Question 1

What is Colorado Federal Savings Bank?

Accepted Answer

Colorado Federal Savings Bank is a federally insured savings bank specializing in real estate lending solutions and direct banking services. Headquartered in Greenwood Village, Colorado, the bank operates as a non-branch direct banking platform serving customers across Colorado and nationwide.

With approximately $2.4 billion in total assets and $1.5 billion in deposits, Colorado Federal focuses primarily on residential construction lending, commercial real estate finance, and consumer savings products. The bank positions itself as "The Builders' Bank," catering to property owners, builders, developers, and real estate investors.

Question 2

When was Colorado Federal Savings Bank founded?

Accepted Answer

Colorado Federal Savings Bank was originally chartered on June 29, 1990, as a federal savings institution. The bank underwent a significant transformation in 2008 when it was acquired by new ownership and affiliated with Provident Funding Associates, L.P., a leading non-bank mortgage originator and servicer.

Following the 2008 acquisition, Colorado Federal transitioned from a traditional brick-and-mortar savings institution to a modern, non-branch direct banking platform. In October 2015, the bank ended its fulfillment agreement with Provident Funding and shifted its strategic focus toward commercial lending and owner/builder construction loan programs, establishing its niche as a real estate-oriented financial institution.

Question 3

Where is Colorado Federal Savings Bank headquartered?

Accepted Answer

Colorado Federal Savings Bank is headquartered in Greenwood Village, Colorado, at 8400 East Prentice Avenue. The bank also maintains an executive office in San Bruno, California.

Greenwood Village is located in Arapahoe County within the Denver-Aurora-Lakewood metropolitan statistical area, positioning the bank at the heart of Colorado's dynamic real estate market.

Question 4

Where does Colorado Federal Savings Bank operate?

Accepted Answer

Colorado Federal Savings Bank operates nationwide through its direct banking platform, serving customers across Colorado and throughout the United States. While the bank maintains only one physical office in Greenwood Village, its online banking infrastructure enables it to deliver services without geographic limitations.

The bank's primary assessment area centers on the greater Denver metropolitan area, where it actively participates in community development initiatives. However, its residential construction lending, commercial real estate financing, and deposit products are accessible to qualified customers nationwide through digital channels.

Question 5

What services does Colorado Federal Savings Bank offer?

Accepted Answer

Colorado Federal Savings Bank provides specialized financial services focused on three core areas:

Real Estate Lending: The bank's primary focus is residential construction lending for builders and developers. It offers financing solutions for single-family residential projects, owner/builder construction programs, and commercial real estate ventures. The bank has mortgage lending specialization and originates loans secured by one-to-four family residential properties.

Consumer Savings Products: Colorado Federal offers competitive savings accounts and certificates of deposit (CDs) through its online banking platform. The bank provides High Yield Savings accounts and Premier Savings accounts with competitive annual percentage yields, typically ranging above 4.00% APY.

Treasury and Cash Management: The bank delivers treasury management and cash management solutions designed for businesses, offering secure, efficient, and scalable services for commercial clients.

Digital Banking: As a non-branch direct banking institution, all services are accessible through the bank's website and mobile banking app, which maintains a 4.7 out of 5 rating on the App Store.

Question 6

What makes Colorado Federal Savings Bank unique?

Accepted Answer

Colorado Federal Savings Bank distinguishes itself through several key characteristics:

Real Estate Specialization: Unlike traditional community banks, Colorado Federal has carved out a niche as "The Builders' Bank," focusing intensely on residential construction lending and real estate-oriented financial services. This specialization allows the bank to develop deep expertise in construction financing and builder relationships.

Direct Banking Model: Operating without traditional branch locations, the bank delivers all services through digital channels, enabling efficient operations and the ability to offer competitive rates on deposit products while serving customers nationwide.

Strategic Affiliation: The bank's close relationship with Provident Funding Associates provides access to extensive mortgage industry expertise and infrastructure, strengthening its capabilities in residential lending and real estate finance.

