# LEADING EDGE
Worthington, MN · NCUA charter 66867 · asset band $100-200M · latest filing 2026-03 · live
Share link (named URL with a preview card): https://getbookiq.com/cu/leading-edge-66867

Who the members are: state charter, organized 1986, low-income designated. 12,087 members of 351,800 potential (3.4% of the field); checking penetration 65% (share draft accounts per 100 members); loans per 100 members 56.

**Verdict on the desk:** this could be *ordinary*. Composite score 1 of 18 (one point per flag across 17 flags, capital below 7% counted twice).

## What the filing shows

| Measure | Value |
|---|---|
| Total assets | $146.0M |
| Members | 12,087 (6.0% YoY) |
| Full-time staff | 41 |
| Net worth | $12.7M |
| Net worth ratio | 8.7% (p11 of band) |
| ROA (annualized) | 0.15% (p16 of band) |
| Total delinquency | 0.85% (p66 of band) |
| Net charge-offs (annualized) | 0.28% (p44 of band) |
| Loans / shares | 81% (p72 of band) |
| Cash / assets | 16.2% |
| Borrowings / assets | 0.00% |
| Net interest margin | 3.26% (p28 of band) |
| Operating expense / assets | 4.41% (p75 of band) |
| Vehicles % of loans | 34% (p45 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 28% |
| Third-party paper % of net worth | 78% (p64 of band) |
| Vehicle delinquency | 1.64% (p86 of band) |
| Vehicle NCO | 0.62% (p55 of band) |
| Repossessed % of vehicle book | 0.00% (p32 of band) |
| Real estate % of loans | 47% |
| Credit cards % of loans | 2% |
| Unsecured % of loans | 4% |
| Commercial % of net worth | 108% |
| Core shares % of member funds | 41% |
| Certificates % of member funds | 31% |
| Average share balance | $5,396 |
| Participations bought / yr | $0 |
| Participations sold / yr | $538,324 |
| Participations outstanding | $599,195 |
| Loans outstanding per 100 members | 56% |
| Loans granted per 100 members, annualized | 13% |
| Average loan balance | $15,765 |
| Loans granted, annualized | $33.8M |

## Participation posture (from the same filings)

Bought $0 and sold $538,324 in the latest annualized quarter; $599,195 outstanding purchased (4.7% of net worth), $1.5M sold and retained. Sold in 8 and bought in 0 of the last 8 quarters. Shares 1.2% year over year.

## Flags firing in the latest filing

- **thin capital** (`cap_low`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 0 |  |  |
| 2016-06 | 1 | loans>95% of shares |  |
| 2016-09 | 0 |  | loans>95% of shares |
| 2016-12 | 2 | net worth falling, loans>95% of shares |  |
| 2017-03 | 1 |  | loans>95% of shares |
| 2017-06 | 0 |  | net worth falling |
| 2017-09 | 0 |  |  |
| 2017-12 | 0 |  |  |
| 2018-03 | 2 | net worth falling, repo signal |  |
| 2018-06 | 0 |  | net worth falling, repo signal |
| 2018-09 | 1 | loans>95% of shares |  |
| 2018-12 | 1 | delinquency 2x band | loans>95% of shares |
| 2019-03 | 4 | net worth falling, delinquency rising, repo signal |  |
| 2019-06 | 0 |  | delinquency 2x band, net worth falling, delinquency rising, repo signal |
| 2019-09 | 2 | delinquency 2x band, members leaving |  |
| 2019-12 | 0 |  | delinquency 2x band, members leaving |
| 2020-03 | 1 | net worth falling |  |
| 2020-06 | 2 | margin squeeze |  |
| 2020-09 | 3 | delinquency 2x band, loan book shrinking | net worth falling |
| 2020-12 | 3 | thin capital, losing money | delinquency 2x band, loan book shrinking |
| 2021-03 | 6 | net worth falling, expense trap, loan book shrinking |  |
| 2021-06 | 3 |  | margin squeeze, net worth falling, loan book shrinking |
| 2021-09 | 2 |  | losing money |
| 2021-12 | 2 |  |  |
| 2022-03 | 4 | net worth falling, delinquency 2x band, delinquency rising | expense trap |
| 2022-06 | 2 |  | net worth falling, delinquency 2x band |
| 2022-09 | 2 |  |  |
| 2022-12 | 3 | members leaving |  |
| 2023-03 | 3 | delinquency 2x band | delinquency rising |
| 2023-06 | 2 |  | delinquency 2x band |
| 2023-09 | 3 | losing money |  |
| 2023-12 | 2 |  | members leaving |
| 2024-03 | 2 | leaning on borrowings | losing money |
| 2024-06 | 2 |  |  |
| 2024-09 | 2 |  |  |
| 2024-12 | 2 |  |  |
| 2025-03 | 1 |  | leaning on borrowings |
| 2025-06 | 3 | delinquency 2x band, delinquency rising |  |
| 2025-09 | 1 |  | delinquency 2x band, delinquency rising |
| 2025-12 | 0 |  | thin capital |
| 2026-03 | 1 | thin capital |  |

