# NORTHERN HILLS
STURGIS, SD · NCUA charter 6986 · asset band $100-200M · latest filing 2026-03 · live
Share link (named URL with a preview card): https://getbookiq.com/cu/northern-hills-6986

Who the members are: federal charter, community charter, organized 1950, low-income designated. 12,667 members of 886,667 potential (1.4% of the field); checking penetration 51% (share draft accounts per 100 members); loans per 100 members 54.

**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 | $196.6M |
| Members | 12,667 (6.6% YoY) |
| Full-time staff | 41 |
| Net worth | $19.2M |
| Net worth ratio | 9.8% (p24 of band) |
| ROA (annualized) | 0.84% (p60 of band) |
| Total delinquency | 0.40% (p33 of band) |
| Net charge-offs (annualized) | 0.39% (p57 of band) |
| Loans / shares | 92% (p92 of band) |
| Cash / assets | 5.4% |
| Borrowings / assets | 0.00% |
| Net interest margin | 3.86% (p62 of band) |
| Operating expense / assets | 3.77% (p55 of band) |
| Vehicles % of loans | 43% (p61 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 63% |
| Third-party paper % of net worth | 251% (p91 of band) |
| Vehicle delinquency | 0.59% (p52 of band) |
| Vehicle NCO | 0.90% (p69 of band) |
| Repossessed % of vehicle book | 0.12% (p81 of band) |
| Real estate % of loans | 41% |
| Credit cards % of loans | 0% |
| Unsecured % of loans | 2% |
| Commercial % of net worth | 57% |
| Core shares % of member funds | 46% |
| Certificates % of member funds | 39% |
| Average share balance | $6,995 |
| Participations bought / yr | $0 |
| Participations sold / yr | $0 |
| Participations outstanding | $2.1M |
| Loans outstanding per 100 members | 54% |
| Loans granted per 100 members, annualized | 22% |
| Average loan balance | $23,764 |
| Loans granted, annualized | $80.4M |

## Participation posture (from the same filings)

Bought $0 and sold $0 in the latest annualized quarter; $2.1M outstanding purchased (11.1% of net worth), $0 sold and retained. Sold in 0 and bought in 0 of the last 8 quarters. Shares 17.5% year over year.

## Flags firing in the latest filing

- **net worth falling** (`cap_falling`)
- **3rd-party paper>100% NW** (`str_thirdparty`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 1 | 3rd-party paper>100% NW |  |
| 2016-06 | 1 |  |  |
| 2016-09 | 1 |  |  |
| 2016-12 | 1 |  |  |
| 2017-03 | 1 |  |  |
| 2017-06 | 3 | net worth falling, delinquency rising |  |
| 2017-09 | 1 |  | net worth falling, delinquency rising |
| 2017-12 | 1 |  |  |
| 2018-03 | 1 |  |  |
| 2018-06 | 2 | net worth falling |  |
| 2018-09 | 1 |  | net worth falling |
| 2018-12 | 1 |  |  |
| 2019-03 | 2 | delinquency rising |  |
| 2019-06 | 2 | net worth falling | delinquency rising |
| 2019-09 | 1 |  | net worth falling |
| 2019-12 | 2 | delinquency rising |  |
| 2020-03 | 2 | net worth falling | delinquency rising |
| 2020-06 | 3 | delinquency rising |  |
| 2020-09 | 4 | margin squeeze |  |
| 2020-12 | 3 |  | delinquency rising |
| 2021-03 | 3 |  |  |
| 2021-06 | 2 |  | net worth falling |
| 2021-09 | 1 |  | margin squeeze |
| 2021-12 | 1 |  |  |
| 2022-03 | 2 | net worth falling |  |
| 2022-06 | 2 |  |  |
| 2022-09 | 3 | delinquency rising |  |
| 2022-12 | 1 |  | net worth falling, delinquency rising |
| 2023-03 | 2 | delinquency rising |  |
| 2023-06 | 1 |  | delinquency rising |
| 2023-09 | 1 |  |  |
| 2023-12 | 3 | delinquency rising, leaning on borrowings |  |
| 2024-03 | 4 | net worth falling |  |
| 2024-06 | 4 |  |  |
| 2024-09 | 2 |  | leaning on borrowings, net worth falling |
| 2024-12 | 2 |  |  |
| 2025-03 | 1 |  | delinquency rising |
| 2025-06 | 1 |  |  |
| 2025-09 | 1 |  |  |
| 2025-12 | 1 |  |  |
| 2026-03 | 2 | net worth falling |  |

