Orange County's Credit Union continues to be in a strong position financially. Our capital position at 8.96% is well above the 7.00% the National Credit Union Association (NCUA) considers well-capitalized. The Credit Union is considered well-managed with low risk by the NCUA and the California Department of Financial Institutions. We've followed prudent, conservative lending practices and did not participate in high-risk, non-traditional lending. You can feel confident about your choice to bank at Orange County's Credit Union. Through every stage of the current economic climate, we've continued to loan money and seek savings. We're proud of our strong financial condition.
Your Savings are Federally Insured to $250,000
The NCUA increased share insurance protection to $250,000 on all types of deposit accounts through December 31, 2013. The boost in insurance coverage is the same as that provided for the Federal Deposit Insurance Corporation (FDIC), which insures bank deposits.
What about my Credit Union accounts?
Your deposits at Orange County's Credit Union are insured to $250,000 on all types of share deposits: checking, savings, money markets, share certificates.
Who is the NCUA?
The National Credit Union Administration (NCUA) is the federal agency that regulates a federal fund backed by the full faith and credit of the United States Government to insure deposits in federal and most state-chartered credit unions.
For information about the NCUA, visit www.ncua.gov.
What if I have multiple accounts that exceed $250,000?
Additional insurance is available on multiple accounts based on ownership interest. For example, if you have an individual account containing $250,000, and a joint account with your spouse containing $250,000, each account is insured separately for a total coverage of $500,000.
We value your Membership and the trust you've placed in us for more than 75 years. Your deposits are secure at Orange County's Credit Union, so you can continue to invest with confidence.