Maps is Financially Strong
With this weekend’s headlines regarding the FDIC shuttering of Silicon Valley Bank in California and Signature Bank in New York, we realize you may have questions about the money you have deposited at Maps.
Rest assured. Your money is safe here. Maps is regulated by the National Credit Union Administration (NCUA) and insured by the National Credit Union Share Insurance Fund (NCUSIF) which guarantees your money with the full faith and credit of the United States government. Your funds are protected up to $250,000 per individual depositor and you can get more information on how that works at mycreditunion.gov/share-insurance.
Unlike for-profit financial institutions, your credit union is a not-for-profit cooperative, owned by you and the other members using our services.
All decisions about the products and services we offer are made in your best interests, not in the interest of profit.
Our cooperative, not-for-profit structure inherently holds us accountable to you and to the other members. We do not have stockholders. We do not engage in risky practices to meet stockholders’ profit demands.
Our portfolio is diverse and not dependent on a sole industry. Our services are diverse. We are here for our members, not Wall Street.
We live and work in the Willamette Valley communities that we serve, taking local deposits and making local loans.
We are healthy, strong, safe, local, and focused on building thriving communities.
If you have questions about our capital, credit, or liquidity strength, please call us at 503-588-0181.
Maps Credit Union is safe and sound. We exceed the financial standards that regulators require for a credit union to be considered well-capitalized. Maps Credit Union’s capital-to-asset ratio is over 10 percent. Regulators consider a credit union well-capitalized at 7 percent.
Maps Annual Report
SHARE INSURANCE COVERAGE OVERVIEW
SEGURO DE DEPÓSITOS DESCRIPCIÓN GENERAL DE LA COBERTURA