# LAKES COMMUNITY
LAKE ORION, MI · NCUA charter 62170 · asset band $50-100M · latest filing 2019-12 · stopped filing after 2019-12 (departed; for a credit union that is almost always a merger)
Share link (named URL with a preview card): https://getbookiq.com/cu/lakes-community-62170

Who the members are: state charter, organized 1937. 9,683 members of 1,000,000 potential (1.0% of the field); checking penetration 51% (share draft accounts per 100 members); loans per 100 members 58.

**Verdict on the desk:** this could be *indirect buyer*. Composite score 3 of 18 (one point per flag across 17 flags, capital below 7% counted twice).

## What the filing shows

| Measure | Value |
|---|---|
| Total assets | $96.6M |
| Members | 9,683 (-4.2% YoY) |
| Full-time staff | 21 |
| Net worth | $11.4M |
| Net worth ratio | 11.8% (p54 of band) |
| ROA (annualized) | 0.81% (p67 of band) |
| Total delinquency | 0.04% (p2 of band) |
| Net charge-offs (annualized) | 0.16% (p26 of band) |
| Loans / shares | 73% (p58 of band) |
| Cash / assets | 14.3% |
| Borrowings / assets | 0.00% |
| Net interest margin | 3.48% (p61 of band) |
| Operating expense / assets | 3.80% (p53 of band) |
| Vehicles % of loans | 49% (p62 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 64% |
| Third-party paper % of net worth | 170% (p84 of band) |
| Vehicle delinquency | 0.04% (p9 of band) |
| Vehicle NCO | 0.22% (p36 of band) |
| Repossessed % of vehicle book | 0.00% (p36 of band) |
| Real estate % of loans | 37% |
| Credit cards % of loans | 3% |
| Unsecured % of loans | 7% |
| Commercial % of net worth | 1% |
| Core shares % of member funds | 52% |
| Certificates % of member funds | 7% |
| Average share balance | $4,563 |
| Participations bought / yr | $0 |
| Participations sold / yr | $0 |
| Participations outstanding | – |
| Loans outstanding per 100 members | 58% |
| Loans granted per 100 members, annualized | 8% |
| Average loan balance | $11,054 |
| Loans granted, annualized | $14.4M |

## Flags firing in the latest filing

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

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 3 | losing money, delinquency 2x band, 3rd-party paper>100% NW |  |
| 2016-06 | 1 |  | losing money, delinquency 2x band |
| 2016-09 | 3 | net worth falling, losing money |  |
| 2016-12 | 3 | delinquency 2x band | net worth falling |
| 2017-03 | 1 |  | losing money, delinquency 2x band |
| 2017-06 | 2 | net worth falling |  |
| 2017-09 | 1 |  | net worth falling |
| 2017-12 | 1 |  |  |
| 2018-03 | 2 | losing money |  |
| 2018-06 | 1 |  | losing money |
| 2018-09 | 1 |  |  |
| 2018-12 | 1 |  |  |
| 2019-03 | 1 |  |  |
| 2019-06 | 2 | members leaving |  |
| 2019-09 | 2 |  |  |
| 2019-12 | 3 | loan book shrinking |  |

