# BEST FINANCIAL
MUSKEGON, MI · NCUA charter 62027 · asset band $100-200M · latest filing 2026-03 · live
Share link (named URL with a preview card): https://getbookiq.com/cu/best-financial-62027

Who the members are: state charter, organized 1955, low-income designated. 12,930 members of 1,221,070 potential (1.1% of the field); checking penetration 60% (share draft accounts per 100 members); loans per 100 members 64.

**Verdict on the desk:** this could be *ordinary*. Composite score 4 of 18 (one point per flag across 17 flags, capital below 7% counted twice).

## What the filing shows

| Measure | Value |
|---|---|
| Total assets | $156.1M |
| Members | 12,930 (-4.4% YoY) |
| Full-time staff | 40 |
| Net worth | $22.7M |
| Net worth ratio | 14.6% (p80 of band) |
| ROA (annualized) | 0.02% (p9 of band) |
| Total delinquency | 1.61% (p89 of band) |
| Net charge-offs (annualized) | 0.73% (p81 of band) |
| Loans / shares | 79% (p69 of band) |
| Cash / assets | 14.3% |
| Borrowings / assets | 0.00% |
| Net interest margin | 3.74% (p55 of band) |
| Operating expense / assets | 4.55% (p79 of band) |
| Vehicles % of loans | 44% (p62 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 21% |
| Third-party paper % of net worth | 56% (p58 of band) |
| Vehicle delinquency | 2.55% (p94 of band) |
| Vehicle NCO | 0.39% (p43 of band) |
| Repossessed % of vehicle book | 0.27% (p89 of band) |
| Real estate % of loans | 35% |
| Credit cards % of loans | 5% |
| Unsecured % of loans | 7% |
| Commercial % of net worth | 24% |
| Core shares % of member funds | 57% |
| Certificates % of member funds | 25% |
| Average share balance | $4,440 |
| Participations bought / yr | $0 |
| Participations sold / yr | $0 |
| Participations outstanding | $3.2M |
| Loans outstanding per 100 members | 64% |
| Loans granted per 100 members, annualized | 10% |
| Average loan balance | $12,577 |
| Loans granted, annualized | $26.1M |

## Participation posture (from the same filings)

Bought $0 and sold $0 in the latest annualized quarter; $3.2M outstanding purchased (13.9% of net worth), $0 sold and retained. Sold in 0 and bought in 1 of the last 8 quarters. Shares 11.9% year over year.

## Flags firing in the latest filing

- **net worth falling** (`cap_falling`)
- **delinquency 2x band** (`aq_dq_high`)
- **delinquency rising** (`aq_dq_rising`)
- **members leaving** (`shrink_members`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 0 |  |  |
| 2016-06 | 0 |  |  |
| 2016-09 | 1 | repo signal |  |
| 2016-12 | 0 |  | repo signal |
| 2017-03 | 2 | net worth falling, delinquency rising |  |
| 2017-06 | 0 |  | net worth falling, delinquency rising |
| 2017-09 | 0 |  |  |
| 2017-12 | 0 |  |  |
| 2018-03 | 0 |  |  |
| 2018-06 | 1 | net worth falling |  |
| 2018-09 | 0 |  | net worth falling |
| 2018-12 | 0 |  |  |
| 2019-03 | 0 |  |  |
| 2019-06 | 0 |  |  |
| 2019-09 | 0 |  |  |
| 2019-12 | 1 | delinquency rising |  |
| 2020-03 | 1 | net worth falling | delinquency rising |
| 2020-06 | 1 |  |  |
| 2020-09 | 2 | margin squeeze |  |
| 2020-12 | 2 |  |  |
| 2021-03 | 2 |  |  |
| 2021-06 | 0 |  | net worth falling, margin squeeze |
| 2021-09 | 1 | delinquency rising |  |
| 2021-12 | 1 | expense trap | delinquency rising |
| 2022-03 | 2 | net worth falling |  |
| 2022-06 | 2 | delinquency rising | net worth falling |
| 2022-09 | 2 |  |  |
| 2022-12 | 0 |  | expense trap, delinquency rising |
| 2023-03 | 1 | net worth falling |  |
| 2023-06 | 1 | delinquency rising | net worth falling |
| 2023-09 | 1 |  |  |
| 2023-12 | 1 |  |  |
| 2024-03 | 1 |  |  |
| 2024-06 | 1 |  |  |
| 2024-09 | 0 |  | delinquency rising |
| 2024-12 | 0 |  |  |
| 2025-03 | 1 | delinquency rising |  |
| 2025-06 | 1 | expense trap | delinquency rising |
| 2025-09 | 0 |  | expense trap |
| 2025-12 | 3 | losing money, delinquency rising, members leaving |  |
| 2026-03 | 4 | net worth falling, delinquency 2x band | losing money |

