# MICHIGAN UNITED
Auburn Hills, MI · NCUA charter 61698 · asset band $200-500M · latest filing 2026-03 · live
Share link (named URL with a preview card): https://getbookiq.com/cu/michigan-united-61698

Who the members are: state charter, organized 1931. 24,056 members of 10,000,000 potential (0.2% of the field); checking penetration 46% (share draft accounts per 100 members); loans per 100 members 62.

**Verdict on the desk:** this could be *auto monoline*. 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 | $346.4M |
| Members | 24,056 (1.3% YoY) |
| Full-time staff | 78 |
| Net worth | $41.3M |
| Net worth ratio | 11.9% (p59 of band) |
| ROA (annualized) | 0.36% (p25 of band) |
| Total delinquency | 0.09% (p5 of band) |
| Net charge-offs (annualized) | 0.59% (p70 of band) |
| Loans / shares | 74% (p49 of band) |
| Cash / assets | 17.9% |
| Borrowings / assets | 0.00% |
| Net interest margin | 4.14% (p84 of band) |
| Operating expense / assets | 4.03% (p65 of band) |
| Vehicles % of loans | 61% (p91 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 46% |
| Third-party paper % of net worth | 188% (p79 of band) |
| Vehicle delinquency | 0.12% (p11 of band) |
| Vehicle NCO | 0.77% (p58 of band) |
| Repossessed % of vehicle book | 0.00% (p25 of band) |
| Real estate % of loans | 25% |
| Credit cards % of loans | 3% |
| Unsecured % of loans | 5% |
| Commercial % of net worth | 23% |
| Core shares % of member funds | 62% |
| Certificates % of member funds | 13% |
| Average share balance | $7,103 |
| Participations bought / yr | $1.2M |
| Participations sold / yr | $0 |
| Participations outstanding | $9.5M |
| Loans outstanding per 100 members | 62% |
| Loans granted per 100 members, annualized | 9% |
| Average loan balance | $15,068 |
| Loans granted, annualized | $68.1M |

## Participation posture (from the same filings)

Bought $1.2M and sold $0 in the latest annualized quarter; $9.5M outstanding purchased (23.1% of net worth), $0 sold and retained. Sold in 0 and bought in 8 of the last 8 quarters. Shares 1.7% year over year.

## Flags firing in the latest filing

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

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 2 | thin capital, 3rd-party paper>100% NW |  |
| 2016-06 | 2 |  |  |
| 2016-09 | 6 | capital below 7%, net worth falling, leaning on borrowings |  |
| 2016-12 | 3 |  | capital below 7%, net worth falling |
| 2017-03 | 3 | delinquency rising | leaning on borrowings |
| 2017-06 | 3 | members leaving | delinquency rising |
| 2017-09 | 3 | assets shrinking | members leaving |
| 2017-12 | 2 |  | assets shrinking |
| 2018-03 | 2 |  |  |
| 2018-06 | 2 |  |  |
| 2018-09 | 2 |  |  |
| 2018-12 | 3 | delinquency rising |  |
| 2019-03 | 4 | members leaving |  |
| 2019-06 | 3 |  | thin capital |
| 2019-09 | 3 | margin squeeze | members leaving |
| 2019-12 | 1 |  | delinquency rising, margin squeeze |
| 2020-03 | 2 | margin squeeze |  |
| 2020-06 | 3 | thin capital |  |
| 2020-09 | 3 | net worth falling | margin squeeze |
| 2020-12 | 3 |  |  |
| 2021-03 | 5 | margin squeeze, members leaving |  |
| 2021-06 | 3 |  | net worth falling, margin squeeze |
| 2021-09 | 2 | margin squeeze | thin capital, members leaving |
| 2021-12 | 3 | thin capital |  |
| 2022-03 | 1 |  | margin squeeze, thin capital |
| 2022-06 | 2 | thin capital |  |
| 2022-09 | 2 | auto monoline | thin capital |
| 2022-12 | 2 |  |  |
| 2023-03 | 2 |  |  |
| 2023-06 | 2 |  |  |
| 2023-09 | 2 |  |  |
| 2023-12 | 3 | delinquency rising |  |
| 2024-03 | 4 | assets shrinking |  |
| 2024-06 | 3 |  | delinquency rising |
| 2024-09 | 4 | delinquency rising |  |
| 2024-12 | 5 | members leaving |  |
| 2025-03 | 4 |  | members leaving |
| 2025-06 | 4 |  |  |
| 2025-09 | 2 |  | assets shrinking, delinquency rising |
| 2025-12 | 3 | delinquency rising |  |
| 2026-03 | 2 |  | delinquency rising |

