# WESTERN ROCKIES
GRAND JUNCTION, CO · NCUA charter 1608 · asset band $100-200M · latest filing 2021-12 · stopped filing after 2021-12 (departed; for a credit union that is almost always a merger)
Share link (named URL with a preview card): https://getbookiq.com/cu/western-rockies-1608

Who the members are: federal charter, community charter, organized 1936, low-income designated. 14,452 members of 288,792 potential (5.0% of the field); checking penetration 67% (share draft accounts per 100 members); loans per 100 members 30.

**Verdict on the desk:** this could be *stressed*. Composite score 5 of 18 (one point per flag across 17 flags, capital below 7% counted twice).

## What the filing shows

| Measure | Value |
|---|---|
| Total assets | $179.5M |
| Members | 14,452 (-0.2% YoY) |
| Full-time staff | 46 |
| Net worth | $11.9M |
| Net worth ratio | 6.7% (p4 of band) |
| ROA (annualized) | 0.08% (p8 of band) |
| Total delinquency | 0.54% (p67 of band) |
| Net charge-offs (annualized) | 0.22% (p73 of band) |
| Loans / shares | 58% (p46 of band) |
| Cash / assets | 9.3% |
| Borrowings / assets | 0.00% |
| Net interest margin | 2.40% (p48 of band) |
| Operating expense / assets | 4.33% (p90 of band) |
| Vehicles % of loans | 30% (p35 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 61% |
| Third-party paper % of net worth | 149% (p82 of band) |
| Vehicle delinquency | 1.16% (p92 of band) |
| Vehicle NCO | 0.89% (p93 of band) |
| Repossessed % of vehicle book | 0.14% (p90 of band) |
| Real estate % of loans | 38% |
| Credit cards % of loans | 0% |
| Unsecured % of loans | 4% |
| Commercial % of net worth | 0% |
| Core shares % of member funds | 83% |
| Certificates % of member funds | 5% |
| Average share balance | $6,320 |
| Participations bought / yr | $0 |
| Participations sold / yr | $0 |
| Participations outstanding | – |
| Loans outstanding per 100 members | 30% |
| Loans granted per 100 members, annualized | 7% |
| Average loan balance | $22,621 |
| Loans granted, annualized | $25.0M |

## Flags firing in the latest filing

- **thin capital** (`cap_low`)
- **capital below 7%** (`cap_critical`)
- **expense trap** (`earn_opex`)
- **3rd-party paper>100% NW** (`str_thirdparty`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 1 | thin capital |  |
| 2016-06 | 4 | losing money, repo signal, 3rd-party paper>100% NW |  |
| 2016-09 | 2 |  | losing money, repo signal |
| 2016-12 | 3 | net worth falling |  |
| 2017-03 | 5 | delinquency rising, members leaving |  |
| 2017-06 | 3 |  | net worth falling, delinquency rising |
| 2017-09 | 2 |  | members leaving |
| 2017-12 | 2 |  |  |
| 2018-03 | 3 | net worth falling |  |
| 2018-06 | 3 | losing money | net worth falling |
| 2018-09 | 2 |  | losing money |
| 2018-12 | 2 |  |  |
| 2019-03 | 4 | losing money, delinquency rising |  |
| 2019-06 | 3 |  | losing money |
| 2019-09 | 3 |  |  |
| 2019-12 | 3 | repo signal | delinquency rising |
| 2020-03 | 4 | delinquency rising |  |
| 2020-06 | 4 | net worth falling | delinquency rising |
| 2020-09 | 4 |  |  |
| 2020-12 | 4 | delinquency rising | repo signal |
| 2021-03 | 5 | expense trap, margin squeeze | delinquency rising |
| 2021-06 | 4 |  | expense trap |
| 2021-09 | 2 |  | net worth falling, margin squeeze |
| 2021-12 | 5 | capital below 7%, expense trap |  |

