# PARKSIDE
WESTLAND, MI · NCUA charter 61985 · asset band $100-200M · latest filing 2023-12 · stopped filing after 2023-12 (departed; for a credit union that is almost always a merger)
Share link (named URL with a preview card): https://getbookiq.com/cu/parkside-61985

Who the members are: state charter, organized 1953. 13,414 members of 27,000 potential (49.7% of the field); checking penetration 81% (share draft accounts per 100 members); loans per 100 members 80.

**Verdict on the desk:** this could be *ordinary*. 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 | $170.2M |
| Members | 13,414 (-1.8% YoY) |
| Full-time staff | 49 |
| Net worth | $22.3M |
| Net worth ratio | 13.1% (p75 of band) |
| ROA (annualized) | -0.15% (p4 of band) |
| Total delinquency | 0.74% (p65 of band) |
| Net charge-offs (annualized) | 1.02% (p95 of band) |
| Loans / shares | 65% (p34 of band) |
| Cash / assets | 9.4% |
| Borrowings / assets | 0.00% |
| Net interest margin | 3.99% (p87 of band) |
| Operating expense / assets | 6.60% (p100 of band) |
| Vehicles % of loans | 22% (p19 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 0% |
| Third-party paper % of net worth | 0% (p29 of band) |
| Vehicle delinquency | 0.55% (p52 of band) |
| Vehicle NCO | 1.72% (p97 of band) |
| Repossessed % of vehicle book | 0.06% (p73 of band) |
| Real estate % of loans | 49% |
| Credit cards % of loans | 13% |
| Unsecured % of loans | 22% |
| Commercial % of net worth | 27% |
| Core shares % of member funds | 65% |
| Certificates % of member funds | 10% |
| Average share balance | $4,144 |
| Participations bought / yr | $696,278 |
| Participations sold / yr | $0 |
| Participations outstanding | – |
| Loans outstanding per 100 members | 80% |
| Loans granted per 100 members, annualized | 18% |
| Average loan balance | $9,134 |
| Loans granted, annualized | $23.4M |

## Flags firing in the latest filing

- **losing money** (`earn_negative`)
- **expense trap** (`earn_opex`)
- **charge-offs p90** (`aq_nco_high`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 2 | expense trap, delinquency 2x band |  |
| 2016-06 | 1 |  | delinquency 2x band |
| 2016-09 | 1 |  |  |
| 2016-12 | 1 |  |  |
| 2017-03 | 1 |  |  |
| 2017-06 | 1 |  |  |
| 2017-09 | 2 | delinquency 2x band |  |
| 2017-12 | 1 |  | delinquency 2x band |
| 2018-03 | 2 | delinquency rising |  |
| 2018-06 | 2 | net worth falling | delinquency rising |
| 2018-09 | 1 |  | net worth falling |
| 2018-12 | 1 |  |  |
| 2019-03 | 2 | charge-offs p90 |  |
| 2019-06 | 3 | members leaving |  |
| 2019-09 | 3 |  |  |
| 2019-12 | 4 | delinquency 2x band |  |
| 2020-03 | 4 |  |  |
| 2020-06 | 5 | net worth falling, margin squeeze | delinquency 2x band |
| 2020-09 | 4 |  | net worth falling |
| 2020-12 | 3 |  | members leaving |
| 2021-03 | 4 | net worth falling, delinquency 2x band | charge-offs p90 |
| 2021-06 | 2 |  | margin squeeze, net worth falling |
| 2021-09 | 1 |  | delinquency 2x band |
| 2021-12 | 1 |  |  |
| 2022-03 | 2 | net worth falling |  |
| 2022-06 | 2 | delinquency 2x band | net worth falling |
| 2022-09 | 4 | delinquency rising, charge-offs p90 |  |
| 2022-12 | 5 | assets shrinking |  |
| 2023-03 | 4 |  | assets shrinking |
| 2023-06 | 3 |  | delinquency rising |
| 2023-09 | 3 |  |  |
| 2023-12 | 3 | losing money | delinquency 2x band |

