Overview
Credit Union of Colorado is a not-for-profit financial cooperative owned by its members. It provides basic banking services and loans with the goal of returning earnings to members through better rates and lower fees rather than profits. It began in 1934 as the Colorado State Employees Credit Union and expanded membership to include broader public sector workers in Colorado, changing its name to Credit Union of Colorado in 2007. It offers mortgage loans early on and obtained NCUSIA insurance in 1978. It now serves over 160,000 members with more than $2.5 billion in assets and runs the Credit Union of Colorado Foundation to support community giving and scholarships. Its mission is “Here to Help,” focusing on member needs and community service rather than shareholder profits.
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Simplify's take
What believers are saying
- Membership grew 6.07% in 2025, far above Callahan's 1.8% national average.
- Loans rose 4.84% to $1.76 billion in 2025, including $197.5 million home financing.
- 82.98% of members recommended the credit union in 2025, supporting referral-driven growth.
What critics are saying
- Net loan charge-offs reached 1.13% in 2025, up from 0.92% last year.
- 2025 net income fell 46% to $13.59 million after the 2024 asset-sale gain.
- Fee increases and Courtesy Pay changes risk member backlash, lower retention, and slower growth.
What makes Credit Union of Colorado unique
- Founded in 1934 for Colorado state employees, still member-owned and public-sector focused.
- 2025 branch remodels added teller pods, pairing cooperative service with modern retail banking.
- The 2025 report shows $2.63 billion in assets and 6.63/7 ease-of-business scores.
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