top of page

Safe, Secured, and Insured

Headlines about the U.S. regulators taking over Silicon Valley Bank and Signature Bank have dominated the news over the past few days. You may have questions about the safety of your deposits. We wanted to take this opportunity to explain the events as we know them today, and to reaffirm the safety of your deposits at Public Service Credit Union.

· The issues that affected SVB and Signature Bank are not representative of the overall banking system. Their customer base consisted of start-ups, venture capitalists, and crypto currency firms. All of these sectors have experienced a decline due to various economic factors over the past few months. We at Public Service Credit Union do not have any exposure to these types of businesses.


· Regulators have indicated they will do whatever it takes to be a backstop to U.S. depositors. This means they are currently insuring deposits for the failed banks in excess of the normal $250,000.


· PSCU continues to be one of the strongest financial institutions in the country (thanks to our great team). We are 5-Star rated by Bauer Financial and have been for over 20 years. We also consistently earn the highest ratings by our state regulators. We maintain our capital at nearly double the amount required to be considered "well capitalized" by the regulators.


· In short, we prioritize the safety of our members’ money, we are financially stable, and we are here to meet your financial needs for today, tomorrow, and always.

This is a dynamic situation that we are continuing to monitor. If at any moment you have further questions, please reach out to the PSCU Team.

734-641-8400 www.pscunow.com

38 views2 comments

2 Comments


"Safe, Secured, and Insured" encapsulates the essence of IMR Digital's commitment to our clients. With decades of experience in document scanning and conversion services, we understand the paramount importance of safeguarding sensitive information. Our state-of-the-art facility in West Hazleton, PA, equipped with cutting-edge technology, ensures the highest levels of security and confidentiality. Partnering with IMR Digital means entrusting your valuable documents to a team dedicated to providing premium quality, personalized service, and upholding old-fashioned family values. Rest assured, with IMR Digital, your documents are in safe hands.

Like

Lakewood Exterminating services are the top choice for safeguarding both your home and your children's well-being. With their expertise in pest control, they ensure a safe and healthy living environment by effectively eliminating potential threats to your family's health and comfort. Choosing Lakewood Exterminating is a proactive step towards maintaining a pest-free home, promoting peace of mind, and creating a safe haven for your loved ones.

Like
bottom of page