# ADDITION FINANCIAL
Lake Mary, FL · NCUA charter 68702 · asset band $1-10B · latest filing 2026-03 · live
Share link (named URL with a preview card): https://getbookiq.com/cu/addition-financial-68702

Who the members are: state charter, organized 1937, low-income designated. 257,388 members of 9,300,000 potential (2.8% of the field); checking penetration 76% (share draft accounts per 100 members); loans per 100 members 82.

**Verdict on the desk:** this could be *indirect 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 | $3.81B |
| Members | 257,388 (35.4% YoY) |
| Full-time staff | 698 |
| Net worth | $374.0M |
| Net worth ratio | 9.8% (p30 of band) |
| ROA (annualized) | 0.47% (p28 of band) |
| Total delinquency | 1.10% (p83 of band) |
| Net charge-offs (annualized) | 1.05% (p87 of band) |
| Loans / shares | 63% (p10 of band) |
| Cash / assets | 7.5% |
| Borrowings / assets | 0.92% |
| Net interest margin | 3.39% (p55 of band) |
| Operating expense / assets | 4.12% (p89 of band) |
| Vehicles % of loans | 30% (p60 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 60% |
| Third-party paper % of net worth | 117% (p43 of band) |
| Vehicle delinquency | 0.61% (p54 of band) |
| Vehicle NCO | 1.12% (p57 of band) |
| Repossessed % of vehicle book | 0.14% (p70 of band) |
| Real estate % of loans | 32% |
| Credit cards % of loans | 4% |
| Unsecured % of loans | 24% |
| Commercial % of net worth | 71% |
| Core shares % of member funds | 52% |
| Certificates % of member funds | 18% |
| Average share balance | $5,442 |
| Participations bought / yr | $12.0M |
| Participations sold / yr | $0 |
| Participations outstanding | $382.2M |
| Loans outstanding per 100 members | 82% |
| Loans granted per 100 members, annualized | 5% |
| Average loan balance | $10,186 |
| Loans granted, annualized | $668.2M |

## Participation posture (from the same filings)

Bought $12.0M and sold $0 in the latest annualized quarter; $382.2M outstanding purchased (102.2% of net worth), $73.4M sold and retained. Sold in 7 and bought in 4 of the last 8 quarters. Shares 32.5% year over year.

## Flags firing in the latest filing

- **delinquency rising** (`aq_dq_rising`)
- **3rd-party paper>100% NW** (`str_thirdparty`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2019-06 | 2 | expense trap, 3rd-party paper>100% NW |  |
| 2019-09 | 1 |  | expense trap |
| 2019-12 | 1 |  |  |
| 2020-03 | 1 |  |  |
| 2020-06 | 2 | net worth falling |  |
| 2020-09 | 1 |  | net worth falling |
| 2020-12 | 1 |  |  |
| 2021-03 | 2 | net worth falling |  |
| 2021-06 | 1 |  | net worth falling |
| 2021-09 | 1 |  |  |
| 2021-12 | 1 |  |  |
| 2022-03 | 2 | delinquency rising |  |
| 2022-06 | 3 | charge-offs p90 |  |
| 2022-09 | 4 | leaning on borrowings |  |
| 2022-12 | 4 |  |  |
| 2023-03 | 5 | delinquency 2x band |  |
| 2023-06 | 4 |  | delinquency 2x band |
| 2023-09 | 4 |  |  |
| 2023-12 | 4 | net worth falling | delinquency rising |
| 2024-03 | 5 | margin squeeze |  |
| 2024-06 | 5 | repo signal | net worth falling |
| 2024-09 | 5 | assets shrinking, loan book shrinking | leaning on borrowings, margin squeeze |
| 2024-12 | 4 |  | loan book shrinking |
| 2025-03 | 5 | loan book shrinking |  |
| 2025-06 | 4 |  | assets shrinking |
| 2025-09 | 5 | net worth falling |  |
| 2025-12 | 4 | margin squeeze | repo signal, loan book shrinking |
| 2026-03 | 2 | delinquency rising | charge-offs p90, net worth falling, margin squeeze |

