# PORTLAND
PORTLAND, MI · NCUA charter 5477 · asset band $200-500M · latest filing 2018-03 · stopped filing after 2018-03 (departed; for a credit union that is almost always a merger)
Share link (named URL with a preview card): https://getbookiq.com/cu/portland-5477

Who the members are: federal charter, community charter, organized 1947, low-income designated. 29,973 members of 870,319 potential (3.4% of the field); checking penetration 56% (share draft accounts per 100 members); loans per 100 members 76.

**Verdict on the desk:** this could be *indirect buyer*. 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 | $326.0M |
| Members | 29,973 (5.5% YoY) |
| Full-time staff | 112 |
| Net worth | $33.3M |
| Net worth ratio | 10.2% (p48 of band) |
| ROA (annualized) | 0.83% (p67 of band) |
| Total delinquency | 0.71% (p66 of band) |
| Net charge-offs (annualized) | 0.33% (p42 of band) |
| Loans / shares | 87% (p68 of band) |
| Cash / assets | 5.8% |
| Borrowings / assets | 0.00% |
| Net interest margin | 3.80% (p89 of band) |
| Operating expense / assets | 4.15% (p74 of band) |
| Vehicles % of loans | 35% (p48 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 77% |
| Third-party paper % of net worth | 208% (p75 of band) |
| Vehicle delinquency | 1.05% (p85 of band) |
| Vehicle NCO | 0.79% (p65 of band) |
| Repossessed % of vehicle book | 0.00% (p21 of band) |
| Real estate % of loans | 45% |
| Credit cards % of loans | 3% |
| Unsecured % of loans | 5% |
| Commercial % of net worth | 15% |
| Core shares % of member funds | 55% |
| Certificates % of member funds | 21% |
| Average share balance | $4,830 |
| Participations bought / yr | $0 |
| Participations sold / yr | $0 |
| Participations outstanding | – |
| Loans outstanding per 100 members | 76% |
| Loans granted per 100 members, annualized | 19% |
| Average loan balance | $11,061 |
| Loans granted, annualized | $80.9M |

## Flags firing in the latest filing

- **3rd-party paper>100% NW** (`str_thirdparty`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 1 | 3rd-party paper>100% NW |  |
| 2016-06 | 1 |  |  |
| 2016-09 | 1 |  |  |
| 2016-12 | 1 |  |  |
| 2017-03 | 1 |  |  |
| 2017-06 | 2 | delinquency rising |  |
| 2017-09 | 1 |  | delinquency rising |
| 2017-12 | 1 |  |  |
| 2018-03 | 1 |  |  |

