# KALSEE
Kalamazoo, MI · NCUA charter 61219 · asset band $200-500M · latest filing 2026-03 · live
Share link (named URL with a preview card): https://getbookiq.com/cu/kalsee-61219

Who the members are: state charter, organized 1954, low-income designated. 21,952 members of 821,715 potential (2.7% of the field); checking penetration 70% (share draft accounts per 100 members); loans per 100 members 66.

**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 | $293.3M |
| Members | 21,952 (-0.1% YoY) |
| Full-time staff | 84 |
| Net worth | $30.3M |
| Net worth ratio | 10.3% (p34 of band) |
| ROA (annualized) | 0.69% (p50 of band) |
| Total delinquency | 0.26% (p18 of band) |
| Net charge-offs (annualized) | 0.50% (p62 of band) |
| Loans / shares | 85% (p76 of band) |
| Cash / assets | 6.5% |
| Borrowings / assets | 0.00% |
| Net interest margin | 4.04% (p78 of band) |
| Operating expense / assets | 5.06% (p94 of band) |
| Vehicles % of loans | 43% (p68 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 82% |
| Third-party paper % of net worth | 258% (p88 of band) |
| Vehicle delinquency | 0.30% (p26 of band) |
| Vehicle NCO | 1.18% (p76 of band) |
| Repossessed % of vehicle book | 0.00% (p25 of band) |
| Real estate % of loans | 32% |
| Credit cards % of loans | 6% |
| Unsecured % of loans | 8% |
| Commercial % of net worth | 67% |
| Core shares % of member funds | 62% |
| Certificates % of member funds | 12% |
| Average share balance | $5,121 |
| Participations bought / yr | $8.6M |
| Participations sold / yr | $0 |
| Participations outstanding | $9.4M |
| Loans outstanding per 100 members | 66% |
| Loans granted per 100 members, annualized | 12% |
| Average loan balance | $15,491 |
| Loans granted, annualized | $78.1M |

## Participation posture (from the same filings)

Bought $8.6M and sold $0 in the latest annualized quarter; $9.4M outstanding purchased (31.1% of net worth), $0 sold and retained. Sold in 7 and bought in 7 of the last 8 quarters. Shares 1.8% 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 | delinquency 2x band, 3rd-party paper>100% NW |  |
| 2016-06 | 1 |  | delinquency 2x band |
| 2016-09 | 1 |  |  |
| 2016-12 | 2 | charge-offs p90 |  |
| 2017-03 | 5 | net worth falling, losing money, expense trap |  |
| 2017-06 | 3 |  | net worth falling, losing money |
| 2017-09 | 2 |  | expense trap |
| 2017-12 | 2 |  |  |
| 2018-03 | 1 |  | charge-offs p90 |
| 2018-06 | 1 |  |  |
| 2018-09 | 1 |  |  |
| 2018-12 | 2 | loans>95% of shares |  |
| 2019-03 | 2 | net worth falling | loans>95% of shares |
| 2019-06 | 2 |  |  |
| 2019-09 | 1 |  | net worth falling |
| 2019-12 | 1 |  |  |
| 2020-03 | 1 |  |  |
| 2020-06 | 3 | net worth falling, margin squeeze |  |
| 2020-09 | 2 |  | net worth falling |
| 2020-12 | 2 |  |  |
| 2021-03 | 3 | net worth falling |  |
| 2021-06 | 1 |  | margin squeeze, net worth falling |
| 2021-09 | 1 |  |  |
| 2021-12 | 2 | net worth falling |  |
| 2022-03 | 2 |  |  |
| 2022-06 | 1 |  | net worth falling |
| 2022-09 | 1 |  |  |
| 2022-12 | 2 | expense trap |  |
| 2023-03 | 4 | delinquency rising, members leaving |  |
| 2023-06 | 4 |  |  |
| 2023-09 | 3 |  | members leaving |
| 2023-12 | 3 |  |  |
| 2024-03 | 2 |  | delinquency rising |
| 2024-06 | 3 | delinquency rising |  |
| 2024-09 | 2 |  | delinquency rising |
| 2024-12 | 3 | members leaving |  |
| 2025-03 | 5 | net worth falling, delinquency rising |  |
| 2025-06 | 3 |  | net worth falling, delinquency rising |
| 2025-09 | 3 | delinquency rising | members leaving |
| 2025-12 | 2 |  | delinquency rising |
| 2026-03 | 2 |  |  |

