# BLUE WATER
PORT HURON, MI · NCUA charter 12906 · asset band <$50M · latest filing 2026-03 · live
Share link (named URL with a preview card): https://getbookiq.com/cu/blue-water-12906

Who the members are: federal charter, government (single sponsor), organized 1959, low-income designated. 1,214 members of 2,500 potential (48.6% of the field); checking penetration 44% (share draft accounts per 100 members); loans per 100 members 38.

**Verdict on the desk:** this could be *liquidity-rich*. Composite score 3 of 18 (one point per flag across 17 flags, capital below 7% counted twice).

## What the filing shows

| Measure | Value |
|---|---|
| Total assets | $19.9M |
| Members | 1,214 (3.9% YoY) |
| Full-time staff | 5 |
| Net worth | $2.9M |
| Net worth ratio | 14.5% (p48 of band) |
| ROA (annualized) | 0.50% (p47 of band) |
| Total delinquency | 0.44% (p42 of band) |
| Net charge-offs (annualized) | 0.68% (p80 of band) |
| Loans / shares | 49% (p37 of band) |
| Cash / assets | 52.7% |
| Borrowings / assets | 0.00% |
| Net interest margin | 3.00% (p19 of band) |
| Operating expense / assets | 2.44% (p18 of band) |
| Vehicles % of loans | 22% (p13 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 0% |
| Third-party paper % of net worth | 0% (p43 of band) |
| Vehicle delinquency | 1.66% (p75 of band) |
| Vehicle NCO | 0.00% (p35 of band) |
| Repossessed % of vehicle book | 0.00% (p46 of band) |
| Real estate % of loans | 62% |
| Credit cards % of loans | 2% |
| Unsecured % of loans | 8% |
| Commercial % of net worth | 0% |
| Core shares % of member funds | 34% |
| Certificates % of member funds | 29% |
| Average share balance | $7,633 |
| Participations bought / yr | $0 |
| Participations sold / yr | $0 |
| Participations outstanding | – |
| Loans outstanding per 100 members | 38% |
| Loans granted per 100 members, annualized | 5% |
| Average loan balance | $17,959 |
| Loans granted, annualized | $1.1M |

## Flags firing in the latest filing

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

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 0 |  |  |
| 2016-06 | 0 |  |  |
| 2016-09 | 0 |  |  |
| 2016-12 | 2 | net worth falling, losing money |  |
| 2017-03 | 1 |  | net worth falling |
| 2017-06 | 1 | members leaving | losing money |
| 2017-09 | 1 |  |  |
| 2017-12 | 0 |  | members leaving |
| 2018-03 | 0 |  |  |
| 2018-06 | 1 | delinquency rising |  |
| 2018-09 | 0 |  | delinquency rising |
| 2018-12 | 1 | delinquency rising |  |
| 2019-03 | 0 |  | delinquency rising |
| 2019-06 | 0 |  |  |
| 2019-09 | 1 | members leaving |  |
| 2019-12 | 1 | net worth falling | members leaving |
| 2020-03 | 1 | delinquency rising | net worth falling |
| 2020-06 | 1 |  |  |
| 2020-09 | 2 | net worth falling, margin squeeze | delinquency rising |
| 2020-12 | 2 |  |  |
| 2021-03 | 4 | losing money, delinquency rising |  |
| 2021-06 | 4 | members leaving | delinquency rising |
| 2021-09 | 3 | delinquency rising | net worth falling, margin squeeze |
| 2021-12 | 2 |  | members leaving |
| 2022-03 | 2 | net worth falling, margin squeeze | losing money, delinquency rising |
| 2022-06 | 3 | losing money, members leaving | margin squeeze |
| 2022-09 | 2 |  | net worth falling |
| 2022-12 | 2 |  |  |
| 2023-03 | 1 |  | losing money |
| 2023-06 | 2 | delinquency rising, assets shrinking | members leaving |
| 2023-09 | 2 |  |  |
| 2023-12 | 2 |  |  |
| 2024-03 | 2 | net worth falling | assets shrinking |
| 2024-06 | 1 |  | net worth falling |
| 2024-09 | 0 |  | delinquency rising |
| 2024-12 | 1 | net worth falling |  |
| 2025-03 | 1 | loan book shrinking | net worth falling |
| 2025-06 | 0 |  | loan book shrinking |
| 2025-09 | 2 | net worth falling, delinquency rising |  |
| 2025-12 | 3 | members leaving |  |
| 2026-03 | 3 | margin squeeze | members leaving |

