# RED ROCKS
Littleton, CO · NCUA charter 68560 · asset band $200-500M · latest filing 2026-03 · live
Share link (named URL with a preview card): https://getbookiq.com/cu/red-rocks-68560

Who the members are: state charter, organized 1979. 18,210 members of 1,658,164 potential (1.1% of the field); checking penetration 38% (share draft accounts per 100 members); loans per 100 members 54.

**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 | $354.4M |
| Members | 18,210 (2.4% YoY) |
| Full-time staff | 53 |
| Net worth | $32.1M |
| Net worth ratio | 9.1% (p16 of band) |
| ROA (annualized) | 0.25% (p18 of band) |
| Total delinquency | 0.59% (p49 of band) |
| Net charge-offs (annualized) | 0.28% (p39 of band) |
| Loans / shares | 90% (p88 of band) |
| Cash / assets | 10.6% |
| Borrowings / assets | 5.12% |
| Net interest margin | 3.46% (p42 of band) |
| Operating expense / assets | 3.90% (p59 of band) |
| Vehicles % of loans | 10% (p8 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 49% |
| Third-party paper % of net worth | 94% (p54 of band) |
| Vehicle delinquency | 0.47% (p43 of band) |
| Vehicle NCO | 0.83% (p61 of band) |
| Repossessed % of vehicle book | 0.14% (p79 of band) |
| Real estate % of loans | 80% |
| Credit cards % of loans | 1% |
| Unsecured % of loans | 10% |
| Commercial % of net worth | 0% |
| Core shares % of member funds | 46% |
| Certificates % of member funds | 34% |
| Average share balance | $8,978 |
| Participations bought / yr | $47.9M |
| Participations sold / yr | $37.0M |
| Participations outstanding | $39.9M |
| Loans outstanding per 100 members | 54% |
| Loans granted per 100 members, annualized | 11% |
| Average loan balance | $27,838 |
| Loans granted, annualized | $118.3M |

## Participation posture (from the same filings)

Bought $47.9M and sold $37.0M in the latest annualized quarter; $39.9M outstanding purchased (124.3% of net worth), $1.0M sold and retained. Sold in 1 and bought in 7 of the last 8 quarters. Shares 5.5% year over year.

## Flags firing in the latest filing

- **net worth falling** (`cap_falling`)
- **leaning on borrowings** (`str_borrowings`)

