# FREESTAR FINANCIAL
Mount Clemens, MI · NCUA charter 60406 · asset band $200-500M · latest filing 2026-03 · live
Share link (named URL with a preview card): https://getbookiq.com/cu/freestar-financial-60406

Who the members are: state charter, organized 1957, low-income designated. 22,081 members of 9,000,000 potential (0.3% of the field); checking penetration 57% (share draft accounts per 100 members); loans per 100 members 81.

**Verdict on the desk:** this could be *indirect buyer*. 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 | $351.3M |
| Members | 22,081 (2.1% YoY) |
| Full-time staff | 74 |
| Net worth | $33.2M |
| Net worth ratio | 9.4% (p22 of band) |
| ROA (annualized) | 0.29% (p20 of band) |
| Total delinquency | 0.82% (p69 of band) |
| Net charge-offs (annualized) | 0.78% (p83 of band) |
| Loans / shares | 68% (p36 of band) |
| Cash / assets | 15.0% |
| Borrowings / assets | 0.00% |
| Net interest margin | 3.35% (p35 of band) |
| Operating expense / assets | 4.03% (p65 of band) |
| Vehicles % of loans | 34% (p53 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 60% |
| Third-party paper % of net worth | 148% (p72 of band) |
| Vehicle delinquency | 0.92% (p73 of band) |
| Vehicle NCO | 0.95% (p67 of band) |
| Repossessed % of vehicle book | 0.00% (p25 of band) |
| Real estate % of loans | 44% |
| Credit cards % of loans | 5% |
| Unsecured % of loans | 9% |
| Commercial % of net worth | 47% |
| Core shares % of member funds | 52% |
| Certificates % of member funds | 25% |
| Average share balance | $7,462 |
| Participations bought / yr | $20.7M |
| Participations sold / yr | $0 |
| Participations outstanding | $24.1M |
| Loans outstanding per 100 members | 81% |
| Loans granted per 100 members, annualized | 10% |
| Average loan balance | $11,957 |
| Loans granted, annualized | $72.8M |

## Participation posture (from the same filings)

Bought $20.7M and sold $0 in the latest annualized quarter; $24.1M outstanding purchased (72.8% of net worth), $0 sold and retained. Sold in 0 and bought in 8 of the last 8 quarters. Shares 3.4% year over year.

## Flags firing in the latest filing

- **net worth falling** (`cap_falling`)
- **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 | 2 | net worth falling |  |
| 2016-12 | 1 |  | net worth falling |
| 2017-03 | 2 | repo signal |  |
| 2017-06 | 1 |  | repo signal |
| 2017-09 | 2 | loans>95% of shares |  |
| 2017-12 | 4 | delinquency 2x band, delinquency rising |  |
| 2018-03 | 3 |  | loans>95% of shares |
| 2018-06 | 4 | net worth falling |  |
| 2018-09 | 3 | loans>95% of shares | delinquency rising, net worth falling |
| 2018-12 | 3 |  |  |
| 2019-03 | 2 |  | loans>95% of shares |
| 2019-06 | 2 |  |  |
| 2019-09 | 2 |  |  |
| 2019-12 | 3 | net worth falling |  |
| 2020-03 | 4 | losing money, charge-offs p90 | delinquency 2x band |
| 2020-06 | 5 | margin squeeze |  |
| 2020-09 | 3 |  | net worth falling, losing money |
| 2020-12 | 2 |  | charge-offs p90 |
| 2021-03 | 3 | net worth falling |  |
| 2021-06 | 1 |  | margin squeeze, net worth falling |
| 2021-09 | 1 |  |  |
| 2021-12 | 1 |  |  |
| 2022-03 | 3 | thin capital, net worth falling |  |
| 2022-06 | 1 |  | thin capital, net worth falling |
| 2022-09 | 1 |  |  |
| 2022-12 | 1 |  |  |
| 2023-03 | 1 |  |  |
| 2023-06 | 2 | net worth falling |  |
| 2023-09 | 2 | delinquency rising | net worth falling |
| 2023-12 | 1 |  | delinquency rising |
| 2024-03 | 3 | delinquency rising, members leaving |  |
| 2024-06 | 2 |  | delinquency rising |
| 2024-09 | 1 |  | members leaving |
| 2024-12 | 2 | delinquency rising |  |
| 2025-03 | 1 |  | delinquency rising |
| 2025-06 | 2 | delinquency rising |  |
| 2025-09 | 4 | delinquency 2x band, members leaving |  |
| 2025-12 | 1 |  | delinquency rising, delinquency 2x band, members leaving |
| 2026-03 | 2 | net worth falling |  |

