# GREAT LAKES
BANNOCKBURN, IL · NCUA charter 60238 · asset band $1-10B · latest filing 2026-03 · live
Share link (named URL with a preview card): https://getbookiq.com/cu/great-lakes-60238

Who the members are: state charter, organized 1938, low-income designated. 100,458 members of 7,125,000 potential (1.4% of the field); checking penetration 53% (share draft accounts per 100 members); loans per 100 members 23.

**Verdict on the desk:** this could be *stressed*. Composite score 6 of 18 (one point per flag across 17 flags, capital below 7% counted twice).

## What the filing shows

| Measure | Value |
|---|---|
| Total assets | $1.44B |
| Members | 100,458 (-9.2% YoY) |
| Full-time staff | 252 |
| Net worth | $128.1M |
| Net worth ratio | 8.9% (p12 of band) |
| ROA (annualized) | 0.27% (p13 of band) |
| Total delinquency | 0.82% (p70 of band) |
| Net charge-offs (annualized) | 0.43% (p39 of band) |
| Loans / shares | 87% (p53 of band) |
| Cash / assets | 10.5% |
| Borrowings / assets | 5.61% |
| Net interest margin | 3.11% (p37 of band) |
| Operating expense / assets | 3.78% (p78 of band) |
| Vehicles % of loans | 7% (p7 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 8% |
| Third-party paper % of net worth | 235% (p72 of band) |
| Vehicle delinquency | 1.32% (p87 of band) |
| Vehicle NCO | 3.21% (p96 of band) |
| Repossessed % of vehicle book | 0.02% (p29 of band) |
| Real estate % of loans | 70% |
| Credit cards % of loans | 0% |
| Unsecured % of loans | 3% |
| Commercial % of net worth | 160% |
| Core shares % of member funds | 52% |
| Certificates % of member funds | 26% |
| Average share balance | $5,906 |
| Participations bought / yr | $25.0M |
| Participations sold / yr | $2.8M |
| Participations outstanding | $37.4M |
| Loans outstanding per 100 members | 23% |
| Loans granted per 100 members, annualized | 18% |
| Average loan balance | $46,740 |
| Loans granted, annualized | $150.3M |

## Participation posture (from the same filings)

Bought $25.0M and sold $2.8M in the latest annualized quarter; $37.4M outstanding purchased (29.2% of net worth), $20.5M sold and retained. Sold in 8 and bought in 4 of the last 8 quarters. Shares -3.8% year over year.

## Flags firing in the latest filing

- **thin capital** (`cap_low`)
- **net worth falling** (`cap_falling`)
- **assets shrinking** (`shrink_assets`)
- **members leaving** (`shrink_members`)
- **leaning on borrowings** (`str_borrowings`)
- **3rd-party paper>100% NW** (`str_thirdparty`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 2 | delinquency 2x band, 3rd-party paper>100% NW |  |
| 2016-06 | 2 |  |  |
| 2016-09 | 3 | leaning on borrowings |  |
| 2016-12 | 3 | net worth falling | delinquency 2x band |
| 2017-03 | 4 | delinquency 2x band |  |
| 2017-06 | 5 | thin capital |  |
| 2017-09 | 3 |  | net worth falling, thin capital |
| 2017-12 | 3 |  |  |
| 2018-03 | 6 | thin capital, charge-offs p90, members leaving |  |
| 2018-06 | 3 |  | delinquency 2x band, thin capital, charge-offs p90 |
| 2018-09 | 5 | thin capital, loans>95% of shares |  |
| 2018-12 | 6 | net worth falling |  |
| 2019-03 | 5 |  | members leaving |
| 2019-06 | 4 |  | net worth falling |
| 2019-09 | 4 |  |  |
| 2019-12 | 5 | delinquency rising |  |
| 2020-03 | 4 | net worth falling | loans>95% of shares, delinquency rising |
| 2020-06 | 3 |  | net worth falling |
| 2020-09 | 3 |  |  |
| 2020-12 | 4 | members leaving |  |
| 2021-03 | 5 | net worth falling |  |
| 2021-06 | 4 |  | net worth falling |
| 2021-09 | 3 |  | thin capital |
| 2021-12 | 3 |  |  |
| 2022-03 | 2 |  | members leaving |
| 2022-06 | 4 | net worth falling, loans>95% of shares |  |
| 2022-09 | 5 | thin capital |  |
| 2022-12 | 4 |  | net worth falling |
| 2023-03 | 3 |  | thin capital |
| 2023-06 | 3 |  |  |
| 2023-09 | 4 | delinquency rising |  |
| 2023-12 | 4 |  |  |
| 2024-03 | 6 | thin capital, net worth falling |  |
| 2024-06 | 5 |  | net worth falling |
| 2024-09 | 4 |  | thin capital |
| 2024-12 | 6 | thin capital, losing money |  |
| 2025-03 | 5 | net worth falling | loans>95% of shares, losing money |
| 2025-06 | 5 | assets shrinking | net worth falling |
| 2025-09 | 3 |  | delinquency rising, thin capital |
| 2025-12 | 3 |  |  |
| 2026-03 | 6 | thin capital, net worth falling, members leaving |  |

