# GREAT LAKES
Bay City, MI · NCUA charter 24874 · asset band $50-100M · latest filing 2026-03 · live
Share link (named URL with a preview card): https://getbookiq.com/cu/great-lakes-24874

Who the members are: federal charter, community charter, organized 1963, low-income designated. 4,437 members of 290,887 potential (1.5% of the field); checking penetration 68% (share draft accounts per 100 members); loans per 100 members 42.

**Verdict on the desk:** this could be *too clean*. Composite score 2 of 18 (one point per flag across 17 flags, capital below 7% counted twice).

## What the filing shows

| Measure | Value |
|---|---|
| Total assets | $60.1M |
| Members | 4,437 (-3.0% YoY) |
| Full-time staff | 18 |
| Net worth | $7.1M |
| Net worth ratio | 11.9% (p40 of band) |
| ROA (annualized) | -0.10% (p12 of band) |
| Total delinquency | 0.05% (p6 of band) |
| Net charge-offs (annualized) | -0.03% (p8 of band) |
| Loans / shares | 50% (p29 of band) |
| Cash / assets | 11.4% |
| Borrowings / assets | 6.66% |
| Net interest margin | 3.03% (p19 of band) |
| Operating expense / assets | 3.80% (p59 of band) |
| Vehicles % of loans | 29% (p27 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 0% |
| Third-party paper % of net worth | 0% (p25 of band) |
| Vehicle delinquency | 0.08% (p14 of band) |
| Vehicle NCO | 0.00% (p17 of band) |
| Repossessed % of vehicle book | 0.00% (p38 of band) |
| Real estate % of loans | 59% |
| Credit cards % of loans | 2% |
| Unsecured % of loans | 4% |
| Commercial % of net worth | 5% |
| Core shares % of member funds | 86% |
| Certificates % of member funds | 7% |
| Average share balance | $5,799 |
| Participations bought / yr | $0 |
| Participations sold / yr | $0 |
| Participations outstanding | – |
| Loans outstanding per 100 members | 42% |
| Loans granted per 100 members, annualized | 4% |
| Average loan balance | $13,269 |
| Loans granted, annualized | $2.5M |

## Flags firing in the latest filing

- **losing money** (`earn_negative`)
- **leaning on borrowings** (`str_borrowings`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2017-03 | 1 | delinquency 2x band |  |
| 2017-06 | 1 |  |  |
| 2017-09 | 1 |  |  |
| 2017-12 | 1 |  |  |
| 2018-03 | 2 | net worth falling |  |
| 2018-06 | 1 |  | net worth falling |
| 2018-09 | 2 | members leaving |  |
| 2018-12 | 2 |  |  |
| 2019-03 | 3 | net worth falling |  |
| 2019-06 | 2 |  | net worth falling |
| 2019-09 | 2 |  |  |
| 2019-12 | 1 |  | members leaving |
| 2020-03 | 2 | delinquency rising |  |
| 2020-06 | 2 | net worth falling | delinquency rising |
| 2020-09 | 1 |  | net worth falling |
| 2020-12 | 2 | members leaving |  |
| 2021-03 | 3 | margin squeeze |  |
| 2021-06 | 2 | net worth falling | members leaving, margin squeeze |
| 2021-09 | 0 |  | delinquency 2x band, net worth falling |
| 2021-12 | 1 | delinquency 2x band |  |
| 2022-03 | 1 |  |  |
| 2022-06 | 1 |  |  |
| 2022-09 | 2 | delinquency rising |  |
| 2022-12 | 1 | assets shrinking | delinquency 2x band, delinquency rising |
| 2023-03 | 1 |  |  |
| 2023-06 | 1 |  |  |
| 2023-09 | 0 |  | assets shrinking |
| 2023-12 | 2 | delinquency rising, leaning on borrowings |  |
| 2024-03 | 3 | delinquency 2x band |  |
| 2024-06 | 3 |  |  |
| 2024-09 | 3 | losing money | delinquency 2x band |
| 2024-12 | 1 |  | delinquency rising, losing money |
| 2025-03 | 2 | assets shrinking |  |
| 2025-06 | 1 |  | assets shrinking |
| 2025-09 | 1 |  |  |
| 2025-12 | 1 |  |  |
| 2026-03 | 2 | losing money |  |

