Aurora Federal Credit Union is headquartered in Aurora and is the 31st largest credit union in the state of Colorado. It is also the 1,745th largest credit union in the nation. It was established in 1968 and as of March of 2014, it had grown to 17 employees and 7,663 members. Aurora Federal Credit Union has a B+ health rating.
The following groups are eligible for membership: ** City of Aurora employees, retired employees, volunteers and their relatives ** Employees and volunteers, and their relatives, of one of our Select Employee Groups ** Those who live, work, worship, or attend school in Original Aurora (Zip codes 80010 & 80011) ** Residents of Montrose and Delta Counties, CO ** Employees, retired employees, volunteers and their relatives of Colorado, Kansas, New Mexico and Wyoming Rural Electric CO-OP’s. - See Details
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The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 Aurora Federal Credit Union had $484,000 in non-current loans and owned real-estate with $10.99 million in equity and loan loss allowances on hand to cover it. This gives Aurora Federal Credit Union a Texas Ratio of 4.40% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
The Texas Ratio for Aurora Federal Credit Union experienced no significant changes from 4.75% as of March 31, 2013 to 4.40% as of March 31, 2014, resulting in a positive change of 7.35%.This indicates that the balance sheet and financial strength for Aurora Federal Credit Union has had no significant changes in recent periods.
In the past year, Aurora Federal Credit Union has decreased its total deposits by -$1.56 million, resulting in -2.18% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Aurora Federal Credit Union has shown is average.
Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Aurora Federal Credit Union has $81.01 million in assets with $10.99 million in equity, resulting in a capitalization level of 13.57%, which is excellent.
|Assets and Liabilities|
|Equity Capital||$10.08 million|
|Loan Loss Allowance||$908,000|
|Unbacked Noncurrent Loans||$484,000|
|Real Estate Owned||$0|
|Historic Data - March 2013|
|Equity Capital||$8.89 million|
|Loan Loss Allowance||$961,000|
|Unbacked Noncurrent Loans||$484,000|
|Real Estate Owned||$102,000|
|Profit Margin - Quarterly|
|Net Interest Margin||1.43%|
|Return on Assets||1.28%|
|Return on Equity||10.31%|
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|0.06%||$500||-||IRA Share Account|
|0.06%||$500||-||Roth IRA Share Account|
|0.05%||$25||-||Regular Savings Account|
|0.05%||-||-||Health Savings Account|
|0.03%||-||-||Other Savings Account|
|0.30%||$75k||-||Money Market Account|
|1.60%||$50k||-||60 Month Super Jumbo CD|
|1.44%||$10k||-||60 Month Jumbo CD|
|1.14%||$50k||-||48 Month Super Jumbo CD|
|1.00%||$500||-||60 Month CD|
|1.00%||$50k||-||36 Month Super Jumbo CD|
|0.98%||$10k||-||48 Month Jumbo CD|
|0.84%||$10k||-||36 Month Jumbo CD|
|0.70%||$500||-||48 Month CD|
|0.70%||$50k||-||24 Month Super Jumbo CD|
|0.60%||$500||-||36 Month CD|
|0.55%||$10k||-||24 Month Jumbo CD|
|0.40%||$500||-||24 Month CD|
|0.40%||$50k||-||18 Month Super Jumbo CD|
|0.35%||$10k||-||18 Month Jumbo CD|
|0.30%||$500||-||18 Month CD|
|0.30%||$50k||-||12 Month Super Jumbo CD|
|0.25%||$10k||-||12 Month Jumbo CD|
|0.20%||$500||-||12 Month CD|
|0.20%||$50k||-||6 Month Super Jumbo CD|
|0.15%||$10k||-||6 Month Jumbo CD|
|0.10%||$500||-||6 Month CD|
|1.45%||$500||-||60 Month IRA|
|1.00%||$500||-||48 Month IRA|
|0.85%||$500||-||36 Month IRA|
|0.60%||$500||-||24 Month IRA|
|0.20%||$500||-||12 Month IRA|
|Aurora Federal Credit Union Locations|
|Branch Office||15151 E Alameda Pkwy||Aurora, CO 80012-1555|
|Branch Office||6 Abilene St||Aurora, CO 80011|