# LAKES
Monticello, IN · NCUA charter 10772 · asset band <$50M · latest filing 2026-03 · live
Share link (named URL with a preview card): https://getbookiq.com/cu/lakes-10772

Who the members are: federal charter, community charter, organized 1956, low-income designated. 3,014 members of 12,000 potential (25.1% of the field); checking penetration 103% (share draft accounts per 100 members); loans per 100 members 32.

**Verdict on the desk:** this could be *auto monoline*. 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 | $27.5M |
| Members | 3,014 (5.4% YoY) |
| Full-time staff | 6 |
| Net worth | $4.1M |
| Net worth ratio | 15.0% (p51 of band) |
| ROA (annualized) | 0.50% (p47 of band) |
| Total delinquency | 0.82% (p57 of band) |
| Net charge-offs (annualized) | -0.17% (p8 of band) |
| Loans / shares | 67% (p63 of band) |
| Cash / assets | 40.9% |
| Borrowings / assets | 0.00% |
| Net interest margin | 4.01% (p55 of band) |
| Operating expense / assets | 2.88% (p29 of band) |
| Vehicles % of loans | 76% (p76 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 0% |
| Third-party paper % of net worth | 0% (p43 of band) |
| Vehicle delinquency | 0.84% (p61 of band) |
| Vehicle NCO | 0.00% (p35 of band) |
| Repossessed % of vehicle book | 0.00% (p46 of band) |
| Real estate % of loans | 10% |
| Credit cards % of loans | 0% |
| Unsecured % of loans | 4% |
| Commercial % of net worth | 0% |
| Core shares % of member funds | 84% |
| Certificates % of member funds | 8% |
| Average share balance | $3,947 |
| Participations bought / yr | $0 |
| Participations sold / yr | $0 |
| Participations outstanding | – |
| Loans outstanding per 100 members | 32% |
| Loans granted per 100 members, annualized | 11% |
| Average loan balance | $16,380 |
| Loans granted, annualized | $6.7M |

## Flags firing in the latest filing

- **delinquency rising** (`aq_dq_rising`)
- **auto monoline** (`str_vehicle`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 2 | thin capital, auto monoline |  |
| 2016-06 | 2 |  |  |
| 2016-09 | 1 |  | thin capital |
| 2016-12 | 1 |  |  |
| 2017-03 | 2 | delinquency rising |  |
| 2017-06 | 1 |  | delinquency rising |
| 2017-09 | 1 |  |  |
| 2017-12 | 2 | delinquency rising |  |
| 2018-03 | 1 |  | delinquency rising |
| 2018-06 | 1 |  |  |
| 2018-09 | 1 |  |  |
| 2018-12 | 1 |  |  |
| 2019-03 | 1 |  |  |
| 2019-06 | 1 |  |  |
| 2019-09 | 1 |  |  |
| 2019-12 | 2 | delinquency rising |  |
| 2020-03 | 3 | assets shrinking |  |
| 2020-06 | 1 |  | delinquency rising, assets shrinking |
| 2020-09 | 3 | margin squeeze, delinquency rising |  |
| 2020-12 | 3 |  |  |
| 2021-03 | 4 | net worth falling |  |
| 2021-06 | 4 | delinquency 2x band | net worth falling |
| 2021-09 | 4 |  |  |
| 2021-12 | 3 |  | delinquency rising |
| 2022-03 | 3 | delinquency rising | margin squeeze |
| 2022-06 | 4 | net worth falling, members leaving | delinquency rising |
| 2022-09 | 3 |  | net worth falling |
| 2022-12 | 3 |  |  |
| 2023-03 | 4 | charge-offs p90 |  |
| 2023-06 | 3 | assets shrinking | delinquency 2x band, charge-offs p90 |
| 2023-09 | 3 |  |  |
| 2023-12 | 3 |  |  |
| 2024-03 | 3 |  |  |
| 2024-06 | 3 | delinquency 2x band, delinquency rising | members leaving, assets shrinking |
| 2024-09 | 3 |  |  |
| 2024-12 | 3 | members leaving | delinquency 2x band |
| 2025-03 | 1 |  | delinquency rising, members leaving |
| 2025-06 | 1 |  |  |
| 2025-09 | 1 |  |  |
| 2025-12 | 1 |  |  |
| 2026-03 | 2 | delinquency rising |  |

