# MEMBERS ADVANTAGE
MICHIGAN CITY, IN · NCUA charter 68242 · asset band $100-200M · latest filing 2026-03 · live
Share link (named URL with a preview card): https://getbookiq.com/cu/members-advantage-68242

Who the members are: state charter, organized 1962. 7,776 members of 15,000 potential (51.8% of the field); checking penetration 72% (share draft accounts per 100 members); loans per 100 members 32.

**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 | $134.7M |
| Members | 7,776 (-2.8% YoY) |
| Full-time staff | 17 |
| Net worth | $12.4M |
| Net worth ratio | 9.2% (p16 of band) |
| ROA (annualized) | 0.39% (p30 of band) |
| Total delinquency | 1.46% (p86 of band) |
| Net charge-offs (annualized) | 0.15% (p27 of band) |
| Loans / shares | 42% (p9 of band) |
| Cash / assets | 10.6% |
| Borrowings / assets | 0.00% |
| Net interest margin | 2.82% (p9 of band) |
| Operating expense / assets | 3.28% (p36 of band) |
| Vehicles % of loans | 28% (p33 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 45% |
| Third-party paper % of net worth | 219% (p87 of band) |
| Vehicle delinquency | 0.82% (p63 of band) |
| Vehicle NCO | 0.49% (p48 of band) |
| Repossessed % of vehicle book | 0.00% (p32 of band) |
| Real estate % of loans | 42% |
| Credit cards % of loans | 0% |
| Unsecured % of loans | 1% |
| Commercial % of net worth | 90% |
| Core shares % of member funds | 60% |
| Certificates % of member funds | 19% |
| Average share balance | $7,552 |
| Participations bought / yr | $1.8M |
| Participations sold / yr | $0 |
| Participations outstanding | $16.7M |
| Loans outstanding per 100 members | 32% |
| Loans granted per 100 members, annualized | 3% |
| Average loan balance | $20,368 |
| Loans granted, annualized | $6.6M |

## Participation posture (from the same filings)

Bought $1.8M and sold $0 in the latest annualized quarter; $16.7M outstanding purchased (135.3% of net worth), $0 sold and retained. Sold in 0 and bought in 8 of the last 8 quarters. Shares 4.3% year over year.

## Flags firing in the latest filing

- **delinquency 2x band** (`aq_dq_high`)
- **delinquency rising** (`aq_dq_rising`)
- **3rd-party paper>100% NW** (`str_thirdparty`)

