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Coloramo Federal Credit Union

Popular Accounts at this Credit Union

1.25%5-year CD60 Month Time Certificate
0.30%1-year CD12 Month Time Certificate
0.05%SavingsSecondary Share

Overview / Commentary
516 28 Rd
Grand Junction, CO 81501

Coloramo Federal Credit Union is headquartered in Grand Junction and is the 28th largest credit union in the state of Colorado. It is also the 1,607th largest credit union in the nation. It was established in 1953 and as of December of 2017, it had grown to 32 employees and 9,361 members at 4 locations. Coloramo Federal Credit Union has an A health rating.

Field of Membership Restrictions

Membership is open to those who live, work or attend school in Mesa County.
See current membership details

Reviews (1)

Why I am a member of Coloramo Federal Credit Union

When I moved to the area I knew my family were already members of Coloramo. They had experienced excellent customer service, and the folks who worked at the main branch were very patient and friendly to my father. Dad went down there a lot to ask them what he should do with his money. He had dementia, and they were very patient to answer his questions and help him with his banking. My sister took over his banking, and they put her on the account and helped the transition to a family trust for the checking and savings accounts. When I moved here I was using Bank of America for my bank, but there were no branches here. I opened an savings and checking account at Coloramo in 2005. I have not had any problems with my trusting them to do the right things for me. I transferred my IRA from Fidelity to Coloramo a couple of years ago and put my retirement savings in a 5 year IRA. I feel it is safe, and the money is not going to lose any value from now until the time I retire in 4 years. The $25 you have to leave in your savings account is what they use to run the credit union. I feel it is very reasonable when you consider how many fees commercial banks charge just to have an account with them now days. I will never change banks unless Coloramo goes out of business!

Additional Factors: Institutions with a small asset base, a short operating history, or negative return on assets can represent an instability risk beyond what their financial ratios indicate. Coloramo Federal Credit Union has a relatively low asset base.

Health Grade Components

NCUA #8725
Year Chartered1953
Primary Regulator
Profit Margin
Return on Assets - YTD0.33%
Return on Equity - YTD2.73%
Annual Interest Income$2.7MM
Assets and Liabilities
AssetsQ4 2017vs Q4 2016$98.2MM$92.2MM
LoansQ4 2017vs Q4 2016$45.1MM$30.7MM
DepositsQ4 2017vs Q4 2016$86.1MM$80.4MM
Equity CapitalQ4 2017vs Q4 2016$11.6MM$11.3MM
Loan Loss AllowanceQ4 2017vs Q4 2016$131.00K$158.00K
Unbacked Noncurrent LoansQ4 2017vs Q4 2016$72.00K$77.00K
Real Estate OwnedQ4 2017vs Q4 2016$0$0
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Coloramo Federal Credit Union Savings Account Rates

0.15%--Christmas Club
0.05%$25-Primary Share
0.05%--Secondary Share
0.05%--Variable IRA Share

Coloramo Federal Credit Union Money Market Rates

0.17%*$100k*-Money Management
OTHER TIERS: 0.07% $2,500 - $25k | 0.12% $25k - $100k

Coloramo Federal Credit Union Checking Account Rates

0.01%$1k-Share Draft

Coloramo Federal Credit Union CD Rates

1.25%$1k-60 Month Time Certificate
1.00%$1k-48 Month Time Certificate
0.75%$1k-36 Month Time Certificate
0.50%$1k-24 Month Time Certificate
0.40%$1k-18 Month Time Certificate
0.30%$1k-12 Month Time Certificate
0.20%$1k-6 Month Time Certificate
0.10%$1k-3 Month Time Certificate

Coloramo Federal Credit Union IRA Rates

1.25%$1k-60 Month IRA Certificate
1.00%$1k-48 Month IRA Certificate
0.75%$1k-36 Month IRA Certificate
0.50%$1k-24 Month IRA Certificate
0.40%$1k-18 Month IRA Certificate
0.30%$1k-12 Month IRA Certificate
0.20%$1k-6 Month IRA Certificate
0.10%$1k-3 Month IRA Certificate

Coloramo Federal Credit Union Locations
Branch Office138 S Park SqFruita, CO 81521
Branch Office516 28 RdGrand Junction, CO 81501
Branch Office2706 Highway 50Grand Junction, CO 81503
Branch Office759 Horizon Dr Ste AGrand Junction, CO 81506-8737