Are My Funds Secure with My Credit Union?

In light of the recent bank collapses of Silicon Valley Bank and Signature Bank of New York, we understand that many people are experiencing feelings of unease regarding the banking industry at this time. We want to assure you that all member funds are safe and secure at your credit union. We are committed to protecting and guiding you along your financial journey.

But don’t just take our word for it! Here are some of the reasons you can rest assured that your funds are safe and secure:

• As not-for-profit financial cooperatives, credit unions are regulated by the National Credit Union Administration. The NCUA has assured all credit unions and our members that the credit union system remains safe and sound. View the statement from NCUA Chairman Todd M. Harper.
• Credit union members have never lost a penny of insured savings at a federally insured credit union.
• Your credit union deposits are NCUA insured up to $250,000 per individual depositor – the same level as any federally insured financial institution.
• Credit unions are heavily regulated and required to remain in compliance with strict soundness standards. As a credit union member, you can rest assured knowing your accounts are protected by these standards and regulations.
• Robins Financial Credit Union is regularly evaluated by state, federal, and independent examiners. These exams review the operational, compliance, and examination reports to ensure that the credit union is managed in a manner that is both fiscally and ethically sound. Our recent exam findings show that Robins Financial continues to be strong, stable, and well-managed.
• Credit unions exist solely to serve our members and the community, accepting local deposits and making local loans. We pride ourselves on being good stewards of resources and are proud to invest our earnings back into you, our member.
• For more information on how your funds are protected, click here to learn more about NCUA share insurance. Click here for a printable brochure.

At Robins Financial Credit Union, our members are at the heart of everything we do. Thank you for choosing us as your trusted financial partner. We assure you that everything we do is with our members in mind, and we are committed to earning and preserving your trust.

If you have friends or family members looking to keep their money local, we welcome them to join us at Robins Financial Credit Union, where deposits remain safe, sound, and secure.

Learn More: Credit Union Account Protection