To Our Valued Members:
The news of the collapse and closure of Silicon Valley Bank followed by Signature Bank is unsettling and understandably causing concerns among consumers about the safety of their deposits. We want you to know that GE Credit Union is strong and your deposits are safe and protected.
GE Credit Union is a federally insured credit union. Deposits at federally insured credit unions are protected by the National Credit Union Share Insurance Fund, the independent federal agency of the National Credit Union Administration (NCUA). Deposits are insured up to $250,000 per individual depositor and $500,000 for joint account holders. Not one penny of insured savings has ever been lost by a member of a federally insured credit union.
If you have any questions or concerns, please visit your local branch or call us at 800.992.8472.
Sincerely,
Chris Moran
President and CEO