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At Chivaho Federal Credit Union

Your Money is SAFE and Insured Up to $250,000!

In the history of credit unions, not one penny of insured savings has ever been lost by a member of a federally-insured credit union. Credit union members can rest assured that their deposits are safe and sound.

Many Ohioans are searching for a light at the end of the tunnel after the recent problems some mortgage and insurance giants are facing. As consumer confidence in the financial services industry begins to waver for many Ohioans, rest assured that you have found a safe haven for your deposits in a longtime friend –Chivaho Federal Credit Union.

Chivaho is very well capitalized. Capital serves as a buffer against any losses and remains at a historical high level. A credit union must have a capital-to asset ratio of at least 7% in order to be considered well capitalized by the regulator. As of December 2008, Chivaho  had a capital to asset ratio of 22.67%, which represents 3.2 times the regulatory requirement. Therefore making your credit union safe and sound.

Additionally, the funds on deposit at Chivaho FCU are insured by the full faith and credit of the federal government. The National Credit Union Share Insurance Fund (NCUSIF) insures our shares on deposit up to $250,000 and also insures retirement funds up to $250,000.

While the rest of the financial services industry is swimming in controversy, Chivaho Federal Credit Union is truly a safe harbor for your money.