A Message from our President
Many of you are aware of the news regarding the recent closure of Silicon Valley Bank (SVB) in California.
As a member of Blue Water Federal Credit Union, we want to assure our members, your money is safe with us. All deposits are insured up to $250,000 by the National Credit Union Administration (NCUA).
Unlike SVB, who focused mainly on large venture capital companies, our balance sheet is well diversified and our liquidity remains strong. Our Net Worth Ratio is two times what the NCUA considers to be well-capitalized.
We take the trust of our members very seriously, and continue to operate under our Mission Statement, “To provide personalized financial services to our member owners and their families in a cooperative spirit while maintaining long-term financial stability.”
If you have any questions or concerns, please feel free to contact us.
A. Raymond Kerr
President
