membership
What are the membership eligibility criteria for Coloramo Federal Credit Union? Coloramo is a Community Charter, which means we can serve anyone who lives, works, attends school, or has immediate family who qualifies by any of those criteria in Mesa, Delta, Montrose, Gunnison, Ouray, Garfield, Rio Blanco, and Moffat Counties. Unlike other more restrictive credit unions, Coloramo emphasizes inclusivity and supports the local community across multiple counties.
Does Coloramo offer a referral program? Yes! If you have a friend or family member who is looking to find their perfect financial fit, be sure to tell them about Coloramo! When they join and mention your name, you will get a referral bonus deposited into your savings account! Ask us for more details.
Why is Coloramo Federal Credit Union the best choice for banking in Western Colorado? Coloramo FCU offers exceptional customer service, recognized as the Best Credit Union of the West since 2012. We focus on building lifelong relationships through personalized service, modern technology, efficient processes, and a community-centered approach that distinguishes us from larger institutions.
account opening
How do I open an account at Coloramo Federal Credit Union? Opening an account at Coloramo Federal Credit Union is a seamless and quick process that can be completed online. Simply fill out the application form, or stop by a branch to open an account in person. You can also schedule an appointment for a new account here.
How fast can I open an account at a credit union in Western Colorado? An application to join Coloramo Federal Credit Union can be completed in just a few minutes online. Simply visit our website to fill out an easy online application with your Social Security Number, valid ID, and contact details. You may also open an account in person at one of our branches in Western Colorado.
Credit Cards
What types of Visa credit cards does Coloramo Federal Credit Union offer and how are the credit limits determined? Coloramo Federal Credit Union offers three types of Visa credit cards: the Visa Secured Card, the Visa Classic Card, and the Visa Platinum Card. Credit limits for these cards are determined based on factors such as creditworthiness, income, and overall financial health. This personalized approach aligns credit limits with each member's financial situation. For more information on your potential credit limit, contact us directly or visit a branch.
Can applying for a credit card at Coloramo help with establishing or improving my credit? Yes, choosing a Visa credit card from Coloramo can support your financial goals, including establishing or improving your credit.
Can I get a Coloramo FCU Visa credit card with fair credit? Yes, you can obtain a Coloramo Visa credit card with fair credit. Coloramo offers a Visa Secured card for those with a fair credit score, which is typically between 580 and 669. This card requires a security deposit and functions like a standard credit card, making it an excellent tool for building or improving your credit history. With the security of the deposit, this card often comes with favorable interest rates, making it an excellent choice for those seeking competitive terms while improving their creditworthiness. Whether you're on a journey to establish credit or looking to mend a damaged credit history, the Visa Secured card is a great solution that provides a valuable pathway to achieve your financial goals. For more personalized guidance and to understand your options, contact us today!
Where can I apply for a Coloramo Visa credit card? You can apply for a Coloramo Visa credit card online or by visiting one of our branches or by contacting us directly for assistance.
Does Coloramo Federal Credit Union offer a cash back Visa credit card? Yes, Coloramo Federal Credit Union offers a cash back Visa credit card, our Visa Platinum card. The Platinum card comes with No Annual Fee, No Overlimit Fee, Competitive Low Rate, and the ability to Access Platinum Visa card rewards—including cash back—in your online banking! Watch this helpful tutorial to see how to access your rewards.
What's the credit limit on Coloramo FCU Visa credit cards? Credit limits for our cards are determined based on factors like creditworthiness, income, and overall financial situation. For personalized credit limit information, it's best to contact Coloramo directly. We are happy to help!
What fraud protection does Coloramo FCU Visa credit cards offer? Coloramo offers several measures to protect its Visa credit cardholders from fraud. We actively monitor accounts for suspicious activity, and notify members promptly to prevent unauthorized transactions. In the event of fraud or theft, we assist our members by guiding them through the recovery process, including placing fraud alerts with credit bureaus and contacting affected businesses. We also provide information and hold classes on recognizing and avoiding scams, such as phishing emails and fraudulent calls, to help members safeguard their personal and financial information. Learn more.
How do I transfer a credit card balance to Coloramo? Transferring a balance to your Coloramo Visa® Credit Card is simple:
Apply for a Coloramo Visa® online or at any branch (if you don’t already have one).
Choose your transfer method:
Direct Payment: Coloramo pays off your other credit card directly.
Balance Transfer Check: We issue a check from your Coloramo Visa® account, and you use it to pay off your other card.
