# IGNITE
Battle Creek, MI · NCUA charter 62072 · asset band $200-500M · latest filing 2026-03 · live
Share link (named URL with a preview card): https://getbookiq.com/cu/ignite-62072

Who the members are: state charter, organized 1936, low-income designated. 30,075 members of 10,110,384 potential (0.3% of the field); checking penetration 65% (share draft accounts per 100 members); loans per 100 members 59.

**Verdict on the desk:** this could be *indirect buyer*. 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 | $376.3M |
| Members | 30,075 (-2.3% YoY) |
| Full-time staff | 129 |
| Net worth | $38.3M |
| Net worth ratio | 10.2% (p32 of band) |
| ROA (annualized) | 0.06% (p9 of band) |
| Total delinquency | 0.79% (p67 of band) |
| Net charge-offs (annualized) | 0.58% (p69 of band) |
| Loans / shares | 87% (p83 of band) |
| Cash / assets | 10.3% |
| Borrowings / assets | 0.00% |
| Net interest margin | 4.36% (p89 of band) |
| Operating expense / assets | 6.06% (p99 of band) |
| Vehicles % of loans | 38% (p60 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 59% |
| Third-party paper % of net worth | 180% (p77 of band) |
| Vehicle delinquency | 0.61% (p53 of band) |
| Vehicle NCO | 1.52% (p84 of band) |
| Repossessed % of vehicle book | 0.00% (p25 of band) |
| Real estate % of loans | 41% |
| Credit cards % of loans | 3% |
| Unsecured % of loans | 6% |
| Commercial % of net worth | 94% |
| Core shares % of member funds | 57% |
| Certificates % of member funds | 17% |
| Average share balance | $4,903 |
| Participations bought / yr | $3.0M |
| Participations sold / yr | $0 |
| Participations outstanding | $31.3M |
| Loans outstanding per 100 members | 59% |
| Loans granted per 100 members, annualized | 11% |
| Average loan balance | $16,368 |
| Loans granted, annualized | $75.9M |

## Participation posture (from the same filings)

Bought $3.0M and sold $0 in the latest annualized quarter; $31.3M outstanding purchased (81.8% of net worth), $299,268 sold and retained. Sold in 0 and bought in 8 of the last 8 quarters. Shares 0.0% year over year.

## Flags firing in the latest filing

- **net worth falling** (`cap_falling`)
- **expense trap** (`earn_opex`)
- **delinquency rising** (`aq_dq_rising`)
- **3rd-party paper>100% NW** (`str_thirdparty`)

## 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 | 2 | net worth falling, delinquency rising |  |
| 2017-06 | 1 |  | net worth falling |
| 2017-09 | 0 |  | delinquency rising |
| 2017-12 | 2 | delinquency rising, members leaving |  |
| 2018-03 | 0 |  | delinquency rising, members leaving |
| 2018-06 | 1 | net worth falling |  |
| 2018-09 | 2 | delinquency 2x band, delinquency rising | net worth falling |
| 2018-12 | 2 |  |  |
| 2019-03 | 6 | net worth falling, losing money, charge-offs p90, repo signal |  |
| 2019-06 | 4 |  | delinquency rising, repo signal |
| 2019-09 | 3 |  | net worth falling |
| 2019-12 | 3 |  |  |
| 2020-03 | 5 | thin capital, expense trap, members leaving | charge-offs p90 |
| 2020-06 | 5 | net worth falling | members leaving |
| 2020-09 | 6 | members leaving, 3rd-party paper>100% NW | delinquency 2x band |
| 2020-12 | 4 |  | losing money, members leaving |
| 2021-03 | 5 | delinquency 2x band |  |
| 2021-06 | 5 | charge-offs p90, members leaving | net worth falling, delinquency 2x band |
| 2021-09 | 4 |  | members leaving |
| 2021-12 | 5 | members leaving |  |
| 2022-03 | 5 | delinquency 2x band | charge-offs p90 |
| 2022-06 | 5 |  |  |
| 2022-09 | 6 | delinquency rising |  |
| 2022-12 | 6 |  |  |
| 2023-03 | 6 | charge-offs p90 | delinquency rising |
| 2023-06 | 6 |  |  |
| 2023-09 | 7 | assets shrinking |  |
| 2023-12 | 5 |  | thin capital, assets shrinking |
| 2024-03 | 3 |  | delinquency 2x band, charge-offs p90 |
| 2024-06 | 5 | net worth falling, delinquency 2x band |  |
| 2024-09 | 2 | margin squeeze | expense trap, members leaving, net worth falling, delinquency 2x band |
| 2024-12 | 1 |  | margin squeeze |
| 2025-03 | 3 | expense trap, charge-offs p90 |  |
| 2025-06 | 2 |  | charge-offs p90 |
| 2025-09 | 2 |  |  |
| 2025-12 | 3 | delinquency rising |  |
| 2026-03 | 4 | net worth falling |  |

