# FILER
Manistee, MI · NCUA charter 62010 · asset band $200-500M · latest filing 2026-03 · live
Share link (named URL with a preview card): https://getbookiq.com/cu/filer-62010

Who the members are: state charter, organized 1951. 13,252 members of 10,077,331 potential (0.1% of the field); checking penetration 69% (share draft accounts per 100 members); loans per 100 members 55.

**Verdict on the desk:** this could be *fortress*. Composite score 0 of 18 (one point per flag across 17 flags, capital below 7% counted twice).

## What the filing shows

| Measure | Value |
|---|---|
| Total assets | $258.5M |
| Members | 13,252 (3.0% YoY) |
| Full-time staff | 53 |
| Net worth | $32.8M |
| Net worth ratio | 12.7% (p69 of band) |
| ROA (annualized) | 1.28% (p83 of band) |
| Total delinquency | 0.57% (p47 of band) |
| Net charge-offs (annualized) | 0.30% (p42 of band) |
| Loans / shares | 66% (p32 of band) |
| Cash / assets | 7.2% |
| Borrowings / assets | 0.12% |
| Net interest margin | 3.44% (p41 of band) |
| Operating expense / assets | 2.91% (p20 of band) |
| Vehicles % of loans | 25% (p34 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 54% |
| Third-party paper % of net worth | 76% (p49 of band) |
| Vehicle delinquency | 1.45% (p87 of band) |
| Vehicle NCO | 0.44% (p39 of band) |
| Repossessed % of vehicle book | 0.00% (p25 of band) |
| Real estate % of loans | 56% |
| Credit cards % of loans | 2% |
| Unsecured % of loans | 6% |
| Commercial % of net worth | 22% |
| Core shares % of member funds | 61% |
| Certificates % of member funds | 21% |
| Average share balance | $7,436 |
| Participations bought / yr | $0 |
| Participations sold / yr | $0 |
| Participations outstanding | $3.3M |
| Loans outstanding per 100 members | 55% |
| Loans granted per 100 members, annualized | 21% |
| Average loan balance | $20,536 |
| Loans granted, annualized | $46.6M |

## Participation posture (from the same filings)

Bought $0 and sold $0 in the latest annualized quarter; $3.3M outstanding purchased (10.2% of net worth), $530,508 sold and retained. Sold in 3 and bought in 6 of the last 8 quarters. Shares 6.2% year over year.

## Flags firing in the latest filing

- none

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 0 |  |  |
| 2016-06 | 0 |  |  |
| 2016-09 | 0 |  |  |
| 2016-12 | 0 |  |  |
| 2017-03 | 0 |  |  |
| 2017-06 | 0 |  |  |
| 2017-09 | 0 |  |  |
| 2017-12 | 0 |  |  |
| 2018-03 | 1 | delinquency rising |  |
| 2018-06 | 0 |  | delinquency rising |
| 2018-09 | 0 |  |  |
| 2018-12 | 0 |  |  |
| 2019-03 | 0 |  |  |
| 2019-06 | 0 |  |  |
| 2019-09 | 0 |  |  |
| 2019-12 | 0 |  |  |
| 2020-03 | 1 | net worth falling |  |
| 2020-06 | 1 |  |  |
| 2020-09 | 1 |  |  |
| 2020-12 | 1 |  |  |
| 2021-03 | 1 |  |  |
| 2021-06 | 0 |  | net worth falling |
| 2021-09 | 0 |  |  |
| 2021-12 | 0 |  |  |
| 2022-03 | 0 |  |  |
| 2022-06 | 0 |  |  |
| 2022-09 | 1 | delinquency rising |  |
| 2022-12 | 1 |  |  |
| 2023-03 | 1 |  |  |
| 2023-06 | 1 |  |  |
| 2023-09 | 0 |  | delinquency rising |
| 2023-12 | 2 | delinquency rising, 3rd-party paper>100% NW |  |
| 2024-03 | 2 |  |  |
| 2024-06 | 3 | delinquency 2x band |  |
| 2024-09 | 2 |  | delinquency 2x band |
| 2024-12 | 0 |  | delinquency rising, 3rd-party paper>100% NW |
| 2025-03 | 0 |  |  |
| 2025-06 | 0 |  |  |
| 2025-09 | 0 |  |  |
| 2025-12 | 0 |  |  |
| 2026-03 | 0 |  |  |

