# LAKE COMMUNITY
HARTVILLE, OH · NCUA charter 15942 · asset band <$50M · latest filing 2022-09 · stopped filing after 2022-09 (departed; for a credit union that is almost always a merger)
Share link (named URL with a preview card): https://getbookiq.com/cu/lake-community-15942

Who the members are: federal charter, community charter, organized 1963, low-income designated. 3,347 members of 373,834 potential (0.9% of the field); checking penetration 39% (share draft accounts per 100 members); loans per 100 members 39.

**Verdict on the desk:** this could be *too clean*. Composite score 8 of 18 (one point per flag across 17 flags, capital below 7% counted twice).

## What the filing shows

| Measure | Value |
|---|---|
| Total assets | $29.2M |
| Members | 3,347 (-2.9% YoY) |
| Full-time staff | 7 |
| Net worth | $857,706 |
| Net worth ratio | 2.9% (p0 of band) |
| ROA (annualized) | -4.82% (p1 of band) |
| Total delinquency | 0.11% (p29 of band) |
| Net charge-offs (annualized) | 0.08% (p55 of band) |
| Loans / shares | 60% (p63 of band) |
| Cash / assets | 41.5% |
| Borrowings / assets | 0.00% |
| Net interest margin | 2.62% (p56 of band) |
| Operating expense / assets | 8.38% (p98 of band) |
| Vehicles % of loans | 68% (p65 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 49% |
| Third-party paper % of net worth | 663% (p100 of band) |
| Vehicle delinquency | 0.12% (p42 of band) |
| Vehicle NCO | 0.38% (p83 of band) |
| Repossessed % of vehicle book | 0.00% (p47 of band) |
| Real estate % of loans | 22% |
| Credit cards % of loans | 2% |
| Unsecured % of loans | 3% |
| Commercial % of net worth | 0% |
| Core shares % of member funds | 94% |
| Certificates % of member funds | 3% |
| Average share balance | $5,112 |
| Participations bought / yr | $0 |
| Participations sold / yr | $0 |
| Participations outstanding | – |
| Loans outstanding per 100 members | 39% |
| Loans granted per 100 members, annualized | 14% |
| Average loan balance | $12,634 |
| Loans granted, annualized | $12.2M |

## Flags firing in the latest filing

- **thin capital** (`cap_low`)
- **capital below 7%** (`cap_critical`)
- **net worth falling** (`cap_falling`)
- **losing money** (`earn_negative`)
- **expense trap** (`earn_opex`)
- **3rd-party paper>100% NW** (`str_thirdparty`)
- **auto monoline** (`str_vehicle`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 4 | thin capital, losing money, 3rd-party paper>100% NW, auto monoline |  |
| 2016-06 | 4 |  |  |
| 2016-09 | 3 |  | losing money |
| 2016-12 | 3 |  |  |
| 2017-03 | 5 | losing money, delinquency rising |  |
| 2017-06 | 5 |  |  |
| 2017-09 | 4 |  | delinquency rising |
| 2017-12 | 5 | net worth falling |  |
| 2018-03 | 5 |  |  |
| 2018-06 | 4 |  | net worth falling |
| 2018-09 | 3 |  | losing money |
| 2018-12 | 3 |  |  |
| 2019-03 | 3 |  |  |
| 2019-06 | 3 |  |  |
| 2019-09 | 3 |  |  |
| 2019-12 | 3 |  |  |
| 2020-03 | 4 | net worth falling |  |
| 2020-06 | 4 |  |  |
| 2020-09 | 5 | margin squeeze |  |
| 2020-12 | 5 |  |  |
| 2021-03 | 7 | capital below 7% |  |
| 2021-06 | 7 |  |  |
| 2021-09 | 9 | losing money, repo signal |  |
| 2021-12 | 8 |  | repo signal |
| 2022-03 | 7 |  | margin squeeze |
| 2022-06 | 6 |  | losing money |
| 2022-09 | 8 | losing money, expense trap |  |

