Credit Unions are Safe & Secure
As recent bank failures make headlines and may have you nervous about the security of your money on deposit, we’d like to share a few facts about why a credit union like Fort Worth City Credit Union is a great place to keep your money safe and secure:
As a member of Fort Worth City Credit Union (FWCCU), you are an owner of our not-for-profit financial cooperative. Our first priority is your financial well-being.
FWCCU was chartered 94 years ago, and we are committed to serving our members and our community.
Deposits in federally insured credit unions like FWCCU are safe and secure. In fact, credit union members have never lost a penny of insured savings at a federally insured credit union.
Federally insured credit unions offer a safe place for credit union members to save money. These deposits are protected by the National Credit Union Administration and insured up to at least $250,000 per individual depositor – the same as any other federally insured financial institution.
In addition to financial security, there are other advantages of credit unions over banks, including lower loan rates, annual bonus dividends, and personalized service.
As a member of FWCCU, you share in our ownership - and our earnings. In 2022, we gave back almost 1/2 million dollars to our members in the form of bonus dividends and loan interest rebates. Bonus dividends are a cornerstone of the not-for-profit model, and a benefit of doing business with FWCCU. Interest rebates lower your effective interest rate and reduce your cost of borrowing from Fort Worth City Credit Union.
Please visit our website at fwccu.org or call 817-732-2803 with any questions about the safety and security of your money. And as always, we appreciate your membership and loyalty.