Credit Union of Denver – Giving Power to the People
A few years ago, Credit Union of Denver had a powerful reminder of why their work matters. A client came to them in immediate need of assistance to stay in nursing school—a critical step toward building a better future. She needed $4,800 to remain in her program but didn’t have the funds.Clinging to a thin thread of hope, she turned to the team at Credit Union of Denver, in desperate need of a solution to salvage her dreams.
Realizing the urgency of the situation, the team zeroed in and analyzed every possible asset she had that could help her secure the money she needed. They helped her realize she had significant value in her car. Working swiftly, they restructured her auto loan, unlocking enough cash to not only cover the $4,800 tuition bill but also pay off some lingering collections and lower her monthly payments by $100. She later said the personal attention and creative thinking Credit Union of Denver offered blew her away. This experience highlighted the lasting impact that quick thinking, financial literacy, and a commitment to community support can have on someone’s life when it matters most.
Not long after, another member came to Credit Union of Denver facing an entirely different challenge. A retired man raising his three grandchildren found himself struggling to make ends meet after his daughter, who had been providing child support, lost her job. With his household income suddenly reduced, he could no longer afford the $510 monthly payment on his truck loan. Though he had worked hard to pay down the original $24,802 balance to just $4,264, the remaining payment was still too much under the circumstances. After carefully reviewing his loan situation, the team was able to modify the terms, lowering his payment and allowing him to keep the truck that was so vital to supporting his family. It was another powerful example of how Credit Union of Denver steps in with real solutions when life throws unexpected curveballs.
Credit Union of Denver also looked deep into their community to assess where they could provide the most help to their current members and beyond. They believe that financial literacy is of the utmost importance but are aware that most people learn this through trial and error, which can have dire consequences. In 2024, Credit Union of Denver created and initiated a program called Bite of Reality, which was incorporated into the curriculum at a local school district. This program provides a modern, interactive way for students to learn budgeting in a safe space before encountering financial issues outside of the classroom. Using personalized scenarios, students must make hard financial decisions while staying inside a given budget. This program not only offers exposure to unfamiliar decisions but allows students to learn the importance of financial stability before having to face the consequences of real-life financial mistakes.
While Credit Union of Denver offers services such as banking, they believe that finances are a lifelong journey, and they strive to cultivate a connection with their members so they can guide them every step of the way. Credit Union of Denver is dedicated to empowering their community by providing a wide assortment of tools for financial education. Their belief in widespread financial literacy puts the power in the hands of the people, allowing them to feel confident and secure when making financial decisions. And when unexpected challenges arise, the team at Credit Union of Denver is ready to step in—not just with solutions, but with understanding and heart.
This approach reflects the core of the credit union’s philosophy: People Helping People. At Credit Union of Denver, it’s not just about loans and accounts—it’s about lifting each other up, offering support when it’s needed most, and building a stronger, more resilient community together.