# ON TAP
Golden, CO · NCUA charter 64913 · asset band $200-500M · latest filing 2026-03 · live
Share link (named URL with a preview card): https://getbookiq.com/cu/on-tap-64913

Who the members are: state charter, organized 1950. 19,362 members of 3,313,861 potential (0.6% of the field); checking penetration 73% (share draft accounts per 100 members); loans per 100 members 314.

**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 | $457.0M |
| Members | 19,362 (0.6% YoY) |
| Full-time staff | 62 |
| Net worth | $41.9M |
| Net worth ratio | 9.2% (p17 of band) |
| ROA (annualized) | 3.12% (p100 of band) |
| Total delinquency | 1.25% (p88 of band) |
| Net charge-offs (annualized) | 0.45% (p55 of band) |
| Loans / shares | 82% (p71 of band) |
| Cash / assets | 19.7% |
| Borrowings / assets | 7.35% |
| Net interest margin | 2.95% (p16 of band) |
| Operating expense / assets | 3.26% (p32 of band) |
| Vehicles % of loans | 21% (p23 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 52% |
| Third-party paper % of net worth | 135% (p68 of band) |
| Vehicle delinquency | 0.52% (p47 of band) |
| Vehicle NCO | 1.27% (p78 of band) |
| Repossessed % of vehicle book | 0.07% (p66 of band) |
| Real estate % of loans | 63% |
| Credit cards % of loans | 4% |
| Unsecured % of loans | 6% |
| Commercial % of net worth | 70% |
| Core shares % of member funds | 47% |
| Certificates % of member funds | 27% |
| Average share balance | $8,359 |
| Participations bought / yr | $40.7M |
| Participations sold / yr | $0 |
| Participations outstanding | $35.7M |
| Loans outstanding per 100 members | 314% |
| Loans granted per 100 members, annualized | 237% |
| Average loan balance | $5,102 |
| Loans granted, annualized | $91.8M |

## Participation posture (from the same filings)

Bought $40.7M and sold $0 in the latest annualized quarter; $35.7M outstanding purchased (85.3% of net worth), $2.4M sold and retained. Sold in 0 and bought in 4 of the last 8 quarters. Shares 10.3% year over year.

## Flags firing in the latest filing

- **delinquency 2x band** (`aq_dq_high`)
- **leaning on borrowings** (`str_borrowings`)
- **3rd-party paper>100% NW** (`str_thirdparty`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 2 | loans>95% of shares, 3rd-party paper>100% NW |  |
| 2016-06 | 2 |  |  |
| 2016-09 | 2 | repo signal | loans>95% of shares |
| 2016-12 | 2 |  |  |
| 2017-03 | 3 | delinquency rising |  |
| 2017-06 | 3 | net worth falling, charge-offs p90 | repo signal, delinquency rising |
| 2017-09 | 1 |  | net worth falling, charge-offs p90 |
| 2017-12 | 1 |  |  |
| 2018-03 | 2 | net worth falling |  |
| 2018-06 | 1 |  | net worth falling |
| 2018-09 | 1 |  |  |
| 2018-12 | 0 |  | 3rd-party paper>100% NW |
| 2019-03 | 1 | net worth falling |  |
| 2019-06 | 1 | loans>95% of shares | net worth falling |
| 2019-09 | 2 | delinquency rising |  |
| 2019-12 | 3 | 3rd-party paper>100% NW |  |
| 2020-03 | 5 | net worth falling, margin squeeze, leaning on borrowings | loans>95% of shares |
| 2020-06 | 5 | thin capital | delinquency rising |
| 2020-09 | 2 |  | net worth falling, leaning on borrowings, thin capital |
| 2020-12 | 3 | thin capital |  |
| 2021-03 | 4 | net worth falling |  |
| 2021-06 | 3 | members leaving | margin squeeze, net worth falling |
| 2021-09 | 2 |  | 3rd-party paper>100% NW |
| 2021-12 | 2 |  |  |
| 2022-03 | 3 | net worth falling |  |
| 2022-06 | 1 | delinquency rising | thin capital, members leaving, net worth falling |
| 2022-09 | 1 |  |  |
| 2022-12 | 3 | leaning on borrowings, 3rd-party paper>100% NW |  |
| 2023-03 | 0 |  | delinquency rising, leaning on borrowings, 3rd-party paper>100% NW |
| 2023-06 | 1 | delinquency rising |  |
| 2023-09 | 2 | loans>95% of shares |  |
| 2023-12 | 3 | leaning on borrowings |  |
| 2024-03 | 4 | net worth falling |  |
| 2024-06 | 3 |  | delinquency rising |
| 2024-09 | 2 |  | net worth falling |
| 2024-12 | 0 |  | loans>95% of shares, leaning on borrowings |
| 2025-03 | 2 | delinquency rising, assets shrinking |  |
| 2025-06 | 2 |  |  |
| 2025-09 | 2 | leaning on borrowings | assets shrinking |
| 2025-12 | 3 | 3rd-party paper>100% NW |  |
| 2026-03 | 3 | delinquency 2x band | delinquency rising |