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

- 2026-03-07 [Blue Water Fest, Boat Week among coming Port Huron attractions - Sanilac County News](https://news.google.com/rss/articles/CBMiowFBVV95cUxOb05EQXZXZWlEa1E1RlZUN0VKWjltb1QyZ1VKUUNJZEpCSE1uSkswWWY0MFN3b1NLQUt5ZWxxbUZPVE5QVUtKei04SFdWUTdDX1lJRk9PbE44YzhjV3BwVjN2Q2lhOE1YZmdueUFIcThvZmJ5bm1xX2JNUnczRkNJSTZCUWNjUmsyZ0x5ZHA1TFM0VmpXcVc3VWNRc1RkNEZwNVZv?oc=5) · Sanilac County News
- 2026-03-06 [Curtis Chin brings Great Michigan Read tour to Port Huron April 16 - Times Herald](https://news.google.com/rss/articles/CBMi1gFBVV95cUxQRTdfd0RIY19MTVBEeUE3NUtTY2J6eWhUMW4xa0F2TVE2dV9WUEMwYUFmS0JndnN0ajFMNFFqeXFVelJpZWpUYVFMYTd6enVMbHFqRi1FdUJjbG4wUHU4Vld3S0UwMnFocHJOR2ZSMExUTGpzTGxwRmlDRmprX2lEQ2s1N24xa01BcHU4T0xRZXJWTUoxZWtkR05QUDJtSm56UVIxaUtUN0xRdDJVLWNuQlRHQ1IwZU1XNUZFektfZHdzVTlHVGpGQWVaYnVneXFxVlYteWF3?oc=5) · Times Herald
- 2025-06-17 [Blue Water Allies to host annual Blue Water Pride Festival in Port Huron - Macomb Daily](https://news.google.com/rss/articles/CBMisgFBVV95cUxNdlVHWEljbXoyQVpySUhOVFhRZXhCa1FzSzVmdDVPcGp0TG1OQVBmbXdnRXFpQVJaTUFxMDh1NklQMDRBajl0ckJlS3N2QndEV0Itc01EOGx5WGQzZEVSZWhFYU9QVlJHQm9Ea1ZFLV9zWUlvSDVhemctOEhURVRkcUJYTk5VbnpUbEFoRFBJZ3NWX0V5ZVJ4bmxTNFlQUGVTNEVacHZaSkNNWUFaQllpWU13?oc=5) · Macomb Daily
- 2024-02-13 [2023 Blue Water Fest: Port Huron's Boat Weekend - Michigan Public](https://news.google.com/rss/articles/CBMivgFBVV95cUxOTEVWU1NhQzdlaGFjc3g5b1ZzOG5TdHBSN0swVzdxZ2RfTjg0Tm5hWFZBeC04WlpJUFp3WjdnaEpIM1lIc0I2SHE4eWtHaHNRb0RRcVFVZDYwUEhLYVl4Q2dzekZzSjRFTS1rTkUzWE5CZDVBdVMtbVZoWUNDZzY0V1hrX0dZYVpYNE9ZTnVtQ0tSUTBOY2w1MThLM2RoVUZ0SXFWYlJwVzJFekt3WWpoMmEydzZwbThUYXIyTkxn?oc=5) · Michigan Public
- 2026-06-20 [CBP seizes 133 pounds of cocaine near Blue Water Bridge - WLNS 6 News](https://news.google.com/rss/articles/CBMilgFBVV95cUxOMHNkOEg4UkdDMzQ1XzJUUUViNUdteHdMSGhBaEJqUnB5NW1TSk1wSElOSlN2VFcyM2dQSGZKeEgtUkp5c0N4NWtuQ0tmd1Q5VVZ0a2dMVUE3dzFsNmNveENSeFdJTUhVd2tMd1hIbmRBQ0NudHZPZnpzNWxZZWpDM1YxX1dGX09GUTFyWXhmRW5iU194eXfSAZsBQVVfeXFMT21yejZnU2lCYTIwRmNfR3RENG5KTW9kREF5QWk1Y1VERmM5emdHX0FnVkcxRTJkaFNiZXVtLWp4ZVJvWHZpRmNLNzQtcjFZMFdwSDM3Wjg4d1cwMUZQQ3Z0VkVWMUVGNG43RlRsMW0tb2ZVcjJDS0Zpcmg0N1hpUkJ4R1ZZZE9QaEFCS1RjOW1iSGlHa0gyNUxwbFk?oc=5) · WLNS 6 News
- 2022-05-16 [Kehlani Announces ‘Blue Water Road Trip Tour’ With Rico Nasty, Destin Conrad - Pollstar News](https://news.google.com/rss/articles/CBMisAFBVV95cUxQN0ZBbUNENk1pbzk0UkV3dVA4a2Z2UVROd0tVUzhTNTgtd0FpQ3Bzb3VLS3FmNHhrd0ViUDc1cnVfdkI1ZnVqT0VkNnZIeVdEU3ZOU005VFRrc3JnS015NjU0N3N0bEFqZWx2YlRZR1NvX3llSmJra3pGYzZCS3B1VVR2UXRvcGJ2MjRTMVQ2YV9XVTRrbFpab1RmMHZoVjFHQXo5Mmk1V0gyVW4yeGRHNw?oc=5) · Pollstar News
- 2022-05-16 [Kehlani Schedules Extensive North American Tour Supporting ‘Blue Water Road’ - Rolling Stone](https://news.google.com/rss/articles/CBMimAFBVV95cUxNQzVCYV8yWHhEYVVQNV9RUkp3cGVoeldITWxSeXJQYU5DdkYxQlN1cEF1QjVEX3o1dU95WGZBUXhiSkNmLVdrV0Fpdjl4WjdqMkVXMHNoRE5tdGJqd2Y4RTRpM3RuRjV0SnF3cE1QNzcwMkg1NWVIUlNldDdqaDRQLVRVUjNmeG9UX0RpUGdZd0ZVZ0ZqVU0yNA?oc=5) · Rolling Stone
- 2022-05-17 [Kehlani Announces ‘Blue Water Road Trip’ Tour Dates - Rated R&B](https://news.google.com/rss/articles/CBMihgFBVV95cUxQcFpqcEN4RkVqVHZBMGVBNWpuMnVFNGQyR1JQWUVjek01cVNVbmdZaVZ6a255LUFDX2R3RmduMGQyOTVmRnhxS3cwaWNBVDBONmJWcHFqYlRWLWNzRkcwOHJOT3JGa09iNldKZTV5NUZwU3AwU2dWVF9zLTZ5d3cxMDlscjM2QQ?oc=5) · Rated R&amp;B

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=12906 (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/42.json (key "12906", 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=12906
- 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