Information Regarding Recent Bank Failures

March 15, 2023 4:26 pm

What does this mean for CCFCU Members?

These are bank failures, not credit union failures, but we know you may have questions. We want to assure you CCFCU is strong and secure and these bank failures have no impact on your deposits.

Is my money safe at CCFCU?

Yes, your CCFCU deposits are protected up to $250,000 per depositor by the National Credit Union Share Insurance Fund. CCFCU also has an additional $250,000 per depositor through Excess Share Insurance.

How can I be sure?

Federal Credit Union members have never lost a penny of insured deposits. If you have any question or concerns, please do not hesitate to give us a call at 207-878-3441.