Credit Union of Colorado

On September 9, 2021, we reduced our membership requirement to $5. Credit Union of Colorado bylaws and the Federal Credit Union Act require funding of a membership account to become a credit union member. The money belongs to each member, but it is not available for use.

Credit Union of Colorado maintains these funds for each member in a separate non-transactional account. The reasons for the separate account are threefold:

1. To help members avoid overdrawing their accounts and incur additional charges.
2. To be transparent and minimize confusion about account balances.
3. To allow anyone to join Credit Union of Colorado without requiring a savings account.

The required membership balance of $5.00 is displayed alongside your other accounts on electronic and paper statements.