# MID MINNESOTA
Baxter, MN · NCUA charter 20194 · asset band $500M-1B · latest filing 2026-03 · live
Share link (named URL with a preview card): https://getbookiq.com/cu/mid-minnesota-20194

Who the members are: federal charter, community charter, organized 1970. 67,210 members of 329,417 potential (20.4% of the field); checking penetration 155% (share draft accounts per 100 members); loans per 100 members 52.

**Verdict on the desk:** this could be *indirect buyer*. Composite score 1 of 18 (one point per flag across 17 flags, capital below 7% counted twice).

## What the filing shows

| Measure | Value |
|---|---|
| Total assets | $833.9M |
| Members | 67,210 (4.3% YoY) |
| Full-time staff | 178 |
| Net worth | $77.1M |
| Net worth ratio | 9.3% (p25 of band) |
| ROA (annualized) | 1.10% (p78 of band) |
| Total delinquency | 0.39% (p29 of band) |
| Net charge-offs (annualized) | 0.31% (p39 of band) |
| Loans / shares | 92% (p84 of band) |
| Cash / assets | 12.3% |
| Borrowings / assets | 0.24% |
| Net interest margin | 3.85% (p76 of band) |
| Operating expense / assets | 4.34% (p83 of band) |
| Vehicles % of loans | 57% (p94 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 84% |
| Third-party paper % of net worth | 478% (p98 of band) |
| Vehicle delinquency | 0.47% (p40 of band) |
| Vehicle NCO | 0.49% (p30 of band) |
| Repossessed % of vehicle book | 0.13% (p72 of band) |
| Real estate % of loans | 22% |
| Credit cards % of loans | 2% |
| Unsecured % of loans | 3% |
| Commercial % of net worth | 79% |
| Core shares % of member funds | 60% |
| Certificates % of member funds | 29% |
| Average share balance | $5,795 |
| Participations bought / yr | $0 |
| Participations sold / yr | $0 |
| Participations outstanding | $16.4M |
| Loans outstanding per 100 members | 52% |
| Loans granted per 100 members, annualized | 16% |
| Average loan balance | $19,648 |
| Loans granted, annualized | $308.4M |

## Participation posture (from the same filings)

Bought $0 and sold $0 in the latest annualized quarter; $16.4M outstanding purchased (21.2% of net worth), $1.8M sold and retained. Sold in 3 and bought in 4 of the last 8 quarters. Shares 7.5% year over year.

## Flags firing in the latest filing

- **3rd-party paper>100% NW** (`str_thirdparty`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 2 | expense trap, 3rd-party paper>100% NW |  |
| 2016-06 | 3 | loans>95% of shares |  |
| 2016-09 | 4 | net worth falling |  |
| 2016-12 | 4 |  |  |
| 2017-03 | 4 |  |  |
| 2017-06 | 4 |  |  |
| 2017-09 | 3 |  | net worth falling |
| 2017-12 | 3 |  |  |
| 2018-03 | 4 | net worth falling |  |
| 2018-06 | 3 |  | net worth falling |
| 2018-09 | 3 |  |  |
| 2018-12 | 3 |  |  |
| 2019-03 | 3 |  |  |
| 2019-06 | 4 | net worth falling |  |
| 2019-09 | 3 |  | net worth falling |
| 2019-12 | 3 |  |  |
| 2020-03 | 5 | thin capital, net worth falling, repo signal | loans>95% of shares |
| 2020-06 | 4 |  | repo signal |
| 2020-09 | 4 |  |  |
| 2020-12 | 5 | margin squeeze, repo signal | net worth falling |
| 2021-03 | 4 |  | expense trap |
| 2021-06 | 3 | expense trap | margin squeeze, repo signal |
| 2021-09 | 2 |  | expense trap |
| 2021-12 | 2 |  |  |
| 2022-03 | 2 |  |  |
| 2022-06 | 2 |  |  |
| 2022-09 | 3 | repo signal |  |
| 2022-12 | 1 |  | thin capital, repo signal |
| 2023-03 | 4 | thin capital, repo signal, auto monoline |  |
| 2023-06 | 3 | net worth falling | repo signal, auto monoline |
| 2023-09 | 3 |  |  |
| 2023-12 | 4 | repo signal, auto monoline | net worth falling |
| 2024-03 | 3 |  | auto monoline |
| 2024-06 | 2 |  | repo signal |
| 2024-09 | 2 |  |  |
| 2024-12 | 1 |  | thin capital |
| 2025-03 | 1 |  |  |
| 2025-06 | 1 |  |  |
| 2025-09 | 1 |  |  |
| 2025-12 | 1 |  |  |
| 2026-03 | 1 |  |  |

