Credit union · NCUA insured
EFCU Carrot Score
A $53.2M credit union headquartered in Arvada, CO, with 4,063 members and 1 branch in Colorado.
EFCU Carrot Score
86
Carrot Score
Higher than 74% of U.S. banks and credit unions
- CDs83
- Savings89
- Auto loans79
- Credit cards73
Each bar is every U.S. bank and credit union, lowest score to highest. Choose a product to see its rates.
Where EFCU ranks
By Carrot score, in each area where it has branches
Scores run from 60 to 99; 90 and up means rates near the best in the country. Top Carrot marks a score of 87 or more, the top quarter of U.S. banks and credit unions. It’s about rates only, not safety, service or who can join.
By product
How each product scores
How its rates compare with every U.S. bank and credit union. Open a product to see them.
CDs
83top 38% nationally
| Term | Its rate | Beats | U.S. median | Top 25% atTop 25% | Top 10% at |
|---|---|---|---|---|---|
| 3-8 months | 3.98% | 82% | 3.50% | 3.82% | 4.05% |
| 9-15 months | 3.77% | 57% | 3.70% | 4.00% | 4.25% |
| 16-30 months | 3.56% | 61% | 3.35% | 3.85% | 4.20% |
| 31-60 months | 3.35% | 61% | 3.05% | 3.65% | 4.07% |
| Qualified | 3.98% | 54% | 3.85% | 4.15% | 4.35% |
Best rates 71.6 · all terms 62.5 → 68.0 → 83
Savings
89top 14% nationally
| Balance | Its rate | Beats | U.S. median | Top 25% atTop 25% | Top 10% at |
|---|---|---|---|---|---|
| $1,000 | 1.66% | 91% | 0.20% | 0.50% | 1.51% |
| $10,000 | 1.66% | 84% | 0.50% | 1.15% | 2.20% |
| $100,000 | 2.02% | 76% | 1.00% | 2.01% | 2.93% |
| Qualified | 1.66% | 81% | 0.60% | 1.31% | 2.43% |
Best rates 82.7 · all balances 83.3 → 82.9 → 89
Auto loans
79beats 48% nationally
| Vehicle | Its rate | Beats | U.S. median | Top 25% atTop 25% | Top 10% at |
|---|---|---|---|---|---|
| New vehicle | 5.24% | 44% | 5.00% | 4.74% | 4.25% |
| Used vehicle | 5.24% | 58% | 5.39% | 4.99% | 4.49% |
Best rates 58.1 · all vehicles 51.0 → 55.3 → 79
Credit cards
73beats 34% nationally
| Card | Its rate | Beats | U.S. median | Top 25% atTop 25% | Top 10% at |
|---|---|---|---|---|---|
| Purchase APR | 11.90% | 36% | 10.90% | 9.90% | 8.90% |
Best rates 35.5 · all rates 35.5 → 35.5 → 73
Where the score could improve
- CDs, 9-15 months4.00%3.77% today, higher than 57% of U.S. institutions. 4.00% would reach the top quarter; 4.25% the top 10%.
- CDs, 16-30 months3.85%3.56% today, higher than 61% of U.S. institutions. 3.85% would reach the top quarter; 4.20% the top 10%.
- CDs, Qualified4.15%3.98% today, higher than 54% of U.S. institutions. 4.15% would reach the top quarter; 4.35% the top 10%.
- To score in the 90sIts CDs already have a rate near the best in the country (3.98% at 3-8 months); its other CDs rates need to rank near the top too, so the weaker ones above matter most.
Scores update as rates change. Institutions can correct a rate we show; payment never changes a score.
Method
How the score works
- Each product gets a standingWe compare its CD, savings, auto loan and credit card rates with every bank and credit union in the U.S. and give each product a standing out of 100. Its best rates count the most. For loans and cards, lower rates rank higher.
- Its two best products set the scoreWe average its two strongest products. Each extra product it publishes adds 1.5 points, so sharing more rates can only help.
- Its rank puts it on the 60–99 scaleWe rank that number against every scored bank and credit union in the country to get a score from 60 to 99. The top quarter earn Top Carrot.
How EFCU got its score
Its products stand at 82.9 for savings, 68.0 for CDs, 55.3 for auto loans and 35.5 for credit cards, out of 100. Its best two, savings and CDs, average 75.5. Publishing four products adds 3.0, for 78.5. That puts it in the top 26% nationally: a Carrot Score of 86.
The fine print: inside each product, its best rates make up 60% of its standing and all its rates the rest. Its best rates are its two best CD terms, its $10,000 and Qualified savings or money market rates, the better of its new and used auto loan rates, and its credit card purchase rate. The Qualified rate is the best $10,000 rate you can get by opening another account or meeting monthly requirements (or the standard rate, if that’s higher). Rates that need monthly activity get half credit for the extra they pay, and rates that need a combined balance count only from that balance. We subtract monthly fees and count an intro rate at what it earns over a full year. Accounts for kids, students, seniors, businesses, IRAs and health savings aren’t scored.