# U.P. STATE
Escanaba, MI · NCUA charter 62085 · asset band $200-500M · latest filing 2026-03 · live
Share link (named URL with a preview card): https://getbookiq.com/cu/u-p-state-62085

Who the members are: state charter, organized 1955, low-income designated. 14,213 members of 350,000 potential (4.1% of the field); checking penetration 67% (share draft accounts per 100 members); loans per 100 members 68.

**Verdict on the desk:** this could be *quiet fade*. 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 | $211.8M |
| Members | 14,213 (-6.6% YoY) |
| Full-time staff | 52 |
| Net worth | $26.8M |
| Net worth ratio | 12.6% (p68 of band) |
| ROA (annualized) | 1.55% (p91 of band) |
| Total delinquency | 0.54% (p45 of band) |
| Net charge-offs (annualized) | 0.12% (p18 of band) |
| Loans / shares | 70% (p42 of band) |
| Cash / assets | 33.9% |
| Borrowings / assets | 0.00% |
| Net interest margin | 4.56% (p95 of band) |
| Operating expense / assets | 3.97% (p62 of band) |
| Vehicles % of loans | 48% (p77 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 43% |
| Third-party paper % of net worth | 101% (p57 of band) |
| Vehicle delinquency | 0.48% (p44 of band) |
| Vehicle NCO | 0.54% (p46 of band) |
| Repossessed % of vehicle book | 0.06% (p65 of band) |
| Real estate % of loans | 34% |
| Credit cards % of loans | 4% |
| Unsecured % of loans | 8% |
| Commercial % of net worth | 2% |
| Core shares % of member funds | 81% |
| Certificates % of member funds | 8% |
| Average share balance | $6,099 |
| Participations bought / yr | $0 |
| Participations sold / yr | $0 |
| Participations outstanding | – |
| Loans outstanding per 100 members | 68% |
| Loans granted per 100 members, annualized | 19% |
| Average loan balance | $13,247 |
| Loans granted, annualized | $64.6M |

## Flags firing in the latest filing

- **members leaving** (`shrink_members`)
- **3rd-party paper>100% NW** (`str_thirdparty`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 1 | thin capital |  |
| 2016-06 | 1 |  |  |
| 2016-09 | 1 |  |  |
| 2016-12 | 2 | net worth falling |  |
| 2017-03 | 3 | delinquency 2x band, delinquency rising | net worth falling |
| 2017-06 | 2 |  | delinquency 2x band |
| 2017-09 | 2 |  |  |
| 2017-12 | 3 | delinquency 2x band, repo signal | delinquency rising |
| 2018-03 | 3 | net worth falling | repo signal |
| 2018-06 | 2 |  | net worth falling |
| 2018-09 | 1 |  | delinquency 2x band |
| 2018-12 | 2 | delinquency 2x band |  |
| 2019-03 | 1 |  | delinquency 2x band |
| 2019-06 | 2 | net worth falling |  |
| 2019-09 | 1 |  | net worth falling |
| 2019-12 | 1 |  |  |
| 2020-03 | 1 |  |  |
| 2020-06 | 3 | net worth falling, margin squeeze |  |
| 2020-09 | 3 |  |  |
| 2020-12 | 2 |  | net worth falling |
| 2021-03 | 4 | capital below 7% |  |
| 2021-06 | 4 |  |  |
| 2021-09 | 3 |  | margin squeeze |
| 2021-12 | 3 |  |  |
| 2022-03 | 3 |  |  |
| 2022-06 | 1 |  | capital below 7% |
| 2022-09 | 1 |  |  |
| 2022-12 | 1 |  |  |
| 2023-03 | 1 |  |  |
| 2023-06 | 2 | assets shrinking |  |
| 2023-09 | 1 |  | thin capital |
| 2023-12 | 1 |  |  |
| 2024-03 | 0 |  | assets shrinking |
| 2024-06 | 1 | delinquency rising |  |
| 2024-09 | 1 |  |  |
| 2024-12 | 1 |  |  |
| 2025-03 | 1 |  |  |
| 2025-06 | 1 | expense trap | delinquency rising |
| 2025-09 | 0 |  | expense trap |
| 2025-12 | 1 | members leaving |  |
| 2026-03 | 2 | 3rd-party paper>100% NW |  |

