# MEIJER
GRAND RAPIDS, MI · NCUA charter 62393 · asset band $100-200M · latest filing 2026-03 · live
Share link (named URL with a preview card): https://getbookiq.com/cu/meijer-62393

Who the members are: state charter, organized 1958, low-income designated. 15,309 members of 10,077,331 potential (0.1% of the field); checking penetration 51% (share draft accounts per 100 members); loans per 100 members 40.

**Verdict on the desk:** this could be *ordinary*. Composite score 1 of 18 (one point per flag across 17 flags, capital below 7% counted twice).

## What the filing shows

| Measure | Value |
|---|---|
| Total assets | $120.5M |
| Members | 15,309 (2.5% YoY) |
| Full-time staff | 31 |
| Net worth | $11.7M |
| Net worth ratio | 9.7% (p24 of band) |
| ROA (annualized) | 1.18% (p77 of band) |
| Total delinquency | 0.25% (p20 of band) |
| Net charge-offs (annualized) | 0.35% (p53 of band) |
| Loans / shares | 79% (p69 of band) |
| Cash / assets | 6.7% |
| Borrowings / assets | 0.00% |
| Net interest margin | 4.01% (p72 of band) |
| Operating expense / assets | 4.64% (p81 of band) |
| Vehicles % of loans | 18% (p17 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 0% |
| Third-party paper % of net worth | 0% (p16 of band) |
| Vehicle delinquency | 0.28% (p28 of band) |
| Vehicle NCO | 0.70% (p61 of band) |
| Repossessed % of vehicle book | 0.00% (p32 of band) |
| Real estate % of loans | 52% |
| Credit cards % of loans | 3% |
| Unsecured % of loans | 7% |
| Commercial % of net worth | 35% |
| Core shares % of member funds | 72% |
| Certificates % of member funds | 23% |
| Average share balance | $3,531 |
| Participations bought / yr | $0 |
| Participations sold / yr | $0 |
| Participations outstanding | $4.0M |
| Loans outstanding per 100 members | 40% |
| Loans granted per 100 members, annualized | 23% |
| Average loan balance | $13,749 |
| Loans granted, annualized | $30.1M |

## Participation posture (from the same filings)

Bought $0 and sold $0 in the latest annualized quarter; $4.0M outstanding purchased (34.3% of net worth), $0 sold and retained. Sold in 0 and bought in 3 of the last 8 quarters. Shares 8.0% year over year.

## Flags firing in the latest filing

- **net worth falling** (`cap_falling`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 1 | expense trap |  |
| 2016-06 | 1 |  |  |
| 2016-09 | 1 |  |  |
| 2016-12 | 1 |  |  |
| 2017-03 | 1 |  |  |
| 2017-06 | 2 | net worth falling |  |
| 2017-09 | 4 | delinquency 2x band, delinquency rising, 3rd-party paper>100% NW | net worth falling |
| 2017-12 | 4 |  |  |
| 2018-03 | 4 |  |  |
| 2018-06 | 3 |  | 3rd-party paper>100% NW |
| 2018-09 | 4 | losing money, charge-offs p90 | delinquency rising |
| 2018-12 | 4 |  |  |
| 2019-03 | 3 |  | losing money |
| 2019-06 | 3 |  |  |
| 2019-09 | 4 | loan book shrinking |  |
| 2019-12 | 4 |  |  |
| 2020-03 | 5 | losing money |  |
| 2020-06 | 7 | thin capital, net worth falling, margin squeeze | losing money |
| 2020-09 | 6 |  | net worth falling |
| 2020-12 | 5 |  | thin capital |
| 2021-03 | 5 | thin capital | charge-offs p90 |
| 2021-06 | 5 | net worth falling | loan book shrinking |
| 2021-09 | 4 |  | net worth falling |
| 2021-12 | 4 |  |  |
| 2022-03 | 4 | charge-offs p90 | margin squeeze |
| 2022-06 | 3 |  | delinquency 2x band |
| 2022-09 | 2 |  | thin capital |
| 2022-12 | 2 | assets shrinking | charge-offs p90 |
| 2023-03 | 2 |  |  |
| 2023-06 | 1 |  | assets shrinking |
| 2023-09 | 3 | net worth falling, members leaving |  |
| 2023-12 | 3 | delinquency rising | net worth falling |
| 2024-03 | 2 |  | delinquency rising |
| 2024-06 | 1 | net worth falling | expense trap, members leaving |
| 2024-09 | 1 | expense trap | net worth falling |
| 2024-12 | 0 |  | expense trap |
| 2025-03 | 1 | net worth falling |  |
| 2025-06 | 0 |  | net worth falling |
| 2025-09 | 1 | delinquency rising |  |
| 2025-12 | 0 |  | delinquency rising |
| 2026-03 | 1 | net worth falling |  |