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

- 2026-09-09 [Great Lakes Credit Union: Helping communities this back-to-school season - WGN Radio 720](https://news.google.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?oc=5) · WGN Radio 720
- 2026-04-21 [Great Lakes Credit Union, Mortgage Forward and Takara close first-ever DREAM transaction, making history in U.S. mortgage market - CUInsight](https://news.google.com/rss/articles/CBMi-gFBVV95cUxQXzA3VUg3SmNZSXB0dEwwVXNVTEpVWEx5N05iVEhiQUE2V09OVE84NFRTd3VFdGtDZzJDc2lLa2N5b2c4bmJXTG9fX2xESjEtUW4zek4tU0tEczB2dm9uRV9aLXpfM0UzallrOUhaa3RZcjk5VGUtZXNiNER0VDlkUlVfbUlTbUdwT2VDY05CSHo3cUwwb2dmaGp6RE5keG1NaG9LaF9hSmxVNW55X2p2WndMcERDYWZRNnY1REYtc3hTTUdOOTc4XzNRVGZZWllGRXBxV24tSVRfYWhKUmRKb1BOajVYZFNLUFVRVVdpeEdxTG12ZWZJTVZn?oc=5) · CUInsight
- 2026-03-10 [Option 3: Lower-Cost Loans - New America](https://news.google.com/rss/articles/CBMivAFBVV95cUxOZ0tfVFJCaU5qdlpicDlzdkhpeE1PaGpoYllTYnpaSnZZN0R0S3pIMlNDVFVLNjhOdXB2QkR6aHN6TzBfNS1ydDlGMHVyQXM1cUNoTzg0SHBPX1BGTWZHajAxaU8wLUtzRmlHQ0xRVUg4YmFDVVlfUkNhZ2NzbUpJejVVTEkydm5zLV9LV3NHTy1wemljclRfRUxERmR6QUN1TDdBN205RnNCUnA0eUdEX0FuLXo4VDlkSHAzRA?oc=5) · New America
- 2025-01-28 [Vibrant Credit Union Changing Hands - Vermilion County First](https://news.google.com/rss/articles/CBMihwFBVV95cUxNQ1JRTlp1ZVVzcHNMV193dFB3UDRrdDZjblAxN1FOSFk4LWJMUkR3RC1SVGFTTW1DRGN4NTI0eUJzd2FrUzBWSVVUa2FRMFNmdjNKRmlzNkM5Ukdody1oV2Q2RDZMZlNLT0V0SUZWUmxTdXpZeUJfcjZsbllrYTRoN3hTTGt1bWM?oc=5) · Vermilion County First
- 2019-08-18 [Great Lakes acquires Chicago credit union - Daily Herald](https://news.google.com/rss/articles/CBMikgFBVV95cUxOSjFVV1VJWVVwbl80WGw2UmlpTFRzWDBDdlphNWxGT25FSG9ya21pZmRTY2JpaFZSRmEyd2l1MjZqcXNCY3ZEU0JCVUJHNTVnSF81ZVQ4UmNqbGlFTWpyTXRkdGpUdVZvaFFFc1AySlZLYnk3YzNaOUxkdUFGcXppNXlseU1wZW5VbW5raGlDcmFwdw?oc=5) · Daily Herald
- 2023-07-01 [FBI Chicago releases images of First American Bank robbery suspect after Round Lake, IL heist at 1865 South Cedar Lake Road - ABC7 Chicago](https://news.google.com/rss/articles/CBMiigFBVV95cUxOS3JTb1FUcjdFQngwWkZZNXZ1dTg5WkJQc092SFZLUFVYSEhUbEhzMHhpV1lIT1FiSnlpNHlqZGpacmE0dkIwd3hkdExrMkFwUUgtaURVcWpiZnBaR20wU2U5eXhMRmJlSGd6aEdlV1VfMnM4XzdEcDZ3TVlZU1E2bTYzLWtkelctZ1HSAY8BQVVfeXFMUHI2a0tPZXoycUZHdURVNTFOYVJ5QlpkVFZLeVpGQmdNLU8wa3YyVEQwMmhGamhydXNMblNVNTJXQlh0TF9NbWg0YnVfZU82M09PUnpYQS1mR3lEVTZJX3NTdDVseXY5b0RnUFU0UGFTQmhHLTBGT2tON3dOdHJ3NzRJNl84aXBMcS05Sy1qTm8?oc=5) · ABC7 Chicago
- 2022-03-17 [Great Lakes Credit Union opens new, digital-first branch in Libertyville - CUInsight](https://news.google.com/rss/articles/CBMisgFBVV95cUxOaG9BVEFfSE95SmhIcmQ0NDJXcXAwM0Y2SVlRam1UcXBwMG9vcGpib0lnUTFHWHFYZDN4aEFkY3pWMWRCNjg2NzRzY3NUa0JrNm93a0RLTk5oaU85Rm9CQVBfU3o5cmsxN2tNVFNQVjM5TEU4VE9raFNwblptM3k1bUN2emYtSWF2cENaTWJUMi04eERjeW85S0ZlOVZIMi1nOWE1T3RBYTZMS0tPcURZZWxR?oc=5) · CUInsight
- 2025-02-02 [George D. Reeder Obituary Feb 2, 2025 - Davenport Family Funeral Homes And Crematory](https://news.google.com/rss/articles/CBMiZ0FVX3lxTE1TblJHT0RlWWkxcDJFd3d1MmY2Q0FZRGI3RTVNN3BoZ3hXNXZwZ2NyeGZSeTZKUU9yYVh4N29LWXNFUmFGclh1SmZVUHdHYU5OaDE2MG1GVVgybzRocTJUc29RbEM1Qkk?oc=5) · Davenport Family Funeral Homes And Crematory

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=60238 (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/14.json (key "60238", 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=60238
- 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.

---
Rendered 2026-09-10 from the desks' own data files. Full guide: https://getbookiq.com/guide