Executive Announcement

Important Member Update

In the wake of the recent collapse of Silicon Valley Bank (SVB), Signature Bank and the voluntary liquidation of Silvergate Bank, we would like to remind you, our member-owner, that your funds are safe and protected. The banks mentioned above, are niche banks serving a particular set of customers, in a limited sector, which significantly increased their risk profile.

After 96 years of service, we continue to deliver financial stability, and provide you with products and services that help you achieve Financial Fitness and Win with Money. We are well capitalized with sound investments driving Priority One Credit Union’s growth in 2023 and beyond.

The National Credit Union Administration (NCUA) provides share insurance coverage for Credit Unions of up to $250,000 and they’ve reminded us that “not one penny of insured savings has ever been lost by a member of a Federally Insured Credit Union.” Additional information on NCUA share insurance coverage is available at https://mycreditunion.gov/share-insurance. Thank you for your continued support and we value the trust that our member-owners, like you, have placed on us as we continue to operate in a safe, sound, and secure manner.