# PROCTOR
proctor, MN · NCUA charter 19960 · asset band $50-100M · latest filing 2024-12 · stopped filing after 2024-12 (departed; for a credit union that is almost always a merger)
Share link (named URL with a preview card): https://getbookiq.com/cu/proctor-19960

Who the members are: federal charter, community charter, organized 1970. 6,654 members of 100,000 potential (6.7% of the field); checking penetration 38% (share draft accounts per 100 members); loans per 100 members 40.

**Verdict on the desk:** this could be *indirect buyer*. Composite score 3 of 18 (one point per flag across 17 flags, capital below 7% counted twice).

## What the filing shows

| Measure | Value |
|---|---|
| Total assets | $69.5M |
| Members | 6,654 (-10.3% YoY) |
| Full-time staff | 13 |
| Net worth | $7.5M |
| Net worth ratio | 10.8% (p33 of band) |
| ROA (annualized) | 1.00% (p69 of band) |
| Total delinquency | 0.95% (p66 of band) |
| Net charge-offs (annualized) | 0.14% (p27 of band) |
| Loans / shares | 92% (p93 of band) |
| Cash / assets | 16.8% |
| Borrowings / assets | 0.00% |
| Net interest margin | 3.91% (p70 of band) |
| Operating expense / assets | 3.18% (p40 of band) |
| Vehicles % of loans | 56% (p69 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 67% |
| Third-party paper % of net worth | 281% (p95 of band) |
| Vehicle delinquency | 1.50% (p81 of band) |
| Vehicle NCO | 0.20% (p35 of band) |
| Repossessed % of vehicle book | 0.00% (p38 of band) |
| Real estate % of loans | 42% |
| Credit cards % of loans | 0% |
| Unsecured % of loans | 1% |
| Commercial % of net worth | 0% |
| Core shares % of member funds | 80% |
| Certificates % of member funds | 18% |
| Average share balance | $6,256 |
| Participations bought / yr | $0 |
| Participations sold / yr | $0 |
| Participations outstanding | – |
| Loans outstanding per 100 members | 40% |
| Loans granted per 100 members, annualized | 12% |
| Average loan balance | $21,302 |
| Loans granted, annualized | $18.6M |

## Flags firing in the latest filing

- **delinquency rising** (`aq_dq_rising`)
- **members leaving** (`shrink_members`)
- **3rd-party paper>100% NW** (`str_thirdparty`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 0 |  |  |
| 2016-06 | 0 |  |  |
| 2016-09 | 0 |  |  |
| 2016-12 | 1 | net worth falling |  |
| 2017-03 | 1 |  |  |
| 2017-06 | 1 |  |  |
| 2017-09 | 4 | delinquency 2x band, delinquency rising, 3rd-party paper>100% NW |  |
| 2017-12 | 1 |  | net worth falling, delinquency 2x band, delinquency rising |
| 2018-03 | 3 | delinquency 2x band, delinquency rising |  |
| 2018-06 | 2 |  | delinquency 2x band |
| 2018-09 | 1 |  | delinquency rising |
| 2018-12 | 1 |  |  |
| 2019-03 | 1 |  |  |
| 2019-06 | 3 | net worth falling, loans>95% of shares |  |
| 2019-09 | 2 |  | net worth falling |
| 2019-12 | 1 |  | loans>95% of shares |
| 2020-03 | 2 | net worth falling |  |
| 2020-06 | 3 | margin squeeze |  |
| 2020-09 | 3 |  |  |
| 2020-12 | 1 |  | net worth falling, margin squeeze |
| 2021-03 | 4 | thin capital, margin squeeze, delinquency 2x band |  |
| 2021-06 | 2 |  | margin squeeze, delinquency 2x band |
| 2021-09 | 3 | delinquency 2x band, delinquency rising | thin capital |
| 2021-12 | 2 |  | delinquency rising |
| 2022-03 | 1 |  | delinquency 2x band |
| 2022-06 | 2 | net worth falling |  |
| 2022-09 | 2 | delinquency 2x band | net worth falling |
| 2022-12 | 2 |  |  |
| 2023-03 | 1 |  | delinquency 2x band |
| 2023-06 | 2 | loans>95% of shares |  |
| 2023-09 | 2 | delinquency 2x band | loans>95% of shares |
| 2023-12 | 2 | net worth falling | delinquency 2x band |
| 2024-03 | 2 | delinquency rising | net worth falling |
| 2024-06 | 2 | members leaving | delinquency rising |
| 2024-09 | 2 |  |  |
| 2024-12 | 3 | delinquency rising |  |

