# EDUCATION PLUS
MONROE, MI · NCUA charter 62008 · asset band $100-200M · latest filing 2018-03 · stopped filing after 2018-03 (departed; for a credit union that is almost always a merger)
Share link (named URL with a preview card): https://getbookiq.com/cu/education-plus-62008

Who the members are: state charter, organized 1957, low-income designated. 14,736 members of 50,000 potential (29.5% of the field); checking penetration 42% (share draft accounts per 100 members); loans per 100 members 50.

**Verdict on the desk:** this could be *fortress*. 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 | $120.5M |
| Members | 14,736 (1.3% YoY) |
| Full-time staff | 23 |
| Net worth | $19.0M |
| Net worth ratio | 15.8% (p93 of band) |
| ROA (annualized) | 1.13% (p88 of band) |
| Total delinquency | 1.29% (p87 of band) |
| Net charge-offs (annualized) | 0.96% (p89 of band) |
| Loans / shares | 69% (p44 of band) |
| Cash / assets | 10.2% |
| Borrowings / assets | 0.00% |
| Net interest margin | 3.27% (p62 of band) |
| Operating expense / assets | 2.59% (p13 of band) |
| Vehicles % of loans | 40% (p56 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 0% |
| Third-party paper % of net worth | 0% (p17 of band) |
| Vehicle delinquency | 1.68% (p93 of band) |
| Vehicle NCO | 1.44% (p89 of band) |
| Repossessed % of vehicle book | 0.00% (p29 of band) |
| Real estate % of loans | 33% |
| Credit cards % of loans | 7% |
| Unsecured % of loans | 11% |
| Commercial % of net worth | 6% |
| Core shares % of member funds | 59% |
| Certificates % of member funds | 12% |
| Average share balance | $4,255 |
| Participations bought / yr | $0 |
| Participations sold / yr | $0 |
| Participations outstanding | – |
| Loans outstanding per 100 members | 50% |
| Loans granted per 100 members, annualized | 58% |
| Average loan balance | $9,497 |
| Loans granted, annualized | $35.8M |

## Flags firing in the latest filing

- **delinquency 2x band** (`aq_dq_high`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 0 |  |  |
| 2016-06 | 1 | delinquency 2x band |  |
| 2016-09 | 1 |  |  |
| 2016-12 | 1 |  |  |
| 2017-03 | 1 |  |  |
| 2017-06 | 0 |  | delinquency 2x band |
| 2017-09 | 1 | delinquency 2x band |  |
| 2017-12 | 1 |  |  |
| 2018-03 | 1 |  |  |

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

- 2018-06-26 [Education Plus Credit Union acquired by Directions Credit Union - Monroe Evening News](https://news.google.com/rss/articles/CBMisgFBVV95cUxOOWNTYkE0amdfbEdaVmF2dDJERUhaV0dyRTVMaVJfaHhxcXNlUTBKRzJNa2dXc19mRE5JZkVNVXdVbWFETmdlVVcweW42SFV6NzhDX0hEQWp6OFJUZzVadFV3SzlXeUhBdlJkWnpZSTRLNDZaeE84OVZJUXFvYWU0SWFlQ290MHNjUTU0UmxTWU9lRDlJWG1ST2hUV21JM08yamk1RE5MMWtNNVZBMWRpd1Zn?oc=5) · Monroe Evening News
- 2014-02-28 [Accused Lambertville bank robber held on $100,000 bond - WNWO](https://news.google.com/rss/articles/CBMiiAFBVV95cUxNbW5ocEhmWkVnT2ZxX1ExUGd0SUZkQzFCemVmYVM0NnlUaG4zODZHT1l4TjR1c09Xd2l6b1EzMDcyNjhEaUxOMEZ2NTc5Nk9SNWhmcWt2dFZ1WkRjU3ZPYUNnbFZucGQ5eFYwNXh6NkRnd3lYT2FJamJSVzFBYk12MENFRi0xd2N6?oc=5) · WNWO
- 2016-09-10 [Craig Ries Obituary (1986 - 2016) - Norwalk, OH - Monroe News - legacy.com](https://news.google.com/rss/articles/CBMijAFBVV95cUxQWEZ3NXVvcmVTRUo5OG5WUGxRbTFSR3dUUTE5UnA0Yl9SOHdzakhFRWlqRFJwNmNsd19teTBGM2VSYkhoLUYtR1lfRm5CdHZ6Z1o5c0VINXRVMWNkN0ItQ1YyX2F5WmVnRW1ocVZ2SVROSnBNTXFad3VpZXQ3cC1BcTE0eGNmRmZjS1JwdA?oc=5) · legacy.com
- 2017-08-05 [4-H horse arena has new judging stand - Monroe Evening News](https://news.google.com/rss/articles/CBMiiAFBVV95cUxQVFVSbFBscXpZYXlObjJES0RDUW43ZFBrSjdMeFhEdG9LdE1faWNmOURiY29RLUY0RWNVOXRMYmZzdDhERWIwTlQyRmNqODB4TGphSHBQRTBtampHTXlteVdKQWxaZ1RUaHZXVjM1RUdkVmQ4a2cxdGRfQngyUmwtbFhLSmJacURT?oc=5) · Monroe Evening News
- 2018-10-02 [Here are all of the banks that currently support Apple Pay - imore.com](https://news.google.com/rss/articles/CBMid0FVX3lxTE9ZY3JkQUdrNTNjWmMzVFk2QXBlWExaRnI3bjVsQ28wVlFRWUc5TEVWMm5TWkZ6RmtKTTNZRUhKbExyS25yb2pnRTc5VklBeW13Mzk0aU9MWVNGbHpiMDJUM1pfOVFvdFhCdGpNLUJQVG9ybXYzNlc4?oc=5) · imore.com

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=62008 (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/56.json (key "62008", 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=62008
- 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