# NORTHERN LIGHTS
Saint Johnsbury, VT · NCUA charter 24878 · asset band <$50M · latest filing 2026-03 · live
Share link (named URL with a preview card): https://getbookiq.com/cu/northern-lights-24878

Who the members are: federal charter, community charter, organized 1951, low-income designated. 4,166 members of 713,027 potential (0.6% of the field); checking penetration 54% (share draft accounts per 100 members); loans per 100 members 34.

**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 | $43.7M |
| Members | 4,166 (11.2% YoY) |
| Full-time staff | 11 |
| Net worth | $6.3M |
| Net worth ratio | 14.4% (p47 of band) |
| ROA (annualized) | 0.32% (p38 of band) |
| Total delinquency | 0.37% (p39 of band) |
| Net charge-offs (annualized) | -0.07% (p13 of band) |
| Loans / shares | 76% (p75 of band) |
| Cash / assets | 27.7% |
| Borrowings / assets | 0.00% |
| Net interest margin | 4.90% (p84 of band) |
| Operating expense / assets | 5.49% (p85 of band) |
| Vehicles % of loans | 55% (p40 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 0% |
| Third-party paper % of net worth | 0% (p43 of band) |
| Vehicle delinquency | 0.10% (p36 of band) |
| Vehicle NCO | 0.11% (p72 of band) |
| Repossessed % of vehicle book | 0.13% (p93 of band) |
| Real estate % of loans | 24% |
| Credit cards % of loans | 0% |
| Unsecured % of loans | 1% |
| Commercial % of net worth | 24% |
| Core shares % of member funds | 88% |
| Certificates % of member funds | 1% |
| Average share balance | $4,578 |
| Participations bought / yr | $0 |
| Participations sold / yr | $0 |
| Participations outstanding | – |
| Loans outstanding per 100 members | 34% |
| Loans granted per 100 members, annualized | 10% |
| Average loan balance | $19,858 |
| Loans granted, annualized | $11.1M |

## Flags firing in the latest filing

- **margin squeeze** (`earn_nim_squeeze`)
- **delinquency rising** (`aq_dq_rising`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2017-06 | 0 |  |  |
| 2017-09 | 1 | auto monoline |  |
| 2017-12 | 1 |  |  |
| 2018-03 | 2 | losing money |  |
| 2018-06 | 1 |  | losing money |
| 2018-09 | 2 | assets shrinking |  |
| 2018-12 | 1 |  | assets shrinking |
| 2019-03 | 2 | net worth falling |  |
| 2019-06 | 4 | delinquency rising, assets shrinking, loans>95% of shares | net worth falling |
| 2019-09 | 4 | members leaving | assets shrinking |
| 2019-12 | 3 |  | loans>95% of shares |
| 2020-03 | 4 | net worth falling |  |
| 2020-06 | 3 |  | delinquency rising |
| 2020-09 | 1 |  | members leaving, net worth falling |
| 2020-12 | 1 |  |  |
| 2021-03 | 1 |  |  |
| 2021-06 | 3 | net worth falling, members leaving |  |
| 2021-09 | 2 |  | members leaving |
| 2021-12 | 1 |  | net worth falling |
| 2022-03 | 1 |  |  |
| 2022-06 | 2 | delinquency rising |  |
| 2022-09 | 3 | members leaving |  |
| 2022-12 | 2 |  | members leaving |
| 2023-03 | 1 |  | delinquency rising |
| 2023-06 | 2 | assets shrinking |  |
| 2023-09 | 3 | delinquency rising |  |
| 2023-12 | 2 | members leaving | assets shrinking, delinquency rising |
| 2024-03 | 3 | delinquency rising |  |
| 2024-06 | 3 |  |  |
| 2024-09 | 1 |  | members leaving, delinquency rising |
| 2024-12 | 1 |  |  |
| 2025-03 | 1 | members leaving | auto monoline |
| 2025-06 | 1 |  |  |
| 2025-09 | 1 | margin squeeze | members leaving |
| 2025-12 | 2 | delinquency rising, members leaving | margin squeeze |
| 2026-03 | 2 | margin squeeze | members leaving |

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

- 2016-07-21 [Wayne A. 'Butch' Gadapee Obituary - Caledonian Record](https://news.google.com/rss/articles/CBMiygFBVV95cUxNM0U1aHNRRU5RdS1JbFhKZXdyVmdCUkdhdGlna0NmVmx0NFpjNkdXaTU2cjNlZ19NQVljSHhEeldmb1ZRNjVDMGZfOUJBMEZSc1hMVndJRkxYT2Ftd2trQ1dpX1NjelVzZWh0Y0RwaUZiZHl4WGZwN25URVhVTXdaNlY4aXVBT1BRTmdyRHhHM2hTeEtBOG5nZkVsMnRwSWtDN2JmREVwdXFpM09YeXlZNmVHdnVWeHF1ZUxjdmJNdEp5WG5yYVBmWUZR?oc=5) · Caledonian Record
- 2015-11-03 [Northern Lights In N.J.: What You Need To Know - Patch](https://news.google.com/rss/articles/CBMihAFBVV95cUxPX1c5NkwwaHpheHhpTFRPSXBlVHk5SXBDZGNrYnI0X3psS2hXV19teURyWFF0TmJzMERsNkp3clJHVTBGSWMwMmlGYXBZY3R2NUV4MGdKVXpEWW1ibUZSd0lkbGdrYW5NdnBVTzh3eC02YjFkS2lVNmZleXZOczRpbVdvcWQ?oc=5) · Patch

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=24878 (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/46.json (key "24878", 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=24878
- 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