1 star ratingAverage User Rating:
1 star rating based on 1 review.

Red Rocks Credit Union

Red Rocks Credit Union Locations
9325 Dorchester St, Suite 200
Highlands Ranch, CO 80129
1-800-648-2859
www.redrocks.org

NCUA

Red Rocks Credit Union is headquartered in Highlands Ranch and is the 14st largest credit union in the state of Colorado. It is also the 835th largest credit union in the nation. It was established in 1979 and as of December of 2012, it had grown to 33 employees and 16,542 members. Red Rocks Credit Union has a 5-star health rating.

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Top Long-Term CD Rates at Red Rocks Credit Union in Colorado - Local Only - 5/10/2011

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3.30% 24-Month CD at Red Rocks Credit Union in Colorado - 3/10/2009

Red Rocks Credit Union is offering a very competitive 2-year CD with a 3.30% APY. Minimum deposit is $5,000. For a $100,000 minimum, the rate is 3.51% APY. The 1-year CD is also competitive with a rate of 2.79% APY for a $25,000 minimum and 3.04% APY for...



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See Rates for: Savings | CD

Red Rocks Credit Union Savings Account Rates

ApyMinMaxProduct
0.40%$100k-High Yield Savings
0.40%$100k-Business High Yield Savings
0.05%$250-Primary Savings
0.05%$250-Additional Savings
0.05%$250-Business Primary Savings
0.05%$250-Business Additional Savings

Red Rocks Credit Union CD Rates

ApyMinMaxProduct
1.76%$5k-60 Month Share Certificate
1.41%$5k-48 Month Share Certificate
1.21%$5k-36 Month Share Certificate
0.90%$5k-24 Month Share Certificate
0.50%$1k-12 Month Share Certificate

Rates updated: 5/19/2013

Data for Q4 2012


Institution Statistics


RED ROCKS
NCUA #68560
BankRate ReportView
Year Chartered1979
Employees33
Primary Regulator

Assets and Liabilities

Assets$222.71 million
Loans$138.43 million
Deposits$201.70 million
Equity Capital$19.85 million
Loan Loss Allowance$838,000
Unbacked Noncurrent Loans$657,000

Historic Data - December 2011

Assets$210.45 million
Equity Capital$17.35 million
Loan Loss Allowance$712,000
Unbacked Noncurrent Loans$556,000
Real Estate Owned$334,000

Profit Margin - Quarterly

Net Interest Margin4.85%
Return on Assets1.06%
Return on Equity11.87%
Interest Income$7.52 million
Non-Interest Income$2.92 million

Institution Health


Overall Score:
5 out of 5
5
Texas Ratio5
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, 2012 Red Rocks Credit Union had $657,000 in non-current loans and owned real-estate with $20.69 million in equity and loan loss allowances on hand to cover it. This gives Red Rocks Credit Union a Texas Ratio of 3.18% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend4
The Texas Ratio for Red Rocks Credit Union decreased slightly from 4.93% as of December 31, 2011 to 3.18% as of December 31, 2012, resulting in a positive change of 35.54%.This indicates that the balance sheet and financial strength for Red Rocks Credit Union has improved slightly in recent periods.
Deposit Growth5
In the past year, Red Rocks Credit Union has increased its total deposits by $13.86 million, resulting in 7.38% 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 Red Rocks Credit Union has shown is excellent.
Capitalization3
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. Red Rocks Credit Union has $222.7 million in assets with $20.69 million in equity, resulting in a capitalization level of 9.29%, which is average.
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Sorry,But This C.Union Is Almost Impossible To Do Business With.
1 stars - creditunion - Sunday, October 7, 2012 - 7:31 PM

They have a charge for everything. You must talk to them over the phone only. I will not give my personal information over the phone so no reason to do anything with them. Don't be fooled. Leave them alone. 

4
 
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