# JOURNEY
SAINT JOHNS, MI · NCUA charter 20943 · asset band $100-200M · latest filing 2026-03 · live
Share link (named URL with a preview card): https://getbookiq.com/cu/journey-20943

Who the members are: federal charter, community charter, organized 1972. 17,238 members of 413,452 potential (4.2% of the field); checking penetration 71% (share draft accounts per 100 members); loans per 100 members 59.

**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 | $189.6M |
| Members | 17,238 (-0.0% YoY) |
| Full-time staff | 39 |
| Net worth | $18.7M |
| Net worth ratio | 9.9% (p26 of band) |
| ROA (annualized) | 0.71% (p51 of band) |
| Total delinquency | 0.55% (p45 of band) |
| Net charge-offs (annualized) | 0.35% (p53 of band) |
| Loans / shares | 62% (p35 of band) |
| Cash / assets | 28.4% |
| Borrowings / assets | 0.00% |
| Net interest margin | 3.32% (p30 of band) |
| Operating expense / assets | 3.66% (p50 of band) |
| Vehicles % of loans | 51% (p73 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 63% |
| Third-party paper % of net worth | 190% (p84 of band) |
| Vehicle delinquency | 0.82% (p63 of band) |
| Vehicle NCO | 0.52% (p49 of band) |
| Repossessed % of vehicle book | 0.00% (p32 of band) |
| Real estate % of loans | 23% |
| Credit cards % of loans | 5% |
| Unsecured % of loans | 8% |
| Commercial % of net worth | 73% |
| Core shares % of member funds | 52% |
| Certificates % of member funds | 15% |
| Average share balance | $4,313 |
| Participations bought / yr | $0 |
| Participations sold / yr | $0 |
| Participations outstanding | $16.8M |
| Loans outstanding per 100 members | 59% |
| Loans granted per 100 members, annualized | 10% |
| Average loan balance | $10,364 |
| Loans granted, annualized | $29.0M |

## Participation posture (from the same filings)

Bought $0 and sold $0 in the latest annualized quarter; $16.8M outstanding purchased (89.8% of net worth), $0 sold and retained. Sold in 0 and bought in 6 of the last 8 quarters. Shares 3.2% year over year.

## 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 | 1 | losing money |  |
| 2016-06 | 3 | delinquency 2x band, charge-offs p90 |  |
| 2016-09 | 1 |  | losing money, delinquency 2x band |
| 2016-12 | 1 |  |  |
| 2017-03 | 1 | net worth falling | charge-offs p90 |
| 2017-06 | 0 |  | net worth falling |
| 2017-09 | 0 |  |  |
| 2017-12 | 0 |  |  |
| 2018-03 | 0 |  |  |
| 2018-06 | 1 | 3rd-party paper>100% NW |  |
| 2018-09 | 1 |  |  |
| 2018-12 | 1 |  |  |
| 2019-03 | 2 | net worth falling |  |
| 2019-06 | 2 |  |  |
| 2019-09 | 1 |  | net worth falling |
| 2019-12 | 1 |  |  |
| 2020-03 | 3 | net worth falling, delinquency rising |  |
| 2020-06 | 4 | thin capital |  |
| 2020-09 | 3 |  | delinquency rising |
| 2020-12 | 3 |  |  |
| 2021-03 | 4 | margin squeeze |  |
| 2021-06 | 3 |  | net worth falling |
| 2021-09 | 2 |  | margin squeeze |
| 2021-12 | 2 |  |  |
| 2022-03 | 3 | net worth falling |  |
| 2022-06 | 2 |  | net worth falling |
| 2022-09 | 3 | delinquency rising |  |
| 2022-12 | 4 | delinquency 2x band |  |
| 2023-03 | 3 |  | delinquency 2x band |
| 2023-06 | 4 | assets shrinking |  |
| 2023-09 | 5 | delinquency 2x band |  |
| 2023-12 | 3 |  | delinquency rising, delinquency 2x band |
| 2024-03 | 2 |  | assets shrinking |
| 2024-06 | 1 |  | thin capital |
| 2024-09 | 1 |  |  |
| 2024-12 | 1 |  |  |
| 2025-03 | 2 | members leaving |  |
| 2025-06 | 1 |  | members leaving |
| 2025-09 | 1 |  |  |
| 2025-12 | 1 |  |  |
| 2026-03 | 1 |  |  |

