# CANVAS
LONE TREE, CO · NCUA charter 64778 · asset band $1-10B · latest filing 2026-03 · live
Share link (named URL with a preview card): https://getbookiq.com/cu/canvas-64778

Who the members are: state charter, organized 1938, low-income designated. 326,856 members of 5,957,494 potential (5.5% of the field); checking penetration 55% (share draft accounts per 100 members); loans per 100 members 63.

**Verdict on the desk:** this could be *indirect buyer*. Composite score 3 of 18 (one point per flag across 17 flags, capital below 7% counted twice).

## What the filing shows

| Measure | Value |
|---|---|
| Total assets | $5.14B |
| Members | 326,856 (6.1% YoY) |
| Full-time staff | 710 |
| Net worth | $494.4M |
| Net worth ratio | 9.6% (p24 of band) |
| ROA (annualized) | 1.04% (p77 of band) |
| Total delinquency | 1.01% (p80 of band) |
| Net charge-offs (annualized) | 1.19% (p92 of band) |
| Loans / shares | 100% (p90 of band) |
| Cash / assets | 4.2% |
| Borrowings / assets | 0.00% |
| Net interest margin | 4.24% (p95 of band) |
| Operating expense / assets | 3.15% (p46 of band) |
| Vehicles % of loans | 50% (p89 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 93% |
| Third-party paper % of net worth | 435% (p95 of band) |
| Vehicle delinquency | 1.56% (p92 of band) |
| Vehicle NCO | 2.44% (p91 of band) |
| Repossessed % of vehicle book | 0.13% (p68 of band) |
| Real estate % of loans | 31% |
| Credit cards % of loans | 1% |
| Unsecured % of loans | 3% |
| Commercial % of net worth | 139% |
| Core shares % of member funds | 22% |
| Certificates % of member funds | 33% |
| Average share balance | $6,287 |
| Participations bought / yr | $6.4M |
| Participations sold / yr | $0 |
| Participations outstanding | $15.5M |
| Loans outstanding per 100 members | 63% |
| Loans granted per 100 members, annualized | 17% |
| Average loan balance | $22,364 |
| Loans granted, annualized | $2.13B |

## Participation posture (from the same filings)

Bought $6.4M and sold $0 in the latest annualized quarter; $15.5M outstanding purchased (3.1% of net worth), $11.4M sold and retained. Sold in 0 and bought in 2 of the last 8 quarters. Shares 9.9% year over year.

## Flags firing in the latest filing

- **charge-offs p90** (`aq_nco_high`)
- **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 | 2 | 3rd-party paper>100% NW, auto monoline |  |
| 2016-06 | 2 |  |  |
| 2016-09 | 3 | leaning on borrowings |  |
| 2016-12 | 3 |  |  |
| 2017-03 | 4 | charge-offs p90, loans>95% of shares | leaning on borrowings |
| 2017-06 | 6 | net worth falling, leaning on borrowings |  |
| 2017-09 | 5 |  | net worth falling |
| 2017-12 | 4 |  | leaning on borrowings |
| 2018-03 | 3 |  | charge-offs p90 |
| 2018-06 | 4 | charge-offs p90 |  |
| 2018-09 | 4 |  |  |
| 2018-12 | 4 |  |  |
| 2019-03 | 5 | net worth falling |  |
| 2019-06 | 4 |  | net worth falling |
| 2019-09 | 4 |  |  |
| 2019-12 | 4 |  |  |
| 2020-03 | 5 | delinquency rising |  |
| 2020-06 | 5 | net worth falling | delinquency rising |
| 2020-09 | 3 |  | auto monoline, net worth falling |
| 2020-12 | 2 |  | loans>95% of shares |
| 2021-03 | 3 | net worth falling |  |
| 2021-06 | 2 |  | net worth falling |
| 2021-09 | 2 |  |  |
| 2021-12 | 2 |  |  |
| 2022-03 | 3 | expense trap |  |
| 2022-06 | 3 | loans>95% of shares | expense trap |
| 2022-09 | 4 | leaning on borrowings |  |
| 2022-12 | 6 | delinquency 2x band, delinquency rising |  |
| 2023-03 | 5 |  | delinquency rising |
| 2023-06 | 5 | delinquency rising | leaning on borrowings |
| 2023-09 | 5 |  |  |
| 2023-12 | 5 |  |  |
| 2024-03 | 4 | net worth falling | delinquency 2x band, delinquency rising |
| 2024-06 | 3 |  | net worth falling |
| 2024-09 | 3 |  |  |
| 2024-12 | 3 |  |  |
| 2025-03 | 4 | net worth falling |  |
| 2025-06 | 4 |  |  |
| 2025-09 | 3 |  | net worth falling |
| 2025-12 | 3 |  |  |
| 2026-03 | 3 |  |  |

