# MAGNIFY
MULBERRY, FL · NCUA charter 68344 · asset band $50-100M · latest filing 2019-09 · stopped filing after 2019-09 (departed; for a credit union that is almost always a merger)
Share link (named URL with a preview card): https://getbookiq.com/cu/magnify-68344

Who the members are: state charter, organized 1950, low-income designated. 5,615 members of 500,000 potential (1.1% of the field); checking penetration 75% (share draft accounts per 100 members); loans per 100 members 89.

**Verdict on the desk:** this could be *ordinary*. Composite score 3 of 18 (one point per flag across 17 flags, capital below 7% counted twice).

## What the filing shows

| Measure | Value |
|---|---|
| Total assets | $80.3M |
| Members | 5,615 (-4.5% YoY) |
| Full-time staff | 21 |
| Net worth | $10.0M |
| Net worth ratio | 12.4% (p62 of band) |
| ROA (annualized) | 0.06% (p8 of band) |
| Total delinquency | 1.70% (p89 of band) |
| Net charge-offs (annualized) | 0.96% (p89 of band) |
| Loans / shares | 77% (p65 of band) |
| Cash / assets | 12.4% |
| Borrowings / assets | 6.85% |
| Net interest margin | 3.27% (p46 of band) |
| Operating expense / assets | 4.00% (p60 of band) |
| Vehicles % of loans | 35% (p34 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 2% |
| Third-party paper % of net worth | 4% (p56 of band) |
| Vehicle delinquency | 2.72% (p97 of band) |
| Vehicle NCO | 1.55% (p93 of band) |
| Repossessed % of vehicle book | 0.00% (p35 of band) |
| Real estate % of loans | 44% |
| Credit cards % of loans | 1% |
| Unsecured % of loans | 11% |
| Commercial % of net worth | 26% |
| Core shares % of member funds | 56% |
| Certificates % of member funds | 17% |
| Average share balance | $5,441 |
| Participations bought / yr | $550,535 |
| Participations sold / yr | $0 |
| Participations outstanding | – |
| Loans outstanding per 100 members | 89% |
| Loans granted per 100 members, annualized | 13% |
| Average loan balance | $9,934 |
| Loans granted, annualized | $14.1M |

## Flags firing in the latest filing

- **delinquency 2x band** (`aq_dq_high`)
- **members leaving** (`shrink_members`)
- **leaning on borrowings** (`str_borrowings`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 1 | leaning on borrowings |  |
| 2016-06 | 1 |  |  |
| 2016-09 | 1 |  |  |
| 2016-12 | 1 |  |  |
| 2017-03 | 2 | members leaving |  |
| 2017-06 | 3 | delinquency 2x band, delinquency rising | leaning on borrowings |
| 2017-09 | 3 |  |  |
| 2017-12 | 2 |  | delinquency 2x band |
| 2018-03 | 3 | delinquency 2x band |  |
| 2018-06 | 2 |  | delinquency rising |
| 2018-09 | 2 |  |  |
| 2018-12 | 3 | leaning on borrowings |  |
| 2019-03 | 2 |  | delinquency 2x band |
| 2019-06 | 3 | delinquency 2x band |  |
| 2019-09 | 3 |  |  |

