Canvas Credit Union


Overview / Commentary
303-691-2345
9990 Park Meadows Dr
Lone Tree, CO 80124

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.

Posted by: |

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

Posted by: |

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.

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Health

Health Grade Components

Overall
NCUA #64778
Year Chartered1938
Employees585
Primary Regulator
Profit Margin
Return on Assets - YTD1.17%
Return on Equity - YTD12.61%
Annual Interest Income$35.7MM
Assets and Liabilities
AssetsQ1 2021vs Q1 2020$3.48B$2.81B
LoansQ1 2021vs Q1 2020$2.58B$2.48B
DepositsQ1 2021vs Q1 2020$3.03B$2.41B
Equity CapitalQ1 2021vs Q1 2020$314.2MM$281.8MM
Loan Loss AllowanceQ1 2021vs Q1 2020$36.5MM$27.2MM
Unbacked Noncurrent LoansQ1 2021vs Q1 2020$11.2MM$16.8MM
Real Estate OwnedQ1 2021vs Q1 2020$0$0
Rates
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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

APYMINMAXACCOUNT NAMEVIEW DETAILS
5.00%*-$1kNext Level Savings
OTHER TIERS: 0.10% $1k+
2.50%*-$2kReverse Tier Savings Account - 1st 5K New Money
OTHER TIERS: 0.10% $50k+ | 0.35% $10k - $50k | 0.50% $5k - $10k | 1.00% $2k - $5k
0.50%*$100k*-Health Savings Account
OTHER TIERS: 0.10% Up to $10k | 0.15% $10k - $25k | 0.20% $25k - $50k | 0.30% $50k - $100k
0.30%--IRA Savings Account
0.10%$5-Membership Savings Account
0.10%--Personalized Savings Account
0.10%$5-Business Membership Savings Account
0.05%--Holiday Savings Account

Canvas Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.45%*$100k*-Money Market Plus
OTHER TIERS: 0.20% $10k - $25k | 0.25% $25k - $50k | 0.35% $50k - $100k
0.45%*$100k*-Business Money Market
OTHER TIERS: 0.15% $1k - $25k | 0.20% $25k - $50k | 0.30% $50k - $100k
0.40%*$100k*-Business Jumbo Money Market
OTHER TIERS: 0.15% $1k - $100k
0.40%*$100k*-Jumbo Money Market Account
OTHER TIERS: 0.15% $1k - $100k
0.15%$1k-Money Market

Canvas Credit Union Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW 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

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.80%$1k-60 Month CD
0.60%$1k-48 Month CD
0.55%$1k-36 Month CD
0.50%$500-Classic Secured Mastercard CD
0.45%$1k-24 Month CD
0.40%$1k-18 Month CD
0.30%$1k-12 Month CD
0.15%$1k-6 Month CD

Canvas Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.90%$2.5k-60 Month IRA
0.70%$2.5k-48 Month IRA
0.65%$2.5k-36 Month IRA
0.55%$2.5k-24 Month IRA
0.50%$2.5k-18 Month IRA
0.40%$2.5k-12 Month IRA
Locations

Availability

Denver Area

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