# TROPICAL FINANCIAL
MIRAMAR, FL · NCUA charter 68476 · asset band $500M-1B · latest filing 2026-03 · live
Share link (named URL with a preview card): https://getbookiq.com/cu/tropical-financial-68476

Who the members are: state charter, organized 1935, low-income designated. 62,758 members of 6,878,530 potential (0.9% of the field); checking penetration 55% (share draft accounts per 100 members); loans per 100 members 53.

**Verdict on the desk:** this could be *participation buyer*. Composite score 2 of 18 (one point per flag across 17 flags, capital below 7% counted twice).

## What the filing shows

| Measure | Value |
|---|---|
| Total assets | $995.2M |
| Members | 62,758 (-5.9% YoY) |
| Full-time staff | 165 |
| Net worth | $93.0M |
| Net worth ratio | 9.3% (p28 of band) |
| ROA (annualized) | 0.43% (p31 of band) |
| Total delinquency | 0.73% (p63 of band) |
| Net charge-offs (annualized) | 0.69% (p74 of band) |
| Loans / shares | 92% (p85 of band) |
| Cash / assets | 13.0% |
| Borrowings / assets | 0.00% |
| Net interest margin | 3.92% (p82 of band) |
| Operating expense / assets | 3.65% (p55 of band) |
| Vehicles % of loans | 50% (p89 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 10% |
| Third-party paper % of net worth | 217% (p77 of band) |
| Vehicle delinquency | 0.40% (p34 of band) |
| Vehicle NCO | 0.74% (p44 of band) |
| Repossessed % of vehicle book | 0.11% (p70 of band) |
| Real estate % of loans | 36% |
| Credit cards % of loans | 2% |
| Unsecured % of loans | 4% |
| Commercial % of net worth | 72% |
| Core shares % of member funds | 56% |
| Certificates % of member funds | 29% |
| Average share balance | $7,788 |
| Participations bought / yr | $103.6M |
| Participations sold / yr | $0 |
| Participations outstanding | $155.2M |
| Loans outstanding per 100 members | 53% |
| Loans granted per 100 members, annualized | 33% |
| Average loan balance | $24,273 |
| Loans granted, annualized | $588.0M |

## Participation posture (from the same filings)

Bought $103.6M and sold $0 in the latest annualized quarter; $155.2M outstanding purchased (166.9% of net worth), $0 sold and retained. Sold in 0 and bought in 7 of the last 8 quarters. Shares -3.2% year over year.

## Flags firing in the latest filing

- **members leaving** (`shrink_members`)
- **3rd-party paper>100% NW** (`str_thirdparty`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 2 | thin capital, 3rd-party paper>100% NW |  |
| 2016-06 | 2 |  |  |
| 2016-09 | 2 |  |  |
| 2016-12 | 2 |  |  |
| 2017-03 | 2 |  |  |
| 2017-06 | 2 |  |  |
| 2017-09 | 1 |  | thin capital |
| 2017-12 | 1 |  |  |
| 2018-03 | 1 |  |  |
| 2018-06 | 1 |  |  |
| 2018-09 | 1 |  |  |
| 2018-12 | 1 |  |  |
| 2019-03 | 1 |  |  |
| 2019-06 | 2 | net worth falling |  |
| 2019-09 | 2 | delinquency rising | net worth falling |
| 2019-12 | 1 |  | delinquency rising |
| 2020-03 | 0 |  | 3rd-party paper>100% NW |
| 2020-06 | 2 | thin capital, net worth falling |  |
| 2020-09 | 3 | delinquency rising |  |
| 2020-12 | 1 |  | net worth falling, delinquency rising |
| 2021-03 | 1 |  |  |
| 2021-06 | 1 |  |  |
| 2021-09 | 1 |  |  |
| 2021-12 | 1 |  |  |
| 2022-03 | 2 | 3rd-party paper>100% NW |  |
| 2022-06 | 2 |  |  |
| 2022-09 | 2 |  |  |
| 2022-12 | 2 | delinquency rising | thin capital |
| 2023-03 | 2 |  |  |
| 2023-06 | 3 | charge-offs p90 |  |
| 2023-09 | 3 |  |  |
| 2023-12 | 3 |  |  |
| 2024-03 | 4 | net worth falling, assets shrinking | delinquency rising |
| 2024-06 | 2 |  | net worth falling, assets shrinking |
| 2024-09 | 4 | thin capital, losing money |  |
| 2024-12 | 4 |  |  |
| 2025-03 | 2 |  | charge-offs p90, losing money |
| 2025-06 | 3 | members leaving |  |
| 2025-09 | 2 |  | thin capital |
| 2025-12 | 2 |  |  |
| 2026-03 | 2 |  |  |

