# TRUE COMMUNITY
Jackson, MI · NCUA charter 68718 · asset band $500M-1B · latest filing 2026-03 · live
Share link (named URL with a preview card): https://getbookiq.com/cu/true-community-68718

Who the members are: state charter, organized 1953, low-income designated. 81,734 members of 10,046,150 potential (0.8% of the field); checking penetration 53% (share draft accounts per 100 members); loans per 100 members 66.

**Verdict on the desk:** this could be *indirect buyer*. Composite score 4 of 18 (one point per flag across 17 flags, capital below 7% counted twice).

## What the filing shows

| Measure | Value |
|---|---|
| Total assets | $953.2M |
| Members | 81,734 (-0.5% YoY) |
| Full-time staff | 215 |
| Net worth | $107.9M |
| Net worth ratio | 11.3% (p63 of band) |
| ROA (annualized) | 1.01% (p74 of band) |
| Total delinquency | 1.47% (p94 of band) |
| Net charge-offs (annualized) | 1.30% (p94 of band) |
| Loans / shares | 86% (p65 of band) |
| Cash / assets | 12.1% |
| Borrowings / assets | 2.10% |
| Net interest margin | 4.90% (p98 of band) |
| Operating expense / assets | 5.08% (p95 of band) |
| Vehicles % of loans | 29% (p51 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 74% |
| Third-party paper % of net worth | 148% (p63 of band) |
| Vehicle delinquency | 3.06% (p99 of band) |
| Vehicle NCO | 3.24% (p96 of band) |
| Repossessed % of vehicle book | 0.16% (p76 of band) |
| Real estate % of loans | 41% |
| Credit cards % of loans | 5% |
| Unsecured % of loans | 16% |
| Commercial % of net worth | 71% |
| Core shares % of member funds | 64% |
| Certificates % of member funds | 15% |
| Average share balance | $4,861 |
| Participations bought / yr | $21.7M |
| Participations sold / yr | $0 |
| Participations outstanding | $65.1M |
| Loans outstanding per 100 members | 66% |
| Loans granted per 100 members, annualized | 104% |
| Average loan balance | $13,090 |
| Loans granted, annualized | $309.5M |

## Participation posture (from the same filings)

Bought $21.7M and sold $0 in the latest annualized quarter; $65.1M outstanding purchased (60.4% of net worth), $2.2M sold and retained. Sold in 4 and bought in 8 of the last 8 quarters. Shares 2.8% year over year.

## Flags firing in the latest filing

- **expense trap** (`earn_opex`)
- **delinquency 2x band** (`aq_dq_high`)
- **charge-offs p90** (`aq_nco_high`)
- **3rd-party paper>100% NW** (`str_thirdparty`)

