Credit unions in Colorado

Credit union: In the state of Colorado, there are 81 credit unions operating 300 active branches for their members. Over two million Colorado residents are members of credit unions. This is close to 1/3 of the state’s total population. The state boasts more residents in cooperatives than other states larger in size. The largest credit union in the state, Ent Credit Union has over 365,000 members and almost 6 billion in assets. Ent has been in operation since 1957. They offer a full range of products to their members.

In Colorado, there are several cooperatives who offer membership to certain professions, such as teachers or law enforcement. There are also several in the state that offer membership based on where you live. Parts of Colorado are difficult to access because of the state’s mountainous terrain. These credit unions offering membership based on geography are in line with the original purpose credit unions were formed.  

Car insurance: Car insurance in the state is slightly more expensive than the national average, but not by much. Rates for drivers in the state are not quite a full percentage point higher than that average. Like most states, it is the law that drivers pay premiums and hold an insurance plan. A driver in the state must obtain coverage for at least $15,000 in property damage liability and $25,000 bodily injury per person accident coverage. 

Ent Credit Union has its own insurance group, so their members can utilize this service to obtain auto coverage. Very few other cooperatives offer their own plans to their members. Most have partnered with reputable auto insurance agencies to offer plans at discounted rates to their members.  

It is always worth checking to see what your credit union has to offer in the area of auto insurance. If there is a chance to get a comparable plan at a lower rate, take advantage of that perk of credit union membership!