# FAMILY FINANCIAL
Norton Shores, MI · NCUA charter 61633 · asset band $100-200M · latest filing 2026-03 · live
Share link (named URL with a preview card): https://getbookiq.com/cu/family-financial-61633

Who the members are: state charter, organized 1959, low-income designated. 16,646 members of 1,455,322 potential (1.1% of the field); checking penetration 50% (share draft accounts per 100 members); loans per 100 members 54.

**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 | $169.2M |
| Members | 16,646 (-0.4% YoY) |
| Full-time staff | 39 |
| Net worth | $19.3M |
| Net worth ratio | 11.4% (p46 of band) |
| ROA (annualized) | 0.26% (p21 of band) |
| Total delinquency | 1.02% (p74 of band) |
| Net charge-offs (annualized) | 0.16% (p29 of band) |
| Loans / shares | 65% (p39 of band) |
| Cash / assets | 16.1% |
| Borrowings / assets | 0.00% |
| Net interest margin | 3.49% (p39 of band) |
| Operating expense / assets | 4.18% (p68 of band) |
| Vehicles % of loans | 51% (p72 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 57% |
| Third-party paper % of net worth | 150% (p78 of band) |
| Vehicle delinquency | 1.48% (p85 of band) |
| Vehicle NCO | 0.35% (p41 of band) |
| Repossessed % of vehicle book | 0.00% (p32 of band) |
| Real estate % of loans | 31% |
| Credit cards % of loans | 4% |
| Unsecured % of loans | 6% |
| Commercial % of net worth | 16% |
| Core shares % of member funds | 55% |
| Certificates % of member funds | 18% |
| Average share balance | $4,810 |
| Participations bought / yr | $0 |
| Participations sold / yr | $0 |
| Participations outstanding | $2.8M |
| Loans outstanding per 100 members | 54% |
| Loans granted per 100 members, annualized | 14% |
| Average loan balance | $10,687 |
| Loans granted, annualized | $53.3M |

## Participation posture (from the same filings)

Bought $0 and sold $0 in the latest annualized quarter; $2.8M outstanding purchased (14.5% of net worth), $0 sold and retained. Sold in 0 and bought in 0 of the last 8 quarters. Shares 6.9% year over year.

## Flags firing in the latest filing

- **net worth falling** (`cap_falling`)
- **3rd-party paper>100% NW** (`str_thirdparty`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 1 | 3rd-party paper>100% NW |  |
| 2016-06 | 1 |  |  |
| 2016-09 | 1 |  |  |
| 2016-12 | 1 |  |  |
| 2017-03 | 1 |  |  |
| 2017-06 | 1 |  |  |
| 2017-09 | 1 |  |  |
| 2017-12 | 1 |  |  |
| 2018-03 | 1 |  |  |
| 2018-06 | 1 |  |  |
| 2018-09 | 1 |  |  |
| 2018-12 | 1 |  |  |
| 2019-03 | 1 |  |  |
| 2019-06 | 2 | net worth falling |  |
| 2019-09 | 1 |  | net worth falling |
| 2019-12 | 1 |  |  |
| 2020-03 | 2 | net worth falling |  |
| 2020-06 | 2 |  |  |
| 2020-09 | 2 |  |  |
| 2020-12 | 3 | delinquency 2x band |  |
| 2021-03 | 4 | margin squeeze |  |
| 2021-06 | 2 |  | delinquency 2x band, margin squeeze |
| 2021-09 | 1 |  | net worth falling |
| 2021-12 | 1 |  |  |
| 2022-03 | 1 |  |  |
| 2022-06 | 1 |  |  |
| 2022-09 | 1 |  |  |
| 2022-12 | 1 |  |  |
| 2023-03 | 1 |  |  |
| 2023-06 | 1 |  |  |
| 2023-09 | 2 | assets shrinking |  |
| 2023-12 | 2 |  |  |
| 2024-03 | 2 |  |  |
| 2024-06 | 2 | delinquency rising | assets shrinking |
| 2024-09 | 2 |  |  |
| 2024-12 | 2 |  |  |
| 2025-03 | 2 |  |  |
| 2025-06 | 2 | net worth falling | delinquency rising |
| 2025-09 | 1 |  | net worth falling |
| 2025-12 | 1 |  |  |
| 2026-03 | 2 | net worth falling |  |

