# KEYS
Key West, FL · NCUA charter 4135 · asset band $200-500M · latest filing 2026-03 · live
Share link (named URL with a preview card): https://getbookiq.com/cu/keys-4135

Who the members are: federal charter, community charter, organized 1940. 18,108 members of 75,000 potential (24.1% of the field); checking penetration 78% (share draft accounts per 100 members); loans per 100 members 69.

**Verdict on the desk:** this could be *ordinary*. 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 | $257.9M |
| Members | 18,108 (-1.0% YoY) |
| Full-time staff | 49 |
| Net worth | $28.2M |
| Net worth ratio | 10.9% (p45 of band) |
| ROA (annualized) | 0.02% (p7 of band) |
| Total delinquency | 0.99% (p79 of band) |
| Net charge-offs (annualized) | 1.73% (p98 of band) |
| Loans / shares | 79% (p63 of band) |
| Cash / assets | 14.4% |
| Borrowings / assets | 0.00% |
| Net interest margin | 4.50% (p93 of band) |
| Operating expense / assets | 4.52% (p83 of band) |
| Vehicles % of loans | 31% (p45 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 3% |
| Third-party paper % of net worth | 20% (p31 of band) |
| Vehicle delinquency | 1.61% (p89 of band) |
| Vehicle NCO | 1.39% (p82 of band) |
| Repossessed % of vehicle book | 0.22% (p86 of band) |
| Real estate % of loans | 40% |
| Credit cards % of loans | 6% |
| Unsecured % of loans | 17% |
| Commercial % of net worth | 18% |
| Core shares % of member funds | 68% |
| Certificates % of member funds | 19% |
| Average share balance | $6,584 |
| Participations bought / yr | $0 |
| Participations sold / yr | $0 |
| Participations outstanding | $5.2M |
| Loans outstanding per 100 members | 69% |
| Loans granted per 100 members, annualized | 15% |
| Average loan balance | $14,106 |
| Loans granted, annualized | $70.6M |

## Participation posture (from the same filings)

Bought $0 and sold $0 in the latest annualized quarter; $5.2M outstanding purchased (18.6% of net worth), $0 sold and retained. Sold in 0 and bought in 0 of the last 8 quarters. Shares -3.0% year over year.

## Flags firing in the latest filing

- **charge-offs p90** (`aq_nco_high`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 3 | thin capital, capital below 7% |  |
| 2016-06 | 1 |  | capital below 7% |
| 2016-09 | 1 |  |  |
| 2016-12 | 1 |  |  |
| 2017-03 | 2 | delinquency rising |  |
| 2017-06 | 1 |  | delinquency rising |
| 2017-09 | 2 | delinquency rising |  |
| 2017-12 | 1 |  | delinquency rising |
| 2018-03 | 5 | net worth falling, delinquency rising, charge-offs p90, repo signal |  |
| 2018-06 | 6 | losing money |  |
| 2018-09 | 4 |  | net worth falling, delinquency rising |
| 2018-12 | 4 | delinquency rising | repo signal |
| 2019-03 | 2 |  | losing money, delinquency rising |
| 2019-06 | 3 | repo signal |  |
| 2019-09 | 2 |  | repo signal |
| 2019-12 | 2 | delinquency rising | thin capital |
| 2020-03 | 2 | thin capital | delinquency rising |
| 2020-06 | 5 | net worth falling, margin squeeze, delinquency rising |  |
| 2020-09 | 4 |  | delinquency rising |
| 2020-12 | 4 |  |  |
| 2021-03 | 4 |  |  |
| 2021-06 | 4 |  |  |
| 2021-09 | 3 |  | net worth falling |
| 2021-12 | 3 |  |  |
| 2022-03 | 4 | 3rd-party paper>100% NW |  |
| 2022-06 | 3 |  | margin squeeze |
| 2022-09 | 3 |  |  |
| 2022-12 | 3 |  |  |
| 2023-03 | 3 | delinquency rising | 3rd-party paper>100% NW |
| 2023-06 | 3 | assets shrinking | thin capital |
| 2023-09 | 3 |  |  |
| 2023-12 | 3 |  |  |
| 2024-03 | 2 |  | delinquency rising |
| 2024-06 | 2 |  |  |
| 2024-09 | 1 |  | assets shrinking |
| 2024-12 | 3 | delinquency 2x band, delinquency rising |  |
| 2025-03 | 1 |  | delinquency 2x band, delinquency rising |
| 2025-06 | 1 |  |  |
| 2025-09 | 3 | delinquency 2x band, delinquency rising |  |
| 2025-12 | 2 |  | delinquency rising |
| 2026-03 | 1 |  | delinquency 2x band |

