Your Money Remains Safe
March 14, 2023
Following the widely publicized closures of Silicon Valley Bank and Signature Bank, I want to offer peace-of-mind to our valued members of Frankenmuth Credit Union (FCU). I assure you that FCU remains financially strong.
FCU is federally insured by the National Credit Union Administration (NCUA) to at least $250,000. The thorough examination process and offsite monitoring consistently implemented by the NCUA will continue to maintain the solid footing and strong capitalization of the greater credit union system.
Frankenmuth Credit Union, as well as credit unions nationwide, has access to an abundance of liquidity sources if the need should ever arise.
FCU values the safety and soundness of our members’ deposits above all else and remains committed to the protection of our credit union members. Throughout the history of the credit union system, no credit union member in the United States has ever lost a penny of insured share deposits.
As we move forward through this time of economic uncertainty, Frankenmuth Credit Union stands by ready to assist our members every step of the way, allowing you to bank with confidence. We will continue to be Better Together.
Vickie Schmitzer, CEO
Frankenmuth Credit Union
No credit union member in the United States has ever lost a penny of insured share deposits.