# MEMBERS FIRST
Midland, MI · NCUA charter 62076 · asset band $500M-1B · latest filing 2026-03 · live
Share link (named URL with a preview card): https://getbookiq.com/cu/members-first-62076

Who the members are: state charter, organized 1936, low-income designated. 67,425 members of 10,077,331 potential (0.7% of the field); checking penetration 72% (share draft accounts per 100 members); loans per 100 members 88.

**Verdict on the desk:** this could be *stressed*. Composite score 6 of 18 (one point per flag across 17 flags, capital below 7% counted twice).

## What the filing shows

| Measure | Value |
|---|---|
| Total assets | $904.1M |
| Members | 67,425 (1.1% YoY) |
| Full-time staff | 227 |
| Net worth | $80.8M |
| Net worth ratio | 8.9% (p19 of band) |
| ROA (annualized) | -0.22% (p3 of band) |
| Total delinquency | 0.66% (p57 of band) |
| Net charge-offs (annualized) | 1.17% (p93 of band) |
| Loans / shares | 80% (p46 of band) |
| Cash / assets | 9.3% |
| Borrowings / assets | 4.42% |
| Net interest margin | 4.09% (p88 of band) |
| Operating expense / assets | 5.18% (p97 of band) |
| Vehicles % of loans | 45% (p80 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 65% |
| Third-party paper % of net worth | 241% (p82 of band) |
| Vehicle delinquency | 0.66% (p58 of band) |
| Vehicle NCO | 1.44% (p73 of band) |
| Repossessed % of vehicle book | 0.03% (p45 of band) |
| Real estate % of loans | 26% |
| Credit cards % of loans | 8% |
| Unsecured % of loans | 16% |
| Commercial % of net worth | 57% |
| Core shares % of member funds | 40% |
| Certificates % of member funds | 25% |
| Average share balance | $5,066 |
| Participations bought / yr | $2.0M |
| Participations sold / yr | $0 |
| Participations outstanding | $38.7M |
| Loans outstanding per 100 members | 88% |
| Loans granted per 100 members, annualized | 22% |
| Average loan balance | $10,521 |
| Loans granted, annualized | $174.1M |

## Participation posture (from the same filings)

Bought $2.0M and sold $0 in the latest annualized quarter; $38.7M outstanding purchased (47.9% of net worth), $0 sold and retained. Sold in 0 and bought in 6 of the last 8 quarters. Shares 4.6% year over year.

## Flags firing in the latest filing

- **thin capital** (`cap_low`)
- **net worth falling** (`cap_falling`)
- **losing money** (`earn_negative`)
- **expense trap** (`earn_opex`)
- **charge-offs p90** (`aq_nco_high`)
- **3rd-party paper>100% NW** (`str_thirdparty`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 1 | expense trap |  |
| 2016-06 | 1 |  |  |
| 2016-09 | 1 |  |  |
| 2016-12 | 1 |  |  |
| 2017-03 | 1 |  |  |
| 2017-06 | 1 |  |  |
| 2017-09 | 1 | delinquency rising | expense trap |
| 2017-12 | 0 |  | delinquency rising |
| 2018-03 | 2 | expense trap, delinquency rising |  |
| 2018-06 | 1 |  | delinquency rising |
| 2018-09 | 1 |  |  |
| 2018-12 | 1 |  |  |
| 2019-03 | 3 | members leaving, 3rd-party paper>100% NW |  |
| 2019-06 | 4 | net worth falling, charge-offs p90 | 3rd-party paper>100% NW |
| 2019-09 | 3 |  | net worth falling |
| 2019-12 | 3 |  |  |
| 2020-03 | 3 | losing money | members leaving |
| 2020-06 | 6 | net worth falling, margin squeeze, leaning on borrowings |  |
| 2020-09 | 3 |  | expense trap, losing money, net worth falling |
| 2020-12 | 3 | expense trap | leaning on borrowings |
| 2021-03 | 1 |  | charge-offs p90, expense trap |
| 2021-06 | 0 |  | margin squeeze |
| 2021-09 | 0 |  |  |
| 2021-12 | 1 | expense trap |  |
| 2022-03 | 1 |  |  |
| 2022-06 | 1 |  |  |
| 2022-09 | 3 | delinquency rising, 3rd-party paper>100% NW |  |
| 2022-12 | 3 | net worth falling, leaning on borrowings | expense trap, delinquency rising |
| 2023-03 | 3 | expense trap | net worth falling |
| 2023-06 | 3 |  |  |
| 2023-09 | 3 |  |  |
| 2023-12 | 3 |  |  |
| 2024-03 | 4 | net worth falling, losing money | leaning on borrowings |
| 2024-06 | 4 | delinquency rising | losing money |
| 2024-09 | 4 | leaning on borrowings | net worth falling |
| 2024-12 | 4 |  |  |
| 2025-03 | 3 |  | leaning on borrowings |
| 2025-06 | 3 | thin capital, net worth falling | expense trap, delinquency rising |
| 2025-09 | 2 | charge-offs p90 | thin capital, net worth falling |
| 2025-12 | 2 |  |  |
| 2026-03 | 6 | thin capital, net worth falling, losing money, expense trap |  |

