# WINSOUTH
GADSDEN, AL · NCUA charter 68744 · asset band $200-500M · latest filing 2026-03 · live
Share link (named URL with a preview card): https://getbookiq.com/cu/winsouth-68744

Who the members are: state charter, organized 1951. 35,752 members of 2,250,000 potential (1.6% of the field); checking penetration 68% (share draft accounts per 100 members); loans per 100 members 51.

**Verdict on the desk:** this could be *indirect buyer*. Composite score 1 of 18 (one point per flag across 17 flags, capital below 7% counted twice).

## What the filing shows

| Measure | Value |
|---|---|
| Total assets | $468.9M |
| Members | 35,752 (– YoY) |
| Full-time staff | 107 |
| Net worth | $48.9M |
| Net worth ratio | 10.4% (p36 of band) |
| ROA (annualized) | 0.66% (p47 of band) |
| Total delinquency | 0.68% (p58 of band) |
| Net charge-offs (annualized) | 0.75% (p80 of band) |
| Loans / shares | 69% (p41 of band) |
| Cash / assets | 13.9% |
| Borrowings / assets | 0.00% |
| Net interest margin | 3.26% (p30 of band) |
| Operating expense / assets | 3.72% (p50 of band) |
| Vehicles % of loans | 46% (p75 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 54% |
| Third-party paper % of net worth | 156% (p72 of band) |
| Vehicle delinquency | 0.33% (p29 of band) |
| Vehicle NCO | 1.54% (p84 of band) |
| Repossessed % of vehicle book | 0.00% (p25 of band) |
| Real estate % of loans | 34% |
| Credit cards % of loans | 2% |
| Unsecured % of loans | 5% |
| Commercial % of net worth | 55% |
| Core shares % of member funds | 45% |
| Certificates % of member funds | 35% |
| Average share balance | $6,263 |
| Participations bought / yr | $0 |
| Participations sold / yr | $0 |
| Participations outstanding | $24.8M |
| Loans outstanding per 100 members | 51% |
| Loans granted per 100 members, annualized | 14% |
| Average loan balance | $16,569 |
| Loans granted, annualized | $116.1M |

## Participation posture (from the same filings)

Bought $0 and sold $0 in the latest annualized quarter; $24.8M outstanding purchased (50.8% of net worth), $0 sold and retained. Sold in 0 and bought in 3 of the last 8 quarters. Shares – year over year.

## Flags firing in the latest filing

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

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2025-06 | 1 | 3rd-party paper>100% NW |  |
| 2025-09 | 1 |  |  |
| 2025-12 | 1 |  |  |
| 2026-03 | 1 |  |  |

