Message from Erika Bauer, President & CEO
Based on the turmoil you’re hearing about in the banking industry; I would like to take a moment to reassure you that Compass Credit Union is financially sound, and your money is safe with us. We pride ourselves on being a well-capitalized and financially healthy organization – in the same relentless manner and with the same passion that we serve our members and communities.
The disappointing events of the bank failures should not cause you concern about how Compass is led and governed. Not only during these dynamic economic times but also in calmer periods, we take our responsibilities of financial soundness and serving our credit union’s purpose very seriously. Our team continually monitors key economic indicators and the overall industry outlook. We’ll always protect our members’ money and be here for your ongoing needs. In fact, we continue to welcome deposits and new members who are seeking the same stability, member service, and banking options that our current members enjoy.
As a reminder:
• As a not-for-profit financial cooperative, our first priority is members’ financial success and security.
• Federally insured credit unions offer a safe place for credit union members to save money.
• Credit union members have not lost a penny of insured savings at a federally insured credit union.
Thanks again for your continued trust and support in Compass.
For more information about the National Credit Union Share Insurance Fund coverage, please visit MyCreditUnion.gov.