Denver Community Credit Union is headquartered in Denver and is the 12th largest credit union in the state of Colorado. It is also the 742nd largest credit union in the nation. It was established in 1934 and as of September of 2019, it had grown to 89 employees and 31,199 members at 5 locations. Denver Community Credit Union's CD rates are 2X the national average, and it boasts an A+ health rating.
Field of Membership Restrictions
Membership in Denver Community Credit Union is open anyone through joining the Consumers United Association ($25 fee and notarized documents) and to those who live or work in Adams, Arapahoe, Jefferson, and Denver Counties in Colorado.
See current membership details
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Good Customer Service And CD Rates
Even though I don't live in Colorado any longer, I was able to join Denver Community CU based on my father's membership there.
The online membership process was pretty straightforward and smooth, though there was a small issue getting my scanned ID's uploaded properly to Denver CCU. Once I was a member, it took several phone calls to get the proper login credentials for online access.
I transferred some money from a Traditional Rollover IRA and a Roth IRA to IRA 5 year CD's at Denver CCU. The transfer process went smoothly.
CD's at Denver CCU have several features that were appealing to me:
Jumbo CD rates start at $50K instead of the more typical $100K Additional money can be added to CD with terms longer than 36 months in amounts as low as $25 Early withdrawal penalty is only 180 days instead of the more typical 365 days for 5 year CD Denver CCU's IT infrastructure is a bit outdated, but functional. Their website is pretty primitive, but functional. I recommend Denver Community CU to those that can qualify for membership.
I gave Denver CCU only 4 out of 5 start due to their outdated IT infrastructure. The customer service has been 5 star!
Health Grade Components
| Overall | |
|---|---|
| NCUA # | 68616 |
| Year Chartered | 1934 |
| Employees | 89 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.63% |
| Return on Equity - YTD | 4.68% |
| Annual Interest Income | $9.8MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q3 2019vs Q3 2018 | $351.0MM$334.1MM |
| Loans | Q3 2019vs Q3 2018 | $263.2MM$230.8MM |
| Deposits | Q3 2019vs Q3 2018 | $298.4MM$284.7MM |
| Equity Capital | Q3 2019vs Q3 2018 | $46.7MM$44.3MM |
| Loan Loss Allowance | Q3 2019vs Q3 2018 | $1.0MM$1.0MM |
| Unbacked Noncurrent Loans | Q3 2019vs Q3 2018 | $599.00K$143.00K |
| Real Estate Owned | Q3 2019vs Q3 2018 | $0$0 |