Overview / Commentary
719-539-2968
205 E 3rd St
Salida, CO 81201

Mountain River Credit Union is headquartered in Salida and is the 57th largest credit union in the state of Colorado. It is also the 3,145th largest credit union in the nation. It was established in 1960 and as of June of 2018, it had grown to 9 employees and 3,274 members at 3 locations. Mountain River Credit Union has a C+ health rating.

Field of Membership Restrictions

Membership to Mountain River Credit Union is open to those who live or work in Alamosa, Chaffee, Rio Grande, Lake or western Fremont Counties in Colorado.
See current membership details

Reviews (1)

Why I chose a Credit Union

Posted by: fawnleach | Mar 9, 2018

The main reason I choose to bank at a credit union is the community involvement. My credit union is a local entity concerned with local citizens. If I have an issue, I speak directly to an individual and things get resolved. I live in a small town and I like that I have brick and mortar option. The larger banks do not exist in my town. My credit union also belongs to a Coop so I can get help almost anywhere. All I need to do is find an affiliate and its just as good as my local institution. The only requirement needed to establish is $25 in a savings account. I think that's cool because it invokes financial responsibility. I have all the benefits of a larger institution but I am not just a number. I have a debit card, online banking, and receive my statements via email. I like that because it is environmentally responsible. I will never bank with a bank. Credit Unions all the way!



Health
C+
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. Mountain River Credit Union has a low asset base.

Health Grade Components

Overall
NCUA #63704
Year Chartered1960
Employees9
Primary Regulator
Profit Margin
Return on Assets - YTD0.2%
Return on Equity - YTD2.56%
Annual Interest Income$411.00K
Assets and Liabilities
AssetsQ2 2018vs Q2 2017$24.6MM$25.4MM
LoansQ2 2018vs Q2 2017$12.7MM$12.4MM
DepositsQ2 2018vs Q2 2017$22.6MM$23.5MM
Equity CapitalQ2 2018vs Q2 2017$2.0MM$1.9MM
Loan Loss AllowanceQ2 2018vs Q2 2017$75.00K$83.00K
Unbacked Noncurrent LoansQ2 2018vs Q2 2017$148.00K$432.00K
Real Estate OwnedQ2 2018vs Q2 2017$0$0
Rates
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Always verify rates and promotions with the bank or credit union. We are not Mountain River Credit Union; 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.

Mountain River Credit Union Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.00%$100-Christmas Club Account
0.20%*$100k*-Membership Savings Accounts
OTHER TIERS: 0.05% $100 - $50k | 0.10% $50k - $100k
0.20%*$100k*-Special Savings Accounts
OTHER TIERS: 0.05% $100 - $50k | 0.10% $50k - $100k

Mountain River Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.30%*$100k*-Money Market Account
OTHER TIERS: 0.10% $2k - $50k | 0.20% $50k - $100k
0.30%$2k-IRA Money Market

Mountain River Credit Union Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.10%$500-Checking With Interest

Mountain River Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.21%*$25k*-5 Year CD
OTHER TIERS: 1.00% $500 - $10k | 1.11% $10k - $25k
1.01%*$25k*-4 Year CD
OTHER TIERS: 0.80% $500 - $10k | 0.90% $10k - $25k
0.80%*$25k*-3 Year CD
OTHER TIERS: 0.60% $500 - $10k | 0.70% $10k - $25k
0.60%*$25k*-2 Year CD
OTHER TIERS: 0.40% $500 - $10k | 0.50% $10k - $25k
0.40%*$25k*-1 Year CD
OTHER TIERS: 0.30% $500 - $10k | 0.35% $10k - $25k
0.35%*$25k*-6 Month CD
OTHER TIERS: 0.25% $500 - $10k | 0.30% $10k - $25k

Mountain River Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.21%$500-5 Year IRA
1.01%$500-4 Year IRA
0.80%$500-3 Year IRA
0.60%$500-2 Year IRA
0.40%$500-1 Year IRA
0.35%$500-6 Month IRA
Locations


Mountain River Credit Union Locations
Branch Office2437 Main StAlamosa, CO 81101
Branch Office205 E 3rd StSalida, CO 81201
Branch Office28350 County Road 317 Unit 10Buena Vista, CO 81211-9261

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