# SOUTH FLORIDA
MIAMI, FL · NCUA charter 23041 · asset band <$50M · latest filing 2019-09 · stopped filing after 2019-09 (departed; for a credit union that is almost always a merger)
Share link (named URL with a preview card): https://getbookiq.com/cu/south-florida-23041

Who the members are: federal charter, multiple common bond, organized 1978, low-income designated. 3,428 members of 10,284 potential (33.3% of the field); checking penetration 74% (share draft accounts per 100 members); loans per 100 members 44.

**Verdict on the desk:** this could be *ordinary*. Composite score 2 of 18 (one point per flag across 17 flags, capital below 7% counted twice).

## What the filing shows

| Measure | Value |
|---|---|
| Total assets | $27.3M |
| Members | 3,428 (-15.5% YoY) |
| Full-time staff | 8 |
| Net worth | $3.1M |
| Net worth ratio | 11.2% (p33 of band) |
| ROA (annualized) | 0.01% (p17 of band) |
| Total delinquency | 1.17% (p62 of band) |
| Net charge-offs (annualized) | 1.26% (p88 of band) |
| Loans / shares | 81% (p76 of band) |
| Cash / assets | 16.0% |
| Borrowings / assets | 0.00% |
| Net interest margin | 4.47% (p82 of band) |
| Operating expense / assets | 6.72% (p95 of band) |
| Vehicles % of loans | 25% (p14 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 27% |
| Third-party paper % of net worth | 43% (p93 of band) |
| Vehicle delinquency | 1.64% (p77 of band) |
| Vehicle NCO | 3.86% (p98 of band) |
| Repossessed % of vehicle book | 0.18% (p93 of band) |
| Real estate % of loans | 49% |
| Credit cards % of loans | 5% |
| Unsecured % of loans | 10% |
| Commercial % of net worth | 35% |
| Core shares % of member funds | 70% |
| Certificates % of member funds | 13% |
| Average share balance | $3,658 |
| Participations bought / yr | $0 |
| Participations sold / yr | $0 |
| Participations outstanding | – |
| Loans outstanding per 100 members | 44% |
| Loans granted per 100 members, annualized | 15% |
| Average loan balance | $12,966 |
| Loans granted, annualized | $3.3M |

## Flags firing in the latest filing

- **expense trap** (`earn_opex`)
- **members leaving** (`shrink_members`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 2 | expense trap, 3rd-party paper>100% NW |  |
| 2016-06 | 2 |  |  |
| 2016-09 | 2 |  |  |
| 2016-12 | 2 |  |  |
| 2017-03 | 5 | delinquency rising, repo signal, assets shrinking |  |
| 2017-06 | 5 | loan book shrinking | delinquency rising |
| 2017-09 | 4 |  | assets shrinking |
| 2017-12 | 7 | thin capital, net worth falling, losing money, assets shrinking | loan book shrinking |
| 2018-03 | 3 |  | 3rd-party paper>100% NW, thin capital, net worth falling, losing money |
| 2018-06 | 5 | delinquency rising, loan book shrinking |  |
| 2018-09 | 4 |  | delinquency rising |
| 2018-12 | 4 | delinquency rising | repo signal |
| 2019-03 | 7 | losing money, delinquency 2x band, charge-offs p90 |  |
| 2019-06 | 3 | members leaving | assets shrinking, delinquency rising, losing money, delinquency 2x band, charge-offs p90 |
| 2019-09 | 2 |  | loan book shrinking |

