# FREEDOM COMMUNITY
FARGO, ND · NCUA charter 62722 · asset band <$50M · latest filing 2023-12 · stopped filing after 2023-12 (departed; for a credit union that is almost always a merger)
Share link (named URL with a preview card): https://getbookiq.com/cu/freedom-community-62722

Who the members are: state charter, organized 1954. 2,305 members of 3,500 potential (65.9% of the field); checking penetration 40% (share draft accounts per 100 members); loans per 100 members 96.

**Verdict on the desk:** this could be *ordinary*. 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 | $29.8M |
| Members | 2,305 (-5.1% YoY) |
| Full-time staff | 3 |
| Net worth | $2.3M |
| Net worth ratio | 7.8% (p6 of band) |
| ROA (annualized) | -0.83% (p8 of band) |
| Total delinquency | 1.18% (p65 of band) |
| Net charge-offs (annualized) | -0.01% (p11 of band) |
| Loans / shares | 51% (p35 of band) |
| Cash / assets | 49.1% |
| Borrowings / assets | 1.68% |
| Net interest margin | 2.29% (p13 of band) |
| Operating expense / assets | 3.35% (p50 of band) |
| Vehicles % of loans | 48% (p32 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 0% |
| Third-party paper % of net worth | 0% (p43 of band) |
| Vehicle delinquency | 0.10% (p35 of band) |
| Vehicle NCO | 0.00% (p24 of band) |
| Repossessed % of vehicle book | 0.00% (p46 of band) |
| Real estate % of loans | 34% |
| Credit cards % of loans | 0% |
| Unsecured % of loans | 3% |
| Commercial % of net worth | 0% |
| Core shares % of member funds | 49% |
| Certificates % of member funds | 11% |
| Average share balance | $7,417 |
| Participations bought / yr | $0 |
| Participations sold / yr | $0 |
| Participations outstanding | – |
| Loans outstanding per 100 members | 96% |
| Loans granted per 100 members, annualized | 13% |
| Average loan balance | $6,170 |
| Loans granted, annualized | $5.2M |

## Flags firing in the latest filing

- **thin capital** (`cap_low`)
- **losing money** (`earn_negative`)
- **assets shrinking** (`shrink_assets`)
- **members leaving** (`shrink_members`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 1 | thin capital |  |
| 2016-06 | 1 |  |  |
| 2016-09 | 1 |  |  |
| 2016-12 | 3 | net worth falling, delinquency 2x band |  |
| 2017-03 | 2 |  | delinquency 2x band |
| 2017-06 | 3 | losing money |  |
| 2017-09 | 2 | members leaving | net worth falling, losing money |
| 2017-12 | 2 |  |  |
| 2018-03 | 2 |  |  |
| 2018-06 | 3 | assets shrinking |  |
| 2018-09 | 2 |  | assets shrinking |
| 2018-12 | 3 | delinquency rising |  |
| 2019-03 | 3 | assets shrinking | delinquency rising |
| 2019-06 | 1 |  | thin capital, members leaving |
| 2019-09 | 2 | members leaving |  |
| 2019-12 | 1 | thin capital | assets shrinking, members leaving |
| 2020-03 | 1 | members leaving | thin capital |
| 2020-06 | 3 | thin capital, delinquency rising |  |
| 2020-09 | 2 | net worth falling | members leaving, delinquency rising |
| 2020-12 | 2 |  |  |
| 2021-03 | 2 | margin squeeze | net worth falling |
| 2021-06 | 3 | delinquency 2x band, delinquency rising | margin squeeze |
| 2021-09 | 1 |  | delinquency 2x band, delinquency rising |
| 2021-12 | 1 |  |  |
| 2022-03 | 6 | net worth falling, losing money, delinquency 2x band, delinquency rising, charge-offs p90 |  |
| 2022-06 | 3 |  | net worth falling, delinquency rising, charge-offs p90 |
| 2022-09 | 4 | delinquency rising |  |
| 2022-12 | 4 | net worth falling | delinquency 2x band |
| 2023-03 | 3 | delinquency 2x band | delinquency rising, net worth falling |
| 2023-06 | 2 |  | losing money |
| 2023-09 | 2 | assets shrinking | delinquency 2x band |
| 2023-12 | 4 | losing money, members leaving |  |

