# AAC
Grand Rapids, MI · NCUA charter 62217 · asset band $200-500M · latest filing 2026-03 · live
Share link (named URL with a preview card): https://getbookiq.com/cu/aac-62217

Who the members are: state charter, organized 1937. 14,809 members of 10,034,113 potential (0.1% of the field); checking penetration 51% (share draft accounts per 100 members); loans per 100 members 51.

**Verdict on the desk:** this could be *ordinary*. Composite score 0 of 18 (one point per flag across 17 flags, capital below 7% counted twice).

## What the filing shows

| Measure | Value |
|---|---|
| Total assets | $211.2M |
| Members | 14,809 (-2.6% YoY) |
| Full-time staff | 44 |
| Net worth | $50.5M |
| Net worth ratio | 23.9% (p100 of band) |
| ROA (annualized) | 1.45% (p90 of band) |
| Total delinquency | 0.09% (p5 of band) |
| Net charge-offs (annualized) | 0.21% (p30 of band) |
| Loans / shares | 75% (p51 of band) |
| Cash / assets | 7.9% |
| Borrowings / assets | 0.00% |
| Net interest margin | 3.54% (p49 of band) |
| Operating expense / assets | 3.28% (p33 of band) |
| Vehicles % of loans | 26% (p36 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 61% |
| Third-party paper % of net worth | 37% (p36 of band) |
| Vehicle delinquency | 0.33% (p29 of band) |
| Vehicle NCO | 0.54% (p46 of band) |
| Repossessed % of vehicle book | 0.00% (p25 of band) |
| Real estate % of loans | 64% |
| Credit cards % of loans | 4% |
| Unsecured % of loans | 5% |
| Commercial % of net worth | 0% |
| Core shares % of member funds | 43% |
| Certificates % of member funds | 39% |
| Average share balance | $4,869 |
| Participations bought / yr | $0 |
| Participations sold / yr | $0 |
| Participations outstanding | – |
| Loans outstanding per 100 members | 51% |
| Loans granted per 100 members, annualized | 7% |
| Average loan balance | $15,962 |
| Loans granted, annualized | $24.1M |

## Flags firing in the latest filing

- none

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 0 |  |  |
| 2016-06 | 0 |  |  |
| 2016-09 | 1 | net worth falling |  |
| 2016-12 | 2 | leaning on borrowings |  |
| 2017-03 | 1 |  | leaning on borrowings |
| 2017-06 | 0 |  | net worth falling |
| 2017-09 | 1 | delinquency rising |  |
| 2017-12 | 0 |  | delinquency rising |
| 2018-03 | 0 |  |  |
| 2018-06 | 0 |  |  |
| 2018-09 | 0 |  |  |
| 2018-12 | 1 | delinquency 2x band |  |
| 2019-03 | 0 |  | delinquency 2x band |
| 2019-06 | 0 |  |  |
| 2019-09 | 0 |  |  |
| 2019-12 | 0 |  |  |
| 2020-03 | 0 |  |  |
| 2020-06 | 1 | net worth falling |  |
| 2020-09 | 1 | margin squeeze | net worth falling |
| 2020-12 | 1 |  |  |
| 2021-03 | 2 | net worth falling |  |
| 2021-06 | 0 |  | margin squeeze, net worth falling |
| 2021-09 | 0 |  |  |
| 2021-12 | 1 | delinquency rising |  |
| 2022-03 | 1 |  |  |
| 2022-06 | 0 |  | delinquency rising |
| 2022-09 | 0 |  |  |
| 2022-12 | 0 |  |  |
| 2023-03 | 0 |  |  |
| 2023-06 | 1 | delinquency rising |  |
| 2023-09 | 2 | assets shrinking |  |
| 2023-12 | 0 |  | delinquency rising, assets shrinking |
| 2024-03 | 0 |  |  |
| 2024-06 | 1 | net worth falling |  |
| 2024-09 | 0 |  | net worth falling |
| 2024-12 | 0 |  |  |
| 2025-03 | 1 | net worth falling |  |
| 2025-06 | 0 |  | net worth falling |
| 2025-09 | 0 |  |  |
| 2025-12 | 0 |  |  |
| 2026-03 | 0 |  |  |

