# CITIES
Vadnais Heights, MN · NCUA charter 63109 · asset band <$50M · latest filing 2024-12 · stopped filing after 2024-12 (departed; for a credit union that is almost always a merger)
Share link (named URL with a preview card): https://getbookiq.com/cu/cities-63109

Who the members are: state charter, organized 1936. 2,396 members of 70,000 potential (3.4% of the field); checking penetration 52% (share draft accounts per 100 members); loans per 100 members 2040.

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

## What the filing shows

| Measure | Value |
|---|---|
| Total assets | $32.3M |
| Members | 2,396 (1.6% YoY) |
| Full-time staff | 5 |
| Net worth | $2.0M |
| Net worth ratio | 6.2% (p1 of band) |
| ROA (annualized) | -2.10% (p4 of band) |
| Total delinquency | 0.98% (p57 of band) |
| Net charge-offs (annualized) | 1.43% (p91 of band) |
| Loans / shares | 48% (p30 of band) |
| Cash / assets | 12.9% |
| Borrowings / assets | 0.00% |
| Net interest margin | 3.52% (p39 of band) |
| Operating expense / assets | 5.82% (p89 of band) |
| Vehicles % of loans | 57% (p43 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 1% |
| Third-party paper % of net worth | 71% (p95 of band) |
| Vehicle delinquency | 0.32% (p42 of band) |
| Vehicle NCO | 1.67% (p93 of band) |
| Repossessed % of vehicle book | 0.29% (p95 of band) |
| Real estate % of loans | 10% |
| Credit cards % of loans | 4% |
| Unsecured % of loans | 4% |
| Commercial % of net worth | 0% |
| Core shares % of member funds | 69% |
| Certificates % of member funds | 8% |
| Average share balance | $6,805 |
| Participations bought / yr | $0 |
| Participations sold / yr | $0 |
| Participations outstanding | – |
| Loans outstanding per 100 members | 2040% |
| Loans granted per 100 members, annualized | 8% |
| Average loan balance | $292 |
| Loans granted, annualized | $3.5M |

## Flags firing in the latest filing

- **thin capital** (`cap_low`)
- **capital below 7%** (`cap_critical`)
- **losing money** (`earn_negative`)
- **charge-offs p90** (`aq_nco_high`)
- **assets shrinking** (`shrink_assets`)
- **loan book shrinking** (`shrink_loans`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 2 | thin capital, repo signal |  |
| 2016-06 | 2 |  |  |
| 2016-09 | 1 |  | repo signal |
| 2016-12 | 2 | net worth falling |  |
| 2017-03 | 2 |  |  |
| 2017-06 | 1 |  | net worth falling |
| 2017-09 | 1 |  |  |
| 2017-12 | 1 |  |  |
| 2018-03 | 1 |  |  |
| 2018-06 | 1 |  |  |
| 2018-09 | 1 |  |  |
| 2018-12 | 1 |  |  |
| 2019-03 | 3 | delinquency 2x band, delinquency rising |  |
| 2019-06 | 4 | net worth falling, members leaving | delinquency 2x band |
| 2019-09 | 3 |  | delinquency rising |
| 2019-12 | 2 |  | net worth falling |
| 2020-03 | 2 |  |  |
| 2020-06 | 3 | net worth falling, delinquency 2x band | members leaving |
| 2020-09 | 5 | margin squeeze, loan book shrinking |  |
| 2020-12 | 6 | repo signal, auto monoline | loan book shrinking |
| 2021-03 | 7 | losing money, members leaving | delinquency 2x band |
| 2021-06 | 5 |  | net worth falling, losing money |
| 2021-09 | 3 | delinquency 2x band | margin squeeze, repo signal, auto monoline |
| 2021-12 | 4 | net worth falling |  |
| 2022-03 | 4 | 3rd-party paper>100% NW | delinquency 2x band |
| 2022-06 | 5 | delinquency 2x band, delinquency rising | net worth falling |
| 2022-09 | 4 |  | delinquency rising |
| 2022-12 | 5 | net worth falling |  |
| 2023-03 | 3 |  | delinquency 2x band, net worth falling |
| 2023-06 | 4 | assets shrinking |  |
| 2023-09 | 4 |  |  |
| 2023-12 | 5 | losing money, loan book shrinking | 3rd-party paper>100% NW |
| 2024-03 | 4 |  | losing money |
| 2024-06 | 5 | losing money |  |
| 2024-09 | 5 |  |  |
| 2024-12 | 7 | capital below 7%, charge-offs p90 | members leaving |

