# CREDIT UNION SOUTH
Gulfport, MS · NCUA charter 68424 · asset band <$50M · latest filing 2019-03 · stopped filing after 2019-03 (departed; for a credit union that is almost always a merger)
Share link (named URL with a preview card): https://getbookiq.com/cu/credit-union-south-68424

Who the members are: state charter, organized 1935, low-income designated. 1,709 members of 5,127 potential (33.3% of the field); checking penetration 33% (share draft accounts per 100 members); loans per 100 members 50.

**Verdict on the desk:** this could be *stressed*. Composite score 11 of 18 (one point per flag across 17 flags, capital below 7% counted twice).

## What the filing shows

| Measure | Value |
|---|---|
| Total assets | $7.1M |
| Members | 1,709 (-9.6% YoY) |
| Full-time staff | 5 |
| Net worth | $272,749 |
| Net worth ratio | 3.8% (p0 of band) |
| ROA (annualized) | -23.18% (p0 of band) |
| Total delinquency | 1.49% (p71 of band) |
| Net charge-offs (annualized) | 6.02% (p98 of band) |
| Loans / shares | 39% (p20 of band) |
| Cash / assets | 23.5% |
| Borrowings / assets | 0.00% |
| Net interest margin | 4.28% (p81 of band) |
| Operating expense / assets | 28.26% (p100 of band) |
| Vehicles % of loans | 44% (p33 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 0% |
| Third-party paper % of net worth | 0% (p45 of band) |
| Vehicle delinquency | 1.46% (p76 of band) |
| Vehicle NCO | 9.88% (p99 of band) |
| Repossessed % of vehicle book | 0.00% (p45 of band) |
| Real estate % of loans | 20% |
| Credit cards % of loans | 13% |
| Unsecured % of loans | 29% |
| Commercial % of net worth | 0% |
| Core shares % of member funds | 99% |
| Certificates % of member funds | 0% |
| Average share balance | $2,783 |
| Participations bought / yr | $0 |
| Participations sold / yr | $0 |
| Participations outstanding | – |
| Loans outstanding per 100 members | 50% |
| Loans granted per 100 members, annualized | 17% |
| Average loan balance | $3,035 |
| Loans granted, annualized | $973,728 |

## Flags firing in the latest filing

- **thin capital** (`cap_low`)
- **capital below 7%** (`cap_critical`)
- **net worth falling** (`cap_falling`)
- **losing money** (`earn_negative`)
- **expense trap** (`earn_opex`)
- **delinquency 2x band** (`aq_dq_high`)
- **charge-offs p90** (`aq_nco_high`)
- **assets shrinking** (`shrink_assets`)
- **members leaving** (`shrink_members`)
- **loan book shrinking** (`shrink_loans`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 5 | losing money, expense trap, delinquency 2x band, charge-offs p90, leaning on borrowings |  |
| 2016-06 | 5 |  |  |
| 2016-09 | 6 | net worth falling, repo signal | leaning on borrowings |
| 2016-12 | 5 |  | repo signal |
| 2017-03 | 8 | margin squeeze, assets shrinking, members leaving, loan book shrinking | charge-offs p90 |
| 2017-06 | 6 |  | delinquency 2x band, assets shrinking |
| 2017-09 | 7 | delinquency 2x band, assets shrinking | net worth falling |
| 2017-12 | 7 |  |  |
| 2018-03 | 8 | delinquency rising |  |
| 2018-06 | 10 | net worth falling, charge-offs p90, repo signal | delinquency rising |
| 2018-09 | 7 |  | assets shrinking, net worth falling, repo signal |
| 2018-12 | 7 |  |  |
| 2019-03 | 11 | thin capital, capital below 7%, net worth falling, assets shrinking | margin squeeze |