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

- 2025-10-24 [KEYS FEDERAL CREDIT UNION TURNS 85; GETS NEW DIGS ON STOCK ISLAND - keysweekly.com](https://news.google.com/rss/articles/CBMilgFBVV95cUxQSGk4V2JEQzF1WXUwVlhaYk1ueU5SRkIzbTd5a2ZhdkpzWU5JeEhJZjJHOHFVYUFETW5yOUdJNGxmcVJuOGJOZHpsR0stMk1oZFFfbU1KU1lUeGxaWHloRG05OFZ6Tm91ZTVSQVY3TjJWbG9qLVhPb3pJNFFhWnVGRDhRdVRuLVBhSkh5UVBtOTY0cFdLYmc?oc=5) · keysweekly.com
- 2026-06-26 [‘I absolutely love it here.” Navy base commander Capt. Colin Thompson is home in Key West - keysweekly.com](https://news.google.com/rss/articles/CBMisgFBVV95cUxOcUtrazRKVlpKQjIxVG9KVGxmaElGbHdhcVJ1blR2Z3AtdzZuYVhBT2N6NXM3ZTJSQ2szeWg5YmJHX2E3eXcxTC0yZ0dIYnpKMnVRWHpzdHN1MW41dU84d1VkX2F0eG9wV21PMVpVMjVZam1TeTZiRzlENWI4NU45UUF0Mm1LUUNUODQxMmZCZkhJMjlpODZlb0d2WmREYVh6NWpodWpIeWVJbXUtQUxNMmxR?oc=5) · keysweekly.com
- 2024-11-22 [Man arrested in Keys Credit Union robbery, deputies say - WPLG Local 10](https://news.google.com/rss/articles/CBMiowFBVV95cUxOTHpaNnAySnRUYjM3VXV6Rl8yZUxjQUc1VE5DYzNEeExCV3MwQTd2dDFuUnI4bTRCX1lfRE9QOGFCQUVQRWFpQ3JwbFZLZ1VFWFlVcVBnMXBSX0c1UHlTU0ZsN2N2ekZkTmV5VTVaTmphR0ZYVXZ5c1VkcW5BZmpWQjNKQW15RlJ1aXFaZFVDUzV2S0lUWUxmenhFNXRrWEpLZXU4?oc=5) · WPLG Local 10
- 2025-12-31 [The Black Keys Setlists 2022 - JamBase](https://news.google.com/rss/articles/CBMiaEFVX3lxTE9OMDZ3eThib3l5cnc0dnBLeXkwaUs4blkxSVcwRGxHS2dRY1JTRzZnRWNRWUtwQndEZE5wMkx5QW14ek1fd1pFN0hlU2RzTXIzb1RrRHZkNzE3bTJyNUFjTmxINjFBWHEy?oc=5) · JamBase
- 2024-11-22 [Man arrested in credit union robbery Shannon Joseph Gayton, 61, of Stock Island, Florida, was arrested Friday after robbing the Keys Federal Credit Union on Stock Island. There were no reported weapons used and no injuries. The Sheriff’s Office responded t - facebook.com](https://news.google.com/rss/articles/CBMi4AFBVV95cUxQa3o0QTZ6bTFUa05OdmNPcnBaWEFDT2VrdzdwbzJnUjd0MUcxanJTZjNmbHpBQVpLT1ZnenF2dXhYUGtvYWVKX29rT241YnhkSTZIQi1MbFBfZUg3R2p4Q0QxaGQ2eXFJT3ZYbDRxaURHLXBRTDlGdTRTQ0FWNWxTcHdVbGVYcEpSZkVkVHFPTUY2dlVLT0hLMkhrM2FYUU9DUFZJSDIya3NTOFAydEUwcXB1Ulo5aTZrVjB6SUpWNGkzWDV5X1hLTEZPODJTcEVIWjVFV2lGTjM1MnptcXgwUg?oc=5) · facebook.com
- 2025-07-11 [Friday’s Afternoon Update - Florida Trend](https://news.google.com/rss/articles/CBMiekFVX3lxTE5ZZ1lwcE1GY1h0b0VZOGwzcS11NlNBS1FGeS1vUEZJVmliTlhlNGV6NzI3ZF9XZEtkaWdkRGtIdTlnUVpBNEhQa2xMbTdBRFBzdmtoSlVKdEJIajBFckJES0FtUUZYb05fOThFSWtNXzNLOTJoSDNYMnp3?oc=5) · Florida Trend
- 2024-11-26 [Man arrested in credit union robbery - keysnews.com](https://news.google.com/rss/articles/CBMivwFBVV95cUxONTRKUWUtM2tMblFKY09TR09CazJNaXlkUEhYOEpqREd1dkY1VW1QYjlhcDl0MmFka1RWdC1LZFp1aG94ZUxLZml5WWExNDBYM3RmUnJWcXpDT1lTbHBHVk5QNDZTZmEyc1JLQURTaWJxNkd4YTVhaG9OR2FrTFB2QWpSbDF5WEp5Nlo2UHFmNERKTHk0Z3RKS3R6Vm50ek0zdlJrUFA1cUlMUDVvZGxSSzk0WGlYZFFiMW9TV2t5RQ?oc=5) · keysnews.com
- 2022-09-03 [The Black Keys at Coastal Credit Union Music Park at Walnut Creek in Raleigh, NC - Loud Hailer Magazine](https://news.google.com/rss/articles/CBMiywFBVV95cUxOMEU0UUp4ekJpNjVhb1hzT2VCZkw0UHNHaWVpekFqTEw4d2J0NGdVdEFOclhwREZ3ejF4M0FjaFZkR3dmSzNGOTc4WGQ4eUJ4WnJwZTkyR21NYW9Ua3ZjTlZONExJd3hTNGQ1UzEtYU10b1ZueVFXbE03QV9CSXdINGZ2SXhteEV5UTFlelJ0anlXZm5RV01OUUtMWWZSanlJREszTUhoU2VhWFVpTlpxaHRVWUU4c1Z6LTc1UDQzZEoxNzNaVmw4VlZ3Yw?oc=5) · Loud Hailer Magazine

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=4135 (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/39.json (key "4135", 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=4135
- 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