# ASPEN
Rapid City, SD · NCUA charter 17224 · asset band $100-200M · latest filing 2026-03 · live
Share link (named URL with a preview card): https://getbookiq.com/cu/aspen-17224

Who the members are: federal charter, community charter, organized 1966, low-income designated. 8,383 members of 176,910 potential (4.7% of the field); checking penetration 66% (share draft accounts per 100 members); loans per 100 members 73.

**Verdict on the desk:** this could be *liquidity-tight*. Composite score 4 of 18 (one point per flag across 17 flags, capital below 7% counted twice).

## What the filing shows

| Measure | Value |
|---|---|
| Total assets | $167.2M |
| Members | 8,383 (10.1% YoY) |
| Full-time staff | 32 |
| Net worth | $14.3M |
| Net worth ratio | 8.6% (p9 of band) |
| ROA (annualized) | 1.69% (p91 of band) |
| Total delinquency | 0.44% (p36 of band) |
| Net charge-offs (annualized) | 0.25% (p39 of band) |
| Loans / shares | 98% (p98 of band) |
| Cash / assets | 3.5% |
| Borrowings / assets | 2.69% |
| Net interest margin | 4.14% (p77 of band) |
| Operating expense / assets | 3.45% (p43 of band) |
| Vehicles % of loans | 32% (p42 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 49% |
| Third-party paper % of net worth | 198% (p85 of band) |
| Vehicle delinquency | 0.73% (p59 of band) |
| Vehicle NCO | 0.62% (p55 of band) |
| Repossessed % of vehicle book | 0.20% (p86 of band) |
| Real estate % of loans | 45% |
| Credit cards % of loans | 3% |
| Unsecured % of loans | 3% |
| Commercial % of net worth | 101% |
| Core shares % of member funds | 43% |
| Certificates % of member funds | 34% |
| Average share balance | $9,024 |
| Participations bought / yr | $0 |
| Participations sold / yr | $0 |
| Participations outstanding | $0 |
| Loans outstanding per 100 members | 73% |
| Loans granted per 100 members, annualized | 14% |
| Average loan balance | $23,740 |
| Loans granted, annualized | $28.8M |

## Participation posture (from the same filings)

Bought $0 and sold $0 in the latest annualized quarter; $0 outstanding purchased (0.0% of net worth), $58,533 sold and retained. Sold in 0 and bought in 0 of the last 8 quarters. Shares 4.8% year over year.

## Flags firing in the latest filing

- **thin capital** (`cap_low`)
- **delinquency rising** (`aq_dq_rising`)
- **loans>95% of shares** (`str_ltos`)
- **3rd-party paper>100% NW** (`str_thirdparty`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 4 | thin capital, loans>95% of shares, leaning on borrowings, 3rd-party paper>100% NW |  |
| 2016-06 | 4 |  |  |
| 2016-09 | 4 |  |  |
| 2016-12 | 4 |  |  |
| 2017-03 | 4 |  |  |
| 2017-06 | 3 |  | leaning on borrowings |
| 2017-09 | 4 | leaning on borrowings |  |
| 2017-12 | 4 |  |  |
| 2018-03 | 4 |  |  |
| 2018-06 | 4 |  |  |
| 2018-09 | 5 | delinquency rising |  |
| 2018-12 | 6 | net worth falling |  |
| 2019-03 | 5 |  | net worth falling |
| 2019-06 | 4 |  | delinquency rising |
| 2019-09 | 4 |  |  |
| 2019-12 | 4 |  |  |
| 2020-03 | 4 |  |  |
| 2020-06 | 5 | net worth falling |  |
| 2020-09 | 5 |  |  |
| 2020-12 | 5 | margin squeeze | loans>95% of shares |
| 2021-03 | 4 |  | margin squeeze |
| 2021-06 | 2 |  | leaning on borrowings, net worth falling |
| 2021-09 | 2 |  |  |
| 2021-12 | 2 |  |  |
| 2022-03 | 2 |  |  |
| 2022-06 | 4 | delinquency rising, members leaving |  |
| 2022-09 | 5 | loans>95% of shares, leaning on borrowings | members leaving |
| 2022-12 | 5 | net worth falling | delinquency rising |
| 2023-03 | 5 | delinquency rising | net worth falling |
| 2023-06 | 4 |  | delinquency rising |
| 2023-09 | 4 |  |  |
| 2023-12 | 5 | delinquency rising |  |
| 2024-03 | 3 |  | leaning on borrowings, delinquency rising |
| 2024-06 | 5 | net worth falling, delinquency rising |  |
| 2024-09 | 4 |  | net worth falling |
| 2024-12 | 4 |  |  |
| 2025-03 | 3 |  | loans>95% of shares |
| 2025-06 | 4 | loans>95% of shares |  |
| 2025-09 | 3 |  | delinquency rising |
| 2025-12 | 4 | net worth falling |  |
| 2026-03 | 4 | delinquency rising | net worth falling |

