A Safe Harbor for Your Money

Feelings of uncertainty may further develop with the latest headlines of bank failures and other economic trends. It’s understandable that you might be concerned, but you can be reassured on one point: the stability of your credit union and the security of your accounts here at Cy-Fair Federal Credit Union.

We recognize the importance of ensuring Cy-Fair Federal Credit Union is a financially strong and stable place to hold your deposits. To that end, we employ sound business practices, avoiding the failures that adversely affected many banks nearly 15 years ago. When other large, national institutions required bailouts, Cy-Fair FCU stood strong as a safe harbor for our members’ money, highlighting that the size of an institution does not indicate financial security, but the principles for which they operate do.

Cy-Fair Federal Credit Union’s conservative approach to maintaining strong capital position—a safety net of undivided earnings and other reserves—has helped us weather these threats since 1956 and ensure our members have a safe place for their money. Further strengthening the credit union, federal regulators routinely examine our business practices. Their findings consistently find us to be observing safe, sound operations, and in excellent condition.

In addition to our sound position, your Cy-Fair FCU savings are always insured, federally backed by the National Credit Union Administration (NCUA), to at least $250,000 and can be insured to a level much higher with the inclusion of additional joint account holders. The federal insurance protects your money in credit union savings, checking, money market, share certificate, trust, and retirement accounts.

With our sound approach and capital position, we can safely navigate the downturns of the economy to keep your money safe, while also continuing to grow your money with our great rates on CFFCU Certificates and with our Z-Checking account.

Rest assured, Cy-Fair FCU — your credit union — is strong and well-positioned to continue to safeguard your money!