Credit Union Safety Analysis
Is Lake Michigan Credit Union Safe? Caledonia, Michigan
Based on its Q2 2026 NCUA 5300 call report, Lake Michigan Credit Union has a net worth ratio of 11.27%, at the NCUA level for well capitalized, its 60-day delinquency ratio is 0.35%, and its shares are NCUA insured up to $250,000 per member.
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Short answer
On its Q2 2026 NCUA 5300 call report, Lake Michigan Credit Union's net worth ratio is 11.27%, above the 7% NCUA threshold for well capitalized.
- Net worth ratio (Q2 2026): 11.27%
- Delinquency ratio (60+ days) (Q2 2026): 0.35%
- Return on assets (Q2 2026): 1.11%
- Loan-to-share ratio (Q2 2026): 92.76%
Member deposits (shares) at Lake Michigan Credit Union are insured by the National Credit Union Share Insurance Fund (NCUSIF), which covers $250,000 per member, per credit union, per ownership category.
Context: what these ratios mean · how we score.
A health scorecard for Lake Michigan Credit Union against standard NCUA supervisory thresholds for capital, asset quality, earnings, and liquidity. Based on the Q2 2026 NCUA 5300 call report. Lake Michigan Credit Union reported $17.26B in assets and 536,976 members on its latest 5300 filing. It is based in Caledonia, Michigan.
Data as of · sourced from NCUA 5300 call reports. How we update
Scorecard by dimension
NCUA considers a credit union well capitalized at a net worth ratio of 7% or higher, and adequately capitalized at 6%.
Earlier filings: 11.25% for Q1 2026; 11.84% for Q2 2025.
The share of loans 60 or more days delinquent. Lower is better. NCUA sets no threshold; our reference band passes 1% or less and fails above 2%.
Earlier filings: 0.43% for Q1 2026; 0.36% for Q2 2025.
The latest quarter's net income, annualized, as a share of total assets. Sustained positive earnings build net worth. NCUA sets no threshold; our reference band passes 0.5% or more and fails below 0%.
Earlier filings: 1.28% for Q1 2026; 1.46% for Q2 2025.
Loans as a share of member deposits (shares). Very high ratios can signal tighter on-hand liquidity. NCUA sets no threshold; our reference band passes 85% or less and fails above 100%.
Earlier filings: 92.90% for Q1 2026; 100.58% for Q2 2025.
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Free to use. It shows Lake Michigan Credit Union’s latest filed figures and updates each quarter.
This scorecard is an automated comparison of public NCUA 5300 figures against NCUA's net worth levels and, for delinquency, ROA and loan-to-share (where NCUA sets no threshold), BankRegReports reference bands. It is not a credit rating, an NCUA examination result, or financial advice. Member deposits at federally insured credit unions are protected by the NCUSIF up to at least $250,000 per member. See the full Lake Michigan Credit Union profile or how this data updates.
Regulator records: NCUA credit union profile (charter 62514) · FFIEC NIC profile (RSSD 651596)
Frequently asked questions
Is Lake Michigan Credit Union well capitalized?
On its Q2 2026 NCUA 5300 call report, Lake Michigan Credit Union's net worth ratio is 11.27%, above the 7% NCUA threshold for well capitalized.
Are deposits at Lake Michigan Credit Union insured?
Yes. Member deposits (shares) at Lake Michigan Credit Union are insured by the National Credit Union Share Insurance Fund (NCUSIF), which covers $250,000 per member, per credit union, per ownership category.
What are Lake Michigan Credit Union's key safety ratios?
For Q2 2026, Lake Michigan Credit Union reports net worth 11.27%, delinquency 0.35%, ROA 1.11%, loan-to-share 92.76%.
What happens to my money if Lake Michigan Credit Union fails?
NCUA pays insured shares if an insured credit union fails. Coverage is $250,000 per member, per credit union, per ownership category, backed by the full faith and credit of the United States.