# ENVISION
Tallahassee, FL · NCUA charter 67329 · asset band $500M-1B · latest filing 2025-09 · stopped filing after 2025-09 (departed; for a credit union that is almost always a merger)
Share link (named URL with a preview card): https://getbookiq.com/cu/envision-67329

Who the members are: state charter, organized 1954, low-income designated. 63,238 members of 1,062,261 potential (6.0% of the field); checking penetration 91% (share draft accounts per 100 members); loans per 100 members 226.

**Verdict on the desk:** this could be *participation buyer*. Composite score 4 of 18 (one point per flag across 17 flags, capital below 7% counted twice).

## What the filing shows

| Measure | Value |
|---|---|
| Total assets | $829.4M |
| Members | 63,238 (-0.6% YoY) |
| Full-time staff | 286 |
| Net worth | $84.7M |
| Net worth ratio | 10.2% (p47 of band) |
| ROA (annualized) | -1.73% (p0 of band) |
| Total delinquency | 1.46% (p87 of band) |
| Net charge-offs (annualized) | 0.92% (p85 of band) |
| Loans / shares | 79% (p36 of band) |
| Cash / assets | 7.7% |
| Borrowings / assets | 1.89% |
| Net interest margin | 3.89% (p83 of band) |
| Operating expense / assets | 8.31% (p100 of band) |
| Vehicles % of loans | 47% (p83 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 6% |
| Third-party paper % of net worth | 66% (p40 of band) |
| Vehicle delinquency | 0.37% (p27 of band) |
| Vehicle NCO | 1.31% (p70 of band) |
| Repossessed % of vehicle book | 0.00% (p18 of band) |
| Real estate % of loans | 24% |
| Credit cards % of loans | 0% |
| Unsecured % of loans | 9% |
| Commercial % of net worth | 115% |
| Core shares % of member funds | 65% |
| Certificates % of member funds | 15% |
| Average share balance | $4,479 |
| Participations bought / yr | $24.0M |
| Participations sold / yr | $4.9M |
| Participations outstanding | – |
| Loans outstanding per 100 members | 226% |
| Loans granted per 100 members, annualized | 104% |
| Average loan balance | $4,050 |
| Loans granted, annualized | $153.5M |

## Flags firing in the latest filing

- **losing money** (`earn_negative`)
- **expense trap** (`earn_opex`)
- **delinquency 2x band** (`aq_dq_high`)
- **assets shrinking** (`shrink_assets`)