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

- 2026-09-09 [Aspen Federal Credit Union Launches Mahalo’s Digital Banking Platform - Business Wire](https://news.google.com/rss/articles/CBMiwwFBVV95cUxOMTdRTW1IYThpSm51Q0N0R09ncHFleTJkeWg3c1BzWC0zam9ZTTB2QmNxX0R1TFlnQ3dxejlnUlpDdGtQcG9adVUwX1JhWFE2RnVncW1ZTnpBTGVGSEFLYVVMUWJ1aHhWSjNBWDQxcl9ka0l1MFBWSm1FOVRsUTRUaXNGdW4tdDh6dzBWYlJHSVR2Q1dKQVJpWjBIOWlQQThFZmNvY3A4d2N0Q0R5emlTSXlkS0VRcmFCb0MweXZNcDdwV28?oc=5) · Business Wire
- 2025-09-16 [$18.7M Aspen Dental privacy class action settlement - Top Class Actions](https://news.google.com/rss/articles/CBMiwgFBVV95cUxQMHptLWx2YUduMmRTeWRycjJoYzBZbFkxNWlyMnhFMXhyc1JYWnQxMHBIRWpRMXQ0VjQ0UVdaOW5PcTdqMTZtSEtKRWJHOWo1MUo1VHhZcUQxRDY3bGN6V0c4Rjl1UW8xR2VHc1Uxa2tpbWFYSmc4U012Q1BRTWZKVDMxSUVneW1CRlFaRkZfTkFjcWtNNlVhSS1idDd3UHlodm1aTkJ1aU9HY1JSTEZlcTAtUHUwVV9FcFVCaUNKM1paUQ?oc=5) · Top Class Actions
- 2012-10-04 [Wheat Ridge woman accused of stealing $80,000 from credit union - The Denver Post](https://news.google.com/rss/articles/CBMiogFBVV95cUxNLXZOZjBBUGF4QXBTOW82UXh6clFlVnBrdzRkWmU5VkRiNklOeTF3TGhDNUFjMlVpQjVpSThudG90ZGJhNzBvLW50ZVBOSkJJeVpHSDZuUzVlZkUzS25GWUk5dl83RHNDQnEwT0N1Y1lBVE43elR0T0tKcDJQQ1RPajFEWmZoVFFUVkRibnhYOERpaWpSSVJiMjhrLUxUVnNaeXc?oc=5) · The Denver Post
- 2014-06-20 [Ex-anesthesiologist pleads guilty in Aspen slaying - San Diego Union-Tribune](https://news.google.com/rss/articles/CBMioAFBVV95cUxPc1FBMTJyU2xRM2dWTmw5b29FMF9TQi1aSzZrRW1Zd2NqWWJtZVgwWVBCQ04tU19BbjJVSTJaaHc1Wk1YcWhIdmFxTnR2Z2NjYW53NjBWdlAzM3ZIUVlFaHJlSTBrUFBuV2FKU3pWWU15RHFCazR3Z09YMWlXNGhkUS1Gb0VqeE9qbjF2YlZVT2E2cEZZZ1JkWlE3dzhPUXBP?oc=5) · San Diego Union-Tribune
- 2021-07-13 [Khruangbin Detail North American Tour - Rolling Stone](https://news.google.com/rss/articles/CBMiiAFBVV95cUxNajk3b3UxZnJiSmRCUUtnTEphRkc5MjNHUXN1YndGZ0I1b2xnNkFrX0t5NkFMTi0xVXRPQkVPczJVZmJCNkdTcTY1TDBwTG1DdERqYXZhUUF6RkFxTTNqb0JKWkphdXhsRHpQdzFnand5YkJqYUhpOHBTdnliYWZPeFVmYWhTOGhN?oc=5) · Rolling Stone
- 2008-03-13 [Derek Robert Refsland - AspenTimes.com](https://news.google.com/rss/articles/CBMiZEFVX3lxTFBIS2p3ZU5UWFlKWTVrTnV2NHQxVnhBYlZDS2dVLTltaTFPWURwaVBHYjU1MUc5YmpiSE1ldk1IS2F0Q29QLTIwdGR3WDg2V05ZSHNuTFpJTnhHLXRUX2k2dHRCUjQ?oc=5) · AspenTimes.com
- 2024-04-01 [Aspen Dental Management unsolicited texts class action settlement - Top Class Actions](https://news.google.com/rss/articles/CBMi1gFBVV95cUxPX19Tc0dFTlVMZ2p4QmJfSjZqMlFWZ21GNTJJUmlOeWQweGFkQWlFNDloOFRfVmFJVWRkRGJvSVhteW0xVlA2c0VWcVVDSEE4Z285cWRUM1phRTlDamxHWllFRHJXdjZGMFFveWRta1hMMDN5TzVaSElHLURNRXFRUVFJcXh1bnZxNEZ1cnQ2YW0wRDBKOWwtN3E1dUF0ZDA1Yk5sM19oZ0FxRl9JNjQ2S0JYUXNTUmozeU9RS001emVmZWFRX3RFSEFQMGJqbGVDZVJDUGd3?oc=5) · Top Class Actions
- 2018-08-13 [Nevada Aspen Series BB Evaporator Coil Units Class Action Settlement - Top Class Actions](https://news.google.com/rss/articles/CBMi0gFBVV95cUxPRi05S2JxaWFXMEplZ0hVcmZnc1FYc2RIVzhpS1BkR3p3WEh2RVFyaUE1aF80QWMyakM5VGFuTzdKdTFoc2FWdUt3aHFNWFAxZmhIWTMwekJhN2R0LS1DSE1zNHdJYVFPZi1GQWd3NUstVWZMT21RdkhBbUpBZTFaamUtR0NDQ2pUaXN3SEo0Ync0VFg0X3ZRQlNOcVp0TjJBM1V5YW9veGU4dWswNTJBOVFKeTNFRlA0X0JrMXRyUlh5RnRBZmxST0lPcG5nOXJvdnc?oc=5) · Top Class Actions

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=17224 (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 "17224", 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=17224
- 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