# EXPEDITION
Mendota Heights, MN · NCUA charter 62964 · asset band $200-500M · latest filing 2026-03 · live
Share link (named URL with a preview card): https://getbookiq.com/cu/expedition-62964

Who the members are: state charter, organized 1957. 14,229 members of 70,000 potential (20.3% of the field); checking penetration 48% (share draft accounts per 100 members); loans per 100 members 409.

**Verdict on the desk:** this could be *too clean*. Composite score 3 of 18 (one point per flag across 17 flags, capital below 7% counted twice).

## What the filing shows

| Measure | Value |
|---|---|
| Total assets | $225.6M |
| Members | 14,229 (-5.2% YoY) |
| Full-time staff | 29 |
| Net worth | $22.1M |
| Net worth ratio | 9.8% (p27 of band) |
| ROA (annualized) | -0.13% (p4 of band) |
| Total delinquency | 0.24% (p15 of band) |
| Net charge-offs (annualized) | 0.57% (p69 of band) |
| Loans / shares | 57% (p16 of band) |
| Cash / assets | 8.6% |
| Borrowings / assets | 0.00% |
| Net interest margin | 2.94% (p15 of band) |
| Operating expense / assets | 3.34% (p36 of band) |
| Vehicles % of loans | 27% (p39 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 48% |
| Third-party paper % of net worth | 199% (p80 of band) |
| Vehicle delinquency | 0.26% (p22 of band) |
| Vehicle NCO | 1.08% (p72 of band) |
| Repossessed % of vehicle book | 0.00% (p25 of band) |
| Real estate % of loans | 22% |
| Credit cards % of loans | 2% |
| Unsecured % of loans | 4% |
| Commercial % of net worth | 0% |
| Core shares % of member funds | 50% |
| Certificates % of member funds | 23% |
| Average share balance | $7,660 |
| Participations bought / yr | $4.8M |
| Participations sold / yr | $163,160 |
| Participations outstanding | $24.8M |
| Loans outstanding per 100 members | 409% |
| Loans granted per 100 members, annualized | 5% |
| Average loan balance | $1,999 |
| Loans granted, annualized | $21.9M |

## Participation posture (from the same filings)

Bought $4.8M and sold $163,160 in the latest annualized quarter; $24.8M outstanding purchased (112.2% of net worth), $200,929 sold and retained. Sold in 8 and bought in 8 of the last 8 quarters. Shares -3.1% year over year.

## Flags firing in the latest filing

- **losing money** (`earn_negative`)
- **members leaving** (`shrink_members`)
- **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 | 3 | thin capital, net worth falling |  |
| 2017-06 | 1 |  | thin capital, net worth falling |
| 2017-09 | 1 |  |  |
| 2017-12 | 1 |  |  |
| 2018-03 | 1 |  |  |
| 2018-06 | 1 |  |  |
| 2018-09 | 1 |  |  |
| 2018-12 | 1 |  |  |
| 2019-03 | 2 | delinquency rising |  |
| 2019-06 | 2 |  |  |
| 2019-09 | 2 |  |  |
| 2019-12 | 1 |  | delinquency rising |
| 2020-03 | 2 | net worth falling |  |
| 2020-06 | 3 | margin squeeze |  |
| 2020-09 | 2 |  | net worth falling |
| 2020-12 | 2 |  |  |
| 2021-03 | 4 | thin capital, net worth falling |  |
| 2021-06 | 3 |  | net worth falling |
| 2021-09 | 1 |  | margin squeeze, thin capital |
| 2021-12 | 1 |  |  |
| 2022-03 | 1 |  |  |
| 2022-06 | 1 |  |  |
| 2022-09 | 2 | delinquency rising |  |
| 2022-12 | 2 |  |  |
| 2023-03 | 2 |  |  |
| 2023-06 | 2 |  |  |
| 2023-09 | 3 | leaning on borrowings |  |
| 2023-12 | 3 |  |  |
| 2024-03 | 2 | losing money | delinquency rising, leaning on borrowings |
| 2024-06 | 3 | assets shrinking |  |
| 2024-09 | 4 | net worth falling |  |
| 2024-12 | 3 |  | assets shrinking |
| 2025-03 | 4 | members leaving |  |
| 2025-06 | 3 |  | net worth falling |
| 2025-09 | 3 |  |  |
| 2025-12 | 4 | assets shrinking |  |
| 2026-03 | 3 |  | assets shrinking |