## Warning timeline

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

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

- 2026-03-31 [Members Advantage Credit Union Renews Partnership with Mahalo Banking - Business Wire](https://news.google.com/rss/articles/CBMixAFBVV95cUxNR3hJVzE3OUIxbjRaRE5HTWEzNk1TelRDRnduS2VQZG5jYU5remlKTHRGSEpjSDA3UjU1UFlZZDNOdWhqdk5wbG9EdWZSOF8wZ25WTTNndDVHQ2tpNEw5OVVDUjR4am1LREhhVkNVV0JXdW55UURoS2hjMDNqZW1BRGhoaFp1Mmc0Z2JDMlNvMzA0YnVXNUx0RUZ6T3lubThJTmpZZEl6WXN0blNRLXFtbW1OYlFSNHdIell5RTlHSFF1R3lT?oc=5) · Business Wire
- 2025-11-06 [Crime Stoppers: Plover police seek woman accused of $7,800 bank fraud - WSAW](https://news.google.com/rss/articles/CBMinAFBVV95cUxQanpXYUlWSXZ5OVYxR1BBR0lTd1doMGdSTnJTWkRkcFc1VklCQmgtMG13cUJLNjFrdG9SNXdRd3hhSG5QUVYzMHEwR2hkXzVvamxKaG42Qm1DcWRyMEppdFJRV0xkY0kzMzBNNjdCTk1wbVZOUEJsdlZhSkgwMER5S1YzNmhDRnpIcFh4R2RfTjJXLWVOX1RVYXd6MGrSAbABQVVfeXFMT2NzWWgyVzJGZDNHUGczLWZaY3hkTk11aHgySDN0QUtXTWd6QW84Mk9nZDM3MWlvaHNlVVJIUVNQT0EwcjJEVV9PZG5Salc2UnBTLXBrR1VNZnhhS2F3cHZlb3A3NV9VYlZnNm90YmluaGx4dlZYWEFKQTlJcHFuMnVqQktPSktWSmM1cjZCdlEyeFZ5MFQ4UUhOa3FadGVfWDlvbk9YV0Q4TEZDdlVyc08?oc=5) · WSAW
- 2024-06-04 [Members Advantage Credit Union to host Shred Day - nwindianabusiness.com](https://news.google.com/rss/articles/CBMipwFBVV95cUxNQ2tVTnBlVzNZcjVpZDJiUGtJY3hJb2NKVElUYm50VzJIZmYxelRKZENQLTNnQXI2NndGekFNTXB6LW95LUt2d2lCVV9qeTJaY21oeDI5Ti1IZG5fdVpSWWlVNGtmRDNLWFlYRGhsTzVwbk1zVUVQcVdEbVpwcmwzMFdmUFYxVTJsT01BSnBsNGxHVTRuZVJkUlpWWmJJNDlkVTlYNnl3bw?oc=5) · nwindianabusiness.com
- 2025-08-25 [Why Credit Unions Like MACU are Truly About People Helping People - GreatNews.Life](https://news.google.com/rss/articles/CBMingFBVV95cUxNWVVtWkQ5MzJPdllBZEUyd2haeEREbHJYWHpBbHN4Z3NyM3J2NG85eFJfXzZtMkt2a1h0TWE0N3NYRXMzQWpQeHctRFdqcTRIS1E3VmJZYUdqVWRLRGd5VkU4RXVFd1hsNmlWTkpEclZzbmdSbHVRTDg0ZVVGUFZRSDRiYlc5dktDVVVDbW1pSU5JWVBHU3hPMmRZODNDQQ?oc=5) · GreatNews.Life
- 2023-04-19 [Indiana woman says she was scammed out of $200 - CBS News](https://news.google.com/rss/articles/CBMia0FVX3lxTE9BcldrdkhWdldFejJ1cDR0NThCWjRwMXdrZ2JudFpsR05qMmIxNTByVFZFcnJmMV9vdnkwdm5UQlh2cnctUjdUWkZWWTFPd0poQm5Jc1dOM2ZmTnU2S0NnOEZaYUVDdjVBNU5B0gFwQVVfeXFMT3B1R0NHNGNJalFWZThjOE9mRDNtRDJVZWFZYUFjY1RPY1UwTmVjaTZSMld2TVJBLWd5b1NQdWZGSEZOU1ZMTkkwRmFwV1lwbWxRYVN5TmhINUtoNkxuSjc0Vl9tRXdEYWNmRWFMZC1WbA?oc=5) · CBS News
- 2025-08-24 [Portage MACU Buzzed About Summer - GreatNews.Life](https://news.google.com/rss/articles/CBMickFVX3lxTFBJUl9wVnhuanZXMVQwZXhNcGdyNjd0Z1ZRQkE3cXNkU2lVR1lSRmNadC1WWUxRSEpOQ2w0aDRoWUU3R25qYzFpNjcwMVRGeDV0TzlMMmR2dDJ6b1VuVGJyYzkzd2g1c2JuM1AxQkdGX2VlUQ?oc=5) · GreatNews.Life
- 2025-08-18 [MACU to host shred day - nwindianabusiness.com](https://news.google.com/rss/articles/CBMiiwFBVV95cUxOMlJLVjJkeVNXdkp0SVl2NEY0bG9tVkJCT0hkc0l5UXJJRjlJNXpCMWdvYmVkY3FBYUd3RVd1WElyU1FoVzhWLU1LZGlzeTc0TkFaTlBHQlUzQi1kaFpsTWZ2TEFWQUpsWTNEeVRvOVZocXVrNC1FV0JJRHpUVkhYblF2VHJJeElzVnlN?oc=5) · nwindianabusiness.com
- 2025-07-28 [Buzz Points Rewards MACU Debit Card Holders for Shopping Local - GreatNews.Life](https://news.google.com/rss/articles/CBMimgFBVV95cUxQZDdpaThiYUU5dmhrTXFfa09KdnJLMlU0TnVMZTFrdjBNT3Y4d1JhV3VvTTlNMThQamI5bUhBbXVjZ1c2Z3FvS1paTV9NV1FVaUJtYXpDckdtSEhhZjNPbTJUbzQ2ei1WdVVuNkxOb1FWVWZRc01sd3E3VjZjb2hoU2lKczlQUk9EUmlBU1Foc2hKOXloS09JUHNR?oc=5) · GreatNews.Life

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=68242 (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/18.json (key "68242", 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=68242
- 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.

---
Rendered 2026-09-10 from the desks' own data files. Full guide: https://getbookiq.com/guide