Featured Savings Rates
Featured Accounts

Bellco Credit Union

Popular Accounts at this Credit Union

2.25%Reward CheckingBoost Interest Checking
2.00%5-year CD60 Months HSA CD
1.15%1-year CD12 Months HSA CD

Overview / Commentary
7600 E Orchard Rd Ste 400N
Greenwood Village, CO 80111

Bellco Credit Union is headquartered in Greenwood Village and is the 2nd largest credit union in the state of Colorado. It is also the 44th largest credit union in the nation. It was established in 1936 and as of June of 2017, it had grown to 324 employees and 304,615 members at 24 locations. Bellco Credit Union's CD rates are 39% higher than the national average, and it has an A health rating.

Field of Membership Restrictions

Membership in Bellco Credit Union is open to anyone by joining the Bellco Foundation ($10 minimum donation). All Colorado residents are eligible by joining Consumers United Association ($5 annual membership fee). Membership is also open to those who live or work in the Colorado counties of Adams, Arapahoe, Boulder, Broomfield, Denver, Douglas, El Paso, Garfield, Jefferson, Moffat, Mesa, Rio Blanco, or Weld, as well as the employees of over 1,600 Select Employee Groups.
See current membership details

Related Posts

Online Application - Unavailable - 7/11/2017

As of Monday and today (Tuesday), Bellco's online application states, by clicking Open An Account at top of home page: Service Temporarily Unavailable We're sorry, our Online Application is temporarily unavailable. The message suggests joining through a branch, and I live out of state. The representative said online applications are still accepted, and the link should be fixed. Would like to know if there is an official response? Want to make sure out of state accounts are still accepted (through Foundation relationship) and online application will be possible within a few days. In other words, want to make sure this is not an official policy change.

Bellco 22 And 44 Month Index Advantage Increased By 0.25% - 7/6/2017

The variable rate Index Advantage APY increased to match the recent fed rate increase. 22 month is at 2.05% or 2.15% APY for $10k or $100k. 44 month is at 2.35% or 2.45% APY for $10k or $100k. 90 day EWP.

Read The Fine Print On Any Deal - 3/12/2017

The sales pitch says "This tiered variable-rate CD automatically adjusts its rate if interest rates ever go up. So you no longer have to worry about locking into a ?xed rate CD during unpredictable times." Does not explain how the rate is calculated. Buried in the finest of fine print at the bottom of the page there is still no explanation of how the rate is derived but it says "The rate may increase or decrease after the account is opened." https://www.bellco.org/cd.aspx

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Bellco Is A Good CU

Posted by: Kaight | Aug 6, 2017

I joined Bellco to take advantage of their Index Advantage CD. Joining was quick and quite easy, however:

I joined via the Bellco Foundation. There was no way to fund my Foundation contribution over the internet. I was required to download the Foundation application, fill it out, and snail mail them a check together with the application, instead. Allowing funding over the net might have saved a day or two. Still, my snail mailed contribution was received, processed properly, and my membership went forward thereafter without a hitch.

For out of state applicants Bellco has a VERY internet-centric application process. Be ready for that if you apply. There is only a single person at Bellco who handles internet applications. She knows her stuff and is a good person with whom to work. But other Bellco employees, those not oriented to or trained for out-of-state memberships, might not have answers applicants need. And BTW, all of my interaction with her was via e-mail. I never, not one time, spoke with her on the telephone. Nevertheless, I did have the sense she is very, very busy. That is no surprise, I guess, when you consider some of the amazing deals Bellco is offering.

ETA on 20 September 2017:

Insofar as I'm able today to determine, the Index Advantage CD is no longer available. At least I no longer am able to find it offered anywhere.

Good Rates (I Think), But Too Hard To Get Started

Posted by: Raz | Jul 12, 2017

Competitive Products

In an environment where rates are generally expected to increase, the 22 month and 44 month Index Advantage CDs seem to be quite competitive. At this time, the 44 month has a rate that beats those that Ally and others are offering for 5 year. The 90 day early withdrawal penalty seems to provide a reasonably easy out if the forecast for interest rates change and someone else offers a great special. 90 days EWP with a 3+ year CD seems to be quite rare. According to the EWP calculator, the 22 month CD should only be taken if you plan to keep the money there for 21 or 22 months (or less than 3 months).

