# MICHIGAN COMMUNITY
JACKSON, MI · NCUA charter 62310 · asset band $100-200M · latest filing 2017-03 · stopped filing after 2017-03 (departed; for a credit union that is almost always a merger)
Share link (named URL with a preview card): https://getbookiq.com/cu/michigan-community-62310

Who the members are: state charter, organized 1936, low-income designated. 18,252 members of 5,012,305 potential (0.4% of the field); checking penetration 41% (share draft accounts per 100 members); loans per 100 members 66.

**Verdict on the desk:** this could be *indirect buyer*. 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 | $164.8M |
| Members | 18,252 (4.7% YoY) |
| Full-time staff | 42 |
| Net worth | $15.2M |
| Net worth ratio | 9.2% (p33 of band) |
| ROA (annualized) | 0.58% (p67 of band) |
| Total delinquency | 0.58% (p49 of band) |
| Net charge-offs (annualized) | 0.57% (p74 of band) |
| Loans / shares | 89% (p89 of band) |
| Cash / assets | 8.9% |
| Borrowings / assets | 0.00% |
| Net interest margin | 3.39% (p75 of band) |
| Operating expense / assets | 3.51% (p47 of band) |
| Vehicles % of loans | 34% (p44 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 120% |
| Third-party paper % of net worth | 351% (p92 of band) |
| Vehicle delinquency | 0.11% (p14 of band) |
| Vehicle NCO | 0.56% (p57 of band) |
| Repossessed % of vehicle book | 0.00% (p28 of band) |
| Real estate % of loans | 39% |
| Credit cards % of loans | 6% |
| Unsecured % of loans | 8% |
| Commercial % of net worth | 0% |
| Core shares % of member funds | 50% |
| Certificates % of member funds | 17% |
| Average share balance | $4,891 |
| Participations bought / yr | $0 |
| Participations sold / yr | $0 |
| Participations outstanding | – |
| Loans outstanding per 100 members | 66% |
| Loans granted per 100 members, annualized | 69% |
| Average loan balance | $10,927 |
| Loans granted, annualized | $40.6M |

## Flags firing in the latest filing

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

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 2 | loans>95% of shares, 3rd-party paper>100% NW |  |
| 2016-06 | 3 | thin capital |  |
| 2016-09 | 4 | leaning on borrowings |  |
| 2016-12 | 2 |  | thin capital, leaning on borrowings |
| 2017-03 | 2 | delinquency rising | loans>95% of shares |

