Credit Union of Colorado is headquartered in Denver and is the 5th largest credit union in the state of Colorado. It is also the 178th largest credit union in the nation. It was established in 1934 and as of March of 2022, it had grown to 362 employees and 149,301 members at 18 locations. Credit Union of Colorado has an A health rating.
Membership in Credit Union of Colorado is open to all Colorado residents by joining the Credit Union of Colorado Foundation ($10 donation). Membership is also open to employees (current or retired) of Colorado State government, Colorado school districts, Colorado colleges/universities, or Colorado city/town/county governments.
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My husband and I used to have checking accounts, a savings account, and a car loan through CUofCO and we had the best experience with them! It was very easy to bank with them from having a location close to our home, having fees waived for ATM usage even if it wasn't their machine, online recurring payments for our auto loan, and a drive up teller that made banking very easy. The tellers were always very pleasant and helpful, and I never had a single complaint during our time banking with them. The only problem was that we moved several states away (nearly 5 years ago), and were unable to keep our accounts open as we did not want to move all of our banking to an online platform. Also, at the time, their online platform was not very advanced, though I am sure it is much more robust by now. Do not hesitate to give them your business - you won't regret it!
I have been a member of this credit union for 30 years. They have always treated me with dignity and respect. They have all the entities of the large banks , without all the hassle. There have been a few glitches in the past, but too few to hold against them. I have checking and savings accounts.
Switching to local bank was one of the best decisions I have made in regards to banking. I was always under the impression that the big banks had better service and products because they were bigger and thus could provide cheaper and better products to more people due to economies of scale. After I started using Credit Union of Colorado I was pleasantly surprised in finding out that I had been thinking wrong the whole time! Upon sign up I was given two day passes to Loveland Ski Resort, valid all season. This was great as I have many friends who visit that resort and I was now able to join them! The savings account requires $25 down payment and a $10 donation to the fund, but it is a not-for-profit bank so I do no feel ripped off. Transaction fees for the checking account are extremely low and their network of ATMs is far reaching. They also have many more branches, that are convenient to locate compared to some of the 'big banks'. I highly recommend Credit Union of Colorado to any one who resides in Colorado.
When I recently moved out to colorado, I was faced with a problem. The bank that I had in missouri was not represented well in denver. Therefore, I recently opened up an account with the credit union of colorado. Opening the account was easy. There was no major paperwork to fill out and I had my account in less than 30 minutes. So far my experience with them is a good one. The thing I most care about when working with financial institutions is that I am not constantly aware of their existence. They don't bother me with phone calls, or institute wild fees for things like over drafting. They do what they are supposed to do and any time I have a question, I can call or go online and have it answered immediately. I would definitely recommend these guys to anyone looking for a credit union in colorado.
I have been banking with the Credit Union of Colorado for about 8 years now and they have always been excellent. They have plenty of convenient locations in and around the Denver area. Whenever I have gone in they are always friendly and super helpful. I have never had to pay for any banking fees while I have had accounts there. I have also never had to have a lot of money in my accounts, which has been important since I am a stay at home mom and don't always have much in my own account. I also don't have to have a constant direct deposit going in. When I had a problem with an account at a previous financial institution I pulled all my money from that one and put it in at the Credit Union. The only issue I currently have is that their website can never seem to remember my computer so I always have to answer security questions. I suppose I should feel fine about that since it means added security. The locations even have toys for my kids to play with while I take care of my banking needs. This was important last time as my kids were running around and kind of everywhere, but they just got them some stuff to play with and weren't judgmental or rude to me. Overall I hope to be a lifetime member of this credit union.
I am a retired public school teacher and have been a member of the Credit Union of Colorado for the past 10 years. I have an online savings account with them currently and use to have both a savings and checking account. Overall I have been pleased with the accounts as it is very convenient to do business online. The fees are very affordable with my savings account and I do not have a lot of rules as to how much money I must keep in the account. My issues have been with online technical issues. It is sometime difficult to log in or the site it seems to be down for maintenance too much for my liking. The customer service has been disappointing. I have had issue transferring money from one account to the other. When you try to contact them it is a long wait and you get logged out quite often. I took my checking account to a local bank by my residence, so if I do have an issue and cannot get a hold of them by phone or internet I can go in person to deal with the problem . I keep the savings account for the good fees at this point. Overall I have mixed reviews with this banking institution.
|Return on Assets - YTD||0.26%|
|Return on Equity - YTD||2.93%|
|Annual Interest Income||$13.9MM|
|Assets and Liabilities|
|Assets||Q1 2022vs Q1 2021||$2.37B$2.14B|
|Loans||Q1 2022vs Q1 2021||$1.28B$1.17B|
|Deposits||Q1 2022vs Q1 2021||$2.14B$1.91B|
|Equity Capital||Q1 2022vs Q1 2021||$204.8MM$205.4MM|
|Loan Loss Allowance||Q1 2022vs Q1 2021||$2.1MM$5.8MM|
|Unbacked Noncurrent Loans||Q1 2022vs Q1 2021||$3.8MM$965.00K|
|Real Estate Owned||Q1 2022vs Q1 2021||$0$0|
Rates for Credit Union of Colorado are currently being reviewed.