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

- 2026-07-23 [Members Mobile Launches Mobile Service with Safe 1 Credit Union to Drive Member Growth - Business Wire](https://news.google.com/rss/articles/CBMi2wFBVV95cUxNejdtYVFIbEdYLUZuTEdrN3ZiREVxbndreG9WQmItQnM4NE1XdkdzMElSZVZ3bUFNd1NlTU13ZVpPNk5KU3UyYXExV1FmVE84bnNHNkc3X2JWUktIa2VTdVV0dlJGZUhRM3pSTDJFbXR6WjM2cnJKcHJmSG1qN0xyZDEzVGt4T1BPSDFRZFZ1REpCbF9pTWlob0ZPUW9tX1oya3dqaGFhU0pKTjIwd280RWJCSWx2OUhycE5ZZEZKS0dHbVRDc2RJR2hwSGlzM3FBLWZiS0RwazFtdVk?oc=5) · Business Wire
- 2026-01-13 [RevlTek Announces New Product Launch with Collegiate - Knoxville News Sentinel](https://news.google.com/rss/articles/CBMiqAFBVV95cUxOanFwWkpDNkhqR0h6bG9QbkRIZFpCUGpYTmtwMmxEU291UDlJeWVvSmM2akNaY2pqdVZLdnBCc0JJM1lJMkY5Q2gtUWJtMUdBYVlkZVJjeWotUjMyQjl2TzVTZ2tJdG9KSGVxak1Rd2pMWU56eERpZUhXWEd6NTVCWHJROER4NmpXTlhSZ09rY0hfNThPSG41RUNVdG1Kc3ZSeDdNZ0VXc28?oc=5) · Knoxville News Sentinel
- 2025-10-07 [Agentic transformation drives LMCU’s innovation - SiliconANGLE](https://news.google.com/rss/articles/CBMiqwFBVV95cUxOYWVIekFnMmVLZlFBSjMzUnphUzRQOFFuNXE0bmZzcUIxR1Rsc3I2OTMzdkMyX0Z5TXVhQUFMUW5kbnF3X0VTeVdGRWpaUWk2MDFMTG1sWWIyWUExQk9kMWVzZ2JIRVdBUXpiSUF2NEZia0tXbFEtdXpIaEs0MWtRYy1oN0VmX1ZVU1J2TG9VVUZOcFNrRFNTNlFGNDB5Q1RYYXJuM1hKcjhNYWs?oc=5) · SiliconANGLE
- 2025-02-16 [New credit union coming to downtown Alma - The Morning Sun](https://news.google.com/rss/articles/CBMiigFBVV95cUxNV210aW5aVlFnNXR6Zi1kaENuYmdLdXROQnZ2NkJwMXMxSnliSHVUeVRwTlVVdmhsTkE2eERFaHV6MW1ZNUI4alB4SklZSlA2QldlNzlKWVFNNU9Oc2x2VEZTZ0tVM2RyOGo3WUxGZXN1bXdCNV9WUHdXNHc4RHdnRGUwTUhtcDJNV1E?oc=5) · The Morning Sun
- 2025-12-10 [Wintrust Arena - DePaul Blue Demons - Stadium Journey](https://news.google.com/rss/articles/CBMifkFVX3lxTE5wUE1NM2hnbUlMU29INUhoelJpT0Vya3FRN1dCYl9MZGJsWVhFVEppblRoMUloem5YeGlDYzZkN0lUcDlWaDVycjR1bXFISlMzRnBPaWd1ekxncGNQOUNneG9oeUtkNzFEa3hoSURpeFhWSE5YRHFmTXBoN2lVUQ?oc=5) · Stadium Journey
- 2025-12-10 [Suburban Collection Showplace to be renamed Vibe Credit Union Showplace in 2026 - WXYZ Channel 7](https://news.google.com/rss/articles/CBMiqAFBVV95cUxNNWo2TWREMko1SFV3RWwyMWhhdTBKelZhM3RKdTkzRFpUNW9hUFg4TVdnaUtvbFp0Tlk2WDBjaGRfeFhsLXV0MW55OFd4TzBfS1hUemVWMWc2V3hRalNmRVVxS0RtMHFyd3BxaWNOSjZPT1NhZEZ1TXJwQ3Ntc0J3MC0tU09seVNKek5jN0pjN2ozN2dkTmZMMTNveVJfaHRfb0s3RmpCdmM?oc=5) · WXYZ Channel 7
- 2026-06-29 [20 Largest Credit Unions in America | Banking Advice | U.S. News - U.S. News & World Report](https://news.google.com/rss/articles/CBMigAFBVV95cUxPTGo3NzJqcExQdW1NT240R08xaGVXT1pFZHBGS29RSG9UaUJQaWkxV3RrbEZheE5jWjRlUmp0am5oQ3V6SFh6U2lIQ2NvaWtKTnhsNko2TU0zYXRhWUFEb0ZBUWFJUkxYWlQ4eVBTWHFmNjZkbW1QOXg1VnBDbExpWA?oc=5) · U.S. News & World Report
- 2021-09-08 [Journey Federal Credit Union appoints CEO - The Argus-Press](https://news.google.com/rss/articles/CBMijwFBVV95cUxQeUxPOXpwNy1GYXlFZGRNNzRteGNKS2hIeTRTVDhfaVpvSHRhUzM1UlJMMFlycjJwQlFXbVJ4YURZSE92NzU3MWNKQ1ROMDZzMkdxTUZDbnFfRlRCdnNfc0VQbTcwTGVtUzNwaV90RWt5ODM1VEdacWRmZDhYSFIyeUZ3RFEyZTl4NUlVTFBiTQ?oc=5) · The Argus-Press

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=20943 (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/15.json (key "20943", 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=20943
- 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