# MICHIGAN ONE COMMUNITY
Ionia, MI · NCUA charter 62169 · asset band $200-500M · latest filing 2026-03 · live
Share link (named URL with a preview card): https://getbookiq.com/cu/michigan-one-community-62169

Who the members are: state charter, organized 1954, low-income designated. 18,877 members of 10,140,459 potential (0.2% of the field); checking penetration 59% (share draft accounts per 100 members); loans per 100 members 51.

**Verdict on the desk:** this could be *ordinary*. 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 | $237.9M |
| Members | 18,877 (0.5% YoY) |
| Full-time staff | 43 |
| Net worth | $23.6M |
| Net worth ratio | 9.9% (p28 of band) |
| ROA (annualized) | 0.77% (p57 of band) |
| Total delinquency | 0.22% (p13 of band) |
| Net charge-offs (annualized) | 0.14% (p20 of band) |
| Loans / shares | 82% (p72 of band) |
| Cash / assets | 16.9% |
| Borrowings / assets | 0.00% |
| Net interest margin | 3.20% (p26 of band) |
| Operating expense / assets | 3.89% (p58 of band) |
| Vehicles % of loans | 40% (p64 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 41% |
| Third-party paper % of net worth | 120% (p63 of band) |
| Vehicle delinquency | 0.23% (p20 of band) |
| Vehicle NCO | 0.13% (p15 of band) |
| Repossessed % of vehicle book | 0.01% (p53 of band) |
| Real estate % of loans | 47% |
| Credit cards % of loans | 1% |
| Unsecured % of loans | 3% |
| Commercial % of net worth | 29% |
| Core shares % of member funds | 48% |
| Certificates % of member funds | 29% |
| Average share balance | $6,088 |
| Participations bought / yr | $0 |
| Participations sold / yr | $0 |
| Participations outstanding | $6.9M |
| Loans outstanding per 100 members | 51% |
| Loans granted per 100 members, annualized | 17% |
| Average loan balance | $17,844 |
| Loans granted, annualized | $59.5M |

## Participation posture (from the same filings)

Bought $0 and sold $0 in the latest annualized quarter; $6.9M outstanding purchased (29.3% of net worth), $0 sold and retained. Sold in 0 and bought in 3 of the last 8 quarters. Shares 3.2% year over year.

## Flags firing in the latest filing

- **net worth falling** (`cap_falling`)
- **3rd-party paper>100% NW** (`str_thirdparty`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 4 | thin capital, loans>95% of shares, 3rd-party paper>100% NW, auto monoline |  |
| 2016-06 | 4 |  |  |
| 2016-09 | 4 |  |  |
| 2016-12 | 3 |  | thin capital |
| 2017-03 | 4 | thin capital, delinquency rising | loans>95% of shares |
| 2017-06 | 4 | loans>95% of shares | delinquency rising |
| 2017-09 | 3 |  | thin capital |
| 2017-12 | 4 | thin capital |  |
| 2018-03 | 4 | net worth falling | loans>95% of shares |
| 2018-06 | 2 |  | thin capital, net worth falling |
| 2018-09 | 3 | loans>95% of shares |  |
| 2018-12 | 2 |  | loans>95% of shares |
| 2019-03 | 3 | net worth falling |  |
| 2019-06 | 3 | delinquency rising | net worth falling |
| 2019-09 | 2 |  | delinquency rising |
| 2019-12 | 2 |  |  |
| 2020-03 | 4 | thin capital, net worth falling |  |
| 2020-06 | 3 |  | auto monoline |
| 2020-09 | 2 |  | net worth falling |
| 2020-12 | 2 |  |  |
| 2021-03 | 3 | net worth falling |  |
| 2021-06 | 2 |  | net worth falling |
| 2021-09 | 2 |  |  |
| 2021-12 | 2 |  |  |
| 2022-03 | 2 |  |  |
| 2022-06 | 2 |  |  |
| 2022-09 | 3 | delinquency rising, loans>95% of shares | thin capital |
| 2022-12 | 2 |  | loans>95% of shares |
| 2023-03 | 3 | thin capital |  |
| 2023-06 | 2 |  | delinquency rising |
| 2023-09 | 1 |  | thin capital |
| 2023-12 | 2 | delinquency rising |  |
| 2024-03 | 3 | thin capital, net worth falling | delinquency rising |
| 2024-06 | 2 | delinquency rising | thin capital, net worth falling |
| 2024-09 | 2 |  |  |
| 2024-12 | 2 |  |  |
| 2025-03 | 1 |  | delinquency rising |
| 2025-06 | 1 |  |  |
| 2025-09 | 1 |  |  |
| 2025-12 | 1 |  |  |
| 2026-03 | 2 | net worth falling |  |

