Wright-Patt Credit Union (WPCU) is aware of the recent closures of both Silicon Valley Bank (SVB) and Signature Bank, and the ongoing government intervention intended to protect their depositors. We want to take this opportunity to assure you, our valued members, that WPCU remains safe, sound, highly liquid, and in excellent financial condition.
Our financials as well as our investments are structured very differently from SVB and Signature Bank. As one of the top performing community financial institutions in the state of Ohio, WPCU has a very solid liquidity position. As a member, be assured, your credit union is well managed and in a financially strong position, and our leadership team and Board of Directors do not take excessive risks with our members' money.
Additionally, member deposits are insured up to $250,000 by the NCUA – the sister organization to the FDIC for credit unions.
WPCU takes to heart the trust you place in us and will continue to make sound decisions with your hard-earned money.
Below are some additional points to note regarding the safety and soundness of WPCU.
Wright-Patt Credit Union is well capitalized, secure, and safe.
Member deposits are secure at Wright-Patt Credit Union and are insured against loss.
Wright-Patt Credit Union continues to be well managed as leadership continues to make sound decisions on behalf of our members.
Unlike a bank, Wright-Patt Credit Union is a not-for-profit cooperative that protects the financial interests of its members – not shareholders.
Wright-Patt Credit Union has a longstanding commitment to strengthening the people and communities we serve.
To view and download a detailed report of Wright-Patt Credit Union's financial information,
please click here.