# BADLANDS
Glendive, MT · NCUA charter 4227 · asset band <$50M · latest filing 2026-03 · live
Share link (named URL with a preview card): https://getbookiq.com/cu/badlands-4227

Who the members are: federal charter, community charter, organized 1941. 2,198 members of 11,317 potential (19.4% of the field); checking penetration 59% (share draft accounts per 100 members); loans per 100 members 37.

**Verdict on the desk:** this could be *ordinary*. Composite score 1 of 18 (one point per flag across 17 flags, capital below 7% counted twice).

## What the filing shows

| Measure | Value |
|---|---|
| Total assets | $38.9M |
| Members | 2,198 (0.8% YoY) |
| Full-time staff | 6 |
| Net worth | $3.0M |
| Net worth ratio | 7.7% (p4 of band) |
| ROA (annualized) | 0.43% (p43 of band) |
| Total delinquency | 1.04% (p63 of band) |
| Net charge-offs (annualized) | 0.42% (p73 of band) |
| Loans / shares | 31% (p14 of band) |
| Cash / assets | 6.9% |
| Borrowings / assets | 0.00% |
| Net interest margin | 2.92% (p17 of band) |
| Operating expense / assets | 2.81% (p27 of band) |
| Vehicles % of loans | 53% (p39 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 25% |
| Third-party paper % of net worth | 52% (p95 of band) |
| Vehicle delinquency | 1.97% (p79 of band) |
| Vehicle NCO | 0.00% (p35 of band) |
| Repossessed % of vehicle book | 0.00% (p46 of band) |
| Real estate % of loans | 19% |
| Credit cards % of loans | 0% |
| Unsecured % of loans | 9% |
| Commercial % of net worth | 2% |
| Core shares % of member funds | 86% |
| Certificates % of member funds | 0% |
| Average share balance | $10,562 |
| Participations bought / yr | $0 |
| Participations sold / yr | $0 |
| Participations outstanding | $72,737 |
| Loans outstanding per 100 members | 37% |
| Loans granted per 100 members, annualized | 9% |
| Average loan balance | $13,568 |
| Loans granted, annualized | $4.5M |

## Participation posture (from the same filings)

Bought $0 and sold $0 in the latest annualized quarter; $72,737 outstanding purchased (2.4% of net worth), $0 sold and retained. Sold in 0 and bought in 0 of the last 8 quarters. Shares 0.8% year over year.

## Flags firing in the latest filing

- **thin capital** (`cap_low`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 3 | thin capital, losing money, auto monoline |  |
| 2016-06 | 1 |  | thin capital, losing money |
| 2016-09 | 1 |  |  |
| 2016-12 | 1 |  |  |
| 2017-03 | 4 | delinquency 2x band, delinquency rising, members leaving |  |
| 2017-06 | 2 |  | delinquency 2x band, delinquency rising |
| 2017-09 | 3 | assets shrinking |  |
| 2017-12 | 2 |  | assets shrinking |
| 2018-03 | 4 | net worth falling, assets shrinking |  |
| 2018-06 | 3 | delinquency rising | net worth falling, assets shrinking |
| 2018-09 | 2 |  | delinquency rising |
| 2018-12 | 1 |  | members leaving |
| 2019-03 | 2 | members leaving |  |
| 2019-06 | 3 | delinquency rising |  |
| 2019-09 | 3 |  |  |
| 2019-12 | 4 | thin capital |  |
| 2020-03 | 5 | net worth falling |  |
| 2020-06 | 4 | delinquency 2x band | members leaving, delinquency rising |
| 2020-09 | 2 |  | net worth falling, delinquency 2x band |
| 2020-12 | 3 | loan book shrinking |  |
| 2021-03 | 3 |  |  |
| 2021-06 | 5 | net worth falling, assets shrinking |  |
| 2021-09 | 3 | losing money | thin capital, net worth falling, assets shrinking |
| 2021-12 | 4 | delinquency rising, assets shrinking | losing money |
| 2022-03 | 2 | losing money | auto monoline, delinquency rising, assets shrinking |
| 2022-06 | 3 | delinquency 2x band, delinquency rising | loan book shrinking |
| 2022-09 | 4 | thin capital |  |
| 2022-12 | 4 | net worth falling, charge-offs p90 | delinquency 2x band, delinquency rising |
| 2023-03 | 2 |  | losing money, charge-offs p90 |
| 2023-06 | 4 | losing money, members leaving |  |
| 2023-09 | 5 | auto monoline |  |
| 2023-12 | 6 | delinquency rising, 3rd-party paper>100% NW | members leaving |
| 2024-03 | 4 |  | net worth falling, losing money |
| 2024-06 | 4 |  |  |
| 2024-09 | 5 | delinquency 2x band |  |
| 2024-12 | 4 |  | delinquency 2x band |
| 2025-03 | 5 | repo signal, members leaving | 3rd-party paper>100% NW |
| 2025-06 | 2 |  | delinquency rising, repo signal, members leaving |
| 2025-09 | 1 |  | auto monoline |
| 2025-12 | 2 | net worth falling |  |
| 2026-03 | 1 |  | net worth falling |

