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 13 years, 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. Our strong liquidity position has only continued to increase with steady deposit growth (to date) in 2023, and we maintain a balanced loan-to-deposit ratio. For more information, please review our most recent annual report.

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

It’s important to note that Advantis’ cooperative, not-for-profit structure makes us inherently different from banks making recent headlines in the news – including First Republic Bank. Unlike commercial banks that maximize profits to enrich shareholders, we do not engage in risky practices to meet profit demands. And instead of serving a niche sector of business clients, we proudly serve 87,000 members, right here in Oregon. Our difference makes us safer and stronger, and an excellent place to save for your financial future.

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.