Customer service

Approval of membership and and funding of accounts is way more difficult than it should be. The online application process is straight-forward enough, but when the application is reviewed by a human requests start coming in for other things - fresh scans of ID's, utility bill to "prove" residence, etc. I was also told that since I was out of state I would need to make a donation to their charity. That's not a big deal, but it shows that they didn't read my application where I indicated that I work for one of the companies in their field of membership.

The beneficiary and signature card that they provide is a scan provided through docusign. I was not told ahead of time that they would be providing it that way. I'm a bit leary of unexpected docusign requests as I know at least one person that received a fraudulent docusign request in the past couple of months.

Because of the way that they prepare the beneficiary form in docusign, you are not able to check boxes (e.g. joint tenants, POD, etc.) that you would like to check. In the withholding requirements section, the docusign form doesn't align with the scanned document, causing the checks to go in the wrong boxes. There is at least one misaligned box that I legally must not check that the form had as a requirement. Because of this, I resorted to having blank forms sent to me in PDF then used their document upload feature on their site to upload scans of documents I filled by hand.

Unlike other institutions, they were unable to lift a hold on deposited checks so I could fund CDs. That is, money sat in a savings account for several days for no good reason. This despite the fact that I deposited cashiers checks from my old bank.

The "Truth in Savings and Fee Disclosure" was last updated in 2015, apparently before the 44 month CD was introduced. This document describes the EWP for CDs that are 3 years or less and 5 years. It is silent about the 44 month CD or any time period that includes 44 months. The certificate disclosure does properly disclose the 44 month CD's EWP. I tried to convey the deficiency in the Truth in Savings document that is available via the web to a CSR and she quoted me from some other document and claimed the TIS document was current. The TIS document that was provided to me as part of the account opening process was the 2015 version that I found before opening the account.

Customer service was bad enough at first that I nearly didn't go through with setting up accounts. I eventually got in touch with one CSR that was quite helpful and stuck with me for a few days as the account was funded and holds cleared.

Web / Mobile Experience

Even after opening the account, the web interface is not great. It doesn't allow you to see who is a joint owner, beneficiaries, or a decent consolidated screen of all your holdings. Perhaps I've been spoiled by Ally.

The authentication system is out of step with the rest of the world in that it applies complexity criteria common for passwords to both usernames and passwords. Usernames are not visible, as they are implemented as password fields. Session management is poor, requiring re-authentication in way too many circumstances.

A bright spot of the web interface is that it does allow you to set alerts on a per account basis for deposits, withdrawals, etc. The alerts can go to email or SMS.

As far as I can tell, the "mobile banking" (different from web interface) was last updated sometime before smart phones were introduced. Rather than a web or app interface, you can text commands to check balances, transfer money, etc. If you have a phone that runs a browser, you are better off with the web interface. The one redeeming feature of the mobile interface is that it defaults to off and you can choose which accounts, if any, are enabled.

I was told that a software update is expected in August of this year that should improve the account application process as well as web/mobile banking. Fingers crossed.

Reasonable Fees

I have been charged no fees and know of none that are coming. The EWP is outstanding for a 22 month or 44 month CD.

BELLCO CD Is Variable Rate, Not Fixed As Shown

Posted by: CalBear49 | Jun 19, 2017

The BELLCO 22 month CD as shown on your website as well as shown on their own website is not a fixed rate. After opening this account, I was notified that the rate can go up or down monthly during the 22 month term. This is misrepresentation.

Bellco CU Is A Great Place To Park 25000$

Posted by: denverace | May 16, 2017

Bellco pays 2.25% on their Boost Checking. Where else can you get that rate without tying up your money. The debit card is really the only requirement and 15 debit charges a month is quite easy. I have been a member since the 70's had several loans and really never had a problem.



