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8400 E Prentice Ave, # 545
Greenwood Village, CO 80111

Colorado Federal Savings Bank is an online, savings-focused institution that makes limited banking options available to customers and potential customers. It offers savings accounts and certificates of deposit on its depository banking side, and mortgage loans on its lending side. Its deposit accounts typically offer interest rates that are higher than the national average because the bank exists solely online and does not have expenses related to branch operations. The savings account offering has a minimum initial deposit requirement and ensures FDIC insurance of up to $250,000 per depositor. The certificates of deposit range in term lengths from 6 months to 5 years and have initial minimum deposit requirements.

Since Colorado Federal Savings Bank online banking is the exclusive medium for account openings and management, the bank employs the industry standard security protocols for its web-based platform.

Colorado Federal Savings Bank was originally established in 1990 and is headquartered in Greenwood Village, Colorado. Its headquarters also function as a full-service brick and mortar office for customers banking locally.

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Colorado Federal Savings Bank Raises Online CD Rates - 7/29/2014

Colorado Federal Savings Bank has raised rates on its 1-, 2- and 3-Year CDs. CFSB is an online bank offering products and services to all US citizens.

Reviews (2)

Beware Of Poor Account Terms... No Interest Paid

I opened an account with this bank when they were offering a substantial yield.  The gradually lowered the yield over the next several months and now are a bankrate three star bank.  When I decided to switch to another bank they would not credit me my last month’s interest!  They cited a loophole in one of their disclosures that states if you close your account before interest is credited, you will not receive the accrued interest.  I don't recall seeing that disclosure when I opened the account. What's worse, I didn't even close my account, they did it automatically when I transferred my balance away.  This seems very unethical to me and definitely not something I have ever dealt with any other institution.  I checked my new institutions disclosures and they happily pay accrued interest when an account is closed.  When I asked to talk to a manager about this issue I was sent to voicemail.  I missed his return call but he dismissed my complaints as invalid and did not return my second call.  Seems like they would rather have an unhappy customer than do the ethical thing.  They got the use of my money for 25 days and refuse to pay the stated interest.   Other than that, their statements don't look very official and their interface to transfer money is very odd.


Closed My Account And Stole Interest

I made a withdrawal of most of my money to make a down payment. They closed my account automatically -- later I learned this is their policy whenever your balance drops below the minimum. They closed my account right before the end of the month, making it so I lost all the interest I was supposed to have earned for the month. Then they refused to do anything about it.

Watch out because they are trying to rip people off, and they might get you if your'e not careful.


Data for Q1 2014

Institution Health


Texas Ratio


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 Colorado Federal Savings Bank had $11.8 million in non-current loans and owned real-estate with $157.12 million in equity and loan loss allowances on hand to cover it. This gives Colorado Federal Savings Bank a Texas Ratio of 7.51% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend


The Texas Ratio for Colorado Federal Savings Bank experienced no significant changes from 6.73% as of March 31, 2013 to 7.51% as of March 31, 2014, resulting in a negative change of 11.60%. This indicates that the balance sheet and financial strength for Colorado Federal Savings Bank has had no significant changes in recent periods.

Deposit Growth


In the past year, Colorado Federal Savings Bank has decreased its total deposits by -$189.69 million, resulting in -15.51% 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 Colorado Federal Savings Bank has shown is poor.



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. Colorado Federal Savings Bank has $1.63 billion in assets with $157.12 million in equity, resulting in a capitalization level of 9.65%, which is above average.

Institution Statistics

FDIC Certificate #33111
Year Established1990
Primary RegulatorOCC
Assets and Liabilities
Assets$1.63 billion
Loans$456.05 million
Deposits$1.03 billion
Equity Capital$153.73 million
Loan Loss Allowance$3.40 million
Unbacked Noncurrent Loans$10.91 million
Real Estate Owned$889,000
Historic Data - March 2013
Assets$1.84 billion
Equity Capital$134.97 million
Loan Loss Allowance$2.80 million
Unbacked Noncurrent Loans$10.91 million
Real Estate Owned$1.23 million
Profit Margin - Quarterly
Net Interest Margin1.68%
Return on Assets0.74%
Return on Equity7.77%
Interest Income$7.95 million
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Colorado Federal Savings Bank Savings Account Rates

0.85%$2,500-Online Savings Account

Colorado Federal Savings Bank CD Rates

1.50%$5k-5 Year CD
1.40%$5k-3 Year CD
1.25%$5k-2 Year CD
1.10%$5k-1 Year CD
1.05%$5k-18 Month CD
0.70%$5k-6 Month CD

Colorado Federal Savings Bank is an Internet only bank and does not have branch locations. Its headquarters is located at 8400 E Prentice Ave, # 545 - Greenwood Village, CO 80111