# ALPENA-ALCONA AREA
Alpena, MI · NCUA charter 62035 · asset band $500M-1B · latest filing 2026-03 · live
Share link (named URL with a preview card): https://getbookiq.com/cu/alpena-alcona-area-62035

Who the members are: state charter, organized 1953, low-income designated. 49,570 members of 63,000 potential (78.7% of the field); checking penetration 69% (share draft accounts per 100 members); loans per 100 members 68.

**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 | $957.6M |
| Members | 49,570 (2.9% YoY) |
| Full-time staff | 136 |
| Net worth | $115.7M |
| Net worth ratio | 12.1% (p73 of band) |
| ROA (annualized) | 1.53% (p92 of band) |
| Total delinquency | 0.61% (p52 of band) |
| Net charge-offs (annualized) | 0.49% (p56 of band) |
| Loans / shares | 71% (p23 of band) |
| Cash / assets | 30.8% |
| Borrowings / assets | 0.00% |
| Net interest margin | 3.41% (p44 of band) |
| Operating expense / assets | 2.37% (p9 of band) |
| Vehicles % of loans | 29% (p52 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 61% |
| Third-party paper % of net worth | 91% (p48 of band) |
| Vehicle delinquency | 0.61% (p53 of band) |
| Vehicle NCO | 0.79% (p48 of band) |
| Repossessed % of vehicle book | 0.03% (p46 of band) |
| Real estate % of loans | 39% |
| Credit cards % of loans | 7% |
| Unsecured % of loans | 13% |
| Commercial % of net worth | 46% |
| Core shares % of member funds | 36% |
| Certificates % of member funds | 31% |
| Average share balance | $6,756 |
| Participations bought / yr | $0 |
| Participations sold / yr | $0 |
| Participations outstanding | $463,526 |
| Loans outstanding per 100 members | 68% |
| Loans granted per 100 members, annualized | 14% |
| Average loan balance | $17,566 |
| Loans granted, annualized | $171.2M |

## Participation posture (from the same filings)

Bought $0 and sold $0 in the latest annualized quarter; $463,526 outstanding purchased (0.4% of net worth), $0 sold and retained. Sold in 0 and bought in 0 of the last 8 quarters. Shares 8.0% 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 | 1 | delinquency rising |  |
| 2017-09 | 0 |  | delinquency rising |
| 2017-12 | 0 |  |  |
| 2018-03 | 0 |  |  |
| 2018-06 | 0 |  |  |
| 2018-09 | 0 |  |  |
| 2018-12 | 0 |  |  |
| 2019-03 | 0 |  |  |
| 2019-06 | 0 |  |  |
| 2019-09 | 0 |  |  |
| 2019-12 | 0 |  |  |
| 2020-03 | 0 |  |  |
| 2020-06 | 0 |  |  |
| 2020-09 | 0 |  |  |
| 2020-12 | 0 |  |  |
| 2021-03 | 2 | net worth falling, margin squeeze |  |
| 2021-06 | 0 |  | net worth falling, margin squeeze |
| 2021-09 | 0 |  |  |
| 2021-12 | 1 | net worth falling |  |
| 2022-03 | 2 | delinquency 2x band |  |
| 2022-06 | 3 | delinquency rising |  |
| 2022-09 | 1 |  | net worth falling, delinquency 2x band |
| 2022-12 | 1 | 3rd-party paper>100% NW | delinquency rising |
| 2023-03 | 0 |  | 3rd-party paper>100% NW |
| 2023-06 | 0 |  |  |
| 2023-09 | 0 |  |  |
| 2023-12 | 0 |  |  |
| 2024-03 | 1 | net worth falling |  |
| 2024-06 | 0 |  | net worth falling |
| 2024-09 | 0 |  |  |
| 2024-12 | 0 |  |  |
| 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)

