Westerra Credit Union is headquartered in DENVER and is the 5th largest credit union in the state of Colorado. It is also the 154th largest credit union in the nation. It was established in 1934 and as of December of 2013, it had grown to 204 employees and 86,523 members. Westerra Credit Union has a A+ health rating.
Must live or work in Adams, Arapahoe, Denver, Douglas or Jefferson County or the City of Aurora. Also open to employees and students of Denver Public Schools and Jeffco Public Schools. - See Details
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.
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 Westerra Credit Union had $4.32 million in non-current loans and owned real-estate with $158.9 million in equity and loan loss allowances on hand to cover it. This gives Westerra Credit Union a Texas Ratio of 2.72% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
The Texas Ratio for Westerra Credit Union held steady from 2.13% as of December 31, 2012 to 2.72% as of December 31, 2013, resulting in a negative change of 27.98%. This indicates that the balance sheet and financial strength for Westerra Credit Union has held steady in recent periods.
In the past year, Westerra Credit Union has increased its total deposits by $33.71 million, resulting in 3.35% 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 excellent.
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 $1.27 billion in assets with $158.9 million in equity, resulting in a capitalization level of 12.54%, which is excellent.
|Assets and Liabilities|
|Equity Capital||$151.38 million|
|Loan Loss Allowance||$7.52 million|
|Unbacked Noncurrent Loans||$4.18 million|
|Real Estate Owned||$146,000|
|Historic Data - December 2012|
|Equity Capital||$144.87 million|
|Loan Loss Allowance||$9.97 million|
|Unbacked Noncurrent Loans||$4.18 million|
|Real Estate Owned||$0|
|Profit Margin - Quarterly|
|Net Interest Margin||4.51%|
|Return on Assets||0.74%|
|Return on Equity||6.21%|
|Interest Income||$40.15 million|
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|0.05%||-||-||Roth IRA Savings|
|0.30%||$100k||-||Preferred Money Market Account|
|1.40%||$500||-||60 Month CD|
|1.10%||$500||-||48 Month CD|
|0.90%||$500||-||36 Month CD|
|0.60%||$500||-||24 Month CD|
|0.40%||$500||-||12 Month CD|
|0.20%||$500||-||6 Month CD|
|0.15%||$500||-||3 Month CD|
|1.40%||$500||-||60 Month IRA (Traditional,Roth,CESA)|
|1.10%||$500||-||48 Month IRA (Traditional,Roth,CESA)|
|0.90%||$500||-||36 Month IRA (Traditional,Roth,CESA)|
|0.60%||$500||-||24 Month IRA (Traditional,Roth,CESA)|
|0.40%||$500||-||12 Month IRA (Traditional,Roth,CESA)|
|0.20%||$500||-||6 Month IRA (Traditional,Roth,CESA)|
|0.15%||$500||-||3 Month IRA (Traditional,Roth,CESA)|
|Westerra Credit Union Locations|
|Branch Office||98 N Wadsworth Blvd #130||Lakewood, CO 80226|
|Branch Office||3700 E Alameda Ave||Denver, CO 80209|
|Branch Office||7270 W 88th Ave||Arvada, CO 80003|
|Branch Office||14305 E Alameda Ave||Aurora, CO 80012|
|Branch Office||355 Union Blvd||Lakewood, CO 80228|
|Branch Office||5698 S Himalaya St Unit B||Centennial, CO 80015|
|Branch Office||8174 S Kipling Pkwy Unit 190||Littleton, CO 80127|
|Branch Office||3700 Quebec St Unit 102||Denver, CO 80207|