# ADVENTURE
Grand Rapids, MI · NCUA charter 60936 · asset band $500M-1B · latest filing 2026-03 · live
Share link (named URL with a preview card): https://getbookiq.com/cu/adventure-60936

Who the members are: state charter, organized 1936, low-income designated. 43,275 members of 10,077,761 potential (0.4% of the field); checking penetration 59% (share draft accounts per 100 members); loans per 100 members 62.

**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 | $642.0M |
| Members | 43,275 (-2.5% YoY) |
| Full-time staff | 160 |
| Net worth | $73.3M |
| Net worth ratio | 11.4% (p65 of band) |
| ROA (annualized) | 0.13% (p11 of band) |
| Total delinquency | 0.61% (p51 of band) |
| Net charge-offs (annualized) | 0.52% (p59 of band) |
| Loans / shares | 80% (p45 of band) |
| Cash / assets | 8.4% |
| Borrowings / assets | 0.00% |
| Net interest margin | 3.89% (p80 of band) |
| Operating expense / assets | 4.85% (p93 of band) |
| Vehicles % of loans | 31% (p57 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 78% |
| Third-party paper % of net worth | 147% (p62 of band) |
| Vehicle delinquency | 1.53% (p91 of band) |
| Vehicle NCO | 2.26% (p88 of band) |
| Repossessed % of vehicle book | 0.00% (p18 of band) |
| Real estate % of loans | 47% |
| Credit cards % of loans | 2% |
| Unsecured % of loans | 4% |
| Commercial % of net worth | 97% |
| Core shares % of member funds | 55% |
| Certificates % of member funds | 19% |
| Average share balance | $6,060 |
| Participations bought / yr | $1.3M |
| Participations sold / yr | $0 |
| Participations outstanding | $24.4M |
| Loans outstanding per 100 members | 62% |
| Loans granted per 100 members, annualized | 15% |
| Average loan balance | $16,697 |
| Loans granted, annualized | $413.6M |

## Participation posture (from the same filings)

Bought $1.3M and sold $0 in the latest annualized quarter; $24.4M outstanding purchased (33.3% of net worth), $0 sold and retained. Sold in 0 and bought in 4 of the last 8 quarters. Shares -0.3% year over year.

## Flags firing in the latest filing

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

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 2 | losing money, expense trap |  |
| 2016-06 | 1 | loans>95% of shares | losing money, expense trap |
| 2016-09 | 3 | net worth falling, leaning on borrowings |  |
| 2016-12 | 4 | 3rd-party paper>100% NW |  |
| 2017-03 | 6 | losing money, delinquency rising |  |
| 2017-06 | 5 |  | delinquency rising |
| 2017-09 | 5 |  |  |
| 2017-12 | 5 |  |  |
| 2018-03 | 4 |  | losing money |
| 2018-06 | 4 | members leaving | net worth falling |
| 2018-09 | 4 |  |  |
| 2018-12 | 4 | assets shrinking | members leaving |
| 2019-03 | 4 |  |  |
| 2019-06 | 3 |  | leaning on borrowings |
| 2019-09 | 3 |  |  |
| 2019-12 | 3 |  |  |
| 2020-03 | 1 |  | loans>95% of shares, assets shrinking |
| 2020-06 | 2 | net worth falling |  |
| 2020-09 | 1 |  | net worth falling |
| 2020-12 | 1 |  |  |
| 2021-03 | 3 | net worth falling, delinquency rising |  |
| 2021-06 | 1 |  | net worth falling, delinquency rising |
| 2021-09 | 3 | delinquency 2x band, delinquency rising |  |
| 2021-12 | 2 |  | delinquency 2x band |
| 2022-03 | 1 |  | delinquency rising |
| 2022-06 | 2 | delinquency rising |  |
| 2022-09 | 2 | delinquency 2x band | delinquency rising |
| 2022-12 | 3 | delinquency rising |  |
| 2023-03 | 2 | charge-offs p90 | delinquency 2x band, delinquency rising |
| 2023-06 | 2 | assets shrinking | charge-offs p90 |
| 2023-09 | 3 | members leaving |  |
| 2023-12 | 2 |  | assets shrinking |
| 2024-03 | 3 | net worth falling |  |
| 2024-06 | 2 |  | net worth falling |
| 2024-09 | 2 |  |  |
| 2024-12 | 0 |  | 3rd-party paper>100% NW, members leaving |
| 2025-03 | 4 | net worth falling, losing money, expense trap, 3rd-party paper>100% NW |  |
| 2025-06 | 3 |  | net worth falling |
| 2025-09 | 2 |  | losing money |
| 2025-12 | 2 |  |  |
| 2026-03 | 2 |  |  |