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

- 2019-03-19 [Credit union to keep historic Hackley Union bank vault in downtown branch - MLive.com](https://news.google.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?oc=5) · MLive.com
- 2023-06-20 [Forbes 2026 America's Best Credit Unions In Each State List - Forbes](https://news.google.com/rss/articles/CBMiaEFVX3lxTE9vRWJOaE5OZ1NrY3RJeUZnWS1yRXkwMUYzYllJMTN3VEQxTWtwNHJGdC1FejkwVF9UT045OWFhQ0NSWmtzTHBJeXZFSFdydTNuc2VyT3BjUGRLcmlWLWhaVHNJUVZMRHNt?oc=5) · Forbes
- 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
- 2026-03-05 [Frances "Jeanne" Lanenga Obituary Mar 5, 2026 - Beacon Cremation & Funeral Service](https://news.google.com/rss/articles/CBMiakFVX3lxTE5SbElXU21wVFVURWR6ck01dmlGVzZrWWhhWjVobEMyeWtER01FQm90ZEI1N19Nb3lsR0RlSWpOQnhXT2ZuakVOVUVMLTZWMDFZRi1sUGx1aU1CTksteE53VEtsSzFwNzh2N1E?oc=5) · Beacon Cremation & Funeral Service
- 2015-04-01 [Michael Zimmerman Obituary - Muskegon, MI - Dignity Memorial](https://news.google.com/rss/articles/CBMihwFBVV95cUxOWWZ5bkRvMWJsUGhOc0hTNGl5blpsOUZPVXJtYldZQ1hzM0E1WVMtTHh3ZDYwTEJKeS1EdHk5Q3BSWHJaTDdjX0s0RmhIYVQ2eTlBcVk0bkFnV1p5MV96YzhXbUZUQUQ5aDZJb1FkaEVqbUlhbk1iWGNIOUpfNHBvcmxmbWlhcHc?oc=5) · Dignity Memorial
- 2025-11-17 [Here's where you can drop off your donations for the 2025 Toys for Tots campaign in West Michigan - WZZM13.com](https://news.google.com/rss/articles/CBMi2gFBVV95cUxPaDVJVTkySHFzNmM4S0haQTZjSEtoZEZCa3Y4QVdtcmRMV1pLWlZWa3U3aDhZMndVSExrY3dvR0pyWHZuT3NFdWFNekFjU3UxZ08zWW5KSG83el95UzFFZEdqWnR0TzBvMDIxeTFaMnJNOTd3d0EwbzRRbndhQXE0NnRjTXlaY2RYS195UlAtWTlublZpY3pGQWhyWEtWSU5Tckl3RklzRmdYTTgzS3F1NUdFdEFEc2xfelA4TXVKVFJ4aEQxYXNmeGZsaXJoQ1Q1R1BkSlR2VHhYQQ?oc=5) · WZZM13.com
- 2024-10-12 [Marsha Louise Mahynski Obituary Oct 12, 2024 - Beacon Cremation & Funeral Service](https://news.google.com/rss/articles/CBMiYEFVX3lxTE9wa0ZyaDdmNWZzWkphR2JvNHJ2V2EzNTAxNE9RM1laMFBsd0FtVkhsSVF0OFF4Yl9pYlBlSVpMQ3FjMmNzTnRscl90ODJhNUtOTXJacEpLR0Z4bmk4cEdndA?oc=5) · Beacon Cremation & Funeral Service
- 2009-09-28 [JOSIE LAWRENCE Obituary (2009) - Muskegon, MI - Muskegon Chronicle - MLive.com](https://news.google.com/rss/articles/CBMikAFBVV95cUxNdWNZanlkSVdJdW9RWUhyeHkzSVgwM1FlcW8wd3dmVlh1Wm8tS19jMllpUHp6aF9Mc1ZtM2dZTlZPbkE1TVcxRkJpOUlnd2dKTEQtZTJQUC1rUFBPYWp1a2VRajRiTUJmdWxsS2JVVTVZREpjVGI2RVg1bHl6NlBSRUM5QXVjTmJwLTJULTBISE4?oc=5) · MLive.com

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=61633 (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/1.json (key "61633", 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=61633
- 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