# TRUNORTH
Ishpeming, MI · NCUA charter 6332 · asset band $200-500M · latest filing 2026-03 · live
Share link (named URL with a preview card): https://getbookiq.com/cu/trunorth-6332

Who the members are: federal charter, community charter, organized 1949. 15,474 members of 122,458 potential (12.6% of the field); checking penetration 63% (share draft accounts per 100 members); loans per 100 members 44.

**Verdict on the desk:** this could be *ordinary*. Composite score 0 of 18 (one point per flag across 17 flags, capital below 7% counted twice).

## What the filing shows

| Measure | Value |
|---|---|
| Total assets | $203.4M |
| Members | 15,474 (-0.8% YoY) |
| Full-time staff | 39 |
| Net worth | $19.8M |
| Net worth ratio | 9.7% (p26 of band) |
| ROA (annualized) | 0.83% (p60 of band) |
| Total delinquency | 0.24% (p15 of band) |
| Net charge-offs (annualized) | 0.17% (p23 of band) |
| Loans / shares | 59% (p18 of band) |
| Cash / assets | 11.2% |
| Borrowings / assets | 0.00% |
| Net interest margin | 3.25% (p29 of band) |
| Operating expense / assets | 3.37% (p36 of band) |
| Vehicles % of loans | 26% (p37 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 34% |
| Third-party paper % of net worth | 51% (p41 of band) |
| Vehicle delinquency | 0.08% (p8 of band) |
| Vehicle NCO | 0.35% (p32 of band) |
| Repossessed % of vehicle book | 0.00% (p25 of band) |
| Real estate % of loans | 62% |
| Credit cards % of loans | 2% |
| Unsecured % of loans | 5% |
| Commercial % of net worth | 0% |
| Core shares % of member funds | 72% |
| Certificates % of member funds | 12% |
| Average share balance | $5,839 |
| Participations bought / yr | $0 |
| Participations sold / yr | $0 |
| Participations outstanding | – |
| Loans outstanding per 100 members | 44% |
| Loans granted per 100 members, annualized | 10% |
| Average loan balance | $15,808 |
| Loans granted, annualized | $46.4M |

## Flags firing in the latest filing

- none

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 1 | thin capital |  |
| 2016-06 | 1 |  |  |
| 2016-09 | 1 |  |  |
| 2016-12 | 0 |  | thin capital |
| 2017-03 | 1 | thin capital |  |
| 2017-06 | 1 | delinquency rising | thin capital |
| 2017-09 | 1 |  |  |
| 2017-12 | 0 |  | delinquency rising |
| 2018-03 | 1 | delinquency rising |  |
| 2018-06 | 0 |  | delinquency rising |
| 2018-09 | 0 |  |  |
| 2018-12 | 0 |  |  |
| 2019-03 | 0 |  |  |
| 2019-06 | 0 |  |  |
| 2019-09 | 0 |  |  |
| 2019-12 | 0 |  |  |
| 2020-03 | 0 |  |  |
| 2020-06 | 1 | net worth falling |  |
| 2020-09 | 2 | margin squeeze |  |
| 2020-12 | 2 |  |  |
| 2021-03 | 3 | thin capital |  |
| 2021-06 | 1 |  | net worth falling, margin squeeze |
| 2021-09 | 1 |  |  |
| 2021-12 | 2 | delinquency rising |  |
| 2022-03 | 2 |  |  |
| 2022-06 | 0 |  | thin capital, delinquency rising |
| 2022-09 | 1 | delinquency rising |  |
| 2022-12 | 0 |  | delinquency rising |
| 2023-03 | 0 |  |  |
| 2023-06 | 2 | thin capital, leaning on borrowings |  |
| 2023-09 | 3 | net worth falling |  |
| 2023-12 | 4 | delinquency rising |  |
| 2024-03 | 3 |  | delinquency rising |
| 2024-06 | 2 |  | net worth falling |
| 2024-09 | 2 |  |  |
| 2024-12 | 4 | assets shrinking, members leaving, loan book shrinking | thin capital |
| 2025-03 | 3 |  | leaning on borrowings |
| 2025-06 | 2 |  | loan book shrinking |
| 2025-09 | 3 | delinquency rising |  |
| 2025-12 | 1 |  | assets shrinking, members leaving |
| 2026-03 | 0 |  | delinquency rising |

