The Difference Between Sunmark Credit Union and the "Big Banks" That Recently FailedWith news regarding bank failures continuing to make headlines, you may have questions regarding the safety and security of your deposits at Sunmark Credit Union. At Sunmark, we have a very diverse membership and are structured much differently than the banks that are failing. Nearly all of our deposits are insured – as opposed to Silicon Valley Bank, for example, where 90% of their deposits were not – and we are well capitalized, financially sound, and our members’ deposits are safe. As a credit union, we are committed to the philosophy of “people helping people,” and reinvesting into the community through competitively priced loans, as opposed to significant outside investments. Your deposits with Sunmark are insured by the NCUA. Assisting our members in protecting their funds with us is a top priority, and Sunmark employees can offer helpful guidance on how to structure your accounts to maximize the insurance protection provided. Simply call 866-SUNMARK, chat with us online at Sunmark.org, or visit any Sunmark branch for more details. Sunmark is a very strong financial institution that has successfully weathered significant market challenges over our 85+ years, and we value and appreciate the confidence that you have in your relationships with us. Content For You |
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Routing #: 221379824