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

- 2026-07-29 [Auburn Hills National Night Out is Aug 11 - Oakland County Times](https://news.google.com/rss/articles/CBMiigFBVV95cUxPWXpMQTRtS1QxbVVhNkhuTTR6WF91Qy1zZXZfcm1MYzM5Tjl2MXNwTlA4QmxUQVVVVDdBQThITDRfRmpzQ0ZxRHFBeUFnUTlHbURsczkzLU8xUFFDX1hFSExLTXBJWkE0elJpMXk0bXRka2ZWaWx5dk1ZcVpwWjJJTVRpQTQwRDFIYXc?oc=5) · Oakland County Times
- 2025-11-18 [Davenport appoints CEO of Lake Michigan Credit Union to its board - Davenport University](https://news.google.com/rss/articles/CBMipgFBVV95cUxOWEdTcWEyRWZqeFpSc0JmemI0SFZ2ZzEteXpycGNKTWNvRmlsZDFkcmdPSzlHOFh4RUl5NjM4eEtGOGhpYWN4ZG50ZjA0WW90bVdIWlUxeWR4Ym11OHdzZ2JuTjlEVXE4TTRhS1BUMmpaRnBtMlU5TkVoT2U1ZDljWFVmRjA0UWw0a2toUEdXSG04cTZsZkhGakVpYy1yWXp2c2NPVlFB?oc=5) · Davenport University
- 2026-04-18 [Expo Showcases Holly Area Groups and Businesses - Oakland County Times](https://news.google.com/rss/articles/CBMikgFBVV95cUxNVXJKSW1IOU9Ucmh4Z1BweEZYb19nSDlGLXVDVnB5ZlUyMHM1b3NISFl3WmdBbVd2bjRjRFlmLWxVQ0hDamM5WTBhdXBCNldZbVh2T3JEVVl3MEFrRjZJT2doMU5aYmNpWlM1dzY0Rmpsb1BqU01uNFo4RWlwaGtPOWxlaTZEODc4dURWV1VqVDdBdw?oc=5) · Oakland County Times
- 2023-09-28 [Sept 29 Outdoor Movie Night in Lake Orion Super Mario Bros - Oakland County Times](https://news.google.com/rss/articles/CBMioAFBVV95cUxQSHJSVFozTG1Ha20xUjFybG5ERVAxb1NScEY5aGNEYTZSelFUWkJQZVhySENXTnBrRE5ObGoxRzVTeDNTaGxRV2x4VXk4cF9yTWpsRGdWRlc5eEFUX2RCUkNVS1FqODlNWUY2OFJ5OFRMakFIN3lwNkpXSHZybW90VmkzcEF2Z01CZVJzUV96cHBNLVhLS3hvTFRxNGVoRC12?oc=5) · Oakland County Times
- 2025-10-13 [Waterford Community Celebrates Award Winners - Oakland County Times](https://news.google.com/rss/articles/CBMingFBVV95cUxNRHpuUjJwN3JhalBhWFFlUVFFMkxyS3ZKVlZkRlBGUmF2VlZTUVNNMnBxUjYyLXlGeTNLQ1VzWEMzc2tBMFY0amdtRUU1QktGNVRrZUhCWEpFeUpWV0JkbTlUYTVXZlhKbFhTYjRSNUVaSGZNWXZTZWhpQzh6NGwxUmVqeWJydEhmUVU2NzVQMWxsLUQxd2NBVnh2MDU1UQ?oc=5) · Oakland County Times
- 2024-03-23 [Waterford Foundation for Public Education Recognizes Outstanding High School Seniors - Oakland County Times](https://news.google.com/rss/articles/CBMiwwFBVV95cUxPZkR6S0NLU3NCNVNhc1RLMVRibVA0bE1BejZOc2h0c2FpRmg0T29POXZSbmxYMERrcEVnRFdqMzlTTXBnYkNjVVJiUzdheDI4dFREWWtuaUpLMWM1NGpVU0xrNU5Fd0Q3b1o3T1JFYzhwcGZEOHBjWV9nUUpzR0RwNTRtd040dzlQV2ktVkhsRWJ0VVNnemUzMVV3MkRHVVoxRUxOSUJfVDVYU251VEd2dEJkRVhKSzJRbzBoT1lOOG4xSHM?oc=5) · Oakland County Times
- 2023-05-22 [Holly Area Chamber Strikes Up Friendships with Annual Bowling Fundraiser - Oakland County Times](https://news.google.com/rss/articles/CBMiwwFBVV95cUxObjltZzNxTTB4a3dPNzNxRGFSTUVMYWRvOXA2aE9WRl9hWE1BOGFBdW5zZ0xOYTk0VDhTRFhfVVJORXF0LVF5MzlWOEh1MFRqY3MyQldLZm1xNFBUYUhTd3o5U0VHZ2hqNXF5d3E5OXN0VVBnU0NOc2tlcEtyVEI5Ml9vcndDVUk0aEVKQlN6SkxVYkhPdGhxdGlOY2VoUDg0cHZ5T29SMUEzNUxTVWtUTC1JQ1JTc1pWMldvMDAyYXNzU1U?oc=5) · Oakland County Times
- 2024-04-12 [April Lennox Honored as Teacher of the Year by Waterford Foundation for Public Education - Oakland County Times](https://news.google.com/rss/articles/CBMiyAFBVV95cUxQak40OHVpVjZ5amhHOC1nWTZZaXpxaUc0N2EzWnRqUlRhenlqLXFXSlgxQUlET0JJbXZOb1dSel9ZeEFTUlQtT2VBS1dMZUxSbDRIU1JVWl9HbDhUTElJdkZKVklvVGhpX0tzZnpwcUd6akpfeTBGbXItcGRUekszLUJoWFAwR2J4WWZmME5Zb2QtdGJEMnlBdzRaOEx6SmowTzU5RzNiRWZqOFhZcU90WTRVc0RMeTMwSzA0RVVhdHcybW5MSWRnZQ?oc=5) · Oakland County Times

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=61698 (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/2.json (key "61698", 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=61698
- 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