eNews: March 2023
March 15, 2023
We know many of you are following the news regarding Silicon Valley Bank (CA) and Signature Bank (NY), and the concurrent response from federal and state regulators.
While we cannot comment on the specific challenges at these institutions, we wanted to assure you that our risk practices and industry exposures are in stark contrast to these two institutions.
We are a community credit union focusing on individuals and small businesses within the communities we serve. We have always prioritized safety and soundness, profitability, and growth in that order.
Our risk management processes have resulted in strong capital and liquidity positions, which will allow us to continue to serve all current and prospective members. If you know an individual or business owner affected by this unfortunate situation, please let them know that we are here to help.
We will remain vigilant as your community partner to changing market conditions and economic developments.
We encourage you to reach out if you have any questions about how these events affect your shares or any facet of our ongoing relationship.
President and CEO
Check out our new look – coming soon!
We are making some upgrades to the look and accessibility of our online banking! We will be launching this new update soon, so don’t be surprised if it looks different the next time you log in! The new layout offers widgets within online banking including card controls, account summaries, loan payments, an option to download cleared checks, and more! The goal is to make this more user-friendly for you! If you have any questions, please let us know!
Do you know your score?
More than one-third, or 34%, of Americans found at least one error on their credit report, according to a Consumer Reports investigation!
Sign up today for our FREE online tool called SavvyMoney which gives you the power to view your credit score in real-time and also gives you suggestions on how to improve your score! To sign up, you can log in to your online banking from your desktop or our mobile app and click SavvyMoney to get started! If you need help, email one of our Member Advisors who can help you get signed up today!
There is still time to apply!
The Unison Credit Union John Aman Memorial Scholarship awards $2,000 to students who best mirror the credit union philosophy of “people helping people” and who have learned the importance of volunteerism and giving back to his or her community. This scholarship is given in memory of John Aman, Unison’s first CEO who was hired in 1970. Applications are due by Saturday, March 25th at noon – tell your high school senior to apply today!
Looking for a pot of gold?
Look no further! We are offering a limited time certificate special of 4.78% APY for 13-months with a minimum of $5,000 new money!*
We have also increased our current Money Market rates! Check out our current rates.