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Overview / Commentary
1616 N Circle Dr
Colorado Springs, CO 80909-2408

Pikes Peak Credit Union is headquartered in Colorado Springs and is the 35th largest credit union in the state of Colorado. It is also the 1,837th largest credit union in the nation. It was established in 1973 and as of March of 2014, it had grown to 20 employees and 8,750 members. Pikes Peak Credit Union has a B+ health rating.

Field of Membership Restrictions

Must be an employee of the El Paso or Teller County Government or other Select Employee Groups. - See Details

Reviews (1)

WOW Is This A Great Bank Or What.

 I have been a customer since mid 80's, I can't imagine a better place to do your banking and they keep there tellers, so when you go in the door you always fine a friendly face and someone you know, All of the dept. heads have been there for years, they all know your name and your needs. WHO COULD ASK FOR ANYTHING MORE. 



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. Pikes Peak Credit Union has a relatively 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 Pikes Peak Credit Union had $489,000 in non-current loans and owned real-estate with $6.91 million in equity and loan loss allowances on hand to cover it. This gives Pikes Peak Credit Union a Texas Ratio of 7.08% 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 Pikes Peak Credit Union decreased slightly from 8.42% as of March 31, 2013 to 7.08% as of March 31, 2014, resulting in a positive change of 15.90%.This indicates that the balance sheet and financial strength for Pikes Peak Credit Union has improved slightly in recent periods.

Deposit Growth


In the past year, Pikes Peak Credit Union has increased its total deposits by $2.01 million, resulting in 3.05% 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 Pikes Peak Credit Union has shown is excellent.



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. Pikes Peak Credit Union has $74.67 million in assets with $6.91 million in equity, resulting in a capitalization level of 9.25%, which is average.

Institution Statistics

NCUA #68266
Year Chartered1973
Primary Regulator
Assets and Liabilities
Assets$74.67 million
Loans$49.18 million
Deposits$67.88 million
Equity Capital$6.61 million
Loan Loss Allowance$298,000
Unbacked Noncurrent Loans$489,000
Real Estate Owned$0
Historic Data - March 2013
Assets$72.41 million
Equity Capital$6.33 million
Loan Loss Allowance$319,000
Unbacked Noncurrent Loans$489,000
Real Estate Owned$162,000
Profit Margin - Quarterly
Net Interest Margin1.08%
Return on Assets0.32%
Return on Equity3.57%
Interest Income$563,000
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Pikes Peak Credit Union Savings Account Rates

0.10%$100-IRA Savings Account
0.10%$100-Savings Account
0.10%$100-Roth IRA Savings Account
0.10%$100-Coverdell Education Savings Account

Pikes Peak Credit Union Money Market Rates

0.35%$100k-Money Market Savings Account

Pikes Peak Credit Union CD Rates

1.35%$500-48 Month Share Certificate
1.10%$500-36 Month Share Certificate
0.80%$500-24 Month Share Certificate
0.50%$500-12 Month Share Certificate
0.35%$500-6 Month Share Certificate
0.20%$500-3 Month Share Certificate

Pikes Peak Credit Union IRA Rates

1.35%$500-48 Month IRA Share Certificate
1.10%$500-36 Month IRA Share Certificate
0.80%$500-24 Month IRA Share Certificate
0.50%$500-12 Month IRA Share Certificate
0.35%$500-6 Month IRA Share Certificate
0.20%$500-3 Month IRA Share Certificate

Pikes Peak Credit Union Locations
Branch Office720 W Midland AveWoodland Park, CO 80863-3025
Branch Office1616 N Circle DrColorado Springs, CO 80909-2408