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

- 2019-10-25 [Bert Neagbour Obituary Oct 25, 2019 - Ziemer-Moeglein-Shatava Funeral Home](https://news.google.com/rss/articles/CBMiZkFVX3lxTFAxOW5Yd2ljZW0yQXZrUTUtSXBWQWppOFdPY3pCd3dvT3ZZS0MxSkpsMWRIejQwMklpQi1LOHBRTHBHVVkxWVlVLUF6bnNCZ3pSeWp3aEpPZzdIeFhKQS1oOFZwU1N0Zw?oc=5) · Ziemer-Moeglein-Shatava Funeral Home
- 2025-12-31 [Giving Back for December - SiouxFalls.Business](https://news.google.com/rss/articles/CBMiZkFVX3lxTE1aaVZmekozYy1mSnFndnYzYkNwZURsVmM3S0xWUzVtZ3NLTUFnQXRrR1VsVVRfNkdJMmlYOUV5QUpnN1VhRS12ZTNRNnpEa1ZMcTh2bExWRXk3ZFRXSkp0d0ludi0tdw?oc=5) · SiouxFalls.Business
- 2023-12-12 [Recruiting direct care workers a challenge for Michigan’s adult foster care homes - flintside.com](https://news.google.com/rss/articles/CBMiV0FVX3lxTE8xcVFIS2pLbUpEb3V4Ulg2UXp4cXZ0d3ZybE42aWl6aUFMSFZqVlhLY3FvdWNGZ0dOSV84RTAzdUFXbFQyTVI2QnA5WUQwek0zYmw5ay1JNA?oc=5) · flintside.com
- 2018-11-28 [Finger Lakes Community College - rbj.net](https://news.google.com/rss/articles/CBMiakFVX3lxTE5aZW05RTNkSDc4WjlwS0tGNTFOY1dnNkhLNGZoaXVOTjRhZHZkbzU5MllKQVN3dUlENERXdDNDRkdZU1lWZVBrNFZMNHBiTHg4ZDN1a1lpanQ4bGJFTGM3NWt0MFI1elBQMGc?oc=5) · rbj.net
- 2026-05-19 [Three Lakes community awards more than $140,000 to seniors - Vilas County News-Review](https://news.google.com/rss/articles/CBMimwFBVV95cUxPUHVJb2JaSGJ3QXgxekUzaGp2TVJxcjRVVHNvZnYyU192SjFVYUdmcGJMT1FvT3N5a0w2Zk9GZEZsbHVfRVFpUnhxWUpCYXFDekVxWThfbnd4QTlmRDJSeE5fUVFIMFo5cXk0UktGSmZyNzAweHBWdGpMSUltWXBrOTkwc2V3TlBFbTFWeHMzRW02NTVGSnYtcTBQRQ?oc=5) · Vilas County News-Review
- 2017-02-22 [‘Chronic' crack cocaine user sentenced for west Michigan robbery - Detroit Free Press](https://news.google.com/rss/articles/CBMipwFBVV95cUxPazkzMl9yNEVVTk1EN3g3aWc4d0VjQ3NzaUxHd1ZxaGFJc0ZXVjdabzNEcGJTa21MMHFqRFdDMFZ1WlNkaVdVeFFlYU1HbkR4LVg5eGY5dFdacUoyVmYtQ3FuVUx4dHpIeGRtcW1NblhPd0lPcWg2U1g4b3V1NHFJOWJobzdnaVpPUThjRy1oVnVFbjduM2tZX1JLTjUyZXpnVDdLcnBZWQ?oc=5) · Detroit Free Press
- 2016-08-16 [Man nabbed following Big Rapids bank robbery indicted for 3 recent heists - WZZM13.com](https://news.google.com/rss/articles/CBMixwFBVV95cUxNdnNLOVBUVkdYQjRmcHJwdHZQRTUtc1lvVGlLdE1nYVY4cHJ4V1hVYUxrOUVhZnNDandEUGJCbEw4djVfY29fbXJoVVdNLVphLVhjZl9YTEh4LVJ6LWE3UGhaTnloYk9mWm4zakMwR3hiclhPRmNMRXVQUGdRV2x5VURGR1pzTHRGZkRIYTgxcVpwbVgxMzJJRFRwU1QzWm1XSk51aUlqVHVsQm1Uc0NKNXRuRWZiTmhBZTR5RXdmRENkSVk4NG1J?oc=5) · WZZM13.com
- 2011-04-01 [Heather Timmerman Obituary (2011) - Muskegon, MI - Muskegon Chronicle - MLive.com](https://news.google.com/rss/articles/CBMilAFBVV95cUxQbTZ3Tk9IWnppTzJyd2lGV012RHJxUmNNdHczcWlBNUNLZlYtb3NOazRyMVQ1S253YVdiLXllaXRIQUs0OTZDTHVnaEJZb1ZsT3ZXUWl2aFNxTW50MktMS0swTGYxYURTTHZfSWZnLUhiRTJsUzJnQmZ6UXZpcUM0d0FWU2c2d0U0THU1VzR0VUFCcXhv?oc=5) · MLive.com

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=62170 (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/26.json (key "62170", 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=62170
- 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