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

- 2025-05-13 [Credit Union Opens Branch Office In Woodbury - Woodbury News Net](https://news.google.com/rss/articles/CBMikAFBVV95cUxObEZlMGxBdW05RzBTb3pPR3F2LTlwakpfZWJuRzVoTWg3UnQybTNGazd4UUFkZk9pdkNMbTNqazBtZ3NXbUZWOGVBSDBsWEFyQllYQ0tvR3NIOENJNm14VDBCLUhRVGI3RFhsaXItVS1LTXpJVDBaWjVkSG9Vd0ZHZ19weHFRTGlvUWxyZnZvNUI?oc=5) · Woodbury News Net
- 2026-08-20 [‘Urgency, fear and trust’: Fraud prevention seminar highlights tactics used by scammers - 5 EYEWITNESS NEWS](https://news.google.com/rss/articles/CBMivwFBVV95cUxNeFlnQk1MWGlGQ01VYVdBQUtCd0h6cFZKWUx5blc0WjNjTmZSQnR0a1VMT1BhRDg4NndwQVdHUUp2UUl0RE5PbjQyZzR2d1hGUDV5YUl3bmJyQUsxdjZlbG1DZW9DZkRfTUM1Z2ZwRzR4bVFqME9uMk1QdkJGdkJfaUtEcmJaQVJZYWZwMnlUMDdrWWMxclhjYTVpbzYzSHFESlJPVUJuTTl4RzNDNUFNWmJjRVhQOHNSSkhDVVB5Yw?oc=5) · 5 EYEWITNESS NEWS
- 2025-03-08 [Six Eden Prairie educators are 2025 Teacher of the Year semifinalists - Eden Prairie Local News](https://news.google.com/rss/articles/CBMiqAFBVV95cUxOMWxYZjRoeU5Jd1lPZThheFdmdkg5MWtuUWhtM1BPREE3X3R6Mk8xZTFEWE1DdkJnT0poZEw5UUNjM25UakE5b3dsUkRBT203QlAyM3BHVzJFVElTWFhnQXF2M2NPM3ZYOVJIZDVFaFdJTVUzdGhEdF9lejY1bGYyb2xzQ19HN3JzQXFJcWZiUFlBOWlVNXhMS0lzS2ZUdzBUbXNSUE5Gbkk?oc=5) · Eden Prairie Local News
- 2026-02-25 [Maple Grove teacher is semifinalist for MN Teacher of the Year - hometownsource.com](https://news.google.com/rss/articles/CBMi9gFBVV95cUxNX3lnQzFPbTNUQVIyaE9kbGt4NlFHQTlQUTVkR1QtQzYxZ1F4d2hfdktzSkU0c05XZW9HcE5ZZlVUVVpZWUYzQWh2Z0NGbEJKQUZkRVAyalpIbS1TQ29VU0RhaWhvbi13eVpMTEtLZVoxdXl5dGVDNV9EVjlqUzU0ekd6Q0czMjZubkpTWVg4YXJabndRWFpGems2czRBRThVc0pEdDFDeHRxQ0JqMldyMFdRZkFDWWowbW9FUzBLWGRWS3BOeEo4dndtTmF6QjNfY2stbU1lS1BJV3o2NHpZNGc5ZG5VUHp4Yi1ncXpOTUdCdC1YRXc?oc=5) · hometownsource.com
- 2023-01-27 [Cass Lake, Little Falls, Pierz educators nominated for Teacher of the Year - Brainerd Dispatch](https://news.google.com/rss/articles/CBMitwFBVV95cUxPVldldEs1NFhraXVuTjN0cVV2QXdVRlVVLVJ2cXJGS1lVeUdoenhJX3hQRElyWFFLNm56N25KcHpDdnFCSnZ1ZktSdG9DSzhnLWp2SzdmV1dyQ1FwTjZsa2pQZUdNT0FVaGt1UUJHTjhEX1ZzNVVvUWFKZkRYUzdlQ1JTZnZTZndiYVBsc05yaVoyM1RyY1hqenVYMm5ncHptb1BfdmRUb2JXcFR0YzZ0MGd4bkFURHc?oc=5) · Brainerd Dispatch
- 2023-03-01 [Albert Lea educator a semifinalist for Minnesota Teacher of the Year - Albert Lea Tribune](https://news.google.com/rss/articles/CBMiswFBVV95cUxOdnNWUHVXV2g1cmdlLXFFcGVtYVUwTjMwMWlIRGpPZzBab3l4VS1iaW43ZXoxOWJ4dFdJS3pzQjZyajgxRmJITW1ZZHNodmZrYXBETFc5VlpCeUpwU0FWemRPT3YxSTBEb3JEV081OUFEWXZFQUs5bXJDaHd3NjRxQmxfY25IOGU2TDdvaXY3WnhpdjQ0NTdlNTJCeVpFb1JleFI1Q3JTZC03MGVUZzcxWHZkMA?oc=5) · Albert Lea Tribune
- 2024-02-07 [Area educators named candidates for Minnesota Teacher of the Year - hometownsource.com](https://news.google.com/rss/articles/CBMi-gFBVV95cUxQSU82VjZHd3I0RjNCV1dua1IxT2lmMDJqX3Zhb0ZBOXNjMm56dzQteTVTX3JUYkktS1ZEUER3Nzh4WXh6TllyaTVZNEh1WHYxUnZGRzhHOGhTU3VzV1JVVHNyZE1XdGhNa2Nod1psR2dSR0JkYXdOb01wcFRCeDJvdnlzbDFmaHBnd0c1MG9FSXZLeTJsNGVpdnNYbjJtb0tQSjQ3dzNFaFZBWElLSk1pbnBqRWJjVldTbHltaW9QdWFxMzZQSi1KRUhybnA4dTM5cGRtV3o0a1cyTzcxbmw0cU1JaWNiakhHSlRHR3diUE9HVHdDOUk1azZn?oc=5) · hometownsource.com
- 2025-05-04 [Eden Prairie teacher wins state’s top honor - Eden Prairie Local News](https://news.google.com/rss/articles/CBMihAFBVV95cUxOR1dfb0V2c0tBYjBNUDJ5czdKZzdYQ09HY1JnaWktc2lGUWw2MFA1MGszUUZ2clhNTE9za2I0WDdkbWg3OXBIRVE4OE8tZm53ZFNxTUVQbzQ2bklRUzA1aFN6dy1fSmVIU3lMOXlFdV9rdVF0b2NXV1pOc29BMG84MHlyaDM?oc=5) · Eden Prairie Local News

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=62964 (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/52.json (key "62964", 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=62964
- 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