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

- 2025-12-08 [Indian Lake Chamber celebrates local leaders - Peak of Ohio](https://news.google.com/rss/articles/CBMiiwFBVV95cUxNaVMzeGdVcGJDZkFiTTIzSWJIUUlCdDV1akp4VVVGUm9EVzRPbXBCVnphOU50eFRrcWdCVVp3cnpEZ1NwbElMVDRZRXVLdlN2LWw0aWJTQ3lxbE9KX3BncmRsRzJyQ2xFRUpQNnc0WGlKVVNUUi1jZDM1dDBNOV85X2d1Z1I3Ymh6V0NB?oc=5) · Peak of Ohio
- 2026-05-13 [SLCC students turn class project into fundraiser for local nonprofit - KUTV](https://news.google.com/rss/articles/CBMirgFBVV95cUxOdS1zYm9qX3N5NmVsYW5GUDhFYmRIT1ZjUEVkeF80Z09kUWlCYVphNTR4eE9QRVFWenUzREcybHJvcndpQ1ItRnhwU0xFTlR6Z1hsZGdwUGcyTTFhWTh5RWFWenpYZjRiaTNqZW92RkZHaGl6OGN1S1BSVk5oRGxHTEVRb043aVlCem1jVGFIek52QndCYTVwdnRUM2FxVERnbS1EdVhwZm9rTWdzRlE?oc=5) · KUTV
- 2022-11-17 [Toys for Tots | Here's where you can drop off toys in West Michigan - WZZM13.com](https://news.google.com/rss/articles/CBMi3wFBVV95cUxNWUM3SjdLdHZwY29NcGZPV1hHanlNR1pZaDlpRk9Fa3J6UENwX1VueGYzandBMmtkVnpXclV6R1ZNTlQ5UE80bEVDN1lteGN2VkpGeHdtbWtfTTVGVHRfc3pzYml0Y1FvRTA1Y3VMbWgza1cxajc3a0ViZWxJU29zTF9SNHgydDhoTDN6SEtxazJZSjBQNDRrdmlteEVpWXBnbUt6RFpjMTcxblREZVBqbVR4Nk1mZG0yQmZ0ZWd0dkkzRzZyME9ocmNmb0N5d1VXYXV2UlZHbEFucGE4Z3lZ?oc=5) · WZZM13.com
- 2018-02-11 [Expansions, new businesses expected in 2018 - Alliance Review](https://news.google.com/rss/articles/CBMioAFBVV95cUxNdW82VGF3OEVRaEFQWVRsaVZjVzNmc0IwWlNyLUtGQkpIU1lOaGRrWHFSWC1hN3EyVzRHei1JX3d3bmJva2lNdVZzSE53NXZHcEZLazRQN25UMGlxc3AzRkZVSDBJWUNpSDk2dm51aXhzZ21tT1lsRGxLVlJBT1cyS3JNSFZfV0Z6dmJzZnhma1NlVEw4U2Z4VnFCWHVZNFZ1?oc=5) · Alliance Review
- 2019-11-05 [Hagan, Stevens win upset in Marlington - Canton Repository](https://news.google.com/rss/articles/CBMisAFBVV95cUxQc2hGa0F1dmM4SEN5TjRzbjlUclRRMmx4bHpOTXBNcG04TDVzMlFhQVdtUWlLQWg1TTZmUy1BVFFkQWdiRmc3d28tZG0tVWVSNi1kRWZwSWNGQ21xZHQzRW9BMy1KU3pDcFdOQnA4WFNFaDVud0YzNkNCazFGTkY1c3N6UWJ5UUwtMGtkRkZiTkRaQzZjZTNLTEdmTm9lMkhxcDhTc0FQREJJbTJ0SkFPVA?oc=5) · Canton Repository
- 2025-11-20 [‘The Nutcracker’ set to open with North Ridgeville-based ballet troupe: Sentinel Watch - Cleveland.com](https://news.google.com/rss/articles/CBMizAFBVV95cUxONndSOFhUd3poZU9ZS01FRWw5TzBzUTJBQ3R3NkJXLW5IbGU1QS1pd29fODNtUWVqeEw2NkpDb1FhSjhkLVY5eWZSUEQxb3lkS0phazlMamR2Q1NzeW9YRFRvUEtIVHJUMWZwR3dOallUT2hyb3h5T1I5X1Q1TWxFZXJoUmdDb0hVUGQwcnBQaER6UjBxbHJsZ21jdUVBcHpqTGViZnhrM1NrQ0VmNksyR2NfTGlnRzdfVndjTDd2WlhvS05jbmdJVzZDOUM?oc=5) · Cleveland.com
- 2021-10-14 [Jerald Merrill Obituary (2005) - Salt Lake City, UT - Deseret News - legacy.com](https://news.google.com/rss/articles/CBMikwFBVV95cUxQaWZjNEJONlBwMWJhS3E4ckZrQUhMWEhmT3ZDVWJNbVhOOGFqT1pPU1kyYW1GZ2dOU0hNTTFVZ3BFUTZFQ280aU9iY3NiVWhSVDlpNnNnY1JMRUJRUzkyMnJFeEd5VE9wYjdtN2JabGdna0l5MTEweVVvTjFjdEt3OEg0SDVMemJpT0lSb1hkZTFVRzQ?oc=5) · legacy.com
- 2023-03-25 [Room and ice rental available at NOTL Community Centre and arenas - Niagara This Week](https://news.google.com/rss/articles/CBMi5wFBVV95cUxOeW90b0I5WEZmYjVvY0Vjd2FnTmFyZ0lEWWhMeFh2dmV2eEVNVkRjcktPTTlCTTdpaGNPbWoxZ3BpWXZBOU9WSURqWURDYTAxSFVMTUpsMFJzNHczOXM0OElyUkItV2owX282cEIwbHp1dFB5NGNtMGdtSkFEZU1heW0xOFpmeVpFNDVXY3FyaWx6cERoY0gySFA4Y1JoZWhlSEhwWTMybmlaekJQZDNBYjVTdTgwUjdzdTM2Y2tISm5kdjhZU0Z0QnJhMnRBT2RGQm5VeUlDWDQ2cFM1UWltTHRnNTd6d2c?oc=5) · Niagara This Week

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=15942 (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/6.json (key "15942", 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=15942
- 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