# FLAG
Tallahassee, FL · NCUA charter 68461 · asset band $50-100M · latest filing 2022-03 · stopped filing after 2022-03 (departed; for a credit union that is almost always a merger)
Share link (named URL with a preview card): https://getbookiq.com/cu/flag-68461

Who the members are: state charter, organized 1960, low-income designated. 6,133 members of 65,935 potential (9.3% of the field); checking penetration 65% (share draft accounts per 100 members); loans per 100 members 58.

**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 | $58.6M |
| Members | 6,133 (0.1% YoY) |
| Full-time staff | 13 |
| Net worth | $6.1M |
| Net worth ratio | 10.4% (p53 of band) |
| ROA (annualized) | 1.50% (p93 of band) |
| Total delinquency | 0.95% (p85 of band) |
| Net charge-offs (annualized) | 0.65% (p93 of band) |
| Loans / shares | 70% (p79 of band) |
| Cash / assets | 30.4% |
| Borrowings / assets | 0.00% |
| Net interest margin | 3.96% (p97 of band) |
| Operating expense / assets | 6.54% (p99 of band) |
| Vehicles % of loans | 67% (p88 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 1% |
| Third-party paper % of net worth | 4% (p56 of band) |
| Vehicle delinquency | 1.02% (p86 of band) |
| Vehicle NCO | 0.82% (p91 of band) |
| Repossessed % of vehicle book | 0.19% (p94 of band) |
| Real estate % of loans | 11% |
| Credit cards % of loans | 5% |
| Unsecured % of loans | 12% |
| Commercial % of net worth | 5% |
| Core shares % of member funds | 77% |
| Certificates % of member funds | 6% |
| Average share balance | $3,934 |
| Participations bought / yr | $0 |
| Participations sold / yr | $0 |
| Participations outstanding | – |
| Loans outstanding per 100 members | 58% |
| Loans granted per 100 members, annualized | 32% |
| Average loan balance | $10,023 |
| Loans granted, annualized | $20.2M |

## Flags firing in the latest filing

- **expense trap** (`earn_opex`)
- **delinquency 2x band** (`aq_dq_high`)
- **delinquency rising** (`aq_dq_rising`)
- **charge-offs p90** (`aq_nco_high`)
- **auto monoline** (`str_vehicle`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 1 | losing money |  |
| 2016-06 | 1 |  |  |
| 2016-09 | 2 | net worth falling |  |
| 2016-12 | 2 |  |  |
| 2017-03 | 2 | repo signal | losing money |
| 2017-06 | 1 |  | repo signal |
| 2017-09 | 2 | losing money |  |
| 2017-12 | 0 |  | net worth falling, losing money |
| 2018-03 | 0 |  |  |
| 2018-06 | 0 |  |  |
| 2018-09 | 0 |  |  |
| 2018-12 | 1 | delinquency rising |  |
| 2019-03 | 2 | delinquency 2x band |  |
| 2019-06 | 1 |  | delinquency 2x band |
| 2019-09 | 0 |  | delinquency rising |
| 2019-12 | 0 |  |  |
| 2020-03 | 0 |  |  |
| 2020-06 | 1 | net worth falling |  |
| 2020-09 | 1 |  |  |
| 2020-12 | 2 | auto monoline |  |
| 2021-03 | 4 | margin squeeze, charge-offs p90 |  |
| 2021-06 | 3 | repo signal | net worth falling, margin squeeze |
| 2021-09 | 2 |  | repo signal |
| 2021-12 | 2 |  |  |
| 2022-03 | 5 | expense trap, delinquency 2x band, delinquency rising |  |

