# LIVE LIFE
Fraser, MI · NCUA charter 7927 · asset band $50-100M · latest filing 2024-09 · stopped filing after 2024-09 (departed; for a credit union that is almost always a merger)
Share link (named URL with a preview card): https://getbookiq.com/cu/live-life-7927

Who the members are: federal charter, multiple common bond, organized 1952, low-income designated. 1,003 members of 5,000 potential (20.1% of the field); checking penetration 80% (share draft accounts per 100 members); loans per 100 members 40.

**Verdict on the desk:** this could be *stressed*. Composite score 8 of 18 (one point per flag across 17 flags, capital below 7% counted twice).

## What the filing shows

| Measure | Value |
|---|---|
| Total assets | $74.9M |
| Members | 1,003 (-9.6% YoY) |
| Full-time staff | 12 |
| Net worth | $3.7M |
| Net worth ratio | 4.9% (p0 of band) |
| ROA (annualized) | -2.49% (p1 of band) |
| Total delinquency | 0.99% (p71 of band) |
| Net charge-offs (annualized) | 1.29% (p94 of band) |
| Loans / shares | 60% (p41 of band) |
| Cash / assets | 36.0% |
| Borrowings / assets | 0.00% |
| Net interest margin | 1.64% (p2 of band) |
| Operating expense / assets | 5.67% (p96 of band) |
| Vehicles % of loans | 17% (p9 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 0% |
| Third-party paper % of net worth | 0% (p25 of band) |
| Vehicle delinquency | 1.06% (p73 of band) |
| Vehicle NCO | 0.00% (p8 of band) |
| Repossessed % of vehicle book | 0.00% (p39 of band) |
| Real estate % of loans | 74% |
| Credit cards % of loans | 1% |
| Unsecured % of loans | 3% |
| Commercial % of net worth | 34% |
| Core shares % of member funds | 88% |
| Certificates % of member funds | 0% |
| Average share balance | $33,682 |
| Participations bought / yr | $0 |
| Participations sold / yr | $0 |
| Participations outstanding | – |
| Loans outstanding per 100 members | 40% |
| Loans granted per 100 members, annualized | 8% |
| Average loan balance | $105,740 |
| Loans granted, annualized | $6.1M |

## Flags firing in the latest filing

- **thin capital** (`cap_low`)
- **capital below 7%** (`cap_critical`)
- **net worth falling** (`cap_falling`)
- **losing money** (`earn_negative`)
- **expense trap** (`earn_opex`)
- **charge-offs p90** (`aq_nco_high`)
- **members leaving** (`shrink_members`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 3 | losing money, expense trap, delinquency 2x band |  |
| 2016-06 | 3 | charge-offs p90 | delinquency 2x band |
| 2016-09 | 3 |  |  |
| 2016-12 | 2 |  | charge-offs p90 |
| 2017-03 | 6 | delinquency 2x band, charge-offs p90, assets shrinking, members leaving |  |
| 2017-06 | 5 | delinquency rising | delinquency 2x band, members leaving |
| 2017-09 | 6 | members leaving |  |
| 2017-12 | 6 | thin capital, net worth falling | assets shrinking, delinquency rising |
| 2018-03 | 1 |  | losing money, expense trap, charge-offs p90, members leaving, net worth falling |
| 2018-06 | 3 | losing money, members leaving |  |
| 2018-09 | 3 | margin squeeze | losing money |
| 2018-12 | 1 |  | members leaving, margin squeeze |
| 2019-03 | 6 | capital below 7%, net worth falling, margin squeeze, delinquency rising |  |
| 2019-06 | 6 |  |  |
| 2019-09 | 6 | delinquency 2x band | net worth falling |
| 2019-12 | 5 |  | delinquency 2x band |
| 2020-03 | 5 |  |  |
| 2020-06 | 4 | net worth falling | margin squeeze, delinquency rising |
| 2020-09 | 4 | margin squeeze | net worth falling |
| 2020-12 | 6 | delinquency 2x band, delinquency rising |  |
| 2021-03 | 5 |  | margin squeeze |
| 2021-06 | 2 | members leaving | capital below 7%, delinquency 2x band, delinquency rising |
| 2021-09 | 2 |  |  |
| 2021-12 | 5 | expense trap, delinquency 2x band, assets shrinking |  |
| 2022-03 | 4 |  | assets shrinking |
| 2022-06 | 6 | delinquency rising, assets shrinking |  |
| 2022-09 | 4 | leaning on borrowings | thin capital, delinquency 2x band, delinquency rising |
| 2022-12 | 5 | thin capital |  |
| 2023-03 | 5 | net worth falling, losing money, margin squeeze | expense trap, assets shrinking, leaning on borrowings |
| 2023-06 | 6 | delinquency 2x band, delinquency rising | net worth falling |
| 2023-09 | 7 | expense trap |  |
| 2023-12 | 8 | leaning on borrowings |  |
| 2024-03 | 8 | capital below 7%, net worth falling | margin squeeze, expense trap, leaning on borrowings |
| 2024-06 | 7 | charge-offs p90 | delinquency 2x band, delinquency rising |
| 2024-09 | 8 | expense trap |  |

