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Overview / Commentary
3505 N Chestnut St
Colorado Spring, CO 80907

One Thirteen Credit Union is headquartered in Colorado Springs and is the 70th largest credit union in the state of Colorado. It is also the 4,625th largest credit union in the nation. It was established in 1958 and as of March of 2014, it had grown to 4 employees and 1,613 members. One Thirteen Credit Union has a C health rating.

Field of Membership Restrictions

Must be a member of Colorado Building and Construction Trade Council or the Colorado Springs Labor Council. - See Details

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Data for Q1 2014

Institution Health

Additional Factors: Institutions with a small asset base or a short operating history can represent an instability risk beyond what their financial ratios indicate. One Thirteen Credit Union has a very low asset base.

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 One Thirteen Credit Union had $84,000 in non-current loans and owned real-estate with $838,000 in equity and loan loss allowances on hand to cover it. This gives One Thirteen Credit Union a Texas Ratio of 10.02% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend


The Texas Ratio for One Thirteen Credit Union increased slightly from 2.31% as of March 31, 2013 to 10.02% as of March 31, 2014, resulting in a negative change of 333.89%. This indicates that the balance sheet and financial strength for One Thirteen Credit Union has declined slightly in recent periods.

Deposit Growth


In the past year, One Thirteen Credit Union has decreased its total deposits by $-79,000, resulting in -0.96% 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 One Thirteen Credit Union 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. One Thirteen Credit Union has $8.93 million in assets with $838,000 in equity, resulting in a capitalization level of 9.38%, which is average.

Institution Statistics

NCUA #64340
Year Chartered1958
Primary Regulator
Assets and Liabilities
Assets$8.93 million
Loans$4.95 million
Deposits$8.13 million
Equity Capital$789,000
Loan Loss Allowance$49,000
Unbacked Noncurrent Loans$84,000
Real Estate Owned$0
Historic Data - March 2013
Assets$9.10 million
Equity Capital$887,000
Loan Loss Allowance$22,000
Unbacked Noncurrent Loans$84,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin1.54%
Return on Assets-3.09%
Return on Equity-34.98%
Interest Income$80,000
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One Thirteen Credit Union Savings Account Rates

0.10%$25-Share Savings Account

One Thirteen Credit Union Money Market Rates

0.15%$2,500-Money Market Account

One Thirteen Credit Union CD Rates

0.30%$1k-6 Month CD
0.30%$1k-12 Month CD

One Thirteen Credit Union Locations
Branch Office3505 N Chestnut StColorado Springs, CO 80907-4101