# PENINSULA
Escanaba, MI · NCUA charter 4291 · asset band $200-500M · latest filing 2026-03 · live
Share link (named URL with a preview card): https://getbookiq.com/cu/peninsula-4291

Who the members are: federal charter, community charter, organized 1941. 17,793 members of 434,410 potential (4.1% of the field); checking penetration 71% (share draft accounts per 100 members); loans per 100 members 82.

**Verdict on the desk:** this could be *ordinary*. 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 | $358.8M |
| Members | 17,793 (13.3% YoY) |
| Full-time staff | 78 |
| Net worth | $31.7M |
| Net worth ratio | 8.8% (p12 of band) |
| ROA (annualized) | 0.76% (p56 of band) |
| Total delinquency | 0.82% (p69 of band) |
| Net charge-offs (annualized) | 0.65% (p74 of band) |
| Loans / shares | 87% (p81 of band) |
| Cash / assets | 12.6% |
| Borrowings / assets | 0.00% |
| Net interest margin | 3.94% (p76 of band) |
| Operating expense / assets | 3.48% (p41 of band) |
| Vehicles % of loans | 23% (p27 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 0% |
| Third-party paper % of net worth | 8% (p27 of band) |
| Vehicle delinquency | 1.26% (p83 of band) |
| Vehicle NCO | 0.55% (p46 of band) |
| Repossessed % of vehicle book | 0.00% (p25 of band) |
| Real estate % of loans | 59% |
| Credit cards % of loans | 4% |
| Unsecured % of loans | 9% |
| Commercial % of net worth | 7% |
| Core shares % of member funds | 44% |
| Certificates % of member funds | 31% |
| Average share balance | $6,841 |
| Participations bought / yr | $0 |
| Participations sold / yr | $425,124 |
| Participations outstanding | $12,449 |
| Loans outstanding per 100 members | 82% |
| Loans granted per 100 members, annualized | 23% |
| Average loan balance | $19,369 |
| Loans granted, annualized | $86.5M |

## Participation posture (from the same filings)

Bought $0 and sold $425,124 in the latest annualized quarter; $12,449 outstanding purchased (0.0% of net worth), $1.4M sold and retained. Sold in 5 and bought in 3 of the last 8 quarters. Shares 6.8% year over year.

## Flags firing in the latest filing

- **thin capital** (`cap_low`)
- **delinquency rising** (`aq_dq_rising`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 0 |  |  |
| 2016-06 | 0 |  |  |
| 2016-09 | 0 |  |  |
| 2016-12 | 1 | net worth falling |  |
| 2017-03 | 2 | members leaving |  |
| 2017-06 | 0 |  | net worth falling, members leaving |
| 2017-09 | 0 |  |  |
| 2017-12 | 0 |  |  |
| 2018-03 | 0 |  |  |
| 2018-06 | 1 | net worth falling |  |
| 2018-09 | 0 |  | net worth falling |
| 2018-12 | 1 | delinquency rising |  |
| 2019-03 | 2 | net worth falling |  |
| 2019-06 | 1 |  | net worth falling |
| 2019-09 | 2 | delinquency 2x band |  |
| 2019-12 | 2 |  |  |
| 2020-03 | 1 | charge-offs p90 | delinquency rising, delinquency 2x band |
| 2020-06 | 1 | net worth falling | charge-offs p90 |
| 2020-09 | 0 |  | net worth falling |
| 2020-12 | 0 |  |  |
| 2021-03 | 3 | thin capital, net worth falling, delinquency 2x band |  |
| 2021-06 | 1 |  | net worth falling, delinquency 2x band |
| 2021-09 | 0 |  | thin capital |
| 2021-12 | 0 |  |  |
| 2022-03 | 0 |  |  |
| 2022-06 | 1 | delinquency 2x band |  |
| 2022-09 | 1 | loans>95% of shares | delinquency 2x band |
| 2022-12 | 3 | net worth falling, delinquency 2x band, delinquency rising | loans>95% of shares |
| 2023-03 | 3 |  |  |
| 2023-06 | 2 |  | delinquency rising |
| 2023-09 | 3 | margin squeeze, delinquency rising | delinquency 2x band |
| 2023-12 | 0 |  | net worth falling, margin squeeze, delinquency rising |
| 2024-03 | 3 | thin capital, delinquency 2x band, delinquency rising |  |
| 2024-06 | 2 | net worth falling | delinquency 2x band, delinquency rising |
| 2024-09 | 2 |  |  |
| 2024-12 | 2 |  |  |
| 2025-03 | 1 |  | net worth falling |
| 2025-06 | 1 |  |  |
| 2025-09 | 1 |  |  |
| 2025-12 | 1 |  |  |
| 2026-03 | 2 | delinquency rising |  |