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

- 2025-01-14 [South Dakota Credit Union Taps Local Talent As New CEO - PR Newswire](https://news.google.com/rss/articles/CBMirwFBVV95cUxNUkJOS09QYTNJRFZxNkFmQjdad2tTakRIdkstUmx4SEdlanl0NmZXTWNMMXVqRnBNWFBEa0o4dlNvMkRqemJRQ3hkZ3pYcVF1WXRxYkJpdkVRSDhDWWxSZ00xSndHYlFsMWs2aUI2djZsS0NrdGQzRDZLci1GV1piTEJlT2otU3RzTjFjOFNMcF9EMm9WcmVCLTVUTFhSdUpRNS1vVVRuYkp4QjlIdDFj?oc=5) · PR Newswire
- 2025-09-09 [Alloya Elects Two New Board Members At Annual Meeting - cutoday.info](https://news.google.com/rss/articles/CBMilAFBVV95cUxPWC14YlJ6S3VndWIzcFhiY3RSV1gtQjZJRGtRMUpBLThWYnJpZEVkMzhIMk5xX3B1WEZpdHdTXzFIaHh6MnBlc09nTkVYUWtsNlpvNUM2T1JMblhZbkgtODktZzhPSUZlaUZFNEFTN1BDamwxdkpzRHhvTVFUQzJTNzdFaUM5ZE5LUFJiUDg5Smk1aHc0?oc=5) · cutoday.info
- 2026-01-05 [Darleen A. Hicks Obituary Jan 5, 2026 - Fidler-Isburg Funeral Chapels & Isburg Crematory](https://news.google.com/rss/articles/CBMid0FVX3lxTE12cG5qbVNMNDNCZ295U1ZSWjlxdFdJUllIMnFYM0JXT1VIMDhYNkRpU3VGRU5RMFB3aEZPN3FrWXVtam5Nb2ZqR1NEbjdfTlplS2ZNcjlrOWpKXzZCbUM5R0ZXcFcybUZaOHhRTW4xOHI2ZHNmRTRV?oc=5) · Fidler-Isburg Funeral Chapels & Isburg Crematory
- 2021-11-08 [How credit unions use AI to compete with fintech lenders - americanbanker.com](https://news.google.com/rss/articles/CBMiqAFBVV95cUxOc3dtbXZJd0ZOeEhmVVpENlRyMGRINEh2NGpUNWlVQ2NjbDdxSERCbS1WenptUUMwT0lpQVpuMGZlMkpUTmxPVThRRGw3R2ZpbUROdG5uM3ZKc2dhcjRrQVpvNVBwM0dISHVnMWZoUjZEZUxRaUtnUkdxMVRYUGJJdUxUbHQtQW52a3lmSjlwUEM4NEc0WnBCRTRhNkJUeXJOcnhqWGUzWDQ?oc=5) · americanbanker.com
- 2026-02-26 [Behind the Industry's New Push to Elevate Small Credit Unions - CUTimes](https://news.google.com/rss/articles/CBMinAFBVV95cUxPeWcxTkJMNGtMWWY1NHdnLTVMb2NUcnZicGZidjBZZ3NFeEF5b1pKRGhaS2FLRkhZYlgxdTBYMzhFaUt2aW1hU0puUExqa2Fzd2VWajRWN1BrTURNTk00bURzcDA5dWNGcjNkX2lsSld5X3dTMXRCcHZDTDZ6dW5IWkl2dFppR193NndJN2FydlhzZl9ob2hUUkhaZjI?oc=5) · CUTimes
- 2023-03-03 [CFPB Announces Appointments of New Advisory Committee Members - Newswire.com](https://news.google.com/rss/articles/CBMiogFBVV95cUxPbUd3Wk1EZTlRNGxjV19qcktDeDRhVHJEM09hUDB5OTBwLXpjLTNPOUtZb3JXQTN6aDRlc2FWSzNlbGNvRGpaZVZBLXc4eXdrdzBoR1B3aFlVWnBoVGEzOE1JM3FLckxnZ05jUE9DV0FpUWVZVS1TRDRTbFJKMDlpbnhnRTZmOTJvbXhnVHFVc2FmcDlhRElRVHJPTlM4bnlTWlE?oc=5) · Newswire.com
- 2019-05-06 [Two Dakota CU professionals inducted into Hall of Fame - CUInsight](https://news.google.com/rss/articles/CBMimwFBVV95cUxOODVXeVVTWnVMWkx4LUtHN3FQclF0REFJVGczZm1LQ1NqcXRQN1hEbTYyRktlX1lOeHZ3VjFtZGNmSUNGREMtS1REd3prOWZRbDFhY3V5T3NWMnFHNlBBWUY2UFh1QTFoenpnT2tZeWlEcGJhR1lXR0lBZDNjN0EzbmtRNmR0VE1FYW5lRVM1cjhuZ2Vld3p5UVY3dw?oc=5) · CUInsight
- 2023-07-28 [Meade County Fair and 4H Achievement Days underway - KBHB Radio](https://news.google.com/rss/articles/CBMiRkFVX3lxTE5ua3prbHV4R0pfRk5UVGRLUFg5X0stQkZDMUQySk0wRE9LUk5mM3c0N0VrcWhSQUFQNGNWZjM5U0MyeGUyanc?oc=5) · KBHB Radio

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=6986 (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/10.json (key "6986", 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=6986
- 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