# AEROQUIP
JACKSON, MI · NCUA charter 61405 · asset band $50-100M · latest filing 2026-03 · live
Share link (named URL with a preview card): https://getbookiq.com/cu/aeroquip-61405

Who the members are: state charter, organized 1949. 3,954 members of 1,206,178 potential (0.3% of the field); checking penetration 63% (share draft accounts per 100 members); loans per 100 members 72.

**Verdict on the desk:** this could be *ordinary*. 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 | $52.3M |
| Members | 3,954 (0.1% YoY) |
| Full-time staff | 14 |
| Net worth | $8.2M |
| Net worth ratio | 15.6% (p74 of band) |
| ROA (annualized) | 0.17% (p20 of band) |
| Total delinquency | 0.81% (p63 of band) |
| Net charge-offs (annualized) | 0.86% (p86 of band) |
| Loans / shares | 65% (p56 of band) |
| Cash / assets | 9.3% |
| Borrowings / assets | 0.00% |
| Net interest margin | 4.26% (p81 of band) |
| Operating expense / assets | 4.47% (p78 of band) |
| Vehicles % of loans | 34% (p35 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 59% |
| Third-party paper % of net worth | 69% (p79 of band) |
| Vehicle delinquency | 2.04% (p90 of band) |
| Vehicle NCO | 1.38% (p89 of band) |
| Repossessed % of vehicle book | 0.00% (p38 of band) |
| Real estate % of loans | 51% |
| Credit cards % of loans | 5% |
| Unsecured % of loans | 11% |
| Commercial % of net worth | 0% |
| Core shares % of member funds | 75% |
| Certificates % of member funds | 5% |
| Average share balance | $5,725 |
| Participations bought / yr | $0 |
| Participations sold / yr | $0 |
| Participations outstanding | – |
| Loans outstanding per 100 members | 72% |
| Loans granted per 100 members, annualized | 8% |
| Average loan balance | $10,009 |
| Loans granted, annualized | $5.8M |

## Flags firing in the latest filing

- **net worth falling** (`cap_falling`)
- **delinquency rising** (`aq_dq_rising`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 0 |  |  |
| 2016-06 | 1 | losing money |  |
| 2016-09 | 1 |  |  |
| 2016-12 | 0 |  | losing money |
| 2017-03 | 0 |  |  |
| 2017-06 | 0 |  |  |
| 2017-09 | 0 |  |  |
| 2017-12 | 0 |  |  |
| 2018-03 | 2 | losing money, delinquency rising |  |
| 2018-06 | 0 |  | losing money, delinquency rising |
| 2018-09 | 0 |  |  |
| 2018-12 | 0 |  |  |
| 2019-03 | 0 |  |  |
| 2019-06 | 1 | delinquency rising |  |
| 2019-09 | 1 |  |  |
| 2019-12 | 0 |  | delinquency rising |
| 2020-03 | 1 | losing money |  |
| 2020-06 | 1 | net worth falling | losing money |
| 2020-09 | 1 | delinquency rising | net worth falling |
| 2020-12 | 2 | margin squeeze |  |
| 2021-03 | 4 | net worth falling, losing money |  |
| 2021-06 | 3 |  | delinquency rising |
| 2021-09 | 2 |  | net worth falling |
| 2021-12 | 2 |  |  |
| 2022-03 | 2 | net worth falling | margin squeeze |
| 2022-06 | 1 |  | net worth falling |
| 2022-09 | 1 |  |  |
| 2022-12 | 2 | delinquency rising |  |
| 2023-03 | 1 | assets shrinking | losing money, delinquency rising |
| 2023-06 | 2 | delinquency rising |  |
| 2023-09 | 1 |  | delinquency rising |
| 2023-12 | 1 |  |  |
| 2024-03 | 0 |  | assets shrinking |
| 2024-06 | 1 | delinquency rising |  |
| 2024-09 | 1 |  |  |
| 2024-12 | 1 |  |  |
| 2025-03 | 2 | assets shrinking |  |
| 2025-06 | 1 |  | delinquency rising |
| 2025-09 | 0 |  | assets shrinking |
| 2025-12 | 1 | delinquency rising |  |
| 2026-03 | 2 | net worth falling |  |

