Considering recent industry events, we want to assure you that your credit union remains safe, sound, highly liquid, and in excellent financial condition. Thanks to our loyal members, we are one of the largest credit unions in California, and our deposits continue to grow despite the uncertainty elsewhere. Our liquidity and our capital position remain strong at over 10%, which is beyond well-capitalized. And of course, your deposits are insured in accordance with NCUA guidelines.
We highly recommend that you talk to a Patelco team member if you have questions about your accounts or your deposits insurance coverage. You can meet online via Zoom or visit a branch near you.
Thank you for your membership and for your loyalty.
Erin Mendez
President & CEO