# GREAT LAKES
SYLVANIA, OH · NCUA charter 68243 · asset band <$50M · latest filing 2018-12 · stopped filing after 2018-12 (departed; for a credit union that is almost always a merger)
Share link (named URL with a preview card): https://getbookiq.com/cu/great-lakes-68243

Who the members are: state charter, organized 1940. 2,659 members of 18,000 potential (14.8% of the field); checking penetration 52% (share draft accounts per 100 members); loans per 100 members 36.

**Verdict on the desk:** this could be *stressed*. Composite score 13 of 18 (one point per flag across 17 flags, capital below 7% counted twice).

## What the filing shows

| Measure | Value |
|---|---|
| Total assets | $22.6M |
| Members | 2,659 (-10.0% YoY) |
| Full-time staff | 5 |
| Net worth | $1.8M |
| Net worth ratio | 7.9% (p7 of band) |
| ROA (annualized) | -1.73% (p3 of band) |
| Total delinquency | 2.78% (p83 of band) |
| Net charge-offs (annualized) | 1.69% (p91 of band) |
| Loans / shares | 60% (p49 of band) |
| Cash / assets | 8.8% |
| Borrowings / assets | 0.00% |
| Net interest margin | 3.75% (p67 of band) |
| Operating expense / assets | 5.94% (p91 of band) |
| Vehicles % of loans | 79% (p89 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 78% |
| Third-party paper % of net worth | 438% (p100 of band) |
| Vehicle delinquency | 2.67% (p84 of band) |
| Vehicle NCO | 2.31% (p95 of band) |
| Repossessed % of vehicle book | 0.45% (p96 of band) |
| Real estate % of loans | 20% |
| Credit cards % of loans | 0% |
| Unsecured % of loans | 1% |
| Commercial % of net worth | 0% |
| Core shares % of member funds | 87% |
| Certificates % of member funds | 2% |
| Average share balance | $4,488 |
| Participations bought / yr | $0 |
| Participations sold / yr | $0 |
| Participations outstanding | – |
| Loans outstanding per 100 members | 36% |
| Loans granted per 100 members, annualized | 5% |
| Average loan balance | $13,111 |
| Loans granted, annualized | $1.7M |

## Flags firing in the latest filing

- **thin capital** (`cap_low`)
- **net worth falling** (`cap_falling`)
- **losing money** (`earn_negative`)
- **expense trap** (`earn_opex`)
- **delinquency 2x band** (`aq_dq_high`)
- **delinquency rising** (`aq_dq_rising`)
- **charge-offs p90** (`aq_nco_high`)
- **repo signal** (`aq_repo`)
- **assets shrinking** (`shrink_assets`)
- **members leaving** (`shrink_members`)
- **loan book shrinking** (`shrink_loans`)
- **3rd-party paper>100% NW** (`str_thirdparty`)
- **auto monoline** (`str_vehicle`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 5 | losing money, expense trap, charge-offs p90, 3rd-party paper>100% NW, auto monoline |  |
| 2016-06 | 3 |  | losing money, charge-offs p90 |
| 2016-09 | 6 | thin capital, net worth falling, losing money |  |
| 2016-12 | 3 |  | thin capital, net worth falling, losing money |
| 2017-03 | 6 | thin capital, losing money, delinquency rising |  |
| 2017-06 | 8 | net worth falling, leaning on borrowings |  |
| 2017-09 | 8 |  |  |
| 2017-12 | 7 |  | delinquency rising |
| 2018-03 | 6 | assets shrinking | expense trap, leaning on borrowings |
| 2018-06 | 9 | delinquency 2x band, delinquency rising, members leaving, loan book shrinking | net worth falling |
| 2018-09 | 9 | expense trap, charge-offs p90 | delinquency 2x band, delinquency rising |
| 2018-12 | 13 | net worth falling, delinquency 2x band, delinquency rising, repo signal |  |

