Financially Strong - Genisys® Credit Union

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Genisys Credit Union is Financially Strong

Dear Valued Member:

As you are likely aware of the news regarding Silicon Valley Bank in California, I want to assure you that Genisys Credit Union is financially safe and sound and that our Net Worth Ratio is more than two times what the National Credit Union Administration (NCUA) considers to be well-capitalized.  

It is also important to note that all deposits are insured up to $250,000 by the NCUA. Additionally, our balance sheet, including our investment portfolio, is structured much differently than Silicon Valley Bank, as we focus on diversification, unlike Silicon Valley Bank who focused mainly on large venture capital organizations.

We are honored to serve our members and appreciate your trust in us. We take that trust very seriously and operate within conservative risk policies to ensure we are strong to serve our members through various economic cycles. If you have any questions or concerns, please feel free to contact us.

Jackie Buchanan
Genisys Credit Union

Learn more about how the NCUA insures accounts in credit unions and Genisys has you protected.

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