Health Grade Components

NCUA #68437
Year Chartered1936
Primary Regulator
Profit Margin
Return on Assets - YTD0.84%
Return on Equity - YTD8.54%
Annual Interest Income$75.1MM
Assets and Liabilities
AssetsQ2 2017vs Q2 2016$3.95B$3.30B
LoansQ2 2017vs Q2 2016$3.12B$2.78B
DepositsQ2 2017vs Q2 2016$3.29B$2.72B
Equity CapitalQ2 2017vs Q2 2016$407.6MM$370.2MM
Loan Loss AllowanceQ2 2017vs Q2 2016$36.5MM$49.0MM
Unbacked Noncurrent LoansQ2 2017vs Q2 2016$18.0MM$18.0MM
Real Estate OwnedQ2 2017vs Q2 2016$108.00K$128.00K
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Bellco Credit Union Savings Account Rates

2.00%*-$500Youth Savings Account
OTHER TIERS: 0.50% $500+
0.80%*$100k*-IRA Account
OTHER TIERS: 0.25% Up to $10k | 0.35% $10k - $25k | 0.60% $25k - $50k | 0.70% $50k - $100k
0.20%*$25k*-HSA Checking Account
OTHER TIERS: 0.05% Up to $500 | 0.10% $500 - $2,500 | 0.15% $2,500 - $25k
0.10%$25-Savings Account
0.10%--Christmas Club Account
0.10%--Surprise Savings Account
0.05%$100-Basic Business Savings Account

Bellco Credit Union Money Market Rates

0.50%*$250k*-Premier Money Market Account
OTHER TIERS: 0.10% Up to $10k | 0.15% $10k - $25k | 0.20% $25k - $50k | 0.30% $50k - $100k | 0.40% $100k - $250k
0.50%*$250k*-Business Premier Money Market Account
OTHER TIERS: 0.10% Up to $10k | 0.20% $10k - $50k | 0.35% $50k - $100k | 0.45% $100k - $250k
0.40%*$100k*-Business Money Market Account
OTHER TIERS: 0.20% Up to $50k | 0.30% $50k - $100k
0.15%*$10k*-Member Money Market Account
OTHER TIERS: 0.01% Up to $1k | 0.10% $1k - $10k

Bellco Credit Union Checking Account Rates

2.25%*-$25kBoost Interest Checking
OTHER TIERS: 0.25% $25k+
0.15%*$50k*-Platinum Checking Account
OTHER TIERS: 0.03% Up to $10k | 0.05% $10k - $25k | 0.10% $25k - $50k

Bellco Credit Union CD Rates

2.00%$500-60 Months CD
2.00%$500-60 Months HSA CD
1.75%$500-36 Months CD
1.75%$500-36 Months HSA CD
1.55%$500-24 Months CD
1.55%$500-24 Months HSA CD
1.50%$500-Business 60 Months CD
1.35%$2,500-36 Months Smart Move CD
1.25%$2,500-30 Months Smart Move CD
1.25%$100k-12 Months Jumbo CD
1.15%$500-12 Months CD
1.15%$50-12 Months Youth CD
1.15%$500-12 Months HSA CD
1.10%$2,500-24 Months Smart Move CD
1.00%$2,500-18 Months Smart Move CD
1.00%$500-Business 36 Months CD
0.75%$10k-Business 17 Month Promotional CD
0.65%$100k-6 Months Jumbo CD
0.55%$500-6 Months CD
0.50%$500-Business 24 Months CD
0.40%$500-Business 12 Months CD
0.25%$500-Business 6 Months CD
0.15%$500-3 Months CD
0.15%$500-Business 3 Months CD

Bellco Credit Union IRA Rates

2.00%$500-60 Months IRA
1.75%$500-36 Months IRA
1.55%$500-24 Months IRA
1.15%$500-12 Months IRA
0.55%$500-6 Months IRA
0.15%$500-3 Months IRA