# ASTERA
Lansing, MI · NCUA charter 60920 · asset band $100-200M · latest filing 2024-12 · stopped filing after 2024-12 (departed; for a credit union that is almost always a merger)
Share link (named URL with a preview card): https://getbookiq.com/cu/astera-60920

Who the members are: state charter, organized 1949, low-income designated. 14,343 members of 300,000 potential (4.8% of the field); checking penetration 60% (share draft accounts per 100 members); loans per 100 members 57.

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

## What the filing shows

| Measure | Value |
|---|---|
| Total assets | $188.9M |
| Members | 14,343 (-3.6% YoY) |
| Full-time staff | 63 |
| Net worth | $16.4M |
| Net worth ratio | 8.7% (p12 of band) |
| ROA (annualized) | -0.59% (p4 of band) |
| Total delinquency | 1.13% (p75 of band) |
| Net charge-offs (annualized) | 0.90% (p89 of band) |
| Loans / shares | 65% (p36 of band) |
| Cash / assets | 2.8% |
| Borrowings / assets | 3.71% |
| Net interest margin | 3.31% (p42 of band) |
| Operating expense / assets | 5.29% (p92 of band) |
| Vehicles % of loans | 36% (p46 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 66% |
| Third-party paper % of net worth | 167% (p79 of band) |
| Vehicle delinquency | 0.97% (p69 of band) |
| Vehicle NCO | 2.00% (p93 of band) |
| Repossessed % of vehicle book | 0.10% (p79 of band) |
| Real estate % of loans | 23% |
| Credit cards % of loans | 2% |
| Unsecured % of loans | 7% |
| Commercial % of net worth | 211% |
| Core shares % of member funds | 49% |
| Certificates % of member funds | 23% |
| Average share balance | $5,288 |
| Participations bought / yr | $300,000 |
| Participations sold / yr | $0 |
| Participations outstanding | – |
| Loans outstanding per 100 members | 57% |
| Loans granted per 100 members, annualized | 51% |
| Average loan balance | $13,809 |
| Loans granted, annualized | $29.4M |

## Flags firing in the latest filing

- **thin capital** (`cap_low`)
- **net worth falling** (`cap_falling`)
- **losing money** (`earn_negative`)
- **expense trap** (`earn_opex`)
- **assets shrinking** (`shrink_assets`)
- **members leaving** (`shrink_members`)
- **3rd-party paper>100% NW** (`str_thirdparty`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 5 | thin capital, expense trap, delinquency 2x band, repo signal, 3rd-party paper>100% NW |  |
| 2016-06 | 5 |  |  |
| 2016-09 | 4 |  | repo signal |
| 2016-12 | 3 |  | delinquency 2x band |
| 2017-03 | 4 | members leaving |  |
| 2017-06 | 4 |  |  |
| 2017-09 | 3 |  | thin capital |
| 2017-12 | 3 |  |  |
| 2018-03 | 4 | thin capital |  |
| 2018-06 | 5 | net worth falling |  |
| 2018-09 | 3 | leaning on borrowings | expense trap, members leaving, net worth falling |
| 2018-12 | 2 | expense trap | thin capital, leaning on borrowings |
| 2019-03 | 2 |  |  |
| 2019-06 | 3 | members leaving |  |
| 2019-09 | 3 |  |  |
| 2019-12 | 3 |  |  |
| 2020-03 | 6 | thin capital, losing money, delinquency rising |  |
| 2020-06 | 4 | net worth falling | expense trap, members leaving, delinquency rising |
| 2020-09 | 3 | expense trap | losing money, net worth falling |
| 2020-12 | 3 |  |  |
| 2021-03 | 3 | margin squeeze | expense trap |
| 2021-06 | 2 |  | margin squeeze |
| 2021-09 | 4 | expense trap, delinquency 2x band |  |
| 2021-12 | 4 |  |  |
| 2022-03 | 6 | delinquency rising, charge-offs p90 |  |
| 2022-06 | 4 |  | delinquency rising, charge-offs p90 |
| 2022-09 | 3 |  | thin capital |
| 2022-12 | 4 | thin capital |  |
| 2023-03 | 4 | net worth falling | delinquency 2x band |
| 2023-06 | 4 |  |  |
| 2023-09 | 3 |  | net worth falling |
| 2023-12 | 4 | leaning on borrowings |  |
| 2024-03 | 3 | losing money | expense trap, leaning on borrowings |
| 2024-06 | 6 | expense trap, delinquency rising, assets shrinking |  |
| 2024-09 | 6 |  |  |
| 2024-12 | 7 | net worth falling, members leaving | delinquency rising |

