# AREA
ABERDEEN, SD · NCUA charter 274 · asset band $200-500M · latest filing 2026-03 · live
Share link (named URL with a preview card): https://getbookiq.com/cu/area-274

Who the members are: federal charter, community charter, organized 1935. 11,751 members of 88,001 potential (13.3% of the field); checking penetration 57% (share draft accounts per 100 members); loans per 100 members 63.

**Verdict on the desk:** this could be *auto monoline*. Composite score 3 of 18 (one point per flag across 17 flags, capital below 7% counted twice).

## What the filing shows

| Measure | Value |
|---|---|
| Total assets | $200.2M |
| Members | 11,751 (1.1% YoY) |
| Full-time staff | 32 |
| Net worth | $33.5M |
| Net worth ratio | 16.7% (p94 of band) |
| ROA (annualized) | 1.34% (p85 of band) |
| Total delinquency | 0.48% (p38 of band) |
| Net charge-offs (annualized) | 0.13% (p20 of band) |
| Loans / shares | 81% (p69 of band) |
| Cash / assets | 27.5% |
| Borrowings / assets | 0.00% |
| Net interest margin | 3.78% (p65 of band) |
| Operating expense / assets | 2.96% (p22 of band) |
| Vehicles % of loans | 70% (p96 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 65% |
| Third-party paper % of net worth | 183% (p78 of band) |
| Vehicle delinquency | 0.45% (p41 of band) |
| Vehicle NCO | 0.20% (p20 of band) |
| Repossessed % of vehicle book | 0.00% (p25 of band) |
| Real estate % of loans | 18% |
| Credit cards % of loans | 0% |
| Unsecured % of loans | 1% |
| Commercial % of net worth | 17% |
| Core shares % of member funds | 65% |
| Certificates % of member funds | 31% |
| Average share balance | $6,495 |
| Participations bought / yr | $0 |
| Participations sold / yr | $0 |
| Participations outstanding | – |
| Loans outstanding per 100 members | 63% |
| Loans granted per 100 members, annualized | 20% |
| Average loan balance | $18,469 |
| Loans granted, annualized | $68.9M |

## Flags firing in the latest filing

- **delinquency rising** (`aq_dq_rising`)
- **3rd-party paper>100% NW** (`str_thirdparty`)
- **auto monoline** (`str_vehicle`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 1 | 3rd-party paper>100% NW |  |
| 2016-06 | 1 |  |  |
| 2016-09 | 1 |  |  |
| 2016-12 | 1 |  |  |
| 2017-03 | 2 | net worth falling |  |
| 2017-06 | 2 | auto monoline | net worth falling |
| 2017-09 | 2 |  |  |
| 2017-12 | 3 | delinquency rising |  |
| 2018-03 | 4 | delinquency 2x band |  |
| 2018-06 | 4 |  |  |
| 2018-09 | 2 |  | delinquency rising, delinquency 2x band |
| 2018-12 | 2 |  |  |
| 2019-03 | 3 | delinquency 2x band |  |
| 2019-06 | 2 |  | delinquency 2x band |
| 2019-09 | 3 | delinquency 2x band |  |
| 2019-12 | 3 |  |  |
| 2020-03 | 3 |  |  |
| 2020-06 | 4 | net worth falling, margin squeeze | delinquency 2x band |
| 2020-09 | 5 | delinquency 2x band |  |
| 2020-12 | 5 |  |  |
| 2021-03 | 5 |  |  |
| 2021-06 | 4 |  | net worth falling |
| 2021-09 | 3 |  | margin squeeze |
| 2021-12 | 4 | margin squeeze |  |
| 2022-03 | 3 |  | margin squeeze |
| 2022-06 | 3 |  |  |
| 2022-09 | 3 |  |  |
| 2022-12 | 4 | assets shrinking |  |
| 2023-03 | 4 |  |  |
| 2023-06 | 3 |  | delinquency 2x band |
| 2023-09 | 3 |  |  |
| 2023-12 | 3 |  |  |
| 2024-03 | 2 |  | assets shrinking |
| 2024-06 | 2 |  |  |
| 2024-09 | 2 |  |  |
| 2024-12 | 2 |  |  |
| 2025-03 | 2 |  |  |
| 2025-06 | 2 |  |  |
| 2025-09 | 2 |  |  |
| 2025-12 | 2 |  |  |
| 2026-03 | 3 | delinquency rising |  |

