At California Coast Credit Union, our members remain the highest priority and we value your confidence in us. In light of recent financial sector news, we want to take a moment to provide you with peace of mind by emphasizing the strength and stability of your credit union, and to assure you that your funds are safe, secure, and readily available.
As the longest-serving financial institution in San Diego, we are exceptionally proud of our history of growth, adaptability, and prudent decision-making. Cal Coast Credit Union is financially healthy, with $3.5 billion in assets, strong reserves, and abundant liquidity. In fact, Cal Coast is well capitalized at levels above guidelines set by federal regulators. Rest assured; your funds are insured up to $250,000 per individual depositor by National Credit Union Administration (NCUA).
At Cal Coast, we conservatively invest in our members. Recent news reports regarding troubles at two U.S. banks indicate that their challenges stem from their dependence on startups, tech companies and cryptocurrencies. Cal Coast is not involved with cryptocurrencies and does not have a concentration of deposits or loans in any one industry or sector. Cal Coast’s members are local individuals, families, businesses, and others from the local communities that we have served steadily for over 90 years.
Cal Coast is proud of our record of financial strength and stability, and service to the community. We look forward to continuing that commitment for many more decades to come.
If you have any questions, visit your local branch or call our toll free number (877) 495-1600.
President and CEO