# SB COMMUNITY
MUSKEGON, MI · NCUA charter 7810 · asset band <$50M · latest filing 2019-09 · stopped filing after 2019-09 (departed; for a credit union that is almost always a merger)
Share link (named URL with a preview card): https://getbookiq.com/cu/sb-community-7810

Who the members are: federal charter, service (single sponsor), organized 1952, low-income designated. 1,978 members of 5,000 potential (39.6% of the field); checking penetration 49% (share draft accounts per 100 members); loans per 100 members 43.

**Verdict on the desk:** this could be *ordinary*. 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 | $13.3M |
| Members | 1,978 (4.0% YoY) |
| Full-time staff | 4 |
| Net worth | $1.2M |
| Net worth ratio | 9.3% (p17 of band) |
| ROA (annualized) | 0.30% (p34 of band) |
| Total delinquency | 0.21% (p25 of band) |
| Net charge-offs (annualized) | 0.12% (p41 of band) |
| Loans / shares | 80% (p75 of band) |
| Cash / assets | 2.8% |
| Borrowings / assets | 0.00% |
| Net interest margin | 3.25% (p41 of band) |
| Operating expense / assets | 4.05% (p65 of band) |
| Vehicles % of loans | 50% (p40 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 35% |
| Third-party paper % of net worth | 135% (p97 of band) |
| Vehicle delinquency | 0.18% (p36 of band) |
| Vehicle NCO | 0.35% (p70 of band) |
| Repossessed % of vehicle book | 0.00% (p45 of band) |
| Real estate % of loans | 38% |
| Credit cards % of loans | 3% |
| Unsecured % of loans | 7% |
| Commercial % of net worth | 0% |
| Core shares % of member funds | 44% |
| Certificates % of member funds | 14% |
| Average share balance | $3,619 |
| Participations bought / yr | $0 |
| Participations sold / yr | $0 |
| Participations outstanding | – |
| Loans outstanding per 100 members | 43% |
| Loans granted per 100 members, annualized | 10% |
| Average loan balance | $11,337 |
| Loans granted, annualized | $2.8M |

## 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 | 2 | thin capital, 3rd-party paper>100% NW |  |
| 2016-06 | 3 | auto monoline |  |
| 2016-09 | 3 |  |  |
| 2016-12 | 3 |  |  |
| 2017-03 | 4 | net worth falling, losing money | auto monoline |
| 2017-06 | 4 |  |  |
| 2017-09 | 3 |  | net worth falling |
| 2017-12 | 2 |  | losing money |
| 2018-03 | 2 |  |  |
| 2018-06 | 2 |  |  |
| 2018-09 | 2 |  |  |
| 2018-12 | 2 |  |  |
| 2019-03 | 2 |  |  |
| 2019-06 | 2 | delinquency rising | thin capital |
| 2019-09 | 1 |  | delinquency rising |

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

- 2019-05-17 [Credit union robber sentenced to prison - MLive.com](https://news.google.com/rss/articles/CBMikgFBVV95cUxNU3pqdE4yYnRKM3RFcV9JWXlReEpaM1EyeWcxMGRDMmtPTDRMekY1RjlBMTJSVUItSFA0UXMzM3U4dlRmUUNjQTFWUDVmTnJGRHNoU2tVX2ZOSDQ0MjJ2Y2VUODhQN0xDRWVXeGx3ZzFGeDd0eTV4ejVhUGtnVTlpYXV5Q3pGaEJUa3hmNU5LMGNUQdIBpgFBVV95cUxQWlFqVlVvakszZHdhSjBVMzh3N21qdXI0c3FVVVFERzIyVWpIUFJPZ0tMQmg0anoxaC1JQ0hCUnFkanZtM29ZeFBYMlVsVk5NOHFKZkRneW1NUFlRbzhiZ2lwU0RKek5fdEpEc1hoTTB2a1gtVjNURTludWlsZW9FbHVRNnNCZGdDakZleFJGU3FMcUtlNEM2bUF6eHJVRFltam1YUDRB?oc=5) · MLive.com

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=7810 (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/2.json (key "7810", 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=7810
- 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