Lake Michigan credit union data summarize how Lake Michigan's balance sheet, member base, credit metrics, earnings, and net worth moved through the first quarter.
Highlights
- Assets: $16.9B at March 31, 5.71% from year-end and 14.26% from a year earlier.
- Loans: $13.4B, equal to 79.33% of assets.
- Member shares: $14.4B, with loan-to-share at 92.9%.
- Credit: delinquency was 0.43%; net charge-offs were 0.15% of average loans.
- Net worth: 11.25%; return on assets was 1.32%; year-to-date net income was $54.1M.
Lake Michigan credit union narrative
NCUA 5300 Call Report data for charter 62514 show Lake Michigan reported $16.9B in assets, $13.4B in loans, and $14.4B in member shares at March 31.
The lending side accounted for 79.33% of assets, and the loan-to-share ratio was 92.9%. Those two measures give readers the basic balance-sheet context for comparing Lake Michigan with other large credit unions.
Credit and earnings metrics round out the Q1 view. Lake Michigan reported a 0.43% delinquent-loans-to-total-loans ratio, 0.15% net charge-offs to average loans, 1.32% return on assets, and $54.1M in year-to-date net income.
Net worth ratio, loan concentration, member-share growth, and credit costs should be read together because they describe different parts of the same cooperative balance sheet. None of those measures alone is the story; together they show how the quarter moved.
This series uses a straightforward format: highlights first, then the narrative around assets, loans, member shares, credit, earnings, and net worth. The goal is to make the Q1 call-report movement readable as a data update for industry readers.