2018 RANKING & REVIEWS
BEST BANKS AND CREDIT UNIONS IN COLORADO SPRINGS


(2018 Bank Rankings) Looking for Free Checking & Great Rates? Try These Top 7 Colorado Springs Credit Unions & Banks

If you’re looking for room to spread out, Colorado Springs, CO fits perfectly. It’s the largest city by area in Colorado and sits at the base of Pike’s Peak. The city is also well known in the sports realm, being home to the U.S. Olympic Training Center and USA Hockey.

Whether you enjoy watching sports or are an outdoor enthusiast, this city has plenty to offer. You can also find some excellent local, regional, and national Colorado Springs banks and credit unions that offer great perks, like free checking, low loan rates, and cash back deals.

Best Banks & Credit Unions in Colorado Springs, CO

Award Emblem: Top 7 Best Banks & Credit Unions in Colorado Springs, CO

In AdvisoryHQ’s 2018 Ranking of the Top 7 Best Colorado Springs Banks and Credit Unions, we’ve taken a deep dive into the type of perks each one offers. We’ll also look at what people think about their customer service and rates they have on loans in Colorado Springs.

Do you know which hidden perks to look for at credit unions and banks in Colorado Springs? We’ll tell you in our FAQ! We’ve also found one bank in Colorado Springs that you might want to skip for the time being, and we’ll tell you why.



Top 7 Best Colorado Springs Banks & Credit Unions (& 1 to Avoid) | Brief Comparison & Ranking

Best Credit Union & Banks in Colorado Springs2018 Ratings
Bank of Colorado5
Chase Bank5
Ent Credit Union5
Integrity Bank & Trust5
5Star Bank3
Great Western Bank3
Security Service Federal Credit Union3
Herring Bank1

Table: Top 7 Credit Unions & Banks in Colorado Springs (& 1 to Avoid) | Above list is sorted by rating



Colorado Springs, CO Banks FAQ | What Hidden Perks Should You Look For at Banks & Credit Unions?

best bank in colorado springs

Do you know that a Colorado Springs credit union is non-profit and often returns profits to their customers? How about that opening a particular type of checking account might save you interest on bank loans in Colorado Springs?

Those are just a couple of examples of hidden perks that you might be missing if you don’t know to look for them at a Colorado Springs credit union or bank. Those perks can often save you a lot of money over time if you know to ask about them.

Here are some of the hidden perks to look for at banks and credit unions in Colorado Springs:

  • Member discount programs (for local retailers, products, services)
  • Loan rate discounts for bundling accounts
  • Extra interest on CDs by adding a checking or savings account
  • Credit union programs that give profits back to members
  • Debit card cash back rewards programs
  • Company employee bank account programs with benefits


AdvisoryHQ’s Selection Methodology

What methodology does AdvisoryHQ use in selecting and finalizing the credit cards, financial products, firms, services, and products that are ranked on its various top-rated lists?

Please click here “AdvisoryHQ’s Ranking Methodologies” for a detailed review of AdvisoryHQ’s selection methodologies for ranking top-rated credit cards, financial accounts, firms, products, and services.


Detailed AdvisoryHQ Review – AdvisoryHQ’s Top Ranking Best Credit Unions & Banks in Colorado Springs (& 1 to Avoid)

Below, please find a detailed review of each firm on our list of top Colorado Springs credit unions and banks. We have highlighted some of the factors that allowed these banks and credit unions in Colorado Springs to score so highly in our selection ranking.

Click on any of the names below to go directly to the review section for that firm.



Bank of Colorado Review


Bank of Colorado has been around for over a century, being founded in 1900. Today, they serve communities throughout the Eastern Plains, the Front Range, Western Slope, and Four Corners Region. They’re proud to be a bank that has served Colorado families for generations.

Below are the highlights that make Bank of Colorado stand out on this 2018 Ranking of the Best Credit Unions and Banks in Colorado Springs.

