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Credit Union Of Denver


Overview / Commentary
www.cudenver.com
303-234-1700
9305 W Alameda Ave
Lakewood, CO 80226

Credit Union Of Denver is headquartered in LAKEWOOD and is the 8th largest credit union in the state of Colorado. It is also the 367th largest credit union in the nation. It was established in 1931 and as of March of 2020, it had grown to 134 employees and 64,239 members at 3 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.
See current membership details

Related Posts

Rate Drop As Of 12/1/2019 - 12/11/2019

Interest Rewards Checking 2.96% † First Tier 3.00% Up to $10,000.00 Monthly 0.20% † Second Tier 0.20% $10,000.01 and over Monthly 0.05% *** Interest rate if requirements are not met 0.05% Entire balance Monthly Money Market Accounts 0.11% *** First Tier 0.11% $1,000 - $2,499.99 Monthly 0.20% *** Second Tier 0.20% $2,500 - $9,999.99 Monthly 0.25% *** Third Tier 0.25% $10,000 - $24,999.99 Monthly 0.30% *** Fourth Tier 0.30% $25,000 - $44,999.99 Monthly 0.40% *** Fifth Tier 0.40% $45,000 - $99,999.99 Monthly 0.65% *** Sixth Tier 0.65% $100,000 and over Monthly 0.65% *** First Tier 0.65% $10,000 - $24,999.99 Monthly 0.90% *** Second Tier 0.90% $25,000 - $44,999.99 Monthly 1.15% *** Third Tier 1.15% $45,000 - $99,999.99 Monthly 1.40% *** Fourth Tier 1.40% $100,000 and over Monthly Certificates 0.11% 3 Month Term 0.11% $500 minimum Monthly 0.30% 3 Month Term 0.30% $10,000 minimum Monthly 0.50% 6 Month Term 0.50% $5,000 minimum Monthly 1.25% 1

13-Month "Special" Reduced To 2.23% APR, 2.25% APY on 11/1/2019 - 11/2/2019

Most other rates appear to be unchanged from October. https://www.cudenver.com/wp-content/uploads/2019/10/InvFee_November_2019_TISA.pdf

Rates as of 10/1/2019 - 10/7/2019

Regular CDs 0.11% 3 Month Term 0.11% $500 minimum Monthly 0.30% 3 Month Term 0.30% $10,000 minimum Monthly 0.50% 6 Month Term 0.50% $5,000 minimum Monthly 1.25% 1 Year Term 1.25% $1,000 minimum Monthly 2.38% Special 13 Month Term 2.40% $5,000 minimum Monthly 1.30% 18 Month Term 1.30% $1,000 minimum Monthly 1.49% 2 Year Term 1.50% $1,000 minimum Monthly 1.00% 12 Month Term Starter Certificate 1.00% $25 minimum Monthly 1.25% 24 month Term Starter Certificate 1.25% $25 minimum Monthly 1.74% 2-1/2 Year Term 1.75% $1,000 minimum Monthly 1.99% 4 Year Term 2.00% $1,000 minimum Monthly 2.38% 5 Year Term 2.40% $1,000 minimum Monthly 2.53% 5 Year Term 2.55% $10,000 minimum Monthly Jumbo CDS 0.30% 30 Day Term 0.30% $50,000 minimum Monthly 0.40% 60 Day Term 0.40% $50,000 minimum Monthly 0.50% 90 Day Term 0.50% $50,000 minimum Monthly 0.75% 180 Day Term 0.75% $50,000 minimum Monthly 1.00% 270 Day Term 1.00% $50,000 minimum Monthly 1.49% 1 Year Term 1.50% $50,000 minimum Monthly IRA CDS 0.30%*** D

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Reviews (5)

Local Credit Union with great features

Posted by: |

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!

1

The Downlow on CU Denver

Posted by: |

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.

1

credit union review

Posted by: |

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.

2

Must Be Undesirable Potential Customer

Posted by: |

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.

