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Overview / Commentary
516 28 Rd
Grand Junction, CO 81501

Coloramo Credit Union is headquartered in Grand Junction and is the 32nd largest credit union in the state of Colorado. It is also the 1,765th largest credit union in the nation. It was established in 1953 and as of March of 2014, it had grown to 31 employees and 7,898 members. Coloramo Credit Union has a A health rating.

Field of Membership Restrictions

Must live, work or attend school in Mesa County. - See Details

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Data for Q1 2014

Institution Health

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

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 Coloramo Credit Union had $152,000 in non-current loans and owned real-estate with $9.95 million in equity and loan loss allowances on hand to cover it. This gives Coloramo Credit Union a Texas Ratio of 1.53% 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 Coloramo Credit Union decreased dramatically from 2.38% as of March 31, 2013 to 1.53% as of March 31, 2014, resulting in a positive change of 35.89%.This indicates that the balance sheet and financial strength for Coloramo Credit Union has improved dramatically in recent periods.

Deposit Growth


In the past year, Coloramo Credit Union has increased its total deposits by $3.18 million, resulting in 4.81% 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 Coloramo Credit Union has shown is excellent.



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. Coloramo Credit Union has $79.72 million in assets with $9.95 million in equity, resulting in a capitalization level of 12.48%, which is excellent.

Institution Statistics

NCUA #8725
Year Chartered1953
Primary Regulator
Assets and Liabilities
Assets$79.72 million
Loans$26.62 million
Deposits$69.36 million
Equity Capital$9.68 million
Loan Loss Allowance$273,000
Unbacked Noncurrent Loans$152,000
Real Estate Owned$0
Historic Data - March 2013
Assets$76.14 million
Equity Capital$9.29 million
Loan Loss Allowance$325,000
Unbacked Noncurrent Loans$152,000
Real Estate Owned$0
Profit Margin - Quarterly
Return on Assets0.67%
Return on Equity5.5%
Interest Income$519,000

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Coloramo Credit Union Savings Account Rates

0.15%--Christmas Club
0.05%$25-Primary Share
0.05%--Secondary Share
0.05%--Variable IRA Share
0.05%--Variable Roth IRA Share
0.05%--Variable CESA Share

Coloramo Credit Union Money Market Rates

0.20%$100k-Premier Money Management
0.17%$100k-Money Management

Coloramo Credit Union Checking Account Rates

0.01%$1k-Share Draft

Coloramo Credit Union CD Rates

1.25%$1k-60 Month Time Certificate
1.00%$1k-48 Month Time Certificate
0.70%$1k-36 Month Time Certificate
0.50%$1k-24 Month Time Certificate
0.40%$1k-18 Month Time Certificate
0.35%$1k-12 Month Time Certificate
0.15%$1k-6 Month Time Certificate
0.10%$1k-3 Month Time Certificate

Coloramo Credit Union IRA Rates

1.25%$1k-60 Month IRA Certificate
1.00%$1k-48 Month IRA Certificate
0.70%$1k-36 Month IRA Certificate
0.50%$1k-24 Month IRA Certificate
0.40%$1k-18 Month IRA Certificate
0.35%$1k-12 Month IRA Certificate
0.15%$1k-6 Month IRA Certificate
0.10%$1k-3 Month IRA Certificate

Coloramo Credit Union Locations
Branch Office138 S Park SqFruita, CO 81521
Branch Office516 28 RdGrand Junction, CO 81501
Branch Office2706 Highway 50Grand Junction, CO 81503
Branch Office759 Horizon Dr Ste AGrand Junction, CO 81506-8737