# CP
JACKSON, MI · NCUA charter 8667 · asset band $500M-1B · latest filing 2020-06 · stopped filing after 2020-06 (departed; for a credit union that is almost always a merger)
Share link (named URL with a preview card): https://getbookiq.com/cu/cp-8667

Who the members are: federal charter, multiple common bond, organized 1953, low-income designated. 56,958 members of 310,018 potential (18.4% of the field); checking penetration 44% (share draft accounts per 100 members); loans per 100 members 56.

**Verdict on the desk:** this could be *indirect buyer*. Composite score 3 of 18 (one point per flag across 17 flags, capital below 7% counted twice).

## What the filing shows

| Measure | Value |
|---|---|
| Total assets | $552.5M |
| Members | 56,958 (2.4% YoY) |
| Full-time staff | 161 |
| Net worth | $62.0M |
| Net worth ratio | 11.2% (p72 of band) |
| ROA (annualized) | 0.47% (p59 of band) |
| Total delinquency | 0.54% (p58 of band) |
| Net charge-offs (annualized) | 0.78% (p88 of band) |
| Loans / shares | 74% (p41 of band) |
| Cash / assets | 26.0% |
| Borrowings / assets | 0.18% |
| Net interest margin | 3.39% (p91 of band) |
| Operating expense / assets | 3.80% (p79 of band) |
| Vehicles % of loans | 34% (p49 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 70% |
| Third-party paper % of net worth | 138% (p56 of band) |
| Vehicle delinquency | 0.49% (p66 of band) |
| Vehicle NCO | 1.61% (p96 of band) |
| Repossessed % of vehicle book | 0.00% (p17 of band) |
| Real estate % of loans | 50% |
| Credit cards % of loans | 5% |
| Unsecured % of loans | 10% |
| Commercial % of net worth | 38% |
| Core shares % of member funds | 71% |
| Certificates % of member funds | 8% |
| Average share balance | $4,633 |
| Participations bought / yr | $3.5M |
| Participations sold / yr | $0 |
| Participations outstanding | – |
| Loans outstanding per 100 members | 56% |
| Loans granted per 100 members, annualized | 31% |
| Average loan balance | $11,346 |
| Loans granted, annualized | $145.3M |

## Flags firing in the latest filing

- **net worth falling** (`cap_falling`)
- **margin squeeze** (`earn_nim_squeeze`)
- **3rd-party paper>100% NW** (`str_thirdparty`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 1 | 3rd-party paper>100% NW |  |
| 2016-06 | 1 |  |  |
| 2016-09 | 1 |  |  |
| 2016-12 | 1 |  |  |
| 2017-03 | 2 | net worth falling |  |
| 2017-06 | 2 | delinquency rising | net worth falling |
| 2017-09 | 1 |  | delinquency rising |
| 2017-12 | 1 |  |  |
| 2018-03 | 1 |  |  |
| 2018-06 | 1 |  |  |
| 2018-09 | 1 |  |  |
| 2018-12 | 1 |  |  |
| 2019-03 | 2 | net worth falling |  |
| 2019-06 | 1 |  | net worth falling |
| 2019-09 | 1 |  |  |
| 2019-12 | 1 |  |  |
| 2020-03 | 2 | net worth falling |  |
| 2020-06 | 3 | margin squeeze |  |

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

- 2020-11-16 [CP Financial Announces New Name: TRUE Community Credit Union - JTV Jackson](https://news.google.com/rss/articles/CBMigAFBVV95cUxNVzhnaHVjcXpIN21heDh5bklGMF9Ed2s0ZkliX1lXVUNWUUxGLXpFVjRLOUZSbmVxWFc3SWU3clZXbWVGcE5uSldBczl0WHIzRmcyNmRWbkVMX0lBR2tWSW1vem9uSXgxcGI1TEgyWUN3MzRjLW5NMjRDMHpjenFPbg?oc=5) · JTV Jackson
- 2020-11-18 [Michigan credit unions rebrand after merger - American Banker](https://news.google.com/rss/articles/CBMilwFBVV95cUxNbHhLV2NremNIam9kX0tfaGFzOWRmWHFZUUJwWFVxTk5keDQwbUJTdEo3bzg1TmRTSWtTay1ENEVSOEhmTWFOYy1Ham0xNzVaV05GZGJzemhzUHQwcE4yYkpMWjdNVGtaX01nbVFvYUw1OVQtSTBSNDlxaTBSemE3YTRrS0g1MkgyOEQ0UkRJNUkxYnBrbG5B?oc=5) · American Banker
- 2020-11-16 [Credit unions expand footprint in southeast Michigan with merger - 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
- 2019-10-16 [Dort Federal Credit Union takes part in CU Lunch Local Effort - WSMH](https://news.google.com/rss/articles/CBMioAFBVV95cUxOOXI0cHhkUGFlSFNYY1cyR01UdnhXOHpZSXM4dmlaVjJ6OTZqbE04LVI3eDZOM1A4ZjYwbWxST2VNVTlYZzN3SzhhVDN5MFdvbmIwYTNLd1RMU2dLUzRxeW1zQTNRbzltVGZGTG9YblgtcThqclhMWUdFdXgweGJVTU9vZU5MYmxIS0R5YXdlT0dsUm12bWZTWld3MC1wU2x0?oc=5) · WSMH
- 2019-01-16 [Michigan credit unions, agencies step up to aid federal workers - Detroit Free Press](https://news.google.com/rss/articles/CBMitgFBVV95cUxNY0NQeHFQLXp4VTd3V1VEZWdiRXgyRmF1OGJQUTM5N21MYXM3TnBWdkc3djJ0V2l0QjZaSnU2a2FacUUwYlBxN1hfa1R2czUwaFdwRWJzSjRBUGhfREJ6bUlpcDV5d2NRYzRnenFUU3ZRelNOcThRS0FzRm95LXdrNW56cXVtOWNfZlkwZkdoZXM3UEJieWZzaTNTZlZ5UDJadS1la0VTRzdmeHlPMUpLNFY1TEtGUQ?oc=5) · Detroit Free Press
- 2019-11-03 [Steven Burroughs Obituary - Albion, MI - Dignity Memorial](https://news.google.com/rss/articles/CBMigwFBVV95cUxOZzlwMnBZdm5zckgzWncxdmZKRFJuX3pwX1NUWkMxR3VoUE40ZjlESFdXNTBsSmZQVkpEUGdPVVJpMUx0bGk4eGFzVEQ5SGxFdTZxdVNCQTRNd3IyOVVicG8taV81VEIwN3ExbFJjZFJXZGlOWUpzejdMVlNOLUZQM2JtYw?oc=5) · Dignity Memorial
- 2020-08-25 [CP Credit Union, Biggby Coffee opening new Jackson County locations - MLive.com](https://news.google.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?oc=5) · MLive.com

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=8667 (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/27.json (key "8667", 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=8667
- 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