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Denver Community CU named 50th Healthiest Credit Union in the U.S. by Depositaccounts.com
DENVER, CO (June 9, 2015) — Denver Community Credit Union has been ranked among the nation’s 200 healthiest credit unions by DepositAccounts.com.
The Birmingham, Ala.-based site, which tracks bank and credit union account interest rates nationwide, ranked Denver Community Credit Union 50th in its second annual listing of the healthiest banks and credit unions. The rankings are based on an institution’s level of problem loans, improvement in those levels, deposit growth and capital reserves.
Denver Community began in 1934 when ten employees of the City of Denver established ownership and began providing financial services. Since then, the credit union has grown to $269 million in assets and its net worth ratio increased to 14% in 2014. DepositAccounts.com gave Denver Community A+ rankings for a strong balance sheet, deposit growth and an excellent capitalization level.
“This type of ranking by an independent third-party helps when potential members are evaluating their options,” said Carla Hedrick, President of Denver Community Credit Union. “It also gives our current members confidence in us. Every day, we strive to provide the best possible service offerings for our members, and this ranking helps validate our efforts to be a healthy financial institution are working.”
To see the entire list, go to www.depositaccounts.com/banks/health.aspx#healthiest.
About Denver Community Credit Union
Since 1934, Denver Community Credit Union has been making a difference in members’ lives by providing financial opportunity. Anyone who lives or works in Adams, Arapahoe, or Denver Counties is welcome to become a member. We serve our communities with quality loans with low rates, and savings and checking products that help members effectively manage their money. Our staff provides top level service by focusing on finding solutions that help members reach further to achieve their financial goals. The credit union also positively impacts members and communities with the award-winning Clear Money Program; a financial education program. Learn more at https://www.denvercommunity.coop/
About DepositAccounts.com
DepositAccounts.com covers all 14,000 federally insured banks and credit unions and utilizes a patented technology to track more than 275,000 consumer deposit rates, each updated nightly. The site also features more than 10,000 editorial articles detailing creative depository strategies and highlighting current bank rates and offers. It is also home to one of the largest communities of depositors on the Web, hosting more than 90,000 comments, customer reviews and forum threads.