State credit union · Grand Rapids, Michigan · NCUA charter #62340
PREFERRED
Health score 89/100, grade A (Excellent) - from the NCUA 5300 Call Report, 2025Q4.
- 89
- Health / 100
- $308.0M
- Total assets
- 23,514
- Members
- 14.0%
- Net-worth ratio
PREFERRED scores 89/100 on PlainCU's health composite from NCUA 5300 Call Report data (2025Q4). Assets $308.0M; members 23,514; net-worth ratio 14.00%; health rank #1,226 of 4,374; healthier than 69th of scored peers.
NCUA Call Report stamp band
NCUA 5300 Call Report Masthead
#1,226 of 4,374 health · 2025Q4PREFERRED · health 89/100 · $308.0M · 2025Q4
Call Report peers
PREFERRED in the assets neighbourhood
Subscribe to this credit union's financial changes (RSS) — one item per NCUA 5300 call report, no account required.
PREFERRED vs every NCUA-scored credit union
PREFERRED sits in the busiest band, 85-89, alongside 857 other credit unions.
89 Top 31% higher than 69% of 4,374 credit unions
every scored credit union, bucketed by value
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Source NCUA 5300 Call Report aggregates · 2025Q4
PREFERRED vs $100M–$500M peers
- Largest favorable gap: Net Worth Ratio at 14.00% vs peer 12.11% (+1.89 pp).
- Largest lag: Loan-to-Share Ratio at 60.43% vs peer 72.20% (-11.77 pp).
Where PREFERRED sits in Michigan
- In Michigan, health place is #53 of 171 on the same NCUA-ratio sort used nationally.
- Michigan assets place: #64 of 171.
- Michigan membership ordinal: #56 of 171.
- One place up in Michigan, Marquette Community (#52) ties at 89/100; one place down, TRI-CITIES (#54) ties at 89/100.
PREFERRED: 2025Q4 → 2026Q1
PREFERRED: total assets by quarter
2023Q4 to 2026Q1, NCUA 5300
- Assets moved +3.2% from $308.0M (2025Q4) to $317.9M (2026Q1).
- Net-worth ratio shifted -0.15 pp (14.15% → 14.00%).
At 14.00%, this credit union is above the 7.0% NCUA well-capitalized threshold under PCA rules.
How the 89/100 score is built
PREFERRED gives up 11 points in total. Member Growth costs the most, 8.7 of its 15; Net Worth Ratio and Delinquency Rate and Return on Assets score full marks.
- Net Worth Ratio 30.0 pts
- Delinquency Rate 25.0 pts
- Return on Assets 15.0 pts
- Member Growth 6.3 pts
- Loan-to-Share Ratio 12.7 pts
PREFERRED vs peer ratios
| Metric | Value | vs peer |
|---|---|---|
| Net Worth Ratio | 14.00% | +1.89 pp |
| Delinquency Rate | 0.44% | -0.45 pp |
| Return on Assets | 0.91% | +0.29 pp |
| Member Growth | -1.49% | - |
| Loan-to-Share Ratio | 60.43% | -11.77 pp |
Peer averages: $100M–$500M cohort, 1069 credit unions, 2025Q4 filing.
Historical Financials
| Quarter | Assets | Members |
|---|---|---|
| 2026Q1 | $317.9M | - |
| 2025Q4 | $308.0M | 23,514 |
| 2024Q4 | $289.6M | 23,870 |
| 2023Q4 | $268.8M | 24,411 |
Credit Union Details
- Charter Number
- 62340
- Type
- State
- Field of Membership
- Other
- Peer Group
- $100M–$500M
- State
- Michigan
- City
- Grand Rapids
- Data Quarter
- 2025Q4
Branch Locations (6)
The NCUA branch filing lists 6 physical offices for PREFERRED, spread across 6 cities.
| Office | City |
|---|---|
| Grand Rapids (Main Office) | Grand Rapids, MI |
| Belding | Belding, MI |
| Greenville | Greenville, MI |
| Hastings | Hastings, MI |
| Kalamazoo | Kalamazoo, MI |
| Ludington | Ludington, MI |
Source: NCUA Credit Union Branch Information, 2025Q4 filing.
Nearby Credit Unions in Michigan
More federally-insured credit unions based in Michigan, ordered by peer group match and asset size.
PREFERRED nationwide neighbourhoods
Similar total assets
Using this data
- PREFERRED ranks #1,226 of 4,374 nationally on financial health and #53 of 171 in MI -- the national figure is a benchmark, not a prediction for how any specific account performs. National health rankings
- Forest Area is a nearby credit union with a similar profile -- compare the two side by side before deciding where to bank. Compare with Forest Area
Frequently Asked Questions
Is PREFERRED financially healthy?
On its 2025Q4 NCUA 5300 filing, PREFERRED scores 89/100 (Excellent), with a 14.00% net worth ratio and 0.44% of loans delinquent. It ranks #1,226 of 4,374 nationally on health and #53 of 171 in Michigan.
How does PREFERRED compare to other credit unions?
PREFERRED scores 89/100, higher than 69% of the 4,374 scored credit unions. Against the 1069 peers in the $100M–$500M cohort, its widest edge is net worth ratio (14.00% vs 12.11%). Its widest shortfall is loan-to-share ratio (60.43% vs 72.20%).
How can I join PREFERRED?
Membership eligibility for PREFERRED depends on its field of membership - currently: Other. Credit unions typically require a common bond such as employer, location, or association membership. Contact PREFERRED directly for current membership requirements and application steps.
Is my money safe at PREFERRED?
PREFERRED 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. PREFERRED's net worth ratio of 14.00% 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.