# NORTH CENTRAL AREA
Houghton Lake, MI · NCUA charter 61953 · asset band $200-500M · latest filing 2026-03 · live
Share link (named URL with a preview card): https://getbookiq.com/cu/north-central-area-61953

Who the members are: state charter, organized 1956, low-income designated. 20,236 members of 10,127,884 potential (0.2% of the field); checking penetration 59% (share draft accounts per 100 members); loans per 100 members 73.

**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 | $269.4M |
| Members | 20,236 (-1.9% YoY) |
| Full-time staff | 59 |
| Net worth | $30.5M |
| Net worth ratio | 11.3% (p52 of band) |
| ROA (annualized) | 1.38% (p87 of band) |
| Total delinquency | 0.88% (p72 of band) |
| Net charge-offs (annualized) | 0.23% (p33 of band) |
| Loans / shares | 80% (p65 of band) |
| Cash / assets | 12.9% |
| Borrowings / assets | 0.00% |
| Net interest margin | 4.37% (p90 of band) |
| Operating expense / assets | 4.55% (p85 of band) |
| Vehicles % of loans | 53% (p84 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 62% |
| Third-party paper % of net worth | 214% (p83 of band) |
| Vehicle delinquency | 0.52% (p47 of band) |
| Vehicle NCO | 0.29% (p28 of band) |
| Repossessed % of vehicle book | 0.00% (p25 of band) |
| Real estate % of loans | 31% |
| Credit cards % of loans | 4% |
| Unsecured % of loans | 6% |
| Commercial % of net worth | 7% |
| Core shares % of member funds | 52% |
| Certificates % of member funds | 27% |
| Average share balance | $5,547 |
| Participations bought / yr | $0 |
| Participations sold / yr | $0 |
| Participations outstanding | $792,856 |
| Loans outstanding per 100 members | 73% |
| Loans granted per 100 members, annualized | 19% |
| Average loan balance | $13,010 |
| Loans granted, annualized | $96.5M |

## Participation posture (from the same filings)

Bought $0 and sold $0 in the latest annualized quarter; $792,856 outstanding purchased (2.6% of net worth), $33,839 sold and retained. Sold in 0 and bought in 0 of the last 8 quarters. Shares 8.5% 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 | 1 | 3rd-party paper>100% NW |  |
| 2016-06 | 1 |  |  |
| 2016-09 | 2 | net worth falling |  |
| 2016-12 | 1 |  | net worth falling |
| 2017-03 | 3 | losing money, charge-offs p90 |  |
| 2017-06 | 2 | members leaving | losing money, charge-offs p90 |
| 2017-09 | 1 |  | members leaving |
| 2017-12 | 1 |  |  |
| 2018-03 | 1 |  |  |
| 2018-06 | 1 |  |  |
| 2018-09 | 1 |  |  |
| 2018-12 | 3 | delinquency 2x band, delinquency rising |  |
| 2019-03 | 1 |  | delinquency 2x band, delinquency rising |
| 2019-06 | 2 | delinquency rising |  |
| 2019-09 | 2 |  |  |
| 2019-12 | 1 |  | delinquency rising |
| 2020-03 | 1 |  |  |
| 2020-06 | 3 | thin capital, net worth falling |  |
| 2020-09 | 4 | loan book shrinking |  |
| 2020-12 | 6 | margin squeeze, delinquency 2x band, members leaving | loan book shrinking |
| 2021-03 | 7 | losing money |  |
| 2021-06 | 6 |  | delinquency 2x band |
| 2021-09 | 6 |  |  |
| 2021-12 | 6 |  |  |
| 2022-03 | 2 |  | net worth falling, margin squeeze, members leaving, losing money |
| 2022-06 | 3 | delinquency rising |  |
| 2022-09 | 2 |  | delinquency rising |
| 2022-12 | 4 | delinquency rising, assets shrinking |  |
| 2023-03 | 5 | losing money |  |
| 2023-06 | 3 |  | delinquency rising, losing money |
| 2023-09 | 3 | delinquency 2x band, delinquency rising | thin capital, assets shrinking |
| 2023-12 | 2 |  | delinquency 2x band |
| 2024-03 | 2 |  |  |
| 2024-06 | 2 |  |  |
| 2024-09 | 2 | delinquency 2x band | delinquency rising |
| 2024-12 | 3 | delinquency rising |  |
| 2025-03 | 3 |  |  |
| 2025-06 | 3 | members leaving | delinquency rising |
| 2025-09 | 3 |  |  |
| 2025-12 | 2 |  | members leaving |
| 2026-03 | 1 |  | delinquency 2x band |

