CEO Response to Recent Bank Failures
A Message from Andrew Grimm, President/CEO
As the news of bank failures dominate the airwaves, I want to provide you with reassurance that your deposits are safe, and well protected.
Apple Federal Credit Union is financially strong, with reserves well above the level required by our regulator to be considered well-capitalized. We have a variety of sources for liquidity, members employed by multiple organizations, and a well-diversified portfolio of assets.
Most importantly, your deposits are insured by the National Credit Union Share Insurance Fund up to $250,000 per individual depositor. Watch this helpful video from the NCUA to learn more:
Since 1956, Apple has been managed with safety and soundness as a top priority. We remain well positioned to serve you for years to come.