# PUBLIC SERVICE
Romulus, MI · NCUA charter 60683 · asset band $200-500M · latest filing 2026-03 · live
Share link (named URL with a preview card): https://getbookiq.com/cu/public-service-60683

Who the members are: state charter, organized 1951, low-income designated. 31,795 members of 10,140,459 potential (0.3% of the field); checking penetration 61% (share draft accounts per 100 members); loans per 100 members 46.

**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 | $459.4M |
| Members | 31,795 (-1.1% YoY) |
| Full-time staff | 111 |
| Net worth | $53.3M |
| Net worth ratio | 11.6% (p56 of band) |
| ROA (annualized) | 1.04% (p74 of band) |
| Total delinquency | 1.01% (p80 of band) |
| Net charge-offs (annualized) | 0.56% (p68 of band) |
| Loans / shares | 76% (p54 of band) |
| Cash / assets | 6.7% |
| Borrowings / assets | 4.35% |
| Net interest margin | 3.64% (p56 of band) |
| Operating expense / assets | 4.75% (p89 of band) |
| Vehicles % of loans | 35% (p54 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 65% |
| Third-party paper % of net worth | 133% (p67 of band) |
| Vehicle delinquency | 1.27% (p83 of band) |
| Vehicle NCO | 1.32% (p81 of band) |
| Repossessed % of vehicle book | 0.00% (p25 of band) |
| Real estate % of loans | 26% |
| Credit cards % of loans | 0% |
| Unsecured % of loans | 8% |
| Commercial % of net worth | 128% |
| Core shares % of member funds | 56% |
| Certificates % of member funds | 29% |
| Average share balance | $5,640 |
| Participations bought / yr | $0 |
| Participations sold / yr | $0 |
| Participations outstanding | $18.7M |
| Loans outstanding per 100 members | 46% |
| Loans granted per 100 members, annualized | 5% |
| Average loan balance | $20,228 |
| Loans granted, annualized | $37.8M |

## Participation posture (from the same filings)

Bought $0 and sold $0 in the latest annualized quarter; $18.7M outstanding purchased (35.1% of net worth), $2.1M sold and retained. Sold in 4 and bought in 0 of the last 8 quarters. Shares 7.0% year over year.

## 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 | expense trap |  |
| 2016-06 | 0 |  | expense trap |
| 2016-09 | 2 | expense trap, 3rd-party paper>100% NW |  |
| 2016-12 | 2 |  |  |
| 2017-03 | 2 | net worth falling | expense trap |
| 2017-06 | 2 | expense trap | net worth falling |
| 2017-09 | 2 |  |  |
| 2017-12 | 2 | net worth falling | expense trap |
| 2018-03 | 2 |  |  |
| 2018-06 | 2 | expense trap | net worth falling |
| 2018-09 | 2 |  |  |
| 2018-12 | 2 |  |  |
| 2019-03 | 3 | net worth falling |  |
| 2019-06 | 2 |  | net worth falling |
| 2019-09 | 2 |  |  |
| 2019-12 | 3 | delinquency 2x band |  |
| 2020-03 | 3 |  |  |
| 2020-06 | 6 | net worth falling, margin squeeze, delinquency rising |  |
| 2020-09 | 5 |  | delinquency rising |
| 2020-12 | 3 |  | delinquency 2x band, net worth falling |
| 2021-03 | 4 | delinquency 2x band |  |
| 2021-06 | 3 |  | margin squeeze |
| 2021-09 | 3 |  |  |
| 2021-12 | 3 |  |  |
| 2022-03 | 5 | losing money, charge-offs p90 |  |
| 2022-06 | 4 |  | charge-offs p90 |
| 2022-09 | 5 | delinquency rising |  |
| 2022-12 | 4 |  | losing money |
| 2023-03 | 3 |  | expense trap |
| 2023-06 | 4 | charge-offs p90 |  |
| 2023-09 | 3 |  | delinquency rising |
| 2023-12 | 3 |  |  |
| 2024-03 | 2 |  | charge-offs p90 |
| 2024-06 | 4 | expense trap, members leaving |  |
| 2024-09 | 3 |  | members leaving |
| 2024-12 | 3 |  |  |
| 2025-03 | 4 | net worth falling |  |
| 2025-06 | 2 |  | expense trap, net worth falling |
| 2025-09 | 2 | expense trap | delinquency 2x band |
| 2025-12 | 1 |  | expense trap |
| 2026-03 | 1 |  |  |

