Dear Members of Capitol Credit Union,
With so much negative banking news being reported through all media channels due to the failure of Silicon Valley Bank in California and Signature bank in New York, we wanted to provide you with good banking news.
Capitol Credit Union remains financially sound with one of the strongest capital positions in the industry. Rest assured we are in great financial shape, and we have done an excellent job of building up very stable core deposits here at Capitol Credit Union. We have invested most of our deposits into the form of loans to you, our members. It is the safest and best investment we can make.
We remain a safe haven for retaining your deposits and/or moving any new deposits you may have at other financial institutions over to Capitol Credit Union. We have some of the best rates in our market and have an excellent 4% checking account and a 2% savings account as a secure place to retain your funds.
At Capitol Credit Union, our deposits are federally insured up to $250,000 per individual, however there are several options available for additional coverage for $500,000, $750,000 and so forth based on how you structure the ownership interest in your accounts with us. Please give us a call so we can make sure the coverage of your deposits is maximized here at Capitol Credit Union.
Capitol Credit Union and Credit Unions in general are some of the safest financial institutions in the country. We are here for you not for wall street or stockholders, we maintain a conservative investment portfolio and focus on serving the best interest of our members. This is why we can do such a great job in serving you “Our Members”!
Please give us a call if you have any questions about your Credit Union, or how we can maximize the coverage of your insured deposits over $250,000 if needed. We are here to serve you!