# MUSKEGON
MUSKEGON, MI · NCUA charter 7509 · asset band $50-100M · latest filing 2026-03 · live
Share link (named URL with a preview card): https://getbookiq.com/cu/muskegon-7509

Who the members are: federal charter, community charter, organized 1951, low-income designated. 5,042 members of 177,428 potential (2.8% of the field); checking penetration 70% (share draft accounts per 100 members); loans per 100 members 65.

**Verdict on the desk:** this could be *liquidity-rich*. 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 | $80.9M |
| Members | 5,042 (0.4% YoY) |
| Full-time staff | 15 |
| Net worth | $8.8M |
| Net worth ratio | 10.8% (p28 of band) |
| ROA (annualized) | 0.73% (p53 of band) |
| Total delinquency | 0.12% (p14 of band) |
| Net charge-offs (annualized) | 0.45% (p68 of band) |
| Loans / shares | 44% (p21 of band) |
| Cash / assets | 50.4% |
| Borrowings / assets | 0.00% |
| Net interest margin | 3.06% (p19 of band) |
| Operating expense / assets | 3.30% (p41 of band) |
| Vehicles % of loans | 29% (p27 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 0% |
| Third-party paper % of net worth | 147% (p90 of band) |
| Vehicle delinquency | 0.32% (p34 of band) |
| Vehicle NCO | 1.43% (p90 of band) |
| Repossessed % of vehicle book | 0.00% (p38 of band) |
| Real estate % of loans | 49% |
| Credit cards % of loans | 15% |
| Unsecured % of loans | 17% |
| Commercial % of net worth | 0% |
| Core shares % of member funds | 35% |
| Certificates % of member funds | 23% |
| Average share balance | $6,063 |
| Participations bought / yr | $0 |
| Participations sold / yr | $0 |
| Participations outstanding | – |
| Loans outstanding per 100 members | 65% |
| Loans granted per 100 members, annualized | 18% |
| Average loan balance | $9,639 |
| Loans granted, annualized | $7.8M |

## Flags firing in the latest filing

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

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 1 | losing money |  |
| 2016-06 | 0 |  | losing money |
| 2016-09 | 0 |  |  |
| 2016-12 | 0 |  |  |
| 2017-03 | 1 | losing money |  |
| 2017-06 | 0 |  | losing money |
| 2017-09 | 1 | delinquency rising |  |
| 2017-12 | 0 |  | delinquency rising |
| 2018-03 | 0 |  |  |
| 2018-06 | 1 | delinquency rising |  |
| 2018-09 | 1 |  |  |
| 2018-12 | 1 |  |  |
| 2019-03 | 1 |  |  |
| 2019-06 | 1 | net worth falling | delinquency rising |
| 2019-09 | 1 |  |  |
| 2019-12 | 0 |  | net worth falling |
| 2020-03 | 0 |  |  |
| 2020-06 | 1 | net worth falling |  |
| 2020-09 | 1 | 3rd-party paper>100% NW | net worth falling |
| 2020-12 | 1 |  |  |
| 2021-03 | 3 | net worth falling, margin squeeze |  |
| 2021-06 | 2 |  | margin squeeze |
| 2021-09 | 1 |  | net worth falling |
| 2021-12 | 1 |  |  |
| 2022-03 | 1 |  |  |
| 2022-06 | 2 | delinquency rising |  |
| 2022-09 | 2 |  |  |
| 2022-12 | 1 |  | delinquency rising |
| 2023-03 | 1 |  |  |
| 2023-06 | 1 |  |  |
| 2023-09 | 2 | delinquency rising |  |
| 2023-12 | 1 |  | delinquency rising |
| 2024-03 | 3 | net worth falling, delinquency rising |  |
| 2024-06 | 2 |  | net worth falling |
| 2024-09 | 1 |  | delinquency rising |
| 2024-12 | 3 | net worth falling, delinquency rising |  |
| 2025-03 | 3 |  |  |
| 2025-06 | 3 |  |  |
| 2025-09 | 1 |  | net worth falling, delinquency rising |
| 2025-12 | 2 | delinquency rising |  |
| 2026-03 | 1 |  | delinquency rising |