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

- 2026-08-13 [On Tap Credit Union Celebrates Back-to-School Season with New Youth Promotion and Annual Scholarship Winners - Business Wire](https://news.google.com/rss/articles/CBMi-AFBVV95cUxOdDkxRHpNcFBDZDNZT0tJSTdDeEFrcE9Jak5ZQ0YxbzBUSlF0LUFES1pwTFh2bXVPZ3B5N3VYVWM0ZXBtSTNkOFVWT1ltdmxKNmFUMV9hcW9tenRWZ1BpOWRaX0xpbHEydTZvbS1PbVpKNDl6MkJzZ0NTd2U1c09SaWNLNEZidTMtUFdubWJqbnk4T2hTMGVEcjRXZ1RkcmtGVkVPbWJMR3pNM1BzVGp4TE1NblVFQTVrOGlEVWl6MEdycUJXc1BHemc3VTdHT1BLM1Z2eGlrMS1wNWN4NW9JdE5RLWVvTTFQaWUzUlRTQzVRWkRzbVdVVw?oc=5) · Business Wire
- 2026-08-13 [CO-ON-TAP-CREDIT-UNION - thefacts.com](https://news.google.com/rss/articles/CBMioAFBVV95cUxObzUxY2tYaDI4NkFtVnJnVVFuMko5UDNyV1dfazhrUURfYW5OTlhzWVRldWJCMkctUXRQUS1NZzBwSjhSakJDMFJidlRmNVNBcXd6bl9RVGZlbzNBbmwzM3c5U3NoMEZyS0U1X3NlY1paT1l6bU1BSXpram1kdm1RbjdtVnJTamJuajc2QVFFMmxjc3BvRzVyWjRoaU1RNWRu?oc=5) · thefacts.com
- 2026-01-13 [Swaystack and On Tap Credit Union Partner to Eliminate Early-Stage Member Attrition - Panama City News Herald](https://news.google.com/rss/articles/CBMi0wFBVV95cUxQWU1QZUFoVTI2QXV4c0NWdm9VMVBXcXc4cncwMTRQOGNNeFo1VXhFRXI1Tll0b0VISkZCc1FSMGUyQ2pPSVZ5aUU4Zk9tdFNsQ0FVS2dwMWdXUW45TmZfRjJqMWloZXJ4aUZmT0lwLWpUblVjZWdkTjZ3d0hVeWNFRk1vUjMzSkEwZzR4S3JKUWtJbEltMVhUbHRIdGRNVm5tdGdfRWJhaHFxNnd1a0thakxKdVhUMWJpWkpHdWNiTXl4aTBkZUJvUUh0TjYtQXluTXFr?oc=5) · Panama City News Herald
- 2026-04-02 [Collaboration Beer Fest on tap for Saturday - denvergazette.com](https://news.google.com/rss/articles/CBMijgFBVV95cUxQNUlwTnFzWHFOUXZuOW4wLXo2V0ZQQlZ3cG90MFVhRWM4alFaV2VEZDZjcWs4amZpS29nZHVVSGkyRHkwSGhkSEVpalVQZklGRXZJWk9GNWhjY3FSei1CTDAteXNwTUxVZzFZTWphZEFoNDRBdHFvWTA4RkhtVDZhOHF6OWRhcnBXeU9wWkNB?oc=5) · denvergazette.com
- 2023-07-07 [Colorado’s Best Pale Ales Blind Tasting | Presented by On Tap Credit Union - PorchDrinking](https://news.google.com/rss/articles/CBMiugFBVV95cUxNMHFSR0pZdUV2cHBZeDNET2h3X0lLWm9WVzAwSTU1T1hubzNFNlBKV3JkMmw4aG9VX0FaMVhYazJBMFoxNmp0SWdQemQ1YmdXMUNaR2wzQWZxOTRUNkV2bkFhcE1XVmxzQVZLd0IzN056d1h0X0lnZ3ZSU3ROa0RvaTZzeDZMVzluSlVxVnpWZzlRZ2EzTlFjMWpHS0xLb1l1LWZYb1ZidHlfT2xsRHdyNnpua0RLcTQ1RXc?oc=5) · PorchDrinking
- 2024-09-03 [Credit Union of Denver selects Tony Nieto as next Chief Lending Officer - CUInsight](https://news.google.com/rss/articles/CBMisgFBVV95cUxOMW9fbDByV2dNSWhKcUtKc2tYRmVlSHN1WFA5ekJoQ2tMeldVTndwSk5ZcldBOHRKampmdkUtdzUyRXEwNjh3Wjh0ZFIzeHFVRXZvR0xwcVZYckcxN3BIVEVuWFFRcHpFb09WZUQ0RWRDX1dOWF9STU40Rnh5UXNDMFltQ0pXTHlOczdJREZCcGd3cnFLVVVXeVpCTnBVTE9RVUJNYlpQQUdNcHFkdGhWejd3?oc=5) · CUInsight
- 2025-11-19 [Forecast shows another 12" of snow possible in parts of Colorado through Saturday morning - denvergazette.com](https://news.google.com/rss/articles/CBMiygFBVV95cUxOOVU1UjB0V1ltTk44bGxJWkZtVkJuREFCNVNkS2lRTWFvZXowSEE5MTVuM2IwNTZ4ZkNDUG1WUUpDVy1yZzg0RW9EY3pqWnJHVWRDWC0tYjZyNmZfdV85ZTZOQnhFU3Q4M1lpREhiSUNteGVTRjF2QUtQSWRNVXNMWWFobzdyNXJBUWYzZTZlTkdvZFR4c2hoSzFmc3dZUmdGUFBjaXkxeVdZM2NxS2diQ3dDbW9IRllsSDdySzdJQlFGNTktTTlUbGlB?oc=5) · denvergazette.com
- 2025-06-21 [Paul Derrek Vezina Obituary Jun 21, 2025 - Horan & McConaty Funeral Service and Cremation](https://news.google.com/rss/articles/CBMiXkFVX3lxTE9tT0dxbnRNdl9kWE95VDV0bkhOS1hGSHpqM2JNaHRUUHh0TmViWkI5NTZHQ2ZYcXNDLVZ6aUhZZzBON005c2pxQWE1X2ZnWUFiUllWQXRMbFNrSzBNN3c?oc=5) · Horan & McConaty Funeral Service and Cremation

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=64913 (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/17.json (key "64913", 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=64913
- 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