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.
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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 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.
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.
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.
|Assets and Liabilities|
|Loan Loss Allowance||$9,000|
|Real Estate Owned||$0|
|Historic Data - March 2013|
|Loan Loss Allowance||$26,000|
|Unbacked Noncurrent Loans||$0|
|Real Estate Owned||$0|
|Profit Margin - Quarterly|
|Net Interest Margin||1.28%|
|Return on Assets||-0.08%|
|Return on Equity||-0.84%|
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|0.03%||$25||-||Regular Share Account|
|0.05%||$2,500||-||Money Market Account|
|0.10%||$500||-||6 Month Share Certificate|
|0.10%||$500||-||12 Month Share Certificate|
|0.10%||$500||-||24 Month Share Certificate|
|Blue Spruce Credit Union Locations|
|Branch Office||10810 W COLLINS AVE||LAKEWOOD, CO 80215|