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

- 2026-07-29 [Janet Hieb Obituary (1951 - 2026) - Leander, Tx, MT - Glendive Ranger-Review - legacy.com](https://news.google.com/rss/articles/CBMijwFBVV95cUxNd193Nms5NjU3VzJhLUp4S1d2bzR2M01PNDh5Z1lfdWhfRjRUa0NBVzIxNXRjUnJNV3Jzd3FJTUNXc25RU1E1U1hNZGhuSmFZblhZTE9qZnZYdksyZnM2UzFqTVFfVXVJTlRjX1FRVmF0a2hiLVl2MHNCcUNDd29PR1ZGUjJOYnF2TkNaZWxRdw?oc=5) · legacy.com
- 2025-09-30 [South Dakota cowboys, cowgirl dominate entry list for Badlands Circuit Finals Rodeo - KBHB Radio](https://news.google.com/rss/articles/CBMiqAFBVV95cUxQMEtiNS1IV3hQdFA4TzV3czJDVF9xNS04WDdnUF9TUUR3Yi15M2g2RkZsVWZnNDdrblhHNTB1TWxvdHBmT3NTbk91ZFNzdUh4UVFKeHFSZGFKNXo0MjQxS3F3WDVKZ085M1BiYlB1NE9zN2dPcXdUeUxSZktFeUhOVkt3VEpOR0hTYk5FRWFRM3hCemQtOV9Bd0l1czBnWEg1dEtKZjJZZkw?oc=5) · KBHB Radio
- 2026-03-23 [Youth voices lead tobacco-free push - Terry Tribune](https://news.google.com/rss/articles/CBMiuwFBVV95cUxOTnR6RWxMR3BPWkVzSW9tbnF5WUl1QjlLV1VjU0VUelp5cEFsZnFsQk85VTRKWWJxdE5YenctUlBfZ1pGZzQwXzZYY0Mya29EZEpEazZtMHpsUUNEeWtraVRGMFgycVUzYTJvU0hiXzJYTkJOenBvd3VYN2dTWVdnUFpKOUVRWU13blBJNUZvQ2tvMlNOQ3RnT2RQSFNGMTR4VWtNOUdxZTZrLVdJZlg0VC14WHI0NkpYUGdN?oc=5) · Terry Tribune
- 2025-07-04 [Wildfire damages Montana's largest state park - KRTV](https://news.google.com/rss/articles/CBMinAFBVV95cUxQNHpWNmc1NHNjVVM0dThLcUZKMlltTExLVHFmRjROV1hjQ21PTU00MEluUEJXU2FfVmpQQkFDblR6eGVTNXhUSnpaMXZBQXluQWRZbjB2MFdlWWloWFdzb1VhLWxOYlJtODdHWmFIaHE3M3hMQnJGcWhiMkI1TWVXUEhpNkJTV1lPQmtoOF8xUUs0Q1l6alBBWTVLMVg?oc=5) · KRTV
- 2026-07-20 [Here's All the Pre-Sale Info You Need for Mumford & Sons’ 2026 North America ‘Prizefighter’ Tour - Holler Country](https://news.google.com/rss/articles/CBMiywFBVV95cUxQREUtVEtpeldmRzR3NTljWWhnWHl5X3dINFlpTGlmNEUxaXFYQVZwbXRRaXpiTnNSZzY4UU80R3gzbVBnV2h5RVcyTzVmLWNOTDNSMENCcTFDR3g3elR1aUJRRXJnRGphOWowMVhlT0RybjROdXpvZ0Z0WENTREhyRUp6eVBuaTlLQTMteXpyRUdkamthS3o4TnI3ZmNaZU56UW92MlVUbWY3ekdPN2xzTW5IVlV3eDQtNVV1R3llZjVUM3d0Y2taRlJLUQ?oc=5) · Holler Country
- 2013-04-11 [Norma Heafield Obituary (2013) - Billings, MT - Billings Gazette - legacy.com](https://news.google.com/rss/articles/CBMimAFBVV95cUxPWUUtSnFXY2VkVE1iWm5zdGdxaHR1aUQ0YXNiQWVZRElIMmotM1NpWFB6dHBpTGM3TVd6VTBnTVREbDJzSi1fVTBUNkVMM2FuMHRUVzBpQTJYLW5IR295eUI5UEdTZHl6aHNIdjN3OGtZTENHQm9MOWxuUnVfdWVsN1libF8yblVmazFjaFNnNHJYZGRNel9yUg?oc=5) · legacy.com

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=4227 (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/3.json (key "4227", 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=4227
- 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