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

- 2024-09-23 [Kalamazoo man faces multiple charges after Saturday robbery of Kalsee Credit Union - wwmt.com](https://news.google.com/rss/articles/CBMi8AFBVV95cUxQUTRKM2x3Y0RtTXppRnRsamc1Vmo0UzBqc29QSnBoZDFhcGhNc203Y0UzV0ZVNnpuOWR4VmVmeHQ1dHd4YmxQUVZ5SlBZbi1uWDNjS0tBLU1QSnhMMU54aWRlUUlfVjlNa3N4Mkt1dk5hdENLaWRpSXZzaDRUTU0yNm0yWV9RLVNYeEpIbGt2ZHpUNl9LQXBjOU5iaW1waTdhYlFRdDU2cG5mUTV1ZGxrRW0xX2lXNGVPMXQyM3NLeDZ6QmprdlYyaV9FdGpmemppbXg5akphdXRNQkpJY0o2Sk45VjI0TURfclptaWJ5Uk0?oc=5) · wwmt.com
- 2025-04-10 [America’s Best Regional Banks and Credit Unions 2025 - Newsweek Rankings](https://news.google.com/rss/articles/CBMijwFBVV95cUxQTmlpWENXaXkzbXJ1U0VzOTBDOTNWVnlhX01aMDZWakRoZE5pbFcySWNvX2xqa0daSUhCb0JkUC1hd0lyRTVaUzlRb3BYU2l4WE9Ucnl3dmw1ekN6dUlKbVdvWGRtbTZUREdtRXZVVEhyYlVxR0Y3RldVaG8xaVRzMGdDQXBsUUowTXdrSEc2RQ?oc=5) · Newsweek Rankings
- 2025-07-30 [Kalsee Dome at Next Level Sports Center - MLive.com](https://news.google.com/rss/articles/CBMia0FVX3lxTE03eC1xQ0c1SGhxWHpYSlZ5TFRDYmtEcFlRdXp5eHQ3eEdjN25CaXlUZ0lwWktNM0sxc3JlX3kxUkdFX0trV3ZMT3ZobjFKMVBpMldqWWJLRTkyY2xTMXd5UHRLR3BRbnVaRU5N?oc=5) · MLive.com
- 2024-04-09 [Volunteers use recycled turf to build wiffle ball field in Kalamazoo - wwmt.com](https://news.google.com/rss/articles/CBMiiwJBVV95cUxQMjVQVjhYM0IxbmJFbkphb2pESkpVbHc1TElkSzhnMGxRU1QzM0FUdlE5Mlk3ZW1ZbWxHV2drZU5ocU16M0dPc3FaS3Q2bzZCZk1WcDNJWnQxN242Z2Z1TTNQUDdpcDV5Mll6bmZwYXl1WkpxeVlmV3BBUTdKVV9jakk5d1ZyMW8zS0NVT1FKVkk2aXQzMkJtTkRkeTVXR09KZ1hod20yaWd1bVowY3p2cWdKby1PajBhWHhOV0FMX25XR0xDeUQza3ZZaF9lUGdwdGhPaUZ1RTd5anY2R09jbzEwam92VTF6bHhiZHhqRkVMUno4ODVZTEZqVFlrM3dEenNUUDc3N1ZYMFU?oc=5) · wwmt.com
- 2026-06-25 [Donna Heighton - legacy.com](https://news.google.com/rss/articles/CBMigwFBVV95cUxPd0g0bTBTOE9nYlc0YUg2TGRmTXBneF8yMGdvZ2NITjJsY2R1SmtnQ1FLUHZMeDJqWk11NFBHem05Q0tWMVp5WmhWdWlLd1IxVGEyRnU0bm92QUlFeno3ZkJhaXdPS01QV2JIZUM2NDJRT1ZlLVJfa0sySzVpcy1nRkVpZw?oc=5) · legacy.com
- 2012-01-28 [Obituary information for Trudy Thinnes - Langeland Funeral Homes](https://news.google.com/rss/articles/CBMic0FVX3lxTFBibGp3cExyLW1YRks4d0R3c0twQk9kRDZ6aGU5VkNqZVR0dXlkdzhzRVJESXQtSFBtWkhkUTNWRXRrOTl5VUZudl9jYnlCOWh3MEh1MHhFSU9rSWstZlNIWWxKeURId1AxZ3hJc3ZCNGJFRjQ?oc=5) · Langeland Funeral Homes
- 2025-07-30 [Popular Kalamazoo County sports dome unveils new name - MLive.com](https://news.google.com/rss/articles/CBMipgFBVV95cUxQSWgweDZsNjlsYUpPTlY0R3FxdGlSbk9CWGZ1QVVpVVVGdUVwMlAwLWZLTTNzSE9DWmhES1pRM25UcG1rNE5pdVJ3TFdIYWMtOUNKQS1yZE84Uk13WTRWMVllak9QaEwtVHZocjFNeTl3Q1Vuc05JZFAtUktkQVR2b1Y4UFVxWm9lajV3cWotX0NlcHNENWdIRVVEbk5ZREg0MGtjRm9n0gG6AUFVX3lxTE12eEF5NnFrWHRnclNHZlU4WF9ERWRvbEdMNXhoRlRpTlBvNTFxLXc3OHFmM1FhZG1uT1U3VUhaVnBjTS03T21LQ185bFFOZHFMNnk0UFdrVkhXOWRGdzloWFg4djh0ZXgxU0c5Q2FQeDlBZk9JOWtUbGpYMW8wRG8xM3g5SWdtMHU1VGhCQk9ZUlIta29UQ2U4MlFkY0VKcWF3al9sVUpSdjhuNXhONTZBZjc2OFpyWHN0UQ?oc=5) · MLive.com
- 2018-07-24 [Police release photos of suspect, getaway car in credit union robbery - MLive.com](https://news.google.com/rss/articles/CBMiigFBVV95cUxPRzg4dWF1SVdfMFVPMzdZS3I5NDM5TW53bGY5MHZPalZIQlM3Q0ZoUkdudEp1Vko3ZG9nTUxqRHNaSWFZb1RmY1VkLWNJN1U0WGxENGtzcDJCQldaT3FudmY4b2F2TGxRU1hpdlNObE1GT1hreHdvQTBWQWNoUUR1R2ZfbG1EQ1dNSnc?oc=5) · MLive.com

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=61219 (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/35.json (key "61219", 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=61219
- 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