# USF FEDERAL CREDIT UNION
Tampa, FL · NCUA charter 24223 · asset band $1-10B · latest filing 2026-03 · live
Share link (named URL with a preview card): https://getbookiq.com/cu/usf-federal-credit-union-24223

Who the members are: federal charter, multiple common bond, organized 1985, low-income designated. 79,919 members of 802,455 potential (10.0% of the field); checking penetration 53% (share draft accounts per 100 members); loans per 100 members 60.

**Verdict on the desk:** this could be *indirect buyer*. Composite score 3 of 18 (one point per flag across 17 flags, capital below 7% counted twice).

## What the filing shows

| Measure | Value |
|---|---|
| Total assets | $1.37B |
| Members | 79,919 (4.2% YoY) |
| Full-time staff | 216 |
| Net worth | $147.5M |
| Net worth ratio | 10.8% (p53 of band) |
| ROA (annualized) | 0.25% (p12 of band) |
| Total delinquency | 0.80% (p68 of band) |
| Net charge-offs (annualized) | 0.99% (p84 of band) |
| Loans / shares | 100% (p89 of band) |
| Cash / assets | 7.4% |
| Borrowings / assets | 5.17% |
| Net interest margin | 3.68% (p75 of band) |
| Operating expense / assets | 3.60% (p70 of band) |
| Vehicles % of loans | 45% (p84 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 78% |
| Third-party paper % of net worth | 313% (p86 of band) |
| Vehicle delinquency | 0.81% (p68 of band) |
| Vehicle NCO | 1.44% (p72 of band) |
| Repossessed % of vehicle book | 0.12% (p64 of band) |
| Real estate % of loans | 41% |
| Credit cards % of loans | 4% |
| Unsecured % of loans | 8% |
| Commercial % of net worth | 39% |
| Core shares % of member funds | 31% |
| Certificates % of member funds | 24% |
| Average share balance | $8,114 |
| Participations bought / yr | $144.9M |
| Participations sold / yr | $0 |
| Participations outstanding | $218.0M |
| Loans outstanding per 100 members | 60% |
| Loans granted per 100 members, annualized | 18% |
| Average loan balance | $24,335 |
| Loans granted, annualized | $460.6M |

## Participation posture (from the same filings)

Bought $144.9M and sold $0 in the latest annualized quarter; $218.0M outstanding purchased (147.8% of net worth), $2.3M sold and retained. Sold in 0 and bought in 7 of the last 8 quarters. Shares 11.9% year over year.

## Flags firing in the latest filing

- **loans>95% of shares** (`str_ltos`)
- **leaning on borrowings** (`str_borrowings`)
- **3rd-party paper>100% NW** (`str_thirdparty`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 0 |  |  |
| 2016-06 | 1 | 3rd-party paper>100% NW |  |
| 2016-09 | 1 |  |  |
| 2016-12 | 1 |  |  |
| 2017-03 | 1 |  |  |
| 2017-06 | 1 |  |  |
| 2017-09 | 1 |  |  |
| 2017-12 | 1 |  |  |
| 2018-03 | 1 |  |  |
| 2018-06 | 1 |  |  |
| 2018-09 | 1 |  |  |
| 2018-12 | 2 | loans>95% of shares |  |
| 2019-03 | 1 |  | loans>95% of shares |
| 2019-06 | 1 |  |  |
| 2019-09 | 2 | delinquency rising |  |
| 2019-12 | 2 | loans>95% of shares | delinquency rising |
| 2020-03 | 4 | net worth falling, leaning on borrowings |  |
| 2020-06 | 2 |  | loans>95% of shares, leaning on borrowings |
| 2020-09 | 2 |  |  |
| 2020-12 | 2 |  |  |
| 2021-03 | 2 |  |  |
| 2021-06 | 2 |  |  |
| 2021-09 | 2 |  |  |
| 2021-12 | 3 | thin capital |  |
| 2022-03 | 3 | loans>95% of shares | net worth falling |
| 2022-06 | 4 | leaning on borrowings |  |
| 2022-09 | 5 | net worth falling |  |
| 2022-12 | 4 |  | net worth falling |
| 2023-03 | 4 |  |  |
| 2023-06 | 4 | delinquency rising | thin capital |
| 2023-09 | 4 |  |  |
| 2023-12 | 4 |  |  |
| 2024-03 | 4 |  |  |
| 2024-06 | 3 |  | delinquency rising |
| 2024-09 | 3 |  |  |
| 2024-12 | 4 | thin capital |  |
| 2025-03 | 3 |  | thin capital |
| 2025-06 | 3 |  |  |
| 2025-09 | 4 | net worth falling |  |
| 2025-12 | 4 |  |  |
| 2026-03 | 3 |  | net worth falling |