Banking Perks at Bank of Colorado at a Glance:

  • Free checking with no minimum balance
  • Popmoney personal payments service
  • Checking account with identity theft monitoring
  • IRAs with no fees and $1,000 minimum to open
  • 3 locations in Colorado Springs, CO and surrounding area

No-Cost Benefits for Students & Seniors

One of those hidden perks that you might not know to look for at banks in Colorado Springs is free stuff for younger and older clients. Bank of Colorado offers add-ons for student and senior checking accounts that include $10 back on foreign ATM fees and refunds on up to 5 money order fees and 5 cashier’s check fees per statement cycle.

AdvisoryHQ Rating Summary

We rated Bank of Colorado a 5 on our ranking of the best Colorado Springs, CO banks and credit unions.

While they don’t have a lot of online reviews, most of them are positive with customers praising their free checking and ease of online banking. They also have an A+ rating at the Better Business Bureau (BBB).

While they only have 3 locations in the Colorado Springs area, they have 50 in total, including affiliate branches, in Colorado, Nebraska, and Wyoming. If you like smaller, state-based banks, this is a best bank in Colorado Springs that has been dedicated to the state of Colorado for over 100 years.

See Also: Best Banks & Credit Unions in Fort Worth | Ranking



Chase Bank Review


If you prefer all the bells and whistles that a large bank can provide, then you’ll want to consider Chase Bank in Colorado Springs. With over 5,100 branches and 16,000 ATMs across the country, Chase Bank serves almost half of America’s households.

Below are the highlights that make Chase Bank Colorado Springs stand out on AdvisoryHQ’s 2018 Ranking of the Best Banks and Credit Unions in Colorado Springs.

Banking Perks at Chase Bank at a Glance:

  • Free checking with direct deposit or minimum balance
  • Auto loans starting at 4.74% APR
  • 5% cash back and $150 bonus credit card
  • 25% to 0.50% home equity loan rate discount with Chase account
  • 14 locations in Colorado Springs, CO and surrounding area

A Credit Card to Match Any Lifestyle

A multitude of credit card choices is something a large bank like Chase Bank Colorado Springs can offer that smaller Colorado Springs credit unions and banks can’t. Chase offers 25 different types of credit cards, including 5 that offer cash back bonuses. They also have credit cards for travel points,low interest balance transfers, and more.

AdvisoryHQ Rating Summary

Chase Bank Colorado Springs scored a 5 on our rating of the top banks and credit unions in Colorado Springs. Whatever one may think of big banks having poor customer service, the Colorado Springs locations of Chase get great reviews overall and also earned an A+ rating at the BBB.

Customers mention “great people” working at Chase Bank Colorado Springs branches and that they have short lines. A few naysayers mentioned issues with being greeted properly. Overall, they offer all the services that you expect from a large bank, while managing excellent customer service with a hometown touch.



Ent Credit Union Review


Ent Credit Union is a leader in Colorado and was started in 1957 to meet the needs of Ent Air Force Base personnel. Today, they serve communities from Longmont, Co to Rye, CO and multiple cities in between. Anyone that lives or works in one of those communities can join.

Below are the highlights that make Ent Credit Union stand out on AHQ’s 2018 Ranking of the Best Colorado Springs Credit Unions and Banks.

Banking Perks at Ent Credit Union at a Glance:

  • Free checking with no minimum balance
  • Unlimited free transactions at Ent and 13,000 CO-OP ATMs
  • Annual Skip-A-Pay option for Auto Loans
  • 12-month CD with 1.50% APY
  • 22 locations in Colorado Springs, CO and surrounding area

Ent Extras Program

How would you like to earn $10 just for using online banking regularly? How about $50 cash for opening a home equity line of credit? Ent Credit Union gives its members cash back just for banking with them regularly through their Ent Extras hassle-free rewards.

AdvisoryHQ Rating Summary

We scored Ent Credit Union a 5 as one of the top banks and credit unions in Colorado Springs. Besides having an A+ at the BBB, they get consistently high ratings on sites like Yelp and WalletHub.

Members praise their great rates and ease of getting loans in Colorado Springs at Ent. They also mention the personalized customer service and helpful staff.

