Certainly with the collapse of Silicon Valley Bank last week being the second largest failure of a financial institution in U.S. history, headlines in the news have sparked interest in the safety of banking systems. Given the capital crisis, it is an opportunity to remind our members of the unique benefits that sets credit unions apart from the big banks.

As a credit union member at Scenic Community Credit Union, you are an owner of our not-for-profit financial cooperative. Credit unions’ first priority is your financial success, and we focus on financial security.

Scenic Community Credit Union was chartered 69 years ago, and we are committed to serving our community. You can be assured that your money is safe and sound at our credit union. We have an experienced team to serve you and answer any questions or concerns.

Our deposits are federally insured, safe, and secure. Being Federally Insured offers our members a safe place to save money. These deposits are protected by the National Credit Union Share Insurance Fund and insured up to at least $250,000 per individual depositor – the same as any other federally insured financial institution.

Scenic Community Credit Union members have never lost a penny of insured savings as a federally insured credit union.

We want to thank our members for trusting in us as your financial institution and allowing us to advance financial peace of mind within our communities.

You can visit mycreditunion.gov for more information about the National Credit Union Share Insurance Fund coverage for consumers. 

In addition to our credit union-specific resources, you can find more information about the credit union difference on the Credit Union National Association’s Advancing Communities website at advancingcommunity.com.