# CHIROPRACTIC
FARMINGTON, MI · NCUA charter 6871 · asset band <$50M · latest filing 2026-03 · live
Share link (named URL with a preview card): https://getbookiq.com/cu/chiropractic-6871

Who the members are: federal charter, multiple common bond, organized 1950. 2,594 members of 12,000 potential (21.6% of the field); checking penetration 65% (share draft accounts per 100 members); loans per 100 members 44.

**Verdict on the desk:** this could be *liquidity-rich*. Composite score 0 of 18 (one point per flag across 17 flags, capital below 7% counted twice).

## What the filing shows

| Measure | Value |
|---|---|
| Total assets | $40.8M |
| Members | 2,594 (-1.5% YoY) |
| Full-time staff | 3 |
| Net worth | $6.1M |
| Net worth ratio | 15.0% (p51 of band) |
| ROA (annualized) | 0.83% (p62 of band) |
| Total delinquency | 0.83% (p58 of band) |
| Net charge-offs (annualized) | 0.00% (p22 of band) |
| Loans / shares | 50% (p38 of band) |
| Cash / assets | 11.9% |
| Borrowings / assets | 0.00% |
| Net interest margin | 2.97% (p18 of band) |
| Operating expense / assets | 2.82% (p27 of band) |
| Vehicles % of loans | 15% (p10 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 0% |
| Third-party paper % of net worth | 0% (p43 of band) |
| Vehicle delinquency | 0.00% (p16 of band) |
| Vehicle NCO | 0.00% (p35 of band) |
| Repossessed % of vehicle book | 0.00% (p46 of band) |
| Real estate % of loans | 26% |
| Credit cards % of loans | 6% |
| Unsecured % of loans | 13% |
| Commercial % of net worth | 42% |
| Core shares % of member funds | 52% |
| Certificates % of member funds | 27% |
| Average share balance | $6,235 |
| Participations bought / yr | $0 |
| Participations sold / yr | $0 |
| Participations outstanding | – |
| Loans outstanding per 100 members | 44% |
| Loans granted per 100 members, annualized | 7% |
| Average loan balance | $15,439 |
| Loans granted, annualized | $5.8M |

## Flags firing in the latest filing

- none

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 0 |  |  |
| 2016-06 | 0 |  |  |
| 2016-09 | 0 |  |  |
| 2016-12 | 1 | net worth falling |  |
| 2017-03 | 0 |  | net worth falling |
| 2017-06 | 1 | losing money |  |
| 2017-09 | 0 |  | losing money |
| 2017-12 | 1 | delinquency rising |  |
| 2018-03 | 1 |  |  |
| 2018-06 | 1 |  |  |
| 2018-09 | 2 | net worth falling |  |
| 2018-12 | 0 |  | delinquency rising, net worth falling |
| 2019-03 | 1 | delinquency rising |  |
| 2019-06 | 0 |  | delinquency rising |
| 2019-09 | 1 | delinquency rising |  |
| 2019-12 | 0 |  | delinquency rising |
| 2020-03 | 0 |  |  |
| 2020-06 | 2 | margin squeeze, members leaving |  |
| 2020-09 | 2 | net worth falling | members leaving |
| 2020-12 | 2 |  |  |
| 2021-03 | 2 |  |  |
| 2021-06 | 2 |  |  |
| 2021-09 | 0 |  | margin squeeze, net worth falling |
| 2021-12 | 1 | delinquency rising |  |
| 2022-03 | 0 |  | delinquency rising |
| 2022-06 | 1 | delinquency rising |  |
| 2022-09 | 1 |  |  |
| 2022-12 | 3 | delinquency 2x band, assets shrinking |  |
| 2023-03 | 3 |  |  |
| 2023-06 | 2 |  | delinquency 2x band |
| 2023-09 | 1 |  | delinquency rising |
| 2023-12 | 1 |  |  |
| 2024-03 | 1 |  |  |
| 2024-06 | 2 | delinquency rising, loan book shrinking | assets shrinking |
| 2024-09 | 2 |  |  |
| 2024-12 | 4 | delinquency 2x band, assets shrinking |  |
| 2025-03 | 2 | members leaving | delinquency rising, delinquency 2x band, assets shrinking |
| 2025-06 | 2 | net worth falling | loan book shrinking |
| 2025-09 | 1 |  | net worth falling |
| 2025-12 | 1 |  |  |
| 2026-03 | 0 |  | members leaving |