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

- 2026-07-02 [MMFCU announces agreement to purchase Unity Bank’s Clarissa branch - Brainerd Dispatch](https://news.google.com/rss/articles/CBMirgFBVV95cUxPb0RjWEprMXdHeXJsOFVLTUI1cVR2YlZxQ1lYZkpBNFVsejhFN21nUENkRnpWa1MyZW5DZ0NjY3R0ZGhLSU41U0ZFZkVVTmUyellCNUdBejl4V0NyMmVPVlpPV011VE53XzRRUFdiYjM4d1JyN1A1UnlobWNWcjlabHJfYkxCMmJEMDRwMHpwZ2Y4aUxhY0R6SmkxVzdzVnFUZEtoQjBsWW1DV2NLNWc?oc=5) · Brainerd Dispatch
- 2026-06-05 [Tech recycling event offers disposal of personal devices - Brainerd Dispatch](https://news.google.com/rss/articles/CBMiogFBVV95cUxNcWtzVGFQVDR0QlpmaFpiREtXRmNDVnhTcnJjQTJXMHlHVzVLTTZBYWl1aU1IVjNvb0w2enIxVzFSU3UwQ3hHdjhwUkZIenNCUVRuclBidDFXR1p1V01iRnhja3p2UnlMM2hzRDRSVk9BVDlneWVOUzJkb2owVmp3OTFGSEp3VmVfTlBSTV8yUWJiQ01INGhsVjlfTUdDeVZvY0E?oc=5) · Brainerd Dispatch
- 2021-02-15 [Mid Minnesota Federal Credit Union announces staff restructuring, promotions - Detroit Lakes Tribune](https://news.google.com/rss/articles/CBMirwFBVV95cUxOR2tlenNqRmhEa1hEcDQwSi1QbXdmZ3lnSWRKcGJtR0c3SDZFbnoyX01uaXFBS3pQMThIS2NrT3ZEU2pnLXRyV0c1WTNheW9XeXNVN0NVcko3YnExWTMwVEtnNngtSVdHSTFoYk5iRk5zbjNuV3hEMzVPR3p1SHc2elVrem1xTkJYV3Q4Y3dTTk1JQTRCZUxzaHowbmctMUNmdkpucm00S2VhblBOX2ln?oc=5) · Detroit Lakes Tribune
- 2026-02-12 [4 sentenced for bank fraud scheme in Crow Wing County - Brainerd Dispatch](https://news.google.com/rss/articles/CBMingFBVV95cUxOeDh5RF95eWwtcXJyMzNiZWVJQlhoRlJRQVBxVUFOcjJXQTcteUNrV0VjSFVidmNDWnJLcXRGRjMzRnZjdlRKejlwWDhNSE1TR3NLQ0ZLLTd2YmNoQUp6NHppa2VKZUtfczFsak1RWTROT0dDU0NhUDlzdkhjYnBTV1dxRno4ME9QaXdIb0QzV1lYY0lHV01uX0JjZy1Ddw?oc=5) · Brainerd Dispatch
- 2024-07-30 [Simon Waltman Obituary Jul 30, 2024 - Emblom Brenny Funeral Service](https://news.google.com/rss/articles/CBMibEFVX3lxTE9ja2NOLXh0d1lSMmlHLW11cnlZRFlvQnZnT29lc0xXcXlDUmh0bFhIVkhmVHhSaFQwUjU2Z29LUFBTZTFabTNXZmgzdHp0Q3BSSzlSWFJWZFZYVzJZZ3VMamNMdGNCTmZ0WXpLbA?oc=5) · Emblom Brenny Funeral Service
- 2019-03-14 [MMFCU VP of Training and Community Relations named - Detroit Lakes Tribune](https://news.google.com/rss/articles/CBMijgFBVV95cUxNYnNHTTMxZl93N1hQMkNhQ0lyVko4c1R2djQ1aDZqS0c5djdZNnVuMmVwWGNpdlg4Y1cwQ2s5bmJ4YWV2dlhkcHFNc1VrOEI0TkR3Wnl6VTVHel9Pb1YtUlMtYlA2WWUxS3p1dmhvOWkxMjJnaFBId214QVRkTnYwNzdwUEV4NnR6MldOd05B?oc=5) · Detroit Lakes Tribune
- 2022-04-25 [James "Jim" Sylvester Obituary Apr 25, 2022 - Emblom Brenny Funeral Service](https://news.google.com/rss/articles/CBMidEFVX3lxTE9sVXltZ2JLY0lFZHFJdndQTzlqVlhJdWlnTGlxYkhmMm13S2ZnOWR6M0dOb2xvRU9wOWxXOUU2YUtGQzdLbEpSZllZZ0hLUy0zOWFDaUx3dHV0cl9fdHR6TmVkUlpSRnRSZDZxYU8zSTMtQ3FV?oc=5) · Emblom Brenny Funeral Service
- 2026-05-15 [Biz Buzz: Projects move closer to building permits - Brainerd Dispatch](https://news.google.com/rss/articles/CBMimAFBVV95cUxPSXNPVDlGQjl1SEJFbzJBdktvOXh5ZGFMc1hNYnlyNXV4cjlIdm1nQmdibjhOQ0I5dnhQUnd2M0ZqZWc5R2lKNm01d1RuY2FORHA0ZmVSRDU2dG43T1RDbDM3cjFISC1kQVV5cnVaS3hDZFpSdDNxdmZpTWtoMWpuM0lQczhWODlYYkxoVXRKeU4yUTAyR1F3Sg?oc=5) · Brainerd Dispatch

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=20194 (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/34.json (key "20194", 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=20194
- 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