# FIRST AREA
SAGINAW, MI · NCUA charter 61756 · asset band <$50M · latest filing 2025-12 · stopped filing after 2025-12 (departed; for a credit union that is almost always a merger)
Share link (named URL with a preview card): https://getbookiq.com/cu/first-area-61756

Who the members are: state charter, organized 1961. 2,872 members of 10,000 potential (28.7% of the field); checking penetration 52% (share draft accounts per 100 members); loans per 100 members 31.

**Verdict on the desk:** this could be *liquidity-rich*. Composite score 3 of 18 (one point per flag across 17 flags, capital below 7% counted twice).

## What the filing shows

| Measure | Value |
|---|---|
| Total assets | $38.5M |
| Members | 2,872 (-9.6% YoY) |
| Full-time staff | 6 |
| Net worth | $4.0M |
| Net worth ratio | 10.4% (p18 of band) |
| ROA (annualized) | 0.45% (p39 of band) |
| Total delinquency | 1.33% (p66 of band) |
| Net charge-offs (annualized) | 0.06% (p34 of band) |
| Loans / shares | 50% (p36 of band) |
| Cash / assets | 14.0% |
| Borrowings / assets | 0.00% |
| Net interest margin | 3.13% (p22 of band) |
| Operating expense / assets | 3.50% (p46 of band) |
| Vehicles % of loans | 32% (p19 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 12% |
| Third-party paper % of net worth | 16% (p91 of band) |
| Vehicle delinquency | 0.26% (p40 of band) |
| Vehicle NCO | 0.69% (p76 of band) |
| Repossessed % of vehicle book | 0.00% (p45 of band) |
| Real estate % of loans | 40% |
| Credit cards % of loans | 0% |
| Unsecured % of loans | 2% |
| Commercial % of net worth | 64% |
| Core shares % of member funds | 73% |
| Certificates % of member funds | 14% |
| Average share balance | $6,592 |
| Participations bought / yr | $0 |
| Participations sold / yr | $0 |
| Participations outstanding | – |
| Loans outstanding per 100 members | 31% |
| Loans granted per 100 members, annualized | 10% |
| Average loan balance | $20,111 |
| Loans granted, annualized | $4.0M |

## Flags firing in the latest filing

- **delinquency rising** (`aq_dq_rising`)
- **assets shrinking** (`shrink_assets`)
- **members leaving** (`shrink_members`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 0 |  |  |
| 2016-06 | 0 |  |  |
| 2016-09 | 1 | net worth falling |  |
| 2016-12 | 0 |  | net worth falling |
| 2017-03 | 0 |  |  |
| 2017-06 | 2 | net worth falling, delinquency rising |  |
| 2017-09 | 1 |  | net worth falling |
| 2017-12 | 0 |  | delinquency rising |
| 2018-03 | 1 | delinquency rising |  |
| 2018-06 | 1 | net worth falling | delinquency rising |
| 2018-09 | 0 |  | net worth falling |
| 2018-12 | 0 |  |  |
| 2019-03 | 1 | assets shrinking |  |
| 2019-06 | 1 |  |  |
| 2019-09 | 1 | delinquency rising | assets shrinking |
| 2019-12 | 0 |  | delinquency rising |
| 2020-03 | 1 | delinquency rising |  |
| 2020-06 | 2 | margin squeeze |  |
| 2020-09 | 2 | net worth falling | delinquency rising |
| 2020-12 | 4 | members leaving, loan book shrinking |  |
| 2021-03 | 3 |  | members leaving |
| 2021-06 | 5 | thin capital, delinquency 2x band |  |
| 2021-09 | 4 | delinquency rising | net worth falling, thin capital |
| 2021-12 | 3 | thin capital | loan book shrinking, delinquency 2x band |
| 2022-03 | 4 | delinquency 2x band, members leaving | margin squeeze |
| 2022-06 | 3 |  | delinquency rising |
| 2022-09 | 1 |  | thin capital, delinquency 2x band |
| 2022-12 | 2 | thin capital |  |
| 2023-03 | 3 | losing money, assets shrinking | thin capital |
| 2023-06 | 2 |  | losing money |
| 2023-09 | 2 |  |  |
| 2023-12 | 2 |  |  |
| 2024-03 | 1 |  | assets shrinking |
| 2024-06 | 2 | losing money |  |
| 2024-09 | 2 |  |  |
| 2024-12 | 3 | assets shrinking |  |
| 2025-03 | 3 | delinquency rising | losing money |
| 2025-06 | 2 |  | delinquency rising |
| 2025-09 | 4 | delinquency 2x band, delinquency rising |  |
| 2025-12 | 3 |  | delinquency 2x band |

