# CATHOLIC
SAGINAW, MI · NCUA charter 10848 · asset band $200-500M · latest filing 2019-03 · stopped filing after 2019-03 (departed; for a credit union that is almost always a merger)
Share link (named URL with a preview card): https://getbookiq.com/cu/catholic-10848

Who the members are: federal charter, multiple common bond, organized 1956, low-income designated. 26,341 members of 242,206 potential (10.9% of the field); checking penetration 51% (share draft accounts per 100 members); loans per 100 members 84.

**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 | $347.1M |
| Members | 26,341 (-0.5% YoY) |
| Full-time staff | 91 |
| Net worth | $40.6M |
| Net worth ratio | 11.7% (p67 of band) |
| ROA (annualized) | 0.00% (p4 of band) |
| Total delinquency | 0.45% (p48 of band) |
| Net charge-offs (annualized) | 0.56% (p69 of band) |
| Loans / shares | 81% (p48 of band) |
| Cash / assets | 7.4% |
| Borrowings / assets | 0.00% |
| Net interest margin | 3.20% (p47 of band) |
| Operating expense / assets | 3.44% (p42 of band) |
| Vehicles % of loans | 30% (p32 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 59% |
| Third-party paper % of net worth | 106% (p51 of band) |
| Vehicle delinquency | 0.63% (p71 of band) |
| Vehicle NCO | 0.66% (p57 of band) |
| Repossessed % of vehicle book | 0.00% (p21 of band) |
| Real estate % of loans | 54% |
| Credit cards % of loans | 7% |
| Unsecured % of loans | 10% |
| Commercial % of net worth | 3% |
| Core shares % of member funds | 47% |
| Certificates % of member funds | 13% |
| Average share balance | $5,636 |
| Participations bought / yr | $0 |
| Participations sold / yr | $0 |
| Participations outstanding | – |
| Loans outstanding per 100 members | 84% |
| Loans granted per 100 members, annualized | 9% |
| Average loan balance | $11,062 |
| Loans granted, annualized | $47.9M |

## 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 | 0 |  |  |
| 2016-06 | 0 |  |  |
| 2016-09 | 0 |  |  |
| 2016-12 | 0 |  |  |
| 2017-03 | 0 |  |  |
| 2017-06 | 2 | delinquency rising, members leaving |  |
| 2017-09 | 1 |  | members leaving |
| 2017-12 | 0 |  | delinquency rising |
| 2018-03 | 2 | delinquency rising, members leaving |  |
| 2018-06 | 1 | 3rd-party paper>100% NW | delinquency rising, members leaving |
| 2018-09 | 1 |  |  |
| 2018-12 | 1 |  |  |
| 2019-03 | 1 |  |  |

