# CIRCLE
Niles, MI · NCUA charter 22114 · asset band $100-200M · latest filing 2026-03 · live
Share link (named URL with a preview card): https://getbookiq.com/cu/circle-22114

Who the members are: federal charter, community charter, organized 1975, low-income designated. 6,094 members of 87,000 potential (7.0% of the field); checking penetration 72% (share draft accounts per 100 members); loans per 100 members 42.

**Verdict on the desk:** this could be *ordinary*. 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 | $117.2M |
| Members | 6,094 (3.7% YoY) |
| Full-time staff | 35 |
| Net worth | $10.5M |
| Net worth ratio | 9.0% (p13 of band) |
| ROA (annualized) | 0.77% (p55 of band) |
| Total delinquency | 0.62% (p50 of band) |
| Net charge-offs (annualized) | 0.01% (p9 of band) |
| Loans / shares | 75% (p61 of band) |
| Cash / assets | 20.6% |
| Borrowings / assets | 0.00% |
| Net interest margin | 3.19% (p23 of band) |
| Operating expense / assets | 3.64% (p49 of band) |
| Vehicles % of loans | 20% (p21 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 0% |
| Third-party paper % of net worth | 0% (p32 of band) |
| Vehicle delinquency | 0.38% (p36 of band) |
| Vehicle NCO | 0.00% (p8 of band) |
| Repossessed % of vehicle book | 0.00% (p32 of band) |
| Real estate % of loans | 70% |
| Credit cards % of loans | 2% |
| Unsecured % of loans | 3% |
| Commercial % of net worth | 0% |
| Core shares % of member funds | 59% |
| Certificates % of member funds | 26% |
| Average share balance | $6,736 |
| Participations bought / yr | $0 |
| Participations sold / yr | $0 |
| Participations outstanding | – |
| Loans outstanding per 100 members | 42% |
| Loans granted per 100 members, annualized | 9% |
| Average loan balance | $31,203 |
| Loans granted, annualized | $14.1M |

## Flags firing in the latest filing

- **thin capital** (`cap_low`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 1 | thin capital |  |
| 2016-06 | 1 |  |  |
| 2016-09 | 1 |  |  |
| 2016-12 | 1 |  |  |
| 2017-03 | 2 | delinquency rising |  |
| 2017-06 | 3 | net worth falling |  |
| 2017-09 | 2 |  | net worth falling |
| 2017-12 | 1 |  | delinquency rising |
| 2018-03 | 1 |  |  |
| 2018-06 | 2 | net worth falling |  |
| 2018-09 | 1 |  | net worth falling |
| 2018-12 | 2 | delinquency rising |  |
| 2019-03 | 2 | net worth falling | delinquency rising |
| 2019-06 | 5 | delinquency rising, loans>95% of shares, leaning on borrowings |  |
| 2019-09 | 1 |  | net worth falling, delinquency rising, loans>95% of shares, leaning on borrowings |
| 2019-12 | 1 |  |  |
| 2020-03 | 1 |  |  |
| 2020-06 | 2 | expense trap |  |
| 2020-09 | 3 | net worth falling |  |
| 2020-12 | 6 | delinquency 2x band, delinquency rising, loan book shrinking |  |
| 2021-03 | 7 | capital below 7%, margin squeeze | delinquency 2x band, delinquency rising |
| 2021-06 | 7 | delinquency 2x band, delinquency rising | loan book shrinking, margin squeeze |
| 2021-09 | 7 |  |  |
| 2021-12 | 4 |  | net worth falling, delinquency 2x band, delinquency rising |
| 2022-03 | 4 |  |  |
| 2022-06 | 5 | net worth falling |  |
| 2022-09 | 5 |  |  |
| 2022-12 | 4 | loans>95% of shares | expense trap, net worth falling |
| 2023-03 | 2 |  | capital below 7% |
| 2023-06 | 2 |  |  |
| 2023-09 | 2 |  |  |
| 2023-12 | 2 |  |  |
| 2024-03 | 3 | margin squeeze, delinquency rising | loans>95% of shares |
| 2024-06 | 3 |  |  |
| 2024-09 | 3 | loan book shrinking | margin squeeze |
| 2024-12 | 3 |  |  |
| 2025-03 | 4 | delinquency 2x band |  |
| 2025-06 | 1 |  | delinquency rising, loan book shrinking, delinquency 2x band |
| 2025-09 | 1 |  |  |
| 2025-12 | 1 |  |  |
| 2026-03 | 1 |  |  |

