# WHITE EARTH RESERVATION
Mahnomen, MN · NCUA charter 17749 · asset band <$50M · latest filing 2022-03 · stopped filing after 2022-03 (departed; for a credit union that is almost always a merger)
Share link (named URL with a preview card): https://getbookiq.com/cu/white-earth-reservation-17749

Who the members are: federal charter, community charter, organized 1966, low-income designated, minority depository institution. 1,416 members of 9,000 potential (15.7% of the field); checking penetration 67% (share draft accounts per 100 members); loans per 100 members 26.

**Verdict on the desk:** this could be *stressed*. Composite score 4 of 18 (one point per flag across 17 flags, capital below 7% counted twice).

## What the filing shows

| Measure | Value |
|---|---|
| Total assets | $3.0M |
| Members | 1,416 (1.4% YoY) |
| Full-time staff | 3 |
| Net worth | $194,140 |
| Net worth ratio | 6.5% (p4 of band) |
| ROA (annualized) | 1.63% (p94 of band) |
| Total delinquency | 0.07% (p29 of band) |
| Net charge-offs (annualized) | -0.12% (p11 of band) |
| Loans / shares | 71% (p82 of band) |
| Cash / assets | 34.0% |
| Borrowings / assets | 0.00% |
| Net interest margin | 4.67% (p95 of band) |
| Operating expense / assets | 10.34% (p99 of band) |
| Vehicles % of loans | 51% (p37 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 0% |
| Third-party paper % of net worth | 0% (p43 of band) |
| Vehicle delinquency | 0.00% (p20 of band) |
| Vehicle NCO | 0.00% (p39 of band) |
| Repossessed % of vehicle book | 0.00% (p47 of band) |
| Real estate % of loans | 0% |
| Credit cards % of loans | 0% |
| Unsecured % of loans | 32% |
| Commercial % of net worth | 0% |
| Core shares % of member funds | 98% |
| Certificates % of member funds | 2% |
| Average share balance | $1,083 |
| Participations bought / yr | $0 |
| Participations sold / yr | $0 |
| Participations outstanding | – |
| Loans outstanding per 100 members | 26% |
| Loans granted per 100 members, annualized | 39% |
| Average loan balance | $5,183 |
| Loans granted, annualized | $2.8M |

## Flags firing in the latest filing

- **thin capital** (`cap_low`)
- **capital below 7%** (`cap_critical`)
- **expense trap** (`earn_opex`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 2 | expense trap, delinquency 2x band |  |
| 2016-06 | 1 |  | delinquency 2x band |
| 2016-09 | 1 |  |  |
| 2016-12 | 3 | charge-offs p90, repo signal |  |
| 2017-03 | 3 |  |  |
| 2017-06 | 3 |  |  |
| 2017-09 | 4 | net worth falling |  |
| 2017-12 | 3 |  | net worth falling |
| 2018-03 | 3 | delinquency rising | charge-offs p90 |
| 2018-06 | 3 | assets shrinking | repo signal |
| 2018-09 | 3 | net worth falling | assets shrinking |
| 2018-12 | 2 |  | net worth falling |
| 2019-03 | 2 | losing money | delinquency rising |
| 2019-06 | 4 | assets shrinking, loans>95% of shares |  |
| 2019-09 | 4 |  |  |
| 2019-12 | 3 |  | assets shrinking |
| 2020-03 | 6 | net worth falling, delinquency 2x band, delinquency rising, assets shrinking | loans>95% of shares |
| 2020-06 | 4 | margin squeeze | delinquency 2x band, delinquency rising, assets shrinking |
| 2020-09 | 6 | delinquency 2x band, delinquency rising |  |
| 2020-12 | 6 | thin capital | delinquency 2x band |
| 2021-03 | 9 | capital below 7%, delinquency 2x band, charge-offs p90 | delinquency rising |
| 2021-06 | 9 | delinquency rising | charge-offs p90 |
| 2021-09 | 8 | charge-offs p90 | delinquency 2x band, delinquency rising |
| 2021-12 | 7 |  | net worth falling |
| 2022-03 | 4 |  | losing money, margin squeeze, charge-offs p90 |

