# NORTHERN COMMUNITIES
DULUTH, MN · NCUA charter 64655 · asset band $100-200M · latest filing 2026-03 · live
Share link (named URL with a preview card): https://getbookiq.com/cu/northern-communities-64655

Who the members are: state charter, organized 1928, low-income designated. 6,869 members of 200,518 potential (3.4% of the field); checking penetration 63% (share draft accounts per 100 members); loans per 100 members 864.

**Verdict on the desk:** this could be *ordinary*. Composite score 2 of 18 (one point per flag across 17 flags, capital below 7% counted twice).

## What the filing shows

| Measure | Value |
|---|---|
| Total assets | $126.8M |
| Members | 6,869 (1.3% YoY) |
| Full-time staff | 33 |
| Net worth | $13.3M |
| Net worth ratio | 10.5% (p33 of band) |
| ROA (annualized) | 0.84% (p60 of band) |
| Total delinquency | 1.50% (p87 of band) |
| Net charge-offs (annualized) | 0.59% (p73 of band) |
| Loans / shares | 88% (p88 of band) |
| Cash / assets | 14.0% |
| Borrowings / assets | 0.00% |
| Net interest margin | 5.00% (p96 of band) |
| Operating expense / assets | 4.86% (p85 of band) |
| Vehicles % of loans | 31% (p40 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 31% |
| Third-party paper % of net worth | 92% (p68 of band) |
| Vehicle delinquency | 3.10% (p96 of band) |
| Vehicle NCO | 0.98% (p73 of band) |
| Repossessed % of vehicle book | 0.24% (p88 of band) |
| Real estate % of loans | 51% |
| Credit cards % of loans | 7% |
| Unsecured % of loans | 10% |
| Commercial % of net worth | 10% |
| Core shares % of member funds | 66% |
| Certificates % of member funds | 20% |
| Average share balance | $8,050 |
| Participations bought / yr | $0 |
| Participations sold / yr | $0 |
| Participations outstanding | $4.2M |
| Loans outstanding per 100 members | 864% |
| Loans granted per 100 members, annualized | 14% |
| Average loan balance | $1,664 |
| Loans granted, annualized | $32.9M |

## Participation posture (from the same filings)

Bought $0 and sold $0 in the latest annualized quarter; $4.2M outstanding purchased (31.5% of net worth), $0 sold and retained. Sold in 0 and bought in 0 of the last 8 quarters. Shares 11.8% year over year.

## Flags firing in the latest filing

- **net worth falling** (`cap_falling`)
- **delinquency 2x band** (`aq_dq_high`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 1 | thin capital |  |
| 2016-06 | 2 | losing money |  |
| 2016-09 | 2 | net worth falling | losing money |
| 2016-12 | 1 |  | net worth falling |
| 2017-03 | 2 | members leaving |  |
| 2017-06 | 2 |  |  |
| 2017-09 | 1 |  | members leaving |
| 2017-12 | 2 | members leaving |  |
| 2018-03 | 2 |  |  |
| 2018-06 | 2 |  |  |
| 2018-09 | 2 |  |  |
| 2018-12 | 3 | delinquency rising |  |
| 2019-03 | 3 |  |  |
| 2019-06 | 2 |  | thin capital |
| 2019-09 | 2 |  |  |
| 2019-12 | 2 |  |  |
| 2020-03 | 1 |  | delinquency rising |
| 2020-06 | 2 | net worth falling |  |
| 2020-09 | 2 |  |  |
| 2020-12 | 2 | margin squeeze | members leaving |
| 2021-03 | 3 | thin capital |  |
| 2021-06 | 2 |  | net worth falling |
| 2021-09 | 1 |  | thin capital |
| 2021-12 | 2 | delinquency 2x band |  |
| 2022-03 | 3 | net worth falling, delinquency rising | margin squeeze |
| 2022-06 | 2 |  | net worth falling |
| 2022-09 | 1 |  | delinquency 2x band |
| 2022-12 | 0 |  | delinquency rising |
| 2023-03 | 0 |  |  |
| 2023-06 | 0 |  |  |
| 2023-09 | 2 | assets shrinking, 3rd-party paper>100% NW |  |
| 2023-12 | 2 |  |  |
| 2024-03 | 3 | delinquency 2x band, delinquency rising | assets shrinking |
| 2024-06 | 2 | loans>95% of shares | delinquency 2x band, delinquency rising |
| 2024-09 | 3 | delinquency rising |  |
| 2024-12 | 4 | delinquency 2x band |  |
| 2025-03 | 3 | net worth falling | loans>95% of shares, delinquency rising |
| 2025-06 | 3 | delinquency rising | net worth falling |
| 2025-09 | 2 |  | delinquency rising |
| 2025-12 | 2 |  |  |
| 2026-03 | 2 | net worth falling | 3rd-party paper>100% NW |