## Warning timeline

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

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

- 2026-09-08 [Institutional Leadership Gets Real When Easy Answers Disappear - The Financial Brand](https://news.google.com/rss/articles/CBMiuAFBVV95cUxNSGZ2d0dZWVFVRHdNbnNnVzlueGltVUJvdl9LX2plSVk1RFBYN3QzekVkSmN5aTdHTzI2azZFeER2eFdteXVTMUhhUndRUmZmclN2TjZuUnZjLVRUaTI3czBndXZ6R2ZxNTFSZ1E4amZBVUc1cHF2WUxCOUY4eFdsTVpVc3Ewd1F4by0wOXRmTXZtcG44Q19oM016bjdCbEpJREJjakNPeVprRmhYaGFRaERTaXB6X1cw?oc=5) · The Financial Brand
- 2026-08-27 [Carlos Santana faces backlash over cancer claims at Red Rocks concert - San Francisco Chronicle](https://news.google.com/rss/articles/CBMiqwFBVV95cUxPVkpCRWxuUlVrLV9hTm9vN0Ytdm9rcTBnbUt0X3RNTHRvUXRIQ25NUy1ucS1PR2ZSd1pCaHpHV01XYjBZWEU0ckVlQWN2dS1McUVoYXF0NTYzTVB4cERjd0hRd3hWVlc1MEhxN25VSVRkVEEyS0xsckI5MUhVRnNrczR3Tms0X19PU2ozWF9ZMzZGWmc0VFdGaTlBWVR4LTJOWUxpNFdobkcyWGs?oc=5) · San Francisco Chronicle
- 2026-08-18 [CO-RED-ROCKS-CREDIT - Black Hills Pioneer](https://news.google.com/rss/articles/CBMiqwFBVV95cUxNcEFKUllCTmhNTlB5c1ZIMkctSEhULVdQYXNTUDlDRzBJSlZPZk1laEViZ1BjZU12dDFZQTNFaXZaVllyMjlsZ3RCYThnLXNQdTU1MjVmV2hodE9fZ1hBRlVYOTdSTWRqaGdlOXVoeWJZNG8yWjM3dXhwOW1US2EwY0Nnek5KcDBLQVpxaWI5MDlweVFGZjZ4QWx4MVJzdjNqS2hoMDRjb0UtWDA?oc=5) · Black Hills Pioneer
- 2026-09-01 [Bryson Tiller Setlist: What to Expect on the 2026 Neo Trapsoul Tour - Ticketmaster Blog](https://news.google.com/rss/articles/CBMiYkFVX3lxTFBuNWh1Z2U2QXBkME12V2s2OU9PNGx1c1IzZzlWUTk3dkVxdDlrYkEtV0IyTGhXYWhWRUh2SnFPampESFZBakwycl85d284TXBkc3dNbTd4aVBHZWZwdXNQMEFB?oc=5) · Ticketmaster Blog
- 2026-02-14 [What’s Working: Denver prices grew faster than US in January - The Colorado Sun](https://news.google.com/rss/articles/CBMihwFBVV95cUxPNVFUUXAxQ1pwNW41MmlDTVUtOGJPb1lzaXU4MUU3ellaV0RneElSMzFjdjZERkQweHEtVUtRZmZ5RkU2YmJaQm1lOU5VMFJlUW9jM3AxNGhtb28wcEdPN0c2N0NTVktoN21TMFNyTlBnZjduem5NbVNqTVBSOWQweWtIaDkxQXc?oc=5) · The Colorado Sun
- 2026-06-01 [Bryson Tiller Announces Dates For ‘The Neo Trapsoul Tour’ - Pollstar News](https://news.google.com/rss/articles/CBMimAFBVV95cUxNeEt3Y18xYzRBTWQ3akY3NzR0NldBMDhTRFUzazMwX2lYWUFNMjNXM1ZrVXVIZ2RQeDlqSnl6TE9uSk1vRkZBUjJISEZ1dWp1MkxkcUNiaHZPei1pZFFManRjNDJnTVlWN21LeW9aOGo3WmQtUXRGY3ZyQXJVSl9DR09XUFNZdkxKWWVTNWd4Q1JnRXI1NjdlMg?oc=5) · Pollstar News
- 2022-03-30 [Red Rocks Credit Union Selects Upstart for Personal Lending - Upstart](https://news.google.com/rss/articles/CBMitAFBVV95cUxOaWVTT19zb2xoQjZlU0NzbzlJdzVrRGRYMjU0VHpfdUhMLTNNb1EyY2NZVFpQRHZ5QWxEei1RdTdjR2N1dDFjdmJTaGc3U2M5cUZUX2xJaVlrQVhtMFp4WDE0R1NXdDhnWGNfUnBPb29FMFpIVGxxd3pMbVI3ZlFjUEstTFZSWUpGbnJtdGsxNGhJd19rZnJOOWhPOHNRdnZBLTFBQi1HY0lfaU84bXRxMTZpaDU?oc=5) · Upstart
- 2026-03-11 [Empire of the Sun Launch 31-Date "Ask That God Tour: Afterlife" Starting at Red Rocks This August - That Eric Alper](https://news.google.com/rss/articles/CBMi0gFBVV95cUxNYm1FTWpfMjFQdVhnZk9WRHNnTEFQRXBqODdqY0lSSVVHeXJ6UG9nMC04U0tZRHo1WGNjWlo5amU4RkhqUTBTRXBBbHRzeGpiU2pZU085SmZsNmdvMU9ENmJDdUtwVS12NEYza3RPaFBubE85UGo3cDAxczJSb3hPbG1iVlZZeFBmWDdzTkN1VDFkdGI2WU5qRHZIbkFJdVRoeHI2VHVnam9wb1B1bW90c0ktUUhwck9CTXF1WmpueVZEcmVXRFFUWE96RW1Cd1ZaS0E?oc=5) · That Eric Alper

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=68560 (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/16.json (key "68560", 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=68560
- 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