# SOUTHPOINT FINANCIAL
SLEEPY EYE, MN · NCUA charter 68667 · asset band $500M-1B · latest filing 2026-03 · live
Share link (named URL with a preview card): https://getbookiq.com/cu/southpoint-financial-68667

Who the members are: state charter, organized 1936. 34,392 members of 1,758,041 potential (2.0% of the field); checking penetration 54% (share draft accounts per 100 members); loans per 100 members 47.

**Verdict on the desk:** this could be *indirect buyer*. 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 | $620.0M |
| Members | 34,392 (4.3% YoY) |
| Full-time staff | 98 |
| Net worth | $67.0M |
| Net worth ratio | 10.8% (p57 of band) |
| ROA (annualized) | 0.88% (p65 of band) |
| Total delinquency | 0.15% (p6 of band) |
| Net charge-offs (annualized) | 0.13% (p13 of band) |
| Loans / shares | 84% (p57 of band) |
| Cash / assets | 14.2% |
| Borrowings / assets | 1.58% |
| Net interest margin | 2.95% (p19 of band) |
| Operating expense / assets | 3.10% (p25 of band) |
| Vehicles % of loans | 26% (p43 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 71% |
| Third-party paper % of net worth | 127% (p57 of band) |
| Vehicle delinquency | 0.33% (p26 of band) |
| Vehicle NCO | 0.40% (p24 of band) |
| Repossessed % of vehicle book | 0.06% (p53 of band) |
| Real estate % of loans | 58% |
| Credit cards % of loans | 1% |
| Unsecured % of loans | 2% |
| Commercial % of net worth | 78% |
| Core shares % of member funds | 36% |
| Certificates % of member funds | 36% |
| Average share balance | $7,385 |
| Participations bought / yr | $0 |
| Participations sold / yr | $0 |
| Participations outstanding | $0 |
| Loans outstanding per 100 members | 47% |
| Loans granted per 100 members, annualized | 10% |
| Average loan balance | $27,918 |
| Loans granted, annualized | $143.2M |

## Participation posture (from the same filings)

Bought $0 and sold $0 in the latest annualized quarter; $0 outstanding purchased (0.0% of net worth), $4,698 sold and retained. Sold in 0 and bought in 0 of the last 8 quarters. Shares 10.7% year over year.

## Flags firing in the latest filing

- **3rd-party paper>100% NW** (`str_thirdparty`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 1 | leaning on borrowings |  |
| 2016-06 | 1 |  |  |
| 2016-09 | 1 | net worth falling | leaning on borrowings |
| 2016-12 | 0 |  | net worth falling |
| 2017-03 | 1 | delinquency rising |  |
| 2017-06 | 1 | loans>95% of shares | delinquency rising |
| 2017-09 | 2 | net worth falling |  |
| 2017-12 | 1 |  | loans>95% of shares |
| 2018-03 | 0 |  | net worth falling |
| 2018-06 | 3 | delinquency rising, loans>95% of shares, 3rd-party paper>100% NW |  |
| 2018-09 | 3 |  |  |
| 2018-12 | 2 |  | loans>95% of shares |
| 2019-03 | 2 | net worth falling | delinquency rising |
| 2019-06 | 1 |  | net worth falling |
| 2019-09 | 1 |  |  |
| 2019-12 | 1 |  |  |
| 2020-03 | 2 | net worth falling |  |
| 2020-06 | 2 |  |  |
| 2020-09 | 2 |  |  |
| 2020-12 | 2 |  |  |
| 2021-03 | 2 |  |  |
| 2021-06 | 1 |  | net worth falling |
| 2021-09 | 1 |  |  |
| 2021-12 | 1 |  |  |
| 2022-03 | 1 | delinquency rising | 3rd-party paper>100% NW |
| 2022-06 | 2 | 3rd-party paper>100% NW |  |
| 2022-09 | 2 |  |  |
| 2022-12 | 3 | leaning on borrowings |  |
| 2023-03 | 1 |  | delinquency rising, leaning on borrowings |
| 2023-06 | 2 | leaning on borrowings |  |
| 2023-09 | 2 |  |  |
| 2023-12 | 1 |  | leaning on borrowings |
| 2024-03 | 1 |  |  |
| 2024-06 | 1 |  |  |
| 2024-09 | 2 | leaning on borrowings |  |
| 2024-12 | 2 | net worth falling | leaning on borrowings |
| 2025-03 | 2 |  |  |
| 2025-06 | 2 | leaning on borrowings | net worth falling |
| 2025-09 | 2 | delinquency rising | leaning on borrowings |
| 2025-12 | 2 |  |  |
| 2026-03 | 1 |  | delinquency rising |

