# MANISTEE
MANISTEE, MI · NCUA charter 2186 · asset band <$50M · latest filing 2016-09 · stopped filing after 2016-09 (departed; for a credit union that is almost always a merger)
Share link (named URL with a preview card): https://getbookiq.com/cu/manistee-2186

Who the members are: federal charter, community charter, organized 1937, low-income designated. 1,325 members of 2,500 potential (53.0% of the field); checking penetration 24% (share draft accounts per 100 members); loans per 100 members 20.

**Verdict on the desk:** this could be *too clean*. Composite score 6 of 18 (one point per flag across 17 flags, capital below 7% counted twice).

## What the filing shows

| Measure | Value |
|---|---|
| Total assets | $5.1M |
| Members | 1,325 (– YoY) |
| Full-time staff | 2 |
| Net worth | $305,742 |
| Net worth ratio | 6.0% (p1 of band) |
| ROA (annualized) | -0.91% (p8 of band) |
| Total delinquency | 0.00% (p5 of band) |
| Net charge-offs (annualized) | 0.00% (p21 of band) |
| Loans / shares | 46% (p34 of band) |
| Cash / assets | 25.4% |
| Borrowings / assets | 0.00% |
| Net interest margin | 2.23% (p20 of band) |
| Operating expense / assets | 3.48% (p54 of band) |
| Vehicles % of loans | 71% (p81 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 0% |
| Third-party paper % of net worth | 0% (p45 of band) |
| Vehicle delinquency | 0.00% (p14 of band) |
| Vehicle NCO | 0.00% (p25 of band) |
| Repossessed % of vehicle book | 0.00% (p44 of band) |
| Real estate % of loans | 2% |
| Credit cards % of loans | 0% |
| Unsecured % of loans | 11% |
| Commercial % of net worth | 0% |
| Core shares % of member funds | 100% |
| Certificates % of member funds | 0% |
| Average share balance | $2,345 |
| Participations bought / yr | $0 |
| Participations sold / yr | $0 |
| Participations outstanding | – |
| Loans outstanding per 100 members | 20% |
| Loans granted per 100 members, annualized | 8% |
| Average loan balance | $8,071 |
| Loans granted, annualized | $1.1M |

## Flags firing in the latest filing

- **thin capital** (`cap_low`)
- **capital below 7%** (`cap_critical`)
- **net worth falling** (`cap_falling`)
- **losing money** (`earn_negative`)
- **auto monoline** (`str_vehicle`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 5 | thin capital, capital below 7%, losing money, auto monoline |  |
| 2016-06 | 5 |  |  |
| 2016-09 | 6 | net worth falling |  |

