# WASHTENAW
YPSILANTI, MI · NCUA charter 6407 · asset band $50-100M · latest filing 2020-12 · stopped filing after 2020-12 (departed; for a credit union that is almost always a merger)
Share link (named URL with a preview card): https://getbookiq.com/cu/washtenaw-6407

Who the members are: federal charter, community charter, organized 1949, low-income designated. 6,108 members of 360,000 potential (1.7% of the field); checking penetration 46% (share draft accounts per 100 members); loans per 100 members 55.

**Verdict on the desk:** this could be *stressed*. Composite score 5 of 18 (one point per flag across 17 flags, capital below 7% counted twice).

## What the filing shows

| Measure | Value |
|---|---|
| Total assets | $51.5M |
| Members | 6,108 (-4.1% YoY) |
| Full-time staff | 15 |
| Net worth | $3.7M |
| Net worth ratio | 7.3% (p6 of band) |
| ROA (annualized) | 0.12% (p22 of band) |
| Total delinquency | 0.09% (p14 of band) |
| Net charge-offs (annualized) | 0.12% (p27 of band) |
| Loans / shares | 58% (p50 of band) |
| Cash / assets | 31.6% |
| Borrowings / assets | 0.00% |
| Net interest margin | 2.67% (p47 of band) |
| Operating expense / assets | 3.66% (p69 of band) |
| Vehicles % of loans | 24% (p20 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 59% |
| Third-party paper % of net worth | 104% (p82 of band) |
| Vehicle delinquency | 0.00% (p5 of band) |
| Vehicle NCO | 0.23% (p45 of band) |
| Repossessed % of vehicle book | 0.00% (p38 of band) |
| Real estate % of loans | 51% |
| Credit cards % of loans | 4% |
| Unsecured % of loans | 17% |
| Commercial % of net worth | 121% |
| Core shares % of member funds | 73% |
| Certificates % of member funds | 3% |
| Average share balance | $4,443 |
| Participations bought / yr | $2.0M |
| Participations sold / yr | $0 |
| Participations outstanding | – |
| Loans outstanding per 100 members | 55% |
| Loans granted per 100 members, annualized | 10% |
| Average loan balance | $8,214 |
| Loans granted, annualized | $6.5M |

## Flags firing in the latest filing

- **thin capital** (`cap_low`)
- **net worth falling** (`cap_falling`)
- **margin squeeze** (`earn_nim_squeeze`)
- **members leaving** (`shrink_members`)
- **3rd-party paper>100% NW** (`str_thirdparty`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 3 | thin capital, losing money, charge-offs p90 |  |
| 2016-06 | 2 |  | charge-offs p90 |
| 2016-09 | 4 | net worth falling, 3rd-party paper>100% NW |  |
| 2016-12 | 4 |  |  |
| 2017-03 | 4 |  |  |
| 2017-06 | 4 | delinquency 2x band | net worth falling |
| 2017-09 | 2 |  | losing money, delinquency 2x band |
| 2017-12 | 2 |  |  |
| 2018-03 | 2 |  |  |
| 2018-06 | 2 |  |  |
| 2018-09 | 2 |  |  |
| 2018-12 | 2 |  |  |
| 2019-03 | 2 |  |  |
| 2019-06 | 2 |  |  |
| 2019-09 | 2 |  |  |
| 2019-12 | 3 | delinquency rising |  |
| 2020-03 | 2 |  | delinquency rising |
| 2020-06 | 4 | net worth falling, members leaving |  |
| 2020-09 | 5 | margin squeeze |  |
| 2020-12 | 5 |  |  |

