Strong. Safe. Secure.

Stanford FCU was founded in 1959 and today has 86,000 members worldwide with $4 billion in assets.

After the bank failures earlier this year, there continues to be uneasiness surrounding financial services. I want to make sure our communication directly addresses Stanford FCU’s differences. My goal is to ease any anxiety you may have and to address any questions. As we have shared, Stanford FCU is very well positioned in capital, liquidity, and balance sheet management. In fact, most Banks and Credit Unions are not struggling.

As you can see in the charts below, Stanford FCU is very different from Silicon Valley Bank and other financial institutions frequently mentioned in media coverage. As of 12/31/22 we had only 14.9% uninsured deposits compared to 93.9% at Silicon Valley Bank. We are well capitalized at 9.51% (vs. the well capitalized threshold of 7%) with strong liquidity and minimal unrealized gains/losses on our investment portfolio, which is 99% available-for-sale. We historically manage our financials in a conservative manner with our top priority on safety and soundness.

Members are priority one at Stanford FCU. Our members tell us they know their deposits are safe and sound with us and they are! We’ve been in business since 1959 serving the Bay Area and we stand ready to continue serving the Bay Area through all periods of uncertainty, strengthening the trust our members have in us. We can share with you that historically there hasn’t been a depositor loss in Credit Unions and we don’t see that changing.

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NCUA Call Reports

 

You can view Stanford FCU’s financial performance reports on NCUA’s website using our Charter Number 13392.

View reports

Your credit union is…

Financially sound

Stanford FCU is in the top 100 credit unions in the U.S. by asset size and very conservatively managed. Our capital is strong and we maintain equity reserves and liquid investments that prioritize safety and soundness.

Different than a bank

Credit unions are not-for-profit so we never put profits before people. All decisions are made in the best interests of our member/owners. Our volunteer Board of Directors and Supervisory Committee provide direction and oversight.

Federally regulated

Stanford FCU is regulated and insured by the National Credit Union Administration (NCUA), an independent agency of the U.S. government, just as banks are regulated and insured by the Federal Deposit Insurance Corporation (FDIC).

Deposits are federally insured

Deposits are federally insured

The NCUA operates and manages the National Credit Union Share Insurance Fund (NCUSIF) which insures the deposits of millions of account holders in all federal credit unions and the vast majority of state-chartered credit unions. NCUSIF is backed by the full faith and credit of the U.S. government.

Deposits are insured up to at least $250,000. Individual Retirement Accounts (IRAs) up to an additional $250,000. Accounts can be structured for more coverage. Schedule an in-person or virtual appointment so we can help maximize your coverage or visit the NCUA’s share insurance web page for more information.