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

- 2021-03-16 [First penalty for pot banking violations lands on credit union - American Banker](https://news.google.com/rss/articles/CBMinwFBVV95cUxPQW1MYkp4R3g1VF9YM3FBaVhuSE5ObXZ5LVNWTUhJa2NmZEZCWUQ2NkZlZ0RGM2ZTRVVoaVZrUThTSzdJbi0waHJBLWdEQ3dvUWlGTHpJWk5xb1VmQk52SmlQY0JsSDZ4YkhPWE5NWTBnb0UzcXNpOXFLcjlXbHh0S3d0b04wVHJFby1kbFBEeks1WFAzVFVXMnFwbmdYS1U?oc=5) · American Banker
- 2021-05-10 [Recent NCUA Enforcement Action Underscores Ongoing Importance of Compliance with FinCEN Guidance for Banking Marijuana Related Businesses - Hunton Andrews Kurth LLP](https://news.google.com/rss/articles/CBMihgJBVV95cUxNaTZOOFhVd1BmeDU1THpZUVFfMDBVM1ZfR29JaVRyTGZ1eW8xMEpabkd2b3hGZDhDTldFeWo4TmpSQ3h2dHVrWXZKdVRhU2wtNVBfN3JjYXM4WENJSG9OZ2ZHTURTLTBaVUgzSV90YTlwOFhUUTNxVnlBbXJZWkFjNlM4ZEw2NmFxdUQ2dzBIa0J6ejNESFV3Sm1iNDFaN1hyTGFhemRBbTYtc1dwellZYUJwdEJFNmwtOFI2cmlYS3lVUW02S0NQclFxaXhoYTN4eXpLamJ2cWtta283OFY5Ym5RVjhyQTZSVWxHNmdJdlFYcmxYVUcyUE9qNi10em5UNElIZEtn?oc=5) · Hunton Andrews Kurth LLP
- 2023-04-10 [Bankjoy Announces Integration with Fiserv Portico - Business Wire](https://news.google.com/rss/articles/CBMiqgFBVV95cUxQa0JNeWxjNUxPZDQ2VF91cUF2STM1RTRPU0xaSGRoX0xPUXVEeDJ6YnlCZGlXTG9qZjJsQnVJWlExdkZlR1hySVh5RkEwVEpKdHZrTzh6Rk1WbGhjbGNRdi1BbklJRlIxTlpwZ2FHTzN1Rjl6Y0dSc1hFZmpvM3JuNjlzaFJreGlPWGVFai04Q2E4QU5NeF9ROTVmSWJEVncwLUdVemFVOTMwdw?oc=5) · Business Wire
- 2019-10-13 [$500,000 in weekly pot-selling cash is boon for Sterling Heights credit union - Deadline Detroit](https://news.google.com/rss/articles/CBMiwAFBVV95cUxNRXZGS2x1aGx5eEVKU3FGakdGSEs2aTRFd2JGb2dGZnBZZFFZTDBLZTRqYWg3SXJEYW5RUnRGUTd0OEZYVHJmVlRGR29TZXdETktydEc2QXN3YmlNNS1oRDZtUVpCRnBYZ3lmbV95REFrWk91T0RXeHdlM1pJZkdPNmhOUUxkRU5mNjhlX1o0VmY0OU8ySm5vX2hqdnloM0VOcG9JamIwSjFKbTlJeWg2SnBmYmhjdzV6ZUs2MWtEd0U?oc=5) · Deadline Detroit
