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Overview / Commentary
303-424-5037
6320 Wadsworth Blvd
Arvada, CO 80003-4838

Northwest United Credit Union is headquartered in Arvada and is the 33rd largest credit union in the state of Colorado. It is also the 1,772nd largest credit union in the nation. It was established in 1954 and as of March of 2014, it had grown to 16 employees and 5,482 members. Northwest United Credit Union has a B+ health rating.

Field of Membership Restrictions

Must be a member of a Catholic Church in the northwest metro Denver. Also open to employees of several select companies. - See Details

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Health

Data for Q1 2014

Institution Health

B+
Additional Factors: Institutions with a small asset base or a short operating history can represent an instability risk beyond what their financial ratios indicate. Northwest United Credit Union has a relatively low asset base.

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 Northwest United Credit Union had $25,000 in non-current loans and owned real-estate with $6.87 million in equity and loan loss allowances on hand to cover it. This gives Northwest United Credit Union a Texas Ratio of 0.36% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
B+

The Texas Ratio for Northwest United Credit Union decreased slightly from 0.46% as of March 31, 2013 to 0.36% as of March 31, 2014, resulting in a positive change of 20.69%.This indicates that the balance sheet and financial strength for Northwest United Credit Union has improved slightly in recent periods.

Deposit Growth

GRADE:
A

In the past year, Northwest United Credit Union has increased its total deposits by $2.84 million, resulting in 4.11% 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 Northwest United Credit Union has shown is excellent.

Capitalization

GRADE:
C

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. Northwest United Credit Union has $79.44 million in assets with $6.87 million in equity, resulting in a capitalization level of 8.65%, which is average.

Institution Statistics

Overall
NCUA #9810
Year Chartered1954
Employees16
Primary Regulator
Assets and Liabilities
Assets$79.44 million
Loans$36.00 million
Deposits$71.88 million
Equity Capital$6.78 million
Loan Loss Allowance$93,000
Unbacked Noncurrent Loans$25,000
Real Estate Owned$0
Historic Data - March 2013
Assets$76.24 million
Equity Capital$6.42 million
Loan Loss Allowance$123,000
Unbacked Noncurrent Loans$25,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin1.16%
Return on Assets0.43%
Return on Equity5.07%
Interest Income$569,000
Rates
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Northwest United Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.05%--Christmas Club Savings
0.03%--Regular Share Savings
0.03%$500-Traditional IRA Shares
0.03%$500-Roth IRA Shares
0.03%$400-Educational IRA Shares

Northwest United Credit Union Money Market Rates

DetailsAPYMINMAXPRODUCT
0.20%$50k-Yield Plus (Money Market Checking)
0.05%$5k-Yield Plus (Money Market)

Northwest United Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
1.26%$500-60 Month CD
1.00%$500-48 Month CD
0.75%$500-36 Month CD
0.55%$500-24 Month CD
0.35%$500-12 Month CD
0.25%$500-6 Month CD

Northwest United Credit Union IRA Rates

DetailsAPYMINMAXPRODUCT
1.26%$500-60 Month IRA
1.00%$500-48 Month IRA
0.75%$500-36 Month IRA
0.55%$500-24 Month IRA
0.35%$500-12 Month IRA
0.25%$500-6 Month IRA
Locations


Northwest United Credit Union Locations
Branch Office11385 Grant DrNorthglenn, CO 802333041
Branch Office6320 Wadsworth BlvdArvada, CO 800034838
Branch Office9373 Wigham StThornton, CO 802293879