# RED WING
Red Wing, MN · NCUA charter 61778 · asset band $200-500M · latest filing 2026-03 · live
Share link (named URL with a preview card): https://getbookiq.com/cu/red-wing-61778

Who the members are: state charter, organized 1954. 9,734 members of 48,241 potential (20.2% of the field); checking penetration 75% (share draft accounts per 100 members); loans per 100 members 56.

**Verdict on the desk:** this could be *liquidity-rich*. Composite score 0 of 18 (one point per flag across 17 flags, capital below 7% counted twice).

## What the filing shows

| Measure | Value |
|---|---|
| Total assets | $207.8M |
| Members | 9,734 (1.3% YoY) |
| Full-time staff | 24 |
| Net worth | $25.4M |
| Net worth ratio | 12.2% (p64 of band) |
| ROA (annualized) | 1.27% (p83 of band) |
| Total delinquency | 0.36% (p27 of band) |
| Net charge-offs (annualized) | 0.06% (p11 of band) |
| Loans / shares | 58% (p17 of band) |
| Cash / assets | 16.6% |
| Borrowings / assets | 0.00% |
| Net interest margin | 3.24% (p29 of band) |
| Operating expense / assets | 2.52% (p13 of band) |
| Vehicles % of loans | 24% (p29 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 10% |
| Third-party paper % of net worth | 10% (p27 of band) |
| Vehicle delinquency | 0.66% (p57 of band) |
| Vehicle NCO | 0.16% (p18 of band) |
| Repossessed % of vehicle book | 0.00% (p25 of band) |
| Real estate % of loans | 52% |
| Credit cards % of loans | 2% |
| Unsecured % of loans | 3% |
| Commercial % of net worth | 31% |
| Core shares % of member funds | 48% |
| Certificates % of member funds | 24% |
| Average share balance | $8,448 |
| Participations bought / yr | $0 |
| Participations sold / yr | $0 |
| Participations outstanding | $1.2M |
| Loans outstanding per 100 members | 56% |
| Loans granted per 100 members, annualized | 14% |
| Average loan balance | $19,801 |
| Loans granted, annualized | $37.2M |

## Participation posture (from the same filings)

Bought $0 and sold $0 in the latest annualized quarter; $1.2M outstanding purchased (4.9% of net worth), $0 sold and retained. Sold in 0 and bought in 0 of the last 8 quarters. Shares 2.2% year over year.

## Flags firing in the latest filing

- none

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 0 |  |  |
| 2016-06 | 0 |  |  |
| 2016-09 | 0 |  |  |
| 2016-12 | 0 |  |  |
| 2017-03 | 1 | delinquency rising |  |
| 2017-06 | 0 |  | delinquency rising |
| 2017-09 | 0 |  |  |
| 2017-12 | 0 |  |  |
| 2018-03 | 0 |  |  |
| 2018-06 | 0 |  |  |
| 2018-09 | 0 |  |  |
| 2018-12 | 0 |  |  |
| 2019-03 | 0 |  |  |
| 2019-06 | 0 |  |  |
| 2019-09 | 0 |  |  |
| 2019-12 | 0 |  |  |
| 2020-03 | 1 | delinquency rising |  |
| 2020-06 | 2 | net worth falling |  |
| 2020-09 | 2 |  |  |
| 2020-12 | 2 |  |  |
| 2021-03 | 2 | margin squeeze | delinquency rising |
| 2021-06 | 0 |  | net worth falling, margin squeeze |
| 2021-09 | 0 |  |  |
| 2021-12 | 0 |  |  |
| 2022-03 | 0 |  |  |
| 2022-06 | 0 |  |  |
| 2022-09 | 1 | delinquency rising |  |
| 2022-12 | 1 |  |  |
| 2023-03 | 1 |  |  |
| 2023-06 | 0 |  | delinquency rising |
| 2023-09 | 0 |  |  |
| 2023-12 | 0 |  |  |
| 2024-03 | 0 |  |  |
| 2024-06 | 1 | delinquency rising |  |
| 2024-09 | 1 |  |  |
| 2024-12 | 1 | net worth falling | delinquency rising |
| 2025-03 | 2 | delinquency rising |  |
| 2025-06 | 0 |  | net worth falling, delinquency rising |
| 2025-09 | 0 |  |  |
| 2025-12 | 0 |  |  |
| 2026-03 | 0 |  |  |

