Sooper Credit Union is headquartered in Arvada and is the 11st largest credit union in the state of Colorado. It is also the 726th largest credit union in the nation. It was established in 1951 and as of September of 2013, it had grown to 82 employees and 33,072 members. Sooper Credit Union has a A+ health rating.
Credit union membership is open to members of the Consumers United Association, and the association is open to any Colorado resident. The Association has a membership fee of $5. You can be eligible to join the credit union without the association membership if you're 55 or older and living within 25 miles of a Sooper Credit Union branch. Employees of King Soopers and City Market are also eligible. - See Details
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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 September 30, 2013 Sooper Credit Union had $662,000 in non-current loans and owned real-estate with $36.8 million in equity and loan loss allowances on hand to cover it. This gives Sooper Credit Union a Texas Ratio of 1.80% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
The Texas Ratio for Sooper Credit Union decreased dramatically from 3.37% as of September 30, 2012 to 1.80% as of September 30, 2013, resulting in a positive change of 46.63%.This indicates that the balance sheet and financial strength for Sooper Credit Union has improved dramatically in recent periods.
In the past year, Sooper Credit Union has increased its total deposits by $11.01 million, resulting in 4.9% 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 Sooper Credit Union has shown is excellent.
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. Sooper Credit Union has $273.86 million in assets with $36.8 million in equity, resulting in a capitalization level of 13.44%, which is excellent.
|Assets and Liabilities|
|Equity Capital||$35.37 million|
|Loan Loss Allowance||$1.43 million|
|Unbacked Noncurrent Loans||$662,000|
|Real Estate Owned||$0|
|Historic Data - September 2012|
|Equity Capital||$34.36 million|
|Loan Loss Allowance||$1.62 million|
|Unbacked Noncurrent Loans||$662,000|
|Real Estate Owned||$180,000|
|Profit Margin - Quarterly|
|Net Interest Margin||3.97%|
|Return on Assets||0.49%|
|Return on Equity||3.77%|
|Interest Income||$6.46 million|
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|0.40%||$90k||-||Money Market Account|
|1.45%||$50k||-||60 - 72 Month CD|
|1.20%||$50k||-||48 - 59 Month CD|
|0.95%||$50k||-||36 - 47 Month CD|
|0.65%||$50k||-||24 - 35 Month CD|
|0.50%||$50k||-||18 - 23 Month CD|
|0.45%||$50k||-||12 - 17 Month CD|
|0.35%||$50k||-||6 - 11 Month CD|
|1.45%||$50k||-||60 - 72 Month IRA|
|1.45%||$50k||-||60 - 72 Month Roth IRA|
|1.20%||$50k||-||48 - 59 Month IRA|
|1.20%||$50k||-||48 - 59 Month Roth IRA|
|0.95%||$50k||-||36 - 47 Month IRA|
|0.95%||$50k||-||36 - 47 Month Roth IRA|
|0.65%||$50k||-||24 - 35 Month IRA|
|0.65%||$50k||-||24 - 35 Month Roth IRA|
|0.50%||$50k||-||18 - 23 Month IRA|
|0.50%||$50k||-||18 - 23 Month Roth IRA|
|0.45%||$50k||-||12 - 17 Month IRA|
|0.45%||$50k||-||12 - 17 Month Roth IRA|
|0.35%||$50k||-||6 - 11 Month IRA|
|0.35%||$50k||-||6 - 11 Month Roth IRA|
|Sooper Credit Union Locations|
|Branch Office||2132 W Colorado Ave||Colorado Springs, CO 80904-3352|
|Branch Office||998 S Chambers Rd||Aurora, CO 80017|
|Branch Office||2440 F RD||Grand Junction, CO 81505-1210|
|Branch Office||5590 W Evans Ave||Denver, CO 80227-3714|
|Branch Office||5005 W 60th Ave||Arvada, CO 80003-6918|