# MEMBERS COOPERATIVE
DULUTH, MN · NCUA charter 60216 · asset band $1-10B · latest filing 2026-03 · live
Share link (named URL with a preview card): https://getbookiq.com/cu/members-cooperative-60216

Who the members are: state charter, organized 1936, low-income designated. 59,619 members of 1,787,184 potential (3.3% of the field); checking penetration 75% (share draft accounts per 100 members); loans per 100 members 41.

**Verdict on the desk:** this could be *indirect buyer*. Composite score 4 of 18 (one point per flag across 17 flags, capital below 7% counted twice).

## What the filing shows

| Measure | Value |
|---|---|
| Total assets | $1.19B |
| Members | 59,619 (4.7% YoY) |
| Full-time staff | 200 |
| Net worth | $121.4M |
| Net worth ratio | 10.2% (p37 of band) |
| ROA (annualized) | 0.63% (p43 of band) |
| Total delinquency | 1.33% (p91 of band) |
| Net charge-offs (annualized) | 0.54% (p54 of band) |
| Loans / shares | 96% (p81 of band) |
| Cash / assets | 4.0% |
| Borrowings / assets | 6.24% |
| Net interest margin | 3.41% (p56 of band) |
| Operating expense / assets | 3.21% (p49 of band) |
| Vehicles % of loans | 18% (p27 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 58% |
| Third-party paper % of net worth | 175% (p61 of band) |
| Vehicle delinquency | 1.19% (p85 of band) |
| Vehicle NCO | 2.21% (p88 of band) |
| Repossessed % of vehicle book | 0.17% (p76 of band) |
| Real estate % of loans | 40% |
| Credit cards % of loans | 0% |
| Unsecured % of loans | 2% |
| Commercial % of net worth | 163% |
| Core shares % of member funds | 45% |
| Certificates % of member funds | 30% |
| Average share balance | $7,428 |
| Participations bought / yr | $55.8M |
| Participations sold / yr | $0 |
| Participations outstanding | $91.7M |
| Loans outstanding per 100 members | 41% |
| Loans granted per 100 members, annualized | 11% |
| Average loan balance | $38,459 |
| Loans granted, annualized | $250.4M |

## Participation posture (from the same filings)

Bought $55.8M and sold $0 in the latest annualized quarter; $91.7M outstanding purchased (75.5% of net worth), $13.9M sold and retained. Sold in 4 and bought in 8 of the last 8 quarters. Shares 4.1% year over year.

## Flags firing in the latest filing

- **delinquency 2x band** (`aq_dq_high`)
- **loans>95% of shares** (`str_ltos`)
- **leaning on borrowings** (`str_borrowings`)
- **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 | 2 | delinquency 2x band |  |
| 2016-09 | 1 |  | delinquency 2x band |
| 2016-12 | 1 |  |  |
| 2017-03 | 2 | members leaving |  |
| 2017-06 | 1 |  | members leaving |
| 2017-09 | 1 |  |  |
| 2017-12 | 2 | net worth falling |  |
| 2018-03 | 2 |  |  |
| 2018-06 | 2 | loans>95% of shares | net worth falling |
| 2018-09 | 3 | members leaving |  |
| 2018-12 | 2 |  | members leaving |
| 2019-03 | 1 |  | loans>95% of shares |
| 2019-06 | 1 |  |  |
| 2019-09 | 1 |  |  |
| 2019-12 | 1 |  |  |
| 2020-03 | 2 | delinquency 2x band |  |
| 2020-06 | 3 | net worth falling |  |
| 2020-09 | 3 |  |  |
| 2020-12 | 3 |  |  |
| 2021-03 | 4 | margin squeeze |  |
| 2021-06 | 3 |  | margin squeeze |
| 2021-09 | 3 |  |  |
| 2021-12 | 2 |  | delinquency 2x band |
| 2022-03 | 3 | losing money |  |
| 2022-06 | 3 |  |  |
| 2022-09 | 3 | members leaving, leaning on borrowings | net worth falling, losing money |
| 2022-12 | 4 | losing money, loans>95% of shares | members leaving |
| 2023-03 | 4 | net worth falling, delinquency rising | losing money, loans>95% of shares |
| 2023-06 | 6 | delinquency 2x band, loans>95% of shares |  |
| 2023-09 | 7 | losing money |  |
| 2023-12 | 5 |  | net worth falling, losing money |
| 2024-03 | 6 | repo signal |  |
| 2024-06 | 5 | assets shrinking | delinquency rising, repo signal |
| 2024-09 | 6 | delinquency rising |  |
| 2024-12 | 5 |  | delinquency rising |
| 2025-03 | 4 |  | assets shrinking |
| 2025-06 | 4 |  |  |
| 2025-09 | 4 |  |  |
| 2025-12 | 4 |  |  |
| 2026-03 | 4 |  |  |

