Power Credit Union is headquartered in Pueblo and is the 34th largest credit union in the state of Colorado. It is also the 1,700th largest credit union in the nation. It was established in 1938 and as of June of 2023, it had grown to 39 employees and 12,505 members at 4 locations. Power Credit Union's money market rates are 5X the national average, and it has a B+ health rating.
Field of Membership Restrictions
Membership in Power Credit Union is open to anyone through donating $5 to Relay For Life. Membership is also open to residents of the Colorado counties of Chaffee, East Pueblo, Fremont, Las Animas, and the community of Pueblo West.
See current membership details
Little Credit Union With Little Fees
I have been a member of my credit union since I was six months old. Loyalty has its benefits and they have worked with me in good times and bad. I have had major setbacks during the last ten years and they have never put me out of my house or repossessed my vehicles. I have my debit and credit card with them. They know me by name and everyone treats me and my family with respect despite my hardships. I'll never move to a large bank that requires a minimum in my checking and savings accounts and requires me to pay them to hold my money for me. The logic is ridiculous.
Lots Of Fees. Disappointing Service.
Google reviews speak volumes, I should have heeded the warnings. Probably the worse excuse of a bank I’ve experienced. They have never once picked up the phone. It takes 3-4 voicemails followed by email to get a reply.
Fees are taken whenever possible. Not a trustworthy institution based on their service methods.
Data as of Q2 2023
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 64037 |
| Year Chartered | 1938 |
| Employees | 39 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.58% |
| Return on Equity - YTD | 5.59% |
| Annual Interest Income | $2.3MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2023vs Q2 2022 | $115.8MM$126.5MM |
| Loans | Q2 2023vs Q2 2022 | $63.3MM$60.7MM |
| Deposits | Q2 2023vs Q2 2022 | $102.6MM$110.8MM |
| Equity Capital | Q2 2023vs Q2 2022 | $12.3MM$12.0MM |
| Loan Loss Allowance | Q2 2023vs Q2 2022 | $0$211.00K |
| Unbacked Noncurrent Loans | Q2 2023vs Q2 2022 | $292.00K$317.00K |
| Real Estate Owned | Q2 2023vs Q2 2022 | $0$0 |