Dedicated to Deposits: Deals, Data, and Discussion
Featured Savings Rates
Featured Accounts
Overview / Commentary
1180 Crawford Ave
Colorado Springs, CO 80911

School District 3 Credit Union is headquartered in Colorado Springs and is the 60th largest credit union in the state of Colorado. It is also the 3,430th largest credit union in the nation. It was established in 1959 and as of March of 2014, it had grown to 6 employees and 2,063 members. School District 3 Credit Union has a B+ health rating.

Field of Membership Restrictions

Must be an employee or student of Widefield School District 3 or other select group. - See Details

No reviews have been left for this bank yet. Be the first to review.



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. School District 3 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 School District 3 Credit Union had $3,000 in non-current loans and owned real-estate with $2.55 million in equity and loan loss allowances on hand to cover it. This gives School District 3 Credit Union a Texas Ratio of 0.12% 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 School District 3 Credit Union decreased dramatically from 3.55% as of March 31, 2013 to 0.12% as of March 31, 2014, resulting in a positive change of 96.69%.This indicates that the balance sheet and financial strength for School District 3 Credit Union has improved dramatically in recent periods.

Deposit Growth

GRADE:
A+

In the past year, School District 3 Credit Union has increased its total deposits by $1.26 million, resulting in 7.07% 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 School District 3 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. School District 3 Credit Union has $21.62 million in assets with $2.55 million in equity, resulting in a capitalization level of 11.80%, which is excellent.

Institution Statistics

Overall
NCUA #13300
Year Chartered1959
Employees6
Primary Regulator
Assets and Liabilities
Assets$21.62 million
Loans$8.49 million
Deposits$19.02 million
Equity Capital$2.53 million
Loan Loss Allowance$23,000
Unbacked Noncurrent Loans$3,000
Real Estate Owned$0
Historic Data - March 2013
Assets$20.25 million
Equity Capital$2.41 million
Loan Loss Allowance$39,000
Unbacked Noncurrent Loans$3,000
Real Estate Owned$80,000
Profit Margin - Quarterly
Net Interest Margin1.44%
Return on Assets0.78%
Return on Equity6.65%
Interest Income$157,000
Rates
Skip to rates for:

Always verify rates and promotions with the bank or credit union. We are not School District 3 Credit Union, we are a rate comparison website and can not provide official rates or promotions.

School District 3 Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.35%--Christmas Club Account
0.25%--IRA Share Account
0.10%--Regular Share Account
0.10%--Vacation Club Account

School District 3 Credit Union Money Market Rates

DetailsAPYMINMAXPRODUCT
0.20%$25k-Money Market Account

School District 3 Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
1.72%$25k-60 Month CD
1.01%$25k-36 Month CD
0.70%$25k-24 Month CD
0.50%--12 Month Youth CD
0.40%$500-12 Month CD
0.30%$500-6 Month CD

School District 3 Credit Union IRA Rates

DetailsAPYMINMAXPRODUCT
1.72%$25k-60 Month IRA
1.01%$25k-36 Month IRA
0.70%$25k-24 Month IRA
0.40%$500-12 Month IRA
0.30%$500-6 Month IRA
Locations


School District 3 Credit Union Locations
Branch Office1180 Crawford AveColorado Springs, CO 80911