# CONSTRUCTION
BINGHAM FARMS, MI · NCUA charter 21798 · asset band <$50M · latest filing 2026-03 · live
Share link (named URL with a preview card): https://getbookiq.com/cu/construction-21798

Who the members are: federal charter, multiple common bond, organized 1974, low-income designated. 1,173 members of 10,500 potential (11.2% of the field); checking penetration 66% (share draft accounts per 100 members); loans per 100 members 33.

**Verdict on the desk:** this could be *liquidity-rich*. 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 | $33.7M |
| Members | 1,173 (-0.1% YoY) |
| Full-time staff | 3 |
| Net worth | $3.5M |
| Net worth ratio | 10.5% (p19 of band) |
| ROA (annualized) | 0.31% (p38 of band) |
| Total delinquency | 0.10% (p25 of band) |
| Net charge-offs (annualized) | 0.00% (p37 of band) |
| Loans / shares | 59% (p52 of band) |
| Cash / assets | 38.5% |
| Borrowings / assets | 0.00% |
| Net interest margin | 2.55% (p10 of band) |
| Operating expense / assets | 2.31% (p16 of band) |
| Vehicles % of loans | 5% (p7 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 0% |
| Third-party paper % of net worth | 0% (p43 of band) |
| Vehicle delinquency | 0.00% (p16 of band) |
| Vehicle NCO | 0.00% (p35 of band) |
| Repossessed % of vehicle book | 0.00% (p46 of band) |
| Real estate % of loans | 83% |
| Credit cards % of loans | 3% |
| Unsecured % of loans | 4% |
| Commercial % of net worth | 32% |
| Core shares % of member funds | 81% |
| Certificates % of member funds | 18% |
| Average share balance | $14,232 |
| Participations bought / yr | $0 |
| Participations sold / yr | $0 |
| Participations outstanding | $324,928 |
| Loans outstanding per 100 members | 33% |
| Loans granted per 100 members, annualized | 1% |
| Average loan balance | $45,832 |
| Loans granted, annualized | $718,660 |

## Participation posture (from the same filings)

Bought $0 and sold $0 in the latest annualized quarter; $324,928 outstanding purchased (9.2% of net worth), $0 sold and retained. Sold in 0 and bought in 0 of the last 8 quarters. Shares 36.3% year over year.

## Flags firing in the latest filing

- **net worth falling** (`cap_falling`)

## 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 | 3 | delinquency rising, assets shrinking, members leaving |  |
| 2017-06 | 2 |  | assets shrinking |
| 2017-09 | 2 |  |  |
| 2017-12 | 6 | net worth falling, losing money, delinquency 2x band, loan book shrinking |  |
| 2018-03 | 4 |  | net worth falling, losing money |
| 2018-06 | 3 |  | loan book shrinking |
| 2018-09 | 3 |  |  |
| 2018-12 | 2 | losing money | delinquency rising, delinquency 2x band |
| 2019-03 | 2 | delinquency 2x band | losing money |
| 2019-06 | 3 | charge-offs p90, assets shrinking | delinquency 2x band |
| 2019-09 | 3 |  |  |
| 2019-12 | 4 | net worth falling, losing money | charge-offs p90 |
| 2020-03 | 2 |  | assets shrinking, losing money |
| 2020-06 | 2 |  |  |
| 2020-09 | 3 | margin squeeze |  |
| 2020-12 | 2 |  | members leaving |
| 2021-03 | 3 | losing money |  |
| 2021-06 | 3 |  |  |
| 2021-09 | 3 |  |  |
| 2021-12 | 1 |  | net worth falling, margin squeeze |
| 2022-03 | 2 | members leaving |  |
| 2022-06 | 2 | assets shrinking | losing money |
| 2022-09 | 2 |  |  |
| 2022-12 | 2 | delinquency rising | assets shrinking |
| 2023-03 | 1 | assets shrinking | members leaving, delinquency rising |
| 2023-06 | 2 | members leaving |  |
| 2023-09 | 2 | delinquency rising | members leaving |
| 2023-12 | 3 | members leaving |  |
| 2024-03 | 1 |  | assets shrinking, members leaving |
| 2024-06 | 2 | assets shrinking |  |
| 2024-09 | 2 |  |  |
| 2024-12 | 4 | net worth falling, margin squeeze |  |
| 2025-03 | 2 |  | delinquency rising, margin squeeze |
| 2025-06 | 0 |  | assets shrinking, net worth falling |
| 2025-09 | 1 | assets shrinking |  |
| 2025-12 | 1 | margin squeeze | assets shrinking |
| 2026-03 | 1 | net worth falling | margin squeeze |

