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
Call Report peers
Michigan Legacy in the assets neighbourhood
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
The busiest band is 85-89 (858 credit unions); Michigan Legacy sits in 80-84 with 767 others.
83 46th percentile higher than 46% of 4,374 credit unions
every scored credit union, bucketed by value
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Source NCUA 5300 Call Report aggregates · 2025Q4
Peer-gap read for Michigan Legacy
- Largest favorable gap: Loan-to-Share Ratio at 77.27% vs peer 72.20% (+5.07 pp).
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).
- One place up in Michigan, U.P. State (#115) ties at 83/100; one place down, Warren Municipal (#117) ties at 83/100.
Michigan Legacy: 2025Q4 → 2026Q1
Michigan Legacy: total assets by quarter
2023Q4 to 2026Q1, NCUA 5300
- Assets moved +5.0% from $213.0M (2025Q4) to $223.6M (2026Q1).
- Net-worth ratio shifted -0.46 pp (12.98% → 12.52%).
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
Michigan Legacy gives up 17 points in total. Member Growth costs the most, 15 of its 15; Net Worth Ratio and Return on Assets and Loan-to-Share Ratio score full marks.
- 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 |
Peer averages: $100M–$500M cohort, 1069 credit unions, 2025Q4 filing.
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
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
Frequently Asked Questions
Is Michigan Legacy financially healthy?
On its 2025Q4 NCUA 5300 filing, Michigan Legacy scores 83/100 (Excellent), with a 12.52% net worth ratio and 0.71% of loans delinquent. It ranks #2,277 of 4,374 nationally on health and #116 of 171 in Michigan.
How does Michigan Legacy compare to other credit unions?
Michigan Legacy scores 83/100, higher than 46% of the 4,374 scored credit unions. Against the 1069 peers in the $100M–$500M cohort, its widest edge is loan-to-share ratio (77.27% vs 72.20%).
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?
Michigan Legacy is a state-chartered credit union; its shares are federally 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."
Every figure on PlainCU is rendered directly from NCUA quarterly call report data, no number is typed in by an editor. See our editorial standards & corrections policy, the methodology behind these numbers, or report a data error.