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

- 2026-08-11 [Washtenaw Community College opens fall registration for job training, enrichment courses - MLive.com](https://news.google.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?oc=5) · MLive.com
- 2025-04-01 [T&I Credit Union is merging into MSGCU - CUInsight](https://news.google.com/rss/articles/CBMihAFBVV95cUxPclVPNTk0bFk4MDRuR09oNG9ndy1WS2d3dnBwWHdKWHE2aGJMUWl2S2RyMm9NbG5pZnRBc3pzRC1QbWRYTEVFRC1yamZjVVI0OFlwaVMwQWVBT3FCc1dqWHc2R3QxYThmN1V1VlJNQVZiSkZUMFZTem9qQU5YTW4zOUJtaXo?oc=5) · CUInsight
- 2020-11-18 [Michigan credit unions rebrand after merger - American Banker](https://news.google.com/rss/articles/CBMilwFBVV95cUxNbHhLV2NremNIam9kX0tfaGFzOWRmWHFZUUJwWFVxTk5keDQwbUJTdEo3bzg1TmRTSWtTay1ENEVSOEhmTWFOYy1Ham0xNzVaV05GZGJzemhzUHQwcE4yYkpMWjdNVGtaX01nbVFvYUw1OVQtSTBSNDlxaTBSemE3YTRrS0g1MkgyOEQ0UkRJNUkxYnBrbG5B?oc=5) · American Banker
- 2020-11-16 [CP Financial Announces New Name: TRUE Community Credit Union - JTV Jackson](https://news.google.com/rss/articles/CBMigAFBVV95cUxNVzhnaHVjcXpIN21heDh5bklGMF9Ed2s0ZkliX1lXVUNWUUxGLXpFVjRLOUZSbmVxWFc3SWU3clZXbWVGcE5uSldBczl0WHIzRmcyNmRWbkVMX0lBR2tWSW1vem9uSXgxcGI1TEgyWUN3MzRjLW5NMjRDMHpjenFPbg?oc=5) · JTV Jackson
- 2026-03-17 [Annual Ann Arbor home show returns to Washtenaw County with 180+ exhibitors - MLive.com](https://news.google.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?oc=5) · MLive.com
- 2021-03-01 [Washtenaw United: Finding Life Balance Between Career And Family - WEMU](https://news.google.com/rss/articles/CBMiqAFBVV95cUxNMmNJQkYtZ0NPVGI0SWJ6eWxDQ05KOGRaR1NVTlBKNmtwSjNaUVNBSC1JLWlmOHQtX25yeC1oSF9xM1NGZlQtaWU5SXJ5Sm9aTEppTTZzYUM1dzlNUmNPNDNvVDJvN29DYWhhcmN3N3lMdl9Oak42WENRR0t2NURrWF9tNW42S1JPX3FWdC1oSGN5SE9oLTc1MHVjZEJWbm5Nb0JESUxhOVk?oc=5) · WEMU
- 2023-07-26 [TRUE Community Credit Union, Parkside Credit Union announce merge - WILX](https://news.google.com/rss/articles/CBMingFBVV95cUxPdDIzWGhKWGc3bDh0bUxsWlhOODFpSktWYXlTaEhLeUNiOGZmbmdpRDdpNFF0WEdna3k5R1ZfLXJySUNmdVVzLTUtVUJWMWpDRlo0Ym9ycDZFN0dOTTd2cHJtdDU1b0VZd3pHOWRnYlhfcVl3WHFXbzl3ZnRHN3JMTGZ4VjM2REp1b3dJbjJZUktYUUtMY0tJTnJDME5vZ9IBsgFBVV95cUxNbXNMajk1WmViTi1reEx1MkVsVGRpOFQyRWt1Y21zQkQ1bVFjVzdnR19lNU1jYmFWTW16VnYzTEZCdEVxVWxLRF9XUFY3d2tBSHNOZE8zMEFvQjY0OEluOWMyQ1BfRWpfcEQ3LUFTMlY2Vm8zTVlPbDJ3dG13QVFPTUZuOUlubmdhZHc2dTZoNmNWVGZKbFY0NGU0dmlQekk2UVY3cjdObk04cG9qODFhMU9R?oc=5) · WILX
- 2025-08-14 [WCC, UMCU offer financing for students seeking non-credit job training - concentratemedia.com](https://news.google.com/rss/articles/CBMiYkFVX3lxTFBTczRWS3lmbnQ5ZmxQaVBhNTVXa1pBY1dFVG13ekx2cXhJVTEyR1B0WUV1OGNzWlBWVVl2VFlhNXk4cW9udVhyMkhzb1E4X1o4TDFIRFhKNWl0SGlVOF8yS0F3?oc=5) · concentratemedia.com

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=6407 (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/7.json (key "6407", 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=6407
- 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