# SECURITY
GRAND BLANC, MI · NCUA charter 61159 · asset band $500M-1B · latest filing 2026-03 · live
Share link (named URL with a preview card): https://getbookiq.com/cu/security-61159

Who the members are: state charter, organized 1955, low-income designated. 53,803 members of 11,329,805 potential (0.5% of the field); checking penetration 47% (share draft accounts per 100 members); loans per 100 members 52.

**Verdict on the desk:** this could be *indirect buyer*. Composite score 4 of 18 (one point per flag across 17 flags, capital below 7% counted twice).

## What the filing shows

| Measure | Value |
|---|---|
| Total assets | $651.8M |
| Members | 53,803 (1.1% YoY) |
| Full-time staff | 157 |
| Net worth | $63.4M |
| Net worth ratio | 9.7% (p39 of band) |
| ROA (annualized) | 0.28% (p21 of band) |
| Total delinquency | 0.86% (p71 of band) |
| Net charge-offs (annualized) | 1.11% (p92 of band) |
| Loans / shares | 85% (p64 of band) |
| Cash / assets | 7.3% |
| Borrowings / assets | 1.07% |
| Net interest margin | 4.63% (p97 of band) |
| Operating expense / assets | 4.70% (p91 of band) |
| Vehicles % of loans | 46% (p82 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 85% |
| Third-party paper % of net worth | 526% (p99 of band) |
| Vehicle delinquency | 1.33% (p86 of band) |
| Vehicle NCO | 2.59% (p91 of band) |
| Repossessed % of vehicle book | 0.35% (p92 of band) |
| Real estate % of loans | 19% |
| Credit cards % of loans | 3% |
| Unsecured % of loans | 5% |
| Commercial % of net worth | 152% |
| Core shares % of member funds | 64% |
| Certificates % of member funds | 18% |
| Average share balance | $6,702 |
| Participations bought / yr | $9.2M |
| Participations sold / yr | $0 |
| Participations outstanding | $96.9M |
| Loans outstanding per 100 members | 52% |
| Loans granted per 100 members, annualized | 10% |
| Average loan balance | $17,632 |
| Loans granted, annualized | $131.8M |

## Participation posture (from the same filings)

Bought $9.2M and sold $0 in the latest annualized quarter; $96.9M outstanding purchased (152.8% of net worth), $0 sold and retained. Sold in 0 and bought in 8 of the last 8 quarters. Shares 4.0% year over year.

## Flags firing in the latest filing

- **net worth falling** (`cap_falling`)
- **expense trap** (`earn_opex`)
- **charge-offs p90** (`aq_nco_high`)
- **3rd-party paper>100% NW** (`str_thirdparty`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 2 | thin capital, 3rd-party paper>100% NW |  |
| 2016-06 | 2 |  |  |
| 2016-09 | 2 |  |  |
| 2016-12 | 2 |  |  |
| 2017-03 | 3 | delinquency 2x band |  |
| 2017-06 | 3 |  |  |
| 2017-09 | 2 |  | thin capital |
| 2017-12 | 2 |  |  |
| 2018-03 | 3 | thin capital |  |
| 2018-06 | 3 |  |  |
| 2018-09 | 1 |  | delinquency 2x band, thin capital |
| 2018-12 | 1 |  |  |
| 2019-03 | 1 |  |  |
| 2019-06 | 1 |  |  |
| 2019-09 | 2 | members leaving |  |
| 2019-12 | 2 |  |  |
| 2020-03 | 4 | thin capital, net worth falling |  |
| 2020-06 | 7 | delinquency 2x band, delinquency rising, charge-offs p90 |  |
| 2020-09 | 4 | margin squeeze | net worth falling, delinquency 2x band, delinquency rising, charge-offs p90 |
| 2020-12 | 5 | charge-offs p90 |  |
| 2021-03 | 4 | net worth falling | members leaving, charge-offs p90 |
| 2021-06 | 2 |  | margin squeeze, net worth falling |
| 2021-09 | 2 |  |  |
| 2021-12 | 2 |  |  |
| 2022-03 | 3 | delinquency rising |  |
| 2022-06 | 1 |  | thin capital, delinquency rising |
| 2022-09 | 2 | delinquency rising |  |
| 2022-12 | 3 | leaning on borrowings |  |
| 2023-03 | 1 |  | delinquency rising, leaning on borrowings |
| 2023-06 | 2 | delinquency rising |  |
| 2023-09 | 2 | leaning on borrowings | delinquency rising |
| 2023-12 | 2 |  |  |
| 2024-03 | 1 |  | leaning on borrowings |
| 2024-06 | 2 | delinquency rising |  |
| 2024-09 | 4 | repo signal, leaning on borrowings |  |
| 2024-12 | 2 |  | repo signal, leaning on borrowings |
| 2025-03 | 5 | expense trap, delinquency 2x band, repo signal |  |
| 2025-06 | 5 |  |  |
| 2025-09 | 5 |  |  |
| 2025-12 | 3 | charge-offs p90 | delinquency rising, delinquency 2x band, repo signal |
| 2026-03 | 4 | net worth falling |  |