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

- 2026-09-09 [A Community Effort That Helped Students Start the School Year Ready to Learn - southernminn.com](https://news.google.com/rss/articles/CBMiigJBVV95cUxNWXRuQmpOWjBKNmRVUC10ZWxtNXF3TVVJY0JkQWc3UE9ZQ0pfbG5MY1luYllmY0Z6em4taDZTM2Jya0pZaHR2UU96elpES05yYWZ1QWNmc19QT2M4Skg4OU82alhUMzdHLVd4QnU1ZHBXc01XaGRRWXBEem1aMy1YdDZlTFQtaUVsOHJkYm5sX0h1WXI2Ym9mdDU0RWhXajVrZGlwZ2I3V2N3cmdyX2dsVDFva2lPQTZVLUUxOGt5X043NXVMZDhXa0s1Ymdva1lub3JqM3FRM3N1Q1F0RklOeE41OFl2RW5lVFRCb2NxdEVidDZLUFJRUkdlUmJqRXRYQzVXRFhuZTVJdw?oc=5) · southernminn.com
- 2026-01-14 [New Ulm Rec Center naming rights agreement review points to SouthPoint - - nujournal.com](https://news.google.com/rss/articles/CBMiwgFBVV95cUxPd1NLc0xxZXlpemQ1ZWxaalJLZjd4Vjl4OTFRYndKRFF2aDBfREhxTmVNNUFIZlhhSG1fNVJaRHlLZ0FvSDR4QXVtRVd5QkYwdDg1Mlh5bV81LXJvZXZWYjdGMEFVRk0xdFJKM29QSjg1LW5KXzROaGdtVHZwNlpjVHZCOEZzUUQ1VDl1ZV9KaGRuaFRTeFdSMU1NZTJLcmVlSFpndk5zUHl4bFVaMjN0endiZkhsR0FuNFpJdFNhRXZ3QQ?oc=5) · nujournal.com
- 2026-01-22 [Recreational facility officially SouthPoint - - nujournal.com](https://news.google.com/rss/articles/CBMingFBVV95cUxQbGhWcVN1MnFadllFb1E4ZEs5aEI5a1lqSkozTTEtNVBIaGcwYzUxQUlyR3BWRFNYUWE4d3gzNms4YV9pRk5vRW1sVUtSQjY0dENZRk9yYkdsbUpvNWFvY29hZXd2cnZzREZTVDR3a1VIRkp6VGFDNmNfSFdsUXI3YjY0SWZuQTJsQ1cwand3V0tacUJqS0RVci1hWmotQQ?oc=5) · nujournal.com
- 2025-06-16 [CUSG celebrates winners of 2025 Tax Time Sweepstakes: Rewarding credit union members with cash prizes and exclusive discounts - CUInsight](https://news.google.com/rss/articles/CBMi-AFBVV95cUxNY3M5R1djM0t5MWlVcENsN2F0YWFsbFpEYmlHVHRsRGdTaUZoVWlYcEdGaEg4czRuVUo1cXpqOHlmR01Yc0p6RjRCWWx2N1NVcS1ubEN0aTUzakphdXlfdDhoMHRENU5XUFMzTDVzdlBWUnM0YXJXd0lKM0c1VkRKVG1GV2NsT1BsV1k3RWhGZlBaNkJLNjB5ZTdNclRBQnB1UktsdHZ5OHpZb2VxRFJQSWlKRmRNZS1pSVp5S0tnazF4R0lnUFQ0OFdHeEp1RGxTZGFSNmFaV09sNEJaZ3BkNkdfY1BfNjhER2hURmhwWHFxal9GeE9Ebw?oc=5) · CUInsight
