# LIMESTONE
Manistique, MI · NCUA charter 10083 · asset band $50-100M · latest filing 2024-12 · stopped filing after 2024-12 (departed; for a credit union that is almost always a merger)
Share link (named URL with a preview card): https://getbookiq.com/cu/limestone-10083

Who the members are: federal charter, community charter, organized 1954, low-income designated. 4,690 members of 301,608 potential (1.6% of the field); checking penetration 70% (share draft accounts per 100 members); loans per 100 members 92.

**Verdict on the desk:** this could be *ordinary*. 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 | $75.3M |
| Members | 4,690 (6.5% YoY) |
| Full-time staff | 18 |
| Net worth | $8.0M |
| Net worth ratio | 10.6% (p31 of band) |
| ROA (annualized) | 0.51% (p41 of band) |
| Total delinquency | 0.62% (p47 of band) |
| Net charge-offs (annualized) | 0.21% (p37 of band) |
| Loans / shares | 92% (p93 of band) |
| Cash / assets | 11.8% |
| Borrowings / assets | 0.00% |
| Net interest margin | 3.76% (p63 of band) |
| Operating expense / assets | 4.26% (p76 of band) |
| Vehicles % of loans | 32% (p30 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 0% |
| Third-party paper % of net worth | 0% (p24 of band) |
| Vehicle delinquency | 0.61% (p52 of band) |
| Vehicle NCO | 0.36% (p50 of band) |
| Repossessed % of vehicle book | 0.18% (p91 of band) |
| Real estate % of loans | 43% |
| Credit cards % of loans | 2% |
| Unsecured % of loans | 8% |
| Commercial % of net worth | 27% |
| Core shares % of member funds | 54% |
| Certificates % of member funds | 39% |
| Average share balance | $6,014 |
| Participations bought / yr | $828,513 |
| Participations sold / yr | $3,203 |
| Participations outstanding | – |
| Loans outstanding per 100 members | 92% |
| Loans granted per 100 members, annualized | 38% |
| Average loan balance | $14,168 |
| Loans granted, annualized | $24.8M |

## Flags firing in the latest filing

- **net worth falling** (`cap_falling`)
- **delinquency rising** (`aq_dq_rising`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 1 | loans>95% of shares |  |
| 2016-06 | 1 |  |  |
| 2016-09 | 1 |  |  |
| 2016-12 | 1 | net worth falling | loans>95% of shares |
| 2017-03 | 1 |  |  |
| 2017-06 | 0 |  | net worth falling |
| 2017-09 | 0 |  |  |
| 2017-12 | 1 | repo signal |  |
| 2018-03 | 1 |  |  |
| 2018-06 | 0 |  | repo signal |
| 2018-09 | 2 | delinquency rising, assets shrinking |  |
| 2018-12 | 2 |  |  |
| 2019-03 | 1 |  | delinquency rising |
| 2019-06 | 1 |  |  |
| 2019-09 | 0 |  | assets shrinking |
| 2019-12 | 1 | loans>95% of shares |  |
| 2020-03 | 0 |  | loans>95% of shares |
| 2020-06 | 2 | net worth falling, margin squeeze |  |
| 2020-09 | 1 |  | net worth falling |
| 2020-12 | 3 | delinquency 2x band, delinquency rising |  |
| 2021-03 | 2 |  | delinquency rising |
| 2021-06 | 2 | members leaving | margin squeeze |
| 2021-09 | 2 | delinquency rising | members leaving |
| 2021-12 | 1 | net worth falling | delinquency 2x band, delinquency rising |
| 2022-03 | 2 | delinquency 2x band |  |
| 2022-06 | 0 |  | net worth falling, delinquency 2x band |
| 2022-09 | 0 |  |  |
| 2022-12 | 0 |  |  |
| 2023-03 | 0 |  |  |
| 2023-06 | 1 | loans>95% of shares |  |
| 2023-09 | 0 |  | loans>95% of shares |
| 2023-12 | 3 | net worth falling, delinquency rising, loans>95% of shares |  |
| 2024-03 | 1 |  | delinquency rising, loans>95% of shares |
| 2024-06 | 1 | loans>95% of shares | net worth falling |
| 2024-09 | 1 | delinquency rising | loans>95% of shares |
| 2024-12 | 2 | net worth falling |  |