If you’re looking for a great Colorado Springs credit union that has excellent rates and award-winning service, Ent Credit Union is a “must see” financial institution.

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Integrity Bank & Trust Review


Integrity Bank & Trust is employee-owned and based in nearby Monument, CO. They’re proud supporters of their local community and partner with local schools and charitable organizations in the Pike’s Peak region.

Below are the highlights that make Integrity Bank & Trust stand out on this 2018 Ranking of the Best Colorado Springs Credit Unions and Banks.

Banking Perks at Integrity Bank & Trust at a Glance:

  • Free interest earning checking with up to 2.02% APY
  • Free pre-approval on auto loans
  • Free notary and medallion stamp services for account holders
  • Integrity U Financial seminars (with free lunch)
  • 3 locations in Colorado Springs, CO and surrounding area

iHike Minor Savings Account

Looking for Colorado Springs, CO banks that make saving money fun for your children? Integrity Bank & Trust has an account that helps teach kids that saving money can be rewarding. There’s no monthly service fee and they get a free gift when they open their account.

AdvisoryHQ Rating Summary

Integrity Bank & Trust earned a 5 on our ranking of the top credit unions and banks in Colorado Springs. Although they’re one of the smaller Colorado Springs banks, they make up for it with a stellar reputation.

They not only have an A+ rating at the BBB, they also have zero complaints or negative reviews there. Reviewers on sites like Yelp praise them for their helpful staff that “treat you like a friend” and lightweight and easy to use checking accounts.


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5Star Bank Review


The spirit of entrepreneurship is infused in 5Star Bank, which was acquired by a local group of Colorado Springs investors in 2015. They pride themselves on hometown banking and customer service and are rated a 5-star bank by Bauer Financial.

Below are the highlights that make 5Star Bank stand out on this 2018 Ranking of the Best Credit Unions and Banks in Colorado Springs.

Banking Perks at 5Star Bank at a Glance:

  • Free interest earning checking with 2.00% APY
  • 12-month CD Special with 1.65% APY
  • SBA loans for small businesses
  • Up to $20/month ATM fee refunds
  • 3 locations in Colorado Springs, CO and surrounding area

Three Free Checking Account Options

With most Colorado Springs, CO banks, you might be lucky to get one free checking option, but 5Star Bank gives you three of them. Their Kasasa checking accounts have no monthly service fee and offer choices of interest bearing accounts, cash back, and even refunds for iTunes, Amazon, or Google Play purchases.

AdvisoryHQ Rating Summary

We rated 5Star Bank a 3 on our list of the top Colorado Springs credit unions and banks. They have an A+ rating at the BBB but some negative reviews mentioning difficulty with loans. They don’t have many other reviews out there (except for a different bank with a similar name, “Five Star Bank”).

If you’re looking for a way to earn as much cash back from a checking account as possible, this is definitely one of the Colorado Springs banks you’ll want to consider. They’re also fairly young, so one would expect more growth and potential new locations on the horizon.

Related: Great Banks & Credit Unions in Indianapolis, IN | Ranking


Great Western Bank Review


Great Western Bank is a regional bank headquartered in South Dakota and is the 6th largest U.S. farm lender. They’ve been around for over 80 years and have branches across nine states, including Colorado.

Below are the highlights that make Great Western Bank stand out on AdvisoryHQ’s 2018 Ranking of the Best Colorado Springs Banks and Credit Unions.

Banking Perks at Great Western Bank at a Glance:

  • Free interest earning checking with direct deposit or for 50+ year olds
  • Get $50 for opening a checking account
  • 11-month CD with 1.40% APY
  • Crop insurance products for Agribusiness
  • 2 locations in Colorado Springs, CO and surrounding area

Debit Card Purchase Rewards

Most of us use debit cards for day-to-day purchases, so wouldn’t it be nice to get cash back on those? Great Western Bank hears you! You can earn cash back from this best bank in Colorado Springs whenever you use your debit card on qualified purchases.

