# UNITED FINANCIAL
Saginaw, MI · NCUA charter 61657 · asset band $200-500M · latest filing 2026-03 · live
Share link (named URL with a preview card): https://getbookiq.com/cu/united-financial-61657

Who the members are: state charter, organized 1964, low-income designated. 21,710 members of 9,584,261 potential (0.2% of the field); checking penetration 61% (share draft accounts per 100 members); loans per 100 members 49.

**Verdict on the desk:** this could be *indirect buyer*. 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 | $350.3M |
| Members | 21,710 (1.7% YoY) |
| Full-time staff | 61 |
| Net worth | $37.6M |
| Net worth ratio | 10.7% (p42 of band) |
| ROA (annualized) | 0.72% (p53 of band) |
| Total delinquency | 0.40% (p30 of band) |
| Net charge-offs (annualized) | 0.47% (p60 of band) |
| Loans / shares | 68% (p35 of band) |
| Cash / assets | 5.6% |
| Borrowings / assets | 0.00% |
| Net interest margin | 3.36% (p37 of band) |
| Operating expense / assets | 3.51% (p43 of band) |
| Vehicles % of loans | 30% (p45 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 66% |
| Third-party paper % of net worth | 131% (p66 of band) |
| Vehicle delinquency | 0.46% (p42 of band) |
| Vehicle NCO | 1.18% (p76 of band) |
| Repossessed % of vehicle book | 0.00% (p50 of band) |
| Real estate % of loans | 52% |
| Credit cards % of loans | 0% |
| Unsecured % of loans | 4% |
| Commercial % of net worth | 39% |
| Core shares % of member funds | 39% |
| Certificates % of member funds | 27% |
| Average share balance | $6,275 |
| Participations bought / yr | $9.4M |
| Participations sold / yr | $0 |
| Participations outstanding | $17.8M |
| Loans outstanding per 100 members | 49% |
| Loans granted per 100 members, annualized | 14% |
| Average loan balance | $20,123 |
| Loans granted, annualized | $56.5M |

## Participation posture (from the same filings)

Bought $9.4M and sold $0 in the latest annualized quarter; $17.8M outstanding purchased (47.3% of net worth), $68,377 sold and retained. Sold in 0 and bought in 8 of the last 8 quarters. Shares 6.5% year over year.

## Flags firing in the latest filing

- **3rd-party paper>100% NW** (`str_thirdparty`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 0 |  |  |
| 2016-06 | 0 |  |  |
| 2016-09 | 0 |  |  |
| 2016-12 | 0 |  |  |
| 2017-03 | 2 | losing money, charge-offs p90 |  |
| 2017-06 | 1 | net worth falling | losing money, charge-offs p90 |
| 2017-09 | 1 | 3rd-party paper>100% NW | net worth falling |
| 2017-12 | 1 |  |  |
| 2018-03 | 1 |  |  |
| 2018-06 | 1 |  |  |
| 2018-09 | 1 |  |  |
| 2018-12 | 1 |  |  |
| 2019-03 | 1 | net worth falling | 3rd-party paper>100% NW |
| 2019-06 | 2 | 3rd-party paper>100% NW |  |
| 2019-09 | 1 |  | net worth falling |
| 2019-12 | 1 |  |  |
| 2020-03 | 1 |  |  |
| 2020-06 | 3 | net worth falling, members leaving |  |
| 2020-09 | 2 |  | net worth falling |
| 2020-12 | 2 |  |  |
| 2021-03 | 3 | net worth falling |  |
| 2021-06 | 4 | delinquency 2x band, delinquency rising | members leaving |
| 2021-09 | 3 |  | net worth falling |
| 2021-12 | 2 |  | delinquency rising |
| 2022-03 | 3 | delinquency rising |  |
| 2022-06 | 2 |  | delinquency rising |
| 2022-09 | 1 |  | delinquency 2x band |
| 2022-12 | 1 |  |  |
| 2023-03 | 1 |  |  |
| 2023-06 | 1 |  |  |
| 2023-09 | 1 |  |  |
| 2023-12 | 1 |  |  |
| 2024-03 | 1 |  |  |
| 2024-06 | 1 |  |  |
| 2024-09 | 1 |  |  |
| 2024-12 | 2 | members leaving |  |
| 2025-03 | 2 |  |  |
| 2025-06 | 2 |  |  |
| 2025-09 | 1 |  | members leaving |
| 2025-12 | 1 |  |  |
| 2026-03 | 1 |  |  |

