# CENTRICITY
HERMANTOWN, MN · NCUA charter 68685 · asset band $200-500M · latest filing 2026-03 · live
Share link (named URL with a preview card): https://getbookiq.com/cu/centricity-68685

Who the members are: state charter, organized 1943, low-income designated. 21,757 members of 322,437 potential (6.8% of the field); checking penetration 53% (share draft accounts per 100 members); loans per 100 members 59.

**Verdict on the desk:** this could be *indirect buyer*. 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 | $337.9M |
| Members | 21,757 (-4.4% YoY) |
| Full-time staff | 79 |
| Net worth | $45.4M |
| Net worth ratio | 13.4% (p77 of band) |
| ROA (annualized) | 1.69% (p94 of band) |
| Total delinquency | 0.61% (p51 of band) |
| Net charge-offs (annualized) | 0.46% (p59 of band) |
| Loans / shares | 92% (p90 of band) |
| Cash / assets | 14.2% |
| Borrowings / assets | 3.76% |
| Net interest margin | 4.87% (p98 of band) |
| Operating expense / assets | 3.97% (p62 of band) |
| Vehicles % of loans | 36% (p57 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 68% |
| Third-party paper % of net worth | 224% (p84 of band) |
| Vehicle delinquency | 0.94% (p75 of band) |
| Vehicle NCO | 0.88% (p63 of band) |
| Repossessed % of vehicle book | 0.09% (p70 of band) |
| Real estate % of loans | 45% |
| Credit cards % of loans | 0% |
| Unsecured % of loans | 3% |
| Commercial % of net worth | 25% |
| Core shares % of member funds | 73% |
| Certificates % of member funds | 16% |
| Average share balance | $6,747 |
| Participations bought / yr | $0 |
| Participations sold / yr | $0 |
| Participations outstanding | $31.0M |
| Loans outstanding per 100 members | 59% |
| Loans granted per 100 members, annualized | 12% |
| Average loan balance | $19,880 |
| Loans granted, annualized | $91.5M |

## Participation posture (from the same filings)

Bought $0 and sold $0 in the latest annualized quarter; $31.0M outstanding purchased (68.2% of net worth), $747,220 sold and retained. Sold in 0 and bought in 7 of the last 8 quarters. Shares 6.6% year over year.