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

- 2026-02-05 [America’s Best Financial Services of 2026 - Time Magazine](https://news.google.com/rss/articles/CBMicEFVX3lxTFBoTkN6VU5WZHhwQjZqdk9LVVdGTUdJVHUyX2NBR09wOGVaOWtkaGNJeWpBeG1QZGh4Zk9GSE1nVkgtUzRZYUxSeGlNUUJFU0xCdG0wc0xLbHM0MXRPSEc3X2hJVTZuUWxHUTJaMWZnNVE?oc=5) · Time Magazine
- 2026-05-18 [How to Find Cheap or Free Financial Advice - NerdWallet](https://news.google.com/rss/articles/CBMifkFVX3lxTFBHdUJWRDBLVXVzNzhUU1FtLUYza0EzUkRfNjN0U0oxdWlTTE9JUnVLdVpheVFhTUVuMEtBWFI2aVVYLUpvMl8tVV9nSUdkWkFHemJDV2o5bHhWQlZITGNYLWFrR0RrQXF6aUhCRXhGQlgyUGpOOWQzT1FkSHlhdw?oc=5) · NerdWallet
- 2025-12-04 [We Found the Top Credit Unions: 6 Best Credit Unions - NerdWallet](https://news.google.com/rss/articles/CBMiY0FVX3lxTFBCTFlBakNVVk5za0RuYWs3ZVlXSVVIMXRfTjRKUTlnbERrb0xDa0FDdXB2UDdWeHpoaGpNb2hXZGhQWTJRY1dXVTRkRnVzU0JWRFF4NU9lYU9KUV9YQjNpM2pVaw?oc=5) · NerdWallet
- 2016-09-27 [Watch Muskegon Go: Best Financial Credit Union Offers Banking Alternative - WZZM13.com](https://news.google.com/rss/articles/CBMi9gFBVV95cUxNV3RJU2dXYk1JRUtYSU4xZXZ1WUxYa3FQWU16dVlnVmk0ZjNNdXV3cmJrQnUwWlh5UU1iYllhM3R5VjNjMXJZSFhxblhGWTVPTnIzdzRNUWlRYzA0NXBUUjZiMmNGdkU3VnhvajBVcVJ0Vk1XaVFycTQ0Ym94VWNMRmtwd09SQ21pbGFrQnF4anQ5SzBpb0RoSXcyNWxJdU5pVnFsNTBwTkpleVROSjF1dVFLVXpnemdEcHFOOWtCY3BSTVBROVpHUWM1aUhTZEZxTE92OXVvNXlzdjROVEdhNmVDREI5bHUzbkxYbktNV05zTzRKa0E?oc=5) · WZZM13.com
- 2025-04-29 [Best Banks and Credit Unions in North Carolina of 2025 - businessinsider.com](https://news.google.com/rss/articles/CBMinAFBVV95cUxQVjFCRTdBUWxmZE1VRzE2Zk9mSkRLeFhCLUxxdkQ5Y3Z3X2dDZ2ZsNk4zY2lFUkpROGpOYlhvT01VUFh6T0d4RmxuS0VhZ3JBOG1VNWRxVTFRNHlWaHZfR3BHOWVROXRDM3plT19IQTRCdXBJaXhLRHZtdVNWX1NqOGxoQVVqYXZ3SjFRa0tMZG5rNDdnVVJvdVNSeFA?oc=5) · businessinsider.com
- 2026-01-07 [Best Banks and Credit Unions of 2026 - NerdWallet](https://news.google.com/rss/articles/CBMicEFVX3lxTE9SUGl2YUZhem90ZDYtV1lvbHEwTURmc3A1QjNtQ0MxTnJfdHdhZDkyTVFOR0YtMlBUUmVkRGo2a2JFa3ZRQ3FzbzBxZDlpbm5vNVhobFJld0hUTVBhWW5OWTc1U2lOWEsxbkowOXZUM0w?oc=5) · NerdWallet
- 2024-10-08 [Best Banks and Credit Unions in Michigan for 2025 - money.com](https://news.google.com/rss/articles/CBMiZ0FVX3lxTE9HaHlmV1c0c2k2dU1SLTNEaWRDaWF5Zk9pWlFTY1lPQzZHNTA5Yi1KVFNLOVlkaVExQlNuYkxFNW9ZeEUtRk93RFZmYU5KUlhIRnhkbnVkSkZhZnJTdV8xUDcwSUJ1Mkk?oc=5) · money.com
- 2026-06-08 [Captain Fethke Obituary (2026) - Norton Shores, MI - Muskegon Chronicle - MLive.com](https://news.google.com/rss/articles/CBMikAFBVV95cUxONmhPeEhOX3BTYzZkbFptRnlyMC0zVTdWTzBtVEdESTJ4ZnhxNTIwOFJ5TFBTSEdOcGVRQ2t3YWp2Q2FEZVdBU2lTMzBIUHpFeWFWTlIzbUZqS3N6dDJQeVFXd1RnN2VDNWwtaW1rSGtYaEtFYzhrT2gyaDY0YkxuanA2UDRfbHNwV3o1dk9WYWE?oc=5) · MLive.com

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=62027 (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/11.json (key "62027", 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=62027
- 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