# GULF WINDS
PENSACOLA, FL · NCUA charter 68694 · asset band $1-10B · latest filing 2026-03 · live
Share link (named URL with a preview card): https://getbookiq.com/cu/gulf-winds-68694

Who the members are: state charter, organized 1954, low-income designated. 74,184 members of 6,356,579 potential (1.2% of the field); checking penetration 73% (share draft accounts per 100 members); loans per 100 members 64.

**Verdict on the desk:** this could be *ordinary*. 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 | $1.33B |
| Members | 74,184 (2.5% YoY) |
| Full-time staff | 237 |
| Net worth | $132.0M |
| Net worth ratio | 9.9% (p32 of band) |
| ROA (annualized) | 0.85% (p62 of band) |
| Total delinquency | 0.53% (p41 of band) |
| Net charge-offs (annualized) | 0.70% (p67 of band) |
| Loans / shares | 77% (p27 of band) |
| Cash / assets | 14.9% |
| Borrowings / assets | 0.00% |
| Net interest margin | 3.63% (p71 of band) |
| Operating expense / assets | 3.61% (p71 of band) |
| Vehicles % of loans | 51% (p90 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 42% |
| Third-party paper % of net worth | 163% (p57 of band) |
| Vehicle delinquency | 0.55% (p48 of band) |
| Vehicle NCO | 0.93% (p47 of band) |
| Repossessed % of vehicle book | 0.32% (p92 of band) |
| Real estate % of loans | 29% |
| Credit cards % of loans | 4% |
| Unsecured % of loans | 11% |
| Commercial % of net worth | 6% |
| Core shares % of member funds | 56% |
| Certificates % of member funds | 33% |
| Average share balance | $7,859 |
| Participations bought / yr | $105.0M |
| Participations sold / yr | $0 |
| Participations outstanding | $54.7M |
| Loans outstanding per 100 members | 64% |
| Loans granted per 100 members, annualized | 18% |
| Average loan balance | $19,276 |
| Loans granted, annualized | $382.8M |

## Participation posture (from the same filings)

Bought $105.0M and sold $0 in the latest annualized quarter; $54.7M outstanding purchased (41.4% of net worth), $0 sold and retained. Sold in 0 and bought in 8 of the last 8 quarters. Shares 6.9% year over year.

## Flags firing in the latest filing

- **net worth falling** (`cap_falling`)
- **3rd-party paper>100% NW** (`str_thirdparty`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2018-12 | 0 |  |  |
| 2019-03 | 0 |  |  |
| 2019-06 | 0 |  |  |
| 2019-09 | 0 |  |  |
| 2019-12 | 0 |  |  |
| 2020-03 | 1 | net worth falling |  |
| 2020-06 | 2 | delinquency rising |  |
| 2020-09 | 2 | margin squeeze | delinquency rising |
| 2020-12 | 2 |  |  |
| 2021-03 | 3 | members leaving |  |
| 2021-06 | 0 |  | net worth falling, margin squeeze, members leaving |
| 2021-09 | 0 |  |  |
| 2021-12 | 0 |  |  |
| 2022-03 | 0 |  |  |
| 2022-06 | 0 |  |  |
| 2022-09 | 1 | delinquency 2x band |  |
| 2022-12 | 2 | delinquency rising |  |
| 2023-03 | 2 | charge-offs p90, 3rd-party paper>100% NW | delinquency 2x band, delinquency rising |
| 2023-06 | 2 |  |  |
| 2023-09 | 1 |  | charge-offs p90 |
| 2023-12 | 1 |  |  |
| 2024-03 | 2 | net worth falling |  |
| 2024-06 | 2 |  |  |
| 2024-09 | 1 |  | net worth falling |
| 2024-12 | 2 | members leaving |  |
| 2025-03 | 2 |  |  |
| 2025-06 | 2 |  |  |
| 2025-09 | 2 |  |  |
| 2025-12 | 1 |  | members leaving |
| 2026-03 | 2 | net worth falling |  |

