# ELEVATIONS
Boulder, CO · NCUA charter 68565 · asset band $1-10B · latest filing 2026-03 · live
Share link (named URL with a preview card): https://getbookiq.com/cu/elevations-68565

Who the members are: state charter, organized 1952, low-income designated. 180,272 members of 3,831,667 potential (4.7% of the field); checking penetration 70% (share draft accounts per 100 members); loans per 100 members 37.

**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 | $3.54B |
| Members | 180,272 (1.6% YoY) |
| Full-time staff | 508 |
| Net worth | $403.8M |
| Net worth ratio | 11.4% (p63 of band) |
| ROA (annualized) | 0.92% (p67 of band) |
| Total delinquency | 0.42% (p29 of band) |
| Net charge-offs (annualized) | 0.12% (p8 of band) |
| Loans / shares | 99% (p86 of band) |
| Cash / assets | 2.9% |
| Borrowings / assets | 8.83% |
| Net interest margin | 3.62% (p70 of band) |
| Operating expense / assets | 4.03% (p87 of band) |
| Vehicles % of loans | 2% (p2 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 35% |
| Third-party paper % of net worth | 8% (p13 of band) |
| Vehicle delinquency | 0.06% (p1 of band) |
| Vehicle NCO | 1.44% (p71 of band) |
| Repossessed % of vehicle book | 0.01% (p27 of band) |
| Real estate % of loans | 81% |
| Credit cards % of loans | 3% |
| Unsecured % of loans | 4% |
| Commercial % of net worth | 78% |
| Core shares % of member funds | 60% |
| Certificates % of member funds | 24% |
| Average share balance | $7,470 |
| Participations bought / yr | $0 |
| Participations sold / yr | $0 |
| Participations outstanding | $16.3M |
| Loans outstanding per 100 members | 37% |
| Loans granted per 100 members, annualized | 49% |
| Average loan balance | $40,519 |
| Loans granted, annualized | $2.92B |

## Participation posture (from the same filings)

Bought $0 and sold $0 in the latest annualized quarter; $16.3M outstanding purchased (4.0% of net worth), $50.9M sold and retained. Sold in 6 and bought in 0 of the last 8 quarters. Shares 3.4% year over year.

## Flags firing in the latest filing

- **delinquency rising** (`aq_dq_rising`)
- **loans>95% of shares** (`str_ltos`)
- **leaning on borrowings** (`str_borrowings`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 1 | expense trap |  |
| 2016-06 | 1 |  |  |
| 2016-09 | 1 |  |  |
| 2016-12 | 1 |  |  |
| 2017-03 | 2 | net worth falling |  |
| 2017-06 | 1 |  | net worth falling |
| 2017-09 | 1 |  |  |
| 2017-12 | 1 |  |  |
| 2018-03 | 1 |  |  |
| 2018-06 | 1 |  |  |
| 2018-09 | 1 |  |  |
| 2018-12 | 2 | net worth falling |  |
| 2019-03 | 1 |  | net worth falling |
| 2019-06 | 1 |  |  |
| 2019-09 | 1 |  |  |
| 2019-12 | 1 |  |  |
| 2020-03 | 1 |  |  |
| 2020-06 | 3 | margin squeeze, delinquency rising |  |
| 2020-09 | 3 | net worth falling | delinquency rising |
| 2020-12 | 4 | delinquency rising |  |
| 2021-03 | 2 |  | net worth falling, delinquency rising |
| 2021-06 | 2 |  |  |
| 2021-09 | 2 |  |  |
| 2021-12 | 3 | net worth falling |  |
| 2022-03 | 5 | thin capital, losing money, delinquency rising | margin squeeze |
| 2022-06 | 2 |  | net worth falling, thin capital, delinquency rising |
| 2022-09 | 1 |  | losing money |
| 2022-12 | 1 |  |  |
| 2023-03 | 1 | leaning on borrowings | expense trap |
| 2023-06 | 1 |  |  |
| 2023-09 | 3 | delinquency rising, loans>95% of shares |  |
| 2023-12 | 3 |  |  |
| 2024-03 | 2 |  | delinquency rising |
| 2024-06 | 2 |  |  |
| 2024-09 | 3 | delinquency rising |  |
| 2024-12 | 3 |  |  |
| 2025-03 | 3 |  |  |
| 2025-06 | 3 |  |  |
| 2025-09 | 2 |  | delinquency rising |
| 2025-12 | 2 |  |  |
| 2026-03 | 3 | delinquency rising |  |

