Dear Fellow Owners,
Spring is upon us, and with it comes the promise of better weather and more chances to enjoy the outdoors! With Memorial Day on the horizon, I hope everyone has the opportunity to relax and unwind among family and friends.
The banking industry has been a hot topic in the news following the closure of Silicon Valley Bank and Signature Bank in March. As mentioned in my statement on March 16, Notre Dame FCU remains well-capitalized and is positioned to serve our Owners for generations to come. While only 10 percent of Silicon Valley Bank deposits were Federal Deposit Insurance Corporation (FDIC) insured, approximately 80 percent of Notre Dame FCU deposits are National Credit Union Association (NCUA) insured, a stark difference that speaks to our viability.
We are committed to being your safety beacon, a financial institution with the ability to guide you through turbulent times. We demonstrate that commitment by not only providing you with award-winning banking through Notre Dame FCU, but also insuring you with Mission Insurance Solutions. As a credit union we answer to you, the Owner, not shareholders. That is why I believe it is important to provide financial services and protection around every corner, making the Notre Dame FCU family of services a one-stop shop for all your needs.
Our strength is in our service, and we will continue to provide you with the best our industry has to offer. If you have any suggestions for how we can better serve you, please do not hesitate to contact me at [email protected].
As always, thank you for being a part of our credit union family!
Thomas J. Gryp ‘79