# NORTHERN EAGLE
Nett Lake, MN · NCUA charter 24852 · asset band <$50M · latest filing 2019-12 · stopped filing after 2019-12 (departed; for a credit union that is almost always a merger)
Share link (named URL with a preview card): https://getbookiq.com/cu/northern-eagle-24852

Who the members are: federal charter, multiple common bond, organized 2013, low-income designated. 712 members of 5,000 potential (14.2% of the field); checking penetration 1% (share draft accounts per 100 members); loans per 100 members 41.

**Verdict on the desk:** this could be *stressed*. Composite score 5 of 18 (one point per flag across 17 flags, capital below 7% counted twice).

## What the filing shows

| Measure | Value |
|---|---|
| Total assets | $748,863 |
| Members | 712 (0.0% YoY) |
| Full-time staff | 2 |
| Net worth | $107,244 |
| Net worth ratio | 14.3% (p56 of band) |
| ROA (annualized) | -3.62% (p1 of band) |
| Total delinquency | 5.33% (p93 of band) |
| Net charge-offs (annualized) | 4.77% (p99 of band) |
| Loans / shares | 82% (p78 of band) |
| Cash / assets | 28.7% |
| Borrowings / assets | 0.00% |
| Net interest margin | 7.37% (p99 of band) |
| Operating expense / assets | 46.60% (p100 of band) |
| Vehicles % of loans | 30% (p18 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 0% |
| Third-party paper % of net worth | 0% (p45 of band) |
| Vehicle delinquency | 0.00% (p13 of band) |
| Vehicle NCO | 0.00% (p21 of band) |
| Repossessed % of vehicle book | 0.00% (p44 of band) |
| Real estate % of loans | 0% |
| Credit cards % of loans | 0% |
| Unsecured % of loans | 48% |
| Commercial % of net worth | 0% |
| Core shares % of member funds | 80% |
| Certificates % of member funds | 1% |
| Average share balance | $699 |
| Participations bought / yr | $0 |
| Participations sold / yr | $0 |
| Participations outstanding | – |
| Loans outstanding per 100 members | 41% |
| Loans granted per 100 members, annualized | 37% |
| Average loan balance | $1,715 |
| Loans granted, annualized | $329,905 |

## Flags firing in the latest filing

- **losing money** (`earn_negative`)
- **expense trap** (`earn_opex`)
- **delinquency 2x band** (`aq_dq_high`)
- **charge-offs p90** (`aq_nco_high`)
- **assets shrinking** (`shrink_assets`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 3 | expense trap, delinquency 2x band, charge-offs p90 |  |
| 2016-06 | 3 |  |  |
| 2016-09 | 2 |  | charge-offs p90 |
| 2016-12 | 2 | charge-offs p90 | delinquency 2x band |
| 2017-03 | 2 | losing money | charge-offs p90 |
| 2017-06 | 4 | net worth falling, charge-offs p90 |  |
| 2017-09 | 1 |  | losing money, net worth falling, charge-offs p90 |
| 2017-12 | 1 |  |  |
| 2018-03 | 6 | margin squeeze, delinquency 2x band, delinquency rising, charge-offs p90, loan book shrinking |  |
| 2018-06 | 5 |  | charge-offs p90 |
| 2018-09 | 6 | losing money |  |
| 2018-12 | 6 | assets shrinking | margin squeeze |
| 2019-03 | 6 | margin squeeze | loan book shrinking |
| 2019-06 | 6 | thin capital, net worth falling, charge-offs p90 | delinquency 2x band, delinquency rising, margin squeeze |
| 2019-09 | 4 | delinquency 2x band | thin capital, net worth falling, charge-offs p90 |
| 2019-12 | 5 | charge-offs p90 |  |

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

- 2020-08-26 [Fledgling Native American CU Faces Challenges, Opportunities - American Banker](https://news.google.com/rss/articles/CBMirAFBVV95cUxNekpXblJRY0xTWUoxMGpKaVBfaWFTbFJHMUpBY2xhX3oxOUxGU1JwbGFCenlVQXZiaTNFV3BZby16V3MtNF9QTVBFeEFzdm5iQTJLUXhUUjFmVklMeGlXOGdrbU9YX1QyV0IwLTVBTE44SDR0dy1mTk1rclBndGk4SEtyRUVaOWd1LTlqLVUxNmV3UDZNcE9IMEoxZ3NRNkRVZC1RMlRyS3hqeDlY?oc=5) · American Banker
- 2023-06-28 [When Cultures Combine: The LinkingLeaders Partnership - Minnesota Women's Press](https://news.google.com/rss/articles/CBMiiAFBVV95cUxQZEtRcUd5OVNCUE9mUGhfek9LbkVlSVRsRWV1WEtJXy1UUUctNHAtMUVic1ZaclkzakNtTGRzVHFuMEpvM1VzeGZoYUkwZl9WRktLMktIazBfRF9mM2pZdEV3Tm95Zm9sOE52alZ3S3c1N0h4V19xUWtqM282dVpkbjRrU1hKd0wy?oc=5) · Minnesota Women's Press
- 2022-02-10 [Minnesota might soon get its first new credit union in nearly a decade - American Banker](https://news.google.com/rss/articles/CBMiuwFBVV95cUxOS1owSGh0dEZUTGl0VFlvaXhvb1hTOXBDVTV5MTd1cnZxTTRxZThUQXpZVkI1bm1iemZZME1hS0FLLTFPbUtlVkhmX0RBdlJjOTRpbHVvczhCUk90OXJaZkNlblM4UnpBVkp5aFZHbHFLSHBTeGZGQ0NRenJWUDBWdFF1eTB0SkxqNXZpY0U3SG1CYWtJVXFtMkFOem11a21tWlNyNlRETnhreG1oOEdOVTVXX1lnU2JYbFlJ?oc=5) · American Banker
- 2014-01-19 [Biz Buzz for Jan. 20, 2014 - Duluth News Tribune](https://news.google.com/rss/articles/CBMidkFVX3lxTFBIcnRnSkR4TDBOZ0xvR2c2bjNXU2dGaGlPQTlFUFBXSDlSRkt5eGVUQzlaR01aY0tlS1Z6dC1vRmM3dEtySjhuR19fY3labnUzU29WajBfTXhzc2VZZk1ieTVfX2xLVkVJZmFTSU1ZcC1WTWtJY0E?oc=5) · Duluth News Tribune
- 2019-04-15 [CUs face many hurdles when it comes to banking Native Americans - American Banker](https://news.google.com/rss/articles/CBMisgFBVV95cUxNNHVrV3VQVzlydkhpYjhxaU9rSEZrRUdlVTJoeFMwU3gzUUlZaXZYa2Vrd0pudlFGYWg4OTB1amRqYjNpX29pM2ViVWo3d3V5bjdjU21rbS1nMUlRdFN3UG9ZSGs0RzRva09CQlRIdTUyb21kNUdmQTk1ZmdoU1o4R1hHOVNfTXhMczJsOTFjdF9xUU94RDRBSGYxbUZ0V0V6dGc4ZFItTzRtRTBrdUFhRGFR?oc=5) · American Banker

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=24852 (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/20.json (key "24852", 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=24852
- 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