# FAMILY FIRST
SAGINAW, MI · NCUA charter 61909 · asset band $100-200M · latest filing 2026-03 · live
Share link (named URL with a preview card): https://getbookiq.com/cu/family-first-61909

Who the members are: state charter, organized 1939, low-income designated. 5,405 members of 782,634 potential (0.7% of the field); checking penetration 57% (share draft accounts per 100 members); loans per 100 members 107.

**Verdict on the desk:** this could be *stressed*. Composite score 5 of 18 (one point per flag across 17 flags, capital below 7% counted twice).

## What the filing shows

| Measure | Value |
|---|---|
| Total assets | $100.5M |
| Members | 5,405 (-1.5% YoY) |
| Full-time staff | 23 |
| Net worth | $9.4M |
| Net worth ratio | 9.4% (p19 of band) |
| ROA (annualized) | -0.41% (p5 of band) |
| Total delinquency | 2.07% (p94 of band) |
| Net charge-offs (annualized) | 1.27% (p92 of band) |
| Loans / shares | 52% (p19 of band) |
| Cash / assets | 13.8% |
| Borrowings / assets | 0.00% |
| Net interest margin | 4.00% (p70 of band) |
| Operating expense / assets | 4.43% (p76 of band) |
| Vehicles % of loans | 34% (p46 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 50% |
| Third-party paper % of net worth | 205% (p86 of band) |
| Vehicle delinquency | 2.96% (p96 of band) |
| Vehicle NCO | 1.40% (p83 of band) |
| Repossessed % of vehicle book | 0.01% (p65 of band) |
| Real estate % of loans | 35% |
| Credit cards % of loans | 6% |
| Unsecured % of loans | 12% |
| Commercial % of net worth | 55% |
| Core shares % of member funds | 66% |
| Certificates % of member funds | 25% |
| Average share balance | $8,590 |
| Participations bought / yr | $7.4M |
| Participations sold / yr | $0 |
| Participations outstanding | $10.0M |
| Loans outstanding per 100 members | 107% |
| Loans granted per 100 members, annualized | 95% |
| Average loan balance | $8,148 |
| Loans granted, annualized | $15.9M |

## Participation posture (from the same filings)

Bought $7.4M and sold $0 in the latest annualized quarter; $10.0M outstanding purchased (105.8% of net worth), $0 sold and retained. Sold in 0 and bought in 7 of the last 8 quarters. Shares -6.2% year over year.

## Flags firing in the latest filing

- **losing money** (`earn_negative`)
- **delinquency 2x band** (`aq_dq_high`)
- **charge-offs p90** (`aq_nco_high`)
- **assets shrinking** (`shrink_assets`)
- **3rd-party paper>100% NW** (`str_thirdparty`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 3 | losing money, charge-offs p90, 3rd-party paper>100% NW |  |
| 2016-06 | 4 | delinquency 2x band |  |
| 2016-09 | 2 |  | 3rd-party paper>100% NW, delinquency 2x band |
| 2016-12 | 3 | 3rd-party paper>100% NW |  |
| 2017-03 | 2 | assets shrinking | charge-offs p90, 3rd-party paper>100% NW |
| 2017-06 | 3 | net worth falling, 3rd-party paper>100% NW | assets shrinking |
| 2017-09 | 4 | thin capital |  |
| 2017-12 | 4 |  |  |
| 2018-03 | 2 | delinquency rising | losing money, net worth falling, thin capital |
| 2018-06 | 3 | charge-offs p90, members leaving | delinquency rising |
| 2018-09 | 4 | assets shrinking |  |
| 2018-12 | 4 |  |  |
| 2019-03 | 3 |  | charge-offs p90 |
| 2019-06 | 3 | net worth falling | members leaving |
| 2019-09 | 2 |  | assets shrinking |
| 2019-12 | 2 |  |  |
| 2020-03 | 4 | thin capital, losing money |  |
| 2020-06 | 3 |  | losing money |
| 2020-09 | 5 | delinquency 2x band, delinquency rising |  |
| 2020-12 | 4 |  | delinquency 2x band |
| 2021-03 | 4 | charge-offs p90 | delinquency rising |
| 2021-06 | 2 |  | net worth falling, charge-offs p90 |
| 2021-09 | 2 |  |  |
| 2021-12 | 2 |  |  |
| 2022-03 | 3 | charge-offs p90 |  |
| 2022-06 | 4 | delinquency rising, assets shrinking | thin capital |
| 2022-09 | 5 | delinquency 2x band |  |
| 2022-12 | 6 | members leaving |  |
| 2023-03 | 5 |  | assets shrinking |
| 2023-06 | 5 |  |  |
| 2023-09 | 5 |  |  |
| 2023-12 | 5 | net worth falling | delinquency rising |
| 2024-03 | 7 | delinquency rising, repo signal |  |
| 2024-06 | 4 |  | net worth falling, delinquency rising, repo signal |
| 2024-09 | 5 | loan book shrinking |  |
| 2024-12 | 4 | delinquency rising | members leaving, loan book shrinking |
| 2025-03 | 8 | thin capital, net worth falling, losing money, members leaving, loan book shrinking | delinquency rising |
| 2025-06 | 4 |  | net worth falling, losing money, members leaving, loan book shrinking |
| 2025-09 | 4 | members leaving | thin capital |
| 2025-12 | 3 |  | members leaving |
| 2026-03 | 5 | losing money, assets shrinking |  |

