# THE MORNING STAR
Lame Deer, MT · NCUA charter 24943 · asset band <$50M · latest filing 2026-03 · live
Share link (named URL with a preview card): https://getbookiq.com/cu/the-morning-star-24943

Who the members are: federal charter, community charter, organized 2022, low-income designated, minority depository institution. 2,430 members of 21,453 potential (11.3% of the field); checking penetration 72% (share draft accounts per 100 members); loans per 100 members 13.

**Verdict on the desk:** this could be *stressed*. Composite score 6 of 18 (one point per flag across 17 flags, capital below 7% counted twice).

## What the filing shows

| Measure | Value |
|---|---|
| Total assets | $2.5M |
| Members | 2,430 (26.7% YoY) |
| Full-time staff | 3 |
| Net worth | $212,946 |
| Net worth ratio | 8.4% (p7 of band) |
| ROA (annualized) | 0.42% (p42 of band) |
| Total delinquency | 9.17% (p97 of band) |
| Net charge-offs (annualized) | 13.31% (p100 of band) |
| Loans / shares | 15% (p4 of band) |
| Cash / assets | 89.5% |
| Borrowings / assets | 0.00% |
| Net interest margin | 3.54% (p36 of band) |
| Operating expense / assets | 18.33% (p99 of band) |
| Vehicles % of loans | 0% (p3 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | – |
| Third-party paper % of net worth | 0% (p43 of band) |
| Vehicle delinquency | – |
| Vehicle NCO | – |
| Repossessed % of vehicle book | – |
| Real estate % of loans | 0% |
| Credit cards % of loans | 0% |
| Unsecured % of loans | 94% |
| Commercial % of net worth | 0% |
| Core shares % of member funds | 94% |
| Certificates % of member funds | 6% |
| Average share balance | $489 |
| Participations bought / yr | $0 |
| Participations sold / yr | $0 |
| Participations outstanding | – |
| Loans outstanding per 100 members | 13% |
| Loans granted per 100 members, annualized | 15% |
| Average loan balance | $1,048 |
| Loans granted, annualized | $522,056 |

## Flags firing in the latest filing

- **thin capital** (`cap_low`)
- **expense trap** (`earn_opex`)
- **delinquency 2x band** (`aq_dq_high`)
- **delinquency rising** (`aq_dq_rising`)
- **charge-offs p90** (`aq_nco_high`)
- **loan book shrinking** (`shrink_loans`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2022-12 | 3 | thin capital, capital below 7% |  |
| 2023-03 | 3 |  |  |
| 2023-06 | 1 | expense trap | thin capital, capital below 7% |
| 2023-09 | 3 | thin capital, delinquency 2x band |  |
| 2023-12 | 4 | net worth falling |  |
| 2024-03 | 6 | losing money, charge-offs p90 |  |
| 2024-06 | 6 | delinquency rising | net worth falling |
| 2024-09 | 4 |  | thin capital, losing money |
| 2024-12 | 3 |  | delinquency rising |
| 2025-03 | 6 | thin capital, net worth falling, losing money |  |
| 2025-06 | 5 | margin squeeze | thin capital, net worth falling |
| 2025-09 | 5 | thin capital | margin squeeze |
| 2025-12 | 7 | net worth falling, loan book shrinking |  |
| 2026-03 | 6 | delinquency rising | losing money, net worth falling |

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

- 2025-08-15 [Economic hardship is real. So is native power. - CUInsight](https://news.google.com/rss/articles/CBMie0FVX3lxTE8xR3czMmZjNHJ5NWtHdWM2SExDcEp5SWNaRmdNSUpfcmFXaXhUS2tDYVhrQzN1TnMtUmZyVVJOX0JwMkx6YWNiNTZIMWljbE5HeXdENWxYR3VlLWFQT2hwSi13a3I0OGtScHhBUE93cXo1R3liQnVRNUxEWQ?oc=5) · CUInsight
- 2026-07-02 [Nonprofits Partner to Preserve 55 Households in Kalispell Mobile Home Park - Flathead Beacon](https://news.google.com/rss/articles/CBMiswFBVV95cUxOOENFbWdCYmg3eVRtMFRBb1A2RUJwQlV2aXBUUlJBU3NFU1R5eUtENDl0TUgtVGpheWVnazc3LVpRYVF5OGQ3bW0tV0hPWF9CZDZoM3lUcWxtTWhSbF9SZ3B1VFBGRTlGV3BMU3ZZMGRaTkcweVZxWF9mdFZlclZjZW5neXJCNHBBY280Z3F4T0xSaExJLXlvUzJwSVFqVnVhSEF6ejY2aHNsRGR4bHAyUW1VUQ?oc=5) · Flathead Beacon
- 2024-06-18 [Native American-Owned Banks and Credit Unions - NerdWallet](https://news.google.com/rss/articles/CBMiowFBVV95cUxOVkpYMnRXLXVURmF4UFZIMEZkWHBWYl9HZ25QZDREeXEyczZ5di1fYVVfSy03ck9FdTJRZWhrQk1UOUJSelh4Vkc4b0tPdzlmQWlzRm5wc1ZGMk93ekV6eE1YbVJvaC1GZ0Y3V3hNbDk4M2hHZzFOWVZLYVQtNUQwblV2UjlWTk5WRi13OEtzNFIzMVNrdXI3RUNQbTItMk9RTmJr?oc=5) · NerdWallet
- 2026-01-23 [Steve L. Earnest | Obituaries - Laurel Leader-Call](https://news.google.com/rss/articles/CBMipwFBVV95cUxQZmpjQVRCQ1Q5QkhXOTFLNkM2dzI3Y25BQ3JqamVFbWFlNG1pM2EyUmNQV0ZGMXpkbjJ6TFJHeFhSZXFSQjJ3bnFDVGI2Q1BYU1hEVFNjdTJ1ck13QVYzaWx3b3ljbllDQkNsUnZqeXRKQ1l1V2dtdG9BYzdOdG5GRnVkVmdQemhseWMyZEdfQ2Q1SFl5UU1RY0pGREEyWktqTHZ0eC1WZw?oc=5) · Laurel Leader-Call
- 2021-06-02 [Honoring the earth to create healthy soil and healthy food - The Taos News](https://news.google.com/rss/articles/CBMi7gFBVV95cUxNTnYzNnFIQ28zR3g3VDRlN3J1LW9LS0pOODNCQlBCV29WbVp6Y05ER3JMaFRoTFZFTl84Q1lNSTMyNVR3VUZEMTVPSFVfOW5kMENPSkxNMDFULUlWN1ZJeklVbTVSQTl4cHFwMU9Qc2lWblBVdXdfNGdkNU9RaVAwbERTYUM4ZjM0Tk1SdnRTaTV5SGptUzVyODQzaFhuZUt3WnREOEJwWkpJV1MweFV6a0twOG5kdFIzVWtoMWN0a2RpZXBuQ0UtZ2pybFN2aGZselI5eEZNUWNzY3lrcnZfUldOYTZ1Rmx5STBkZTBB?oc=5) · The Taos News

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=24943 (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/47.json (key "24943", 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=24943
- 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