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

- 2026-09-01 [Delta Fest returns to Jackson with focus on Deep South’s $270 billion boom - The Clarion-Ledger](https://news.google.com/rss/articles/CBMi1gFBVV95cUxPaDRNM0tORFFyTDh3TzBWVi00YkU4ZlVmNkVZUFFHSnZfMFk4QUtzVjlwellRbzFQLWJNMUdrc0FrUmo0QnNLSXl2S2ViNGIzUUxLQmphUnp3a081cUhKNjh0SUpJcVdFbl8yaFVHSTVtZ3Z1azJNdmdzcnVPQVU4T1VEYmNSVGlTeUNiN0tCWHJ2UWVVVC1aNVQyY1lMWjNVVXJlbUVtQWtFVXE3eUlYWDF2MEpoby1oRldDRkpNdW1NaEY3X3dnVGVJMGFhWlBfZzFKUmhR?oc=5) · The Clarion-Ledger
- 2025-11-20 [HOPE Credit Union review 2026: Showstopping checking account APY, but only in these 5 states - Fortune](https://news.google.com/rss/articles/CBMiY0FVX3lxTE5OczV4ZUw5LWNtQmZmQTNia2hsVFNjNm5RT1Fzc2JncGhvLUJHSjF6S05kLVd6Nm9DLVpwbmxYX0xHLXhsbzNGd0phS2lqR0lEdWl1clZ5ZGZHdlI1SHlJYUMzNA?oc=5) · Fortune
- 2026-01-14 [We Florida Financial Credit Union Support Jamaican Credit Union Employees Impacted by Hurricane Melissa - South Florida Caribbean News](https://news.google.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?oc=5) · South Florida Caribbean News
- 2026-07-03 [Samuel Hall Obituary (2026) - Magnolia, MS - Peoples Undertaking Company, Inc. - McComb - legacy.com](https://news.google.com/rss/articles/CBMif0FVX3lxTE5mZW1UTDZremtjbGgyWXIxVk5EbF9XZ1ltT1FqdjJrV1RVZFRqaFpRRkRiaVltbnczUTNwWHNZU0J1OWpLMGZfdy1kbnVuWlFsTExFRG9DYkRmblFyZWdoRVhzWllWaVB2dUtZRm9QVGl4Vmp0eS1nLXUycUVzZTg?oc=5) · legacy.com
- 2024-01-03 [Credit Unions & Community Banks in All 50 States Oppose the Durbin-Marshall Credit Card Bill - Electronic Payments Coalition](https://news.google.com/rss/articles/CBMi2AFBVV95cUxQNVIyczVKbld6VExzUFh5aE5lSFpFMHE3cXVWaEtPcy15d1g3U21zd3NsUGdFcGFkQXRfbk12TDFhVkQxa2NVVC1IeWNtWkNVbUZMNFA1aFdPSXNxUTFFbFJNQy1CTnp3RWJqZWRGZFE0dGZTUU85bGl4R0FoVm55dVByX1NpaUw3QlA4Wm1MRjkzSHVndU5LWS1EMzd3R3NDTlB6MUpFaWZYQ01XOE5heHhBZG43SnRQU3pWUi1JdnpqWkE4Z0ZSOU1GUkhXMkludk1zMFJlMkI?oc=5) · Electronic Payments Coalition
- 2025-10-31 [Food giveaway line stretches a mile as SNAP benefits paused, shutdown continues - Sun Herald](https://news.google.com/rss/articles/CBMiiwFBVV95cUxPOWVxQUFkalZNeHJ4QU9qWnVWWjFpVkhfSjhrdzF3WHdQdW05bGFoVHhoRktGWlFiMEpZbUVOa0wzdkVmLXlFOU9pRm5tR2k3QmlpUUdUR0dNblRTOEh5SzROT25sV3Y3T05fUjBSdUY4WW1WanVrTDdZVDlKOTBFZXpVcTJKTEVqZ2VZ0gGLAUFVX3lxTE1wM3NONzBwbVpEMUpUNUhZYlRQVnpqQm5INEdIWlFyM2pHdTBOOFNxOFRTMTlBRDNwTENWUWZCZU9Wd3hXRHZXSjBDbWtCaU8zLXRlU0xOR2ktc3BEUkxmbERYN3pRM3RQTlFtbHRtYlh4ajJHMjdjeHduMk9TWkFHZDQ4REVlN1ZpeEU?oc=5) · Sun Herald
- 2024-10-02 [This week in Santa Cruz County business: Santa Cruz-based credit union expanding south - lookout.co](https://news.google.com/rss/articles/CBMirwFBVV95cUxPS3doUlFha2RVVmZZMlZQWVEwQVRmZnpJeXNiR095NmZMckIwRS0zR1lUS1hfVVdyTUozdUIzdWZ6el9xSWwteGxNZGRvd0F0SDNaSmJyWWxPTHhpNThZc1hsNHRjY3c2cXhhR0xfUVo1bWhjSUtaM1NaWHlOaEhWb0oxNjRQREp3ME1lak5FWFR2ejM0Mml5bzlrOE5vSEZPa3BveVh1NWVlU1NkbjZ3?oc=5) · lookout.co
- 2024-12-31 [36 Black-Owned Banks and Credit Unions, Sorted by State - businessinsider.com](https://news.google.com/rss/articles/CBMikgFBVV95cUxQR2dKWjVxQ3RoR1BRQi0xZG5sYWowMmFaaF9xWUxVTkZiYlMtTGlTcGgtcGxCZldrMHd2VEQzOWFDNjFUMFVtM1lkNHFEc1gzYU1zMWdVTm1NNk1UWlpESUdBalRXZ3ZMSlNkX0x0ZHB4cVcybF9TN1R0b1NxZVh4TEhReEJ1SVg2dU5TY0tpTnhIdw?oc=5) · businessinsider.com

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=68424 (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/8.json (key "68424", 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=68424
- 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