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

- 2026-03-07 [Bay City St. Patrick’s Day races expected to draw 6,000 March 14-15 - Midland Daily News](https://news.google.com/rss/articles/CBMihgFBVV95cUxQZXA5YmhPMTFlMmZtUEkzNDk3Y0IydzBPVUdvOXhnZUpaZnFYY0NIOHdfbVlTNnJTelc5c0RjTTBlUEVqUlRPY1h6dHhfYlBFSWQtZnp4eDhYMjRvcDJYMll3Nmo4dzd6ZHBSai1naGI2M2Fydkt3c09YYmlWT2hxRnZvVXRWZw?oc=5) · Midland Daily News
- 2023-12-15 [Jackson News Briefs December 15, 2023 - JTV Jackson](https://news.google.com/rss/articles/CBMiYkFVX3lxTE5JUk5nN0V4RkhmUm44MnFiX3ctTUpmMkYtUVFhTWJwNWNBNVF0R1JxdWhuQ05ZVDdZWWtkb1EtN0xCb0JUZnJhQ19Tby1yblR6dGlHXzN3bzV6cDRNOGV3M1pR?oc=5) · JTV Jackson
- 2011-05-03 [Western District of Michigan - Department of Justice (.gov)](https://news.google.com/rss/articles/CBMigwFBVV95cUxOUEk1djFPVkI1RDNHS2llYlhQVkctaWFSUkVpTl9ocjJHS18tNnlUd2JibWV1QXFJUUxvLVNySnBERnRQNVdvcUc5NXNpekUzUjRfY3BPQVVzMVIyMnhMeC1lV09ZODhPLTViWlQ4dEw2QWo5S1RyTzRHRTBLNkx5Y2pYZw?oc=5) · Department of Justice (.gov)
- 2023-02-06 [Doctors of Chiropractic in the News: Community service and Olympic-level care - Chiropractic Economics](https://news.google.com/rss/articles/CBMipAFBVV95cUxOTEdsdjl0TnRWMUVhZ0pCeGRPOE5DMlNWa3lWZWxFSlZoV0tLMTRpVE5hTXM3NjM0V19Tb2NIeG04NXhtdWJ3UTVYN3hReDRvOXBWb01NVV9NeVVSc3NCcjdWc3FyU1kwSTZQTzhLdzZ6NUoyb1k1YmhhSEJjeXdVSGtLZVhEV0p6Q2hCQ1NtTkZWeGNQaWtNME01NzhidHBIX19XS9IBqgFBVV95cUxNV0dDYk5lM2dwVlVRM1dZbDNUQkF1czZuM3ZHa3AxWjRha2VmNnBBQUxBTzZmT3NRT1QzUjhyVXF5WFRJWjNNbHIyVWdqVmdLWHZtcE1CQXp4a3lvU281X2VrQ1VIczRUNkRxX2ZEbmNxUk5RNTh4elZWZ3FRN1huUkFaX29oQ2JLckpSMlAwb0FfRDItay16X01jTG9Va3VYbTh6QkpSUkYzdw?oc=5) · Chiropractic Economics
- 2022-10-28 ['It just totally changes a person's life': Local chiropractor helps provide veterans with companion pets - FOX 17 West Michigan News](https://news.google.com/rss/articles/CBMi4gFBVV95cUxPUDlzdC1BR1BJZ0J1WkJGbE56djFrUEZnNlg1blZQZFhhWVFQR05wMll4dDlVcW1OTk15aEpLRFlWcHhMQk9Yck0yZGZtUEI0ZGhvNlJuSDFzaThJNmJlT0RMeHZNR1pDai1EUlpYSV9xeUJtMWhGdjhhaVY2SlNTUGpneHNJT2RsdmhYSy1EVU1Va0M1RHp1WGl2OUxrb0tQZHIzdVp6X0FzUGdtUlhNWVN4bUprWkNBcUV3N0JqS1J5Rnh5cUF3NkZSUmZReWFSa2V3bzNqQUthalB5ZDJSSkZB?oc=5) · FOX 17 West Michigan News
- 2019-11-10 [Proposed Developments Stack Up On US-31 - The Ticker](https://news.google.com/rss/articles/CBMiggFBVV95cUxNeS1UTFkxczRwc2d6Skd0eTJHVHBkZTBzbHlxQXhQblhPMHpFRXBZOHktUGc3ZG9wcmhXOU1hY1BDODdKN1lQenA1Y2l3RUUyYVhSN0FZSm5HZVh1b21sZXU2QmxNWHk2NDZXQng0MkRQSmRfVUhHckRhYkhtQjNQLWZB?oc=5) · The Ticker
- 2022-11-17 [Toys for Tots | Here's where you can drop off toys in West Michigan - WZZM13.com](https://news.google.com/rss/articles/CBMi3wFBVV95cUxNWUM3SjdLdHZwY29NcGZPV1hHanlNR1pZaDlpRk9Fa3J6UENwX1VueGYzandBMmtkVnpXclV6R1ZNTlQ5UE80bEVDN1lteGN2VkpGeHdtbWtfTTVGVHRfc3pzYml0Y1FvRTA1Y3VMbWgza1cxajc3a0ViZWxJU29zTF9SNHgydDhoTDN6SEtxazJZSjBQNDRrdmlteEVpWXBnbUt6RFpjMTcxblREZVBqbVR4Nk1mZG0yQmZ0ZWd0dkkzRzZyME9ocmNmb0N5d1VXYXV2UlZHbEFucGE4Z3lZ?oc=5) · WZZM13.com
- 2020-12-09 [First chiropractor in Clarkston calling it a career in 2021 - Clarkston News](https://news.google.com/rss/articles/CBMiogFBVV95cUxQdG9uNHU5M3hTeTZhVUI4bDVIVXhJV3lULUduS0p6Z0FNaVk4M0xzZDJKUlRvdjZRNFRVUVhtX0RjM3pNaWlweDdqMUt3bmEySjhpcWcyMDVuX1h2QWJwNXpaazQtempoV1BrVGk5TmZ3Q0p4TkpTc2ZTc3c1WDQzTEw2NXpIelkyMlN3SFNwalBpRnlyb0FyS1JiR1dMc0Q1VWc?oc=5) · Clarkston News

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=6871 (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/23.json (key "6871", 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=6871
- 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