# TEAM ONE
SAGINAW, MI · NCUA charter 62141 · asset band $500M-1B · latest filing 2026-03 · live
Share link (named URL with a preview card): https://getbookiq.com/cu/team-one-62141

Who the members are: state charter, organized 1935, low-income designated. 46,852 members of 10,000,000 potential (0.5% of the field); checking penetration 56% (share draft accounts per 100 members); loans per 100 members 65.

**Verdict on the desk:** this could be *indirect buyer*. Composite score 1 of 18 (one point per flag across 17 flags, capital below 7% counted twice).

## What the filing shows

| Measure | Value |
|---|---|
| Total assets | $767.4M |
| Members | 46,852 (-2.2% YoY) |
| Full-time staff | 152 |
| Net worth | $74.3M |
| Net worth ratio | 9.7% (p38 of band) |
| ROA (annualized) | 0.88% (p66 of band) |
| Total delinquency | 0.68% (p61 of band) |
| Net charge-offs (annualized) | 0.31% (p40 of band) |
| Loans / shares | 74% (p32 of band) |
| Cash / assets | 15.2% |
| Borrowings / assets | 0.00% |
| Net interest margin | 3.74% (p73 of band) |
| Operating expense / assets | 4.04% (p71 of band) |
| Vehicles % of loans | 25% (p41 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 64% |
| Third-party paper % of net worth | 217% (p77 of band) |
| Vehicle delinquency | 0.89% (p70 of band) |
| Vehicle NCO | 0.55% (p32 of band) |
| Repossessed % of vehicle book | 0.07% (p56 of band) |
| Real estate % of loans | 32% |
| Credit cards % of loans | 6% |
| Unsecured % of loans | 9% |
| Commercial % of net worth | 212% |
| Core shares % of member funds | 51% |
| Certificates % of member funds | 28% |
| Average share balance | $7,400 |
| Participations bought / yr | $13.8M |
| Participations sold / yr | $34.7M |
| Participations outstanding | $69.6M |
| Loans outstanding per 100 members | 65% |
| Loans granted per 100 members, annualized | 15% |
| Average loan balance | $16,735 |
| Loans granted, annualized | $103.9M |

## Participation posture (from the same filings)

Bought $13.8M and sold $34.7M in the latest annualized quarter; $69.6M outstanding purchased (93.6% of net worth), $68.8M sold and retained. Sold in 8 and bought in 8 of the last 8 quarters. Shares -1.3% year over year.