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

- 2026-04-13 [Canvas Credit Union Launches $100 Checking Account Promotion for CMU Students - coloradomesa.edu](https://news.google.com/rss/articles/CBMiwwFBVV95cUxPLTVxc0hFbDRhX0VxNHlzN2k3YzlyV1FHZzdlSWM3eE9fMUwzaXJLcmRuTEZGOGtiaFJCQmtWalJnZUpDNERBZ2x2U3VqNXNJXy1mQ0lpeWZ5Unprd2picnJGNFBMUjJKN0NvaElqUTNEOXJsdjdJeDFEb09YLUctenhtZUx6WFpaN2U2aWsxaW41RlRlZU5oWGxWVno3c3IzQ2pxUE1xVW56bmZPVkpFa21QUmVSZXBxMnloRTVOTEpVSlk?oc=5) · coloradomesa.edu
- 2026-09-05 [Colorado high school football scoreboard: Week 2, Cañon City Tigers, Florence Huskies notch wins - Canon City Daily Record](https://news.google.com/rss/articles/CBMingFBVV95cUxPS3pheFhsa0pvdm5wQWplN0txbkNTZkdtUV9UVzNJcjVQRWtxcmRjRmJFaHRoQmNfajd0ejV3ZGRKYV9PZ2hEaDh4NEp5a1MyeWhRUzVKNTNIQzN4ejJMTXhnaUN5dXF4cmZ4R2xWaXFNQzdfNWpURWVmQjc1dm11OVprUlBLOHBZdTNQTUxRbXQ5bTNRZUpVdFppVTNNdw?oc=5) · Canon City Daily Record
- 2026-06-25 [Canvas Stadium 10 Year Anniversary: More Than a Name, a Partnership - Colorado State Athletics](https://news.google.com/rss/articles/CBMirAFBVV95cUxORk56Y21VNG9xb25QdmppUEI3aU1ySHpfeGRYSkJsOWtncjFxSS1Ibnc0ZEZpZS1NcjNfUGRJalRyRkc4bzZfMmlXSmJRcU5qSGxBdFM1Y3UwSms3Z1VsWmVGVDdJV1JSdWhxVnA2bzNKZjFFdDZOdE9ydXI1UXNQak9mQmVjc2tMZUpBUDNvazJjMEw2VGZ1a203cDh2M1pGUDh5MzhLa0h5dEVi?oc=5) · Colorado State Athletics
- 2025-10-20 [Two Colorado credit unions announce merger - denvergazette.com](https://news.google.com/rss/articles/CBMijAFBVV95cUxONHc4YjBSZVhsQnJQc1YyQlVjYkNjUGxuSTlRNmdwMUdxcDJ5bXJBWWtFaDgxbDR0OVV5OGRzdlNlUElpSUs4S1BrQ2V6a3lIN09VVTM3R1g5V0E0X212Vmt0TnFYZHgwdmRua2NHQW5YUDA2Z2xsTU9LTDRmQkt2TnR2dkg4UFNUQ0tmeQ?oc=5) · denvergazette.com
- 2026-01-08 [The Best Savings Accounts in Colorado for 2026 - moneyrates.com](https://news.google.com/rss/articles/CBMieEFVX3lxTFB2Q3N1SFZVRXlWT1lCcE1NQ0M3ZUxOTGEzRlNub0pMeXNhM1ZxUS1hb0EyVE95TkZCbHVHY1BDemdkZFdYMktCWXpxWUZ6dzkwcEgyS1pjMllwWVotc1VNX0xac3YtNkdiWndER1d0cDlETzY2ckd2ZQ?oc=5) · moneyrates.com
- 2025-09-30 [Climb Credit Union officially opens new Colorado Springs branch - Colorado Springs Gazette](https://news.google.com/rss/articles/CBMimwFBVV95cUxQTDluNWpKN09YRHotSFJtN2dxaXRFQWdDdTZfY3dSY25xTlNOWm9jWmo4dURSSzNQeU1fa1E4SjlaUkVGaEdjZ1drTHFaZzVyVDJmQUNlcGthbE5qT05YdTJ5VDFvNmo2MzQtVWpZVlJZQkloaHpXNEt6T1ZpR3pQMUZOcjZfMjZXb1M2SzZfM1dQWkJQdllsejlpbw?oc=5) · Colorado Springs Gazette
- 2025-04-07 [Canvas Credit Union welcomes new Chief Lending Officer - CUInsight](https://news.google.com/rss/articles/CBMimwFBVV95cUxOSnAwRHhMS1VoOUlKZzRHM1BCNURuaHV1ZVZiQmF3M0xTVUxIbkJ1Z21kX2JKRTM1WXdmSEZ1ai1HTlA0WE90aFA5X2JBSkZPa21jVTVvOHZ1WXdoQ2tUWUhkWGxvR2hCZ1J2d1VPakdDYnBCMDNVUklGa0RtbUFIWEktbmJGTks5TDd3MVl3TkdFQkNtdEN6Y2tlWQ?oc=5) · CUInsight
- 2025-04-29 [Black Dragon Capital℠ Partners with Canvas Credit Union to Explore Innovative Technologies for Fintech - PR Newswire](https://news.google.com/rss/articles/CBMi7gFBVV95cUxNalNnZHBNdHJ6anlWcE05VTQxdXFDeXg2RVk3MWwzbU5vNnF0eHNSYlotVDktQWloZWl0MkhHU1J5eUFBNnR0R05CQnRLYWczOHcwVUNKeWxhWUozWmtGdTdIR3p0RS0zaDBjRUZpVTRKX0M3cFpxeG9yWFFxS2NoX21XbV9vbmNkSEk1ak1teE5IdHY4N3U3Y1Q0M0RtMkgtaUszbUNEZ1hJRVBmOEtyZFlQclRoY2tSQS15UmpCaVhuUW11ZUd4SmZOTFpHSjFER2lKRUtzdmZuMnJLY0MtTWV5QXdTcUdGZXpYZ19B?oc=5) · PR Newswire

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=64778 (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/10.json (key "64778", 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=64778
- 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