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

- 2026-09-03 [Consumers Credit Union breaks ground on office location in Big Rapids - CUInsight](https://news.google.com/rss/articles/CBMirwFBVV95cUxOVzlZN2JRQml4cDBqUXNwcjl6MzdkUUpMemZ6dXFUVWdBM1BSdzVZX2NOMUgwMEU3N3gxdkEtMkVUUEpJUU9oV0Jqd2RLZUs5aEMyR1VKSldDV25YQURZc2V1N2NLVnUwRkVSSTgzM3VCTENXMWNtMklwLXF1cG9PNFUyLVhLbjg0ZG1LcGpBVnlOczJ3aDUzY2dhUGI3Tm5hd2sxWVRPZk9Ra2sxVFpB?oc=5) · CUInsight
- 2026-09-04 [Financial Plus Credit Union Breaks Ground on New Holly Branch - WSMH](https://news.google.com/rss/articles/CBMioAFBVV95cUxNWEpFWVJmYWtobVdXWjYtLVNrVmVMeG5hWkpZMjNNbnhKVGo5dkF6dUZJMlpjdXR2dU9RaXFHeWNBX1FkMDFsVU52aFVDNmpZUExFOG91eGoydkFlU0gtVlM4d21wTUZaTDUxU0FrYzNTbS1OMkNqVUs3RTA5WjZiZ2Zodllqa2hQSTJDYkg2Q1hxVDlmWFhzaXhKb3lsY1FF?oc=5) · WSMH
- 2026-09-01 [Consumers Credit Union named Chad Farrer as senior real estate and construction manager - CUInsight](https://news.google.com/rss/articles/CBMixwFBVV95cUxNTm5sSm9BZ3VUbWszY3VqUUJCQl80bFdYajRlZC01V1d6U0hEQVRVTUZhWmdKUzE3MDYxLTlyVHVCWWhiOXlKLU92S1NJQnN1RE5sMlpkVnNOVDNkVlZmLU8wdmYyNmUzUy03Y0EtSnJibzdaZWd5R044ZHpBbFloS3d0OERCMmxtbVZTU2xuT0F6bE1KbkdvWjRzbGtwdVEwamhneWRDMVI1M3FKT1Z2bkItQVRqWXUwS0hibmpkVGtaZ01TTWRr?oc=5) · CUInsight
- 2026-08-25 [New St. Joseph Fiber Link Could Strengthen Southwest Michigan's Connection to the Internet - moodyonthemarket.com](https://news.google.com/rss/articles/CBMivwFBVV95cUxPYUZlYXlyZXlPVGFCajBMVjd5RjB0NmVaTDhyLXRXdzV1RklnV1hEcXI3cThYTG9FOTdjMXhNZnl4T1dGYnlydEtjaU8tM2JZQzdvQ0tKc0diMzFFUnRFYnhjX3ZtNFRhcTRBcmNGcFAyNE1neFVfaEdlU3dJMER6U2JCeENmVTdrRFJyeE1OZ2VHbmVMSm9KLU9XN29DNGY0ZjRzY3pqY21hUWZGZ1JpNF9NSWFtNEh2bnVYNGtzaw?oc=5) · moodyonthemarket.com
- 2026-07-08 [Breakwater Federal Credit Union begins major renovation of Sharon Avenue property - myupnow.com](https://news.google.com/rss/articles/CBMi8gFBVV95cUxQS3FlVEFuU09zVk1WLXZsbk5aV0U5NVJDU1BXRUdDSF9Ga0Z6Rm5iQmQ1QWVENkVQaHlFYS1OT0Qzc2R6Tks1UjNEUjNPRVhLWDZyZ2UyaTVwRThreG9sckc2N3ExX29QNDdaOEJXOVFUMzFyVXZmNVJGYVhFa1Ffd0o4ZmxTR0FPbXNSRm0xRzdYaTJVU2hYa3MxcE1lUks1WUJ0N08wSVJ3dVA3Mk9qSzZMcmdUTUM5MllQR0dGWjdLblZDWUFOQ3RlY3V2aVNaZ1BpX0c3U1RNWndsTklGM1p3YjgtcGV0SlJmMlcwTkRzdw?oc=5) · myupnow.com
- 2026-07-15 [Detroit Free Press. . Construction is officially underway on a new stadium in Detroit's Corktown for the Detroit City FC professional soccer team. The club's executives joined with Detroit Mayor Mary Sheffield on Wednesday, July 15, to break ground on the 15,0 - facebook.com](https://news.google.com/rss/articles/CBMi4AFBVV95cUxQMENzOE1WM1ZMM2R6UEZaSTh6bFdCdkdIbnVFcnlGZnhHWGlwaGhIQ29ZWHVYRkFrNV9Mci1jblFuclRNV3QxUVFCZ3pnbU5JN0MtQkswVWRvZTI0YUdDQkdnak1rOXVmOXdndEp3b1BXcWU1U2N1LUdVQnFBUDRuT0JyYU1LYmNIUkhnODMxcmQtTUd1bzlFNzB4SzV4N2diSURrUGJ3azVWOGp2VG9IYmRITVdTcHdxeVV0Rk4xSkZjVEZmcUhxMm4tT0lQcUJCOHVMUVUzZ2hGLVY1NlFXbA?oc=5) · facebook.com
- 2026-04-01 [Business News & Notes: Insurance honors, credit union growth and AGC awards - Midland Daily News](https://news.google.com/rss/articles/CBMijwFBVV95cUxQWDhSU2VHeHlBR291ZG1ybzc0UThzRDNzVjgtZG9qZnBBYXRSQVBaUVB4S3I2UzVpbDY2ZnlKNG5nSGlDRHVzd0hZa2R3d1ppSlRaTWVMWnFjRGFoVmFRVjBIYWw2a3NKOFc4d3JxaENDa19hZ1RoZXVlc0R0b0xzWkx3TXY5a2Y4SUxZXzFKNA?oc=5) · Midland Daily News
- 2026-06-02 [Replacing Rite Aid, razing IHOP and a $215M project: 8 Grand Rapids-area projects from May - MLive.com](https://news.google.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?oc=5) · MLive.com

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=21798 (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/38.json (key "21798", 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=21798
- 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