FREE Online Banking & Bill Pay


Westerra Credit Union

The Value of Westerra Membership

Switch to Westerra -
Get $52.80!

Get $52.80 when you open an account—and when you refer friends and family.

Learn More

How Much Can You Save by Using Westerra?

Westerra members save $491 annually in lower fees and better rates compared to banks in Colorado:

  Total Return to Membership Total Return to Individual Members
Lower Checking Fees $9.1 million $261
Lower Loan Rates $6.9 million $186
Higher Dividend Rates $416,000 $25
Lower Credit Card Fees $299,000 $19
Total Value $16.7 million $491

*Rate Source: DataTrac CUNA. Fee Source: Bank websites as of May 1, 2013

How Does Your Checking Account Compare?
How Much Can You Save on Loans?

How Much More Can You Earn on Savings?
How Does Your Credit Card Compare?

As a not-for-profit financial cooperative, Westerra is owned by all who have accounts at the credit union.  There are no stockholders – all proceeds are returned to members through higher dividends on savings, lower rates on loans, lower fees and enhanced convenience. Your funds stay in Colorado, invested in members through loans for cars, homes, education and other needs. Learn more about Westerra.

Read Full Rate Savings Analysis
Read Full Fee Savings Analysis

How Does Your Checking Account Compare?

Westerra members save $261 annually in checking account fees compared to these banks:

  Westerra Chase Wells Fargo First Bank US Bank Key Bank Average Bank Fee Total Membership Annual Savings*

Average
Member
 Annual   
    Savings*    

Debit Cards Free Free Free $10/Year Free Free $2 $57,126 $2
ATMs
Outside Network
Free $2 $2.50 $2.50 $2.50 $2.50 $2.40 $1,092,873 $38
Monthly Maintenance
Includes online banking and
paper statements
-0- $12 $9 $3 $8.95 $10 $8.59 $4,559,847 $103
Insufficient Funds $28 $34 $35 $34 $35 $32 $34 $251,844 $6
Opt-In Program**
for Debit Card and ATM insufficient funds
-0- $34 $35 $34 $35 $39 $35.40 $2,980,963 $104
Bill Pay
Monthly
Free Free $3 $5 - if fewer than 3/month Free Free $1.60 $103,630 $8
Total Savings               $9,046,283 $261

*Compared to the average fees charged by Chase, Wells Fargo, FirstBank, US Bank and Key Bank as of May 1, 2013.  Competitor fees are for comparison only and may change without notice.  Westerra has built a reputation for having fewer and lower fees than other financial institutions in metro Denver.  View our Fee Schedule

**What Is An Opt-In Program? - New federal regulations in 2010 stated financial institutions could no longer charge a fee, without your consent, if you overdraw your checking account using a debit card or an ATM. Most other financial institutions ask their customers to sign up for, or “opt-in” to, checking overdraft programs—they are asking customers permission to charge them a fee.  At Westerra, our approach is to help members better manage their accounts by not offering an “opt-in” program—if funds are not available, the transaction is simply denied and you are not charged a fee.

How Much Can You Save on Loans?
Compared to Other Colorado Banking Institutions

  Total Membership Annual Savings Your Annual Savings*
Auto Loans $8,981,628 $346
Home Equity Loans $811,738 $237
Credit Cards $3,624,610 $226

*Additional savings compared to Colorado banking institutions in 2012. $30,000,  60-month new car loan. $50,000 home equity loan. Credit card $7,000 balance. Rate Source: DataTrac, CUNA.

Use these calculators to see how much you can save every month by moving your loans to Westerra:

> Auto Loan Calculator
> Mortgage Calculator
> Credit Card Calculator

View today’s Loan Rates, Mortgage Rates and Credit Card Rates and Fees.

How Much More Can You Earn on Savings?
Compared to Other Colorado Banking Institutions

  Additional Return to Total Membership Average Additional Return to Individual Members
Higher Dividend Rates $416,000 more $25 more

*Additional dividends earned by Westerra members above what Colorado banking institutions paid for comparable term deposits in 2012.. Source: DataTrac, CUNA 

View today’s Certificates and IRA Rates and Savings Rates.

How Does Your Credit Card Compare?

Westerra members save an average $226 annually* compared to these banks.
If you carry a balance, you can save hundreds more annually. Check our rates.

  Westerra Chase Wells Fargo First Bank US
Bank
Key Bank Capital One Average Bank Fee Total Membership Annual Savings Average Annual Savings* with Westerra You Could Save Even More!
Annual Percentage Rate 9.90% 13.99% 12.15% 15.15% 13.99% 9.99% 11.90% 12.86% $3,325,359 $207 $444
$15.000 balance
Annual Fee -0- -0- -0- $35 -0- -0- -0- $5.83 $93,513 $6 $6
Cash Advance Fee 2% 3% 5% 4% 4% 4% 3% $3.83 $13,752 $1 $9
$500 Cash Advance
Balance Transfer Fee -0- 3% 3% -0- 3% 3% -0- 2% $95,424 $6

$70
$3,500 balance transfer

Late Payment $15 $35 $25 $35 $35 $10 $35 $33.33 $96,562 $6 $6
Rewards Program

Cash,
Travel,
Merch-
andise

Cash Cash,
Travel,
Merch-
andise
Cash,
Travel

Cash,
Travel,
Merch-

andise

Cash,
Travel,
Merch-
andise
 Travel        

Total Savings

                $3,624,610 $226 $535

*Westerra Platinum Card compared to the average rates and fees for Chase Freedom Card, Wells Fargo Rewards Card, FirstBank CardMiles, US Bank Platinum Card, Capital One FlexPerks Select Rewards Card and Key Bank World MasterCard as of May 10, 2013.  Annual rate savings based upon the average national credit card balance of $7,000.  Members who utilize cash advances, balance transfers or penalty interest rates will save significantly more.  Competitor rates and fees are for comparison only and may change without notice.

Everyone in the 5-County Denver Area Can Join Westerra – Colorado’s Low Fee Leader

It's easy to open your account - simply stop by one of our branch locations to complete the membership application and make your first deposit.  

Thanks for Your Referrals!

Most new members join Westerra because they were referred by another member.  Find out how you can get $52.80 when you open accounts and when you refer new members.  Read about our top-notch service rating.

Learn more about Westerra.