# MICHIGAN SCHOOLS AND GOVERNMENT
Clinton Townshi, MI · NCUA charter 62049 · asset band $1-10B · latest filing 2026-03 · live
Share link (named URL with a preview card): https://getbookiq.com/cu/michigan-schools-and-government-62049

Who the members are: state charter, organized 1954. 162,111 members of 2,000,000 potential (8.1% of the field); checking penetration 54% (share draft accounts per 100 members); loans per 100 members 88.

**Verdict on the desk:** this could be *indirect buyer*. Composite score 3 of 18 (one point per flag across 17 flags, capital below 7% counted twice).

## What the filing shows

| Measure | Value |
|---|---|
| Total assets | $4.37B |
| Members | 162,111 (5.6% YoY) |
| Full-time staff | 468 |
| Net worth | $532.7M |
| Net worth ratio | 12.2% (p74 of band) |
| ROA (annualized) | 0.74% (p53 of band) |
| Total delinquency | 0.38% (p24 of band) |
| Net charge-offs (annualized) | 0.33% (p27 of band) |
| Loans / shares | 101% (p92 of band) |
| Cash / assets | 3.3% |
| Borrowings / assets | 3.09% |
| Net interest margin | 2.87% (p21 of band) |
| Operating expense / assets | 2.10% (p7 of band) |
| Vehicles % of loans | 23% (p42 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 62% |
| Third-party paper % of net worth | 145% (p52 of band) |
| Vehicle delinquency | 0.66% (p56 of band) |
| Vehicle NCO | 0.54% (p21 of band) |
| Repossessed % of vehicle book | 0.07% (p49 of band) |
| Real estate % of loans | 53% |
| Credit cards % of loans | 3% |
| Unsecured % of loans | 5% |
| Commercial % of net worth | 76% |
| Core shares % of member funds | 19% |
| Certificates % of member funds | 47% |
| Average share balance | $10,119 |
| Participations bought / yr | $74.9M |
| Participations sold / yr | $72.9M |
| Participations outstanding | $182.3M |
| Loans outstanding per 100 members | 88% |
| Loans granted per 100 members, annualized | 17% |
| Average loan balance | $26,077 |
| Loans granted, annualized | $1.11B |

## Participation posture (from the same filings)

Bought $74.9M and sold $72.9M in the latest annualized quarter; $182.3M outstanding purchased (34.2% of net worth), $148.8M sold and retained. Sold in 8 and bought in 8 of the last 8 quarters. Shares 9.8% year over year.

## Flags firing in the latest filing

- **net worth falling** (`cap_falling`)
- **loans>95% of shares** (`str_ltos`)
- **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 | 2 | margin squeeze |  |
| 2018-06 | 1 |  | margin squeeze |
| 2018-09 | 2 | loans>95% of shares |  |
| 2018-12 | 3 | margin squeeze |  |
| 2019-03 | 2 | net worth falling | loans>95% of shares, margin squeeze |
| 2019-06 | 2 |  |  |
| 2019-09 | 1 |  | net worth falling |
| 2019-12 | 1 |  |  |
| 2020-03 | 4 | net worth falling, losing money, margin squeeze |  |
| 2020-06 | 4 | delinquency rising | losing money |
| 2020-09 | 1 |  | net worth falling, margin squeeze, delinquency rising |
| 2020-12 | 1 |  |  |
| 2021-03 | 1 |  |  |
| 2021-06 | 1 |  |  |
| 2021-09 | 1 |  |  |
| 2021-12 | 1 |  |  |
| 2022-03 | 1 |  |  |
| 2022-06 | 2 | net worth falling |  |
| 2022-09 | 3 | delinquency rising, loans>95% of shares | net worth falling |
| 2022-12 | 3 | leaning on borrowings | delinquency rising |
| 2023-03 | 2 |  | leaning on borrowings |
| 2023-06 | 4 | delinquency rising, leaning on borrowings |  |
| 2023-09 | 4 | margin squeeze | delinquency rising |
| 2023-12 | 6 | net worth falling, delinquency rising |  |
| 2024-03 | 3 |  | margin squeeze, net worth falling, delinquency rising |
| 2024-06 | 3 | delinquency rising | leaning on borrowings |
| 2024-09 | 2 |  | delinquency rising |
| 2024-12 | 2 |  |  |
| 2025-03 | 3 | net worth falling |  |
| 2025-06 | 2 |  | net worth falling |
| 2025-09 | 2 |  |  |
| 2025-12 | 2 |  |  |
| 2026-03 | 3 | net worth falling |  |

