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Westerra Credit Union

Westerra Credit Union Locations
3700 East Alameda Ave.
Denver, CO 80209
1-800-858-7212
www.westerracu.com

NCUA


Westerra Credit Union is headquartered in Denver and is the 5th largest credit union in the state of Colorado. It is also the 152nd largest credit union in the nation. It was established in 1934 and as of December of 2012, it had grown to 207 employees and 79,514 members. Westerra Credit Union has a 5-star health rating.

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See Rates for: Checking | Savings | Money Market | CD | IRA

Westerra Credit Union Checking Account Rates

ApyMinMaxProduct
0.15%$25k-Preferred Checking

Westerra Credit Union Savings Account Rates

ApyMinMaxProduct
0.05%$100-Regular Savings
0.05%--Holiday Club
0.05%--IRA Savings
0.05%--Roth IRA Savings
0.05%--CESA Savings

Westerra Credit Union Money Market Rates

ApyMinMaxProduct
0.30%$100k-Preferred Money Market Account
0.15%$25k-Money Market

Westerra Credit Union CD Rates

ApyMinMaxProduct
1.45%$500-60 Month CD
1.10%$500-48 Month CD
0.95%$500-36 Month CD
0.70%$500-24 Month CD
0.40%$500-12 Month CD
0.25%$500-6 Month CD
0.15%$500-3 Month CD

Westerra Credit Union IRA Rates

ApyMinMaxProduct
1.45%$500-60 Month IRA
1.45%$500-60 Month Roth IRA
1.45%$500-60 Month CESA
1.10%$500-48 Month IRA
1.10%$500-48 Month Roth IRA
1.10%$500-48 Month CESA
0.95%$500-36 Month IRA
0.95%$500-36 Month Roth IRA
0.95%$500-36 Month CESA
0.70%$500-24 Month IRA
0.70%$500-24 Month Roth IRA
0.70%$500-24 Month CESA
0.40%$500-12 Month IRA
0.40%$500-12 Month Roth IRA
0.40%$500-12 Month CESA
0.25%$500-6 Month IRA
0.25%$500-6 Month Roth IRA
0.25%$500-6 Month CESA
0.15%$500-3 Month IRA
0.15%$500-3 Month Roth IRA
0.15%$500-3 Month CESA

Rates updated: 5/21/2013

Data for Q4 2012


Institution Statistics


WESTERRA
NCUA #65788
BankRate ReportView
Year Chartered1934
Employees207
Primary Regulator

Assets and Liabilities

Assets$1.23 billion
Loans$771.15 million
Deposits$1.01 billion
Equity Capital$144.87 million
Loan Loss Allowance$9.97 million
Unbacked Noncurrent Loans$3.29 million

Historic Data - December 2011

Assets$1.19 billion
Equity Capital$136.76 million
Loan Loss Allowance$11.49 million
Unbacked Noncurrent Loans$6.52 million
Real Estate Owned$326,000

Profit Margin - Quarterly

Net Interest Margin4.98%
Return on Assets0.63%
Return on Equity5.37%
Interest Income$42.54 million
Non-Interest Income$9.84 million

Institution Health


Overall Score:
5 out of 5
5
Texas Ratio5
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, 2012 Westerra Credit Union had $3.29 million in non-current loans and owned real-estate with $154.83 million in equity and loan loss allowances on hand to cover it. This gives Westerra Credit Union a Texas Ratio of 2.13% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend5
The Texas Ratio for Westerra Credit Union decreased significantly from 4.62% as of December 31, 2011 to 2.13% as of December 31, 2012, resulting in a positive change of 53.96%.This indicates that the balance sheet and financial strength for Westerra Credit Union has improved significantly in recent periods.
Deposit Growth4
In the past year, Westerra Credit Union has increased its total deposits by $28.58 million, resulting in 2.92% 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 Westerra Credit Union has shown is above average.
Capitalization5
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. Westerra Credit Union has $1.23 billion in assets with $154.83 million in equity, resulting in a capitalization level of 12.59%, which is excellent.
Write Review

Very Poor Service
1 stars - senorsimon - Monday, July 23, 2012 - 4:04 PM

I have been with Westerra Credit union for over 5 years.  Over this time I have observed the following - their staff are the most poorly trained of any CU or bank where I have had business.  I always get the impression at several of thier banks that the tellers are constantly scrutinizing and checking out the customers.  They are often rude, always unprofessional, and seem to engage in personal behaviour which is a BIG putoff for me as a customer who walks in briefly to make a deposit.  Here are several examples : I walked in with a check and some loose pocket change and I was asked to step aside and count it out and hand it to the teller, while she was sitting comfortably in airconditioning.  Some of the female tellers like to stare down at customers and leave the impression that they are evaluating their prejudices of customers are they do bank business.  One teller took my check ( a hefty $ 800 + ) and deposited into another customers account.  I found out after I walked out of the branch and looked at the receipt.  There was no apology from the teller.  They are trained not to appear cheerful - many of them are sullen and behave like they just awoke.  Recently, I walked into to a cubicle to ask for a pen (none outside in the lobby) and I got a lingering hateful stare by the occupant.  This did it for me and I am planning to move my business elsewhere asap.

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