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Overview / Commentary
719-523-6250
125 Main St
Springfield, CO 81073

Peoples CU (CO) is headquartered in Springfield and is the 48th largest credit union in the state of Colorado. It is also the 2,577th largest credit union in the nation. It was established in 1956 and as of March of 2014, it had grown to 10 employees and 2,477 members. Peoples CU (CO)'s savings rates are 3X the national average, and it has a B+ health rating.

Field of Membership Restrictions

Must be a member of the Springfield Coop. Also open to those who live or work in Baca County. - 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. Peoples CU (CO) has a 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 Peoples CU (CO) had $387,000 in non-current loans and owned real-estate with $6.35 million in equity and loan loss allowances on hand to cover it. This gives Peoples CU (CO) a Texas Ratio of 6.09% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
C+

The Texas Ratio for Peoples CU (CO) experienced no significant changes from 6.57% as of March 31, 2013 to 6.09% as of March 31, 2014, resulting in a positive change of 7.23%.This indicates that the balance sheet and financial strength for Peoples CU (CO) has had no significant changes in recent periods.

Deposit Growth

GRADE:
B+

In the past year, Peoples CU (CO) has increased its total deposits by $366,000, resulting in 1.08% 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 Peoples CU (CO) has shown is above average.

Capitalization

GRADE:
A+

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. Peoples CU (CO) has $40.46 million in assets with $6.35 million in equity, resulting in a capitalization level of 15.70%, which is excellent.

Institution Statistics

Overall
NCUA #66155
Year Chartered1956
Employees10
Primary Regulator
Assets and Liabilities
Assets$40.46 million
Loans$27.06 million
Deposits$34.29 million
Equity Capital$6.07 million
Loan Loss Allowance$285,000
Unbacked Noncurrent Loans$387,000
Real Estate Owned$0
Historic Data - March 2013
Assets$39.59 million
Equity Capital$5.56 million
Loan Loss Allowance$238,000
Unbacked Noncurrent Loans$387,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin1.25%
Return on Assets1.09%
Return on Equity7.25%
Interest Income$383,000
Rates
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Peoples CU (CO) Savings Account Rates

DetailsAPYMINMAXPRODUCT
1.36%$50-Traditional IRA
1.36%$50-Roth IRA
1.36%$50-Education IRA
1.10%-$2,500Christmas Club
0.60%-$2,500Vacation Club
0.50%$100-Money Fund
0.30%$25-Regular Share

Peoples CU (CO) Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.25%$750-Share Draft

Peoples CU (CO) CD Rates

DetailsAPYMINMAXPRODUCT
1.20%--36 Month CD
1.20%--48 Month CD
1.20%--60 Month CD
0.90%--24 Month CD
0.65%--12 Month CD
0.40%--6 Month CD
Locations


Peoples CU (CO) Locations
Branch Office125 Main StSpringfield, CO 81073