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Overview / Commentary
303-427-5005
5005 W 60th Ave
Arvada, CO 80003-6918

Sooper Credit Union is headquartered in Arvada and is the 11st largest credit union in the state of Colorado. It is also the 714st largest credit union in the nation. It was established in 1951 and as of March of 2014, it had grown to 82 employees and 33,038 members. Sooper Credit Union has a A+ health rating.

Field of Membership Restrictions

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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Health

Data for Q1 2014

Institution Health

A+

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 Sooper Credit Union had $812,000 in non-current loans and owned real-estate with $37.42 million in equity and loan loss allowances on hand to cover it. This gives Sooper Credit Union a Texas Ratio of 2.17% 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 Sooper Credit Union experienced no significant changes from 1.35% as of March 31, 2013 to 2.17% as of March 31, 2014, resulting in a negative change of 60.57%. This indicates that the balance sheet and financial strength for Sooper Credit Union has had no significant changes in recent periods.

Deposit Growth

GRADE:
A+

In the past year, Sooper Credit Union has increased its total deposits by $14.12 million, resulting in 5.99% 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.

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. Sooper Credit Union has $288.22 million in assets with $37.42 million in equity, resulting in a capitalization level of 12.98%, which is excellent.

Institution Statistics

Overall
NCUA #62776
Year Chartered1951
Employees82
Primary Regulator
Assets and Liabilities
Assets$288.22 million
Loans$151.09 million
Deposits$249.87 million
Equity Capital$36.37 million
Loan Loss Allowance$1.05 million
Unbacked Noncurrent Loans$812,000
Real Estate Owned$0
Historic Data - March 2013
Assets$273.88 million
Equity Capital$35.10 million
Loan Loss Allowance$1.61 million
Unbacked Noncurrent Loans$812,000
Real Estate Owned$0
Profit Margin - Quarterly
Return on Assets0.36%
Return on Equity2.87%
Interest Income$2.06 million
Rates

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

Sooper Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.30%--IRA Savings
0.25%--Holiday Club
0.20%$10k-Health Savings
0.10%--Basic Savings
0.10%--Vacation Club

Sooper Credit Union Money Market Rates

DetailsAPYMINMAXPRODUCT
0.40%$90k-Money Market Account

Sooper Credit Union Checking Account Rates

DetailsAPYMINMAXPRODUCT
2.25%-$15kKasasa Checking - Qualifying
0.25%$500-Interest Checking
0.05%--Kasasa Checking - Non Qualifying

Sooper Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
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

Sooper Credit Union IRA Rates

DetailsAPYMINMAXPRODUCT
1.45%$50k-60 - 72 Month IRA
1.20%$50k-48 - 59 Month IRA
0.95%$50k-36 - 47 Month IRA
0.65%$50k-24 - 35 Month IRA
0.50%$50k-18 - 23 Month IRA
0.45%$50k-12 - 17 Month IRA
0.35%$50k-6 - 11 Month IRA
Locations


Sooper Credit Union Locations
Branch Office2132 W Colorado AveColorado Springs, CO 80904-3352
Branch Office998 S Chambers RdAurora, CO 80017
Branch Office2440 F RDGrand Junction, CO 81505-1210
Branch Office5590 W Evans AveDenver, CO 80227-3714
Branch Office5005 W 60th AveArvada, CO 80003-6918