# PENAIR
Pensacola, FL · NCUA charter 68734 · asset band $1-10B · latest filing 2026-03 · live
Share link (named URL with a preview card): https://getbookiq.com/cu/penair-68734

Who the members are: state charter, organized 1936, low-income designated. 138,071 members of 2,419,783 potential (5.7% of the field); checking penetration 60% (share draft accounts per 100 members); loans per 100 members 53.

**Verdict on the desk:** this could be *auto monoline*. 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 | $2.77B |
| Members | 138,071 (5.5% YoY) |
| Full-time staff | 402 |
| Net worth | $320.8M |
| Net worth ratio | 11.6% (p66 of band) |
| ROA (annualized) | 0.39% (p21 of band) |
| Total delinquency | 0.58% (p46 of band) |
| Net charge-offs (annualized) | 0.91% (p81 of band) |
| Loans / shares | 70% (p16 of band) |
| Cash / assets | 14.6% |
| Borrowings / assets | 3.61% |
| Net interest margin | 3.03% (p31 of band) |
| Operating expense / assets | 3.29% (p55 of band) |
| Vehicles % of loans | 61% (p97 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 87% |
| Third-party paper % of net worth | 279% (p81 of band) |
| Vehicle delinquency | 0.64% (p55 of band) |
| Vehicle NCO | 1.15% (p59 of band) |
| Repossessed % of vehicle book | 0.29% (p90 of band) |
| Real estate % of loans | 19% |
| Credit cards % of loans | 3% |
| Unsecured % of loans | 6% |
| Commercial % of net worth | 63% |
| Core shares % of member funds | 54% |
| Certificates % of member funds | 38% |
| Average share balance | $7,510 |
| Participations bought / yr | $4.0M |
| Participations sold / yr | $0 |
| Participations outstanding | $77.5M |
| Loans outstanding per 100 members | 53% |
| Loans granted per 100 members, annualized | 15% |
| Average loan balance | $23,049 |
| Loans granted, annualized | $660.0M |

## Participation posture (from the same filings)

Bought $4.0M and sold $0 in the latest annualized quarter; $77.5M outstanding purchased (24.2% of net worth), $79.7M sold and retained. Sold in 6 and bought in 5 of the last 8 quarters. Shares 10.7% year over year.

## Flags firing in the latest filing

- **3rd-party paper>100% NW** (`str_thirdparty`)
- **auto monoline** (`str_vehicle`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2022-09 | 3 | charge-offs p90, 3rd-party paper>100% NW, auto monoline |  |
| 2022-12 | 4 | leaning on borrowings |  |
| 2023-03 | 5 | net worth falling |  |
| 2023-06 | 4 |  | net worth falling |
| 2023-09 | 4 |  |  |
| 2023-12 | 4 |  |  |
| 2024-03 | 6 | net worth falling, delinquency rising |  |
| 2024-06 | 4 |  | net worth falling, delinquency rising |
| 2024-09 | 5 | assets shrinking |  |
| 2024-12 | 6 | repo signal |  |
| 2025-03 | 4 |  | charge-offs p90, leaning on borrowings |
| 2025-06 | 3 |  | repo signal |
| 2025-09 | 3 | net worth falling | assets shrinking |
| 2025-12 | 3 |  |  |
| 2026-03 | 2 |  | net worth falling |