## Flags firing in the latest filing

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

## Warning timeline

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

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

- 2025-01-11 [Proctor Federal Credit Union merging with Centricity - BusinessNorth](https://news.google.com/rss/articles/CBMi4AFBVV95cUxQSWtjcjl2TlhFXzZwbFJWbU1abEw3Qms4WE9tRTlNQXBaYTdfdlB4OWp6NkE1SjMzUWRCZm5WeUZqUzNrRHV1THVwUWxCcDNtbDlNVlZEZHZ2WElpLU1ndHVBcDBxNFpLZEZWRVQ1bDk4OTJudGtCTTg1RHdiNnpnOU5zWHJ2eW1RYmdwd1dnZkdvYzVnQzNtSnlrbWVkZHZpQVRUaDI5R0NIeXExNEZhdDF0STYxMXVZaG42N3FMdTJwMVZ4Z2hEUFU0NzVaTXFtVGpCY0ZlZkhvc19ENGNINw?oc=5) · BusinessNorth
- 2026-08-05 [Obituary for James "Jim" M. Slagle - ohalloranmurphy.com](https://news.google.com/rss/articles/CBMiZ0FVX3lxTFBBTk5HWkRDdTFiSlc3a0R5d2xSU0kwYUgzekdoaUpWUDNZR1duUFBZekRzWXBjSUNaTHhpUzBCQmx4bHlDQWl5YTdYNFI4dkJRRkNiUFN0XzBnNGlNVWcyZlVXWjFiNmc?oc=5) · ohalloranmurphy.com
- 2026-08-14 [Hunter Nelson - Strib Varsity](https://news.google.com/rss/articles/CBMilwFBVV95cUxNX00yNXhyMWU5RUI5ek0tT1dycGFGTjRVTE1SdEdwVkppa21UaVZkNTFRZkc3VE91bXctTWM1VXVYWkk2bnAxYVpXX2o1Z0tmUHVoMXNCSDB3VHc3aVFLazBsRnFLdHl1Z0ExWDhwejEwa05XR3J3Nks5d1VQdUtjdlR6M1BNRHZETXIxdFNTYWtvWXZUZkZv?oc=5) · Strib Varsity
- 2024-08-24 [Duluth police investigate suspected Lakeside homicide - Duluth Monitor](https://news.google.com/rss/articles/CBMijAFBVV95cUxOOXhtT29hTW5aN0toN1d2NjJNbV9jWUhSQ0o0cWFVenZYYmhRaEFJT1NuVFgzTWhrbENnZjNneGdVQ1JGVEE2UC1Sa0NkX25feE9LLWg3VXpGNFd2S2EzNktpWGdid3RSQW85ay1jUTI1OTU0el9BcW9xQWdhWlBzeTR3cmdyS0cxZE5iSQ?oc=5) · Duluth Monitor
- 2026-02-08 [Trial set for man accused of fatal Duluth stabbing, fire - Duluth News Tribune](https://news.google.com/rss/articles/CBMiogFBVV95cUxNNDlUdUVtb09KaXJSWXRfTDFwbHE2V3VuOFBtTnZzS3Vha01KQUxsVFh1T20wY1RfT1puajFBMGFuVy12REhLNTZXNUFMSC1hZ1EwWU9OUk9ZMkVRV2VWZktJVkVNT0pFNF9fWjRuLVBETFV5Nm9ZN2pYX3h2Mnc4TlVqMHNOLVM2OXhEWDF3M1NRdmRPWTlEZHBOeXNYSkVvbVE?oc=5) · Duluth News Tribune
- 2026-08-16 [Brennan Malmstrom | Hermantown Boys Soccer - Strib Varsity](https://news.google.com/rss/articles/CBMinAFBVV95cUxNcG5rNk1jQ2VZQlBrNXRHMXNuVVl6YUtaaFdLNmJtcmxKemFJQ1NuVUxYR3FuUnRmVUhXbk1yYV9UTWhNQWk5OEkwMXRwZER1ZzAtT2VHTmFjQWgzWS1ST3NQaVhIeEFmMmU0aEtjb092UWdES3hQaGk3Q0JRUHlJTC1UejVkX19qMkhxZzJ5UkNXVEQzSklpT2tUbU4?oc=5) · Strib Varsity
- 2022-06-13 [Leonard Luoma Obituary (2022) - Duluth, MN - Ashland Daily Press - legacy.com](https://news.google.com/rss/articles/CBMimgFBVV95cUxPYlB0NzhseGNjWTBxNE8ya2RkQlhlWXlEb0xtVndXR3FhZ3VReDdHcFM1RHRRZ3FONjVHaGxqSHUxYzBmcnY4U1ZGZGlSUTZIbUdNUnNJTTBqVFB4MEQyUGpVYjV1Q2lCNEFLZ1pkRjZ3cWlIT0tnaWVscWJnbHpvV3NYcHR0bkt2Ylp6ZUxpelBMMVZfeUVXNXRR?oc=5) · legacy.com
- 2017-11-28 [Hermantown Chamber announces new board members - BusinessNorth](https://news.google.com/rss/articles/CBMi0wFBVV95cUxPcVFVdXE0M2NCQkNqZkhmbE53LVJDT0VvdWpPRl92Tkt6UVBmMkxFYmRMM0tBMGp6LTJ6VGZCQl9DZ29NOW9YczZYZjQzV1BRYmkyeGNaUEs1MVJtN3o1clhnRHg4S19KWjNsZ0pzbWVsUVo1dXhJVVh5bm5zbWk1NDFKajZ4aW1EdG5XVVFXb0RaME5KLVFTZVRmbjJjZHhESjcyNkZvSVc1RzFJaFZyXzB6bDhhZmQ3UHNWTXk0MjU4ajB1enNuSUllT0c4b3JsQTA4?oc=5) · BusinessNorth

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=68685 (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/13.json (key "68685", 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=68685
- 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