# CREDIT UNION PLUS
BAY CITY, MI · NCUA charter 61296 · asset band <$50M · latest filing 2016-12 · stopped filing after 2016-12 (departed; for a credit union that is almost always a merger)
Share link (named URL with a preview card): https://getbookiq.com/cu/credit-union-plus-61296

Who the members are: state charter, organized 1963, low-income designated. 5,080 members of 15,000 potential (33.9% of the field); checking penetration 44% (share draft accounts per 100 members); loans per 100 members 42.

**Verdict on the desk:** this could be *liquidity-rich*. 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 | $40.9M |
| Members | 5,080 (– YoY) |
| Full-time staff | 15 |
| Net worth | $4.5M |
| Net worth ratio | 11.0% (p37 of band) |
| ROA (annualized) | 0.68% (p82 of band) |
| Total delinquency | 4.75% (p91 of band) |
| Net charge-offs (annualized) | -0.01% (p9 of band) |
| Loans / shares | 56% (p49 of band) |
| Cash / assets | 8.0% |
| Borrowings / assets | 0.00% |
| Net interest margin | 3.28% (p61 of band) |
| Operating expense / assets | 3.74% (p60 of band) |
| Vehicles % of loans | 14% (p10 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 0% |
| Third-party paper % of net worth | 0% (p45 of band) |
| Vehicle delinquency | 0.69% (p51 of band) |
| Vehicle NCO | 0.23% (p60 of band) |
| Repossessed % of vehicle book | 0.00% (p44 of band) |
| Real estate % of loans | 71% |
| Credit cards % of loans | 4% |
| Unsecured % of loans | 9% |
| Commercial % of net worth | 0% |
| Core shares % of member funds | 75% |
| Certificates % of member funds | 10% |
| Average share balance | $4,079 |
| Participations bought / yr | $0 |
| Participations sold / yr | $0 |
| Participations outstanding | – |
| Loans outstanding per 100 members | 42% |
| Loans granted per 100 members, annualized | 13% |
| Average loan balance | $9,362 |
| Loans granted, annualized | $8.4M |

## Flags firing in the latest filing

- **delinquency 2x band** (`aq_dq_high`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 2 | losing money, delinquency 2x band |  |
| 2016-06 | 1 |  | losing money |
| 2016-09 | 1 |  |  |
| 2016-12 | 1 |  |  |

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

- 2026-09-04 [Financial Plus Credit Union Breaks Ground on New Holly Branch - WSMH](https://news.google.com/rss/articles/CBMioAFBVV95cUxNWEpFWVJmYWtobVdXWjYtLVNrVmVMeG5hWkpZMjNNbnhKVGo5dkF6dUZJMlpjdXR2dU9RaXFHeWNBX1FkMDFsVU52aFVDNmpZUExFOG91eGoydkFlU0gtVlM4d21wTUZaTDUxU0FrYzNTbS1OMkNqVUs3RTA5WjZiZ2Zodllqa2hQSTJDYkg2Q1hxVDlmWFhzaXhKb3lsY1FF?oc=5) · WSMH
- 2026-07-24 [Financial Plus Credit Union opens Bay City East branch - MLive.com](https://news.google.com/rss/articles/CBMisAFBVV95cUxPS1ZKT0RNX1dER0FZQUg2VXh0UnhYSmNod19kbUhFMkRjQ1g2RXRfUlpRSktEZFROR2Rzd2cyU2czdXdIUGtXaTRqLTZ2QnRrOVotTVdoRko1VDFvS205WWt0dHRmSGljSmN3VTlHb2VOMnFhbTY2Slh6VG15c25WUEZhb2FUZnRaQUwzRVFXLVhLVjhsVlhPekxJNWRBUjhYSkowU3ppQktBZG1vbXpiLdIBxAFBVV95cUxQN3FRdU54VlNqUVZOUklLSC1GNVU4RF9wRmtNbkJwelB1bWVCNlVFZEhMbGtya2hEYnJManBpWDVnN3hNLWlJOEJaLVpPdExrVmVJN3BaaTlWTkpoV2QzUERENjctS1diUHlmNDVmUE9QY0VUVjcyZ3R2WDJPMHYtb1dwWmJFQVItdzFrUlpHRTBWYnF3bUktRnNqcl9vbjRpMGRrLWRMcXVBNVlHUmNzMERkM3RwdmhRX2xRZ2FFc3ZjMEQw?oc=5) · MLive.com
- 2026-03-04 [New credit union locations across mid Michigan - WNEM](https://news.google.com/rss/articles/CBMijgFBVV95cUxPalBPSG9ZYTJxeDZWTHVSN3BKLXQzRGxEN0dHNXV6Ykt5UUFYeFZ5dEdFdU5IbUZmR1FVcmJzZVh1MmVDYzBubjUtZ3M2MVMwYW1KT2ZUWHgzZ3YyRDIyWU82TkN4OV95MXowbUlrSHYtSHpKSXhxeTlUa2NLY3NKMG1sbndQcHJtckkzb3Vn?oc=5) · WNEM
- 2026-07-27 [Bay City library revitalized into new branch for Financial Plus Credit Union - WSMH](https://news.google.com/rss/articles/CBMitAFBVV95cUxOazhwWmt6TU80bHFVWnh2dXRuMkVZaEdIYmkwOFVYQVRURWxXWUllb1NsV2EwQlFUSmdOWU96QXZidEhfMFk3eTc3bmNyaUJZYWFqd3E0ZnYybTlZci1Dd3BHTFlIeUNOUXFYSGZuemg0OWQ2VzREQktEMTl3ZGF5dWpIaENCbFQtMEk1SWl6YkNQdnN1REktcmwtajFUX1hRcGlSOWFtbVZUcVVPN1J4WVk5eUU?oc=5) · WSMH
- 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 &amp; World Report
- 2026-03-18 [Members First Credit Union hosts groundbreaking in Bay City - abc12.com](https://news.google.com/rss/articles/CBMi3gFBVV95cUxQSUIweG9mRWZQS1ZyMkU2U2FkUFpYZHY1SDBzWm1vUzVfNlcxQk5TLVlTMEducjhndi1USXB4OFJaZ2xYbGx6MHdlbFI1ejA4cWFvTDVyNGlPbFNkZjFjNWdGYnNDMTlZVzdxZjQ2MXNaWEZ1ZENiNjU0ZzB2ZnRyTy1MYjZXNmoyV001Y0RKUUhLdHZPM3RDbjJxZmZZQlJfeWFlbm4zaG5Kc0wxbEN1N3lUS0lUdXk4VEhRaXVQYUE2R2ZEOWxYLTVIMkN2OGpuQlNuVWtJd3VZNzVWSGc?oc=5) · abc12.com
- 2026-04-01 [Business News & Notes: Insurance honors, credit union growth and AGC awards - Midland Daily News](https://news.google.com/rss/articles/CBMijwFBVV95cUxQWDhSU2VHeHlBR291ZG1ybzc0UThzRDNzVjgtZG9qZnBBYXRSQVBaUVB4S3I2UzVpbDY2ZnlKNG5nSGlDRHVzd0hZa2R3d1ppSlRaTWVMWnFjRGFoVmFRVjBIYWw2a3NKOFc4d3JxaENDa19hZ1RoZXVlc0R0b0xzWkx3TXY5a2Y4SUxZXzFKNA?oc=5) · Midland Daily News
- 2026-02-25 [Financial Plus Credit Union employees raise record $65,000 for United Way - MLive.com](https://news.google.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?oc=5) · MLive.com

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=61296 (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/48.json (key "61296", 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=61296
- 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