## Flags firing in the latest filing

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

## Warning timeline

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

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

- 2026-05-05 [Team One Credit Union planning to merge - WNEM](https://news.google.com/rss/articles/CBMieEFVX3lxTFBnak5lMnFoNUstSWhuOWZwSXI1SkR3cUFnQVNMNWEtZlRzbjItNmwtY3RjN0VrQWdWbU5xZy1nOEVnWWY1c3Rxd3ZwTFhlbmstU3Q1emQ4cGM3NjZTV0xSY2hjY0hlV3VuRlBxZG1kVTY0NmxEakdSaw?oc=5) · WNEM
- 2026-05-06 [CASE, Team One credit unions merging in Michigan next year - abc12.com](https://news.google.com/rss/articles/CBMi2wFBVV95cUxNQkczYzhyenRrYkNSZFhLWjZUSWNTYzhnalNGaGw2Q3FiNldxV2ltSXNXQ3F3Qk9lSHgwVWxxS3NpRkJjYlJVYnowWi1ZOHZRcnFfb3QxelY1SWZhdG42OU5RZFZTamZFdFNDd05xNkdfM2FCRGpYYVpmMzN6Uy1LbXZ3ZS1TMUpDdTlqdFp4YTM0UXNOWUprQUtWazlZSDBrS2pILUdvUEZpWERPbUhkZDRpcDRId1VwTHQwdEs1bUZ6bmE4MmtTN3RhZlRJUjJ1b2d4b2hEN3cxU1U?oc=5) · abc12.com
- 2026-05-05 [Kathy M. Hubbard Obituary (2026) - Saginaw, MI - W.L. Case & Company Funeral Directors - Mackinaw - legacy.com](https://news.google.com/rss/articles/CBMiggFBVV95cUxOR2lMdkRLZ2JhRzNfVVBYTWl6RWJHNVhFVlFNTWxjTHVlNjRucUdNbU9zVnBaRlNDUnRXbl9PQkEyMGRUeWJ0U2l4NHUyM0pObTZua0ZOTXlWdHdTS09OWkFWYTc3TnJNeUlaMHdxWF95UFl1NGV2NjBucjNYUk5WNFlR?oc=5) · legacy.com
- 2023-05-23 [FBI Seeking Information on Unsolved Attempted Bank Robbery - fbi.gov](https://news.google.com/rss/articles/CBMitwFBVV95cUxPd0ZDeW5ITlBBQ3JfTTJzd2J4U3J1MXdLT3JRb2JYa0IxZXZmSkszZmx3LW04S0dVX1VKaExzdFhqTXFRMDBRVHY3Rk1sZElsdHZFNi1Sc1RPa2d5cmJNY2hCVVRMWkk1WWJTcjR2eUZwci1JTGpHUENHOUN6VmN3YVVUa0djbVE1SDl4eUNsWkpzeFdsei1fZFNXZVMxbk9zazg4YW1XaXIzazdndG1kZVg1RW9mVEk?oc=5) · fbi.gov
- 2025-06-09 [Team One Credit Union planning new headquarters in Saginaw | Business - abc12.com](https://news.google.com/rss/articles/CBMi3AFBVV95cUxQa2hCSkhlS3FhRE50R0NfM2hHRlJOaE82ODl6cEZfNFJQbE5KdF9kZ3ZwMmVYX2lRZXo4QWlmVjZqUUxoc2ZGWmZmbl8xTXN6R2tUMGVlU3F5M0tpTzhWYjRndlhqeTBsS1ZfVFhQRGFvNUNyR2htX1RGRmluajNzalh6cWFmeE9lRGhpN2s2a0tibGNsUG92eG4tZVdUaVBxU2lKaTdNM2dINzM4WUhrdUJIX2hqU00xaFFTTEtsQzdwSUh6dTRnVG15dEVvMklsYTluTE5UYnZWLVlw?oc=5) · abc12.com
- 2025-08-22 [Local credit union holds HQ groundbreaking ceremony after 90 years of service - WNEM](https://news.google.com/rss/articles/CBMiqwFBVV95cUxObmxKU2hSMUhJVW81ck9hRGJIcTZhZFZRMlE1NTNFVmdHUWVmWTVEdlJoNWF0ZkYwNEVBNnF6dWM1OThISjAwcTVoc3VYTjAyZTFIRVZjYzQtSUFxZ3dyZWVReVlvcTlKdXRKSlo4b2RNa3NsMnROY3UzZHJXTzJSMDh6M1hrVjRKeFh0dXNSd2R5Q2wtZHJtZkViSHJHWkMxX3BjSWVjZ2pnZEU?oc=5) · WNEM
- 2024-06-24 [Willie Mae Green Obituary May 21, 2015 - Paradise Funeral Chapel](https://news.google.com/rss/articles/CBMic0FVX3lxTE5xam9mX004VHY2di1rMkItUGFNSFpnMk1zUUtvMEJWOGJQMFEzWUFoa2taY3JldHd6eENKNFR3ajZQdHpISWJYeExpNTd5VEcxQXduMlFOMEN4QlAwOU9DaWpFUWppMngwX0JnaG5Qb1JnY00?oc=5) · Paradise Funeral Chapel
- 2015-04-16 [Team One Credit Union and MShift Pilot Mobile Payments - PR Newswire](https://news.google.com/rss/articles/CBMirwFBVV95cUxNUzdPaEwwcWFOQUZ5ZGhwZ2ctV2FUU3NpdUl3OFVjeXFjUGhFSUN4TE1FenZUaFg2bmkyS19ma3FfM1lXX3l2S3BGOEtwRUdhc3dqMnlZOEhVRk14RDEzemZMQW14Z3R0cnRmOTFpTmNuSzBoVGpncVI1V0g3S1k4a1NDcTgzc3JsMnhRSjlpMk5YajJ1X0F0YWNhSTJfeHhGQTRLN1cyaWcwZEMzTDdR?oc=5) · PR Newswire

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=62141 (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/61.json (key "62141", 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=62141
- 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