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

- 2026-03-19 [Power Financial Credit Union voted Best Credit Union in South Florida - CUInsight](https://news.google.com/rss/articles/CBMirwFBVV95cUxOS3RFdnhQYmgzMTU2RndrMFk1NkVnY2QwdHlCbkFHcnRfZ09qWnZuT3NPQkxjdmNVVHc0bHpCT0liNmxvOGRHM0Vubm9KOHdVNHZHVjlyUkFsYXdjUHdDcndtRkRsVkZCV2pPOUtRY0pCaDlMdXlTa19NdnRBOFlRUWtNdWc5T1JUMGVoSWxJTDJJaU1oRjVsS0s0RGIzRldKTFNOcGpkYlVfRFBXNGNN?oc=5) · CUInsight
- 2026-05-13 [Dozens of South Florida drivers receive free gas thanks to local credit union - CBS News](https://news.google.com/rss/articles/CBMiqAFBVV95cUxNR3hraWxoVmFXNU04dFFBT0NuR0U3bG0wV3hqWTJBQWNGMkZCUndxMTlmZ3VJZ2haSnJxem41RVlhUDBWYUZneS1ZbVhRc2hhV2V3MDBfaUE1b19kWGhKMlkwZTZWUkwwWERZdTBRcnJza1kxX3Rtd1Y2d0k5WXBuZUM0SUs4dGxON1h5SjIzVkhodV8xU01KQUV5bElUOVdES0ZrLWhBQVc?oc=5) · CBS News
- 2026-04-27 [Tropical Financial Credit Union - The Business Journals](https://news.google.com/rss/articles/CBMioAFBVV95cUxNVG5jWVluN3FrSFZGUldlQzNqMzVfdmFybkxKREZ3UFctUEU0djZIa19hbS1fMXVSbFJWeWhNeU1UQ1lvcXhsWnhGcUpxRTNNT3pwbS02Nkd5SVdWUXBqbjk5MW9kRXhJTWhKWko5cUN1N1dNRm5ZUVp0Z0o2MGRMRm9VNnp6bnNFTUZ4SWtQNlFLVkpLZ2prdHhpektfZTJB?oc=5) · The Business Journals
- 2026-06-09 [Southeastern Credit Union Appoints New Chief Financial Officer - Valdosta Today](https://news.google.com/rss/articles/CBMirwFBVV95cUxQbFZDMlo3MnBHQ3VPN3NNUFlZenNacU1QQ2E1OEJYZUtvTncwUEZDN2djNzFjR1hHSEg0aXdGdi0zZjJkcXItN3hkOUxSbWVzaWZnOWpkOFpKNGNwVnJqV05Wc1lUa3lxd2VaUXZoOV9OaV9WbHpmZlJlYnMtbmp4OFhITFhsQ25VX0N0R2hxVXdhd3Y4TlUzbTVaMDJfWEpzdmVPTURYek0tQlJfWEhF?oc=5) · Valdosta Today
- 2026-05-12 [Space Coast Credit Union expands South Florida presence with new Miami Gardens North branch - CUInsight](https://news.google.com/rss/articles/CBMizAFBVV95cUxNODZvcDI2cnZSWkhKQy0tdWd2M01NdXFhT2JjejJ5YzhzRTI0emhpanNuWmxwbXFGSGlrNnJvNGh0R19YbmZWZGc5LWlRdVluaEN5WEJodWxMWGpGM0g4Vk5UZVRaRk9Pb3NuYUFnd2FNRHMzeUlxQ2o0d2oybVRBSUJQbmswOXZKYjhXV2MzV1pjWmJTZVlINS1xN18xajJyeVJMdlFzQ0JBM1NUNFYxRVFjRXkxbW91WU0yN1BwX3V4NlhEcmZWOWkxTWI?oc=5) · CUInsight
- 2026-01-15 [‘The energy is unmatched’: HBCU marching bands battle it out in South Florida - Miami Herald](https://news.google.com/rss/articles/CBMiekFVX3lxTFA2X1RYQXNVNmlaTHpXazlvU29xelZxU1NtaG9sOEE5V29iV3pJckt5TUFJN1VOal9lQnJaTnp0Y0xFREQ4TUF5ZUJJN1BTLWkyNkNDa3BKMkJMOUZaNjVXZUhBb2Z1NVRoOENheFdPaDNBNEtmNHFyRURR0gF6QVVfeXFMTVRBbWlaenQySlU4LXFldk1HTGlvNXNaZURSbE1hal8xWXFWUFlSWjRSazhvTktSX0pieEpVOUN5TDRKWUVJY0UzQVk3WnZuMkloYkVDZ1Z5OC00eGh1dkxOanQ0d095LTROdUNpY0h0QVpwQVBQaVF2emc?oc=5) · Miami Herald
- 2026-02-02 [BUSINESS GROWTH CORNER: BRIGHTSTAR CREDIT UNION ENTERS THE MIAMI BEACH MARKET - City of Miami Beach (.gov)](https://news.google.com/rss/articles/CBMiqgFBVV95cUxNd3ZLVVFQVzdxWksxaU1xN05xX2lwLWVESi1pOXR1Y1A3WTlXRElmSEVLQXFMeVEtOThGMW1PbUVDOTJhOVBLYVlnOC1JQjBCQmw2MFVSMktPSkpqRmhVRkpYVU1sb2tSQ2hmTHl1aEpzYVZFX0cxQXFtNjhkNGJidWpHb1ZVazhxVkJRa0ZYLUJmejNmdHliZVBjZDVFbWVLcGo5U1l6VXZ1UQ?oc=5) · City of Miami Beach (.gov)
- 2025-10-26 [Memphis Tigers return to Top 25 following win over South Florida - WREG.com](https://news.google.com/rss/articles/CBMiiAFBVV95cUxOLS1DV0owVGk5Z24tc0g0aklNcEtyY3RBQlhiVEp4REFmaU83NkxvTmszU1Vmb0s5RmZwRHpCeUNOTTh6WnhZUXdxWTlqZ2JLbENjWXluMDg5YjRUN0llSF9FSmpjNnNhS1o0TUJxY3VQTDN6aUNqcXc2V0t2RjFsWTNWRUVOSjJL0gGOAUFVX3lxTE5aa3hmbzhpOWpQVzhtTTZJOE9LUkgwWWpSZmNlbVFCanVmNUN2VWd1UWcyTDFyOVBVTWozekJxV1VmSmJZYVJlTEltVDRSbUV4bGljbGpsN3JYTUl3a3laRmRoYjNtSU9qQ2JyS3ZIdFpVVVgxeU9uSXRmSDNIbVZPWmdfWVlBYXZoZmhoTkE?oc=5) · WREG.com

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=23041 (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/1.json (key "23041", 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=23041
- 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