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

- 2026-07-08 [Caller ID spoofing scams are on the rise. Here’s what you should know - WNEM](https://news.google.com/rss/articles/CBMimAFBVV95cUxOV2NvTGliR1ZaNXlVeXBET2NaRy01SmkzX3o1ZnVDV3liWS1jcTNEZV9qWUFicjFSV2JYdmpjZWNyd2ZIRmFpM295OFpYWjgzN0ZsYjMxQVNseGpiT3pVSXo0OVJydnRCZFFjV1Q3b1FWRVlObnZsclZWQWJVM1U4d01pbXh2UGhMaHNNQjB4OWNLenNOVHBmVNIBrAFBVV95cUxQODR2ZjVxVmU0NExINlk0bU1FXzRzVjlsN2V4YmE3alByZ3REenozRjhEUUh3bzg5cHQzcjgtaHR3MVJ5VkVOby0zQm9OWlFQQW1aMU5fOWlmblR4RTlOU0JKc0o0Qy1lUXdCbXBaaVpkVElGb0dPQ3ZIXzlIQUZTMzlmbTJvSkFXczFNMkxuWFFkV0RMZkRFZDRxTHJQaEhXMUxxeDRxSlUzZmVZ?oc=5) · WNEM
- 2026-03-25 [First-time homebuyer seminar: Free event in Saginaw April 22 - MLive.com](https://news.google.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?oc=5) · MLive.com
- 2026-02-18 [Notre Dame Federal Credit Union to acquire Catholic United Financial Credit Union, - nwitimes.com](https://news.google.com/rss/articles/CBMilAFBVV95cUxQdHpJUVo5YjVLb08zUFRGS2pMWnM0UkxVLUhFQXdXQ1F3TWtIdV91aFVKWUxGWENPQTh4cnRPLUFNeUMyZzZyN3FJSWk1bUVQUU5NVWxUcC03UVFUY3Y4dHFGZjRpdXZ6Zm9NN3RJTUVlaU5pQjk5VW00NllTRlRoUGp6aGE4TVhCaERxclV6c2I5Uzht?oc=5) · nwitimes.com
- 2026-03-09 [6 Texans charged in smash-and-grab of Saginaw Township ATM, multi-state heists - MLive.com](https://news.google.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?oc=5) · MLive.com
- 2025-05-12 [2 Michigan men arrested after taking pictures with $89K they allegedly stole from ATM - CBS News](https://news.google.com/rss/articles/CBMibkFVX3lxTE8tdGc5b0NiWnZJd3ZJMXJMV0JGOVM1TWxJUml2RzVPd1VsbWNYQVlLekZ3TGJzOXptRGNoZTdBekEtc0dhQjByUVdrblRiRF9Ed0ZDMDV4VlJXZENOYm1nQ2pfMjR3UXp2eWptT1ZR0gFzQVVfeXFMT2NWMDRBOGRXWkJPdVZVM0VDQ3BST2Y5V2xPTXI3dVYxM0xnNEdaUmI2M0cxOWQza2lGblA0VHpsTmxPZXlHTS1zbC1LNThhOFBDeUxtMHBkMmg4MjVFLXFEeEZfb2VDNXZTd0xtODlscm5Vcw?oc=5) · CBS News
- 2025-07-22 [Business News & Notes: Berg appointed to Public Health Advisory Council - Midland Daily News](https://news.google.com/rss/articles/CBMimwFBVV95cUxOQTNSVzIxMmwtb1NxS0dvLTJoMjFFS2lwdzA2WnJqTHZjdlFMSVRoeDZUS2RBLXkzazNFeFFxdzY0V0tXVHhpLVI4NjZ2Y0VFbWZyRGh4ZG9TNlNaMFBjSnBQZC1ROTZTU0hmWi14ZTBnVkpGTHVMal9wWXNSMVBvUWs4ZENIbUYxSGgxRjVWWS03M3B6MGYwQW9RUQ?oc=5) · Midland Daily News
- 2020-02-04 [Man, woman charged in Bridgeport Township credit union robbery - MLive.com](https://news.google.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?oc=5) · MLive.com
- 2020-10-23 [Man disguised as woman to spend up to 15 years in prison for robbing credit union in Saginaw County - MLive.com](https://news.google.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?oc=5) · MLive.com

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=61657 (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/25.json (key "61657", 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=61657
- 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