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

- 2013-12-13 [Dawn Ketchum to lead M1 Carson City office - Sentinel-Standard](https://news.google.com/rss/articles/CBMipwFBVV95cUxOM2N0SkNBUDdVMmFMMktzcWRGV0c3WUp2SUp0bnJoMWt6M19lRmp0SXU2QWVlWXF4UFc3VTNiX05oSDJRUG8wa1Y3dUhoZUpPSWJvOV9vbExiTXN5SFJWSkphdExuaE81aUZzVnc4VXN1NFFYdm01Wl9nVWhZb2s4My01bnJzeFh3ZUtKM0tyV0k4amhnRDVFZjZZaEd5MUhfQkpXNlpwWQ?oc=5) · Sentinel-Standard
- 2022-10-14 [M1 CEO retires after 31 years - thedailynews.cc](https://news.google.com/rss/articles/CBMidkFVX3lxTE8zLXN4Q09PRk41MGJLQVVZa1FiWkc3dHZYTGY5eWhMRmFOWFJEb05POVJNZTBwcktfcXY5c1dvbTU1VGM3bnRSRkVNUnVLdV9lcFlLZGs5dE4td1E1SExGVE9PZFNTRHk5U3FaV1pIVVBhMEx1Wnc?oc=5) · thedailynews.cc
- 2022-11-17 [Toys for Tots | Here's where you can drop off toys in West Michigan - WZZM13.com](https://news.google.com/rss/articles/CBMi3wFBVV95cUxNWUM3SjdLdHZwY29NcGZPV1hHanlNR1pZaDlpRk9Fa3J6UENwX1VueGYzandBMmtkVnpXclV6R1ZNTlQ5UE80bEVDN1lteGN2VkpGeHdtbWtfTTVGVHRfc3pzYml0Y1FvRTA1Y3VMbWgza1cxajc3a0ViZWxJU29zTF9SNHgydDhoTDN6SEtxazJZSjBQNDRrdmlteEVpWXBnbUt6RFpjMTcxblREZVBqbVR4Nk1mZG0yQmZ0ZWd0dkkzRzZyME9ocmNmb0N5d1VXYXV2UlZHbEFucGE4Z3lZ?oc=5) · WZZM13.com
- 2024-05-06 [Culver’s coming to Pine River Township - The Morning Sun](https://news.google.com/rss/articles/CBMihgFBVV95cUxNSkRjeDFPQUxQOFhydW9QdlQzcXI2TDU2QkltQ1ZUX01seGdPeVVod3lhLUpfdXQtNURzOVhTdjVaV3hLUWpsSFVnNGdGSU1sWHpNajlvTE9hOHhnTVdNakFiUm9ib3JibU85QVFkRXdjdDdacTgzSHRLbS1FV0o4R1NEN2VDdw?oc=5) · The Morning Sun
- 2026-08-06 [Ionia politician Marilyn Harp pleads guilty as feds uncover cash hoard - The Detroit News](https://news.google.com/rss/articles/CBMizwFBVV95cUxQQUJXdmRlcFhkaEt6Mng5S3I0V0lpcHRIVm14SGhSdXZBTjdHaE0xVGx5blRsRHhaR19OUnU2Y1lSVEg1Ny1UVnBNNEpCQjlmelgzaVRvWWFWQ3QtdV9tTjNKcWFRTnZTV3BqQUNMRV9YMlhiMURiWDNaQm1KRGFVeHltaGxyM1BoWXlKWkJwRmJBc1NFeUxoN1pTc2Q3RG9iUXVpbnpmQ1N1alVzX2JqYk0tbGVUWHRkVjhaUWRGQkJlNF94YUtZVHRwQmcxRTA?oc=5) · The Detroit News
- 2013-05-06 [Gordon Conrad joins M1 as office supervisor - Sentinel-Standard](https://news.google.com/rss/articles/CBMirgFBVV95cUxQQXFGenN5amNfS044R0tTanlFNFY3TW9iSVZTbFVzZkd6YTJSQXBHZWRKSUt2T0dMVGxONDNTdi1yVTBYWEg2VDR5RThpZFpjNjJSYnpSaGxpaU14NjYwZzBmZXBabm9La3NMZVNDTURwV1BlSlRSbUxVZS01amE4eFVydVBLZlRLTEgwUGF5dnBLQzJ3Sk4ydFJURzQ1RElaYkJaVkpKcUpCYUltcFE?oc=5) · Sentinel-Standard
- 2015-06-30 [4th of July: Full list of fireworks and parades - Lansing State Journal](https://news.google.com/rss/articles/CBMipgFBVV95cUxONGVlOTg2eEVuaDU4U2EyNy1UTkxmcU1rakZjcExJUThja2FIZ2c2bWx3UGxway1XZWE5MXo3NVFLOTQ2REVNS2ptTFcwRWRVTHBESzN5VnFOc1FfOWs5aE4xaVZRZV9jQ3lsY2FNU09ieGhMdkFtaFhKLVNUaE9GVGwzMGZIQy1CWG02NndZZHdEV29TWFVEV054dVRpUUlVVTVQREFR?oc=5) · Lansing State Journal
- 2025-11-17 [Here's where you can drop off your donations for the 2025 Toys for Tots campaign in West Michigan - WZZM13.com](https://news.google.com/rss/articles/CBMi2gFBVV95cUxPaDVJVTkySHFzNmM4S0haQTZjSEtoZEZCa3Y4QVdtcmRMV1pLWlZWa3U3aDhZMndVSExrY3dvR0pyWHZuT3NFdWFNekFjU3UxZ08zWW5KSG83el95UzFFZEdqWnR0TzBvMDIxeTFaMnJNOTd3d0EwbzRRbndhQXE0NnRjTXlaY2RYS195UlAtWTlublZpY3pGQWhyWEtWSU5Tckl3RklzRmdYTTgzS3F1NUdFdEFEc2xfelA4TXVKVFJ4aEQxYXNmeGZsaXJoQ1Q1R1BkSlR2VHhYQQ?oc=5) · WZZM13.com

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=62169 (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/25.json (key "62169", 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=62169
- 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