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

- 2026-04-06 [U.P. State Credit Union launches Youth Financial Literacy Movement - dailypress.net](https://news.google.com/rss/articles/CBMitwFBVV95cUxPTUpiYUVjYjFDaC1TOUF1YmtwLUhQa1VqN2d1bzdCS1VGMkVhNE50Mjd0UUhuaWduaUxJUXV3WkUxRnE0cGVSU3B3SEhMc2NVQmlXa0JxNE85YzNzVkdUcGhPRlhHeF9YV1psckUxaC1hVzJVWk8xZEdXR28yaWw1Q0hjQnhpU3N0ZXU0TnE0VzgxN29VV1FBOGttaVhzYXA3WFN5SXNRbzBVU2ZSMU43b2VJeHdYblk?oc=5) · dailypress.net
- 2023-06-29 [Local credit unions propose merger with U.P. Sate Credit Union - sooleader.com](https://news.google.com/rss/articles/CBMiqAFBVV95cUxOdmstY3FoYlhVWUlPam04Mktxa2ZJX0F1Y3ZyeVhGQmc3RlZmVVdFVm1tODhIeVp4Q3RZeTF5LWUzdVhEMHRiT1dZRnY0ZmQ5YXZtby13ZWNVbDV3SGtyQ0lCZ0RaSU5hZDYtWVpWWGJKS2FPUkp0V1Eya3NNSy1ENkpBak8xUW5PWGllSWp3amVoVlB2U2FkcEdRblBNS2NMeGo4R3JyczQ?oc=5) · sooleader.com
- 2025-04-10 [America’s Best Regional Banks and Credit Unions 2025 - Newsweek Rankings](https://news.google.com/rss/articles/CBMijwFBVV95cUxQTmlpWENXaXkzbXJ1U0VzOTBDOTNWVnlhX01aMDZWakRoZE5pbFcySWNvX2xqa0daSUhCb0JkUC1hd0lyRTVaUzlRb3BYU2l4WE9Ucnl3dmw1ekN6dUlKbVdvWGRtbTZUREdtRXZVVEhyYlVxR0Y3RldVaG8xaVRzMGdDQXBsUUowTXdrSEc2RQ?oc=5) · Newsweek Rankings
- 2026-03-31 [Jeffers competes in HS Bowl - - The Mining Gazette](https://news.google.com/rss/articles/CBMiiAFBVV95cUxPNnF6bWZQRXRmVENQbTFLTFRMY2pFdjZuRWtacDdwTFhKY2tDVEFjeHZNcjE0SDlCVG1icW1BVHJRSzZKYTBPZ091LXdTRjNnVFdaakpYQXQzRmZCZ0NkSTlrX0xtNy1IZ3ZVRnVYemI1aHQ3UkhaNVZwTWRiSkhCSW1rcVE0RHE5?oc=5) · The Mining Gazette
- 2024-06-01 [Red Hot Best Winners 2024: The Best of Northern Michigan - mynorth.com](https://news.google.com/rss/articles/CBMijAFBVV95cUxNVjBPdGQ1dmh3VzBTaFpWdkc5MmQwQ2s2V0VCTl92QnZtQ0ZHX3J5NU84TUtlbEFSRzZHb2dSaFBRTVNmTDFObTlOS2Z6TlRVd0JzM18zcUp0Rk96VmNibVk0RGt5cnozMWV2VThabHZlQ0Y0all3a0NId1lJUzdVbUVqU214X2tWXzdRSA?oc=5) · mynorth.com
- 2019-10-24 [Derek John “DJ” Bryant - ironmountaindailynews.com](https://news.google.com/rss/articles/CBMihAFBVV95cUxOak9sRXZPbGJVZy10Uk5ER0M3b3gxOEhQZzhkckFjbWRLbklraFl5aW9QdjdpX3QxWDVIeDZlN3RURUlreldUeElQRk9ZUEJzWDY3V2FCRHVsd2VDUW05dGRvbkoxTGJaTjNJZVdiQWJBSGlMQWQxRTZsZUctaG9VWkxncjk?oc=5) · ironmountaindailynews.com
- 2026-01-14 [Jeffers advances in HS Bowl - The Mining Gazette](https://news.google.com/rss/articles/CBMiiAFBVV95cUxQTG9LRUV5bzlDWkQ0MGZjeC1UV25UVllnZmxUS095RzQzMmR4T0FlSWxOdTZwMUx3dm00bjJnNGlSTGJNTkVjZkMtUFF3LXBEX2t1RzFZS1FDTnlfVHppc1Vpc1J5a1hQbFlZSkxFT1NLdURkOTNpWE1HRWpIS0FWR1VLWlZwNDVJ?oc=5) · The Mining Gazette
- 2023-02-11 [Daniel Joseph Burrows Obituary (2023) - Sault Ste. Marie, MI - Family Life Funeral Homes - Sault Sainte Marie (formerly Clark Hovie Galer - legacy.com](https://news.google.com/rss/articles/CBMigwFBVV95cUxOenJRcjB0S1A2V1JpVHFEWm9SWmFpRFUySGFTNjcxcjZibEZUcmw3OHhyOVRyQ09xZDh0N0d1eXVkSkFQdE9HbmRnQ3hVOWJFLVNkQXY3REszWjRkUGcwcUhOUUFlWFJTYjh6VHJoUmVKQ0l6VTlic3RZaENNNDJjWVVXVQ?oc=5) · legacy.com

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=62085 (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/5.json (key "62085", 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=62085
- 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