Refer a Friend Promotion
What is the Refer a Friend promotion? If you love being a Coloramo member, why not share it and get rewarded? When you refer a friend to Coloramo Federal Credit Union, both you and your friend can earn cash rewards—up to $125 for current members and up to $225 for new members!
How do I refer a friend? It’s easy! Just grab a referral card at any Coloramo branch and have your friend mention your name when they open their new account. Your friend can open their account in person, or online using promo code FRIEND2025.
How much can I earn? As the referring member, you can earn up to $125:
Instant $25: When your friend opens a new account and mentions your name.
Extra $100: When your friend meets the account requirements within 90 days.
How much can my friend earn? Your friend can earn up to $225:
$25 at account opening.
$200 after meeting the account requirements within 90 days.
What are the account requirements for the extra cash reward? Within the first 90 days of opening their account, your friend must:
Keep their new account open for 90 days.
Make two direct deposits or payroll checks of $500+ each.
Make five or more debit card transactions.
(Need help setting up direct deposit? Click here for the direct deposit form.)
Who can I refer? You can refer friends, family members, coworkers, neighbors, you name it! Anyone who is eligible to join Coloramo and open a new account. Existing Coloramo accounts do not qualify as “new accounts” for this promotion.
When will I receive my reward? You’ll receive your instant $25 when your friend opens their account and mentions your name. The extra $100 will be credited once your friend meets all the account requirements within 90 days.
How long is this promotion running? The Refer a Friend promotion runs through December 31, 2025—so don’t wait to share Coloramo with your friends and family!
Are there any restrictions or fine print? Terms and conditions may apply. This offer can expire or change at any time. Please call us or stop by a branch if you have any questions.
Why share Coloramo with people I know? Coloramo has been serving Western Colorado for more than 70 years, offering personalized service, local decision-making, and financial education that helps members thrive. When you refer someone, you’re not just helping them open an account, you’re helping them connect with a local financial partner that knows the community.
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.
Where are Coloramo Federal Credit Union branch locations and ATMs? Coloramo FCU’s branches are located in Grand Junction, Fruita, and Orchard Mesa at the addresses below:
516 28 Rd, Grand Junction, CO 81501
333 W. Aspen Ave, Frutia, CO 81521
2706 Hwy 50, Grand Junction, CO 81503
These branches are open from 8:30 am – 5:30 pm Monday through Friday, and 9:00 am – 1:00 pm on Saturdays.
In addition to our branch location ATMs, Coloramo also provides you access to more than 30,000 surcharge-free ATMs around the country, MORE SURCHARGE-FREE ATMS THAN ANY BANK IN AMERICA. Use the ATM Locator feature here or within your online banking portal, text a zip code to 91989, call (888) 748-3266, or simply look for the CO-OP logo on an ATM. Watch the ATM locator tutorial here.
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.
Direct Deposit
How do I set up direct deposit with Coloramo Federal Credit Union? Fill out your employer’s direct deposit form (or use Coloramo’s Direct Deposit Authorization Form), include Coloramo’s routing number (302173972) and your account number, then submit it to your employer.
How long does it take for direct deposit to start? Direct deposit usually begins within 1-2 pay cycles after your employer processes the form.
What are the benefits of using direct deposit at Coloramo? You get faster access to your money, greater security, and the convenience of automatic deposits for paychecks, Social Security, or other recurring income.
Does Coloramo offer rewards for setting up direct deposit? Yes! New members can earn up to $225 in rewards by setting up qualifying direct deposits and completing five debit card transactions. *This offer can expire at any time and terms and conditions may apply. Ask a Coloramo team member for all the details!
Can Coloramo help me if I have questions about direct deposit? Yes. Visit any branch or call us for help filling out forms, getting a temporary check, or setting up automatic transfers to savings or loan accounts.
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, by visiting one of our branches or by contacting us directly for assistance. You do not need to be a member of Coloramo FCU to apply for a Visa credit card.
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. Cash back rates are subject to change. Coloramo’s Visa Classic Credit Card does not offer any rewards programs at this time.
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.
When applying for a Platinum Credit Card, is the joint applicant automatically included, or do they need to apply separately? It’s up to you. You can apply for a joint credit card, where both applicants are considered during the approval process and share responsibility for the account. Or, you can apply for an individual card, where only one person is approved to use the card and the decision is based solely on their income and credit history.
How do I find the latest Coloramo Visa Credit Card rates? Please visit our rates page to view our current loan rates.
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.
home 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.
Why is Coloramo Federal Credit Union the best choice for first-time homebuyers? Coloramo has been voted the Best Credit Union of the West by The Daily Sentinel readers since 2012. With local expertise, affordable mortgage options, and personalized service, Coloramo helps first-time buyers in Western Colorado move from renting to owning with confidence.
What types of mortgage options does Coloramo offer for first-time buyers? Coloramo provides flexible conventional mortgages and refinancing solutions, making it easier for new buyers to find a loan that fits their financial goals. See a complete list of Mortgage FAQs here.
