|
In recent days, you may have heard that federal regulators shut down Silicon Valley Bank in California and Signature Bank in New York. Even though this does not impact Metco members in any way, I would like to take this opportunity to remind you how and why your money is safe at Metco.
Metco Credit Union is federally insured.
Federally insured credit unions are a safe place to save money, and your accounts are protected by the National Credit Union Share Insurance Fund. That means your deposits are insured by the Federal Government up to at least $250,000 per depositor. You can rest easy knowing that no one has ever lost a single penny of insured share deposits within the credit union system.
Financial security has always been our top priority.
Since Metco Credit Union was organized 66 years ago, our focus has always been the financial well-being of our member-owners and the success of this community. As part of that commitment, we'll always communicate with you quickly and directly if you need to hear from us.
We're here to answer your questions.
Although Metco members were not affected by these out-of-state banks, I am happy to answer any questions you may have. You can contact me directly and I'll respond at my first opportunity. 319.398.5007 ext. 219 or brad@metcocu.org.
Again, your deposits are safe at Metco Credit Union. Our priority is to equip you with the information and tools you need to prosper, and we’re here to be your financial partners at every stage of life. Thank you for being a Metco member!
| 