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

- 2025-07-28 [FreeStar Financial Credit Union board chairperson Raymond White Jr. inducted into prestigious DCUC Hall of Honor - CUInsight](https://news.google.com/rss/articles/CBMi5wFBVV95cUxQNHZrME16cnhFV0NOUWpkcXBxaTQ4dml2NkFicm5KYUpGMm1VTDVfUVh0UlJnVWtIN19qRS1oZXdpaVYtYVlMc3o1YWFDZ0Z4TmVyWVhuSFMwbDVRRVM0bUdMWGtjU1RjSEMtQWNNWjJ6bmpPMzBhTnV0al9qcHdaSEFRdlhCOXUyZ05qRlpKam9ZOGJkYjNDRFV2R3g3WVNBRUJzVzI3X2JJYWRxcFgwRDFiSmNEUGVNZ2lvSF90OXU2TFlLQm14SFlVM2trV2NuaWFCbkZwTmxpOUNtRmVwdHV3MjF0ZlE?oc=5) · CUInsight
- 2025-01-23 [Google Wallet adds 22 new US banks: Is yours on the list? - androidpolice.com](https://news.google.com/rss/articles/CBMif0FVX3lxTFB4SVVIaXJ3ZkthMF95Z291WnR6eHZhQkdSUXpjaUQ4RTEyYWN5bWYwdlFIMHo3WkRnQUZwZmMxX0tHMmJrUnlWUmlpa2FTZ3N6eEVuUUNiSjhaYTZBOUtOZGltRlpHd1Fmckl2aGV5RmJXbThYbTBYc01iQ1pWS1k?oc=5) · androidpolice.com
- 2025-04-29 [Kiwanis of Eastpointe turns 100 years old - C & G Newspapers](https://news.google.com/rss/articles/CBMilgFBVV95cUxPSmlFT2ZXOEk3Vlp6RTFhSFhPSjVZSnZ0azJDUWNrM1o2bWdYekdISDJCUHBDSXFBTTNNM0hIMmZTZ0R3ZDIxTk5qNF9ZMDMwRERQVVNYc09lWVI0M01NaV8xZUNCeWhRQ1NkZmU3SnhRdjlVbGE0QVlIS1dFaHBnUm00ZG5sandGeFlfdVIxcC1mQkVUc2c?oc=5) · C & G Newspapers
- 2023-12-06 [Clifford Anthony Brown Obituary (2023) - Sterling Heights, MI - Wujek-Calcaterra & Sons, Inc. - Sterling Heights - legacy.com](https://news.google.com/rss/articles/CBMigwFBVV95cUxPMUdpVmRTWTI1ckdpdTE5bExtSE0yVUhxRzJ2Y2Zld2J0ZjlETHdXRmYyTVRkYnVEUUdWbWdPUVByWkJxOXFOaEt2bkFNVmg0U2d5c3dlSWRIcFJNdlVIVDV2cFRCUzZXb1FuYnQ5Zjd3VkZ6dHB3RzRZTHRuM3VMNk9JVQ?oc=5) · legacy.com
- 2022-04-12 [Murderer’s brother reaches plea deal with feds - Macomb Daily](https://news.google.com/rss/articles/CBMixwFBVV95cUxPcDFUQ0x1VXJ5LUpmalhlRFlaeXRydW96SG5LTnMtZ2JaWFoyOUVmU0JzUVpGTklwaDZ5LW5iZVZvSVI1T3BNejBZMlFYbno0bjhrbC1vc1dnYUxSekxubGNmdFVlOUtKVjV6NGdfS2ZRYkZZS3BfZlNOb3NmMFFmLXp0OEtSMDFhMl9FMGw4MU51VHQ3MElsci1xNk5uRk1zRWtJVXhmTlc2NElVZjZFNXpKZk5uak1CY1VtX1Y2eHJ4MjVyV1dz?oc=5) · Macomb Daily
- 2024-04-18 [Selfridge museum restoring warbirds - C & G Newspapers](https://news.google.com/rss/articles/CBMijgFBVV95cUxNQVdBNWtEMmhGbi1MXy1oUXZpeWxESWYtUkpFeGl5ZEZHWUVVNk15Y094bFJkS1oxVmJnY0ttanZEZzJ0aFpFdDVlM21SMElFTjVHOVdqZnJoYjFTS0dQUi1qck52T0xrN2NNYWF3dk1PTk5ZbXpBeGdKX2x5amNlX0tjUTRzTHBpTWx0dnp3?oc=5) · C & G Newspapers
- 2024-05-08 [First woman undersheriff and longtime volunteer wins Athena Award - Macomb Daily](https://news.google.com/rss/articles/CBMiqAFBVV95cUxQakFsOEhNeVplMEtPTFBnTFJpdjZOZkVubVJoMDFqY1RIODlkbGtSd0lpWWVra09nV0NFWXplSzBDWXFLLTlWNUhaelY5enljcVE0N3FwcU5aM245NF9YdHplZDlqQ1o4bWpYcDNuZUVVN3pFVy1LdzZWSjZLdTZSckJRSVVkSUZyRC1rbXJESjZ2NUNCYnk3V21nYzkzS2w4d1JnSWJ2NnI?oc=5) · Macomb Daily
- 2023-08-18 [Selfridge museum takes in pioneering airplane - C & G Newspapers](https://news.google.com/rss/articles/CBMimwFBVV95cUxQRjFaeTJucWpXNlZBV2s0X0ZXb2xUVjRIUndBejl0dTZFQ01OMEtDTnlYXzBROXIzVkVYcXp3ZnZ2bEZvcTVrOEo4OUUtSEFyVVJpX1E1NkNxZlBVUlVHVXhSMGpKUjZWRU1mMDRSNXdjRmdPZXNhN0xSbFdZcHhwMXFfVUlzdkhTMjdFY09mY2dnLXZUbXpNVS1jUQ?oc=5) · C & G Newspapers

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=60406 (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/54.json (key "60406", 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=60406
- 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