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

- 2026-05-14 [Mötley Crüe ignite American Idol, announce new releases and US tour - chaoszine.net](https://news.google.com/rss/articles/CBMikwFBVV95cUxPY2ZCc3FLdHE2ZHZObmgteTNfSlRRT3Q1SHR1ZDJyV09LY0E0ZlZIRVFJOVA4WVhvX3dDMWlPd0dYMU1kX2xmN21BNGdnZlNpbDZNREJ2NTZST2RLZklKS2F6YmdIX2NfMFN6YVh3Z1F4VTBpWWVvRGJrSXV1QWJqN1dOSmxFVGxVOWNocjhlRDVzRDA?oc=5) · chaoszine.net
- 2026-01-16 [I.G.N.I.T.E. introduces new Tiny Ivy program at Genesee County Jail - MLive.com](https://news.google.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?oc=5) · MLive.com
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- 2024-09-27 [Jackson News Briefs September 27, 2024 - JTV Jackson](https://news.google.com/rss/articles/CBMiY0FVX3lxTE1sejRuX280NWFCLXpja3RlV21OWm9iOGFQUm5ZVEFZTjlCZDlnM1QzNTYwZzNDNmVhWXROTUVvU1lDeUZ6d3VDbXVLa2Q4MGZvc0JwQUVVOGcydlRFMFd1cUR0NA?oc=5) · JTV Jackson
- 2023-12-22 [Business Bites: Black Bear Diner closed; GRAE+CO opens; Mi Rancho downtown location off; retirement party for Mayor Bob Kelly; Ignite 2024; art reception - theelectricgf.com](https://news.google.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?oc=5) · theelectricgf.com
- 2021-06-16 [Obituary | William "Bill" J. Goetz - swartz funeral home](https://news.google.com/rss/articles/CBMia0FVX3lxTE9mSW1CNzlOU0VMdnNQYkYxdnREVmV2YmhRUUZoMGRXUExEYVlET0lMcVB2eU1uWHF2X0VlMFpPbnh0YmNWbXl5VE9ueDNuZnBpVXhUSnB2SWxMYU9SSGNQc3BaN1R3LXEtcTdV?oc=5) · swartz funeral home
- 2025-07-02 [A Day to Remember ignite chaos in new “All My Friends” video – announce fall tour - chaoszine.net](https://news.google.com/rss/articles/CBMiogFBVV95cUxOTUNxS05NdV9BRFRpeTgwVXZGaEZxV2RZNHNrbTdlYlptVURGUWdrTVZqbzVZdHVDRVRveWh3WkdDcElyQVk4dEk4RmJpQjhodnlIeExYek5PQkd4dnVBaWJvcmdSVW14Q3dHU0VwTjhjcS1HZFF1U3I2TUprOENaU2syRjFiQWNFYXNWS1o1U3NvSFlaOWJKd0VTWkxLckp4NVE?oc=5) · chaoszine.net
- 2025-07-01 [Huge mixed-use project among developments approved in Grand Rapids area in June - MLive.com](https://news.google.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?oc=5) · MLive.com

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=62072 (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/56.json (key "62072", 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=62072
- 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