# HEALTH ADVANTAGE
SAGINAW, MI · NCUA charter 20007 · asset band $100-200M · latest filing 2026-03 · live
Share link (named URL with a preview card): https://getbookiq.com/cu/health-advantage-20007

Who the members are: federal charter, multiple common bond, organized 1970, low-income designated. 10,639 members of 415,000 potential (2.6% of the field); checking penetration 55% (share draft accounts per 100 members); loans per 100 members 105.

**Verdict on the desk:** this could be *quiet fade*. 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 | $179.4M |
| Members | 10,639 (-5.3% YoY) |
| Full-time staff | 31 |
| Net worth | $23.6M |
| Net worth ratio | 13.2% (p68 of band) |
| ROA (annualized) | 0.80% (p56 of band) |
| Total delinquency | 0.37% (p29 of band) |
| Net charge-offs (annualized) | 0.29% (p44 of band) |
| Loans / shares | 70% (p51 of band) |
| Cash / assets | 19.5% |
| Borrowings / assets | 0.00% |
| Net interest margin | 3.51% (p41 of band) |
| Operating expense / assets | 3.54% (p47 of band) |
| Vehicles % of loans | 26% (p29 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 49% |
| Third-party paper % of net worth | 71% (p63 of band) |
| Vehicle delinquency | 0.15% (p17 of band) |
| Vehicle NCO | 0.33% (p38 of band) |
| Repossessed % of vehicle book | 0.09% (p78 of band) |
| Real estate % of loans | 42% |
| Credit cards % of loans | 5% |
| Unsecured % of loans | 7% |
| Commercial % of net worth | 103% |
| Core shares % of member funds | 61% |
| Certificates % of member funds | 24% |
| Average share balance | $6,936 |
| Participations bought / yr | $8.2M |
| Participations sold / yr | $0 |
| Participations outstanding | $14.4M |
| Loans outstanding per 100 members | 105% |
| Loans granted per 100 members, annualized | 16% |
| Average loan balance | $9,823 |
| Loans granted, annualized | $29.6M |

## Participation posture (from the same filings)

Bought $8.2M and sold $0 in the latest annualized quarter; $14.4M outstanding purchased (61.1% of net worth), $0 sold and retained. Sold in 0 and bought in 8 of the last 8 quarters. Shares 1.4% year over year.

## Flags firing in the latest filing

- **members leaving** (`shrink_members`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 1 | losing money |  |
| 2016-06 | 0 |  | losing money |
| 2016-09 | 0 |  |  |
| 2016-12 | 0 |  |  |
| 2017-03 | 1 | 3rd-party paper>100% NW |  |
| 2017-06 | 1 |  |  |
| 2017-09 | 1 |  |  |
| 2017-12 | 1 |  |  |
| 2018-03 | 1 |  |  |
| 2018-06 | 1 |  |  |
| 2018-09 | 2 | delinquency rising |  |
| 2018-12 | 1 |  | delinquency rising |
| 2019-03 | 1 |  |  |
| 2019-06 | 2 | net worth falling |  |
| 2019-09 | 1 |  | net worth falling |
| 2019-12 | 1 |  |  |
| 2020-03 | 2 | net worth falling |  |
| 2020-06 | 3 | delinquency rising |  |
| 2020-09 | 2 | margin squeeze | net worth falling, delinquency rising |
| 2020-12 | 2 |  |  |
| 2021-03 | 4 | net worth falling, delinquency rising |  |
| 2021-06 | 3 | losing money | margin squeeze, delinquency rising |
| 2021-09 | 1 |  | net worth falling, losing money |
| 2021-12 | 1 |  |  |
| 2022-03 | 2 | members leaving |  |
| 2022-06 | 1 |  | 3rd-party paper>100% NW |
| 2022-09 | 2 | delinquency rising |  |
| 2022-12 | 0 |  | members leaving, delinquency rising |
| 2023-03 | 2 | delinquency rising, assets shrinking |  |
| 2023-06 | 1 |  | delinquency rising |
| 2023-09 | 1 |  |  |
| 2023-12 | 2 | delinquency rising |  |
| 2024-03 | 0 |  | assets shrinking, delinquency rising |
| 2024-06 | 2 | delinquency 2x band, delinquency rising |  |
| 2024-09 | 2 |  |  |
| 2024-12 | 1 |  | delinquency 2x band |
| 2025-03 | 1 |  |  |
| 2025-06 | 0 |  | delinquency rising |
| 2025-09 | 1 | members leaving |  |
| 2025-12 | 1 |  |  |
| 2026-03 | 1 |  |  |

