# OUR
Royal Oak, MI · NCUA charter 62028 · asset band $200-500M · latest filing 2026-03 · live
Share link (named URL with a preview card): https://getbookiq.com/cu/our-62028

Who the members are: state charter, organized 1959. 23,532 members of 100,000 potential (23.5% of the field); checking penetration 63% (share draft accounts per 100 members); loans per 100 members 173.

**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 | $369.8M |
| Members | 23,532 (0.1% YoY) |
| Full-time staff | 73 |
| Net worth | $36.7M |
| Net worth ratio | 9.9% (p28 of band) |
| ROA (annualized) | 0.53% (p37 of band) |
| Total delinquency | 0.45% (p36 of band) |
| Net charge-offs (annualized) | 0.53% (p65 of band) |
| Loans / shares | 66% (p33 of band) |
| Cash / assets | 16.1% |
| Borrowings / assets | 0.00% |
| Net interest margin | 3.59% (p53 of band) |
| Operating expense / assets | 3.82% (p55 of band) |
| Vehicles % of loans | 42% (p67 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 63% |
| Third-party paper % of net worth | 564% (p100 of band) |
| Vehicle delinquency | 0.71% (p60 of band) |
| Vehicle NCO | 1.00% (p69 of band) |
| Repossessed % of vehicle book | 0.05% (p62 of band) |
| Real estate % of loans | 33% |
| Credit cards % of loans | 3% |
| Unsecured % of loans | 7% |
| Commercial % of net worth | 91% |
| Core shares % of member funds | 71% |
| Certificates % of member funds | 19% |
| Average share balance | $7,274 |
| Participations bought / yr | $14.0M |
| Participations sold / yr | $0 |
| Participations outstanding | $102.4M |
| Loans outstanding per 100 members | 173% |
| Loans granted per 100 members, annualized | 112% |
| Average loan balance | $5,529 |
| Loans granted, annualized | $77.9M |

## Participation posture (from the same filings)

Bought $14.0M and sold $0 in the latest annualized quarter; $102.4M outstanding purchased (278.7% of net worth), $3.3M sold and retained. Sold in 0 and bought in 8 of the last 8 quarters. Shares 1.2% year over year.

## Flags firing in the latest filing

- **net worth falling** (`cap_falling`)
- **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 | 2 |  |  |
| 2017-06 | 2 |  |  |
| 2017-09 | 1 |  | thin capital |
| 2017-12 | 1 |  |  |
| 2018-03 | 2 | thin capital |  |
| 2018-06 | 1 |  | thin capital |
| 2018-09 | 1 |  |  |
| 2018-12 | 1 |  |  |
| 2019-03 | 2 | net worth falling |  |
| 2019-06 | 2 | repo signal | net worth falling |
| 2019-09 | 1 |  | repo signal |
| 2019-12 | 1 |  |  |
| 2020-03 | 2 | net worth falling |  |
| 2020-06 | 3 | thin capital |  |
| 2020-09 | 2 |  | net worth falling |
| 2020-12 | 3 | margin squeeze |  |
| 2021-03 | 4 | net worth falling |  |
| 2021-06 | 4 |  |  |
| 2021-09 | 3 |  | margin squeeze |
| 2021-12 | 3 |  |  |
| 2022-03 | 3 |  |  |
| 2022-06 | 3 | delinquency rising | net worth falling |
| 2022-09 | 3 |  |  |
| 2022-12 | 3 |  |  |
| 2023-03 | 5 | charge-offs p90, repo signal |  |
| 2023-06 | 5 |  |  |
| 2023-09 | 5 | assets shrinking | delinquency rising |
| 2023-12 | 5 | loan book shrinking | repo signal |
| 2024-03 | 6 | delinquency rising |  |
| 2024-06 | 4 |  | thin capital, delinquency rising |
| 2024-09 | 2 |  | assets shrinking, loan book shrinking |
| 2024-12 | 2 |  |  |
| 2025-03 | 1 |  | charge-offs p90 |
| 2025-06 | 1 |  |  |
| 2025-09 | 1 |  |  |
| 2025-12 | 1 |  |  |
| 2026-03 | 2 | net worth falling |  |

