# WESTERN DISTRICTS MEMBERS
GRAND RAPIDS, MI · NCUA charter 62073 · asset band <$50M · latest filing 2022-03 · stopped filing after 2022-03 (departed; for a credit union that is almost always a merger)
Share link (named URL with a preview card): https://getbookiq.com/cu/western-districts-members-62073

Who the members are: state charter, organized 1952. 2,701 members of 10,000 potential (27.0% of the field); checking penetration 65% (share draft accounts per 100 members); loans per 100 members 62.

**Verdict on the desk:** this could be *too clean*. Composite score 5 of 18 (one point per flag across 17 flags, capital below 7% counted twice).

## What the filing shows

| Measure | Value |
|---|---|
| Total assets | $49.8M |
| Members | 2,701 (-7.4% YoY) |
| Full-time staff | 8 |
| Net worth | $6.6M |
| Net worth ratio | 13.3% (p59 of band) |
| ROA (annualized) | -2.89% (p3 of band) |
| Total delinquency | 0.12% (p34 of band) |
| Net charge-offs (annualized) | 0.31% (p79 of band) |
| Loans / shares | 32% (p25 of band) |
| Cash / assets | 53.1% |
| Borrowings / assets | 0.00% |
| Net interest margin | 1.89% (p32 of band) |
| Operating expense / assets | 5.53% (p94 of band) |
| Vehicles % of loans | 18% (p11 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 0% |
| Third-party paper % of net worth | 0% (p43 of band) |
| Vehicle delinquency | 0.01% (p40 of band) |
| Vehicle NCO | 0.13% (p83 of band) |
| Repossessed % of vehicle book | 0.00% (p47 of band) |
| Real estate % of loans | 55% |
| Credit cards % of loans | 6% |
| Unsecured % of loans | 19% |
| Commercial % of net worth | 0% |
| Core shares % of member funds | 63% |
| Certificates % of member funds | 4% |
| Average share balance | $7,646 |
| Participations bought / yr | $0 |
| Participations sold / yr | $0 |
| Participations outstanding | – |
| Loans outstanding per 100 members | 62% |
| Loans granted per 100 members, annualized | 9% |
| Average loan balance | $8,225 |
| Loans granted, annualized | $6.8M |

## Flags firing in the latest filing

- **net worth falling** (`cap_falling`)
- **losing money** (`earn_negative`)
- **expense trap** (`earn_opex`)
- **members leaving** (`shrink_members`)
- **loan book shrinking** (`shrink_loans`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 1 | losing money |  |
| 2016-06 | 0 |  | losing money |
| 2016-09 | 0 |  |  |
| 2016-12 | 0 |  |  |
| 2017-03 | 2 | losing money, delinquency rising |  |
| 2017-06 | 1 |  | losing money |
| 2017-09 | 1 |  |  |
| 2017-12 | 1 |  |  |
| 2018-03 | 2 | losing money |  |
| 2018-06 | 0 |  | delinquency rising, losing money |
| 2018-09 | 1 | delinquency rising |  |
| 2018-12 | 2 | members leaving |  |
| 2019-03 | 1 |  | delinquency rising |
| 2019-06 | 1 |  |  |
| 2019-09 | 0 |  | members leaving |
| 2019-12 | 1 | members leaving |  |
| 2020-03 | 2 | net worth falling, losing money | members leaving |
| 2020-06 | 4 | margin squeeze, members leaving |  |
| 2020-09 | 4 |  |  |
| 2020-12 | 4 |  |  |
| 2021-03 | 4 |  |  |
| 2021-06 | 5 | delinquency rising, loan book shrinking | net worth falling |
| 2021-09 | 3 |  | losing money, delinquency rising |
| 2021-12 | 4 | delinquency rising |  |
| 2022-03 | 5 | net worth falling, losing money, expense trap | margin squeeze, delinquency rising |

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

- 2019-05-18 [Vitale Foltice Obituary & Funeral | Grand Rapids, MI - Heritage Life Story Funeral Homes](https://news.google.com/rss/articles/CBMibkFVX3lxTE9QUzNZbGJhblZMRHZHbW9PQ0VVRXVfbHNZMU43RkpHcWlkT3lLaVRIZlBud3JmQkhQcDVsVXU1TGF4dl9VT05pU01BWGE2aVM3V3N5amstZFN5VWJPUHZKMG0yc2EwRUhCbHd3eDZ3?oc=5) · Heritage Life Story Funeral Homes
- 2018-06-03 [Nancy Williams Obituary (2018) - Galesburg, MI - Kalamazoo Gazette - MLive.com](https://news.google.com/rss/articles/CBMikgFBVV95cUxNSThYOENoejRIdE1panMtQmFiZkVhSU1SemtMU01pMThycm42VXE3RGk5cmUwQ3Ywb1lsSjVXdGJHdDdOaDhDX2xYU0k4dUk1UjRQRVdXYTlDR1Y1LVZjakIxdGxoUkg5YUFaWUt4aFFFZ3A3QlhNVFVybnY2N2lJREoxblpPQTdlSnJsQWc1eE5GQQ?oc=5) · MLive.com

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=62073 (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/57.json (key "62073", 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=62073
- 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