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Overview / Commentary
303-441-7800
2800 Arapahoe Ave
Boulder, CO 80303

Boulder Municipal Employees Credit Union is headquartered in Boulder and is the 38th largest credit union in the state of Colorado. It is also the 1,996th largest credit union in the nation. It was established in 1965 and as of March of 2014, it had grown to 16 employees and 6,822 members. Boulder Municipal Employees Credit Union has a B+ health rating.

Field of Membership Restrictions

Must be an employee of one of the several Select Employee Groups. - 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. Boulder Municipal Employees 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 Boulder Municipal Employees Credit Union had $157,000 in non-current loans and owned real-estate with $5.16 million in equity and loan loss allowances on hand to cover it. This gives Boulder Municipal Employees Credit Union a Texas Ratio of 3.04% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
C+

The Texas Ratio for Boulder Municipal Employees Credit Union experienced no significant changes from 1.26% as of March 31, 2013 to 3.04% as of March 31, 2014, resulting in a negative change of 141.89%. This indicates that the balance sheet and financial strength for Boulder Municipal Employees Credit Union has had no significant changes in recent periods.

Deposit Growth

GRADE:
A

In the past year, Boulder Municipal Employees Credit Union has increased its total deposits by $2.44 million, resulting in 4.24% 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 Boulder Municipal Employees Credit Union has shown is excellent.

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. Boulder Municipal Employees Credit Union has $65.12 million in assets with $5.16 million in equity, resulting in a capitalization level of 7.93%, which is below average.

Institution Statistics

Overall
NCUA #16710
Year Chartered1965
Employees16
Primary Regulator
Assets and Liabilities
Assets$65.12 million
Loans$34.39 million
Deposits$59.99 million
Equity Capital$4.86 million
Loan Loss Allowance$300,000
Unbacked Noncurrent Loans$157,000
Real Estate Owned$0
Historic Data - March 2013
Assets$62.60 million
Equity Capital$4.78 million
Loan Loss Allowance$315,000
Unbacked Noncurrent Loans$157,000
Real Estate Owned$0
Profit Margin - Quarterly
Return on Assets0.37%
Return on Equity4.94%
Interest Income$495,000
Rates
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Boulder Municipal Employees Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.02%--Share Account
0.02%--Christmas Club
0.02%--Friendship Club
0.02%--IRA Share
0.02%--Health Savings Account (HSA)
0.02%--Roth IRA Share
0.02%--Education Share

Boulder Municipal Employees Credit Union Money Market Rates

DetailsAPYMINMAXPRODUCT
0.05%$10k-Money Market Account

Boulder Municipal Employees Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
0.50%$500-60 Month Share Certificate
0.42%$500-48 Month Share Certificate
0.27%$500-36 Month Share Certificate
0.25%$500-30 Month Share Certificate
0.20%$500-24 Month Share Certificate
0.15%$500-18 Month Share Certificate
0.15%$5k-25 Month Accelerated CD - One Time Rate Bump-Up Option
0.10%$500-12 Month Share Certificate
0.05%$500-6 Month Share Certificate
0.05%$50-12 Month Gift CD

Boulder Municipal Employees Credit Union IRA Rates

DetailsAPYMINMAXPRODUCT
0.50%$500-60 Month IRA Certificate
0.42%$500-48 Month IRA Certificate
0.27%$500-36 Month IRA Certificate
0.25%$500-30 Month IRA Certificate
0.20%$500-24 Month IRA Certificate
0.15%$500-18 Month IRA Certificate
0.10%$500-12 Month IRA Certificate
0.05%$500-6 Month IRA Certificate
Locations


Boulder Municipal Employees Credit Union Locations
Branch Office2800 Arapahoe AveBoulder, CO 80303