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

- 2026-08-12 [White Bear Schools to launch only student-run credit union branch - presspubs.com](https://news.google.com/rss/articles/CBMi7gFBVV95cUxPTXYzcWotaDYtSVNINzVxVlQ4dWwxSDU5cWRKc3hrcFcwY0ZkcHNISnVPa1lSUmxrbXoyYlJOWTNkS0pWeExtWnRpRmZadm1fLTRudTJyQW90UlBybmZfa1dlVWJNWE5DRTF0dnNYQV8xSmQxQXdfOVlDWTFlckIwVS0wdm9wZ1UwbW9fQVAtdGxoWHdja0t6RVJYaHlleEZ1c1RJb1JEa1dFZFFXODJ4akUzbjBsNHJZbThrSDVuNURHWmktblFjX3VrSFQ4YnE5R21mQmwwRGw2MktNdlFMb3R2OFU2WHdPWmpxR0FR?oc=5) · presspubs.com
- 2026-01-14 [North Island Credit Union opens new full-service branch in Temecula/Murrieta area - CUInsight](https://news.google.com/rss/articles/CBMivwFBVV95cUxQU3NROFpkNy1nNGhRS2plZEtGV1VZMVlON0lqTnhuTEFFRDZSY2Y4NG5KblB4MEhUd1BEalFMeWpHdjNfUFdXc0thSUZfcEZUMlZTdXBwNFhFcVBiTVJvc0NPdWFUSndrNzhFZ19wLUNCZmVfdGRpWHlUbERlMHVNNjVVUGNVRnF1MnRmNXRyWjUySFYyWDhKcjVyUHhPb1JsRWtiSVRDb3J1LWdDR1FrTGxzWEIwRXBISXdpTE1FRQ?oc=5) · CUInsight
- 2026-05-12 [Former Mitchell credit union CEO Pat Murtha headed to Hall of Fame - mitchellrepublic.com](https://news.google.com/rss/articles/CBMirwFBVV95cUxOck1CalhlOURuUDBGM3ViTUpVZFZ3Tm9HbWhXb2FydFR4YnR5dVZobnFXY2lDVzhZZE1rMmJJX0xGdzhvMkFGTE1zMDlaSFNBYUxHWHI3UnNCV041czRQYnpGRUNSeHhFZUoyYzJPQ2ZudDM3bFdaMFZ4dUlOUTJvdERMWjB3YkZ1QVpEVnY4ODVRdnFXOUtiSkFXRUJtMUQzWUZrSk56N0cxQW1WalpN?oc=5) · mitchellrepublic.com
- 2026-05-21 [SRP Affinity Debit Card Program reaches milestone with over $3M raised for area schools since 2018 - Post and Courier](https://news.google.com/rss/articles/CBMi2wFBVV95cUxNZ3A1NXlCUllFcnZfUjg5LWdKZlZEMXJOSzdabUhJQXRkSEllTlZNbzJ4cVhUa2t5UjBld3BMekM1YWZuUTFXQVV6cXFwR3BuRnBSTXpSQk5FSjk5SHdvZ2s2VURRaHczOEZvMWR4WlBOSVFBa04zM3g3WXBjeXotZkdrLTYyNDRYRFI1MVNOYVE4YkRvOVhlNEZrTDlBa0RvaTNhVkV5NXdpMUxDOHN4ZDlrTWVOVTgza0Y2em5zZE1PcFFiWDdDSUYwb3pCaURXbDU0eFNBemZhVm8?oc=5) · Post and Courier
- 2026-04-30 [Giving Back for April - SiouxFalls.Business](https://news.google.com/rss/articles/CBMiYkFVX3lxTE90cTNqZVBTUUd3SEVqV1NsQnhfbXE1cDI4bzhuQmdneTlmTkp5aTJma21PSXRzdTVPMnY5ZUhqV0Z5N21rSm5CRjM4Tk5UUzZVcHVHN21oZkZ3U3BOeGdJeE53?oc=5) · SiouxFalls.Business
- 2026-06-17 [Live Nation ‘Summer of Live’ offers $99 four-ticket deals for 9 San Diego concerts - San Diego Union-Tribune](https://news.google.com/rss/articles/CBMixwFBVV95cUxNME03OHdRNjI4WmFxaVNXS2xlNVdfMm9US1FRQmRQZUttbkh4NG5nZnczYkJLa0hwV1htd3pRN1NzSTY3RXNMNUJYdEExc3ZKU2lGbHhIYUdaRGJFT0hfWXZKTGdFRWxqYkxsS3lGZFBUcXNfTlp6VjVpc3hqUkR4UElUWUVXYXM0M2k2TUtCTGFfdG5vRk13bllnSzNDYkJPTkR0U01odzFMZmp6OU52WG5odl9nR2dFbUxCeGNfYXZpNk5QaXVN?oc=5) · San Diego Union-Tribune
- 2023-11-29 [San Diego area credit unions lean into 'good guy' image while charging millions in overdraft fees - KPBS](https://news.google.com/rss/articles/CBMirgFBVV95cUxORFd0cE9JUmtURkNueUlrNDU3eUFJT0lMbFh0ekxHcUUzVlhDOFFpd0VZbUhmWXZ6UHl2OWRjYzN6cTJ0QjN5SzBCUzVnelV2UTdBZDJlMVBaZVlhNndWOG9HT3NOVnRzQi02TVo2cG5BdUFwN3RGTGN4VUxvRUdGSklQR0otczBlOGp0amV3VmxnUlZNcy0zQTRmSjQwZXhUblVfTGVLRmtmQkl4X0E?oc=5) · KPBS
- 2025-09-11 [Aberdeen-based credit union opens in Watertown - Watertown Public Opinion](https://news.google.com/rss/articles/CBMisgFBVV95cUxObUdYOVRQQXZWWlN1bTFCT0ZCOGttZTZQaVVIdC1zemt0SFZHajNnb3RaQXBZTVJjOHdJVTVjOU1acFo2VDNzRUhDVnhhaUhHTjNfSG81SDVPbXF5VG9wdWFtMXFhZ0huT1piNkdWU3FqSmY4WEZNNG4ySkkybEVBQ0VtcEJ2dlN5WjF4LTFLUmRpQTZ3R0trUllZdHIyTUFQc3dNTzhNeTJ1SVFURmNrRFdn?oc=5) · Watertown Public Opinion

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=274 (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/18.json (key "274", 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=274
- 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.

---
Rendered 2026-09-10 from the desks' own data files. Full guide: https://getbookiq.com/guide