# TANDEM
Warren, MI · NCUA charter 4787 · asset band <$50M · latest filing 2026-03 · live
Share link (named URL with a preview card): https://getbookiq.com/cu/tandem-4787

Who the members are: federal charter, community charter, organized 1941, low-income designated, minority depository institution. 2,210 members of 235,282 potential (0.9% of the field); checking penetration 39% (share draft accounts per 100 members); loans per 100 members 39.

**Verdict on the desk:** this could be *liquidity-rich*. Composite score 3 of 18 (one point per flag across 17 flags, capital below 7% counted twice).

## What the filing shows

| Measure | Value |
|---|---|
| Total assets | $22.3M |
| Members | 2,210 (2.7% YoY) |
| Full-time staff | 6 |
| Net worth | $3.6M |
| Net worth ratio | 16.4% (p58 of band) |
| ROA (annualized) | -0.25% (p19 of band) |
| Total delinquency | 0.27% (p35 of band) |
| Net charge-offs (annualized) | 1.56% (p90 of band) |
| Loans / shares | 40% (p24 of band) |
| Cash / assets | 8.0% |
| Borrowings / assets | 0.00% |
| Net interest margin | 3.05% (p20 of band) |
| Operating expense / assets | 4.17% (p63 of band) |
| Vehicles % of loans | 39% (p25 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 0% |
| Third-party paper % of net worth | 89% (p96 of band) |
| Vehicle delinquency | 0.43% (p49 of band) |
| Vehicle NCO | 3.16% (p96 of band) |
| Repossessed % of vehicle book | 0.00% (p46 of band) |
| Real estate % of loans | 43% |
| Credit cards % of loans | 6% |
| Unsecured % of loans | 14% |
| Commercial % of net worth | 0% |
| Core shares % of member funds | 87% |
| Certificates % of member funds | 11% |
| Average share balance | $6,076 |
| Participations bought / yr | $0 |
| Participations sold / yr | $0 |
| Participations outstanding | – |
| Loans outstanding per 100 members | 39% |
| Loans granted per 100 members, annualized | 28% |
| Average loan balance | $8,697 |
| Loans granted, annualized | $3.1M |

## Flags firing in the latest filing

- **losing money** (`earn_negative`)
- **charge-offs p90** (`aq_nco_high`)
- **assets shrinking** (`shrink_assets`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 0 |  |  |
| 2016-06 | 1 | losing money |  |
| 2016-09 | 1 |  |  |
| 2016-12 | 1 |  |  |
| 2017-03 | 2 | net worth falling |  |
| 2017-06 | 1 |  | net worth falling |
| 2017-09 | 2 | assets shrinking |  |
| 2017-12 | 1 |  | losing money |
| 2018-03 | 1 | delinquency rising | assets shrinking |
| 2018-06 | 2 | net worth falling |  |
| 2018-09 | 1 |  | net worth falling |
| 2018-12 | 1 |  |  |
| 2019-03 | 1 | losing money | delinquency rising |
| 2019-06 | 1 | members leaving | losing money |
| 2019-09 | 1 |  |  |
| 2019-12 | 1 |  |  |
| 2020-03 | 4 | net worth falling, losing money, delinquency rising |  |
| 2020-06 | 7 | margin squeeze, delinquency 2x band, charge-offs p90 |  |
| 2020-09 | 3 |  | net worth falling, delinquency rising, delinquency 2x band, charge-offs p90 |
| 2020-12 | 3 |  |  |
| 2021-03 | 3 | net worth falling | losing money |
| 2021-06 | 2 | losing money | margin squeeze, net worth falling |
| 2021-09 | 0 |  | members leaving, losing money |
| 2021-12 | 1 | members leaving |  |
| 2022-03 | 3 | losing money, assets shrinking |  |
| 2022-06 | 3 | delinquency rising | losing money |
| 2022-09 | 3 |  |  |
| 2022-12 | 3 |  |  |
| 2023-03 | 3 |  |  |
| 2023-06 | 3 | losing money | delinquency rising |
| 2023-09 | 3 | delinquency rising | assets shrinking |
| 2023-12 | 4 | delinquency 2x band |  |
| 2024-03 | 5 | net worth falling |  |
| 2024-06 | 4 |  | net worth falling |
| 2024-09 | 4 |  |  |
| 2024-12 | 5 | net worth falling |  |
| 2025-03 | 4 | charge-offs p90 | members leaving, delinquency rising |
| 2025-06 | 2 |  | net worth falling, charge-offs p90 |
| 2025-09 | 4 | assets shrinking, loan book shrinking |  |
| 2025-12 | 3 |  | loan book shrinking |
| 2026-03 | 3 | charge-offs p90 | delinquency 2x band |

