# FIREFLY
BURNSVILLE, MN · NCUA charter 24297 · asset band $1-10B · latest filing 2020-09 · stopped filing after 2020-09 (departed; for a credit union that is almost always a merger)
Share link (named URL with a preview card): https://getbookiq.com/cu/firefly-24297

Who the members are: federal charter, community charter, organized 1971. 84,855 members of 3,200,000 potential (2.6% of the field); checking penetration 71% (share draft accounts per 100 members); loans per 100 members 92.

**Verdict on the desk:** this could be *ordinary*. 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 | $1.56B |
| Members | 84,855 (1.9% YoY) |
| Full-time staff | 232 |
| Net worth | $145.9M |
| Net worth ratio | 9.3% (p34 of band) |
| ROA (annualized) | 0.64% (p51 of band) |
| Total delinquency | 0.38% (p55 of band) |
| Net charge-offs (annualized) | 0.36% (p62 of band) |
| Loans / shares | 85% (p63 of band) |
| Cash / assets | 11.1% |
| Borrowings / assets | 0.00% |
| Net interest margin | 2.84% (p73 of band) |
| Operating expense / assets | 2.52% (p29 of band) |
| Vehicles % of loans | 26% (p33 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 46% |
| Third-party paper % of net worth | 98% (p39 of band) |
| Vehicle delinquency | 0.66% (p86 of band) |
| Vehicle NCO | 0.71% (p70 of band) |
| Repossessed % of vehicle book | 0.04% (p59 of band) |
| Real estate % of loans | 58% |
| Credit cards % of loans | 5% |
| Unsecured % of loans | 7% |
| Commercial % of net worth | 100% |
| Core shares % of member funds | 52% |
| Certificates % of member funds | 23% |
| Average share balance | $6,551 |
| Participations bought / yr | $2.7M |
| Participations sold / yr | $0 |
| Participations outstanding | – |
| Loans outstanding per 100 members | 92% |
| Loans granted per 100 members, annualized | 46% |
| Average loan balance | $15,160 |
| Loans granted, annualized | $433.6M |

## Flags firing in the latest filing

- **net worth falling** (`cap_falling`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 1 | 3rd-party paper>100% NW |  |
| 2016-06 | 1 |  |  |
| 2016-09 | 1 |  |  |
| 2016-12 | 2 | net worth falling |  |
| 2017-03 | 2 |  |  |
| 2017-06 | 1 |  | net worth falling |
| 2017-09 | 1 |  |  |
| 2017-12 | 1 |  |  |
| 2018-03 | 1 |  |  |
| 2018-06 | 1 |  |  |
| 2018-09 | 1 |  |  |
| 2018-12 | 2 | loans>95% of shares |  |
| 2019-03 | 1 |  | loans>95% of shares |
| 2019-06 | 2 | loans>95% of shares |  |
| 2019-09 | 3 | delinquency rising |  |
| 2019-12 | 2 |  | delinquency rising |
| 2020-03 | 1 |  | loans>95% of shares |
| 2020-06 | 2 | net worth falling |  |
| 2020-09 | 1 |  | 3rd-party paper>100% NW |

