Safe & Sound since 1936

Dear Member,

After the unfortunate events that transpired this weekend surrounding the banking industry, we realize you may have questions about the money you have deposited in your credit union. We’d like to take this opportunity to assure you that your money is completely safe, and that Forrit Credit Union is financially strong and secure.

The National Credit Union Share Insurance Fund insures your money, and it is protected up to $250,000 per individual depositor. For more information, visit mycreditunion.gov/share-insurance.

Unlike for-profit financial institutions, your credit union is a not-for-profit cooperative, owned by you and the other members using our services.

• All decisions about the products and services offered are made in your best interests.
• Our cooperative, not-for-profit structure inherently holds us accountable to you and to the other members. We do not have stockholders. We do not engage in risky practices to meet stockholders’ profit demands.
• Our portfolio is diverse and not dependent on a sole industry. Our services are diverse. We are here for Main Street, not Wall Street.
• We live and work in the communities that we serve, taking local deposits and making local loans.
• We are healthy, strong, safe, local, and focused on building thriving communities.

Your credit union is safe and sound. We exceed the financial standards regulators require for a credit union to be considered well-capitalized.

Your financial safety and security are always our top priority. If you have questions, please don’t hesitate to connect with us at 503-275-0300.

Sincerely,

Forrit Credit Union