FAQs

Q: Is Coloramo new? I haven’t heard of them before 2002?

A: Coloramo was founded in June 1953 here in Grand Junction. Up until 2002 we served only federal agency employees and select employee groups. We applied to convert to a Community Charter and we have been able to serve all Mesa County residents since 2002.

Q: What does Coloramo stand for? Is that a typo?

A: Coloramo is NOT a typo! Coloramo is an acronym for Colorado Raw Materials Office. A group of Department of Energy employees working in the Atomic Energy Commission Compound founded Coloramo in 1953. They were members of the Coloramo Social Club and hence, the name!

Q: Is Coloramo locally owned?

A: Coloramo started in Grand Junction and is owned by its members, most of whom live and work here! So, yes, Coloramo is locally owned!

Q: How are credit unions different than other financial institutions?

A: We are a not-for-profit, member-owned financial cooperative. We offer a better value to our members because we don’t create fees to make a profit for stockholders. It’s the members’ money! We are the stewards of their money. The members ARE the owners…why charge yourself more than the cost of a service?

Every Coloramo member has an equal share in the credit union. The members vote for the volunteer Board of Directors. The Board of Directors are not some group of high paid executives who just want to see their stock go up. A credit union’s Board does this voluntarily because they are passionate about the credit union movement and philosophy of ‘People Helping People.'

We offer higher insured savings rates than most banks.

We offer lower loan rates than most banks.

We offer lower fees than most banks.

Membership Drive - as a member, earn $5 for every new member you refer who joins!

Services Offered to our Members:

See a member service representative for further information about any of these products and services.  Or call us at 970-243-7280.

Address: 516 28 Road, Grand Junction , Colorado 81501
Phone: 1-970-243-7280 or 1-800-285-6490 | Fax: 1-970-242-6506
Routing #: 302176580
Equal Housing LenderNational Credit Union Administration
NCUA - Your savings federally insured to at least $250,000 and backed by the full faith and credit of the United States Government. National Credit Union Administration, a U.S. Government agency. Equal Housing Lender - We do business in accordance with the Fair Housing Law and Equal Opportunity Credit Act