You might have concerns about the money you deposited at TwinStar after reading the weekend headlines about the FDIC closing two banks. Please know that your money is secure.
Unlike for-profit financial institutions like banks, we are a not-for-profit cooperative. Our member-owned, not-for-profit structure holds us accountable to you and every member. We do not have stockholders.
We are here for Main Street, not Wall Street. We are local and focused on building thriving communities. We take great care in providing a balance of loans, deposits, and banking services. TwinStar consistently exceeds the financial standards federal regulators require for a credit union to be considered well-capitalized. In addition, The National Credit Union Share Insurance Fund (NCUSIF) insures your money, and it is protected up to $250,000 per individual depositor*. For more information on share insurance, visit mycreditunion.gov/share-insurance or www.ncua.gov/support-services/share-insurance-fund .
Your money is safe and sound at TwinStar.
*Accounts not separately insured. Northwest Division accounts are insured by the NCUSIF as accounts of TwinStar Credit Union.