# FIRST FLORIDA
Jacksonville, FL · NCUA charter 61170 · asset band $1-10B · latest filing 2026-03 · live
Share link (named URL with a preview card): https://getbookiq.com/cu/first-florida-61170

Who the members are: state charter, organized 1950, low-income designated. 63,025 members of 10,866,806 potential (0.6% of the field); checking penetration 59% (share draft accounts per 100 members); loans per 100 members 105.

**Verdict on the desk:** this could be *participation buyer*. 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 | $1.46B |
| Members | 63,025 (0.5% YoY) |
| Full-time staff | 202 |
| Net worth | $187.6M |
| Net worth ratio | 12.9% (p81 of band) |
| ROA (annualized) | 0.64% (p45 of band) |
| Total delinquency | 0.62% (p50 of band) |
| Net charge-offs (annualized) | 0.64% (p62 of band) |
| Loans / shares | 93% (p71 of band) |
| Cash / assets | 6.3% |
| Borrowings / assets | 10.30% |
| Net interest margin | 3.01% (p30 of band) |
| Operating expense / assets | 2.92% (p34 of band) |
| Vehicles % of loans | 33% (p64 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 36% |
| Third-party paper % of net worth | 230% (p72 of band) |
| Vehicle delinquency | 0.47% (p36 of band) |
| Vehicle NCO | 1.21% (p62 of band) |
| Repossessed % of vehicle book | 0.17% (p76 of band) |
| Real estate % of loans | 44% |
| Credit cards % of loans | 2% |
| Unsecured % of loans | 9% |
| Commercial % of net worth | 18% |
| Core shares % of member funds | 52% |
| Certificates % of member funds | 32% |
| Average share balance | $8,963 |
| Participations bought / yr | $61.1M |
| Participations sold / yr | $0 |
| Participations outstanding | $184.7M |
| Loans outstanding per 100 members | 105% |
| Loans granted per 100 members, annualized | 14% |
| Average loan balance | $15,728 |
| Loans granted, annualized | $323.2M |

## Participation posture (from the same filings)

Bought $61.1M and sold $0 in the latest annualized quarter; $184.7M outstanding purchased (98.5% of net worth), $0 sold and retained. Sold in 0 and bought in 8 of the last 8 quarters. Shares 4.6% year over year.

## Flags firing in the latest filing

- **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 | 0 |  |  |
| 2016-09 | 0 |  |  |
| 2016-12 | 1 | leaning on borrowings |  |
| 2017-03 | 2 | net worth falling |  |
| 2017-06 | 2 | members leaving | net worth falling |
| 2017-09 | 1 |  | members leaving |
| 2017-12 | 1 |  |  |
| 2018-03 | 2 | net worth falling |  |
| 2018-06 | 1 |  | net worth falling |
| 2018-09 | 1 |  |  |
| 2018-12 | 2 | loans>95% of shares |  |
| 2019-03 | 2 | net worth falling | loans>95% of shares |
| 2019-06 | 2 |  |  |
| 2019-09 | 2 |  |  |
| 2019-12 | 2 |  |  |
| 2020-03 | 4 | losing money, margin squeeze |  |
| 2020-06 | 3 |  | losing money |
| 2020-09 | 3 |  |  |
| 2020-12 | 2 |  | margin squeeze |
| 2021-03 | 2 |  |  |
| 2021-06 | 1 |  | net worth falling |
| 2021-09 | 1 |  |  |
| 2021-12 | 1 |  |  |
| 2022-03 | 1 |  |  |
| 2022-06 | 1 |  |  |
| 2022-09 | 1 |  |  |
| 2022-12 | 3 | delinquency rising, 3rd-party paper>100% NW |  |
| 2023-03 | 3 |  |  |
| 2023-06 | 3 |  |  |
| 2023-09 | 3 |  |  |
| 2023-12 | 3 |  |  |
| 2024-03 | 4 | net worth falling, losing money | delinquency rising |
| 2024-06 | 2 |  | net worth falling, losing money |
| 2024-09 | 2 |  |  |
| 2024-12 | 2 |  |  |
| 2025-03 | 2 |  |  |
| 2025-06 | 2 |  |  |
| 2025-09 | 3 | net worth falling |  |
| 2025-12 | 2 |  | net worth falling |
| 2026-03 | 2 |  |  |

