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Safe, strong, and here for you

Here for you

Safe, strong, and here for you

Between recent headlines about the banking industry and the continued uncertainty of the global economy, this felt like the perfect time to remind you that Advantis is here for our members, safe and strong, just as we have been since 1928.

Your money is safe and insured 

The money in your credit union is not something you need to worry about. Your funds are safe, and your accounts are fully insured by the National Credit Union Share Insurance Fund (NCUSIF) to at least $250,000 per individual. (If a member has over $250,000 on deposit, options are provided for additional share insurance coverage because the NCUSIF provides separate and additional insurance for other accounts/ownership structures). As you can see, keeping your money safe in an insured checking or savings account is a financially sound decision.

We're strong and we're here

While the economy has felt fragile and unpredictable over the past several months, Advantis remains exceptionally strong. We’ve increased our capital (or rainy-day fund) every year over the past decade, far exceeding the regulatory standard for “well-capitalized” credit unions, and continually operate within the regulatory definition of “safe and sound” practices. So our members can rest easy, knowing we’re better prepared to weather whatever may come.

We’ll continue to provide you with the solutions that you need, and help you save with lower fees and competitive rates. It’s our commitment to you, and it doesn’t change in challenging times.

And if you ever do experience financial hardship, please reach out to us right away. Our staff is here to help, with solutions and assistance for your unique situation.  

We're entirely different from banks in the headlines

The banks that collapsed recently are entirely different from Advantis Credit Union. These banks had capital holdings, a corporate (business) structure, and a customer base entirely different than Advantis. For example, while Advantis is proud to serve households and families here locally in Oregon, the financial institutions making headlines specialized in banking for tech startups and other types of niche business lines. Advantis is in a strong liquidity, capital, and financial position, and does not have the same exposure as these banks.

If you have questions, please reach out to us.

Send us a secure message in the Online Banking Message Center or call us at 503-785-2528, Monday - Friday, 8 am – 6 pm.