Highlighting the financial robustness of Jefferson County, the 2024 list of the biggest local credit unions shows seven out of 10 Jeffco financial institutions reported an increase in assets in 2023.
Topping the list is Lakewood-based Credit Union of Denver, which saw substantial growth in its financial stature over the year. Its assets increased 32.6%, soaring from $1.1 billion in the previous year to $1.5 billion in 2023. Concurrently, its liabilities also rose by 34.2%, from $1 billion to $1.4 billion.
Ranked second on the list was Arvada-based Sooper Credit Union with $664.9 million in assets. Following closely behind at third place was the Partner Colorado Credit Union, whose assets totaled up to $633.7 million. On Tap Credit Union occupied the fourth position with $394.6 million in assets, followed by the Colorado Credit Union, which had $374.3 million in assets.
The list noted an increase in loans and employees for the top 10 financial institutions. In 2023, the number of loans disbursed increased by 19.1%, moving from 511,621 to 609,136, reflecting a potentially vibrant local economy. The top 10 credit unions also expanded their workforce, with a recorded 5% increase in employment, bringing the total number of employees from 581 to 610.
This annual ranking of credit unions by assets provides a snapshot of Jefferson County’s financial landscape, highlighting the central role and performance of credit unions in particular. These financial institutions continue to form an important backbone of local economic activities. Their combined growth in assets, loans, and workforce may also reflect Jefferson County’s overall financial health and resilience.