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

- 2026-09-09 [Great Lakes Credit Union: Helping communities this back-to-school season - WGN Radio 720](https://news.google.com/rss/articles/CBMisgFBVV95cUxOUlp4QVRJUlB5eGdXYUlWYmRhY2pKamtBbDlWcDhZTmxtYUJJYXRaemxaQUF5akpBNjUyMkdtZFJZYlctSG9wdGxFb201elNldTVGWDFXUkctUjFIdHcya0xpUnlxT0dicDExQ2xxZ1R3UFhDSlYtd2FWa09mVU1rT3NvbTcyM20wTmlCb0UzUmdYN3pid2h6RUdhdE1RM1ZMUXB1MGFzemRRbURHX3BoMmlR0gG3AUFVX3lxTE45eHZVMUplWFJzZk0zZnc1NTB2bTdLUWFmaEJfVmZjSkVJNjZocy1ZQWp3NFpGMW5iTURDb0xMYkUyaXNkTUlTaVpiazNjTWM0eXhNN3d0X0U5d3piOXNic0E0VWlPcVh6ZWppUjdXZzN0NV91Z2Y4cUJCQ19FSzdCNEZKZ0oxV0F3clFCZXpaejRtbnNHTmJKdzlPdmpvdEVRakVsRTN5VkFXeTA5czZ3SlpERVhmSQ?oc=5) · WGN Radio 720
- 2026-06-05 [First Federal Bank Announces Agreement to Sell Third Party Origination Division to Mortgage Forward, a CUSO in the Great Lakes Credit Union Family of Companies - PR Newswire](https://news.google.com/rss/articles/CBMiugJBVV95cUxQZ3NmVmluWTNLc2hna01keWZsRlhOTXk0bWljM3B6NFVDTmkwZHM4aDEwR3BFYmJMQVRtNmt6ZGJlSnpYSHZhOXBDX1V2M3pWMG1vM3lTM2dTSkdDN0RTUTFUQ3BMWnhFR0xqZG0xWHp6U0ZwbHZXZDYtWk8xYmVycFZDTHJBVzVZcEhHa1VqZTBZVHNGSXZ4bE1NbU1DRExKY1dvME9hS0Z1QnFHd2Vtck9zQm50S1l0elkySmlJdXZjVUwyQXVCMG0wSlZEeGhDYU5SV1IyWWEyNUNZMmV6NnJlSmRKSDk3bWRuTFlfNHBaXzRidmwzLUxGZ3VSendCOElqaEJUcG95Mjl4T0RWYnIyVUU1MTJ1enZDMktlb0E4dkZqNlctbVBETXl0Y3g2dTZaUE5DbVY3QQ?oc=5) · PR Newswire
- 2026-04-21 [Great Lakes Credit Union, Mortgage Forward and Takara close first-ever DREAM transaction, making history in U.S. mortgage market - CUInsight](https://news.google.com/rss/articles/CBMi-gFBVV95cUxQXzA3VUg3SmNZSXB0dEwwVXNVTEpVWEx5N05iVEhiQUE2V09OVE84NFRTd3VFdGtDZzJDc2lLa2N5b2c4bmJXTG9fX2xESjEtUW4zek4tU0tEczB2dm9uRV9aLXpfM0UzallrOUhaa3RZcjk5VGUtZXNiNER0VDlkUlVfbUlTbUdwT2VDY05CSHo3cUwwb2dmaGp6RE5keG1NaG9LaF9hSmxVNW55X2p2WndMcERDYWZRNnY1REYtc3hTTUdOOTc4XzNRVGZZWllGRXBxV24tSVRfYWhKUmRKb1BOajVYZFNLUFVRVVdpeEdxTG12ZWZJTVZn?oc=5) · CUInsight