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

- 2023-09-14 [Saginaw probationer faces life offense in robbery of local credit union - MLive.com](https://news.google.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?oc=5) · MLive.com
- 2023-02-01 [Cyril "Cy" A. Schultz Jr Obituary Feb 1, 2023 - W. L. Case and Company Funeral Directors - W. L. Case & Company Funeral Directors](https://news.google.com/rss/articles/CBMia0FVX3lxTE1LSFJJcU9XMHhFSUxMS1hQeVpxY3JSLTF3aUVkbklIM1FpbllVNS1ETElWVTVhZTNSdzJZMlRvelMyYXVKdTBBc2NCYjczQ0NrTVdweEE0bHlCM2pTYllZcHFRN3hTRVNhZ2w4?oc=5) · W. L. Case & Company Funeral Directors
- 2025-08-19 [Michigan Car Dealer Admits to $2 Million Auto Loan Fraud Scheme - CUTimes](https://news.google.com/rss/articles/CBMinwFBVV95cUxQNllPNE0wV25aM3dVa1ZBR2JiUk5WcVUxUXRLQUkxYjdOYksyaHdEUDhkZ1lERzdINkdGY0JZTnJRdmVsZWsyQ3Zua25qQW1tOVFSWWhUVTJSbi1GTGtnNG85YjFGWjVzMFllWk5NLTVGV2l2Y2xLZC1EQXdXTU9SQlJWbkpiZDZnb2ZZcTVXSWU3aV9IYWk2UVFoV1N1aXM?oc=5) · CUTimes
- 2025-04-25 [GOING THE EXTRA MILE: How a runner's widow is helping families through sudden loss - FOX 17 West Michigan News](https://news.google.com/rss/articles/CBMiwgFBVV95cUxNUG0xU21ma19XRmQtVkNhR3hfZ0lQNWpxZzFTQjFSV2VEN0lDc1lPZnlDVl9DRThIMzBqRWdqVHZvWmRGUTFhcC1obkk2SFBGeXVGdE52MmEtRnV1NWhPWFhrNWVmcmV1UEJiSnVvVGRyb0lRVjVnVTMyYUd1T1puUEttUTBwVFNHZHE2ZlFNbGMtYUlTZUlibDNyeThFakZCa182ajQ2Q0M1eGFJQVpxbVJPSDZuTDVNUGtZMFptVXBNdw?oc=5) · FOX 17 West Michigan News
- 2022-02-03 [Saginaw man sets car on fire in credit union parking lot after being denied fake ransom of $10,000 - MLive.com](https://news.google.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?oc=5) · MLive.com
- 2017-08-17 [Heartland Data Breach Update: Thousands of Institutions Impacted - BankInfoSecurity](https://news.google.com/rss/articles/CBMiogFBVV95cUxNWVEyRWhPeVlpYXZaX19sN1VhVk5zZ1RJb2xUMlNFUmhWdnU2c1NxVXRJcVBxYTJXM0ptVjFreVRaQjJQNkdoQmFKWmQxU3ZNMU5ROGRsbVVreFdIeUhHMmEwSjdnaHVoaDd3ZmhWQmdDX1huU3UyeFlYakxsMW1DTEJEMmVsR3BLelpjd0xENjB1eFBqOXFFcFdtc1lqVE44YlE?oc=5) · BankInfoSecurity
- 2024-06-12 [Saginaw man pleads guilty-as-charged to bank robbery - MLive.com](https://news.google.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?oc=5) · MLive.com
- 2024-07-26 [Bank robber apologizes to teller for traumatic experience, ordered to repay nearly $8,000 - MLive.com](https://news.google.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?oc=5) · MLive.com

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=61909 (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/21.json (key "61909", 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=61909
- 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