REGULATING AGENCY: Department of Regulatory Agencies; Division of Financial Services
- Patty Salazar, Executive Director, DORA
- Mark Valente, Commissioner of Financial Services
- Website: financialservices.colorado.gov
- Press Releases
LEAGUE: Mountain West Credit Union Association
PRIVATE SHARE INSURANCE: No
STATS: (As of June 2021)
Total Number of Credit Unions: 77
- TOTAL # SCUs: 36
- TOTAL # FCUs: 41
- SCU % OF TOTAL (SCUS #/STATE TOTAL #): 47%
Total Assets: $34,887,983,018
- TOTAL $ SCU ASSETS: $29,236,133,012
- TOTAL $ FCU ASSETS: $5,651,850,006
- SCU % OF TOTAL ASSETS (SCUS $/STATE TOTAL $): 84%
Total Members: 2,183,133
- TOTAL Members SCUs: 1,806,993
- TOTAL Members FCUs: 376,140
- SCU % OF TOTAL (SCUS/STATE TOAL): 83%
FUN FACT: The tallest sand dune in America is in Great Sand Dunes National Monument outside of Alamosa. This bizarre 46,000-acre landscape of 700-foot sand peaks was the creation of ocean waters and wind more than one million years ago.
Aug. 22, 2019 — The Division of Financial Services at the Colorado Department of Regulatory Agencies (DORA) commends the National Credit Union Administration (NCUA) for issuing Regulatory Alert 19-RA-02 to federally insured credit unions regarding changes in federal law and regulation related to industrial hemp.
The interim guidance issued on August 19, 2019, provides clarity for federally insured credit unions including a summary of the legal status of hemp and considerations for credit unions serving hemp-related businesses.
“Colorado has been on the forefront of innovation regarding industrial hemp, and we are committed to supporting this industry,” said Governor Jared Polis. “I commend Chairman Hood and the National Credit Union Administration for providing guidance to our credit unions so they may provide access to essential financial services to our farmers and other business entrepreneurs involved in this exciting emerging industry.”
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