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

- 2026-06-29 [20 Largest Credit Unions in America | Banking Advice | U.S. News - U.S. News & World Report](https://news.google.com/rss/articles/CBMigAFBVV95cUxPTGo3NzJqcExQdW1NT240R08xaGVXT1pFZHBGS29RSG9UaUJQaWkxV3RrbEZheE5jWjRlUmp0am5oQ3V6SFh6U2lIQ2NvaWtKTnhsNko2TU0zYXRhWUFEb0ZBUWFJUkxYWlQ4eVBTWHFmNjZkbW1QOXg1VnBDbExpWA?oc=5) · U.S. News & World Report
- 2026-08-13 [The Best Credit Unions Of 2025 - Bankrate](https://news.google.com/rss/articles/CBMiYkFVX3lxTE5ib0NLcS1PRHlua25MWkZkdDZ4bkxOeDZWZHlHenRLeTZjV0p3LW5OSUFOZ0QwQmpwZDJMMGdsQ3NFR25GeVNic0F5bnkzNHdLdTNxQUpWYXlmcEZiQ2lscVBn?oc=5) · Bankrate
- 2025-12-08 [Marquis Software Solutions Under Investigation for Data Breach of Over 780,000 Financial Records - Schubert Jonckheer & Kolbe](https://news.google.com/rss/articles/CBMickFVX3lxTE1vZVQ4bU5jSFVZOGJmZmVqbDJWLXBOcHcxWUZISVE3djVZZVM4ZHFaRTdFTk9vMGptMU5fY2NjMmNRRlRSX1BHVEJ6VjdDeHlSNEZIeTNYU2VoYVRaaDZqT2otMUJvaEROYWx3OWdlQmdIZw?oc=5) · Schubert Jonckheer & Kolbe
- 2026-01-15 [Business Beat : Consumers Credit Union issues phone scam warning - WTVB](https://news.google.com/rss/articles/CBMiTkFVX3lxTE5ORU5HMWpMVjJSNmY0LVlSUE5jNGJqbkZYU2VfdkJhR3JnNnpDNXFQdXZVYTFOMUJ4SlJ3WURjOUhLbmFFWjM4alJsWG1FZw?oc=5) · WTVB
- 2025-12-03 [Marquis data breach impacts over 74 US banks, credit unions - BleepingComputer](https://news.google.com/rss/articles/CBMiqgFBVV95cUxNN25wV2ZwYk9ESjhEMGdsY1N4dXdSV2FBTUo2R21EX0JoODBvWlhTcVJ3TmtDdW5veDVucFZwS0V2M0Z5VGJsLVQ3MDJWQUpISFgtb1p6aWI0ZnE2MVdjTU8xXzZuclIwQ3ZGRVBCYl9jWXJjeURoNW9UM2hHay1uOElZSENqalFVWndUYV9xUjRnQ284QkpDSnJZNENHOHRfMnhDSnlSbXRzQdIBrwFBVV95cUxPNWZVaVhpYWZHQmVuT1ZWMUt1eTN6VjE1YnE5VC1wWWo0UE4xUG1BSmduNnBZckhtZE5ZTUFkQjdXa3dQS21JMHlIc015cEhsdkVfRzRsSU9YN3owcWFOcWNQQWJTcmxLcjJlYnRUYkd5UFBVclVVODdhVGQ0RTZVZjJDZlpiUWNQWjllcDBVcFQ0WW9qQ1dNNVY2TDNDeS11cU0xN2lNNHdnSG5mckE0?oc=5) · BleepingComputer
- 2025-10-12 [Police issue warning after skimmers found at MSU Federal Credit Union ATMs - WXYZ Channel 7](https://news.google.com/rss/articles/CBMixwFBVV95cUxQUkpfYk1pUHdxVDgyZ3ZQZTM0WTBfTnpLM0xTaTk2UDhmbVZSSFJYSm5hLWVpQlItdEJPZjcwNXNqVWE2ZDJlcFRjQ0psOW8wNHhqTkFQaVJoZXNYaGYwTm1Ua3hheFdyZk9NOUdPNjQxRVNjUlNpUVFQSW1pWkpGWnkyNXJPN203anZKTnVkRmVmWE5nVW9rdGthR0tiUWp3RUdrNW5nSDNJVS1PeHhpM3I3MldRdkdCSGl5RHdWVkktRkFDdXNF?oc=5) · WXYZ Channel 7
- 2026-02-05 [Former Colon credit union teller gets prison for embezzling over $100K - Coldwater Daily Reporter](https://news.google.com/rss/articles/CBMizwFBVV95cUxNN0JSRG9xV0NHSGwxbG40LTNTOTRfMHdQSGVDQ25uME91TWxMb1lWcC1ncTdqMkg3RDQ3ajVscU9GaDRGM0hoOHBfY1F6ZlExTENOeEoxU1JWc3JHQUpQR25aNjI0Y1AyMWFXVFdPdXVZc2xHd094RTk4bEFnd2Vza1UxdWNBdUd1ejM0YkN4Z2FQUXpCbzd3bmZYa0NMdmw2UGdfTHR3VGhfSnFmYkhMSEt0dnpxdDV3UkpTOWZEWkRFX3VwUnVIVnFvc3U3RXc?oc=5) · Coldwater Daily Reporter
- 2026-07-29 [Reseda Group, Stickley on Security partner to bring cybersecurity education directly to credit unions - CUInsight](https://news.google.com/rss/articles/CBMi2AFBVV95cUxNb1JYVUs4MmlVdHB4SU54Z2NnWl93OFNCaXQyY0tHbG9CT2tpeGo5X2YzZVVhS1hudEI1Q3JFR29INUlUVzZxUWp6OHVzVlFGd01xQVk1LXhuMm5lNkJLWFpWaUEzYXhhWXZzTXB5UGxXQXRDWjcyWXpmREpkeEVXcE5yWC1XWC1mRHdDeVl4MkVKeUxSTTd2OGR0WDBBRXozTEJHS2t4TXA5LTNsMHFRU0ZjR0hweGJlSkgzT0tBS2JjaUw1SjYwY2FOdVM0SXhhb3plUGxMMUk?oc=5) · CUInsight

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=61159 (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/39.json (key "61159", 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=61159
- 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