How fast can I get approved for a mortgage at Coloramo? Thanks to in-house underwriting, Coloramo offers fast approvals within 24 hours, helping first-time buyers secure their dream home quickly.
How does Coloramo FCU determine loan rates? Every two weeks, Coloramo’s Pricing Committee, made up of team members from across the credit union, meets to review and discuss our loan rates. During these meetings, we carefully consider member feedback, local market comparisons, and economic trends to ensure we’re offering the best possible value to our members and our community. After each meeting, any rate updates are made the following Monday, keeping our loan and credit card rates current, competitive, and aligned with Coloramo’s commitment to quality service and financial well-being. View our current rates here.
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. 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.
HOLIDAY SEASON AT COLORAMO
What special offers is Coloramo FCU running during the holiday season? From now through January 31, 2026, Coloramo is offering several ways to help members enjoy the holidays without extra financial stress:
Holiday Skip-A-Pay: Skip one eligible loan payment between November and January to free up room in your budget. Learn more.
Spend & Score Sweepstakes: Every qualifying debit or credit card purchase in November and December is an automatic entry to win $500. Learn more.
Visa Platinum Credit Card: Low rates, no annual fee, flexible rewards for everyday spending during the holidays. Learn more.
Refer-A-Friend: Earn cash rewards (up to $125 for you and up to $225 for your friend) when you share Coloramo with someone you trust. Learn more.
2. Why does Coloramo offer these holiday programs? The holidays can stretch any family’s budget. Coloramo’s goal has always been to support the financial well-being of our Western Colorado community, especially during high-pressure months. These programs are meant to:
Give members flexibility when money feels tight
Put cash back into the hands of local families
Encourage local spending that strengthens the community
Reward members for choosing Coloramo as their financial partner
Coloramo is member-owned, so holiday-season promotions are built around what real members need and on our commitment to our community.
3. Are these promotions connected to each other? Yes, in spirit. All four holiday-season offerings were created around the same theme: Supporting Western Colorado families with practical, local financial help during the holidays. You can use each promo separately or combine them—for example:
Use Skip-A-Pay to free up cash
Use your Coloramo card for holiday purchases and earn entries for $500
Upgrade to the Visa Platinum Card for rewards and low rates
Refer a friend and earn holiday cash together
Everything is designed to support you from November through January!
4. Who can participate in the holiday promotions? Most offers are open to Coloramo members in good standing, meaning:
No delinquent loans
No charged-off accounts
No extended negative/overdrawn accounts
Eligibility based on the specific program’s terms
New members can participate as well, especially in Refer-A-Friend, the Visa Platinum Card, and the Sweepstakes.
5. How do these promotions support the Western Colorado community? These programs help families manage real financial pressures, but they also create positive economic ripple effects:
Skip-A-Pay frees up dollars that families can spend locally.
The Sweepstakes encourages using a local card, which keeps money circulating in Western Colorado.
The Visa Platinum Card rewards members for supporting local shops and businesses.
Refer-A-Friend grows a cooperative where every new member strengthens the entire community.
Coloramo reinvests earnings back into members, not shareholders, so participating in these offers helps build a healthier financial ecosystem for everyone in the region.
Spend & Score Sweepstakes
What is the Spend & Score Sweepstakes? The Sweepstakes is a monthly drawing in which eligible cardholders of Coloramo FCU’s Visa debit or credit card are automatically entered each time they swipe. Each qualifying swipe earns one entry. No additional signup is required. Learn more on our Sweepstakes page.
Do I need to make a purchase to enter? No. No purchase or payment of any kind is necessary to enter or win. A purchase will not increase your chances of winning.
Who is eligible to enter the Sweepstakes? To be eligible, you must:
Be a member in good standing with Coloramo FCU (no delinquent/charged-off accounts, no overdrawn accounts for more than 15 days, no other account restrictions).
Hold a share draft (checking) account with Coloramo FCU.
Possess a valid debit or credit card issued by Coloramo FCU.
Be at least 18 years of age.
Consent to the use of their name and photograph for promotional purposes if selected.
Additionally, employees of Coloramo FCU, its Board Members, Supervisory Committee Members, and their immediate family members are not eligible to participate or win.
How do I enter the Sweepstakes? There are two entry methods:
Automatic Entry: Each qualifying debit or credit card transaction during a monthly entry period earns one entry.
Mail-in Entry (no transaction required): To enter without a purchase, you can mail a 3 × 5 inch card with your name, Coloramo account number, phone number (with area code), date of birth, email address, date, signature, and the month of entry noted — along with the description “Coloramo Spend and Score Sweepstakes, Free to Enter.” Only one entry per envelope. Mail must be postmarked by the last day of the month and received within five days after month-end. Mail to: Coloramo FCU, 516 28 Road, Grand Junction, CO 81501, Attn: Marketing Department.
