News and Information

A Message from Our President/CEO: Your Money is Safe with The Police Credit Union

by Alicia Palelej | Mar 10, 2023
Dear Valued Members,

The recent news of the FDIC taking control of Silicon Valley Bank may have caused concern or questions about the safety of your deposits here at your credit union. However, I want to make it clear that the nature of that event does not affect the security of your accounts with The Police Credit Union.

As a Credit Union, we operate under a very different model than commercial banks or those like Silicon Valley Bank that are considered 'technology' commercial lenders providing venture capital funds to start-ups. Instead, our exclusive focus is on providing our hard working members with exceptional service, competitive pricing on savings and deposits and above all, to rock-solid financial stability.

A key cornerstone of our soundness is our net worth of 12.77%, far above that of banks, above what our own regulators require and even other credit unions. Having such a high net worth gives us a vital cushion to help weather volatile situations in the economy. And it allows us to offer you peace of mind.

Remember, unlike banks, our organization is 100% owned by you, our members, and we are not driven to deliver short-term profits to shareholders, We are instead committed to managing our resources responsibly and prudently to ensure the safety, soundness, and future security of our institution.

Our Credit Union is insured by the National Credit Union Administration (NCUA), which provides deposit insurance for up to $250,000 per account holder. Please note that accounts may be insured for a higher limit, based on how they are structured. For more information on how this can be done, please stop by a branch or call us at 800.222.1391.

For nearly 70 years, we have worked hard to earn the trust and confidence of our members and we take our responsibility as your financial partner seriously. Please rest assured that we are committed to maintaining the safety and security of your deposits, and we will continue to provide you with the highest level of service.

Thank you for selecting us as your financial partner. If you have any questions or concerns, please do not hesitate to contact us at 800.222.1391.

Warm regards,
Eddie Young
Eddie Young
Providing Financial Solutions to Take Care of Our Own

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APR = "Annual Percentage Rate". Actual APR is based on your credit profile and may be higher than the lowest rate available. Posted rates may include promotional discounts and other terms and conditions. APY = "Annual Percentage Yield". Rates are subject to change without notice.

The Police Credit Union proudly provides banking and loan solutions including checking accounts, credit cards, auto loans and more for police and other law enforcement agencies and their families  in the Bay Area and beyond. Visit us at one of our branches in San Francisco, Pleasanton, San Mateo, San Bruno or Oakland, CA or check if you are eligible for membership and apply online today.

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