Achieving Financial Health for St. Mary’s Employees and the Community
In light of recent industry events, we want to assure you that SMACU remains well-capitalized, surpasses federal and state regulatory requirements, and is financially sound. As you may have heard, Silicon Valley Bank (SVB) and Signature Bank closed last week. We want to reassure our members that SMACU did not face the same pressures.
Your shares are federally insured by NCUA for at least $250,000. You may qualify for more than $250,000 in coverage at one insured credit union if you own share accounts in different ownership categories such as individual, joint, or revocable trusts. Learn more.
As a member at SMACU, you are an owner of our not-for-profit financial cooperative. Our first priority is your financial success, and we focus on financial security. Thank you for choosing SMACU as your trusted financial partner. We are in a great position to continue to serve our members’ needs!