State credit union · Wyandotte, Michigan · NCUA charter #62642
Michigan Legacy
Health score 83/100, grade A (Excellent) - from the NCUA 5300 Call Report, 2025Q4.
- 83
- Health / 100
- $213.0M
- Total assets
- 18,772
- Members
- 12.5%
- Net-worth ratio
Michigan Legacy scores 83/100 on PlainCU's health composite from NCUA 5300 Call Report data (2025Q4). Assets $213.0M; members 18,772; net-worth ratio 12.52%; health rank #2,277 of 4,374; healthier than 46th of scored peers.
5300 filing masthead
NCUA 5300 Call Report Masthead
#2,277 of 4,374 health · 2025Q4Michigan Legacy · health 83/100 · $213.0M · 2025Q4
- NW 83/100
- DELQ 12.5%
- ROA 0.71%
- ASSETS 0.67%
- MEM $213.0M
- RANK 18,772
- PHOTO #2,277/4,374
- BOOK Members Choice of Central Texas
- CHARTER 62642
Call Report peers
Michigan Legacy in the assets neighbourhood
Michigan Legacy's $213.0M assets sit next to Members Choice of Central Texas ($212.9M) on the assets neighbourhood; peer NAMES stay, and the masthead VALUES are this credit union's Call Report.
Subscribe to this credit union's financial changes (RSS) — one item per NCUA 5300 call report, no account required.
Michigan Legacy vs every NCUA-scored credit union
Where this credit union's health score sits among every federally insured CU with a scored NCUA 5300 filing
83 46th percentile higher than 46% of 4,374 credit unions
every scored credit union, bucketed by value
Each bar is a band; taller bars hold more credit unions. The dashed line + filled bar mark this entry. Hover or tap any bar for its full count and share, and where it sits relative to this entry.
Source NCUA 5300 Call Report aggregates · 2025Q4
Michigan Legacy - Share Insurance Coverage
Charter #62642's composite supervisory bracket and risk-based capital, as reported in the 2025Q4 NCUA Call Report. See our deposit-insurance coverage note for how NCUSIF protection works.
Peer-gap read for Michigan Legacy
- Largest favorable gap: Loan-to-Share Ratio at 77.27% vs peer 72.20% (+5.07 pp).
Peer averages are NCUA 5300 means for the $100M–$500M cohort (1069 CUs), 2025Q4 vintage - registry deltas only, not a join recommendation.
Michigan Legacy: in-state Call Report ranks
- In Michigan, health place is #116 of 171 on the same NCUA-ratio sort used nationally.
- By total assets, Michigan Legacy is #76 of 171 in Michigan.
- Membership ranks #67 of 171 among Michigan CUs with a reported count (18,772 members).
In-state ordinals use the live credit_unions table for MI only - ROW_NUMBER sorts match /rankings healthiest and largest, scoped to the state.
Michigan Legacy: 2025Q4 → 2026Q1
Michigan Legacy: total assets by quarter
4 Call Report filings on this page's own vintage chain
- Assets moved +5.0% from $213.0M (2025Q4) to $223.6M (2026Q1).
- Net-worth ratio shifted -0.46 pp (12.98% → 12.52%).
Trajectory uses quarterly_financials rows already on this page - same NCUA 5300 vintage chain, not a forecast.
12.52% net worth puts this credit union above the NCUA's 7.0% well-capitalized bar (Prompt Corrective Action rules).
How the 83/100 score is built
Each segment is a pillar's weighted contribution to the composite; widths sum to 83.
- Net Worth Ratio 30.0 pts
- Delinquency Rate 22.9 pts
- Return on Assets 15.0 pts
- Member Growth 0.0 pts
- Loan-to-Share Ratio 15.1 pts
Call Report ratios for Michigan Legacy
| Metric | Value | vs peer |
|---|---|---|
| Net Worth Ratio | 12.52% | +0.41 pp |
| Delinquency Rate | 0.71% | -0.18 pp |
| Return on Assets | 0.67% | +0.04 pp |
| Member Growth | -7.68% | - |
| Loan-to-Share Ratio | 77.27% | +5.07 pp |
Health score = weighted composite of the five NCUA ratios above. Scores based on NCUA 5300 Call Report Q4 2025 data. Peer group: $100M–$500M (1069 CUs).
