# CHIPPEWA COUNTY
Sault Sainte Ma, MI · NCUA charter 61416 · asset band <$50M · latest filing 2023-12 · stopped filing after 2023-12 (departed; for a credit union that is almost always a merger)
Share link (named URL with a preview card): https://getbookiq.com/cu/chippewa-county-61416

Who the members are: state charter, organized 1955, low-income designated. 3,180 members of 13,000 potential (24.5% of the field); checking penetration 100% (share draft accounts per 100 members); loans per 100 members 60.

**Verdict on the desk:** this could be *liquidity-rich*. 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 | $37.2M |
| Members | 3,180 (-3.3% YoY) |
| Full-time staff | 10 |
| Net worth | $4.2M |
| Net worth ratio | 11.3% (p34 of band) |
| ROA (annualized) | 0.76% (p61 of band) |
| Total delinquency | 1.60% (p73 of band) |
| Net charge-offs (annualized) | 0.41% (p70 of band) |
| Loans / shares | 56% (p42 of band) |
| Cash / assets | 4.4% |
| Borrowings / assets | 0.00% |
| Net interest margin | 3.58% (p54 of band) |
| Operating expense / assets | 4.60% (p79 of band) |
| Vehicles % of loans | 45% (p28 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 19% |
| Third-party paper % of net worth | 38% (p92 of band) |
| Vehicle delinquency | 2.08% (p81 of band) |
| Vehicle NCO | 1.34% (p93 of band) |
| Repossessed % of vehicle book | 0.00% (p46 of band) |
| Real estate % of loans | 33% |
| Credit cards % of loans | 6% |
| Unsecured % of loans | 9% |
| Commercial % of net worth | 0% |
| Core shares % of member funds | 76% |
| Certificates % of member funds | 7% |
| Average share balance | $4,064 |
| Participations bought / yr | $0 |
| Participations sold / yr | $0 |
| Participations outstanding | – |
| Loans outstanding per 100 members | 60% |
| Loans granted per 100 members, annualized | 15% |
| Average loan balance | $9,602 |
| Loans granted, annualized | $5.6M |

## Flags firing in the latest filing

- **delinquency 2x band** (`aq_dq_high`)
- **members leaving** (`shrink_members`)

## 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 | 3 | net worth falling, losing money |  |
| 2016-12 | 3 |  |  |
| 2017-03 | 4 | members leaving |  |
| 2017-06 | 2 |  | net worth falling, members leaving |
| 2017-09 | 1 |  | losing money |
| 2017-12 | 2 | assets shrinking |  |
| 2018-03 | 2 |  |  |
| 2018-06 | 1 |  | assets shrinking |
| 2018-09 | 1 | assets shrinking | delinquency 2x band |
| 2018-12 | 1 | delinquency 2x band | assets shrinking |
| 2019-03 | 0 |  | delinquency 2x band |
| 2019-06 | 1 | delinquency 2x band |  |
| 2019-09 | 2 | delinquency rising |  |
| 2019-12 | 1 |  | delinquency rising |
| 2020-03 | 0 |  | delinquency 2x band |
| 2020-06 | 2 | net worth falling, members leaving |  |
| 2020-09 | 0 |  | net worth falling, members leaving |
| 2020-12 | 1 | margin squeeze |  |
| 2021-03 | 3 | net worth falling, delinquency 2x band |  |
| 2021-06 | 4 | delinquency rising |  |
| 2021-09 | 3 |  | net worth falling |
| 2021-12 | 3 |  |  |
| 2022-03 | 2 |  | margin squeeze |
| 2022-06 | 0 |  | delinquency 2x band, delinquency rising |
| 2022-09 | 1 | delinquency 2x band |  |
| 2022-12 | 1 |  |  |
| 2023-03 | 3 | charge-offs p90, members leaving |  |
| 2023-06 | 0 |  | delinquency 2x band, charge-offs p90, members leaving |
| 2023-09 | 0 |  |  |
| 2023-12 | 2 | delinquency 2x band, members leaving |  |