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

- 2026-03-17 [The League announces 12 emerging professional network LEADs - CUInsight](https://news.google.com/rss/articles/CBMiogFBVV95cUxOX1JyV0p4d2E4T0dZaEFSRnplQmZnOFN2WTRsR0VDSEF3MWJiUUtoajU1V3V3ZlZ2V3JKc0hJTlRGODlLdUJwVWV6RHRMbVNvQkthWEJtWU5Ba3lBVW9hU0k4UXF6ejk3SzNEQzd3cVNGZ3NNU2lpRXJsSDRMQ0VHS2tJb0k3c01uTUF0bmdyX24xSUp5T0N4ZElwQUJHQlVWZEE?oc=5) · CUInsight
- 2026-04-08 [Something Good: 50 VSU students gifted new laptops - WCTV](https://news.google.com/rss/articles/CBMiiAFBVV95cUxNN21IRlY4TGNxTFJybHhodGZLdnNpOWl0WXJ3Wi0yQVhHVk9SbGFyYUdDUEpfaElkcUpMdThnSnkyNy1Na1ExS2lOZkRUelo1SGkwWDFKZTRwRGNfZk1iNUZPVTVFUGhoNXd0bW9jZnRONGgzYUNhX2N2VFRjQ3N0SWFVSEYwNnhQ0gGcAUFVX3lxTE9mRi1WRF9JSFNrdWc4a0xlZ3FEVFNiTmlWQ0MxWHNnNjhPLWxzeDdYMVJnb2lXdDAySTdBQzZkaDl6QmNZLU0tMFpRczhTa3dmTVFSSVVJSGdpa3lmMlBrRUlaTW9BR1hfLVcyeXlEUmI2VmRKNUpCT21iSGRJb1Z5UVdmSkZKT243ZHVmQjZvX1llRDJCWTFjLTVUcQ?oc=5) · WCTV
- 2025-05-15 [Pembroke Park, First Florida Credit Union to teach financial literacy to 5th graders - Florida Politics](https://news.google.com/rss/articles/CBMixwFBVV95cUxONFJmYXJhZWlMWW1hdWk5NUpMT2VqVnlCaHhNdTBLZ195YmxuM0Q2V1EzRHlvM0lHdUNTQUdMNDhiYmlqLXJ0SEVOU2FRaWRYSzFjWENsMmJwYjB4WnQzNFFrRk9kdUU1Vzl5enJVUWVPbE4zUkpzdVZzN1VnSHJVblhIZFFVZkgtaWRjMU16LTA2SXpjMzJKM3JzbGYzZFZrVVFHdGlDZmpoT3J0TWFOdWNwamZOWmZNWkFnOTU4eVkydFZ2b0pN?oc=5) · Florida Politics
- 2023-03-23 [First Florida Credit Union accepting donations for Tenikka’s Books for Kids - Action News Jax](https://news.google.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?oc=5) · Action News Jax
- 2018-06-22 [First Florida Credit Union opens sixth branch in Tallahassee - WTXL ABC 27](https://news.google.com/rss/articles/CBMi0gFBVV95cUxOd19VUlA5V2FudHdiZ1VMeHBQRjBBaDByNUQwOEJheDlEbmN5R21OX1hOei1pWTdBV1BfMVpnSWkzOW5zYkdManlESUFKaEp2c3F3UUcwM2NFYU5HTFhkUjZieEVoeEUxWVdzS3ZXYzV0eEpRQV9aVFI0dGVjdnd1VlhNTXJITVBhVWliWXpZaEhidXhkVEJ0VjY0RlNHZFNJdFNUclp3cVFKX2xIYVEwVW9LeVpzOTFsRjEwbm1PUV9aTmxOOGstOFYyYjBHRjVpQWc?oc=5) · WTXL ABC 27
- 2025-07-28 [Florida Sees Another Growth Spurt as It Attracts More Credit Union Branches - CUTimes](https://news.google.com/rss/articles/CBMisAFBVV95cUxNZDF4VDhrb1VtTVB4YUl1dFJKOU5kdzlBOEFJTmhqaWJNdVE0ZUNPWmhaa3NzZ2pkTm5acURrcUtJLWYxUjZtUWgxal85d3lpRm1jSDN0dlBhLVlydXhTWmh2eUYyRVJ2T29lRUZGXzdjUHdYR2I1Mm9MR1FKRmRDeS05RFYyVjM0ZEtVV0t6YzJBdU5hVjQ4UG5zTGpyWVNTR0o3Vnk2R1JvVURBdFVqZQ?oc=5) · CUTimes
- 2025-04-08 [America's Best Regional Banks and Credit Unions 2025 - Florida - Newsweek Rankings](https://news.google.com/rss/articles/CBMijgFBVV95cUxOSV9rYjRvVlQwYzdjRjQ5RWNWYk5sNXpzMEpRQml0ZlN2VkI3cmkwMGRmVTI0eERfeG1tTWp6Y0lXZWtIdTc2N2xOYjZyU1ZEQnpOSkgtd2tHTDd2Z3pnbVNvZDFTUXJyZy1iOU1rc1lsaHJnaXVPM0JpX1FSbjVUTkdBWHl3djA5X2ZvN3Zn?oc=5) · Newsweek Rankings
- 2023-09-25 [First Florida Credit Union Athlete of the Week poll for Jacksonville: Sept. 25 - The Florida Times-Union](https://news.google.com/rss/articles/CBMi2gFBVV95cUxOT3hmdXZ6dEJ4eHlwMXY4LXFjRElQUTBPLTQ0R3c2R2R6aklKdWdUb0hRLThNLXhlMUU0cG9iNXVmNWJPTkYzWmlNY0FUR2gtNzVaaExKcUxSM1NEYzg0aXdFQlRVcGxxM1FQOXRqamxwcEFjZFUyTjZ5T0d4T3lJOS1mMmwzdWJIU0VmbXZuWDlJakxEbXp3UHBrRFN1dDNVRmpWOU9MNV9GVS1rYkwtSHdOcHpwU3ZtWVpCOEFkUUhEMTdnRHJOVGppcnhlYnVrV25oQ1ZPUGJCdw?oc=5) · The Florida Times-Union

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=61170 (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/50.json (key "61170", 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=61170
- 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