- 2016-04-19 [Harley Braun awarded Family Involvement Council scholarship - The Stockton Record](https://news.google.com/rss/articles/CBMirwFBVV95cUxQamFmZjQwUVEtc2Y3bUstc2FIaXFqNFRmNTI1U19BOTV2R1J0ZzFGZlh6eV9jbkhlOG5JNk5CRzcwSmtpeHV6M0FBT2ZBVWYwcWFISldvT0NVbDBHUG0xMFFic2RIVGFkUEgwaEdpSDRXblJNX2VKa2xmUXk4emRpRHpJaEw2ZGk3X0dPY2c1clE3RmVnQ1hZVWw4d2JqNGxVRmtFUjF4aUxVV3lPMkpB?oc=5) · The Stockton Record
- 2025-07-11 [Bank partnerships award funds to local initiatives - Mankato Free Press](https://news.google.com/rss/articles/CBMi4wFBVV95cUxPNUkzbi1IRkhBNUYtNDdoUUZrRlZnbnRVaENNQUNsT1JqN3htTFZFcmhSRWhjelk0VEdHQ2p4bk5SNkUwajJ5clZlT2M2UDZYUGJpT0xqWUt5amFtVHR6dy1lZG1nTmhRbFlHdW1TU3RsUzFxVmkyWXNTVHVOM3BfQTBjQTAyTXdyM0NZY1lELVFzdnVBQnkxUEN6dFE5b2hoZVVLc3dQZHV3SXdCcW5RdjVEZmtxQ0x4QTI0aG5fbE1hTDN2aXJ5MkV3amloN3dGd3dyMU9kV2dzYWJIZE1yZzlfbw?oc=5) · Mankato Free Press
- 2022-09-26 [Annual Nickle Dickle Day draws crowds to Waconia - hometownsource.com](https://news.google.com/rss/articles/CBMi5gFBVV95cUxPa2kzUHNzUWhaUlYtMDRFbUZxLUEwT09tX3FOUXdmZC0tMjFDS1RBdnUxS3BoUXZZbUhtLWkzYzVJVmV3RHhfNGh2U1hNVkExaXZaQmNVbVFtaHJVY0JmTFloeWVuRjZqZ2RhN2tHblg2ZjNvd214ZmZpRkhralYwV3BxTmI3MmlBZ1p2MlFWUXhTUTdjd2RielpwSGF0Qk1PWkczZ1R6Mm04XzFXNnJNUmU1WXBmelpUZ1hhZXRwMW96OEtkbll3YlZlaC1kRVhJTkI5Y3ZCM201aFBJN1NpMG44cm5qQQ?oc=5) · hometownsource.com
- 2021-08-12 [‘It won’t be the same without ‘Red’ - - Marshall Independent](https://news.google.com/rss/articles/CBMilwFBVV95cUxNY0NIdkNvcWVNMnUxY0ppVHZIRktWQXNPcjNpUHNzZ3F6OFlZUWdZU1FWQnk4Zmk2UUpYQmNreFR0dTJvWDIwMWdQeElZZEt0akNiQy03dzBOU0Yxc2lFR0hWY1hYcE53MjlGNllvemYyX1U4dnByemZoTzNKQ1dmZHRhaGdPbVlSdzlUdnRzUTJ2TTFuVmw0?oc=5) · Marshall Independent

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=68667 (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/59.json (key "68667", 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=68667
- 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