# SOUTH METRO
PRIOR LAKE, MN · NCUA charter 24482 · asset band $100-200M · latest filing 2026-03 · live
Share link (named URL with a preview card): https://getbookiq.com/cu/south-metro-24482

Who the members are: federal charter, community charter, organized 1993. 6,068 members of 1,543,168 potential (0.4% of the field); checking penetration 64% (share draft accounts per 100 members); loans per 100 members 68.

**Verdict on the desk:** this could be *ordinary*. Composite score 2 of 18 (one point per flag across 17 flags, capital below 7% counted twice).

## What the filing shows

| Measure | Value |
|---|---|
| Total assets | $183.4M |
| Members | 6,068 (22.4% YoY) |
| Full-time staff | 40 |
| Net worth | $15.0M |
| Net worth ratio | 8.2% (p6 of band) |
| ROA (annualized) | 0.12% (p14 of band) |
| Total delinquency | 0.21% (p16 of band) |
| Net charge-offs (annualized) | 0.47% (p64 of band) |
| Loans / shares | 76% (p63 of band) |
| Cash / assets | 11.7% |
| Borrowings / assets | 0.00% |
| Net interest margin | 3.64% (p48 of band) |
| Operating expense / assets | 5.17% (p89 of band) |
| Vehicles % of loans | 28% (p34 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 17% |
| Third-party paper % of net worth | 59% (p59 of band) |
| Vehicle delinquency | 0.22% (p24 of band) |
| Vehicle NCO | 1.83% (p90 of band) |
| Repossessed % of vehicle book | 0.00% (p32 of band) |
| Real estate % of loans | 40% |
| Credit cards % of loans | 1% |
| Unsecured % of loans | 4% |
| Commercial % of net worth | 73% |
| Core shares % of member funds | 67% |
| Certificates % of member funds | 19% |
| Average share balance | $15,981 |
| Participations bought / yr | $4.0M |
| Participations sold / yr | $0 |
| Participations outstanding | $29.4M |
| Loans outstanding per 100 members | 68% |
| Loans granted per 100 members, annualized | 21% |
| Average loan balance | $31,685 |
| Loans granted, annualized | $60.0M |

## Participation posture (from the same filings)

Bought $4.0M and sold $0 in the latest annualized quarter; $29.4M outstanding purchased (196.2% of net worth), $0 sold and retained. Sold in 0 and bought in 3 of the last 8 quarters. Shares 8.9% year over year.

## Flags firing in the latest filing

- **thin capital** (`cap_low`)
- **net worth falling** (`cap_falling`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 0 |  |  |
| 2016-06 | 0 |  |  |
| 2016-09 | 1 | net worth falling |  |
| 2016-12 | 0 |  | net worth falling |
| 2017-03 | 1 | members leaving |  |
| 2017-06 | 1 |  |  |
| 2017-09 | 0 |  | members leaving |
| 2017-12 | 2 | delinquency rising, leaning on borrowings |  |
| 2018-03 | 2 | expense trap | leaning on borrowings |
| 2018-06 | 1 |  | expense trap |
| 2018-09 | 2 | expense trap |  |
| 2018-12 | 2 | 3rd-party paper>100% NW | delinquency rising |
| 2019-03 | 2 |  |  |
| 2019-06 | 2 |  |  |
| 2019-09 | 1 | net worth falling | expense trap, 3rd-party paper>100% NW |
| 2019-12 | 1 | delinquency rising | net worth falling |
| 2020-03 | 1 | expense trap | delinquency rising |
| 2020-06 | 3 | thin capital, margin squeeze, delinquency rising | expense trap |
| 2020-09 | 3 | net worth falling | delinquency rising |
| 2020-12 | 3 |  |  |
| 2021-03 | 2 |  | net worth falling |
| 2021-06 | 2 | 3rd-party paper>100% NW | margin squeeze |
| 2021-09 | 5 | delinquency rising, loan book shrinking, leaning on borrowings |  |
| 2021-12 | 3 | net worth falling | 3rd-party paper>100% NW, loan book shrinking, leaning on borrowings |
| 2022-03 | 1 |  | delinquency rising, net worth falling |
| 2022-06 | 1 |  |  |
| 2022-09 | 2 | leaning on borrowings |  |
| 2022-12 | 1 |  | leaning on borrowings |
| 2023-03 | 3 | delinquency rising, leaning on borrowings |  |
| 2023-06 | 3 | assets shrinking | leaning on borrowings |
| 2023-09 | 3 | leaning on borrowings | thin capital |
| 2023-12 | 3 |  |  |
| 2024-03 | 4 | thin capital, net worth falling, losing money | delinquency rising, assets shrinking |
| 2024-06 | 3 |  | losing money |
| 2024-09 | 2 |  | net worth falling |
| 2024-12 | 1 | losing money | leaning on borrowings, thin capital |
| 2025-03 | 2 | charge-offs p90 |  |
| 2025-06 | 4 | thin capital, net worth falling, delinquency rising | charge-offs p90 |
| 2025-09 | 2 | assets shrinking | thin capital, net worth falling, delinquency rising |
| 2025-12 | 2 | thin capital | assets shrinking |
| 2026-03 | 2 | net worth falling | losing money |

