Denver Community Credit Union is headquartered in Denver and is the 13st largest credit union in the state of Colorado. It is also the 770th largest credit union in the nation. It was established in 1934 and as of December of 2013, it had grown to 67 employees and 25,028 members. Denver Community Credit Union's savings rates are 10X the national average, and it boasts a A+ health rating.
Must live, works in Adams, Arapahoe, or Denver County. - See Details
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penalty is only 180 days instead of the more typical 365 days for 5 year CD Denver CCU's IT infrastructure is a bit outdated, but functional.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I gave Denver CCU only 4 out of 5 start due to their outdated IT infrastructure.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!
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, 2013 Denver Community Credit Union had $1.11 million in non-current loans and owned real-estate with $36.95 million in equity and loan loss allowances on hand to cover it. This gives Denver Community Credit Union a Texas Ratio of 2.99% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
The Texas Ratio for Denver Community Credit Union experienced no significant changes from 3.07% as of December 31, 2012 to 2.99% as of December 31, 2013, resulting in a positive change of 2.57%.This indicates that the balance sheet and financial strength for Denver Community Credit Union has had no significant changes in recent periods.
In the past year, Denver Community Credit Union has increased its total deposits by $13.39 million, resulting in 6.5% 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.
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 $256.97 million in assets with $36.95 million in equity, resulting in a capitalization level of 14.38%, which is excellent.
|Assets and Liabilities|
|Equity Capital||$35.66 million|
|Loan Loss Allowance||$1.29 million|
|Unbacked Noncurrent Loans||$1.11 million|
|Real Estate Owned||$0|
|Historic Data - December 2012|
|Equity Capital||$32.37 million|
|Loan Loss Allowance||$1.12 million|
|Unbacked Noncurrent Loans||$1.11 million|
|Real Estate Owned||$162,000|
|Profit Margin - Quarterly|
|Net Interest Margin||6.47%|
|Return on Assets||1.5%|
|Return on Equity||10.84%|
|Interest Income||$8.81 million|
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|5.28%||-||-||Mile High APY|
|0.25%||$50k||$100k||Health Savings Account|
|0.30%||$100k||-||Tiered Money Market|
|0.30%||$100k||-||Business Money Market|
|0.25%||$50k||$100k||IRA Tiered Money Market|
|0.25%||$50k||$100k||Roth IRA Tiered Money Market|
|0.25%||$50k||$100k||Coverdell Tiered Money Market|
|1.90%||$50k||-||60 Month Share Certificate|
|1.50%||$50k||-||48-59 Month Share Certificate|
|1.25%||$50k||-||36-47 Month Share Certificate|
|0.90%||$100||-||24-35 Month Share Certificate|
|0.50%||$100||-||12-23 Month Share Certificate|
|0.30%||$100||-||6-11 Month Share Certificate|
|0.15%||$100||-||3-5 Month Share Certificate|
|1.90%||$50k||-||60 Month IRA Share Certificate (Traditional,Roth,CESA)|
|1.50%||$50k||-||48-59 Month IRA Share Certificate (Traditional,Roth,CESA)|
|1.25%||$50k||-||36-47 Month IRA Share Certificate (Traditional,Roth,CESA)|
|0.90%||$100||-||24-35 Month IRA Share Certificate (Traditional,Roth,CESA)|
|0.50%||$100||-||12-23 Month IRA Share Certificate (Traditional,Roth,CESA)|
|0.30%||$100||-||6-11 Month IRA Share Certificate (Traditional,CESA,Roth)|
|0.15%||$100||-||3-5 Month IRA Share Certificate (Traditional,Roth,CESA)|
|Denver Community Credit Union Locations|
|Branch Office||15460 Andrews Dr||Denver, CO 80239-5737|
|Branch Office||1075 Acoma St||Denver, CO 80204-4034|
|Branch Office||1095 Federal Blvd||Denver, CO 80204|