# POWERNET
Tampa, FL · NCUA charter 68042 · asset band $100-200M · latest filing 2026-03 · live
Share link (named URL with a preview card): https://getbookiq.com/cu/powernet-68042

Who the members are: state charter, organized 1961, low-income designated. 3,814 members of 25,000 potential (15.3% of the field); checking penetration 56% (share draft accounts per 100 members); loans per 100 members 1728.

**Verdict on the desk:** this could be *participation buyer*. 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 | $125.2M |
| Members | 3,814 (16.4% YoY) |
| Full-time staff | 16 |
| Net worth | $12.3M |
| Net worth ratio | 9.8% (p25 of band) |
| ROA (annualized) | 2.71% (p100 of band) |
| Total delinquency | 1.17% (p79 of band) |
| Net charge-offs (annualized) | 0.00% (p7 of band) |
| Loans / shares | 32% (p4 of band) |
| Cash / assets | 28.9% |
| Borrowings / assets | 0.00% |
| Net interest margin | 2.70% (p7 of band) |
| Operating expense / assets | 2.23% (p8 of band) |
| Vehicles % of loans | 30% (p36 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 0% |
| Third-party paper % of net worth | 25% (p48 of band) |
| Vehicle delinquency | 0.41% (p39 of band) |
| Vehicle NCO | 0.25% (p33 of band) |
| Repossessed % of vehicle book | 0.00% (p32 of band) |
| Real estate % of loans | 54% |
| Credit cards % of loans | 4% |
| Unsecured % of loans | 6% |
| Commercial % of net worth | 9% |
| Core shares % of member funds | 43% |
| Certificates % of member funds | 20% |
| Average share balance | $13,971 |
| Participations bought / yr | $4.3M |
| Participations sold / yr | $0 |
| Participations outstanding | $3.1M |
| Loans outstanding per 100 members | 1728% |
| Loans granted per 100 members, annualized | 10% |
| Average loan balance | $543 |
| Loans granted, annualized | $14.3M |

## Participation posture (from the same filings)

Bought $4.3M and sold $0 in the latest annualized quarter; $3.1M outstanding purchased (25.0% of net worth), $0 sold and retained. Sold in 0 and bought in 3 of the last 8 quarters. Shares 9.7% year over year.

## Flags firing in the latest filing

- **delinquency rising** (`aq_dq_rising`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 0 |  |  |
| 2016-06 | 1 | thin capital |  |
| 2016-09 | 1 |  |  |
| 2016-12 | 1 |  |  |
| 2017-03 | 2 | net worth falling |  |
| 2017-06 | 2 |  |  |
| 2017-09 | 2 |  |  |
| 2017-12 | 1 |  | net worth falling |
| 2018-03 | 1 |  |  |
| 2018-06 | 1 |  |  |
| 2018-09 | 1 |  |  |
| 2018-12 | 1 | members leaving | thin capital |
| 2019-03 | 1 |  |  |
| 2019-06 | 1 |  |  |
| 2019-09 | 1 |  |  |
| 2019-12 | 1 | delinquency rising | members leaving |
| 2020-03 | 1 | net worth falling | delinquency rising |
| 2020-06 | 2 | thin capital |  |
| 2020-09 | 1 |  | net worth falling |
| 2020-12 | 3 | margin squeeze, delinquency rising |  |
| 2021-03 | 4 | net worth falling |  |
| 2021-06 | 3 |  | margin squeeze |
| 2021-09 | 3 | margin squeeze | net worth falling |
| 2021-12 | 2 | members leaving | delinquency rising, margin squeeze |
| 2022-03 | 3 | delinquency rising |  |
| 2022-06 | 2 |  | delinquency rising |
| 2022-09 | 4 | delinquency 2x band, delinquency rising |  |
| 2022-12 | 4 |  |  |
| 2023-03 | 1 |  | members leaving, delinquency 2x band, delinquency rising |
| 2023-06 | 0 |  | thin capital |
| 2023-09 | 0 |  |  |
| 2023-12 | 1 | delinquency 2x band |  |
| 2024-03 | 2 | net worth falling, delinquency rising | delinquency 2x band |
| 2024-06 | 1 |  | net worth falling |
| 2024-09 | 1 | members leaving | delinquency rising |
| 2024-12 | 0 |  | members leaving |
| 2025-03 | 1 | members leaving |  |
| 2025-06 | 0 |  | members leaving |
| 2025-09 | 0 |  |  |
| 2025-12 | 0 |  |  |
| 2026-03 | 1 | delinquency rising |  |

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

- 2026-01-13 [PowerNet Credit Union announces Rob Picard as new Chief Executive Officer - CUInsight](https://news.google.com/rss/articles/CBMitAFBVV95cUxNV1YxTjVicHRuQkU3SFV1NnI5V1NkanJiWnVBUnhQUTZMMnpNeFFISy1WRVBQaGdGakl5N0RJdVR6SEpBYUJlNlJpdjdlU1hnN1llWVVoc0JZUlRYQ0ViNHJ6TlBrbUhETGNhazkyQTNpUWNha2JWazJPQkdCVVFHbzFtN0pLSnhvUzNpbEk4X0VvRVdwYU5wVXFXYmNMb2N5dm83QUhfWXU2alN2MEYwVlBmSXQ?oc=5) · CUInsight
- 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
- 2023-06-26 [Timothy McMurry Obituary - Temple Terrace, FL - Dignity Memorial](https://news.google.com/rss/articles/CBMijgFBVV95cUxQS0JXZGFQM3FKSERjMm9nS1pTT25Vajd4c2FzMVRuNHpBcWpYR2FVbnZEUUpmQWZ1SXlLbVVhcnNGZ0FGaG1VSzh6SkNwaEhEYkNKXzlreFYwNXdEbHdTMFR3blhLbEV1dTl1Sm1aWUdSbGstTUdHd181Smc0dElTaFg0MmplRDZqRGpoNmhB?oc=5) · Dignity Memorial
- 2018-03-15 [Brent Lavallee Obituary - Tampa, FL - Dignity Memorial](https://news.google.com/rss/articles/CBMif0FVX3lxTE1JdE80bVF6al9OMnJyR1M1RE4tM05GQllKdmQyYWVmMnk1Qmt3OHd2Y0NIaHYzc1dJMkROMW1La2RYdFo3THg0REljeTVFQ3ZCazE3dERPYTZxRXAzLTdZYUhoUnZpU1F1WGMydWRfZ3VObTJNMVFjbEctVnZCemc?oc=5) · Dignity Memorial

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=68042 (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/10.json (key "68042", 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=68042
- 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