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Overview / Commentary
303-231-4320
10810 W Collins Ave
Lakewood, CO 80215

Blue Spruce Credit Union is headquartered in LAKEWOOD and is the 77th largest credit union in the state of Colorado. It is also the 5,226th largest credit union in the nation. It was established in 1969 and as of March of 2014, it had grown to 2 employees and 1,169 members. Blue Spruce Credit Union has a C+ health rating.

Field of Membership Restrictions

Must be a current employee of CaridianBCT, CaridianBCT Biotechnologies, Gambro Renal Products Inc. or Sorin Group USA. - See Details

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Health

Data for Q1 2014

Institution Health

C+
Additional Factors: Institutions with a small asset base or a short operating history can represent an instability risk beyond what their financial ratios indicate. Blue Spruce Credit Union has a very 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 Blue Spruce Credit Union had $0 in non-current loans and owned real-estate with $484,000 in equity and loan loss allowances on hand to cover it. This gives Blue Spruce Credit Union a Texas Ratio of 0.00% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Deposit Growth

GRADE:
D

In the past year, Blue Spruce Credit Union has decreased its total deposits by $-300,000, resulting in -6.07% 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 Blue Spruce Credit Union has shown is below average.

Capitalization

GRADE:
C+

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. Blue Spruce Credit Union has $5.14 million in assets with $484,000 in equity, resulting in a capitalization level of 9.42%, which is average.

Institution Statistics

Overall
NCUA #19845
Year Chartered1969
Employees2
Primary Regulator
Assets and Liabilities
Assets$5.14 million
Loans$2.27 million
Deposits$4.64 million
Equity Capital$475,000
Loan Loss Allowance$9,000
Real Estate Owned$0
Historic Data - March 2013
Assets$5.43 million
Equity Capital$468,000
Loan Loss Allowance$26,000
Unbacked Noncurrent Loans$0
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin1.28%
Return on Assets-0.08%
Return on Equity-0.84%
Interest Income$36,000
Rates
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Blue Spruce Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.03%$25-Regular Share Account

Blue Spruce Credit Union Money Market Rates

DetailsAPYMINMAXPRODUCT
0.05%$2,500-Money Market Account

Blue Spruce Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
0.10%$500-6 Month Share Certificate
0.10%$500-12 Month Share Certificate
0.10%$500-24 Month Share Certificate
Locations


Blue Spruce Credit Union Locations
Branch Office10810 W COLLINS AVELAKEWOOD, CO 80215