Canvas Credit Union is headquartered in Lone Tree and is the 3rd largest credit union in the state of Colorado. It is also the 103rd largest credit union in the nation. It was established in 1938 and as of March of 2021, it had grown to 585 employees and 262,209 members at 30 locations. Canvas Credit Union's savings rates are 10X the national average, and it has an A health rating.
Field of Membership Restrictions
Membership in Canvas Credit Union is open to the following: 1) employees or affiliates of a Canvas Credit Union Partner Company or Select Employee Group; 2) those who live or work in a qualifying area (not listed on the credit union's site); 3) relatives of current members.
See current membership details
Public Service Credit Union - Would recommend!
Almost a decade ago, I decided to leave my former major bank (Wells Fargo) for a local credit union and I chose Public Service Credit Union. My only regret is that I didn't do so sooner. PSCU is the best bank I've ever worked with. I have both a checking and a savings account there. Anytime I go into a branch I am greeted by friendly and professional staff who make banking a pleasure. They have an automated phone system, but during business hours it's easy to reach a real human. I do the majority of my banking online, and it is a solid website. The only downside to that is the website will pop up a second site and redirect when you want to do online bill pay. The fees are fairly reasonable - as long as you make three transfers or payments through them you can avoid a monthly bill pay fee, and keeping a minimal amount of money in the account is fine (I generally keep $50-$100 in my checking account after I pay monthly bills). I also have overdraft protection of $300 free, so I never have to worry about overdraft fees. The ATM fee is steep: $2.50 on top of the machine fee, but they are part of a credit union network, so it's easy to find a free nearby ATM and avoid that fee. Overall, I'm pleased with PSCU and would highly recommend them.
Do Not Get A Auto Loan Through Them!
Do not use the for auto loans. I have never been late with a payment in over 2 years. I get covid and was 15 days late making a payment. 2 months later I get a letter in the mail saying they reported late payment over 33 days. Well it was a late charge that was from late payment they never sent me anything about nor put it on my account. I have made 4 payments since the late payment and it never showed a late charge. Which I would have paid because I was late but I did not MISS a payment. They said I should have known what it was. I have never been late so NO I do not know how much your late payment is to which the person I spoke with said it depended on the state I was in. That makes no sense. Also told me it would not be taken off my credit report even after I pay it!!! I will be changing loan companies!!
Maybe A Good Deal, Hurdles.
1.Consumers United Association
Applicant must donate a minimum of $5.00 annually to the association. Applicant must complete the online CUA application at
http://www.cuacolorado.org/join.asp.
2. Hard Pull for Applicants. What's with all these credit unions dinging credit scores when some applicants just want a good place to park savings?
Awful Company When It Comes To Understanding COVID Situation
This is the worst company I have worked with on auto loans. They have not taken into consideration people struggling through covid and helping out their customers.
Data as of Q1 2021
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 64778 |
| Year Chartered | 1938 |
| Employees | 585 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.17% |
| Return on Equity - YTD | 12.61% |
| Annual Interest Income | $35.7MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2021vs Q1 2020 | $3.48B$2.81B |
| Loans | Q1 2021vs Q1 2020 | $2.58B$2.48B |
| Deposits | Q1 2021vs Q1 2020 | $3.03B$2.41B |
| Equity Capital | Q1 2021vs Q1 2020 | $314.2MM$281.8MM |
| Loan Loss Allowance | Q1 2021vs Q1 2020 | $36.5MM$27.2MM |
| Unbacked Noncurrent Loans | Q1 2021vs Q1 2020 | $11.2MM$16.8MM |
| Real Estate Owned | Q1 2021vs Q1 2020 | $0$0 |
