# AFFINITY PLUS
Saint Paul, MN · NCUA charter 24362 · asset band $1-10B · latest filing 2026-03 · live
Share link (named URL with a preview card): https://getbookiq.com/cu/affinity-plus-24362

Who the members are: federal charter, multiple common bond, organized 1934, low-income designated. 298,790 members of 5,737,915 potential (5.2% of the field); checking penetration 80% (share draft accounts per 100 members); loans per 100 members 71.

**Verdict on the desk:** this could be *participation buyer*. 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 | $5.05B |
| Members | 298,790 (5.8% YoY) |
| Full-time staff | 592 |
| Net worth | $426.7M |
| Net worth ratio | 8.4% (p7 of band) |
| ROA (annualized) | 1.05% (p78 of band) |
| Total delinquency | 0.56% (p45 of band) |
| Net charge-offs (annualized) | 0.58% (p57 of band) |
| Loans / shares | 88% (p55 of band) |
| Cash / assets | 13.2% |
| Borrowings / assets | 5.28% |
| Net interest margin | 3.40% (p55 of band) |
| Operating expense / assets | 2.98% (p37 of band) |
| Vehicles % of loans | 29% (p57 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 30% |
| Third-party paper % of net worth | 180% (p63 of band) |
| Vehicle delinquency | 0.76% (p63 of band) |
| Vehicle NCO | 0.78% (p37 of band) |
| Repossessed % of vehicle book | 0.03% (p33 of band) |
| Real estate % of loans | 49% |
| Credit cards % of loans | 7% |
| Unsecured % of loans | 11% |
| Commercial % of net worth | 17% |
| Core shares % of member funds | 45% |
| Certificates % of member funds | 21% |
| Average share balance | $6,176 |
| Participations bought / yr | $593.1M |
| Participations sold / yr | $0 |
| Participations outstanding | $686.4M |
| Loans outstanding per 100 members | 71% |
| Loans granted per 100 members, annualized | 22% |
| Average loan balance | $17,857 |
| Loans granted, annualized | $1.51B |

## Participation posture (from the same filings)

Bought $593.1M and sold $0 in the latest annualized quarter; $686.4M outstanding purchased (160.8% of net worth), $2.7M sold and retained. Sold in 0 and bought in 7 of the last 8 quarters. Shares 9.1% year over year.

## Flags firing in the latest filing

- **thin capital** (`cap_low`)
- **net worth falling** (`cap_falling`)
- **leaning on borrowings** (`str_borrowings`)
- **3rd-party paper>100% NW** (`str_thirdparty`)

