Overview / Commentary
303-691-2345
7055 East Evans Avenue
Denver, CO 80224

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 (CO) Adds Reverse Tier Savings Account - 12/18/2017

Public Service Credit Union (CO) has added a Reverse Tier Savings Account that earns 3.25% APY up to $2k. First $5k in deposits must be new money.

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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.

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.

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.

Loved PSC- Now That It's Canvas It's Terrible

Posted by: Annew | Oct 4, 2018

I loved Public Service Credit Union but overnight it became terrible under Canvas. I cannot get ahold of anyone to ask basic questions, and when I went to pay off my vehicle they said it would take 7-10 days to receive the title. It's been almost 1 month and they are saying it was only sent out 2 weeks ago and I'll have to call back (and wait on a 10 minute hold) to go to the DMV... Unacceptable. Customer service was a priority under PSC but now it's just a regular huge bank who doesn't care about it's customers.

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Health

Health Grade Components

Overall
NCUA #64778
Year Chartered1938
Employees498
Primary Regulator
Profit Margin
Return on Assets - YTD0.97%
Return on Equity - YTD9.6%
Annual Interest Income$50.4MM
Assets and Liabilities
AssetsQ2 2018vs Q2 2017$2.40B$2.31B
LoansQ2 2018vs Q2 2017$2.06B$1.86B
DepositsQ2 2018vs Q2 2017$2.04B$1.88B
Equity CapitalQ2 2018vs Q2 2017$239.8MM$214.2MM
Loan Loss AllowanceQ2 2018vs Q2 2017$21.2MM$17.2MM
Unbacked Noncurrent LoansQ2 2018vs Q2 2017$13.1MM$11.6MM
Real Estate OwnedQ2 2018vs Q2 2017$438.00K$438.00K
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
3.25%*-$2kReverse 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

APYMINMAXACCOUNT NAMEVIEW 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

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
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

APYMINMAXACCOUNT NAMEVIEW 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
Locations

Availability



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