# DORT FINANCIAL
GRAND BLANC, MI · NCUA charter 68708 · asset band $1-10B · latest filing 2026-03 · live
Share link (named URL with a preview card): https://getbookiq.com/cu/dort-financial-68708

Who the members are: state charter, organized 1951, low-income designated. 121,009 members of 13,959,207 potential (0.9% of the field); checking penetration 69% (share draft accounts per 100 members); loans per 100 members 79.

**Verdict on the desk:** this could be *ordinary*. 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 | $2.46B |
| Members | 121,009 (2.7% YoY) |
| Full-time staff | 371 |
| Net worth | $251.6M |
| Net worth ratio | 10.2% (p38 of band) |
| ROA (annualized) | 0.63% (p44 of band) |
| Total delinquency | 0.71% (p61 of band) |
| Net charge-offs (annualized) | 1.17% (p91 of band) |
| Loans / shares | 83% (p40 of band) |
| Cash / assets | 10.3% |
| Borrowings / assets | 0.00% |
| Net interest margin | 3.58% (p68 of band) |
| Operating expense / assets | 3.71% (p76 of band) |
| Vehicles % of loans | 13% (p18 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 81% |
| Third-party paper % of net worth | 85% (p35 of band) |
| Vehicle delinquency | 1.79% (p95 of band) |
| Vehicle NCO | 4.24% (p98 of band) |
| Repossessed % of vehicle book | 0.73% (p98 of band) |
| Real estate % of loans | 30% |
| Credit cards % of loans | 5% |
| Unsecured % of loans | 8% |
| Commercial % of net worth | 235% |
| Core shares % of member funds | 31% |
| Certificates % of member funds | 28% |
| Average share balance | $8,568 |
| Participations bought / yr | $0 |
| Participations sold / yr | $648.5M |
| Participations outstanding | $81.0M |
| Loans outstanding per 100 members | 79% |
| Loans granted per 100 members, annualized | 133% |
| Average loan balance | $18,935 |
| Loans granted, annualized | $1.07B |

## Participation posture (from the same filings)

Bought $0 and sold $648.5M in the latest annualized quarter; $81.0M outstanding purchased (32.2% of net worth), $75.1M sold and retained. Sold in 6 and bought in 4 of the last 8 quarters. Shares 6.0% year over year.

## Flags firing in the latest filing

- **net worth falling** (`cap_falling`)
- **charge-offs p90** (`aq_nco_high`)
- **repo signal** (`aq_repo`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2020-03 | 4 | expense trap, delinquency 2x band, charge-offs p90, repo signal |  |
| 2020-06 | 3 |  | expense trap |
| 2020-09 | 2 | net worth falling | delinquency 2x band, repo signal |
| 2020-12 | 1 |  | net worth falling |
| 2021-03 | 1 | margin squeeze | charge-offs p90 |
| 2021-06 | 0 |  | margin squeeze |
| 2021-09 | 0 |  |  |
| 2021-12 | 0 |  |  |
| 2022-03 | 0 |  |  |
| 2022-06 | 1 | delinquency rising |  |
| 2022-09 | 1 |  |  |
| 2022-12 | 1 | 3rd-party paper>100% NW | delinquency rising |
| 2023-03 | 2 | net worth falling |  |
| 2023-06 | 2 |  |  |
| 2023-09 | 1 |  | net worth falling |
| 2023-12 | 3 | margin squeeze, leaning on borrowings |  |
| 2024-03 | 1 |  | margin squeeze, leaning on borrowings |
| 2024-06 | 1 |  |  |
| 2024-09 | 2 | delinquency rising |  |
| 2024-12 | 2 |  |  |
| 2025-03 | 1 |  | delinquency rising |
| 2025-06 | 1 |  |  |
| 2025-09 | 2 | repo signal |  |
| 2025-12 | 2 |  |  |
| 2026-03 | 3 | net worth falling, charge-offs p90 | 3rd-party paper>100% NW |

