{"id":249782,"date":"2023-03-24T22:13:03","date_gmt":"2023-03-24T22:13:03","guid":{"rendered":"https:\/\/www.caccu.org\/?p=249782"},"modified":"2023-03-24T22:18:48","modified_gmt":"2023-03-24T22:18:48","slug":"message-to-our-members","status":"publish","type":"post","link":"https:\/\/www.caccu.org\/message-to-our-members\/","title":{"rendered":"Message to our members"},"content":{"rendered":"<p class=\"p1\">In light of recent events concerning large banking institutions, we want to assure you, our members, that California Community remains financially sound.<span class=\"Apple-converted-space\">\u00a0 <\/span>Our Capital Ratio, the measure of our financial strength, remains above the level required by federal regulators to be \u201cwell capitalized\u201d.<\/p>\n<p class=\"p1\">Your shares with CACCU are insured at $500,000.00.<span class=\"Apple-converted-space\">\u00a0 <\/span>The National Credit Union Administration (NCUA), an agency of the United State Government, provides member deposit insurance for up to $250,000.00 and American Share Insurance (ASI), a private licensed insurance company, provides additional member deposit insurance for up to $250,000.00.<\/p>\n<p class=\"p1\">The situation surrounding SVB and Signature Bank is directly related to their business model, serving only specific industries and not taking into account the risks of a high-interest rate environment.<\/p>\n<p class=\"p1\">CACCU has a diversified and strong membership base and serves several communities.<span class=\"Apple-converted-space\">\u00a0 <\/span>This diversity shields us from the challenges of a singular concentration of serving a specific type of customer and specific industries.<\/p>\n<p class=\"p1\">We maintain a diverse portfolio, have a variety of loan types and do not venture into risky types of investments or lending. As the custodian of your funds, we will always do what is in the best interests of our members.<\/p>\n<p class=\"p1\">CACCU appreciates you giving us the opportunity to serve you and the confidence you have shown in us.<span class=\"Apple-converted-space\">\u00a0 <\/span>Thank you for being part of the CACCU family.<\/p>\n<p class=\"p1\">Sincerely,<\/p>\n<p class=\"p1\">CACCU Management<\/p>\n<p><a href=\"https:\/\/ncua.gov\/support-services\/share-insurance-fund\">https:\/\/ncua.gov\/support-services\/share-insurance-fund<\/a><\/p>\n<p><a href=\"https:\/\/www.americanshare.com\/\">https:\/\/www.americanshare.com\/<\/a><\/p>\n<p class=\"p2\"><span class=\"Apple-converted-space\">\u00a0<\/span><\/p>\n<p class=\"p2\"><span class=\"Apple-converted-space\">\u00a0<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>In light of recent events concerning large banking institutions, we want to assure you, our members, that California Community remains financially sound.\u00a0 Our Capital Ratio, the measure of our financial strength, remains above the level required by federal regulators to be \u201cwell capitalized\u201d. Your shares with CACCU are insured at $500,000.00.\u00a0 The National Credit Union&hellip;<\/p>\n","protected":false},"author":1,"featured_media":249783,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[26],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Message to our members - CACCU<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.caccu.org\/message-to-our-members\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Message to our members - CACCU\" \/>\n<meta property=\"og:description\" content=\"In light of recent events concerning large banking institutions, we want to assure you, our members, that California Community remains financially sound.\u00a0 Our Capital Ratio, the measure of our financial strength, remains above the level required by federal regulators to be \u201cwell capitalized\u201d. 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