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

- 2023-06-16 [Catholic credit unions keep faith at core amidst changing financial markets - Detroit Catholic](https://news.google.com/rss/articles/CBMisgFBVV95cUxPdXAyNmp5dnBsSFlYR2JocHRkY3UzbHA0LUY4MWMzT2hYZFk1N1o4VWJMdlJBd2RVZ2lzb0NTWExTOWd6bVhFS1QyWWVxTnlfNUFXVV9WZFktdkFSSGFHOHpOQjZpNjNoY0hCcU9BaDVIZlRWcm0tVDBtdEgyQkZWMUZuMGIxLU9jVWdpU1dDUWVESHo4Z2VhWldnZWtRaFdLakxWdHNUaFBwODRiel9qbkNn?oc=5) · Detroit Catholic
- 2025-03-06 [Christian Financial Credit Union and Catholic Vantage Financial Approach Final Step to Merge - Detroit Regional Chamber](https://news.google.com/rss/articles/CBMiwgFBVV95cUxOWV82N0xKT1E5TEFtN2ZXLTNscXZmbmduOGRER2VNclprNk9XY0N2dDh0LVZEcGFsaFczLWpsYTRCZHAtNUJmWTFkUkY2Qkk0SEFPemFma0RpbTlBd0NSSFRpdk14YlZ0S1pRLUxmZ0U5Tm1wcTEwZlpPU2dnUEkzR05ZYkZFbHRESVdBU1daYkVTdmNoc0JncHZDcWtRTHlFUndpUVRwQnVvZWtLUUstakhrWFYxY0t0R1dwYVo3VkZQUQ?oc=5) · Detroit Regional Chamber
- 2025-04-10 [Read: "People over profits" | Bishop Boyea blesses new credit union branch - Diocese of Lansing](https://news.google.com/rss/articles/CBMiqwFBVV95cUxPcnZ0eTJmUlRZRmowX3RUQzBQY0cwaXJYcllib1Z2RDNxeWN6VTFfX0dJZzQzNmtNM0pxbVBBSnBqMDZUM2tiX0VxdV9PNGFRWmFpT3VTWUVjaEVkSXJNSmRpc1dpb1k5UWIwMGVhNEFHaFQ0eTNjdTFWNjVLMDZVbkVXd2MzdTNsODE2VHIxUDRDZ0dBVkJBdl9jeElaQUdlcm5JWTU0MkZTc0E?oc=5) · Diocese of Lansing
- 2018-08-13 [U.P. Catholic Credit Union changing its name - Upper Michigan's Source](https://news.google.com/rss/articles/CBMisAFBVV95cUxNLVFpWTFLLU5vcENXd0dpSnQ5RUxjYi1yaGhjczc2OFJpNXpLQ1VwWjJzQlBXdDJGa0xxdzBDb0d1TDdrX2JHSXdZTFRsN0NTNEx6bGdzYkRDRm5KZk1ucFZ0N0hlQVBRaFlPTU14WU1uVTFxZXNYdVQzVnh5ODliS1dFQXQ2REw3YVh0V0t0YkV5V3dfYjAwcEVibGdMNXNjalNZX3I0eVBkdVNJTjZRaA?oc=5) · Upper Michigan's Source
- 2022-11-29 [Alliance Catholic Credit Union moves from Melvindale to Allen Park - thenewsherald.com](https://news.google.com/rss/articles/CBMirAFBVV95cUxQOWMzS3ZYUjVpU2szXzQxWVdER2xGTmk0T1Jaenk2cHBwYURIamJmRW44dkQxVEhYYmpxaFpGNmpieUJrdHNwMkhWd3EwMzZNajdOY3ZPYlRNMHE5TlZCa2FWQUFpOVJ4U2NfS2dYSmdpWV9Ub1FPb2l5TGZQN1Y0dGVFX2phMEVEVWQxd0JZUkFWanRpLUcxRUNqYXZKRkJGZTFDYWc4NVUwNHF5?oc=5) · thenewsherald.com
- 2019-05-01 [Catholic Federal Credit Union announces new name - Jolt Credit Union - MLive.com](https://news.google.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?oc=5) · MLive.com
- 2025-03-06 [Merger to form Michigan's largest faith-based credit union - Crain's Detroit](https://news.google.com/rss/articles/CBMiqgFBVV95cUxQU1BsR3BQcFBNTDBDM3A5OW1OMm92RjdCRVgtOVk3eGg4N2JLNEN1X29QcDBNeHg3MENNaW5rdnl4OUFMQlg2elowYlpWRDhYOThPSWVLMm1zendRZEFfQmtpZ2VMamM0MWtPeXR4eTRyc3RzelF4LTNDZkY4T2F1RGFIUHBmTW4wWmJkU0VTRG5TUWxnX1paS2R4TWI5S0JVQWk2Y0k3bHhRZw?oc=5) · Crain's Detroit
- 2024-11-01 [Faith and finance: Catholic credit and checking - Faith Magazine](https://news.google.com/rss/articles/CBMidkFVX3lxTE4yX2RkRGR3ZEplU3pOMjV6c0Q3T3gwc0ktQmNvVkJSd25JS2ZhZGphUDFXQjZ1YkFZYkN3bHpaWG9JTEo2enY0RXNXa2lpdl9xWWtkUkV2ZWdSRUVPbUZLaHpvdUwtMy1NaTlvQUs2OF9fc0xxYlE?oc=5) · Faith Magazine

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=10848 (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/32.json (key "10848", 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=10848
- 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