# FINANCIAL ACCESS
BRADENTON, FL · NCUA charter 12238 · asset band <$50M · latest filing 2024-03 · stopped filing after 2024-03 (departed; for a credit union that is almost always a merger)
Share link (named URL with a preview card): https://getbookiq.com/cu/financial-access-12238

Who the members are: federal charter, multiple common bond, organized 1958, low-income designated, minority depository institution. 2,577 members of 50,672 potential (5.1% of the field); checking penetration 64% (share draft accounts per 100 members); loans per 100 members 244.

**Verdict on the desk:** this could be *participation buyer*. Composite score 4 of 18 (one point per flag across 17 flags, capital below 7% counted twice).

## What the filing shows

| Measure | Value |
|---|---|
| Total assets | $34.5M |
| Members | 2,577 (-1.0% YoY) |
| Full-time staff | 13 |
| Net worth | $6.4M |
| Net worth ratio | 18.4% (p74 of band) |
| ROA (annualized) | -6.00% (p2 of band) |
| Total delinquency | 0.39% (p42 of band) |
| Net charge-offs (annualized) | 0.67% (p81 of band) |
| Loans / shares | 50% (p34 of band) |
| Cash / assets | 48.7% |
| Borrowings / assets | 0.00% |
| Net interest margin | 3.83% (p55 of band) |
| Operating expense / assets | 14.98% (p99 of band) |
| Vehicles % of loans | 60% (p46 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 24% |
| Third-party paper % of net worth | 101% (p96 of band) |
| Vehicle delinquency | 0.62% (p57 of band) |
| Vehicle NCO | 0.93% (p89 of band) |
| Repossessed % of vehicle book | 0.00% (p46 of band) |
| Real estate % of loans | 25% |
| Credit cards % of loans | 6% |
| Unsecured % of loans | 13% |
| Commercial % of net worth | 3% |
| Core shares % of member funds | 86% |
| Certificates % of member funds | 6% |
| Average share balance | $6,057 |
| Participations bought / yr | $3.3M |
| Participations sold / yr | $0 |
| Participations outstanding | – |
| Loans outstanding per 100 members | 244% |
| Loans granted per 100 members, annualized | 57% |
| Average loan balance | $2,113 |
| Loans granted, annualized | $6.1M |

## Flags firing in the latest filing

- **losing money** (`earn_negative`)
- **expense trap** (`earn_opex`)
- **assets shrinking** (`shrink_assets`)
- **3rd-party paper>100% NW** (`str_thirdparty`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 3 | expense trap, repo signal, auto monoline |  |
| 2016-06 | 4 | leaning on borrowings |  |
| 2016-09 | 5 | net worth falling |  |
| 2016-12 | 4 | delinquency 2x band | expense trap, leaning on borrowings |
| 2017-03 | 8 | losing money, margin squeeze, delinquency rising, charge-offs p90 |  |
| 2017-06 | 5 |  | net worth falling, delinquency 2x band, margin squeeze |
| 2017-09 | 4 |  | delinquency rising |
| 2017-12 | 6 | delinquency 2x band, members leaving |  |
| 2018-03 | 6 | loan book shrinking | delinquency 2x band |
| 2018-06 | 7 | delinquency 2x band, assets shrinking | repo signal |
| 2018-09 | 10 | expense trap, delinquency rising, repo signal |  |
| 2018-12 | 8 |  | delinquency 2x band, delinquency rising |
| 2019-03 | 7 |  | losing money |
| 2019-06 | 5 |  | loan book shrinking, repo signal |
| 2019-09 | 5 |  |  |
| 2019-12 | 5 |  |  |
| 2020-03 | 7 | losing money, margin squeeze |  |
| 2020-06 | 7 | net worth falling | assets shrinking |
| 2020-09 | 6 |  | net worth falling |
| 2020-12 | 6 |  |  |
| 2021-03 | 5 | loan book shrinking | losing money, margin squeeze |
| 2021-06 | 4 |  | loan book shrinking |
| 2021-09 | 6 | margin squeeze, delinquency rising, loan book shrinking | auto monoline |
| 2021-12 | 5 |  | delinquency rising |
| 2022-03 | 4 |  | charge-offs p90 |
| 2022-06 | 7 | delinquency rising, 3rd-party paper>100% NW, auto monoline |  |
| 2022-09 | 7 | charge-offs p90 | delinquency rising |
| 2022-12 | 6 | assets shrinking | margin squeeze, loan book shrinking |
| 2023-03 | 6 | losing money | charge-offs p90 |
| 2023-06 | 5 |  | losing money |
| 2023-09 | 5 |  |  |
| 2023-12 | 3 |  | members leaving, 3rd-party paper>100% NW |
| 2024-03 | 4 | losing money, 3rd-party paper>100% NW | auto monoline |

