Westerra traditionally follows strict mortgage underwriting practices keeping our funds working locally for our members and keeping mortgage default rates extremely low. While some financial institutions have focused on subprime loans in recent years, Westerra has steered clear and is lending responsibly. Westerra maintains a diverse mix of investments, including auto loans, first and second mortgages, credit cards and signature loans, ensuring sound lending decisions for our members' money.
Westerra is regulated by the Colorado Division of Financial Services and the National Credit Union Administration (NCUA). Both regulatory agencies conduct regular examinations to ensure our safety and soundness.
Click here for questions and answers about our financial strength
Click here for the 2015 Annual Report