# LAKE TRUST
Brighton, MI · NCUA charter 62047 · asset band $1-10B · latest filing 2026-03 · live
Share link (named URL with a preview card): https://getbookiq.com/cu/lake-trust-62047

Who the members are: state charter, organized 1944, low-income designated. 180,917 members of 7,914,602 potential (2.3% of the field); checking penetration 66% (share draft accounts per 100 members); loans per 100 members 41.

**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 | $2.87B |
| Members | 180,917 (-0.3% YoY) |
| Full-time staff | 504 |
| Net worth | $306.4M |
| Net worth ratio | 10.7% (p49 of band) |
| ROA (annualized) | 0.54% (p35 of band) |
| Total delinquency | 1.02% (p80 of band) |
| Net charge-offs (annualized) | 0.67% (p64 of band) |
| Loans / shares | 84% (p43 of band) |
| Cash / assets | 8.7% |
| Borrowings / assets | 1.60% |
| Net interest margin | 3.56% (p67 of band) |
| Operating expense / assets | 3.47% (p64 of band) |
| Vehicles % of loans | 23% (p40 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 82% |
| Third-party paper % of net worth | 165% (p58 of band) |
| Vehicle delinquency | 2.51% (p98 of band) |
| Vehicle NCO | 1.70% (p80 of band) |
| Repossessed % of vehicle book | 0.00% (p11 of band) |
| Real estate % of loans | 40% |
| Credit cards % of loans | 2% |
| Unsecured % of loans | 5% |
| Commercial % of net worth | 165% |
| Core shares % of member funds | 53% |
| Certificates % of member funds | 26% |
| Average share balance | $7,089 |
| Participations bought / yr | $11.8M |
| Participations sold / yr | $32.0M |
| Participations outstanding | $107.7M |
| Loans outstanding per 100 members | 41% |
| Loans granted per 100 members, annualized | 9% |
| Average loan balance | $28,683 |
| Loans granted, annualized | $515.6M |

## Participation posture (from the same filings)

Bought $11.8M and sold $32.0M in the latest annualized quarter; $107.7M outstanding purchased (35.1% of net worth), $155.0M sold and retained. Sold in 7 and bought in 8 of the last 8 quarters. Shares 7.0% 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 | 1 | 3rd-party paper>100% NW |  |
| 2016-06 | 1 |  |  |
| 2016-09 | 1 |  |  |
| 2016-12 | 1 |  |  |
| 2017-03 | 1 |  |  |
| 2017-06 | 1 |  |  |
| 2017-09 | 1 |  |  |
| 2017-12 | 1 |  |  |
| 2018-03 | 1 |  |  |
| 2018-06 | 1 |  |  |
| 2018-09 | 1 |  |  |
| 2018-12 | 2 | members leaving |  |
| 2019-03 | 2 |  |  |
| 2019-06 | 1 |  | members leaving |
| 2019-09 | 1 |  |  |
| 2019-12 | 1 |  |  |
| 2020-03 | 1 |  |  |
| 2020-06 | 2 | net worth falling |  |
| 2020-09 | 1 |  | net worth falling |
| 2020-12 | 2 | delinquency 2x band |  |
| 2021-03 | 4 | net worth falling, margin squeeze |  |
| 2021-06 | 2 |  | net worth falling, margin squeeze |
| 2021-09 | 1 |  | delinquency 2x band |
| 2021-12 | 1 |  |  |
| 2022-03 | 1 |  |  |
| 2022-06 | 1 |  |  |
| 2022-09 | 2 | delinquency rising |  |
| 2022-12 | 1 |  | delinquency rising |
| 2023-03 | 2 | delinquency rising |  |
| 2023-06 | 2 |  |  |
| 2023-09 | 2 |  |  |
| 2023-12 | 1 |  | delinquency rising |
| 2024-03 | 2 | net worth falling |  |
| 2024-06 | 1 |  | net worth falling |
| 2024-09 | 1 |  |  |
| 2024-12 | 1 |  |  |
| 2025-03 | 1 |  |  |
| 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)