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

- 2026-09-01 [Limestone Financial Credit Union and LSSU host financial reality fair - sooleader.com](https://news.google.com/rss/articles/CBMitgFBVV95cUxOU3ROYlZnNnRUSUhmSlZCUHZCYmZMMURraWdZWG95a3BsY2lTbUo4b1pFVEw1ZnpDMVF6elhMQmtlRy1rUTlNNnVUcWpPd0liazNpcV9VNjRJQ0xMandTeTJDUmtCNmNrSnVrZklzRVFMU2hKUE1SeHlUNmoyaEdaRFdJN3hRODRCTGRuczhlbVBlMjdpZnhmZEtzaV95bUVHaXFxRWJSV0k5TFQ1RzI0dmx5dUJYdw?oc=5) · sooleader.com
- 2026-02-18 [Limestone FCU partners with Dream Publishing to put entrepreneurship and financial education books in the hands of Michigan teens - CUInsight](https://news.google.com/rss/articles/CBMi_wFBVV95cUxNMXBvOGRvZ05rc0oyeFNyczRsSHo1YnM2MG82d1Z2cWJZZ1REbXM2eW1kQ2NEM21VOEZlU3JEUHBEQ3NYVnJnMVNmekRROE5waFlzRGd2cGdGLTRIM2F3X1RHdF9LeURxZ0pQb2M2TU84Q05WT0NiQ0JzTXNtQ3pYTGNyMk9rR3QyYmE2NkNubXowTDlaMGdEUW9kQ01IN2p3ZzRQbTl2N3pMY0prYkVwSTY0ZUJYc2pVdVBpTUhnV0ZGNVUwbDBrWi1YM2hmclppQmlrS1NGd2J5bUdhd0dnaDB2ZHhZcHJqLTZLT0NyVU1YQlB1WWtzVmNtZHpTalU?oc=5) · CUInsight
- 2026-01-26 [Limestone FCU, Rudyard schools host Middle School Financial Reality Fair - Sault Ste. Marie Evening News](https://news.google.com/rss/articles/CBMi4wFBVV95cUxPLUM0eHVpSTY4RGt1X3dwako2UURaTnhqNlZyQ040THRfbEFyQldQSlFIa1Bia19Ed3A0MTZqUm1XcWVIdThVRVpaQV9jY1QzaC1XR2YyNW9YV1lxbkR5UVRoRXdXaGNhbS16UjE2cFZPV3RfTmFyYmNRX29kWDE3WEgyZEpKY1c4Y0dLeGFSenR2dTUyRGt6TEE3aGlCQnBTd3ZLU1RiWF9za2F5XzBzaWNHYXpjcnM3RWREM2hvNXBpQ3EyTWh4ZjVtck01dFhFb0FDNVpBSS1kUGxDTG5EdTExUQ?oc=5) · Sault Ste. Marie Evening News
- 2026-06-08 [52 credit union leaders earn CUDE designation in June DE class of 2026 - CUInsight](https://news.google.com/rss/articles/CBMisAFBVV95cUxPMWNHSl9CUXE1aFRCUGtabGttcW45OUVObFFuVTNXbC0zOUtTNURqZGFib2FPZ3VCUnQ1RlRNWjN6MzlUb1dNZUtoZTJ6VV9uZHA3RGIwTEZTeTVpR29rRTFRQ2twVjh5WThPTTRqSG5CZFhCNHZsUkhvS1gtbEdKcjBkTC1aVTh1SUZoX2tWUF83OGxfZHkzUzFieTRWZjJMZVFwNFFQSExndVhoUDU2ag?oc=5) · CUInsight
- 2022-10-17 [Limestone FCU now serving the entire Upper Peninsula - Upper Michigan's Source](https://news.google.com/rss/articles/CBMingFBVV95cUxPa3hrNS1UOHZfclZwTDNYQTB6SmR6TWVWSUpJMUw0MF9MMl8wMkJXaS1hX05reHI5SXl2ck9ObUFfcVBJVV9KLUxPNHpXT2IxYVFZVm4xWmpxdG9hT29sN282aUNROHp4SHcwdEV5aGFqUmVyZ1F0MXRyUzViUkpxNUxQbHhmbHlrR2tsTUdZSnNURGp2RmNxdnJMSEdJd9IBsgFBVV95cUxNTm1KclUzTVlDQUtsZ0hWUDVCVVo0TXR5Ry1EQmlKMzhMLVdNakVyLXp2dDgxWExyemctcnJ5TFBsT1l6R096STlLRGpXbWtvX3hVcXNEWVRHTHctRW5la3ZheTZ6bEluNWFCNjNKRWxnOW5rcGdRUURPbnduQi1QLU1fdm84T0N5NHAwWDlhYlM3MTdjYUFFa1dtVE9tNE9ORGlrQ01tWEl1Q3ZqOFhjcVlB?oc=5) · Upper Michigan's Source
- 2026-01-14 [Jeffers advances in HS Bowl - The Mining Gazette](https://news.google.com/rss/articles/CBMiiAFBVV95cUxQTG9LRUV5bzlDWkQ0MGZjeC1UV25UVllnZmxUS095RzQzMmR4T0FlSWxOdTZwMUx3dm00bjJnNGlSTGJNTkVjZkMtUFF3LXBEX2t1RzFZS1FDTnlfVHppc1Vpc1J5a1hQbFlZSkxFT1NLdURkOTNpWE1HRWpIS0FWR1VLWlZwNDVJ?oc=5) · The Mining Gazette
- 2022-10-13 [Limestone FCU expands across Upper Peninsula - Pioneer Tribune](https://news.google.com/rss/articles/CBMijgFBVV95cUxQaktCcExweFlBYXExeGo2NjlfeE1sck1ESTRpXzhCYVFoZWt5N3JfU3A2OEx5eXJMSWpUeEtsRHNYYzN1eUg3dVJWcF9yaUNsN2dEX0JNSVdyeThCOV9iVHAyOHZyZnhiTEJXMkhkVTJheXpEWF9mMkRNOTNfeFlpbzJISzFYSy1UeXpMNEFn?oc=5) · Pioneer Tribune
- 2022-08-30 [Limestone Federal Credit Union CEO shares money saving tips - Upper Michigan's Source](https://news.google.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?oc=5) · Upper Michigan's Source

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=10083 (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/35.json (key "10083", 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=10083
- 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