4 star ratingAverage User Rating:
4 star rating based on 1 review.

Denver Community Credit Union

1075 Acoma Street
Denver, CO 80204
303-573-1170
www.denvercommunity.coop

NCUA

Denver Community Credit Union is headquartered in Denver and is the 12st largest credit union in the state of Colorado. It is also the 787th largest credit union in the nation. It was established in 1934 and as of December of 2012, it had grown to 67 employees and 30,268 members. Denver Community Credit Union's savings rates are 10X the national average, and it boasts a 5-star health rating.

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Top 5-Year CD & IRA CD Rates at Denver Community Credit Union - Local Only - 3/6/2012

Denver Community Credit Union is offering is offering two competitive 5-year CD and IRA CD rates. The maximum rate is 2.35% APY for a $50K minimum deposit. For a $100 minimum, it's 2.10% APY. These ra ...

5.61% 60-Month / 5.52% 48-Month CD at a Colorado CU (Denver Community) - 9/17/2007

Denver Community Credit Union is offering some competitive rates on its long term share certificates. The best rates are for a minimum deposit of $50K. These include a 5.61% APY 60-month CD, a 5.52% APY CD with terms from 48 to 59 months, and 5.46% APY...



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See Rates for: Savings | Money Market | CD | IRA

Denver Community Credit Union Savings Account Rates

ApyMinMaxProduct
5.28%--Mile High APY
0.25%$50k$100kHealth Savings Account
0.10%$100-Share Savings
0.10%--Holiday Club
0.10%--Vacation Club
0.10%--Second Savings

Denver Community Credit Union Money Market Rates

ApyMinMaxProduct
5.28%$50k$100kRoth IRA Tiered Money Market
0.30%$100k-Tiered Money Market
0.30%$100k-Business Money Market
0.25%$50k$100kIRA Tiered Money Market
0.25%$50k$100kCoverdell Tiered Money Market

Denver Community Credit Union CD Rates

ApyMinMaxProduct
2.10%$50k-60 Month Share Certificate
1.65%$50k-48-59 Month Share Certificate
1.40%$50k-36-47 Month Share Certificate
0.90%$100-24-35 Month Share Certificate
0.60%$100-12-23 Month Share Certificate
0.30%$100-6-11 Month Share Certificate
0.15%$100-3-5 Month Share Certificate

Denver Community Credit Union IRA Rates

ApyMinMaxProduct
2.10%$50k-60 Month IRA Share Certificate
2.10%$50k-60 Month Roth IRA Share Certificate
2.10%$50k-60 Month CESA Share Certificate
1.65%$50k-48-59 Month IRA Share Certificate
1.65%$50k-48-59 Month Roth IRA Share Certificate
1.65%$50k-48 Month CESA Share Certificate
1.40%$50k-36-47 Month IRA Share Certificate
1.40%$50k-36-47 Month Roth IRA Share Certificate
1.40%$50k-36-47 Month CESA Share Certificate
0.90%$100-24-35 Month IRA Share Certificate
0.90%$100-24-35 Month Roth IRA Share Certificate
0.90%$100-24-35 Month CESA Share Certificate
0.60%$100-12-23 Month IRA Share Certificate
0.60%$100-12-23 Month Roth IRA Share Certificate
0.60%$100-12-23 Month CESA Share Certificate
0.30%$100-6-11 Month IRA Share Certificate
0.30%$100-6-11 Month CESA Share Certificate
0.30%$100-6-11 Month Roth IRA Share Certificate
0.15%$100-3-5 Month IRA Share Certificate
0.15%$100-3-5 Month Roth IRA Share Certificate
0.15%$100-3-5 Month CESA Share Certificate

Rates updated: 5/19/2013

Data for Q4 2012


Institution Statistics


DENVER COMMUNITY
NCUA #68616
BankRate ReportView
Year Chartered1934
Employees67
Primary Regulator

Assets and Liabilities

Assets$240.83 million
Loans$127.09 million
Deposits$205.83 million
Equity Capital$32.37 million
Loan Loss Allowance$1.12 million
Unbacked Noncurrent Loans$867,000
Real Estate Owned$162,000

Historic Data - December 2011

Assets$222.90 million
Equity Capital$29.27 million
Loan Loss Allowance$1.41 million
Unbacked Noncurrent Loans$1.09 million
Real Estate Owned$152,000

Profit Margin - Quarterly

Net Interest Margin6.71%
Return on Assets1.2%
Return on Equity8.96%
Interest Income$9.32 million
Non-Interest Income$6.34 million

Institution Health


Overall Score:
5 out of 5
5
Texas Ratio5
The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of December 31, 2012 Denver Community Credit Union had $1.03 million in non-current loans and owned real-estate with $33.49 million in equity and loan loss allowances on hand to cover it. This gives Denver Community Credit Union a Texas Ratio of 3.07% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend4
The Texas Ratio for Denver Community Credit Union decreased slightly from 4.03% as of December 31, 2011 to 3.07% as of December 31, 2012, resulting in a positive change of 23.79%.This indicates that the balance sheet and financial strength for Denver Community Credit Union has improved slightly in recent periods.
Deposit Growth5
In the past year, Denver Community Credit Union has increased its total deposits by $14.77 million, resulting in 7.73% 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 Denver Community Credit Union has shown is excellent.
Capitalization5
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. Denver Community Credit Union has $240.83 million in assets with $33.49 million in equity, resulting in a capitalization level of 13.91%, which is excellent.
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Good Customer Service And CD Rates
4 stars - Alskar - Sunday, March 24, 2013 - 6:07 PM

Even though I don't live in Colorado any longer, I was able to join Denver Community CU based on my father's membership there. 

The online membership process was pretty straightforward and smooth, though there was a small issue getting my scanned ID's uploaded properly to Denver CCU. Once I was a member, it took several phone calls to get the proper login credentials for online access.

I transferred some money from a Traditional Rollover IRA and a Roth IRA to IRA 5 year CD's at Denver CCU.  The transfer process went smoothly. 

CD's at Denver CCU have several features that were appealing to me:
  • Jumbo CD rates start at $50K instead of the more typical $100K
  • Additional money can be added to CD with terms longer than 36 months in amounts as low as $25
  • Early withdrawal penalty is only 180 days instead of the more typical 365 days for 5 year CD
Denver CCU's IT infrastructure is a bit outdated, but functional.  Their website is pretty primitive, but functional.  I recommend Denver Community CU to those that can qualify for membership.

I gave Denver CCU only 4 out of 5 start due to their outdated IT infrastructure.  The customer service has been 5 star!

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