- 2026-02-10 [Lake Trust Credit Union appoints Drew Jones as Government Affairs Manager - CUInsight](https://news.google.com/rss/articles/CBMitAFBVV95cUxQWlh4cElmekJjNkdGZGVWSF9OajB4SGhZVHhRMWlyZURDRFdETnZxbDhreG5rV2prMmZ4T3VRa1lJRDJhU2FRbTByOXNVRDB4ZTVlQlU1OGl6ZnhGdFdNTzExcThjN2dVRHVrSTdUdFVDeUJLRk1jVzRsbEZuVlpPbmR6d0pvekxHNURxb3U1WExHTVotX3pxVWxIeG94RTFfMk1uZFBiZlFUbF9ucjRDNzN5WjQ?oc=5) · CUInsight
- 2026-06-05 [Lake Trust Credit Union opens new downtown Lansing location - Lansing City Pulse](https://news.google.com/rss/articles/CBMikwFBVV95cUxNUERLNlBvdDJPVHduZzFhLUJybjJzUnl5MWRlN2x4QlRfa25KZXhmeVUycThlZTA4ZU5scmxVRkxZbE11MUctclE1djdwMUd3YXkwNFdCbUhCTHp2WTdFVmczY1FCQ2hmNWVBN0pCdW1lT0FfcGJsWTVha0pnTXctREJGak03cjBIcXo3QnNEMTdOcjA?oc=5) · Lansing City Pulse
- 2026-08-27 [Lake Trust gives $25K to Habitat Monroe housing project - Monroe Evening News](https://news.google.com/rss/articles/CBMi0wFBVV95cUxNM1lKOTI5aTZ6S0g3VHVjRUo4QlVkZjZJcDNiVFB0bGNUb1FZSFZNZ0h2N1prRllqem1RcDVTbzNVMHhOOUlsYmJOLUtOanFVcGhhZlZoVlg4Z2hnRjF2dlJlSkF1LXo1aXRvVXlfYWFVQ0ZON3NXY0pmWkhiaHZMeXJ3T3hDSk1CaVFPVTJrZ0JlVFY5VWMwdlJhWk1QQnY4dEE5dTJ0QnlXQVJTcjdCd3ZHS3hyaWt5RG9QOHlvTVp4UHY3U201WnNHR0xSRks4Sm0w?oc=5) · Monroe Evening News
- 2026-06-20 [Shredding event canceled in DeWitt, organizers to reschedule - WILX](https://news.google.com/rss/articles/CBMijwFBVV95cUxPamw1d0p2YlFjQ1pPa0lObFFLMGMzUlo3QUFGQUJTR0tmV3pyNGlZMXhuS3NPMmRsSThWMnpGZ0dGSTQtYTltd2hDSkVVV1RvUl92M2xDM1JEUURkRmtMTkVyRlNOMVVoOU5GLS05d0RNTThQbWkySDlMdjRBczVYTWVWcEx2d1EwSjh3U3NEUdIBowFBVV95cUxONE1oa0RmWjdPNG9WVnowbC1yTElVZURKVXhIeHdaaUx3X0VqeWE2Si1SRWRPUmdOTXZNUXhhak9VYWxSQm5xSTJRbGtxbEZxLWJuTktieWxBX3U4OURCc3VXZkhHN0JFSnM5LU8zYjNpdF9yc0UyNm9NY2FlelhjR2RmTGpzcTFLZFRCanRqWW9GQlhtMmVONi01RVlpSnd6Q1pF?oc=5) · WILX
- 2026-01-28 [Renee Bush joins Lake Trust Credit Union as Commercial Solutions Officer - CUInsight](https://news.google.com/rss/articles/CBMiswFBVV95cUxOd2NrMnNhSWR2THlQbzJieVJSX1BuLUh4WHBQU0pDWThCRGpRSC1zdHZNV3ZWaXRXR3hveXl0Yng5VEowMHFwcTU1MUhYYjloWmhiSTlRVFlTcWdqYVlDM05YTnlZZUpGZXN2SkxBOHByVno2eFZTMl8tOWJ3WGUzZFdveks3SUpQQThZcngxUEF3RjB0YV9sOTRMU3pranZxMl8wTy15enkzYzNMa0xoZEtSVQ?oc=5) · CUInsight
- 2026-05-02 [Here's what a Michigan pitch winner says she'll do with money - Detroit Free Press](https://news.google.com/rss/articles/CBMi5gFBVV95cUxNZlZNVTQ4TDdzTUVwd3BMNEVxUVoySnRkbmNNMmh2LWNwREV4bXNWQjctTVpyTGEzQVlsT0ZxOWFIaGxoejdYRmRrWVBFWEs5clRNbGNud083SUplSk53MnlTYXNkWmFvdGdKS0V1ZHpGVUFaZzZoMTUtMTNXUG51YmVjaVJoS3VDUzM0NXUza21USElBQzBZZHJDQlRoUk5jcFVESmFKYjBLWEQxQzJDMjZ4c0pMcjVHSGVHUXZ5enpUTmJCaFRvRlNZdGlYMXUzVzRybHNhRW1VM0RKMVNDNmJUSFBLUQ?oc=5) · Detroit Free Press
- 2025-12-09 [Lake Trust to celebrate Monroe opening with giveaways and more - Monroe Evening News](https://news.google.com/rss/articles/CBMirgFBVV95cUxQT0JkLVBLX0ExbHhISjlJbUFHc1hEMFhwV0xqbTN3V21LdzZqV2JlSWF1dXRnRnBYUVowYS02OV9XMGxLT285cF85UHRZdENHTTNqdTBsY21pMG8zZnh6RkRJYkhXdW55VUtxWVotT0FkTjZFd1FNakNtaXJ4eEdaUG5McDJ6c05nZ0Z3OHJ3Sm1jbldpenpNYWVERS1WVllMbjFkbnNBOTN4bWpLMnc?oc=5) · Monroe Evening News
- 2024-05-22 [Lake Trust Credit Union Shows Off Remodeled "Relationship Center" in Brighton - WHMI](https://news.google.com/rss/articles/CBMirgFBVV95cUxQb0c1N0hZWVNPcXViaG9kaWp1bkhhU3lNaldWS1otWG5rSDE1Qk5oZFI2dk0zcFBsUHhEYVFSeDJlUjZJSEM1NkxqdG42VHdkMXZIbUU0bTctVWdpTWJKSWlZRWhqQThwZlkzaEdxektiUUVGTnd0aFhCV0FWbEg2MXpRc2lYeWltSmZnelp6Y3lzLTdWemxOWnZCbGdjZF9wSUxsM285QUVWSUlpR0E?oc=5) · WHMI

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=62047 (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/31.json (key "62047", 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=62047
- 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