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

- 2026-08-08 [Great Lakes Surf Festival draws hundreds to Muskegon beach - MLive.com](https://news.google.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?oc=5) · MLive.com
- 2026-02-13 [Learners to Leaders at LMCU Empowers 25 Students with Real-World Career Skills and Mentorship - FOX 17 West Michigan News](https://news.google.com/rss/articles/CBMizgFBVV95cUxOUTZmRDNnRGF3NG53SGRwVmZta29iMndFbHJwQnptak93VFFnSFJMbmoyYVJ5TEVlbEFmbGRBalZpeVBEN2tPUDVEaXpSOVFWZHJTbUxRQUpSTHVFeUlNT3FUa3o1Xzk1dUdvcmQteUlwWURfc2xPVUpXUEVMNmlXQS1fMHpFcWF3aXZ0cVRFOFdMbWVCV0ZyZHIzY1pkYTNZMVRKV003TkE3M1BlakhBSXY4VnN4alJscVdiTDA5ZmlQSmJBTVpUdGVMUFR3dw?oc=5) · FOX 17 West Michigan News
- 2025-11-03 [Muskegon credit union opens food pantry amid pause in SNAP benefits - MLive.com](https://news.google.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?oc=5) · MLive.com
- 2025-11-17 [Here's where you can drop off your donations for the 2025 Toys for Tots campaign in West Michigan - WZZM13.com](https://news.google.com/rss/articles/CBMi2gFBVV95cUxPaDVJVTkySHFzNmM4S0haQTZjSEtoZEZCa3Y4QVdtcmRMV1pLWlZWa3U3aDhZMndVSExrY3dvR0pyWHZuT3NFdWFNekFjU3UxZ08zWW5KSG83el95UzFFZEdqWnR0TzBvMDIxeTFaMnJNOTd3d0EwbzRRbndhQXE0NnRjTXlaY2RYS195UlAtWTlublZpY3pGQWhyWEtWSU5Tckl3RklzRmdYTTgzS3F1NUdFdEFEc2xfelA4TXVKVFJ4aEQxYXNmeGZsaXJoQ1Q1R1BkSlR2VHhYQQ?oc=5) · WZZM13.com
- 2022-11-20 [Community Choice CU eyes continued expansion in West Michigan market - Crain's Grand Rapids](https://news.google.com/rss/articles/CBMiwgFBVV95cUxPQUU5QnJtdW9YTmtDRWd2OEtVcUN0cktWTEJ5X3BIRmQ2LWVOQ2NPN0d3dFJuRlJMeVA3aUVEWU03YzliU0dRcjdkZ0lKejR4VXd0dG5wNEJHQ2FKQ2JZWkZuajVBRmpYOUVsRjlkOGRDajlqU2h6cTBGbWxEaXVTRmd0a1JSN1ZWV0lCbnF0OWhTWmFudHNyWDdwcUM1QmJ5b3VjSkd6X3VTRWx5NXhsQ1J5Zl9QdFFUaVYzdFpHN2pldw?oc=5) · Crain's Grand Rapids
- 2025-12-01 [Katie Copenhaver Obituary (1981 - 2025) - Muskegon, MI - Shoreline Media Group - Legacy obituary](https://news.google.com/rss/articles/CBMimgFBVV95cUxPMF9CZEpmQVZ2V3AzMi1teGdlTGtURVdFMThCOVNrNzhzSHFLRTRCelJaYjlZZHVrRWc0MlZ0SnJVQ2ZieHd2RFNVVkdNNF96LUZrUWV5aFhRNWdDM2ZLc3Zpa19kQ1ZpX0VpUTRMSUFaV3JpdV9NNFhNNzNWZUVRcklWOExDMlBHdlRkS2ZiZ0QzLVR1aVFZYktn?oc=5) · Legacy obituary
- 2021-02-12 [Merger to expand Community Choice's foothold in western Michigan - American Banker](https://news.google.com/rss/articles/CBMirwFBVV95cUxPR3pzLXVGTXF5MXhGNmxhY0FseUhOcTVUcHcxUnRUUGVWN1ZJZ0VLR1NVejFEdkFwR1ZzclR4SlQxYmhvTjJ1cVhTcWV3bVJMRUs1VFdSTTRRY2Z1anVsU0NjNFdob2FOcm93WDFvVk9lTmU1Z0EtTEduNVhaTXlpYjZCaUhvWVNDdTNHUV9OZlcxTDZTcG82ZmwwZmJPcU5Da3FpYjRmWVJKZ3BaMmUw?oc=5) · American Banker
- 2019-10-15 [Credit union giving away money at ATMs in W MI - WOODTV.com](https://news.google.com/rss/articles/CBMinwFBVV95cUxOX3RuclgtaHR2X3lPVmo0bTc4SFQtQ0ZrNzJwVUFyZVAzRXB0cnRPZFNaMUpJU3IzOUxLYnFnN1k2NWtib3pRaERTZk1VNE41dkREOHY4d2o0TzVmM0hkbHp4Z21IUGJIMTgyb0ZpWTJqclJDRGc2dFRzRmRZX3hwaE9UdWxvTDBIQ203U1ZvRDVmOEszbkN2bFlkV2ZGNGc?oc=5) · WOODTV.com

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=7509 (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/21.json (key "7509", 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=7509
- 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