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

- 2026-02-02 [Michigan’s Community Financial CU Adopts New ‘Orsa’ Name After 75 Years - cutoday.info](https://news.google.com/rss/articles/CBMiqgFBVV95cUxPV1NIYXRTU2UwS0hwaW1JYTBDbUJ1ZC1MQkxLMFUteUs3aEI4TFZUWWdMU3ZWZkVqdzdPY2JXSWpKa1JkR0kxajFUaUJCUHFYbEdFeXR1VnRBbVVxbGREZXFkM0RieHRKTWc4YVVsWnRjTEJ5bkotNEhwalh1cnVXUVdRMkxzYzU3ODVSNldkczRLLWd1SldiaEZ2Qk5zaWtBeU1tV0RZUERXdw?oc=5) · cutoday.info
- 2020-08-26 [Community Choice CU to absorb Michigan Community CU - americanbanker.com](https://news.google.com/rss/articles/CBMiogFBVV95cUxPRHJUV3FOQnI4SkdjZ1FnMXh3TVRwUF9mNXI2bTdrNDhISE1PMXNUT2JPTEM2QzJlWkRFal9CeS04SWNKX050YmR4RTlHcHdKNS12OUVEUktDanUzQWkxRTVjYWpJcUxoYjdQWjVnTm83am5GWE9jWW9zQVdlZEdGUFpaV01Ud09FbEpQYlF3eTlHUWktejN6X0wzcE5xb3B1M1E?oc=5) · americanbanker.com
- 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
- 2024-11-03 [Michigan launches accelerator to tap federal clean energy funds with support from clean energy lenders and Kresge - Kresge Foundation](https://news.google.com/rss/articles/CBMi3AFBVV95cUxPUks0bHd3a3cxcFJRUW13TG9vVkZheDctU1dOSF93ZnZqWlNlenlVRWpZTEdrM1FTVEhJSnBEaG1sbEhGYmNwUjRUdXZYNEtzSFRvOU5EWE56bGlMQy1EY05HVmdYMjdGdFI4NHNwRDRVeFlOQUk1Mzh4Zm9ZN0xRVDc0cU5JWjdxTGFnVWJvRVdtMXRMc0NqU1ZhOTVKcFV5SFJRZW5yQWRQSTRoWkRoSGNBTk5PZ013eHpIMktZQ1BrZTJaUlNRYnk5UGwwZlM2TnBZYk91V3RBby1G?oc=5) · Kresge Foundation
- 2022-07-30 [New board appointments: Jessica Hillborg appointed Board Chair; Heather Luciani and Kelli Wisner-Frank added - CUInsight](https://news.google.com/rss/articles/CBMi4AFBVV95cUxQMzBUTE13bzlqVWVtSHJXSHdjQmRGcmViMW5IWGdlWUFRN3NvUTFsdmM0ZmVLaTVpMm9ibmV5UzdJTzhZTFBlaklkcEw3NlhrSVFzOFVkckgwWHNacUduR1dodnBlQ0xYdnJsbUNJYXJ6dlhjZEJkMFVaa3dzeUtIckhnT0VzQjFVSmNyRWJOUjZBVWhZek5MaTJiTkI5eVlGNXFYMDJsdDEtWTVzWlFEUmktZFpoRUNvbTMtVTc2Q2JST2xBVFRNdWJlVk9FX3h3ZVJQakJGLWRYdk1lTTRxLQ?oc=5) · CUInsight
- 2015-07-28 [Michigan Community Credit Union Awards Grant - JTV Jackson](https://news.google.com/rss/articles/CBMibEFVX3lxTE5hUjZzMEpZamlmRUphRkstMlU3UlVEYy13ZjJSbHM4MDRmdndRSVdlY3Q2czd6MEVhV1VGd3hhNVhIUDE1RjdyWFFuVDVWcVVrQlNSOEg4QnRZc0Z2akJlc1BkaHVFT1dHNjRoUw?oc=5) · JTV Jackson
- 2021-11-28 [Michigan marijuana businesses couldn't find banks to take their cash, lend money - Detroit Free Press](https://news.google.com/rss/articles/CBMi4wFBVV95cUxPLXRoY1B6amdYSXQ1bUFqQUVkT1RPbW44STgxUEdRZ1BQTHhDbEFibHQzSDdUdk00eDh3UXd6Nlk3S1Fsd0x6R09PdzR3dUpmWUd0dVdjVHhSLVo5bEdMYWo3NDh3Q0JFM0prdEo5WE5zaGo4UVNuNjRBblczZXRWcVZjdzlORVd6N2toYnc2U3B0QnltZy1XblduVVlic3FUalRrcGQ1d3hjUzhUaWhrcEVHeTVmVER2NHh5R1V2UkpiX2FtVUpaZGg2YnJqLVhLYjByOWR6Q2lwdnFkSWpjbXFIOA?oc=5) · Detroit Free Press
- 2024-01-17 [Google Wallet now supports 44 more banks — here's the new additions - androidpolice.com](https://news.google.com/rss/articles/CBMijgFBVV95cUxNc2tTNzBQQjlWRmhZQnBFTFdzVlVWWDBwcUc0TkhyNWl4T1dfM0hLU3oxNDZPdlhqWV9mWmEyd3VRWVA0enVPaWk0SGFwSm9QM2E2X2M5ckpOblU2cF9lQkNZbzl6alFweWE0M25fYVZQdVBqV3BtNzIzRDJYNjhZTWw1QkZBUHI5VDBlbmVB?oc=5) · androidpolice.com

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=62310 (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/38.json (key "62310", 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=62310
- 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