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

- 2026-09-03 [Tropical Financial Credit expands South Florida branch network with new location in Hialeah - CUInsight](https://news.google.com/rss/articles/CBMizAFBVV95cUxQYThhOGotMk50MVM1T2psOTUzRWJBemV3OFFwUjJYa1VpcHBvb3lwSFktdURwV1M4b2VxMk8zeTlsenlYcEtMTFNBX0xoaUJQQVBLZ0wwMmRzUWhUVjNQOU44SzVYMUZpMThCckU2b295TnZfaC1rNmVtWkxkU2hGbUZWMmtQWWM2VkN6dlpTcmZBVXdxQXYzUldxb0lGcnhYanRPSjBMb04zemE1R2gzN1hNTTVVN2sxREZpODhpeVU2c1Ytb2dMM3R2aGg?oc=5) · CUInsight
- 2026-04-27 [Tropical Financial Credit Union - The Business Journals](https://news.google.com/rss/articles/CBMioAFBVV95cUxNVG5jWVluN3FrSFZGUldlQzNqMzVfdmFybkxKREZ3UFctUEU0djZIa19hbS1fMXVSbFJWeWhNeU1UQ1lvcXhsWnhGcUpxRTNNT3pwbS02Nkd5SVdWUXBqbjk5MW9kRXhJTWhKWko5cUN1N1dNRm5ZUVp0Z0o2MGRMRm9VNnp6bnNFTUZ4SWtQNlFLVkpLZ2prdHhpektfZTJB?oc=5) · The Business Journals
- 2026-02-24 [Tropical Financial Credit Union hires Lourdes Rey-Wilson as Human Resources Director - CUInsight](https://news.google.com/rss/articles/CBMiwwFBVV95cUxPMXlpYjQxU2ZPVDkzc3pyZlExbFgzSGpYZmpkbEVEN001MDRXYnVsWDFfc0ZHZmJhWEhKUmtzREVSV2l1Z2h2YlhsY2pPQ1cxbUQ4OU02ZDlMTnlsRkFIeGZ6ZmViQVl3NURSWnBHczdwQkxGNVg0UDZaQXJaWXRPU1g2dVlKcWFycHpfNXhWQTd4Z3VmUFBId0hlVGdJOXE3ejRBbGE4REJlT1VoTVB5eEY1RFIyTjdpU0FQV3hxbnFZVkU?oc=5) · CUInsight
- 2026-08-28 [BoardroomPR Wins Bernays Award for Best Social Media Campaign from the Gold Coast Public Relations Council - USA Today](https://news.google.com/rss/articles/CBMi7wFBVV95cUxPUXRiSDVVbEhGa1hVbHFPZlN3NEE2SjR2bmNQN1BhdFpOUTNjYTh5bDJFdmU0R2d2U2JlVUVaVG03UEx6MTdNOVE2V0dKWnZWd0dsTGx6clFCQW8zU0NMYzJyM3htd2NndzE5Q2VDTmRVVENBMGxBTGN6OVU5Y1RrMDJSRGRlTnREZjRlay1Hd0dEREN2cEdvTUo0S1VnXzV2UXRnTkM3UG5fNWZrQUlUazFydjBqQzZGRDhxVGtScmwtR2NXUTc1ay1MSFVIbTRBTWRnWGlVbUZDOVBHdk9wNHNfcjlMUzBzd3FidnphYw?oc=5) · USA Today
- 2026-05-25 [‘Prize at the Pump’: Local 10, Tropical Financial team up to give away $2,500 in fuel cards - local10.com](https://news.google.com/rss/articles/CBMiygFBVV95cUxNMmpjdVc4eUYxMTB0ZXFUYy1YazdKcm9HaW81TFJvcVcwN19wX195V2xPeGFGYUlvVGJoTHhQb3dDM09sZUhjUzJTcUlHZUc1WlpDSWhwYUcwelprSEExY2NQc3gybkVNWk9IN2g3RzFvamQxWnJWSVBBMWpfN1Ziako2SWJOVFducTlBQW1UZzZodFdkMG9MNDZYeFF4LVh2SjFJMi1ObU5PbEQ2Q1Jhak9ZZUxRWnd3WmRBZHBfMTNYQjZFclVON2J3?oc=5) · local10.com
- 2025-12-18 [Tropical Financial Credit Union partners with Local 10 for the Big Bus Toy Express - CUInsight](https://news.google.com/rss/articles/CBMiwAFBVV95cUxOaGlPdzFTWG1UUkpsblgtdUlFam9sMlYyYkVxZDl5NGxrNkUzaGpxTzE3V3VQRG5zOUdQbUxKODhYMDlqRHhjamNtSWZqaG1MSUpneVl2QnRHSnZJa2NSa1pqQzRsRDVSMWtuc0JRSFdSdFBJR0pRMDBJR1FMN0RKc0tla3l4NGFZMzdUbDhGbWFBZGtrUkdNb1BEZm9ueU81SkFmV0h2U05qazJaU3prMHUzMUYtUXZQTWh1eEtNd3g?oc=5) · CUInsight
- 2025-07-11 [Friday’s Afternoon Update - Florida Trend](https://news.google.com/rss/articles/CBMiekFVX3lxTE5ZZ1lwcE1GY1h0b0VZOGwzcS11NlNBS1FGeS1vUEZJVmliTlhlNGV6NzI3ZF9XZEtkaWdkRGtIdTlnUVpBNEhQa2xMbTdBRFBzdmtoSlVKdEJIajBFckJES0FtUUZYb05fOThFSWtNXzNLOTJoSDNYMnp3?oc=5) · Florida Trend
- 2021-08-11 [Tropical Financial Appoints Nicole Phillips as Digital and Social Media Content Strategist - citybiz](https://news.google.com/rss/articles/CBMiyAFBVV95cUxNSF9aTmZfNVdVclVscnQ1bFFhcmhhcmVRdHVFX2R2RldydGE4Z0VldUlKeEl3ODlhSkZSb1QwTEo4Umd0RE9qcG80UFI5c3ZXNUZZYmg2aDVncTFqcGZrb0NBczUxMTBOam1ZX3lMaEtvcUtxOXk0NlpxZkpjdVFscG5hTXdnTzRCV3BHU0YzbG9oUWE3X3EyRmFrdE52bHRmLTVaSUdjR2hqWGhSdnpucldwNlVHWUc5Y0FVNkdxUzYtekFPNGIzYg?oc=5) · citybiz

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=68476 (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/60.json (key "68476", 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=68476
- 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