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

- 2026-03-12 [Michigan youth invited to compete in Smart Money Missions game for National Financial Literacy Month - Michigan State University](https://news.google.com/rss/articles/CBMiygFBVV95cUxOcDlxMUE4djZjOG9Eb3lZUE45RjM4dzAzbW13dzY0ZS05TkRpNWJhWlNtVnNwSWtBVnVGZ3ZYVDJselZ5amdwdzNFUFoxdkg0UVVIZGU1SmFYd09yc3F3Q0dybGRmQzE0b3pDZFVkdXVRSzItajliSTVvSUViLVZEdG9OOXNLU3pWWXhDSFoza3pHeWVlSFlCcFVBQ3Fvel9VbnpzcmI1c3ZWRTFWVncxeG05WVU0bEl3b3JJbEpKWW1PaGtON09HVTln?oc=5) · Michigan State University
- 2025-12-20 [Carolyn Wright Obituary - Georgetown, TX - Dignity Memorial](https://news.google.com/rss/articles/CBMihwFBVV95cUxQS3lkRlc0RmZqVXlmcEV2R2xtM1dpdjNHWVIxZVVvOHlNUnJDakt4SDhELU92enBfVTU4aGlhWC1lQTVpd2o0djQ5b1JNcTdwYTdTNFFoT3R0ZzV1RUptUWhxb3lUUmhjOW1kbUNRZHEtcXBiVi12UEpzY3B1NDdtYmItRnhwNEE?oc=5) · Dignity Memorial
- 2021-01-11 [Former CEO of Adventure Credit Union dead at 59 - American Banker](https://news.google.com/rss/articles/CBMinAFBVV95cUxQbVB6WjFydlU2bFAzamM3WFEzbW9YVWdEN0pJNXVJci1HV3pqYm11S2RaT25EckJTNWgzUWR6VW01MFJETnd4a3VNRG1WYlRZV2VYYXlFWnBwRU9GTnN3UGdmTnhKVW5jSFdTRlYwRDdIX01FYUthR0NfWGUyVUhPV0lVeDVTVUwtQWJVbFZIOWFtVjRldHNUTkNfd0M?oc=5) · American Banker
- 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
- 2026-03-02 [Patricia Andrews Obituary - Lansing, MI - Dignity Memorial](https://news.google.com/rss/articles/CBMihgFBVV95cUxQRmo1TmkyVE02SGtoTXdNZi1uYWhRVVFqZE9TRVcyOFhzVzhmZExmaEMtUlg3ekdKbmkxc21YS2VTOVZRYWZ0T1pDN0RMNVpicUxzTE1WZUUzdWgxWUZjS2Zpc1M0TXp2SDlZaDdMbW1ueFg4MlJlMm5lNlFSazc4QnVVcTdKdw?oc=5) · Dignity Memorial
- 2025-03-13 [BEER CITY HOCKEY NIGHT UPCOMING FOR GRIFFINS - Grand Rapids Griffins](https://news.google.com/rss/articles/CBMiggFBVV95cUxQYzhaMUJpMTlTUDlYOHkzbWY0emxYRnVTYlczLUtDZ3BQOTcxUmR6aG4xSDBlQW9MeVlRRUpJSDlRSmlxdURrelp6VFpNTHI1VVpKVF9wdWUtVFFTUlR6VXlYc295T2JWc212Rm5PMG5WOWxpVjJRRnNYMElta2xncnNR?oc=5) · Grand Rapids Griffins
- 2025-07-25 [LOC Credit Union Seeks New Location in Hartland - WHMI](https://news.google.com/rss/articles/CBMiiAFBVV95cUxQWlZ2ZUI1elFBalNFaFZwY3g5UV9lMWZaNjVkWlNaY25jeXEyNUNWNW9FdGVGcmJnWHRZYlpJOUpGWWRYR2wwRlhleHdmTEU3MEdfSmp2aUdXVVpfUWhxVWhPRUk0MHI2N014NUFpbEllUGl0OEdQS0hxZXNPS1pfWmRDd2xFUXdE?oc=5) · WHMI
- 2020-02-25 [Getting real - School News Network](https://news.google.com/rss/articles/CBMiakFVX3lxTFA5NUljTkFtcU5pc3BOeHQ3ZVpHWW5zWXpKby1aSktVZHowRXBRUllZVjhILWN2NmFCODBaYnRVbWVlREhNTi02QlpnclFiZ0xaQ3FXNW9QeWxadHNuZm04bEFiWVgzQlNINHc?oc=5) · School News Network

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=60936 (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/8.json (key "60936", 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=60936
- 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