# TOWN OF PALM BEACH
WEST PALM BEACH, FL · NCUA charter 16834 · asset band <$50M · latest filing 2021-12 · stopped filing after 2021-12 (departed; for a credit union that is almost always a merger)
Share link (named URL with a preview card): https://getbookiq.com/cu/town-of-palm-beach-16834

Who the members are: federal charter, government (single sponsor), organized 1965, low-income designated. 346 members of 450 potential (76.9% of the field); checking penetration 0% (share draft accounts per 100 members); loans per 100 members 37.

**Verdict on the desk:** this could be *too clean*. Composite score 10 of 18 (one point per flag across 17 flags, capital below 7% counted twice).

## What the filing shows

| Measure | Value |
|---|---|
| Total assets | $2.4M |
| Members | 346 (-7.5% YoY) |
| Full-time staff | 1 |
| Net worth | $176,633 |
| Net worth ratio | 7.3% (p9 of band) |
| ROA (annualized) | -2.34% (p2 of band) |
| Total delinquency | 0.00% (p9 of band) |
| Net charge-offs (annualized) | 1.44% (p95 of band) |
| Loans / shares | 40% (p37 of band) |
| Cash / assets | 36.5% |
| Borrowings / assets | 0.00% |
| Net interest margin | 2.72% (p64 of band) |
| Operating expense / assets | 5.15% (p92 of band) |
| Vehicles % of loans | 71% (p73 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 0% |
| Third-party paper % of net worth | 0% (p46 of band) |
| Vehicle delinquency | 0.00% (p19 of band) |
| Vehicle NCO | 0.00% (p27 of band) |
| Repossessed % of vehicle book | 0.00% (p47 of band) |
| Real estate % of loans | 0% |
| Credit cards % of loans | 0% |
| Unsecured % of loans | 23% |
| Commercial % of net worth | 0% |
| Core shares % of member funds | 75% |
| Certificates % of member funds | 1% |
| Average share balance | $5,476 |
| Participations bought / yr | $0 |
| Participations sold / yr | $0 |
| Participations outstanding | – |
| Loans outstanding per 100 members | 37% |
| Loans granted per 100 members, annualized | 21% |
| Average loan balance | $6,957 |
| Loans granted, annualized | $322,059 |

## Flags firing in the latest filing

- **thin capital** (`cap_low`)
- **net worth falling** (`cap_falling`)
- **losing money** (`earn_negative`)
- **expense trap** (`earn_opex`)
- **margin squeeze** (`earn_nim_squeeze`)
- **charge-offs p90** (`aq_nco_high`)
- **assets shrinking** (`shrink_assets`)
- **members leaving** (`shrink_members`)
- **loan book shrinking** (`shrink_loans`)
- **auto monoline** (`str_vehicle`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 1 | auto monoline |  |
| 2016-06 | 1 |  |  |
| 2016-09 | 1 |  |  |
| 2016-12 | 1 |  |  |
| 2017-03 | 1 |  |  |
| 2017-06 | 2 | delinquency 2x band |  |
| 2017-09 | 2 | loan book shrinking | delinquency 2x band |
| 2017-12 | 5 | net worth falling, margin squeeze, delinquency 2x band, delinquency rising | loan book shrinking |
| 2018-03 | 4 | charge-offs p90 | net worth falling, margin squeeze |
| 2018-06 | 3 |  | delinquency rising |
| 2018-09 | 3 | assets shrinking | delinquency 2x band |
| 2018-12 | 3 |  |  |
| 2019-03 | 2 |  | charge-offs p90 |
| 2019-06 | 3 | leaning on borrowings |  |
| 2019-09 | 3 | losing money | leaning on borrowings |
| 2019-12 | 5 | delinquency 2x band, delinquency rising |  |
| 2020-03 | 6 | charge-offs p90 |  |
| 2020-06 | 8 | net worth falling, margin squeeze, loan book shrinking | assets shrinking |
| 2020-09 | 8 |  |  |
| 2020-12 | 6 |  | delinquency rising, charge-offs p90 |
| 2021-03 | 8 | thin capital, charge-offs p90 |  |
| 2021-06 | 8 | members leaving | loan book shrinking |
| 2021-09 | 9 | loan book shrinking |  |
| 2021-12 | 10 | expense trap, assets shrinking | delinquency 2x band |