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

- 2015-09-16 [Two West Michigan credit unions merge - The Holland Sentinel](https://news.google.com/rss/articles/CBMirwFBVV95cUxQYTF4YW5KbWo4R1dWWS1vR1hPaUdOM0JDUGZjSC1mLTQzUHpGOENrdlh4eFdjUmtsY21EUnRoZWVucmhRWjZzbkdOMm14cmU3ajV4WDkyMVZGNFNNdDhxamtSOVEybk91VU1ZaU5IM1dBaXZyZ2NtakF0dXVRYTdNQkp1LV91NkpWR3RVeUUwM25LNVR0Rll5dW5HY0VwVHIzUFp0d1JPanJHZnRVZS1n?oc=5) · The Holland Sentinel
- 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
- 2024-12-15 [Obituary for Pamela Jean (Hardy) Button - Klaassen Family Funeral Home](https://news.google.com/rss/articles/CBMiakFVX3lxTE5QZG5LQ3BpbTZoVUxQT1dZR0xFRDcxS3RYZUd3NFAxakJZdlVyOXA0ay1vSEpMaWFlOUVOSTJhcWMtd1NMbjNubEZxb2Raa01JQlFIUHh1TjNUdVZ1LXAzUUdwbHgxMUdZRnc?oc=5) · Klaassen Family Funeral Home
- 2024-12-22 [Lisa Veenstra Obituary & Funeral | Grand Rapids, MI - Heritage Life Story Funeral Homes](https://news.google.com/rss/articles/CBMibkFVX3lxTE0tUHNLYzJ3anNBU29RLU4wRjhJTnE1T3lRZWxDVHVVWWNLVld1bUJaV3BIMFhjR0o5LUVvdDByMzI5bFI3M1RVRm9pckVtVDhndjU4blhIamZYblVGOTlvT2QwQ2JlcDk2amhnbC1B?oc=5) · Heritage Life Story Funeral Homes
- 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
- 2021-10-13 [Shirley Karrip Obituary (2012) - Grand Rapids, MI - MLive.com](https://news.google.com/rss/articles/CBMilAFBVV95cUxNTmUtRUFHd1RnR3NNNTBKQTMzUTdpMlV6VzJUXzRLZ19YbWVlQ3VvdVFIclUxX2QwYTFsUjdKd080VjBoZXZVS2RoTnRVbkI2OTNSUWlDS2F5Y1F6ZUlXQzBzcHotSC1tTl9TZ2RVcXFfa0JmOW5BOXlRWHFpQzVHUHBmWkx1bGRoOXMzUEhrSVpKSWda?oc=5) · MLive.com
- 2025-11-16 [Week 13 Bowl Projections & College Football Playoff Predictions - College Football News](https://news.google.com/rss/articles/CBMirwFBVV95cUxPaGlnWGFfTkpJSDJrZnNUNkFOM0gwMHMydFI1d25qZUxIUnRoSTJyRnRWMmk2Tmk0b09UVVhvVUVJc25iVG5tY3pBd0ctVVI1WXhzMUVsdk9sckFoTlFGSlhDVVBWUFRwVG8zWXNGdUJaZUt0a2sxcG5Ob3pUelB4eXB6SlFCY0wzRUJnVTRZMG9yWnJRbEp5ZmZCTGh3MGM5bnNsN0dfVGlIZkxxQzFR?oc=5) · College Football News
- 2020-11-16 [Toys for Tots 2020 drop-off locations - WZZM13.com](https://news.google.com/rss/articles/CBMi2gFBVV95cUxPN3NCTjhuZlZPdFgxNE9ScmlaSjEwMjV6OFVyakwteXU2ZU5yOXJIQUZLVlJDcWFYVUl6WGZBWVhKT2kxLWNIai03a2xSRFJJdHdqWlZDVVFhME9zaVpDOU5SMEZqclRTaUJuaC1jd0h4N2F2TXZRNUdsa29fUVI5SU9jZHNCcDduLXh2QTJCcklJMk8yaGthR291eDI0ZExxSnNQVTB4WkhTQ0dRdUFBV1lzQVo3V1dVamNFdzFjTVVxM01mYU1jQXhTRW9WQUpYZTFNWE9Xa0VKQQ?oc=5) · WZZM13.com

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=62217 (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/9.json (key "62217", 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=62217
- 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