# WEXFORD COMMUNITY
Cadillac, MI · NCUA charter 65639 · asset band $50-100M · latest filing 2026-03 · live
Share link (named URL with a preview card): https://getbookiq.com/cu/wexford-community-65639

Who the members are: state charter, organized 1953, low-income designated. 8,080 members of 73,235 potential (11.0% of the field); checking penetration 69% (share draft accounts per 100 members); loans per 100 members 147.

**Verdict on the desk:** this could be *participation buyer*. Composite score 3 of 18 (one point per flag across 17 flags, capital below 7% counted twice).

## What the filing shows

| Measure | Value |
|---|---|
| Total assets | $87.7M |
| Members | 8,080 (-2.3% YoY) |
| Full-time staff | 35 |
| Net worth | $7.7M |
| Net worth ratio | 8.8% (p9 of band) |
| ROA (annualized) | -0.61% (p5 of band) |
| Total delinquency | 0.39% (p36 of band) |
| Net charge-offs (annualized) | 0.46% (p68 of band) |
| Loans / shares | 51% (p33 of band) |
| Cash / assets | 11.0% |
| Borrowings / assets | 0.00% |
| Net interest margin | 3.53% (p44 of band) |
| Operating expense / assets | 5.28% (p90 of band) |
| Vehicles % of loans | 26% (p24 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 6% |
| Third-party paper % of net worth | 43% (p75 of band) |
| Vehicle delinquency | 0.56% (p49 of band) |
| Vehicle NCO | 0.85% (p78 of band) |
| Repossessed % of vehicle book | 0.00% (p38 of band) |
| Real estate % of loans | 27% |
| Credit cards % of loans | 7% |
| Unsecured % of loans | 18% |
| Commercial % of net worth | 117% |
| Core shares % of member funds | 82% |
| Certificates % of member funds | 11% |
| Average share balance | $4,631 |
| Participations bought / yr | $6.1M |
| Participations sold / yr | $0 |
| Participations outstanding | $20.6M |
| Loans outstanding per 100 members | 147% |
| Loans granted per 100 members, annualized | 7% |
| Average loan balance | $3,482 |
| Loans granted, annualized | $6.8M |

## Participation posture (from the same filings)

Bought $6.1M and sold $0 in the latest annualized quarter; $20.6M outstanding purchased (269.0% of net worth), $164,523 sold and retained. Sold in 0 and bought in 8 of the last 8 quarters. Shares 0.9% year over year.

## Flags firing in the latest filing

- **thin capital** (`cap_low`)
- **net worth falling** (`cap_falling`)
- **losing money** (`earn_negative`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 1 | thin capital |  |
| 2016-06 | 1 |  |  |
| 2016-09 | 1 |  |  |
| 2016-12 | 1 |  |  |
| 2017-03 | 1 |  |  |
| 2017-06 | 1 |  |  |
| 2017-09 | 2 | 3rd-party paper>100% NW |  |
| 2017-12 | 2 |  |  |
| 2018-03 | 3 | delinquency rising |  |
| 2018-06 | 4 | losing money, auto monoline | delinquency rising |
| 2018-09 | 3 | delinquency rising | losing money, auto monoline |
| 2018-12 | 2 |  | delinquency rising |
| 2019-03 | 4 | delinquency 2x band, delinquency rising |  |
| 2019-06 | 3 |  | 3rd-party paper>100% NW |
| 2019-09 | 2 | members leaving | delinquency 2x band, delinquency rising |
| 2019-12 | 2 |  |  |
| 2020-03 | 3 | losing money |  |
| 2020-06 | 6 | net worth falling, margin squeeze, charge-offs p90 |  |
| 2020-09 | 7 | capital below 7% | charge-offs p90 |
| 2020-12 | 3 |  | losing money, net worth falling, capital below 7% |
| 2021-03 | 5 | capital below 7% |  |
| 2021-06 | 1 |  | members leaving, margin squeeze, capital below 7% |
| 2021-09 | 2 | delinquency rising |  |
| 2021-12 | 1 |  | delinquency rising |
| 2022-03 | 2 | 3rd-party paper>100% NW |  |
| 2022-06 | 2 |  |  |
| 2022-09 | 1 |  | 3rd-party paper>100% NW |
| 2022-12 | 1 | members leaving | thin capital |
| 2023-03 | 3 | thin capital, delinquency rising, loan book shrinking | members leaving |
| 2023-06 | 0 |  | thin capital, delinquency rising, loan book shrinking |
| 2023-09 | 1 | delinquency rising |  |
| 2023-12 | 1 |  |  |
| 2024-03 | 0 |  | delinquency rising |
| 2024-06 | 2 | net worth falling, delinquency rising |  |
| 2024-09 | 1 |  | net worth falling |
| 2024-12 | 0 |  | delinquency rising |
| 2025-03 | 4 | net worth falling, losing money, expense trap, delinquency rising |  |
| 2025-06 | 4 | members leaving | net worth falling |
| 2025-09 | 3 |  | delinquency rising |
| 2025-12 | 2 |  | members leaving |
| 2026-03 | 3 | thin capital, net worth falling | expense trap |

