Colorado Federal Savings Bank provides mortgage and deposit services in the Denver area and has one the highest capital ratios in the banking industry.
Colorado Federal Savings Bank provides mortgage loan and deposit account services online and from its home location in Greenwood Village, Colorado. The bank is an Equal Housing Lender and a member FDIC; all deposits are FDIC-insured up to $250,000 per depositor.
The bank currently offers free online banking to individuals and joint ownership accounts. A toll-free number is available for assistance. Deposit account applications and many common transactions can be completed online.
There is no checking account nor money market account available at this time.
Colorado Federal's mortgage business is structured in a way that quickly responds to market conditions. In 2004 the bank controlled $43 million in assets through a network of net branches (similar to franchises) in 8 states. As of 2010, following the extended downturn in the real estate market, the bank offers mortgages only from its home location and a satellite office in Dallas, Texas.
Colorado Federal Savings Bank offers a single savings account as of 2010 with a minimum opening deposit of $2,500. The savings account can be linked to an existing account at another bank, such as a checking account. Customers may access the savings account online and make up to six withdrawals per year with no monthly service fees.
Certificates of Deposit (CDs) are available with terms ranging from six months to five years. The minimum opening deposit is $5,000 and there are no monthly service fees.