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

- 2026-07-29 [UWF to announce major commitment from PenAir Credit Union - University of West Florida](https://news.google.com/rss/articles/CBMihgFBVV95cUxNRk9sUmNWeU9reXE5cWtHcG5ZeGRTMkNBenJXSXVJdG1ZdC16ZlRxMV82Q0Mzdk9yNG5VVXJXNWREV05NWG52OEVZMVltMS1IWlBDM2pvRkhWZS1lWGlwRnBwN3RzdFF5S0M0LVVQR1hGX01ZcDBOdkc4OVhMUDFOb01qYTJvZw?oc=5) · University of West Florida
- 2026-08-23 [PenAir Credit Union makes $1.7 million commitment to UWF Athletics, names Field House - uwfvoyager.com](https://news.google.com/rss/articles/CBMiuAFBVV95cUxNdlhKbHpWbG0zemdCQUxXWFlQX1ZWbG5HSnQ5ZVc3aVNWZFI2MzMxeWV0X0RoV2EwWGhEdDR5eE0wRUNLT3NtdF9Xb2dnME9rR3RxUHBhbFB6SHdDYldyQmlWZmNXZk1yVTBheGdpbFJSXy1vVnp3dTFoSkdQaWE4Q0FNUFhSNUx6WW9kTUFtbVNpX3VENEtTYUtpcDlrYklOWU5IXzJvUGN6YjVJTk5TOE9lVTAzdGh3?oc=5) · uwfvoyager.com
- 2026-08-14 [UWF to announce major commitment from PenAir Credit Union - uwfvoyager.com](https://news.google.com/rss/articles/CBMilgFBVV95cUxOdG5vcGhxcTNYNHZNUmhyQ20wSksyRlJtTURKYnluRkQtVnNhOXZWUk9nU19EdnJseVl1Y2p1YmJyMndmVW53ZjNnMnc5SWpmanQxbkdXNTRKLVQ4c0pJcVItdm4zZ1JMRWdoaFJVUHdreER3N3VaMzdkNkhkY1N3a245ZU03M1Noa0Q5bU54ZkduUUJCenc?oc=5) · uwfvoyager.com
- 2025-09-30 [NWFL credit unions ready to support military members amid gov shutdown - WEAR-TV](https://news.google.com/rss/articles/CBMirwFBVV95cUxQSkMtYUoxT0FBRlEzbEYyTUV4STgweEUyLW16N1hfNHJNZUxfQ0FKNXRYcnZzT1hNbU9na0NVOTEwMmszUGRyX1BTalFycHhEbnk4Y0pEakE2STYtVFJ4c1R1bUhZaWZHeHBpTXMyUVVTSnd2WVl2R2xiMl81NzNtX2VGVzZfalBYY0dkQUlRVHJac1lEb1dFeFJtcnlvS3VsM2lIeWx5SkVvM2xjb3Aw?oc=5) · WEAR-TV
- 2025-09-24 [PenAir Credit Union expands partnership with NCR Atleos Allpoint Network - ATM Marketplace](https://news.google.com/rss/articles/CBMirgFBVV95cUxNX0RUeDE2UlVHSndCUVM4aVlNSTdVQ0FnRW5sR2JqNFloc3NfNE9MdFotZkVFb0FDT3ZxQ293MzBudTh6V2N3d3BCX0xYZWJDT0Rrb200V2FvR1VnWHVGaktrUUZTY04tRm41eWtnRVp1RC1XZDU4TkY1ME42Zzl2NkZJU1ZHb3ljZUVCbEtiMnhteGhyR1paVmMzX0RIMHplbGZ3X0dCdzhsYVk1SkE?oc=5) · ATM Marketplace
- 2025-09-17 [Credit union making its move into Panama City Beach. Here's what we know: - Panama City News Herald](https://news.google.com/rss/articles/CBMixAFBVV95cUxOMFBQOHo1LXA4WjZ4WjFvM2IxcEJycWswN0tTOE0xZlFYZG5rT3lNVXdNMm5NZWMzNVE3bjJEcndDUml3MmxiZGhqRlNDcGk2NXRlVVVSQk1EclZWeTFDcTNDcE5iY0VtMGlnV2dlMzQ3dXd3ZWRrcUJWWG9yUldOb3E2dXVPdW1aWjFzbVFqUXg2Q3lvT0dWZlUwYzVQX0RQZDlQX3BPTjctaE5DcEVNVjR5YVBjUGJycWZQNXh5T2V0S0d3?oc=5) · Panama City News Herald
- 2025-07-11 [Takeoff Mode - Florida Trend](https://news.google.com/rss/articles/CBMib0FVX3lxTE1pcXlKbVluU1NHOUhQX0lxWWVYeFVsR0I4RU1QejU0QVpXTURJMy15UERpRjllOUpUTlpTa3VfMjJoM1dmc3pzS0hNbGh0ZTA2a1k2MHZKY282eUFwbEtfUXdRdE1BY3A4TUpSaUxVNA?oc=5) · Florida Trend
- 2025-09-30 [Pensacola man faces 30 years in federal prison after lying to banks to get loans - Pensacola News Journal](https://news.google.com/rss/articles/CBMiwAFBVV95cUxQMEtPQ3NVekw0TkNDZW9fT2J5bDdZQUdlZ2ZkeTNJMGRCMXZhODNSVVRvM0dFYjJPQUhpUUQ5ZTdBWEJLZlJPdThWUEU3cU5CVVpZNlFPUHVONGxzaFMyb2NDQlFNWXNfZjBwc1JMS3lhY29zdjFGV0dNdDMzYVI4VGVuOHpRNWdPNUVIYmUyM2t6akVoQThaWExCTF9lTEtPOF9Ec0thMzBiZUR5cHg5VFlzbUhPdHNCZW1VUDE1djI?oc=5) · Pensacola News Journal

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=68734 (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/62.json (key "68734", 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=68734
- 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