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Overview / Commentary
303-228-5300
2201 Federal Blvd
Denver, CO 80211

Denver Fire Department Credit Union is headquartered in Denver and is the 21st largest credit union in the state of Colorado. It is also the 1,249th largest credit union in the nation. It was established in 1938 and as of March of 2014, it had grown to 9 employees and 5,846 members. Denver Fire Department Credit Union has a A+ health rating.

Field of Membership Restrictions

Must be a professional firefighter in Colorado. - See Details

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Health

Data for Q1 2014

Institution Health

A+

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 Denver Fire Department Credit Union had $7,000 in non-current loans and owned real-estate with $14.04 million in equity and loan loss allowances on hand to cover it. This gives Denver Fire Department Credit Union a Texas Ratio of 0.05% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
A+

The Texas Ratio for Denver Fire Department Credit Union decreased dramatically from 0.32% as of March 31, 2013 to 0.05% as of March 31, 2014, resulting in a positive change of 84.63%.This indicates that the balance sheet and financial strength for Denver Fire Department Credit Union has improved dramatically in recent periods.

Deposit Growth

GRADE:
A

In the past year, Denver Fire Department Credit Union has increased its total deposits by $4.63 million, resulting in 4.04% 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 Fire Department Credit Union has shown is excellent.

Capitalization

GRADE:
B+

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 Fire Department Credit Union has $133.68 million in assets with $14.04 million in equity, resulting in a capitalization level of 10.50%, which is above average.

Institution Statistics

Overall
NCUA #2881
Year Chartered1938
Employees9
Primary Regulator
Assets and Liabilities
Assets$133.68 million
Loans$32.51 million
Deposits$119.18 million
Equity Capital$13.88 million
Loan Loss Allowance$156,000
Unbacked Noncurrent Loans$7,000
Real Estate Owned$0
Historic Data - March 2013
Assets$130.55 million
Equity Capital$14.67 million
Loan Loss Allowance$127,000
Unbacked Noncurrent Loans$7,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin0.95%
Return on Assets0.17%
Return on Equity1.64%
Interest Income$674,000
Rates

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Denver Fire Department Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.30%$10k-HSA Share
0.20%$1k-IRA Share Account
0.10%$1k-Share Savings Account

Denver Fire Department Credit Union Money Market Rates

DetailsAPYMINMAXPRODUCT
0.20%$5k-Money Market Account

Denver Fire Department Credit Union Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.05%$1k-Share Draft Account

Denver Fire Department Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
1.50%$1k-60 Month Share Certificate
0.95%$1k-36 Month Share Certificate
0.65%$1k-24 Month Share Certificate
0.40%$1k-12 Month Share Certificate
0.25%$1k-6 Month Share Certificate

Denver Fire Department Credit Union IRA Rates

DetailsAPYMINMAXPRODUCT
1.50%$1k-60 Month IRA CD
0.95%$1k-36 Month IRA CD
0.65%$1k-24 Month IRA CD
0.40%$1k-12 Month IRA CD
0.25%$1k-6 Month IRA CD
Locations


Denver Fire Department Credit Union Locations
Branch Office2201 Federal BlvdDenver, CO 80211