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Overview / Commentary
800-666-6928
2495 S Havana St Unit F18
Aurora, CO 80014

Space Age Credit Union is headquartered in Aurora and is the 26th largest credit union in the state of Colorado. It is also the 1,460th largest credit union in the nation. It was established in 1952 and as of March of 2014, it had grown to 33 employees and 14,201 members. Space Age Credit Union's savings rates are 25% higher than the national average, and it has a B+ health rating.

Field of Membership Restrictions

Must be an employee of any of their Group Affiliates. Also open to those who live, work, worship or attend school within the Lowry Community. - See Details

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Health

Data for Q1 2014

Institution Health

B+

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 Space Age Credit Union had $119,000 in non-current loans and owned real-estate with $9.45 million in equity and loan loss allowances on hand to cover it. This gives Space Age Credit Union a Texas Ratio of 1.26% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
B+

The Texas Ratio for Space Age Credit Union decreased slightly from 1.54% as of March 31, 2013 to 1.26% as of March 31, 2014, resulting in a positive change of 18.29%.This indicates that the balance sheet and financial strength for Space Age Credit Union has improved slightly in recent periods.

Deposit Growth

GRADE:
B+

In the past year, Space Age Credit Union has increased its total deposits by $1.74 million, resulting in 1.83% 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 Space Age Credit Union has shown is above average.

Capitalization

GRADE:
C

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. Space Age Credit Union has $106.46 million in assets with $9.45 million in equity, resulting in a capitalization level of 8.88%, which is average.

Institution Statistics

Overall
NCUA #8029
Year Chartered1952
Employees33
Primary Regulator
Assets and Liabilities
Assets$106.46 million
Loans$74.86 million
Deposits$96.54 million
Equity Capital$9.02 million
Loan Loss Allowance$435,000
Unbacked Noncurrent Loans$119,000
Real Estate Owned$0
Historic Data - March 2013
Assets$104.27 million
Equity Capital$8.75 million
Loan Loss Allowance$722,000
Unbacked Noncurrent Loans$119,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin1.18%
Return on Assets0.17%
Return on Equity2.04%
Interest Income$943,000
Rates

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

Space Age Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.65%--Starter Certificate
0.30%--Holiday Club
0.05%$50-Regular Share
0.05%--IRA Share
0.05%--Roth IRA Share

Space Age Credit Union Money Market Rates

DetailsAPYMINMAXPRODUCT
0.25%$100k-Jumbo Money Market
0.20%$50k-Premier Money Market
0.15%$25k-Maximum Money Market
0.07%$2,500-Insured Money Market

Space Age Credit Union Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.05%$2,500-Premium Checking

Space Age Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
0.85%$50k-30-36 Month Share Certificate
0.70%$50k-24-30 Month Share Certificate
0.65%$50k-18-24 Month Share Certificate
0.60%$50k-36 Month Step-Up Share Certificate
0.55%$50k-12-18 Month Share Certificate
0.45%$50k-6-12 Month Share Certificate
0.35%$50k-3-6 Month Share Certificate

Space Age Credit Union IRA Rates

DetailsAPYMINMAXPRODUCT
0.85%$50k-30-36 Month IRA Certificate
0.70%$50k-24-30 Month IRA Certificate
0.65%$50k-18-24 Month IRA Certificate
0.60%$50k-36 Month Step-Up IRA Certificate
0.55%$50k-12-18 Month IRA Certificate
0.45%$50k-6-12 Month IRA Certificate
0.35%$50k-3-6 Month IRA Certificate
Locations


Space Age Credit Union Locations
Branch Office2495 S HAVANA ST UNIT F18Aurora, CO 80014