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

- 2023-07-26 [TRUE Community Credit Union, Parkside Credit Union announce merge - WILX](https://news.google.com/rss/articles/CBMingFBVV95cUxPdDIzWGhKWGc3bDh0bUxsWlhOODFpSktWYXlTaEhLeUNiOGZmbmdpRDdpNFF0WEdna3k5R1ZfLXJySUNmdVVzLTUtVUJWMWpDRlo0Ym9ycDZFN0dOTTd2cHJtdDU1b0VZd3pHOWRnYlhfcVl3WHFXbzl3ZnRHN3JMTGZ4VjM2REp1b3dJbjJZUktYUUtMY0tJTnJDME5vZ9IBsgFBVV95cUxNbXNMajk1WmViTi1reEx1MkVsVGRpOFQyRWt1Y21zQkQ1bVFjVzdnR19lNU1jYmFWTW16VnYzTEZCdEVxVWxLRF9XUFY3d2tBSHNOZE8zMEFvQjY0OEluOWMyQ1BfRWpfcEQ3LUFTMlY2Vm8zTVlPbDJ3dG13QVFPTUZuOUlubmdhZHc2dTZoNmNWVGZKbFY0NGU0dmlQekk2UVY3cjdObk04cG9qODFhMU9R?oc=5) · WILX
- 2017-01-17 [Parkside Credit Union expands in Westland - Observer and Eccentric Newspapers](https://news.google.com/rss/articles/CBMitAFBVV95cUxQWkpWekpxeUowd204Uk53NVRZOFFteFdWY3lsdXBuQzktdFloR1hOa2hEOF9RM05KcFpKUXVGdFp1TVhHUl9QcHZLVHBvb0hsM0RCQTVnM0NhaC0yZ21RYl9IQnh1T0puVWpqV3FJcTFDZk9PcTJybENIOXpmM3poY3pWYzZYcFY5bTZoZWZKOVdvRm9GdU1mSll2dkVEdDVnZFNpcTRWT1duUmdVWXNmcUxXU2c?oc=5) · Observer and Eccentric Newspapers
- 2020-09-20 [The Best Credit Unions to Work For - americanbanker.com](https://news.google.com/rss/articles/CBMikgFBVV95cUxQR05ZQlFBMzZiNG5sQjNyRW52UGpwNHJmaHJkWEhZbWNwaEt6eGFveldwdGxBaG9SUVJ6SnQ5dmtBU0VYUUF6TXpReU9FRThnWHdHcUI0X0g5NXBEWlFuSlhONXJ3dVRiRTlOYmdlN0FfU0JfUU9qeDN0dEVFZzhfYXpMN1plWm04dW44MUxfYlJsdw?oc=5) · americanbanker.com
- 2021-09-03 [Winona State drops season opener to UW-Parkside - Winona State University Athletics](https://news.google.com/rss/articles/CBMiqgFBVV95cUxQNGVoNW4wRXRQY21TdENVTmE4Q2hOcmxLWXdfc1FqaUxRN0dBMk1ZZ3diVjdxbUp0b1JxX040OXNOeVNhbkhSZG9lbGdhUjNvYmlVN1JHRGFzNWZwcHp3Vm9ySEdVMjhzRDZWcDFJMURWTE1XR3p5eEI2YVpqUXRCOHNlZUJJWW5LcDl5LW52dEsxbWk1QXh2M2RtUE9YQ2tZU3RhbHRHVm9qQQ?oc=5) · Winona State University Athletics
- 2023-11-21 [Wife and Mother AnnMarie Miller Worked in the Financial Industry, Loved Kids and Valued Education - The Saline Post](https://news.google.com/rss/articles/CBMiuwFBVV95cUxPVmZYR3o3YVQ0UUhScF9qWFQwaFNlSnVTeExnYzg4RjJxVFd6UlhuWVJfSGU5bzVEWFlncEI1Wk9GOUh0Z2NVTnV6dHJ4Wi15OS1MTHV6aTMyeGlQeDBVcDJtQnB5Zm04WWZENUdYWS1MWjRGSl9QYU5OM3dTbmNOSGxIOTVGRHNuMmd0dXAwcXFRN1JidDdkXzlLVVN5TndHWXNvZU9MN0oxRmVPV3FHVlk2OUZLWENCZjRF?oc=5) · The Saline Post
- 2013-12-17 [LEVERAGE Hires Lisa Burroughs - CUTimes](https://news.google.com/rss/articles/CBMic0FVX3lxTFBfOWFVa2lLV25nUC0yalFGeUIxWjRjdGpnbWR6TVlWZUloVDczQVk4U3V6dVNsd2RGY1JUUGlHMFdWSHk3WVlsZHdwNUJnOHZKc25qdF83ODdhakVWX0Q3TXNlb1J6WXZJSGgyd1JRX3hKLUU?oc=5) · CUTimes
- 2017-08-17 [Heartland Data Breach Update: Thousands of Institutions Impacted - BankInfoSecurity](https://news.google.com/rss/articles/CBMiogFBVV95cUxNWVEyRWhPeVlpYXZaX19sN1VhVk5zZ1RJb2xUMlNFUmhWdnU2c1NxVXRJcVBxYTJXM0ptVjFreVRaQjJQNkdoQmFKWmQxU3ZNMU5ROGRsbVVreFdIeUhHMmEwSjdnaHVoaDd3ZmhWQmdDX1huU3UyeFlYakxsMW1DTEJEMmVsR3BLelpjd0xENjB1eFBqOXFFcFdtc1lqVE44YlE?oc=5) · BankInfoSecurity
- 2015-07-09 [Parkside Credit Union announces new president/CEO - Observer and Eccentric Newspapers](https://news.google.com/rss/articles/CBMiuwFBVV95cUxPbDA1U05KWHJna0tydnRwTnhfTzZUQkpINnJ5VGotTlRCbnVqR3Rvb2pCQjgtUkVWa0MzejU5MGY1bGh4dXU1ZzFtMmc3TXdfLUhXVHAxX0pnVmRLcTIzQ01tM3EyR3IzbEVhUGhSM1EwcHhQMXMwekk5Nzk5bDlEOTFCeTEza05uNWQ5Nm4tV0tKbGN1cHluWXhDaUV4dVBwUzRmN0M1OE5SdlZ2eWpVZHNDbXpNYU9kRjhn?oc=5) · Observer and Eccentric Newspapers

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=61985 (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/33.json (key "61985", 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=61985
- 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