# SUNSTATE
Gainesville, FL · NCUA charter 11789 · asset band $500M-1B · latest filing 2020-12 · stopped filing after 2020-12 (departed; for a credit union that is almost always a merger)
Share link (named URL with a preview card): https://getbookiq.com/cu/sunstate-11789

Who the members are: federal charter, community charter, organized 1957, low-income designated. 40,354 members of 500,144 potential (8.1% of the field); checking penetration 76% (share draft accounts per 100 members); loans per 100 members 64.

**Verdict on the desk:** this could be *indirect buyer*. Composite score 1 of 18 (one point per flag across 17 flags, capital below 7% counted twice).

## What the filing shows

| Measure | Value |
|---|---|
| Total assets | $587.1M |
| Members | 40,354 (5.8% YoY) |
| Full-time staff | 148 |
| Net worth | $60.9M |
| Net worth ratio | 10.4% (p64 of band) |
| ROA (annualized) | 1.02% (p89 of band) |
| Total delinquency | 0.49% (p51 of band) |
| Net charge-offs (annualized) | 0.44% (p71 of band) |
| Loans / shares | 81% (p61 of band) |
| Cash / assets | 8.4% |
| Borrowings / assets | 0.00% |
| Net interest margin | 3.33% (p93 of band) |
| Operating expense / assets | 3.55% (p70 of band) |
| Vehicles % of loans | 35% (p53 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 65% |
| Third-party paper % of net worth | 156% (p63 of band) |
| Vehicle delinquency | 0.41% (p54 of band) |
| Vehicle NCO | 0.49% (p50 of band) |
| Repossessed % of vehicle book | 0.06% (p67 of band) |
| Real estate % of loans | 31% |
| Credit cards % of loans | 6% |
| Unsecured % of loans | 12% |
| Commercial % of net worth | 102% |
| Core shares % of member funds | 55% |
| Certificates % of member funds | 12% |
| Average share balance | $5,530 |
| Participations bought / yr | $0 |
| Participations sold / yr | $1.0M |
| Participations outstanding | – |
| Loans outstanding per 100 members | 64% |
| Loans granted per 100 members, annualized | 43% |
| Average loan balance | $16,361 |
| Loans granted, annualized | $192.3M |

## Flags firing in the latest filing

- **3rd-party paper>100% NW** (`str_thirdparty`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 0 |  |  |
| 2016-06 | 0 |  |  |
| 2016-09 | 0 |  |  |
| 2016-12 | 0 |  |  |
| 2017-03 | 0 |  |  |
| 2017-06 | 0 |  |  |
| 2017-09 | 0 |  |  |
| 2017-12 | 0 |  |  |
| 2018-03 | 2 | net worth falling, 3rd-party paper>100% NW |  |
| 2018-06 | 1 |  | net worth falling |
| 2018-09 | 1 |  |  |
| 2018-12 | 1 |  |  |
| 2019-03 | 1 |  |  |
| 2019-06 | 1 |  |  |
| 2019-09 | 1 |  |  |
| 2019-12 | 3 | net worth falling, delinquency rising |  |
| 2020-03 | 3 |  |  |
| 2020-06 | 3 |  |  |
| 2020-09 | 1 |  | net worth falling, delinquency rising |
| 2020-12 | 1 |  |  |