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

- 2023-12-16 [Dort Financial Credit Union expanding in to Florida - abc12.com](https://news.google.com/rss/articles/CBMi0wFBVV95cUxPdXhXd2lHQ3h1LUtod2gwa1VQaGFXc211SlFzcG9zMmdHb3NuMTJ0OFZ0RFpmQ1l6UzY4VUNfMks1cWF1TzRobFB5WUhkcTRpdFB6TVVxbV9BTmFsT0tSTnpac2hoQWRZLS1PNnkxTnNLQUp0X1lCNUR1M0JQNEt3ZW92ZEtGck94RFVHWjhWUUxfTUxDRVVkUndlRmZSNEljSk9WaGZaTTZoeHhtSlNIaW1hQUU2dVJHaXNLYm9lT2Z4ZFZzY0x1eDJQeHhPNUdkakI0?oc=5) · abc12.com
- 2022-02-17 [Brian Waldron appointed as new CEO of Dort Financial Credit Union - MLive.com](https://news.google.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?oc=5) · MLive.com
- 2023-01-11 [Michigan credit union eyes bank in sector’s 1st tie-up of 2023 - Banking Dive](https://news.google.com/rss/articles/CBMiogFBVV95cUxQTzdZX0dLVGR6Qkpub3ZTWWY4SzdybUZkOGlneU9qQlZweUxRWXZQTXo0NktRWl9QbDg3SFNSRGZ4Z09iZnN2cWpkeHdtRWVvU3FQQ3FPejc2UHY4WURhNWRHd0xSLS10OGRnTzdIQXZYWkJZMDA4RFNlUXVzTGgxY3cyVlQ4enZ4ZjhVUnZQTy1Zc1pEZGJEUlpmWS1tNXJicXc?oc=5) · Banking Dive
- 2025-04-10 [America’s Best Regional Banks and Credit Unions 2025 - Newsweek Rankings](https://news.google.com/rss/articles/CBMijwFBVV95cUxQTmlpWENXaXkzbXJ1U0VzOTBDOTNWVnlhX01aMDZWakRoZE5pbFcySWNvX2xqa0daSUhCb0JkUC1hd0lyRTVaUzlRb3BYU2l4WE9Ucnl3dmw1ekN6dUlKbVdvWGRtbTZUREdtRXZVVEhyYlVxR0Y3RldVaG8xaVRzMGdDQXBsUUowTXdrSEc2RQ?oc=5) · Newsweek Rankings
- 2023-01-17 [Hundreds step up on MLK Day to help United Way feed families in need - Flint Beat](https://news.google.com/rss/articles/CBMiswFBVV95cUxQWlFnbC1vWTNOZ0QwV0VoZmw0TUJKdnZrcXhUbkJPem5JMEEzX0w1TXBCZEZVYTBPeEhQVmFWWEtrMDQ1eE1WSXduUkdWeDdJTlNVRzJjbnZLcFF3aDNEREdiZ2JnMktoNVNUMFVTaEpFWDVyc0dydlNQN0JNdGN3MDhtRGJnY2ctV0hBdERZOUZvekhkQ181R3N6MFNZZnY1NGVoMEJYSVB2eXkxTnowbTBONA?oc=5) · Flint Beat
- 2023-08-25 [Livewell on Harrison project gets donation from Dort Financial Credit Union - MLive.com](https://news.google.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?oc=5) · MLive.com
- 2015-11-14 [Dort Financial Center - Flint Firebirds - Stadium Journey](https://news.google.com/rss/articles/CBMijAFBVV95cUxQbldGS2tIU0ItRnNPU3V3VjBkUHVJeHU4Z1JqSW1HMmJ3Q1FoRloxbDVUVkd0Y3pNZFFOdnFMa080N1d0VDlyRWNlWnVqVGEybWtVM09ZWm5SZEJvVzdkcnJnOG9PbmhmangtQ013a3VxbC1tRzZwOEJRcmRqUG1lRzNiUk15RWFhbURWSA?oc=5) · Stadium Journey
- 2023-01-12 [Shrine Circus Returns to Flint This Weekend 1/13 – 1/16 - wcrz.com](https://news.google.com/rss/articles/CBMieEFVX3lxTFA1LVI1dGplRXFIWFU5SWN5XzFrRmRhenNaYUxZQXlaZDE5OVJ4U0dsalNoekZ4ZE1iU0ZYcmRJMnprMHNWR3I1RFd5dGhWZTZKNmpVY3lUc1MwamoySTJqSFExanQ0TS05WTdSLU5idEJER0t4NFFxMA?oc=5) · wcrz.com

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=68708 (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/36.json (key "68708", 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=68708
- 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