# PFCU
Portland, MI · NCUA charter 68690 · asset band $500M-1B · latest filing 2026-03 · live
Share link (named URL with a preview card): https://getbookiq.com/cu/pfcu-68690

Who the members are: state charter, organized 1947, low-income designated. 57,192 members of 10,127,884 potential (0.6% of the field); checking penetration 61% (share draft accounts per 100 members); loans per 100 members 71.

**Verdict on the desk:** this could be *indirect buyer*. Composite score 1 of 18 (one point per flag across 17 flags, capital below 7% counted twice).

## What the filing shows

| Measure | Value |
|---|---|
| Total assets | $858.9M |
| Members | 57,192 (1.9% YoY) |
| Full-time staff | 184 |
| Net worth | $95.5M |
| Net worth ratio | 11.1% (p61 of band) |
| ROA (annualized) | 0.91% (p69 of band) |
| Total delinquency | 0.33% (p25 of band) |
| Net charge-offs (annualized) | 0.51% (p58 of band) |
| Loans / shares | 73% (p29 of band) |
| Cash / assets | 23.6% |
| Borrowings / assets | 0.00% |
| Net interest margin | 4.07% (p88 of band) |
| Operating expense / assets | 4.10% (p75 of band) |
| Vehicles % of loans | 49% (p87 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 73% |
| Third-party paper % of net worth | 216% (p76 of band) |
| Vehicle delinquency | 0.45% (p38 of band) |
| Vehicle NCO | 0.74% (p44 of band) |
| Repossessed % of vehicle book | 0.02% (p40 of band) |
| Real estate % of loans | 38% |
| Credit cards % of loans | 2% |
| Unsecured % of loans | 5% |
| Commercial % of net worth | 13% |
| Core shares % of member funds | 53% |
| Certificates % of member funds | 16% |
| Average share balance | $6,495 |
| Participations bought / yr | $0 |
| Participations sold / yr | $0 |
| Participations outstanding | $786,422 |
| Loans outstanding per 100 members | 71% |
| Loans granted per 100 members, annualized | 19% |
| Average loan balance | $13,730 |
| Loans granted, annualized | $178.0M |

## Participation posture (from the same filings)

Bought $0 and sold $0 in the latest annualized quarter; $786,422 outstanding purchased (0.8% of net worth), $34,566 sold and retained. Sold in 0 and bought in 0 of the last 8 quarters. Shares 2.0% year over year.

## Flags firing in the latest filing

- **3rd-party paper>100% NW** (`str_thirdparty`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2018-06 | 0 |  |  |
| 2018-09 | 1 | 3rd-party paper>100% NW |  |
| 2018-12 | 1 |  |  |
| 2019-03 | 2 | expense trap |  |
| 2019-06 | 2 | net worth falling | expense trap |
| 2019-09 | 2 |  |  |
| 2019-12 | 1 |  | net worth falling |
| 2020-03 | 1 |  |  |
| 2020-06 | 3 | net worth falling, margin squeeze |  |
| 2020-09 | 2 |  | net worth falling |
| 2020-12 | 2 |  |  |
| 2021-03 | 3 | net worth falling |  |
| 2021-06 | 1 |  | margin squeeze, net worth falling |
| 2021-09 | 1 |  |  |
| 2021-12 | 1 |  |  |
| 2022-03 | 2 | net worth falling |  |
| 2022-06 | 2 | delinquency rising | net worth falling |
| 2022-09 | 2 |  |  |
| 2022-12 | 2 |  |  |
| 2023-03 | 1 |  | delinquency rising |
| 2023-06 | 1 |  |  |
| 2023-09 | 1 |  |  |
| 2023-12 | 1 |  |  |
| 2024-03 | 2 | net worth falling |  |
| 2024-06 | 1 |  | net worth falling |
| 2024-09 | 1 |  |  |
| 2024-12 | 1 |  |  |
| 2025-03 | 2 | net worth falling |  |
| 2025-06 | 1 |  | net worth falling |
| 2025-09 | 1 |  |  |
| 2025-12 | 1 |  |  |
| 2026-03 | 1 |  |  |