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

- 2026-08-26 [Filer Credit Union partnership offers half-price admission to White Pine Village, maritime museum - MasonCountyPress.com](https://news.google.com/rss/articles/CBMi2AFBVV95cUxPTHdmNzNSQmE3bGMwazBwZDdNZ01faGZiSlJWTnlOTHp0QnlIYjFqUm9aUDB5LXFLQUlXcEtDb2l5Y3JrcmtaRWJpM1ZERFJ3ZHl4MHRKWWV6aUtoS3JRRGREeHE4NVJ6Q3Rsdy1ibklmNHhzQk9YU0d3eVBqeGJNNFowT0VhcFFGTEVha1dEdXIwbWNuNFBxaXZBWWhRdElyZGRpbVRCdkdjNWVFZ0VWWlVOYUJGeG56RzFGVzZaVFcyQjlZWGxPQ2YzWGlPUndpeDRPQ3RMUjY?oc=5) · MasonCountyPress.com
- 2021-09-29 [Filer Credit Union CEO: 'We are 70 years strong of serving this incredible community' - Manistee News Advocate](https://news.google.com/rss/articles/CBMipgFBVV95cUxQc0szZnZlSVpiWFpkSVJvcWxnQlRUXzF1U0JHU2VBdFROb3ZmN1ZEVUZTQVZRQWtjYnFkMHhLbHJqZHN2cDJvYS1NcjhIeXdVd0EySzlKVDktSHJ6N1JDeWc4WFVSdzQxN29leHBGdmlfa2lBakFHVFU4XzJ6VktQVFJDcDZyalpUSWcxcXltWXdzUi1oNnFXOUQwcFVfLXlDWEdMYURB?oc=5) · Manistee News Advocate
- 2023-06-29 [Filer Credit Union to open branch in Mason County - MasonCountyPress.com](https://news.google.com/rss/articles/CBMimgFBVV95cUxQeC1LUTJIaFJtRmhTcF9rVzljaWEtY1pPN2VoMXhubWZEOGpFNURzdmtOZmQ2SUZVb3JJQjR6ZTk0OWNEUkpEZnJ5UHdPMS1oNEMweHJhODc5WTc5VWU1WXlMcDRNN0NoaUJLekp2dVRDRm5JZ19Fc25Qb0dPbmtCcF9pX1c0dnJUbFZGWDFRQURQdEF0TEQ2b0dR?oc=5) · MasonCountyPress.com
- 2022-02-08 [Filer Credit Union names new CEO - Manistee News Advocate](https://news.google.com/rss/articles/CBMimAFBVV95cUxOVTVEcnBzSUpTV3JZWTc2YlZzVEZ3NXNaS2RBYVJOelc2ZUVDTkpaaHpQd0M0V01nWDBjb3c3VU5GVjhCT2tMamEtS1c0SEJWcUVadkExb0RSVkxUQ1JVNUttNTA5S2lvT2hXSEhZYVpadW1hamN4Ynd4dk9iV3JySFJxR0VRZFByMkVFbkRtZ05sOVlsekg1bQ?oc=5) · Manistee News Advocate
- 2026-08-18 [What business would you like to see come to Manistee next? - Big Rapids Pioneer](https://news.google.com/rss/articles/CBMilwFBVV95cUxOdjV1QlYtdlBicFQ3a1FRNmFPSWotSTViRkF4d2RNLTFmMXp2Wnpoc0J5VHNoU29oVDc4OURlc2FibGFfUnB4Y0JoODJ0cE5TN1ZoYUdCdzVmYXlVWXZ0SkJRUHFENUpqakFJMTV3NU1xSURNaGJySnRWRkRfSEgtRFNVTHpaazFjNFRGcWJXZTFNWEI4TVZZ?oc=5) · Big Rapids Pioneer
- 2026-09-09 [Mary Smith Obituary (1942 - 2026) - Manistee, MI - Manistee News Advocate - legacy.com](https://news.google.com/rss/articles/CBMijwFBVV95cUxNdzZjYkFxQmk1X09MSTh3NENzVFh6aVdVdTFoSXlnOGF5R2lWRkRtYUZyalNYVnVtMWFkMXdETXdTT2pXVkxPb2J0aXZsdTJUS3R3VmczaGNkM2htanRhTjVXSk9NekI1SDY0MUx6WXh0dlM5dU9ZdVB3d0ZEeHNUWkh0V0lUTVFOR0hjdHY4WQ?oc=5) · legacy.com
- 2025-05-24 [Boat Blog: The MV Kaye E. Barker visits Muskegon - MasonCountyPress.com](https://news.google.com/rss/articles/CBMilgFBVV95cUxNWWJBdFNMZjZGOFhBeGYyNlRETEoxX2Y4QUFWNjRpWFRLdkI1czJWSUxhWkhfdUxVWC02MnNRcEpzQ0ZCekJMWVpkVnlNN2JZTjFsOFFtSW56NG5zV2pNaFNjYnBTWnlweXRabjFQWEZGTE84UVVHNGRPc0Nxc18zcS1ybzktcEZfU09xY3FqMUItdGt4Y3c?oc=5) · MasonCountyPress.com
- 2026-07-06 [Check out the schedule for Bear Lake Days 2026 - Manistee News Advocate](https://news.google.com/rss/articles/CBMioAFBVV95cUxPaW9SX3pEWTduVF9YOTdNRTU1dnpxUW9YWHEwVHZHNkxQNVhvRlQ1WnA0U05wSTVsOU5GT1dlNjlaRzEzZ0djbnNJQVZWb0V6ZDFQclI0UWo5UWFqYlVPTnlfc3dnLVFNcG1KT052SkZzLVRHT19vQkhxc1NVaFhGRkVicVlGSjRMOHFNeFBJRUEwaXJKZU9NaWtQNmE2WHpp?oc=5) · Manistee News Advocate

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=62010 (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/58.json (key "62010", 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=62010
- 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