# NORTHERN PAPER MILLS
GREEN BAY, WI · NCUA charter 66632 · asset band <$50M · latest filing 2020-03 · stopped filing after 2020-03 (departed; for a credit union that is almost always a merger)
Share link (named URL with a preview card): https://getbookiq.com/cu/northern-paper-mills-66632

Who the members are: state charter, organized 1933. 1,999 members of 250,000 potential (0.8% of the field); checking penetration 52% (share draft accounts per 100 members); loans per 100 members 34.

**Verdict on the desk:** this could be *quiet fade*. 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 | $21.9M |
| Members | 1,999 (-3.8% YoY) |
| Full-time staff | 7 |
| Net worth | $4.4M |
| Net worth ratio | 20.1% (p82 of band) |
| ROA (annualized) | 0.22% (p40 of band) |
| Total delinquency | 0.24% (p28 of band) |
| Net charge-offs (annualized) | 0.01% (p47 of band) |
| Loans / shares | 90% (p91 of band) |
| Cash / assets | 16.1% |
| Borrowings / assets | 0.00% |
| Net interest margin | 3.45% (p56 of band) |
| Operating expense / assets | 3.81% (p59 of band) |
| Vehicles % of loans | 29% (p18 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 0% |
| Third-party paper % of net worth | 0% (p45 of band) |
| Vehicle delinquency | 0.71% (p56 of band) |
| Vehicle NCO | 0.00% (p33 of band) |
| Repossessed % of vehicle book | 0.00% (p44 of band) |
| Real estate % of loans | 66% |
| Credit cards % of loans | 0% |
| Unsecured % of loans | 2% |
| Commercial % of net worth | 0% |
| Core shares % of member funds | 76% |
| Certificates % of member funds | 12% |
| Average share balance | $4,004 |
| Participations bought / yr | $0 |
| Participations sold / yr | $0 |
| Participations outstanding | – |
| Loans outstanding per 100 members | 34% |
| Loans granted per 100 members, annualized | 18% |
| Average loan balance | $22,894 |
| Loans granted, annualized | $1.5M |

## Flags firing in the latest filing

- **delinquency rising** (`aq_dq_rising`)
- **members leaving** (`shrink_members`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 1 | losing money |  |
| 2016-06 | 0 |  | losing money |
| 2016-09 | 1 | losing money |  |
| 2016-12 | 0 |  | losing money |
| 2017-03 | 3 | losing money, delinquency rising, members leaving |  |
| 2017-06 | 2 |  | losing money |
| 2017-09 | 2 |  |  |
| 2017-12 | 1 | assets shrinking | delinquency rising, members leaving |
| 2018-03 | 2 | losing money |  |
| 2018-06 | 2 | members leaving | losing money |
| 2018-09 | 3 | delinquency rising |  |
| 2018-12 | 3 | loans>95% of shares | members leaving |
| 2019-03 | 3 | losing money | delinquency rising |
| 2019-06 | 3 | delinquency rising | losing money |
| 2019-09 | 2 |  | delinquency rising |
| 2019-12 | 4 | delinquency rising, members leaving |  |
| 2020-03 | 2 |  | assets shrinking, loans>95% of shares |

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

- 2016-05-24 [Credit unions offer Shred Fest in Fox Valley - The Post-Crescent](https://news.google.com/rss/articles/CBMipgFBVV95cUxPNU5SbTN6VlpTT0R6UXU5VTFqbUlUNXNid3A0alFReW51eHBtaHYyd1BvdUpaWnJ0dGZYOVNjeXJFaHkyVU8weUI3WXgwZ3l1ZUNSV0lvNWhfWlhPRUUwUThKczRjY3JQRUFkOXRTN2c1MzNsMG1iWm5Md2dVV3BDblZldTBDMDVFOU1td1RmUmZwc3FZc3hqbEVKckZzbGkxNlFXSjFn?oc=5) · The Post-Crescent
- 2023-09-08 [James R. Smith Obituary - Green Bay Press-Gazette](https://news.google.com/rss/articles/CBMia0FVX3lxTFBGNTA5Znc0b1lHWXFGQTJiOWlPMnJNWVJUaGlIUU5XZlR3SnNoVHdYNWpiVjFIMGFnaUQ1bVZ4am1KY1VQVnNJNHlFT0Z2cTJUOFpnWGEyNlpETkRobjZMcExJNWwzWXcteVNN?oc=5) · Green Bay Press-Gazette
- 2023-02-22 [Gerald "Jerry" Nick Obituary - Green Bay Press-Gazette](https://news.google.com/rss/articles/CBMiaEFVX3lxTE9WcVpLN0hCSUpTczlSYkZLLUYyRVNVZG54V2l4M01FSjJXTnFiNXlEOXlYZm1NdVNLSW9qUXlQZ0piSXp0OE14elB5Qi1maWxPaGdxYUt0N2VZd3ZMNlJJbW9FZXcxMXVQ?oc=5) · Green Bay Press-Gazette
- 2023-09-06 [Saying 'goodbye': Employees built 'tight knit community' over decades working at Day Street Mill - Green Bay Press-Gazette](https://news.google.com/rss/articles/CBMi1gFBVV95cUxOSlY1TzlvVjc3bUM0X2pKTURRSHNqWGVSM1lKZnE2RlBQdzNFXzE4WDBSekp6bHdoU0ltY2lTZC1XRjFXY3dBYlJFQWJBX1JIU2MtcWhRb1dkWHhMbEtZZ1pwaTQ1Zk5NYUtOUTJ3eHB5Z29CN050WGNoa0tNS0dCLUZKN1ZHZUJ1cjFrcUV0RDA5YlptQ3dVRktlRmJfVVpyTVlGMmFoMmtKNnBGaVYwMjNVREVNWm4tVzBxSWFGejNTbXU2MW8wYjNEejJRTllwVW9KUW9n?oc=5) · Green Bay Press-Gazette

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=66632 (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/8.json (key "66632", 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=66632
- 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