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

- 2026-06-11 [Power Financial Credit Union Selects NCR Atleos Allpoint Network to Expand Cash Access - Yahoo Finance](https://news.google.com/rss/articles/CBMiowFBVV95cUxOZVN5b0VpeHJkLTJyeDRKQ01zeEVwME1KMnRKTS1GaXBuUkMwbHJLR1NvSDhHLVRKODRnT0gxcTljeVlWNnBZRFE1YUdPUjVuYURuVlVzanhhZmFIVHJFY3JOTmtWc0xHMDgtLUY2cHVPRTNmSWhneE1HUDVFRUFRamktX2EtREZxVFBaV2JmNXhtMERXaDBGN2NEWVBra1V0MHFV?oc=5) · Yahoo Finance
- 2025-09-24 [PenAir Credit Union expands partnership with NCR Atleos Allpoint Network - ATM Marketplace](https://news.google.com/rss/articles/CBMirgFBVV95cUxNX0RUeDE2UlVHSndCUVM4aVlNSTdVQ0FnRW5sR2JqNFloc3NfNE9MdFotZkVFb0FDT3ZxQ293MzBudTh6V2N3d3BCX0xYZWJDT0Rrb200V2FvR1VnWHVGaktrUUZTY04tRm41eWtnRVp1RC1XZDU4TkY1ME42Zzl2NkZJU1ZHb3ljZUVCbEtiMnhteGhyR1paVmMzX0RIMHplbGZ3X0dCdzhsYVk1SkE?oc=5) · ATM Marketplace
- 2026-06-11 [The League of Credit Unions & Affiliates honors industry leaders as 2025 Professionals of the Year - CUInsight](https://news.google.com/rss/articles/CBMi0wFBVV95cUxQdkZvd2xuY2VCTzlCQ0ZrTnRNNWNlMllYZGRKVEtRNDJXbTBIdFRaT3dXT3YxaHRFRFlIdVJYMklaRmVFcUtjSW82bExMWS1ubUxoRjVGdHFqMmNWcWhpNjJxMFVsTnpSZ1NkNERxUHdtRmZscmpob1FNSkpsN3lpeHFLby1uZW9DZlVWWnV0OHN0Q3dGazVCY053RmZPeHFIQVhLaHpvWXJCNXVNVlVzb1dkWVdKcy1RaVIzWjVOc0VSNTdhSjU0QU90MEFzV2UteGpn?oc=5) · CUInsight
- 2025-08-14 [Suncoast Credit Union Donates $250,000 to Support Fuse Scholarship Program at SPC and USF - St. Petersburg College](https://news.google.com/rss/articles/CBMixAFBVV95cUxNWVY4TzlUalgwTUNGMnNKMm5tZVk5cGVHYmY2cktOa0kxZUFHQ3plRWZsQml5QXBjLVhZaWlOV095NDNqSGFrc0NqZUJSZGtOV0pqR1NrRVdFNE5KaGd1ekkwNktyVkwzODVkVDVDZ1o2UGVvSEZYdWdfd29GQU9FR0xtZnJJR3Ywbm56WnRPRl9TcFg5RGxWTXN4OVhiNzVrV1huY2sxajJYOTVnUjM0Q0xMck12NkI2NHc0aFZqNUxNLUxJ?oc=5) · St. Petersburg College
- 2024-04-16 [Texas Trust Credit Union Helps Members from All Walks of Life Achieve Their Financial Goals - CardRates.com](https://news.google.com/rss/articles/CBMilAFBVV95cUxNYXhGSDFOTjRnV3VYMm1qQk9lSXNGYkpTYU03YXpuOE0zYk9HcU5CLXBhZmxRM0JzNFJHX2VBQlJuWnVLSGF5djVJTk04SE1aSlVsM3hsUk9lZXdvNXdPaklueFRrTVVhOXhUSWNGakYzb0xJZW1lZ1NjazZLX1NOLWhHUE16VHVfQkZmLTQzTzRoLUU0?oc=5) · CardRates.com
- 2021-07-12 [Bradenton CRAs Consider Loan Program - SRQ Magazine](https://news.google.com/rss/articles/CBMioAFBVV95cUxNQ2ViemtHakNPREg2YmNqa0RVUVZ0UmpLSDRwRlFrUWJnRDVCMkE2WFk3MkhWV2ZvUTBiMzF0SWJfdmJ3QW1xMl9GTGtaSnppMk5DS05scWw3MEhoWEpZMHZwOEZHekZCVUZLV1F2TERObzRTemV4ZEpDS2RhRVB5cElmZ3lYajNmVFhhWXhsdVlXaHdxMEVtNmdocU5PbS0y?oc=5) · SRQ Magazine
- 2024-02-27 [Merger Update: CEO Comp Nearly 10% of CU’s Assets. A Big Explanatory Infographic. A 1,000-Mile Reach, & More - cutoday.info](https://news.google.com/rss/articles/CBMi1wFBVV95cUxQZG9adXhjMnBDeXptNWw4UTRoWWt4MldRdFhReHpTNmdmdlZNcTgzbzk0LThQUFpoYWhBS3lQM3lZVzhHSzlkNkZXSGhFdDQycFJTMUhtRnRRaVpLRXFZRmpMcVVQRTdVR2JYOVcxV0M2QVB6NlBrd09YQkVuQzhwYWhaMGdMRWxlbWRaN1paT2Z2V3M0Qk5QM1pENnZFUlF5TVMyR2dUQXQ5RDM5eEtmRkF4a2RnUklxTEl3SFplRDZuUkFIRHMxN0tNVW00Y1h4T1JCcE5BQQ?oc=5) · cutoday.info
- 2024-05-20 [BUSINESS PEOPLE: DutchCrafters rewards top sales with award - Sarasota Herald-Tribune](https://news.google.com/rss/articles/CBMi0wFBVV95cUxPa2Y3bS1fdnJ6aTREb3FTZm5aXzRTQ2JRbDVfdm5sc0I0OUpKMldfM05RN1JpcnMxc2FkNWRkUl9DWGJ3NG94YXdzeWRsUFhtcE5XTmVmaUlpUlZ5S2lMRkVydV9oTUY1RlR3Qks0ay1WSUhZN0VZV3VYRUZSR2pFZUJfMHJYeWJBMjllLXh4YXhGUFphaUplSDMxTWtRVjVONno4TUszOFUxN0F2T1ZpYlZFNndTYm1nQ2VmYnlSVVpLYkxwTTFlREw5QWIyMDZMai1Z?oc=5) · Sarasota Herald-Tribune

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=12238 (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/14.json (key "12238", 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=12238
- 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