A message from Guardian Credit Union President and CEO, Kevin Nitka
With the recent liquidity issues of some larger banks over the past few weeks, I want to assure you that credit unions are not at the same risk of collapse as these banks. No credit unions have failed as a result of the recent occurrences you have heard about in the banking industry.
Deposits in federally insured credit unions are safe and secure. Credit unions offer a safe place for members to save money. Credit union members have never lost a penny of insured savings at any federally insured credit union.
Our top priority is your financial success and financial security will always remain our focus. As a member of Guardian Credit Union, you are an owner of a not-for-profit financial cooperative with a conservative approach to investing. Your credit union answers only to our members, not shareholders.
Under Federal and State regulation Guardian Credit Union is well-capitalized, and your deposits are fully insured up to $250,000 by the National Credit Union Administration (NCUA) Share Insurance Fund. In addition, Guardian members’ IRA funds are separately insured, through the NCUA, up to $250,000. NCUA is committed to the protection of credit union members and the safety and soundness of the credit union system overall. Visit MyCreditUnion.gov for more information about the National Credit Union Share Insurance Fund coverage for consumers.
You can be assured that your money is safe at Guardian Credit Union, and we have an experienced and dedicated team here to serve you and answer any questions.