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

- 2026-05-07 [Shirley Perkins Obituary May 7, 2026 - mahnfamilyfuneralhome.com](https://news.google.com/rss/articles/CBMickFVX3lxTE11WmNvUThYUzJpRGhXclJnajVDMHJFUXRFYWZsYjJ6aFM1eTNoMUVOcVJhVlpoNk1qa0dyYkJTc1RiWVZxSnBSdjMwNnZGQkJRTjlRbkRnX1dWcU9zQjlGWjdvTnpTTkJRUi1ITnlpYUEzQQ?oc=5) · mahnfamilyfuneralhome.com
- 2019-03-14 [Red Wing Credit Union working to help community thrive - republicaneagle.com](https://news.google.com/rss/articles/CBMi5gFBVV95cUxONnlKdmR3R1dRbWZDb0paU2hUb2N3X2hxdkZjT25fUjNqUG1oVnVQcWgyQmMzNkVqODZ2Vzlnay1qaTVCMmozdjhhX0ZtU1Iyek41TkNxZHRYanFaRWpqRXlZYUhoUW5HdUY0a0ZQRmlMbFd4OEZ6SjJfcGVuZmV5UUJaTjhqV2VxRXVFNGRhT1REZGlTUDVoOGVNS0c3cTNUNUJFRWhrbFJ2MVMtSDJpeV9VMXh4UDRvaWFIR1ZDUkxnVzlMNU9yWk5xb290aHI3S0JramgtTV9IMVZKZTRBN3hxMUFTQQ?oc=5) · republicaneagle.com
- 2019-08-05 [Regional Reports: The Turning Tides of Red Wing - Twin Cities Business](https://news.google.com/rss/articles/CBMidEFVX3lxTFB6bXdlQkZfVk1qR0EtUFhEQ01LMnp4NnREU2pYR3Jpa3NaMk1XNTFaUHc1dUtVZEpIZFBGWXdKejNqWVBzczJFZmtYRnNLUjFiM1gyaWxOdk4yR0psWmE5ZVpzRDhmaXFVRUpYUkFQMHF2dlVj?oc=5) · Twin Cities Business
- 2025-04-09 [America's Best Regional Banks and Credit Unions 2025 - Minnesota - Newsweek Rankings](https://news.google.com/rss/articles/CBMikAFBVV95cUxOUzh0Z3pCcmdqcXR3Vi0xQ0IzV0VKUGE3ZHpzRWVTcGpKSjFNMk5BZ2c0SnRCa1ZYRVlzd0dfX3ZlWVpDaDVhNXdGSXpERG0tZzN6VzRTRkp1ek50ZFJCei1sWHhSNXoxSlg0di1CMkpLUzliel9KS1dLWXMwOVdnaXpFcHJMUm9ydmxuMFpISDg?oc=5) · Newsweek Rankings
- 2024-04-10 [Christopher B. Rodgers Obituary Nov 5, 2017 - mahnfamilyfuneralhome.com](https://news.google.com/rss/articles/CBMid0FVX3lxTE9ZSUVjSmY4Qy13ckVGUVNJVDBfMUpYZDV3X0NZb1JnVmx6YVZDTm45ZUpmbWdWbWZBZ3ZKZzRzR2wyVXNIZV9VaGQ0QzFoRkl3bDRSY19oUVMwSG5nZlpZdlo4YzNjS1ZFWS1wS211YkZ3c04xQ0R3?oc=5) · mahnfamilyfuneralhome.com
- 2004-05-07 [War hero convicted of credit-union robbery - postbulletin.com](https://news.google.com/rss/articles/CBMiggFBVV95cUxQZVBPc0U3UERYQjNfMmdPeUxHM2Q0LWhkbTRGUHVhOGNwamxOWEEtWkdsMFpPYjJBNEpwWlhxZ09Ob1JJOURZeWdMeVhaSFFGM2hacnF0ODBGMmt3VmMzYjZjX0Ria0hiQUpjSlBWSms4clNwYlRzMUkyTFpxci1iczR3?oc=5) · postbulletin.com
- 2019-04-19 [Obituary for Debra C. Wing - Pioneer Press](https://news.google.com/rss/articles/CBMickFVX3lxTE12MGtrcUJla3dVbjlRemFyNWZCbTJwdk1HdFJ1bnVKaFpyRWNWblF1OHBEbXZlMXNYUkJKcXlXWEJacnM2NGdZbEFWYmwxZkI5UFgycnNJOEpIU0hKWmlWY2xqWU1ZSlJmMlpyTjBsMVludw?oc=5) · Pioneer Press
- 2015-07-31 [UPDATE: Charges Filed in Credit Union Heist - KROC-AM](https://news.google.com/rss/articles/CBMickFVX3lxTFA5aGs0NmtmYzE5VW9RZVZJU1o1NlhDQlYzTFNiU2wtdTA4aWM0VTgyV3VkMmw0bzJISjVQczVOVjFNS3EyWGpVZ1d4Z0xTRm5OcEs4a2ZXbVp6NXlPZTVjUTRFRVdsSWF0TkE4VnE2M2lHZw?oc=5) · KROC-AM

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=61778 (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 "61778", 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=61778
- 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