1

Credit Union Review

Posted by: |

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.

7


Health
A+

Data as of Q1 2020

Learn why bank health matters

Health Grade Components

Overall
NCUA #64342
Year Chartered1931
Employees134
Primary Regulator
Profit Margin
Return on Assets - YTD0.25%
Return on Equity - YTD1.94%
Annual Interest Income$8.5MM
Assets and Liabilities
AssetsQ1 2020vs Q1 2019$914.0MM$824.8MM
LoansQ1 2020vs Q1 2019$527.0MM$503.2MM
DepositsQ1 2020vs Q1 2019$795.4MM$723.5MM
Equity CapitalQ1 2020vs Q1 2019$115.1MM$97.9MM
Loan Loss AllowanceQ1 2020vs Q1 2019$7.4MM$5.8MM
Unbacked Noncurrent LoansQ1 2020vs Q1 2019$4.7MM$3.5MM
Real Estate OwnedQ1 2020vs Q1 2019$0$0
Rates
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Always verify rates and promotions with the bank or credit union. We are not Credit Union Of Denver; 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.

Credit Union Of Denver Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.01%*-$1kYouth Savings Account (Age 0-17)
OTHER TIERS: 0.05% → $1k+
0.50%$5-Holiday Club Account
0.30%*$100k*-Daily Deposit IRA Account
OTHER TIERS: 0.15% → Up to $25k | 0.20% → $25k - $50k | 0.25% → $50k - $100k
0.05%--Prime Share
0.05%--Uniform Transfer to Minors
0.05%--Special Share (Savings) Account
0.05%--Secured Card Share (Savings) Account

Credit Union Of Denver Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.75%*$100k*-High Yield Money Market Account
OTHER TIERS: 0.30% → $10k - $25k | 0.40% → $25k - $45k | 0.50% → $45k - $100k
0.30%*$100k*-Money Market Accounts
OTHER TIERS: 0.05% → $1k - $2.5k | 0.10% → $2.5k - $10k | 0.15% → $10k - $25k | 0.20% → $25k - $45k | 0.25% → $45k - $100k

Credit Union Of Denver Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.00%*-$10kInterest Rewards Checking
OTHER TIERS: 0.20% → $10k+
0.10%$1k-Share Draft (Checking) w/ Interest

Credit Union Of Denver CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.35%*$10k*-5 Year Certificate
OTHER TIERS: 1.25% → $1k - $10k
1.20%$1k-4 Year Certificate
1.15%$5k-13 Month Certificate Special
1.00%$1k-2 1/2 Year Certificate
0.90%$1k-2 Year Certificate
0.90%$50k-1 Year Jumbo Certificate
0.75%$1k-18 Month Certificate
0.75%$25-24 Month Starter Certificate
0.65%$1k-1 Year Certificate
0.65%$50k-270 Day Jumbo Certificate
0.50%$50k-180 Day Jumbo Certificate
0.50%$25-12 Month Starter Certificate
0.35%$5k-6 Month Certificate
0.35%$50k-90 Day Jumbo Certificate
0.25%*$10k*-3 Month Certificate
OTHER TIERS: 0.05% → $500 - $10k
0.25%$50k-60 Day Jumbo Certificate
0.15%$50k-30 Day Jumbo Certificate

Credit Union Of Denver IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.35%$1k-7 Year IRA Certificate
1.25%$1k-5 Year IRA Certificate
1.15%$1k-1 Year IRA Certificate Special
1.00%$1k-2 1/2 Year IRA Certificate
0.35%$1k-6 Month IRA Certificate
Locations


Credit Union Of Denver Locations
Branch Office1 DENVER FEDERAL CTR BUILDING 67 ROOM 100LAKEWOOD, CO 80225
Branch Office9305 W ALAMEDA AVELAKEWOOD, CO 80226
Branch Office900 AURARIA PKWY UNIT 263DENVER, CO 80204-5800

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