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

- 2026-03-23 [Brunch on the Bay: A delicious way to celebrate students - University of South Florida Sarasota-Manatee](https://news.google.com/rss/articles/CBMifkFVX3lxTE5oNjY2WkEzaXNrcnR4Z1dDd1Iwa3hFVXRPOHpTLVpqcHVXeWpva1BoTWR3S2JZS0NfbEVndDNobHpsZXBpM0l3aE4xNUg5QnVERXBwQk5qdmt0T2tWeS1zTS1GLXNXbVhQRWppaEV2TXBORlh2Z2x3ZEh1SHdFUQ?oc=5) · University of South Florida Sarasota-Manatee
- 2026-04-17 [USF credit union was the fastest-growing in Tampa Bay last year - The Business Journals](https://news.google.com/rss/articles/CBMilAFBVV95cUxNVUZsVzNBVkVHQmRKRDRBOGp1Sy1udWJCeTVYNEJzZ3FnUVo4a1RXMFk2VG5ad2tWdVFicVY4RDh3M28yeVpBMHZXXzBBUFlYRlJiYjQybXExVEtsN1laYlAtWUdLQm4wOXlOYV9SUGdyNXN6OGhnYUVmRmFMSmtyWW1td3NGdGtubUJwRmZEQS1HMXMx?oc=5) · The Business Journals
- 2025-12-17 [Spotlight On: Richard Sellwood, Senior Vice President & COO, USF Credit Union - Capital Analytics Associates](https://news.google.com/rss/articles/CBMisgFBVV95cUxNZGtzYnBMTzhBWF9RYk81Y20yTWRTdjZBMDRsWFZoeldlMUEwOEZNVV9mQ0FhRlpoU2NwZTA0bTJ6cC1qVWtXYTAtbUVjdDJuM0hLeHZOS1N1TW9fVWdZWTU2OXNKbF9TTnlKaDFTQmJrdUd1b3ZIY1E3NGR6UDR1VVN4ZHo3OW9TdlpYTkEzVWdSNnlFZnJTYjd0OEhweHJDRUpCY3Z4bmxZNmpzVkJaSmtR?oc=5) · Capital Analytics Associates
- 2025-10-03 [USF Credit Union expands outside Tampa Bay for first time - Business Observer](https://news.google.com/rss/articles/CBMimwFBVV95cUxPT0FnTUo4MFg2NHB2amNKWmpURlIxeGNYTEYtNTRHeEtyWTdKeHhHeEFjQlBYVGlOWUdyc3Yza21GdndldnVFT1MtTmUyUVB0RVViNW16WklPMFllekg3RVI1eHloTk5NOGVDSnRqbWJfeVA4T3VZQ1FRdk9vUHhxTVF3UE93eE9DRlY0bzAtQTVROEN0eHl5dUxSOA?oc=5) · Business Observer
- 2026-07-10 [Banking on Cannabis - Florida Trend](https://news.google.com/rss/articles/CBMidEFVX3lxTE5IaHRkVUFndkphRHVSSlZ2M2hNQnloNGR4QkN3VWY5UXRLdzE2RDV3d0lRa2Nzd05EeU1wcmJSd2RwUVJYdWZQaDRuM296TmMyWVJOYlJlSzNtTmNLckI2Z2o4c0IzaFJBUEoyQ3lHUk5HM3pp?oc=5) · Florida Trend
- 2026-04-30 [Bill Lombardo shares his rule-bending successes at Conversation with a CEO - University of South Florida](https://news.google.com/rss/articles/CBMikAFBVV95cUxQeEJMaVczNE5uZzB1X3VOUGFsbW81VlRUZVlmSFNYcEx3TjlVeXRHNHpCRUo4WjFPSUhyUmlrWU5SV0ZGdnJiX043ZW9ZcUQ3OUpCYmtEOGN3dmFyNXBGbU81emhKQ2xkZWk2WTExR3RUa2p1ZFVPak5uSGF2ZmdrR1Y0ZnUwWmFrRnBqTVZ1NEU?oc=5) · University of South Florida
- 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
- 2025-07-18 [Credit Union on Clark Road robbed for second time in a month; suspect sought - ABC7 WWSB](https://news.google.com/rss/articles/CBMikAFBVV95cUxPUUJ0V2FNQzN5ekxBano0M3kwclBCdGcwT0dDZlVOemdNeU0tUzZXNWtMNi1KaEEzM0IybU0wMVBkTHJ5Wi1iOXJtMEl5Rk42UjQ4cEhFVTdlbmIwYTJfTVVKWmgxZU96V2t3OFV5Rzlla1hJaVhRZGZsWi0yeFlHMXJWSHhMSUZKV2wyNkdjQk0?oc=5) · ABC7 WWSB

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=24223 (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/31.json (key "24223", 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=24223
- 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