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

- 2026-06-12 [Health Advantage Credit Union named outstanding Credit Union of the Year in the Medium Asset Size Category - CUInsight](https://news.google.com/rss/articles/CBMi4AFBVV95cUxOM3hMNjBzbW90WmxJbHN5NUlVWjAxbnlGZ1FfdFdFM2ZPTTVjYlI4dG95UXVZMm4yMlA5cU1IclloVHUtRnJ4Tk1tVkdhanJfY3ByTmlZclFTWVVUa0hPR1hWS0lQQmNrM2RLOHM5cFhYUFBOVlV0QnZCQV9oMkJYeVFhRTV1VVl0blpRcFRmNkg4bEljSlRlWno0RFVIX1hacTh0UjZUcnRaR2pmRHhMV05YWGVQTVJkR05iM0s2bTVYUFl5RVpzQ2lEN1RrbkpHWXhDSmMyOThlNzBfYXJiVQ?oc=5) · CUInsight
- 2026-03-11 [Health Advantage Credit Union wins national award for online banking experience - MLive.com](https://news.google.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?oc=5) · MLive.com
- 2021-05-17 [Health Advantage Credit Union to open in Midland in summer 2022 - Midland Daily News](https://news.google.com/rss/articles/CBMipwFBVV95cUxNV3JMa19RYXhVNjR2cFRsSnI1NjZER0hvUWxhUktkY1RITDdXSzR2OElsUUlmUFc0QXJYdWxjNlBGUXc4TlVHZjhMbTljbVpzS0FZYUZWMW1tVE1kalRrTnpOLXAyd1AwbTZWNG5LamNRY2ItSWY4R19ENGZiRjVwSEFJRjYwd2lwNmVicWM4MmlpQk9BOHl3UktpYkNmcUVXVTZTcG1TQQ?oc=5) · Midland Daily News
- 2025-05-28 [Health Advantage Credit Union employee receives Credit Union Spirit Award - CUInsight](https://news.google.com/rss/articles/CBMitAFBVV95cUxPUUs1RnYwYjgyMnF3TWdydTZPRFJvSGE3by15cWR6VFlLZWw2QkdGZklleGZiM01JTXJkaXl6QVFoZER4LVFzUTVoektwMnl4RnpzQ1dzUWxoZ01RTFlVQUFCblJEQnRoX0JXZXlzZF9uM1VTdlpnQjhOWFRSSTY4S2tHZkNoQi1LU0xHUnE3dUI2UUxkUnR4eXJOUG4xOEx3dzV4bVozYm1GNlpmLVFzSmk3UlM?oc=5) · CUInsight
- 2026-01-26 [Foundation commits $25K to new Bay County health center - MLive.com](https://news.google.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?oc=5) · MLive.com
- 2025-06-12 [LuCinda Marzette Obituary June 12, 2025 - Paradise Funeral Chapel](https://news.google.com/rss/articles/CBMic0FVX3lxTE9tcExuZ04tdmVxdm5EMDd5eDV6cEpmSTZndUdyRnFkOHR0elc1cGVhcHhMeHVSOVE0WDVTckRic0Y1Ukl2M2xDNV83c1FfTS1CU0FiTWlJV2YwNFhhNEprVFhmN3JPRl9RandzaEJfblM4S00?oc=5) · Paradise Funeral Chapel
- 2025-06-26 [Health Advantage Credit Union’s Adriana Lemon earns Certified Fraud Examiner credential - CUInsight](https://news.google.com/rss/articles/CBMixgFBVV95cUxNLXdYZWotMVFfbU0taFpVekNpLVlfcFdkcVhxLXF5S1I0VlZwQXhOUmphSXlGQnlPeHRnVGZZd0p5SUE2alhLQ2h0TmFyZlFOaVRDTm5WVWo4d2pTek9vdmtZWm1xTmcydWJla1lDaHRRUnZMQ3RST2FQT2hTZ0lINkJHVjV5UXRmQnRNcmI3ZUx5aDFBM0MtTzg4TVU1QWtuejExR2FPdVpfVjJmNFhqZW00cS1xaE90R2Ryb3FJdTF4dmdkamc?oc=5) · CUInsight
- 2021-03-24 [Planning commission holds hearing on new credit union - Midland Daily News](https://news.google.com/rss/articles/CBMiogFBVV95cUxPUlByVzh4Q29KWDRMZGp6Y29lTVYwa2hWVWd4eEFlRDEyaXJTM2lBYVl1ZTNzaFlEVGxISUhrcS0yNllIWHdUUzNVQWt1LXpyZ2Q5alZ6cTFDc0M3N1g2Wngxd2ZGekxGY3NXZ2QtdnpuN09teDFsWXZrVkRnM3Y0NXAtT1R3NmhNSXlvaU02N3U2aUdwd3kwXzUwakJxQkNUM2c?oc=5) · Midland Daily News

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=20007 (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/39.json (key "20007", 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=20007
- 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.

---
Rendered 2026-09-10 from the desks' own data files. Full guide: https://getbookiq.com/guide