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

- 2026-08-27 [Locals gather to give back to veterans - hometownsource.com](https://news.google.com/rss/articles/CBMi6wFBVV95cUxPWUhMWHY2dFB4ZEV6Y1JrWm9UVmM4ZkJZd0hBaFFibERlUXFCTjNWdnVLcXZyOU41LWFQWDJtTUs1Yk9qS1hVMlczcFFaX0RlcVJpWG52S041dWJpWXRFT2o2NjdhX3EzOXJmdV9JeFZpb01TRXF1bzk1WFdnNzBUSnpCZHYtMHlZNGpWXzJLR2UwX2pwelFCMFVvbm9yd1YtRUNRYV81RVdsbDdxMHZDYTdpeFJOQkFLUUlqUW5HdkwzMjctcHU5Wko2YnFETUZLTnVpTjhRU1Y1WjVvMHdER18zWExZMmZMb1JB?oc=5) · hometownsource.com
- 2013-03-29 [Mary M. Peterson Obituary Mar 29, 2013 - Ballard-Sunder Funeral & Cremation](https://news.google.com/rss/articles/CBMicEFVX3lxTE9OWC1ubm1oUEZ1T2NfTG9ISENfOUJaNHVOQW5YT0tfcDdMakpBMTBNbWNTdEVfZ040VzljaDFPOG5zZDlnMVVjSHFwSm92UjBiOXptbHVXZDBlODlDWTBxWUFsQk50RE04T29yaWlmLU0?oc=5) · Ballard-Sunder Funeral & Cremation
- 2024-06-27 [Cannabis could be boon for Minnesota banks, but red tape looms - Minneapolis / St. Paul Business Journal - The Business Journals](https://news.google.com/rss/articles/CBMirgFBVV95cUxPb0NWYUFFakJLb0JWYUJNd21KbUQzVlQ0Q0dHWEpFdmFsOFRqYUNadmhWd29yWVJuR2ZlQzVnN1ZtQmhVaHBQTGc1U2RDMUp3ZFJyTEY1UjF3ZHY0bVg1aTdjRDRFVmJ0bW90RWt1MjkwR1BuampiV2tMckgzT2hkUDZoVHlQTmFVTi1nT1JsSExsNDZVQXB5dzh1TmNBTFhfTGRGOWRkUGZCUkE4OHc?oc=5) · The Business Journals
- 2025-08-13 [Prior Lake in the Past: August 11 – 17 - plnewscompass.org](https://news.google.com/rss/articles/CBMifEFVX3lxTFBaTWdIU1o1NHlVWlpnSlY1NDU3OHVnNVZjajRBVm1uV0hQWUk3ckxUeVdqaWpkWGxFUnlZWnZVVG5yZUlTd1dOZGZMbXNpSGV0MGRDcUtibkYteFBHZEY5MHMzUGluR285Zk1jT2JKMV9NbWFHSHRlenk3ZlM?oc=5) · plnewscompass.org
- 2026-06-16 [Money starts pouring into race to replace Rep. Angie Craig - startribune.com](https://news.google.com/rss/articles/CBMirwFBVV95cUxNU0tGUjM3T0lDMWh4STFBVHlxMkJHc09LeGp5QUtlYi1uR2pvd3gyWnQtZTZDQnh1ZUhLOUFhUU9OMnNGVHBiNUstc3FkSnNTek5NLVpONWI4c0ZGdFFCUUdkd3pDWERFUG53M2tLdHFfN1Q3LXRncDRYNFM4cHREU1cxSmcxRWhPMjR4dGp6VHhiblNjV0JJTklySjNNTGVGZVg2cndyZFVJSWhNSEVZ?oc=5) · startribune.com
- 2024-06-18 [Shakopee Mdewakanton Sioux weighs weed dispensary in Prior Lake - The Business Journals](https://news.google.com/rss/articles/CBMipwFBVV95cUxNSlpHaExXRldSWkQwMnpIM0tpQ2ZlazIxbzZuUFZ1MHFieDdYaHRyNW4tX19NTl9pZ2xfakhXcFpVdVNfRlB2dVVtaWdUb3lHemJpcTYycWQzXzBURE9NWHBJLTVTemU0NnZNbTBDNFBBWDVsUm5zMG9uMzlYaC1nQ3Y4eWZKSTZkQWlrZnFPdlpXYkx4VGtqTF9aZTNpN0ZsV0phNEIzaw?oc=5) · The Business Journals
- 2010-08-24 [Organic food store will open beside Mystic Lake Casino - Finance & Commerce](https://news.google.com/rss/articles/CBMilwFBVV95cUxPU0pTY1ZQcURlVlJoUF85eTczVzlFUTlBQ1lSbElXeTlMU3o1czYyaWlRc1Z2eUtCaTg3bGJ5bmhjdC0xS1BkOXNPWGc2LWxWa0Z6YmNOa21kLXhkSDZoakJqZXVoZVZJZ3dCc05xT3N1WkEzODlTQjBZc0dJeXljR2g2eFpGTkROeTFucm50ck1oNHFHb1pZ?oc=5) · Finance & Commerce
- 2022-04-05 [Empty Bowls 2022 rallies community to fight local hunger - hometownsource.com](https://news.google.com/rss/articles/CBMigwJBVV95cUxPeGJNTkhBVUVTajFUdEJRcEhSTWc2ZF9WZjVIOXUzZlNuLUR6WU9FU2dZM3FTWDF6bmVKODJzeVhwdHZ6VWttSmlycFNDVEIwWS15LVNjTVI4b3hQMkVHZU15S180Q1h5UlUyaGV2dlE1RzRxaXBVOTc4b0REQjdIcmZQbWZFbW9HdVdyU0l3Z3BlZ293THY0THdVbkNLYkVjblQtTm4wUkhfXzl2Tmx3dW9JMEtveXlaSmxGbVlfUjVtZFUxZ0Q3YWNfcjVHWTlNMjlCWGF4U2p3YnBBbjVZVnRwR3Y0dnNaUUc2ZmdZMDNlQVJBVjVwWTRxU1ZFMFNEeHZv?oc=5) · hometownsource.com

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=24482 (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 "24482", 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=24482
- 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