# MICHIGAN LEGACY
Wyandotte, MI · NCUA charter 62642 · asset band $200-500M · latest filing 2026-03 · live
Share link (named URL with a preview card): https://getbookiq.com/cu/michigan-legacy-62642

Who the members are: state charter, organized 1946, low-income designated. 18,249 members of 10,127,884 potential (0.2% of the field); checking penetration 47% (share draft accounts per 100 members); loans per 100 members 42.

**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 | $223.6M |
| Members | 18,249 (-10.1% YoY) |
| Full-time staff | 58 |
| Net worth | $28.0M |
| Net worth ratio | 12.5% (p67 of band) |
| ROA (annualized) | 0.66% (p48 of band) |
| Total delinquency | 0.62% (p52 of band) |
| Net charge-offs (annualized) | 0.83% (p84 of band) |
| Loans / shares | 70% (p43 of band) |
| Cash / assets | 24.8% |
| Borrowings / assets | 0.00% |
| Net interest margin | 3.56% (p51 of band) |
| Operating expense / assets | 4.32% (p77 of band) |
| Vehicles % of loans | 24% (p30 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 66% |
| Third-party paper % of net worth | 82% (p51 of band) |
| Vehicle delinquency | 1.57% (p89 of band) |
| Vehicle NCO | 3.14% (p96 of band) |
| Repossessed % of vehicle book | 0.00% (p25 of band) |
| Real estate % of loans | 61% |
| Credit cards % of loans | 4% |
| Unsecured % of loans | 7% |
| Commercial % of net worth | 26% |
| Core shares % of member funds | 69% |
| Certificates % of member funds | 12% |
| Average share balance | $6,961 |
| Participations bought / yr | $0 |
| Participations sold / yr | $0 |
| Participations outstanding | $6.9M |
| Loans outstanding per 100 members | 42% |
| Loans granted per 100 members, annualized | 3% |
| Average loan balance | $17,925 |
| Loans granted, annualized | $11.3M |

## Participation posture (from the same filings)

Bought $0 and sold $0 in the latest annualized quarter; $6.9M outstanding purchased (24.5% of net worth), $66,208 sold and retained. Sold in 0 and bought in 4 of the last 8 quarters. Shares 2.5% year over year.

## Flags firing in the latest filing

- **members leaving** (`shrink_members`)

## Warning timeline

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

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

- 2025-09-15 [Michigan Credit Union Offering a 4.99% 30-Year Fixed Mortgage Rate Special - The Truth About Mortgage](https://news.google.com/rss/articles/CBMisgFBVV95cUxOelp0THNhaFZTU2QtQ1ZaUlZWYWlJTGk3NFd6XzZ2QUthVVcxWDdzRDNkNjJOYUxWV3hSbS0xOEtnR2E2S2Y1cXV2MkkwbjBjTlBjTzRveVA5WV9ZM0ZXZ1h3NjFXNjJUSTdQd0hCZHZFUmhwWFNDN0ZkcEhWLWdid0ZkYW1yaWNxWDluS1pRdzF6SHlLano2cGxhMnMya0JVMnV4eGFNbnRkbG1obnBHMUln?oc=5) · The Truth About Mortgage
- 2022-04-27 [17 questions could help protect Michigan credit union members from fraud - Detroit Free Press](https://news.google.com/rss/articles/CBMi5gFBVV95cUxOWG1LZkFtYmZaenVNUVV4Q0tUQW5fWk5lN1R5a0tiQ1hrTzFtakRPQnBlS1k4d0pmUUVHRTNqaS1iZnJxZ0puX25LTWp0UHN6bG9pa2ZKQTRlRFl0Ry1USXY0clNrRXZMSGVRYkFLZWp0TU1JUTVYUWhTXy1MdjFHM3V3TVFrQmo3VmVpNVN4Z3RtR1lzSGlRbkZpZmU5M0p6dHg1OWxsb1FvT1pVLXBGU2RRX19LYzRTOHlYYnRvNkpwNDBuYU85UnJxNVM1Z0NlLWUxc2lWYmYzVDh0c0FnNEJpajdSQQ?oc=5) · Detroit Free Press
- 2025-09-11 [A Michigan credit union offers a 4.99% mortgage to turn heads but what will Fed do next? - Detroit Free Press](https://news.google.com/rss/articles/CBMi4gFBVV95cUxOdVNuY1RMQzJLdVpBT3pJdGRSZzFkQWxyTU9LdGNrUnVmcnQwZmNCLXpWbDlRMk1YSmstOGJIRHVubVBUUEh3dFJDZG1LcDZET194bmhVbHNSY2FfanBWV0gxRFhFY1lib2hZZE4xXzdNN3V3T2MzVnl6Vm9rajlFaEZSMjI2U3JWUi0tb09lcV9ndk9BWHZiTWRjc0pyWWJRdnNmWUlTMEhsZW1hNmxlM3MybzBvZ3RiWWlmdnY2bkxxWDVieGhUM2xmQVU0QjBmend2U0ZyN1VERlR1Y1pHbGln?oc=5) · Detroit Free Press
- 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
- 2026-06-30 [Sandra Suanne Ososkie Obituary (2026) - Wyandotte, MI - Czopek Funeral Directors - legacy.com](https://news.google.com/rss/articles/CBMigwFBVV95cUxOaG1HYTBlWnJscjJrUGctLXR4OG5SMWY1cGhydl9TZnVSa1I4bzJXYUlxU3lNeU8zVDlHNE9ZWmVPZUhERGQzNWFWeWd0WWZCa2F5NGl6WTR0ckdiOG91aTd0MDcwYmh4akllX1d1ekdZQlNGdzIyZmgzTy1FNTRvWk5YRQ?oc=5) · legacy.com
- 2020-12-11 [Wyandotte sustains ‘a sense of liveliness’ during a tough year - metromodemedia.com](https://news.google.com/rss/articles/CBMiWkFVX3lxTE5aZjlyb1d0M2VmUHpvS3lXdGV2UThZRVJUM0lnNDdlUngtbGxnOTMxbzZoQmFWdkJvVTVNT0ROV1RLS0xMTmhSS3Fkb0RFcEZ4WGI2RjlyUUxIZw?oc=5) · metromodemedia.com
- 2017-08-11 [Family Pleads For Tips In Oakland County Cold Case Double Killing - CBS News](https://news.google.com/rss/articles/CBMiaEFVX3lxTE9TT2djLThGOGlnSWVDUlA1OWthT1V2QnktcFUzdzhzczh1Z2lHWk1MbG4yZDJKbzNvdlRHRWR4WUtaMllQb1hmUFRUZ2VYOFhiVmN6czFtQXVMWjFTQ1NzbVRHY3UzUGVo?oc=5) · CBS News
- 2018-10-02 [Here are all of the banks that currently support Apple Pay - iMore](https://news.google.com/rss/articles/CBMid0FVX3lxTE9ZY3JkQUdrNTNjWmMzVFk2QXBlWExaRnI3bjVsQ28wVlFRWUc5TEVWMm5TWkZ6RmtKTTNZRUhKbExyS25yb2pnRTc5VklBeW13Mzk0aU9MWVNGbHpiMDJUM1pfOVFvdFhCdGpNLUJQVG9ybXYzNlc4?oc=5) · iMore

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=62642 (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/50.json (key "62642", 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=62642
- 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