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

- 2026-09-09 [PFCU Celebrates Members with Special Giveaways During Member Appreciation Week - The Portland Beacon](https://news.google.com/rss/articles/CBMiwgFBVV95cUxPZkhFOEZtSmh3QWRLUkxQdnlDYzRWeTI5cjc4bWRDeC1qWUFBX1VOWmhfTDAxZEJzRVc0dkJZbWdoQVpVemRsWEJNOUJ2SGVOa1BOSUU2QmdmT0lJZHNIQ09nYmZiQUZqd2h4VWZCZ1RuQlR3d3BCYlVvWUc3Wjk2R1phNl9FdG5saHlVU2ZJVDlIS1VhWFk1b1VId1l5NGdEbFJyWE1iRVVWdktBMUFjTmJHTWROS1pRY0lIWmJpUEV5QQ?oc=5) · The Portland Beacon
- 2026-03-23 [Carole Reisbig - Lehman Funeral Homes](https://news.google.com/rss/articles/CBMiakFVX3lxTE5yYkNZWnhkTHNtMHdXcmp5ZVFaaHNRUjVGeDZjOWFGcmotR0NMVEVvbFVGLTZ5NllaLWJoZnFKRmRwZDFLZURPMWJCRS1zWG1oTUh3VEJpQndBWkdqcmEzZm1pSUR6OEk2M1E?oc=5) · Lehman Funeral Homes
- 2026-08-04 [Gerald Stewart Mills Obituary (2026) - Alpena, MI - Bannan Funeral Home - Alpena - legacy.com](https://news.google.com/rss/articles/CBMigAFBVV95cUxOTzRTTWI1OEtnTHRKTkNDbFltazNHNnhpQ3NhTVg0VzBrdnowSjh3WEgzYWM0TFQzY3dJNWluVWtVd0h5US1YaWhlZ3lvZHpVYWprMFNERUdxOTNvSGdvaTRGeUI4eWEyenVwellZYURWemx5MEhvOUotdDZ5Sk56aw?oc=5) · legacy.com
- 2026-02-24 [2026 OSAA (Oregon)Wrestling State Championships Schedule & Brackets - FloWrestling](https://news.google.com/rss/articles/CBMirwFBVV95cUxOeUR0MGV5RzVDVzZVOWhvV2tlTTNyVmhZNkVBT1JyZVk0RzFpTi1scGdhcGc0dlJ4N3VBY3FOSUJVVHpsNnBhWjhxWnF2eThoYUdNMzRkaGRSWFZCR2ZrcDIyUXpJZTBXUzdoNDZpVjA4TUxPUkd4dDQ1NTlUMFhoUWF4QlVmNWpyYXI4ZVpNeG1sa3dVMnZBWnJNRFpRVkdubUQyVktBb1FPcnNQaFdR?oc=5) · FloWrestling
- 2026-02-09 [Chris Stapleton Concert Setlist: Discover the Average Song List - Ticketmaster Blog](https://news.google.com/rss/articles/CBMiZEFVX3lxTE9UbjV5Zk55SjdNa2h0UHVXR0V0bkZ0dFAzWWxSR0doSlZkcVRzRjc3eDdRWTZJeFNwbWhfWnk0Yl9lVkJtU2ktSTVINTNScXllQ2Zpb2ZMakdkOF94UHNpV1hoOS0?oc=5) · Ticketmaster Blog
- 2026-03-22 [Robert Elvert Mosser - Lehman Funeral Homes](https://news.google.com/rss/articles/CBMiaEFVX3lxTE9kSkRBSDdYeC1peGZ5SEhrLWxQQWFHUFg4OVZhT2tIbFRSUjdjRzN3dG1LZlpnUkVjT1lsZUhYRE9YX3Byb2N2UDhTQUI4U0xrcTkzcEM1S1M2TGVMOEw0UG85WEZxR1dE?oc=5) · Lehman Funeral Homes
- 2021-03-01 [Learn more about PFCU and how they’re supporting their customers - WILX](https://news.google.com/rss/articles/CBMinAFBVV95cUxQRVRWdnFZMjkxQVhvQTYzWk5Mek95NVBLVVFKTHUwTHZMTWNidEF2cVFKTnJWRVR2Rl95SmpQN3NqUDNLVkxWekEtaHpUUTdCNnhEaHdiMFQtbFlfNGQzMnJ0eTNJOU5Jb2hyY1IzQ05IVjlId1FubXRJQk44Q0RLTTdCdWZuaHNHR21TNzI3LUhvcXBwYUwzUWt0WDbSAbABQVVfeXFMTzVGaksxcGR2Y3lhT1dqNTJZTnZJMHhIUUJSTi12cEJqZmpFb3BSelFqRnBEaTBaUTk1dFJsUTV4NVVWY2Rwbm9wQVdva2xyckh4dUpvODFSTWw2NW5ZNXFhMTZBRGRNU0FGT252RTVqVVlCeU9oVHlmSVJLR3ROQy1EVldaM0NDMi1FRVNNdk5MeFczYkZSbXBwSDlrS3I2MDc3bnlSN0Z6R2VrNE9SVG4?oc=5) · WILX
- 2018-07-02 [PFCU merger finalized on Sunday - Sentinel-Standard](https://news.google.com/rss/articles/CBMiqgFBVV95cUxPaFRzRVZIYmlvVTdWUnRndEhqTG5jUm9TSGNoRnVySzJkVURZNDZlWDBxRWw3SzZuX2lIWE5TcGlmYXpOeDhUQWxrRDRreFpob29GbkIxSWZRLWoxNko1eFVCLXFzNFRSdEVrSERENWtwS05wQTJDdm9PRTBhS1VFVGZnMjZkN1N2ejNWUXNMY1BIdWtCb1dZVTdQNFFDYy14Z1BnbTVlR3o5QQ?oc=5) · Sentinel-Standard

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=5477 (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/37.json (key "5477", 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=5477
- 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