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Coloramo Credit Union

Overview
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Coloramo Credit Union is a federal credit union based in Grand Junction, Colorado. It has been opened since 1953, for 67 years.

With around $100,500,000 in assets, Coloramo Credit Union is considered to be a large credit union. It has 4 branches and 4 ATM locations.

About
Address 516 28 Road
Grand Junction, Colorado 81501
Website http://www.Coloramo.org
Phone (970) 243-7280
Fax (970) 242-6506
CEO Mike Moyes
President of the Board Keith Larsen
Services Offered
Map
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Score Card
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67 years
Years in business
Opened in 1953
Well Capitalized
Net worth classification
Source: NCUA
9,113 members
Membership type: Unknown
Above average number of members
276:1
Credit union member to staff ratio
276 per each FTE employee
Compared to 411:1 nationally
Tons of staff!
$100,504,891
Total assets
Above average
4 branches
Compared with an average of 4 nationally and 4 in Colorado
Above average number of branches
0.01%
Savings interest rate
Compared to 0.3% nationally
12.40%
Unsecured credit card loan interest rate
Compared to 10.8% nationally
Branches
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4 branches
Compared with an average of 4 nationally and 4 in Colorado
Above average number of branches
Coloramo Credit Union Branch Locations

Coloramo Credit Union: Orchard Mesa
2706 Highway 50
Grand Junction, Colorado 81503
ATM Available
Coloramo Credit Union: Horizon Drive Cfcu Branch
759 Horizon Drive Suite A.
Grand Junction, Colorado 81506
ATM Available
Coloramo Federal Credit Union
516 28 Road
Grand Junction, Colorado 81501
ATM Available
Coloramo Credit Union: Fruita
138 S. Park Square
Fruita, Colorado 81521
ATM Available
Members
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9,113 members
Membership type: Unknown
Above average number of members

With 9,113 members, the Coloramo Credit Union is considered to be a large credit union. It is larger than 69% of credit unions.

Fees
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$140
Average fee per member
The average fee per member at the Coloramo Credit Union is $140, which is very high compared to most credit unions. This rate is higher than 95% of all credit unions.
Fees are higher than average

Credit unions, like banks, charge members various fees, such as overdraft fees, ATM fees, credit card fees, inactivity or dormat account fees, and more.

The average fee per member gives you a general sense of how much you might pay in fees as a member of the Coloramo Credit Union. Some credit unions tend to charge more fees, while others charge less.

Staff
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276:1
Credit union member to staff ratio
276 per each FTE employee
Compared to 411:1 nationally
Tons of staff!
33 staff members
FTE (full-time equivalent)
6% of employees are part-time
32 full-time, 2 part-time

Coloramo Credit Union has 32 full-time staff members and 2 part-time staff members. The staff is predominantly comprised of full-time staff, at approximately 94% of the workforce.

The number of members relative to staff members is an indication of how well staffed the credit union is. Coloramo Credit Union has around 276 members per staff, a very low ratio compared to other credit unions. This is a very well staffed credit union.

Assets
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$100,504,891
Total assets
Above average
Net worth
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Well Capitalized
Net worth classification
Source: NCUA
A well capitalized credit union has a net worth ratio of 7% or greater and also meets applicable risk-based net worth requirements, according to the National Credit Union Administration.
11.9%
Net worth ratio
A higher net worth ratio is better.
Compared to an average of 13.6% nationally

A credit union's net worth ratio is one of the most important metrics you should consider when deciding whether to join a credit union. Why? It's a measure of financial strength

The net worth ratio is equal to a credit union's net worth divided by its assets. According to the National Credit Union Administration, a minimum net worth ratio of 7% is required to be considered to be a well capitalized credit union.

Loans & leases
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$13,450
Average loan and lease size
Loan & lease sizes are bigger than average. They are bigger than at 73% of credit unions.

Coloramo Credit Union holds a total of $55,060,000 in loans and leases, which is about $13,450 per member on average.

Savings interest rate
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0.01%
Savings interest rate
Compared to 0.3% nationally

A credit union share account is an account at a credit union. It's called a share account because the credit union is member owned and as a result, members own shares in the credit union.

A share savings account pays you interest on your savings, similar to a savings account at a bank. The interest you receive can vary. Coloramo Credit Union pays 0.01%.

Loan rates
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12.40%
Unsecured credit card loan interest rate
Compared to 10.8% nationally
10.90%
Unsecured non-credit card loan interest rate
Compared to 11.2% nationally
7.40%
Other secured non-real estate loans and lines of credit interest rate
Compared to 5.3% nationally
Car loan rates
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4.00%
New car loan rate
Compared to 4.0% nationally
6.20%
Used car loan rate
Compared to 5.2% nationally
Mortgage rates
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7.00%
Mortgage rate (secured by junior lien)
Compared to 3.4% nationally
4.25%
Mortgage rate (secured by 1st lien)
Compared to 3.3% nationally
9.25%
Other real estate loan rates
Compared to 0.9% nationally
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