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Overview / Commentary
970-243-2434
2302 North Ave
Grand Junction, CO 81501

Western Rockies Credit Union is headquartered in GRAND JUNCTION and is the 25th largest credit union in the state of Colorado. It is also the 1,448th largest credit union in the nation. It was established in 1936 and as of December of 2013, it had grown to 38 employees and 14,463 members. Western Rockies Credit Union has a B+ health rating.

Field of Membership Restrictions

Must live, work, worship or attend school in Mesa, Garfield, Pitkin or Eagle County. - See Details

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Health

Data for Q4 2013

Institution Health

B+

Texas Ratio

GRADE:
A+

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 December 31, 2013 Western Rockies Credit Union had $313,000 in non-current loans and owned real-estate with $9.97 million in equity and loan loss allowances on hand to cover it. This gives Western Rockies Credit Union a Texas Ratio of 3.14% 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 Western Rockies Credit Union experienced no significant changes from 1.85% as of December 31, 2012 to 3.14% as of December 31, 2013, resulting in a negative change of 69.19%. This indicates that the balance sheet and financial strength for Western Rockies Credit Union has had no significant changes in recent periods.

Deposit Growth

GRADE:
C+

In the past year, Western Rockies Credit Union has decreased its total deposits by $-785,000, resulting in -0.82% 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 Western Rockies Credit Union has shown is average.

Capitalization

GRADE:
B

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. Western Rockies Credit Union has $104.49 million in assets with $9.97 million in equity, resulting in a capitalization level of 9.55%, which is above average.

Institution Statistics

Overall
NCUA #1608
Year Chartered1936
Employees38
Primary Regulator
Assets and Liabilities
Assets$104.49 million
Loans$47.63 million
Deposits$94.57 million
Equity Capital$9.44 million
Loan Loss Allowance$536,000
Unbacked Noncurrent Loans$313,000
Real Estate Owned$0
Historic Data - December 2012
Assets$105.17 million
Equity Capital$9.38 million
Loan Loss Allowance$543,000
Unbacked Noncurrent Loans$313,000
Real Estate Owned$115,000
Profit Margin - Quarterly
Net Interest Margin5.38%
Return on Assets0.03%
Return on Equity0.36%
Interest Income$2.86 million
Rates

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Western Rockies Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.03%$100-Regular Savings
0.03%$100-Business Share Savings
0.03%--Safari Youth Savings
0.03%$50-IRA Savings
0.03%$50-Roth IRA Savings
0.03%$50-CESA Savings

Western Rockies Credit Union Money Market Rates

DetailsAPYMINMAXPRODUCT
0.05%$5k-Money Market

Western Rockies Credit Union Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.01%$500-Regular Checking

Western Rockies Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
1.00%$500-5 Year CD
0.75%$500-3 Year CD
0.40%$500-2 Year CD
0.20%$500-1 Year CD
0.20%$60-6 Month Youth CD

Western Rockies Credit Union IRA Rates

DetailsAPYMINMAXPRODUCT
0.75%$500-5 Year Time IRA (Traditional,Roth,CESA)
0.60%$500-3 Year Time IRA (Traditional,Roth,CESA)
Locations


Western Rockies Credit Union Locations
Branch Office142 W 3rd stRifle, CO 81650
Branch Office577 Kokopelli BlvdFruita, CO 81521
Branch Office2302 North AveGrand Junction, CO 81501
Branch Office3225 I-70 Business Loop Ste A3Clifton, CO 81520