# FINANCIAL PLUS
Flint, MI · NCUA charter 68646 · asset band $1-10B · latest filing 2026-03 · live
Share link (named URL with a preview card): https://getbookiq.com/cu/financial-plus-68646

Who the members are: state charter, organized 1952, low-income designated. 80,867 members of 10,155,806 potential (0.8% of the field); checking penetration 75% (share draft accounts per 100 members); loans per 100 members 77.

**Verdict on the desk:** this could be *indirect 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 | $1.64B |
| Members | 80,867 (-0.5% YoY) |
| Full-time staff | 285 |
| Net worth | $191.7M |
| Net worth ratio | 11.7% (p67 of band) |
| ROA (annualized) | 0.91% (p66 of band) |
| Total delinquency | 0.59% (p46 of band) |
| Net charge-offs (annualized) | 0.75% (p72 of band) |
| Loans / shares | 87% (p54 of band) |
| Cash / assets | 9.8% |
| Borrowings / assets | 6.08% |
| Net interest margin | 4.02% (p90 of band) |
| Operating expense / assets | 3.62% (p72 of band) |
| Vehicles % of loans | 24% (p43 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 53% |
| Third-party paper % of net worth | 173% (p61 of band) |
| Vehicle delinquency | 0.72% (p61 of band) |
| Vehicle NCO | 1.24% (p63 of band) |
| Repossessed % of vehicle book | 0.34% (p92 of band) |
| Real estate % of loans | 23% |
| Credit cards % of loans | 3% |
| Unsecured % of loans | 7% |
| Commercial % of net worth | 156% |
| Core shares % of member funds | 40% |
| Certificates % of member funds | 29% |
| Average share balance | $7,237 |
| Participations bought / yr | $31.5M |
| Participations sold / yr | $0 |
| Participations outstanding | $89.7M |
| Loans outstanding per 100 members | 77% |
| Loans granted per 100 members, annualized | 32% |
| Average loan balance | $18,779 |
| Loans granted, annualized | $398.2M |

## Participation posture (from the same filings)

Bought $31.5M and sold $0 in the latest annualized quarter; $89.7M outstanding purchased (46.8% of net worth), $0 sold and retained. Sold in 0 and bought in 8 of the last 8 quarters. Shares 10.8% year over year.

## Flags firing in the latest filing

- **net worth falling** (`cap_falling`)
- **leaning on borrowings** (`str_borrowings`)
- **3rd-party paper>100% NW** (`str_thirdparty`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 1 | 3rd-party paper>100% NW |  |
| 2016-06 | 1 |  |  |
| 2016-09 | 1 |  |  |
| 2016-12 | 2 | expense trap |  |
| 2017-03 | 2 | net worth falling | expense trap |
| 2017-06 | 1 |  | net worth falling |
| 2017-09 | 2 | delinquency rising |  |
| 2017-12 | 4 | delinquency 2x band, repo signal |  |
| 2018-03 | 5 | net worth falling |  |
| 2018-06 | 4 |  | repo signal |
| 2018-09 | 2 |  | delinquency rising, net worth falling |
| 2018-12 | 3 | repo signal |  |
| 2019-03 | 4 | net worth falling |  |
| 2019-06 | 3 |  | repo signal |
| 2019-09 | 2 |  | net worth falling |
| 2019-12 | 2 |  |  |
| 2020-03 | 3 | net worth falling, charge-offs p90 | delinquency 2x band |
| 2020-06 | 4 | margin squeeze |  |
| 2020-09 | 4 |  |  |
| 2020-12 | 3 |  | charge-offs p90 |
| 2021-03 | 2 |  | margin squeeze |
| 2021-06 | 2 |  |  |
| 2021-09 | 1 |  | net worth falling |
| 2021-12 | 1 |  |  |
| 2022-03 | 2 | delinquency rising |  |
| 2022-06 | 2 |  |  |
| 2022-09 | 2 |  |  |
| 2022-12 | 2 |  |  |
| 2023-03 | 1 |  | delinquency rising |
| 2023-06 | 3 | net worth falling, leaning on borrowings |  |
| 2023-09 | 3 | expense trap | net worth falling |
| 2023-12 | 2 |  | expense trap |
| 2024-03 | 3 | delinquency rising |  |
| 2024-06 | 1 |  | leaning on borrowings, delinquency rising |
| 2024-09 | 3 | repo signal, leaning on borrowings |  |
| 2024-12 | 2 |  | repo signal |
| 2025-03 | 3 | net worth falling |  |
| 2025-06 | 2 |  | net worth falling |
| 2025-09 | 2 |  |  |
| 2025-12 | 2 |  |  |
| 2026-03 | 3 | net worth falling |  |