## Warning timeline

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

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

- 2026-09-08 [Affinity Plus credit union to launch second Rochester branch - Post Bulletin](https://news.google.com/rss/articles/CBMinwFBVV95cUxPeVlJZkM5ZjZtanpobmQ5aG1iSnZYTE9GSDhrdFJBRkFSUmFubXA4UDJpLUdCY2hSUG9sX2hMZWlBQzhJMlpoMnNGbGtVQVVNLXpKSzZ6TXNxM1FQaG41MU44Z2MzYnlZaHRSQzFFQTVWanhsU2JVZzJoUHczQzZyVHdEc0hha1c3VVVhSXZPRFJYUnJXRWJuNnJXOGxCZkE?oc=5) · Post Bulletin
- 2026-07-16 [Affinity Plus opens new upgraded branch in Albert Lea - CUInsight](https://news.google.com/rss/articles/CBMimgFBVV95cUxNMWh6RFhySTRQQWh0VkRIX19uSVBTb3RFZEFxVE9jNG0wMGZjb2s4MjZobDZZNnVRckV1eFN0dzhOLUVZR09QVUdsa0ZlUFloSHJwX1h6eFZJYTlOeHRiMTQ4SDROUGNoVDVTbG90Qi1oUHZJMlI3ZlhBbWhnMXNZWTlUS1RKX012VVhCaWl0VGY1dUZkaWM5SmZn?oc=5) · CUInsight
- 2026-01-15 [How Unusual Was Blaze Credit Union’s Data Breach? - Twin Cities Business](https://news.google.com/rss/articles/CBMidkFVX3lxTFBXYTZyM2dKd1pmTFNWVFJkMVN1MHJvVk1ib2VBSUlONzNGUlJzOUlSTHBoN2lpRTFkZkpzXzhYMEtublJINkdVdkwwZ1BTU1RxZUpzZk55eGsyVWJWOUVPZU84THp5Tk9aRGlFOFdNMkd3cmkwR1E?oc=5) · Twin Cities Business
- 2026-06-17 [Finding Calm in the Crowd: The Joy Zone at the 2026 Special Olympics USA Games - Star Tribune](https://news.google.com/rss/articles/CBMitgFBVV95cUxQcVBXdERyNW5rbHFYSEZsSEx4TElYNU14dWw3QWFRaTlEaV9WM1lCMjltYmVlOG1hdFZPLVdiQThBcGd5YWpZczVLRnpIV0dwWTU4NFFBZWRIckN1blczNzgzWUd2ZTZ5Z0EyS2hrMXFrdWdma3lHRWhEYWdHeHR6TmNtNDhVUDAyRURNWlhqUFB1TVpTR0JXZGF4cGdIQTZ0N1hsQ1UyVmtxVGxOWUt6RkNQTzQ3QQ?oc=5) · Star Tribune
- 2025-10-20 [‘A branch that we can call our own’: Affinity Plus Federal C... - Albert Lea Tribune](https://news.google.com/rss/articles/CBMiowFBVV95cUxPeXFMTXpQTE12NmktTHllVk85QVpSNVhqT0NKYnlZRkEwZVB6TjFCankyVXpPMlEwcEpNZ0JTMkg1NndwLXNHY2tSR0FfajdJd1o2MDJ2dXZBQ01vWnpBbFRfWmpFYTZBX2NYQlNIYzFYTW5QR2hjNUNCNW1BSER5SjNtVExWMUxIQ1lGNFdKTFhYakQybjY5SjVqUl9NVlpDcU1R?oc=5) · Albert Lea Tribune
- 2025-11-07 [Leadership change: John Carlson exits Rochester Public Schools - kimt.com](https://news.google.com/rss/articles/CBMi0wFBVV95cUxQUTYtcW80Ui1PT1FQd0dyS2lEY082RGZ3VmFRdmZMRWFnazJFdlgwaENuNUdrS3pKeEp5T2FKMExqUVJ1eGh1SkEyTTdmMUdrT2x4Mm5HcXNka1R2cldjc2ZleHRJOVZjVDlRZnhMU3JYXzFoekNpUFJucmZSdldKcFNCS0x0d243VnNCZmpMWGVlRGZoZlk1cENHOFkwOElGOHFnSm1PTHZzX1Q4WWVsaDkyM1NNLVR2Q3J1cWJic2IxWjQ1QlZuTkFTWGFzVXJxU3Fv?oc=5) · kimt.com
- 2025-06-07 [Affinity Plus Federal Credit Union to merge with Albert Lea’s CCEFCU - kttc.com](https://news.google.com/rss/articles/CBMingFBVV95cUxNT0J4dUY3d1V0VzZnbk1IVVoxemQ0UWpVcWdkMXZ2VklST24xVHBYNXVFLTJha2FFUjRLVS1VNlkzeURrdmk4czcteUxCZURWR0lNa25xZ1RPUzFaQTVTa0FyblM2bFR1RmNacWV3bElUWHViRXFrNWdFdFpQR1RMMldpY1VuNkt1Zk1hT2ZiLTBOV0Fmd1RzdGxmUnZ3dw?oc=5) · kttc.com
- 2025-01-20 [Affinity Plus Federal Credit Union Sees Big Impact with Pindrop - Pindrop](https://news.google.com/rss/articles/CBMiakFVX3lxTE5lTEE2cGt5Ri0tcnJ3aDl5TXdJODJhRE1DUkZSUXo0bExSdGlqVFozem5kTkk0R1UtaklCQzRHU1ZJSExmbVd2b1hzVHRRWDJBWGJzdzBrOXVUVnRaUVNZcHl5eGZIY05WUlE?oc=5) · Pindrop

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=24362 (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/42.json (key "24362", 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=24362
- 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