# THE LOCAL
Sterling Height, MI · NCUA charter 63342 · asset band $100-200M · latest filing 2026-03 · live
Share link (named URL with a preview card): https://getbookiq.com/cu/the-local-63342

Who the members are: state charter, organized 1949. 9,526 members of 3,954,126 potential (0.2% of the field); checking penetration 44% (share draft accounts per 100 members); loans per 100 members 35.

**Verdict on the desk:** this could be *quiet fade*. 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 | $109.2M |
| Members | 9,526 (-3.6% YoY) |
| Full-time staff | 21 |
| Net worth | $16.4M |
| Net worth ratio | 15.0% (p82 of band) |
| ROA (annualized) | 1.29% (p83 of band) |
| Total delinquency | 0.24% (p19 of band) |
| Net charge-offs (annualized) | 0.49% (p66 of band) |
| Loans / shares | 45% (p12 of band) |
| Cash / assets | 17.1% |
| Borrowings / assets | 0.00% |
| Net interest margin | 3.64% (p47 of band) |
| Operating expense / assets | 3.96% (p61 of band) |
| Vehicles % of loans | 55% (p78 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 15% |
| Third-party paper % of net worth | 62% (p59 of band) |
| Vehicle delinquency | 0.24% (p26 of band) |
| Vehicle NCO | 0.59% (p53 of band) |
| Repossessed % of vehicle book | 0.00% (p64 of band) |
| Real estate % of loans | 25% |
| Credit cards % of loans | 4% |
| Unsecured % of loans | 10% |
| Commercial % of net worth | 1% |
| Core shares % of member funds | 45% |
| Certificates % of member funds | 15% |
| Average share balance | $6,713 |
| Participations bought / yr | $0 |
| Participations sold / yr | $0 |
| Participations outstanding | – |
| Loans outstanding per 100 members | 35% |
| Loans granted per 100 members, annualized | 7% |
| Average loan balance | $12,693 |
| Loans granted, annualized | $14.9M |

## Flags firing in the latest filing

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

## Warning timeline

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

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

- 2026-09-01 [Limestone Financial Credit Union and LSSU host financial reality fair - sooleader.com](https://news.google.com/rss/articles/CBMitgFBVV95cUxOU3ROYlZnNnRUSUhmSlZCUHZCYmZMMURraWdZWG95a3BsY2lTbUo4b1pFVEw1ZnpDMVF6elhMQmtlRy1rUTlNNnVUcWpPd0liazNpcV9VNjRJQ0xMandTeTJDUmtCNmNrSnVrZklzRVFMU2hKUE1SeHlUNmoyaEdaRFdJN3hRODRCTGRuczhlbVBlMjdpZnhmZEtzaV95bUVHaXFxRWJSV0k5TFQ1RzI0dmx5dUJYdw?oc=5) · sooleader.com
- 2026-07-14 [8 Credit Unions Anyone Can Join | Banking Advice | U.S. News - U.S. News & World Report](https://news.google.com/rss/articles/CBMieEFVX3lxTE9QSi0tMEVzUDIwQjRjRXV3QnlzdzRwYUlwQVNPU1VFWHBMMTBXYVlqY296amFwRDB1d0x5R2JvdmJXZmpyNTE3X0JmRFdsT3hUNnl4alRKMFpXM2pSNG5TbEh6ZUtvQWNvdTRtT0pnYUhmelhVYXlTYw?oc=5) · U.S. News & World Report
- 2026-01-13 [Suburban Collection Showplace renamed Vibe Credit Union Showplace - C & G Newspapers](https://news.google.com/rss/articles/CBMiqgFBVV95cUxNRnQxc2FSekpRd2NLYm45X0R0Yk5hZUdSUkExVWlCYUxNb01iODlnSnkwbUcxajlOV1FSTS1ObEFJNVdvbHBncUxfalJLZ0NpYnJWNzRtMzlnUWZPVDdydF9nelNYa0Nyc0FVVTk0UjVBbmtRcmRJWGtHTTg1dFFkWFY0Ulg2RWRBQkNaSldQSDd5c0tsY0twOVAtdjMzOE9qSXNaVlBQR0o5Zw?oc=5) · C & G Newspapers
- 2019-07-10 [The Local Credit Union delivers a new standard in digital banking with Mahalo - CUInsight](https://news.google.com/rss/articles/CBMiugFBVV95cUxQQ05Sek11aFlBeHdid2dVUWdMOUY1eUhZSllWQ2hhMkR5dzF3a3dDUEd2MXJROFgwS0JJaFFIVmRGSElKNzI1bnhuQ2xRSFdmQ0VnRC12by1YLVczRmZsdW1heFVHaVI4RHdJOHZCanJDaU43VU5SMndOUS00ZXdncE1XUm4wMFNyZ0JFYl9xeTJtWkRIeDRIbTd0NnNzRVZCb044aFlnOHc1Wk1DczVCdjlFSEdNYUJENUE?oc=5) · CUInsight
- 2025-02-05 [Huizenga, Vargas Reintroduce Legislation to Modernize Credit Union Board Requirements - U.S. Representative Bill Huizenga (.gov)](https://news.google.com/rss/articles/CBMieEFVX3lxTE1oTGl1MVJ2UGRVUXk5bkxGWlNyTF9WRFVGejhOTEpEUnVIM0F0SHNJV1A2anMwZ2xfWFFPVC15eHdlQ0ZQTGg1UFQ5R19Wb0k2T3dWTC1feUNRTXV1eHB0dmlNUTM5d00yN1M5MEg3QXM1Wkt6SHMyMQ?oc=5) · U.S. Representative Bill Huizenga (.gov)
- 2025-11-26 [Where to Do a Currency Exchange Without Paying Huge Fees - NerdWallet](https://news.google.com/rss/articles/CBMilwFBVV95cUxNSlpZdGoxNWVFQTlINEVTVFdQT0ltWlNoQlViMkhKSUpOLWJ5cE0xUHJab1JFc0xMRVp1UG5oMmxWODJ2S2hicXhubHc5LVpiODJZS1h5bWVNN09GUnA1TkJRNURPODl5SmtsaF9YakJVLTAzREVJTVZvQ2VqZkFlWHdnbVNzczJBdDA4ZENiWldkajRoLXlB?oc=5) · NerdWallet
- 2026-07-13 [American 1 Credit Union appoints board leadership, awards education grants - MLive.com](https://news.google.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?oc=5) · MLive.com
- 2025-10-25 [Suzanne Mason Obituary - Byron Center, MI - Dignity Memorial](https://news.google.com/rss/articles/CBMiiAFBVV95cUxOSm5UMXRwSDVoM0ZTV2JKaHhZMXNyaW12SFZ4S0NldUxpZktXWldLMEVHMXp5Zzk4RHRnX2RKOTJEbzUwc2d1M3BZaXVJbUd4Q1ZTdG5ISHZWQ004SGlpSlNoX3dOYVRDVy1pa1hBRXVWakt1dWpLRVk4MGlWR0hrVDFUM08xRVRq?oc=5) · Dignity Memorial

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=63342 (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/46.json (key "63342", 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=63342
- 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