# HORIZONS NORTH
Westminster, CO · NCUA charter 68274 · asset band $100-200M · latest filing 2026-03 · live
Share link (named URL with a preview card): https://getbookiq.com/cu/horizons-north-68274

Who the members are: state charter, organized 1960. 6,718 members of 71,500 potential (9.4% of the field); checking penetration 68% (share draft accounts per 100 members); loans per 100 members 55.

**Verdict on the desk:** this could be *ordinary*. Composite score 2 of 18 (one point per flag across 17 flags, capital below 7% counted twice).

## What the filing shows

| Measure | Value |
|---|---|
| Total assets | $135.6M |
| Members | 6,718 (-1.9% YoY) |
| Full-time staff | 19 |
| Net worth | $11.0M |
| Net worth ratio | 8.2% (p5 of band) |
| ROA (annualized) | 0.66% (p48 of band) |
| Total delinquency | 0.06% (p4 of band) |
| Net charge-offs (annualized) | 0.08% (p18 of band) |
| Loans / shares | 74% (p58 of band) |
| Cash / assets | 23.9% |
| Borrowings / assets | 0.00% |
| Net interest margin | 3.21% (p24 of band) |
| Operating expense / assets | 3.41% (p41 of band) |
| Vehicles % of loans | 23% (p25 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 50% |
| Third-party paper % of net worth | 95% (p69 of band) |
| Vehicle delinquency | 0.23% (p24 of band) |
| Vehicle NCO | 0.19% (p29 of band) |
| Repossessed % of vehicle book | 0.00% (p32 of band) |
| Real estate % of loans | 54% |
| Credit cards % of loans | 1% |
| Unsecured % of loans | 2% |
| Commercial % of net worth | 120% |
| Core shares % of member funds | 48% |
| Certificates % of member funds | 27% |
| Average share balance | $9,201 |
| Participations bought / yr | $2.4M |
| Participations sold / yr | $0 |
| Participations outstanding | $17.0M |
| Loans outstanding per 100 members | 55% |
| Loans granted per 100 members, annualized | 7% |
| Average loan balance | $24,811 |
| Loans granted, annualized | $25.9M |

## Participation posture (from the same filings)

Bought $2.4M and sold $0 in the latest annualized quarter; $17.0M outstanding purchased (153.8% of net worth), $4.2M sold and retained. Sold in 2 and bought in 8 of the last 8 quarters. Shares 7.5% year over year.

## Flags firing in the latest filing

- **thin capital** (`cap_low`)
- **delinquency rising** (`aq_dq_rising`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 2 | thin capital, 3rd-party paper>100% NW |  |
| 2016-06 | 2 |  |  |
| 2016-09 | 2 |  |  |
| 2016-12 | 2 |  |  |
| 2017-03 | 2 |  |  |
| 2017-06 | 3 | delinquency rising |  |
| 2017-09 | 3 |  |  |
| 2017-12 | 3 |  |  |
| 2018-03 | 2 |  | delinquency rising |
| 2018-06 | 2 |  |  |
| 2018-09 | 2 |  |  |
| 2018-12 | 1 |  | thin capital |
| 2019-03 | 3 | thin capital, leaning on borrowings |  |
| 2019-06 | 2 | delinquency rising | thin capital, leaning on borrowings |
| 2019-09 | 1 |  | delinquency rising |
| 2019-12 | 1 |  |  |
| 2020-03 | 4 | thin capital, net worth falling, delinquency rising |  |
| 2020-06 | 4 | losing money | delinquency rising |
| 2020-09 | 2 |  | net worth falling, losing money |
| 2020-12 | 3 | margin squeeze |  |
| 2021-03 | 5 | net worth falling, losing money |  |
| 2021-06 | 3 |  | margin squeeze, losing money |
| 2021-09 | 2 |  | net worth falling |
| 2021-12 | 3 | members leaving |  |
| 2022-03 | 3 |  |  |
| 2022-06 | 3 |  |  |
| 2022-09 | 3 |  |  |
| 2022-12 | 2 |  | members leaving |
| 2023-03 | 4 | net worth falling, leaning on borrowings |  |
| 2023-06 | 2 |  | net worth falling, leaning on borrowings |
| 2023-09 | 2 |  |  |
| 2023-12 | 3 | delinquency rising |  |
| 2024-03 | 3 |  |  |
| 2024-06 | 4 | assets shrinking |  |
| 2024-09 | 4 | members leaving | delinquency rising |
| 2024-12 | 2 |  | assets shrinking, members leaving |
| 2025-03 | 3 | net worth falling |  |
| 2025-06 | 2 |  | net worth falling |
| 2025-09 | 2 |  |  |
| 2025-12 | 2 | delinquency rising | 3rd-party paper>100% NW |
| 2026-03 | 2 |  |  |