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

- 2022-10-28 [Affinity Plus Celebrates White Earth Credit Union Merger with Opening of New Mahnomen Branch - Lakeland PBS](https://news.google.com/rss/articles/CBMirwFBVV95cUxNZHV1UVNJNWduYk9DVHJyU1hubHpmUjd5aXJSUFllTEo4a1FDRFFWaXNfQlRZU0MzVGRJR05mMWtnZUlQaTFISTk5X1VtVHVwMFdqRHItd01KSDVnM3cwZ3pXUUlWaXNKYUE0ZE0zakx1T0dzQXh6YmNnRXFac0oteXRpNzBiM0RuMGtEMF9FNWtYemJickFIQmZPTWJQbFZ2dEVXeERCSnJwSVZ3ZGk0?oc=5) · Lakeland PBS
- 2022-02-16 [Regulators OK merger of Affinity Plus Federal Credit Union, White Earth Reservation Federal Credit Union - The Business Journals](https://news.google.com/rss/articles/CBMimgFBVV95cUxPNWVsdVdYMHJYeEg3Z1NnbGxiUFZRT053SHhIdjdIUFNNRHc2V0ROaWtJYXpVc2FuOHp5MzZnUm04RVNNYVo3bGxIZXNZUnRPOUloS0I3Z1RSbFIxY2oxdUhpX25XUXBfOVlLSVFIM2llaWRBV1dkR3c3V2M2LXZCYm5mT0hQOUJ3U0Y0U3hPeXpYS1YyV1pEaHRn?oc=5) · The Business Journals
- 2023-08-25 [How Affinity Plus Sped Up Its Growth to Its Fastest Level in 10 Years - The Financial Brand](https://news.google.com/rss/articles/CBMixAFBVV95cUxPTTZndGlscGNVTjFzbFNtbUdvRXNNdERKYTg3SVNIU1JFMFF5U01JT21KdGVtcm9ITjc1MFJSU0d2RUlNb0hPM3paSUFTa0k5QXRRRjBQdFRsSFBMLTc3eFZUYjdyOThhQ2Q2dHZjaGFhbjYxSS1wdmNCZFM5X1lFTnlUWVdmLTczSzJYQjRtSlMtMTlVTXN6Ym83aElDX2VNSjZVWmpBR2RZSTZaeFFYdGsxZnl6dy16ejNBbGwwTHp1X1RT?oc=5) · The Financial Brand
- 2023-11-13 [Affinity Plus CEO shares his vision of leading with authenticity, transparency - startribune.com](https://news.google.com/rss/articles/CBMi0wFBVV95cUxQbFp1RTZLUGtwbFpKTTdrOFhncTNkdVhsSFFuUHBzbV9EME8zMUtMTlczb2FKVEtXMmIzS2RXalZXcDY1dUNQMVRvMmZuc3NISVhsbEZFVUtkTDMyZEhjSnh4a09kRUlWcVdkcXhmSm14VFU4OTE1aUcta0huZldiaFNxV0tBM2pQY0EzcTYxaU1yVUtleEtVaExGYXB3RFBQX1lQUEU4SlpEd25EZ1pJTGlGZEZDYVQ1Q0tLVnJNYzFDWmtaRGt2R1lVNm41aFF6M25F?oc=5) · startribune.com
- 2023-02-04 [Affinity Plus Credit Union sees niche in St. Paul’s Midway, serving unbanked neighbors - Pioneer Press](https://news.google.com/rss/articles/CBMioAFBVV95cUxNV0Z6LUpwTkR2d3NjTjl1TUwtRVpTVER1TjBRQ25qZmlKLXctOGNUSG9heWhXd3ZUNm9SRUlVVWZwY3FRaXAzVjRfZ290M2lGbm5KNjZ4cTZzWlNOXzJUeHNweFVtbXN3eW9yQ2lMYTNZei1JRUh5ZHF2YjZOX1Y1aFRZNjh2b2xwRUowQUg4amFKOUxoazVVMUJnazVod2xP?oc=5) · Pioneer Press
- 2025-06-05 [Affinity Plus to merge with Albert Lea credit union, expanding services and membership - The Business Journals](https://news.google.com/rss/articles/CBMiqAFBVV95cUxONTl5MUpRcExYdDE1MzZGbWh2d3h2VjNYX3ZKNWlCSWFOWENvZTdyaGI5T3ZQTnVWODZLTzJsRjlpUVdIZ3lRajZyckx5YnhxMG5YREVxX1RFTXhxeHlrOFdCZnFDeXBrNTNVekN0MWU3d0x3cTBhN29CSkdUeVRES1B0Z1JuYlB2ZDkzV3o2aXJqSGUycHhRdnBCNFAxVWo2TTNHbDZ6enE?oc=5) · The Business Journals
- 2017-08-17 [Heartland Data Breach Update: Thousands of Institutions Impacted - BankInfoSecurity](https://news.google.com/rss/articles/CBMiogFBVV95cUxNWVEyRWhPeVlpYXZaX19sN1VhVk5zZ1RJb2xUMlNFUmhWdnU2c1NxVXRJcVBxYTJXM0ptVjFreVRaQjJQNkdoQmFKWmQxU3ZNMU5ROGRsbVVreFdIeUhHMmEwSjdnaHVoaDd3ZmhWQmdDX1huU3UyeFlYakxsMW1DTEJEMmVsR3BLelpjd0xENjB1eFBqOXFFcFdtc1lqVE44YlE?oc=5) · BankInfoSecurity

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=17749 (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/21.json (key "17749", 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=17749
- 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