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

- 2026-05-13 [Top Workplaces 2026: What Colorado workers want and how top employers deliver - The Denver Post](https://news.google.com/rss/articles/CBMiigFBVV95cUxQSHNlaGhzZ0U4WlNnNXJuVmxueU1WMFJQSGtrRFJiYmVRb1JfcHpDbEVDdWhSWnM3eXEzWmRtVWxJVlhYX3hGRHRWVUlENjFxdHJtaXRvMWR1QXZPVDdPdFIwZ2t4M0daX2VvanVxUmdYc1VZbE5ITHBYaUNVdmxCR250WnFlUndVUWc?oc=5) · The Denver Post
- 2026-07-02 [As Colorado cities cancel July 4th fireworks, here's Fort Collins' plan - The Coloradoan](https://news.google.com/rss/articles/CBMi2AFBVV95cUxOc2k2ekRmSnVGWHFPbG52SWJyNlZkWm8yUVhSWDJyYjN3c2lFZkdBSjVINzV0VlF2TjhWNVl0ak5sVU9mZ0hDSXJ2MVd2ZFBFQzdEUWFWTUNBTEVCSWIyc05SS0hFcVV1Zko0ZS0xTG9TdnFmTTVQVGs3OHdTTmxNRGtFbGRSMkhrU21aWWhMbFViVE44S3k1TGdsanZmLW5oaUd2b3ZOM2tKclpGeTg3NEdEYU5kTnBVOXRYczVGb3dESXBlcFduVU5VQ0Z3Skd5Z0VDY2VJWVQ?oc=5) · The Coloradoan
- 2026-05-13 [Top Workplaces 2026: How Colorado companies keep their best people - The Denver Post](https://news.google.com/rss/articles/CBMihgFBVV95cUxQeVFpa2pHMWNrVXVhQWl5QjVpenlUMkZYaGNXRVo4RllDTWFpaVdpLVJ3QUo1ZjhsM2M2M3RSX2RvaFh3a3c5LWxnVlF1NHpBSThhY1d6SktuUS1mSGhOV0VsR3RrcmtoTTRjRFZTMVpjVmVVeVc5cVhpUl9XNm5VR2s1b3lPZw?oc=5) · The Denver Post
- 2026-03-10 [Elevations appoints Michael Calcote as President and CEO - CUInsight](https://news.google.com/rss/articles/CBMingFBVV95cUxOUWt2SFdpTFA3NlVBWHRiNjhBRm9IcHhzOGZQb0stWVdJUHpNdGRLbEJ2WlBYS3M4VnpiQWlEbEtfS0xmaGhMVks3S0tGOTMtc0JUMHdJS0N5RHZFd1B2NDhzaE95S0lWaXk0OUVWeEplZFlsd0VpZFNpQnRwbGJIUGRDa0V4UXFnc1pkMU5STjA2VHVPX1RUblRvem1BUQ?oc=5) · CUInsight
- 2025-12-22 [$10K down‑payment assistance program opens door to homeownership for Boulder County residents - Denver7](https://news.google.com/rss/articles/CBMizAFBVV95cUxNS2VpaTNOYTRvV2xXUmtRck1DVEowSFFMRjVob2VpbW8wQkxfVmNRc2ZUNWc5QXpVNzJiTXBrc3VvaFNrSjNYY3pVUjBOdTF6X2g5QUNwVUZJbXFZbG5sM1NWT2ZvU3kzSG9OanotYVRISngzSzltREhhRF9hUk5LSGZfbVNwMzMxQ2JmT2dDWjJsSXFHb2dyUG1RNXA1eUVJNHVvREFVcWhoYWFwX2NKRlhORDBETldtcy1TT1dMVnhIWWJOdGxnb2xkRFk?oc=5) · Denver7
- 2024-11-13 [New credit card uses NIL to help fans support CU student-athletes - Learfield](https://news.google.com/rss/articles/CBMiogFBVV95cUxQVDhUTThmanJyZ3BwWkZscnBGYzFNbVVRWHpHQlFUTEQ5OS1nU3NmVGVqY3VPa2dFYW84RERiYjNNN3JfZVB4Z2JwRWNWaVpvWk1sX3E1RHBfOWdOQ3ZHT05QU0xBa3ltR0Nxcm5Jb19ud2ItNFZZaXc1VHZ0WVliR1g3WlVvSldXVUE1Sm5XYklCRGJ5SFpsYUV0Q0p6YlY3WEE?oc=5) · Learfield
- 2020-01-16 [Colorado Banking Board denies Elevations Credit Union’s bid to buy Cache Bank assets - Daily Camera](https://news.google.com/rss/articles/CBMiwAFBVV95cUxOYXFkR1hzRXBLcXVjaFRPN1J3RlpLVV8xZk1DbF9fNkdLYlRLSGxTODc4SlM0RUN1M2k4WW5KU2M1bGJOYUhRaVVnLWd3WjFWRkNPRXpLWWRJVmRjUHJVS1RNbUFCakcwU1QycHRPYWFQWEJWVzI2WEZ2Z0pJdmt4VWdtaGlZTVRSY1pGVS1DSmpqczRJRkt2TXIyRUdnOUNTNjlOdExBX1owRDdlN0lIX3R1czFwQS1iNkxvYmdKLWc?oc=5) · Daily Camera
- 2025-05-14 [Elevations Credit Union named #1 Top Workplace in Colorado - CUInsight](https://news.google.com/rss/articles/CBMinwFBVV95cUxOaDVjczAzM2dUcnprR24yMDJua1RNenR4SDBfam9sM240dmdkakpQM0s4UnFGVUl2UTFJekNZN1hKUVVHQko5Qm5UaUk4akRVNFluVXlROUdZX01fUUoxQjNVN05oazQyRTg3ai1PeW5mcVItVFdha2xvUXlWdUxGWUhCVmp5T2wwTUhDSEdHVFNMZndzc2xWdjFkR3ZqcEE?oc=5) · CUInsight

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=68565 (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/21.json (key "68565", 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=68565
- 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