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One Thirteen Credit Union

3505 North Chestnut Street
Colorado Springs, CO 80907
Credit Unions
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One Thirteen Credit Union was founded in 1958 by members of IBEW Local 113. In the beginning, the Credit Union was open to Union Electricians in the Colorado Springs area only. Later the membership was opened to members and their families of Colorado Building and Construction Trade Council and the Colorado Springs Labor Council.

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Credit unions are different than conventional banks because they are owned by the people who bank there, not outside investors. Credit unions are nonprofit banks, which means that all revenue is funneled back into the credit union to lower interest rates and provide extra savings for the people who bank there. A conventional bank is for-profit and operates to return money to its outside investors. Credit unions are dedicated to serve their members and ensure all people have access to banking, credit, and other financial services.
Credit unionsLoan services
3505 North Chestnut Street
Colorado Springs, CO 80907
719 632-7118
www.113creditunion.com
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