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

- 2012-10-23 [Man wanted in Oct. 8 Aeroquip Credit Union robbery arrested in Benton Harbor - MLive.com](https://news.google.com/rss/articles/CBMihAFBVV95cUxORGhkd3REUWQ1NTZIMWVNVHkzbEVqeEEzWWNGV2l4U292b3lqRklrUkppUHYweGdWdUpkMk5DbWpxQldnbld5RWdTS2NmVUYzVV85WDFuRXZWWXlHRFlXVWltNVYzcnNTOG93WjBURnhGTHFUeml6Z252ZU1RUng1QXM1NjE?oc=5) · MLive.com
- 2019-04-01 [Website Inaccessibility: The New Wave of ADA Title III Litigation - The Federalist Society](https://news.google.com/rss/articles/CBMingFBVV95cUxNeDlkRWd1cUtITEVJUzc2dUdIQi1hMklaSjJkQ2RzTmVjby1mN0hkb1prdF81bjVtbmdnMWZtMUF6UXJnNDdydmNGaEM3ZTU2VWd4cUVWZm9kSXd4bE1aaUhqMU1yQk1MbnljbjhLY0xoeFhaTzhoMnhWN0tGS0NzeFFJYjljbGgyRVlpV1lLWGloVGxaSFR6U2h0ZUVqQQ?oc=5) · The Federalist Society
- 2021-10-09 [Delores Colvin Obituary (2021) - Jackson, MI - Jackson Citizen Patriot - MLive.com](https://news.google.com/rss/articles/CBMijwFBVV95cUxNQ3E0Rm9ma2JWTE9CWVlqTngtUWlNU0htN2VQU0JrTlRqaUVXTmVpRmdPcVZJY1JTZXZGdE5UWXlZYmxBZXdXSFdTUF9JWXlHTG82WWR4dnNaSDk0S2NlZE9DUnkzZXMyb1hFRkJ3SVBnYnRoXzVBdVI0bHZKSHVrc2MxMDVFM0lHenM2OTN3VQ?oc=5) · MLive.com
- 2019-08-20 [Phyllis Conant Obituary (1920 - 2019) - Jackson, MI - Jackson Citizen Patriot - MLive.com](https://news.google.com/rss/articles/CBMijgFBVV95cUxOdlNhLTlvMkt3ZHEtUENFbEJKRndwbU84TGZTMkRLSERhWFkyX3d1UUNpSEtqcE84Z1JiMTRUbFdoUjJKVHhkTk1UaEFKT1lyZXgxdVRWb1NCTzZadEZ5YzhIY0diRXU4RGI2OTlxQkxaQXJqVkY5Rkd6SWdFMlhTWWtmT1FpSE44bi1sX1hR?oc=5) · MLive.com
- 2012-10-10 [59-year-old parolee arraigned on armed, bank robbery charges in connection with Aeroquip heist - MLive.com](https://news.google.com/rss/articles/CBMigwFBVV95cUxPX0N6cTNJM2hPbGNGWXBoSlJmaXhxRUx2TDJKVGRSNEpUQWUwdUstb3VUaHRmdTh1T1d3UExOcXIxcEtuUzM5a05vaG13dWJDbUxxaEhxQVQ2XzVhNHltN2twRTNQbkhMVDFnVC1xRmpLWkxBTXZ0b3lYNjVkenNyMTNYMA?oc=5) · MLive.com
- 2016-04-17 [Betty Orlowski Obituary (2016) - Jackson, MI - Jackson Citizen Patriot - MLive.com](https://news.google.com/rss/articles/CBMijgFBVV95cUxPcUp1VlN4NENybGtkYklwbFEyb2pyRnJfTkhzUTJLQTROUTB0TEc5a1hZMDYzVXA0NHlTTUstLUZMZXROZnAwMGlfNFBxZkhuTGY5aFNIU2RqdjMxNTlyTzJtbHpHRHJKMlNqUXZfZ1RSN01obUpKLWE5ZC1ubnR2d25rOGJhMWdLck1qRkFn?oc=5) · MLive.com
- 2013-05-15 [Man, 22, sentenced to five years probation for unarmed robbery, allowed to serve remainder of jail sentence on tether - MLive.com](https://news.google.com/rss/articles/CBMihAFBVV95cUxQY3l1SWVST1NNbXNrcTZSNWY1ZURvbUkxU1NjVWdFaVhLM3BIM1A2NVlTNVBoRjB1S25fMGpSdnhmeTAxaEJGNGhYTHJERzFPOWRTZVlpdGxDRUNhTWZKNkVpUmptUzZMalpHYVVOcDRaZFAxUEFhR0p6bFRYNDVxSmJPY2g?oc=5) · MLive.com
- 2006-08-20 [Kaitlin Nelkie Obituary (2006) - Jackson, MI - Jackson Citizen Patriot - MLive.com](https://news.google.com/rss/articles/CBMijwFBVV95cUxQRVVET0RlRmJaNnpwU2ZNLWQ3TjJKOGdlTXI3emNhcWN5aGRiNXY5YzRfeDBuZHBXV2szbk01aGhZekFtYUhKZ1R3aXFaTjJabVZESXNDR0N0LVZZdHIwOTFXU0pEbDZ1LTlDcVpvUFFkX2EwQklSeE1OZ2VmQWVIbFNXYkRiSk45WVg4c0FQYw?oc=5) · MLive.com

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=61405 (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/29.json (key "61405", 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=61405
- 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.

---
Rendered 2026-09-10 from the desks' own data files. Full guide: https://getbookiq.com/guide