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

- 2026-09-06 [Star-Banner/Florida Credit Union Amazing Teacher of the Month is Will Velez - Ocala StarBanner](https://news.google.com/rss/articles/CBMi7gFBVV95cUxQM1NhSXlnZFVucWZuQktfVHFObjZfXzRwZ3cwalJhN09uZTRZdnlmU2dBdXkydEswd1k2N1lmZWNWNTNXbEZsYWprengwSXIwX2VpWHM3cC1GeGJkSDBCSFRHMFQ4MHZoblViUGl6eV83Z2d6TlhzZmRsbVczaGZHd3Vhc25yRE1ZZWtkaEpNZV9velJVdDk5cUtkZHA4R3U5aW9oQ2R2LS1xdm1fb1d6U0NkX3lwWkR2bVNwblRFQTdHMktpNWZpX0taMUg2UUdBaVBETHBhdWNJX1QySGFmSVlhR2VQZ0R0VWV3d05R?oc=5) · Ocala StarBanner
- 2026-03-19 [Community First Credit Union buys land in Fernandina Beach for fourth Nassau County branch - The Business Journals](https://news.google.com/rss/articles/CBMiowFBVV95cUxQS3FuRVhmUTdCUjFxakxhSVc5ODVSbmExUE5YSEEwVUgtYnF2MDZPWnpYQXJWeGFpUzFPckdjZ3EyLU9RREFQMEpCUHcyOXRfVkFyV1VVQm41aFlvNjNLLUY0NTI4ZHM1c2dPLURJUkpDcExabHk4d0dJMW9WOGo3eFE4YlpMb0Z6bmJNOGlkVDFtRkVRLVJucEQtR2VPMVlfZ2FZ?oc=5) · The Business Journals
- 2026-06-17 [World Flag Series Launching This July - Collegiate Flag Football](https://news.google.com/rss/articles/CBMigwFBVV95cUxNT0xWRmxXckhDWG1EUWQxNU85Q0V5TmR5WlBGeXNVbW1pWjUzZmJqTnl6Z2ItZDBYU0xYd2tDSGkyWjBkZjJfSXoyUENMUmh4TDh3UTVzM09hMFh4T2REWlgycF95bkxsYmw0VkgzeXY5MXpNNGhMandndXZ0dGJRUWJBaw?oc=5) · Collegiate Flag Football
- 2026-03-18 [Firefighters First FCU Spreads Nationwide - CUTimes](https://news.google.com/rss/articles/CBMigwFBVV95cUxNUkY5Ny0tY0NFNGg3dHMyMmJRcEpITWdKODdQdS1pUnpsT1B3Sl9GQlBldUhTbEZjOWxHSTFIamROcjBFUFBRT1g2cFo1OFE5TzJ3dU1CZ1dVV2Y2YURCRHpmS3M4QzdvSi1GTUw3SWZaYVU2RGIyLTZfSkttQUg4M1dKWQ?oc=5) · CUTimes
- 2026-05-05 [Something Good: VSU sorority hosts flag football tournament to raise money for child abuse prevention - WCTV](https://news.google.com/rss/articles/CBMiwwFBVV95cUxPVVJBTGhrdVBDdHZEWHNGQzBKcWxVVk50amM0ZGlOTDhIQXpiN216NURzRzduVFA1YTBnT1RoYnJqM2FoNi03cWNNZW03eGNfSmhjUXZNSlJHOTQ1eDF1RG9QSVViUW9ULXlKMHNxUWdDNzE2QzBBc3JTX3NybmN0aUZhVWkxbXVjZFRoZGNjXzUwMlRvNjQtSTd4ZzJ2M0NJMDg1N0toT0R0YVkyUFRNSFRqZFlsekdIbVl6XzJMMU1BQUE?oc=5) · WCTV
- 2026-07-14 [World Flag Series Announces Teams and Athletes for First Event - Collegiate Flag Football](https://news.google.com/rss/articles/CBMipAFBVV95cUxPSlI1UjUydXpjVENtcUtlVG5zdDVXRm5FZ01NUzhuWmNWMkFEQ0d5U0ZXRkNGTnB3aU9ydnlRVmRPZkhnNk5RdVgtY0U3VThPaHB3LTAyeC1lTHU5UWFPVC11SmtYanlqOTlkaXpJMmNQa2QzZ3BfNnFhNFV5aXZtdGVCQXFxUUZrclhHTFNab1JqY19fWWdQTHpUd1FnMTAyZEFxaA?oc=5) · Collegiate Flag Football
- 2020-10-20 [FLAG Credit Union Awarded CU of the Year by League of Southeastern Credit Unions - Florida Trend](https://news.google.com/rss/articles/CBMiwgFBVV95cUxQbVdIVDJJSWtxQWI4cm9mQkhNbk1OUGZPOEVfZEF6ZzFaNTBiRXU2ZHVFbGR2RHhReDJIY3p1YnZHUGxoQm0wOUlQNDI5cVQ0b3V6VDgzbXNDT1l4QVZlMDZObnVvMVB5d3BpLXFkZ3p2d3NNSEQxdHRLTjB1UUVtRkhaU2MzMGl2YVNSREhRMkZxZ1NFYllBc1VHc3I5NFZwTE1iYVJWS0N1OWZmOTRSclZ3VHlFb19Oamo2X3FSeXVNUQ?oc=5) · Florida Trend
- 2026-04-02 [Florida Credit Union Amazing Teacher of the month: Nicole Hipple - Gainesville Sun](https://news.google.com/rss/articles/CBMi2gFBVV95cUxPc3doaWFMVmEyQWJDZ1BNZVBXWFVBQlBHUjRaeU5iZlBMUlZ1SnhSenhkRzB6dU1ZSU85WGktVWotbE1qa2tnVjNXTjRkYTRBNUF1bU9NaHhnREc4SExOYy1RQ3R0ekEwMlFrenhXR3p1LVNFcjBORnVyY2NJNVZhSFpReDh3Y3JKOEdwa3hKUGo4RnFJSjlER2NoM0UyWTZsV3Z3UHhaZjgxMUF2dmV1eEpwWW9Db0t1bG9ORjlQTnJpMEZrM2NmTXloOGtMa3V0TEFNRXhmRlA2QQ?oc=5) · Gainesville Sun

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=68461 (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/45.json (key "68461", 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=68461
- 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