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

- 2025-12-14 [Members Cooperative Credit Union spreads holiday cheer with 12 Days of Giving Campaign - Grand Rapids Herald-Review](https://news.google.com/rss/articles/CBMihgJBVV95cUxNbWRXM0ZLanY5c2tPVFV0SUt1NVgteDloSnVra0UxVF9EV3ZyQ1dmbE5VUDc0VEJIdFIwRld2a25oZlhBbEREZ29wcTdvbXNsUVVDel91N1UzdjFWMzBpbTVfVncxNThTblRCM3owMUJQVko2Q3docUVGQzJJOXUzMk5EOUtOQWgzc3hGLW5tTzZxTi16c3NhUFZLelB4QmRONm00dEZwN0hhaTdIZFlYNWZfMno5TXRoY0FUaDhCanhUNUREaXExbnFEQkdIY1RxMUctMFRRRWlkcTdVeXVaMVdkdnlJZWZmSWhLa1dGQmIzTEtyaFYyZnJPRjJVTmRJcWNtMDRn?oc=5) · Grand Rapids Herald-Review
- 2025-12-19 [Members Cooperative Credit Union welcomes industry veteran Marty Kelly - MessageMedia.co](https://news.google.com/rss/articles/CBMi_gFBVV95cUxOV3o4QVJzREMweXdUVHE5T2h0TFo4MTdVNkZGNV9RQTlteUpRdnpIY2cwcEtCNURybUxES19Uel9FcGVrVkxrSlQ5c1I1b1lDZUdTMFQyUUlwSVBYRjhnalRjaGVFSGxfVVoydGtsTUEtazkwdVFvMzZBMkRnVFR4U283eEFhdG5nLU83UllsRnB2Q3hraWJhRnRGdGtMX29qZVVUUWozdWl0VXdFOGZMM0pzZk5nYkE2TGxtT28wU3U2dm55U2pNOUFDNml2SUNCXzFqeTI2Uk8yNGtpQURwbk9EdDVIY0ZnRUlDaGxtOGtILXpvaHNqX0owZHFWUQ?oc=5) · MessageMedia.co
- 2025-09-16 [Members Cooperative Credit Union named best credit union in the Northland by the Duluth News Tribune - CUInsight](https://news.google.com/rss/articles/CBMi2AFBVV95cUxPajRpWmRXNFBzY2ZJWHgxbmtPRjY3X19uWl90eUs4VlhiS25VZ3lEdGJvZ1Q5NjVJYnpCeEEwUE8wUFlXQmJ3VmluOWUyMWdwVFQtTi1ybFNiRktWRV9INmtCX0pEQXhaTE80eDhiUktQcW45X0pHSkR4b1RuVGZRejFLZXNCbFExLVQxMElwTzE4Zm13TnI4YmxQejBmYl96aHRHRzJkdG5RQXFIeEVyX3ppX2lBcDlzbVNzZG9BMGNaVFozMlNtOUh6TmVLRERKOHV4c1I3dkM?oc=5) · CUInsight
- 2025-02-10 [UPDATE: Duluth Police investigating after ‘dozens’ of MCCU members report stolen funds - Northern News Now](https://news.google.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?oc=5) · Northern News Now
- 2023-12-08 [Members Cooperative Credit Union Supports Area Non-Profits with 12 Days of Giving - Pine Journal | Cloquet, Minnesota](https://news.google.com/rss/articles/CBMijwJBVV95cUxQX2o4U0Q5d0Vxb01qQ004eldlNjJNZXd4UFdrNGJwLXQ0ZWlzMS1sOHk4Unh3eWUyNW9jelJ3YWNtWmtGb01uNUcxYzUxelVGUlJfb2ZFMWFTZ05QQmVJOWJvc2dHUE5DaVBnT3A4dDZKVlRPUUFMNnBGQkVZWVFsdzZJMmdweVZXSEJnN1c0NzdhaXBLTFFLdHY5TGJCZXBVZWRmZWc5bDF5aDFpWk52MFp1YXQ2NUQxTmF6aHJ3ZVFUT3dBQ0xIT2FNZDdhdXlpWG5SbkVwa3kxbTN0X3Z0OXhydG1qQ2NDaWJkMGNvb3YzSHlIUnpYUGRJVlRVV0FncDJmN1Y4YlpuMzVwU2RZ?oc=5) · Pine Journal | Cloquet, Minnesota
- 2025-10-31 [Beckstrand leads Bombers past Rangers for Section 7A title - Duluth News Tribune](https://news.google.com/rss/articles/CBMipwFBVV95cUxNM2RZMXFNV2xhdlVUT3JsQXkxdk5fRHpaakktUDlYd0xENWNyek1PdWhhS1lQN01LRGs1ZHBsYS16X2IxY04yOGItMkcxOGZDNFJ6OFJ0ZnlKMm41SXJEd0oyQUV3VWxzcTg3NFNyZFJNMWF1YlNpX1JBMjJHYUZ5T2c4M240VlNRdm5sNzkzNVV5VTBQSjlwZjFHUUlHM21UZlgwaVItWQ?oc=5) · Duluth News Tribune
- 2018-03-31 [Members Cooperative Credit Union opens new Baxter Branch - Brainerd Dispatch](https://news.google.com/rss/articles/CBMinwFBVV95cUxQR0ZTbHpxWkZmbmJNX3VyZmxQeUZJWHFHSERHOXNHWUphXzh4aE96bDRqSlFaeEVzXzZfNlJoaXZqZktNcnpISW9sVExDZjFDMlZ4aXo5T0RzYzVkTWZuVTVtRWxNVEZkU0N4RjZRZnMyZ2tYemVQY0U0bDJXZTBoeENLSUtaR3ZPY0hUc2N2QWhlU19Nd3pMTmlHZThBRWc?oc=5) · Brainerd Dispatch
- 2020-06-08 [MCCU Appoints Susan Shold as Vice President of Human Resources - Duluth News Tribune](https://news.google.com/rss/articles/CBMiuAFBVV95cUxNbF9BRG1uX3Z4RFZkOWI3V3ZsQ191emM1akZxVG5SNFBVWkFqZnNiU0Mzb1VvQmFzQ3BNdVRfU2FyTEk0QlVOOVdfWTdPaFNxNmhSUFVqZXJabGlOQlJFbGI3NGc0UWRWQVp1VEFzY2NYeEIwMzlNY284YXJTS0xsZ2NXVHZrUlVzVzVqZ1JYaXhob3VUUUxKUUx2VUxKZnZWZWVSclJydC1zbHRsQnVVOTF6MVpVTklZ?oc=5) · Duluth News Tribune

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=60216 (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/56.json (key "60216", 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=60216
- 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