# WE FLORIDA FINANCIAL
Fort Lauderdale, FL · NCUA charter 61525 · asset band $500M-1B · latest filing 2026-03 · live
Share link (named URL with a preview card): https://getbookiq.com/cu/we-florida-financial-61525

Who the members are: state charter, organized 1953, low-income designated. 40,632 members of 21,941,741 potential (0.2% of the field); checking penetration 64% (share draft accounts per 100 members); loans per 100 members 59.

**Verdict on the desk:** this could be *stressed*. Composite score 5 of 18 (one point per flag across 17 flags, capital below 7% counted twice).

## What the filing shows

| Measure | Value |
|---|---|
| Total assets | $709.0M |
| Members | 40,632 (-7.3% YoY) |
| Full-time staff | 118 |
| Net worth | $73.8M |
| Net worth ratio | 10.4% (p52 of band) |
| ROA (annualized) | 0.41% (p28 of band) |
| Total delinquency | 0.64% (p55 of band) |
| Net charge-offs (annualized) | 0.85% (p81 of band) |
| Loans / shares | 70% (p23 of band) |
| Cash / assets | 16.8% |
| Borrowings / assets | 2.28% |
| Net interest margin | 2.93% (p17 of band) |
| Operating expense / assets | 3.47% (p45 of band) |
| Vehicles % of loans | 22% (p30 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 54% |
| Third-party paper % of net worth | 255% (p83 of band) |
| Vehicle delinquency | 0.61% (p54 of band) |
| Vehicle NCO | 4.52% (p99 of band) |
| Repossessed % of vehicle book | 1.32% (p100 of band) |
| Real estate % of loans | 27% |
| Credit cards % of loans | 3% |
| Unsecured % of loans | 5% |
| Commercial % of net worth | 129% |
| Core shares % of member funds | 51% |
| Certificates % of member funds | 37% |
| Average share balance | $7,557 |
| Participations bought / yr | $29.9M |
| Participations sold / yr | $0 |
| Participations outstanding | $100.7M |
| Loans outstanding per 100 members | 59% |
| Loans granted per 100 members, annualized | 3% |
| Average loan balance | $18,453 |
| Loans granted, annualized | $69.3M |

## Participation posture (from the same filings)

Bought $29.9M and sold $0 in the latest annualized quarter; $100.7M outstanding purchased (136.4% of net worth), $0 sold and retained. Sold in 0 and bought in 4 of the last 8 quarters. Shares -4.5% year over year.

## Flags firing in the latest filing

- **repo signal** (`aq_repo`)
- **assets shrinking** (`shrink_assets`)
- **members leaving** (`shrink_members`)
- **loan book shrinking** (`shrink_loans`)
- **3rd-party paper>100% NW** (`str_thirdparty`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 4 | expense trap, delinquency 2x band, charge-offs p90, 3rd-party paper>100% NW |  |
| 2016-06 | 5 | losing money |  |
| 2016-09 | 4 |  | losing money |
| 2016-12 | 4 | losing money | delinquency 2x band |
| 2017-03 | 7 | net worth falling, delinquency 2x band, members leaving |  |
| 2017-06 | 5 |  | losing money, net worth falling |
| 2017-09 | 5 |  |  |
| 2017-12 | 4 |  | delinquency 2x band |
| 2018-03 | 6 | delinquency 2x band, delinquency rising |  |
| 2018-06 | 6 | assets shrinking | delinquency rising |
| 2018-09 | 6 |  |  |
| 2018-12 | 5 | losing money | delinquency 2x band, assets shrinking |
| 2019-03 | 4 | assets shrinking | expense trap, losing money |
| 2019-06 | 3 |  | assets shrinking |
| 2019-09 | 2 |  | charge-offs p90 |
| 2019-12 | 2 |  |  |
| 2020-03 | 2 | net worth falling | members leaving |
| 2020-06 | 4 | charge-offs p90, members leaving |  |
| 2020-09 | 5 | margin squeeze |  |
| 2020-12 | 5 |  |  |
| 2021-03 | 5 | thin capital | charge-offs p90 |
| 2021-06 | 4 |  | members leaving |
| 2021-09 | 4 |  |  |
| 2021-12 | 3 | members leaving | net worth falling, margin squeeze |
| 2022-03 | 3 |  |  |
| 2022-06 | 2 |  | thin capital |
| 2022-09 | 3 | leaning on borrowings |  |
| 2022-12 | 5 | net worth falling, losing money, repo signal | members leaving |
| 2023-03 | 4 | charge-offs p90 | leaning on borrowings, repo signal |
| 2023-06 | 4 | repo signal | net worth falling |
| 2023-09 | 4 | leaning on borrowings | losing money |
| 2023-12 | 6 | net worth falling, loans>95% of shares |  |
| 2024-03 | 6 | losing money | loans>95% of shares |
| 2024-06 | 3 |  | leaning on borrowings, net worth falling, losing money |
| 2024-09 | 6 | losing money, assets shrinking, members leaving |  |
| 2024-12 | 8 | net worth falling, loan book shrinking |  |
| 2025-03 | 8 | delinquency rising | net worth falling |
| 2025-06 | 7 |  | delinquency rising |
| 2025-09 | 6 |  | losing money |
| 2025-12 | 6 |  |  |
| 2026-03 | 5 |  | charge-offs p90 |