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

- 2021-11-15 [Canvas Credit Union extends reach with Western Rockies Federal Credit Union merger - The Coloradoan](https://news.google.com/rss/articles/CBMitgFBVV95cUxQZTBHdlpiOW5uNkgxM3FvdmJiVGJ5cnFOU1NQX3VLdWxVRlpoZVctOWttSFFkUHZZSURlV0h3TzQxcE9IbEU5QVhXeHdZVmpScVpOTnNDdm5TYWhMSDM2aVRNbDlyTExKU2l1S1BNZ0xpVWp3TjhBeExJQnVHU3VfZWRMWXBfQzRuSjBIR19BaXk4SmZSRFB2NDQ4THRvUS1iN01SWkdKdUFDUDI0WktBNmZrRUg1QQ?oc=5) · The Coloradoan
- 2022-06-14 [Canvas Credit Union completes merger, expands to Colorado’s Western Slope - denvergazette.com](https://news.google.com/rss/articles/CBMi5AFBVV95cUxQaC13SmlOYTk2eS1nTUZNaHJnb0c0bG5zemZHOEViMENRbkszbHI0MUN2elViZDRpS3piUDF5cFVWQjlXdGVfclllWml1VlJYSDNOVng3Zkx2WXc2dktGWmZ2YjRSRktZcGQzX09Hcmd2alItZFlyT1hJSUJPSlZNVUZiemNGSUprUzZ4bk9NVy1EcmxYRjF4eDZmeW5oSDU1c1Vvakloa0UwcVZDV1FMMlQxYldOYlRSaWM1RmZUTkx2ZWxVTlYtUzhrTXhHQ0FudGtNMnYxVTNqX1IxQjYyekNfc0Q?oc=5) · denvergazette.com
- 2021-11-16 [Two Colorado CUs Looking to Reach Across Mountains With Merger - cutoday.info](https://news.google.com/rss/articles/CBMioAFBVV95cUxQeWlhVmRvV2c0Qm5qd1p4Y0c2MElYR0ZBSkdoOWprVlEyOVNHa0tNSXFVS2dIZEN6VDdjVVJEZmhLWnpYOVllNldzOHlsSS12T0xNbjJ4VHdCSF9WaWdxRE8yejVEZWo4TTBuODhGemRaZXFTZWtERFRMckhFc0MwVnIxd0ttb3J0QTQtaTE0YWdST0libVQwUll2eGxCeTZs?oc=5) · cutoday.info
- 2024-07-08 [Errol Snider Obituary Sep 8, 2016 - Brown's Cremation & Funeral Service](https://news.google.com/rss/articles/CBMib0FVX3lxTFBKRm5BQ0RKaWl2UjJTUGZka0lsVkpPekJocFFXMElnY3hLV0xrVkF4dHFkV2QzRHJDSVJWaXBOLTVKcDJRemRzNGhqV3lSU19WLXB5Ri1JWlFhYldIYWNFc3dLbnJ3THcwbXB6blE2VQ?oc=5) · Brown's Cremation & Funeral Service
- 2020-08-07 [John Swanson Obituary Aug 7, 2020 - Brown's Cremation & Funeral Service](https://news.google.com/rss/articles/CBMib0FVX3lxTFAxRWtiby1aUzNYdnBaWHE5MzBHQUMtTkl1SFBsWnc5aEZMNDdzYXBZMHhTbklrV0tFekd0LWRaR0NuRGg5VmlXdXJaaUc5eVhfampiMHJ1cnFrVWZMUUNTNzNaSUxkWlhPOHFpdXBOUQ?oc=5) · Brown's Cremation & Funeral Service
- 2008-09-03 [Paul Rutan Obituary (2008) - Grand Junction, CO - The Daily Sentinel - legacy.com](https://news.google.com/rss/articles/CBMijAFBVV95cUxPU0o1ZnZVLUNLc29uYWRsV2ZIc2R3Q0FULVdKNEtvTl8yZ2dGemRWcVVnb2JYUGtidnhkZHJUa1JFenlELWs4V0d4ZUs1MzAwZXBrQVVsOTVmOW03V3hnU1pReEVydUhJdWRxVmU3R3YwY1d1SF9aUFNlejM5SzRobEJqYlNBUTRiUGVmcA?oc=5) · legacy.com
- 2022-02-02 [Karen Miller Obituary Feb 2, 2022 - Brown's Cremation & Funeral Service](https://news.google.com/rss/articles/CBMib0FVX3lxTFA0Y29VTlp5aS15YndFMTZyRTRWYlRVM0R6Ml9nS0ZFZXJ0Wmw1T2ZsLVgtZE5hRDh6MnEtWWhmM0NTUzlxQmlCUUh2SEpxM2x5YUVwU0ZjekNfSHFUMGJHczU1U3V6ZGF4U0FOaVJSaw?oc=5) · Brown's Cremation & Funeral Service
- 2006-10-07 [Bryan Crepinsek Obituary (2006) - Grand Junction, CO - The Daily Sentinel - legacy.com](https://news.google.com/rss/articles/CBMikwFBVV95cUxPMlRRREt1UDk1eDFHdV9FaWxGWlRaek1IWU9XRWw3Q2dtRHBVcTFleVlUYjBZWC1LcUtLY1QyRk1uaDhRMzUxWEhsc3Axd0ZJbTloUG1KZFctTWtRYWxXeVNCcl9sRklZMGhHYjlHX1ZaRGpIc0IyVkx5enhNZk5YZzUwRHdCYnZJaGlvem55NkYxcUk?oc=5) · legacy.com

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=1608 (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 "1608", 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=1608
- 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