Canvas Credit Union is headquartered in Lone Tree and is the 3rd largest credit union in the state of Colorado. It is also the 104th largest credit union in the nation. It was established in 1938 and as of June of 2019, it had grown to 504 employees and 250,202 members at 27 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
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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.
Savings Account
I had never considered a credit union until I bought a new car and the loan went to them. I opened a savings account because of the amazing service they gave me with the car. The customer service was great and they answered all of my questions. I was leery at first because I always though credit unions were expensive, but there are no fees associated with my savings account. I have the app on my phone as well as online banking. Both are very easy to navigate and give me the most up to date information that I am looking for. The only thing that I am not fond of is that when I do have to go inside to do my banking, the line seems to always be very long. I try to do as much online and mobile that I can to avoid going inside the credit union. I am thinking about switching all of my banking over to the credit union.
Canvas Credit Union. BIG MISTAKE
I have had issues with multiple online payments not being approved (on my end) but then called Canvas and was told that they all went through (hundreds of dollars) and according to the teller, there was "nothing" they could do about it on their end. I just had a western union transaction attempt that was approved , only to be rejected by the "added security" feature which was added by CANVAS AND IS NOT OPTIONAL! The worst part is when you call them and the employee CLEARLY has no training and NO IDEA WHAT TO TELL YOU. This is NOT HELP. This is NOT "added security". I HATE CANVAS! Can't wait to leave.
Crappy Customer Service
This credit union has the worst customer service. I had a business account here that overdrafted by 148 dollars. I had switched business accounts to another bank that cared about customers. I had a personal account at Canvas also. They froze my personal account because they said we are going to incur a loss on the other account. They told me till its paid they will not release it. They would not unfreeze my account so I could pay the other bill! Their loss mitigation department was no help and refused to help me at all. None of them called me to tell me about the account being frozen or call and ask about the overdrawn account so I can pay it. We have three auto loans with them and have several tother accounts with them. I will be cancelling all of them. Do not do business with them! I would give negative stars if possible!
Data as of Q2 2019
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 64778 |
| Year Chartered | 1938 |
| Employees | 504 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.96% |
| Return on Equity - YTD | 9.55% |
| Annual Interest Income | $61.3MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2019vs Q2 2018 | $2.60B$2.40B |
| Loans | Q2 2019vs Q2 2018 | $2.29B$2.06B |
| Deposits | Q2 2019vs Q2 2018 | $2.21B$2.04B |
| Equity Capital | Q2 2019vs Q2 2018 | $260.5MM$239.8MM |
| Loan Loss Allowance | Q2 2019vs Q2 2018 | $27.0MM$21.2MM |
| Unbacked Noncurrent Loans | Q2 2019vs Q2 2018 | $12.7MM$13.1MM |
| Real Estate Owned | Q2 2019vs Q2 2018 | $89.00K$438.00K |
Always verify rates and promotions with the bank or credit union. We are not Canvas Credit Union; we are a rate comparison website and cannot provide official rates or promotions.
* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.
Canvas Credit Union Savings Account Rates
Canvas Credit Union Money Market Rates
Canvas Credit Union Checking Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 0.15%* | $25k* | - | Interest Checking | ||
| OTHER TIERS: 0.05% → $500 - $10k | 0.10% → $10k - $25k | |||||
| 0.05% | $3k | - | Premier Business Checking | ||
Canvas Credit Union CD Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 2.60% | $1k | - | 18 Month CD | |
| 2.00% | $1k | - | 6 Month CD | |
| 1.90% | $1k | - | 60 Month CD | |
| 1.80% | $1k | - | 36 Month CD | |
| 1.40% | $1k | - | 12 Month CD | |
| 1.40% | $1k | - | 48 Month CD | |
| 1.15% | $1k | - | 24 Month CD |
Canvas Credit Union IRA Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 2.30% | $2.5k | - | 60 Month IRA | |
| 2.00% | $2.5k | - | 48 Month IRA | |
| 1.90% | $2.5k | - | 24 Month IRA | |
| 1.50% | $2.5k | - | 12 Month IRA | |
| 1.50% | $2.5k | - | 36 Month IRA | |
| 1.25% | $2.5k | - | 18 Month IRA |