Community Development Focus: Colorado Federal demonstrates strong commitment to community development, particularly in affordable housing initiatives. The bank purchases whole loan pools from organizations like Habitat for Humanity of Metro Denver, providing liquidity for additional lending to low- and moderate-income individuals. The bank has received "Excellent" ratings for its geographic and borrower distribution in Community Reinvestment Act evaluations.

Entrepreneurial Approach: The bank describes itself as entrepreneurial, proactive, and growth-oriented, seeking to serve customers with similar mindsets in the real estate development and investment sectors.

Question 7

What type of financial institution is Colorado Federal Savings Bank?

Accepted Answer

Colorado Federal Savings Bank is classified as a Federal Savings Bank chartered under federal regulations and supervised by the Office of the Comptroller of the Currency (OCC).

As a federal savings bank, the institution operates under specific regulatory frameworks designed for thrift institutions. However, Colorado Federal functions more like a specialized commercial bank focused on real estate lending rather than a traditional savings association. The bank is FDIC-insured through the Deposit Insurance Fund (DIF) and carries FDIC Certificate Number 33111.

Colorado Federal is not organized as an S-Corporation and does not exercise trust powers. It operates as a privately-held institution owned by Silver Queen Financial Services Inc., giving it flexibility in its strategic direction and specialized market focus.

Question 8

What is Colorado Federal Savings Bank's financial performance?

Accepted Answer

Colorado Federal Savings Bank maintains solid financial metrics reflecting its specialized business model. As of recent regulatory filings, the bank reports total assets of approximately $2.4 billion with total deposits of $1.5 billion.

The bank's lending portfolio totals approximately $1.5 billion in net loans and leases, with mortgage lending comprising the dominant share. The bank maintains a loan loss allowance of approximately $13.5 million.

Capital Position: Colorado Federal maintains strong regulatory capital ratios, with a Tier 1 Leverage Ratio of 10.37%, Tier 1 Risk-Based Capital Ratio of 15.98%, and Total Capital Ratio of 16.86%. These ratios significantly exceed regulatory minimums, indicating strong capital adequacy.

Profitability: The bank generates earnings primarily through real estate lending and net interest income from its loan portfolio. Recent financial reports show positive net income with a return on assets (ROA) of approximately 0.53% and return on equity (ROE) of 5.19%.

With 66 employees operating from a single location, Colorado Federal demonstrates operational efficiency while managing a substantial asset base through its specialized, technology-enabled business model.

Question 9

How does Colorado Federal Savings Bank support community development?

Accepted Answer

Colorado Federal Savings Bank demonstrates exemplary commitment to community development, particularly in the Denver metropolitan area. The bank has received "Excellent" ratings from the OCC for its Community Reinvestment Act (CRA) performance.

Affordable Housing Initiatives: The bank actively supports affordable housing construction by purchasing whole loan pools from Habitat for Humanity of Metro Denver and other community organizations. These purchases provide critical liquidity enabling these organizations to originate additional loans to low- and moderate-income families.

Community Partnerships: Colorado Federal has supported numerous local organizations including Habitat for Humanity of Metro Denver, Operation Hope, Denver Rescue Mission, Colorado Lending Source, Junior Achievement, The Salvation Army, Midwest Housing Equity Group, and Impact Development Fund.

Lending to Underserved Communities: CRA evaluations consistently highlight the bank's excellent penetration among borrowers of different income levels and geographic distribution across low- and moderate-income census tracts. The bank's lending to low-income borrowers significantly exceeds both the proportion of low-income families in the assessment area and peer aggregate lending levels.

Community Development Investments: The bank makes qualified community development investments and grants that exhibit excellent responsiveness to identified community needs, including financial literacy education programs and initiatives promoting economic self-sufficiency and homeownership in underserved areas.

Colorado Federal Savings Bank

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About Colorado Federal Savings Bank in the United States