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

- 2019-05-29 [John Thomas Obituary May 29, 2019 - Dougherty Funeral Home Duluth](https://news.google.com/rss/articles/CBMibkFVX3lxTE4yOWZlZG1FTnBlWlgzM2l1R2xJNlcxdWJRNTcwcTBORGdGTk9GaGQyTUZyTzBYaFNKbVdDa3dOcXRJTlhPYjJqY2xMbHVJN2NGZlRfSWY3RXh5cjJFeWxpOFJHS0FnM3A4UlAzQnJR?oc=5) · Dougherty Funeral Home Duluth
- 2026-08-01 [Ramstad: Many Gen Zers feel helpless about money. They shouldn’t, these young women say. - startribune.com](https://news.google.com/rss/articles/CBMivgFBVV95cUxNUW1JQWZ0WVQtZWNHdUQ1WVhNd3NHSnFNWXZjTkFNdFNULTJpS1dFeUVIUzVJOWp1QTFJay1JNmdOcHBqRjBGaWZ5d29RQUtWN0pNcG9IbU9fZ1B5TmpYSEQtSHM3ZU9oQjBGWHhILWpkaFR2SFVKWVAzeHM1MjF5Q1JnVXBEM1ZhanY5bk5CZTVPTXFfNi1MbnhnOHp4ZXBteG5HSFo2WVZGUHhraVQ3LWtVeF9kM05fNU91VlNB?oc=5) · startribune.com
- 2026-08-05 [Karen Marie Erickson - Duluth News Tribune](https://news.google.com/rss/articles/CBMilwFBVV95cUxNb3dBUWJJZ1RMcFlHNW5VU0RybzI1cGVZOVR5QWdRYm5fSVQzWU9iVG5XZGdPdUkyajFTaGNnRkFTSWRoNVFwd3kzWWRRVW1QbC1jbU9GWFVWZmloQmw3d1FFaHg5ang0di02WUduNURBSEVTOC00bFhFRjhmNXh3OGdfclZpSDcxNlpMTTJSYmhlMkdyRDlv?oc=5) · Duluth News Tribune
- 2024-11-19 [New non-profit helps bring basic finance skills to the community - Northern News Now](https://news.google.com/rss/articles/CBMiowFBVV95cUxQbVlWcUZOTG45eTB6aXdsbG8weUtWWS15bk5RaXVDZXFDUTduSW1BeklYLUdwN2Nzc1BUcDlwUmVCX2NONGFkcVFtSmRWX29nQjg3bjdidFhoeWE3Y3FTZDh4NW9ibUxKVG1obzh1MFFfY09nSFlISjc0WTA3VFhCT3JnbktwcXgybEV0SzFYZ2NQaFNkZE16LWo3S2RGMXhPeFNB0gG3AUFVX3lxTFBuM1RBdElVRm1XOWxqRXNFRks0ZzVTamJMaGtGNzB4U3NNUlY5Tk9LUkJ0Z2ZxbWJaTWFpY21Oa01aaXNNSGlpanRZUk56XzJyVndKZTItSDBndm1ULWUwM3ctalJpU2FKdVhseEdGRElBM2NReFBIRXhDYUltUm41bDZ0TnFrMzNkd0lKTEUzbmJTUERFaVBPbTQ4RGdibmlieHA5MnAzR05QaGpEdGVKb2tWblpQNA?oc=5) · Northern News Now
- 2026-02-12 [Iron Range Barn Dances kicks off 2026 season - mesabitribune.com](https://news.google.com/rss/articles/CBMi0AFBVV95cUxOYXRiNkhaQzZDWEo0N0h4SUxmbzhXZEVJeGJZeUFmMm9pakctM3BhZEQzX2VSZERUYVk5M2JXWmxyUE13SjZRU0hWSG5vNF9Ud1RaQVMwQ0M3WEhlTmwtbWZjVkZTZFROUVN1VFdzQkx2aEY0cjEtZ2dpdjdUZTBBblN2eWJEemQ4b2NwcE10N0plY0FyUDZacUd1LXVHNDUxcTYzcVVZVk5qZEFWUFMwZ1EyQUlMcUNZMFJIMmlxQ1ZfXzl1Xy0zb3hLMEJ1SDV3?oc=5) · mesabitribune.com
- 2010-01-24 [Biz Buzz for Jan. 25 - Duluth News Tribune](https://news.google.com/rss/articles/CBMib0FVX3lxTE5aTWtWRUIxTm16ZW5PcWFTRDF2RFNPdW93QlAyem10SmpHT0l6S0RZdTNsZnJjWGNzc1RiaGV3Z1RuaWJSRVktc3FCMHBlV0ljQmZqVmNCUVZrb3lTaUV2d2JCZ2QxaUJBWlVYaWdUZw?oc=5) · Duluth News Tribune
- 2014-03-02 [Chilly Billy's is first retailer to open at Shops at BlueStone in Duluth - Duluth News Tribune](https://news.google.com/rss/articles/CBMitAFBVV95cUxPUEtXT2hQWEVCVXpMUjVkdlZrcFZCTU1jU3NiSVk3S1pSLV82eWxYR0Rmd05YTm52QjRKcHcxQktiVHB6QjhiNWxILUtHLWR5VTVHWVJMVUkyV0N4ck1zLWF5ZEZCZUlLakx4WTdHVFRFYndvX2NGRjJzeklDdHJ3VzNRN2xURUVmZlpTWFE3UGdGZ0llczRBeDFOYVBnWXJXQ0Ztcl9xdGFiaGtSNDM2bncxQlA?oc=5) · Duluth News Tribune
- 2009-05-10 [Rysman, Mathiowetz wedding - Duluth News Tribune](https://news.google.com/rss/articles/CBMia0FVX3lxTE9RcjVlUkJDR2I2MDhzWXBQMzhub2F3R0Zkb2oxcXRBck9Lenk3bTE1VVp2NUE1d3Utck1HMEJGR0tjVk93SVlXcUZSejlFQWpEZDNjZlVzOHcwbkhoOWpRVjlRZVUza3h3YUw0?oc=5) · Duluth News Tribune

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=64655 (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/15.json (key "64655", 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=64655
- 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