Equitable Savings and Loan Association is headquartered in Sterling and is the 49th largest bank in the state of Colorado. It is also the 3,429th largest bank in the nation. It was established in 1921 and as of September of 2013, it had grown to 56 employees at 10 locations. Equitable Savings and Loan Association has a A health rating.
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
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 September 30, 2013 Equitable Savings and Loan Association had $0 in non-current loans and owned real-estate with $24.56 million in equity and loan loss allowances on hand to cover it. This gives Equitable Savings and Loan Association a Texas Ratio of 0.00% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
The Texas Ratio for Equitable Savings and Loan Association increased slightly from 3.25% as of September 30, 2012 to 0.00% as of September 30, 2013, resulting in a positive change of 100.00%.This indicates that the balance sheet and financial strength for Equitable Savings and Loan Association has declined slightly in recent periods.
In the past year, Equitable Savings and Loan Association has decreased its total deposits by -$1.71 million, resulting in -1.2% 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 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 $170.37 million in assets with $24.56 million in equity, resulting in a capitalization level of 14.42%, which is excellent.
|FDIC Certificate #||30707|
|Assets and Liabilities|
|Equity Capital||$24.19 million|
|Loan Loss Allowance||$380,000|
|Real Estate Owned||$0|
|Historic Data - September 2012|
|Equity Capital||$23.70 million|
|Loan Loss Allowance||$58,000|
|Real Estate Owned||$773,000|
|Profit Margin - Quarterly|
|Net Interest Margin||3.61%|
|Return on Assets||0.8%|
|Return on Equity||5.82%|
|Interest Income||$5.29 million|
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|0.10%||$50k||-||Personal Money Market|
|0.10%||$50k||-||NonPersonal Money Market|
|0.02%||$200||-||NOW - Personal Checking|
|0.02%||$200||-||NOW - NonPersonal Checking|
|0.02%||$200||-||Freedom 55 Checking|
|0.00%||-||-||Demand Deposit Account|
|2.00%||$500||-||120 Month CD|
|1.15%||$500||-||60-119 Month CD|
|0.85%||$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|
|2.00%||$2k||-||120 Month IRA|
|1.15%||$2k||-||60 Month IRA|
|0.85%||$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 Branch||120 Cedar Street||Julesburg, CO 80737|
|Burlington Branch||1420 Lowell Avenue||Burlington, CO 80807|
|Akron Branch||201 Main Avenue||Akron, CO 80720|
|Equitable Savings and Loan Association||221 N 3rd St||Sterling, CO 80751|
|Yuma Branch||222 S. Main Street||Yuma, CO 80759|
|Brush Branch||300 Clayton Street||Brush, CO 80723|
|Fort Collins Branch||300 E Horsetooth Rd Ste 102||Fort Collins, CO 80525|
|300 Main St Branch||300 Main Street||Wray, CO 80758|
|Fort Morgan Branch||331 Main Street||Fort Morgan, CO 80701|
|Limon Branch||888 Main Street||Limon, CO 80828|