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

- 2024-09-30 [TruNorth Credit Union celebrates grand opening of Marquette location - Upper Michigan's Source](https://news.google.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?oc=5) · Upper Michigan's Source
- 2024-04-09 [TruNorth offers Greenlight ‘kid card’ - Upper Michigan's Source](https://news.google.com/rss/articles/CBMijAFBVV95cUxNQk5ZSUZRSjFWM3RDQTUzd1cwVlBYWm9JU1FCajh2XzdtMG5acU94M01iZ0ZkdTUxU3NuclJYM2QzZ1psY0VNTjRKUHJYUWFRYm5zZFhlbGpuM0dJZ3E2Uk9xMlNvVDlNc0s2MWlxLVNGdGdLRTlsenREdGJQeWUtNFdrdVlTcnh1MHFvM9IBoAFBVV95cUxPZXR3X0FjaFRsaU1aTVQxWDJmdmthbmRKS2QtTEFiWjJQTmhQTHhTak9ueE9UbGI3LUhIZ3RUVnVSdngyX0MzOTZXMm5xLUQ5V2k2WFpja2pCUWVCSzVkWW5Md3RCMlZJcnotcE5aUUlJODZqeFlWampZa1hDVXRuT1FnMm5URDZkMG02VlJrUzFfOU02ejc0WlJXSTltb2dP?oc=5) · Upper Michigan's Source
- 2025-12-29 [UPDATE: Closures, Cancellations As Blizzard Hits Upper Peninsula - Radioresultsnetwork.com](https://news.google.com/rss/articles/CBMiZEFVX3lxTE5EVVg5dDZqRjdMNGYwandHZ0JzSUhKVHJBeERzbDlVbWpXd1prYThQUzRUMXVzaXBvWS12dHQ3bGJBRGhIZkVSNDlGMF9uR3FCcWd3cVNsTFoyUHgyZVJDRXhPLWE?oc=5) · Radioresultsnetwork.com
- 2022-01-05 [Manistique Emeralds compete, win in High School Bowl tournament - Pioneer Tribune](https://news.google.com/rss/articles/CBMipgFBVV95cUxPUDVLTnJqYUVKRW5XdVo0TGkxc0VHNzFnbUpONW9kQUM5OWlJMkxMLWk1eDFsVm1uWDEyV1JOV1Y0VVZ3V0E0X0RfNXZmSjFocUhtZm1GT3FFWmtTZG9GakZiaWVCS2J1NTktTG1mWG4tTDhnRlB3N0ZGT2k2em4wM3pJWjFnOVRTVUtFNVE4ZXpFT2hydzNvTHFaQXlRTjdhX0xPS1h3?oc=5) · Pioneer Tribune
- 2024-10-17 [Janet (Tilly) Helsten - - The Mining Journal](https://news.google.com/rss/articles/CBMieEFVX3lxTE5IVU1sUU9BdFpUUUt0dnMzQlFMYTFLUmI0Qk1kUzhldXhSMVAzaEJQelNacExueVBrVXFTbnMyM1ZjbE82YjZTRDJ5V3psc1RrcHNfOUVYQ1JxakZiNmU0Y0dydXJDZm0wTTZWN1d3eFFzb29PbTl3Zw?oc=5) · The Mining Journal
- 2021-02-24 [TruNorth FCU provides remote financial literacy learning resources to Marquette County schools - Upper Michigan's Source](https://news.google.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?oc=5) · Upper Michigan's Source
- 2017-04-12 [TruNorth general manager awarded MCUL Distinguished Service Award - Upper Michigan's Source](https://news.google.com/rss/articles/CBMiygFBVV95cUxQb1dZdEVMdGV5eEYyU0NmUE1aT0xjcEdhQmJtYTR5LWlOel9vV0JraGZVOGdtV2xuZXZqbDBBTzRmc0RfdWVNOVpJRWlTYVNGWFQ1WTNrUEQwQTJhSndlLTJReS0wX1B2T3ptd2hNTmNtLWdLcUFyNXpVX0cxcHR2VXdCUWM2MFJKQl9WSWZFU21LcEZiWmxtQ1JXQlJXb1VlcUNnRzdFZ1M5REhpbF8wYWdrLTZWaGdPcElMREFoazlidmlnbjBGTHV3?oc=5) · Upper Michigan's Source
- 2024-10-17 [Janet M. (Tilly) Helsten – Ishpeming, MI – February 8, 1993 ~ October 5, 2024 - Upper Michigan's Source](https://news.google.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?oc=5) · Upper Michigan's Source

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=6332 (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/60.json (key "6332", 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=6332
- 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