About Us

Each year, Westerra Credit Union hosts a virtual Annual Meeting that is open to all members. This year, the meeting will take place on April 23, 2024 at 2:00pm. It will cover highlights from last year and strategic goals for the current year.

If you would like to attend, please RSVP by April 5, 2024 by emailing MChalmers@WesterraCU.com, or through our Contact Center at 303-321-4209 or 1-800-858-7212. Please provide your name, email address and phone number, so that we may send you instructions for joining us virtually.

A copy of the most recent Annual Report can be found on this page. To request Annual Reports from previous years, please email MChalmers@WesterraCU.com.

There is no doubt that there have been tough economic times over the years for many people, but despite historic downturns in the economy, Westerra Credit Union continues to provide security and value to its members. We are recognized as one of the top credit unions in the country for returning value to members, according to an independent study by Callahan & Associates published in Credit Union Journal, and we were awarded the highest rating for safety and soundness by industry analyst Bauer Financial, Inc.

In addition, Westerra Credit Union members have the assurance of knowing that their deposits are federally insured up to $250,000 by the National Credit Union Administration and that their individual retirement accounts are federally insured up to an additional $250,000 per member.

Westerra’s long-standing business model is focused on safety and soundness. That means Westerra operates in a way that ensures the safety of our members’ deposits. Westerra has not engaged in the subprime lending that led to the financial crisis that began in 2008. We follow strict lending practices and conservative underwriting standards for mortgages that keep our funds working locally for our members and keep mortgage default rates extremely low.

The Westerra Way is to consistently offer top-notch service, low or no fees and competitive rates, as well as provide our members a safe place to save and borrow through a local financial institution they know and trust.

Today, Westerra Credit Union serves more than 120,000 members with a broad and diverse base that offers even greater stability. In 2006, Westerra Credit Union became the new name for the credit union formed by the merger of three of the state’s leading credit unions: Denver Public Schools Credit Union, Safeway Rocky Mountain Federal Credit Union, and Gateway Credit Union — serving the city of Aurora. In 2009, Jeffco Credit Union, serving employees, students, alumni, families and retirees in the Jefferson County School District, merged with Westerra, followed by the merger with the Sheet Metal Workers #9 Credit Union in 2013.

The diversity of membership and economies of scale gained from our merger activity have led to reduced operating costs and increased services. 

Credit unions across the country contribute proportionately to a federal insurance fund, called the National Credit Union Share Insurance Fund (NCUSIF). It is the credit union version of the banking industry’s Federal Deposit Insurance Corporation (FDIC). Like the FDIC guarantee for bank deposits, the NCUSIF insures credit union members’ savings up to $250,000, with additional coverage up to $250,000 for IRAs. 

Taxpayer dollars have never been used to create or replenish the credit union insurance fund. We view our share in the deposit insurance fund as an investment in fiscal responsibility. When earnings bring the fund balance above a certain level, we receive a dividend. When times are harder, we pay into the fund as a reserve to cover potential losses.

History has shown that the NCUSIF has provided the financial guarantee backed by the U.S. government to maintain a healthy credit union industry and to insure members’ savings. The system works even in these tough times.

Simply put, your community is our community.  Westerra is member owned and locally managed, with local lending and local decisions on loans. We keep money working for you in the community.

Westerra is committed to serving employees and families of our sponsor organizations: Denver Public Schools, Jeffco Public Schools, Safeway Corporation, the city of Aurora with its military community and each of our local communities. We provide literacy education in classrooms and online financial literacy tools to the broader community through our website.