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

- 2014-12-22 [Ratings Say Banks Are Healthier - Lakeland Ledger](https://news.google.com/rss/articles/CBMilwFBVV95cUxOcDJQLWd4M1k0bElqcEhnRDRCODEyc1pkQm5TWjd0MjlyQjN4Sm1UVHU0M0tHOVA2WGFZeUhrZ3FkbndscVBuTGk4aUlIM2lJRk5MN0pncUU0OGZ1Vm5RUzFSMVRKZU5haW9jRE5vMS10TTlLU3BYcHFBZUxXMHVyREtIeXZtd1J6Y0x5aFp6aWVYSFY1Zk04?oc=5) · Lakeland Ledger
- 2021-02-11 [Former Credit Union Employee Arrested For Grand Theft of Bank Funds and Scheming to Defraud — Lakeland - dailyridge.com](https://news.google.com/rss/articles/CBMixAFBVV95cUxPenAzcXV1WVgzM1NzSmlRMW9MeUE0czNGdUI1S2FsVWpBZUZnTHh4UXB4eFZ3V3hRSEJFSXlORC1ieUJzSTdOZi1famJ6QXVwX0N6MmFfZEtEUzMxYk9UNmlseERZTFBvbFdCMGM1TUhuZGEtN2NJX2JzY0xZZTVPTzdsN2ptNlBvMUtfUkgxaTBpSWhPVTg1aDdqdkxkeXZiZzFoc2J0aklzWXJQTjRzM1Z0dlVxTFBEZ2tqRU80MS0yaHI0?oc=5) · dailyridge.com
- 2021-02-11 [Lakeland Man Stole $88K From Bank Where He Worked: Sheriff - Patch](https://news.google.com/rss/articles/CBMijwFBVV95cUxObms5WFhuMXRrWFI4Z3FIdTlzOW5oSWhpNjlMSHBuNWJCcGNpWTlac2pzQlI5dzlTSzRiendRaC1heGpnR2pRV2txTloza09OSzVENUFCOHRiekxXYmg0VVk3UE5PcU5sTk82X2dHZ08xVHh5ZG1yeU5NZGhFQXF0dkJYLW55SWJvbzFTR0R3OA?oc=5) · Patch
- 2025-03-25 [Arthur George Hooper Obituary (2025) - Lakeland, FL - Central Florida Casket Store and Funeral Chapel - Legacy obituary](https://news.google.com/rss/articles/CBMiggFBVV95cUxNZWJQTzJYVXgtNmgyQ29oZ0lYSW1HYXhpVE5WNjlyRVZKODFvU1hpMHFIdVIxc2ZLZktXWWc0YVBCcFZMOE5MWTYzNkd0dkg0d1lYLTY5Q0NZaUV1NE14SWV2cGdaX1k0SWtqYVFpcUxIVGlTT1lFTlQ4VTlQMGN0Sm53?oc=5) · Legacy obituary
- 2014-04-12 [Ice Cream Festival - Lakeland Ledger](https://news.google.com/rss/articles/CBMimAFBVV95cUxQMlZSSHREcFRtdm1yREFzc3NfcllCSmhLYVBESUNHWGxNZkhNdUVVVEo4N2JsU1dPVnozSFZTYURHTWJVajZvMV9HRWVLZkdyTlcyV25EaEw2azhxMkdnb1JBcGp4VG1FR3NaZW5ycmxONHRHUGcza045aDh0Y3RCVncyUE5BSnc2d2stV1VkelZ1RDItSmh5SA?oc=5) · Lakeland Ledger
- 2016-07-06 [Lakeland woman accused of stealing from George Jenkins High School Booster Club - Lakeland Ledger](https://news.google.com/rss/articles/CBMi3wFBVV95cUxNa3d2NlpUSDY4R3I4c0d4TllNVWt0TjFGWWpFcXRhQ28zUzZGdFZGUlpLd2FMN3dhNmRhNEJoX29OTXpxMHZLTV83M2tqU0VRRjlXMUNKMU1STVNBUXp5b2lGaHZMazBKT2tNRENKc2hiNFNtbk1xWTdkY25yYVFQNmFqVkNtSnF0TWo1Szdic05UZUxWbnRWc2hmZXVNYm9kbXU5N1Y0aHl1Zlg5eWtMaTVoNlZwNTJOa3c3b09aN01tMjBYR3B6RXpwUWlCNlNtMFYtWWk1VWFPUnhpcllv?oc=5) · Lakeland Ledger
- 2012-11-18 [Lakeland Financial Adviser Values Family, Community - Lakeland Ledger](https://news.google.com/rss/articles/CBMisAFBVV95cUxPUFRKSzhxT0FSaUxsRHB3enQ3c1JUYTBxTFR1R0daN0luX1hFeUZmX0o2d1dZbFJxcjAtUk8yTkNKeVp4bVZGazdkVHItWE1XSjVxRm45dzl3cnNneHBZMVVzai1MOWlIQnZYQnVwbEtwSi1NRE52SzViTDFCdGZvRUhwRkpCNllBQ0s4a1ZVdURwdGJhc3o5MTNwNWI1enRSZjYtY0ZBRVA5RmtZQXdsMA?oc=5) · Lakeland Ledger
- 2012-11-12 [Polk Business People: Ernest Straughn, Senior Partner at Straughn Trout Architects - Lakeland Ledger](https://news.google.com/rss/articles/CBMi2AFBVV95cUxPamVDQnNRWDNfeG9LY0t3MU42djJPQmpLbExkYjhyN3VuMWsxMzF0Z2ctWS1OdVN4Y2czNkZncWdfaXM4UzhqQ1ZNYzN0bzlkVi13c0M0NlBDM0ZDZWFNR0FmVTBXWUJBb0V5WkpMNGRTSnRBd0dqZTJtektyN05CS2NaNTJGRUhLb1huQ0FHNl80SkFJUmxLYUhYYWw5dnc5Q09lRm03Q3BOdVE0MHh5RFBVQTRJYWZFVkRjYjFJM3J2V2YtWVM3bFg2YzhHUjhkTXdHcTJkaFg?oc=5) · Lakeland Ledger

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=68344 (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/56.json (key "68344", 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=68344
- 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