# CREDIT UNION ONE
Ferndale, MI · NCUA charter 62562 · asset band $1-10B · latest filing 2026-03 · live
Share link (named URL with a preview card): https://getbookiq.com/cu/credit-union-one-62562

Who the members are: state charter, organized 1938, low-income designated. 108,063 members of 8,106,560 potential (1.3% of the field); checking penetration 66% (share draft accounts per 100 members); loans per 100 members 50.

**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 | $1.82B |
| Members | 108,063 (-1.3% YoY) |
| Full-time staff | 296 |
| Net worth | $199.3M |
| Net worth ratio | 11.0% (p56 of band) |
| ROA (annualized) | 1.18% (p82 of band) |
| Total delinquency | 0.40% (p27 of band) |
| Net charge-offs (annualized) | 0.44% (p41 of band) |
| Loans / shares | 80% (p32 of band) |
| Cash / assets | 7.7% |
| Borrowings / assets | 0.13% |
| Net interest margin | 4.30% (p96 of band) |
| Operating expense / assets | 3.96% (p85 of band) |
| Vehicles % of loans | 21% (p36 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 49% |
| Third-party paper % of net worth | 136% (p50 of band) |
| Vehicle delinquency | 0.46% (p35 of band) |
| Vehicle NCO | 1.13% (p58 of band) |
| Repossessed % of vehicle book | 0.14% (p71 of band) |
| Real estate % of loans | 58% |
| Credit cards % of loans | 2% |
| Unsecured % of loans | 6% |
| Commercial % of net worth | 79% |
| Core shares % of member funds | 61% |
| Certificates % of member funds | 16% |
| Average share balance | $10,044 |
| Participations bought / yr | $0 |
| Participations sold / yr | $0 |
| Participations outstanding | $4.3M |
| Loans outstanding per 100 members | 50% |
| Loans granted per 100 members, annualized | 9% |
| Average loan balance | $23,593 |
| Loans granted, annualized | $467.2M |

## Participation posture (from the same filings)

Bought $0 and sold $0 in the latest annualized quarter; $4.3M outstanding purchased (2.2% of net worth), $368,745 sold and retained. Sold in 0 and bought in 0 of the last 8 quarters. Shares 2.4% year over year.

## Flags firing in the latest filing

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

## Warning timeline

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

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

- 2026-06-29 [20 Largest Credit Unions in America | Banking Advice | U.S. News - U.S. News & World Report](https://news.google.com/rss/articles/CBMigAFBVV95cUxPTGo3NzJqcExQdW1NT240R08xaGVXT1pFZHBGS29RSG9UaUJQaWkxV3RrbEZheE5jWjRlUmp0am5oQ3V6SFh6U2lIQ2NvaWtKTnhsNko2TU0zYXRhWUFEb0ZBUWFJUkxYWlQ4eVBTWHFmNjZkbW1QOXg1VnBDbExpWA?oc=5) · U.S. News & World Report
- 2026-05-05 [Team One Credit Union planning to merge - WNEM](https://news.google.com/rss/articles/CBMieEFVX3lxTFBnak5lMnFoNUstSWhuOWZwSXI1SkR3cUFnQVNMNWEtZlRzbjItNmwtY3RjN0VrQWdWbU5xZy1nOEVnWWY1c3Rxd3ZwTFhlbmstU3Q1emQ4cGM3NjZTV0xSY2hjY0hlV3VuRlBxZG1kVTY0NmxEakdSaw?oc=5) · WNEM
- 2026-05-06 [CASE, Team One credit unions merging in Michigan next year - abc12.com](https://news.google.com/rss/articles/CBMi2wFBVV95cUxNQkczYzhyenRrYkNSZFhLWjZUSWNTYzhnalNGaGw2Q3FiNldxV2ltSXNXQ3F3Qk9lSHgwVWxxS3NpRkJjYlJVYnowWi1ZOHZRcnFfb3QxelY1SWZhdG42OU5RZFZTamZFdFNDd05xNkdfM2FCRGpYYVpmMzN6Uy1LbXZ3ZS1TMUpDdTlqdFp4YTM0UXNOWUprQUtWazlZSDBrS2pILUdvUEZpWERPbUhkZDRpcDRId1VwTHQwdEs1bUZ6bmE4MmtTN3RhZlRJUjJ1b2d4b2hEN3cxU1U?oc=5) · abc12.com
- 2026-06-17 [Credit Union ONE - Forbes](https://news.google.com/rss/articles/CBMiX0FVX3lxTE4wZ3c2YXE4X3dwQTZQazFSdzlVM2FBMENUTXlJejY0VHh0dFR2RXZ1ZGNIc0U4VWZ0OVlaczZ4RkM2cl9qcnVLcjAzb3ZFbXJVYUpSdi01WW9rREJLWDA4?oc=5) · Forbes
- 2026-05-06 [Team One, CASE Credit Unions Plan Merger Under 'Bolder Together' Initiative - CUTimes](https://news.google.com/rss/articles/CBMirAFBVV95cUxQTnRqZ3JZVW1CdHJsVVJvY1VaWHFtWklHb1V4ZVd2QzNZeXlZNVprb19NZHc1X3VNZm1vVUlLczZ3Tnl0Rmh4WGlRanp4X2RNVGhzVUt6bjVGanlwdDNTeTV3QXk5RzRPaGdCOUJmTzRJWS14RXQxZVF1MnhBWUpjWmtPS2diV0pxZUpEWUg5d0xicV9NdktjM0hDX3Jzakk3c1pjNmRUZ0FGcWRI?oc=5) · CUTimes
- 2026-04-07 [One Year Later: Michigan State University Federal Credit Union Minimizes Fraud Exposure by Millions - Pindrop](https://news.google.com/rss/articles/CBMikgFBVV95cUxNRVVEU2VWZm1GeWJuN0VWM1BvWDhVbF85OXBpbkxGOWx2cHItSzdzd2Z4NW9yZnI0R0lxdTBWZk9ta2wta0NNYVYtbk9pREJZX2FsT1pLSDZ1UDV3OGZkVlp3bG5Kb212SEpCSzVGQzZBZnY3cnFwTS0yLXc5WkxzT1ZTUnFSNk9XNkJWR3FYVVFiQQ?oc=5) · Pindrop
- 2026-05-15 [Team One, Lansing-based CASE Credit Union plan merger - Huron Daily Tribune](https://news.google.com/rss/articles/CBMigwFBVV95cUxNSV9VaTNTMkkwWTA1VnQwZ1lYTHVOZ0xTNTNHOUJ4R3BvZ2g5b0pmWFF4WlZmZEF1RXJRQjA0UHQ5bllqRGE0b0xhTHBMSVRPX1NIMjhwNU5mV1RRV2xsV1RKVTlNbHJ0UzhocmNVSE5PM3JUQnVvUnJZY0FYRUt6UE4tZw?oc=5) · Huron Daily Tribune
- 2025-09-17 [Credit Union ONE acquires Icon Mortgage - HousingWire](https://news.google.com/rss/articles/CBMigwFBVV95cUxOeUFENDFOMElzQjh5UDRaZkZFc0VyZmExdXNqMXZkbWg2MVBrdjRQamZvcjdoT280emg2UHcxTG83RFBPSC10eWZzU1JIRkNfaHpnWUlmME96RFpPaW9IeEtiQVo4MU5qZy00UUtuU281ZVZNYzhEWE5Nalg0ZnppdFUyZw?oc=5) · HousingWire

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=62562 (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/34.json (key "62562", 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=62562
- 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