- 2026-06-10 [Alpena Township Planning Commission approves AAACU plan for headquarters - - thealpenanews.com](https://news.google.com/rss/articles/CBMixgFBVV95cUxOS3NRd0pxQ21sWjNabndpUmpmMGNJTTVsVjJocllKRGFMNl9OdENwWHZseGVvYUs1OTVwTDRPMUJJZFRRWTBkeWg5anJtSkZuQ3dxLWhHdG9seHFOQXhPMDFlMkVnMXowdXZOcWZrSVpXU0dWd01WeGRDYzFMUDJfaHI0NThaeWJoUC0yS1dFREpEUjEzbTNWY1BWVDQwckJwUTRVR18zRGk5aC13dXNlTEhYaDNONmsyQkwzTWpDODJIN05Demc?oc=5) · thealpenanews.com
- 2026-03-15 [Weather Related Cancellations, Closing and Delays for Monday, March 16, 2026 - True North Radio Network](https://news.google.com/rss/articles/CBMi5AFBVV95cUxOb1AzaTNwS2lVX3VLMXhwYkx3TjRDUUhJZFp4VnFLM1F2OURvenRQQWhFcFJBSjY4bGRsM1Rja3RDV25XQ2pDQ1dqU2RqYWNLZjBTVWlEYlpyM0NLeHNyRlZHWXBnNUhIYTRXX2Frd21mclUxZHFINkdKQjJLaXFVZjNZbXh2bjduU0VlbEl4dV8zVXZvWkdYUXVNM1g4NFljWk5oZ3J1WW8tZGxQbXRKUGktODRSU19UQy1hVGd5WFlHMVBXSDdKal9wX1VjSlFEYVlKSjhUMk1YYWs4VUk4OGRmZVI?oc=5) · True North Radio Network
- 2025-12-20 [Alpena Alcona Area Credit Union honors employee milestones, achievements, and retirements - thealpenanews.com](https://news.google.com/rss/articles/CBMi2gFBVV95cUxNUjZFcFgxWlA4cmlZaWczWm4tU0szanlINExWNUJoaHFwcTRFRHF1cVh6WUpOVVpIaW5pbXhHaTNZSTlyVEd4ZmNTVHNDd3p5OU1RM3FfLVVza3dqNWpMLVp6OWxfakVjdU5PY1YxR0N5QXhPWXFoNDBOTVN4UmFLd2tPdjNmcEN5cjhjVHQyV180eU9OYWNZQVVsSFB4cm4tb2FJbUptMDhKQnlIZVFwUnFlLU9XaEVYWml5bFZEby1Ib1JEVDdaREFncTBPaGFwZXlpVHdUWVdqZw?oc=5) · thealpenanews.com
- 2025-06-20 [Alpena Alcona Area Credit Union named #1 credit union in Michigan by Forbes - True North Radio Network](https://news.google.com/rss/articles/CBMi-wFBVV95cUxPZTFsMURPY01CbUlYZVVqX1FkeWhacEJmdHhyUEt0M1J6TWp0N3d6YlVhaWpqemZwOEo2MWpNV2dHSWRRcl8tOTBkc0Y5aWVPNm9jWUo1SXlxcXJ0T2p5N3kzQ0RWVDVpcHZkZmc4RjFaa2NOYjhYd01PdkRsZ0kyVGlSOUNnZ0g1aFpXNWVPTkRVOExFTEd1aFFNamNKcUhoY0NTcXhzUEtqTzllem1LV1U2WVozcFRJSDFjcjl3RkZ2UDRWWjdZTlJTMHdGb3UxZXZUTWpBNU9wVEFlNTR0N1ZENk5WTGVUWHRrNktac1kxX19xNHJwbWxzNA?oc=5) · True North Radio Network
- 2025-11-08 [AAACU’s October Teacher of the Month Awardee is Desiree Leckrone - thealpenanews.com](https://news.google.com/rss/articles/CBMiugFBVV95cUxPeF9VYVQ1MXI2N0l0UXJ1eG16MVhLZkUtcmgtSzE0Vll3c3NSZmVOTk1kRnllUzhSMDFkQ09Pc2d2cXBVYW5nZFJzR0JJVjM4YUFKR2RDT1BTLTlxTXh1ZGUwdW4yNkdDVnVTMmlqMklPakJJQXdvNVNFM29FWmZfMGlrdVBTWm9hVTF0ekNmM3FUTm43SHRIajRzdXlfVHE2SjVsTDE0UkVhd3FRLW1ycFdWVTRaRHE0aGc?oc=5) · thealpenanews.com
- 2025-08-22 [Alpena Alcona Area Credit Union donates $25K to Northeast Michigan PACE - - thealpenanews.com](https://news.google.com/rss/articles/CBMiwwFBVV95cUxOcnpzT3A1XzhjckpISEhMSEl2WFAyMkxzNHJQOGdrcHZTXzRpdVRuYzdWcGl0LXlNRU5qXzJ3eDcyVVFPQTRjWmV1RGpTQ3BIMG1HVGNpTDliR2xCZ1BYZUR3eXp6TTNkMV9qSDc3WHk5eVVxdUJWbXN2QTBLVmc5NGdMMUNQdjd0bW1xbGR1TjgwQVg1emszTTQzcFJlWkdyX21iTTNrNW40SmdxS1dmU0hIdUxWSFdsUkNXZmVUeGlBWjA?oc=5) · thealpenanews.com
- 2024-10-17 [True North Radio Network Community Blood Drive - True North Radio Network](https://news.google.com/rss/articles/CBMi2wFBVV95cUxPaF9DS2F5Tk13Y0xER3FTVEhyVlFZQmlNX3lyMGdrRTNxdGpMQUJveEo0djdxanAzMm0tTkNTVFhRZVZYUE8tbi1NTDVoWG40TF9JTmlkM240cjZuaU9EWmhsbkowclFrb2F6cEg0Zld1OFNFMkhDRlhzbElXR2t2d0NseWJWTl9jM2dZUFVqTm9QOFF6Y3c0MzFISXNPcXBmQTZJbTNQRTJTeERkZFlZMWN2S3pXWHRBaC1KeDZaRFZmVlJXcEFvUkRNa3hscTB4Z09XdW1Ba2Q0WWM?oc=5) · True North Radio Network
- 2023-06-19 [AAACU’s Barb Mills earns Distinguished Service Award - - thealpenanews.com](https://news.google.com/rss/articles/CBMimwFBVV95cUxPa1hzUW8tck1rcmdPbW5PdlREMmJSZlEtTHZwejJFb2o1WW0wMGVCQ3lpOUJFaHptaDFTRHl5dnhRN01maFpOci1pUE9KVXJiYmNhMGxRemIxOGMyczYzVGJobkxGR0dsM2dDNkxaMU92TzVhb1NpYU5uT0dPY0lyaHhFeG1TSUN2clVDbWoxRDJTcTVnbVZhSGFQaw?oc=5) · thealpenanews.com

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=62035 (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/19.json (key "62035", 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=62035
- 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