baby Of 2024 Born At Sanford Medical Center Vermillion | Local News - plaintalk.net](https://news.google.com/rss/articles/CBMijwFBVV95cUxQM004WjNIcXctZlRmdXFjMnMxWTZVRHJjbU0xeVRHNHdPSUxGMElBV0lHd0dBWEViVjhDUVBnNzZ3ZC1xWWRMV0cxTDREWC1VVmhjM3AzVjdHbWUwV3NKR1EwVjJxRjhwZHRqSk41ZDJsY2wyeEExNjdUZHktOHpFYjUzeDBlQW1UOXhDNXlGcw?oc=5) · plaintalk.net

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=12983 (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/55.json (key "12983", 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=12983
- 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