# HERMANTOWN
HERMANTOWN, MN · NCUA charter 5023 · asset band $100-200M · latest filing 2017-06 · stopped filing after 2017-06 (departed; for a credit union that is almost always a merger)
Share link (named URL with a preview card): https://getbookiq.com/cu/hermantown-5023

Who the members are: federal charter, community charter, organized 1943, low-income designated. 16,876 members of 279,227 potential (6.0% of the field); checking penetration 49% (share draft accounts per 100 members); loans per 100 members 55.

**Verdict on the desk:** this could be *indirect buyer*. 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 | $140.3M |
| Members | 16,876 (2.3% YoY) |
| Full-time staff | 44 |
| Net worth | $14.9M |
| Net worth ratio | 10.6% (p56 of band) |
| ROA (annualized) | 0.68% (p72 of band) |
| Total delinquency | 1.06% (p74 of band) |
| Net charge-offs (annualized) | 0.46% (p62 of band) |
| Loans / shares | 79% (p64 of band) |
| Cash / assets | 6.5% |
| Borrowings / assets | 0.00% |
| Net interest margin | 3.74% (p85 of band) |
| Operating expense / assets | 4.50% (p83 of band) |
| Vehicles % of loans | 43% (p64 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 83% |
| Third-party paper % of net worth | 236% (p85 of band) |
| Vehicle delinquency | 1.45% (p89 of band) |
| Vehicle NCO | 0.92% (p81 of band) |
| Repossessed % of vehicle book | 0.00% (p29 of band) |
| Real estate % of loans | 27% |
| Credit cards % of loans | 0% |
| Unsecured % of loans | 6% |
| Commercial % of net worth | 0% |
| Core shares % of member funds | 72% |
| Certificates % of member funds | 10% |
| Average share balance | $4,081 |
| Participations bought / yr | $10.2M |
| Participations sold / yr | $0 |
| Participations outstanding | – |
| Loans outstanding per 100 members | 55% |
| Loans granted per 100 members, annualized | 17% |
| Average loan balance | $10,665 |
| Loans granted, annualized | $42.2M |