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

- 2026-01-21 [Freedom Federal Credit Union Grows Its Community-Focused Development Team - citybiz](https://news.google.com/rss/articles/CBMisgFBVV95cUxPV29qSjEzMVNKZE10YWpBQURscVNyZU44QU5UYzZiaDZNLU9ydDVPZjBtcWcyNHBpSnBMVy1qOWpKblJxdjE4bmtVWnY4MEVQa2hEa2w0UUlwZjgtM1lhRjBWUXFGODYxd0t6WVNlY1l1Z3dvRWcwdTBRZ1ktTnJuWXVVVHM2cmVZeTJrakt5Z245Z1pJLWtFbVF4WGRxUkNEbDlEaXZQbmpOOEJqTU9oNHVn?oc=5) · citybiz
- 2023-06-21 [Over 3,000 COMMUNITY MEMBERS CELEBRATE AT JUNETEENTH SANTA BARBARA “NOURISHING THE PEOPLE” BLOCK PARTY - The Santa Barbara Independent](https://news.google.com/rss/articles/CBMi1gFBVV95cUxNRFlRR19HcFBvTVdmVDkyMF93NjVQUG0xMlFSNGdtXzJTckdHYWtKZXA4QmxoeDFSMHBFR3o5RTNDODF0ci1USkRvMzdIOUhnUlB3cEhJMWRkMGxXck0xMDAzblRWVWNYNmZtaVNYYjI2dW5QQU1hbFVZRktIN1Zva0NlU0pySHhMWUVtaG1pM2t2a05qZmlnUkRaeXFVV2lnQXpfZkl2ZldRLU8xNUtyMHZkVTN5YWRPeGpjbTZaeFAtMC1hZ1B4eGdaenFEdE0yZVE3Xy13?oc=5) · The Santa Barbara Independent
- 2025-06-27 [William Delaney Obituary - Chandler, AZ - Dignity Memorial](https://news.google.com/rss/articles/CBMihgFBVV95cUxNTkhpZF9nQ2JIR2FfT1dGaFFzc2NBOFpON04yVGp5WE1wdUVrcnd5cGQ5Uk1EMDYwd0I5ejVNbHlkTmNFaDdRQ3hBSTFOaWE4NnN1QmIxU0czMUREc3Z1RUpPTk1LV0ZWNjI3Y3BPTVFaYVJ0dXU3WWV1ZlFsREl3N3B6aXc5Zw?oc=5) · Dignity Memorial
- 2026-05-20 [We're gearing up for our Juneteenth Celebration! Join us on June 19, 2026 for the Juneteenth Golf Tournament at the Centerbrook Golf Course and June 20, 2026 for the Junteenth Celebration at North Hennepin Community College! See what's in store: www. - facebook.com](https://news.google.com/rss/articles/CBMi3AFBVV95cUxNV2pGdUwwZE8yNzNSVmU5MUJsRWVYR3dSbWRPQzU0dUpwQ0xDV3hOcjdYS013TkpjRWFfQ3RfcFBzejctYzFvWlVPRlR6Q0pIbkxobkMxTXRpaDlTNHF3NjBYSUVlS0gyUlgwWmZUbk9ZWnpQeFhBSnZVdllFSDEyTmxIdjNwd0luOU5fYUg4djRoTGNyQXJheGxYSGtET3dTQU1yb0E0VzFpam9vdEpfWTlSZFN2OUJORU5oY1dBZm9POFM1MlVuZHdHWlVSM2xlZmZrbWRGZ2x5OUZC?oc=5) · facebook.com
- 2026-07-23 [Emancipation Day STC 2026 Celebrates Freedom, Community And THE 175TH Anniversary Of Harriet Tubman’s Arrival In St. Catharines - Niagara At Large](https://news.google.com/rss/articles/CBMi9gFBVV95cUxQQk1RbUtqSnlDYjJFQ0lZZ0lvUWNYTlZYT3R2eFdGVk1PUzk4QnlwZER5bzFXeWVGdUVfR3ZqbmZ1T1JodzdvMWNDZE5JV1M1RlNFOEpKYl9OOFhlZW1jRktXTldfc1Rkc0dzbnRBWVFKeVZERFRQOFM1UTlxWU1jLTBybWlSRXJ2QTJ6bVRlY2xzbnBaZ2Y4Q2xzWGxIdWtGVUFTd1oyVXB0YW9PWk9fRzhTRjg0TnY5b1Qya1R5U3FJeU9hOW5UR0hYUDZHeThMMVgxcHpKU1pHY3BsazlNd212aHUtR0pkWHcwZWZvQU5ER2Ezbmc?oc=5) · Niagara At Large
- 2025-11-18 [Arrest Made in 2023 Chadron Bank Robbery - chadronradio.com](https://news.google.com/rss/articles/CBMidEFVX3lxTFA4S0tXb1lweG5tRDBNZFJtZGM5VXNrXzk2RGFpTm9DZF9TV3FDVE1CdjZxOFh3ZUV2amxVQ1o3QlNENGR0NUd6bzV4WVVoYWRFMTBHSFlrYy1pOTIzMG5aX2VfbDE1b2NtQ3VyZ3BXX0t1UjBZ?oc=5) · chadronradio.com
- 2023-06-21 [Juneteenth Block Party Draws 3,000 to Celebrate News of Emancipation - Noozhawk](https://news.google.com/rss/articles/CBMimAFBVV95cUxPNEJfMXRmeVA2YWJsbkZBNmVQRG5PSC1wV25JNFJ0UEpJVlNqUWhKZ3NrMW1sbGUwd2tJSnpHY1pkYXJZMmU5Rkk1RnRrRFh5MVM1aWMtQUtzb0tIU0RBRWdWcmlKQ2NqSU5YYkNhMmt2Z3dlVVBPYU9uWUJMWW9WenRJUmRyQjdWWlRDYVFvN19LcF93YUZIRg?oc=5) · Noozhawk
- 2026-06-19 [Here’s How Chester County Is Celebrating Juneteenth - VISTA.Today](https://news.google.com/rss/articles/CBMieEFVX3lxTE9Wc2JPNWVmVFlMSkc3QkszUU9ZNTh2Si1DTFpPQThoN1pNVGpvamcxTU1ycE80dFpwVURPNktKaHpxYnl5TkMxUlBzVjVVRTlpNjBWZ2dXRnZMRnRIb2ZJeWJjVzFyT1pRVW13bjlMMm1YYVhmdWpqSw?oc=5) · VISTA.Today

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=62722 (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/2.json (key "62722", 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=62722
- 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