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

- 2026-04-14 [Bloom Credit Union opens new Wyoming branch - CUInsight](https://news.google.com/rss/articles/CBMijAFBVV95cUxQbnVyOGlVQm9TZ2JWVUtSVC16aEZqQkFtZWVRVHpjT1R5SGQtdjU5Wl9Tdmk2UzhnV0Z4VXdlWm5ENDF6c2hTMlpWNDVBczl3T01fbS13a3lpTGwwTk1fTkNmYjE1RUZnZm5UZll5bTRMcVhKTGNvOTZVMmNMQS1TUTdMOVg5OHM3cEpaMg?oc=5) · CUInsight
- 2026-05-06 [Nine northern Michigan credit unions launch $500 micro-grant program for flood victims - 9and10News.com](https://news.google.com/rss/articles/CBMiwgFBVV95cUxQZnBzMDB2NTg5MkFTdUlKYXJnUFR0N093Wi16LTRXamQwQ19oeFZiYWotMDdyVEZzMFpyX2FBWjlFMUZtVXUwVVpaV0owT2pyaUFvOTd6dXBjR05uS3Q2MUwxbEplRjFIOHhEV3hnY2VZZXoxcVV2bi1HcHlud2tDZEkzMWtzb2dManVuc2pJbDhPdmgwRWJWMEM2UVJHODBSOGtzd0JKN1JoZWktU3oyUnBTczNRNHY2cUlWcDRyOXFGdw?oc=5) · 9and10News.com
- 2026-01-16 [Early morning ATM thefts prompt investigation by Manistee County Sheriff’s Office - 9and10News.com](https://news.google.com/rss/articles/CBMiuwFBVV95cUxOR01xdF94QmJkYlVJVTZpYlN1XzZaczBORGdxUTM2Z1RNZVRadndxVDFmZWh1OEM5WVhvdEpicndHWFZzVFF5SVdERndJWGZlUEJHZE82elRleHE5N1Vnd051Y3ZtTVFld0VtbER3RDF1VFZqVk5mUHA3Y19hN05RaVhnS3UzcnlpeWkwZk1HeEJVNHNkUjhJYWtReEYxbVhLTEVpbVlQSXhwc0kzWXN5OGdkdDhSSWcyclc4?oc=5) · 9and10News.com
- 2025-03-14 [West Michigan Credit Union announces merger with Bloom Credit Union - Big Rapids Daily News](https://news.google.com/rss/articles/CBMiuwFBVV95cUxQUm5ldjBrOHE5VXl4VEgwdFRSVlU2M0JhMlFEdVZpUXNDMVhZeUNDNUw5NnFGRWdraEN1elhvaUE5VGh3bjF5UXlZTlNxSTJpZVBsNHlnbjZpUHZKWE9yLXYyVVNqTDVDVU5jeXV0Wk5leXc0ZHB4WGtHOTMxMkZVREc0blB1Mzh5TGZmNjBRb1h5VVpSZVpSRVF6V3FqTGI3SVhFa1F5TzU4Wm1ORDBONzVOOGxONXJOTHo0?oc=5) · Big Rapids Daily News
- 2024-07-07 [Two West Michigan credit unions announce merger - MLive.com](https://news.google.com/rss/articles/CBMiogFBVV95cUxOUzkzVzVNbDNqaHdXU0s5bExfNGdYaDJibG1Hd0lOM1gwUnNwNzl1Y0hiOURHOXdMZnBUb1pjNlE0bU4tZl9GdjZkbVp6aVJLV0kyVnFIV2loR01iMG42aF9BbUg3QVlTNzdOYjRzUXgtZFFwTVpSQkhnV0syUjdvRzNvSE13TGFmaWxhMW9PTmJaUTE4aEYtWUU2YnFPc3c3TXfSAbYBQVVfeXFMTk8yTVE4UFNrN3RwQVpLTGpIMGJvSmZpcWM4WVFvRzQ5WVB3REtiYXZBNkFHVXU0ZVJ0RTdBMWN5U3MxaWxJU0kzS0RFSGFXSE1lZEczZWlrOU5fZk5DRW5aS1dLLWN3SlFHbjNzWkR0cmphalRHRnpHZ0JYQTh3SEllS3diZjNGeElnWDczTHFPOWhSVXNRZnR1STNxRkhpeWMxRHNYU2t4czktcy1VSm1zdGlsenc?oc=5) · MLive.com
- 2016-10-17 [West Michigan Credit Union opens new office in Manistee - Manistee News Advocate](https://news.google.com/rss/articles/CBMiqwFBVV95cUxPZGRMTzQ4bGZ3NUwxY3J3UVRJZVRLUmVtRl9STExCQ3hUZWFBUVRuekRiRklUMzNZUG1XVVhFUHB4VzRDXzlqNXN1QjI3anc4OVZaT0VEV2FtN09taWZxRHVwMTYzX09aWXNObllDOC0tVkppbDZ2UjZKY0JQaE5pNEZ0eHdtLWhZSlNxZmJOT1ZPa0I3SC1oVi1haFJqSFRRNzF0SjlyNEdJMlU?oc=5) · Manistee News Advocate
- 2025-08-20 [Bloom Credit Union breaks ground for new Wyoming branch - CUInsight](https://news.google.com/rss/articles/CBMinAFBVV95cUxNeHZZMkhlMlUzQUFPbzU4d1pHUTFlNzJPaUZWUjVzeDhQM09xVndGZEFzakdvZmJpM21xTG9iRE9PNl9YSWxLRjZFZU1xSXl2NWVWelZEMVNQQW1vNmItUFNQQW8wUml2Qk53WXE4SmdUNWQwNjRlQlQ4Y3VsT2NBODBDWG0xQ0F3X193eTVHdXBqY0NZSGhUNjlSTzM?oc=5) · CUInsight
- 2022-02-15 [Red Hot Best 2021: Northern Michigan’s Top 7 Banking Institutions - mynorth.com](https://news.google.com/rss/articles/CBMilAFBVV95cUxPeHZkRUJzRUpodHRiMEZ5WVF5ZU5ual9WV0R6cjNBTUZvcER1M2VRN3VHOUcxcVhCWmRfZVJ2NW85eVVRWVJ5MTJSQUhVM2ZpNlNvdWZaekVRVEQ0ZktQRnN5eUNXdG92bHp2NHV2Q205OFdEc3pJdldLQVRIbGVjY09yckNMSW1YaC10MmxNUnA3QUxn?oc=5) · mynorth.com

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=2186 (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/10.json (key "2186", 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=2186
- 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