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

- 2026-03-23 [June Evelyn Haines Obituary (2026) - Grayling, MI - Sorenson-Lockwood Funeral Home - Grayling - legacy.com](https://news.google.com/rss/articles/CBMif0FVX3lxTFBjTmFDTE1FTlBqZUU0c1lSN2kxZzVQM29VTjV4SXNqbUNobC1OMEI5UnZ4cGZzRFJPOVYtaWRycDB3NXlXZ3o1SERrM2RXOTdFaHZ5T3VNbWhtRFZVTEZ4ZXlGZzRyQ1VTWWJWTHVqOEdPRUMtTXhxT1dhWVFMRFk?oc=5) · legacy.com
- 2024-05-21 [Lynne Kay Debo Obituary May 21, 2024 - W. L. Case and Company Funeral Directors - W. L. Case & Company Funeral Directors](https://news.google.com/rss/articles/CBMiY0FVX3lxTE9HLUtyQWVaMHFkNWNpQXNqT3RTeUJFd0x4UDdTOFJQckRWazBSYXI0OUswVTlocVRQZjVFWk1UZDR1SDhFUjdnNzBINjUtc2xKU1lhbHBDQk9qWFZReHRWcE54Yw?oc=5) · W. L. Case & Company Funeral Directors
- 2026-03-26 [Roscommon food distribution Saturday at bus garage - Houghton Lake Resorter](https://news.google.com/rss/articles/CBMingFBVV95cUxQSXhKakdFNmFnTDI2Zmk2b3ltc2lrNE1XUXptMXRqb0M5YWRxMXdzbVlyb2xSaDdXTVF4MmpVb3VMcklfV003dElkWW5GY18tZmh2cjBXM0EwNVYxVVZ3VlB1cVh4NWxXckIxVC1WY1pfNm80UkFpUmZWR0pvcXNIMURNRU5rRFFPb0g0eFB3Z0Y1RE9vS1psNHRjT2lMdw?oc=5) · Houghton Lake Resorter
- 2024-07-11 [Lynne Kay Debo - Houghton Lake Resorter](https://news.google.com/rss/articles/CBMibkFVX3lxTE1uSjU4MURRamRtTW9YVUdkTVJSanNPNExHSjMyUUZjNDZud3RUM3ZkMng2bXRTeDlkWEVCUDFFMnJpRVB4Z0ZhaEVUY05ONDNnWlFrVlFFZWR4Z2JSY0dnMW15Mm5Ya3QtWXhyOEln?oc=5) · Houghton Lake Resorter
- 2018-06-14 [District Health Department moves offices in Prudenville - Houghton Lake Resorter](https://news.google.com/rss/articles/CBMipAFBVV95cUxPeGkzT0IxSzMyM3o5ZmZRdGdublh2V2F5WERuU2FWQk5jWTJBTWFtUXhMQXJQWV9rc1h2aDNUbFRMOUxiRGY0ZE5VSFZXTEdmZmViMmhUci1lQjNRM0xOOUV2ZmZxYURleHVtbVQzQ043X1liUUNoaVh3N29kbzBIZWFtWjgySVUzd09vUDduUkpQR244a3dXVThWdzViMldIYlNENA?oc=5) · Houghton Lake Resorter
- 2022-01-06 [MASONIC OFFICERS FOR 2022 - Houghton Lake Resorter](https://news.google.com/rss/articles/CBMifEFVX3lxTE1sMGZpaFhzb0tmQlJvUW81b3RPb1UxTnBmZ29OeFRMRUZSMDVydThJMDlqOXhBNjlmeEdkMXVUWDJjTGRHcFJ6ZVpYOVItemJYeEo2bWpVODhid2l2Yk0tS1QwYXNKM1RFRU5GdVpxUm9tQlJldFdJTHczcEQ?oc=5) · Houghton Lake Resorter
- 2017-09-28 [Denton Township pickleball courts now open - Houghton Lake Resorter](https://news.google.com/rss/articles/CBMikwFBVV95cUxOV3JMUWJUUVNwTWE3WXdLTzQyaV9oSmY4XzZvM01yTWZOR2tiZF82NXpXby16Q2lOSUFRQTFBaE1CS01YdVJHbVFMSHFRSHJISlhfZmNOY291UXVwVWs4ZENPQndEdkZGZXlGX3pLbUppTkdrRnlJaS15Mll4NFBaUzQ0Wm9hOE05T0JxY1lZWjJab3c?oc=5) · Houghton Lake Resorter
- 2014-10-23 [SPECIAL TIP-UP TOWN SHIRT ON SALE - Houghton Lake Resorter](https://news.google.com/rss/articles/CBMihwFBVV95cUxPaHBpekx1d1Z4LW04d2Y0ZG9ISVA2bEtIR1BqbVF4VjlSTDdCck1KOTRzaS1lQkNBQTMzSWJxblJHTXlPdnhhc0JtOURyS0c1eUpoTkxHenp6ZkowbFdyaW1xazZrblNlQ05UR3dKVEhsdDI3bmowaG5DVzgtdF9HNnlmR2Q4WjQ?oc=5) · Houghton Lake Resorter

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=61953 (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 "61953", 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=61953
- 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