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

- 2024-03-01 [February Banking People Moves: Who Stayed, Left and Got Promoted - The Financial Brand](https://news.google.com/rss/articles/CBMiuAFBVV95cUxON0VZTFM2N2NoYlBqYlJSeGxVLUdOekhXT2MyTWp5Sm5rN1NfVUgtQndZVEhvYTN6eTVxZFA4OXlGSV8xU1kzVlNEZHBSeEFhRk1KVm53ZEJrTUJlTy1IX0NHblRaSER4T0tjaEZPSjVkU2owMTVBb0pzZ1NfSDRDLWtjbVlqOEIzZ01ydWpLOEFtcUtBUlIzMWFuVG55TnU5VTdXODg4Tzl2Tm1UN0QxZ0pIa1dZa2tk?oc=5) · The Financial Brand
- 2016-05-08 [Coaching stalwart Capra loses battle with leukemia - The Denver Post](https://news.google.com/rss/articles/CBMikwFBVV95cUxOSGUwRjVpN2FubGlVNDNBNmt4RHdtSnlsOGtHSHFGVWhkWDJFcHlyX3dzaWYyRGdPU1Y2Mkd1NHk4LURpWUstYko0SFlpbENaanlzWEVBc05PVlVuQXVWUnlwRHZiRU9jMG9PS3ZrOV85cVBFdF9vQUhDcmlWYlBJb2ZoNFpHTzVYellLZVB2LThtU00?oc=5) · The Denver Post
- 2018-02-02 [Patrick Graf Obituary - Thornton, CO - Dignity Memorial](https://news.google.com/rss/articles/CBMigAFBVV95cUxPWlpOQlI0RlhwVWF4Y3BleG80S3lIN2xmNEVhSWpPVkpULWVpVGhMazR6Yk9uV3N5eDJEUjZ1VTVSYmpibmN6NkozT015OHRydTlFZ3hLbXJmVDNfS3pFSmt3bTNGd2RtdDNsUlRzNTBpVmROVU9KeGdPY0xQUzFxRg?oc=5) · Dignity Memorial
- 2024-05-02 [April Banking People Moves: Who Stayed, Left and Got Promoted - The Financial Brand](https://news.google.com/rss/articles/CBMitAFBVV95cUxNTFJNc2NMX1J0bnVXUjdCZ1hRLUlzY3BvaGFnU3BubGszR2JUTVhKaVEwTHVlN1RXQUdxa3BkM1JGSGpUQm1OOVNhWjRhS18xR2tObkU3bldrMy1INXFzQmxWMTZGTng5RWFoVVBxdGJxVmw1MU5ZSlNJckg4SDN2TFA5MHk2Zm5OLXV0UGxWZk1JTmtHU3ljaEt0T1lhMlZFSS16MDAxcmtCcFVCT0dSRVBMa0U?oc=5) · The Financial Brand
- 2021-10-04 [Ian Muro Obituary (1999 - 2013) - Brighton, CO - Brighton Standard Blade - legacy.com](https://news.google.com/rss/articles/CBMikgFBVV95cUxNMll3OGNDWHRaaW9SV2dPeXYyUDBWWWRNUUE2OHJlSTAwSFMwZGE4MnpOdUJMbXQtUld1cDQ5QmFHLUFzZHBMbkxxbmQ0ZW02SjduT0lxekt4NEVkQ0dlcUpFNDVQZ3lOTGVDZ1NqeGdfXzhveE82N2ZnX0NHWEx1T3lwZnR5ZUlXS0JEMlNuVzdjQQ?oc=5) · legacy.com

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=68274 (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/50.json (key "68274", 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=68274
- 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