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Overview / Commentary
303-936-2299
3299 W Alameda Ave
Denver, CO 80219

West Denver Community Credit Union is headquartered in Denver and is the 69th largest credit union in the state of Colorado. It is also the 4,606th largest credit union in the nation. It was established in 1946 and as of March of 2014, it had grown to 4 employees and 1,874 members. West Denver Community Credit Union has a C+ health rating.

Field of Membership Restrictions

Must live or work in the City of Lakewood or anywhere between the boundaries of I-25 West to Sheridan and Colfax South to Jewel. - 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. West Denver Community 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 West Denver Community Credit Union had $46,000 in non-current loans and owned real-estate with $1.18 million in equity and loan loss allowances on hand to cover it. This gives West Denver Community Credit Union a Texas Ratio of 3.90% 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 West Denver Community Credit Union experienced no significant changes from 2.02% as of March 31, 2013 to 3.90% as of March 31, 2014, resulting in a negative change of 92.48%. This indicates that the balance sheet and financial strength for West Denver Community Credit Union has had no significant changes in recent periods.

Deposit Growth

GRADE:
C-

In the past year, West Denver Community Credit Union has decreased its total deposits by $-301,000, resulting in -3.68% 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 West Denver Community 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. West Denver Community Credit Union has $9.06 million in assets with $1.18 million in equity, resulting in a capitalization level of 13.04%, which is excellent.

Institution Statistics

Overall
NCUA #65726
Year Chartered1946
Employees4
Primary Regulator
Assets and Liabilities
Assets$9.06 million
Loans$3.76 million
Deposits$7.88 million
Equity Capital$1.14 million
Loan Loss Allowance$45,000
Unbacked Noncurrent Loans$46,000
Real Estate Owned$0
Historic Data - March 2013
Assets$9.34 million
Equity Capital$1.12 million
Loan Loss Allowance$70,000
Unbacked Noncurrent Loans$46,000
Real Estate Owned$0
Profit Margin - Quarterly
Return on Assets0%
Return on Equity0%
Interest Income$71,000
Rates

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

West Denver Community Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.24%$100k-IRA Share Account
0.05%$25-Share Saving Variable Account
0.05%$25-Auxiliary Saving Account
0.05%$25-Escrow Saving Account
0.05%$25-Auxiliary Share Account
0.05%$25-Escrow Share Saving Account
0.05%$25-Christmas Club Account

West Denver Community Credit Union Money Market Rates

DetailsAPYMINMAXPRODUCT
0.24%$100k-Money Market Account

West Denver Community Credit Union Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.10%$10k-Interest Bearing Checking Account

West Denver Community Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
1.35%$10k-5 Year Special CD
1.25%$1k-5 Year CD
0.75%$1k-3 Year CD
0.50%$1k-2 Year CD
0.30%$1k-1 Year CD
0.15%$1k-6 Month CD
Locations


West Denver Community Credit Union Locations
Branch Office3299 W Alameda AveDenver, CO 80219