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

- 2026-09-02 [Members First Credit Union named one of the Best Credit Unions to Work For in 2026 - CUInsight](https://news.google.com/rss/articles/CBMiwAFBVV95cUxNZUFiUk1vUU1kdl9SRHFlb0d6QlJnSHY0TmtsaXR6R2sxV1oxMnhYZDF0a2E4bUhPMVh5ZjlrMkVKaWJPNUxvQjdJUnhFTlZBcEhldjNPbGJaR29majNOeWNxczJwOER1OGdRelFZd0QyUFlhWm1wcGxyUDFVczdHTk5qTXlHSHVaZFhnT3lSRmVfTktZb19vQndGU0VwN282VjFHVWFYV2N3cF92NjBFWnM4V1BmVEZucFBGT0ZBWnY?oc=5) · CUInsight
- 2026-03-18 [Members First Credit Union hosts groundbreaking in Bay City - abc12.com](https://news.google.com/rss/articles/CBMi3gFBVV95cUxQSUIweG9mRWZQS1ZyMkU2U2FkUFpYZHY1SDBzWm1vUzVfNlcxQk5TLVlTMEducjhndi1USXB4OFJaZ2xYbGx6MHdlbFI1ejA4cWFvTDVyNGlPbFNkZjFjNWdGYnNDMTlZVzdxZjQ2MXNaWEZ1ZENiNjU0ZzB2ZnRyTy1MYjZXNmoyV001Y0RKUUhLdHZPM3RDbjJxZmZZQlJfeWFlbm4zaG5Kc0wxbEN1N3lUS0lUdXk4VEhRaXVQYUE2R2ZEOWxYLTVIMkN2OGpuQlNuVWtJd3VZNzVWSGc?oc=5) · abc12.com
- 2026-03-31 [Members First Credit Union donates $75,000 to Mid Michigan College nursing program - MLive.com](https://news.google.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?oc=5) · MLive.com
- 2026-05-05 [Morning Buzz: May 5, 2026 - FOX 17 West Michigan News](https://news.google.com/rss/articles/CBMicEFVX3lxTE0zb0tWSm1RVDJsMXZTTEI0ZHA4ek9oRTdXRTJoN3d2SzhSTGxZQmZOX3ZnbUU0eHJnUVpaWWNGUjY2NlFqRFdvcm5LN21SZjFDbXJaaXVFTWNPSXhBNWdnLWJoaG5YLXZIOVlxVmNySWo?oc=5) · FOX 17 West Michigan News
- 2025-10-21 [Members First Credit Union promotes Bethany Dutcher to Chief Marketing & Strategy Officer - CUInsight](https://news.google.com/rss/articles/CBMixwFBVV95cUxPNWdza1M5Y18tRXY5NnBHODJyaUpFeHRERmppME5BbE16WWg3UEVPWXVobzg2THhpZWRuVlFjQjdNdU1GMXlMYU1oOVdTUmFZRmlwcE1GMmZOa3JUMldjLW5haGh3Zkc4T09WV1dlV2VXLTIwQU0ydWRZVjNuWkxJcFNRWXZzVHViekRzaDVFc0QwdEdhd1RwV2hrVVNxSUpxbWJtWDV3MHQtWm9lM09JMVBUZ2dFakpxN3hsTHotY3Z6T2VDTGM0?oc=5) · CUInsight
- 2026-03-18 [Members First Credit Union breaks ground on Bay City branch - MLive.com](https://news.google.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?oc=5) · MLive.com
- 2025-11-19 [Members First Credit Union empowers Michigan educators through Joy in Teaching Grants - CUInsight](https://news.google.com/rss/articles/CBMixAFBVV95cUxNS0ZqZ25RYTg5bXVzTTVjNzlqeTNENkxjZG94YldGajNDRDU3WURwMGQ1QkNfVVJ3d3FodDFIVEU3RXd5cFdkanNwbk10LWJJRUIxX2Q2OUkzVGtvSzhHOGRUNnliRnp5T1RzTjFMeTZVOEcxYkFIaHhaaTdPU1BGdW9ncGI5NHZnT3pRX0FLaFF4ZWdUc1p0QThEMFFXODQ2YVJ2blRvZWtaQk51TFYzZlpzUC1mOTFGYUVVbExqcUJrVW5h?oc=5) · CUInsight
- 2022-04-16 [MFCU announces executive level expansion - Midland Daily News](https://news.google.com/rss/articles/CBMimAFBVV95cUxNMVVBZVpLRlhBUDYtaHF5X3d0clFDZFEtZ0VsTzhZb2FHMVJ0Nm9QNHZWRWc0N2V2ZHFTd3l1T3U1Y3JwNUU1em9PYUFrM0NUby1lcWJjeWR6aFMzOElFQThjQk9fRi1LMWtwNzBzcGxQUUdNZHlpbDZ5WFVCd1UzTEZCeEhYYmtCVW5GTzd5SnpWcDJBT0RNbw?oc=5) · Midland Daily News

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=62076 (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/60.json (key "62076", 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=62076
- 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