Many of you have likely heard the news over the last few days regarding the close of Silicon Valley Bank and Signature Bank of New York. As a result, there has been increased scrutiny and unease concerning the banking industry. Robins Financial wants to assure our valued members that we are financially secure and stable. As not-for-profit financial cooperatives, credit unions are regulated by the National Credit Union Administration and remain safe and sound.
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.
Credit Union members have never lost a penny of insured savings at a federally insured credit union. As credit unions are heavily regulated and required to remain in compliance with strict soundness standards, members should rest assured knowing their accounts are protected.
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.
Robins Financial continues to be strong, stable, and well-managed.
For more information on how your funds are protected, click here to learn more about the NCUA.
Lastly, If you have friends or family members looking to keep money local, we welcome them to join us at Robins Financial Credit Union, where deposits remain safe, sound and secure.