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

- 2024-05-27 [What's open and closed on Memorial Day 2024 in South Florida - wpbf.com](https://news.google.com/rss/articles/CBMijgFBVV95cUxOdzlnMW9ONWVWU3FPT2FlTHdlUld3TWhsNUVCa0hSOWgwVzVXYjMtbzBUX2s5U0tyQlp6SXhZY0VHRGx3YkFBZ25yWHFaXzYyZXA2TUFjU0FKTVdmLUNhNTd6b0JkT19zS3hnVXJBRU9WUkdlLUZpSXFjWk1mUVJwZzRvT1AxcUsyRFl5RWFB?oc=5) · wpbf.com
- 2024-09-09 [Boca Helping Hands and Florida Atlantic to Host a Tackle Hunger Cereal Drive During Hunger Action Month - fausports.com](https://news.google.com/rss/articles/CBMi4gFBVV95cUxPYzN0NXVKSmplVmV6bm03MGNoWENFVktZcmY1UXI5dmdkWVhseVE1MmFhb2hZRWlrX1JfdUVmb0psd1F6aGFMZ0kzZXk4SzhsQnZTTUR0QTJIRzUwTkFpOGFhdG1tWlg1LXk3X1FFZnZ2eDNZeGhIRXA5TlN6TFVnRW9vUkgwSGRVNVlMeDgxZWFqc00tUFpxNklUZ2YxWnAySzlwQmNpcWlsQlVkWXdONWxXZWJRMVRlM0FhX0locm0tRVEyZnEzOVpzazJMLXpydHgxUXdGNHVVWXM4b2F5R3R3?oc=5) · fausports.com
- 2024-06-21 [Meet the 2024 Power Leaders in Banking and Finance - The Business Journals](https://news.google.com/rss/articles/CBMirAFBVV95cUxQWDRLMWpTazY4bWVsQzdGMHJQU2FleHpqTFNDSEt2a0RtWFdwcDdOVEJtLV9Db3czRmttZmtjbEppM3kwd1ZLSkt6VEl5MElNWEZiYktaa1h3OWJGem5uaU0xejMxd05aci0zZTRROFFfeXhrblFzLUR0dVNtTGNReG11RVF1dXp6VS1yWWt1YmprVVFLaDREVkJnYU5Vc2I3QzRSTzRCakhzTXlG?oc=5) · The Business Journals
- 2017-10-20 [Palm Beaches Marathon releases route map - WPEC](https://news.google.com/rss/articles/CBMifkFVX3lxTE1yVjNYNEFDYm8wQVd3YlR3NkJhVXNwbDVZM3hrZEVrR1dNWFpNSnFBUE1yUm12ZVNKcVZteXBEcXdreTVZazM1eW5jQTJvNjM5S0pqenNCM1BMaDJNYTk0RVB2VllVRHp5UUhnaGVPWjY5VU9PSXUtdE5JbnNNQQ?oc=5) · WPEC
- 2026-07-28 [Palm Beach County Civil Filings – July 27, 2026 - Boca Post](https://news.google.com/rss/articles/CBMikwFBVV95cUxONllSQzZVaXo2eXJXWVZteGZaZ19CSlp1WXViZTdneTVDRktfRTRwRVNLX0QyOG9VWm1zNzkxZXVKNFJwVU1OY19DVjhtMUJvcHBoSUhva0duVUF4SHg2bXV5WVhhM3RsYnBtS0xQOU83REtvVl84RkMycEJTTkFqV1JpTVFRYjcyQnhoaV9HV0o0c2M?oc=5) · Boca Post
- 2002-06-15 [50-year members - The Florida Bar](https://news.google.com/rss/articles/CBMickFVX3lxTE54QTRSV1ZHNVRZSGFFRTV2ek9ndU8wOUMyWTVOY1pINk0tU3NHY2FJRUhST29mNGNNb1RzZEpGNzFzcG9UaURPQ3VRYXFJeUU5V0hOWkpmNnFIeVVHMWJJSzNrTW00RmdiZ1hERjM3b3FMUQ?oc=5) · The Florida Bar
- 2018-07-29 [Closures, cancellations throughout South Florida - wpbf.com](https://news.google.com/rss/articles/CBMijAFBVV95cUxNN3FEXzl3LU9VS3h1V0JrTmN6M2VzNWk3T1laNkxlMUF1VDJQUm9WYURDMlNOYzNUMWxablRWMWZRRENGQWZxNFR5RWkwbUFtUWV5ZkZTYWRFVVpKNTNZT01qY2JLTTZwVUJWVkRONkI2c040ZFBsZklKVkJiRXR4UDBUTjZkV04yZVRTUA?oc=5) · wpbf.com

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=16834 (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/2.json (key "16834", 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=16834
- 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.

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