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

- 2025-07-09 [Leading Edge Credit Union Welcomes New Manager to Worthington Branch - The Globe | Worthington, Minnesota](https://news.google.com/rss/articles/CBMi0AFBVV95cUxPNG8yV1NoTlZPNVBFV2pLckVUVkdkVVVCb2YtQjNjdHEya3RrcGh6QjhRVzJuSlJlQ3ZhTHVqVGN6cHB1RDI3X2VSWG9mX2I2Yy1MS2w2MDh6VHA2NU54UERscUdnZXg5bDRhRkxBa0haUW5kSWRzWGY0cDIwc3VpbGZvU3gxeDhCYXVDSkZ2b2RjS2NaMWhNYjNUOU5zRVhLQ3BJV0Y0NWFwXzhOTVM0ZnhnU1AyUm1XUU9VVEpjTFdLT0pYWllZdUoxUkJ2WG5W?oc=5) · The Globe | Worthington, Minnesota
- 2020-04-16 [Tower Health Receives $10,000 Donation from Diamond Credit Union for PPE - Berks Community Television](https://news.google.com/rss/articles/CBMitwFBVV95cUxNRlZ0c2JnTkZ6VVpJRlNFVGpHd2NtSGo2TV9tZkNjRDk4cjg3NlZ0QTllZ2JiNHUzUTh0eDJJaTcwQkpfWjVhQ1RmOXpQaVR5TjdWaHUyamYwWDN1U1h1bG5qWVdSNTdGaGlpbUt4SE5ldk53c01GMFFfVk5jeU9HTklXUXpFSVBlVndzSU8tQzU2MXBWV184a2hhUUFSOXVrZmRqVDhNeC1xeGJEWmdlUEcwcFpQaGM?oc=5) · Berks Community Television
- 2025-09-05 [Celebrating 2025’s Best Places to Work! - Grand Forks Herald](https://news.google.com/rss/articles/CBMikAFBVV95cUxORS1XdTUtRmR5TTdtd1UwOHFPOVBVNHExbFRRYWJKRS1MRXlTRkNkS09RUVo1di1YUHh5R2gzR3hjNGFnLXA0cXAzZzNwcEF6c3h1dUFBRThCZEV0cTg2NENqUTBHMHdFX0VFaEtsTE9yQXJlblp2Ul93WUtBVjBCYmFnVnd6c043cndQNEJ2WV8?oc=5) · Grand Forks Herald
- 2023-08-18 [Windom woman charged with attempted theft as bizarre scam unfolds - The Globe | Worthington, Minnesota](https://news.google.com/rss/articles/CBMimAFBVV95cUxNX3YteEhpU1FiU2FyQktuRnZtU2VXb1JEZXhlYklWd1EyWEhhVGxlUVF4QlBHMkNZNXlibTdrOXVYN2JLaGh4NDV5aHFwdGRqYmQ5UnMxbzRicVNFcXNWV281S29BaG9WVVFFamJxQUQtZnMyb1NsMS1tTHlDeU55VjFpREY2SnA0RUdnR0Fnb0FlZTBFRnhibg?oc=5) · The Globe | Worthington, Minnesota
- 2023-01-27 [FORWARD Worthington announces winners of Community Service, Hospitality, Education awards - The Globe | Worthington, Minnesota](https://news.google.com/rss/articles/CBMivgFBVV95cUxNMjNPMWowWmRZek14RFg1R2VUMlM2TkFPb00wM1NRbGRReWZ5QTllMzFmY1pRRXdzTnNETDR3RTF1Z3pOZXNvdjVvT012VFB1WmxMUmhOaW0tUV9IMnQzalFpSlU2b3ltT0RfV25VSk1IMFd5MG9mRHB3Q1dfeDZWNXNNUzJGb0JYTFllRmxpZHA1TzR4Z1NUSzFCSE1yLWFCVDVJT3Zpb05URFBqNjVKeWRTbHFQUGRpVDZ6bkJB?oc=5) · The Globe | Worthington, Minnesota
- 2023-04-18 [Tobacco license approved for Corky's Corner in Worthington - The Globe | Worthington, Minnesota](https://news.google.com/rss/articles/CBMilgFBVV95cUxNY3VWSkxJT0kwUGJmRm9wOWxPLVQzMjY3QV80cXVub2xJTUw0OVlXR203cFprWEt4OUdXUXpGREVvTjd3R1Bqal9iQ2lUQ3hoUktTOHZLamxudm5EMmZuakNBYTNlVi1lM00wTU54X2xYLVF5cE8tM09PY3loXzRpeHYtUno0TkdFR2o1cXpRQjNWUExwZGc?oc=5) · The Globe | Worthington, Minnesota

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=66867 (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/51.json (key "66867", 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=66867
- 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