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

- 2020-05-06 [Firefly and TruStone Announce Merger Plans - Twin Cities Business](https://news.google.com/rss/articles/CBMib0FVX3lxTE1xRVp2YnZ3NmVGdm9DN2ZoZkhYY3g3bDZtRDh5LUxBX25mZ0pZSnpnU0lKNXJZYVRMMmliNzdKVTFnV1d6MnozMnlWTXdvMWhKN3dfTm42bktqWnEtVnJhX2cwVGVGYXJYREJJMmhMdw?oc=5) · Twin Cities Business
- 2025-12-19 [Members Cooperative Credit Union welcomes industry veteran Marty Kelly - MessageMedia.co](https://news.google.com/rss/articles/CBMi_gFBVV95cUxOV3o4QVJzREMweXdUVHE5T2h0TFo4MTdVNkZGNV9RQTlteUpRdnpIY2cwcEtCNURybUxES19Uel9FcGVrVkxrSlQ5c1I1b1lDZUdTMFQyUUlwSVBYRjhnalRjaGVFSGxfVVoydGtsTUEtazkwdVFvMzZBMkRnVFR4U283eEFhdG5nLU83UllsRnB2Q3hraWJhRnRGdGtMX29qZVVUUWozdWl0VXdFOGZMM0pzZk5nYkE2TGxtT28wU3U2dm55U2pNOUFDNml2SUNCXzFqeTI2Uk8yNGtpQURwbk9EdDVIY0ZnRUlDaGxtOGtILXpvaHNqX0owZHFWUQ?oc=5) · MessageMedia.co
- 2021-03-04 [TruStone/Firefly credit union members left frustrated by glitches after merger - The Business Journals](https://news.google.com/rss/articles/CBMirwFBVV95cUxPazRCMmZaUUVvZlF0d2FwdThZUE5XMkNQb3hmcG1BX0ZqODVucXZKeGZ3SjE2YTdhQkZwWTlQU0VmYzdZcFcyMDJWazZRZ2J3LVNqWHlxOEVBX05nc3BFOEN2MHZoYjZzVUd1anhQdnoyYVgwQ2ZMb0p6azRRVGVlaU9CMXZUU2VBbmJqS2NsSi1FN3dsZGZMb1ZPcUhDTmU1cHhDZTFVeVRHMU9CT1gw?oc=5) · The Business Journals
- 2020-12-29 [TruStone Financial Credit Union and Firefly Credit Union Merger Approved - GlobeNewswire](https://news.google.com/rss/articles/CBMi3AFBVV95cUxPY3NJNkh3REpLekxMR2lFLW5EMW9PNWEtUTFEbzZ3dzZUR1NNTklKM0V3bDJUQ1Z4V204SmlUVkZ4cXNwYVgwNDFITzJnRE9nTlFTWHBSU1cwWlctelE5dDRLdWsycm44T2t2Nk5wdThzQ2ZQelFOZXdiSDdKUTR2ak52RkVJZmZlbmM4SURHTGdDdGJzV2Q5M3czNHBZMGVCSTR0d2VPcE9waVB0aDBfaElfXy1iNEYwNl8wb01MRTZzVEFsaEUzMnZaYU55cGhkU2RvNHVIWXE5WVpF?oc=5) · GlobeNewswire
- 2022-03-20 [Firefly Credit Union® names Jake Asmussen Assistant Manager of Consumer Underwriting - CUInsight](https://news.google.com/rss/articles/CBMiwgFBVV95cUxPZ0JCb2RIYWhkdU8yRDJQdU9hNVpNUGx5RXZfSTN1d0F2U3dpX1dNQnlmSkdEM0V4RXM0OHRLMlFpUktZMXZUNUJ2OFNONVg1ejQzR2xDSXJjS2luMXRONUdCRGQtZ2hmYUNfZWR6aUNkaEJpMzVkUGh3V0pSZ0U2Q1BsbzltZTRyNVNEakgzOHNNd0FpMEZBenBLYW1XVWN6QUpGWUFkRWVpR1psSU91VG1mckl0MGlyeVNaSWZRejZkZw?oc=5) · CUInsight
- 2018-06-18 [Fridley police seek public’s help identifying bank robber - Pioneer Press](https://news.google.com/rss/articles/CBMimwFBVV95cUxQbmphTDJBcm1fcUVSbGljMmZYRzk0RHA4M3luNkdQOXV1M2YyZTZvRlBNSFd2Q04ydk9rTUVvbngtdGJhekpMLVNuWUJQQm52VlFveVpETjA5a0d1SkZ2SjVBQldUa0tDNTBSZUlaeHpjQzdaeDMzTHFHd3JzY0lWbmFqZFMyWXJjWUlwanFyajNlbUc0NGFNV1NXMA?oc=5) · Pioneer Press
- 2024-08-14 [Philip Young - Twin Cities Business](https://news.google.com/rss/articles/CBMiVEFVX3lxTE1wZXloTm5ENnpjUzVYMmhybEVlNDVPN01ibFhzMkh2VlFwelFaXzl3bHRwTVBBWFUyelZ0NmVEVlNSeDJKeUhBQV83Y3F3R0hSR0lPVw?oc=5) · Twin Cities Business
- 2018-02-06 [Brooklyn Park dad dreams up line of credit to help families adopt - startribune.com](https://news.google.com/rss/articles/CBMipgFBVV95cUxQZk40anNrS1JZM2ZUTDJtbXl3Z1dZTmtiOVlrU09CMk80LThMSzhqWnBCay1vcWl3ODZVNF9HdTNZS0ZsYUtXMzVIam5FeWtDc3pmVC1ZZGV5RV9GNGRaWjJkdGs1cmhZT0Y1ZXdCbXVuS3V2VnRJYVpTSUVSVUl6X3lUZFdPS3lYVzBSakF1NW5BNks4Vy1qNHh3UWNnQ3FkMUttVXlR?oc=5) · startribune.com

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=24297 (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/41.json (key "24297", 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=24297
- 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.

---
Rendered 2026-09-10 from the desks' own data files. Full guide: https://getbookiq.com/guide