# WANIGAS
SAGINAW, MI · NCUA charter 68578 · asset band $200-500M · latest filing 2022-06 · stopped filing after 2022-06 (departed; for a credit union that is almost always a merger)
Share link (named URL with a preview card): https://getbookiq.com/cu/wanigas-68578

Who the members are: state charter, organized 1952. 23,712 members of 9,584,261 potential (0.3% of the field); checking penetration 63% (share draft accounts per 100 members); loans per 100 members 101.

**Verdict on the desk:** this could be *ordinary*. Composite score 2 of 18 (one point per flag across 17 flags, capital below 7% counted twice).

## What the filing shows

| Measure | Value |
|---|---|
| Total assets | $415.3M |
| Members | 23,712 (-4.2% YoY) |
| Full-time staff | 70 |
| Net worth | $58.6M |
| Net worth ratio | 14.1% (p93 of band) |
| ROA (annualized) | 0.85% (p71 of band) |
| Total delinquency | 0.45% (p66 of band) |
| Net charge-offs (annualized) | 0.18% (p65 of band) |
| Loans / shares | 67% (p51 of band) |
| Cash / assets | 3.0% |
| Borrowings / assets | 0.00% |
| Net interest margin | 2.85% (p71 of band) |
| Operating expense / assets | 3.24% (p54 of band) |
| Vehicles % of loans | 26% (p29 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 47% |
| Third-party paper % of net worth | 50% (p45 of band) |
| Vehicle delinquency | 0.38% (p57 of band) |
| Vehicle NCO | 0.23% (p58 of band) |
| Repossessed % of vehicle book | 0.00% (p28 of band) |
| Real estate % of loans | 60% |
| Credit cards % of loans | 4% |
| Unsecured % of loans | 9% |
| Commercial % of net worth | 0% |
| Core shares % of member funds | 77% |
| Certificates % of member funds | 13% |
| Average share balance | $7,222 |
| Participations bought / yr | $0 |
| Participations sold / yr | $0 |
| Participations outstanding | – |
| Loans outstanding per 100 members | 101% |
| Loans granted per 100 members, annualized | 26% |
| Average loan balance | $10,093 |
| Loans granted, annualized | $76.3M |

## Flags firing in the latest filing

- **delinquency rising** (`aq_dq_rising`)
- **members leaving** (`shrink_members`)

## 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 | 1 | delinquency rising |  |
| 2017-09 | 0 |  | delinquency rising |
| 2017-12 | 0 |  |  |
| 2018-03 | 0 |  |  |
| 2018-06 | 0 |  |  |
| 2018-09 | 0 |  |  |
| 2018-12 | 0 |  |  |
| 2019-03 | 0 |  |  |
| 2019-06 | 0 |  |  |
| 2019-09 | 1 | delinquency rising |  |
| 2019-12 | 0 |  | delinquency rising |
| 2020-03 | 1 | net worth falling |  |
| 2020-06 | 1 |  |  |
| 2020-09 | 0 |  | net worth falling |
| 2020-12 | 0 |  |  |
| 2021-03 | 2 | net worth falling, margin squeeze |  |
| 2021-06 | 0 |  | net worth falling, margin squeeze |
| 2021-09 | 1 | members leaving |  |
| 2021-12 | 1 |  |  |
| 2022-03 | 1 |  |  |
| 2022-06 | 2 | delinquency rising |  |