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

- 2026-06-09 [First Federal Sells TPO Division To Mortgage Forward - National Mortgage Professional](https://news.google.com/rss/articles/CBMimwFBVV95cUxORDU2N2NTeEM2Q2NEWG9pWnN2WWpZZnppUGwzUEpnV0VaUXlONlJjbmk5TVJjYlJkVVAxMkp5UDUyOGpRN0JYNEpCRXFNcFBrU2dCamptcnBJRDZUckYyOFRVbEExcmU1QnlRNVNsZ2tUQWQzc1VadHp4WVptT3R5VVFMMVZ2Q3BGYnlRX2N3S3VURmhrMVBFcWNEWQ?oc=5) · National Mortgage Professional
- 2026-06-08 [DeVos Students Deliver Business Insight Across Great Lakes Bay Region and Beyond - Northwood University](https://news.google.com/rss/articles/CBMisgFBVV95cUxOeWY1enF5LUtKdDRpRk9jSjdxbGUtMGdtbnprV1NvM1JsSWRRdk9OOVhabTM5dlV0OVhTQ3VGWVktNGNydFA5cVRZVkx2MmRsQjVOMzExMjUwYVZXOExqMlEzbmhNNEFGejJyUjlrbWRlQWdrdkpiV3ZjM05QbmU5LVlYbGktOUNwNG9BZUdQYW54STlWTVdrQldWNUVVMmpSVnRIVUN0UEZzU1N5SlMwOGhB?oc=5) · Northwood University
- 2026-07-24 [Financial Plus Credit Union opens Bay City East branch - MLive.com](https://news.google.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?oc=5) · MLive.com
- 2026-05-06 [CASE, Team One credit unions merging in Michigan next year - abc12.com](https://news.google.com/rss/articles/CBMi2wFBVV95cUxNQkczYzhyenRrYkNSZFhLWjZUSWNTYzhnalNGaGw2Q3FiNldxV2ltSXNXQ3F3Qk9lSHgwVWxxS3NpRkJjYlJVYnowWi1ZOHZRcnFfb3QxelY1SWZhdG42OU5RZFZTamZFdFNDd05xNkdfM2FCRGpYYVpmMzN6Uy1LbXZ3ZS1TMUpDdTlqdFp4YTM0UXNOWUprQUtWazlZSDBrS2pILUdvUEZpWERPbUhkZDRpcDRId1VwTHQwdEs1bUZ6bmE4MmtTN3RhZlRJUjJ1b2d4b2hEN3cxU1U?oc=5) · abc12.com
- 2026-06-05 [Four generations of the Butler family helped shape Great Lakes maritime history - MasonCountyPress.com](https://news.google.com/rss/articles/CBMiwgFBVV95cUxONEo4VUpyVTJGdVdoRFZUV0JtRTk2UlU4bGdGaXg5UFlwN2N2MTN2YWU4aG5oTXpTaGNsaDVHWDRwLTltODRWTExQSGNkdUxuQWVNanNsNE1veUtMZDJGWDdsRFpBazRncFhmZ2ZxZXJHeElJRUxyeUxxX2k5bUVYSzczcmw2MHlkVHE4TmF2YldieXQxcm9MVWliSktaeDhFS0x4eE1ENFNleHRpa0NFcWhQMmZqaHZwQVJpa2hYNmRKZw?oc=5) · MasonCountyPress.com
- 2026-06-01 [Pride Month events planned across Great Lakes Bay Region - Midland Daily News](https://news.google.com/rss/articles/CBMipAFBVV95cUxOTGNkQS1SOFhyMU9aZzE0cHlpMjgxaVVWTzFBNzdjM0lESnJzUmJ4RzZtcl9faW9DTlU2R21oV2FBb0cxcExoc1dpVkpZQWRyamxYOE5hMDhNaWNVbjF4eU94RVZBem9UUTEwM2QtX0Q3TTVlX3ppTUZWcjNzYWxxbUJQRnpWQ3I0bHVyV1FpS29NZ01yanZLRHYtX3E4RzJFWVZCcw?oc=5) · Midland Daily News
- 2026-06-01 [Great Lake Pride announces Pride Month events throughout region - Confluence Great Lakes Bay](https://news.google.com/rss/articles/CBMilAFBVV95cUxNRzF3Skh0WldYaDJUMmZrN1JsMnN2TjhpR0UxMFpwclRwUldqSkY1SWRJbkplTGkyZEdTZnVxb2JNYThEUkZCTjVEZjhlSXJQMFFsMm90anBYeUhlUzNxblhDdVA4Qm8tX1lTN05kclJvZXk0TjdLUkIwSDRsQU9Sc2RyZU5vXzYzS3hBRjNZT255TEQ1?oc=5) · Confluence Great Lakes Bay
- 2023-04-06 [Women shine in leadership roles at Great Lakes First Federal Credit Union - Upper Michigan's Source](https://news.google.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?oc=5) · Upper Michigan's Source

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=24874 (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/42.json (key "24874", 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=24874
- 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