Call Report history - Michigan Legacy
| Quarter | Assets | Members |
|---|---|---|
| 2026Q1 | $223.6M | - |
| 2025Q4 | $213.0M | 18,772 |
| 2024Q4 | $209.5M | 20,333 |
| 2023Q4 | $216.0M | 21,807 |
Credit Union Details
- Charter Number
- 62642
- Type
- State
- Field of Membership
- Other
- Peer Group
- $100M–$500M
- State
- Michigan
- City
- Wyandotte
- Data Quarter
- 2025Q4
Branch Locations (5)
The NCUA branch filing lists 5 physical offices for Michigan Legacy, spread across 5 cities.
| Office | City |
|---|---|
| Wyandotte Branch (Main Office) | Wyandotte, MI |
| Flat Rock Branch | Flat Rock, MI |
| Highland Branch | Highland, MI |
| Pontiac Branch | Pontiac, MI |
| Warren Branch | Warren, MI |
Source: NCUA Credit Union Branch Information, 2025Q4 filing.
Nearby Credit Unions in Michigan
A look at other Michigan credit unions, ranked by how closely their peer group and asset size match this one.
Other-state peers near Michigan Legacy
Cross-state asset and health neighbours for Michigan Legacy - kept outside Michigan; in-state CUs stay in the Nearby block.
Similar total assets
Nearest other-state credit unions with ≥$10M assets ($213.0M here).
Similar health score
Nearest other-state credit unions by five-factor health composite (83/100 here).
Using this data
- Michigan Legacy ranks #2,277 of 4,374 nationally on financial health and #116 of 171 in MI -- the national figure is a benchmark, not a prediction for how any specific account performs. National health rankings
- PARDA is a nearby credit union with a similar profile -- compare the two side by side before deciding where to bank. Compare with PARDA
- Rates and health both vary by institution, not just by state -- see how Michigan credit unions compare overall before assuming this one is typical. Michigan state overview
National and state figures are benchmarks built from NCUA 5300 Call Report data, not a recommendation for any individual account decision.
Frequently Asked Questions
Is Michigan Legacy financially healthy?
Michigan Legacy has a financial health score of 83/100 (Excellent) based on NCUA 5300 Call Report data as of Q4 2025. On the national health ranking (same basis as /rankings/healthiest), it sits at #2,277 of 4,374; by total assets it ranks #1,237 of 4,374 nationally (same basis as /rankings/largest); and #76 of 171 within Michigan. Scores above 80 indicate excellent financial health; scores below 50 may warrant closer monitoring. Key factors include net worth ratio of 12.52% and delinquency rate of 0.71%.
How does Michigan Legacy compare to other credit unions?
PlainCU's health composite puts Michigan Legacy at 83/100, compared to a peer group average for $100M–$500M credit unions. It's a weighted blend of five NCUA-reported figures: net worth ratio (30% of the score), delinquency rate (25%), return on assets (15%), member growth (15%), and loan-to-share ratio (15%).
What is a credit union health score?
A credit union health score is a composite rating (0–100) that combines five financial metrics reported to the NCUA: net worth ratio (capital adequacy), delinquency rate (loan quality), return on assets (profitability), member growth, and loan-to-share ratio (liquidity balance). Scores above 80 indicate excellent financial health; 60–79 is good; 40–59 is fair; below 40 is weak.
How can I join Michigan Legacy?
Membership eligibility for Michigan Legacy depends on its field of membership - currently: Other. Credit unions typically require a common bond such as employer, location, or association membership. Contact Michigan Legacy directly for current membership requirements and application steps.
Is my money safe at Michigan Legacy?
Federal credit unions like Michigan Legacy are insured by the National Credit Union Share Insurance Fund (NCUSIF), administered by the NCUA. Each individual depositor is insured up to $250,000, the same limit as FDIC-insured banks. Michigan Legacy's net worth ratio of 12.52% exceeds the 7% threshold NCUA considers "well capitalized."
What rates does Michigan Legacy offer compared to banks?
Credit unions like Michigan Legacy are not-for-profit cooperatives, which typically allows them to offer higher savings rates and lower loan rates than banks. Nationally, credit unions average 0.25–0.50% lower auto loan rates and 0.10–0.30% higher savings yields. Contact Michigan Legacy directly for current rates, or compare overall credit union vs bank rates on our rates comparison page.
Every figure on PlainCU is rendered directly from NCUA quarterly call report data, no number is typed in by an editor. Credit union figures are computed directly from NCUA quarterly call report data, no figure is typed in by an editor. See our editorial standards & corrections policy, the methodology behind these numbers, or report a data error.