# MOTOR CITY CO-OP
CLINTON TOWNSHI, MI · NCUA charter 63289 · asset band $100-200M · latest filing 2020-03 · stopped filing after 2020-03 (departed; for a credit union that is almost always a merger)
Share link (named URL with a preview card): https://getbookiq.com/cu/motor-city-co-op-63289

Who the members are: state charter, organized 1948. 17,614 members of 50,000 potential (35.2% of the field); checking penetration 50% (share draft accounts per 100 members); loans per 100 members 50.

**Verdict on the desk:** this could be *too clean*. Composite score 6 of 18 (one point per flag across 17 flags, capital below 7% counted twice).

## What the filing shows

| Measure | Value |
|---|---|
| Total assets | $149.6M |
| Members | 17,614 (-1.3% YoY) |
| Full-time staff | 52 |
| Net worth | $18.1M |
| Net worth ratio | 12.1% (p67 of band) |
| ROA (annualized) | -3.42% (p1 of band) |
| Total delinquency | 0.22% (p17 of band) |
| Net charge-offs (annualized) | 1.71% (p97 of band) |
| Loans / shares | 66% (p33 of band) |
| Cash / assets | 20.8% |
| Borrowings / assets | 0.00% |
| Net interest margin | 3.18% (p51 of band) |
| Operating expense / assets | 7.77% (p100 of band) |
| Vehicles % of loans | 34% (p38 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 205% |
| Third-party paper % of net worth | 330% (p95 of band) |
| Vehicle delinquency | 0.18% (p21 of band) |
| Vehicle NCO | 2.13% (p96 of band) |
| Repossessed % of vehicle book | 0.00% (p30 of band) |
| Real estate % of loans | 31% |
| Credit cards % of loans | 6% |
| Unsecured % of loans | 10% |
| Commercial % of net worth | 42% |
| Core shares % of member funds | 49% |
| Certificates % of member funds | 10% |
| Average share balance | $4,269 |
| Participations bought / yr | $4.3M |
| Participations sold / yr | $0 |
| Participations outstanding | – |
| Loans outstanding per 100 members | 50% |
| Loans granted per 100 members, annualized | 10% |
| Average loan balance | $9,638 |
| Loans granted, annualized | $15.3M |

## Flags firing in the latest filing

- **net worth falling** (`cap_falling`)
- **losing money** (`earn_negative`)
- **expense trap** (`earn_opex`)
- **charge-offs p90** (`aq_nco_high`)
- **loan book shrinking** (`shrink_loans`)
- **3rd-party paper>100% NW** (`str_thirdparty`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 2 | losing money, 3rd-party paper>100% NW |  |
| 2016-06 | 1 |  | losing money |
| 2016-09 | 1 |  |  |
| 2016-12 | 2 | leaning on borrowings |  |
| 2017-03 | 2 | delinquency rising | leaning on borrowings |
| 2017-06 | 2 |  |  |
| 2017-09 | 2 |  |  |
| 2017-12 | 3 | assets shrinking |  |
| 2018-03 | 1 |  | delinquency rising, assets shrinking |
| 2018-06 | 1 |  |  |
| 2018-09 | 1 |  |  |
| 2018-12 | 1 |  |  |
| 2019-03 | 3 | net worth falling, losing money |  |
| 2019-06 | 2 | charge-offs p90 | net worth falling, losing money |
| 2019-09 | 1 |  | charge-offs p90 |
| 2019-12 | 2 | loan book shrinking |  |
| 2020-03 | 6 | net worth falling, losing money, expense trap, charge-offs p90 |  |

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

- 2020-01-06 [Christian Financial Credit Union to absorb Motor City Co-op - Crain's Detroit](https://news.google.com/rss/articles/CBMirAFBVV95cUxQVHNsYV80Mmg2ZHRSOHRuaHhUMmdWVW1CQVNyaHFlanVGSlNzcTNXemoyRzJNWVIwLVNTaElLWTdqX1hXOExtenRYWms1VW5zQVJkZ2R4SGpPUC1UR2FHQVVqLUNHeFVFZHhqN0JBVFk4dFRrOUxuLVBSQUc0eWdpcnQ3T3dPcTNGNFFBeUVhVE9tT2FIZjh4RHdlcnpNWFhaRlBwdkJUQ3R2SzNL?oc=5) · Crain's Detroit
- 2023-07-25 [Sacred Heart Church to be sold to storage developer who plans to preserve building - Macomb Daily](https://news.google.com/rss/articles/CBMivwFBVV95cUxQMTJrOFVyZTZ0ckFTbVE4R0Fnd3ctTzJsYXlsMGpLcW9qWkpNWV9MeW5jdnFCaFZ2MGNWZHk4aWxxaGtTdjEwVlhYR0FzY2M5SHhrT1dPaGVVRlFnVzg4cklWWFE2dXl0SXMxYVpzekhnb1laNEs1Y0MwLXRibFA4TXRGcy12T0R2djdrNzZlVlVSTU4yY0NKaG5GcmMxZVRGcklqZ0xxSVBhVzkxdXJBejB3MFI5eDVxeFB3ZVRYaw?oc=5) · Macomb Daily
- 2012-11-04 [Partridge Creek to Kick Start Holidays with Two-Day Tree Lighting Celebration - Patch](https://news.google.com/rss/articles/CBMingFBVV95cUxPMnl2LWUza2RsQ051R2J6VHhGNXVtY3NReWZHemRzR2cxU1B5bkxOWmJ6M0FPalNGVXdZVUZLeXl2d1F3VV90RnVYR2taQWpSUE9WbTYxai1RMnpRYlJ3eXB3RWRodXBtaE5lN2JqQWkxQjl4N3FXNDRuRU5iVzBxTHpiYVduS0dvWU0tTERuTFRZV1RjQUhLMzdYMGNtZw?oc=5) · Patch
- 2016-06-15 [Roseville’s RoseFest is ready to bloom this weekend - Macomb Daily](https://news.google.com/rss/articles/CBMilAFBVV95cUxOWFBsY3FhYjBfVXFvcUFwWDU4NzM2czNrRExmaEpnSFNyUnBUUU5zZEdQc2NlMXp2LUVZNS10UVN6amtyRTlZN0RISlVtYTlpMFQ0YnFxUGQ3N3FjWDF1eUZLT3JnemttSUxrV0o5aGpKa2VmdUZoc2k2dTdsdWNHd2pvNW1EMVk2UFgxMVkxbVdMTlB4?oc=5) · Macomb Daily

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=63289 (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 "63289", 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=63289
- 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