What are the entry periods and how often are winners selected? The Promotion Period runs from May 1 2025 at 12:00 AM MST through December 31 2025 at 11:59 PM MST.
Entry periods and drawings are monthly for the months: May, June, July, August, November, December 2025. One winner per eligible month will be selected. Entries are only eligible for the drawing in the month they are received; non-winning entries do not roll over to the next month.What is the prize? For each eligible month listed, one winner will receive a prize of $500. A total of six (6) prizes will be awarded across the Promotion Period (i.e., six $500 prizes, totaling approximately $3,000). Prizes are non‐transferable, cannot be exchanged for cash alternatives, and are delivered via direct deposit to the winner’s Coloramo FCU account. Winners’ names and photographs may be used by Coloramo FCU for promotional purposes. The prize is taxable income; the winner is responsible for reporting it, and a 1099 form will be issued by Coloramo FCU.
What are the odds of winning? Odds of winning depend on the total number of eligible entries received during the respective monthly entry period. Entries received via mail have the same chance as automatic entries.
How and when is the winner selected and notified? One winner is randomly selected each month from all eligible entries during that month’s entry period. Drawings are conducted on or about the 15th business day of the following month. Winners will be notified via the email or phone number on file with their account and must respond within 10 days to claim the prize. If a winner cannot be contacted or fails to respond, an alternate winner may be selected.
What conditions apply when I participate? Participation means you agree to:
Comply with all Sweepstakes rules and decisions made by Coloramo FCU.
Allow Coloramo FCU to use your name, photograph, likeness for promotional purposes without additional compensation (unless prohibited by law).
Release and hold harmless Coloramo FCU, its employees, board members, affiliates, and other Sweepstakes Entities from liability arising from participation or acceptance/use of the prize.
Agree entries made by automated means, bots, brute-force, or automated entry devices are strictly prohibited and will be disqualified.
Accept that the Sweepstakes may be void where prohibited by law, subject to change, modification or cancellation by Coloramo FCU without notice.
How is my personal information handled if I enter? Personal information collected during the promotion will be used for administering the Sweepstakes and contacting winners. Participants may be automatically enrolled in marketing communications unless they opt out. Personal data is handled per Coloramo FCU’s privacy policy and will not be shared with third parties without consent. Account number entry is only used for verification; your full financial information is never requested as part of entry.
Who is sponsoring the Sweepstakes? The Sweepstakes is sponsored solely by Coloramo FCU, located at 516 28 Road, Grand Junction, CO 81501.
holiday skip-a-pay
Does Coloramo offer a Holiday Skip-A-Pay this year? Yes. Coloramo’s Holiday Skip-A-Pay lets eligible members skip one loan payment between November 1, 2025 and January 31, 2026. It’s designed to give you a little extra breathing room in your budget during the holiday season. Other terms and conditions apply.
How does Holiday Skip-A-Pay put extra cash in my pocket? When your Skip-A-Pay request is approved, you don’t make your regular loan payment for that month, so you can use that money for gifts, travel, or year-end expenses. Your loan remains in good standing as long as you follow the Skip-A-Pay terms.
Which loans can I use Holiday Skip-A-Pay on? Eligibility depends on your specific loan and account status. Many members use Skip-A-Pay on everyday loans like vehicle or personal loans, but not every loan type will automatically qualify. When you submit your request, we’ll confirm which of your loans are eligible and outline any exclusions.
Who is eligible for Holiday Skip-A-Pay? In general, you must:
Be a Coloramo member in good standing
Have an eligible loan that is current (not past due)
Meet any additional requirements listed in the Holiday Skip-A-Pay terms
Final approval is based on a review of your loan and account.
When is the deadline to request Holiday Skip-A-Pay? Your request must be received at least one week (7 days) before your loan payment due date. Example: If your payment is due on December 15, your Skip-A-Pay request should be submitted no later than December 8.
How do I request a Holiday Skip-A-Pay? You can typically request Holiday Skip-A-Pay by:
Completing a Skip-A-Pay form online or in-branch
Confirming which loan you’d like to skip
Reviewing and signing the Holiday Skip-A-Pay terms and conditions
Does interest still accrue when I skip a payment? Yes. Interest may continue to accrue on your loan balance during the month you skip a payment. That can affect your total finance charges and/or extend the time it takes to pay off your loan. The exact impact will be explained in your Skip-A-Pay agreement.
Will Holiday Skip-A-Pay hurt my credit? When you’re approved and follow the program terms, the skipped payment is treated as part of your loan agreement, not as a late payment. Coloramo reports based on how your account is managed under the program. If you have questions about your specific situation, talk with a Coloramo team member.
Can I use Holiday Skip-A-Pay more than once? Holiday Skip-A-Pay is a limited-time offer from November 1, 2025 through January 31, 2026, and may only be used on eligible loans according to the program rules. Loans may be limited to one skipped payment during the promotion. See the full terms or speak with a team member for details.