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

- 2026-08-25 [Magnifi Financial Ranked No. 1 for Commercial Lending Growth in the Twin Cities - Newswire.com](https://news.google.com/rss/articles/CBMiqAFBVV95cUxQVERhZ05lX3hqVGJjLXEtbjBTUTFpMGFNeVVWRTMwY1BuSDFPQXg5N3dkWUlhc2tCRFJZUk4ydkVRUnRsdUd1VlNhczZOVnlEWG94U1FPTDNtVnlacmJaOWQ1Qm1JNVV0Q25kbUp4a0QyaHJvbXp2VW8yQndYQjl0SlNEeWJVeERGU3JiM202U1lIdzRvX1JkbkJLN1B2WGVRNU90T0RGRHk?oc=5) · Newswire.com
- 2026-07-07 [Veridian Credit Union opens Eden Prairie branch, announces two future Twin Cities area locations - CUInsight](https://news.google.com/rss/articles/CBMi0gFBVV95cUxPaFY0SEM0LWdBbTBYRHU4UW5kREk2YUJRWlJzcXNNR05OZlp6TjhURnNVSHVwMWYxSlFWc0V5ejhSWE9GOTVGbllDbGcxV0dpMnF4M2ZObk10RUt6eHpTZ2g1TVI1X2xpRDZuR2o2LXE1TGFMbnNiT0ExTXlhLU5RaXF0N2NRMnJLazlnTEJjUmQ1QzIwWmN3SXlNZ0gtTWFNSVBEOTgxYy1ySW9IT3Ayb2t3cmNmT3dSa2N2MjlaOEltY1ktNlBvcy1xRWxCeERGY2c?oc=5) · CUInsight
- 2026-01-15 [Veridian Credit Union proposes third Twin Cities branch in Maple Grove shopping district - The Business Journals](https://news.google.com/rss/articles/CBMirgFBVV95cUxPT3N2Y2NNX1AzZ21FUGFyVzVBUG5kS0Uwa3VrSWRPY3doNEx6OV83REtHVkstUXgyWjF3SXFSZDRpQ0JEZVEtX0syQTE2c0lhTFZGTXludTJxYi1QcFoyZG15aUlwRUw4LXZZaGwwLXlIR0JxQ3V4YmVtbFBNbjVHWnIwa1BmcDhULU5XRTFYcWJ3dVRUNzVKdzRxMUlFTzlvSkFtVXFabk43QVBDN2c?oc=5) · The Business Journals
- 2026-04-13 [Crypto Is Getting Popular in St. Cloud. One of the City’s Credit Unions Noticed. - Twin Cities Business](https://news.google.com/rss/articles/CBMiekFVX3lxTE0xZHU0aDVfY1AyRTBaSWhYMHowUHgxVkItdURUUlNYMDh2dkthd2ZmQUh6TzNvQmkySkN1WmYxejhGZWFad3MtNHNuRXFmVXFmU3NwS0pKS0xVTWtJejZPTkhaZ2poMnBXc1l4eENna0RESWc4dFFNYTFR?oc=5) · Twin Cities Business
- 2026-04-14 [In the News: Jiang Zhang on Credit Unions and Crypto - Newsroom | University of St. Thomas](https://news.google.com/rss/articles/CBMihAFBVV95cUxNUk54MVBIaVpXVmJBS0dwM2pzWkVHZlNReGNObHhoU2FKdzNRTG5FSllyek9zSkhUU001cTRPemszdl9Sb2c2MnFXeHFISUV2SXJPdEhqWEZoeU1PX29Dd0ZLaDJvY3U2RXZMYlk4Y3MxN29CQURCQktyUzVMYmVMUG1FdEE?oc=5) · Newsroom | University of St. Thomas
- 2026-04-09 [TopLine Financial Credit Union Members and Employees Give Back to the Local Twin Cities Communities During March Minnesota FoodShare Month - Yahoo Finance](https://news.google.com/rss/articles/CBMipgFBVV95cUxOcDFoZll5aFo5cUtXR0tGZzVpTVlMYVZzNzVjR2RHNnhJZVllLWhwb2R0V1BRUDE2RVFHd2k4SExMdU9HQlU2ZGZnODJEaVd0Zy1PT2xCa09IQWdnZGh5UEJDRTNEalBiQ0hxRkRnSm5sLUpFWl8tYjJqa2EyV3lEM0Y5WVFiam9QWmRVUWVYTzQ5STNKOThqeVdCQURFUUl2czc3NDRB?oc=5) · Yahoo Finance
- 2026-01-15 [How Unusual Was Blaze Credit Union’s Data Breach? - Twin Cities Business](https://news.google.com/rss/articles/CBMidkFVX3lxTFBXYTZyM2dKd1pmTFNWVFJkMVN1MHJvVk1ib2VBSUlONzNGUlJzOUlSTHBoN2lpRTFkZkpzXzhYMEtublJINkdVdkwwZ1BTU1RxZUpzZk55eGsyVWJWOUVPZU84THp5Tk9aRGlFOFdNMkd3cmkwR1E?oc=5) · Twin Cities Business
- 2025-12-10 [Wings Financial Credit Union plans new standalone Eden Prairie branch - The Business Journals](https://news.google.com/rss/articles/CBMirAFBVV95cUxOMEVhZ1NRSjd6b0VqTmNiYUZnLXdxLS1OalFPR2JfYVFVVWZ3VmlELXkwaGl6QzlYVHFhVG96S1Z3YWdsaE1TbFBwRkQ5eFdRSHFFS3pZcXF1WGx1NWs1eE5weUJBMXZEeGJiRy1QZU9KejhvdDZQanRPQUtRVXlUYUV0MV9waUxSX0F2ZnF5bmlwdk9PZ2dUeHctWGtuY3lmaWR6aXhhbmZHMFA2?oc=5) · The Business Journals

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=63109 (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/5.json (key "63109", 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=63109
- 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