## Warning timeline

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

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

- 2026-09-08 [TRUE Community Credit Union Highlights Business Services - JTV Jackson](https://news.google.com/rss/articles/CBMifEFVX3lxTE0yQ0wzTnQ1SVVuUURuQXNJaW5aYkdwRGtJcUhhU252S0FRXy1tTUxtYW55XzZJM1VJODN2X085eDBqWDlMRGpibUJLenJNbmljRFRDRUcyUVdFVzEwem1YNVdwT0M2SC1vQnBVQnZCbHYxT3dwQUpPV3RJajk?oc=5) · JTV Jackson
- 2026-02-05 [True Community Credit Union launches Jackson in Action with Studio 10 and Experience Jackson - WILX](https://news.google.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?oc=5) · WILX
- 2025-12-09 [Chrissy Siders, President and CEO of TRUE Community Credit Union, wins prestigious ATHENA Award - CUInsight](https://news.google.com/rss/articles/CBMizwFBVV95cUxPaWtQbnJydnJ3eE5CaWdaRVpqakpQNk5xWGpXcjU0RVpJbndqdFVvd2NRZHYteTlMYldKbDlQaVoxU0Q5bHRlQ2hJN21UYTZDQU56TmYxQXVpY1phYnhQc0tyaUJXSmlDdEdpOGNjSG1Fa3Vza2NKejlmamV1RnFhajNobUdtOGN0WGNCSEVtSWFuZm94eWRIckhCOWhKd24tRm44U1pESVR4bi13Y2lEX3hjcnNTRzVPUWJ0TEJKYVNFbDNYbUZ4N29KN0w5Xzg?oc=5) · CUInsight
- 2026-04-30 [Florida man pleads guilty to virtual ATM fraud in Jackson - MLive.com](https://news.google.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?oc=5) · MLive.com
- 2025-03-11 [Florida man charged in connection with fraudulent transactions at Michigan credit union - CBS News](https://news.google.com/rss/articles/CBMiggFBVV95cUxPN3FBS1pVX0JoZk54NXlBLTlzNnprV0FCd01rdDY3ZUhsaXRwOFlhdHFZMmltRGJWUkd4TV9nd1FLT3RVNk91VzB4anlrYUpZU0xzMUE4ek1fSDB0amtSdmhTbV9DZWdRVVB1NzdqMG1FN0w5OElwRG9hdk9ZZHEwblJB0gGHAUFVX3lxTFBuYW5vb0RvR1hJbXNBb0FnWWtVZ0FwZDN6MDBPX3pDejVCWEN5dnBrS3A1ZFM0eXRwSE02X0Y2UEctOVZqSUZDRWJJRzJiVmpTSWhkZ0dtdVhRMGV6LVBzTUFsSUVyRG1JWElyekNzUV9TT3c4d2tEckUyTFV1UmxhWnZOSWVNWQ?oc=5) · CBS News
- 2026-03-04 [City of Jackson “State of the City” 3-4-2026 | Photo Gallery - JTV Jackson](https://news.google.com/rss/articles/CBMifEFVX3lxTFB6WkVrUk9wakhGTnV3b3hSN2FpbTNaLXF6Y3NZcnlReTlOcjhTenc2N1lQbHhfRE85MVFrdTZ4M3g2Nk5LdnZmbGFqd2JBZ01TNXhkN0ZFbXdBNjJVcDk1YmRPVVpsT2ZKZzh4LVZISmV2UFVhcWVOc1hfZks?oc=5) · JTV Jackson
- 2025-06-11 [TRUE Community Credit Union announces internal vice president promotion - CUInsight](https://news.google.com/rss/articles/CBMisgFBVV95cUxQXzZFMHI3eTJxRXlmSHQxaTc1NDN1Y3ZzYkl2cU5iWHBfWEpmYi1XSjdYTEdJQ1FrX1BfdFBkQlpOT2FISTd0cDl3QmhscWVkZTl1QlZlWC1rX1JZZkJ1MEhpOXR0OHlXM2pNWXgzUGJ4WklQMDNNZEVQNnRwbHlIcTlIV0pudkFTRF9qUkxqN0ExLTdPVk12QVoyaEM3RFJGSnJDeVVGV0pPbzlXRG52OFBR?oc=5) · CUInsight
- 2026-06-11 [Jackson Juneteenth Celebration Returns June 18–20 with jobs fair, scholarships, and free festival - WILX](https://news.google.com/rss/articles/CBMiwAFBVV95cUxNeW1rUnpuYm5HaUdGWWlmaG9aRUpPbGx2d0hWY1lic1JIUmhMUmNYNlduV0ItRzVfNTc5SWhJWGN1SnZFT05YOE9SV0tDcUkxM2F1cTVjYnB5eUpoLThURS11aXFBVU5KRmVFem5xcVpzczZmS05EdXh5SVdwd3RvNW9XN1lXMUxHMVdSSkt3VFprbHVnaUNPeFRHTGprTmV6M2xpRHQxaTY3NUpCNy1SM3YtNERDNnJLQkdHR2oyd2HSAdQBQVVfeXFMTzZkQjNrRzZ4bFZvbGJtcVRnTkpTRk42MkE0bmNGWjNGeldvZzhBYW0wWjU0TDNkMEtQeXdZNTRua0ZHeHJwcmdjSC1STFFpbXZKYm9KRUdYTWY1T2JVcl9yRHcxbGhXUlMyaVROdWJUSngyWlYxY0piVjBGRWlyeVhmV1hfNDlUclNYMFVaVXRxVzJDMWh3UktiVkQ0aVRiQTM0UjlxZUFxWlNpOGs5OXFtektGYWlFX2FkRy1sYm9Udk0zakdjS2tCOUNxU0RoeHdSdkE?oc=5) · WILX

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=68718 (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/46.json (key "68718", 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=68718
- 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