## In the news (Google News, unfiltered, newest first; check the city)

- 2020-12-11 [SunState Federal Credit Union to change its name - WCJB](https://news.google.com/rss/articles/CBMiiAFBVV95cUxPMWhwdTBMMjRQSDVKNkN1WnFNNmxTYUVpTzVLSnVHTUxrM3hVODlOMm9GV0YtQTh1ZkduQnM5UUR2eEZKQTE1WERQVXZ4d2p2blJfaUlQdVV6TDRNSkRVSndkVENBMzFua0lXNkdRMDAzRGQ4d3dYRE9Iald0bTF3MjM5Uk5fc3l40gGcAUFVX3lxTFAwZ04tcUd3M283YW9ScENlNW1xdnE5TFhaazZYRjFUNWRUdVNiV3hNeEtJa0NMaEdPUEc4R0M0czRHdlJoaDVSV2NsWkNtUFk0WEtxclNyUEgwQVZubi00VGNoQUJsTUcyVEVhMkdLbmJEdkE2Vk9tSXNsQXNBTzdJdkMtLU52VVM5YS1QeEltaE5iN05HSEdVRXRxQg?oc=5) · WCJB
- 2020-12-12 [SunState Federal Credit Union to become state chartered Radiant Credit Union - Mainstreet Daily News Gainesville](https://news.google.com/rss/articles/CBMi8wFBVV95cUxOSkpHQ0dPLXlLSUNyVWcxU2Ftb2tjaFFReDhfMWRiUlFERk9lcGxNMjF0ODBKci1rSG5YVzJQRFZzajB3b3ZzdFR3SFBEb3pib3BBSDQ0NXB6U1hBSENFM0FFcmY1ZE5iZWlmTXMtcnAwV0l4V0hZNUNJeUNhYXp4X1ppZVVaTHVtN2RiaEJuOXpqYzdDc0hmdU04RFFyR2JpQlBzZU5uT25veFNERzdyQUVpcnUzVEl5LTBTQmRDdjdzQWJNS0xwbk9TaXhuc0ttYnMwQ1A5c0M5UzJTQWRIWW1ITHFOZ2JKWnBSa0lwMXJJWVk?oc=5) · Mainstreet Daily News Gainesville
- 2024-12-31 [54 Hispanic American-Owned Banks and Credit Unions, Sorted by State - businessinsider.com](https://news.google.com/rss/articles/CBMiogFBVV95cUxNNmt0RG9HN2paQWIzZFhYT1ZrSzJMMFB4RXpMdnRZRThiZUFoLUlDVWJUWmQwYVBTZ3NQNU9JRVJHcG9QZUZuTklnUlc1MzFncHhidzRmc0p6RFRXYm43WlUzT2RvckFKUGNiNEpIU1hzbkozLWtVX2p1V1ZCNVZiNmN4T2lKMXpGU3RVTkpGbWhsa0E0SXZ4WlBUMnVhTFAzcVE?oc=5) · businessinsider.com
- 2011-05-16 [@WORK Profile: Jim Woodward - Gainesville Sun](https://news.google.com/rss/articles/CBMikgFBVV95cUxORC1QLTNvc2gwcTZIM1lQX0hZc3BGU0lGR1VueF9Xdm9mNS04bjhWcXBUQlF4ajhjS2F5dkpQOVRITEYyYW1JcWN6eTlhNmUxaVhBUlpZblNKNGotbTRzMmwtdEpqV0RNbXZqLUVId0RCZTM2NTU4aEdEazFzWndJbkNLYzRtOGRaQWtMaloxVDVNUQ?oc=5) · Gainesville Sun
- 2020-05-13 [SunState Federal Credit Union Prepares for Safe Opening of Lobbies - WCJB](https://news.google.com/rss/articles/CBMitgFBVV95cUxQN3NibkEzWTNMdFlYZzNha0NLWHVIb0pHVlEyanZjdmdiMVF4aktJWFFMWW52enlLVW9YT3dMWVhucnBLQm0welBHMFlUX3d5SE5NQ1BONC13UXAyTzlyMmlkOW1aUUh6NlZLdGJEbUNsVHlzb09WOGY5a3haNGdVb09uSHBCQTFYa2dCLUswTDZ6bTFtMXBCOUdmMlM1Yjh6ZS11ZFBwWVRFM1dsblFmVHVRSWtudw?oc=5) · WCJB
- 2004-08-30 [Capital figure - Gainesville Sun](https://news.google.com/rss/articles/CBMigwFBVV95cUxNbUtRblNRN2twcEZ6TUlkVlI5VlVXWE5sVW0zMHdOQjc5eV9PUWdUR3FhWmk3bHZTZDVTOFkzY1hJSmpScWJ2TmxsNmowNFhQcDJydDFYZ1JxT2doNDctMFFQVm9zMGhPdEtRdG9mLWtWdDZlUTV6OFc0NVJabmJjYUEtdw?oc=5) · Gainesville Sun
- 2026-06-22 [Kimberly Elaine "Kim" Edmond - legacy.com](https://news.google.com/rss/articles/CBMihAFBVV95cUxQeVBid2hmaEtUQWloVTlqV1otR2pTeFk4RTh3QlVKTllJcS1OeE5IUDlZWTNqdmRPM2FaaGtNbGZiRkhSUE5qMC0xeFc1WXJrOEtXVkQxVDdvSVRKTXYxcFhJRUdzek1oZ2ZHUU9YVkFTVlJsS2hDSGJPRnBEbFZyV2FWTWM?oc=5) · legacy.com
- 2020-03-16 [SunState FCU closing two offices during coronavirus event - Mainstreet Daily News Gainesville](https://news.google.com/rss/articles/CBMi1AFBVV95cUxPYXBfWjU2Mkl2bGpOTkRvWDZrbGFOVDdtNVktSmpFekFvLVVtMUltV21tTG56U0FBLWpsZzdkQzM0NGlJWjN3ZEhHaUhrMmdCT3Ywdk9wN1FEVnliS08zZ01uWmljMW90VWpXOHJNb0hmTThma2c1Q2hiTUtOWGlxSENxWGhUdjIwdElDb0hMTUtNSkxTLUFUSFJtZ04yMnJxcVB0YnZNQzBVMkxLcjBTOXBybzNPckJjNHc2WTFYRlZpQXItRzRscnFjTXVPb2JPT0tPZQ?oc=5) · Mainstreet Daily News Gainesville

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=11789 (every cell opens its formula and NCUA account codes; the News tab is the same search)
- Latest row, JSON: https://getbookiq.com/cu-intel/data/summary.json · history: https://getbookiq.com/cu-intel/data/h/13.json (key "11789", columns cycle, assets, loans, shares, networth, nwr, roa, total_dq_pct, total_nco_pct, vehicle, veh_pct_loans, indirect, ind_pct_veh, ind_veh, ind_re, ind_comm, ind_other, ind_pct_loans, loans_n, granted_n_ytd, granted_ann, loan_pen, granted_pen, avg_loan_bal, loans_per_fte, veh_part, tp_pct_nw, veh_dq_pct, veh_nco_pct, repo_pct_veh, members_yoy, ltos, cash_pct, borrow_pct, nim_pct, opex_pct, risk_score, members, fte, cash_total, invest_sec, allowance_eff, int_income_ytd, int_exp_ytd, provision_eff_ytd, nonint_income_ytd, nonint_exp_ytd, net_income_ytd, n_flags, re_pct_loans, cc_pct_loans, comm_pct_loans, cert_pct_shares, core_pct_shares, part_buy_ann, part_sell_ann, pot_members, sh_draft_n, chk_pen, fom_pen, flags)
- Participation history: https://getbookiq.com/participation-desk/#cu=11789
- Field definitions: https://getbookiq.com/dictionary/#cu-ltos and the rest of the credit union dictionary
- Source: NCUA 5300 call report bulk files. Income fields are annualized by cycle month (Mar x4, Jun x2, Sep x4/3, Dec x1). Percentiles are within the asset band in the same quarter.

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Rendered 2026-09-10 from the desks' own data files. Full guide: https://getbookiq.com/guide