We’ve been closely monitoring the failures of Silicon Valley Bank, Silvergate, and Signature Bank. Naturally, these developments create more scrutiny of the financial services marketplace and cause consumers to be concerned about their finances. Now is the time to reassure your members that they’ve made a good choice to be part of the not-for-profit, cooperative Credit Union Movement. Help the members to understand how credit unions’ structure holds them accountable to members.

Banks are owned by stockholders and must deliver profits to them, credit unions are not-for-profit cooperatives, essentially owned and governed by their members. During challenging economic times, credit unions remain strong because credit unions don’t profit from motives that are driven by risk.

We are providing these messaging resources and will continue to add collateral to the toolkit as the situation further develops.