Credit union
iTHINK FINANCIAL CREDIT UNION
Boca Raton, Florida, Palm Beach County, FL
$2.4B in total assets and 119,335 members, the 227th largest of 4,298 US credit unions and 15th of 107 headquartered in Florida.
- NCUA charter
- 68663
- Charter
- State chartered (FL)
- Chartered
- 1969
- NCUA insured since
- 1971
- Low-income designation
- Yes
- Website
- http://www.ithinkfi.org
Earlier filings under IBM Southeast Employees Federal Credit Union (charter 19659), before a charter conversion, are included in the history below.
At a glance
Compared with 27 federally insured credit unions in Florida with $1 billion to $10 billion in assets, as of June 30, 2026.
| Measure | This credit union | Percentile | Peer range, middle 90% | Peer median |
|---|---|---|---|---|
| Total assets | $2.4B | 56% | $1.8B | |
| Loans | $1.8B | 63% | $1.1B | |
| Deposits (shares) | $2.0B | 56% | $1.6B | |
| Members | 119,335 | 48% | 121,815 | |
| Return on assets | 0.82% | 52% | 0.79% | |
| Net interest income to assets | 3.21% | 33% | 3.52% | |
| Efficiency ratio | 69.2% | 37% | 73.7% | |
| Net worth ratio | 10.71% | 41% | 11.23% | |
| Loans to shares | 94% | 70% | 91% | |
| Cost of deposits | 1.96% | 85% | 1.65% |
Ratios are annualized from year-to-date figures. Return on assets uses average assets, as NCUA does. Cost of deposits includes dividends on shares.
Growth
Total assets grew 9.9% a year over 10 years and 5.6% a year over the last 5, including 2 mergers in the last 10 years. Membership grew 4.2% a year over 5 years, to 119,335.
Dashed lines mark larger mergers, listed below.
Mergers and acquisitions
| Closed | Absorbed | Assets at last filing |
|---|---|---|
| Apr 2019 | The Oculina Bank Bank, Vero Beach, FL | $365M |
| Jun 2017 | Mackinac Savings Bank, F.S.B. Bank, Boynton Beach, FL | $112M |
Where they operate
23 branches in 10 counties.
Largest counties by branches
| County | Branches | Share of all branches | Rank |
|---|---|---|---|
| Palm Beach County, FL | 6 | 1.4% | 17 of 71 |
| Indian River County, FL | 4 | 7.8% | 3 of 21 |
| St. Lucie County, FL | 4 | 7.5% | 4 of 16 |
| Cobb County, GA | 3 | 1.7% | 12 of 40 |
| Broward County, FL | 1 | 0.2% | 38 of 66 |
| Martin County, FL | 1 | 2.2% | 9 of 20 |
| Cherokee County, GA | 1 | 1.9% | 15 of 22 |
| Clayton County, GA | 1 | 3.2% | 9 of 16 |
Credit unions do not report deposits by branch, so these are branch counts: this credit union's branches against every bank and credit union branch in the county. Rank is among all banks and credit unions with a branch there.
Branches by year
| Year end | Branches | Change |
|---|---|---|
| 2016 | 15 | |
| 2017 | 18 | +3 |
| 2018 | 18 | 0 |
| 2019 | 26 | +8 |
| 2020 | 22 | −4 |
| 2021 | 22 | 0 |
| 2022 | 22 | 0 |
| 2023 | 22 | 0 |
| 2024 | 21 | −1 |
| 2025 | 21 | 0 |
| Jun 2026 | 23 | +2 |
Member-serving offices as listed in NCUA call reports. Changes include branches gained in mergers.
Earnings and credit
Return on assets
Year to date, annualized, with the peer median.
Credit and capital
| This credit union | Peer median | |
|---|---|---|
| Delinquent loans, 60+ days | 0.75% | 0.59% |
| Net worth ratio | 10.71% | 11.23% |
| Loans to shares | 94% | 91% |
Delinquent loans are two or more months past due. Net worth is NCUA's capital measure for credit unions.
Related
Credit unions of similar size in Florida
Most branches in Palm Beach County, FL
Figures as of June 30, 2026 from the credit union's NCUA call report (Form 5300), NCUA's credit union locator and FFIEC merger records.