Confirm your transfer with help from our team to finalize the process quickly and securely.
How long does a balance transfer take with Coloramo? Most balance transfers are completed in 7-10 business days after your application is approved and your request is submitted.
Can I transfer more than one credit card balance to Coloramo? Yes. You can transfer multiple balances to your Coloramo Visa® as long as the combined amount does not exceed your available credit limit.
Does Coloramo charge a fee for balance transfers? No. Coloramo does not charge balance transfer fees, making it easier to save money while paying down debt.
Who can I contact for help with a balance transfer? You can start your transfer or get support by:
Applying online through our website
Visiting any Coloramo branch
Calling our Contact Center for personal assistance
Why should I transfer my credit card balance to Coloramo?
Lower Rates: Coloramo Visa® cards typically offer lower interest rates than most major credit cards.
Local Service: As a community-based credit union, you get friendly, personal support from people who know you.
Simple Process: Apply online, visit a branch, or call us—we make balance transfers quick and stress-free.
online banking
How do I log in to Coloramo Federal Credit Union online banking? To access Coloramo Federal Credit Union's online banking services, follow these steps:
Navigate to Coloramo Federal Credit Union's homepage.
Locate the Login Section: On the homepage, find the "Online Banking" button at the top right corner.
Enter Your Credentials.
Access Your Account: Click the "Login" button to enter your online banking account.
First-Time Users:
Enrollment: If you haven't registered for online banking, click the “Enroll” option on the login page. You'll need to provide personal information to verify your identity and set up your online access.
Mobile Banking:
Mobile App: For convenient access on the go, download the Coloramo Federal Credit Union mobile app:
iOS Devices: Available on the App Store.
Android Devices: Available on the Google Play Store.
App Features: The mobile app allows you to view account details, transfer funds, deposit checks remotely, pay bills, and more.
Assistance:
Member Support: If you encounter any issues or have questions, contact Coloramo Federal Credit Union at (970) 243-7280 or visit a local branch for personalized assistance.
Watch Tutorials: We have several Online Banking tutorials to help you, available on our YouTube channel.
mortgage loans
What are the types of mortgage solutions offered by Coloramo Federal Credit Union? Coloramo offers Conventional Loans, First Mortgage Loans, Home Equity Loans and Lines of Credit, Home Mortgage Refinancing, and Construction Loans.
What support does Coloramo Federal Credit Union offer to first-time homebuyers in Western Colorado? Coloramo Federal Credit Union offers tailored home lending solutions designed to make homeownership more accessible and affordable for first-time homebuyers in Western Colorado. We provide a comprehensive range of mortgage solutions, including first mortgage loans, home equity loans, and refinancing options, with quick turnaround times thanks to in-house underwriting. Additionally, our knowledgeable staff guides members through the home-buying process, offering education and answering questions to ensure informed decision-making. Learn more at our mortgage page.
What features and benefits does Coloramo Federal Credit Union offer for mortgage refinancing in Western Colorado? Coloramo Federal Credit Union provides a comprehensive mortgage refinancing solution designed to meet the needs of homeowners in Western Colorado. As a locally founded and operated credit union, we understand the unique housing and financial goals of our community. Our refinancing process is designed to be fast and efficient, with approvals in as little as 24 hours thanks to our in-house underwriting team. While our rates may not always be the lowest, we focus on delivering value-driven benefits such as:
Flexible loan terms tailored to your budget and long-term goals
No origination fees on select loans
Personalized service from local mortgage professionals who understand the Western Colorado market
A commitment to reinvesting in the community, ensuring competitive rates and financial well-being for our members
By refinancing with Coloramo, you get more than a mortgage; you gain a partner invested in your success and the strength of our local economy.
Auto Loans
What is the process to refinance an auto loan through a credit union in Western Colorado? Refinancing your auto loan with Coloramo Federal Credit Union lets you take advantage of some of the best rates and terms in Western Colorado while enjoying a fast approval process and personalized local service. Whether you want to lower your monthly payment, adjust your loan term (up to 84 months), or simply move your loan to a trusted community lender, Coloramo makes the process straightforward. Members can also benefit from:
Coloramo’s partnerships through CUDL, a network that connects credit unions with auto dealerships, allow members to get their Coloramo loan right there at the dealership.
Loan protection programs like GAP coverage, Major Mechanical, and Credit Life & Disability/Unemployment protections for peace of mind.
Access to Auto Smart tools to research vehicles, compare prices, and calculate payments.