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Equitable Savings and Loan Association

Based on 1 review
Overview / Commentary
221 N 3rd St
Sterling, CO 80751

Equitable Savings and Loan Association is headquartered in Sterling and is the 47th largest bank in the state of Colorado. It is also the 3,372nd largest bank in the nation. It was established in 1921 and as of March of 2014, it had grown to 54 employees at 10 locations. Equitable Savings and Loan Association has a B+ health rating.

Reviews (1)


My husband and I have banked here for years together and separetley.  The last 2 years has been a host of problems.  My hubby obtained a mortgage against a free and clear property.  Mysteriously after a year or so my name appeared on the loan documents.  i never applied for or signed anyhting in relation to this loan but they have put me on it anyway.  Twice now they have taken the payment for said loan out of our checking account without any authorization.


 Another HUGE issue is the branch we use in yuma ( population 3000 1 main rd) will go days even a week or more without checking their mail.  The box is accross "main street" from the bank.  This after particularry tight times has caused my paychecks ( we are not offered direct deposit) to go undepostied and has even caused other checks to bounce.  now they did straighten it out back then but are now doing the exact same thing.  We now have to call and ask if they have checked their mail.  my hubby did so this morning at 10 am.  He was told no no one had gone accross the street yet but they would.  At noon he called again only to be told Yes they had grabbed mail but hadn't bothered to check it over yet hold on....yep your wifes paycheck is here we will process in a minute.  30 minutes later still not processed.  


When my hubby was injured at work and we for the first time would  became late on the loan payment my hubby called Bev the manager of said branch.  He explained EXACTLY the day it would be caught up and the situation.  she proceded to call him again and again asking about the payment BEFORE iteven became 30 days late and before the date he said it would be and was paid.  when i call the main branch in Sterling they try to route to to the EXACT people causing the problem to lodge my compalint with. We are closing our accounts and would honestly advise anyone thing of banking here to rethink that


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 Equitable Savings and Loan Association had $9,000 in non-current loans and owned real-estate with $24.8 million in equity and loan loss allowances on hand to cover it. This gives Equitable Savings and Loan Association a Texas Ratio of 0.04% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Deposit Growth


In the past year, Equitable Savings and Loan Association has decreased its total deposits by -$5.98 million, resulting in -4.1% 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 Equitable Savings and Loan Association has shown is below average.



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. Equitable Savings and Loan Association has $172.6 million in assets with $24.8 million in equity, resulting in a capitalization level of 14.37%, which is excellent.

Institution Statistics

FDIC Certificate #30707
Year Established1921
Primary RegulatorFDIC
Assets and Liabilities
Assets$172.60 million
Loans$152.15 million
Deposits$139.89 million
Equity Capital$24.43 million
Loan Loss Allowance$380,000
Unbacked Noncurrent Loans$9,000
Real Estate Owned$0
Historic Data - March 2013
Assets$175.91 million
Equity Capital$23.99 million
Loan Loss Allowance$380,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin3.43%
Return on Assets0.57%
Return on Equity4.09%
Interest Income$1.64 million

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Equitable Savings and Loan Association Savings Account Rates

0.10%$50-Statement Savings

Equitable Savings and Loan Association Money Market Rates

0.10%$50k-Personal Money Market
0.10%$50k-NonPersonal Money Market

Equitable Savings and Loan Association Checking Account Rates

0.02%$200-NOW - Personal Checking
0.02%$200-NOW - NonPersonal Checking
0.02%$200-Freedom 55 Checking

Equitable Savings and Loan Association CD Rates

2.03%$500-120 Month CD
1.31%$500-60-119 Month CD
1.16%$500-48-59 Month CD
0.70%$500-36-47 Month CD
0.70%$10k-36-47 Month Super Saver CD
0.50%$500-24-35 Month CD
0.50%$10k-24-35 Month Super Saver CD
0.35%$500-12-23 Month CD
0.35%$10k-12-23 Month Super Saver CD
0.25%$1k-6-11 Month CD
0.25%$10k-6-11 Month Super Saver CD
0.10%$1k-3-5 Month CD

Equitable Savings and Loan Association IRA Rates

2.03%$2k-120 Month IRA
1.31%$2k-60 Month IRA
1.16%$2k-48 Month IRA
0.70%$2k-36 Month IRA
0.50%$2k-24 Month IRA
0.35%$100-18 Month Fixed IRA
0.35%$2k-12 Month IRA
0.35%$100-18 Month Variable IRA
0.35%$100-18 Month Fixed KEOGH IRA
0.25%$2k-6 Month IRA

Equitable Savings and Loan Association Locations
Julesburg Branch120 Cedar StreetJulesburg, CO 80737
Burlington Branch1420 Lowell AvenueBurlington, CO 80807
Akron Branch201 Main AvenueAkron, CO 80720
Equitable Savings and Loan Association221 N 3rd StSterling, CO 80751
Yuma Branch222 S. Main StreetYuma, CO 80759
Brush Branch300 Clayton StreetBrush, CO 80723
Fort Collins Branch300 E Horsetooth Rd Ste 102Fort Collins, CO 80525
300 Main St Branch300 Main StreetWray, CO 80758
Fort Morgan Branch331 Main StreetFort Morgan, CO 80701
Limon Branch888 Main StreetLimon, CO 80828