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

- 2025-11-14 [Michigan State credit union group acquires fintech Tandem - Banking Dive](https://news.google.com/rss/articles/CBMimwFBVV95cUxPMmZiWVlBc2plN1BZaVdFTkJqeG1SZ2Fia3E5d1ZZY05uVGVMVjc3SmZ5X290SW90Z1pkUFZwMFp4MF9fSXNKVEdheWRYdWFjSUFLY2lxcms5dmpsd0xWMUk0dEI4Y3BkMnhfN2NTQnNOMk52cnBoeW5yS0padmsyNGc1cDZVZEtqZVdVOTJOZDkzMUY4ZDQ0TTBWdw?oc=5) · Banking Dive
- 2025-11-12 [MSUFCU's Reseda acquires Tandem for family banking - Axios](https://news.google.com/rss/articles/CBMikgFBVV95cUxQNkc0S3QzUkptRUhYNHY5ZFN3MFd5ZXdKQmw4dk5FTVhBUnJGM1dSaTROMlp4VjJQdFo1eTVHYmFBNEZGNHEwdlR1LTZuTHVfOEY0RnA2NnM3b0w3NFZkel9iVzhTanNYVmpEWlRiZmozYW8xMkJyWDlzOHhOMFdhTG9CNnRyQXRHQS0wT2ZDMFhQQQ?oc=5) · Axios
- 2025-11-13 [Couples finance app Tandem bought by credit union group - americanbanker.com](https://news.google.com/rss/articles/CBMipwFBVV95cUxQVi1raHoxdEYyUnJzNlVlRmhNX2ZjZGRzaEp0NXVpZWVLcnRpNG4xUGp4RWhnNDdZR21mYVNmX2toNk1zNjdaSHhnY3UtcmVHRXRxYUo0NkZJeXAycVdNaXhYeDJodFI1MVNDVkpqZ2J0dEM5OHhQRnNZYVBxZ25CVG9WeWlQeHVEUmxkS0JWT3dQMndzZjIwMnViLWlVQnNRdHNMQ2lZNA?oc=5) · americanbanker.com
- 2025-11-13 [Reseda acquires couples finance fintech Tandem - fintechfutures.com](https://news.google.com/rss/articles/CBMiiAFBVV95cUxQdnl2MTU3aWRxaHBkM0hzRVZTNFNZN1F1NTFKMXNVSHlRRG1DQ3VBbTdSNUdidWU4ZlJIa2hpSWR4UGl2WEdzU1VOTzYzRnl3bTd6YmV3cm5GYkxVUF9rU1VuWV8zRVdHbm9fa3VVc1JjNTVVOEx5cVBYeVhLTHBBaWdwRTF0YUdU?oc=5) · fintechfutures.com
- 2024-04-09 [Relationship finance app Tandem debuts new goals feature - americanbanker.com](https://news.google.com/rss/articles/CBMiqAFBVV95cUxPUjdfTW9iUHVHLTFNaTlfLURjd1ByWGNpbTRpem94LVd4TTRuNjlNak42cHhiektHX05IU0Z5T3cydWFiTktWZnA4YnY4QzhwN3ZBY0twUFRHYWxQR2Rnb0VVOE90ZzFZR3dBTzF5UFBiZ2w0OVZHYTc4T2UxU1cyeXNUTzI2TW1ITGFOd3VwdmpYQW1mTU5VVF9vT3hDUDQ5ZUJNOTUyTHc?oc=5) · americanbanker.com
- 2024-10-02 [First Trust Credit Union partners with Michigan City Salvation Army and Al’s Supermarket for 21st annual Stuff-A-Bus event - GreatNews.Life](https://news.google.com/rss/articles/CBMi6AFBVV95cUxPaThPVnNLYTlYcUM1aUFIYklsUXJwQzVHYTdhTC1VcVRUUFpLOHRlTE5qT3RRWi1yTGtTbkZyUWoyMXZrTF83djIwNEFmYU9VXzFrVXo4UXc1U3BiQk5Wa2wyZ2J0N3RBbXlPbE9qRVN1b0RHR3FGaVZCMnN2Z1pvUlVFeFc5SnJFcF9YcjA0X0hESGFweXN3cEF2Y0Jjdm92SHJiVVhXZEY0cmVKNGhDSXFwVVdDYi03a3B0QVpPbi1NTVlRM2lpbjluS2FZMElWT01XeGJwNmM2UzBscFpGZ2wxZ2lEa2V4?oc=5) · GreatNews.Life
- 2022-10-26 [Frank Matous Obituary (1940 - 2021) - Resident Of Detroit, MI - The Detroit News - legacy.com](https://news.google.com/rss/articles/CBMijwFBVV95cUxQZ2VCRFZkSHY4VGUtYnRoaUFOZS1HbzlRTXV4RTJaU3Q5emNJNlZ6MVNPdUc3MHVsSTFta3dOLUl6LW5fd2tqNTFzNlh0bzVIaDNROFRrTmdFMjRibElDbHRFWjZGaTNGZ3BwbkhZNHZ4MjZEVGh4RV8tN1NfNU4ta0ZUaWt4eTBlVUFaRHBYYw?oc=5) · legacy.com
- 2014-02-08 [Henry Milewski Obituary - Warren, MI - Dignity Memorial](https://news.google.com/rss/articles/CBMiggFBVV95cUxPM0ZhUXJOdU9BVmNxeWJVRUtZcnZRcmdER3R0am50Z0pZbmItOGpmOEd2Ym04RF9ELUM1emlyX1FJekV1QWV6SC1KaTgzUGNqeXlWTU1TU3pFUDU1bnpwb2VwWkxNSVVpTy0tYnRscjJocF83WHIyX21GaEJybnJGZGtB?oc=5) · Dignity Memorial

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=4787 (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/51.json (key "4787", 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=4787
- 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