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

- 2024-06-05 [Lansing credit union founded by UAW members to merge with Grand Rapids financial institution - Lansing State Journal](https://news.google.com/rss/articles/CBMizAFBVV95cUxPT3IwazQ5VFFoQzZfZVJobE8zZVpsY3FqN2VDQ0owdURQTEdIRm5SWjlxb0xoek9pLW80TlRDX3BiWXRtang1Q2JBMDVmMnRhQW13TFBQSVRqY1FoUERyY2hrWTZ2ZVZNQ2pQWW0yLUphc0pHTlNhLTJUU0s2bmE5Q2c1NGNaU0RWam5PN3BSRzhzYm1xSzlTMEZZVFVLczhPOE5SU2pxRFJkTGFJa0VFNWE2UVdYZmVyUHpHX1Q4QXFiN00yQld1WDRTT0s?oc=5) · Lansing State Journal
- 2024-08-28 [Best Credit Unions to Work For with less than $200M of assets in 2024 - americanbanker.com](https://news.google.com/rss/articles/CBMiuAFBVV95cUxOUEUtU1pWekNmaVVuTEdHbTRESDNKVnkyZXFnS1FyMm1VMkJjQkVKZmx6dnplZUJJWkhBWDZqcng2NVdHbW1oLTJscXJTSGFXQThBdVVPNEgxV1V3bGVvOVhsTjhmYUpXMHRWVnVaNFRyZUM5WU1FdEN1OF91Z2QzSGUwSzVGQXF1VzVRYnN5TWl5Yl9qWmNBdDJhM2d2SGIyNXp6ZF9WQVlmVEg5WXVmSVE4bktteUJo?oc=5) · americanbanker.com
- 2021-09-03 [The Best Credit Unions to Work For, under $500 million of assets, 2021 - americanbanker.com](https://news.google.com/rss/articles/CBMitwFBVV95cUxON2lPQkZ4WUUzS1FfVE9HaVJ1TEVFNWVoNmVFLTE2WVktdnpRZGZLZlloVDBhYXRDcVdRWkJxczByRTFVam9zcXh6ZmQzYU9oNDNjWU1temktQUk3bEdpdzMzZENwNVFDaHNrdkJ5QzYyT3JnSEFmLW9yblZaR3JKZWFrcUVJc1lLNk0xYVc4SjlCbWlNcG8wemxLWGctWVNFM1VabzVDWmJkd2xkc0N0cUJ3a1VzdHc?oc=5) · americanbanker.com
- 2021-09-22 [Google Pay growth continues to explode, with dozens upon dozens of new banks signing on - androidpolice.com](https://news.google.com/rss/articles/CBMijAFBVV95cUxQRjVBSkRYUnhSaHFFUTJvZGt2X0R0RnZtcWp6MUUtQjR3R3RXNmc1Umo4Q3NaV0VKVVpsYTRCSVkzb0dfdmhWS05ZWnpQYWh6d3gzc0VVVzBCYXM0MnBCbG9kekdMdnBfZk9selhhTkhDV2pCMGxUNXVlNG5wMmpodURVQWxjanVxT0VhYQ?oc=5) · androidpolice.com
- 2015-02-12 [Detroit man admits to robbing 8 credit unions - Detroit Free Press](https://news.google.com/rss/articles/CBMitgFBVV95cUxPQkQwTlE5UjdGVGZnLWJER0Qtc1drYXpNclFJVkhtUkNKc3BWY0hhai11QkZ2bkhhUVhfOU9MRVRzNXF1Z1VhVHNrb29ZeTRsaGhaRElibjVwOTVtc2xGUUsweG1xMmhpWXh5bWgxcTU3MFdCRXl1UGEtUnNZS1hLUk85b21ieWlYc3VLaXM4Xzhmdk1qUWpBX1lzb1NERXBYNW1JRllCTWt2emtURkRabWFXZXlfZw?oc=5) · Detroit Free Press
- 2014-12-17 [7 charged in credit union robbery ring - Lansing State Journal](https://news.google.com/rss/articles/CBMiqwFBVV95cUxQZ1o4aDB3UExtSXEwTW5UQTF2clZ5NVV3eXdYbHEwem9FdkxJR0JrODAyQlF3LU8xeGJhUnRiU2lGZkJOajM1S25WQzhYZlg5VlJoTnRVWXp4Z251UlI2aW5fRmhKVEVlR1BfNUNTTVNFU2llYUJqbU5Od0YyU1hZRDR5YjNXelFNMDRRX2xTVm9LNllXMEdsM1cybHNXdkx3bG9RQVZEMWo5WGs?oc=5) · Lansing State Journal
- 2015-10-03 [Kara Hebert Obituary - East Lansing, MI - Dignity Memorial](https://news.google.com/rss/articles/CBMihAFBVV95cUxPU2F4TkdLUFBlUUxrdlJyaVo5RmVlOWVFVVgtdk1fa1NKcFBuZUxYaUI3aklmY3NrX3VkUlFCX0JpWHRVRXNsejI1SkNhSm5COXNiNGJFbjIwalZzTlhPUl9rSGpTLU1KUTR6X0Q4VnBZaTQ1UURZazFkeWI5UTB1akkzWDg?oc=5) · Dignity Memorial
- 2023-08-27 [Best Credit Unions to Work For 2023, ranked 36-70 - americanbanker.com](https://news.google.com/rss/articles/CBMikgFBVV95cUxNOUVQWUxTdGQ0bmdxdE9DUGRNSTFuRW13TW5hSlg3TzBsU3FsYjBVVlEyNmV4dFlFZnRoVXJIcjZ0dnc5ak5hTWZNQ3JfQlpWVnBpc0ZjT0FjMHp4NENpM2VjM0NQMEhqeHJVbFUxQUMxMDBIc0Jvbk1XVkozcDdvWjVGMW1NLWNRWVVQYnNGeV9TUQ?oc=5) · americanbanker.com

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=60920 (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/56.json (key "60920", 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=60920
- 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