Your Deposits Are Safe & Secure

Dear Members,
You may be aware of the recent bank failures, including Silicon Valley Bank (SVB) in California and Signature Bank in New York. While the Federal Reserve is taking extraordinary measures to protect these depositors and provide stabilizing tools for other at-risk institutions, I want to provide some context that will demonstrate the strength of Capitol View Credit Union and the security of your deposits.
  • Both of last week’s bank failures were of for-profit institutions. Capitol View is owned by members and not-for-profit.
  • Capitol View is well capitalized (a term regulators give institutions with a net worth ratio of at least 7%). At the end of last year, Capitol View’s net worth ratio was 14.65%, which is more than double the standard.
  • SVB had billions of dollars locked in long-term bonds and securities, which prevented them from liquidating assets without suffering significant losses. All of Capitol View’s investments are in short-term, federally insured certificates.
  • At SVB, 90% of deposits were above the federally insured guarantee of $250,000. Here at Capitol View, fewer than 5% of our member deposits fall into that category. Please note that the Federal Reserve has agreed to guarantee all deposits at SVB, despite their being above the FDIC limit.
Credit union deposits in federally insured credit unions, like Capitol View, are safe and secure.
  • Federally insured credit unions offer a safe place for credit union members to save money. These 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.
  • Credit union members have never lost a penny of insured savings at a federally insured credit union.
  • You can visit for more information about the National Credit Union Share Insurance Fund coverage for consumers.
Capitol View is proud to be a safe and secure institution for your deposits. Please feel free to contact me with any questions you may have. Thank you for being a member-owner!
Benjamin Sheridan, CEO