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

- 2026-08-27 [Preferred location - thedailynews.cc](https://news.google.com/rss/articles/CBMiZ0FVX3lxTE15RHpJeFI5SEtzUEgtbnUxbU5NUlYzTC1fNGFHd0kzNkxydGo4R1hCVC1iUFdTTGt1cVk4ZHZaZmlYUXhhYWUyLVBWVTVabWRSUzY5MFFlNnZudjhWaUsxNndRVWdPaVk?oc=5) · thedailynews.cc
- 2026-04-30 [Legislation Could Threaten Popular Small Consumer Loan Programs - Mackinac Center](https://news.google.com/rss/articles/CBMiREFVX3lxTE1tbVNMak1RZmhvZjZjSWFScWF6NERKc1NRQ3pUTnZRdW85X3BDNmFPVDlwT19sTFRJdlVpOVhfdmczemFW?oc=5) · Mackinac Center
- 2026-08-12 [After years in the works, new Plymouth Township Meijer finally has an opening date - MLive.com](https://news.google.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?oc=5) · MLive.com
- 2026-01-21 [FOX 17 honors 2025 Pay it Forward winners with annual awards gala - FOX 17 West Michigan News](https://news.google.com/rss/articles/CBMirAFBVV95cUxNTGU0OWduZlVuc2NlZ0F5S01DbllURFNJSlhJTTNpZkVTaDRzTlBmdGY5U1dNbUV5WE5JNm9kcG5wei05OU1LY1pMdWNuNTMtakhtSHpHTkszY0I2cDNucFVDTnJHRGN1cFNraGt6SjY0TmthYjhvTTFyOG9uR3FQdVl4a1pRYWI5bWJZcUxjRlV4bEU0NTdibmRpaDFlcl95djQ1RndtSlczQkJo?oc=5) · FOX 17 West Michigan News
- 2026-01-22 [Tractor Supply plans new Plymouth Township location - hometownlife.com](https://news.google.com/rss/articles/CBMitAFBVV95cUxPcU8yZGNqRjB2aWYtZFg2NTNiVUZiOTRUd2JSdHVhOXIxOUphLXBON2NWbHNVQWpDNkdEZ2lHUVRiYkZJSjhJVzNvd3V2WTZJZFFfNU90cUo2UUdqNlRHaGVkamlsSlFibnU5dWZxenJKS3hyeUNqZGtoZnRyR0ZBOWZxMEtvV2VtTFJuRTY2ZnNSN1dXYXZWemVDckN3Qm12ODZXbTA3ZUVnM2k3cWpaYk5XU2Y?oc=5) · hometownlife.com
- 2022-06-12 [Meijer continues to be plagued by card processing issues - ClickOnDetroit | WDIV Local 4](https://news.google.com/rss/articles/CBMirwFBVV95cUxQd2NRaDlJUWE1amI4ejBubUZRVW9NVnFhN0JNXzNYbmU2NktuLXFVMk14X2hyMkY3aG5JVC1TcVZFS1Bnb0M1bS1CNFdBR2dFeGNRNXpJeS1jVjQzb1ZGUHZxZmRYWVNGODNfSnlpS09SZU1GeTA0WE9hcjVPMERkZnp3QUVlUTFqRmRfX2tsVjF1RThzTHozXy1FRk41YW5JOENha3V0SjBmazRiVzBr?oc=5) · ClickOnDetroit | WDIV Local 4
- 2026-04-24 [After legal fight, Metro Detroit Meijer expected to open by late summer 2026 - MLive.com](https://news.google.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?oc=5) · MLive.com
- 2023-06-29 [Filer Credit Union to open branch in Mason County - MasonCountyPress.com](https://news.google.com/rss/articles/CBMimgFBVV95cUxQeC1LUTJIaFJtRmhTcF9rVzljaWEtY1pPN2VoMXhubWZEOGpFNURzdmtOZmQ2SUZVb3JJQjR6ZTk0OWNEUkpEZnJ5UHdPMS1oNEMweHJhODc5WTc5VWU1WXlMcDRNN0NoaUJLekp2dVRDRm5JZ19Fc25Qb0dPbmtCcF9pX1c0dnJUbFZGWDFRQURQdEF0TEQ2b0dR?oc=5) · MasonCountyPress.com

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=62393 (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/57.json (key "62393", 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=62393
- 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