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

- 2026-04-20 [Gulf Winds Credit Union raises over $100,000 in Chip in Fore charity golf tournament - CUInsight](https://news.google.com/rss/articles/CBMiwAFBVV95cUxPUmtEZFNueFRmNTJNSkdJNXRHLUw5RjI5NExlNWNacnBwRmxKQXJxQTlWMXhNOTVCOEVmLW84bGxhVGVvTElDYklRM3Y0cEp0eFZRSlliYjdOR2NnMnJpbWZtcl81TzIyUnB5QWVhcDd4dDhmay1INVdrcUZIMER1dVFuSXkyZ216ME5hZUZxeENSckZOT2xpOGUtS2lnTlBISDFPb3g2cTB5V3hma0tLcTRXMFpTLWxQU0V2bTMyQU0?oc=5) · CUInsight
- 2026-08-26 [Gulf Winds CU Plans Bank Acquisition, Rebrand As TruWorth - cutoday.info](https://news.google.com/rss/articles/CBMimAFBVV95cUxPWVFGNUN0T1l3TTFtSzRCZVZxMFFWWjUyalNQeHBERllKVzlfTy1aYzZDT2NZODN1bmNJNVJUSlA2MUVaZ0xKUHd3MExobnoxLUhYcmZEcFNpdDNDVUNnNlFQcE1ELXNlendoWTJweGtMT3N5cTVzYkN1RlhLa2x1TVB6ZGdpdGJVZ3dtTk5EVWF1WFlnamdoeA?oc=5) · cutoday.info
- 2026-03-30 [Pedestrian seriously injured after car crashes into Escambia County credit union - WEAR-TV](https://news.google.com/rss/articles/CBMipAFBVV95cUxNRVQ5VnBfRzg5ZjZzdmtBT241bm1uWDJyZVNvRnhpRWt0TVFBa2hUNTNoRjRmVzc1cmxKZV8ycUpnRm9wXy1FSHVLblREcVNCNnRHV2NSTWI3a2ZBMzhWVHhVOW1YcnlIRExxRHVBS3ZsYWFFaEYwbS1WTEEydy1IRlI3TVdvTkhVSVV4eFNCOWxCdGpuZFA3d2c2RWZ5cDdaVmQyQw?oc=5) · WEAR-TV
- 2026-03-31 [Elderly woman drives into Pensacola Gulf Winds, seriously injures man - Pensacola News Journal](https://news.google.com/rss/articles/CBMixAFBVV95cUxPYnV1T2dIY1JOWURnTVU5aFA5eXllSTJhbW5fMmExOGltVU5lWVNQSnQ4bWM2UTNUUVFIOXN1XzlpcjNOU2tWcnVaMnRHYk1mNnROcTFOSVAzbXlYZG9XUS1la1FVUERvcVdqT3VwTUxpRktobENRbnk4MXBwWFVUOFhablBQMUo2bURpSGYyNWpHS2lOTG53cDljWjBGWkY5WDBqYlo1QkJPOTlNR0xhdW01cWpIX1FxMlRfVG1oazlwc2U5?oc=5) · Pensacola News Journal
- 2026-04-19 [Blue Wahoos, Gulf Winds Credit Union Partner for "Giveback Sunday" - MLB.com](https://news.google.com/rss/articles/CBMioAFBVV95cUxNVVFnV2JYTFdPSnc5ZTZqUGpab2JiclJKQnNmaUNGZG1HOGtTTlJPRHZ4Mk9KUWhsaTN5bzU2LWRiMTd1bGhvUVUtVVU1WFpRRC1UT0Etck03QU1rMHJrTkpHR09meHdUQm0wbTM1bW5MUzZ5MXNGVEVwTVh0ZlN3ZlJ3dV8zSk1NTUtjXzdaV3Q2Tk5xZ1lrUldfRXpaN1NO?oc=5) · MLB.com
- 2025-12-04 [Gulf Winds Credit Union to break ground on new Nine Mile headquarters in Pensacola - CUInsight](https://news.google.com/rss/articles/CBMiwAFBVV95cUxPUGNtUVVqckd4VVh6TVJYR0lkemFmY1hETVJpd0JlX01fWHdxNTlBV1JrS2tGWDhyeURLNU1wX2ZRVVNLQjdsLVY3Y0ZUNVN0MmYwbkdQNjNaSkFWNUNlc3ZhZ3A4UVVKTEt4ZkxrdXQ0SWlka3VWcG9jekxuakRoUmhzQUtZTURvdWlRd2pYeHlrVGtORUNvSXhBZmtXcks5ODZJcVNlakpIT2J2bC0xekJIcE82R01LZ2V6b0t5Mmg?oc=5) · CUInsight
- 2025-12-22 [Gulf Winds Credit Union breaks ground on new Pensacola headquarters - CUInsight](https://news.google.com/rss/articles/CBMirAFBVV95cUxOdlpmakhjTi1EcGVVSU1JVGQ1WnJ5WDc4Z0NMVXQwODF5Vnl6UUZqM2EtR3Ewc2doeHozal9OZERDYTRxcEFoRExEOE9FMGtfdE9DSC15UWd5T01qNjlrTU9ZLWJOQVY0S2lJaTN1bGZOLVowT0k4RzA4eWdQR2VyMkczSlNreXNQWGlwLUdEZUZaTkJsek4zTElyOEJhbVpXbVNyNjkwWjQ4dWxP?oc=5) · CUInsight
- 2024-06-13 [Century Woman Charged With Defrauding Credit Union Of More Than $79,000 - NorthEscambia.com](https://news.google.com/rss/articles/CBMiqgFBVV95cUxQcXc1NmNNREhRY0VBeTBVVnZEbi1NbmpnRERDMnpYenp1VjQ1VnFDYkdjSEZ6LU5GQU5ZZ1JoSHFmNG1iaHNwZ0taM2lQdTZUSkNkSGNFeDZ4RXdiLVBRcEJYUVU2S1J4NW56VC1MT2QxR2dNYmxlX0R5Y0E2Ql9ad2FMZVJkMTNYZWo1bXFab09OczJtRXVaRkM5UG9Vd3BnU3p0aUpPRF9HUQ?oc=5) · NorthEscambia.com

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=68694 (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/22.json (key "68694", 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=68694
- 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