# OPTIONS
Littleton, CO · NCUA charter 65111 · asset band <$50M · latest filing 2026-03 · live
Share link (named URL with a preview card): https://getbookiq.com/cu/options-65111

Who the members are: state charter, organized 1979. 557 members of 15,000 potential (3.7% of the field); checking penetration 56% (share draft accounts per 100 members); loans per 100 members 160.

**Verdict on the desk:** this could be *liquidity-tight*. 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 | $5.4M |
| Members | 557 (-2.5% YoY) |
| Full-time staff | 2 |
| Net worth | $389,612 |
| Net worth ratio | 7.3% (p3 of band) |
| ROA (annualized) | 0.38% (p40 of band) |
| Total delinquency | 0.05% (p21 of band) |
| Net charge-offs (annualized) | 0.00% (p22 of band) |
| Loans / shares | 99% (p96 of band) |
| Cash / assets | 5.4% |
| Borrowings / assets | 0.00% |
| Net interest margin | 4.63% (p78 of band) |
| Operating expense / assets | 5.51% (p85 of band) |
| Vehicles % of loans | 41% (p27 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 7% |
| Third-party paper % of net worth | 76% (p96 of band) |
| Vehicle delinquency | 0.00% (p16 of band) |
| Vehicle NCO | 0.00% (p35 of band) |
| Repossessed % of vehicle book | 0.00% (p46 of band) |
| Real estate % of loans | 39% |
| Credit cards % of loans | 8% |
| Unsecured % of loans | 16% |
| Commercial % of net worth | 0% |
| Core shares % of member funds | 50% |
| Certificates % of member funds | 18% |
| Average share balance | $4,901 |
| Participations bought / yr | $199,752 |
| Participations sold / yr | $0 |
| Participations outstanding | $348,695 |
| Loans outstanding per 100 members | 160% |
| Loans granted per 100 members, annualized | 179% |
| Average loan balance | $5,525 |
| Loans granted, annualized | $3.1M |

## Participation posture (from the same filings)

Bought $199,752 and sold $0 in the latest annualized quarter; $348,695 outstanding purchased (89.5% of net worth), $120,346 sold and retained. Sold in 0 and bought in 2 of the last 8 quarters. Shares 18.1% year over year.

## Flags firing in the latest filing

- **thin capital** (`cap_low`)
- **net worth falling** (`cap_falling`)
- **loans>95% of shares** (`str_ltos`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 2 | thin capital, expense trap |  |
| 2016-06 | 3 | loans>95% of shares |  |
| 2016-09 | 3 | net worth falling | loans>95% of shares |
| 2016-12 | 2 |  | net worth falling |
| 2017-03 | 3 | delinquency rising |  |
| 2017-06 | 3 |  |  |
| 2017-09 | 2 |  | delinquency rising |
| 2017-12 | 3 | delinquency rising |  |
| 2018-03 | 3 | net worth falling | delinquency rising |
| 2018-06 | 3 | 3rd-party paper>100% NW | expense trap |
| 2018-09 | 4 | expense trap, delinquency rising | net worth falling |
| 2018-12 | 4 | auto monoline | delinquency rising |
| 2019-03 | 6 | assets shrinking, loans>95% of shares |  |
| 2019-06 | 7 | delinquency rising |  |
| 2019-09 | 6 | net worth falling, losing money | assets shrinking, loans>95% of shares, delinquency rising |
| 2019-12 | 6 |  |  |
| 2020-03 | 6 | margin squeeze | auto monoline |
| 2020-06 | 6 | members leaving | net worth falling |
| 2020-09 | 5 | assets shrinking | losing money, margin squeeze |
| 2020-12 | 4 | margin squeeze | expense trap, assets shrinking |
| 2021-03 | 7 | capital below 7%, net worth falling |  |
| 2021-06 | 5 | expense trap, assets shrinking | margin squeeze, capital below 7%, net worth falling |
| 2021-09 | 6 | delinquency rising, loan book shrinking | assets shrinking |
| 2021-12 | 6 | delinquency 2x band, assets shrinking | thin capital, loan book shrinking |
| 2022-03 | 4 | thin capital | 3rd-party paper>100% NW, members leaving, delinquency 2x band |
| 2022-06 | 4 | loans>95% of shares | thin capital |
| 2022-09 | 4 | thin capital, 3rd-party paper>100% NW | delinquency rising, assets shrinking |
| 2022-12 | 5 | net worth falling |  |
| 2023-03 | 5 |  |  |
| 2023-06 | 4 |  | net worth falling |
| 2023-09 | 6 | losing money, members leaving |  |
| 2023-12 | 6 | net worth falling | expense trap |
| 2024-03 | 7 | expense trap, assets shrinking | net worth falling |
| 2024-06 | 5 |  | loans>95% of shares, 3rd-party paper>100% NW |
| 2024-09 | 5 | loans>95% of shares | thin capital |
| 2024-12 | 6 | loan book shrinking |  |
| 2025-03 | 7 | delinquency rising |  |
| 2025-06 | 6 |  | loan book shrinking |
| 2025-09 | 8 | thin capital, net worth falling |  |
| 2025-12 | 6 |  | expense trap, assets shrinking |
| 2026-03 | 3 |  | losing money, members leaving, delinquency rising |

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

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## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=65111 (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/23.json (key "65111", 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=65111
- 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