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

- 2026-07-24 [Financial Plus Credit Union opens Bay City East branch - MLive.com](https://news.google.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?oc=5) · MLive.com
- 2026-03-04 [New credit union locations across mid Michigan - WNEM](https://news.google.com/rss/articles/CBMijgFBVV95cUxPalBPSG9ZYTJxeDZWTHVSN3BKLXQzRGxEN0dHNXV6Ykt5UUFYeFZ5dEdFdU5IbUZmR1FVcmJzZVh1MmVDYzBubjUtZ3M2MVMwYW1KT2ZUWHgzZ3YyRDIyWU82TkN4OV95MXowbUlrSHYtSHpKSXhxeTlUa2NLY3NKMG1sbndQcHJtckkzb3Vn?oc=5) · WNEM
- 2026-03-18 [Members First Credit Union hosts groundbreaking in Bay City - abc12.com](https://news.google.com/rss/articles/CBMi3gFBVV95cUxQSUIweG9mRWZQS1ZyMkU2U2FkUFpYZHY1SDBzWm1vUzVfNlcxQk5TLVlTMEducjhndi1USXB4OFJaZ2xYbGx6MHdlbFI1ejA4cWFvTDVyNGlPbFNkZjFjNWdGYnNDMTlZVzdxZjQ2MXNaWEZ1ZENiNjU0ZzB2ZnRyTy1MYjZXNmoyV001Y0RKUUhLdHZPM3RDbjJxZmZZQlJfeWFlbm4zaG5Kc0wxbEN1N3lUS0lUdXk4VEhRaXVQYUE2R2ZEOWxYLTVIMkN2OGpuQlNuVWtJd3VZNzVWSGc?oc=5) · abc12.com
- 2026-02-25 [Financial Plus Credit Union employees raise record $65,000 for United Way - MLive.com](https://news.google.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?oc=5) · MLive.com
- 2025-07-22 [Financial Plus Credit Union welcomes Ryan Carley as senior vice president of retail delivery - CUInsight](https://news.google.com/rss/articles/CBMizgFBVV95cUxQYlVteVRVWnBnNm01X29YR1NKWG0wMlk4RTd2eng0TEx6V2t3Q3RvSjBIeVJTU25MVjdUWG8wcEEtb2JPaFJsWWlmaDBNbmVvaGp0WnRBc3ZkMmw4SVdNVjQ1Mi1oYVdUaEh4VWhOVUdRUDhPVWFxZEVvVGNvek9ZbTM5aFNoUDFfYWZPQzdpbm5LamliSXdWV2xBdERlY0J0YzA5UW55LXBkem1VT19xU19obEJXSDA0RHVlVmFZZ09VQ2Q0bGxSVFJYeW5nQQ?oc=5) · CUInsight
- 2026-05-30 [Hemlock Semiconductor executive retires; Isabella Bank announces leadership change - Midland Daily News](https://news.google.com/rss/articles/CBMiigFBVV95cUxOVUZlOHpWWkk4UWxjX2h3eHhhbVd5anVUSVZpX2llOFpDVDlzSS10a1UtOTJ1U3dSalBqZjdablpJcFBYdGZodVF4WHRHbjdiWWhiU013cEJ2NVhRU0FRSEpMUXVZTm9FdHBLTldCQnZNalhmbGh5bUFPQ1Z4NncwYTFQTnZKZUNMRUE?oc=5) · Midland Daily News
- 2026-05-06 [CASE, Team One credit unions merging in Michigan next year - abc12.com](https://news.google.com/rss/articles/CBMi2wFBVV95cUxNQkczYzhyenRrYkNSZFhLWjZUSWNTYzhnalNGaGw2Q3FiNldxV2ltSXNXQ3F3Qk9lSHgwVWxxS3NpRkJjYlJVYnowWi1ZOHZRcnFfb3QxelY1SWZhdG42OU5RZFZTamZFdFNDd05xNkdfM2FCRGpYYVpmMzN6Uy1LbXZ3ZS1TMUpDdTlqdFp4YTM0UXNOWUprQUtWazlZSDBrS2pILUdvUEZpWERPbUhkZDRpcDRId1VwTHQwdEs1bUZ6bmE4MmtTN3RhZlRJUjJ1b2d4b2hEN3cxU1U?oc=5) · abc12.com
- 2024-09-17 [Allen Williams, 31 - AND Magazine](https://news.google.com/rss/articles/CBMiX0FVX3lxTFAySndHelFZOF9BQmpMTXU3RElhUVc4MXhleTlnQi1YNGtjX2VrNEduMkdZcTJPSnI0MlZadGRZdTBxVXVuVDdNOHVXeTNFQ19rWi1uSDBRTDFSM1pTZDFR?oc=5) · AND Magazine

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=68646 (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/38.json (key "68646", 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=68646
- 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