- 2021-11-28 [Michigan marijuana businesses couldn't find banks to take their cash, lend money - Detroit Free Press](https://news.google.com/rss/articles/CBMi4wFBVV95cUxPLXRoY1B6amdYSXQ1bUFqQUVkT1RPbW44STgxUEdRZ1BQTHhDbEFibHQzSDdUdk00eDh3UXd6Nlk3S1Fsd0x6R09PdzR3dUpmWUd0dVdjVHhSLVo5bEdMYWo3NDh3Q0JFM0prdEo5WE5zaGo4UVNuNjRBblczZXRWcVZjdzlORVd6N2toYnc2U3B0QnltZy1XblduVVlic3FUalRrcGQ1d3hjUzhUaWhrcEVHeTVmVER2NHh5R1V2UkpiX2FtVUpaZGg2YnJqLVhLYjByOWR6Q2lwdnFkSWpjbXFIOA?oc=5) · Detroit Free Press
- 2023-04-05 [Judge orders Michigan marijuana stores handed back to Skymint - MJBizDaily](https://news.google.com/rss/articles/CBMingFBVV95cUxOUGlwMjdqZXZyLV9VWTZkSDFzTDV1ei1sRTZ3a2hoNzM2SjU4TEU4NzU0QXViQURsUmlGSlhSR2VIeE5pbXNfMmVhYzZLd1hTdG5YbU16aVRBb0ZuMjVmZUVQUlNlZXpRNDk5QWdaVTRDdnRvam9UaDd6UXFCbURpVTFrZUVSWGtVb3VLLTlsZXl4WWdTZmZUcXIzdDUydw?oc=5) · MJBizDaily
- 2019-04-28 [UM-Flint Spring Commencement ceremonies celebrate newest graduates - UM-Flint NOW](https://news.google.com/rss/articles/CBMipgFBVV95cUxNc0kwOUpCY3Rxa0NxTjg4QzdlNERZVUd2WVRwdldnMlQtcUZVTDdFc01JYzdUYVYxTmdBQUctNUtyVmU5OXQ0b3Nqb0taZ2ZuUEpVYW0yMEVwR2JDMDB1aXpSM2pFb0xvVlRMNW41Z09rVlhiX0VDZjF5VFhPMFhZWXY3ZUN5ZTZaNUdFOVN5ajRUVDNFSXMzWi1yWk1sd1JXTTJtaWFB?oc=5) · UM-Flint NOW
- 2023-08-31 [Elevating Arts, Beats & Eats: House of Dank Introduces a Groundbreaking Cannabis Experience That Transforms Festival Culture - PR Newswire](https://news.google.com/rss/articles/CBMiiAJBVV95cUxNVDlIRm56QXlfeFhsRmkwNzhuSlZiZGRvSUhUYWNxcW1YaDZlaVlOWFBLVlF1aGtsYms0aVNJdFJPcGg0a3ZIZnpfTkkyLUNtcGRLNmJCZk5iQzUzdnpZVlhiZEd1elVtNjdiSW5vUi1DNS1TNnJGU0w0YkRIZ0xvZW85aFM3bjFNN3NveEFKLTRwNFdiNUtlc01ZRDRhZTBCcGpvMlBZVV9zZGdGWXpRT0JtMFJ3clk0V0ZsVnJoVVpRVkxYelJGSG1rdlQ5V0p6V01RSEZia09KenlWTjh2dXVOejdiZHJJQmVHdTBKcEdlcWd3eTFOM2tWbk5yUEQzVUpfcjJkQTQ?oc=5) · PR Newswire

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=7927 (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/55.json (key "7927", 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=7927
- 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