# SAGINAW COUNTY EMPLOYEES
SAGINAW, MI · NCUA charter 62282 · asset band <$50M · latest filing 2023-06 · stopped filing after 2023-06 (departed; for a credit union that is almost always a merger)
Share link (named URL with a preview card): https://getbookiq.com/cu/saginaw-county-employees-62282

Who the members are: state charter, organized 1956. 2,727 members of 33,147 potential (8.2% of the field); checking penetration 64% (share draft accounts per 100 members); loans per 100 members 58.

**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 | $44.5M |
| Members | 2,727 (-5.7% YoY) |
| Full-time staff | 7 |
| Net worth | $4.4M |
| Net worth ratio | 10.0% (p27 of band) |
| ROA (annualized) | 1.03% (p73 of band) |
| Total delinquency | 0.35% (p43 of band) |
| Net charge-offs (annualized) | 0.77% (p85 of band) |
| Loans / shares | 36% (p20 of band) |
| Cash / assets | 65.6% |
| Borrowings / assets | 0.00% |
| Net interest margin | 3.35% (p53 of band) |
| Operating expense / assets | 3.06% (p47 of band) |
| Vehicles % of loans | 28% (p15 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 6% |
| Third-party paper % of net worth | 6% (p87 of band) |
| Vehicle delinquency | 0.64% (p60 of band) |
| Vehicle NCO | 0.63% (p86 of band) |
| Repossessed % of vehicle book | 0.00% (p46 of band) |
| Real estate % of loans | 54% |
| Credit cards % of loans | 7% |
| Unsecured % of loans | 14% |
| Commercial % of net worth | 0% |
| Core shares % of member funds | 60% |
| Certificates % of member funds | 8% |
| Average share balance | $5,959 |
| Participations bought / yr | $0 |
| Participations sold / yr | $0 |
| Participations outstanding | – |
| Loans outstanding per 100 members | 58% |
| Loans granted per 100 members, annualized | 12% |
| Average loan balance | $9,027 |
| Loans granted, annualized | $3.1M |

## Flags firing in the latest filing

- **assets shrinking** (`shrink_assets`)
- **members leaving** (`shrink_members`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 1 | thin capital |  |
| 2016-06 | 1 |  |  |
| 2016-09 | 1 |  |  |
| 2016-12 | 1 |  |  |
| 2017-03 | 1 |  |  |
| 2017-06 | 1 |  |  |
| 2017-09 | 0 |  | thin capital |
| 2017-12 | 0 |  |  |
| 2018-03 | 0 |  |  |
| 2018-06 | 0 |  |  |
| 2018-09 | 2 | delinquency 2x band, delinquency rising |  |
| 2018-12 | 1 |  | delinquency 2x band |
| 2019-03 | 0 |  | delinquency rising |
| 2019-06 | 0 |  |  |
| 2019-09 | 0 |  |  |
| 2019-12 | 0 |  |  |
| 2020-03 | 0 |  |  |
| 2020-06 | 1 | net worth falling |  |
| 2020-09 | 1 |  |  |
| 2020-12 | 3 | margin squeeze, delinquency rising |  |
| 2021-03 | 4 | thin capital |  |
| 2021-06 | 2 |  | net worth falling, delinquency rising |
| 2021-09 | 2 |  |  |
| 2021-12 | 3 | delinquency 2x band, delinquency rising | margin squeeze |
| 2022-03 | 2 |  | delinquency 2x band |
| 2022-06 | 3 | delinquency 2x band |  |
| 2022-09 | 3 |  |  |
| 2022-12 | 0 |  | thin capital, delinquency rising, delinquency 2x band |
| 2023-03 | 2 | assets shrinking, members leaving |  |
| 2023-06 | 2 |  |  |

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

- 2018-04-16 [Police release photos of suspected Saginaw Township credit union robber - MLive.com](https://news.google.com/rss/articles/CBMihAFBVV95cUxPMGRRRHZMQzR2Y0pUQVlwb3hIRXJ1YTBRdDZZM0gzUFR5UFYwTlJJdUJVM1FJTjNFS1NVQXBwODhIZWNWeGlhUnFFRUZId0d2TEpvMUpNMUJBTnFrbkZab2Z3Ym0tYUlFaS1oNjFabGdoNGNZUElMX1pHTjVZZ3l4dXV5ZzQ?oc=5) · MLive.com
- 2015-09-25 [Derrick Nash’s memory drives MSU’s Arnett, Chippewas - Lansing State Journal](https://news.google.com/rss/articles/CBMirwFBVV95cUxQTlBVVVU1RUV0NHlFM0J1SklObldlYXdmcGdDaDBIcDlmVDFBMkRvejdGdVVJNXNlRFVpRENNZUdmNF9yQUlxSUIyTkM4MEVuRHkzai0tSHVzVHpmdDJRcU9XeU83M0g5d3M1dEpUU2pUSy1ZNUdLVzhLeHRQWlUxLThhSXdYOWlVbXNoNWhJeF8tckRCcmFJbU5lOFNibzBvLWc0dFltZkVzNFV1elE0?oc=5) · Lansing State Journal
- 2021-10-08 [Lyman Morningstar Obituary (2017) - Saginaw, MI - Saginaw News on MLive.com - MLive.com](https://news.google.com/rss/articles/CBMikwFBVV95cUxQLXpwZm5wTEJEblVERjgzWXFobUVXRU1HeFNSXzVDZW1UZk9JajBncEFLVHBkbHMtWHdnVnBlYXVvcUswRG5MQnVUREtHUTBKNDNtazViQ184dEM2bnF6d1BkT0dyTk5ETDBDZndyZnZfMlFRLTdsc3c2MXlVOHRWbjdyQlNRVXBaSHN5a1ZOcXI1UmM?oc=5) · MLive.com
- 2018-09-19 [Man pleads guilty to spring bank robbery spree in Saginaw - MLive.com](https://news.google.com/rss/articles/CBMigwFBVV95cUxPTDVMV2hQeU1VdVViLV96Q24tUFAwbHpyQVhiMC1WbWljem5OLWUtUmJ0cElISVZmVEFxd1YzS254U0U3N2RlRVFneTJ3VEh3REZkQWstanZMYXNsMlF4ZlF4UHNrQXNGVnVZeG80U3hYYXhDOHlXWWJIYlJidU5vdFplYw?oc=5) · MLive.com
- 2009-01-09 [Carmen Spadaro Obituary (2009) - Saginaw, MI - Saginaw News on MLive.com - MLive.com](https://news.google.com/rss/articles/CBMijwFBVV95cUxPWTNYMVdMckQxdXVrZURNRzZUeWRfaU9PSk9XYmMwRE12UTBQSnFxTlF6WTlvRGJKU29tbkFPeElNZnpUcllzd3FvbldFQmE2dzc4ZEtNV2x2Q0hmVUZWaTZPYmVoR3MxX1FBazBTQ2tOUjNHcHFnY2d0VEZjQldTQ2VTWHZ4R2t5OFFJWHVHSQ?oc=5) · MLive.com

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=62282 (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/10.json (key "62282", 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=62282
- 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