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

- 2023-06-29 [Local credit unions propose merger with U.P. Sate Credit Union - sooleader.com](https://news.google.com/rss/articles/CBMiqAFBVV95cUxOdmstY3FoYlhVWUlPam04Mktxa2ZJX0F1Y3ZyeVhGQmc3RlZmVVdFVm1tODhIeVp4Q3RZeTF5LWUzdVhEMHRiT1dZRnY0ZmQ5YXZtby13ZWNVbDV3SGtyQ0lCZ0RaSU5hZDYtWVpWWGJKS2FPUkp0V1Eya3NNSy1ENkpBak8xUW5PWGllSWp3amVoVlB2U2FkcEdRblBNS2NMeGo4R3JyczQ?oc=5) · sooleader.com
- 2021-07-17 [CCCU announces second recipient of “Unsung Hero Award” - sooeveningnews.com](https://news.google.com/rss/articles/CBMitAFBVV95cUxOWkUxVFJXd01kRnhldldmTGplT2ZfTFY2cC1Nc3ZCOGxiXy1aNEwwWXF5cmFGdjVHUlhpRFhodGJlRXFCME11d251ak9EdENab1ptdXFzMEU3UEJHVElWWTBqLXN4SnpLYW9iT21vVTh2ekxTbE83ZXdwWjNoeVpnX19hbnJKNVBIbWhncWotMTJCREM1eTYyUVlla1JUSW02NGdQZGdCamw3Y2pqQUNBVldwQzY?oc=5) · sooeveningnews.com
- 2022-03-04 [Fourth recipient of Chippewa County Credit Union's Unsung Heroes award announced - sooleader.com](https://news.google.com/rss/articles/CBMiwgFBVV95cUxPbG11ODJiTWtoZVhQZC1vMGJNWGdCX2hHeXRGTjMyMUM3Y3JnMmxsdm43NWVZX19MYk8wNGpCQmdrbFFUUV8zWUdNTjVhM2ZMVFpHTFozYl8xT3hyUnZPWWdpV21Lem5ndlRVVzQwUTB2VGtvNW9mcDduUGI1emZnRk1taEVFRG1JVTgwZy13cWwwRWRGWWs5cDM1S2NIWnhTWmZDLWpVRTV1TkZFT2ZuaFY0dEZ0c3I4aktQVC1RdS1lUQ?oc=5) · sooleader.com
- 2022-01-05 [Manistique Emeralds compete, win in High School Bowl tournament - Pioneer Tribune](https://news.google.com/rss/articles/CBMipgFBVV95cUxPUDVLTnJqYUVKRW5XdVo0TGkxc0VHNzFnbUpONW9kQUM5OWlJMkxMLWk1eDFsVm1uWDEyV1JOV1Y0VVZ3V0E0X0RfNXZmSjFocUhtZm1GT3FFWmtTZG9GakZiaWVCS2J1NTktTG1mWG4tTDhnRlB3N0ZGT2k2em4wM3pJWjFnOVRTVUtFNVE4ZXpFT2hydzNvTHFaQXlRTjdhX0xPS1h3?oc=5) · Pioneer Tribune
- 2018-11-25 [Carney competes in HSB - ehextra.com](https://news.google.com/rss/articles/CBMinAFBVV95cUxNc0dTWG4wb3MxaktJZVQ2TGtDZkp6aE5XQWFibDI5bm12NzE0NlFsaWlWcnlCTzIwY1J1VTBsSERYQlJtcDdrdmdyWmZhbHg2eEpYRXBTRXZXcGQtUzdYaEhKQWN4QjhwUVFhMTJ4XzhyTmFmVFdkcEZQWk45TjlrYVQ4enJtcEtCOFM1a2RFLXZiWG5Uc2dTQl90c1c?oc=5) · ehextra.com
- 2016-08-13 [List of banks that support Apple Pay in the United States - 9to5Mac](https://news.google.com/rss/articles/CBMie0FVX3lxTE15UkVmX3k3aURqZXBKcFZCVTJuMEEzWTlLUEpQRDdTR25DQ2lPVXZGeEYycEVZcXl5RThsdlg3aUV6WHZFdWIzWDBUR2ZsT2FUcG1JWU5mbzJ3bVRUT0NjaEFFQXJaV0o1RklzdW03bzN2MXJoV3B1aFhEWQ?oc=5) · 9to5Mac
- 2023-01-04 [Unsung Hero Award winners announced - sooleader.com](https://news.google.com/rss/articles/CBMihwFBVV95cUxNN3ZBUzFvc09WX0M1Z3VLX3RidnN6bEpqY0tHRUpmbFFHWEdobV9ZYXZTcmp6eGI1QWtoaTBYMktuaDlkaTZ6SnpHdzBQSDRVWU0wV0pHU0VKNUM3MDRJemM3Tm04RENDalpvQ25PTzJJN0RZQllkT18tQnQ3NUxWZFZYNkdtbGs?oc=5) · sooleader.com
- 2021-08-24 [Aaron Connor Lasecki Obituary - sooeveningnews.com](https://news.google.com/rss/articles/CBMiX0FVX3lxTFBnTVUwX3lIT3h5VzZLWlhGNnBmTlZ1OWNoRWRXSG96Vk42VlQzc3ZINlJJODhrNXJveFhUdjhOdmZpV0hkNUpKSWdQUERobWNoREdva3pXS01scXlOdkpz?oc=5) · sooeveningnews.com

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=61416 (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/40.json (key "61416", 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=61416
- 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