## Flags firing in the latest filing

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

## 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 | 1 |  |  |
| 2017-06 | 2 | delinquency rising |  |

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

- 2026-02-17 [Prep report: CEC power play perfect in playoff win - Duluth News Tribune](https://news.google.com/rss/articles/CBMimwFBVV95cUxOZzVrQ3ZHeS10SGFlUlY0dncwMElyRC0xeVp0S2hyeU9WUDR3bEVOODZseUVGV3k5YXlJRkNQWVNaZVdlanNZdVdyN0IwQzFBLU8yS3BDa1dqeVZjc3NtZklDc0xoU180VXFDNFluREpCc0c3WjNxMUpuOV9yQ0NOempWMlJzcWgxX2V6bkZ4blpFVmZIcFlacnJTZw?oc=5) · Duluth News Tribune
- 2018-06-14 [States honor excellence in marketing, community impact and more - American Banker](https://news.google.com/rss/articles/CBMisAFBVV95cUxNOWpFTUZUZ09VNWwxYzRlT1ZwcUtjbUFkZU50cjlwNGFYMnNQb0RxMEFRNVF0SFh6dGNsSF9OTmhpdkhNbWhOa1o0dGpnd29aMzVMZWt1T0J2dkh4RnNuTW1SQk5ycEVCdGJNQUlVM3I3aEUtUFpicTl2VTNfNDhrN1pmZEFSZG9UcFV4S3NEYi1XbWJNYkQ1eGZsaDF6ZGJqeTVpT3hZU3lRNE9EdFl6Tw?oc=5) · American Banker
- 2018-03-09 [Centricity names Ralston president/CEO - BusinessNorth](https://news.google.com/rss/articles/CBMizgFBVV95cUxPdEg3SXJWQklKX0NCeElUZGNVQnptNEhMZlNPdVVfRkJNNW11SWstaXJPa2tmbGhmcUpaWFpLUU9vNGllUHVuWUdXMnpERWtsYktNdFFTRDdGVW5rSTVLSGJ2UlJQZkJLU2dhdVJ1RDgyaG00NmM3UEZkTTgwWkplUXYwZHh0NFAxSmppZUhSTmh4SzllOW1RT2RyNlFybi1reHB6WW1KNzVHSWM3RTFTcDQxTFFHY05mSGw5ampPWG1DZTNnZWYzUWNNaER1QQ?oc=5) · BusinessNorth
- 2026-08-25 [Peggy L. (Johnson) Kemp Obituary Aug 25, 2026 - Dougherty Funeral Home | Hibbing, MN](https://news.google.com/rss/articles/CBMiZ0FVX3lxTE1ScTUyOUFOazMxUmdpbG5UaEhTNnVpSXVVdGxtb0JYTXktN3VFenBERGwwQnVYLTdzNUN3XzJVWUdod0ZoNXZjOUM5MUtUOVpHZlZfdEdJcWgyWDJWODd6eVRSZTJUNHc?oc=5) · Dougherty Funeral Home | Hibbing, MN
- 2024-04-04 [Minnesota Wilderness see early lead slip away in close loss to Springfield Jr. Blues - WDIO.com](https://news.google.com/rss/articles/CBMisgFBVV95cUxQU1pLMVRSLXI2MnNCcTE3aThSTzdFOFgyS2EwRTc3clVGRDlSSmxJYVkzcWpIOXlkeGRIM0FWYVNIaFNkbU9oWWx1MzRqQ0QxRWQ2YVlGRzVoYkh6c245bXVTOVVJNFFSdVpFeThaSzEwTEJtNnBoZzdjX3NMZ0dyaUtwa24xM0lucGhDZVNvMUxHQVNuODZsV1JDbHdaTGtWNVBaS0lZYUwyNVZzUTFnalhR?oc=5) · WDIO.com
- 2013-09-28 [Ryan Ewald Obituary Sep 28, 2013 - Dougherty Funeral Home Duluth](https://news.google.com/rss/articles/CBMibEFVX3lxTE1KaTcyUmRBSXVFbXhCOW5zM2JEVHJfWWQybXFEWHAtSlNaY3dQempvVjdJTlFEOERkRVo0cmU1M3RQYW5Mb3ByZElIdUFnRVd6TmY4WjFVa2RNcFFCakV1X1Q1YUpYZDRCX05HRw?oc=5) · Dougherty Funeral Home Duluth
- 2020-08-26 [Centricity CU names new president/CEO - American Banker](https://news.google.com/rss/articles/CBMinAFBVV95cUxQMnZZWW5ic2dSMkE0SDduWmdPMHhoV2VfNnVjUS1pS2JPZVhOTlE2TXZIYkJpVk5tYXBxd2pEUGZLWmlzY21HeG5LalNlaTVPamwydGJlNGc5cmhlQTNtNFZpb3BHbnYyeE8zVVVBRTh5RDl0MzNXd2xBVUh4eHNTUXlZRUZicFl0WktuOVlEOGtIaWNMTWxRWW5GOXM?oc=5) · American Banker
- 2025-07-23 [Minnesota Wilderness tryout camp attracts top local talent - Duluth News Tribune](https://news.google.com/rss/articles/CBMioAFBVV95cUxPN0VtNXgzaWZGMC0yUGppTDRLOG1ZbVFjb0pNZWFuOGRtWHNnNURXTU82N3FiWVIwMmpDWkE1Mk9zNG5hbFgwOTFFMEY2T05DcjhYVkhKbllYa0NVbWx1UTV3MnNPOEtRMGdPU1BQcWQ3VFVwbi1fN2hYLXR4YUdIak85VTZCTXp5VWx6aVZpR3FZSFBkUXAwV3Z3VEVBOEQ5?oc=5) · Duluth News Tribune

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=5023 (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/31.json (key "5023", 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=5023
- 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