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

- 2026-09-09 [PFCU Celebrates Members with Special Giveaways During Member Appreciation Week - The Portland Beacon](https://news.google.com/rss/articles/CBMiwgFBVV95cUxPZkhFOEZtSmh3QWRLUkxQdnlDYzRWeTI5cjc4bWRDeC1qWUFBX1VOWmhfTDAxZEJzRVc0dkJZbWdoQVpVemRsWEJNOUJ2SGVOa1BOSUU2QmdmT0lJZHNIQ09nYmZiQUZqd2h4VWZCZ1RuQlR3d3BCYlVvWUc3Wjk2R1phNl9FdG5saHlVU2ZJVDlIS1VhWFk1b1VId1l5NGdEbFJyWE1iRVVWdktBMUFjTmJHTWROS1pRY0lIWmJpUEV5QQ?oc=5) · The Portland Beacon
- 2025-12-08 [Marquis Software Solutions Under Investigation for Data Breach of Over 780,000 Financial Records - Schubert Jonckheer & Kolbe](https://news.google.com/rss/articles/CBMickFVX3lxTE1vZVQ4bU5jSFVZOGJmZmVqbDJWLXBOcHcxWUZISVE3djVZZVM4ZHFaRTdFTk9vMGptMU5fY2NjMmNRRlRSX1BHVEJ6VjdDeHlSNEZIeTNYU2VoYVRaaDZqT2otMUJvaEROYWx3OWdlQmdIZw?oc=5) · Schubert Jonckheer & Kolbe
- 2026-05-08 [PFCU Credit Union’s Ben Weller Honored as Chamber Member of the Year by Grand Ledge Chamber of Commerce - The Portland Beacon](https://news.google.com/rss/articles/CBMi3wFBVV95cUxOb214S1cwamxoUjZnVEIzNTh1dnhOd0xQV1ozcGhFZmdpTFVtck9NT1lZT1REcFAtdjBwUWxnUGcxTGI0ODNhLUxfa0R4YVRoSHVTVVA1YjIwdFl2UEdod0dqOE5nSThhbWVIdkRLa29KVEtwb21HR2g0cGhiQ3ptVHJENUtmaVByVXF1a1BIbmt5cnZreEcxdlYzR0stb19TeWtpamdIRHlDOGh4YUZkQVVTWVNNa2Y1NVlUbTZuVVhKMFlNOF85UExNVzBJa3pFUVhkQU5tZFNoN3k1cnVr?oc=5) · The Portland Beacon
- 2025-12-03 [Marquis data breach impacts over 74 US banks, credit unions - BleepingComputer](https://news.google.com/rss/articles/CBMiqgFBVV95cUxNN25wV2ZwYk9ESjhEMGdsY1N4dXdSV2FBTUo2R21EX0JoODBvWlhTcVJ3TmtDdW5veDVucFZwS0V2M0Z5VGJsLVQ3MDJWQUpISFgtb1p6aWI0ZnE2MVdjTU8xXzZuclIwQ3ZGRVBCYl9jWXJjeURoNW9UM2hHay1uOElZSENqalFVWndUYV9xUjRnQ284QkpDSnJZNENHOHRfMnhDSnlSbXRzQdIBrwFBVV95cUxPNWZVaVhpYWZHQmVuT1ZWMUt1eTN6VjE1YnE5VC1wWWo0UE4xUG1BSmduNnBZckhtZE5ZTUFkQjdXa3dQS21JMHlIc015cEhsdkVfRzRsSU9YN3owcWFOcWNQQWJTcmxLcjJlYnRUYkd5UFBVclVVODdhVGQ0RTZVZjJDZlpiUWNQWjllcDBVcFQ0WW9qQ1dNNVY2TDNDeS11cU0xN2lNNHdnSG5mckE0?oc=5) · BleepingComputer
