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Overview / Commentary
970-243-7330
760 Rood Ave
Grand Junction, CO 81501-3408

Rio Grande Credit Union is headquartered in Grand Junction and is the 44th largest credit union in the state of Colorado. It is also the 2,434th largest credit union in the nation. It was established in 1940 and as of March of 2014, it had grown to 12 employees and 4,560 members. Rio Grande Credit Union has a B+ health rating.

Field of Membership Restrictions

Must be an employee of one of the several select companies. Also open to those who live, work, worship or attend school in the select under-served community. - 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. Rio Grande 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 Rio Grande Credit Union had $149,000 in non-current loans and owned real-estate with $8.46 million in equity and loan loss allowances on hand to cover it. This gives Rio Grande Credit Union a Texas Ratio of 1.76% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
A+

The Texas Ratio for Rio Grande Credit Union decreased dramatically from 4.43% as of March 31, 2013 to 1.76% as of March 31, 2014, resulting in a positive change of 60.26%.This indicates that the balance sheet and financial strength for Rio Grande Credit Union has improved dramatically in recent periods.

Deposit Growth

GRADE:
C

In the past year, Rio Grande Credit Union has decreased its total deposits by $-467,000, resulting in -1.26% 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 Rio Grande Credit Union has shown is 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. Rio Grande Credit Union has $45.11 million in assets with $8.46 million in equity, resulting in a capitalization level of 18.74%, which is excellent.

Institution Statistics

Overall
NCUA #3963
Year Chartered1940
Employees12
Primary Regulator
Assets and Liabilities
Assets$45.11 million
Loans$18.02 million
Deposits$36.65 million
Equity Capital$8.37 million
Loan Loss Allowance$81,000
Unbacked Noncurrent Loans$149,000
Real Estate Owned$0
Historic Data - March 2013
Assets$45.39 million
Equity Capital$8.16 million
Loan Loss Allowance$67,000
Unbacked Noncurrent Loans$149,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin1.3%
Return on Assets0.57%
Return on Equity3.06%
Interest Income$290,000
Rates
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Rio Grande Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.40%--Kid's Club Share Account
0.15%--Regular Share Account

Rio Grande Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
0.85%$10k-36 Month CD
0.55%$500-24 Month CD
0.45%$10k-18 Month CD
0.40%$10k-12 Month CD
0.30%$10k-6 Month CD
0.20%$10k-3 Month CD

Rio Grande Credit Union IRA Rates

DetailsAPYMINMAXPRODUCT
0.85%$10k-36 Month IRA
0.55%$10k-24 Month IRA
0.45%$10k-18 Month IRA
0.40%$10k-12 Month IRA
0.30%$10k-6 Month IRA
0.20%$10k-3 Month IRA
Locations


Rio Grande Credit Union Locations
Branch Office760 Rood AveGrand Junction, CO 81501-3408
Branch Office2121 North AveGrand Junction, CO 81501
Branch Office2538 Blichman AveGrand Junction, CO 81505