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

- 2026-09-01 [Limestone Financial Credit Union and LSSU host financial reality fair - sooleader.com](https://news.google.com/rss/articles/CBMitgFBVV95cUxOU3ROYlZnNnRUSUhmSlZCUHZCYmZMMURraWdZWG95a3BsY2lTbUo4b1pFVEw1ZnpDMVF6elhMQmtlRy1rUTlNNnVUcWpPd0liazNpcV9VNjRJQ0xMandTeTJDUmtCNmNrSnVrZklzRVFMU2hKUE1SeHlUNmoyaEdaRFdJN3hRODRCTGRuczhlbVBlMjdpZnhmZEtzaV95bUVHaXFxRWJSV0k5TFQ1RzI0dmx5dUJYdw?oc=5) · sooleader.com
- 2026-01-28 [Consumers Credit Union announces leadership promotions and new strategic business hire for 2026 - CUInsight](https://news.google.com/rss/articles/CBMi0gFBVV95cUxQNzdVQ3dFRTM0TW9uanY1Tjd2NnoxcUdUaE1fT3czUjdDNUtFX29oZWhKVHloYkdIeDdZX2piZ0tpM0JwaG8xbTBwRUhkd2lpNlZIdGdyVE9OMDV4OG9vQXNEejNZUkRrOFdLV3VYX0dzSzRpLVZWQWk0ZmZrRThzSnBKdXVZc1JBZVJzVGJraWhtb0ZsRVE5VnktSVJpUTNYS01vbVJJLUNhLXBoYlNzbVlpeGlwYTZJd290SkdKeFZxOUljdy1BMHEzOHFOaXAtakE?oc=5) · CUInsight
- 2026-05-06 [Nine northern Michigan credit unions launch $500 micro-grant program for flood victims - 9and10News.com](https://news.google.com/rss/articles/CBMiwgFBVV95cUxQZnBzMDB2NTg5MkFTdUlKYXJnUFR0N093Wi16LTRXamQwQ19oeFZiYWotMDdyVEZzMFpyX2FBWjlFMUZtVXUwVVpaV0owT2pyaUFvOTd6dXBjR05uS3Q2MUwxbEplRjFIOHhEV3hnY2VZZXoxcVV2bi1HcHlud2tDZEkzMWtzb2dManVuc2pJbDhPdmgwRWJWMEM2UVJHODBSOGtzd0JKN1JoZWktU3oyUnBTczNRNHY2cUlWcDRyOXFGdw?oc=5) · 9and10News.com
- 2026-02-01 [Racist policies shaped a neighborhood. Its lone banking institution helps people overcome. - MLive.com](https://news.google.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?oc=5) · MLive.com
- 2026-02-02 [Michigan’s Community Financial CU Adopts New ‘Orsa’ Name After 75 Years - cutoday.info](https://news.google.com/rss/articles/CBMiqgFBVV95cUxPV1NIYXRTU2UwS0hwaW1JYTBDbUJ1ZC1MQkxLMFUteUs3aEI4TFZUWWdMU3ZWZkVqdzdPY2JXSWpKa1JkR0kxajFUaUJCUHFYbEdFeXR1VnRBbVVxbGREZXFkM0RieHRKTWc4YVVsWnRjTEJ5bkotNEhwalh1cnVXUVdRMkxzYzU3ODVSNldkczRLLWd1SldiaEZ2Qk5zaWtBeU1tV0RZUERXdw?oc=5) · cutoday.info
- 2025-12-11 [Credit union collects $4K, hundreds of toys in first Toys for Tots drive - WXYZ Channel 7](https://news.google.com/rss/articles/CBMinAFBVV95cUxOWktfM3ZKdXpSLXdxb193QnVHLXpmaE5Oc25QV0JhZGVvc3JNUTFvMDktekZIWnNfTzJ1ZWZJM3htNW1fZ0hyQkMwZU5fanBfYjJKdUk5OXJxcGl4ZEl4eVpIcVkxRmtTMWVGTWNpTXdxaGJBbDlIVmFfUkVycTFJd1g4elg4eDRkeFA0SjVyelRnR194bFlDOWl5Tk0?oc=5) · WXYZ Channel 7
- 2025-02-05 [Huizenga, Vargas Reintroduce Legislation to Modernize Credit Union Board Requirements - U.S. Representative Bill Huizenga (.gov)](https://news.google.com/rss/articles/CBMieEFVX3lxTE1oTGl1MVJ2UGRVUXk5bkxGWlNyTF9WRFVGejhOTEpEUnVIM0F0SHNJV1A2anMwZ2xfWFFPVC15eHdlQ0ZQTGg1UFQ5R19Wb0k2T3dWTC1feUNRTXV1eHB0dmlNUTM5d00yN1M5MEg3QXM1Wkt6SHMyMQ?oc=5) · U.S. Representative Bill Huizenga (.gov)
- 2025-10-02 [Consumers Credit Union announces key updates across West Michigan - CUInsight](https://news.google.com/rss/articles/CBMiqgFBVV95cUxQV0RDNFk5OWFQalJyS2t1aVROcklPbXdSb1dPcm9GbGk1U3Eyd0kxSmVwU1dEUkxYU3JxUzBGZWJJdFJ1eHFlbUJfVEZ0cURsLWtleVVMMXlsTm1EYTI2b0dlRFl1c1VlSTJqMjZJTVhObWtVMVFldzRJVnFIRUNadlMwejJNQ2tjeHlDUEx1MUlRV3dJNTc4Qm9KcEYzZFpQOG80c1UwWUgtQQ?oc=5) · CUInsight

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=62028 (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/12.json (key "62028", 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=62028
- 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