- 2021-03-01 [Learn more about PFCU and how they’re supporting their customers - WILX](https://news.google.com/rss/articles/CBMinAFBVV95cUxQRVRWdnFZMjkxQVhvQTYzWk5Mek95NVBLVVFKTHUwTHZMTWNidEF2cVFKTnJWRVR2Rl95SmpQN3NqUDNLVkxWekEtaHpUUTdCNnhEaHdiMFQtbFlfNGQzMnJ0eTNJOU5Jb2hyY1IzQ05IVjlId1FubXRJQk44Q0RLTTdCdWZuaHNHR21TNzI3LUhvcXBwYUwzUWt0WDbSAbABQVVfeXFMTzVGaksxcGR2Y3lhT1dqNTJZTnZJMHhIUUJSTi12cEJqZmpFb3BSelFqRnBEaTBaUTk1dFJsUTV4NVVWY2Rwbm9wQVdva2xyckh4dUpvODFSTWw2NW5ZNXFhMTZBRGRNU0FGT252RTVqVVlCeU9oVHlmSVJLR3ROQy1EVldaM0NDMi1FRVNNdk5MeFczYkZSbXBwSDlrS3I2MDc3bnlSN0Z6R2VrNE9SVG4?oc=5) · WILX
- 2018-07-02 [PFCU merger finalized on Sunday - Sentinel-Standard](https://news.google.com/rss/articles/CBMiqgFBVV95cUxPaFRzRVZIYmlvVTdWUnRndEhqTG5jUm9TSGNoRnVySzJkVURZNDZlWDBxRWw3SzZuX2lIWE5TcGlmYXpOeDhUQWxrRDRreFpob29GbkIxSWZRLWoxNko1eFVCLXFzNFRSdEVrSERENWtwS05wQTJDdm9PRTBhS1VFVGZnMjZkN1N2ejNWUXNMY1BIdWtCb1dZVTdQNFFDYy14Z1BnbTVlR3o5QQ?oc=5) · Sentinel-Standard
- 2022-03-18 [Another ATM is ripped from its foundation in Mid-Michigan, the 4th such incident within a month - abc12.com](https://news.google.com/rss/articles/CBMi_gFBVV95cUxQdU8xdDlhcll6eWZsQWJWZ2Fjc2NzQzJnbXdwTlluMThjeUZwYjJSS1ZfeUgzb0gtSVNVc0o4c2tTa3J6QWdEX0F4N2dmYTVzLVlUMktvQ0tqbGxFYklMWWtzV1BDaXZTNU5FXzVUUl9NYUQ1d3d4QVpmc1FISFlxV2JwMW8tRzN2RnAtaDFnVlJWRWZCT0VOSWc1RG9OZi1KTmlwTXZrT2tReW0zMl9qQkV0R3dyWUhBU0VCTG5oRmRXMGZ0a2R0WjNwWUs1cmZiMUhmQzVlMmRoZm1iNVJWYVRJaEN0TXhhSGxVMUd4ckpkNnJFaUpKT0xvdlRoZw?oc=5) · abc12.com
- 2023-04-06 [Vehicle crashes into credit union in Flint Township, one person injured - wwmt.com](https://news.google.com/rss/articles/CBMikAFBVV95cUxOTFlpWC1TSXZ4Q3cxUURKblZvTFZFWmdlYnhDYUVnNGU5b2lDNXFySVdJLW9FRERROG5kZkJ3Sk9IcE42SjQ3bzh3cUxXSEw1MTE0aVBwNE5JaF9Pc1pFUHY0d2ZWSGVnRjhBWHVmNEJKRW92djF5YUdLb3Y5STVoR1ZhZ01Jb2ZhT29pejFTdDI?oc=5) · wwmt.com

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=68690 (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 "68690", 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=68690
- 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