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Overview / Commentary
303-360-0987
751 Chambers Rd
Aurora, CO 80011-7151

Aurora Schools Credit Union is headquartered in Aurora and is the 28th largest credit union in the state of Colorado. It is also the 1,539th largest credit union in the nation. It was established in 1961 and as of March of 2014, it had grown to 19 employees and 7,150 members. Aurora Schools Credit Union has a B+ health rating.

Field of Membership Restrictions

Must be an employee or student of a public or private school which are certified by the Colorado State Department of Education located in Aurora, Colorado. - See Details

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Health

Data for Q1 2014

Institution Health

B+
Additional Factors: Institutions with a small asset base or a short operating history can represent an instability risk beyond what their financial ratios indicate. Aurora Schools Credit Union has a relatively low asset base.

Texas Ratio

GRADE:
A+

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 Schools Credit Union had $283,000 in non-current loans and owned real-estate with $10.34 million in equity and loan loss allowances on hand to cover it. This gives Aurora Schools Credit Union a Texas Ratio of 2.74% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
B

The Texas Ratio for Aurora Schools Credit Union decreased slightly from 3.07% as of March 31, 2013 to 2.74% as of March 31, 2014, resulting in a positive change of 10.98%.This indicates that the balance sheet and financial strength for Aurora Schools Credit Union has improved slightly in recent periods.

Deposit Growth

GRADE:
C+

In the past year, Aurora Schools Credit Union has decreased its total deposits by $-757,000, resulting in -0.85% 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 Schools Credit Union has shown is average.

Capitalization

GRADE:
B+

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 Schools Credit Union has $98.49 million in assets with $10.34 million in equity, resulting in a capitalization level of 10.50%, which is above average.

Institution Statistics

Overall
NCUA #14369
Year Chartered1961
Employees19
Primary Regulator
Assets and Liabilities
Assets$98.49 million
Loans$53.39 million
Deposits$88.30 million
Equity Capital$9.94 million
Loan Loss Allowance$403,000
Unbacked Noncurrent Loans$283,000
Real Estate Owned$0
Historic Data - March 2013
Assets$99.10 million
Equity Capital$9.51 million
Loan Loss Allowance$516,000
Unbacked Noncurrent Loans$283,000
Real Estate Owned$0
Profit Margin - Quarterly
Return on Assets0.46%
Return on Equity4.55%
Interest Income$724,000
Rates

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Aurora Schools Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.05%$25-Regular Shares
0.05%$25-Holiday Club Shares
0.05%$25-IRA Shares

Aurora Schools Credit Union Money Market Rates

DetailsAPYMINMAXPRODUCT
0.35%$50k-Money Market Shares

Aurora Schools Credit Union Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.17%$10k-Prosperity Checking
0.10%$500-Success Checking

Aurora Schools Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
1.65%$50k-60 Month Jumbo Certificate
1.50%$500-60 Month Certificate
1.35%$50k-48 Month Jumbo Certificate
1.20%$500-48 Month Certificate
1.10%$50k-36 Month Month Jumbo Certificate
0.95%$500-36 Month Certificate
0.80%$50k-24 Month Jumbo Certificate
0.75%$500-30 Month Certificate
0.70%$500-24 Month Certificate
0.50%$500-18 Month Certificate
0.50%$50k-12 Month Jumbo Certificate
0.40%$500-12 Month Certificate
0.40%$50k-6 Month Jumbo Certificate
0.30%$500-6 Month Certificate
0.30%$100-6 Month Add-on Certificate
0.15%$500-3 Month Certificate

Aurora Schools Credit Union IRA Rates

DetailsAPYMINMAXPRODUCT
1.50%$500-60 Month IRA Certificate
1.20%$500-48 Month IRA Certificate
0.95%$500-36 Month IRA Certificate
0.70%$500-24 Month IRA Certificate
0.40%$500-12 Month IRA Certificate
Locations


Aurora Schools Credit Union Locations
Branch Office751 Chambers RdAurora, CO 800117151
Branch Office18856 E Hampden AveAurora, CO 80013
Branch Office500 Airport BlvdAurora, CO 80011