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

- 2026-05-14 [What’s a Chief Capacity Officer? orsa credit union is about to show you - CUInsight](https://news.google.com/rss/articles/CBMirwFBVV95cUxQbkFoZXlIOWpEU0huNXA4TTZfMllvLXEza2ItNzVycDctNS1MN3g3c2h2MDdBX0ZrSG5RRnNkY0tOV3dCeXZaaFl3WTQ3V2JfNlE0TXk4QmNLYVBPeGdtOVBnbG1JaXowVWJBMkQxTXBRaUs0SHBWYW1NX29IR2JSSndMWFpKM1R2bUhXY0t3NTB1RTdOXzE4b2p0RnZIdXRPMjc2aEJQcmlMSlNjbW5F?oc=5) · CUInsight
- 2026-03-10 [Elizabeth Misuraca-Jarrett Obituary - Grosse Pointe Woods, MI - Dignity Memorial](https://news.google.com/rss/articles/CBMiowFBVV95cUxNcHNwX2hJY1phdmQ0N085Z2pHSjdSYnJQZlJhVFlYTFZzLXJXYkNPOFRXSGdIT25wZUsyUmdPOEw0SVFoMEJFX01PX1hva3B4dXl4MHhQT1lXZ2hLdENuMXZXTnlNOHpSUUkyN3NoNjBCYmxXVHlLNGxwWm9idmxiOXhFbWhQb1g1ZHZIdDRfVXRxaUlkbzVxQnJwZU1mc0lOMnMw?oc=5) · Dignity Memorial
- 2026-03-11 [Elizabeth “Bettye” Misuraca Obituary - The Detroit News](https://news.google.com/rss/articles/CBMiX0FVX3lxTE9XTERYSkNNSk1aMkg2aGdDaU9XVmZQX3dtSTJlM21TY1lwSlUwSlpLazFfS1dGZG51V0NIakdYT0pEejhRSDVMejBjUDU4TU1Sd196aFNYVjA1NFhPSEt3?oc=5) · The Detroit News
- 2021-11-28 [Michigan marijuana businesses couldn't find banks to take their cash, lend money - Detroit Free Press](https://news.google.com/rss/articles/CBMi4wFBVV95cUxPLXRoY1B6amdYSXQ1bUFqQUVkT1RPbW44STgxUEdRZ1BQTHhDbEFibHQzSDdUdk00eDh3UXd6Nlk3S1Fsd0x6R09PdzR3dUpmWUd0dVdjVHhSLVo5bEdMYWo3NDh3Q0JFM0prdEo5WE5zaGo4UVNuNjRBblczZXRWcVZjdzlORVd6N2toYnc2U3B0QnltZy1XblduVVlic3FUalRrcGQ1d3hjUzhUaWhrcEVHeTVmVER2NHh5R1V2UkpiX2FtVUpaZGg2YnJqLVhLYjByOWR6Q2lwdnFkSWpjbXFIOA?oc=5) · Detroit Free Press
- 2025-09-09 [Michigan’s Labor Movement Gathers Outside Court to Demand House Republicans Follow State Constitution - MI AFL-CIO](https://news.google.com/rss/articles/CBMivwFBVV95cUxPQ0Q1Y1ZYeWZwUThYN0UwVzVOMTU0RG1JQ29PbjNCWHFhUHlDeHVGMnRMZnpQbWlsUW1rZThJaVJIY1lndmxfd3lscXdMblhjVE5vWFJ6NWM0d1NSWXF3WlVhWDBUVEcxd09ONFAwMU9yUlN2bkJLLUVaalQybldjTGNvbU5xaUY4bXpaUVVIamg3Z0lySGxXWThwcnFORy0xUjVVV2R3UzZDOV80MmtIdEtqX0YydFpQejZ5NW9Gcw?oc=5) · MI AFL-CIO
- 2023-09-06 [15 steps in the unionization of banks, credit unions - American Banker](https://news.google.com/rss/articles/CBMiogFBVV95cUxNVFBHQzVuY2o2VVFsVFNGWFhvaUJtaVVFOHN2VVNKN04wNkxKTk05QnJpekFIV1hQbG1pRVVLRTNsSnU0ZlVtb0JBZ2hIMjJOa3NOUUg4RlV5UHRQa2p3OWlRT2xRUHNrS3RXeFlRYjVWTGNGUmZvemVlTHRPYXljeV9tSkpCai1HY0I0ZDJDSDZ0SDlQQTQtbDdnbjNiVGFDYlE?oc=5) · American Banker
- 2024-02-09 [Public Service Credit Union CEO Carolyn Mikesell joins CU*Answers board of directors - CUInsight](https://news.google.com/rss/articles/CBMiwgFBVV95cUxOSXl1aWpkdHVIYnFoRnRRUEJnMEdoRkQ2eUJjOVNvQ19iTHpCZ1plOENad01faHNoWVA1Y2ZLN0h5Tk4yWlRtc3UyQzZlWFF6VDJVbUxiZ0NOMmRFUE9fOGtndklpZGRoM3BYcU9SQ2U3M1N3d1g3ODRKWUhKZDBxUkZfYUR1QUxISFFuREhZcWR4VnVyMDE5ejVHMEphYzlUNEozeDY5V3kzNnlncWQwanpuM0ZHYmh6LTNralRiMXZTQQ?oc=5) · CUInsight
- 2023-09-15 [Largest Credit Unions in Metro Detroit - DBusiness Magazine](https://news.google.com/rss/articles/CBMijgFBVV95cUxNQXBMOEo3eWl2TThOTW1MMzRvcFZKczZyejFEUWFhSVlYNGVSQkwzMmpvZ011QWdrVEtncG5ZbWZWTzh4Sl9DbWo1LWFGY3pNbm5SSGFyVlpqbkVpM2FtOFRiNzVMVFZnNGZ5YS1iWTJvajBvd21Hc1M0bjNXMUtrOVVxN0Jkclh5cnRUS0lR?oc=5) · DBusiness Magazine

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=60683 (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/11.json (key "60683", 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=60683
- 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