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

- 2026-01-09 [Michigan’s Zeal Credit Union to buy another UP bank - Banking Dive](https://news.google.com/rss/articles/CBMiuAFBVV95cUxNX1FtcTlTWnpRTWh1SVdibzNzU010UVIwZlpEVjFtQXFXMWpka29jX19JUDZwdThzUlhCc2tkZEZkdkpXY01NcXhIT3U5YXpFV2k4U1BqVzVTSWVzTi1UcEdkMW9Vem9hM3FxLThEOE9VUnRRSzN4S2g2UE83c3E0QTFxWWVSOC0wa2xtOGpXM3VfWVNQWG1aWnZELUpBcE13MFcwOGJCaTRaZEJ4Z19hSXRUUjlMSHpp?oc=5) · Banking Dive
- 2026-08-30 [Underwater broadband line coming from Chicago to land at United Federal Credit Union property - News/Talk/Sports 94.9 WSJM](https://news.google.com/rss/articles/CBMixAFBVV95cUxPS1gwdTlhZTZpZjZoV2pxTmtTNGdZMFpDaWlON2pnVnNBaU1uNFZ4NFZJYzdPV2ZrT1ltc0UtSjRhdUNJX1A3S3Zhd0lUc1gwcnk5cFRSZ1RxYmZiQ200WFQ1Q04xWkZwb2ZVaDV5ajNSb2xKU3NFRVJaX196ZTVfbVBkSVNsNXA4Zk5TbGhiMlVsQ2NyM1MzNG5zLXpFZkJmazY1UWdqa1AycGFxLUVfZWhBYmp5RFlPdE5IY19zUXVobTU5?oc=5) · News/Talk/Sports 94.9 WSJM
- 2026-06-24 [Deal would merge 2 banks in Michigan's Upper Peninsula - American Banker](https://news.google.com/rss/articles/CBMilgFBVV95cUxPQzhxYkV6d0VOdTh0d0p6SUZMQ1hCQXliYWhZMG5pVS1QR1ZSNnhpQlJNTjBleGxkMG9rTFpXTllFX0pUODRObkFaTXdPcHBRM3o1UFRGYXNwbFZhazB6ZXV2bnNTbklUNEtiTzd5bG03Tk5STTF3S3VmRjlQMmdnX1hkVmJMYXZqTHhYS2U4SDd6M2RKb0E?oc=5) · American Banker
- 2026-03-31 [Jeffers competes in HS Bowl - - The Mining Gazette](https://news.google.com/rss/articles/CBMiiAFBVV95cUxPNnF6bWZQRXRmVENQbTFLTFRMY2pFdjZuRWtacDdwTFhKY2tDVEFjeHZNcjE0SDlCVG1icW1BVHJRSzZKYTBPZ091LXdTRjNnVFdaakpYQXQzRmZCZ0NkSTlrX0xtNy1IZ3ZVRnVYemI1aHQ3UkhaNVZwTWRiSkhCSW1rcVE0RHE5?oc=5) · The Mining Gazette
- 2026-07-27 [U.P. part of Special Olympics regional specialist pilot and support Area 36 at My UP Car Wash - myupnow.com](https://news.google.com/rss/articles/CBMihAJBVV95cUxNR0pidEdWN2FhQUhsbGREMzBmOWlmdWVmNXRLY1ktU2Z0NUxQUWh3VlhDV1Y1TEVuS2xmNzFJbGpub2JtTXVBSjlKQlFIcm1HeHdabmxVOUgwTDdWTUpQVWlhNEpVQS1DM2dsX0FlUjhucUlLeTFHQVhlMkwySXhPN1h5dHhGLUlWWHFDS2M2a2VsWU83MFJtdklZR1N3ZUkyNS1EYnF6SUJRV3RLMXBhVWtIUEh3d1huZUlHaGxHc3dmV1U3S2V2WHA0QV9jdWdIbS02Y2dlRkhvRWx1MHBFaEQ0N25fbWl3ZjVVXzU1b2JNanNBVTI1b1I1Nkl1bWY1UEg5aw?oc=5) · myupnow.com
- 2026-04-06 [U.P. State Credit Union launches Youth Financial Literacy Movement - dailypress.net](https://news.google.com/rss/articles/CBMitwFBVV95cUxPTUpiYUVjYjFDaC1TOUF1YmtwLUhQa1VqN2d1bzdCS1VGMkVhNE50Mjd0UUhuaWduaUxJUXV3WkUxRnE0cGVSU3B3SEhMc2NVQmlXa0JxNE85YzNzVkdUcGhPRlhHeF9YV1psckUxaC1hVzJVWk8xZEdXR28yaWw1Q0hjQnhpU3N0ZXU0TnE0VzgxN29VV1FBOGttaVhzYXA3WFN5SXNRbzBVU2ZSMU43b2VJeHdYblk?oc=5) · dailypress.net
- 2026-03-09 [Candidates hoping to represent the Upper Peninsula and northern Michigan meet residents in the Copper Country - The Keweenaw Report](https://news.google.com/rss/articles/CBMiWEFVX3lxTFBzcXJLa3d3Rzctem11VVd2endIMXdudmZCTzEtRWJhaXZWMEdlakItOVdQOVJVSnlBRzJUbXFTLVVOTkhxcTVGMFV1Z3lmMTdhaGc3WnVwMFk?oc=5) · The Keweenaw Report
- 2026-01-13 [Zeal Credit Union To Acquire The Miners State Bank in All-Cash Transaction - Pulse 2.0](https://news.google.com/rss/articles/CBMimgFBVV95cUxOdWQwLW80MDIwa2ZPYTVwSzlTalFXUGs4Wm5MbF83YnU1VFhmSDRFQWdaYk03dlFlazBkUUdlOUNDeGRUampMNkI1a3YzWmdZT2ZGX2RMc1RpQnlRb3JEVWZtR2tKbGNHVjNwaU1DLVVoWEN1cnJwbmJkdTFnY1kzQklId1BEeTVfZTZPMm9KeTEzM2FTSFFUQWxB0gGfAUFVX3lxTE9IT1M1Y3JNUjlacmJqSFNjeE5HMkJKSjJXRmZJUF91b2xWeW00YndGZlYxajVGWEkwaHN4N09oTjQ0QVJNZzJ6NEpnUFktWnFFM3IwclA0VkhjdmhuVWlZRW1SVVBGdXBkblFIV1FqUGxUMU9iRnplUk9Ba2l4aTV1VzZrTUQtMnQ2dWxMRHhndXUxSVhITDFPRV8tel9CUQ?oc=5) · Pulse 2.0

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=4291 (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/3.json (key "4291", 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=4291
- 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