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Overview / Commentary
719-542-3379
720 N Greenwood St
Pueblo, CO 81003-3014

Pueblo Government Agencies Credit Union is headquartered in Pueblo and is the 55th largest credit union in the state of Colorado. It is also the 3,092nd largest credit union in the nation. It was established in 1936 and as of March of 2014, it had grown to 10 employees and 3,635 members. Pueblo Government Agencies Credit Union has a B+ health rating.

Field of Membership Restrictions

Membership is open to: -Federal Government Employees and retirees living and working in the Southern third of Colorado and their entire families: -United States Postal Service (Our Sponsor!) -Federal Bureau of Prisons (Florence Correctional Complex) -Consumer United Association -Government Printing Office -US Forest Service -FAA -National Weather Service office -Retired or active members of the Armed Forces and their dependents. Also; there are other Select Employer Groups in Pueblo County and Fremont County that qualify for membership; see site for more details. - 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. Pueblo Government Agencies Credit Union 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 Pueblo Government Agencies Credit Union had $145,000 in non-current loans and owned real-estate with $3.88 million in equity and loan loss allowances on hand to cover it. This gives Pueblo Government Agencies Credit Union a Texas Ratio of 3.74% 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 Pueblo Government Agencies Credit Union experienced no significant changes from 4.15% as of March 31, 2013 to 3.74% as of March 31, 2014, resulting in a positive change of 9.75%.This indicates that the balance sheet and financial strength for Pueblo Government Agencies Credit Union has had no significant changes in recent periods.

Deposit Growth

GRADE:
A+

In the past year, Pueblo Government Agencies Credit Union has increased its total deposits by $1.13 million, resulting in 5.05% 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 Pueblo Government Agencies Credit Union has shown is excellent.

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. Pueblo Government Agencies Credit Union has $27.46 million in assets with $3.88 million in equity, resulting in a capitalization level of 14.12%, which is excellent.

Institution Statistics

Overall
NCUA #1499
Year Chartered1936
Employees10
Primary Regulator
Assets and Liabilities
Assets$27.46 million
Loans$11.27 million
Deposits$23.51 million
Equity Capital$3.79 million
Loan Loss Allowance$84,000
Unbacked Noncurrent Loans$25,000
Real Estate Owned$120,000
Historic Data - March 2013
Assets$26.32 million
Equity Capital$3.77 million
Loan Loss Allowance$89,000
Unbacked Noncurrent Loans$25,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin1.48%
Return on Assets0.29%
Return on Equity2.11%
Interest Income$210,000
Rates
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Pueblo Government Agencies Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.20%--Christmas Club
0.10%--Share (Savings)
0.10%--Regular Club (Dream Accounts)

Pueblo Government Agencies Credit Union Money Market Rates

DetailsAPYMINMAXPRODUCT
0.25%--TRUE Money Market

Pueblo Government Agencies Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
0.80%$1k-36 Month Share Certificate
0.60%$1k-24 Month Share Certificate
0.40%$1k-12 Month Share Certificate
0.30%$1k-6 Month Share Certificate

Pueblo Government Agencies Credit Union IRA Rates

DetailsAPYMINMAXPRODUCT
0.80%$1k-36 Month IRA Certificate
0.60%$1k-24 Month IRA Certificate
0.40%$1k-12 Month IRA Certificate
0.30%$1k-6 Month IRA Certificate
Locations


Pueblo Government Agencies Credit Union Locations
Pueblo Office720 N Greenwood StPueblo, CO 81003-3014
Florence Office123 S Pikes Peak AveFlorence, CO 81226