# GRATIOT COMMUNITY
Alma, MI · NCUA charter 61986 · asset band $50-100M · latest filing 2026-03 · live
Share link (named URL with a preview card): https://getbookiq.com/cu/gratiot-community-61986

Who the members are: state charter, organized 1955, low-income designated. 6,681 members of 700,881 potential (0.9% of the field); checking penetration 59% (share draft accounts per 100 members); loans per 100 members 65.

**Verdict on the desk:** this could be *indirect buyer*. 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 | $60.5M |
| Members | 6,681 (0.5% YoY) |
| Full-time staff | 22 |
| Net worth | $5.3M |
| Net worth ratio | 8.7% (p8 of band) |
| ROA (annualized) | 1.26% (p77 of band) |
| Total delinquency | 0.16% (p17 of band) |
| Net charge-offs (annualized) | 0.53% (p72 of band) |
| Loans / shares | 72% (p72 of band) |
| Cash / assets | 18.9% |
| Borrowings / assets | 0.00% |
| Net interest margin | 4.41% (p86 of band) |
| Operating expense / assets | 4.20% (p72 of band) |
| Vehicles % of loans | 59% (p76 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 65% |
| Third-party paper % of net worth | 286% (p97 of band) |
| Vehicle delinquency | 0.23% (p27 of band) |
| Vehicle NCO | 1.57% (p91 of band) |
| Repossessed % of vehicle book | 0.06% (p81 of band) |
| Real estate % of loans | 28% |
| Credit cards % of loans | 3% |
| Unsecured % of loans | 7% |
| Commercial % of net worth | 0% |
| Core shares % of member funds | 66% |
| Certificates % of member funds | 10% |
| Average share balance | $4,142 |
| Participations bought / yr | $0 |
| Participations sold / yr | $0 |
| Participations outstanding | – |
| Loans outstanding per 100 members | 65% |
| Loans granted per 100 members, annualized | 37% |
| Average loan balance | $9,077 |
| Loans granted, annualized | $27.9M |

## Flags firing in the latest filing

- **thin capital** (`cap_low`)
- **3rd-party paper>100% NW** (`str_thirdparty`)

## 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 | 2 |  |  |
| 2016-12 | 2 |  |  |
| 2017-03 | 3 | delinquency rising |  |
| 2017-06 | 2 |  | delinquency rising |
| 2017-09 | 3 | delinquency rising |  |
| 2017-12 | 3 |  |  |
| 2018-03 | 2 |  | delinquency rising |
| 2018-06 | 2 | delinquency rising | thin capital |
| 2018-09 | 2 |  |  |
| 2018-12 | 1 |  | delinquency rising |
| 2019-03 | 1 |  |  |
| 2019-06 | 1 |  |  |
| 2019-09 | 1 |  |  |
| 2019-12 | 1 |  |  |
| 2020-03 | 3 | net worth falling, delinquency rising |  |
| 2020-06 | 5 | thin capital, margin squeeze |  |
| 2020-09 | 4 |  | delinquency rising |
| 2020-12 | 4 |  |  |
| 2021-03 | 5 | losing money |  |
| 2021-06 | 3 |  | net worth falling, margin squeeze |
| 2021-09 | 2 |  | losing money |
| 2021-12 | 4 | delinquency rising, auto monoline |  |
| 2022-03 | 4 | net worth falling | delinquency rising |
| 2022-06 | 4 | delinquency rising | net worth falling |
| 2022-09 | 4 |  |  |
| 2022-12 | 4 |  |  |
| 2023-03 | 4 | charge-offs p90 | delinquency rising |
| 2023-06 | 3 |  | charge-offs p90 |
| 2023-09 | 3 |  |  |
| 2023-12 | 3 |  |  |
| 2024-03 | 4 | delinquency rising |  |
| 2024-06 | 4 |  |  |
| 2024-09 | 3 |  | delinquency rising |
| 2024-12 | 4 | loan book shrinking |  |
| 2025-03 | 6 | losing money, charge-offs p90 |  |
| 2025-06 | 6 | delinquency rising, repo signal | losing money, charge-offs p90 |
| 2025-09 | 2 |  | auto monoline, loan book shrinking, delinquency rising, repo signal |
| 2025-12 | 2 |  |  |
| 2026-03 | 2 |  |  |

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

- 2022-07-30 [Alice Margaret Schafer Obituary July 30, 2022 - Smith Family Funeral Homes](https://news.google.com/rss/articles/CBMickFVX3lxTE5OTk85ajQ0UUJCSnNPLWFsV3o1U1dpc2g0UTFlTlpTTUg2ckZ0OE5yUEdvcTc2ZTYzUExuaEdiSG9sTHZSOWVpY1Zqc2RuMFBvOGJwaF8yQW9kUlEtcUJRVGladldYaVhFc2tZampRU1podw?oc=5) · Smith Family Funeral Homes
- 2022-08-27 [‘Out of control’ values - thedailynews.cc](https://news.google.com/rss/articles/CBMia0FVX3lxTE5qOHZKdldTRjgzaW1PUkVQWFpuelc2WThTTFJneUVnZGk4SU1GdEctaWRtb1QzUWl2bkdOUGpDUHZxNUVDZHJNZFNkb3ljOE9rbml5QUpFVkdURGw0bGlnUVRhSmYxSmdIUmdR?oc=5) · thedailynews.cc
- 2019-01-02 [Detective Sgt. Morris named new Gratiot undersheriff - The Morning Sun](https://news.google.com/rss/articles/CBMimAFBVV95cUxOazhyQTM5WUltbEl0T0hPcW5lSkNoWTJJOUhqREZiVUhKRmwwNTFBQ3dtTGRzZlpZQ3pXVUVBazE2NlUtUlNNVEEyY29SbzI0T3VQLVFTZWpQdVNVWFZyUlZGdHJ4NE8tYlFsUXJOT0JjLWpxeWlpUHRtRVY1bm8yWk5YLXdEXzBzVmREVThiUTBGRjhpeWVCNg?oc=5) · The Morning Sun
- 2021-10-19 [Christopher D. Gruss - legacy.com](https://news.google.com/rss/articles/CBMilgFBVV95cUxPS3hkRUp1NlV5WTcyd0tnbUI4dVJlWVViTEtUQzZ1eG5LNXVhRVlhX3ZiN1RxTl9keTFOdmhOYklhRGRIaFU0eENfaGtxekdJWmt3QkhtSUFRcGNNVUVaX3Vnblg3S0dsMldzM0cwdGNSS2RIdlI0MFN6QWlpV3NCeUZoQVdJQ1RYSGdRVVZiTmhkOG9WeXc?oc=5) · legacy.com
- 2013-09-21 [Torrance Rogers Obituary September 21, 2013 - Smith Family Funeral Homes](https://news.google.com/rss/articles/CBMidEFVX3lxTE1QUGlnUkE4cndDY0czcVkwYjF1TWlVaW5XbXNoNS1od2NIa21SNkYxejBRYWUzUGVpelFKYnNVN0hRZ1lPQ0tjeDFicEFPcGJ2Slc2V0xaZkdGbjl0NG4xZW81a2dlNnJFUlBwaVR0SFNKUkdk?oc=5) · Smith Family Funeral Homes

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=61986 (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/34.json (key "61986", 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=61986
- 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