AdvisoryHQ Rating Summary

We rated Great Western Bank a 3 on our list of the best Colorado Springs credit unions and banks. We’d like to see a few more locations in the Colorado Springs area, although they do have 20 throughout the state.

They have an A+ with the BBB and a few mixed reviews online, though mostly good ratings. Negative reviews mention difficulty with mortgages and high rates, and the positive reviews note their great customer service and free checking policy.

As regional banks go, this is one of the Colorado Springs banks with a solid reputation and great money saving account perks.


Security Service Federal Credit Union Review


Security Service Federal Credit Union was founded in 1956 to serve the financial needs of U.S. Air Force Security Service Command members. They are now the largest credit union in Texas, Colorado and Utah, and anyone that lives, works, worships, or attends school in one of their service areas, including Colorado Springs, can join.

Below are the highlights that make Security Service Federal Credit Union stand out on this 2018 Ranking of the Best Colorado Springs Credit Unions and Banks.

Banking Perks Security Service Federal Credit Union at a Glance:

  • Free checking with personalized debit card photo
  • Credit cards with 1.5% cash back and $100 bonus
  • 15-month certificate with 2.00% APY
  • Special programs for military families
  • 5 locations in Colorado Springs, CO and surrounding area

Great Borrowing Rates

If you’re looking for the lowest rates on loans in Colorado Springs, then you’ll definitely want to take a look at Security Service Federal Credit Union. Their auto loans start at 3.40% APR and personal loans at 7.99% APR. They also offer credit cards starting at 8.99% APR.

AdvisoryHQ Rating Summary

Security Service Federal Credit Union scored a 3 on our ranking of the best credit unions and best banks in Colorado Springs. They’re not rated at the BBB, and have a few mixed reviews on other sites, like WalletHub. Some members note poor customer service, while others have banked with them for years and say their customer support is great.

Being among the larger Colorado Springs credit unions is definitely a bonus that shows in the great rates they can offer. They are also part of the CO-OP network of shared branches, with approximately 5,000 branches and 13,000 ATMs around the country.

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Herring Bank Review


Most of the Colorado Springs credit unions and banks have a pretty good reputation for customer service. However, we did find one that you may want to avoid due to them only having a single location in the area. Herring Bank is less than convenient if you like to bank in person.

ent credit union

Below are some of the improvements we feel would help Herring Bank have a chance of a higher ranking on a future best bank in Colorado Springs listing.

Expand in Colorado

Herring Bank is a regional bank with branches in Texas, Colorado, and Oklahoma. With just a single location in all of Colorado, it’s hard for them to compete there with other Colorado Springs credit unions and banks. Opening a few more locations in the Pike’s Peak area would definitely help.

AdvisoryHQ Rating Summary

As a bank you may want to bypass for now when looking for banks in Colorado Springs, we rated Herring Bank a 1 on our ranking. They do have an A+ at the BBB but a curious lack of reviews of any kind on sites like Yelp.

With most of their branches in Texas, Colorado may just not be on their radar for expansion yet. However, with their fairly good online reputation it would not be difficult to see them ranked higher in the future among Colorado Springs credit unions and banks if they just opened another location or two.

Read More: Top Baltimore Banks & Credit Unions That Can Help You Prosper | Ranking


Conclusion – Top 7 Best Colorado Springs Banks & Credit Unions (& 1 to Avoid)

Whether you like to bank big with someone like Chase Bank in Colorado Springs or prefer a local homegrown place to bank, such as Ent Credit Union, you’ve got some stellar options in this town.

Most of the Colorado Springs banks and credit unions have excellent reputations and also offer tons of perks, like percentages off on loans or cash back on debit card purchases.

It definitely pays to shop around, because if you know where to look for them, those banking perks can add up to significant cash in your account at the end of the year.


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AdvisoryHQ (AHQ) Disclaimer:

Reasonable efforts have been made by AdvisoryHQ to present accurate information, however all info is presented without warranty. Review AdvisoryHQ’s Terms for details. Also review each firm’s site for the most updated data, rates and info.

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