Canvas Credit Union
Popular Accounts at this Credit Union
| APY | ACCOUNT TYPE | ACCOUNT NAME |
|---|---|---|
| 3.25% | Savings | Reverse Tier Savings Account - 1st 5K New Money |
| 1.95% | 5-year CD | 60 Month CD |
| 1.05% | 1-year CD | 12 Month CD 2.45% - Synchrony Bank 12 Month CD |
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 June of 2018, it had grown to 498 employees and 241,302 members at 29 locations. Canvas Credit Union's savings rates are 6X 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
Related Posts
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.
I Love My Credit Union!
I've been with Public Service since I was fourteen years old. I have never had any issues with getting the services I need and almost always have a wonderful customer service rep. My checking account is free, they always offer me credit tracking services and suggest other lines I might be interested in. I've had my debit card stole twice now and within 2 days I had all of my money back. The individuals who work at the various branches really take an interest in your misfortunes and seem genuinely willing to help you. Will never go to another banking institution ever again, at least not while living in Colorado. The branches are always clean, sometimes they offer free snacks or cookies at Christmas time. The branches are conveniently located and I rarely wait in line for service.
Public Service
Public Service Credit Union is the best place I have ever banked. Every time I have a question or problem they handle it quickly and discretely. I would highly recommend using Public Service for your banking needs. The best part about banking at a credit union is that when you deposit funds they are available immediately. Also, they offer all the normal products that banks do such as, mortgages, car loans, credit cards, etc.
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.
Fairly Good
Overall, my experiences with this credit union have been fairly neutral--I have been associated with another local credit union I liked better and another I liked worse. Generally, the customer service at the branches on the north side of Denver has been decent, the employees are usually friendly and happy to help. I have only had one major issue with this credit union, and that is that the mobile banking (new site/app) can be unpredictable and has locked me out several times even though I know I had a correct password. On one occasion, this resulted in be being unaware that the bank had used money in my checking account towards a loan without notifying me, resulting in a duplicate payment onto my car loan and many $33 overdraft fees as I had no way of seeing that the account had gone negative/the money had been used due to online banking not working. Despite having direct deposit and regularly depositing money into the account which would have not been negative if not for the bank transferring an entire duplicate amount of my payment from my account, I was treated as irresponsible and felt as though the credit union tried to use a miscommunication as a way to profit off of me. The issue was somewhat resolved with some of the fees being removed from my checking account, but I still ended up paying almost $200 in fees due to errors of the bank and the poor online banking interface. I recognize my own error in the situation of not getting the login issue resolved quickly enough, but it gave me a negative association with this credit union. I am now weary of depositing money into my savings or checking account beyond the amount to pay my car loan because I am not confident that I will have access to it when I need it or that the bank will not misallocate the funds. Overall, I probably would not recommend this particular credit union to others due to their tendency to charge more fees and have unreliable online banking, but still vastly prefer it to other banking options.
Don’T Bother
I’ve been a member for a few years now and have had enough. I deposited 12,000 dollars from another one of my banks to cover my credit card from Public Service Credit Union. They released 500 dollars right away. My check cleared a day later so after 2 days I haven’t received the rest of the funds so I called them up. Their policy is that within another day or two, they would release another 4500 dollars and 5 days after that they would release the rest of the funds. This adds up to 7 business days after my check cleared that they would release the funds. Horrible customer service and even worse policy rules. I called 3 other credit unions and they don’t do anything close to what I’m experiencing with PSCU.
I am leaving PSCU as quickly as I can
Data as of Q2 2018
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 64778 |
| Year Chartered | 1938 |
| Employees | 498 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.97% |
| Return on Equity - YTD | 9.6% |
| Annual Interest Income | $50.4MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2018vs Q2 2017 | $2.40B$2.31B |
| Loans | Q2 2018vs Q2 2017 | $2.06B$1.86B |
| Deposits | Q2 2018vs Q2 2017 | $2.04B$1.88B |
| Equity Capital | Q2 2018vs Q2 2017 | $239.8MM$214.2MM |
| Loan Loss Allowance | Q2 2018vs Q2 2017 | $21.2MM$17.2MM |
| Unbacked Noncurrent Loans | Q2 2018vs Q2 2017 | $13.1MM$11.6MM |
| Real Estate Owned | Q2 2018vs Q2 2017 | $438.00K$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
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 3.25%* | - | $2k | Reverse Tier Savings Account - 1st 5K New Money | ||
| OTHER TIERS: 0.30% → $50k+ | 0.40% → $10k - $50k | 0.75% → $5k - $10k | 1.50% → $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% | - | - | Quarterly IRA | ||
| 0.10% | $5 | - | Savings Account | ||
| 0.10% | - | - | Personalized Share Account | ||
| 0.10% | $5 | - | Business Share | ||
| 0.05% | - | - | Holiday Account | ||
Canvas Credit Union Money Market Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 1.50%* | $100k* | - | Jumbo Money Market Account Promo | ||
| OTHER TIERS: 0.15% → $1k - $100k | |||||
| 1.50%* | $100k* | - | Business Jumbo Money Market | ||
| OTHER TIERS: 0.15% → $1k - $100k | |||||
| 0.45%* | $100k* | - | Money Market Plus | ||
| OTHER TIERS: 0.20% → $10k - $25k | 0.25% → $25k - $50k | 0.35% → $50k - $100k | |||||
| 0.40%* | $100k* | - | Business Money Market | ||
| OTHER TIERS: 0.15% → $1k - $25k | 0.20% → $25k - $50k | 0.30% → $50k - $100k | |||||
| 0.15% | $1k | - | Money Market | ||
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 |
|---|---|---|---|---|
| 2.35% | $1k | - | 23 Month CD | |
| 1.95% | $1k | - | 60 Month CD | |
| 1.50% | $1k | - | 48 Month CD | |
| 1.40% | $1k | - | 36 Month CD | |
| 1.25% | $1k | - | 24 Month CD | |
| 1.15% | $1k | - | 18 Month CD | |
| 1.05% | $1k | - | 12 Month CD | |
| 0.20% | $1k | - | 6 Month CD |
Canvas Credit Union IRA Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 2.05% | $2.5k | - | 60 Month IRA | |
| 1.60% | $2.5k | - | 48 Month IRA | |
| 1.50% | $2.5k | - | 36 Month IRA | |
| 1.35% | $2.5k | - | 24 Month IRA | |
| 1.25% | $2.5k | - | 18 Month IRA | |
| 1.15% | $2.5k | - | 12 Month IRA |