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

- 2026-08-31 [Addition Financial Credit Union and Florida A&M University Announce Partnership to Support Student Success - Florida A&M University - FAMU](https://news.google.com/rss/articles/CBMi0gFBVV95cUxQcFpTYTRWNEZtWVI4WXR6THNKQTM5SGlBNDA1U2NOWHNTWjJPTDIxMUE3X3RDVXhNNjlqZUI1Zmo1UnE5eUc5OGRMamxXbDJCdzdfYmR2VDB6NXhoakpSMjJuVWdxR0ZKNkZCU0Q5bkI2U2g3R2xsSlphbHR3TkRmLV9FQl82eVBUR3hVNTE0d29MWUdGRkU5WVdYaldlTl9lVm5TSlVaZFZjdkJlOXM0S3ZxT3ktS05Zb29obFZsUmlZNVVLdS0tTEozUkd6dUREbnc?oc=5) · Florida A&M University - FAMU
- 2026-06-09 [Addition Financial Credit Union names Miriam Mitchell Chief Growth Officer - CUInsight](https://news.google.com/rss/articles/CBMitgFBVV95cUxPZjJTeGFzZ2RPN0FGS0VMZkxzTGNqMTBSS1VpaWFDcnBGdUVOX3NsaF9MejNkOFMxTEZhNDN2akY0bnZUTjhTbktaSFpPRml3NDVicHl4WVlGWXBBc0hOSWZVaU53cWVqdGlUMy15Zi0xdnJ4NFpMUlZHNWlQc3FpMnZESHFEN1U5ZTR0LVdSSUtsTTQxZWhCMjFVWk9sd2VEWXVBZVdmTXhaNHoxU1UxMmZJQ0NDQQ?oc=5) · CUInsight
- 2026-03-03 [Addition Financial Credit Union releases statement addressing recent banking systems conversion - WCTV](https://news.google.com/rss/articles/CBMixgFBVV95cUxPQnYzS3VJc0JxM3V0bklpWDJVRXJwYXZnbW5TREI2SmZMRW1ST1R5dXpIR3lUN1RVZjh6ZkRFZWFCMUNSS0R2S21QampQeUFlcEpBeTJjNEtUSE0yMnprRGxXVzBvMWotZVc1Q1NoUVpvLXJEM2w5T0ZDVVBObElHSDh5U21vVGNFY1cyamZvdnlWRXZQRWsyU1hCT3NQTzZnY1BDQXVFa0MwTmpwbG1iakdUVWRLM1dXTGpTall6Q2pfd2dfMVE?oc=5) · WCTV
- 2026-03-03 [Envision, Addition Financial credit union transition leads to client headaches - Tallahassee Democrat](https://news.google.com/rss/articles/CBMixAFBVV95cUxOYVZtTl9vTFBNbGxjSWdMUjl4X2daY0lOa0ptb0VYRHFhNTF5SWdvLUg1Z1BmXzNDQkN3bWc4bC1RZDFYUFZMVDFuV1R2cmNlSFNnY2FLeGl0dmdlQWZuc3V1WjNqRlBWaFZBUVExT3prQk9GQlY1dnFOX0NFdlAxUHVTcThjNVZDNFBTWkFGYjNTS1pBbXBrYVlELU9qa1RSY0FvQXZHQXU4VkQxLUxaS01vcG16OHhucWlvRlUxUGdPYnlP?oc=5) · Tallahassee Democrat
- 2026-02-17 [Addition Financial Credit Union expands executive leadership team to support growth and strategic vision - CUInsight](https://news.google.com/rss/articles/CBMi3gFBVV95cUxOSFVlSVc5eGgzREg5bTdWVXA1cm84aVZ1Q3hlSnJyUC00X3VIWi1tMjZQZG9Lei1oWTBORWFKUU1KTzRGYXZvUGFCWGtfcTg2OGtRYllyX0hZaE41Tnp6YzdpTEozUk1rbkhfdF9oOG5mdzdsS2QybGE3MlNzcXhuUDFkSFNIbUZYc3pTOFk4UnFRczZnS3Y2TnVhbjdsVWJXZ0pBdlZwTExwT0xtMHFHQzhMa1VTc0FTcEc5clRiQnA1cjh0Szgxc2k0Z0hDTGl0ckt1Z3Z4UVVDUjl1YVE?oc=5) · CUInsight
- 2026-03-09 [Addition Financial responds to recent banking systems conversion as LCS reviews partnership - WCTV](https://news.google.com/rss/articles/CBMiuAFBVV95cUxOaWwtWUEydEpnNUNneC04TkZpZ0cwM3BBMmF5dW92U0pXWXh1MEVyR1RvbHRubEJKcWZvand3MktoTlJlbzJQb0FuZkVPa0YxTGVFVlJaYU5ZYU9pcVBsTTdvUXhwZkJ3ODZPMUhWc0M4YzZ3NGptTWJsVnNaVklQQXZrWUFlM1U4MzRUclBtc1czS0Vkb3JnSkwxa3A5SjJ1Y0dqVWpVb0hMNTBiZjVSV1lsQmhmUkNC0gHMAUFVX3lxTE5JTEpUOFVwVTFsRkU1aHBoTmxCaDNVandtdjgtNWhicDFvYXpwNGV4LTlKSGtTOHlhN1hETGRIbm9XcHZCMzVYSXpVRjVtX0owTU1kQUo5aG9UMXBqSDBUaUwyalNINDRCMFFJNjllaktVZzhab2Y0Ri04MnlmdTFYdU5oRE5RNEJydUEtZnAzTXExRHFUMTVQbGFabXRVNWpoc2lYTFRBOWpNZHdfRFZDWWRuaWxKdEFBY3F0SDhBTXFRdHdxTFF2WkIxNQ?oc=5) · WCTV
- 2026-03-03 [Envision, Addition Financial transition leads to client headaches - Tallahassee Democrat](https://news.google.com/rss/articles/CBMizwFBVV95cUxQYXBYdzVaYmtCRm0zWlp4RGhPYjk0bW5NWm5xeURaTnoySnptd29XakVvZ2dyYXdkQ3JnWTV5MTZVZ3hId0lULUVtclRSQW9qbklSTnU3a2pNeURPVzlTMTNQSWh1dG82Y3oyVV9Pd29lNWdnVkZEQXU5NWhZQklHUUFTSjRyVG9Ma3FMTHQ2VkFHQ3VjUUJwU1M0SDNPc3JBQXF3UHEzMTc5czdRa1pNVGJsSnFmR2JzaWlKMW9ORUtqZVIzbHh2Xy1ia0EycWM?oc=5) · Tallahassee Democrat
- 2025-09-23 [Addition Financial CEO discusses merger, community impact as credit union expands footprint - The Business Journals](https://news.google.com/rss/articles/CBMipwFBVV95cUxNMTFHUkstWGhKVGVydmVyajdScHVkOHRlTmtyX0YxRW5kMDFnTkt3aTZDckphTUhxZEZuUVVfQ0R0d05qd1JWQ3VWcVAzM0V6RkktQlZWRFpCbnRUaHBaSlNnMXlVZDhGYUdCdmxsbTlPd2lpS1lxLWhyazdUcHdGNE1hckJNWGhyV29TbDRSSmRReDBDMkJLOVZGTmpfQUJUWFpsNFNYZw?oc=5) · The Business Journals

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=68702 (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/30.json (key "68702", 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=68702
- 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