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

- 2026-07-29 [Auburn Hills National Night Out is Aug 11 - Oakland County Times](https://news.google.com/rss/articles/CBMiigFBVV95cUxPWXpMQTRtS1QxbVVhNkhuTTR6WF91Qy1zZXZfcm1MYzM5Tjl2MXNwTlA4QmxUQVVVVDdBQThITDRfRmpzQ0ZxRHFBeUFnUTlHbURsczkzLU8xUFFDX1hFSExLTXBJWkE0elJpMXk0bXRka2ZWaWx5dk1ZcVpwWjJJTVRpQTQwRDFIYXc?oc=5) · Oakland County Times
- 2025-04-01 [T&I Credit Union is merging into MSGCU - CUInsight](https://news.google.com/rss/articles/CBMihAFBVV95cUxPclVPNTk0bFk4MDRuR09oNG9ndy1WS2d3dnBwWHdKWHE2aGJMUWl2S2RyMm9NbG5pZnRBc3pzRC1QbWRYTEVFRC1yamZjVVI0OFlwaVMwQWVBT3FCc1dqWHc2R3QxYThmN1V1VlJNQVZiSkZUMFZTem9qQU5YTW4zOUJtaXo?oc=5) · CUInsight
- 2022-12-18 [Saline Native Katie Whitt to Manage Michigan Schools and Government Credit Union Branch - The Saline Post](https://news.google.com/rss/articles/CBMiwgFBVV95cUxNMWxQanFCcHlKOHZSajVHQVNuT2RqY1RPWjNnekJQWDRadUhnTUFDZXhSS0g1ZVlPY2NWN0VYaUUzNV9lZmNGNTQ0MVF2NGo4VFA1X0VYM0tSYnhoUVpYbEFQcEVyeV9VZHJkMGQ1SFlzT1JJMWpudkdKRGwzZnFheHktQ1RueWc4QnpjWnRXem83aFB1YmhiQlBrckVOZmtlRmJfN2JwcEdPcFFhb3JRMG5aXzhHS0hJZExMLW9mOWRLUQ?oc=5) · The Saline Post
- 2024-02-13 [Credit union expands its footprint in Washtenaw County with Ann Arbor branch - MLive.com](https://news.google.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?oc=5) · MLive.com
- 2020-09-16 [Credit union plans new location in Bloomfield Township - Observer and Eccentric Newspapers](https://news.google.com/rss/articles/CBMi1gFBVV95cUxNN3dSNmxaTXFqVFQwUFo1alE5OE9mMGNEWjRKcFQzaTVwMi03Vk1fSEdvRHU0Q3BGT3dfZ1dTTTVGVnZ0ZUdMSUNzR2tTc1FDTHZWeXlIdlhucXREazBjZFVlYkRjcUZJTlAyOXV4X255OF9CRmNLd0ZwOXU3Xzd2YlI1N0VoS2xtckU5LVB6YkVVanRfZGJlXy00bVpGWU1xYnp6QXdsdjlOX193ZER5dFdHYnE4VkFVbTFjYXpTTUtXUlZ2MUstcU0wSkZwQjdXY3lQcU1R?oc=5) · Observer and Eccentric Newspapers
- 2023-12-12 [MSGCU opens 20th branch office for member service - CUInsight](https://news.google.com/rss/articles/CBMilAFBVV95cUxQUXNVcTRBT2dyME9MOEpKc1luZ04xY0RxaFNnc0ZWRWxmUjhGVms2NjN1QS1vU092eFBvVFE1dXMtMFAyTVU3VW5NWUo4SHNkS2VLdnpyN1luZVNrWHdvemdRN09fc2NKX2c3TG1HRUJSMi1sYWpoUkRvTWVnN2JlZkk5Ukc0RllWa0t1RHp0a3hScmdh?oc=5) · CUInsight
- 2022-12-17 [Credit union opens first Washtenaw County location near Saline - MLive.com](https://news.google.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?oc=5) · MLive.com
- 2022-03-17 [MSGCU hosts ribbon cutting ceremony for Bloomfield Township branch office - CUInsight](https://news.google.com/rss/articles/CBMitAFBVV95cUxOdnFDa0R6RFNVV2kyeTdlVFU1QkdsOFRSMktINzZZd1I5cVVSdC1wZjhPMUpTeVVzZ3hySUpmVGo4ZEppZzN0Vk0wbDZHMkNKeXlLT2lrNEQybE5weDd6enhwYnJ3TjdqTXY0LTBjX3NrYm9yZmNMbUsyd19ZcElLeTZSZVB1NE1Vd2pRcTF1Y1ZnSnQzeGJNNmMyWWoxRnVkdU4zb1BCRzFVcVduT0dCRkQtVGg?oc=5) · CUInsight

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=62049 (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/33.json (key "62049", 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=62049
- 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