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

- 2026-07-07 [WCCU offering $25K in flood relief grants to affected residents - Cadillac News](https://news.google.com/rss/articles/CBMi3wFBVV95cUxQMllhdll0eG84TWhDbjdXWms1M3VkRldZWDY0NGw4ZHFxcF9fVGZzMnpKS0NmbW02eFFLbDZQNGxUcDY1SERZdFYxejVtNnRYR2pEWGE1ZFJTVWZfNE4xSFk3QzB6Tl9aMjhDWE91ZllQOUJjc29iRTZsdEhCdGM3Q3drOXRjQWJJdjhxTWY4b1pPYWc5NDhkZzJ5bFdyT3Y1TXZzOVE3c2ZDLXBWdzFmQjFIMEpvcTl1X2RkZ3gwSjBjeFZLXzRIb09ja21PbFNVclNRUWgwckwxLVJXSEJz?oc=5) · Cadillac News
- 2026-04-28 [Cadillac community leaders discuss next phases of flood recovery efforts - Cadillac News](https://news.google.com/rss/articles/CBMi8gFBVV95cUxQTGFONjJSaDc2WDk0QlV3eDg1ODJERkFJcUZraW1NcnFjSUk4cGpTZ0RKd2NXN2J1dVQ0WXRZRlBaeFNRb1BtbjdBdkt1NDY0YzhteEhMaVhZc0dWbzctdzFZN0MzZWlfbmotR0dTSlEwaGVZSmtnUG9Da1pVdVRrNjJha2FiTTBTcnhNSjdHR0RNNnRiOTcxT2FRTnpQNzl3RUxwSWxhVVVsa29NQk4xQUQ3dzcxN2VTWEc0U1ppOVN1aHFkX3RseTNKOU5DTzlyRlNBU1lsa1BkMHZtWFQwY3dYNU9lS2NwU0lRbnYyalpyQQ?oc=5) · Cadillac News
- 2024-12-22 [Donald L. Farr Obituary (2024) - McBain, MI - Burkholder-Nielsen Funeral Home - legacy.com](https://news.google.com/rss/articles/CBMif0FVX3lxTFBTelRWcE9CYTl2b3BpVXR0MjdqMGtZTEc2ZzExZXp2YVd2X0trbXA2M2V5OUpXUkFkNVZKSHQ1WE5kMTEtZGpZdG5XNkJ6VjZBYXJ5WnVqcFVmRFpzbzRrbU5Ka1NsYVc3Z0JHYzZ0bTRWSkZSa0hDMnZoUks3ZW8?oc=5) · legacy.com
- 2026-06-25 [Wilma D. Bushor - Cadillac News](https://news.google.com/rss/articles/CBMipwFBVV95cUxNS2JQUldnRmRiUURRcEhzMXdteTVUdTY0R0NJMEc4SHpYZ01xRU0zcVJrNzFOMGZ6N3JPVnp1VmNzZ3VBakJqcmx2d0c0NTRnV0Vzekk5LUZQVVh2NVRHSjdpYTJPb0R3UEJ1N0RYVHNrUVdhQnNtaXZKcHFuRFp2cXNkUzMwTEV6amVXaW12dWtybEs3TnYyQVlSd3JEWm1wWnlueVNqMA?oc=5) · Cadillac News

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=65639 (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/39.json (key "65639", 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=65639
- 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