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

- 2026-07-09 [Mirage alum Erickson tapped to lead Proctor/Hermantown - Duluth News Tribune](https://news.google.com/rss/articles/CBMiogFBVV95cUxQQ1dZSFo5YUpkczV0MThoQkdMdmJrS3E0MmhOZEpQbzQtNGRpQ0Q5VUxPaUFvbURsdkl0TjZDREZWNU0yTXdrQS1aRUdMT2VtcjNlekFJU1RWNldhQzhHVlhoQllVRzVFLWdYTlJTdGNrY2I4STRpREkxdnRfdzdsWWMzVzRUQXB1eGx6d3VWWHdWTVZaMnA1ZDlQd1Z6MGJfUFE?oc=5) · Duluth News Tribune
- 2025-01-11 [Proctor Federal Credit Union merging with Centricity - BusinessNorth](https://news.google.com/rss/articles/CBMi4AFBVV95cUxQSWtjcjl2TlhFXzZwbFJWbU1abEw3Qms4WE9tRTlNQXBaYTdfdlB4OWp6NkE1SjMzUWRCZm5WeUZqUzNrRHV1THVwUWxCcDNtbDlNVlZEZHZ2WElpLU1ndHVBcDBxNFpLZEZWRVQ1bDk4OTJudGtCTTg1RHdiNnpnOU5zWHJ2eW1RYmdwd1dnZkdvYzVnQzNtSnlrbWVkZHZpQVRUaDI5R0NIeXExNEZhdDF0STYxMXVZaG42N3FMdTJwMVZ4Z2hEUFU0NzVaTXFtVGpCY0ZlZkhvc19ENGNINw?oc=5) · BusinessNorth
- 2022-08-19 [Mark Brostrom Obituary Aug 19, 2022 - Dougherty Funeral Home Duluth](https://news.google.com/rss/articles/CBMicEFVX3lxTE5UeGM0WU4zMlNyNWw2bGozN1NBeUZZZmQ4MXZtaFdjSHp0cTVpTUd5Szl6VFp4a2ZnTEhoaVJaUEFhQ0pUaUFRajNtVmlHd3BocnFqUEVkcHdWc1RfU2VWZXkxaTFuOEdtbWJIT3pDMDg?oc=5) · Dougherty Funeral Home Duluth
- 2022-10-10 [Scott Martin Toole Obituary October 10, 2022 - French Funerals & Cremations](https://news.google.com/rss/articles/CBMiY0FVX3lxTE5SM3cybmxEeUpUMzQyRTFnODVXa05vaWtkM1lRTDNwOERLRXZabUdoQXBmWFJIZzBXMjJ5QVVRT19SNEcxWmN3Tkc4SGNuVXdDaUV4WXdJdmZLRFVzZldnQ0xCZw?oc=5) · French Funerals & Cremations
- 2026-08-14 [Breckyn Tuhkanen - Strib Varsity](https://news.google.com/rss/articles/CBMimAFBVV95cUxQMV95c3JGWjVXd3E5TFBRRGhXcnVRQVJ4OTR2NXJhTjUzNlFYQ19reWUyejA3NTdJRHlBdXNIZVJzS1RZVDl6MmZXeVJuR3A1aF9WX3RyU3dpUjRNRjAtSFlvYVhKRXY3V0NVMTlPTm8xSjRicS1HMURUY2syYUlWRG84OXZFalczaEN2Z01nbzBkcHV2OFRXWA?oc=5) · Strib Varsity
- 2023-08-10 [The Minnesota Wilderness will have a temporary home to start its season - WDIO.com](https://news.google.com/rss/articles/CBMiogFBVV95cUxOTEhRVG1VNXpOLU9lV3lSQVVLWjZjMzNUS2t4aE96OFFPNXFKdVY2cXIxSHJ6LUxsaldyVS05TWVGYWZYeEkwUFR3dUR2Qzd4SkFXTFNLb2tWNUw4c0hXVWtUdjVZZDhxeGdvaFVzaUVDTEpNWkJxcl84UEp5TDBVbzgxT003eDV4OGFLTDlIb0h4T1poX281ZGhldlhrdmtWZ3c?oc=5) · WDIO.com
- 2023-09-19 [Northwoods Credit Union Arena resumes ice production - Pine Journal | Cloquet, Minnesota](https://news.google.com/rss/articles/CBMikAFBVV95cUxQd2FMSmJEejhXY2h4SVp1a0h2RHh5VzVjSEV2S2thYUE3NC1RVmRrb0ZIVVotTXBEOFNLbzNmT1BIMzlZS0NYT2tvYzZGQWtvakJhRFpUWGhjSnNNNU93a3ItdUNaa2dwRk5QaXd4X25paGpyQndpUF9XaDhuNTFmdW5hNVUzbi1JZDd1Yl95WXo?oc=5) · Pine Journal | Cloquet, Minnesota
- 2024-09-26 [James Charles Parmeter - Duluth News Tribune](https://news.google.com/rss/articles/CBMiwAFBVV95cUxPZERqZUZjTVgtdmx1N0hwaFczTmFkRUhvbExpOENnRnVFS19LMGp5eVhyU1dQa3dNdFk5YTFNTGRVRXVDUWZxRTVZeHI0bHhySU9VOXBjaWVCMFhMSGVtNUxzZmFEMkN6VzFNd1I1c0VqZlVLWEZ6NHpWT0NtVERKdlhKQ1A1ZHpBbml4OHBPUHJlemdiLU03R2c5aVZSQW9Tc05kdEFtYV90em1UeElHMThIUTBVd3VVTmpPaVdqMl8?oc=5) · Duluth News Tribune

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=19960 (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/56.json (key "19960", 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=19960
- 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