Credit Union Of Denver is headquartered in LAKEWOOD and is the 8th largest credit union in the state of Colorado. It is also the 370th largest credit union in the nation. It was established in 1931 and as of June of 2020, it had grown to 134 employees and 64,704 members at 2 locations. Credit Union Of Denver's money market rates are 70% higher than the national average, and it boasts an A+ health rating.
Field of Membership Restrictions
Membership in the Credit Union of Denver is open to anyone through joining the Consumers United Association ($5 membership fee). Membership is also open to those who live or work in Adams, Boulder, Arapahoe, Denver, Douglas, or Jefferson Counties in Colorado or are employees of U.S. government agencies or over 200 Select Employer Groups.
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Local Credit Union with great features
I absolutely love banking with Credit Union of Denver. They process my transactions quickly and their mobile banking has all the features I need. They have a huge network of ATMs to utilize and the lack of fees makes it easy to go grab money without worrying about what ATM I'm withdrawing from. They offer great cash back rewards for users and they are always growing their offers. They offer great rates on loans for members as well as discounted insurance and other financial services available. Any time I have to talk to a customer service rep they are always cordial and try their best to help the customer at all costs. I would definitely recommend Credit Union of Denver to my friends and family. They're great!
The Downlow on CU Denver
I've been using Credit Union Denver for almost a year now and wouldn't consider switching anytime soon. They're just easy to use! I opened a checking and savings account with them, however I haven't used the savings account much. That being said, operating my checking account is breeze. It's easy to login, although there is a good amount of security, so I feel like my account is protected. Checking my balance and transactions is easy! The only downside is the online portal doesn't show exact times that transactions took place. You have to generate a statement to see such things. That's really the only downside. They even offer lots of cashback rewards for local businesses as well as chains, such as Chili's. It's really nice because it makes it easier for me to choose where I'm going to spend at. You can load as many rewards as you want and they are constantly changing. Overall, CUDenver does what I need it to do, but there's a few QoL improvements they could make.
credit union review
I've been with this credit union for a while. I use their app for deposits and bills pays, but I find hit kind of a pain. I can't do any deposits or bill pays on the weekends or holidays, which really puts a difficulty on paying bills. I have to plan a week in advance for paying something that is not within my regular pay cycle if a holiday falls within when the bill is due.
Must Be Undesirable Potential Customer
Since my monster mutual fund company is not able to obtain competitive brokered CD's at this time, I wanted to transfer my IRA's to Credit Union of Denver.
The email I sent to the CU was promptly and courteously answered saying that a certain person would call me. They never did so I called them and asked for a callback. Never received one.
Emailed the initial contact person and she said a second person would call me. Never did. Sent the second person an email which was never answered. So, good CD rates; but unobtainable at least to me.
Credit Union Review
I tried to open up their 13-month CD online. Filled out the application and was instructed to wait until I was contacted by them. I waited 5 days, but no one did. I finally called to follow up and was informed my application was declined because they made 3 or more inquiries into my credit history, which is "over the limit." I sought further clarification on what that meant, but the representative couldn't offer any more information. I explained I had recently applied for and was accepted for opening other CDs at other banks/FCUs, but she said that was their policy. I have never experienced this before. It was very odd.
So I will deposit my funds elsewhere.
Data as of Q2 2020
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 64342 |
| Year Chartered | 1931 |
| Employees | 134 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.52% |
| Return on Equity - YTD | 4.19% |
| Annual Interest Income | $16.7MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2020vs Q2 2019 | $969.9MM$832.1MM |
| Loans | Q2 2020vs Q2 2019 | $526.1MM$515.1MM |
| Deposits | Q2 2020vs Q2 2019 | $850.1MM$726.2MM |
| Equity Capital | Q2 2020vs Q2 2019 | $116.6MM$102.4MM |
| Loan Loss Allowance | Q2 2020vs Q2 2019 | $7.6MM$6.0MM |
| Unbacked Noncurrent Loans | Q2 2020vs Q2 2019 | $3.6MM$4.0MM |
| Real Estate Owned | Q2 2020vs Q2 2019 | $0$0 |