The Elevations Difference
If you love where you live, it matters where you bank.
Elevations Credit Union is a member-owned not-for-profit financial institution serving more than 110,000 members along Colorado’s Front Range. Founded in 1953 as the University of Colorado Federal Credit Union in Boulder, we’ve grown from 12 members and less than $100 in assets to an institution that manages over $1.5 billion in assets and is the No. 1 credit union mortgage lender in Colorado.
As a credit union, Elevations is a cooperative financial institution, owned and controlled by the people who use and benefit from the products and services. The credit union difference is evident in many ways including Board members who are elected from the membership to direct credit unions on behalf of the other members.
The philosophy of all credit unions is "people helping people." Each member is an equal owner, regardless of how much money he or she has invested with the credit union. As owners, members help each other meet their financial goals by providing a safe, convenient place for members to save money, get loans at reasonable rates, and receive honest, factual information to help them make better life decisions
As Elevations has grown over the last 60 years, the spirit of cooperation has developed into a culture of belonging. This sense of belonging is evident in the way we actively participate in the global credit union movement and take a leadership role in the communities where we do business.
Supporting Adams, Boulder, Broomfield, Denver, Jefferson, Larimer and Weld Counties, together our members are working every day to help each other achieve their financial goals and improve their lives. In addition the Elevations Foundation was established to be the official charitable arm of the credit union.
Elevations Credit Union has made a commitment to move away from a product-centered business model and focus the way we do business on creating consumer solutions. Our objective is to provide our members, as well as the entire community, with a resource that offers unbiased consumer information.
We provide a broad portfolio of financial products and service including checking and savings accounts, mortgage loans, credit cards, auto loans, home equity lines of credit, student loans, business loans and financial planning.
We have 11 branch locations along with a nationwide network of CO-OP ATMs and shared branches. Our mobile banking, online banking, and free bill pay, allows members to stay close to their money no matter where they live or where they're traveling.
In 2014, our team earned the prestigious Malcolm Baldrige National Quality Award, and readers of local newspapers name us “Best Bank/Financial Institution,” “Best Mortgage Lender” and “Best Customer Service” year after year. We are a leader in the communities we serve and an employer that over 380 people are proud to work for.
Elevations Credit Union Green Policy Statement
Elevations Credit Union is committed to minimizing the impact of our activities on the environment and promoting the understanding of sustainability through your Credit Union. We will seek ways to reduce our environmental impact by reducing waste and utilities usage by implementing enhanced recycling programs, green cleaning programs and utilize recycled materials whenever possible.
Our green policy is consistent with our commitment to responsible corporate citizenship and best management practices. We endeavor to educate and encourage our staff and membership to adopt environmentally responsible practices. In partnership with Eco-Cycle, Xcel Energy, Boulder Green Buildings Guild, and the Climate Smart Program, we will continually seek ways to implement best practices as outlined by the U.S. Green Buildings Council and all relevant environmental legislation.
Credit Unions Are Different
Early in the history of credit unions, the U.S. attorney general declared state-chartered credit unions exempt from federal income taxes because they were “organized and operated for mutual purposes (in which an organization’s members share in the profits and expenses) and without profits.” Later on, in the 1930s, legislators passed a law to exempt federally chartered credit unions from federal income tax for the same reason. Today, legislators continue to maintain that status because credit unions, while growing and changing, still operate in this unique way.
Credit unions' boards of directors serve as unpaid volunteers, elected by members. Credit unions return all excess income to members, in the form of higher deposit rates, lower loan rates, and lower fees. Credit unions don't need to create profits to pay stockholders, as do banks.