What is a Credit Union?
A Credit Union is a not-for-profit, member-owned and member-operated financial cooperative. We offer members comprehensive financial services at very competitive rates and terms. And, we do it with the personal attention our members deserve. When you join Security Credit Union, your initial deposit to open a share account establishes your membership and makes you a…Read More
Why aren’t Credit Unions insured by the Federal Deposit Insurance Corp. (FDIC), like banks and thrifts?
All Credit Unions are federally insured by the National Credit Union Share Insurance Funds (NCUSIF), which is administered by the National Credit Union Administration (NCUA). The fund is backed by the full faith and credit of the U.S. government. Your savings are federally insured to at least $250,000 and backed by the full faith and…Read More