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

- 2022-11-27 [Toy drive to benefit children hospitalized in Saginaw this holiday season - MLive.com](https://news.google.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?oc=5) · MLive.com
- 2021-11-23 [John James Murphy Obituary Nov 23, 2021 - W. L. Case and Company Funeral Directors - W. L. Case & Company Funeral Directors](https://news.google.com/rss/articles/CBMibEFVX3lxTE9NLXJWdlJuYk9wajJIS3FPTG9NOHdaVDBBUHc2aXhwNkk1ejVxNF9lTURQcWw2V1JaMlFYN1MzTndyUjMtRnBkakJvcWF0ZGRyd3oxbDhycFFvSm5Vak5XejVmUXdUc2k1TkNTLQ?oc=5) · W. L. Case &amp; Company Funeral Directors
- 2023-08-02 [Adopt-A-Schools/Charities - Saginaw Spirit - Canadian Hockey League](https://news.google.com/rss/articles/CBMiR0FVX3lxTE03Tk1xeENNdk1jeFRPQ0E0dHdhbnpvbGVnQ0F0anBEWUozeWFvYkdwenpPc1hIV3pvb1J3TEYzcU90c05ZWFN3?oc=5) · Canadian Hockey League
- 2024-05-21 [In Memoriam - Juniata College](https://news.google.com/rss/articles/CBMia0FVX3lxTFB4NndxOFEyS3Z6VmFCLTVENzIyRHFjTGlGcFpwMzFQcXNkV3BzazJXbWt6Zl80Zk55dnZoYWlCOWxFd0hvNTRyOVdXUzRicXZnWnd4YU9ObjZvekpaTjdkUjFNYnBNQmJoSlZr?oc=5) · Juniata College
- 2026-02-12 [Hilary Duff sets her first Michigan concert dates in 20-plus years - The Detroit News](https://news.google.com/rss/articles/CBMi3AFBVV95cUxOUGxWbHhIQVJBSUpjaFo2VjJuMzVmNFM0MVpfXzJ2dUV3VkRzQXJSclk2bjlBMHBXQ2EwcmdjRW1YZlZwYkNlVW1BYnE3MUZXQldaaHptQkpJZEFsOEQ0WjBSWXlqSW1HLVR5QmZCRm1HZ3FoOERzaDlONEJnSDM4dGdiZzBHQWNfODJoNWMzbHI0U0hzRGplSERhMGFTczQ0aEU2VlBxVlVISWZ1eDRDd3JOSkZfcmQ1VktfVjk4TDZLRE10OW1jeF9uUTVUT3NsRHcyOTYtNkFZODE0?oc=5) · The Detroit News
- 2025-03-12 [McDonald’s Celebrates Detroit's Culture and Community with 313 Day - Little Black Book | LBBOnline](https://news.google.com/rss/articles/CBMilgFBVV95cUxPcUdVZHFsTEhSQWYxTDhIa0pENDBndEhoVTJmaDc5dTBXMjRzYXEteWs0MjBSajRsVlNCMk9rRGsxbkRFVnVQNkdEcUlaanBRQ3lMWGJnajEyUlhoQ0RDRDdlZHNwel84VXctd2dfMlZFdDFyTENoUGU1ckNZdFRiUUVfY2NndjFsNDRRa0RLV1d4LVRXU1E?oc=5) · Little Black Book | LBBOnline
- 2024-05-08 [Gerald "Jerry" Thomas Holihan Obituary (2024) - Saginaw, MI - W.L. Case & Company Funeral Directors - Mackinaw - Legacy obituary](https://news.google.com/rss/articles/CBMiiwFBVV95cUxNOXhGUDkwMGlIRWxMZDdabU5BbTNBcENlYVRkcWEtbngyQXhNWkVNT1ZtQlJGVDd0NEJsTXJoWWRKTUJUcDNZZmdBSTJOYVpLS2EwRUI0X3lDWVBBNmxIdEZqRF9CaHVpRXJpZklYTE9JZmpKdmc1QWZPUWJDOUdteFNpUlpKNXNRT1RN?oc=5) · Legacy obituary
- 2017-04-06 [Franciscan Health Crown Point Offers Area’s First Donor Breast Milk Program - GreatNews.Life](https://news.google.com/rss/articles/CBMiqwFBVV95cUxOYktyLTdkYzloYWR4RGlYb2lBdWpid0d5Y2xlRTRQa2YteEYwLTNSR2JGRmh1QTduZjhlMnF1bnpYZkNyVDBRMDFzVjRHOUFILTZqTWdwQ2JDa3FObWdvdlV3SnNvV0RGQU5CaGNONkpiSUk3VFNSTzFkUTZDMEJCWDZWZThpVUI0djFOYVUyckk0Wmt3cVRLT2hJVlBJb3VVR0FETF9vWERMRlk?oc=5) · GreatNews.Life

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=61756 (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/60.json (key "61756", 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=61756
- 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