# ALLEGAN COMMUNITY
ALLEGAN, MI · NCUA charter 5185 · asset band $50-100M · latest filing 2022-03 · stopped filing after 2022-03 (departed; for a credit union that is almost always a merger)
Share link (named URL with a preview card): https://getbookiq.com/cu/allegan-community-5185

Who the members are: federal charter, community charter, organized 1945, low-income designated. 8,769 members of 950,000 potential (0.9% of the field); checking penetration 68% (share draft accounts per 100 members); loans per 100 members 44.

**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 | $82.2M |
| Members | 8,769 (-1.6% YoY) |
| Full-time staff | 29 |
| Net worth | $8.1M |
| Net worth ratio | 9.9% (p47 of band) |
| ROA (annualized) | 9.87% (p100 of band) |
| Total delinquency | 0.50% (p64 of band) |
| Net charge-offs (annualized) | 0.36% (p80 of band) |
| Loans / shares | 70% (p79 of band) |
| Cash / assets | 26.1% |
| Borrowings / assets | 0.00% |
| Net interest margin | 3.24% (p88 of band) |
| Operating expense / assets | 4.62% (p94 of band) |
| Vehicles % of loans | 38% (p41 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 1% |
| Third-party paper % of net worth | 5% (p57 of band) |
| Vehicle delinquency | 0.87% (p82 of band) |
| Vehicle NCO | 0.39% (p78 of band) |
| Repossessed % of vehicle book | 0.00% (p42 of band) |
| Real estate % of loans | 34% |
| Credit cards % of loans | 4% |
| Unsecured % of loans | 6% |
| Commercial % of net worth | 66% |
| Core shares % of member funds | 71% |
| Certificates % of member funds | 4% |
| Average share balance | $3,972 |
| Participations bought / yr | $0 |
| Participations sold / yr | $0 |
| Participations outstanding | – |
| Loans outstanding per 100 members | 44% |
| Loans granted per 100 members, annualized | 41% |
| Average loan balance | $13,003 |
| Loans granted, annualized | $54.2M |

## Flags firing in the latest filing

- **expense trap** (`earn_opex`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 1 | losing money |  |
| 2016-06 | 0 |  | losing money |
| 2016-09 | 0 |  |  |
| 2016-12 | 0 |  |  |
| 2017-03 | 1 | members leaving |  |
| 2017-06 | 1 | net worth falling | members leaving |
| 2017-09 | 2 | losing money |  |
| 2017-12 | 2 | auto monoline | losing money |
| 2018-03 | 2 |  |  |
| 2018-06 | 2 | delinquency 2x band, delinquency rising | net worth falling, auto monoline |
| 2018-09 | 1 |  | delinquency 2x band |
| 2018-12 | 2 | net worth falling |  |
| 2019-03 | 1 |  | net worth falling |
| 2019-06 | 1 | expense trap | delinquency rising |
| 2019-09 | 1 |  |  |
| 2019-12 | 0 |  | expense trap |
| 2020-03 | 3 | thin capital, net worth falling, expense trap |  |
| 2020-06 | 4 | margin squeeze, delinquency 2x band | expense trap |
| 2020-09 | 3 | expense trap | net worth falling, delinquency 2x band |
| 2020-12 | 2 |  | expense trap |
| 2021-03 | 3 | delinquency 2x band |  |
| 2021-06 | 3 | expense trap | margin squeeze |
| 2021-09 | 3 |  |  |
| 2021-12 | 2 |  | delinquency 2x band |
| 2022-03 | 1 |  | thin capital |

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

- 2026-06-11 [Willard Jennings Obituary (1933 - 2026) - Allegan, MI - Allegan County News & Union Enterprise - legacy.com](https://news.google.com/rss/articles/CBMiogFBVV95cUxNSkdLdzdGaVQtMmp5RWFIanFCdUxGMC1WRHB4YzMyZjhRTTI1RjBxNWtpT2RfRVdIZTRyTENEbXlwRXpXaUFnZEdxLWhScjZqQmFHVXY3Vl9KLW1JSVEtOWxucW4yQUptSVZ1S2gtSm1TWkpDWGZMNV94RW1Ra1RIRkgzUHhoclk5N2lxLXJnVE9CeTNrOW00Mm96UHJSLXVnSXc?oc=5) · legacy.com
- 2024-09-10 [Are lakeshore taxpayer dollars sitting unclaimed? This list says yes - The Holland Sentinel](https://news.google.com/rss/articles/CBMi0AFBVV95cUxPa0M4NHNORTlhbGVsTUtIWlJlWjY3cUo4clBNdjhQRmtSUkM5cTMzNVh3eTRMVVdHQlA4OW54MXl3N1JsQVVKSmJpMzRmSGtlZXh0YkpYWXh3b3l3LW5RVzZKaHoyWjdCOVYyY3hxcTVFaEttUmgteURiRzh2TGR3dGloMW9sTnQ3aWkzMERKUUt4Q2RyTlNfdG1uaW5mTWFJOWtpOFNfNjVvRzZSdWthMFJaTF9KOEIzWEN6V0ZneS1OTXRySmJkMzdnckIyWjNn?oc=5) · The Holland Sentinel
- 2018-12-17 [Helen Darby Obituary (1928 - 2018) - Allegan, MI - Kalamazoo Gazette - MLive.com](https://news.google.com/rss/articles/CBMijAFBVV95cUxNdEFPQ1o4WFhSV0FQTU5mWEh6WUJxZHBXRGlseVhvanZPRWExcngtN1N3SXI4blFxZGdRY2l2N2Y4MkMxVDBESlFtWURJcnR3LXJHRXBXcEROSmltd05EWEU2a2VLbW82bHdWS05ScHhuV1Z0NXpPRzFuanB5Z2dENS14eGhoRVRJMDhJWg?oc=5) · MLive.com

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=5185 (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/1.json (key "5185", 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=5185
- 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