Your deposits are safe with us.
Given the recent banking news, we wanted to assure our members that City CU is fine. Your deposits are safe with us.
City CU serves only consumers in North Texas, with products like auto, home equity and personal loans and savings, checking and other deposit accounts. Like other credit unions, our number one priority is to serve our members. Since we don't extend loans to businesses of any type, we avoid exposure to that kind of risk.
The National Credit Union Association (NCUA) insures funds up to $250,000 per depositor. They're committed to protecting credit union members and to the soundness of the credit union system. No one's ever lost a single penny of insured share deposits within the credit union system.
Besides this deposit protection, City CU's financials remain strong. For eight years in a row, Bauer Financial, Inc. has awarded us their five-star "superior" rating. Our last regulatory exam earned us the highest rating for safety and soundness. You can view our 2022 financials here.
We appreciate your ongoing trust in City CU and look forward to serving you for years to come.