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

- 2025-10-09 [First for Alabama | WinSouth Credit Union Makes a Splash with Water Park Naming Rights - The National Law Review](https://news.google.com/rss/articles/CBMiswFBVV95cUxPdkdEUlhhM3dCNTJ4dm5la0ttWVBOdGg1TGx4dE9lWjE5Rk9XUTRtbm4wMTRSeHNsTWdGcDBXQVFsY0JpRWhlZGNqdC1YdnJmN1NNOEE5bHVBQzJFVnFBV0prTE03allRRlZfVFcwcGt0TjNtTk9ma3JKbklvU1hKbm5SSEVmaGNqRXFNWFZrS1BJOVF1VDQ1QS1IUEJoNkRpazJvSUNMY2daX1NlSXAtNlUxMA?oc=5) · The National Law Review
- 2023-11-22 [WinSouth’s Best Day Ever - Gadsden Messenger](https://news.google.com/rss/articles/CBMiY0FVX3lxTFAzdHFaMXhfLW9Vck9FOEsxcFBLNlRaTU5uNWlpYU1LOTB4ZWJpTHc3bU03dkF0eE5ybHJSYVBkeXFoekhfMVVQQVlBNkRwOTVSY2duancxVTVyMGhqSWFYVXZFNA?oc=5) · Gadsden Messenger
- 2024-03-14 [The Gadsden Career Center will be partnering in a Spring Hiring Fair - Alabama Department of Labor (.gov)](https://news.google.com/rss/articles/CBMipAFBVV95cUxQbzlVd1duR2ZwWTJwSGNfSmRrUzA1bG9BU2Jic29CTmJMMl9xeUxkcktfN1F3X3RtMjBVTVRSTW9WelZ6NXNXMExnMFU0ZmFKYlcwWFVBSlhEOGJiN3A5SG1FWWVXcDFNMENpOWRlSFFBWlY4ekVTbWl6Y0ZDenFUMDZ1dGhfd0Zlb3MyWVBIQ2VYdFhkV1RXTnl5LUNnX2RpeTNrUQ?oc=5) · Alabama Department of Labor (.gov)
- 2025-10-11 [WinSouth Credit Union secures landmark waterpark naming right at Sand Mountain Park - sandmountainreporter.com](https://news.google.com/rss/articles/CBMilgFBVV95cUxQZHdCeXhGejdHWlBVSjFabjVoZXdNVXhPNlFSX1FtOGMzd1JaTXhaYnhSOXlPVGRmRmhzR1VsdzRLTjlJV2xzVnUzd1ZiU09GZEVwV2cxUDZGNkVUR2RmVlJrUHh6SUcxeFIwRWJQQkZVVjhjSU5taElwX0s2TjAtOE1jMUN1V2dGR18tRnNCSGNDRkpXNnc?oc=5) · sandmountainreporter.com
- 2026-06-23 [Clint Black Bringing 'Back on the Blacktop' Tour to Gadsden This Week - abc3340.com](https://news.google.com/rss/articles/CBMiqgFBVV95cUxNU1ZtMTVraHN2TXJxdi1wTWctUDlzQlZvb2NFRUxqdmZFUnNTLVJBbUwzYWJvaE9uTHlIaG5OdTc3YmZibmZNMUJ4aFZPdDZtMTBFM3pIZUhtRmc2T1dPM2FGdG9FTHcwck5Xb0ZjU1ljekZxQzZaYWxZM3h1SUVSWDEtY3h3WTI2RkVuTk9vWXYzYjVxQlF1UGJ1SE9KRlA4V3BwY2wxZnBjUQ?oc=5) · abc3340.com
- 2024-12-06 [Holiday tour of decorated homes is today; here are the Whorton Bend homes on display - gadsdentimes.com](https://news.google.com/rss/articles/CBMi8wFBVV95cUxOc1NPalFiYTFmZEpvWHNGZjVtTlZJWmtpcGhpS2N0WFJiM3F3RzZEa2NfWDVUdHJwMnpsMkdGWE14Y0dvYktSclZSMjF6TGlPWnBpZ0pMM1FoQnEyeWpGeWRzVFd6bXlmZ2JxZVVGdnZELVFLRDNVbzMxOEtleXlpOXFEMEo4TWhyVnhubVdrXzJzVUtkbDF6NGlva0twUW1jVmhSaWVTZEJZSlB1clJ6dWUtT0U3NzRpbU1vT0xROWdrd2g5Z3dybEdHMnZoRjduUUNrZmNzX05INDd2dVdNUmg0ZjNkbmF0OHNBcXJENlpHdTQ?oc=5) · gadsdentimes.com
- 2021-08-08 [Greg Gregerson, Gregerson’s Foods receives AGA’s Spirit of Alabama award - Yellowhammer News](https://news.google.com/rss/articles/CBMioAFBVV95cUxOT2VLS3Z0LTktRklpalVaX0l1OTlZVVZmNzBJaXp0SlpfZ1M1TDcxbGVIU1RoOTZQMzVZWE4xeGdWX2piOFJBM2ROQ04yd2M0YVZJN2gtdUNJOTJIZG9HSGpqVlFBbmMxNW5pYmpzNEV1ZGJpSjFzQmE2SWNadVZfYmR1Q2Fwa2d0TXdkNnk4cUttbmhMQVNvMnU2VnVlRWww?oc=5) · Yellowhammer News
- 2026-04-20 [Country star Clint Black to perform at The AMP in Gadsden - Gadsden Messenger](https://news.google.com/rss/articles/CBMikAFBVV95cUxPTkpNcWdSVTN5QTYzZ3g4ZV8tRUlQVmFZVjB0SnhpQzRSRXp5SUpsWkNuYUtCQlZYTThpZF84Tk8teEFoM0Z0WkdHcHFZMVd2bUtqVVZEQXdmbE9tVHBTY1JLU2w3UHllZ2NDOVdpQ0xWRzF6cGVYdVpJYXRIbmQ3Qzl6cXZGY0lqN29wMDNnV2Y?oc=5) · Gadsden Messenger

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=68744 (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/8.json (key "68744", 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=68744
- 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