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719-564-0710
1615 East Evans
Pueblo, CO 81004

Power Credit Union is headquartered in Pueblo and is the 30th largest credit union in the state of Colorado. It is also the 1,674th largest credit union in the nation. It was established in 1938 and as of December of 2013, it had grown to 37 employees and 11,745 members. Power Credit Union has a B+ health rating.

Field of Membership Restrictions

Must live in Pueblo West, Fremont County, Southeast Pueblo County or Chaffee County. - See Details

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Health

Data for Q4 2013

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. Power Credit Union has a relatively low asset base.

Texas Ratio

GRADE:
A+

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 December 31, 2013 Power Credit Union had $256,000 in non-current loans and owned real-estate with $8.94 million in equity and loan loss allowances on hand to cover it. This gives Power Credit Union a Texas Ratio of 2.86% 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 Power Credit Union experienced no significant changes from 1.62% as of December 31, 2012 to 2.86% as of December 31, 2013, resulting in a negative change of 76.29%. This indicates that the balance sheet and financial strength for Power Credit Union has had no significant changes in recent periods.

Deposit Growth

GRADE:
C

In the past year, Power Credit Union has decreased its total deposits by -$1.12 million, resulting in -1.49% 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 Power Credit Union has shown is average.

Capitalization

GRADE:
B+

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. Power Credit Union has $83.72 million in assets with $8.94 million in equity, resulting in a capitalization level of 10.68%, which is above average.

Institution Statistics

Overall
NCUA #64037
Year Chartered1938
Employees37
Primary Regulator
Assets and Liabilities
Assets$83.72 million
Loans$41.87 million
Deposits$74.09 million
Equity Capital$8.54 million
Loan Loss Allowance$404,000
Unbacked Noncurrent Loans$256,000
Real Estate Owned$0
Historic Data - December 2012
Assets$84.68 million
Equity Capital$8.57 million
Loan Loss Allowance$485,000
Unbacked Noncurrent Loans$256,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin6.11%
Return on Assets0.41%
Return on Equity4.01%
Interest Income$2.94 million
Rates

Always verify rates and promotions with the bank or credit union. We are not Power Credit Union, we are a rate comparison website and can not provide official rates or promotions.

Power Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.20%--IRA Shares
0.10%--Power Shares
0.10%--Christmas Club
0.10%--Escrow
0.10%--Secondary Shares

Power Credit Union Money Market Rates

DetailsAPYMINMAXPRODUCT
0.20%$50k-Money Market Account

Power Credit Union Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.00%--Share Draft Checking

Power Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
1.50%$100k-5 Year CD
1.30%$100k-4 Year CD
1.10%$100k-3 Year CD
0.70%$50k-2 Year CD
0.50%$100k-1 Year CD
0.35%$100k-6 Month CD
0.30%$100k-3 Month CD
Locations


Power Credit Union Locations
Branch Office220 Pine StTrinidad, CO 81082-2460
Branch Office3165 E US Highway 50Canon City, CO 81212-2797
Branch Office120 S Crescent DrPueblo West, CO 81007-2787
Branch Office1615 E Evans AvePueblo, CO 81004-3418