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

- 2026-03-26 [Georgia-based Workmen's Circle CU is top-performing US credit union of 2025 - S&P Global](https://news.google.com/rss/articles/CBMi6gFBVV95cUxNQ01sam1LQXlQTmFiZEZWai1fRUhkZU94Q2p6Z0VKYTFFNzZncUJkV1p2WEgwOXlremdRRlhub0JxTzhpMWIxMHJOU01UUmpYY3BlNC1zcUxfQnJkR2s1TUxmN2tEdG5FNGxzZllvUGRTRmJyMjVUT2ZpejRKWUF6WUZUWUd6OUhnMlFFNkpFZUx5Q2tsaFlabWVUaUJucVlPQng4a0JjUThRVktjc3FwNUd2dmNhS20wWmNDNXJUZzloT25rVTJmdVFpbk1oeE16S3RxeXc2bTZWQXNkYU5KZDZRU0FHbFdLWkE?oc=5) · S&P Global
- 2026-03-18 [S&P Global Market Intelligence Releases Annual Rankings of Best-Performing U.S. Community Banks, Public Banks and Credit Unions for 2025 - Yahoo Finance](https://news.google.com/rss/articles/CBMiiwFBVV95cUxPRTU0R2t6ZG1fNHl4ZUZpZWhsVllITFI4M0daV3lJQjFDcUZNaGtOMEttT013TVk1N0I2US1MYno2UWNpdzVfWUF4OFpwQWlsV0MwMGZ3ZzE1YzhJWEhHWkFCc0dUYVdnZWFXQzAtcFN5RjVMSm1ubVhzbldXWnpYdjJzV0NWZzJuN1g4?oc=5) · Yahoo Finance
- 2026-06-01 ['I saw a few people running': Two shot at Rosa Parks Circle in Grand Rapids - FOX 17 West Michigan News](https://news.google.com/rss/articles/CBMiyAFBVV95cUxPWUdMTDBlSS1lRGEtSmgtYzZrcXhZczN2ZDF3S1hIbWJiTHktandaa1pFX1JaTEdDdEplbnIxRWFNUTJkWUExeWNEYjVUUFpoQnJXQk12LXFOZUwybWxrOU5OU3ZiWlNaVHhMVDRMMDZpZVk2Q1lSalJRUF9vazRQTjdjd3o3X3ZOU0ZTUndIeGxMYVA3SlRLaGtxTkhRajZFWGZaTlJnN0xTUGVWWUN0ZVZqSnI0NUREeV81UFdrcDFjQUNWY25JMA?oc=5) · FOX 17 West Michigan News
- 2026-04-29 [Circle of Excellence Awards Draws Large Crowd - The Saline Post](https://news.google.com/rss/articles/CBMikwFBVV95cUxOVVhXcGFPSjM3SUZKLUlneF9KUnFXakFVb1dkYmJEV3ZlOThhWEZLc3FSSFdxQm8tU3VBbGZjaU1WQk8wWGlianRuekxfU3pJVzlGMG5kRnk4T2JKdkphZmJIVGJBa29nNVUtQnhNdzUxU3hhQ1BQRUdPY3pTY3RjMnQwaVR2bldzd0s5THdZOEpwZ0E?oc=5) · The Saline Post
- 2026-08-22 [Puscifer Setlists 2024 - JamBase](https://news.google.com/rss/articles/CBMiYEFVX3lxTE1BaF9KaWZrUmlvdDR5SEp4cTlIenFKaExsZEtPR0Q1WDBEZTFLMC1CM29kb3Nqd0JQakhOTkpXQ0lVZTcxbE5XQ2Q1ajlSU0ozUGdsZmNhNnNEaE9GNUtFNg?oc=5) · JamBase
- 2026-06-10 [Staind reveal special "Break the Circle" show in their hometown - chaoszine.net](https://news.google.com/rss/articles/CBMijAFBVV95cUxPMm5xRW9tOC1LRUQ1ZFo2akE4UUJnVGFxVk93Nkhic0xhOHZuVktQWmIzR0R2ek02ZU1XQnVwY3lnbjNTZExadlUyWVBaZ0I0MWVORWQzNFdnV01LbVFvT2dmN3oxdDJIQ19QNGl6RzhpM2I4dWl4X2h2TTUyNF9PZ3FHdUxvTUVmcEhoYQ?oc=5) · chaoszine.net
- 2022-12-19 [Late surge in credit union-bank tie-ups pushes 2022 past 2021 - Banking Dive](https://news.google.com/rss/articles/CBMitgFBVV95cUxNTU5PdWJueWc4bXJBb0hicWZRcl92M2k5ZzB1MUdKWHJaSTU1VzV3WGhKcjI3ZE54UHQ1OV84a0RpVkwtbWlGN3psbk5JaHVPQWJWWUJ4TDRQdTRPRTh0bDFhM2JxSTAzS3ZhN25GOVNxSzlPQmhQX29GWWxtV2EtRmZDQ3hvaUFZc2E3QzFFS29HM05EY3RURFNSNExPRXJoZk9WMEtSaHd2SklGOVFWaVoybG5PZw?oc=5) · Banking Dive
- 2024-01-12 [Circle's plan to go public, Amazon's new payments tech for health care - American Banker](https://news.google.com/rss/articles/CBMipgFBVV95cUxOdE1KTXZJUFFsdDlybEwtZW8wQllVUjdWb2dzdWhnMVhqZkljMHdWVUdjcXFMSmFtYmpwTnpDVXg1eFVQbVUteU0tNUF1RTJZWnlsNVRDS0pTTWp5LVg1LS1iQlhhN05JaTBtYVgxMm9Za0toX0ktWlIwQ3pIZk42SXRTQlJsdVBLREU3TGR6VHNrX1A1MERtWHVGV3FzT1AxQXp6NDJn?oc=5) · American Banker

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=22114 (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/34.json (key "22114", 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=22114
- 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