## Warning timeline

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

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

- 2026-03-03 [Addition Financial Credit Union releases statement addressing recent banking systems conversion - WCTV](https://news.google.com/rss/articles/CBMixgFBVV95cUxPQnYzS3VJc0JxM3V0bklpWDJVRXJwYXZnbW5TREI2SmZMRW1ST1R5dXpIR3lUN1RVZjh6ZkRFZWFCMUNSS0R2S21QampQeUFlcEpBeTJjNEtUSE0yMnprRGxXVzBvMWotZVc1Q1NoUVpvLXJEM2w5T0ZDVVBObElHSDh5U21vVGNFY1cyamZvdnlWRXZQRWsyU1hCT3NQTzZnY1BDQXVFa0MwTmpwbG1iakdUVWRLM1dXTGpTall6Q2pfd2dfMVE?oc=5) · WCTV
- 2026-08-27 [Tampa credit union strengthens Florida presence with East Coast merger - The Business Journals](https://news.google.com/rss/articles/CBMimAFBVV95cUxNNlNEQWlvOWJBZ2FvQ0FtTl9iMk4zRWMzQW9TM2tqR0x4NGpDSkF5T3pmUElNcXdJWHAtcGQtSkpEM01PdXpRazVnTEVXdk5kajR6WGk1NnJtemNQUHpIUWNEQWxxR08yQVZ0X2xEOTZiVkVtU3BvdnRMS2s4RlQ1amVmVWZtMHZIdjl6Sk1GVzR4TU40QzcyRQ?oc=5) · The Business Journals
- 2026-03-03 [Envision, Addition Financial credit union transition leads to client headaches - Tallahassee Democrat](https://news.google.com/rss/articles/CBMixAFBVV95cUxOYVZtTl9vTFBNbGxjSWdMUjl4X2daY0lOa0ptb0VYRHFhNTF5SWdvLUg1Z1BmXzNDQkN3bWc4bC1RZDFYUFZMVDFuV1R2cmNlSFNnY2FLeGl0dmdlQWZuc3V1WjNqRlBWaFZBUVExT3prQk9GQlY1dnFOX0NFdlAxUHVTcThjNVZDNFBTWkFGYjNTS1pBbXBrYVlELU9qa1RSY0FvQXZHQXU4VkQxLUxaS01vcG16OHhucWlvRlUxUGdPYnlP?oc=5) · Tallahassee Democrat
- 2025-09-16 [Envision Credit Union members approve merger with Addition Financial Credit Union - CUInsight](https://news.google.com/rss/articles/CBMivwFBVV95cUxNUnNodTQ1X2J2YmRCM01JWjBjUEs5UVZ5UVBvX2JRMlNZYkdTSUhGaHBLdS13ck5NQXJSNi1sVGdfUmxnMWFnQ2Uzaks1RUFBOFpkVlh6eVFPNWhaYUtYV2l6aUdhTjU5TkZDTFFVNWhwZUZWaV9qMjk3U2xPYXFENFNBbTU1ajJqT3BLa1hBbnBhMWV0MzM0MDlIZEs5Rk55MkMxVm5OXzhBNy1NQWdCWjY1MVM4Wm96OWpjMVV6aw?oc=5) · CUInsight
- 2025-09-16 [Addition Financial & Envision Credit Union Members Approve Merger - CUTimes](https://news.google.com/rss/articles/CBMiogFBVV95cUxPZ08wXzZJTFhWSkpaNV9iYkt6b1dIWWhEYUJRazVHTllDQzRYVmc0NTBZV2ctLXlsa25nTlliQlZWUE9KSVNteUJKdWFINmZrNlN3VUc1SVRETERiQXRBYkhJYjg5SHFlR0xsbUM4akxrcUlabUFaYWw5NWpNd3hYNU9sYlJxcFRLMDRQaGRhdk5lamFBRG5QTmNGc3pPQ1N2NFE?oc=5) · CUTimes
- 2025-03-25 [Addition Financial Credit Union and Envision Credit Union Submit Merger Application to Regulators - Yahoo Finance](https://news.google.com/rss/articles/CBMijwFBVV95cUxOeFNlNjNxOG1nX1NwWFdTQVQxRjFEX0hNTTRaN1lELW5wTGxuUjg0cE9JeTUwZER6V0tKOExWWW9uT1lBSlBQWGJLOVhaeHdFZnJFcE5wbDBYNXEyOVNfa2hRdVFBMlVkZE5FV1RMaGl6ZFFKWERtR01uR01ud3p4UVFrd3RlNDBOdWlPOE15SQ?oc=5) · Yahoo Finance
- 2025-09-23 [Addition Financial CEO discusses merger, community impact as credit union expands footprint - The Business Journals](https://news.google.com/rss/articles/CBMipwFBVV95cUxNMTFHUkstWGhKVGVydmVyajdScHVkOHRlTmtyX0YxRW5kMDFnTkt3aTZDckphTUhxZEZuUVVfQ0R0d05qd1JWQ3VWcVAzM0V6RkktQlZWRFpCbnRUaHBaSlNnMXlVZDhGYUdCdmxsbTlPd2lpS1lxLWhyazdUcHdGNE1hckJNWGhyV29TbDRSSmRReDBDMkJLOVZGTmpfQUJUWFpsNFNYZw?oc=5) · The Business Journals
- 2025-03-25 [Addition Financial Credit Union and Envision Credit Union submit merger application to regulators - CUInsight](https://news.google.com/rss/articles/CBMi1AFBVV95cUxNUEhBN25GTmhaWi16UjBfMzQ1aE5zMVdLcUZ4MndjSWRLSFlrSEE1ZnpUUzNrUnl0Mlp3cVJ3SGJwSWpvaVF0ekRNcmFNWnM4N1MyZUdFYnd3VUxKRHNqYjZ4Y1lCaWVCTXJvMFkxYjd6amZvN0R1YWY2cTF0VGI1Y0tRUkVSQXQ5Mi1aaUpjSFcxSU1oQTJlUXFITVBIY0doTEJXamkycklCYzQ4MzJzWkoxY2RZV3hFZDN3TVlSOVdrczVrTVJ0NlNkUktnM1NpRnlpOA?oc=5) · CUInsight

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=67329 (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 "67329", 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=67329
- 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