February 2023 News
Join Us at the Colorado Garden & Home Show
It’s time to gather your garden and home-remodeling plans and head to the Rocky Mountain region’s oldest, largest, and most prestigious home show, the Colorado Garden & Home Show. Bellco is proud to be the presenting sponsor of this nine-day event at the Colorado Convention Center, February 4–12.
Bellco members can get TWO FREE ADMISSIONS to the show at the door by showing their Bellco debit card, credit card, or mobile app. Don’t forget to explore this year’s “Denver Public Library Friends Foundation” Entrance Garden presented by Bellco Credit Union.
Whether you’d like to learn more about home equity or you’re looking to access the equity in your home for remodeling projects or larger home show purchases, Bellco has you covered at the show:
Home Equity ChoiceLine
For a limited time, get $300 Cash* when you open a Home Equity ChoiceLine, take an advance of at least $5,000 at closing, and make your first scheduled payment. Speak with a Bellco representative at the show to learn more and get started, or visit Bellco.org/ChoiceLine to learn more.
Seminar: How to Use the Equity in Your Home
Learn more about home equity and the smart ways equity can be used to finance home improvement projects, emergency funds, and more in the Education Theatre—presented by Bellco
Saturday, February 4 at 2:00 pm
Tuesday, February 7 at 3:00 pm
$500 Lowe’s® Gift Card
While you’re at our booth, enter for a chance to win one of ten $500 Lowe’s Gift Cards. NO PURCHASE NECESSARY TO ENTER OR WIN. See official rules at the booth.
For more information about the show and offers, visit Bellco.org/homeshow.
*All loans subject to approval. Membership eligibility required. Bellco is an Equal Housing Opportunity Lender.
Celebrating Two Grand Openings in February!
Well, it’s official and we’re super excited! February will see the Grand Openings of two new Bellco branch locations—one in Fort Collins and another in Clifton!
The Grand Opening celebrations will take place at both branches, Tuesday, February 21 through Saturday, March 4, 2023. Come join us during the celebration at either our Fort Collins Branch or Clifton Branch for limited-time product offers, refreshments, prize drawings*, and giveaways (while supplies last).
Fort Collins Branch
1526 E. Harmony Rd. Fort Collins, CO
570 32 Rd. Clifton, CO
We look forward to seeing you at our newest locations soon!
*NO PURCHASE NECESSARY TO ENTER OR WIN. See official rules at the Grand Opening events.
Why Now May Be a Good Time to Enter the Housing Market
With a new year upon us, there are already several indicators that show now may be a great time to begin your homebuyer journey. Potential seller concessions, decreasing rates, and prolonged listing periods could be the secret recipe many Coloradans have been looking for.
According to a recent report generated by Redfin®, Colorado’s housing market saw 58% of home sellers offering concessions in Q4 of 2022. The concessions offered for potential rate buydowns included aid in potential repairs as well as covering all (or portions of) the closing costs involved in potential transactions. The Redfin report also found that 22% of transactions included both seller concessions and reduced list-prices.
As of mid-January 2023, national interest rates have continued to improve within the mortgage industry, indicating that they have fallen to the lowest levels since September of 2022, and many economists are predicting further improvement throughout 2023.
In addition, there is another point for homebuyers to keep an eye on—inventory. With inventory remaining tight, Bellco Home Loans is seeing elongated home-selling cycles with the average days in MLS being 43 days today versus 18 days one year ago. This data compiled by Denver Metro Association of Realtors, indicates that buyers have a bit more time to be selective and patient in their homebuying journey.
For more information about any home loan needs, don’t hesitate to reach out and speak with a Bellco Home Loans expert today.
Bellco Home Loans is a collaboration between Bellco Credit Union and Cherry Creek Mortgage, an independent mortgage lender that’s been helping families attain homeownership for over 30 years. Bellco Home Loans, LLC NMLS# 2085298. Equal Housing Opportunity
Give Your Small Business the Bellco Difference
At Bellco, we’re focused on supporting our members along their financial journey. And it doesn’t just end with individual members—we also focus on supporting local, small businesses that can also become members of Bellco, and enjoy the benefits of being a Bellco member. In fact, with new branches popping up across the state and more on the way, chances are we’re already in your business’ neighborhood.
And thanks to the credit union difference, your small business can enjoy many of the same convenient services and benefits as our individual members do. That means you and your business will typically pay fewer fees, have access to great rates, and know that your deposits/money will go right back to work in the Colorado communities we serve—not other states.
And of course, Bellco offers a wide array of financial products, tools, and services that can help you and your small business reach your goals, including:
- Business Checking Accounts—convenient features, ideal for small businesses
- Great Rates—on business CDs, savings accounts, and money market accounts
- Business Line of Credit—easy application, quick decision, instant access to funds
- Online Banking, Bill Pay, P2P & more—choose the tools best for your business needs
- Business Visa® credit card—make quick payments to thousands of merchants and expand your purchasing power
- Merchant Services (with Clover®)—accept all major credit cards, less wait time for payments
To learn more how Bellco can help with your small-business needs, visit our Business Banking page, stop by any Bellco branch, or reach out to our Member Services Department at 1-800-BELLCO-1. We look forward to speaking with you soon!