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

- 2016-07-29 [Power Leaders in Banking & Finance: South Florida's financial heroes - The Business Journals](https://news.google.com/rss/articles/CBMimgFBVV95cUxQZmNlbW9oaFh2QS1RcWxFdnp0eDZZZlRVcnNLZzE0VXpfaFhzUkQ2TXRrVnNteVM0dGFmVGN1NzFiazVSa3UxbXpBLTcxcHFiaFFlelhkT1FMU2pxLVFwQTlVUTFFQndGUmZCNUhRUFM4SlJpS3gxV09HNW1lMXhBUTN6Rk5kSFZBODNiS2tWZXBCbnN1V0poanJn?oc=5) · The Business Journals
- 2019-08-16 [Authorities arrest Wilton Manors credit union robber - WSVN](https://news.google.com/rss/articles/CBMiiAFBVV95cUxNV0NSakFELTVoN0dyUWc4RldNNld1MHdvMldxVmNlejE5YUxsUW1kVGw0b3RNWE1LM2hfR0dOUFhoUXpoWTB0LUNwMGE4NjhLNVE3M0ptU2s1WjNKV3lxUnJaZW92eE9rUHlxTTd1UkhKYUptOTdrdXZ4OVRMMk01T3FSTzJRYjYy?oc=5) · WSVN
- 2024-08-01 [Dierdre Davis Obituary - Hollywood, FL - Dignity Memorial](https://news.google.com/rss/articles/CBMihAFBVV95cUxPR0k4UzVNdWNCbHNRdy0zcF9MQWxYdG9Qbnp5bEgxVnBtVVNvVV9aOVZMWFA0Y09TWHpXVWc4VExCWXZrRGQ1N3NIeFNmLUptYWxKM0dNcGhzcmRUS0dIM1RmYVpCYnpGZzcxbUdhMTRib1oyWVVkQU5pV3JwbzYzRnd4N08?oc=5) · Dignity Memorial
- 2024-06-21 [First-term State Rep. Ryan Chamberlin runs unopposed in GOP primary - Ocala Gazette](https://news.google.com/rss/articles/CBMinAFBVV95cUxOMUVwSGY0LUswVzM3dTVXWmhvY3dINXVXNWJxTW1GY3M4cTd1OWVINVZPX1IxTzlJMjJCa1NSWUNKRGFWdlJQeERuN2Uyc3poZ1VNaS1RakJVeWYxRXVKR0FrME5KcGlXOGFjOTRyQmY2elFhNTQwcVFBNlJzMTdmckkyLW43cFhnaWZDYlVLVUJqZFZoNE5aaGhETW8?oc=5) · Ocala Gazette
- 2019-08-16 [FBI Arrests Florida Man Who Wore Plastic Bag During Alleged Wilton Manors Bank Robbery - CBS News](https://news.google.com/rss/articles/CBMinwFBVV95cUxORXZJUzNoWk0yWGRxbUJ6a0dfTUozR0NfU01YVDFDZU5NcU5INVNYQnFDTGlRUExnNlhWOFVsZTM4czlwY1VWeUxxWWdmMHFXdVl1c1BkSFc0VTVreW9DZFJqRDR1aC1EN2E1VDRyM0UtY3BsNnppakhnbTYtVFBLVmphcmpQOHZ6cmNhcXpfRHJKSU45VzZfMFhrSHdQRFE?oc=5) · CBS News
- 2024-10-22 [Pistol Stolen from Unlocked Car. Margate Crime: October 15-21 - Margate News.net](https://news.google.com/rss/articles/CBMilgFBVV95cUxOSWpoT0xPejgzcDR6ZHEzZW1tUW9qWDFfSkphdjlUWFBReWdtM3dqT3NYNXlfb0lVR1NfV2F3OTVrcHVjZWJUQ0hVMDkyc2hWeUNWZEdLWWV4S1ZLUWladlRVY2dzTUpYWl84Zk5TRkdiaHlnT0ExdlJCMmFWVEl2b1QtMVJsOWgxTHhPZURHanNkYmRONnc?oc=5) · Margate News.net
- 2020-05-22 [Meet the 2020 Power Leaders in Banking - The Business Journals](https://news.google.com/rss/articles/CBMilgFBVV95cUxOM0FjblNScm12QWFET3NWYzhqY056NUZUMDNiNVdKcERlYzJvMzlZR0xMRElxVkJaRS15amN6cTZZMXU4T25pT0F6REpxVzJoTXhCZkJXRlZKWVNwVmVJMVVPeU5xNENaRUJ6eDc4UUxuQmNSVkNTeHVKY0M0ZjMtVnFnS0RpTGhtQzFvbTZxa0xYS3FiMkE?oc=5) · The Business Journals
- 2017-07-28 [Top bankers drive economy, community and culture - The Business Journals](https://news.google.com/rss/articles/CBMirgFBVV95cUxOWjJnQjgyc2FPMjFZdmRqQlJMcWd6anF3MHhwZXJpQi15YTIzSHNqM0tLd2NJcEdzR3NXbkNBak1oaUJPQVR4aWhjRHZ1TWlmYjBIcWpHWmJRVWtEcWlpY0QtQjhuQy1BZ3k4RWluSG1LSnJrejI5czd4djZOdVBNUzRpbGpXamJEWTdseFotR1B2M05rTkNvVWpFQ1dBcERGRDl3OE5xNWZzMld5UUE?oc=5) · The Business Journals

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=61525 (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/21.json (key "61525", 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=61525
- 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