- 2026-04-22 [Credit Union–Led DREAM Transaction Tests Principal Reduction At Payoff - National Mortgage Professional](https://news.google.com/rss/articles/CBMiswFBVV95cUxQY0Zub2Z4MWFfbUNSMUR5OVU3bl91VnZ3N0w2eGFWamtIZ2ZjUjlqQWE4ZFBpMHB5cGd6SkZUYW9Tdm05WnhnOVkxdFd6Y01UZTVCbmVDVFNpSjNmeFF6azk0TnBTSHIwRWlLcTQ5MTlQbENLZzlwOHlBcnY1aTBSaEI1QTBXLXZEN0JzWHlrMmlTMTVGalZmbVBIYWFnTVpYdy1rUFZvOVp4a1JBenRnb0lmWQ?oc=5) · National Mortgage Professional
- 2026-07-07 [Finger Lakes Federal Credit Union Unveils New Brand, Shortens Name - Finger Lakes Daily News](https://news.google.com/rss/articles/CBMirgFBVV95cUxNZWQxOHNLYTBidWZVRFVsWWVUX0hxX2ZRN2ZIVmdnRDE2dnFKQW96UEVWcm5mWGY4RWNaTVhvZzNYRDVKaEVGbV9VZmNWbDRvZUdRNlI3bjJHSXlMMlA5MWtWWmNFLXdRQVJCSk5HbGc4Z2ZfcjBCaXpobzl3QnJKZGItSlBjQ2Y1THlrQW15aGZBSmJpR3QzdHNLSHBOeGVaZVRRTUVCZFBySGJVSGc?oc=5) · Finger Lakes Daily News
- 2026-07-28 [United Savings Credit Union breaks ground on new Detroit Lakes branch - Detroit Lakes Tribune](https://news.google.com/rss/articles/CBMiqgFBVV95cUxNUEhlTklGWERrb1dhLXRHMnlBVjZEbkVtLTNScjdSWVhMMjhOaFI4WU5JSEh6ZTZrd3A1UlRlMTNpS01XMWMyWmxXdEltdmNhallaSXJSX1J3dXFjaHFab2c2VVU5UTJlMmVlVGx4YjA4bVJsMFlCYmpRQm10aVN5Z3lYRkZFX0J4dFFneF9KRnhzbUtBWmhaMnA0NGptRWtxXzNtbTZOMi1zUQ?oc=5) · Detroit Lakes Tribune
- 2026-04-21 [First closing of principal discount tool gives banks, CUs a lock-in exit - National Mortgage News](https://news.google.com/rss/articles/CBMiowFBVV95cUxNWTg0Mm5tZnBWQm96Zno0blUyenZ0ZTRsdDk4OU1pdTZ0ZVFBelBCY1Fydk9Ka1JBOTJpYTRqcEpYOEhRZWhTdlBfWmNxVjl5bVVHU24yT3lnWklITW1iQnM4d3gxQnBfaHB1bTFyZ01TcDZPdVF3VjZ1Y3hncFRmeXhJU0gwbjVEZmdLRVZCd29ONFpXVlY1MHhMUmdLX1dpTklr?oc=5) · National Mortgage News
- 2026-04-21 [GLCU Member Receives $41K Mortgage Reduction Through DREAM Program - CUTimes](https://news.google.com/rss/articles/CBMiowFBVV95cUxPdDVzWWtfZnlwMF9qeG5WaHJHZ1JXYnd4ZWo2bk9qbWxPb0k5Mm5ObTItWVpMNHNVcEliMHNELUx1dXpBa1RfU1R6eE5qTXdFTXRwUFlacWFlNE1iVUhNUjJfTzQ3OTZIYWxnZEpfaDlWTjV6UEFTWXMwRXN0QmVwaU5oa3RyOFBQUDExV29RWFk4RWFFd1U4SXBpU05VTXRvN0xz?oc=5) · CUTimes

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=10772 (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/20.json (key "10772", 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=10772
- 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