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Recent Bank Collapse - Stay Informed

The recent collapse of two regional banks has raised concerns regarding the soundness of the US banking system.

While this situation does not involve the collapse of a credit union, it is important to keep the following in mind.

  • All Wisconsin credit unions are federally insured and deposits there are safe and secure.
  • Credit union deposits are protected by the National Credit Union Share Insurance Fund and insured up to at least $250,000 per individual depositor – the same as any other federally insured financial institution.
  • The Wisconsin Department of Financial Institutions recently issued its year end 2022 bulletin and found Wisconsin credit unions “continue to perform well based on the financial information reported at year-end 2022. Our credit unions started 2023 in a good position and are financially stable.”
  • Credit union members have never lost a penny of insured savings at a federally insured credit union.

Visit for more information about the National Credit Union Share Insurance Fund coverage for consumers.​​​​​​

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