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Overview / Commentary
720-493-1270
5310 Dtc Pkwy Ste H
Greenwood Village, CO 80111-3010

Star Tech Credit Union is headquartered in Greenwood Village and is the 72nd largest credit union in the state of Colorado. It is also the 4,737th largest credit union in the nation. It was established in 1939 and as of March of 2014, it had grown to 1 employees and 1,400 members. Star Tech Credit Union has a C+ health rating.

Field of Membership Restrictions

Must be an employee in the petroleum industry working in the Denver-metro area. Also open to those who live or work in the Denver Tech Center or Greenwood Village. - See Details

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Health

Data for Q1 2014

Institution Health

C+
Additional Factors: Institutions with a small asset base or a short operating history can represent an instability risk beyond what their financial ratios indicate. Star Tech 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 Star Tech Credit Union had $4,000 in non-current loans and owned real-estate with $1.44 million in equity and loan loss allowances on hand to cover it. This gives Star Tech Credit Union a Texas Ratio of 0.28% 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 Star Tech Credit Union decreased dramatically from 0.41% as of March 31, 2013 to 0.28% as of March 31, 2014, resulting in a positive change of 32.64%.This indicates that the balance sheet and financial strength for Star Tech Credit Union has improved dramatically in recent periods.

Deposit Growth

GRADE:
C-

In the past year, Star Tech Credit Union has decreased its total deposits by $-236,000, resulting in -3.36% 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 Star Tech Credit Union has shown is below average.

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. Star Tech Credit Union has $8.23 million in assets with $1.44 million in equity, resulting in a capitalization level of 17.47%, which is excellent.

Institution Statistics

Overall
NCUA #3182
Year Chartered1939
Employees1
Primary Regulator
Assets and Liabilities
Assets$8.23 million
Loans$3.67 million
Deposits$6.79 million
Equity Capital$1.43 million
Loan Loss Allowance$6,000
Unbacked Noncurrent Loans$4,000
Real Estate Owned$0
Historic Data - March 2013
Assets$8.47 million
Equity Capital$1.44 million
Loan Loss Allowance$12,000
Unbacked Noncurrent Loans$4,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin1.39%
Return on Assets-0.19%
Return on Equity-1.12%
Interest Income$58,000
Rates

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Star Tech Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.25%--Individual Retirement Account
0.06%--Regular Savings

Star Tech Credit Union Money Market Rates

DetailsAPYMINMAXPRODUCT
0.25%$25k-Money Market Savings
0.25%$25k-Money Market Checking

Star Tech Credit Union Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.15%$2,500-Business Checking

Star Tech Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
1.35%$500-4 Year CD
1.15%$500-3 Year CD
0.60%$500-2 Year CD
0.50%$500-18 Month CD
0.40%$500-1 Year CD
0.30%$500-6 Month CD

Star Tech Credit Union IRA Rates

DetailsAPYMINMAXPRODUCT
1.35%$500-4 Year IRA
1.15%$500-3 Year IRA
0.60%$500-2 Year IRA
0.50%$500-18 Month IRA
0.40%$500-1 Year IRA
0.30%$500-6 Month IRA
Locations


Star Tech Credit Union Locations
Branch Office5310 Dtc Pkwy Ste HGreenwood Village, CO 80111-3010