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

- 2022-06-29 [Wanigas Credit Union to merge with Financial Plus Credit Union - WNEM](https://news.google.com/rss/articles/CBMilwFBVV95cUxQbUw1akNIdkRLbnBKLWY4aUllRHE4aVctclFVQ29QRFBCdnVGb0l4dVBvWFJLTEZRS3RibU5ZdmdpLTR1NFV1VTZqR3RabUNGdnU1QUdMTDMtdzlGODZYZHBzUmFscTJIQWxub0VuczBPMWtCeW5xSUhzMEt0b2tLU0h2RTlZZWpKLTFpNXhzMkIyUXplelJz0gGrAUFVX3lxTE0wcW1Wb3RwWmtpelBxNElLNC1FVjI5ZGZWZDNCS0wxTGpsYzc5dXp5VVctektSbkZkczZrMGFuRXJYQ3BZSDRoVVRtLU1LdG1NclVLRDNWeVgzZS01ZDhqT2dTdVYtUXNCSXl4cUQwZkRsOTVLMkY5YXlEYnVLSWNyTThlZHl5MkZoY1NYRW1lOVZvWU9qcHV4MDRkLU9IWHBIX1pOandmdlEtaw?oc=5) · WNEM
- 2021-07-14 [Financial Plus Credit Union and Wanigas Credit Union exploring potential merger - MLive.com](https://news.google.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?oc=5) · MLive.com
- 2021-07-15 [Two Michigan credit unions to merge - American Banker](https://news.google.com/rss/articles/CBMijAFBVV95cUxNR19vaktRTlhRUEI3d3NJYlNKUmxYNjRJMkJ6TzNTUXpkVDRoMHNJNlpoOVBpNDFPcTR2YURKSnZUS0llVm9nZEhmRUkwSGtIUXlCWHNpOHJlV09ZRTNQTU1NTUFBV1BEdVpSTFhib1hVeEpqRjhaZ1M4engtN3A3LWZHN2tZVnRQaFNPMA?oc=5) · American Banker
- 2014-11-26 [William Clarence Martin Jr. Obituary November 26, 2014 - Paradise Funeral Chapel](https://news.google.com/rss/articles/CBMigAFBVV95cUxQZGpPalRGeERLb0MtWTRWYkktN3dpeVpVSi05Vk1Sc0xLUUJxNDJ5TkljZFNNQVNIUnhiNTZfOTRteGxQejBqVjRoZ2xDa3VUamtfQjVjdEdWR0VkSXdvOVdfZWg0elFCU2FXb2lWcFdUM0thOVl3clZRSkVkZWFaSQ?oc=5) · Paradise Funeral Chapel
- 2026-04-10 [Robert Karl Ahrens Obituary (2026) - Saginaw, MI - Snow Funeral Home - Saginaw - legacy.com](https://news.google.com/rss/articles/CBMiggFBVV95cUxNdUZvQkVNWlRWbHltZXR6b2wxeENRVmNjbmlod3V6TmJrVTNlYlg5MDk5ZUNpaTlFd1lZd2FpUUZPV0NpV2R2T0VhSjkxWnZ5UHNQZXFuVHBIWGRYOGNqcXp4emRkRGlLdzB5azI0Y0tBakZ0dWphcUdpSFlieEFOZ0hn?oc=5) · legacy.com
- 2025-03-26 [Billy J. "B.J." Osborne Sr. Obituary (2025) - Saginaw, MI - Deisler Funeral Home - legacy.com](https://news.google.com/rss/articles/CBMiggFBVV95cUxQZVU3OE85NE1pZ21jOEZQUlJJbVhCOVlaNG9wTjRVRW1ySWNmZzF2bGVrOFo5XzFkc2Z4VzdYMTBUUC1WZ3o5SHQzbHFtNDB4dEtoNkNoV1ZHdDRuZEFVWXlFd0VNYW5NNTV3WTJtR2J0Q0FqNFlxTVdSQndETmhPRHpR?oc=5) · legacy.com
- 2022-03-13 [Raymond Rabideau Obituary (2004) - Bay City, MI - Bay City Times - MLive.com](https://news.google.com/rss/articles/CBMikgFBVV95cUxOdlhOeVYxYTVhMDZJS1FfTjVIZmN1VjczalF3Q0R2SzBVZE10dTltQjZxR0Y2dlA2ZzFkX2RaMG42ZGs4MVRGX05IQkpieDY4cWFkOTRhRk5TSkZtTHFfWVBfQUZCMFB5MU5SdVdRNTc2anNMb3YzclJUdVhobnNMcEFlSHRwRW5vaHYwQlZUYUc5QQ?oc=5) · MLive.com
- 2021-07-15 [Gaines Community Rodeo plans to draw thousands with bull riding, steer wrestling - MLive.com](https://news.google.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?oc=5) · MLive.com

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=68578 (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/34.json (key "68578", 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=68578
- 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