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

- 2026-09-09 [Great Lakes Credit Union: Helping communities this back-to-school season - WGN Radio 720](https://news.google.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?oc=5) · WGN Radio 720
- 2026-09-08 [BG residents earn Glass City Federal Credit Union scholarships - Sent-trib](https://news.google.com/rss/articles/CBMiogFBVV95cUxNLWlFNWlsXzZIcTFyUXFja1lnN1NLMVVYWTVXWFRrNG4wdGhoakw3NG5VNmk3QjNBRlhUN1ZNamtHQ21HN01ublloSE5XLXpFUXJYWUs3VEE1T0lPWmUtNlFtN1BxaUotVjNPbmIxQkxYV0o1LVhyNUdSUW9URWc4bXktVENsZ0lqTTloQkpzN3ZHU09Zb2dhOFMzRUgyMjZOVVE?oc=5) · Sent-trib
- 2026-08-23 [Bryson Williams of Hamilton West Side, Ohio, (Great Lakes Region) is safe at third base before the throw to Hudson Cowley of - tulsaworld.com](https://news.google.com/rss/articles/CBMiekFVX3lxTE91Qk1ZRE1OT29nbHUwX0FpTjFIOTZpMnNkSWU0Rk1jMjFEd2t0MXpMV1o3QlB0SmtWX09aTTZKUnZtRGtvM3BINm84T2JraFRDRU02cDJVSEZYeHFMd3Q4WWI4dkp6ejhuWDNTYURkTGVDbWxsbkVXQmtB?oc=5) · tulsaworld.com
- 2025-10-01 [Man’s ‘Around the Lake in 8 Days’ bike ride raises $25K for charity - Great Lakes Echo](https://news.google.com/rss/articles/CBMipAFBVV95cUxQZDVUY1NuZHRmM09BNXRZSm5TNURWUEw5NUFxcnBwWmRKYWJ0SWJLMEF0ZXQzWEplczRKTUZyUkR0cmpGSGlyUGg4SkU4WW1rUEsxQ1dERWstYnV3Q3FxMGNiUEt6MXpYbmhXTXRrQVVpUlJ0MFJmd3NrT2VVU1hNY3VHWTdqN0NtUzBtTkZiUWd0UFBuNm5sZWdrNGpLNzVwMkJtSw?oc=5) · Great Lakes Echo
- 2026-04-28 [Anne M. Ruddy Obituary (2026) - Warren, OH - Staton-Borowski Funeral Home - legacy.com](https://news.google.com/rss/articles/CBMifkFVX3lxTFAxTUZqNEtYX2JaNDhKTnF0b2lESC1fY1Jwc3pIc2ZZT1N2di11czNfMklNQjIzWjlLNFJCWjByNkJOOWVraU9fT1ByR0xxeHlQRXQ4RGQxT2NwZnYxWElvTm9yeEhIN3EyQ0tCVkV2VVpoUWlqcUZ3LXA0dlB6QQ?oc=5) · legacy.com
- 2025-11-11 [Armistice Day Storm of 1940 took the lives of 64 sailors, sank 3 ships - OceanaCountyPress.com](https://news.google.com/rss/articles/CBMisAFBVV95cUxPOWgtMUloTDRfMG5FWU9aem13MG55MlFTOWx4RjV4QUVuX1pjNnRIVzJjUk94ZUpnWVhERThVOXY3UTV2Ykl1UURJbFhKUmozdVNKZkUtSUN1RzJZRFh6M2xpZ21ZQ1BTbklIcXlqYzhaM1E5c25HYmRDYlA2dm9hLVpDZkMtRklhVFYzR2tiRUZZWE95Q3Vtd284Mmo3M1NWTUNWcjlxOWRIUWdkS1ZRRw?oc=5) · OceanaCountyPress.com
- 2026-07-07 [Ohio Robbery Investigation Ends With Police Shooting At Michigan Sheetz - WCRZ](https://news.google.com/rss/articles/CBMidEFVX3lxTFBJSjJhTEpaUXhhT2NLUVFXSlJQR252c0t1cjNib28zWFJSUTI0Vm0tendMVWhvZjh6d1RRYXBFZkxrUTNTaTJpanlFOGRaSXFXaVF4dVZWbDZkUEM1UDBFVjF6ZUc4LS1WVVFBblh0aEhjREx0?oc=5) · WCRZ
- 2024-08-18 [Faith leaders, credit union partner to open bank to help Chicago's Austin neighborhood build wealth - Chicago Sun-Times](https://news.google.com/rss/articles/CBMixwFBVV95cUxOSk93UW1oMlYzVXk0YzgwWnpGSGhvLUVmRER0YzlMMDhuLW9PX216UUd3MTAxYV9UcWJhYUFQWUZ5STFJUTRINnNNbHhxLWE4aEFuQVNMa2ZwcDU5UXVvRnZBZWt1dTZURWhobmxpU1pjUzhRdGFHV21IQTVTN1ZxUDZOUF9KeW53c2FpM3I4M0RKQUtFLVdFX1lfZ2NGNE9sc2V4cGxaZDFzTmd1TU5GU093eW1xbGM4dkZGUUJTN1pnWWFxeVAw?oc=5) · Chicago Sun-Times

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=68243 (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/19.json (key "68243", 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=68243
- 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