Federal banks and community banks are different from one another. The Community bank of Colorado is a division of the National Bank Holdings Corporation, a well–capitalized bank holding company formed in 2009 to establish a leading community banking franchise delivering high-quality client service. Community banks provide a comprehensive portfolio of products and services to meet the needs of commercial, consumer and small business clients. Their goal is to continue to deliver a superior level of service that reflects our commitment to our clients, colleagues and the communities we serve. On the other hand, the FD Community Federal Credit Union is the oldest financial institution home based in Waterbury. It is a well established community institution in existence since 1934, providing the highest level of personal service and the most affordable financial services in the Greater Waterbury area. Personal Financial Services are also available such as the following: (1) The FD Community Federal Credit Union offers a full range of personal and business financial services. It provides you with two option whether you wish to do business at one of their branch offices or from the comfort of home they deliver convenient, quality personal financial services to members. (2) Not-for-profit: Their earnings are returned to members in the form of lower rates on loans, higher returns of savings, lower fees and quality service. (3) Take Your Dreams To New Heights: Turning your dream of home ownership into reality is an important part of our commitment to full-service at Your Community Bank. Below are various programs that members may develop.(1) Mortgage Programs(2.) Fixed Rate Mortgages: Loan Features the following: No principal and interest payment changes during the loan life, Loan terms to meet every need, fixed rate mortgages when: You plan to be in the home for a long time, you do not anticipate increasing income, you want the security of an unchanging principal & interest payment, rising interest rate environment. (3)Adjustment mortgages which have loan features such as lower initial payment and interest rate, loan terms to meet every need, it would be helpful when you plan to be in the home for 5 years or less, you require a lower initial payment and declining or stable interest rate environment (3)Jumbo Mortgages which features fixed and adjustable rate loans available, interest only payment options, required amount exceed $417,000 (4) FHA Mortgages which features small down payment requirements, fixed rate or adjustable rate mortgages (5) VA Mortgages which features fixed interest rate and payment (6) Construction to Permanent Mortgages which features fixed rate or adjustable mortgages, jumbo loan amounts available and one time closing for the construction loan and the modification to permanent financing upon completion, saving thousands in closing costs.