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Overview / Commentary
4593 pecos St
denver, CO 80211-2435

Rio Grande Operating Credit Union is headquartered in denver and is the 71st largest credit union in the state of Colorado. It is also the 4,703rd largest credit union in the nation. It was established in 1931 and as of March of 2014, it had grown to 2 employees and 1,470 members. Rio Grande Operating Credit Union has a B health rating.

Reviews (1)

They Have No Advatange Over A Bank.

You can get your money fast. The employees aren't the sharpest tools in the tool box. I wouldn't reccomend. There unethical. They woild shut them down in my country. The give bad service.



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 Operating Credit Union has a very 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 Operating Credit Union had $7,000 in non-current loans and owned real-estate with $1.25 million in equity and loan loss allowances on hand to cover it. This gives Rio Grande Operating Credit Union a Texas Ratio of 0.56% 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 Rio Grande Operating Credit Union experienced no significant changes from 0.08% as of March 31, 2013 to 0.56% as of March 31, 2014, resulting in a negative change of 626.99%. This indicates that the balance sheet and financial strength for Rio Grande Operating Credit Union has had no significant changes in recent periods.

Deposit Growth

GRADE:
A

In the past year, Rio Grande Operating Credit Union has increased its total deposits by $294,000, resulting in 4.22% 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 Operating 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. Rio Grande Operating Credit Union has $8.49 million in assets with $1.25 million in equity, resulting in a capitalization level of 14.67%, which is excellent.

Institution Statistics

Overall
NCUA #65665
Year Chartered1931
Employees2
Primary Regulator
Assets and Liabilities
Assets$8.49 million
Loans$2.54 million
Deposits$7.26 million
Equity Capital$1.22 million
Loan Loss Allowance$28,000
Unbacked Noncurrent Loans$7,000
Real Estate Owned$0
Historic Data - March 2013
Assets$8.24 million
Equity Capital$1.26 million
Loan Loss Allowance$30,000
Unbacked Noncurrent Loans$7,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin1.23%
Return on Assets-0.14%
Return on Equity-0.99%
Interest Income$38,000
Rates

Sorry, we do not have rate data for Rio Grande Operating Credit Union

Locations


Rio Grande Operating Credit Union Locations
Branch Office4593 pecos Stdenver, CO 80211-2435